Capital One 2015 Annual Report Download - page 109

90 Capital One Financial Corporation (COF)
December 31, 2014
(Dollars in millions)
Period End
Balance
Average
Balance
Interest
Expense
% of
Average
Deposits
Average
Deposit
Rate
Non-interest bearing accounts. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 25,081 $ 24,639 N/A 12.0% N/A
Interest-bearing checking accounts(1) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 41,022 41,702 $ 204 20.3 0.49%
Saving deposits(2). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 130,156 129,868 752 63.1 0.58
Time deposits less than $100,000 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6,051 5,856 75 2.8 1.29
Total core deposits . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 202,310 202,065 1,031 98.2 0.51
Time deposits of $100,000 or more. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2,261 2,560 53 1.3 2.07
Foreign time deposits(3) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 977 1,050 4 0.5 0.34
Total deposits. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 205,548 $ 205,675 $ 1,088 100.0% 0.53
December 31, 2013
(Dollars in millions)
Period End
Balance
Average
Balance
Interest
Expense
% of
Average
Deposits
Average
Deposit
Rate
Non-interest bearing accounts. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 22,643 $ 21,345 N/A 10.2% N/A
Interest-bearing checking accounts(1) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 43,880 43,823 $ 254 21.0 0.58%
Saving deposits(2). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 127,667 129,373 714 61.8 0.55
Time deposits less than $100,000 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6,299 8,955 161 4.3 1.80
Total core deposits . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 200,489 203,496 1,129 97.3 0.55
Time deposits of $100,000 or more. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2,852 3,938 108 1.9 2.74
Foreign time deposits(3) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,182 1,611 4 0.8 0.25
Total deposits. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 204,523 $ 209,045 $ 1,241 100.0% 0.59
__________
(1) Includes Negotiable Order of Withdrawal (“NOW”) accounts.
(2) Includes Money Market Deposit Accounts (“MMDA”).
(3) Substantially all of our foreign time deposits were greater than $100,000 as of December 31, 2015, 2014 and 2013.
Our deposits include brokered deposits, which we obtained through the use of third-party intermediaries. Those brokered deposits
are reported as interest-bearing checking, saving deposits and time deposits in the above table and totaled $12.0 billion and $5.1
billion as of December 31, 2015 and 2014, respectively.
The FDIC limits the acceptance of brokered deposits by “well-capitalized” insured depository institutions and, with a waiver from
the FDIC, by “adequately capitalized” institutions. COBNA and CONA were “well-capitalized,” as defined under the federal
banking regulatory guidelines, as of both December 31, 2015 and 2014. See “Part I—Item 1. Business—Supervision and
Regulation” for additional information.