Capital One 2015 Annual Report Download - page 180
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CAPITAL ONE FINANCIAL CORPORATION
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
161 Capital One Financial Corporation (COF)
We have certain credit card partnership arrangements in which our partner agrees to share in a portion of the credit losses associated
with the partnership. The loss sharing amounts due from these partners result in reductions in reported net charge-offs and provision
for loan and lease losses. The table below summarizes these impacts for the years ended December 31, 2015, 2014 and 2013.
Table 6.3: Summary of Loss Sharing Arrangements Impact
Year Ended December 31,
(Dollars in millions) 2015 2014 2013
Reduction in net charge-offs . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 189 $ 164 $ 151
Reduction in provision for loan and lease losses. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 240 167 111
The expected reimbursement from these partners, which is netted against our allowance for loan and lease losses, was approximately
$194 million, $143 million and $141 million as of December 31, 2015, 2014 and 2013 respectively. See “Note 1—Summary of
Significant Accounting Policies” for further discussion on our credit card partnership agreements.