Capital One 2015 Annual Report Download - page 99

80 Capital One Financial Corporation (COF)
Table 21: Credit Score Distribution
(Percentage of portfolio) December 31,
2015
December 31,
2014
Domestic credit card - Refreshed FICO scores:(1)
Greater than 660 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 66% 68%
660 or below . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 34 32
Total . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 100% 100%
Auto - At origination FICO scores:(2)
Greater than 660 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 51% 47%
621 - 660 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 17 17
620 or below . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 32 36
Total . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 100% 100%
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(1) Credit scores generally represent FICO scores. These scores are obtained from one of the major credit bureaus at origination and are refreshed monthly
thereafter. We approximate non-FICO credit scores to comparable FICO scores for consistency purposes. Balances for which no credit score is available or
the credit score is invalid are included in the 660 or below category.
(2) Credit scores represent FICO scores. These scores are obtained from three credit bureaus at the time of application and are not refreshed thereafter. The FICO
score distribution is based on the average scores. Balances for which no credit score is available or the credit score is invalid are included in the 620 or below
category.
We present information in the section below on the credit performance of our loan portfolio, including the key metrics we use in
tracking changes in the credit quality of our loan portfolio.
See “Note 5—Loans” in this Report for additional credit quality information. Also, see “Note 1—Summary of Significant
Accounting Policies” for information on our accounting policies for delinquent and nonperforming loans, net charge-offs and
TDRs for each of our loan categories.
Delinquency Rates
We consider the entire balance of an account to be delinquent if the minimum required payment is not received by the customer’s
due date, measured at the reporting date. Our 30+ day delinquency metrics include all loans held for investment that are 30 or
more days past due, whereas our 30+ day performing delinquency metrics include loans that are 30 or more days past due but are
currently classified as performing and accruing interest. The 30+ day delinquency and 30+ day performing delinquency metrics
are the same for domestic credit card loans, as we continue to classify the substantial majority of domestic credit card loans as
performing until the account is charged-off, typically when the account is 180 days past due. See “Note 1—Summary of Significant
Accounting Policies” for information on our policies for classifying loans as nonperforming for each of our loan categories. We
provide additional information on our credit quality metrics above under “Business Segment Financial Performance.”