EX-99.1 2 dex991.htm MONTHLY CHARGE-OFF AND DELINQUENCY STATISTICS Monthly Charge-off and Delinquency Statistics

Exhibit 99.1

Capital One Financial Corporation

Monthly Charge-off and Delinquency Statistics

As of and for the month ended November 30, 2009

(dollars in thousands)

 

Domestic Card Metrics

   November 2009  

Net Principal Charge-Offs

   $ 480,084   

Average Loans Held for Investment

   $ 60,026,302   

Annualized Net Charge-Off Rate

     9.60

30 Days + Delinquencies

   $ 3,517,484   

Period-end Loans Held for Investment

   $ 59,872,204   

30 Days + Delinquency Rate

     5.87

Auto Finance Metrics

      

Net Principal Charge-Offs

   $ 57,375   

Average Loans Held for Investment

   $ 18,759,469   

Annualized Net Charge-Off Rate

     3.67

30 Days + Delinquencies

   $ 1,776,988   

Period-end Loans Held for Investment

   $ 18,561,196   

30 Days + Delinquency Rate

     9.57

International Card Metrics

      

Net Principal Charge-Offs

   $ 65,406   

Average Loans Held for Investment

   $ 8,260,900   

Annualized Net Charge-Off Rate

     9.50

30 Days + Delinquencies

   $ 549,829   

Period-end Loans Held for Investment

   $ 8,331,412   

30 Days + Delinquency Rate

     6.60

Reconciliation to GAAP Measures

Our “managed” consolidated financial statements reflect adjustments made related to effects of securitization transactions qualifying as sales under accounting principles generally accepted in the United States (“GAAP”). We generate earnings from our “managed” loan portfolio which includes both the on-balance sheet loans and off-balance sheet loans. Our “managed” income statement takes the components of the servicing and securitizations income generated from the securitized portfolio and distributes the revenue and expense to appropriate income statement line items from which they originated. For this reason, we believe the “managed” consolidated financial statements and related managed metrics to be useful to stakeholders.

Net Charge-Off Rate

Average Loans Held for Investment used in the calculation of the Annualized Net Charge-Off Rate includes an estimate of the uncollectible portion of finance charge and fee receivables. We recognize earned finance charges and fee income on open ended loans according to the contractual provisions of the credit arrangements. When we do not expect full payment of finance charges and fees, we do not accrue the estimated uncollectible portion as income. The estimated uncollectible portion of finance charges and fees is adjusted quarterly.

 

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