Capital One Reports Third Quarter 2010 Net Income of $803 Million, or $1.76 Per Diluted Share, Up from Net Income of $0.87 in the Third Quarter of 2009

Exhibit 99.1

CAPITAL ONE FINANCIAL CORPORATION (COF)

FINANCIAL & STATISTICAL SUMMARY

GAAP BASIS *

(in millions, except per share data and as noted) (unaudited)

2010
Q3

2010
Q2

2009
Q3

Earnings

Net Interest Income

$                          3,109

$                          3,097

$                      2,005

Non-Interest Income (1)(7)

$                             907

$                             807

$                      1,553

Total Revenue (2)

$                          4,016

$                          3,904

$                      3,558

Provision for Loan and Lease Losses

$                             867

$                             723

$                      1,173

Marketing Expenses

$                             250

$                             219

$                         104

Restructuring Expenses (3)

$                                  -

$                                  -

$                           26

Operating Expenses (4)

$                          1,746

$                          1,781

$                      1,672

Income Before Taxes

$                          1,153

$                          1,181

$                         583

Effective Tax Rate

29.1

%

31.2

%

25.0

%

Income From Continuing Operations, Net of Tax

$                             818

$                             812

$                         437

Loss From Discontinued Operations, Net of Tax (7)

$                              (15)

$                            (204)

$                          (43)

Net Income

$                             803

$                             608

$                         394

Net Income Available to Common Shareholders (A)

$                             803

$                             608

$                         394

Common Share Statistics

Basic EPS: (B)

  Income From Continuing Operations

$                            1.81

$                            1.79

$                        0.97

  Loss From Discontinued Operations

$                           (0.03)

$                           (0.45)

$                       (0.09)

  Net Income

$                            1.78

$                            1.34

$                        0.88

Diluted EPS: (B)

  Income From Continuing Operations

$                            1.79

$                            1.78

$                        0.96

  Loss From Discontinued Operations

$                           (0.03)

$                           (0.45)

$                       (0.09)

  Net Income

$                            1.76

$                            1.33

$                        0.87

Dividends Per Common Share

$                            0.05

$                            0.05

$                        0.05

Tangible Book Value Per Common Share (period end) (C)

$                          26.60

$                          24.89

$                      26.86

Stock Price Per Common Share (period end)

$                          39.55

$                          40.30

$                      35.73

Total Market Capitalization (period end)

$                        17,900

$                        18,228

$                    16,064

Common Shares Outstanding (period end)

452.6

452.3

449.6

Shares Used to Compute Basic EPS

452.5

452.1

449.4

Shares Used to Compute Diluted EPS

456.6

456.4

453.7

Reported Balance Sheet Statistics (period average)

Average Loans Held for Investment

$                      126,307

$                      128,203

$                    99,354

Average Earning Assets

$                      172,473

$                      174,650

$                  145,280

Total Average Assets

$                      196,586

$                      199,329

$                  173,428

Average Interest Bearing Deposits

$                      104,186

$                      104,163

$                  103,105

Total Average Deposits

$                      118,255

$                      118,484

$                  115,882

Average Equity

$                        25,307

$                        24,526

$                    26,002

Return on Average Assets (ROA)

1.66

%

1.63

%

1.01

%

Return on Average Equity (ROE)

12.93

%

13.24

%

6.72

%

Return on Average Tangible Common Equity (D)

28.95

%

30.97

%

14.75

%

Reported Balance Sheet Statistics (period end)

Loans Held for Investment

$                      126,334

$                      127,140

$                    96,714

Total Assets (E)

$                      196,928

$                      197,485

$                  168,433

Interest Bearing Deposits

$                      104,741

$                      103,172

$                  101,769

Total Deposits

$                      119,212

$                      117,331

$                  114,504

Tangible Assets(E) (F)

$                      182,904

$                      183,474

$                  154,316

Tangible Common Equity (TCE) (E) (G)

$                        12,037

$                        11,259

$                    12,075

Tangible Common Equity to Tangible Assets Ratio (E) (H)

6.58

%

6.14

%

7.82

%  

Performance Statistics (Reported) Quarter over Quarter

Net Interest Income Growth

0

%

(4)

%

3

% (5)

Non- Interest Income Growth

12

%

(24)

%

26

% (5)

Revenue Growth

3

%

(9)

%

12

% (5)

Net Interest Margin

7.21

%

7.09

%

5.52

%

Revenue Margin

9.31

%

8.94

%

9.80

%

Risk-Adjusted Margin (I)

5.78

%

5.01

%

6.69

%

Non-Interest Expense as a % of Average Loans Held for Investment (annualized)

6.32

%

6.24

%

7.25

%

Efficiency Ratio (J)

49.70

%

51.23

%

49.92

%

Asset Quality Statistics (Reported) (6)

Allowance

$                          6,175

$                          6,799

$                      4,513

Allowance as a % of Reported Loans Held for Investment

4.89

%

5.35

%

4.67

%

Net Charge-Offs

$                          1,522

$                          1,717

$                      1,128

Net Charge-Off Rate

4.82

%

5.36

%

4.54

%  

30+ day performing delinquency rate

3.71

%

3.81

%

4.12

%  

Full-time equivalent employees (in thousands)

25.7

25.7

26.0

* Effective January 1, 2010, Capital One prospectively adopted two new accounting standards that resulted in the consolidation of the majority of the Company's credit card securitization trusts. The adoption of these new accounting standards resulted in the addition of approximately $41.9 billion of assets, consisting primarily of credit card loan receivables, and a reduction of $2.9 billion in stockholders' equity as of January 1, 2010. As the new accounting standards were adopted prospectively, prior period results have not been adjusted.  See the accompanying schedule "Impact of Adopting New Accounting Guidance." While the adoption of these new accounting standards has a significant impact on the comparability of the Company's GAAP financial results prior to and subsequent to adoption, the Company's reported GAAP results after adoption are now comparable to the prior "managed" results.

CAPITAL ONE FINANCIAL CORPORATION (COF)

FINANCIAL & STATISTICAL SUMMARY

MANAGED BASIS * (for 2009 data)

(in millions, except per share data and as noted) (unaudited)

2010
Q3

2010
Q2

2009
Q3

Earnings

Net Interest Income

$               3,109

$               3,097

$                   3,212

Non-Interest Income (1)(7)

$                  907

$                  807

$                   1,373

Total Revenue (2)

$               4,016

$               3,904

$                   4,585

Provision for Loan and Lease Losses

$                  867

$                  723

$                   2,200

Marketing Expenses

$                  250

$                  219

$                      104

Restructuring Expenses (3)

$                       -

$                       -

$                        26

Operating Expenses (4)

$               1,746

$               1,781

$                   1,672

Income Before Taxes

$               1,153

$               1,181

$                      583

Effective Tax Rate

29.1

%

31.2

%

25.0

%

Income From Continuing Operations, Net of Tax

$                  818

$                  812

$                      437

Loss From Discontinued Operations, Net of Tax (7)

$                   (15)

$                 (204)

$                       (43)

Net Income

$                  803

$                  608

$                      394

Net Income Available to Common Shareholders (A)

$                  803

$                  608

$                      394

Common Share Statistics

Basic EPS: (B)

  Income From Continuing Operations

$                 1.81

$                 1.79

$                     0.97

  Loss From Discontinued Operations

$                (0.03)

$                (0.45)

$                    (0.09)

  Net Income

$                 1.78

$                 1.34

$                     0.88

Diluted EPS: (B)

  Income From Continuing Operations

$                 1.79

$                 1.78

$                     0.96

  Loss From Discontinued Operations

$                (0.03)

$                (0.45)

$                    (0.09)

  Net Income

$                 1.76

$                 1.33

$                     0.87

Dividends Per Common Share

$                 0.05

$                 0.05

$                     0.05

Tangible Book Value Per Common Share (period end) (C)

$               26.60

$               24.89

$                   26.86

Stock Price Per Common Share (period end)

$               39.55

$               40.30

$                   35.73

Total Market Capitalization (period end)

$             17,900

$             18,228

$                 16,064

Common Shares Outstanding (period end)

452.6

452.3

449.6

Shares Used to Compute Basic EPS

452.5

452.1

449.4

Shares Used to Compute Diluted EPS

456.6

456.4

453.7

Managed Balance Sheet Statistics (period average)

Average Loans Held for Investment

$           126,307

$           128,203

$               143,540

Average Earning Assets

$           172,473

$           174,650

$               185,874

Total Average Assets

$           196,586

$           199,329

$               214,655

Average Interest Bearing Deposits

$           104,186

$           104,163

$               103,105

Total Average Deposits

$           118,255

$           118,484

$               115,882

Average Equity

$             25,307

$             24,526

$                 26,002

Return on Average Assets (ROA)

1.66

%

1.63

%

0.81

%

Return on Average Equity (ROE)

12.93

%

13.24

%

6.72

%

Return on Average Tangible Common Equity (D)

28.95

%

30.97

%

14.75

%

Managed Balance Sheet Statistics (period end)

Loans Held for Investment

$           126,334

$           127,140

$               140,990

Total Assets (E)

$           196,928

$           197,485

$               209,684

Interest Bearing Deposits

$           104,741

$           103,172

$               101,769

Total Deposits

$           119,212

$           117,331

$               114,504

Tangible Assets(E) (F)

$           182,904

$           183,474

$               195,567

Tangible Common Equity (TCE) (E) (G)

$             12,037

$             11,259

$                 12,075

Tangible Common Equity to Tangible Assets Ratio (E) (H)

6.58

%

6.14

%

6.17

%

Performance Statistics (Managed) Quarter over Quarter

Net Interest Income Growth (5)

0

%

(4)

%

9

% (5)

Non-Interest Income Growth (5)

12

%

(24)

%

15

% (5)

Revenue Growth (5)

3

%

(9)

%

11

% (5)

Net Interest Margin

7.21

%

7.09

%

6.91

%

Revenue Margin

9.31

%

8.94

%

9.87

%

Risk-Adjusted Margin (I)

5.78

%

5.01

%

5.23

%

Non-Interest Expense as a % of Average Loans Held for Investment (annualized)

6.32

%

6.24

%

5.02

%

Efficiency Ratio (J)

49.70

%

51.23

%

38.74

%

Asset Quality Statistics (Managed) (6)

Net Charge-Offs

$               1,522

$               1,717

$                   2,155

Net Charge-Off Rate

4.82

%

5.36

%

6.00

%

30+ day performing delinquency rate

3.71

%

3.81

%

4.55

%

Full-time equivalent employees (in thousands)

25.7

25.7

26.0

*Prior to the adoption of the new consolidation accounting standards, management evaluated the Company and each of its lines of business results on a "managed" basis, which is a non-GAAP measure. With the adoption of the new consolidation accounting standards, the Company's reported results are comparable to the "managed" basis, which reflect the consolidation of the majority of the Company's credit card securitization trusts.  The accompanying Exhibit "Reconciliation to GAAP Financial Measures" presents a reconciliation of the Company's non-GAAP "managed" results to its GAAP results for periods prior to January 1, 2010. See the accompanying schedule "Impact of Adopting New Accounting Guidance" for additional information on the impact of new accounting standards.

CAPITAL ONE FINANCIAL CORPORATION (COF)

FINANCIAL & STATISTICAL SUMMARY NOTES

(1)

Includes the impact from the change in fair value of retained interests, including the interest-only strips, which totaled $6 million in Q3 2010, $17 million in Q2 2010 and $37 million in Q3 2009.

(2)

In accordance with the Company's finance charge and fee revenue recognition policy, amounts billed but not included in revenue totaled: $190 million in Q3 2010, $261 million in Q2 2010 and $517 million in Q3 2009.

(3)

The Company completed its 2007 restructuring initiative during 2009.

(4)

Includes core deposit intangible amortization expense of $50 million in Q3 2010, $50 million in Q2 2010 and $56 million in Q3 2009 and integration costs of $27 million in Q3 2010, $22 million in Q2 2010 and $11 million in Q3 2009.

(5)

Prior period amounts have been reclassified to conform with the current period presentation and adjusted to reflect purchase accounting refinements related to the acquisition of Chevy Chase Bank, FSB ("CCB").

(6)

The ratios excluding the impact of loans acquired as part of the CCB acquisition are as follows.

Q3 2010

Q2 2010

Q3 2009

CCB period end acquired loan portfolio (in millions)(unaudited)

$           5,891

$              6,381

$            7,885

CCB average acquired loan portfolio (in millions)(unaudited)

$           6,014

$              6,541

$            8,029

Allowance as a % of loans held for investment, excluding CCB

5.12%

5.63%

5.08%

Net charge-off rate (GAAP), excluding CCB

5.06%

5.64%

4.94%

Net charge-off rate (Managed), excluding CCB

5.06%

5.64%

6.36%

30+ day performing delinquency rate (GAAP), excluding CCB

3.89%

4.01%

4.48%

30+ day performing delinquency rate (Managed), excluding CCB

3.89%

4.01%

4.82%

(7)

During Q3 2010, Q2 2010 and Q3 2009, the Company recorded charges of $16 million, $404 million and $91 million, respectively, related to representation and warranty matters.  A portion of this expense is included in Discontinued Operations and the remainder is included in Non-Interest Income.

STATISTICS / METRIC CALCULATIONS

(A)

Consists of net income (loss) less dividends on preferred shares.

(B)

Calculated based on net income (loss) available to common shareholders.

(C)

Calculated based on tangible common equity divided by common shares outstanding, which is a non-GAAP measure.  See page 4 for a reconciliation of our tangible common equity.

(D)

Calculated based on income from continuing operations divided by average tangible common equity, which is a non-GAAP measure. See page 4, Reconciliation To GAAP Financial Measures for a reconciliation of average equity to average tangible common equity.

(E)

Calculated based on continuing operations, except for Average Equity and Return on Average Equity (ROE), which are based on average stockholders' equity.

(F)

Consists of reported or managed assets less intangible assets and is a non-GAAP measure.  See page 4, Reconciliation To GAAP Financial Measures for a reconciliation of this measure to the reported common equity ratio.

(G)

Consists of stockholders' equity, intangible assets and the related deferred tax liabilities.  

(H)

Tangible Common Equity to Tangible Assets Ratio ("TCE Ratio") is a non-GAAP measure. See page 4, Reconciliation To GAAP Financial Measures for a reconciliation of this measure to the reported common equity ratio.

(I)

Calculated based on total revenue less net charge-offs divided by average earning assets, expressed as a percentage.

(J)

Calculated based on non-interest expense less restructuring expense divided by total revenue.

CAPITAL ONE FINANCIAL CORPORATION 

REGULATORY AND NON-GAAP CAPITAL MEASURES

In addition to disclosing required regulatory measures, the Company also reports certain non-GAAP capital measures that management uses in assessing its capital adequacy.  These measures include average tangible common equity, tangible common equity (TCE), TCE ratio, Tier 1 common equity and Tier 1 common equity ratio.  The table below provides the details of the calculation of each of these measures. While these non-GAAP capital measures are widely used by investors, analysts and bank regulatory agencies to assess the capital position of financial services companies, they may not be comparable to similarly titled measures reported by other companies.

2010

2010

2009

(dollars in millions)(unaudited)

Q3*

Q2*

Q3

Average Equity to Average Tangible Common Equity

Average Equity

$                       25,307

$                       24,526

$                      26,002

Less: Average Intangible Assets ⁽¹⁾

(14,003)

(14,039)

(14,151)

Average Tangible Common Equity

$                       11,304

$                       10,487

$                      11,851

Period End Equity Tangible Common Equity

Stockholders' Equity

$                       26,061

$                       25,270

$                      26,192

Less: Intangible Assets ⁽¹⁾

(14,024)

(14,011)

(14,117)

Period End Tangible Common Equity

$                       12,037

$                       11,259

$                      12,075

Tangible Assets

Total Assets

$                     196,933

$                     197,489

$                    168,464

Less: Discontinued Operations Assets

(5)

(4)

(31)

Total Assets-Continuing Operations

196,928

197,485

168,433

Less: Intangible Assets ⁽¹⁾

(14,024)

(14,011)

(14,117)

Period End Tangible Assets

$                     182,904

$                     183,474

$                    154,316

TCE ratio ⁽²⁾

6.58

%

6.14

%

7.82

%

Reconciliation of Period End Assets to Tangible Assets on a Managed Basis (for 2009) *

Total Assets

$                     196,933

$                     197,489

$                    168,464

Securitization Adjustment ⁽³⁾

-

-

41,251

Total Assets on a Managed Basis

196,933

197,489

209,715

Less: Assets-Discontinued Operations

(5)

(4)

(31)

Total Assets-Continuing Operations

196,928

197,485

209,684

Less: Intangible Assets ⁽¹⁾

(14,024)

(14,011)

(14,117)

Period End Tangible Assets

$                     182,904

$                     183,474

$                    195,567

TCE ratio ⁽²⁾

6.58

%

6.14

%

6.17

%

Tier 1 Common Equity AND Tier 1 Capital

Common Stockholders' Equity

$                       26,061

$                       25,270

$                      26,192

Less:  Net Unrealized Gains (Losses) on Available-For-Sale Securities ⁽⁷⁾

580

661

230

Less:  Accumulated Net Gains (Losses) on Cash Flow Hedges ⁽⁷⁾

(79)

(73)

(127)

Less:  Disallowed Goodwill and Other Intangibles

13,993

14,023

14,103

Less:  Disallowed Deferred Tax Assets

1,326

1,977

-

Less:  Other

2

2

(20)

Tier 1 Common Equity

10,239

8,680

12,006

Tier 1 Restricted Core Capital Items ⁽⁴⁾

3,636

3,637

2,641

Total Tier 1 Common Capital

$                       13,875

$                       12,317

$                      14,647

Risk-Weighted Assets

$                     124,431

$                     124,038

$                    123,227

Tier 1 Common Equity Ratio ^{(5) (6)}

8.23%

7.00%

9.74%

Tier 1 Risk Based Capital Ratio ^{(5) (8)}

11.15%

9.93%

11.89%

⁽¹⁾ Includes impact from related deferred taxes.

⁽²⁾ Calculated based on tangible common equity divided by tangible assets.

⁽³⁾ Adjustments to our GAAP results to reflect loans that have been securitized and sold as though the loans remained on our consolidated balance sheet.

⁽⁴⁾ Consists primarily of trust preferred securities

⁽⁵⁾  Ratios as of the end of Q3 2010 are preliminary.

⁽⁶⁾ Calculated based on Tier 1 common equity divided by risk-weighted assets.

⁽⁷⁾ Amounts are net of tax impacts.

⁽⁸⁾ Calculated based on Tier 1 capital divided by risk-weighted assets.

* In addition to analyzing the Company's results on a reported basis, management previously evaluated Capital One's results on a "managed" basis, which consisted of non-GAAP financial measures.  Capital One's managed results reflected the Company's reported results, adjusted to reflect the consolidation of the majority of the Company's credit securitization trusts.  Because of the January 1, 2010, adoption of the new consolidation accounting standards, the Company's consolidated reported results subsequent to January 1, 2010 are comparable to its "managed" results.  The accompanying Exhibit "Reconciliation to GAAP Financial Measures" presents a reconciliation of the Company's non-GAAP "managed" results to its GAAP results for periods prior to January 1, 2010.

Capital One Financial Corporation

Impact of Adopting New Accounting Guidance

Consolidation of VIEs

Opening Balance Sheet

VIE Consolidation

Ending Balance Sheet

(dollars in millions)(unaudited)

January 1, 2010

Impact

December 31, 2009

Assets:

Cash and due from banks

$                                 12,683

$                               3,998

$                                        8,685

Loans held for investment

138,184

47,565

90,619

Allowance for loan and lease losses

(8,391)

(4,264)

(2)

(4,127)

Net loans held for investment

129,793

43,301

86,492

Accounts receivable from securitizations

166

(7,463)

7,629

Other assets

68,869

(1)

2,029

66,840

Total assets

211,511

41,865

169,646

Liabilities:

Securitization liability

48,300

44,346

3,954

Other liabilities

139,561

458

139,103

Total liabilities

187,861

44,804

143,057

Stockholders' equity

23,650

(2,939)

(2)

26,589

Total liabilities and stockholders' equity

$                               211,511

$                             41,865

$                                    169,646

Allocation of the Allowance by Segment

(dollars in millions)(unaudited)

January 1, 2010

Consolidation Impact

December 31, 2009

  Domestic credit card

$                                   5,590

$                               3,663

(2)

$                                        1,927

  International credit card

727

528

199

Total credit card

6,317

4,191

2,126

  Commercial and multi-family real estate

471

-

471

  Middle market

131

-

131

  Specialty lending

90

-

90

Total commercial lending

692

-

692

  Small ticket commercial real estate

93

-

93

Total commercial banking

785

-

785

  Automobile

665

-

665

  Mortgage (includes all new CCB originations)

248

73

(3)

175

  Other retail

236

-

236

Total consumer banking

1,149

73

1,076

  Other

140

-

140

Total company

$                                   8,391

$                               4,264

$                                        4,127

(1) Included within the "Other assets" line item is a deferred tax asset of $3.9 billion, of which $1.6 billion related to the January 1, 2010, adoption of the new consolidation accounting standards.

(2) An adjustment of $34 million to retained earnings and the allowance for loan and lease losses was made in the second quarter of 2010 for the impact of impairment on consolidated loans accounted for troubled debt restructurings. These adjustments are not reflected in the above table.

(3) $73 million of the reduction in the allowance for the first quarter of 2010 is associated with the deconsolidation of certain mortgage trusts. This reduction in the allowance is recorded in non-interest income.

CAPITAL ONE FINANCIAL CORPORATION

Consolidated Statements of Income

(in millions, except per share data)(unaudited)

Three Months Ended

Nine Months Ended

September 30,

June 30,

September 30,

September 30,

September 30,

2010

2010

2009 (1)

2010

2009 (1)

Interest Income:

Loans held for investment, including past-due fees

$             3,447

$

3,476

$

2,220

$

10,582

$

6,649

Investment securities

347

342

399

1,037

1,206

Other

21

17

83

60

214

Total interest income

3,815

3,835

2,702

11,679

8,069

Interest Expense:

Deposits

358

368

479

1,125

1,666

Securitized debt

191

212

63

644

228

Senior and subordinated notes

72

72

74

211

189

Other borrowings

85

86

81

265

243

Total interest expense

706

738

697

2,245

2,326

Net interest income

3,109

3,097

2,005

9,434

5,743

Provision for loan and lease losses

867

723

1,173

3,069

3,386

Net interest income after provision for loan and lease losses

2,242

2,374

832

6,365

2,357

Non-Interest Income:

Servicing and securitizations

9

21

721

(6)

1,537

Service charges and other customer-related fees

496

496

496

1,577

1,494

Interchange

346

333

123

991

389

Net other-than-temporary impairment losses recognized in earnings

(1)

(26)

(11)

(59)

(22)

Other

57

(17)

224

272

476

Total non-interest income

907

807

1,553

2,775

3,874

Non-Interest Expense:

Salaries and associate benefits

641

650

648

1,937

1,837

Marketing

250

219

104

650

400

Communications and data processing

178

164

176

512

569

Supplies and equipment

129

129

123

381

370

Occupancy

135

117

114

371

329

Restructuring expense (2)

-

-

26

-

87

Other

663

721

611

1,992

1,877

Total non-interest expense

1,996

2,000

1,802

5,843

5,469

Income from continuing operations before income taxes

1,153

1,181

583

3,297

762

Income tax provision

335

369

146

948

179

Income from continuing operations, net of tax

818

812

437

2,349

583

Loss from discontinued operations, net of tax

(15)

(204)

(43)

(303)

(75)

Net income

$                803

$

608

$

394

$

2,046

$

508

Preferred stock dividends

-

-

-

-

(564)

Net income (loss) available to common shareholders

$                803

$

608

$

394

$

2,046

$

(56)

Basic earnings per common share:

Income (loss) from continuing operations

$               1.81

$

1.79

$

0.97

$

5.19

$

0.04

Loss from discontinued operations

(0.03)

(0.45)

(0.09)

(0.66)

(0.18)

Net Income (loss) per common share

$               1.78

$

1.34

$

0.88

$

4.53

$

(0.13)

Diluted earnings per common share:

Income (loss) from continuing operations

$               1.79

$

1.78

$

0.96

$

5.15

$

0.04

Loss from discontinued operations

(0.03)

(0.45)

(0.09)

(0.66)

(0.18)

Net Income (loss) per common share

$               1.76

$

1.33

$

0.87

$

4.49

$

(0.13)

Dividends paid per common share

$               0.05

$

0.05

$

0.05

$

0.15

$

0.48

(1) Certain prior period amounts have been revised to conform to the current period presentation.

(2) The Company completed its 2007 restructuring initiative during 2009.

CAPITAL ONE FINANCIAL CORPORATION

Consolidated Balance Sheets

(in millions)(unaudited)

As of

As of

As of

September 30

December 31

September 30

2010

2009 (1)

2009 (1)

Assets:

Cash and due from banks

$                    2,015

$                    3,100

$               2,719

Interest-bearing deposits with banks

2,391

5,043

863

Federal funds sold and repurchase agreements

536

542

545

Cash and cash equivalents

4,942

8,685

4,127

Restricted cash for securitization investors

2,686

501

547

Investment in securities:

Available for sale, at fair value

39,926

38,830

37,693

Held to maturity, at amortized cost

-

80

84

Total investment in securities

39,926

38,910

37,777

Loans held for investment:

Unsecuritized loans held for investment, at amortized cost

74,719

75,097

78,392

Restricted loans for securitization investors

51,615

15,522

18,322

Total loans held for investment

126,334

90,619

96,714

Less: Allowance for loan and lease losses

(6,175)

(4,127)

(4,513)

Net loans held for investment

120,159

86,492

92,201

Loans held for sale, at lower-of-cost-or-fair-value

197

268

141

Accounts receivable from securitizations

127

7,128

6,438

Premises and equipment, net

2,722

2,736

2,773

Interest receivable

1,025

936

911

Goodwill

13,593

13,596

13,565

Other

11,556

10,394

9,984

Total assets

$                196,933

$                169,646

$           168,464

Liabilities:

Interest payable

$                       464

$                       509

$                  583

Customer deposits

119,212

115,809

114,504

Securitized debt obligations

29,504