Segment Disclosures |
The following table presents segment data for the three and six months ended June 30, 2013 and 2012 (dollars in millions): | | | | | | | | | | | | | For the Three Months Ended | Direct Banking | | Payment Services | | Total | June 30, 2013 | | | | | | Interest income | | | | | | Credit card | $ | 1,463 |
| | $ | — |
| | $ | 1,463 |
| Private student loans | 61 |
| | — |
| | 61 |
| PCI student loans | 68 |
| | — |
| | 68 |
| Personal loans | 109 |
| | — |
| | 109 |
| Other | 26 |
| | — |
| | 26 |
| Total interest income | 1,727 |
| | — |
| | 1,727 |
| Interest expense | 297 |
| | — |
| | 297 |
| Net interest income | 1,430 |
| | — |
| | 1,430 |
| Provision for loan losses | 225 |
| | 15 |
| | 240 |
| Other income | 531 |
| | 80 |
| | 611 |
| Other expense | 734 |
| | 86 |
| | 820 |
| Income before income tax expense | $ | 1,002 |
| | $ | (21 | ) | | $ | 981 |
| | | | | | | | Direct Banking | | Payment Services | | Total | June 30, 2012 | | | | | | Interest income | | | | | | Credit card | $ | 1,411 |
| | $ | — |
| | $ | 1,411 |
| Private student loans | 45 |
| | — |
| | 45 |
| PCI student loans | 76 |
| | — |
| | 76 |
| Personal loans | 89 |
| | — |
| | 89 |
| Other | 25 |
| | — |
| | 25 |
| Total interest income | 1,646 |
| | — |
| | 1,646 |
| Interest expense | 332 |
| | — |
| | 332 |
| Net interest income | 1,314 |
| | — |
| | 1,314 |
| Provision for loan losses | 262 |
| | — |
| | 262 |
| Other income | 465 |
| | 87 |
| | 552 |
| Other expense | 721 |
| | 37 |
| | 758 |
| Income before income tax expense | $ | 796 |
| | $ | 50 |
| | $ | 846 |
| | | | | | | | | | | | |
| | | | | | | | | | | | | For the Six Months Ended | Direct Banking | | Payment Services | | Total | June 30, 2013 | | | | | | Interest income | | | | | | Credit card | $ | 2,914 |
| | $ | — |
| | $ | 2,914 |
| Private student loans | 119 |
| | — |
| | 119 |
| PCI student loans | 138 |
| | — |
| | 138 |
| Personal loans | 212 |
| | — |
| | 212 |
| Other | 52 |
| | — |
| | 52 |
| Total interest income | 3,435 |
| | — |
| | 3,435 |
| Interest expense | 595 |
| | — |
| | 595 |
| Net interest income | 2,840 |
| | — |
| | 2,840 |
| Provision for loan losses | 384 |
| | 15 |
| | 399 |
| Other income | 1,026 |
| | 167 |
| | 1,193 |
| Other expense | 1,447 |
| | 126 |
| | 1,573 |
| Income before income tax expense | $ | 2,035 |
| | $ | 26 |
| | $ | 2,061 |
| | | | | | | | Direct Banking | | Payment Services | | Total | June 30, 2012 | | | | | | Interest income | | | | | | Credit card | $ | 2,825 |
| | $ | — |
| | $ | 2,825 |
| Private student loans | 88 |
| | — |
| | 88 |
| PCI student loans | 153 |
| | — |
| | 153 |
| Personal loans | 173 |
| | — |
| | 173 |
| Other | 48 |
| | — |
| | 48 |
| Total interest income | 3,287 |
| | — |
| | 3,287 |
| Interest expense | 681 |
| | — |
| | 681 |
| Net interest income | 2,606 |
| | — |
| | 2,606 |
| Provision for loan losses | 346 |
| | — |
| | 346 |
| Other income | 894 |
| | 169 |
| | 1,063 |
| Other expense | 1,359 |
| | 71 |
| | 1,430 |
| Income before income tax expense | $ | 1,795 |
| | $ | 98 |
| | $ | 1,893 |
| | | | | | |
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