Call reports 2001
DIRECT MERCHANTS CREDIT CARD BANK, NATIONAL ASSOCIATION — 2001
What DIRECT MERCHANTS CREDIT CARD BANK, NATIONAL ASSOCIATION reported to the FFIEC in 2001, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2001Q1 | 2001Q2 | 2001Q3 | 2001Q4 |
|---|---|---|---|---|
| Total assets | 2,591,932,000 | 2,726,263,000 | 2,848,997,000 | 2,906,208,000 |
| Total loans | 1,391,397,000 | 2,256,804,000 | 2,641,155,000 | 2,758,628,000 |
| Allowance for loan losses | 143,117,000 | 257,898,000 | 288,548,000 | 464,727,000 |
| Securities available for sale | 2,700,000 | 2,700,000 | 3,700,000 | 3,505,000 |
| Securities held to maturity | 3,000,000 | 6,082,000 | 105,000 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 2,076,698,000 | 2,177,946,000 | 2,139,256,000 | 2,061,273,000 |
| Interest-bearing deposits | 2,075,389,000 | 2,175,945,000 | 2,136,538,000 | 2,059,008,000 |
| Noninterest-bearing deposits | 1,309,000 | 2,001,000 | 2,718,000 | 2,265,000 |
| Equity capital | 227,346,000 | 272,030,000 | 325,152,000 | 297,167,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2001Q1 | 2001Q2 | 2001Q3 | 2001Q4 |
|---|---|---|---|---|
| Interest income | 84,879,000 | 195,860,000 | 353,081,000 | 513,112,000 |
| Interest expense | 36,636,000 | 69,581,000 | 101,016,000 | 129,890,000 |
| Net interest income | 48,243,000 | 126,279,000 | 252,065,000 | 383,222,000 |
| Noninterest income | 141,724,000 | 282,613,000 | 372,262,000 | 573,092,000 |
| Noninterest expense | 105,563,000 | 220,836,000 | 296,393,000 | 453,946,000 |
| Provision for loan losses | 40,865,000 | 130,579,000 | 209,093,000 | 461,104,000 |
| Pretax income | 43,539,000 | 57,477,000 | 118,841,000 | 41,264,000 |
| Income tax | 17,634,000 | 21,888,000 | 48,130,000 | 17,038,000 |
| Net income | 26,150,000 | 35,834,000 | 70,956,000 | 24,471,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2001Q1 | 2001Q2 | 2001Q3 | 2001Q4 |
|---|---|---|---|---|
| Tier 1 capital | 227,346,000 | 272,030,000 | 325,152,000 | 297,167,000 |
| Total capital | 257,038,000 | 303,465,000 | 361,107,000 | 335,721,000 |
| Risk-weighted assets | 2,261,828,000 | 2,288,363,000 | 2,623,839,000 | 2,658,158,000 |