Call reports 2002
DIRECT MERCHANTS CREDIT CARD BANK, NATIONAL ASSOCIATION — 2002
What DIRECT MERCHANTS CREDIT CARD BANK, NATIONAL ASSOCIATION reported to the FFIEC in 2002, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2002Q1 | 2002Q2 | 2002Q3 | 2002Q4 |
|---|---|---|---|---|
| Total assets | 2,283,976,000 | 1,887,893,000 | 1,626,385,000 | 1,417,615,000 |
| Total loans | 2,209,944,000 | 1,315,878,000 | 763,951,000 | 845,456,000 |
| Allowance for loan losses | 416,260,000 | 275,049,000 | 120,738,000 | 90,085,000 |
| Securities available for sale | 3,485,000 | 393,136,000 | 554,896,000 | 321,986,000 |
| Securities held to maturity | 0 | 3,485,000 | 3,470,000 | 3,470,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 1,728,986,000 | 1,324,668,000 | 1,101,513,000 | 895,253,000 |
| Interest-bearing deposits | 1,726,885,000 | 1,322,861,000 | 1,100,229,000 | 893,754,000 |
| Noninterest-bearing deposits | 2,101,000 | 1,807,000 | 1,284,000 | 1,499,000 |
| Equity capital | 349,881,000 | 351,877,000 | 376,827,000 | 385,480,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2002Q1 | 2002Q2 | 2002Q3 | 2002Q4 |
|---|---|---|---|---|
| Interest income | 122,403,000 | 206,802,000 | 246,809,000 | 294,521,000 |
| Interest expense | 24,432,000 | 42,779,000 | 57,259,000 | 69,498,000 |
| Net interest income | 97,971,000 | 164,023,000 | 189,550,000 | 225,023,000 |
| Noninterest income | 138,572,000 | 267,551,000 | 403,928,000 | 512,778,000 |
| Noninterest expense | 105,240,000 | 206,762,000 | 301,141,000 | 371,525,000 |
| Provision for loan losses | 61,811,000 | 151,993,000 | 178,882,000 | 220,305,000 |
| Pretax income | 69,492,000 | 72,819,000 | 113,455,000 | 145,971,000 |
| Income tax | 27,797,000 | 29,128,000 | 44,814,000 | 57,656,000 |
| Net income | 41,695,000 | 43,691,000 | 68,641,000 | 88,313,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2002Q1 | 2002Q2 | 2002Q3 | 2002Q4 |
|---|---|---|---|---|
| Tier 1 capital | 349,881,000 | 347,603,000 | 375,449,000 | 385,480,000 |
| Total capital | 380,679,000 | 368,252,000 | 395,018,000 | 402,711,000 |
| Risk-weighted assets | 2,078,411,000 | 1,397,553,000 | 1,464,311,000 | 1,305,652,000 |