Call reports 2003
DIRECT MERCHANTS CREDIT CARD BANK, NATIONAL ASSOCIATION — 2003
What DIRECT MERCHANTS CREDIT CARD BANK, NATIONAL ASSOCIATION reported to the FFIEC in 2003, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2003Q1 | 2003Q2 | 2003Q3 | 2003Q4 |
|---|---|---|---|---|
| Total assets | 1,178,881,000 | 1,005,844,000 | 314,205,000 | 326,176,000 |
| Total loans | 682,285,000 | 626,303,000 | 104,813,000 | 108,450,000 |
| Allowance for loan losses | 125,085,000 | 107,528,000 | 40,131,000 | 33,780,000 |
| Securities available for sale | 331,414,000 | 289,694,000 | 153,612,000 | 152,433,000 |
| Securities held to maturity | 3,445,000 | 3,445,000 | 2,980,000 | 2,345,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 803,348,000 | 643,687,000 | 7,782,000 | 7,511,000 |
| Interest-bearing deposits | 802,498,000 | 642,934,000 | 7,298,000 | 7,262,000 |
| Noninterest-bearing deposits | 850,000 | 753,000 | 484,000 | 249,000 |
| Equity capital | 246,484,000 | 250,934,000 | 213,110,000 | 241,339,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2003Q1 | 2003Q2 | 2003Q3 | 2003Q4 |
|---|---|---|---|---|
| Interest income | 47,534,000 | 90,979,000 | 125,879,000 | 132,313,000 |
| Interest expense | 10,906,000 | 20,505,000 | 28,384,000 | 28,417,000 |
| Net interest income | 36,628,000 | 70,474,000 | 97,495,000 | 103,896,000 |
| Noninterest income | 108,247,000 | 207,515,000 | 311,709,000 | 402,312,000 |
| Noninterest expense | 74,940,000 | 144,825,000 | 277,528,000 | 329,230,000 |
| Provision for loan losses | 43,776,000 | 73,534,000 | 101,508,000 | 99,893,000 |
| Pretax income | 26,159,000 | 59,630,000 | 30,168,000 | 77,085,000 |
| Income tax | 10,333,000 | 23,554,000 | 11,916,000 | 30,426,000 |
| Net income | 15,826,000 | 36,076,000 | 18,252,000 | 46,659,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2003Q1 | 2003Q2 | 2003Q3 | 2003Q4 |
|---|---|---|---|---|
| Tier 1 capital | 245,580,000 | 249,917,000 | 209,392,000 | 238,328,000 |
| Total capital | 256,335,000 | 259,364,000 | 211,557,000 | 240,868,000 |
| Risk-weighted assets | 746,038,000 | 657,691,000 | 135,271,000 | 171,999,000 |