Call reports 2004
DIRECT MERCHANTS CREDIT CARD BANK, NATIONAL ASSOCIATION — 2004
What DIRECT MERCHANTS CREDIT CARD BANK, NATIONAL ASSOCIATION reported to the FFIEC in 2004, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2004Q1 | 2004Q2 | 2004Q3 | 2004Q4 |
|---|---|---|---|---|
| Total assets | 378,995,000 | 344,609,000 | 344,039,000 | 343,489,000 |
| Total loans | 98,549,000 | 69,764,000 | 67,976,000 | 66,059,000 |
| Allowance for loan losses | 15,218,000 | 13,662,000 | 12,949,000 | 11,264,000 |
| Securities available for sale | 167,042,000 | 187,076,000 | 179,681,000 | 199,420,000 |
| Securities held to maturity | 1,845,000 | 1,595,000 | 1,560,000 | 1,360,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 6,822,000 | 5,291,000 | 4,403,000 | 4,076,000 |
| Interest-bearing deposits | 6,621,000 | 5,072,000 | 4,235,000 | 3,907,000 |
| Noninterest-bearing deposits | 201,000 | 219,000 | 168,000 | 169,000 |
| Equity capital | 252,739,000 | 250,828,000 | 247,846,000 | 245,914,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2004Q1 | 2004Q2 | 2004Q3 | 2004Q4 |
|---|---|---|---|---|
| Interest income | 6,806,000 | 11,545,000 | 15,983,000 | 20,906,000 |
| Interest expense | 35,000 | 65,000 | 91,000 | 113,000 |
| Net interest income | 6,771,000 | 11,480,000 | 15,892,000 | 20,793,000 |
| Noninterest income | 79,386,000 | 149,106,000 | 214,571,000 | 276,902,000 |
| Noninterest expense | 52,349,000 | 95,973,000 | 137,230,000 | 180,811,000 |
| Provision for loan losses | -2,363,000 | -1,451,000 | -12,000 | 423,000 |
| Pretax income | 36,171,000 | 66,064,000 | 93,245,000 | 116,461,000 |
| Income tax | 14,271,000 | 26,075,000 | 36,738,000 | 45,886,000 |
| Net income | 21,900,000 | 39,989,000 | 56,507,000 | 70,575,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2004Q1 | 2004Q2 | 2004Q3 | 2004Q4 |
|---|---|---|---|---|
| Tier 1 capital | 249,945,000 | 248,763,000 | 247,417,000 | 244,555,000 |
| Total capital | 252,827,000 | 251,365,000 | 249,775,000 | 247,377,000 |
| Risk-weighted assets | 218,249,000 | 197,101,000 | 178,060,000 | 217,708,000 |