Call reports 2005
DIRECT MERCHANTS CREDIT CARD BANK, NATIONAL ASSOCIATION — 2005
What DIRECT MERCHANTS CREDIT CARD BANK, NATIONAL ASSOCIATION reported to the FFIEC in 2005, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2005Q1 | 2005Q2 | 2005Q3 |
|---|---|---|---|
| Total assets | 337,759,000 | 201,738,000 | 194,213,000 |
| Total loans | 60,243,000 | 1,215,000 | 1,398,000 |
| Allowance for loan losses | 9,167,000 | 150,000 | 246,000 |
| Securities available for sale | 180,129,000 | 111,542,000 | 87,464,000 |
| Securities held to maturity | 1,350,000 | 1,220,000 | 1,220,000 |
| Trading assets | 0 | 0 | 0 |
| Total deposits | 3,254,000 | 3,132,000 | 2,761,000 |
| Interest-bearing deposits | 3,121,000 | 3,105,000 | 2,725,000 |
| Noninterest-bearing deposits | 133,000 | 27,000 | 36,000 |
| Equity capital | 244,410,000 | 114,685,000 | 110,266,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2005Q1 | 2005Q2 | 2005Q3 |
|---|---|---|---|
| Interest income | 5,054,000 | 8,059,000 | 9,521,000 |
| Interest expense | 19,000 | 39,000 | 56,000 |
| Net interest income | 5,035,000 | 8,020,000 | 9,465,000 |
| Noninterest income | 59,368,000 | 115,630,000 | 171,261,000 |
| Noninterest expense | 42,860,000 | 84,308,000 | 127,447,000 |
| Provision for loan losses | -728,000 | -4,819,000 | -5,056,000 |
| Pretax income | 22,271,000 | 44,161,000 | 58,335,000 |
| Income tax | 8,775,000 | 17,390,000 | 22,983,000 |
| Net income | 13,496,000 | 26,771,000 | 35,352,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2005Q1 | 2005Q2 | 2005Q3 |
|---|---|---|---|
| Tier 1 capital | 243,051,000 | 113,761,000 | 109,544,000 |
| Total capital | 245,572,000 | 113,911,000 | 109,790,000 |
| Risk-weighted assets | 195,014,000 | 79,833,000 | 64,866,000 |