Call reports 2002
VOLKSWAGEN BANK USA — 2002
What VOLKSWAGEN BANK USA 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 | 423,632,000 | 387,678,000 | 354,284,000 | 357,232,000 |
| Total loans | 414,918,000 | 381,972,000 | 348,700,000 | 351,350,000 |
| Allowance for loan losses | 3,346,000 | 3,357,000 | 3,412,000 | 3,281,000 |
| Securities available for sale | 0 | 0 | 0 | 0 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 0 | 6,889,000 | 108,897,000 | 145,296,000 |
| Interest-bearing deposits | 0 | 6,889,000 | 108,897,000 | 145,296,000 |
| Noninterest-bearing deposits | 0 | 0 | 0 | 0 |
| Equity capital | 68,494,000 | 71,788,000 | 75,222,000 | 78,886,000 |
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 | 9,546,000 | 18,921,000 | 27,886,000 | 36,364,000 |
| Interest expense | 3,181,000 | 6,253,000 | 8,566,000 | 10,300,000 |
| Net interest income | 6,365,000 | 12,668,000 | 19,320,000 | 26,064,000 |
| Noninterest income | 33,000 | 177,000 | 327,000 | 477,000 |
| Noninterest expense | 1,017,000 | 2,093,000 | 3,212,000 | 4,098,000 |
| Provision for loan losses | 5,000 | 309,000 | 709,000 | 1,067,000 |
| Pretax income | 5,376,000 | 10,443,000 | 15,726,000 | 21,376,000 |
| Income tax | 1,882,000 | 3,655,000 | 5,504,000 | 7,490,000 |
| Net income | 3,494,000 | 6,788,000 | 10,222,000 | 13,886,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2002Q1 | 2002Q2 | 2002Q3 | 2002Q4 |
|---|---|---|---|---|
| Tier 1 capital | 68,494,000 | 71,788,000 | 75,222,000 | 78,886,000 |
| Total capital | 71,840,000 | 75,145,000 | 78,635,000 | 82,167,000 |
| Risk-weighted assets | 420,760,000 | 385,453,000 | 352,413,000 | 355,623,000 |