Call reports 2003
VOLKSWAGEN BANK USA — 2003
What VOLKSWAGEN BANK USA 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 | 361,993,000 | 380,333,000 | 431,082,000 | 477,557,000 |
| Total loans | 355,820,000 | 372,999,000 | 422,666,000 | 465,128,000 |
| Allowance for loan losses | 3,344,000 | 3,599,000 | 4,749,000 | 5,381,000 |
| Securities available for sale | 0 | 0 | 0 | 1,971,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 136,640,000 | 136,524,000 | 140,203,000 | 157,810,000 |
| Interest-bearing deposits | 136,640,000 | 136,524,000 | 140,203,000 | 157,810,000 |
| Noninterest-bearing deposits | 0 | 0 | 0 | 0 |
| Equity capital | 81,897,000 | 84,509,000 | 86,999,000 | 90,500,000 |
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 | 8,077,000 | 15,948,000 | 24,234,000 | 33,179,000 |
| Interest expense | 1,665,000 | 3,342,000 | 4,771,000 | 6,450,000 |
| Net interest income | 6,412,000 | 12,606,000 | 19,463,000 | 26,729,000 |
| Noninterest income | 161,000 | 548,000 | 970,000 | 1,429,000 |
| Noninterest expense | 1,149,000 | 3,122,000 | 5,236,000 | 6,572,000 |
| Provision for loan losses | 791,000 | 1,381,000 | 2,692,000 | 3,709,000 |
| Pretax income | 4,633,000 | 8,651,000 | 12,505,000 | 17,877,000 |
| Income tax | 1,622,000 | 3,028,000 | 4,392,000 | 6,264,000 |
| Net income | 3,011,000 | 5,623,000 | 8,113,000 | 11,613,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2003Q1 | 2003Q2 | 2003Q3 | 2003Q4 |
|---|---|---|---|---|
| Tier 1 capital | 81,897,000 | 84,509,000 | 86,999,000 | 90,499,000 |
| Total capital | 85,241,000 | 88,108,000 | 91,747,000 | 95,880,000 |
| Risk-weighted assets | 360,028,000 | 378,446,000 | 429,610,000 | 476,553,000 |