Call reports 2004
VOLKSWAGEN BANK USA — 2004
What VOLKSWAGEN BANK USA 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 | 513,431,000 | 564,387,000 | 600,139,000 | 618,208,000 |
| Total loans | 499,898,000 | 548,973,000 | 585,034,000 | 599,077,000 |
| Allowance for loan losses | 5,931,000 | 6,977,000 | 7,897,000 | 7,936,000 |
| Securities available for sale | 1,831,000 | 2,784,000 | 2,688,000 | 6,848,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 166,509,000 | 200,304,000 | 214,313,000 | 264,893,000 |
| Interest-bearing deposits | 166,509,000 | 200,304,000 | 214,313,000 | 264,893,000 |
| Noninterest-bearing deposits | 0 | 0 | 0 | 0 |
| Equity capital | 92,755,000 | 95,163,000 | 97,929,000 | 102,689,000 |
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 | 7,922,000 | 16,644,000 | 25,637,000 | 36,306,000 |
| Interest expense | 1,797,000 | 3,981,000 | 6,722,000 | 9,856,000 |
| Net interest income | 6,125,000 | 12,663,000 | 18,915,000 | 26,450,000 |
| Noninterest income | 606,000 | 1,385,000 | 2,240,000 | 3,004,000 |
| Noninterest expense | 2,285,000 | 4,491,000 | 6,013,000 | 6,453,000 |
| Provision for loan losses | 995,000 | 2,328,000 | 3,703,000 | 4,189,000 |
| Pretax income | 3,451,000 | 7,229,000 | 11,439,000 | 18,812,000 |
| Income tax | 1,211,000 | 2,536,000 | 4,013,000 | 6,594,000 |
| Net income | 2,240,000 | 4,693,000 | 7,426,000 | 12,218,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2004Q1 | 2004Q2 | 2004Q3 | 2004Q4 |
|---|---|---|---|---|
| Tier 1 capital | 92,739,000 | 95,192,000 | 97,925,000 | 102,717,000 |
| Total capital | 98,670,000 | 102,169,000 | 105,419,000 | 110,653,000 |
| Risk-weighted assets | 512,153,000 | 562,749,000 | 599,107,000 | 637,450,000 |