Call reports 2005
VOLKSWAGEN BANK USA — 2005
What VOLKSWAGEN BANK USA reported to the FFIEC in 2005, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2005Q1 | 2005Q2 | 2005Q3 | 2005Q4 |
|---|---|---|---|---|
| Total assets | 649,650,000 | 688,081,000 | 702,395,000 | 697,327,000 |
| Total loans | 627,332,000 | 664,769,000 | 678,887,000 | 674,058,000 |
| Allowance for loan losses | 7,819,000 | 7,845,000 | 7,582,000 | 7,406,000 |
| Securities available for sale | 6,746,000 | 7,606,000 | 7,127,000 | 7,796,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 300,723,000 | 348,351,000 | 348,934,000 | 553,070,000 |
| Interest-bearing deposits | 300,723,000 | 348,351,000 | 348,934,000 | 553,070,000 |
| Noninterest-bearing deposits | 0 | 0 | 0 | 0 |
| Equity capital | 104,692,000 | 107,945,000 | 112,217,000 | 116,358,000 |
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 | 2005Q4 |
|---|---|---|---|---|
| Interest income | 7,962,000 | 18,694,000 | 31,438,000 | 45,011,000 |
| Interest expense | 3,601,000 | 7,968,000 | 12,778,000 | 17,976,000 |
| Net interest income | 4,361,000 | 10,726,000 | 18,660,000 | 27,035,000 |
| Noninterest income | 595,000 | 1,303,000 | 2,192,000 | 3,269,000 |
| Noninterest expense | 1,505,000 | 3,230,000 | 4,947,000 | 7,407,000 |
| Provision for loan losses | 289,000 | 703,000 | 1,114,000 | 1,696,000 |
| Pretax income | 3,162,000 | 8,096,000 | 14,791,000 | 21,201,000 |
| Income tax | 1,109,000 | 2,838,000 | 5,183,000 | 7,432,000 |
| Net income | 2,053,000 | 5,258,000 | 9,608,000 | 13,769,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2005Q1 | 2005Q2 | 2005Q3 | 2005Q4 |
|---|---|---|---|---|
| Tier 1 capital | 104,770,000 | 107,975,000 | 112,324,000 | 116,486,000 |
| Total capital | 112,589,000 | 115,820,000 | 119,906,000 | 123,892,000 |
| Risk-weighted assets | 669,434,000 | 710,428,000 | 726,562,000 | 737,186,000 |