Call reports 2006
VOLKSWAGEN BANK USA — 2006
What VOLKSWAGEN BANK USA reported to the FFIEC in 2006, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2006Q1 | 2006Q2 | 2006Q3 | 2006Q4 |
|---|---|---|---|---|
| Total assets | 684,822,000 | 682,374,000 | 673,458,000 | 665,342,000 |
| Total loans | 661,245,000 | 658,199,000 | 649,407,000 | 645,636,000 |
| Allowance for loan losses | 6,949,000 | 6,473,000 | 6,210,000 | 5,149,000 |
| Securities available for sale | 7,581,000 | 7,408,000 | 7,130,000 | 8,027,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 546,550,000 | 541,623,000 | 522,863,000 | 488,433,000 |
| Interest-bearing deposits | 546,550,000 | 541,623,000 | 522,863,000 | 488,433,000 |
| Noninterest-bearing deposits | 0 | 0 | 0 | 0 |
| Equity capital | 120,525,000 | 124,378,000 | 128,541,000 | 132,571,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2006Q1 | 2006Q2 | 2006Q3 | 2006Q4 |
|---|---|---|---|---|
| Interest income | 12,023,000 | 24,741,000 | 37,445,000 | 49,757,000 |
| Interest expense | 5,337,000 | 10,978,000 | 16,894,000 | 22,853,000 |
| Net interest income | 6,686,000 | 13,763,000 | 20,551,000 | 26,904,000 |
| Noninterest income | 1,066,000 | 2,181,000 | 3,477,000 | 4,504,000 |
| Noninterest expense | 1,741,000 | 3,856,000 | 5,782,000 | 7,634,000 |
| Provision for loan losses | -507,000 | -501,000 | -540,000 | -1,170,000 |
| Pretax income | 6,518,000 | 12,589,000 | 18,786,000 | 24,944,000 |
| Income tax | 2,284,000 | 4,412,000 | 6,584,000 | 8,739,000 |
| Net income | 4,234,000 | 8,177,000 | 12,202,000 | 16,205,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2006Q1 | 2006Q2 | 2006Q3 | 2006Q4 |
|---|---|---|---|---|
| Tier 1 capital | 120,720,000 | 124,663,000 | 128,688,000 | 132,691,000 |
| Total capital | 127,669,000 | 131,136,000 | 134,898,000 | 137,840,000 |
| Risk-weighted assets | 738,429,000 | 749,813,000 | 752,088,000 | 749,883,000 |