Call reports 2007
VOLKSWAGEN BANK USA — 2007
What VOLKSWAGEN BANK USA reported to the FFIEC in 2007, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2007Q1 | 2007Q2 |
|---|---|---|
| Total assets | 639,699,000 | 288,023,000 |
| Total loans | 619,432,000 | 223,872,000 |
| Allowance for loan losses | 4,998,000 | 1,012,000 |
| Securities available for sale | 7,914,000 | 0 |
| Securities held to maturity | 0 | 0 |
| Trading assets | 0 | 0 |
| Total deposits | 489,434,000 | 239,816,000 |
| Interest-bearing deposits | 489,434,000 | 239,816,000 |
| Noninterest-bearing deposits | 0 | 0 |
| Equity capital | 136,074,000 | 40,730,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2007Q1 | 2007Q2 |
|---|---|---|
| Interest income | 12,333,000 | 21,902,000 |
| Interest expense | 5,836,000 | 10,518,000 |
| Net interest income | 6,497,000 | 11,384,000 |
| Noninterest income | 1,012,000 | 1,366,000 |
| Noninterest expense | 1,839,000 | 3,473,000 |
| Provision for loan losses | 282,000 | -3,252,000 |
| Pretax income | 5,388,000 | 12,377,000 |
| Income tax | 1,889,000 | 4,338,000 |
| Net income | 3,499,000 | 8,039,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2007Q1 | 2007Q2 |
|---|---|---|
| Tier 1 capital | 136,190,000 | 40,730,000 |
| Total capital | 141,188,000 | 41,742,000 |
| Risk-weighted assets | 725,684,000 | 331,714,000 |