Call reports 2001
FIRST UNION DIRECT BANK, N.A. — 2001
What FIRST UNION DIRECT BANK, N.A. reported to the FFIEC in 2001, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2001Q1 | 2001Q2 | 2001Q3 | 2001Q4 |
|---|---|---|---|---|
| Total assets | 4,995,690,000 | 4,703,908,000 | 4,097,764,000 | 3,864,387,000 |
| Total loans | 4,525,329,000 | 4,134,026,000 | 3,599,124,000 | 267,000 |
| Allowance for loan losses | 843,000 | 1,186,000 | 2,812,000 | 0 |
| Securities available for sale | 0 | 0 | 0 | 0 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 77,573,000 | 43,594,000 | 718,000 | 724,000 |
| Interest-bearing deposits | 500,000 | 500,000 | 500,000 | 500,000 |
| Noninterest-bearing deposits | 77,073,000 | 43,094,000 | 218,000 | 224,000 |
| Equity capital | 1,384,133,000 | 1,435,838,000 | 1,441,253,000 | 1,422,745,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2001Q1 | 2001Q2 | 2001Q3 | 2001Q4 |
|---|---|---|---|---|
| Interest income | 82,983,000 | 145,003,000 | 194,414,000 | 173,988,000 |
| Interest expense | 50,129,000 | 88,086,000 | 115,840,000 | 134,083,000 |
| Net interest income | 32,854,000 | 56,917,000 | 78,574,000 | 39,905,000 |
| Noninterest income | 24,246,000 | 83,209,000 | 83,656,000 | 96,648,000 |
| Noninterest expense | 13,139,000 | 26,085,000 | 27,566,000 | 38,576,000 |
| Provision for loan losses | 108,000 | 1,145,000 | 3,266,000 | -4,034,000 |
| Pretax income | 43,853,000 | 112,896,000 | 131,398,000 | 102,011,000 |
| Income tax | 16,249,000 | 33,584,000 | 46,667,000 | 35,798,000 |
| Net income | 27,604,000 | 79,312,000 | 84,731,000 | 66,213,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2001Q1 | 2001Q2 | 2001Q3 | 2001Q4 |
|---|---|---|---|---|
| Tier 1 capital | 1,384,240,000 | 1,435,945,000 | 1,441,311,000 | 1,422,745,000 |
| Total capital | 1,530,083,000 | 1,582,131,000 | 1,589,123,000 | 1,567,745,000 |
| Risk-weighted assets | 1,380,984,000 | 1,252,733,000 | 1,164,560,000 | 775,062,000 |