Call reports 2002
FIRST UNION DIRECT BANK, N.A. — 2002
What FIRST UNION DIRECT BANK, N.A. reported to the FFIEC in 2002, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2002Q1 | 2002Q2 | 2002Q3 | 2002Q4 |
|---|---|---|---|---|
| Total assets | 3,864,047,000 | 3,662,570,000 | 3,805,522,000 | 4,178,185,000 |
| Total loans | 3,580,459,000 | 3,381,916,000 | 3,470,538,000 | 269,000 |
| Allowance for loan losses | 0 | 0 | 0 | 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 | 710,000 | 805,000 | 26,666,000 | 549,000 |
| Interest-bearing deposits | 500,000 | 500,000 | 500,000 | 500,000 |
| Noninterest-bearing deposits | 210,000 | 305,000 | 26,166,000 | 49,000 |
| Equity capital | 1,426,549,000 | 1,430,516,000 | 1,434,798,000 | 1,338,224,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2002Q1 | 2002Q2 | 2002Q3 | 2002Q4 |
|---|---|---|---|---|
| Interest income | 16,788,000 | 34,290,000 | 50,776,000 | 68,740,000 |
| Interest expense | 11,667,000 | 23,129,000 | 33,309,000 | 45,692,000 |
| Net interest income | 5,121,000 | 11,161,000 | 17,467,000 | 23,048,000 |
| Noninterest income | 210,000 | 870,000 | 1,569,000 | 2,131,000 |
| Noninterest expense | 394,000 | 1,741,000 | 2,671,000 | 1,498,000 |
| Provision for loan losses | -535,000 | -979,000 | -1,268,000 | -1,566,000 |
| Pretax income | 5,472,000 | 11,269,000 | 17,633,000 | 25,247,000 |
| Income tax | 1,668,000 | 3,498,000 | 5,580,000 | 9,768,000 |
| Net income | 3,804,000 | 7,771,000 | 12,053,000 | 15,479,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2002Q1 | 2002Q2 | 2002Q3 | 2002Q4 |
|---|---|---|---|---|
| Tier 1 capital | 1,426,549,000 | 1,430,516,000 | 1,434,798,000 | 1,338,224,000 |
| Total capital | 1,571,549,000 | 1,575,516,000 | 1,579,798,000 | 1,483,224,000 |
| Risk-weighted assets | 775,798,000 | 738,541,000 | 771,037,000 | 836,823,000 |