Call reports 2003
FIRST UNION DIRECT BANK, N.A. — 2003
What FIRST UNION DIRECT BANK, N.A. reported to the FFIEC in 2003, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2003Q1 | 2003Q2 | 2003Q3 | 2003Q4 |
|---|---|---|---|---|
| Total assets | 4,370,382,000 | 4,381,742,000 | 6,463,396,000 | 6,511,854,000 |
| Total loans | 4,071,022,000 | 4,064,728,000 | 6,077,971,000 | 2,156,545,000 |
| 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 | 54,469,000 | 61,469,000 | 511,000 | 514,000 |
| Interest-bearing deposits | 500,000 | 500,000 | 500,000 | 500,000 |
| Noninterest-bearing deposits | 53,969,000 | 60,969,000 | 11,000 | 14,000 |
| Equity capital | 1,342,160,000 | 1,345,785,000 | 1,349,110,000 | 1,348,573,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2003Q1 | 2003Q2 | 2003Q3 | 2003Q4 |
|---|---|---|---|---|
| Interest income | 13,678,000 | 28,433,000 | 41,316,000 | 54,123,000 |
| Interest expense | 10,487,000 | 20,350,000 | 29,046,000 | 43,397,000 |
| Net interest income | 3,191,000 | 8,083,000 | 12,270,000 | 10,726,000 |
| Noninterest income | 3,265,000 | 4,204,000 | 5,289,000 | 5,699,000 |
| Noninterest expense | 249,000 | 402,000 | 614,000 | 855,000 |
| Provision for loan losses | -212,000 | -445,000 | -807,000 | -1,003,000 |
| Pretax income | 6,419,000 | 12,330,000 | 17,752,000 | 16,573,000 |
| Income tax | 2,483,000 | 4,769,000 | 6,866,000 | 6,498,000 |
| Net income | 3,936,000 | 7,561,000 | 10,886,000 | 10,075,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2003Q1 | 2003Q2 | 2003Q3 | 2003Q4 |
|---|---|---|---|---|
| Tier 1 capital | 1,342,160,000 | 1,345,785,000 | 1,349,110,000 | 1,348,573,000 |
| Total capital | 1,487,160,000 | 1,490,785,000 | 1,497,032,000 | 1,493,991,000 |
| Risk-weighted assets | 876,796,000 | 881,280,000 | 1,301,274,000 | 1,310,425,000 |