Call reports 2004
FIRST UNION DIRECT BANK, N.A. — 2004
What FIRST UNION DIRECT BANK, N.A. reported to the FFIEC in 2004, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2004Q1 | 2004Q2 | 2004Q3 |
|---|---|---|---|
| Total assets | 6,093,955,000 | 6,118,448,000 | 6,107,345,000 |
| Total loans | 5,333,049,000 | 5,324,433,000 | 5,744,710,000 |
| Allowance for loan losses | 0 | 0 | 0 |
| Securities available for sale | 0 | 0 | 0 |
| Securities held to maturity | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 |
| Total deposits | 558,000 | 538,000 | 501,000 |
| Interest-bearing deposits | 500,000 | 500,000 | 500,000 |
| Noninterest-bearing deposits | 58,000 | 38,000 | 1,000 |
| Equity capital | 1,092,051,000 | 1,108,293,000 | 1,099,094,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2004Q1 | 2004Q2 | 2004Q3 |
|---|---|---|---|
| Interest income | 11,333,000 | 22,102,000 | 42,686,000 |
| Interest expense | 15,471,000 | 32,416,000 | 49,887,000 |
| Net interest income | -4,138,000 | -10,314,000 | -7,201,000 |
| Noninterest income | 2,020,000 | 3,362,000 | 4,725,000 |
| Noninterest expense | 280,000 | 581,000 | 876,000 |
| Provision for loan losses | -144,000 | -356,000 | -482,000 |
| Pretax income | -2,254,000 | -7,177,000 | -2,870,000 |
| Income tax | -884,000 | -2,814,000 | -1,125,000 |
| Net income | -1,370,000 | -4,363,000 | -1,745,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2004Q1 | 2004Q2 | 2004Q3 |
|---|---|---|---|
| Tier 1 capital | 1,092,051,000 | 1,108,293,000 | 1,096,554,000 |
| Total capital | 1,092,051,000 | 1,108,293,000 | 1,096,554,000 |
| Risk-weighted assets | 1,228,440,000 | 1,229,930,000 | 1,228,876,000 |