Call reports 2011
SOVEREIGN BANK — 2011
What SOVEREIGN BANK reported to the FFIEC in 2011, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2011Q1 | 2011Q2 | 2011Q3 | 2011Q4 |
|---|---|---|---|---|
| Total assets | 215,187,000 | 215,722,000 | 211,363,000 | 215,689,000 |
| Total loans | 86,146,000 | 88,837,000 | 84,626,000 | 89,708,000 |
| Allowance for loan losses | 1,936,000 | 1,990,000 | 1,940,000 | 1,946,000 |
| Securities available for sale | 106,347,000 | 103,598,000 | 104,172,000 | 101,570,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 188,532,000 | 188,995,000 | 184,010,000 | 182,417,000 |
| Interest-bearing deposits | 149,734,000 | 149,289,000 | 143,854,000 | 142,205,000 |
| Noninterest-bearing deposits | 38,798,000 | 39,706,000 | 40,156,000 | 40,212,000 |
| Equity capital | 24,017,000 | 24,550,000 | 24,790,000 | 25,886,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2011Q1 | 2011Q2 | 2011Q3 | 2011Q4 |
|---|---|---|---|---|
| Interest income | 2,040,000 | 4,161,000 | 6,333,000 | 8,446,000 |
| Interest expense | 179,000 | 353,000 | 519,000 | 678,000 |
| Net interest income | 1,861,000 | 3,808,000 | 5,814,000 | 7,768,000 |
| Noninterest income | 382,000 | 763,000 | 1,146,000 | 1,502,000 |
| Noninterest expense | 1,919,000 | 3,986,000 | 5,996,000 | 8,050,000 |
| Provision for loan losses | 90,000 | 180,000 | 270,000 | 360,000 |
| Pretax income | 234,000 | 462,000 | 755,000 | 921,000 |
| Income tax | 10,000 | 19,000 | 33,000 | 27,000 |
| Net income | 224,000 | 443,000 | 722,000 | 894,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2011Q1 | 2011Q2 | 2011Q3 | 2011Q4 |
|---|---|---|---|---|
| Tier 1 capital | 20,187,000 | 20,274,000 | 20,553,000 | 21,977,000 |
| Total capital | 21,710,000 | 21,798,000 | 22,048,000 | 23,523,000 |
| Risk-weighted assets | 120,537,000 | 121,262,000 | 118,268,000 | 122,937,000 |
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