Call reports 2014
SOVEREIGN BANK — 2014
What SOVEREIGN BANK reported to the FFIEC in 2014, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2014Q1 | 2014Q2 | 2014Q3 | 2014Q4 |
|---|---|---|---|---|
| Total assets | 244,747,000 | 237,469,000 | 240,109,000 | 235,708,000 |
| Total loans | 93,494,000 | 97,717,000 | 100,777,000 | 100,234,000 |
| Allowance for loan losses | 1,733,000 | 1,749,000 | 1,881,000 | 1,773,000 |
| Securities available for sale | 113,412,000 | 113,950,000 | 112,234,000 | 109,819,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 213,984,000 | 206,734,000 | 206,576,000 | 204,056,000 |
| Interest-bearing deposits | 164,877,000 | 156,976,000 | 151,614,000 | 150,868,000 |
| Noninterest-bearing deposits | 49,107,000 | 49,758,000 | 54,962,000 | 53,188,000 |
| Equity capital | 28,947,000 | 29,404,000 | 29,591,000 | 30,979,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2014Q1 | 2014Q2 | 2014Q3 | 2014Q4 |
|---|---|---|---|---|
| Interest income | 1,928,000 | 3,997,000 | 5,971,000 | 7,949,000 |
| Interest expense | 92,000 | 190,000 | 284,000 | 380,000 |
| Net interest income | 1,836,000 | 3,807,000 | 5,687,000 | 7,569,000 |
| Noninterest income | 369,000 | 849,000 | 1,317,000 | 1,726,000 |
| Noninterest expense | 1,944,000 | 4,147,000 | 6,190,000 | 8,224,000 |
| Provision for loan losses | 45,000 | 90,000 | 105,000 | 105,000 |
| Pretax income | 223,000 | 460,000 | 731,000 | 997,000 |
| Income tax | 8,000 | 16,000 | 23,000 | 212,000 |
| Net income | 215,000 | 444,000 | 708,000 | 785,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2014Q1 | 2014Q2 | 2014Q3 | 2014Q4 |
|---|---|---|---|---|
| Tier 1 capital | 26,177,000 | 26,405,000 | 26,669,000 | 27,997,000 |
| Total capital | 27,843,000 | 28,100,000 | 28,407,000 | 29,736,000 |
| Risk-weighted assets | 133,173,000 | 135,424,000 | 138,782,000 | 138,990,000 |
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