Call reports 2015
SOVEREIGN BANK — 2015
What SOVEREIGN BANK reported to the FFIEC in 2015, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2015Q1 | 2015Q2 | 2015Q3 | 2015Q4 |
|---|---|---|---|---|
| Total assets | 264,069,000 | 255,496,000 | 255,434,000 | 252,018,000 |
| Total loans | 97,768,000 | 91,001,000 | 88,765,000 | 91,561,000 |
| Allowance for loan losses | 1,505,000 | 1,550,000 | 1,631,000 | 1,574,000 |
| Securities available for sale | 123,515,000 | 133,527,000 | 135,037,000 | 129,248,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 231,461,000 | 223,111,000 | 222,144,000 | 210,699,000 |
| Interest-bearing deposits | 179,003,000 | 171,405,000 | 164,612,000 | 152,839,000 |
| Noninterest-bearing deposits | 52,458,000 | 51,706,000 | 57,532,000 | 57,860,000 |
| Equity capital | 31,712,000 | 31,404,000 | 31,880,000 | 32,225,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2015Q1 | 2015Q2 | 2015Q3 | 2015Q4 |
|---|---|---|---|---|
| Interest income | 1,918,000 | 3,795,000 | 5,661,000 | 7,493,000 |
| Interest expense | 105,000 | 215,000 | 315,000 | 420,000 |
| Net interest income | 1,813,000 | 3,580,000 | 5,346,000 | 7,073,000 |
| Noninterest income | 415,000 | 779,000 | 1,246,000 | 1,678,000 |
| Noninterest expense | 2,026,000 | 4,057,000 | 6,090,000 | 8,084,000 |
| Provision for loan losses | 45,000 | 90,000 | 120,000 | 150,000 |
| Pretax income | 157,000 | 212,000 | 382,000 | 550,000 |
| Income tax | 6,000 | 6,000 | 8,000 | 64,000 |
| Net income | 151,000 | 206,000 | 374,000 | 486,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2015Q1 | 2015Q2 | 2015Q3 | 2015Q4 |
|---|---|---|---|---|
| Tier 1 capital | 28,729,000 | 28,784,000 | 28,953,000 | 29,690,000 |
| Total capital | 30,263,000 | 30,324,000 | 30,515,000 | 31,264,000 |
| Risk-weighted assets | 122,709,000 | 123,053,000 | 124,780,000 | 125,863,000 |