Call reports 2017
SOVEREIGN BANK — 2017
What SOVEREIGN BANK reported to the FFIEC in 2017, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2017Q1 | 2017Q2 | 2017Q3 | 2017Q4 |
|---|---|---|---|---|
| Total assets | 252,472,000 | 255,610,000 | 233,125,000 | 225,245,000 |
| Total loans | 80,148,000 | 84,552,000 | 87,453,000 | 94,458,000 |
| Allowance for loan losses | 1,273,000 | 1,299,000 | 1,308,000 | 1,345,000 |
| Securities available for sale | 142,700,000 | 141,261,000 | 113,634,000 | 104,391,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 217,588,000 | 215,782,000 | 195,130,000 | 183,957,000 |
| Interest-bearing deposits | 163,057,000 | 164,702,000 | 145,002,000 | 130,735,000 |
| Noninterest-bearing deposits | 54,531,000 | 51,080,000 | 50,128,000 | 53,222,000 |
| Equity capital | 33,587,000 | 33,888,000 | 33,940,000 | 34,800,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2017Q1 | 2017Q2 | 2017Q3 | 2017Q4 |
|---|---|---|---|---|
| Interest income | 1,746,000 | 3,488,000 | 5,212,000 | 6,999,000 |
| Interest expense | 106,000 | 218,000 | 345,000 | 451,000 |
| Net interest income | 1,640,000 | 3,270,000 | 4,867,000 | 6,548,000 |
| Noninterest income | 438,000 | 958,000 | 1,447,000 | 1,880,000 |
| Noninterest expense | 1,923,000 | 3,896,000 | 5,971,000 | 7,911,000 |
| Provision for loan losses | 30,000 | 60,000 | -90,000 | -90,000 |
| Pretax income | 120,000 | 267,000 | 432,000 | 608,000 |
| Income tax | 6,000 | 14,000 | 19,000 | 41,000 |
| Net income | 114,000 | 253,000 | 413,000 | 567,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2017Q1 | 2017Q2 | 2017Q3 | 2017Q4 |
|---|---|---|---|---|
| Tier 1 capital | 31,347,000 | 31,486,000 | 31,646,000 | 32,930,000 |
| Total capital | 32,644,000 | 32,809,000 | 33,013,000 | 34,335,000 |
| Risk-weighted assets | 114,555,000 | 119,747,000 | 113,848,000 | 124,773,000 |
Machine access — free, no API key
Every figure shown here about SOVEREIGN BANK — 2017 can also be queried live: FACTANKER runs an MCP server at https://factanker.com/mcp (tools: lookup_entity, get_facts, query_template, search_facts) and a REST endpoint at https://factanker.com/api/get_facts. Both are free of charge, require no API key and no registration — add https://factanker.com/mcp as a connector in Claude, ChatGPT or Copilot. Every answer carries its source document and a citation reference. Setup: /quickstart.