Call reports 2018
SOVEREIGN BANK — 2018
What SOVEREIGN BANK reported to the FFIEC in 2018, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2018Q1 | 2018Q2 | 2018Q3 | 2018Q4 |
|---|---|---|---|---|
| Total assets | 218,274,000 | 224,856,000 | 245,482,000 | 247,889,000 |
| Total loans | 92,342,000 | 89,803,000 | 94,140,000 | 95,697,000 |
| Allowance for loan losses | 1,389,000 | 1,293,000 | 1,290,000 | 1,294,000 |
| Securities available for sale | 95,733,000 | 105,887,000 | 118,107,000 | 126,491,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 180,766,000 | 188,874,000 | 209,168,000 | 207,405,000 |
| Interest-bearing deposits | 139,109,000 | 146,358,000 | 165,277,000 | 162,941,000 |
| Noninterest-bearing deposits | 41,657,000 | 42,516,000 | 43,891,000 | 44,464,000 |
| Equity capital | 34,204,000 | 34,249,000 | 34,134,000 | 36,180,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2018Q1 | 2018Q2 | 2018Q3 | 2018Q4 |
|---|---|---|---|---|
| Interest income | 1,882,000 | 3,712,000 | 5,706,000 | 8,024,000 |
| Interest expense | 149,000 | 268,000 | 404,000 | 583,000 |
| Net interest income | 1,733,000 | 3,444,000 | 5,302,000 | 7,441,000 |
| Noninterest income | 337,000 | 677,000 | 994,000 | 1,369,000 |
| Noninterest expense | 1,927,000 | 3,858,000 | 5,846,000 | 8,055,000 |
| Provision for loan losses | 0 | -82,000 | -82,000 | -82,000 |
| Pretax income | 143,000 | 345,000 | 532,000 | 837,000 |
| Income tax | 7,000 | 14,000 | 21,000 | 121,000 |
| Net income | 136,000 | 331,000 | 511,000 | 716,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2018Q1 | 2018Q2 | 2018Q3 | 2018Q4 |
|---|---|---|---|---|
| Tier 1 capital | 33,066,000 | 33,261,000 | 33,441,000 | 34,846,000 |
| Total capital | 34,514,000 | 34,613,000 | 34,791,000 | 36,199,000 |
| Risk-weighted assets | 119,659,000 | 113,369,000 | 122,619,000 | 124,628,000 |