Call reports 2020
SOVEREIGN BANK — 2020
What SOVEREIGN BANK reported to the FFIEC in 2020, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Total assets | 238,625,000 | 323,640,000 | 327,789,000 | 314,092,000 |
| Total loans | 96,584,000 | 97,635,000 | 104,873,000 | 110,086,000 |
| Allowance for loan losses | 1,190,000 | 1,243,000 | 1,252,000 | 1,318,000 |
| Securities available for sale | 101,832,000 | 96,759,000 | 114,140,000 | 104,913,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 195,547,000 | 278,371,000 | 282,363,000 | 268,798,000 |
| Interest-bearing deposits | 149,214,000 | 221,679,000 | 228,768,000 | 210,329,000 |
| Noninterest-bearing deposits | 46,333,000 | 56,692,000 | 53,595,000 | 58,469,000 |
| Equity capital | 41,068,000 | 42,469,000 | 42,408,000 | 43,206,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Interest income | 2,029,000 | 4,096,000 | 6,000,000 | 7,987,000 |
| Interest expense | 189,000 | 305,000 | 412,000 | 482,000 |
| Net interest income | 1,840,000 | 3,791,000 | 5,588,000 | 7,505,000 |
| Noninterest income | 326,000 | 593,000 | 1,000,000 | 1,343,000 |
| Noninterest expense | 2,027,000 | 3,984,000 | 6,082,000 | 7,969,000 |
| Provision for loan losses | 25,000 | 83,000 | 97,000 | 392,000 |
| Pretax income | 114,000 | 339,000 | 429,000 | 513,000 |
| Income tax | 10,000 | 39,000 | 25,000 | -9,000 |
| Net income | 104,000 | 300,000 | 404,000 | 522,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Tier 1 capital | 37,982,000 | 38,179,000 | 38,282,000 | 39,176,000 |
| Total capital | 39,221,000 | 39,473,000 | 39,585,000 | 40,545,000 |
| Risk-weighted assets | 124,913,000 | 140,924,000 | 140,924,000 | 156,646,000 |