Call reports 2021
SOVEREIGN BANK — 2021
What SOVEREIGN BANK reported to the FFIEC in 2021, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2021Q1 | 2021Q2 | 2021Q3 | 2021Q4 |
|---|---|---|---|---|
| Total assets | 320,428,000 | 241,811,000 | 649,916,000 | 721,128,000 |
| Total loans | 114,846,000 | 132,380,000 | 498,853,000 | 491,964,000 |
| Allowance for loan losses | 1,430,000 | 1,514,000 | 1,614,000 | 3,437,000 |
| Securities available for sale | 95,238,000 | 47,452,000 | 46,775,000 | 43,868,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 275,653,000 | 196,912,000 | 524,563,000 | 601,529,000 |
| Interest-bearing deposits | 210,645,000 | 125,697,000 | 355,755,000 | 461,297,000 |
| Noninterest-bearing deposits | 65,008,000 | 71,215,000 | 168,808,000 | 140,232,000 |
| Equity capital | 42,793,000 | 42,702,000 | 80,406,000 | 79,907,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2021Q1 | 2021Q2 | 2021Q3 | 2021Q4 |
|---|---|---|---|---|
| Interest income | 1,975,000 | 4,020,000 | 9,558,000 | 16,141,000 |
| Interest expense | 60,000 | 123,000 | 459,000 | 1,079,000 |
| Net interest income | 1,915,000 | 3,897,000 | 9,099,000 | 15,062,000 |
| Noninterest income | 392,000 | 751,000 | 1,862,000 | 3,157,000 |
| Noninterest expense | 2,059,000 | 4,412,000 | 9,845,000 | 15,181,000 |
| Provision for loan losses | 108,000 | 203,000 | 302,000 | 3,021,000 |
| Pretax income | 153,000 | 286,000 | 1,032,000 | 282,000 |
| Income tax | 1,000 | -13,000 | 157,000 | 182,000 |
| Net income | 152,000 | 299,000 | 875,000 | 100,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2021Q1 | 2021Q2 | 2021Q3 | 2021Q4 |
|---|---|---|---|---|
| Tier 1 capital | 39,327,000 | 39,475,000 | 61,592,000 | 60,949,000 |
| Total capital | 40,808,000 | 41,040,000 | 63,257,000 | 64,437,000 |
| Risk-weighted assets | 156,646,000 | 162,747,000 | 446,102,000 | 533,109,000 |