Call reports 2022
SOVEREIGN BANK — 2022
What SOVEREIGN BANK reported to the FFIEC in 2022, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2022Q1 | 2022Q2 | 2022Q3 | 2022Q4 |
|---|---|---|---|---|
| Total assets | 691,745,000 | 698,925,000 | 803,542,000 | 814,463,000 |
| Total loans | 507,175,000 | 525,946,000 | 564,516,000 | 585,773,000 |
| Allowance for loan losses | 3,630,000 | 5,734,000 | 5,711,000 | 6,007,000 |
| Securities available for sale | 44,034,000 | 64,185,000 | 161,910,000 | 161,131,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 573,165,000 | 569,227,000 | 641,131,000 | 679,739,000 |
| Interest-bearing deposits | 428,556,000 | 414,715,000 | 484,949,000 | 526,286,000 |
| Noninterest-bearing deposits | 144,609,000 | 154,512,000 | 156,182,000 | 153,453,000 |
| Equity capital | 78,824,000 | 102,495,000 | 100,762,000 | 101,641,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2022Q1 | 2022Q2 | 2022Q3 | 2022Q4 |
|---|---|---|---|---|
| Interest income | 6,616,000 | 14,066,000 | 23,105,000 | 33,184,000 |
| Interest expense | 421,000 | 749,000 | 1,469,000 | 2,525,000 |
| Net interest income | 6,195,000 | 13,317,000 | 21,636,000 | 30,659,000 |
| Noninterest income | 542,000 | 2,743,000 | 3,309,000 | 3,759,000 |
| Noninterest expense | 6,241,000 | 13,023,000 | 20,247,000 | 28,583,000 |
| Provision for loan losses | 117,000 | 2,172,000 | 3,490,000 | 3,699,000 |
| Pretax income | 375,000 | 864,000 | 1,198,000 | 2,125,000 |
| Income tax | 95,000 | 178,000 | 224,000 | 365,000 |
| Net income | 280,000 | 686,000 | 974,000 | 1,760,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2022Q1 | 2022Q2 | 2022Q3 | 2022Q4 |
|---|---|---|---|---|
| Tier 1 capital | 61,359,000 | 85,885,000 | 86,192,000 | 87,152,000 |
| Total capital | 65,040,000 | 91,670,000 | 91,954,000 | — |
| Risk-weighted assets | 557,107,000 | 509,952,000 | 604,241,000 | — |