Call reports 2023
SOVEREIGN BANK — 2023
What SOVEREIGN BANK reported to the FFIEC in 2023, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Total assets | 883,452,000 | 912,761,000 | 922,178,000 | 962,893,000 |
| Total loans | 633,895,000 | 682,339,000 | 727,326,000 | 754,951,000 |
| Allowance for loan losses | 8,949,000 | 9,413,000 | 9,980,000 | 10,736,000 |
| Securities available for sale | 142,883,000 | 126,566,000 | 107,537,000 | 91,161,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 762,813,000 | 758,649,000 | 776,361,000 | 808,330,000 |
| Interest-bearing deposits | 610,194,000 | 613,881,000 | 637,744,000 | 677,569,000 |
| Noninterest-bearing deposits | 152,619,000 | 144,768,000 | 138,617,000 | 130,761,000 |
| Equity capital | 101,356,000 | 106,276,000 | 107,141,000 | 110,121,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Interest income | 11,568,000 | 24,045,000 | 37,787,000 | 52,568,000 |
| Interest expense | 1,922,000 | 4,864,000 | 8,864,000 | 13,791,000 |
| Net interest income | 9,646,000 | 19,181,000 | 28,923,000 | 38,777,000 |
| Noninterest income | 389,000 | 1,013,000 | 1,555,000 | 2,129,000 |
| Noninterest expense | 7,408,000 | 15,641,000 | 24,072,000 | 32,735,000 |
| Provision for loan losses | 485,000 | 940,000 | 1,172,000 | 2,394,000 |
| Pretax income | 2,150,000 | 3,621,000 | 5,243,000 | 5,808,000 |
| Income tax | 437,000 | 819,000 | 1,156,000 | 1,217,000 |
| Net income | 1,713,000 | 2,802,000 | 4,087,000 | 4,591,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Tier 1 capital | 87,611,000 | 93,193,000 | 94,503,000 | 95,623,000 |
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