Call reports 2008
BANK OF NEW ENGLAND — 2008
What BANK OF NEW ENGLAND reported to the FFIEC in 2008, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Total assets | 469,862,000 | 475,872,000 | 479,949,000 | 489,785,000 |
| Total loans | 403,265,000 | 429,938,000 | 428,861,000 | 413,247,000 |
| Allowance for loan losses | 4,703,000 | 4,690,000 | 4,366,000 | 4,511,000 |
| Securities available for sale | 4,632,000 | 4,826,000 | 725,000 | 573,000 |
| Securities held to maturity | 8,136,000 | 6,154,000 | 4,001,000 | 3,855,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 417,204,000 | 421,148,000 | 427,964,000 | 435,971,000 |
| Interest-bearing deposits | 378,437,000 | 379,966,000 | 385,705,000 | 398,218,000 |
| Noninterest-bearing deposits | 38,767,000 | 41,182,000 | 42,259,000 | 37,753,000 |
| Equity capital | 52,043,000 | 53,624,000 | 50,616,000 | 53,115,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Interest income | 8,929,000 | 17,980,000 | 27,115,000 | 35,123,000 |
| Interest expense | 3,814,000 | 7,328,000 | 10,744,000 | 14,036,000 |
| Net interest income | 5,115,000 | 10,652,000 | 16,371,000 | 21,087,000 |
| Noninterest income | 117,000 | 243,000 | 364,000 | 499,000 |
| Noninterest expense | 2,751,000 | 5,589,000 | 8,639,000 | 11,742,000 |
| Provision for loan losses | 530,000 | 517,000 | 850,000 | 1,194,000 |
| Pretax income | 1,951,000 | 4,789,000 | 2,692,000 | 4,096,000 |
| Income tax | 798,000 | 1,961,000 | 2,963,000 | 1,603,000 |
| Net income | 1,153,000 | 2,828,000 | -271,000 | 2,493,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Tier 1 capital | 52,426,000 | 53,893,000 | 52,483,000 | 55,073,000 |
| Total capital | 57,512,000 | 58,954,000 | 57,148,000 | 59,722,000 |
| Risk-weighted assets | 428,779,000 | 443,760,000 | 440,683,000 | 432,028,000 |