Call reports 2014
BANK OF NEW ENGLAND — 2014
What BANK OF NEW ENGLAND reported to the FFIEC in 2014, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2014Q1 | 2014Q2 | 2014Q3 | 2014Q4 |
|---|---|---|---|---|
| Total assets | 581,095,000 | 614,706,000 | 623,689,000 | 651,791,000 |
| Total loans | 512,572,000 | 522,930,000 | 568,978,000 | 579,405,000 |
| Allowance for loan losses | 6,040,000 | 6,103,000 | 6,679,000 | 6,752,000 |
| Securities available for sale | 959,000 | 972,000 | 969,000 | 983,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 503,427,000 | 533,669,000 | 539,758,000 | 564,781,000 |
| Interest-bearing deposits | 443,468,000 | 466,404,000 | 469,433,000 | 494,865,000 |
| Noninterest-bearing deposits | 59,959,000 | 67,265,000 | 70,325,000 | 69,916,000 |
| Equity capital | 75,060,000 | 76,807,000 | 78,321,000 | 80,547,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2014Q1 | 2014Q2 | 2014Q3 | 2014Q4 |
|---|---|---|---|---|
| Interest income | 6,594,000 | 13,860,000 | 21,075,000 | 28,921,000 |
| Interest expense | 828,000 | 1,690,000 | 2,602,000 | 3,571,000 |
| Net interest income | 5,766,000 | 12,170,000 | 18,473,000 | 25,350,000 |
| Noninterest income | 110,000 | 190,000 | 330,000 | 601,000 |
| Noninterest expense | 3,189,000 | 6,490,000 | 9,748,000 | 12,907,000 |
| Provision for loan losses | -236,000 | -180,000 | 267,000 | 331,000 |
| Pretax income | 2,923,000 | 6,050,000 | 8,788,000 | 12,713,000 |
| Income tax | 1,169,000 | 2,420,000 | 3,515,000 | 5,085,000 |
| Net income | 1,754,000 | 3,630,000 | 5,273,000 | 7,628,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2014Q1 | 2014Q2 | 2014Q3 | 2014Q4 |
|---|---|---|---|---|
| Tier 1 capital | 75,060,000 | 76,796,000 | 78,321,000 | 80,547,000 |
| Total capital | 81,463,000 | 83,374,000 | 85,503,000 | 87,899,000 |
| Risk-weighted assets | 558,582,000 | 581,282,000 | 633,394,000 | 659,732,000 |