Call reports 2016
BANK OF NEW ENGLAND — 2016
What BANK OF NEW ENGLAND reported to the FFIEC in 2016, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2016Q1 | 2016Q2 | 2016Q3 | 2016Q4 |
|---|---|---|---|---|
| Total assets | 729,390,000 | 777,471,000 | 777,379,000 | 842,546,000 |
| Total loans | 638,277,000 | 725,147,000 | 747,615,000 | 763,883,000 |
| Allowance for loan losses | 7,187,000 | 8,225,000 | 8,416,000 | 8,581,000 |
| Securities available for sale | 985,000 | 992,000 | 987,000 | 956,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 636,811,000 | 683,563,000 | 670,614,000 | 732,861,000 |
| Interest-bearing deposits | 561,205,000 | 602,627,000 | 587,664,000 | 646,715,000 |
| Noninterest-bearing deposits | 75,606,000 | 80,936,000 | 82,950,000 | 86,146,000 |
| Equity capital | 90,858,000 | 92,480,000 | 105,103,000 | 107,778,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2016Q1 | 2016Q2 | 2016Q3 | 2016Q4 |
|---|---|---|---|---|
| Interest income | 8,422,000 | 16,951,000 | 26,680,000 | 36,685,000 |
| Interest expense | 1,291,000 | 2,708,000 | 4,289,000 | 6,043,000 |
| Net interest income | 7,131,000 | 14,243,000 | 22,391,000 | 30,642,000 |
| Noninterest income | 76,000 | 140,000 | 219,000 | 320,000 |
| Noninterest expense | 3,297,000 | 6,501,000 | 9,844,000 | 13,094,000 |
| Provision for loan losses | 194,000 | 1,247,000 | 1,431,000 | 1,602,000 |
| Pretax income | 3,716,000 | 6,635,000 | 11,335,000 | 16,266,000 |
| Income tax | 1,486,000 | 2,654,000 | 4,534,000 | 6,479,000 |
| Net income | 2,230,000 | 3,981,000 | 6,801,000 | 9,787,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2016Q1 | 2016Q2 | 2016Q3 | 2016Q4 |
|---|---|---|---|---|
| Tier 1 capital | 90,858,000 | 92,488,000 | 105,103,000 | 107,778,000 |
| Total capital | 98,563,000 | 101,280,000 | 114,026,000 | 116,948,000 |
| Risk-weighted assets | 692,186,000 | 778,301,000 | 796,548,000 | 823,287,000 |