Call reports 2020
BANK OF NEW ENGLAND — 2020
What BANK OF NEW ENGLAND reported to the FFIEC in 2020, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Total assets | 967,692,000 | 1,021,831,000 | 1,058,625,000 | 1,073,051,000 |
| Total loans | 841,305,000 | 872,781,000 | 947,727,000 | 985,305,000 |
| Allowance for loan losses | 9,556,000 | 9,864,000 | 10,961,000 | 11,354,000 |
| Securities available for sale | 1,710,000 | 1,752,000 | 1,504,000 | 1,412,000 |
| Securities held to maturity | 10,000,000 | 10,000,000 | 10,000,000 | 10,000,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 808,417,000 | 859,297,000 | 892,051,000 | 901,883,000 |
| Interest-bearing deposits | 702,862,000 | 724,351,000 | 749,957,000 | 770,155,000 |
| Noninterest-bearing deposits | 105,555,000 | 134,946,000 | 142,094,000 | 131,728,000 |
| Equity capital | 152,486,000 | 156,195,000 | 159,508,000 | 164,316,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Interest income | 12,799,000 | 25,222,000 | 38,374,000 | 52,288,000 |
| Interest expense | 3,509,000 | 6,681,000 | 9,820,000 | 12,867,000 |
| Net interest income | 9,290,000 | 18,541,000 | 28,554,000 | 39,421,000 |
| Noninterest income | 40,000 | 70,000 | 114,000 | 149,000 |
| Noninterest expense | 3,681,000 | 7,195,000 | 11,166,000 | 14,626,000 |
| Provision for loan losses | 187,000 | 495,000 | 1,602,000 | 1,995,000 |
| Pretax income | 5,477,000 | 10,945,000 | 15,924,000 | 22,970,000 |
| Income tax | 1,536,000 | 3,063,000 | 4,458,000 | 6,429,000 |
| Net income | 3,941,000 | 7,882,000 | 11,466,000 | 16,541,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Tier 1 capital | 152,420,000 | 156,099,000 | 159,421,000 | 164,233,000 |