Call reports 2021
BANK OF NEW ENGLAND — 2021
What BANK OF NEW ENGLAND reported to the FFIEC in 2021, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2021Q1 | 2021Q2 | 2021Q3 | 2021Q4 |
|---|---|---|---|---|
| Total assets | 1,185,504,000 | 1,177,143,000 | 1,220,376,000 | 1,260,198,000 |
| Total loans | 1,016,736,000 | 1,003,765,000 | 1,054,131,000 | 1,069,722,000 |
| Allowance for loan losses | 11,946,000 | 11,367,000 | 12,103,000 | 12,638,000 |
| Securities available for sale | 1,371,000 | 1,169,000 | 1,111,000 | 965,000 |
| Securities held to maturity | 10,000,000 | 10,000,000 | 10,000,000 | 10,000,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 1,010,078,000 | 995,614,000 | 1,033,678,000 | 1,067,930,000 |
| Interest-bearing deposits | 800,243,000 | 777,810,000 | 875,006,000 | 878,113,000 |
| Noninterest-bearing deposits | 209,835,000 | 217,804,000 | 158,672,000 | 189,817,000 |
| Equity capital | 168,889,000 | 174,294,000 | 179,501,000 | 186,185,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2021Q1 | 2021Q2 | 2021Q3 | 2021Q4 |
|---|---|---|---|---|
| Interest income | 14,033,000 | 28,386,000 | 43,211,000 | 59,390,000 |
| Interest expense | 2,950,000 | 5,918,000 | 8,693,000 | 11,359,000 |
| Net interest income | 11,083,000 | 22,468,000 | 34,518,000 | 48,031,000 |
| Noninterest income | 32,000 | 64,000 | 113,000 | 151,000 |
| Noninterest expense | 3,787,000 | 7,907,000 | 11,688,000 | 15,021,000 |
| Provision for loan losses | 592,000 | 15,000 | 751,000 | 1,286,000 |
| Pretax income | 6,719,000 | 14,595,000 | 22,173,000 | 31,847,000 |
| Income tax | 1,887,000 | 4,090,000 | 6,218,000 | 8,928,000 |
| Net income | 4,832,000 | 10,505,000 | 15,955,000 | 22,919,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2021Q1 | 2021Q2 | 2021Q3 | 2021Q4 |
|---|---|---|---|---|
| Tier 1 capital | 168,828,000 | 174,238,000 | 179,455,000 | 186,156,000 |