Call reports 2022
BANK OF NEW ENGLAND — 2022
What BANK OF NEW ENGLAND reported to the FFIEC in 2022, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2022Q1 | 2022Q2 | 2022Q3 | 2022Q4 |
|---|---|---|---|---|
| Total assets | 1,244,446,000 | 1,234,978,000 | 1,199,727,000 | 1,260,196,000 |
| Total loans | 1,020,810,000 | 1,041,543,000 | 1,090,983,000 | 1,087,189,000 |
| Allowance for loan losses | 11,996,000 | 12,666,000 | 13,089,000 | 13,263,000 |
| Securities available for sale | 749,000 | 725,000 | 504,000 | 495,000 |
| Securities held to maturity | 10,000,000 | 10,000,000 | 10,000,000 | 10,000,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 1,040,872,000 | 1,010,154,000 | 965,688,000 | 1,017,970,000 |
| Interest-bearing deposits | 864,084,000 | 829,138,000 | 795,864,000 | 871,021,000 |
| Noninterest-bearing deposits | 176,788,000 | 181,016,000 | 169,824,000 | 146,949,000 |
| Equity capital | 192,853,000 | 198,951,000 | 206,211,000 | 214,985,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2022Q1 | 2022Q2 | 2022Q3 | 2022Q4 |
|---|---|---|---|---|
| Interest income | 15,423,000 | 31,411,000 | 49,818,000 | 70,398,000 |
| Interest expense | 2,491,000 | 5,166,000 | 8,357,000 | 12,939,000 |
| Net interest income | 12,932,000 | 26,245,000 | 41,461,000 | 57,459,000 |
| Noninterest income | 59,000 | 120,000 | 201,000 | 304,000 |
| Noninterest expense | 3,979,000 | 7,761,000 | 11,982,000 | 15,285,000 |
| Provision for loan losses | -642,000 | 13,000 | 436,000 | 610,000 |
| Pretax income | 9,610,000 | 18,516,000 | 29,131,000 | 41,760,000 |
| Income tax | 2,633,000 | 5,086,000 | 8,021,000 | 11,394,000 |
| Net income | 6,977,000 | 13,430,000 | 21,110,000 | 30,366,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2022Q1 | 2022Q2 | 2022Q3 | 2022Q4 |
|---|---|---|---|---|
| Tier 1 capital | 192,858,000 | 198,974,000 | 206,241,000 | 215,022,000 |