Call reports 2023
BANK OF NEW ENGLAND — 2023
What BANK OF NEW ENGLAND reported to the FFIEC in 2023, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Total assets | 1,306,028,000 | 1,353,335,000 | 1,388,131,000 | 1,381,838,000 |
| Total loans | 1,134,464,000 | 1,145,876,000 | 1,197,387,000 | 1,204,510,000 |
| Allowance for loan losses | 11,328,000 | 10,840,000 | 11,246,000 | 11,611,000 |
| Securities available for sale | 498,000 | 481,000 | 464,000 | 479,000 |
| Securities held to maturity | 10,000,000 | 10,000,000 | 10,000,000 | 10,000,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 1,050,825,000 | 1,091,222,000 | 1,118,585,000 | 1,106,164,000 |
| Interest-bearing deposits | 909,784,000 | 926,526,000 | 968,387,000 | 979,936,000 |
| Noninterest-bearing deposits | 141,041,000 | 164,696,000 | 150,198,000 | 126,228,000 |
| Equity capital | 223,212,000 | 232,110,000 | 238,721,000 | 246,470,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Interest income | 21,345,000 | 44,508,000 | 69,107,000 | 95,072,000 |
| Interest expense | 5,655,000 | 12,886,000 | 21,332,000 | 31,000,000 |
| Net interest income | 15,690,000 | 31,622,000 | 47,775,000 | 64,072,000 |
| Noninterest income | 68,000 | 125,000 | 189,000 | 244,000 |
| Noninterest expense | 4,435,000 | 8,849,000 | 13,672,000 | 17,819,000 |
| Provision for loan losses | 904,000 | 416,000 | 822,000 | 1,187,000 |
| Pretax income | 9,933,000 | 21,832,000 | 31,415,000 | 42,486,000 |
| Income tax | 2,814,000 | 5,293,000 | 7,729,000 | 10,540,000 |
| Net income | 7,119,000 | 16,539,000 | 23,686,000 | 31,946,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Tier 1 capital | 223,247,000 | 232,155,000 | 238,776,000 | 246,512,000 |
| Total capital | — | — | 254,010,000 | 262,917,000 |
| Risk-weighted assets | — | — | 1,352,179,000 | 1,379,036,000 |