Call reports 2024
BANK OF NEW ENGLAND — 2024
What BANK OF NEW ENGLAND reported to the FFIEC in 2024, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Total assets | 1,433,532,000 | 1,450,962,000 | 1,490,469,000 | 1,527,088,000 |
| Total loans | 1,220,007,000 | 1,284,005,000 | 1,298,136,000 | 1,371,569,000 |
| Allowance for loan losses | 11,623,000 | 12,544,000 | 12,508,000 | 13,277,000 |
| Securities available for sale | 472,000 | 464,000 | 482,000 | 462,000 |
| Securities held to maturity | 15,000,000 | 15,000,000 | 15,000,000 | 5,000,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 1,156,113,000 | 1,167,579,000 | 1,197,002,000 | 1,227,168,000 |
| Interest-bearing deposits | 1,032,875,000 | 1,035,385,000 | 1,071,146,000 | 1,111,177,000 |
| Noninterest-bearing deposits | 123,238,000 | 132,194,000 | 125,856,000 | 115,991,000 |
| Equity capital | 252,599,000 | 259,158,000 | 267,573,000 | 276,022,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Interest income | 24,063,000 | 49,387,000 | 76,509,000 | 103,128,000 |
| Interest expense | 10,056,000 | 20,361,000 | 31,405,000 | 42,134,000 |
| Net interest income | 14,007,000 | 29,026,000 | 45,104,000 | 60,994,000 |
| Noninterest income | 52,000 | 101,000 | 158,000 | 903,000 |
| Noninterest expense | 4,789,000 | 9,379,000 | 13,978,000 | 17,864,000 |
| Provision for loan losses | 12,000 | 933,000 | 902,000 | 1,671,000 |
| Pretax income | 9,049,000 | 18,678,000 | 30,770,000 | 42,918,000 |
| Income tax | 2,394,000 | 4,936,000 | 8,128,000 | 11,340,000 |
| Net income | 6,655,000 | 13,742,000 | 22,642,000 | 31,578,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Tier 1 capital | 252,642,000 | 259,204,000 | 267,604,000 | 276,065,000 |
| Total capital | 269,261,000 | 276,666,000 | 284,536,000 | 293,571,000 |
| Risk-weighted assets | 1,423,257,000 | 1,485,495,000 | 1,493,792,000 | 1,570,800,000 |