Call reports 2016
PARTNERS BANK OF NEW ENGLAND — 2016
What PARTNERS BANK OF NEW ENGLAND reported to the FFIEC in 2016, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2016Q1 | 2016Q2 | 2016Q3 | 2016Q4 |
|---|---|---|---|---|
| Total assets | 506,368,000 | 507,604,000 | 522,399,000 | 529,825,000 |
| Total loans | 397,545,000 | 409,846,000 | 407,231,000 | 424,442,000 |
| Allowance for loan losses | 3,691,000 | 3,792,000 | 3,555,000 | 3,692,000 |
| Securities available for sale | 36,866,000 | 36,059,000 | 30,136,000 | 31,385,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 392,396,000 | 392,444,000 | 407,181,000 | 413,304,000 |
| Interest-bearing deposits | 383,435,000 | 381,807,000 | 395,665,000 | 372,895,000 |
| Noninterest-bearing deposits | 8,961,000 | 10,637,000 | 11,516,000 | 40,409,000 |
| Equity capital | 56,399,000 | 57,698,000 | 58,640,000 | 59,766,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2016Q1 | 2016Q2 | 2016Q3 | 2016Q4 |
|---|---|---|---|---|
| Interest income | 5,206,000 | 10,325,000 | 15,525,000 | 20,584,000 |
| Interest expense | 905,000 | 1,787,000 | 2,671,000 | 3,541,000 |
| Net interest income | 4,301,000 | 8,538,000 | 12,854,000 | 17,043,000 |
| Noninterest income | 625,000 | 1,269,000 | 1,901,000 | 2,453,000 |
| Noninterest expense | 3,963,000 | 7,815,000 | 11,955,000 | 15,846,000 |
| Provision for loan losses | -34,000 | -18,000 | -237,000 | -63,000 |
| Pretax income | 1,081,000 | 2,221,000 | 3,250,000 | 4,305,000 |
| Income tax | 330,000 | 689,000 | 999,000 | 1,106,000 |
| Net income | 751,000 | 1,532,000 | 2,251,000 | 3,199,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2016Q1 | 2016Q2 | 2016Q3 | 2016Q4 |
|---|---|---|---|---|
| Tier 1 capital | 57,013,000 | 57,795,000 | 58,514,000 | 59,462,000 |
| Total capital | 62,589,000 | 63,818,000 | 64,702,000 | 65,991,000 |
| Risk-weighted assets | 421,365,000 | 441,786,000 | 436,259,000 | 444,243,000 |