Call reports 2020
PARTNERS BANK OF NEW ENGLAND — 2020
What PARTNERS BANK OF NEW ENGLAND reported to the FFIEC in 2020, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Total assets | 642,682,000 | 653,360,000 | 669,289,000 | 696,040,000 |
| Total loans | 523,783,000 | 547,191,000 | 575,853,000 | 585,567,000 |
| Allowance for loan losses | 5,225,000 | 6,660,000 | 7,921,000 | 8,037,000 |
| Securities available for sale | 25,105,000 | 26,299,000 | 24,264,000 | 33,750,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 498,610,000 | 534,814,000 | 556,173,000 | 586,403,000 |
| Interest-bearing deposits | 447,197,000 | 463,318,000 | 480,603,000 | 512,565,000 |
| Noninterest-bearing deposits | 51,413,000 | 71,496,000 | 75,570,000 | 73,838,000 |
| Equity capital | 70,321,000 | 72,384,000 | 72,483,000 | 76,558,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Interest income | 6,670,000 | 13,190,000 | 19,846,000 | 26,750,000 |
| Interest expense | 1,308,000 | 2,452,000 | 3,415,000 | 4,233,000 |
| Net interest income | 5,362,000 | 10,738,000 | 16,431,000 | 22,517,000 |
| Noninterest income | 700,000 | 1,592,000 | 2,171,000 | 2,776,000 |
| Noninterest expense | 4,810,000 | 9,608,000 | 14,567,000 | 19,717,000 |
| Provision for loan losses | 401,000 | 1,857,000 | 3,161,000 | 3,292,000 |
| Pretax income | -4,351,000 | -1,814,000 | -1,823,000 | 2,056,000 |
| Income tax | -941,000 | -433,000 | -468,000 | 310,000 |
| Net income | -3,410,000 | -1,381,000 | -1,355,000 | 1,746,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Tier 1 capital | 72,185,000 | 74,277,000 | 74,302,000 | 77,403,000 |
| Total capital | 78,389,000 | 80,500,000 | 80,694,000 | 84,042,000 |
| Risk-weighted assets | 495,956,000 | 496,023,000 | 508,405,000 | 528,304,000 |