Call reports 2023
PARTNERS BANK OF NEW ENGLAND — 2023
What PARTNERS 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 | 1,044,604,000 | 1,072,006,000 | 1,080,866,000 | 1,091,692,000 |
| Total loans | 860,779,000 | 882,529,000 | 885,312,000 | 899,416,000 |
| Allowance for loan losses | 8,850,000 | 9,218,000 | 9,351,000 | 8,920,000 |
| Securities available for sale | 114,629,000 | 119,416,000 | 114,239,000 | 110,719,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 888,210,000 | 821,428,000 | 797,533,000 | 771,961,000 |
| Interest-bearing deposits | 804,103,000 | 733,665,000 | 703,024,000 | 689,714,000 |
| Noninterest-bearing deposits | 84,107,000 | 87,763,000 | 94,509,000 | 82,247,000 |
| Equity capital | 82,605,000 | 81,921,000 | 79,915,000 | 87,410,000 |
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 | 10,690,000 | 22,258,000 | 34,370,000 | 46,822,000 |
| Interest expense | 3,024,000 | 7,354,000 | 12,288,000 | 17,792,000 |
| Net interest income | 7,666,000 | 14,904,000 | 22,082,000 | 29,030,000 |
| Noninterest income | 600,000 | 1,281,000 | 1,960,000 | 2,676,000 |
| Noninterest expense | 6,384,000 | 12,531,000 | 18,763,000 | 24,947,000 |
| Provision for loan losses | 87,000 | 459,000 | 511,000 | 123,000 |
| Pretax income | 2,279,000 | 3,884,000 | 5,039,000 | 9,039,000 |
| Income tax | 500,000 | 854,000 | 1,110,000 | 1,982,000 |
| Net income | 1,779,000 | 3,030,000 | 3,929,000 | 7,057,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Tier 1 capital | 95,170,000 | 96,422,000 | 97,321,000 | 100,449,000 |
| Total capital | 104,783,000 | 106,192,000 | 107,202,000 | 110,215,000 |
| Risk-weighted assets | 768,946,000 | 781,267,000 | 790,169,000 | 806,698,000 |