Call reports 2024
PARTNERS BANK OF NEW ENGLAND — 2024
What PARTNERS 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 | 1,079,745,000 | 1,071,403,000 | 1,064,825,000 | 1,041,970,000 |
| Total loans | 896,160,000 | 893,732,000 | 883,708,000 | 872,561,000 |
| Allowance for loan losses | 8,988,000 | 8,947,000 | 8,899,000 | 8,602,000 |
| Securities available for sale | 97,998,000 | 97,285,000 | 91,966,000 | 86,381,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 803,428,000 | 787,661,000 | 811,295,000 | 827,656,000 |
| Interest-bearing deposits | 720,207,000 | 703,075,000 | 714,431,000 | 740,120,000 |
| Noninterest-bearing deposits | 83,221,000 | 84,586,000 | 96,864,000 | 87,536,000 |
| Equity capital | 88,109,000 | 89,467,000 | 93,281,000 | 91,891,000 |
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 | 12,568,000 | 25,341,000 | 37,997,000 | 50,800,000 |
| Interest expense | 5,912,000 | 12,153,000 | 18,191,000 | 23,949,000 |
| Net interest income | 6,656,000 | 13,188,000 | 19,806,000 | 26,851,000 |
| Noninterest income | 705,000 | 1,455,000 | 2,382,000 | 3,587,000 |
| Noninterest expense | 6,121,000 | 12,417,000 | 18,855,000 | 25,510,000 |
| Provision for loan losses | 77,000 | 75,000 | 54,000 | -189,000 |
| Pretax income | 1,857,000 | 2,562,000 | 3,323,000 | 4,013,000 |
| Income tax | 406,000 | 564,000 | 732,000 | 832,000 |
| Net income | 1,451,000 | 1,998,000 | 2,591,000 | 3,181,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Tier 1 capital | 101,900,000 | 102,446,000 | 103,040,000 | 103,630,000 |
| Total capital | 111,750,000 | 111,503,000 | 112,090,000 | 112,365,000 |
| Risk-weighted assets | 800,567,000 | 783,329,000 | 791,420,000 | 754,219,000 |