Call reports 2002
VALLEY NATIONAL BANK — 2002
What VALLEY NATIONAL BANK reported to the FFIEC in 2002, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2002Q1 | 2002Q2 | 2002Q3 | 2002Q4 |
|---|---|---|---|---|
| Total assets | 8,392,017,000 | 8,597,197,000 | 8,874,322,000 | 8,976,215,000 |
| Total loans | 5,337,359,000 | 5,489,863,000 | 5,620,820,000 | 5,762,488,000 |
| Allowance for loan losses | 64,223,000 | 64,299,000 | 66,189,000 | 64,087,000 |
| Securities available for sale | 2,077,863,000 | 2,083,596,000 | 2,022,282,000 | 2,016,870,000 |
| Securities held to maturity | 457,716,000 | 464,029,000 | 456,159,000 | 525,066,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 6,410,696,000 | 6,593,936,000 | 6,630,144,000 | 6,686,464,000 |
| Interest-bearing deposits | 5,936,535,000 | 6,053,524,000 | 6,075,913,000 | 6,105,888,000 |
| Noninterest-bearing deposits | 474,161,000 | 540,412,000 | 554,231,000 | 580,576,000 |
| Equity capital | 685,603,000 | 706,223,000 | 713,271,000 | 713,049,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2002Q1 | 2002Q2 | 2002Q3 | 2002Q4 |
|---|---|---|---|---|
| Interest income | 128,003,000 | 259,206,000 | 390,341,000 | 516,945,000 |
| Interest expense | 40,858,000 | 81,130,000 | 121,600,000 | 158,969,000 |
| Net interest income | 87,145,000 | 178,076,000 | 268,741,000 | 357,976,000 |
| Noninterest income | 17,597,000 | 35,315,000 | 53,856,000 | 73,613,000 |
| Noninterest expense | 44,892,000 | 91,085,000 | 139,561,000 | 190,281,000 |
| Provision for loan losses | 3,705,000 | 7,679,000 | 10,978,000 | 13,644,000 |
| Pretax income | 56,464,000 | 114,905,000 | 172,630,000 | 229,650,000 |
| Income tax | 15,549,000 | 33,436,000 | 50,980,000 | 68,560,000 |
| Net income | 40,915,000 | 81,469,000 | 121,650,000 | 161,090,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2002Q1 | 2002Q2 | 2002Q3 | 2002Q4 |
|---|---|---|---|---|
| Tier 1 capital | 669,263,000 | 667,877,000 | 665,003,000 | 663,358,000 |
| Total capital | 733,486,000 | 732,176,000 | 731,192,000 | 727,445,000 |
| Risk-weighted assets | 6,080,801,000 | 6,278,046,000 | 6,463,972,000 | 6,629,486,000 |