Call reports 2003
VALLEY NATIONAL BANK — 2003
What VALLEY NATIONAL BANK reported to the FFIEC in 2003, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2003Q1 | 2003Q2 | 2003Q3 | 2003Q4 |
|---|---|---|---|---|
| Total assets | 9,328,838,000 | 9,385,335,000 | 9,580,923,000 | 9,702,284,000 |
| Total loans | 5,969,108,000 | 6,133,387,000 | 6,155,223,000 | 6,172,410,000 |
| Allowance for loan losses | 66,791,000 | 67,477,000 | 65,138,000 | 64,650,000 |
| Securities available for sale | 2,110,673,000 | 2,013,596,000 | 1,500,852,000 | 1,657,648,000 |
| Securities held to maturity | 534,264,000 | 534,033,000 | 1,188,062,000 | 1,176,812,000 |
| Trading assets | 2,437,000 | 3,525,000 | 2,976,000 | 4,252,000 |
| Total deposits | 6,749,750,000 | 7,029,760,000 | 7,174,493,000 | 7,167,758,000 |
| Interest-bearing deposits | 6,199,639,000 | 6,456,176,000 | 6,636,236,000 | 6,649,725,000 |
| Noninterest-bearing deposits | 550,111,000 | 573,584,000 | 538,257,000 | 518,033,000 |
| Equity capital | 707,907,000 | 722,316,000 | 696,730,000 | 708,810,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2003Q1 | 2003Q2 | 2003Q3 | 2003Q4 |
|---|---|---|---|---|
| Interest income | 126,335,000 | 252,321,000 | 373,105,000 | 497,382,000 |
| Interest expense | 33,366,000 | 66,737,000 | 102,750,000 | 134,468,000 |
| Net interest income | 92,969,000 | 185,584,000 | 270,355,000 | 362,914,000 |
| Noninterest income | 22,378,000 | 45,259,000 | 72,215,000 | 91,938,000 |
| Noninterest expense | 53,494,000 | 108,720,000 | 161,424,000 | 212,987,000 |
| Provision for loan losses | 3,255,000 | 5,010,000 | 6,095,000 | 7,345,000 |
| Pretax income | 61,809,000 | 123,072,000 | 181,621,000 | 242,493,000 |
| Income tax | 21,071,000 | 42,089,000 | 62,226,000 | 83,213,000 |
| Net income | 40,738,000 | 80,983,000 | 119,395,000 | 159,280,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2003Q1 | 2003Q2 | 2003Q3 | 2003Q4 |
|---|---|---|---|---|
| Tier 1 capital | 659,612,000 | 674,015,000 | 655,500,000 | 671,464,000 |
| Total capital | 726,403,000 | 741,492,000 | 720,638,000 | 736,114,000 |
| Risk-weighted assets | 6,852,269,000 | 6,980,314,000 | 7,101,548,000 | 7,137,600,000 |