Call reports 2008
VALLEY NATIONAL BANK — 2008
What VALLEY NATIONAL BANK reported to the FFIEC in 2008, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Total assets | 12,933,726,000 | 12,965,879,000 | 14,269,419,000 | 14,700,181,000 |
| Total loans | 8,676,064,000 | 9,048,257,000 | 10,059,647,000 | 10,148,231,000 |
| Allowance for loan losses | 72,917,000 | 73,729,000 | 88,158,000 | 93,244,000 |
| Securities available for sale | 1,820,579,000 | 1,859,201,000 | 1,709,961,000 | 1,432,874,000 |
| Securities held to maturity | 637,162,000 | 650,734,000 | 654,193,000 | 1,154,737,000 |
| Trading assets | 412,994,000 | 67,458,000 | 61,383,000 | 34,236,000 |
| Total deposits | 8,471,396,000 | 8,459,917,000 | 9,123,214,000 | 9,524,925,000 |
| Interest-bearing deposits | 7,989,131,000 | 7,938,240,000 | 8,499,501,000 | 7,368,325,000 |
| Noninterest-bearing deposits | 482,265,000 | 521,677,000 | 623,713,000 | 2,156,600,000 |
| Equity capital | 1,060,842,000 | 1,028,320,000 | 1,200,528,000 | 1,249,915,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Interest income | 176,200,000 | 352,177,000 | 543,298,000 | 730,023,000 |
| Interest expense | 77,616,000 | 148,092,000 | 220,846,000 | 297,377,000 |
| Net interest income | 98,584,000 | 204,085,000 | 322,452,000 | 432,646,000 |
| Noninterest income | 20,674,000 | 37,777,000 | 50,723,000 | 66,548,000 |
| Noninterest expense | 66,736,000 | 130,052,000 | 201,726,000 | 280,783,000 |
| Provision for loan losses | 4,158,000 | 9,851,000 | 17,318,000 | 29,060,000 |
| Pretax income | 48,462,000 | 101,349,000 | 86,582,000 | 110,294,000 |
| Income tax | 13,575,000 | 23,621,000 | 16,451,000 | 16,920,000 |
| Net income | 34,887,000 | 77,728,000 | 70,131,000 | 93,374,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Tier 1 capital | 886,113,000 | 879,647,000 | 933,885,000 | 996,484,000 |
| Total capital | 1,061,143,000 | 1,055,596,000 | 1,123,645,000 | 1,191,222,000 |
| Risk-weighted assets | 9,726,710,000 | 10,059,234,000 | 11,100,664,000 | 11,183,049,000 |