Call reports 2004
SOVEREIGN BANK — 2004
What SOVEREIGN BANK reported to the FFIEC in 2004, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2004Q3 | 2004Q4 |
|---|---|---|
| Total assets | 59,627,000 | 104,523,000 |
| Total loans | 18,630,000 | 59,938,000 |
| Allowance for loan losses | 65,000 | 472,000 |
| Securities available for sale | 21,064,000 | 27,132,000 |
| Securities held to maturity | 0 | 0 |
| Trading assets | 0 | 0 |
| Total deposits | 27,205,000 | 71,035,000 |
| Interest-bearing deposits | 20,544,000 | 52,197,000 |
| Noninterest-bearing deposits | 6,661,000 | 18,838,000 |
| Equity capital | 32,377,000 | 33,236,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2004Q3 | 2004Q4 |
|---|---|---|
| Interest income | 233,000 | 1,267,000 |
| Interest expense | 40,000 | 271,000 |
| Net interest income | 193,000 | 996,000 |
| Noninterest income | 4,000 | 11,000 |
| Noninterest expense | 772,000 | 2,250,000 |
| Provision for loan losses | 65,000 | 472,000 |
| Pretax income | -640,000 | -1,723,000 |
| Income tax | 0 | 0 |
| Net income | -640,000 | -1,723,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2004Q3 | 2004Q4 |
|---|---|---|
| Tier 1 capital | 32,360,000 | 33,277,000 |
| Total capital | 32,425,000 | 33,749,000 |
| Risk-weighted assets | 29,135,000 | 80,597,000 |