Call reports 2005
SOVEREIGN BANK — 2005
What SOVEREIGN BANK reported to the FFIEC in 2005, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2005Q1 | 2005Q2 | 2005Q3 | 2005Q4 |
|---|---|---|---|---|
| Total assets | 165,438,000 | 226,991,000 | 278,210,000 | 302,688,000 |
| Total loans | 107,723,000 | 153,988,000 | 178,221,000 | 222,212,000 |
| Allowance for loan losses | 872,000 | 1,656,000 | 1,781,000 | 2,224,000 |
| Securities available for sale | 44,520,000 | 54,469,000 | 66,234,000 | 62,927,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 127,760,000 | 183,569,000 | 233,980,000 | 250,028,000 |
| Interest-bearing deposits | 103,979,000 | 150,112,000 | 198,084,000 | 209,831,000 |
| Noninterest-bearing deposits | 23,781,000 | 33,457,000 | 35,896,000 | 40,198,000 |
| Equity capital | 32,471,000 | 31,991,000 | 32,102,000 | 31,637,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2005Q1 | 2005Q2 | 2005Q3 | 2005Q4 |
|---|---|---|---|---|
| Interest income | 1,995,000 | 4,951,000 | 8,957,000 | 13,817,000 |
| Interest expense | 534,000 | 1,516,000 | 3,081,000 | 5,137,000 |
| Net interest income | 1,461,000 | 3,435,000 | 5,876,000 | 8,680,000 |
| Noninterest income | 24,000 | 68,000 | 156,000 | 203,000 |
| Noninterest expense | 1,502,000 | 3,409,000 | 5,576,000 | 8,040,000 |
| Provision for loan losses | 400,000 | 1,184,000 | 1,309,000 | 1,779,000 |
| Pretax income | -417,000 | -1,089,000 | -852,000 | -935,000 |
| Income tax | 0 | 0 | 0 | 0 |
| Net income | -417,000 | -1,089,000 | -852,000 | -935,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2005Q1 | 2005Q2 | 2005Q3 | 2005Q4 |
|---|---|---|---|---|
| Tier 1 capital | 32,860,000 | 32,188,000 | 32,425,000 | 32,342,000 |
| Total capital | 33,732,000 | 33,844,000 | 34,206,000 | 34,566,000 |
| Risk-weighted assets | 128,793,000 | 181,733,000 | 226,458,000 | 273,891,000 |