Call reports 2006
SOVEREIGN BANK — 2006
What SOVEREIGN BANK reported to the FFIEC in 2006, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2006Q1 | 2006Q2 | 2006Q3 | 2006Q4 |
|---|---|---|---|---|
| Total assets | 352,997,000 | 408,913,000 | 437,457,000 | 486,450,000 |
| Total loans | 253,067,000 | 312,800,000 | 344,166,000 | 368,359,000 |
| Allowance for loan losses | 2,532,000 | 3,131,000 | 3,448,000 | 3,684,000 |
| Securities available for sale | 67,934,000 | 74,764,000 | 72,437,000 | 70,962,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 308,904,000 | 325,407,000 | 367,582,000 | 420,132,000 |
| Interest-bearing deposits | 261,361,000 | 271,092,000 | 314,294,000 | 355,309,000 |
| Noninterest-bearing deposits | 47,542,000 | 54,315,000 | 53,288,000 | 64,823,000 |
| Equity capital | 31,841,000 | 31,632,000 | 37,459,000 | 40,235,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2006Q1 | 2006Q2 | 2006Q3 | 2006Q4 |
|---|---|---|---|---|
| Interest income | 5,922,000 | 12,809,000 | 21,034,000 | 29,816,000 |
| Interest expense | 2,550,000 | 5,736,000 | 9,789,000 | 14,130,000 |
| Net interest income | 3,372,000 | 7,073,000 | 11,245,000 | 15,686,000 |
| Noninterest income | 87,000 | 252,000 | 381,000 | 505,000 |
| Noninterest expense | 2,843,000 | 5,973,000 | 9,667,000 | 13,780,000 |
| Provision for loan losses | 308,000 | 907,000 | 1,224,000 | 1,460,000 |
| Pretax income | 308,000 | 445,000 | 735,000 | 951,000 |
| Income tax | 0 | 0 | 0 | -350,000 |
| Net income | 308,000 | 445,000 | 735,000 | 1,301,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2006Q1 | 2006Q2 | 2006Q3 | 2006Q4 |
|---|---|---|---|---|
| Tier 1 capital | 32,650,000 | 32,788,000 | 38,077,000 | 40,643,000 |
| Total capital | 35,182,000 | 35,919,000 | 41,525,000 | 44,327,000 |
| Risk-weighted assets | 303,864,000 | 367,747,000 | 398,259,000 | 429,858,000 |