Call reports 2007
SOVEREIGN BANK — 2007
What SOVEREIGN BANK reported to the FFIEC in 2007, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2007Q1 | 2007Q2 | 2007Q3 | 2007Q4 |
|---|---|---|---|---|
| Total assets | 474,637,000 | 514,091,000 | 563,101,000 | 601,608,000 |
| Total loans | 381,320,000 | 428,445,000 | 442,964,000 | 493,546,000 |
| Allowance for loan losses | 3,874,000 | 4,288,000 | 4,307,000 | 4,646,000 |
| Securities available for sale | 64,981,000 | 58,606,000 | 85,145,000 | 75,880,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 402,084,000 | 426,767,000 | 481,878,000 | 486,396,000 |
| Interest-bearing deposits | 348,595,000 | 368,448,000 | 409,383,000 | 396,837,000 |
| Noninterest-bearing deposits | 53,490,000 | 58,318,000 | 72,495,000 | 89,559,000 |
| Equity capital | 41,277,000 | 45,932,000 | 49,427,000 | 54,427,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2007Q1 | 2007Q2 | 2007Q3 | 2007Q4 |
|---|---|---|---|---|
| Interest income | 8,929,000 | 18,604,000 | 29,324,000 | 39,944,000 |
| Interest expense | 4,463,000 | 9,216,000 | 14,684,000 | 19,853,000 |
| Net interest income | 4,466,000 | 9,388,000 | 14,640,000 | 20,091,000 |
| Noninterest income | 111,000 | 350,000 | 550,000 | 701,000 |
| Noninterest expense | 4,045,000 | 8,230,000 | 12,585,000 | 16,968,000 |
| Provision for loan losses | 191,000 | 579,000 | 624,000 | 974,000 |
| Pretax income | 341,000 | 929,000 | 1,981,000 | 2,850,000 |
| Income tax | -113,000 | -133,000 | 272,000 | 625,000 |
| Net income | 454,000 | 1,062,000 | 1,709,000 | 2,225,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2007Q1 | 2007Q2 | 2007Q3 | 2007Q4 |
|---|---|---|---|---|
| Tier 1 capital | 41,597,000 | 46,405,000 | 49,552,000 | 54,068,000 |
| Total capital | 45,471,000 | 50,693,000 | 53,859,000 | 58,714,000 |
| Risk-weighted assets | 437,238,000 | 506,683,000 | 537,135,000 | 582,296,000 |