Call reports 2008
SOVEREIGN BANK — 2008
What SOVEREIGN 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 | 632,482,000 | 674,290,000 | 718,009,000 | 756,030,000 |
| Total loans | 526,698,000 | 550,980,000 | 564,515,000 | 545,385,000 |
| Allowance for loan losses | 4,979,000 | 5,352,000 | 5,544,000 | 6,376,000 |
| Securities available for sale | 67,878,000 | 80,232,000 | 107,712,000 | 133,136,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 504,372,000 | 520,986,000 | 580,352,000 | 607,292,000 |
| Interest-bearing deposits | 403,217,000 | 438,103,000 | 483,821,000 | 515,997,000 |
| Noninterest-bearing deposits | 101,155,000 | 82,883,000 | 96,531,000 | 91,295,000 |
| Equity capital | 56,297,000 | 64,092,000 | 65,942,000 | 66,751,000 |
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 | 9,810,000 | 19,105,000 | 29,140,000 | 38,983,000 |
| Interest expense | 4,818,000 | 8,809,000 | 13,269,000 | 17,573,000 |
| Net interest income | 4,992,000 | 10,296,000 | 15,871,000 | 21,410,000 |
| Noninterest income | 187,000 | 389,000 | 408,000 | 509,000 |
| Noninterest expense | 4,403,000 | 8,954,000 | 13,519,000 | 18,841,000 |
| Provision for loan losses | 360,000 | 810,000 | 1,110,000 | 1,960,000 |
| Pretax income | 703,000 | 1,646,000 | 2,603,000 | 2,576,000 |
| Income tax | 258,000 | 602,000 | 953,000 | 855,000 |
| Net income | 445,000 | 1,044,000 | 1,650,000 | 1,721,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Tier 1 capital | 55,313,000 | 64,912,000 | 65,518,000 | 65,589,000 |
| Total capital | 60,292,000 | 70,264,000 | 71,062,000 | 71,965,000 |
| Risk-weighted assets | 596,215,000 | 613,304,000 | 636,616,000 | 606,504,000 |