Call reports 2009
SOVEREIGN BANK — 2009
What SOVEREIGN BANK reported to the FFIEC in 2009, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2009Q1 | 2009Q2 | 2009Q3 | 2009Q4 |
|---|---|---|---|---|
| Total assets | 774,191,000 | 760,256,000 | 777,493,000 | 761,538,000 |
| Total loans | 564,411,000 | 550,134,000 | 560,468,000 | 533,966,000 |
| Allowance for loan losses | 6,876,000 | 9,126,000 | 9,256,000 | 10,748,000 |
| Securities available for sale | 167,745,000 | 164,022,000 | 155,075,000 | 138,708,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 556,516,000 | 565,609,000 | 607,721,000 | 611,762,000 |
| Interest-bearing deposits | 477,656,000 | 496,643,000 | 529,401,000 | 516,248,000 |
| Noninterest-bearing deposits | 78,860,000 | 68,966,000 | 78,320,000 | 95,514,000 |
| Equity capital | 84,509,000 | 83,897,000 | 85,956,000 | 86,478,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2009Q1 | 2009Q2 | 2009Q3 | 2009Q4 |
|---|---|---|---|---|
| Interest income | 9,504,000 | 19,113,000 | 28,947,000 | 38,563,000 |
| Interest expense | 3,694,000 | 7,108,000 | 10,348,000 | 13,393,000 |
| Net interest income | 5,810,000 | 12,005,000 | 18,599,000 | 25,170,000 |
| Noninterest income | 191,000 | -138,000 | 211,000 | 425,000 |
| Noninterest expense | 6,638,000 | 10,902,000 | 14,823,000 | 19,747,000 |
| Provision for loan losses | 500,000 | 2,750,000 | 5,550,000 | 7,250,000 |
| Pretax income | 645,000 | 1,225,000 | 1,846,000 | 2,768,000 |
| Income tax | 324,000 | 470,000 | 646,000 | 906,000 |
| Net income | 321,000 | 755,000 | 1,200,000 | 1,862,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2009Q1 | 2009Q2 | 2009Q3 | 2009Q4 |
|---|---|---|---|---|
| Tier 1 capital | 84,125,000 | 84,558,000 | 85,004,000 | 85,665,000 |
| Total capital | 91,001,000 | 92,337,000 | 92,862,000 | 93,165,000 |
| Risk-weighted assets | 638,338,000 | 621,002,000 | 627,256,000 | 596,723,000 |