Call reports 2010
SOVEREIGN BANK — 2010
What SOVEREIGN BANK reported to the FFIEC in 2010, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2010Q1 | 2010Q2 | 2010Q3 | 2010Q4 |
|---|---|---|---|---|
| Total assets | 712,462,000 | 779,226,000 | 736,277,000 | 738,778,000 |
| Total loans | 507,238,000 | 496,247,000 | 452,541,000 | 442,781,000 |
| Allowance for loan losses | 10,477,000 | 10,115,000 | 9,066,000 | 8,614,000 |
| Securities available for sale | 149,358,000 | 153,785,000 | 241,238,000 | 256,510,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 563,492,000 | 628,789,000 | 583,883,000 | 582,715,000 |
| Interest-bearing deposits | 482,612,000 | 525,116,000 | 515,581,000 | 507,304,000 |
| Noninterest-bearing deposits | 80,880,000 | 103,674,000 | 68,302,000 | 75,412,000 |
| Equity capital | 87,475,000 | 88,177,000 | 90,672,000 | 87,218,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2010Q1 | 2010Q2 | 2010Q3 | 2010Q4 |
|---|---|---|---|---|
| Interest income | 8,832,000 | 17,267,000 | 26,161,000 | 34,806,000 |
| Interest expense | 2,496,000 | 4,986,000 | 7,515,000 | 9,879,000 |
| Net interest income | 6,336,000 | 12,281,000 | 18,646,000 | 24,927,000 |
| Noninterest income | -1,040,000 | -870,000 | -1,654,000 | -1,830,000 |
| Noninterest expense | 4,815,000 | 10,018,000 | 14,912,000 | 19,289,000 |
| Provision for loan losses | 0 | 0 | -1,000,000 | -1,350,000 |
| Pretax income | 635,000 | 1,728,000 | 4,511,000 | 6,614,000 |
| Income tax | 205,000 | 527,000 | 1,327,000 | 1,895,000 |
| Net income | 430,000 | 1,201,000 | 3,184,000 | 4,719,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2010Q1 | 2010Q2 | 2010Q3 | 2010Q4 |
|---|---|---|---|---|
| Tier 1 capital | 86,095,000 | 86,866,000 | 88,849,000 | 90,384,000 |
| Total capital | 93,130,000 | 93,826,000 | 95,226,000 | 96,754,000 |
| Risk-weighted assets | 559,348,000 | 553,613,000 | 507,442,000 | 507,387,000 |