Call reports 2011
SOVEREIGN BANK — 2011
What SOVEREIGN BANK reported to the FFIEC in 2011, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2011Q1 | 2011Q2 | 2011Q3 | 2011Q4 |
|---|---|---|---|---|
| Total assets | 752,898,000 | 817,444,000 | 837,650,000 | 847,448,000 |
| Total loans | 447,029,000 | 466,226,000 | 460,687,000 | 523,863,000 |
| Allowance for loan losses | 8,616,000 | 8,319,000 | 8,307,000 | 8,561,000 |
| Securities available for sale | 261,610,000 | 265,032,000 | 275,579,000 | 288,028,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 599,907,000 | 658,894,000 | 667,372,000 | 665,283,000 |
| Interest-bearing deposits | 515,508,000 | 563,670,000 | 558,205,000 | 550,268,000 |
| Noninterest-bearing deposits | 84,399,000 | 95,224,000 | 109,167,000 | 115,015,000 |
| Equity capital | 91,510,000 | 96,141,000 | 106,208,000 | 107,529,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2011Q1 | 2011Q2 | 2011Q3 | 2011Q4 |
|---|---|---|---|---|
| Interest income | 8,808,000 | 18,303,000 | 27,774,000 | 37,245,000 |
| Interest expense | 2,195,000 | 4,509,000 | 6,886,000 | 9,113,000 |
| Net interest income | 6,613,000 | 13,794,000 | 20,888,000 | 28,132,000 |
| Noninterest income | 251,000 | 801,000 | 1,316,000 | 1,736,000 |
| Noninterest expense | 5,277,000 | 10,871,000 | 16,786,000 | 22,477,000 |
| Provision for loan losses | 0 | 0 | 0 | 1,350,000 |
| Pretax income | 1,587,000 | 3,777,000 | 6,507,000 | 7,130,000 |
| Income tax | 342,000 | 846,000 | 1,422,000 | 1,250,000 |
| Net income | 1,245,000 | 2,931,000 | 5,085,000 | 5,880,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2011Q1 | 2011Q2 | 2011Q3 | 2011Q4 |
|---|---|---|---|---|
| Tier 1 capital | 91,629,000 | 93,315,000 | 100,214,000 | 101,008,000 |
| Total capital | 97,998,000 | 100,049,000 | 106,846,000 | 108,396,000 |
| Risk-weighted assets | 507,273,000 | 537,157,000 | 528,868,000 | 589,853,000 |