Call reports 2013
SOVEREIGN BANK — 2013
What SOVEREIGN BANK reported to the FFIEC in 2013, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2013Q1 | 2013Q2 | 2013Q3 | 2013Q4 |
|---|---|---|---|---|
| Total assets | 1,067,889,000 | 1,086,761,000 | 1,083,289,000 | 1,042,183,000 |
| Total loans | 604,080,000 | 646,947,000 | 668,114,000 | 624,405,000 |
| Allowance for loan losses | 11,846,000 | 11,846,000 | 11,846,000 | 11,198,000 |
| Securities available for sale | 383,953,000 | 367,687,000 | 359,705,000 | 335,026,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 863,958,000 | 886,244,000 | 892,631,000 | 860,773,000 |
| Interest-bearing deposits | 720,171,000 | 735,999,000 | 727,311,000 | 682,354,000 |
| Noninterest-bearing deposits | 143,788,000 | 150,246,000 | 165,320,000 | 178,420,000 |
| Equity capital | 110,960,000 | 104,927,000 | 104,706,000 | 105,918,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2013Q1 | 2013Q2 | 2013Q3 | 2013Q4 |
|---|---|---|---|---|
| Interest income | 9,584,000 | 19,729,000 | 29,700,000 | 40,001,000 |
| Interest expense | 2,348,000 | 4,742,000 | 6,854,000 | 8,647,000 |
| Net interest income | 7,236,000 | 14,987,000 | 22,846,000 | 31,354,000 |
| Noninterest income | 536,000 | 700,000 | 1,325,000 | 1,873,000 |
| Noninterest expense | 6,442,000 | 15,255,000 | 22,331,000 | 30,028,000 |
| Provision for loan losses | 0 | 0 | 0 | 0 |
| Pretax income | 1,330,000 | 2,362,000 | 3,773,000 | 5,201,000 |
| Income tax | 238,000 | 441,000 | 641,000 | 744,000 |
| Net income | 1,092,000 | 1,921,000 | 3,132,000 | 4,457,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2013Q1 | 2013Q2 | 2013Q3 | 2013Q4 |
|---|---|---|---|---|
| Tier 1 capital | 107,165,000 | 107,695,000 | 108,705,000 | 110,031,000 |
| Total capital | 116,151,000 | 117,013,000 | 118,258,000 | 119,066,000 |
| Risk-weighted assets | 716,020,000 | 742,892,000 | 761,980,000 | 720,664,000 |