Call reports 2014
SOVEREIGN BANK — 2014
What SOVEREIGN BANK reported to the FFIEC in 2014, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2014Q1 | 2014Q2 | 2014Q3 | 2014Q4 |
|---|---|---|---|---|
| Total assets | 1,021,029,000 | 1,028,538,000 | 1,045,858,000 | 1,046,073,000 |
| Total loans | 617,465,000 | 646,222,000 | 656,960,000 | 680,060,000 |
| Allowance for loan losses | 11,198,000 | 8,821,000 | 8,832,000 | 8,252,000 |
| Securities available for sale | 341,520,000 | 170,844,000 | 166,341,000 | 166,148,000 |
| Securities held to maturity | 0 | 165,988,000 | 159,957,000 | 155,482,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 827,128,000 | 795,046,000 | 804,069,000 | 793,657,000 |
| Interest-bearing deposits | 677,887,000 | 635,462,000 | 639,481,000 | 638,257,000 |
| Noninterest-bearing deposits | 149,241,000 | 159,584,000 | 164,588,000 | 155,400,000 |
| Equity capital | 108,387,000 | 113,280,000 | 115,328,000 | 112,935,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2014Q1 | 2014Q2 | 2014Q3 | 2014Q4 |
|---|---|---|---|---|
| Interest income | 9,629,000 | 19,313,000 | 29,437,000 | 39,788,000 |
| Interest expense | 1,454,000 | 2,833,000 | 4,118,000 | 5,402,000 |
| Net interest income | 8,175,000 | 16,480,000 | 25,319,000 | 34,386,000 |
| Noninterest income | 315,000 | 1,483,000 | 2,099,000 | 2,566,000 |
| Noninterest expense | 7,132,000 | 14,102,000 | 20,931,000 | 32,164,000 |
| Provision for loan losses | 0 | 0 | 0 | 0 |
| Pretax income | 1,358,000 | 3,861,000 | 6,487,000 | 4,788,000 |
| Income tax | 340,000 | 966,000 | 1,622,000 | 596,000 |
| Net income | 1,018,000 | 2,895,000 | 4,865,000 | 4,192,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2014Q1 | 2014Q2 | 2014Q3 | 2014Q4 |
|---|---|---|---|---|
| Tier 1 capital | 111,049,000 | 112,625,000 | 114,596,000 | 111,622,000 |
| Total capital | 120,120,000 | 121,446,000 | 123,428,000 | 119,874,000 |
| Risk-weighted assets | 723,518,000 | 773,576,000 | 816,396,000 | 872,574,000 |