Call reports 2016
SOVEREIGN BANK — 2016
What SOVEREIGN BANK reported to the FFIEC in 2016, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2016Q1 | 2016Q2 | 2016Q3 | 2016Q4 |
|---|---|---|---|---|
| Total assets | 1,073,179,000 | 1,090,890,000 | 1,097,839,000 | 1,076,120,000 |
| Total loans | 821,846,000 | 830,931,000 | 859,509,000 | 856,289,000 |
| Allowance for loan losses | 12,727,000 | 13,729,000 | 13,976,000 | 10,772,000 |
| Securities available for sale | 77,114,000 | 76,681,000 | 73,531,000 | 70,059,000 |
| Securities held to maturity | 127,231,000 | 122,237,000 | 115,413,000 | 110,206,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 836,546,000 | 814,681,000 | 859,298,000 | 857,842,000 |
| Interest-bearing deposits | 657,110,000 | 632,859,000 | 677,338,000 | 693,667,000 |
| Noninterest-bearing deposits | 179,435,000 | 181,822,000 | 181,960,000 | 164,175,000 |
| Equity capital | 122,323,000 | 123,982,000 | 125,647,000 | 126,126,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2016Q1 | 2016Q2 | 2016Q3 | 2016Q4 |
|---|---|---|---|---|
| Interest income | 10,848,000 | 21,571,000 | 32,282,000 | 43,120,000 |
| Interest expense | 1,350,000 | 2,758,000 | 4,264,000 | 5,864,000 |
| Net interest income | 9,498,000 | 18,813,000 | 28,018,000 | 37,256,000 |
| Noninterest income | 184,000 | 1,041,000 | 1,696,000 | 2,138,000 |
| Noninterest expense | 6,159,000 | 12,461,000 | 18,676,000 | 25,119,000 |
| Provision for loan losses | 1,800,000 | 2,750,000 | 3,000,000 | 2,750,000 |
| Pretax income | 2,770,000 | 5,691,000 | 9,090,000 | 12,577,000 |
| Income tax | 803,000 | 1,652,000 | 2,636,000 | 3,619,000 |
| Net income | 1,967,000 | 4,039,000 | 6,454,000 | 8,958,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2016Q1 | 2016Q2 | 2016Q3 | 2016Q4 |
|---|---|---|---|---|
| Tier 1 capital | 121,450,000 | 123,021,000 | 124,937,000 | 126,591,000 |
| Total capital | 133,828,000 | 135,695,000 | 137,725,000 | 137,362,000 |
| Risk-weighted assets | 989,916,000 | 1,012,847,000 | 1,021,870,000 | 1,016,351,000 |