Call reports 2008
METHUEN CO-OPERATIVE BANK — 2008
What METHUEN CO-OPERATIVE BANK reported to the FFIEC in 2008, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Total assets | 72,021,000 | 72,370,000 | 71,879,000 | 70,867,000 |
| Total loans | 45,740,000 | 45,443,000 | 45,756,000 | 47,052,000 |
| Allowance for loan losses | 346,000 | 329,000 | 328,000 | 370,000 |
| Securities available for sale | 1,433,000 | 1,321,000 | 1,278,000 | 1,226,000 |
| Securities held to maturity | 13,149,000 | 12,140,000 | 11,794,000 | 11,038,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 63,587,000 | 63,855,000 | 63,425,000 | 62,381,000 |
| Interest-bearing deposits | 60,121,000 | 60,077,000 | 59,357,000 | 59,232,000 |
| Noninterest-bearing deposits | 3,466,000 | 3,778,000 | 4,068,000 | 3,149,000 |
| Equity capital | 8,393,000 | 8,463,000 | 8,393,000 | 8,415,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Interest income | 918,000 | 1,816,000 | 2,698,000 | 3,596,000 |
| Interest expense | 409,000 | 758,000 | 1,085,000 | 1,406,000 |
| Net interest income | 509,000 | 1,058,000 | 1,613,000 | 2,190,000 |
| Noninterest income | 66,000 | 138,000 | 213,000 | 290,000 |
| Noninterest expense | 534,000 | 1,078,000 | 1,612,000 | 2,162,000 |
| Provision for loan losses | 8,000 | 15,000 | 23,000 | 65,000 |
| Pretax income | 33,000 | 103,000 | 61,000 | 21,000 |
| Income tax | 8,000 | 1,000 | 1,000 | -29,000 |
| Net income | 25,000 | 102,000 | 60,000 | 50,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Tier 1 capital | 8,407,000 | 8,484,000 | 8,441,000 | 8,432,000 |
| Total capital | 8,753,000 | 8,813,000 | 8,769,000 | 8,802,000 |
| Risk-weighted assets | 40,397,000 | 39,932,000 | 40,564,000 | 40,773,000 |
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