Call reports 2020
METHUEN CO-OPERATIVE BANK — 2020
What METHUEN CO-OPERATIVE BANK reported to the FFIEC in 2020, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Total assets | 93,165,000 | 102,100,000 | 105,495,000 | 109,810,000 |
| Total loans | 51,286,000 | 60,989,000 | 64,308,000 | 66,373,000 |
| Allowance for loan losses | 608,000 | 608,000 | 608,000 | 608,000 |
| Securities available for sale | 0 | 0 | 0 | 0 |
| Securities held to maturity | 12,831,000 | 13,853,000 | 14,774,000 | 18,038,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 82,881,000 | 91,810,000 | 95,099,000 | 99,395,000 |
| Interest-bearing deposits | 71,746,000 | 75,610,000 | 79,640,000 | 82,454,000 |
| Noninterest-bearing deposits | 11,135,000 | 16,200,000 | 15,459,000 | 16,941,000 |
| Equity capital | 10,133,000 | 10,166,000 | 10,247,000 | 10,271,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Interest income | 950,000 | 1,708,000 | 2,495,000 | 3,281,000 |
| Interest expense | 127,000 | 256,000 | 387,000 | 509,000 |
| Net interest income | 823,000 | 1,452,000 | 2,108,000 | 2,772,000 |
| Noninterest income | 77,000 | 136,000 | 183,000 | 254,000 |
| Noninterest expense | 668,000 | 1,314,000 | 1,921,000 | 2,626,000 |
| Provision for loan losses | 0 | 0 | 0 | 0 |
| Pretax income | 232,000 | 274,000 | 383,000 | 413,000 |
| Income tax | 63,000 | 72,000 | 99,000 | 106,000 |
| Net income | 169,000 | 202,000 | 284,000 | 307,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Tier 1 capital | 10,133,000 | 10,166,000 | 10,247,000 | 10,271,000 |