Call reports 2021
METHUEN CO-OPERATIVE BANK — 2021
What METHUEN CO-OPERATIVE BANK reported to the FFIEC in 2021, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2021Q1 | 2021Q2 | 2021Q3 | 2021Q4 |
|---|---|---|---|---|
| Total assets | 115,545,000 | 116,231,000 | 119,045,000 | 118,427,000 |
| Total loans | 69,452,000 | 78,353,000 | 77,609,000 | 78,759,000 |
| Allowance for loan losses | 608,000 | 608,000 | 608,000 | 608,000 |
| Securities available for sale | 0 | 0 | 0 | 0 |
| Securities held to maturity | 18,171,000 | 17,970,000 | 14,748,000 | 14,803,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 104,941,000 | 105,508,000 | 108,196,000 | 107,239,000 |
| Interest-bearing deposits | 88,042,000 | 88,429,000 | 90,190,000 | 91,257,000 |
| Noninterest-bearing deposits | 16,899,000 | 17,079,000 | 18,006,000 | 15,982,000 |
| Equity capital | 10,442,000 | 10,559,000 | 10,660,000 | 10,953,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2021Q1 | 2021Q2 | 2021Q3 | 2021Q4 |
|---|---|---|---|---|
| Interest income | 899,000 | 1,758,000 | 2,613,000 | 3,526,000 |
| Interest expense | 109,000 | 209,000 | 300,000 | 382,000 |
| Net interest income | 790,000 | 1,549,000 | 2,313,000 | 3,144,000 |
| Noninterest income | 48,000 | 125,000 | 170,000 | 424,000 |
| Noninterest expense | 607,000 | 1,287,000 | 1,961,000 | 2,644,000 |
| Provision for loan losses | 0 | 0 | 0 | 0 |
| Pretax income | 231,000 | 387,000 | 522,000 | 924,000 |
| Income tax | 60,000 | 99,000 | 133,000 | 242,000 |
| Net income | 171,000 | 288,000 | 389,000 | 682,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2021Q1 | 2021Q2 | 2021Q3 | 2021Q4 |
|---|---|---|---|---|
| Tier 1 capital | 10,442,000 | 10,559,000 | 10,660,000 | 10,953,000 |