Call reports 2023
METHUEN CO-OPERATIVE BANK — 2023
What METHUEN CO-OPERATIVE BANK reported to the FFIEC in 2023, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Total assets | 127,689,000 | 132,513,000 | 132,406,000 | 134,444,000 |
| Total loans | 87,344,000 | 90,044,000 | 93,844,000 | 97,594,000 |
| Allowance for loan losses | 578,000 | 555,000 | 540,000 | 529,000 |
| Securities available for sale | 0 | 0 | 0 | 0 |
| Securities held to maturity | 16,597,000 | 15,768,000 | 14,873,000 | 14,938,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 115,791,000 | 120,387,000 | 120,098,000 | 122,038,000 |
| Interest-bearing deposits | 98,539,000 | 100,652,000 | 100,934,000 | 100,952,000 |
| Noninterest-bearing deposits | 17,252,000 | 19,735,000 | 19,164,000 | 21,086,000 |
| Equity capital | 11,706,000 | 11,897,000 | 12,046,000 | 12,140,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Interest income | 1,130,000 | 2,393,000 | 3,729,000 | 5,116,000 |
| Interest expense | 222,000 | 566,000 | 971,000 | 1,421,000 |
| Net interest income | 908,000 | 1,827,000 | 2,758,000 | 3,695,000 |
| Noninterest income | 41,000 | 88,000 | 129,000 | 171,000 |
| Noninterest expense | 742,000 | 1,469,000 | 2,274,000 | 3,131,000 |
| Provision for loan losses | -40,000 | -63,000 | -78,000 | -89,000 |
| Pretax income | 214,000 | 473,000 | 673,000 | 812,000 |
| Income tax | 56,000 | 124,000 | 175,000 | 220,000 |
| Net income | 158,000 | 349,000 | 498,000 | 592,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Tier 1 capital | 11,706,000 | 11,897,000 | 12,046,000 | 12,140,000 |