Call reports 2024
METHUEN CO-OPERATIVE BANK — 2024
What METHUEN CO-OPERATIVE BANK reported to the FFIEC in 2024, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Total assets | 133,405,000 | 139,003,000 | 141,806,000 | 137,256,000 |
| Total loans | 100,181,000 | 104,552,000 | 101,913,000 | 103,958,000 |
| Allowance for loan losses | 531,000 | 486,000 | 456,000 | 433,000 |
| Securities available for sale | 0 | 0 | 0 | 0 |
| Securities held to maturity | 15,186,000 | 14,865,000 | 14,886,000 | 15,255,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 120,938,000 | 124,459,000 | 129,184,000 | 124,519,000 |
| Interest-bearing deposits | 102,298,000 | 106,851,000 | 109,217,000 | 104,826,000 |
| Noninterest-bearing deposits | 18,640,000 | 17,608,000 | 19,967,000 | 19,693,000 |
| Equity capital | 12,173,000 | 12,259,000 | 12,377,000 | 12,490,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Interest income | 1,408,000 | 2,885,000 | 4,454,000 | 6,004,000 |
| Interest expense | 527,000 | 1,125,000 | 1,748,000 | 2,355,000 |
| Net interest income | 881,000 | 1,760,000 | 2,706,000 | 3,649,000 |
| Noninterest income | 38,000 | 77,000 | 118,000 | 159,000 |
| Noninterest expense | 862,000 | 1,726,000 | 2,585,000 | 3,439,000 |
| Provision for loan losses | 2,000 | -43,000 | -73,000 | -96,000 |
| Pretax income | 42,000 | 153,000 | 313,000 | 464,000 |
| Income tax | 9,000 | 34,000 | 76,000 | 114,000 |
| Net income | 33,000 | 119,000 | 237,000 | 350,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Tier 1 capital | 12,173,000 | 12,259,000 | 12,377,000 | 12,490,000 |
| Total capital | — | — | — | 12,948,000 |
| Risk-weighted assets | — | — | — | 84,042,000 |