Call reports 2002
SOMERVILLE BANK — 2002
What SOMERVILLE BANK reported to the FFIEC in 2002, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2002Q1 | 2002Q2 | 2002Q3 | 2002Q4 |
|---|---|---|---|---|
| Total assets | 105,843,000 | 107,743,000 | 112,787,000 | 117,008,000 |
| Total loans | 69,869,000 | 76,325,000 | 80,732,000 | 82,585,000 |
| Allowance for loan losses | 723,000 | 806,000 | 800,000 | 806,000 |
| Securities available for sale | 11,498,000 | 9,591,000 | 8,627,000 | 8,753,000 |
| Securities held to maturity | 10,251,000 | 11,405,000 | 11,046,000 | 11,540,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 96,246,000 | 97,934,000 | 103,051,000 | 106,948,000 |
| Interest-bearing deposits | 89,429,000 | 91,317,000 | 96,890,000 | 100,292,000 |
| Noninterest-bearing deposits | 6,817,000 | 6,617,000 | 6,161,000 | 6,656,000 |
| Equity capital | 7,697,000 | 7,999,000 | 8,060,000 | 8,476,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2002Q1 | 2002Q2 | 2002Q3 | 2002Q4 |
|---|---|---|---|---|
| Interest income | 1,743,000 | 3,525,000 | 5,349,000 | 7,209,000 |
| Interest expense | 843,000 | 1,664,000 | 2,508,000 | 3,347,000 |
| Net interest income | 900,000 | 1,861,000 | 2,841,000 | 3,862,000 |
| Noninterest income | 136,000 | 270,000 | 491,000 | 826,000 |
| Noninterest expense | 544,000 | 1,080,000 | 1,701,000 | 2,349,000 |
| Provision for loan losses | 46,000 | 134,000 | 209,000 | 267,000 |
| Pretax income | 446,000 | 917,000 | 1,057,000 | 1,747,000 |
| Income tax | 141,000 | 289,000 | 314,000 | 592,000 |
| Net income | 305,000 | 628,000 | 743,000 | 1,155,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2002Q1 | 2002Q2 | 2002Q3 | 2002Q4 |
|---|---|---|---|---|
| Tier 1 capital | 7,643,000 | 7,967,000 | 8,085,000 | 8,499,000 |
| Total capital | 8,366,000 | 8,773,000 | 8,885,000 | 9,305,000 |
| Risk-weighted assets | 65,767,000 | 70,580,000 | 73,939,000 | 76,961,000 |
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