Call reports 2003
SOMERVILLE BANK — 2003
What SOMERVILLE BANK reported to the FFIEC in 2003, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2003Q1 | 2003Q2 | 2003Q3 | 2003Q4 |
|---|---|---|---|---|
| Total assets | 119,698,000 | 120,563,000 | 122,318,000 | 120,771,000 |
| Total loans | 77,191,000 | 80,788,000 | 80,954,000 | 84,751,000 |
| Allowance for loan losses | 872,000 | 884,000 | 898,000 | 884,000 |
| Securities available for sale | 9,378,000 | 5,765,000 | 9,443,000 | 6,556,000 |
| Securities held to maturity | 8,948,000 | 8,179,000 | 8,115,000 | 6,536,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 109,024,000 | 110,000,000 | 111,149,000 | 108,751,000 |
| Interest-bearing deposits | 101,834,000 | 103,726,000 | 103,186,000 | 102,610,000 |
| Noninterest-bearing deposits | 7,190,000 | 6,274,000 | 7,963,000 | 6,141,000 |
| Equity capital | 8,895,000 | 9,104,000 | 9,619,000 | 9,887,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2003Q1 | 2003Q2 | 2003Q3 | 2003Q4 |
|---|---|---|---|---|
| Interest income | 1,765,000 | 3,479,000 | 5,172,000 | 6,799,000 |
| Interest expense | 696,000 | 1,396,000 | 2,027,000 | 2,630,000 |
| Net interest income | 1,069,000 | 2,083,000 | 3,145,000 | 4,169,000 |
| Noninterest income | 262,000 | 594,000 | 932,000 | 1,123,000 |
| Noninterest expense | 640,000 | 1,397,000 | 2,164,000 | 2,879,000 |
| Provision for loan losses | 70,000 | 100,000 | 130,000 | 155,000 |
| Pretax income | 621,000 | 1,180,000 | 1,783,000 | 2,258,000 |
| Income tax | 192,000 | 367,000 | 558,000 | 723,000 |
| Net income | 429,000 | 813,000 | 1,225,000 | 1,535,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2003Q1 | 2003Q2 | 2003Q3 | 2003Q4 |
|---|---|---|---|---|
| Tier 1 capital | 8,930,000 | 9,316,000 | 9,712,000 | 10,043,000 |
| Total capital | 9,802,000 | 10,200,000 | 10,610,000 | 10,927,000 |
| Risk-weighted assets | 73,311,000 | 76,778,000 | 75,555,000 | 77,202,000 |
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