Call reports 2008
SOMERVILLE BANK — 2008
What SOMERVILLE BANK reported to the FFIEC in 2008, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Total assets | 128,678,000 | 124,564,000 | 122,750,000 | 124,909,000 |
| Total loans | 90,613,000 | 86,237,000 | 88,699,000 | 90,081,000 |
| Allowance for loan losses | 915,000 | 927,000 | 930,000 | 905,000 |
| Securities available for sale | 940,000 | 3,877,000 | 4,316,000 | 5,296,000 |
| Securities held to maturity | 17,943,000 | 16,914,000 | 14,929,000 | 12,533,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 112,955,000 | 108,824,000 | 106,155,000 | 107,307,000 |
| Interest-bearing deposits | 103,239,000 | 99,589,000 | 96,946,000 | 96,990,000 |
| Noninterest-bearing deposits | 9,716,000 | 9,235,000 | 9,209,000 | 10,317,000 |
| Equity capital | 14,056,000 | 14,210,000 | 13,955,000 | 14,130,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Interest income | 2,026,000 | 3,948,000 | 5,827,000 | 7,889,000 |
| Interest expense | 1,090,000 | 2,000,000 | 2,799,000 | 3,589,000 |
| Net interest income | 936,000 | 1,948,000 | 3,028,000 | 4,300,000 |
| Noninterest income | 495,000 | 775,000 | 1,061,000 | 1,109,000 |
| Noninterest expense | 904,000 | 1,819,000 | 2,766,000 | 3,745,000 |
| Provision for loan losses | 160,000 | 220,000 | 280,000 | 340,000 |
| Pretax income | 367,000 | 685,000 | 501,000 | 735,000 |
| Income tax | 0 | 0 | 0 | 0 |
| Net income | 367,000 | 685,000 | 501,000 | 735,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Tier 1 capital | 13,769,000 | 13,964,000 | 13,683,000 | 13,821,000 |
| Total capital | 14,684,000 | 14,891,000 | 14,613,000 | 14,726,000 |
| Risk-weighted assets | 78,735,000 | 75,529,000 | 74,948,000 | 75,246,000 |
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