Call reports 2020
SOMERVILLE BANK — 2020
What SOMERVILLE BANK reported to the FFIEC in 2020, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Total assets | 207,842,000 | 226,840,000 | 235,333,000 | 241,112,000 |
| Total loans | 144,553,000 | 151,276,000 | 152,455,000 | 153,963,000 |
| Allowance for loan losses | 1,539,000 | 1,556,000 | 1,651,000 | 1,581,000 |
| Securities available for sale | 32,363,000 | 49,526,000 | 58,137,000 | 61,569,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 174,900,000 | 193,245,000 | 201,556,000 | 206,621,000 |
| Interest-bearing deposits | 143,673,000 | 153,697,000 | 159,544,000 | 162,397,000 |
| Noninterest-bearing deposits | 31,227,000 | 39,548,000 | 42,012,000 | 44,224,000 |
| Equity capital | 21,470,000 | 22,247,000 | 22,515,000 | 23,052,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Interest income | 2,110,000 | 4,233,000 | 6,441,000 | 8,701,000 |
| Interest expense | 525,000 | 1,089,000 | 1,655,000 | 2,167,000 |
| Net interest income | 1,585,000 | 3,144,000 | 4,786,000 | 6,534,000 |
| Noninterest income | 49,000 | 468,000 | 774,000 | 1,358,000 |
| Noninterest expense | 1,230,000 | 2,589,000 | 3,920,000 | 5,461,000 |
| Provision for loan losses | 36,000 | 72,000 | 166,000 | 281,000 |
| Pretax income | 368,000 | 1,224,000 | 1,790,000 | 2,466,000 |
| Income tax | 0 | 0 | 0 | 0 |
| Net income | 368,000 | 1,224,000 | 1,790,000 | 2,466,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Tier 1 capital | 20,655,000 | 21,361,000 | 21,677,000 | 21,703,000 |
| Total capital | 22,194,000 | — | — | — |
| Risk-weighted assets | 138,568,000 | — | — | — |