Call reports 2023
SOMERVILLE BANK — 2023
What SOMERVILLE BANK reported to the FFIEC in 2023, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Total assets | 263,110,000 | 264,686,000 | 255,814,000 | 263,766,000 |
| Total loans | 181,685,000 | 185,737,000 | 186,673,000 | 189,521,000 |
| Allowance for loan losses | 1,974,000 | 2,019,000 | 2,062,000 | 2,105,000 |
| Securities available for sale | 62,823,000 | 61,695,000 | 57,303,000 | 61,773,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 227,069,000 | 228,592,000 | 223,318,000 | 225,590,000 |
| Interest-bearing deposits | 171,032,000 | 173,091,000 | 172,837,000 | 175,820,000 |
| Noninterest-bearing deposits | 56,037,000 | 55,501,000 | 50,481,000 | 49,770,000 |
| Equity capital | 17,090,000 | 17,313,000 | 13,696,000 | 19,196,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Interest income | 2,626,000 | 5,405,000 | 8,303,000 | 11,206,000 |
| Interest expense | 669,000 | 1,511,000 | 2,479,000 | 3,563,000 |
| Net interest income | 1,957,000 | 3,894,000 | 5,824,000 | 7,643,000 |
| Noninterest income | 71,000 | 143,000 | 335,000 | 526,000 |
| Noninterest expense | 1,440,000 | 2,972,000 | 4,562,000 | 6,116,000 |
| Provision for loan losses | 45,000 | 90,000 | 135,000 | 180,000 |
| Pretax income | 478,000 | 910,000 | 1,397,000 | 1,808,000 |
| Income tax | 0 | 0 | 0 | 0 |
| Net income | 478,000 | 910,000 | 1,397,000 | 1,808,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Tier 1 capital | 25,124,000 | 25,381,000 | 25,693,000 | 25,909,000 |