Call reports 2024
SOMERVILLE BANK — 2024
What SOMERVILLE BANK reported to the FFIEC in 2024, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Total assets | 263,438,000 | 262,685,000 | 263,484,000 | 266,820,000 |
| Total loans | 187,578,000 | 189,824,000 | 188,089,000 | 191,571,000 |
| Allowance for loan losses | 2,149,000 | 2,195,000 | 2,240,000 | 2,277,000 |
| Securities available for sale | 60,486,000 | 59,451,000 | 60,408,000 | 58,588,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 226,031,000 | 223,667,000 | 224,973,000 | 234,185,000 |
| Interest-bearing deposits | 177,858,000 | 176,082,000 | 177,444,000 | 183,027,000 |
| Noninterest-bearing deposits | 48,173,000 | 47,585,000 | 47,529,000 | 51,158,000 |
| Equity capital | 18,932,000 | 18,982,000 | 20,286,000 | 19,641,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Interest income | 2,896,000 | 5,942,000 | 9,049,000 | 12,206,000 |
| Interest expense | 1,143,000 | 2,344,000 | 3,580,000 | 4,861,000 |
| Net interest income | 1,753,000 | 3,598,000 | 5,469,000 | 7,345,000 |
| Noninterest income | 90,000 | 234,000 | 423,000 | 751,000 |
| Noninterest expense | 1,520,000 | 3,047,000 | 4,773,000 | 6,432,000 |
| Provision for loan losses | 45,000 | 90,000 | 135,000 | 180,000 |
| Pretax income | 278,000 | 695,000 | 986,000 | 1,487,000 |
| Income tax | 0 | 0 | 0 | 0 |
| Net income | 278,000 | 695,000 | 986,000 | 1,487,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Tier 1 capital | 26,047,000 | 26,324,000 | 26,490,000 | 26,801,000 |