Call reports 2010
MECHANICS COOPERATIVE BANK — 2010
What MECHANICS COOPERATIVE BANK reported to the FFIEC in 2010, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2010Q1 | 2010Q2 | 2010Q3 | 2010Q4 |
|---|---|---|---|---|
| Total assets | 374,720,000 | 378,446,000 | 393,973,000 | 368,995,000 |
| Total loans | 197,260,000 | 208,608,000 | 226,269,000 | 230,626,000 |
| Allowance for loan losses | 2,384,000 | 2,384,000 | 2,516,000 | 2,661,000 |
| Securities available for sale | 139,164,000 | 131,314,000 | 119,982,000 | 106,894,000 |
| Securities held to maturity | 3,330,000 | 3,319,000 | 3,320,000 | 3,320,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 307,575,000 | 313,841,000 | 320,237,000 | 313,685,000 |
| Interest-bearing deposits | 289,921,000 | 294,171,000 | 301,173,000 | 293,939,000 |
| Noninterest-bearing deposits | 17,654,000 | 19,670,000 | 19,064,000 | 19,746,000 |
| Equity capital | 28,420,000 | 29,026,000 | 29,573,000 | 29,898,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2010Q1 | 2010Q2 | 2010Q3 | 2010Q4 |
|---|---|---|---|---|
| Interest income | 4,401,000 | 8,739,000 | 13,097,000 | 17,472,000 |
| Interest expense | 1,765,000 | 3,384,000 | 4,967,000 | 6,464,000 |
| Net interest income | 2,636,000 | 5,355,000 | 8,130,000 | 11,008,000 |
| Noninterest income | 334,000 | 616,000 | 1,062,000 | 1,514,000 |
| Noninterest expense | 2,357,000 | 4,631,000 | 6,943,000 | 9,331,000 |
| Provision for loan losses | -114,000 | -68,000 | 157,000 | 321,000 |
| Pretax income | 683,000 | 1,345,000 | 2,074,000 | 3,041,000 |
| Income tax | 213,000 | 418,000 | 651,000 | 923,000 |
| Net income | 470,000 | 927,000 | 1,423,000 | 2,118,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2010Q1 | 2010Q2 | 2010Q3 | 2010Q4 |
|---|---|---|---|---|
| Tier 1 capital | 26,867,000 | 27,324,000 | 27,817,000 | 28,502,000 |
| Total capital | 29,443,000 | 29,785,000 | 30,496,000 | 31,250,000 |
| Risk-weighted assets | 218,871,000 | 225,563,000 | 240,249,000 | 235,538,000 |