Call reports 2001
MERRIMAC SAVINGS BANK — 2001
What MERRIMAC SAVINGS BANK reported to the FFIEC in 2001, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2001Q1 | 2001Q2 | 2001Q3 | 2001Q4 |
|---|---|---|---|---|
| Total assets | 33,539,000 | 33,257,000 | 32,730,000 | 33,281,000 |
| Total loans | 15,385,000 | 15,023,000 | 16,556,000 | 16,280,000 |
| Allowance for loan losses | 329,000 | 329,000 | 261,000 | 261,000 |
| Securities available for sale | 8,311,000 | 8,242,000 | 10,478,000 | 11,222,000 |
| Securities held to maturity | 602,000 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 30,477,000 | 29,890,000 | 29,310,000 | 29,866,000 |
| Interest-bearing deposits | 29,211,000 | 28,174,000 | 28,127,000 | 28,414,000 |
| Noninterest-bearing deposits | 1,266,000 | 1,716,000 | 1,183,000 | 1,452,000 |
| Equity capital | 2,893,000 | 3,340,000 | 3,360,000 | 3,367,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2001Q1 | 2001Q2 | 2001Q3 | 2001Q4 |
|---|---|---|---|---|
| Interest income | 544,000 | 1,040,000 | 1,594,000 | 2,118,000 |
| Interest expense | 317,000 | 629,000 | 891,000 | 1,135,000 |
| Net interest income | 227,000 | 411,000 | 703,000 | 983,000 |
| Noninterest income | 19,000 | 156,000 | 135,000 | 155,000 |
| Noninterest expense | 321,000 | 643,000 | 889,000 | 1,144,000 |
| Provision for loan losses | 0 | 0 | 0 | 0 |
| Pretax income | -75,000 | -76,000 | -50,000 | 10,000 |
| Income tax | 0 | 0 | 26,000 | 26,000 |
| Net income | -75,000 | -76,000 | -76,000 | -16,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2001Q1 | 2001Q2 | 2001Q3 | 2001Q4 |
|---|---|---|---|---|
| Tier 1 capital | 2,931,000 | 3,230,000 | 3,230,000 | 3,255,000 |
| Total capital | 3,186,000 | 3,445,000 | 3,443,000 | 3,468,000 |
| Risk-weighted assets | 17,293,000 | 17,095,000 | 16,953,000 | 17,030,000 |