Call reports 2002
MERRIMAC SAVINGS BANK — 2002
What MERRIMAC SAVINGS BANK reported to the FFIEC in 2002, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2002Q1 | 2002Q2 | 2002Q3 | 2002Q4 |
|---|---|---|---|---|
| Total assets | 33,159,000 | 33,175,000 | 33,346,000 | 34,013,000 |
| Total loans | 16,646,000 | 15,641,000 | 15,013,000 | 15,783,000 |
| Allowance for loan losses | 261,000 | 261,000 | 243,000 | 243,000 |
| Securities available for sale | 10,277,000 | 11,055,000 | 13,446,000 | 13,511,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 29,723,000 | 29,680,000 | 29,749,000 | 30,410,000 |
| Interest-bearing deposits | 28,006,000 | 27,998,000 | 28,201,000 | 28,757,000 |
| Noninterest-bearing deposits | 1,717,000 | 1,682,000 | 1,548,000 | 1,652,000 |
| Equity capital | 3,421,000 | 3,460,000 | 3,541,000 | 3,547,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2002Q1 | 2002Q2 | 2002Q3 | 2002Q4 |
|---|---|---|---|---|
| Interest income | 508,000 | 965,000 | 1,428,000 | 1,887,000 |
| Interest expense | 178,000 | 338,000 | 498,000 | 654,000 |
| Net interest income | 330,000 | 627,000 | 930,000 | 1,233,000 |
| Noninterest income | 36,000 | 56,000 | 66,000 | 71,000 |
| Noninterest expense | 253,000 | 567,000 | 875,000 | 1,178,000 |
| Provision for loan losses | 0 | 0 | 0 | 0 |
| Pretax income | 114,000 | 117,000 | 123,000 | 128,000 |
| Income tax | 12,000 | 48,000 | 18,000 | 25,000 |
| Net income | 102,000 | 69,000 | 105,000 | 103,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2002Q1 | 2002Q2 | 2002Q3 | 2002Q4 |
|---|---|---|---|---|
| Tier 1 capital | 3,357,000 | 3,324,000 | 3,360,000 | 3,358,000 |
| Total capital | 3,603,000 | 3,552,000 | 3,558,000 | 3,585,000 |
| Risk-weighted assets | 16,904,000 | 16,197,000 | 15,106,000 | 16,923,000 |