Call reports 2003
MERRIMAC SAVINGS BANK — 2003
What MERRIMAC SAVINGS BANK reported to the FFIEC in 2003, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2003Q1 | 2003Q2 | 2003Q3 | 2003Q4 |
|---|---|---|---|---|
| Total assets | 35,322,000 | 36,372,000 | 36,875,000 | 37,781,000 |
| Total loans | 15,860,000 | 16,045,000 | 15,489,000 | 15,534,000 |
| Allowance for loan losses | 209,000 | 212,000 | 212,000 | 215,000 |
| Securities available for sale | 15,378,000 | 15,265,000 | 16,634,000 | 18,015,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 31,731,000 | 32,708,000 | 33,181,000 | 34,111,000 |
| Interest-bearing deposits | 30,036,000 | 30,896,000 | 31,706,000 | 31,654,000 |
| Noninterest-bearing deposits | 1,695,000 | 1,812,000 | 1,475,000 | 2,457,000 |
| Equity capital | 3,551,000 | 3,599,000 | 3,594,000 | 3,604,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2003Q1 | 2003Q2 | 2003Q3 | 2003Q4 |
|---|---|---|---|---|
| Interest income | 452,000 | 908,000 | 1,342,000 | 1,820,000 |
| Interest expense | 148,000 | 295,000 | 425,000 | 549,000 |
| Net interest income | 304,000 | 613,000 | 917,000 | 1,271,000 |
| Noninterest income | 16,000 | 33,000 | 85,000 | 113,000 |
| Noninterest expense | 306,000 | 604,000 | 904,000 | 1,275,000 |
| Provision for loan losses | 0 | 0 | 0 | 0 |
| Pretax income | 15,000 | 44,000 | 167,000 | 178,000 |
| Income tax | -16,000 | -5,000 | 49,000 | 14,000 |
| Net income | 31,000 | 49,000 | 118,000 | 164,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2003Q1 | 2003Q2 | 2003Q3 | 2003Q4 |
|---|---|---|---|---|
| Tier 1 capital | 3,390,000 | 3,407,000 | 3,476,000 | 3,522,000 |
| Total capital | 3,617,000 | 3,654,000 | 3,723,000 | 3,781,000 |
| Risk-weighted assets | 17,690,000 | 18,019,000 | 17,047,000 | 17,086,000 |