Call reports 2004
MERRIMAC SAVINGS BANK — 2004
What MERRIMAC SAVINGS BANK reported to the FFIEC in 2004, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2004Q1 | 2004Q2 | 2004Q3 | 2004Q4 |
|---|---|---|---|---|
| Total assets | 37,126,000 | 37,779,000 | 37,727,000 | 40,316,000 |
| Total loans | 18,205,000 | 21,456,000 | 23,214,000 | 24,331,000 |
| Allowance for loan losses | 215,000 | 215,000 | 215,000 | 215,000 |
| Securities available for sale | 14,240,000 | 12,162,000 | 11,206,000 | 10,402,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 33,303,000 | 34,141,000 | 33,936,000 | 36,598,000 |
| Interest-bearing deposits | 31,491,000 | 31,749,000 | 31,630,000 | 33,846,000 |
| Noninterest-bearing deposits | 1,812,000 | 2,391,000 | 2,306,000 | 2,752,000 |
| Equity capital | 3,733,000 | 3,549,000 | 3,685,000 | 3,629,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2004Q1 | 2004Q2 | 2004Q3 | 2004Q4 |
|---|---|---|---|---|
| Interest income | 481,000 | 946,000 | 1,433,000 | 1,946,000 |
| Interest expense | 118,000 | 231,000 | 348,000 | 475,000 |
| Net interest income | 363,000 | 715,000 | 1,085,000 | 1,471,000 |
| Noninterest income | 30,000 | 52,000 | 71,000 | 86,000 |
| Noninterest expense | 306,000 | 643,000 | 998,000 | 1,532,000 |
| Provision for loan losses | 0 | 0 | 0 | 0 |
| Pretax income | 128,000 | 176,000 | 210,000 | 77,000 |
| Income tax | 52,000 | 72,000 | 86,000 | 5,000 |
| Net income | 76,000 | 104,000 | 124,000 | 72,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2004Q1 | 2004Q2 | 2004Q3 | 2004Q4 |
|---|---|---|---|---|
| Tier 1 capital | 3,597,000 | 3,625,000 | 3,645,000 | 3,593,000 |
| Total capital | 3,862,000 | 3,875,000 | 3,905,000 | 3,862,000 |
| Risk-weighted assets | 17,491,000 | 18,999,000 | 19,430,000 | 20,703,000 |