Call reports 2005
MERRIMAC SAVINGS BANK — 2005
What MERRIMAC SAVINGS BANK reported to the FFIEC in 2005, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2005Q1 | 2005Q2 | 2005Q3 | 2005Q4 |
|---|---|---|---|---|
| Total assets | 45,923,000 | 51,879,000 | 51,694,000 | 51,367,000 |
| Total loans | 25,768,000 | 30,043,000 | 33,124,000 | 35,235,000 |
| Allowance for loan losses | 218,000 | 180,000 | 178,000 | 272,000 |
| Securities available for sale | 14,391,000 | 11,568,000 | 10,981,000 | 10,596,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 42,439,000 | 48,286,000 | 48,180,000 | 47,948,000 |
| Interest-bearing deposits | 39,766,000 | 44,541,000 | 44,623,000 | 44,857,000 |
| Noninterest-bearing deposits | 2,673,000 | 3,745,000 | 3,557,000 | 3,091,000 |
| Equity capital | 3,431,000 | 3,531,000 | 3,452,000 | 3,371,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2005Q1 | 2005Q2 | 2005Q3 | 2005Q4 |
|---|---|---|---|---|
| Interest income | 557,000 | 1,164,000 | 1,820,000 | 2,508,000 |
| Interest expense | 167,000 | 366,000 | 597,000 | 845,000 |
| Net interest income | 390,000 | 798,000 | 1,223,000 | 1,663,000 |
| Noninterest income | 24,000 | 49,000 | 87,000 | 171,000 |
| Noninterest expense | 469,000 | 929,000 | 1,384,000 | 1,854,000 |
| Provision for loan losses | 3,000 | 6,000 | 9,000 | 103,000 |
| Pretax income | -40,000 | -63,000 | -58,000 | -98,000 |
| Income tax | 1,000 | 1,000 | 1,000 | 5,000 |
| Net income | -41,000 | -64,000 | -59,000 | -103,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2005Q1 | 2005Q2 | 2005Q3 | 2005Q4 |
|---|---|---|---|---|
| Tier 1 capital | 3,552,000 | 3,529,000 | 3,534,000 | 3,490,000 |
| Total capital | 3,809,000 | 3,754,000 | 3,757,000 | 3,804,000 |
| Risk-weighted assets | 22,792,000 | 26,465,000 | 27,841,000 | 28,637,000 |