Call reports 2006
MERRIMAC SAVINGS BANK — 2006
What MERRIMAC SAVINGS BANK reported to the FFIEC in 2006, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2006Q1 | 2006Q2 | 2006Q3 | 2006Q4 |
|---|---|---|---|---|
| Total assets | 52,773,000 | 52,489,000 | 53,943,000 | 54,736,000 |
| Total loans | 37,421,000 | 38,925,000 | 39,342,000 | 39,430,000 |
| Allowance for loan losses | 281,000 | 285,000 | 288,000 | 291,000 |
| Securities available for sale | 10,271,000 | 9,938,000 | 9,932,000 | 9,739,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 49,410,000 | 48,673,000 | 50,450,000 | 51,209,000 |
| Interest-bearing deposits | 45,866,000 | 43,683,000 | 45,970,000 | 47,059,000 |
| Noninterest-bearing deposits | 3,544,000 | 4,990,000 | 4,480,000 | 4,150,000 |
| Equity capital | 3,305,000 | 3,270,000 | 3,422,000 | 3,464,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2006Q1 | 2006Q2 | 2006Q3 | 2006Q4 |
|---|---|---|---|---|
| Interest income | 706,000 | 1,450,000 | 2,224,000 | 3,006,000 |
| Interest expense | 277,000 | 565,000 | 885,000 | 1,203,000 |
| Net interest income | 429,000 | 885,000 | 1,339,000 | 1,803,000 |
| Noninterest income | 42,000 | 94,000 | 151,000 | 227,000 |
| Noninterest expense | 461,000 | 937,000 | 1,420,000 | 1,910,000 |
| Provision for loan losses | 9,000 | 12,000 | 15,000 | 18,000 |
| Pretax income | 1,000 | 30,000 | 55,000 | 102,000 |
| Income tax | 0 | 2,000 | 8,000 | 21,000 |
| Net income | 1,000 | 28,000 | 47,000 | 81,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2006Q1 | 2006Q2 | 2006Q3 | 2006Q4 |
|---|---|---|---|---|
| Tier 1 capital | 3,490,000 | 3,518,000 | 3,537,000 | 3,571,000 |
| Total capital | 3,816,000 | 3,835,000 | 3,870,000 | 3,914,000 |
| Risk-weighted assets | 30,323,000 | 30,536,000 | 30,769,000 | 31,310,000 |