Call reports 2007
MERRIMAC SAVINGS BANK — 2007
What MERRIMAC SAVINGS BANK reported to the FFIEC in 2007, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2007Q1 | 2007Q2 | 2007Q3 | 2007Q4 |
|---|---|---|---|---|
| Total assets | 55,008,000 | 55,503,000 | 54,790,000 | 55,997,000 |
| Total loans | 39,213,000 | 40,460,000 | 40,903,000 | 42,047,000 |
| Allowance for loan losses | 294,000 | 298,000 | 299,000 | 308,000 |
| Securities available for sale | 9,619,000 | 9,431,000 | 9,367,000 | 9,296,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 51,454,000 | 51,969,000 | 51,112,000 | 51,089,000 |
| Interest-bearing deposits | 47,593,000 | 47,944,000 | 46,936,000 | 46,865,000 |
| Noninterest-bearing deposits | 3,861,000 | 4,025,000 | 4,176,000 | 4,224,000 |
| Equity capital | 3,504,000 | 3,467,000 | 3,581,000 | 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 | 2007Q1 | 2007Q2 | 2007Q3 | 2007Q4 |
|---|---|---|---|---|
| Interest income | 801,000 | 1,603,000 | 2,423,000 | 3,244,000 |
| Interest expense | 342,000 | 687,000 | 1,039,000 | 1,384,000 |
| Net interest income | 459,000 | 916,000 | 1,384,000 | 1,860,000 |
| Noninterest income | 57,000 | 122,000 | 193,000 | 265,000 |
| Noninterest expense | 500,000 | 991,000 | 1,491,000 | 2,018,000 |
| Provision for loan losses | 3,000 | 16,000 | 17,000 | 62,000 |
| Pretax income | 13,000 | 103,000 | 141,000 | 105,000 |
| Income tax | 5,000 | 34,000 | 45,000 | 32,000 |
| Net income | 8,000 | 69,000 | 96,000 | 73,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2007Q1 | 2007Q2 | 2007Q3 | 2007Q4 |
|---|---|---|---|---|
| Tier 1 capital | 3,578,000 | 3,640,000 | 3,667,000 | 3,644,000 |
| Total capital | 3,924,000 | 3,957,000 | 3,984,000 | 3,971,000 |
| Risk-weighted assets | 31,700,000 | 32,431,000 | 32,668,000 | 34,725,000 |