Call reports 2008
MERRIMAC SAVINGS BANK — 2008
What MERRIMAC SAVINGS BANK reported to the FFIEC in 2008, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Total assets | 56,594,000 | 57,489,000 | 58,169,000 | 59,433,000 |
| Total loans | 43,876,000 | 44,810,000 | 44,782,000 | 45,031,000 |
| Allowance for loan losses | 329,000 | 359,000 | 396,000 | 438,000 |
| Securities available for sale | 8,401,000 | 8,324,000 | 7,186,000 | 6,701,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 51,109,000 | 52,059,000 | 53,614,000 | 52,428,000 |
| Interest-bearing deposits | 46,338,000 | 47,439,000 | 48,263,000 | 46,901,000 |
| Noninterest-bearing deposits | 4,771,000 | 4,620,000 | 5,351,000 | 5,527,000 |
| Equity capital | 3,661,000 | 3,614,000 | 2,711,000 | 3,254,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Interest income | 810,000 | 1,630,000 | 2,439,000 | 3,217,000 |
| Interest expense | 322,000 | 594,000 | 859,000 | 1,086,000 |
| Net interest income | 488,000 | 1,036,000 | 1,580,000 | 2,131,000 |
| Noninterest income | 85,000 | 163,000 | 252,000 | 331,000 |
| Noninterest expense | 510,000 | 1,035,000 | 1,567,000 | 2,109,000 |
| Provision for loan losses | 19,000 | 51,000 | 99,000 | 141,000 |
| Pretax income | 44,000 | 113,000 | -782,000 | -735,000 |
| Income tax | 7,000 | 23,000 | 35,000 | -341,000 |
| Net income | 37,000 | 90,000 | -817,000 | -394,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Tier 1 capital | 3,662,000 | 3,685,000 | 3,215,000 | 3,218,000 |
| Total capital | 3,991,000 | 4,044,000 | 3,616,000 | 3,656,000 |
| Risk-weighted assets | 36,088,000 | 37,371,000 | 37,009,000 | 36,228,000 |