Call reports 2009
MERRIMAC SAVINGS BANK — 2009
What MERRIMAC SAVINGS BANK reported to the FFIEC in 2009, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2009Q1 | 2009Q2 | 2009Q3 | 2009Q4 |
|---|---|---|---|---|
| Total assets | 59,833,000 | 60,041,000 | 61,138,000 | 61,691,000 |
| Total loans | 44,004,000 | 44,058,000 | 45,168,000 | 44,082,000 |
| Allowance for loan losses | 450,000 | 401,000 | 442,000 | 431,000 |
| Securities available for sale | 7,155,000 | 12,296,000 | 11,421,000 | 12,182,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 52,929,000 | 53,502,000 | 54,599,000 | 55,497,000 |
| Interest-bearing deposits | 45,564,000 | 46,546,000 | 47,461,000 | 47,732,000 |
| Noninterest-bearing deposits | 7,365,000 | 6,956,000 | 7,138,000 | 7,765,000 |
| Equity capital | 3,184,000 | 3,261,000 | 3,556,000 | 3,459,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2009Q1 | 2009Q2 | 2009Q3 | 2009Q4 |
|---|---|---|---|---|
| Interest income | 731,000 | 1,484,000 | 2,281,000 | 3,047,000 |
| Interest expense | 205,000 | 396,000 | 570,000 | 729,000 |
| Net interest income | 526,000 | 1,088,000 | 1,711,000 | 2,318,000 |
| Noninterest income | 78,000 | 162,000 | 274,000 | 398,000 |
| Noninterest expense | 555,000 | 1,104,000 | 1,688,000 | 2,295,000 |
| Provision for loan losses | 12,000 | 45,000 | 85,000 | 99,000 |
| Pretax income | 38,000 | 172,000 | 332,000 | 445,000 |
| Income tax | 8,000 | 34,000 | 76,000 | 138,000 |
| Net income | 30,000 | 138,000 | 256,000 | 307,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2009Q1 | 2009Q2 | 2009Q3 | 2009Q4 |
|---|---|---|---|---|
| Tier 1 capital | 3,242,000 | 3,364,000 | 3,502,000 | 3,525,000 |
| Total capital | 3,692,000 | 3,765,000 | 3,944,000 | 3,956,000 |
| Risk-weighted assets | 36,689,000 | 37,041,000 | 36,758,000 | 35,728,000 |