Call reports 2010
MERRIMAC SAVINGS BANK — 2010
What MERRIMAC SAVINGS BANK reported to the FFIEC in 2010, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2010Q1 | 2010Q2 | 2010Q3 | 2010Q4 |
|---|---|---|---|---|
| Total assets | 61,756,000 | 63,888,000 | 60,352,000 | 63,332,000 |
| Total loans | 43,842,000 | 43,016,000 | 42,642,000 | 41,464,000 |
| Allowance for loan losses | 551,000 | 361,000 | 306,000 | 310,000 |
| Securities available for sale | 12,864,000 | 14,361,000 | 13,902,000 | 14,227,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 55,315,000 | 57,766,000 | 53,675,000 | 57,517,000 |
| Interest-bearing deposits | 46,446,000 | 49,253,000 | 46,940,000 | 50,170,000 |
| Noninterest-bearing deposits | 8,869,000 | 8,513,000 | 6,735,000 | 7,347,000 |
| Equity capital | 3,541,000 | 3,694,000 | 3,836,000 | 3,346,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2010Q1 | 2010Q2 | 2010Q3 | 2010Q4 |
|---|---|---|---|---|
| Interest income | 751,000 | 1,477,000 | 2,187,000 | 2,891,000 |
| Interest expense | 142,000 | 266,000 | 385,000 | 494,000 |
| Net interest income | 609,000 | 1,211,000 | 1,802,000 | 2,397,000 |
| Noninterest income | 113,000 | 255,000 | 370,000 | 497,000 |
| Noninterest expense | 589,000 | 1,228,000 | 1,804,000 | 2,401,000 |
| Provision for loan losses | 142,000 | 150,000 | 163,000 | 169,000 |
| Pretax income | -9,000 | 114,000 | 319,000 | 439,000 |
| Income tax | -15,000 | 24,000 | 92,000 | 113,000 |
| Net income | 6,000 | 90,000 | 227,000 | 326,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2010Q1 | 2010Q2 | 2010Q3 | 2010Q4 |
|---|---|---|---|---|
| Tier 1 capital | 3,385,000 | 3,444,000 | 3,651,000 | 3,670,000 |
| Total capital | 3,843,000 | 3,805,000 | 3,959,000 | 3,985,000 |
| Risk-weighted assets | 36,544,000 | 35,316,000 | 34,672,000 | 34,425,000 |
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