Call reports 2011
MERRIMAC SAVINGS BANK — 2011
What MERRIMAC SAVINGS BANK reported to the FFIEC in 2011, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2011Q1 | 2011Q2 | 2011Q3 | 2011Q4 |
|---|---|---|---|---|
| Total assets | 62,039,000 | 65,556,000 | 63,490,000 | 63,350,000 |
| Total loans | 40,743,000 | 40,100,000 | 39,502,000 | 40,407,000 |
| Allowance for loan losses | 290,000 | 312,000 | 297,000 | 374,000 |
| Securities available for sale | 16,265,000 | 17,175,000 | 15,617,000 | 18,639,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 55,914,000 | 59,468,000 | 56,474,000 | 56,165,000 |
| Interest-bearing deposits | 48,663,000 | 50,889,000 | 48,028,000 | 48,227,000 |
| Noninterest-bearing deposits | 7,251,000 | 8,579,000 | 8,446,000 | 7,938,000 |
| Equity capital | 3,660,000 | 4,004,000 | 4,343,000 | 4,532,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2011Q1 | 2011Q2 | 2011Q3 | 2011Q4 |
|---|---|---|---|---|
| Interest income | 694,000 | 1,376,000 | 2,043,000 | 2,674,000 |
| Interest expense | 102,000 | 194,000 | 273,000 | 347,000 |
| Net interest income | 592,000 | 1,182,000 | 1,770,000 | 2,327,000 |
| Noninterest income | 126,000 | 243,000 | 374,000 | 498,000 |
| Noninterest expense | 603,000 | 1,208,000 | 1,829,000 | 2,455,000 |
| Provision for loan losses | 12,000 | 37,000 | 105,000 | 161,000 |
| Pretax income | 103,000 | 180,000 | 369,000 | 399,000 |
| Income tax | 13,000 | 18,000 | 64,000 | 29,000 |
| Net income | 90,000 | 162,000 | 305,000 | 370,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2011Q1 | 2011Q2 | 2011Q3 | 2011Q4 |
|---|---|---|---|---|
| Tier 1 capital | 3,753,000 | 3,825,000 | 3,973,000 | 4,092,000 |
| Total capital | 4,067,000 | 4,177,000 | 4,285,000 | 4,475,000 |
| Risk-weighted assets | 34,643,000 | 34,350,000 | 33,587,000 | 34,309,000 |