Call reports 2012
MERRIMAC SAVINGS BANK — 2012
What MERRIMAC SAVINGS BANK reported to the FFIEC in 2012, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2012Q1 | 2012Q2 | 2012Q3 | 2012Q4 |
|---|---|---|---|---|
| Total assets | 60,804,000 | 63,497,000 | 67,399,000 | 70,836,000 |
| Total loans | 42,142,000 | 42,651,000 | 41,638,000 | 41,600,000 |
| Allowance for loan losses | 357,000 | 373,000 | 388,000 | 426,000 |
| Securities available for sale | 13,050,000 | 15,681,000 | 19,206,000 | 24,597,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 55,152,000 | 55,941,000 | 61,506,000 | 62,772,000 |
| Interest-bearing deposits | 45,331,000 | 52,400,000 | 58,030,000 | 52,939,000 |
| Noninterest-bearing deposits | 9,821,000 | 3,541,000 | 3,476,000 | 9,833,000 |
| Equity capital | 4,508,000 | 4,600,000 | 4,774,000 | 4,736,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2012Q1 | 2012Q2 | 2012Q3 | 2012Q4 |
|---|---|---|---|---|
| Interest income | 609,000 | 1,209,000 | 1,838,000 | 2,442,000 |
| Interest expense | 71,000 | 141,000 | 222,000 | 299,000 |
| Net interest income | 538,000 | 1,068,000 | 1,616,000 | 2,143,000 |
| Noninterest income | 122,000 | 251,000 | 378,000 | 510,000 |
| Noninterest expense | 633,000 | 1,251,000 | 1,866,000 | 2,509,000 |
| Provision for loan losses | 88,000 | 100,000 | 112,000 | 155,000 |
| Pretax income | 322,000 | 388,000 | 500,000 | 527,000 |
| Income tax | 113,000 | 121,000 | 143,000 | 122,000 |
| Net income | 209,000 | 267,000 | 357,000 | 405,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2012Q1 | 2012Q2 | 2012Q3 | 2012Q4 |
|---|---|---|---|---|
| Tier 1 capital | 4,301,000 | 4,359,000 | 4,450,000 | 4,545,000 |
| Total capital | 4,667,000 | 4,732,000 | 4,838,000 | 4,971,000 |
| Risk-weighted assets | 34,626,000 | 35,021,000 | 34,432,000 | 34,243,000 |