Call reports 2013
MERRIMAC SAVINGS BANK — 2013
What MERRIMAC SAVINGS BANK reported to the FFIEC in 2013, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2013Q1 | 2013Q2 | 2013Q3 | 2013Q4 |
|---|---|---|---|---|
| Total assets | 70,230,000 | 70,911,000 | 69,476,000 | 70,564,000 |
| Total loans | 41,333,000 | 41,162,000 | 41,739,000 | 41,467,000 |
| Allowance for loan losses | 459,000 | 485,000 | 451,000 | 452,000 |
| Securities available for sale | 24,482,000 | 23,869,000 | 22,330,000 | 23,594,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 63,030,000 | 65,145,000 | 64,102,000 | 64,658,000 |
| Interest-bearing deposits | 51,766,000 | 54,450,000 | 53,113,000 | 53,799,000 |
| Noninterest-bearing deposits | 11,264,000 | 10,695,000 | 10,990,000 | 10,859,000 |
| Equity capital | 4,632,000 | 4,000,000 | 3,783,000 | 3,728,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2013Q1 | 2013Q2 | 2013Q3 | 2013Q4 |
|---|---|---|---|---|
| Interest income | 616,000 | 1,211,000 | 1,798,000 | 2,390,000 |
| Interest expense | 76,000 | 150,000 | 222,000 | 293,000 |
| Net interest income | 540,000 | 1,061,000 | 1,576,000 | 2,097,000 |
| Noninterest income | 135,000 | 275,000 | 392,000 | 531,000 |
| Noninterest expense | 623,000 | 1,249,000 | 1,852,000 | 2,513,000 |
| Provision for loan losses | 27,000 | 42,000 | 204,000 | 219,000 |
| Pretax income | 25,000 | 57,000 | -69,000 | -85,000 |
| Income tax | -23,000 | -45,000 | -134,000 | -175,000 |
| Net income | 48,000 | 102,000 | 65,000 | 90,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2013Q1 | 2013Q2 | 2013Q3 | 2013Q4 |
|---|---|---|---|---|
| Tier 1 capital | 4,593,000 | 4,648,000 | 4,611,000 | 4,404,000 |
| Total capital | 5,020,000 | 5,094,000 | 5,051,000 | 4,856,000 |
| Risk-weighted assets | 34,106,000 | 35,613,000 | 35,208,000 | 36,247,000 |