Call reports 2014
MERRIMAC SAVINGS BANK — 2014
What MERRIMAC SAVINGS BANK reported to the FFIEC in 2014, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2014Q1 | 2014Q2 | 2014Q3 | 2014Q4 |
|---|---|---|---|---|
| Total assets | 73,773,000 | 72,971,000 | 74,883,000 | 74,588,000 |
| Total loans | 41,501,000 | 41,752,000 | 40,624,000 | 40,458,000 |
| Allowance for loan losses | 479,000 | 484,000 | 442,000 | 411,000 |
| Securities available for sale | 24,078,000 | 26,437,000 | 26,780,000 | 27,248,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 67,435,000 | 66,752,000 | 67,165,000 | 69,508,000 |
| Interest-bearing deposits | 54,088,000 | 54,960,000 | 54,649,000 | 55,874,000 |
| Noninterest-bearing deposits | 13,347,000 | 11,791,000 | 12,516,000 | 13,634,000 |
| Equity capital | 4,164,000 | 4,495,000 | 4,789,000 | 5,030,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2014Q1 | 2014Q2 | 2014Q3 | 2014Q4 |
|---|---|---|---|---|
| Interest income | 587,000 | 1,203,000 | 1,815,000 | 2,411,000 |
| Interest expense | 68,000 | 139,000 | 208,000 | 282,000 |
| Net interest income | 519,000 | 1,064,000 | 1,607,000 | 2,129,000 |
| Noninterest income | 135,000 | 285,000 | 411,000 | 547,000 |
| Noninterest expense | 655,000 | 1,327,000 | 1,960,000 | 2,619,000 |
| Provision for loan losses | 30,000 | 39,000 | -22,000 | -37,000 |
| Pretax income | 13,000 | 47,000 | 136,000 | 143,000 |
| Income tax | -28,000 | -49,000 | -52,000 | -94,000 |
| Net income | 41,000 | 96,000 | 188,000 | 237,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2014Q1 | 2014Q2 | 2014Q3 | 2014Q4 |
|---|---|---|---|---|
| Tier 1 capital | 4,445,000 | 4,499,000 | 4,592,000 | 4,545,000 |
| Total capital | 4,894,000 | 4,944,000 | 5,025,000 | 4,956,000 |
| Risk-weighted assets | 35,854,000 | 35,576,000 | 34,628,000 | 34,532,000 |