Call reports 2015
MERRIMAC SAVINGS BANK — 2015
What MERRIMAC SAVINGS BANK reported to the FFIEC in 2015, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2015Q1 | 2015Q2 | 2015Q3 |
|---|---|---|---|
| Total assets | 73,637,000 | 74,955,000 | 75,190,000 |
| Total loans | 40,107,000 | 38,674,000 | 38,103,000 |
| Allowance for loan losses | 399,000 | 396,000 | 318,000 |
| Securities available for sale | 26,865,000 | 15,420,000 | 11,952,000 |
| Securities held to maturity | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 |
| Total deposits | 68,359,000 | 69,866,000 | 70,028,000 |
| Interest-bearing deposits | 53,780,000 | 56,142,000 | 55,097,000 |
| Noninterest-bearing deposits | 14,580,000 | 13,724,000 | 14,931,000 |
| Equity capital | 5,134,000 | 4,955,000 | 5,091,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2015Q1 | 2015Q2 | 2015Q3 |
|---|---|---|---|
| Interest income | 589,000 | 1,137,000 | 1,643,000 |
| Interest expense | 72,000 | 142,000 | 216,000 |
| Net interest income | 517,000 | 995,000 | 1,427,000 |
| Noninterest income | 125,000 | 289,000 | 412,000 |
| Noninterest expense | 653,000 | 1,280,000 | 1,905,000 |
| Provision for loan losses | 0 | 0 | -78,000 |
| Pretax income | 70,000 | 238,000 | 236,000 |
| Income tax | -1,000 | 48,000 | 33,000 |
| Net income | 71,000 | 190,000 | 203,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2015Q1 | 2015Q2 | 2015Q3 |
|---|---|---|---|
| Tier 1 capital | 5,037,000 | 4,935,000 | 4,948,000 |
| Total capital | 5,436,000 | 5,314,000 | 5,266,000 |
| Risk-weighted assets | 33,740,000 | 30,188,000 | 28,928,000 |