Call reports 2002
SOMERVILLE BANK & TRUST COMPANY, THE — 2002
What SOMERVILLE BANK & TRUST COMPANY, THE reported to the FFIEC in 2002, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2002Q1 | 2002Q2 | 2002Q3 | 2002Q4 |
|---|---|---|---|---|
| Total assets | 173,780,000 | 171,848,000 | 171,354,000 | 171,845,000 |
| Total loans | 120,938,000 | 121,466,000 | 120,753,000 | 118,406,000 |
| Allowance for loan losses | 4,249,000 | 3,986,000 | 3,758,000 | 3,146,000 |
| Securities available for sale | 3,110,000 | 0 | 0 | 0 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 154,711,000 | 152,118,000 | 151,857,000 | 152,513,000 |
| Interest-bearing deposits | 135,759,000 | 133,876,000 | 133,919,000 | 132,989,000 |
| Noninterest-bearing deposits | 18,952,000 | 18,242,000 | 17,938,000 | 19,524,000 |
| Equity capital | 16,478,000 | 17,137,000 | 17,824,000 | 18,339,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2002Q1 | 2002Q2 | 2002Q3 | 2002Q4 |
|---|---|---|---|---|
| Interest income | 2,718,000 | 5,379,000 | 8,011,000 | 10,572,000 |
| Interest expense | 1,074,000 | 2,021,000 | 2,930,000 | 3,801,000 |
| Net interest income | 1,644,000 | 3,358,000 | 5,081,000 | 6,771,000 |
| Noninterest income | 240,000 | 384,000 | 562,000 | 740,000 |
| Noninterest expense | 1,040,000 | 1,900,000 | 2,760,000 | 3,782,000 |
| Provision for loan losses | 0 | 0 | 0 | 0 |
| Pretax income | 845,000 | 1,925,000 | 2,966,000 | 3,812,000 |
| Income tax | 324,000 | 704,000 | 1,058,000 | 1,389,000 |
| Net income | 521,000 | 1,221,000 | 1,908,000 | 2,423,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2002Q1 | 2002Q2 | 2002Q3 | 2002Q4 |
|---|---|---|---|---|
| Tier 1 capital | 10,088,000 | 10,823,000 | 11,546,000 | 12,097,000 |
| Total capital | 11,368,000 | 12,090,000 | 12,801,000 | 13,324,000 |
| Risk-weighted assets | 99,395,000 | 98,661,000 | 97,897,000 | 96,255,000 |