Call reports 2003
SOMERVILLE BANK & TRUST COMPANY, THE — 2003
What SOMERVILLE BANK & TRUST COMPANY, THE reported to the FFIEC in 2003, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2003Q1 | 2003Q2 | 2003Q3 | 2003Q4 |
|---|---|---|---|---|
| Total assets | 176,293,000 | 174,249,000 | 166,138,000 | 174,155,000 |
| Total loans | 115,573,000 | 117,181,000 | 120,801,000 | 123,159,000 |
| Allowance for loan losses | 2,872,000 | 2,824,000 | 2,490,000 | 2,307,000 |
| Securities available for sale | 0 | 0 | 0 | 0 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 156,094,000 | 155,478,000 | 146,840,000 | 154,341,000 |
| Interest-bearing deposits | 135,309,000 | 136,089,000 | 128,381,000 | 132,145,000 |
| Noninterest-bearing deposits | 20,785,000 | 19,389,000 | 18,459,000 | 22,196,000 |
| Equity capital | 18,867,000 | 17,466,000 | 18,056,000 | 18,540,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2003Q1 | 2003Q2 | 2003Q3 | 2003Q4 |
|---|---|---|---|---|
| Interest income | 2,418,000 | 4,786,000 | 7,085,000 | 9,334,000 |
| Interest expense | 781,000 | 1,520,000 | 2,207,000 | 2,836,000 |
| Net interest income | 1,637,000 | 3,266,000 | 4,878,000 | 6,498,000 |
| Noninterest income | 213,000 | 392,000 | 591,000 | 761,000 |
| Noninterest expense | 980,000 | 1,817,000 | 2,659,000 | 3,648,000 |
| Provision for loan losses | 0 | 0 | 0 | 0 |
| Pretax income | 870,000 | 1,841,000 | 2,810,000 | 3,611,000 |
| Income tax | 342,000 | 714,000 | 1,093,000 | 1,410,000 |
| Net income | 528,000 | 1,127,000 | 1,717,000 | 2,201,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2003Q1 | 2003Q2 | 2003Q3 | 2003Q4 |
|---|---|---|---|---|
| Tier 1 capital | 12,660,000 | 11,295,000 | 11,921,000 | 12,440,000 |
| Total capital | 13,877,000 | 12,511,000 | 13,132,000 | 13,681,000 |
| Risk-weighted assets | 95,739,000 | 95,662,000 | 95,619,000 | 98,196,000 |