Call reports 2006
SOMERVILLE BANK & TRUST COMPANY, THE — 2006
What SOMERVILLE BANK & TRUST COMPANY, THE reported to the FFIEC in 2006, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2006Q1 | 2006Q2 | 2006Q3 | 2006Q4 |
|---|---|---|---|---|
| Total assets | 182,042,000 | 181,653,000 | 183,593,000 | 189,960,000 |
| Total loans | 113,280,000 | 114,203,000 | 116,107,000 | 114,567,000 |
| Allowance for loan losses | 2,805,000 | 2,916,000 | 2,972,000 | 2,503,000 |
| Securities available for sale | 0 | 0 | 0 | 0 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 160,984,000 | 159,976,000 | 162,859,000 | 169,380,000 |
| Interest-bearing deposits | 137,121,000 | 137,185,000 | 144,053,000 | 142,126,000 |
| Noninterest-bearing deposits | 23,863,000 | 22,791,000 | 18,806,000 | 27,254,000 |
| Equity capital | 19,649,000 | 20,322,000 | 19,215,000 | 19,105,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2006Q1 | 2006Q2 | 2006Q3 | 2006Q4 |
|---|---|---|---|---|
| Interest income | 2,781,000 | 5,692,000 | 8,719,000 | 11,840,000 |
| Interest expense | 1,035,000 | 2,167,000 | 3,439,000 | 4,839,000 |
| Net interest income | 1,746,000 | 3,525,000 | 5,280,000 | 7,001,000 |
| Noninterest income | 190,000 | 389,000 | 559,000 | 736,000 |
| Noninterest expense | 869,000 | 1,706,000 | 2,575,000 | 3,576,000 |
| Provision for loan losses | 116,000 | 232,000 | 309,000 | -191,000 |
| Pretax income | 951,000 | 1,976,000 | 2,955,000 | 4,352,000 |
| Income tax | 322,000 | 674,000 | 1,010,000 | 1,510,000 |
| Net income | 629,000 | 1,302,000 | 1,945,000 | 2,842,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2006Q1 | 2006Q2 | 2006Q3 | 2006Q4 |
|---|---|---|---|---|
| Tier 1 capital | 13,871,000 | 14,579,000 | 13,508,000 | 14,316,000 |
| Total capital | 15,013,000 | 15,728,000 | 14,684,000 | 15,497,000 |
| Risk-weighted assets | 89,707,000 | 90,152,000 | 92,315,000 | 93,190,000 |