Call reports 2007
SOMERVILLE BANK & TRUST COMPANY, THE — 2007
What SOMERVILLE BANK & TRUST COMPANY, THE reported to the FFIEC in 2007, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2007Q1 | 2007Q2 | 2007Q3 | 2007Q4 |
|---|---|---|---|---|
| Total assets | 196,473,000 | 194,719,000 | 194,254,000 | 191,650,000 |
| Total loans | 113,675,000 | 113,984,000 | 115,326,000 | 114,356,000 |
| Allowance for loan losses | 1,806,000 | 1,927,000 | 1,941,000 | 1,908,000 |
| Securities available for sale | 0 | 0 | 0 | 0 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 175,757,000 | 174,763,000 | 174,075,000 | 171,562,000 |
| Interest-bearing deposits | 151,143,000 | 151,857,000 | 150,205,000 | 147,263,000 |
| Noninterest-bearing deposits | 24,614,000 | 22,906,000 | 23,870,000 | 24,299,000 |
| Equity capital | 18,917,000 | 18,227,000 | 18,349,000 | 18,407,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2007Q1 | 2007Q2 | 2007Q3 | 2007Q4 |
|---|---|---|---|---|
| Interest income | 3,186,000 | 6,439,000 | 9,720,000 | 12,875,000 |
| Interest expense | 1,480,000 | 3,048,000 | 4,657,000 | 6,216,000 |
| Net interest income | 1,706,000 | 3,391,000 | 5,063,000 | 6,659,000 |
| Noninterest income | 173,000 | 347,000 | 542,000 | 712,000 |
| Noninterest expense | 918,000 | 1,800,000 | 2,663,000 | 3,603,000 |
| Provision for loan losses | -701,000 | -577,000 | -524,000 | -553,000 |
| Pretax income | 1,662,000 | 2,515,000 | 3,466,000 | 4,321,000 |
| Income tax | 600,000 | 893,000 | 1,222,000 | 1,519,000 |
| Net income | 1,062,000 | 1,622,000 | 2,244,000 | 2,802,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2007Q1 | 2007Q2 | 2007Q3 | 2007Q4 |
|---|---|---|---|---|
| Tier 1 capital | 14,169,000 | 13,521,000 | 13,684,000 | 13,783,000 |
| Total capital | 15,359,000 | 14,721,000 | 14,883,000 | 14,965,000 |
| Risk-weighted assets | 94,601,000 | 95,293,000 | 95,200,000 | 93,813,000 |