Call reports 2008
SOMERVILLE BANK & TRUST COMPANY, THE — 2008
What SOMERVILLE BANK & TRUST COMPANY, THE reported to the FFIEC in 2008, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Total assets | 199,607,000 | 191,110,000 | 183,719,000 | 184,260,000 |
| Total loans | 111,634,000 | 109,834,000 | 110,731,000 | 110,207,000 |
| Allowance for loan losses | 1,948,000 | 1,956,000 | 1,913,000 | 2,011,000 |
| Securities available for sale | 0 | 0 | 0 | 0 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 179,031,000 | 170,340,000 | 162,695,000 | 163,231,000 |
| Interest-bearing deposits | 152,647,000 | 151,964,000 | 139,693,000 | 137,111,000 |
| Noninterest-bearing deposits | 26,384,000 | 18,376,000 | 23,002,000 | 26,120,000 |
| Equity capital | 18,860,000 | 19,283,000 | 19,765,000 | 20,013,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Interest income | 2,899,000 | 5,493,000 | 7,977,000 | 10,208,000 |
| Interest expense | 1,468,000 | 2,728,000 | 3,790,000 | 4,738,000 |
| Net interest income | 1,431,000 | 2,765,000 | 4,187,000 | 5,470,000 |
| Noninterest income | 196,000 | 395,000 | 627,000 | 813,000 |
| Noninterest expense | 871,000 | 1,729,000 | 2,615,000 | 3,557,000 |
| Provision for loan losses | 66,000 | 95,000 | 120,000 | 274,000 |
| Pretax income | 690,000 | 1,336,000 | 2,079,000 | 2,452,000 |
| Income tax | 237,000 | 460,000 | 721,000 | 846,000 |
| Net income | 453,000 | 876,000 | 1,358,000 | 1,606,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Tier 1 capital | 14,268,000 | 14,723,000 | 15,236,000 | 15,516,000 |
| Total capital | 15,450,000 | 15,877,000 | 16,375,000 | 16,653,000 |
| Risk-weighted assets | 93,804,000 | 91,489,000 | 90,337,000 | 90,072,000 |