Call reports 2010
SOMERVILLE BANK & TRUST COMPANY, THE — 2010
What SOMERVILLE BANK & TRUST COMPANY, THE reported to the FFIEC in 2010, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2010Q1 | 2010Q2 | 2010Q3 | 2010Q4 |
|---|---|---|---|---|
| Total assets | 183,555,000 | 181,138,000 | 181,151,000 | 194,585,000 |
| Total loans | 104,577,000 | 102,721,000 | 102,771,000 | 98,826,000 |
| Allowance for loan losses | 1,288,000 | 1,289,000 | 1,290,000 | 1,358,000 |
| Securities available for sale | 0 | 0 | 0 | 0 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 161,587,000 | 159,399,000 | 159,289,000 | 172,878,000 |
| Interest-bearing deposits | 139,473,000 | 140,258,000 | 139,864,000 | 148,479,000 |
| Noninterest-bearing deposits | 22,114,000 | 19,141,000 | 19,425,000 | 24,399,000 |
| Equity capital | 21,070,000 | 20,910,000 | 21,048,000 | 21,038,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2010Q1 | 2010Q2 | 2010Q3 | 2010Q4 |
|---|---|---|---|---|
| Interest income | 1,999,000 | 3,876,000 | 5,813,000 | 7,643,000 |
| Interest expense | 528,000 | 1,012,000 | 1,473,000 | 1,898,000 |
| Net interest income | 1,471,000 | 2,864,000 | 4,340,000 | 5,745,000 |
| Noninterest income | 148,000 | 272,000 | 395,000 | 494,000 |
| Noninterest expense | 1,003,000 | 1,975,000 | 2,918,000 | 3,961,000 |
| Provision for loan losses | -676,000 | -642,000 | -620,000 | -482,000 |
| Pretax income | 1,292,000 | 1,803,000 | 2,437,000 | 2,760,000 |
| Income tax | 473,000 | 645,000 | 890,000 | 973,000 |
| Net income | 819,000 | 1,158,000 | 1,547,000 | 1,787,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2010Q1 | 2010Q2 | 2010Q3 | 2010Q4 |
|---|---|---|---|---|
| Tier 1 capital | 16,673,000 | 16,525,000 | 16,675,000 | 16,677,000 |
| Total capital | 17,771,000 | 17,603,000 | 17,756,000 | 17,773,000 |
| Risk-weighted assets | 87,670,000 | 86,051,000 | 86,290,000 | 87,379,000 |