Call reports 2024
NORTH CAMBRIDGE CO-OPERATIVE BANK — 2024
What NORTH CAMBRIDGE CO-OPERATIVE BANK reported to the FFIEC in 2024, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Total assets | 84,253,000 | 82,958,000 | 82,758,000 | 83,695,000 |
| Total loans | 51,061,000 | 50,075,000 | 50,221,000 | 48,809,000 |
| Allowance for loan losses | 632,000 | 622,000 | 622,000 | 547,000 |
| Securities available for sale | 10,247,000 | 9,284,000 | 14,310,000 | 10,370,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 60,304,000 | 58,857,000 | 58,153,000 | 58,665,000 |
| Interest-bearing deposits | 57,654,000 | 56,159,000 | 54,926,000 | 54,735,000 |
| Noninterest-bearing deposits | 2,650,000 | 2,698,000 | 3,227,000 | 3,930,000 |
| Equity capital | 23,100,000 | 23,224,000 | 23,768,000 | 23,930,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Interest income | 835,000 | 1,703,000 | 2,593,000 | 3,435,000 |
| Interest expense | 166,000 | 359,000 | 562,000 | 772,000 |
| Net interest income | 669,000 | 1,344,000 | 2,031,000 | 2,663,000 |
| Noninterest income | 9,000 | 18,000 | 27,000 | 32,000 |
| Noninterest expense | 642,000 | 1,206,000 | 1,709,000 | 2,508,000 |
| Provision for loan losses | 0 | -10,000 | -10,000 | -85,000 |
| Pretax income | 265,000 | 390,000 | 765,000 | 862,000 |
| Income tax | 71,000 | 102,000 | 126,000 | 215,000 |
| Net income | 194,000 | 288,000 | 639,000 | 647,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Tier 1 capital | 22,612,000 | 22,707,000 | 23,057,000 | 23,065,000 |
| Total capital | 23,094,000 | 23,183,000 | 23,518,000 | 23,527,000 |
| Risk-weighted assets | 38,392,000 | 37,961,000 | 36,735,000 | 36,852,000 |