Call reports 2001
MERIDIAN BANK — 2001
What MERIDIAN BANK reported to the FFIEC in 2001, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2001Q1 | 2001Q2 | 2001Q3 | 2001Q4 |
|---|---|---|---|---|
| Total assets | 7,898,000 | 8,112,000 | 7,527,000 | 7,482,000 |
| Total loans | 4,342,000 | 4,196,000 | 3,991,000 | 3,499,000 |
| Allowance for loan losses | 211,000 | 201,000 | 184,000 | 128,000 |
| Securities available for sale | 0 | 0 | 0 | 0 |
| Securities held to maturity | 700,000 | 700,000 | 500,000 | 1,183,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 7,101,000 | 7,317,000 | 6,765,000 | 6,794,000 |
| Interest-bearing deposits | 6,324,000 | 6,607,000 | 5,998,000 | 6,013,000 |
| Noninterest-bearing deposits | 777,000 | 710,000 | 767,000 | 781,000 |
| Equity capital | 669,000 | 667,000 | 644,000 | 574,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2001Q1 | 2001Q2 | 2001Q3 | 2001Q4 |
|---|---|---|---|---|
| Interest income | 132,000 | 269,000 | 398,000 | 508,000 |
| Interest expense | 76,000 | 153,000 | 223,000 | 286,000 |
| Net interest income | 56,000 | 116,000 | 175,000 | 222,000 |
| Noninterest income | 14,000 | 33,000 | 55,000 | 70,000 |
| Noninterest expense | 77,000 | 151,000 | 241,000 | 330,000 |
| Provision for loan losses | 38,000 | 45,000 | 59,000 | 184,000 |
| Pretax income | -45,000 | -47,000 | -70,000 | -222,000 |
| Income tax | 0 | 0 | 0 | -82,000 |
| Net income | -45,000 | -47,000 | -70,000 | -140,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2001Q1 | 2001Q2 | 2001Q3 | 2001Q4 |
|---|---|---|---|---|
| Tier 1 capital | 637,000 | 635,000 | 612,000 | 553,000 |
| Total capital | 700,000 | 697,000 | 671,000 | 607,000 |
| Risk-weighted assets | 4,906,000 | 4,813,000 | 4,565,000 | 4,251,000 |