Call reports 2002
MERIDIAN BANK — 2002
What MERIDIAN BANK reported to the FFIEC in 2002, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2002Q1 | 2002Q2 | 2002Q3 | 2002Q4 |
|---|---|---|---|---|
| Total assets | 7,192,000 | 7,129,000 | 6,896,000 | 6,880,000 |
| Total loans | 3,393,000 | 3,448,000 | 3,353,000 | 3,214,000 |
| Allowance for loan losses | 148,000 | 153,000 | 147,000 | 107,000 |
| Securities available for sale | 0 | 0 | 0 | 400,000 |
| Securities held to maturity | 1,180,000 | 879,000 | 778,000 | 776,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 6,546,000 | 6,494,000 | 6,268,000 | 6,264,000 |
| Interest-bearing deposits | 5,798,000 | 5,566,000 | 5,375,000 | 5,279,000 |
| Noninterest-bearing deposits | 748,000 | 928,000 | 893,000 | 985,000 |
| Equity capital | 537,000 | 529,000 | 525,000 | 517,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2002Q1 | 2002Q2 | 2002Q3 | 2002Q4 |
|---|---|---|---|---|
| Interest income | 110,000 | 221,000 | 323,000 | 420,000 |
| Interest expense | 52,000 | 96,000 | 136,000 | 174,000 |
| Net interest income | 58,000 | 125,000 | 187,000 | 246,000 |
| Noninterest income | 12,000 | 30,000 | 41,000 | 58,000 |
| Noninterest expense | 101,000 | 194,000 | 271,000 | 344,000 |
| Provision for loan losses | 15,000 | 15,000 | 15,000 | 15,000 |
| Pretax income | -46,000 | -54,000 | -58,000 | -55,000 |
| Income tax | -9,000 | -9,000 | -9,000 | 2,000 |
| Net income | -37,000 | -45,000 | -49,000 | -57,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2002Q1 | 2002Q2 | 2002Q3 | 2002Q4 |
|---|---|---|---|---|
| Tier 1 capital | 516,000 | 508,000 | 500,000 | 503,000 |
| Total capital | 569,000 | 560,000 | 551,000 | 551,000 |
| Risk-weighted assets | 4,132,000 | 4,069,000 | 3,961,000 | 3,802,000 |