Call reports 2003
MERIDIAN BANK — 2003
What MERIDIAN BANK reported to the FFIEC in 2003, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2003Q1 | 2003Q2 | 2003Q3 | 2003Q4 |
|---|---|---|---|---|
| Total assets | 6,775,000 | 6,561,000 | 6,986,000 | 7,493,000 |
| Total loans | 3,168,000 | 2,861,000 | 3,369,000 | 3,897,000 |
| Allowance for loan losses | 111,000 | 121,000 | 120,000 | 120,000 |
| Securities available for sale | 503,000 | 505,000 | 495,000 | 757,000 |
| Securities held to maturity | 473,000 | 470,000 | 468,000 | 416,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 6,150,000 | 5,932,000 | 6,352,000 | 6,840,000 |
| Interest-bearing deposits | 5,198,000 | 5,058,000 | 5,366,000 | 5,764,000 |
| Noninterest-bearing deposits | 952,000 | 874,000 | 986,000 | 1,076,000 |
| Equity capital | 524,000 | 531,000 | 534,000 | 552,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2003Q1 | 2003Q2 | 2003Q3 | 2003Q4 |
|---|---|---|---|---|
| Interest income | 93,000 | 179,000 | 271,000 | 373,000 |
| Interest expense | 34,000 | 62,000 | 90,000 | 120,000 |
| Net interest income | 59,000 | 117,000 | 181,000 | 253,000 |
| Noninterest income | 16,000 | 28,000 | 45,000 | 63,000 |
| Noninterest expense | 70,000 | 134,000 | 210,000 | 282,000 |
| Provision for loan losses | 0 | 0 | 0 | 0 |
| Pretax income | 5,000 | 11,000 | 16,000 | 34,000 |
| Income tax | 0 | 0 | 0 | 0 |
| Net income | 5,000 | 11,000 | 16,000 | 34,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2003Q1 | 2003Q2 | 2003Q3 | 2003Q4 |
|---|---|---|---|---|
| Tier 1 capital | 509,000 | 515,000 | 519,000 | 537,000 |
| Total capital | 557,000 | 559,000 | 568,000 | 593,000 |
| Risk-weighted assets | 3,798,000 | 3,448,000 | 3,862,000 | 4,406,000 |