Call reports 2004
MERIDIAN BANK — 2004
What MERIDIAN BANK reported to the FFIEC in 2004, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2004Q1 | 2004Q2 | 2004Q3 | 2004Q4 |
|---|---|---|---|---|
| Total assets | 8,486,000 | 8,392,000 | 9,260,000 | 9,339,000 |
| Total loans | 4,704,000 | 5,411,000 | 6,435,000 | 6,830,000 |
| Allowance for loan losses | 121,000 | 122,000 | 132,000 | 132,000 |
| Securities available for sale | 1,112,000 | 1,153,000 | 1,098,000 | 1,086,000 |
| Securities held to maturity | 263,000 | 207,000 | 206,000 | 204,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 6,742,000 | 6,647,000 | 7,231,000 | 7,315,000 |
| Interest-bearing deposits | 5,751,000 | 5,532,000 | 5,670,000 | 5,836,000 |
| Noninterest-bearing deposits | 991,000 | 1,115,000 | 1,561,000 | 1,479,000 |
| Equity capital | 1,628,000 | 1,638,000 | 1,914,000 | 1,920,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2004Q1 | 2004Q2 | 2004Q3 | 2004Q4 |
|---|---|---|---|---|
| Interest income | 114,000 | 253,000 | 404,000 | 560,000 |
| Interest expense | 27,000 | 53,000 | 77,000 | 103,000 |
| Net interest income | 87,000 | 200,000 | 327,000 | 457,000 |
| Noninterest income | 14,000 | 28,000 | 46,000 | 62,000 |
| Noninterest expense | 77,000 | 160,000 | 245,000 | 399,000 |
| Provision for loan losses | 0 | 0 | 0 | 15,000 |
| Pretax income | 24,000 | 68,000 | 128,000 | 105,000 |
| Income tax | 6,000 | 17,000 | 38,000 | 10,000 |
| Net income | 18,000 | 51,000 | 90,000 | 95,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2004Q1 | 2004Q2 | 2004Q3 | 2004Q4 |
|---|---|---|---|---|
| Tier 1 capital | 1,607,000 | 1,630,000 | 1,901,000 | 1,910,000 |
| Total capital | 1,668,000 | 1,698,000 | 1,978,000 | 1,992,000 |
| Risk-weighted assets | 4,837,000 | 5,352,000 | 6,108,000 | 6,510,000 |