Call reports 2006
MERIDIAN BANK — 2006
What MERIDIAN BANK reported to the FFIEC in 2006, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2006Q1 | 2006Q2 | 2006Q3 | 2006Q4 |
|---|---|---|---|---|
| Total assets | 21,768,000 | 23,332,000 | 27,429,000 | 53,557,000 |
| Total loans | 15,839,000 | 17,964,000 | 21,760,000 | 21,284,000 |
| Allowance for loan losses | 133,000 | 146,000 | 149,000 | 168,000 |
| Securities available for sale | 979,000 | 1,182,000 | 1,441,000 | 4,604,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 17,476,000 | 19,068,000 | 23,199,000 | 49,227,000 |
| Interest-bearing deposits | 14,663,000 | 15,536,000 | 19,445,000 | 42,383,000 |
| Noninterest-bearing deposits | 2,813,000 | 3,532,000 | 3,754,000 | 6,844,000 |
| Equity capital | 4,125,000 | 4,099,000 | 4,021,000 | 4,019,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2006Q1 | 2006Q2 | 2006Q3 | 2006Q4 |
|---|---|---|---|---|
| Interest income | 304,000 | 662,000 | 1,087,000 | 1,591,000 |
| Interest expense | 109,000 | 255,000 | 453,000 | 722,000 |
| Net interest income | 195,000 | 407,000 | 634,000 | 869,000 |
| Noninterest income | 20,000 | 91,000 | 120,000 | 211,000 |
| Noninterest expense | 297,000 | 593,000 | 924,000 | 1,292,000 |
| Provision for loan losses | 9,000 | 22,000 | 31,000 | 166,000 |
| Pretax income | -91,000 | -117,000 | -201,000 | -378,000 |
| Income tax | 0 | 0 | 0 | -171,000 |
| Net income | -91,000 | -117,000 | -201,000 | -207,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2006Q1 | 2006Q2 | 2006Q3 | 2006Q4 |
|---|---|---|---|---|
| Tier 1 capital | 4,118,000 | 4,092,000 | 4,011,000 | 3,041,000 |
| Total capital | 4,251,000 | 4,238,000 | 4,160,000 | 3,209,000 |
| Risk-weighted assets | 17,686,000 | 20,452,000 | 24,567,000 | 30,816,000 |