Call reports 2007
MERIDIAN BANK — 2007
What MERIDIAN BANK reported to the FFIEC in 2007, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2007Q1 | 2007Q2 | 2007Q3 | 2007Q4 |
|---|---|---|---|---|
| Total assets | 45,895,000 | 45,415,000 | 48,504,000 | 55,366,000 |
| Total loans | 22,864,000 | 24,401,000 | 26,669,000 | 27,867,000 |
| Allowance for loan losses | 181,000 | 157,000 | 151,000 | 203,000 |
| Securities available for sale | 8,371,000 | 9,220,000 | 10,701,000 | 12,404,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 41,867,000 | 41,225,000 | 42,529,000 | 45,407,000 |
| Interest-bearing deposits | 36,274,000 | 35,392,000 | 36,867,000 | 38,359,000 |
| Noninterest-bearing deposits | 5,593,000 | 5,833,000 | 5,662,000 | 7,048,000 |
| Equity capital | 3,716,000 | 3,812,000 | 4,363,000 | 4,161,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2007Q1 | 2007Q2 | 2007Q3 | 2007Q4 |
|---|---|---|---|---|
| Interest income | 651,000 | 1,262,000 | 1,935,000 | 2,672,000 |
| Interest expense | 397,000 | 763,000 | 1,164,000 | 1,625,000 |
| Net interest income | 254,000 | 499,000 | 771,000 | 1,047,000 |
| Noninterest income | 102,000 | 314,000 | 511,000 | 586,000 |
| Noninterest expense | 613,000 | 1,176,000 | 1,797,000 | 2,553,000 |
| Provision for loan losses | 40,000 | 85,000 | 115,000 | 175,000 |
| Pretax income | -297,000 | -448,000 | -630,000 | -1,059,000 |
| Income tax | 0 | 0 | 0 | -154,000 |
| Net income | -297,000 | -448,000 | -630,000 | -905,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2007Q1 | 2007Q2 | 2007Q3 | 2007Q4 |
|---|---|---|---|---|
| Tier 1 capital | 2,744,000 | 2,965,000 | 3,169,000 | 2,894,000 |
| Total capital | 2,925,000 | 3,122,000 | 3,320,000 | 3,097,000 |
| Risk-weighted assets | 30,215,000 | 31,209,000 | 32,562,000 | 34,809,000 |