Call reports 2008
MERIDIAN BANK — 2008
What MERIDIAN BANK reported to the FFIEC in 2008, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2008Q1 | 2008Q2 | 2008Q3 |
|---|---|---|---|
| Total assets | 47,464,000 | 44,217,000 | 38,223,000 |
| Total loans | 27,940,000 | 27,692,000 | 26,047,000 |
| Allowance for loan losses | 731,000 | 442,000 | 1,028,000 |
| Securities available for sale | 12,123,000 | 6,949,000 | 4,061,000 |
| Securities held to maturity | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 |
| Total deposits | 41,978,000 | 40,276,000 | 36,090,000 |
| Interest-bearing deposits | 35,668,000 | 33,851,000 | 31,150,000 |
| Noninterest-bearing deposits | 6,310,000 | 6,425,000 | 4,940,000 |
| Equity capital | 3,426,000 | 3,116,000 | 1,878,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2008Q1 | 2008Q2 | 2008Q3 |
|---|---|---|---|
| Interest income | 705,000 | 1,286,000 | 1,851,000 |
| Interest expense | 395,000 | 677,000 | 935,000 |
| Net interest income | 310,000 | 609,000 | 916,000 |
| Noninterest income | 68,000 | 200,000 | 270,000 |
| Noninterest expense | 585,000 | 1,145,000 | 1,805,000 |
| Provision for loan losses | 603,000 | 603,000 | 1,603,000 |
| Pretax income | -706,000 | -843,000 | -2,219,000 |
| Income tax | 0 | 0 | 0 |
| Net income | -706,000 | -843,000 | -2,219,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2008Q1 | 2008Q2 | 2008Q3 |
|---|---|---|---|
| Tier 1 capital | 1,858,000 | 1,722,000 | 346,000 |
| Total capital | 2,270,000 | 2,122,000 | 692,000 |
| Risk-weighted assets | 32,656,000 | 31,964,000 | 28,850,000 |