Call reports 2002
MERIT BANK — 2002
What MERIT BANK reported to the FFIEC in 2002, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2002Q1 | 2002Q2 | 2002Q3 | 2002Q4 |
|---|---|---|---|---|
| Total assets | 23,151,000 | 22,670,000 | 22,690,000 | 22,235,000 |
| Total loans | 11,441,000 | 11,131,000 | 11,700,000 | 12,141,000 |
| Allowance for loan losses | 51,000 | 50,000 | 50,000 | 50,000 |
| Securities available for sale | 0 | 0 | 0 | 0 |
| Securities held to maturity | 8,448,000 | 8,351,000 | 8,298,000 | 8,332,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 19,515,000 | 18,938,000 | 18,882,000 | 18,670,000 |
| Interest-bearing deposits | 14,926,000 | 14,472,000 | 14,587,000 | 14,589,000 |
| Noninterest-bearing deposits | 4,589,000 | 4,466,000 | 4,295,000 | 4,081,000 |
| Equity capital | 3,480,000 | 3,500,000 | 3,481,000 | 3,496,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2002Q1 | 2002Q2 | 2002Q3 | 2002Q4 |
|---|---|---|---|---|
| Interest income | 345,000 | 695,000 | 1,048,000 | 1,398,000 |
| Interest expense | 80,000 | 151,000 | 222,000 | 283,000 |
| Net interest income | 265,000 | 544,000 | 826,000 | 1,115,000 |
| Noninterest income | 30,000 | 61,000 | 94,000 | 137,000 |
| Noninterest expense | 295,000 | 585,000 | 919,000 | 1,226,000 |
| Provision for loan losses | 0 | 0 | 0 | 0 |
| Pretax income | 0 | 20,000 | 1,000 | 26,000 |
| Income tax | 0 | 0 | 0 | 2,000 |
| Net income | 0 | 20,000 | 1,000 | 24,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2002Q1 | 2002Q2 | 2002Q3 | 2002Q4 |
|---|---|---|---|---|
| Tier 1 capital | 3,480,000 | 3,500,000 | 3,481,000 | 3,496,000 |
| Total capital | 3,531,000 | 3,550,000 | 3,531,000 | 3,546,000 |
| Risk-weighted assets | 10,309,000 | 10,021,000 | 10,284,000 | 10,443,000 |