Call reports 2003
MERIT BANK — 2003
What MERIT BANK reported to the FFIEC in 2003, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2003Q1 | 2003Q2 | 2003Q3 | 2003Q4 |
|---|---|---|---|---|
| Total assets | 22,434,000 | 23,109,000 | 22,459,000 | 22,256,000 |
| Total loans | 11,697,000 | 11,443,000 | 11,572,000 | 11,888,000 |
| Allowance for loan losses | 52,000 | 46,000 | 45,000 | 51,000 |
| Securities available for sale | 0 | 0 | 0 | 0 |
| Securities held to maturity | 6,766,000 | 7,434,000 | 8,149,000 | 7,998,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 18,780,000 | 19,366,000 | 18,641,000 | 18,719,000 |
| Interest-bearing deposits | 14,596,000 | 14,794,000 | 14,070,000 | 14,163,000 |
| Noninterest-bearing deposits | 4,184,000 | 4,572,000 | 4,571,000 | 4,556,000 |
| Equity capital | 3,520,000 | 3,536,000 | 3,532,000 | 3,491,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2003Q1 | 2003Q2 | 2003Q3 | 2003Q4 |
|---|---|---|---|---|
| Interest income | 331,000 | 653,000 | 968,000 | 1,281,000 |
| Interest expense | 58,000 | 107,000 | 150,000 | 188,000 |
| Net interest income | 273,000 | 546,000 | 818,000 | 1,093,000 |
| Noninterest income | 38,000 | 70,000 | 104,000 | 152,000 |
| Noninterest expense | 301,000 | 590,000 | 900,000 | 1,244,000 |
| Provision for loan losses | 0 | 0 | 0 | 10,000 |
| Pretax income | 26,000 | 42,000 | 38,000 | 7,000 |
| Income tax | 0 | 0 | 0 | 2,000 |
| Net income | 26,000 | 42,000 | 38,000 | 5,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2003Q1 | 2003Q2 | 2003Q3 | 2003Q4 |
|---|---|---|---|---|
| Tier 1 capital | 3,520,000 | 3,536,000 | 3,532,000 | 3,491,000 |
| Total capital | 3,572,000 | 3,582,000 | 3,577,000 | 3,542,000 |
| Risk-weighted assets | 10,302,000 | 10,219,000 | 10,212,000 | 10,270,000 |