Call reports 2007
MERIT BANK — 2007
What MERIT 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 | 22,315,000 | 21,764,000 | 21,634,000 | 20,900,000 |
| Total loans | 14,693,000 | 14,399,000 | 15,202,000 | 15,687,000 |
| Allowance for loan losses | 55,000 | 55,000 | 55,000 | 50,000 |
| Securities available for sale | 0 | 0 | 0 | 0 |
| Securities held to maturity | 3,659,000 | 3,157,000 | 2,655,000 | 2,354,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 18,653,000 | 17,976,000 | 17,888,000 | 17,359,000 |
| Interest-bearing deposits | 12,843,000 | 12,132,000 | 11,945,000 | 12,093,000 |
| Noninterest-bearing deposits | 5,810,000 | 5,844,000 | 5,943,000 | 5,266,000 |
| Equity capital | 3,528,000 | 3,578,000 | 3,435,000 | 3,487,000 |
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 | 392,000 | 789,000 | 1,190,000 | 1,593,000 |
| Interest expense | 65,000 | 131,000 | 196,000 | 261,000 |
| Net interest income | 327,000 | 658,000 | 994,000 | 1,332,000 |
| Noninterest income | 23,000 | 54,000 | 83,000 | 126,000 |
| Noninterest expense | 318,000 | 630,000 | 1,138,000 | 1,459,000 |
| Provision for loan losses | 0 | 0 | 0 | 0 |
| Pretax income | 32,000 | 82,000 | -61,000 | -1,000 |
| Income tax | 0 | 0 | 0 | 0 |
| Net income | 32,000 | 82,000 | -61,000 | -1,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2007Q1 | 2007Q2 | 2007Q3 | 2007Q4 |
|---|---|---|---|---|
| Tier 1 capital | 3,528,000 | 3,578,000 | 3,435,000 | 3,487,000 |
| Total capital | 3,583,000 | 3,633,000 | 3,490,000 | 3,537,000 |
| Risk-weighted assets | 11,758,000 | 11,671,000 | 12,278,000 | 12,058,000 |