Call reports 2008
MERIT BANK — 2008
What MERIT 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 | 2008Q4 |
|---|---|---|---|---|
| Total assets | 21,119,000 | 21,702,000 | 21,987,000 | 23,299,000 |
| Total loans | 16,198,000 | 16,422,000 | 17,548,000 | 18,426,000 |
| Allowance for loan losses | 48,000 | 48,000 | 47,000 | 47,000 |
| Securities available for sale | 0 | 0 | 0 | 0 |
| Securities held to maturity | 1,773,000 | 1,773,000 | 763,000 | 728,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 17,478,000 | 17,951,000 | 18,182,000 | 20,070,000 |
| Interest-bearing deposits | 12,061,000 | 12,291,000 | 12,554,000 | 14,500,000 |
| Noninterest-bearing deposits | 5,417,000 | 5,660,000 | 5,628,000 | 5,570,000 |
| Equity capital | 3,501,000 | 3,501,000 | 3,486,000 | 3,178,000 |
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 | 2008Q4 |
|---|---|---|---|---|
| Interest income | 382,000 | 763,000 | 1,139,000 | 1,514,000 |
| Interest expense | 67,000 | 136,000 | 207,000 | 290,000 |
| Net interest income | 315,000 | 627,000 | 932,000 | 1,224,000 |
| Noninterest income | 31,000 | 64,000 | 105,000 | 160,000 |
| Noninterest expense | 331,000 | 678,000 | 1,063,000 | 1,710,000 |
| Provision for loan losses | 0 | 0 | 0 | 0 |
| Pretax income | 15,000 | 15,000 | 0 | -300,000 |
| Income tax | 0 | 0 | 0 | 0 |
| Net income | 15,000 | 15,000 | 0 | -300,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Tier 1 capital | 3,501,000 | 3,501,000 | 3,486,000 | 3,178,000 |
| Total capital | 3,549,000 | 3,549,000 | 3,533,000 | 3,225,000 |
| Risk-weighted assets | 12,439,000 | 12,697,000 | 13,683,000 | 14,199,000 |