Call reports 2010
MERIT BANK — 2010
What MERIT BANK reported to the FFIEC in 2010, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2010Q1 | 2010Q2 | 2010Q3 | 2010Q4 |
|---|---|---|---|---|
| Total assets | 25,596,000 | 26,421,000 | 26,200,000 | 26,616,000 |
| Total loans | 20,737,000 | 20,517,000 | 21,228,000 | 22,033,000 |
| Allowance for loan losses | 51,000 | 51,000 | 49,000 | 61,000 |
| Securities available for sale | 0 | 0 | 0 | 0 |
| Securities held to maturity | 575,000 | 1,475,000 | 975,000 | 1,175,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 22,288,000 | 23,021,000 | 22,700,000 | 23,291,000 |
| Interest-bearing deposits | 16,167,000 | 16,593,000 | 16,766,000 | 17,352,000 |
| Noninterest-bearing deposits | 6,121,000 | 6,428,000 | 5,934,000 | 5,939,000 |
| Equity capital | 3,207,000 | 3,235,000 | 3,262,000 | 3,284,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2010Q1 | 2010Q2 | 2010Q3 | 2010Q4 |
|---|---|---|---|---|
| Interest income | 389,000 | 790,000 | 1,199,000 | 1,608,000 |
| Interest expense | 53,000 | 102,000 | 150,000 | 195,000 |
| Net interest income | 336,000 | 688,000 | 1,049,000 | 1,413,000 |
| Noninterest income | 34,000 | 74,000 | 103,000 | 148,000 |
| Noninterest expense | 356,000 | 709,000 | 1,065,000 | 1,429,000 |
| Provision for loan losses | 0 | 10,000 | 17,000 | 32,000 |
| Pretax income | 14,000 | 43,000 | 70,000 | 100,000 |
| Income tax | 0 | 0 | 0 | 0 |
| Net income | 14,000 | 43,000 | 70,000 | 100,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2010Q1 | 2010Q2 | 2010Q3 | 2010Q4 |
|---|---|---|---|---|
| Tier 1 capital | 3,207,000 | 3,235,000 | 3,262,000 | 3,284,000 |
| Total capital | 3,258,000 | 3,286,000 | 3,311,000 | 3,345,000 |
| Risk-weighted assets | 15,687,000 | 15,586,000 | 16,554,000 | 17,029,000 |