Call reports 2011
MERIT BANK — 2011
What MERIT BANK reported to the FFIEC in 2011, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2011Q1 | 2011Q2 | 2011Q3 | 2011Q4 |
|---|---|---|---|---|
| Total assets | 27,209,000 | 28,278,000 | 27,299,000 | 26,070,000 |
| Total loans | 22,282,000 | 21,514,000 | 21,809,000 | 21,375,000 |
| Allowance for loan losses | 75,000 | 126,000 | 129,000 | 126,000 |
| Securities available for sale | 0 | 0 | 0 | 0 |
| Securities held to maturity | 1,175,000 | 1,175,000 | 1,175,000 | 1,175,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 23,887,000 | 24,915,000 | 23,834,000 | 22,812,000 |
| Interest-bearing deposits | 17,526,000 | 17,813,000 | 16,155,000 | 16,966,000 |
| Noninterest-bearing deposits | 6,361,000 | 7,102,000 | 7,679,000 | 5,846,000 |
| Equity capital | 3,232,000 | 3,210,000 | 3,245,000 | 3,238,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2011Q1 | 2011Q2 | 2011Q3 | 2011Q4 |
|---|---|---|---|---|
| Interest income | 340,000 | 731,000 | 1,130,000 | 1,524,000 |
| Interest expense | 44,000 | 86,000 | 125,000 | 160,000 |
| Net interest income | 296,000 | 645,000 | 1,005,000 | 1,364,000 |
| Noninterest income | 30,000 | 68,000 | 105,000 | 152,000 |
| Noninterest expense | 353,000 | 712,000 | 1,067,000 | 1,407,000 |
| Provision for loan losses | 25,000 | 75,000 | 82,000 | 148,000 |
| Pretax income | -52,000 | -74,000 | -39,000 | -39,000 |
| Income tax | 0 | 0 | 0 | 0 |
| Net income | -52,000 | -74,000 | -39,000 | -39,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2011Q1 | 2011Q2 | 2011Q3 | 2011Q4 |
|---|---|---|---|---|
| Tier 1 capital | 3,232,000 | 3,210,000 | 3,245,000 | 3,238,000 |
| Total capital | 3,307,000 | 3,336,000 | 3,374,000 | 3,364,000 |
| Risk-weighted assets | 17,180,000 | 16,713,000 | 17,128,000 | 16,973,000 |