Call reports 2014
MERIT BANK — 2014
What MERIT BANK reported to the FFIEC in 2014, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2014Q1 | 2014Q2 | 2014Q3 | 2014Q4 |
|---|---|---|---|---|
| Total assets | 26,664,000 | 26,416,000 | 25,542,000 | 26,141,000 |
| Total loans | 18,115,000 | 18,105,000 | 18,062,000 | 18,024,000 |
| Allowance for loan losses | 186,000 | 167,000 | 150,000 | 161,000 |
| Securities available for sale | 0 | 0 | 0 | 0 |
| Securities held to maturity | 3,504,000 | 3,104,000 | 3,498,000 | 3,499,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 23,824,000 | 23,537,000 | 22,583,000 | 23,207,000 |
| Interest-bearing deposits | 16,053,000 | 15,931,000 | 12,113,000 | 12,215,000 |
| Noninterest-bearing deposits | 7,771,000 | 7,606,000 | 10,470,000 | 10,992,000 |
| Equity capital | 2,783,000 | 2,804,000 | 2,866,000 | 2,920,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2014Q1 | 2014Q2 | 2014Q3 | 2014Q4 |
|---|---|---|---|---|
| Interest income | 335,000 | 672,000 | 1,019,000 | 1,355,000 |
| Interest expense | 26,000 | 50,000 | 71,000 | 93,000 |
| Net interest income | 309,000 | 622,000 | 948,000 | 1,262,000 |
| Noninterest income | 29,000 | 38,000 | 88,000 | 147,000 |
| Noninterest expense | 322,000 | 623,000 | 937,000 | 1,246,000 |
| Provision for loan losses | 0 | 0 | 0 | 10,000 |
| Pretax income | 16,000 | 37,000 | 99,000 | 153,000 |
| Income tax | 0 | 0 | 0 | 0 |
| Net income | 16,000 | 37,000 | 99,000 | 153,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2014Q1 | 2014Q2 | 2014Q3 | 2014Q4 |
|---|---|---|---|---|
| Tier 1 capital | 2,783,000 | 2,804,000 | 2,866,000 | 2,920,000 |
| Total capital | 2,969,000 | 2,971,000 | 3,016,000 | 3,081,000 |
| Risk-weighted assets | 15,446,000 | 15,171,000 | 15,193,000 | 15,268,000 |