Call reports 2016
MERIT BANK — 2016
What MERIT BANK reported to the FFIEC in 2016, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2016Q1 | 2016Q2 | 2016Q3 | 2016Q4 |
|---|---|---|---|---|
| Total assets | 26,317,000 | 27,371,000 | 26,573,000 | 26,522,000 |
| Total loans | 17,230,000 | 17,549,000 | 17,095,000 | 17,060,000 |
| Allowance for loan losses | 98,000 | 98,000 | 97,000 | 170,000 |
| Securities available for sale | 0 | 0 | 0 | 0 |
| Securities held to maturity | 3,896,000 | 3,915,000 | 2,234,000 | 4,482,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 23,249,000 | 24,237,000 | 23,330,000 | 23,434,000 |
| Interest-bearing deposits | 15,714,000 | 15,613,000 | 15,494,000 | 15,047,000 |
| Noninterest-bearing deposits | 7,535,000 | 8,624,000 | 7,836,000 | 8,387,000 |
| Equity capital | 3,032,000 | 3,071,000 | 3,157,000 | 3,078,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2016Q1 | 2016Q2 | 2016Q3 | 2016Q4 |
|---|---|---|---|---|
| Interest income | 327,000 | 665,000 | 992,000 | 1,266,000 |
| Interest expense | 19,000 | 37,000 | 56,000 | 75,000 |
| Net interest income | 308,000 | 628,000 | 936,000 | 1,191,000 |
| Noninterest income | 26,000 | 55,000 | 88,000 | 130,000 |
| Noninterest expense | 327,000 | 637,000 | 944,000 | 1,247,000 |
| Provision for loan losses | 0 | 0 | 0 | 73,000 |
| Pretax income | 7,000 | 46,000 | 132,000 | 53,000 |
| Income tax | 0 | 0 | 0 | 0 |
| Net income | 7,000 | 46,000 | 132,000 | 53,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2016Q1 | 2016Q2 | 2016Q3 | 2016Q4 |
|---|---|---|---|---|
| Tier 1 capital | 3,032,000 | 3,071,000 | 3,157,000 | 3,078,000 |
| Total capital | 3,130,000 | 3,169,000 | 3,254,000 | 3,248,000 |
| Risk-weighted assets | 15,102,000 | 15,221,000 | 14,597,000 | 15,436,000 |