Call reports 2018
MERIT BANK — 2018
What MERIT BANK reported to the FFIEC in 2018, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2018Q1 | 2018Q2 | 2018Q3 | 2018Q4 |
|---|---|---|---|---|
| Total assets | 28,391,000 | 27,910,000 | 27,240,000 | 28,783,000 |
| Total loans | 15,192,000 | 14,653,000 | 14,454,000 | 13,989,000 |
| Allowance for loan losses | 158,000 | 161,000 | 141,000 | 135,000 |
| Securities available for sale | 0 | 0 | 0 | 0 |
| Securities held to maturity | 5,472,000 | 5,471,000 | 5,471,000 | 5,471,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 25,171,000 | 24,575,000 | 23,871,000 | 25,500,000 |
| Interest-bearing deposits | 16,478,000 | 16,115,000 | 15,909,000 | 16,960,000 |
| Noninterest-bearing deposits | 8,693,000 | 8,460,000 | 7,962,000 | 8,540,000 |
| Equity capital | 3,187,000 | 3,276,000 | 3,282,000 | 3,268,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2018Q1 | 2018Q2 | 2018Q3 | 2018Q4 |
|---|---|---|---|---|
| Interest income | 298,000 | 678,000 | 991,000 | 1,300,000 |
| Interest expense | 18,000 | 37,000 | 55,000 | 74,000 |
| Net interest income | 280,000 | 641,000 | 936,000 | 1,226,000 |
| Noninterest income | 22,000 | 40,000 | 61,000 | 74,000 |
| Noninterest expense | 274,000 | 564,000 | 874,000 | 1,184,000 |
| Provision for loan losses | 12,000 | 12,000 | 12,000 | 19,000 |
| Pretax income | 16,000 | 105,000 | 111,000 | 97,000 |
| Income tax | 0 | 0 | 0 | 0 |
| Net income | 16,000 | 105,000 | 111,000 | 97,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2018Q1 | 2018Q2 | 2018Q3 | 2018Q4 |
|---|---|---|---|---|
| Tier 1 capital | 3,187,000 | 3,276,000 | 3,282,000 | 3,268,000 |
| Total capital | 3,345,000 | 3,437,000 | 3,423,000 | 3,403,000 |
| Risk-weighted assets | 13,998,000 | 13,317,000 | 13,143,000 | 12,785,000 |