Call reports 2019
MERIT BANK — 2019
What MERIT BANK reported to the FFIEC in 2019, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2019Q1 | 2019Q2 | 2019Q3 | 2019Q4 |
|---|---|---|---|---|
| Total assets | 28,464,000 | 46,571,000 | 64,099,000 | 83,332,000 |
| Total loans | 13,485,000 | 11,899,000 | 20,387,000 | 31,082,000 |
| Allowance for loan losses | 141,000 | 0 | 184,000 | 291,000 |
| Securities available for sale | 0 | 4,803,000 | 4,951,000 | 13,187,000 |
| Securities held to maturity | 5,470,000 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 25,132,000 | 26,238,000 | 43,927,000 | 63,831,000 |
| Interest-bearing deposits | 16,061,000 | 15,667,000 | 28,851,000 | 47,064,000 |
| Noninterest-bearing deposits | 9,071,000 | 10,571,000 | 15,076,000 | 16,767,000 |
| Equity capital | 3,300,000 | 19,973,000 | 19,975,000 | 19,420,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2019Q1 | 2019Q2 | 2019Q3 | 2019Q4 |
|---|---|---|---|---|
| Interest income | 315,000 | 688,000 | 1,173,000 | 1,772,000 |
| Interest expense | 17,000 | 35,000 | 75,000 | 179,000 |
| Net interest income | 298,000 | 653,000 | 1,098,000 | 1,593,000 |
| Noninterest income | 22,000 | 55,000 | 89,000 | 182,000 |
| Noninterest expense | 287,000 | 2,200,000 | 3,335,000 | 3,242,000 |
| Provision for loan losses | 0 | 0 | 183,000 | 322,000 |
| Pretax income | 33,000 | -1,492,000 | -2,331,000 | -1,495,000 |
| Income tax | 0 | 0 | 0 | 4,000 |
| Net income | 33,000 | -1,492,000 | -2,331,000 | -1,499,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2019Q1 | 2019Q2 | 2019Q3 | 2019Q4 |
|---|---|---|---|---|
| Tier 1 capital | 3,300,000 | 19,147,000 | 19,022,000 | 18,841,000 |
| Total capital | 3,441,000 | 19,147,000 | 19,206,000 | 19,132,000 |
| Risk-weighted assets | 12,376,000 | 16,613,000 | 24,667,000 | 39,359,000 |
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