Call reports 2020
MERIT BANK — 2020
What MERIT BANK reported to the FFIEC in 2020, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Total assets | 103,726,000 | 123,207,000 | 142,192,000 | 155,667,000 |
| Total loans | 49,023,000 | 84,632,000 | 89,423,000 | 97,203,000 |
| Allowance for loan losses | 470,000 | 963,000 | 1,012,000 | 1,303,000 |
| Securities available for sale | 23,750,000 | 22,762,000 | 20,865,000 | 18,702,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 85,042,000 | 104,443,000 | 123,791,000 | 137,610,000 |
| Interest-bearing deposits | 55,488,000 | 67,025,000 | 72,335,000 | 88,091,000 |
| Noninterest-bearing deposits | 29,554,000 | 37,418,000 | 51,456,000 | 49,519,000 |
| Equity capital | 18,571,000 | 18,282,000 | 18,254,000 | 17,825,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Interest income | 758,000 | 1,903,000 | 3,113,000 | 4,035,000 |
| Interest expense | 137,000 | 221,000 | 324,000 | 440,000 |
| Net interest income | 621,000 | 1,682,000 | 2,789,000 | 3,595,000 |
| Noninterest income | 114,000 | 248,000 | 375,000 | 558,000 |
| Noninterest expense | 1,367,000 | 2,699,000 | 3,833,000 | 5,081,000 |
| Provision for loan losses | 179,000 | 722,000 | 872,000 | 1,014,000 |
| Pretax income | -811,000 | -1,491,000 | -1,541,000 | -1,942,000 |
| Income tax | 0 | 0 | 0 | 0 |
| Net income | -811,000 | -1,491,000 | -1,541,000 | -1,942,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Tier 1 capital | 18,036,000 | 17,372,000 | 17,354,000 | 16,967,000 |