Call reports 2021
MERIT BANK — 2021
What MERIT BANK reported to the FFIEC in 2021, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2021Q1 | 2021Q2 | 2021Q3 | 2021Q4 |
|---|---|---|---|---|
| Total assets | 179,103,000 | 180,791,000 | 208,172,000 | 194,230,000 |
| Total loans | 119,154,000 | 129,073,000 | 130,949,000 | 135,695,000 |
| Allowance for loan losses | 1,543,000 | 1,675,000 | 1,694,000 | 1,707,000 |
| Securities available for sale | 16,732,000 | 15,082,000 | 13,810,000 | 20,411,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 161,430,000 | 163,162,000 | 190,233,000 | 176,271,000 |
| Interest-bearing deposits | 96,841,000 | 103,195,000 | 129,913,000 | 117,613,000 |
| Noninterest-bearing deposits | 64,589,000 | 59,967,000 | 60,320,000 | 58,658,000 |
| Equity capital | 17,410,000 | 17,406,000 | 17,700,000 | 17,738,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2021Q1 | 2021Q2 | 2021Q3 | 2021Q4 |
|---|---|---|---|---|
| Interest income | 1,172,000 | 2,625,000 | 4,250,000 | 5,707,000 |
| Interest expense | 120,000 | 250,000 | 410,000 | 600,000 |
| Net interest income | 1,052,000 | 2,375,000 | 3,840,000 | 5,107,000 |
| Noninterest income | 252,000 | 552,000 | 842,000 | 1,211,000 |
| Noninterest expense | 1,361,000 | 2,787,000 | 4,298,000 | 5,795,000 |
| Provision for loan losses | 254,000 | 387,000 | 415,000 | 420,000 |
| Pretax income | -311,000 | -247,000 | -31,000 | 103,000 |
| Income tax | 0 | 0 | 0 | 0 |
| Net income | -311,000 | -247,000 | -31,000 | 103,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2021Q1 | 2021Q2 | 2021Q3 | 2021Q4 |
|---|---|---|---|---|
| Tier 1 capital | 16,672,000 | 16,752,000 | 17,016,000 | 17,167,000 |