Call reports 2022
MERIT BANK — 2022
What MERIT BANK reported to the FFIEC in 2022, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2022Q1 | 2022Q2 | 2022Q3 | 2022Q4 |
|---|---|---|---|---|
| Total assets | 218,127,000 | 237,178,000 | 260,337,000 | 266,215,000 |
| Total loans | 158,080,000 | 184,712,000 | 204,045,000 | 210,726,000 |
| Allowance for loan losses | 1,811,000 | 1,925,000 | 2,050,000 | 2,135,000 |
| Securities available for sale | 18,553,000 | 17,058,000 | 32,629,000 | 32,660,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 200,973,000 | 208,422,000 | 227,916,000 | 226,514,000 |
| Interest-bearing deposits | 123,361,000 | 145,022,000 | 153,876,000 | 153,369,000 |
| Noninterest-bearing deposits | 77,611,000 | 63,400,000 | 74,040,000 | 73,145,000 |
| Equity capital | 17,047,000 | 28,534,000 | 32,082,000 | 34,269,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2022Q1 | 2022Q2 | 2022Q3 | 2022Q4 |
|---|---|---|---|---|
| Interest income | 1,522,000 | 3,315,000 | 5,602,000 | 8,269,000 |
| Interest expense | 171,000 | 413,000 | 836,000 | 1,530,000 |
| Net interest income | 1,351,000 | 2,902,000 | 4,766,000 | 6,739,000 |
| Noninterest income | 219,000 | 563,000 | 755,000 | 1,020,000 |
| Noninterest expense | 1,462,000 | 3,087,000 | 4,744,000 | 6,506,000 |
| Provision for loan losses | 52,000 | 162,000 | 287,000 | 372,000 |
| Pretax income | 56,000 | 216,000 | 490,000 | 881,000 |
| Income tax | 0 | 21,000 | 40,000 | 58,000 |
| Net income | 56,000 | 195,000 | 450,000 | 823,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2022Q1 | 2022Q2 | 2022Q3 | 2022Q4 |
|---|---|---|---|---|
| Tier 1 capital | 17,237,000 | 29,362,000 | 29,801,000 | 35,562,000 |