Call reports 2023
MERIT BANK — 2023
What MERIT BANK reported to the FFIEC in 2023, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Total assets | 269,033,000 | 317,024,000 | 337,252,000 | 365,421,000 |
| Total loans | 215,246,000 | 219,298,000 | 227,113,000 | 247,816,000 |
| Allowance for loan losses | 2,166,000 | 2,216,000 | 2,257,000 | 2,451,000 |
| Securities available for sale | 30,740,000 | 62,216,000 | 84,751,000 | 88,522,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 234,168,000 | 240,661,000 | 261,594,000 | 281,818,000 |
| Interest-bearing deposits | 160,102,000 | 166,702,000 | 189,933,000 | 203,694,000 |
| Noninterest-bearing deposits | 74,067,000 | 73,959,000 | 71,661,000 | 78,124,000 |
| Equity capital | 34,563,000 | 34,415,000 | 34,296,000 | 35,534,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Interest income | 2,915,000 | 6,143,000 | 10,280,000 | 15,044,000 |
| Interest expense | 1,086,000 | 2,470,000 | 4,581,000 | 7,056,000 |
| Net interest income | 1,829,000 | 3,673,000 | 5,699,000 | 7,988,000 |
| Noninterest income | 139,000 | 411,000 | 630,000 | 831,000 |
| Noninterest expense | 1,711,000 | 3,558,000 | 5,401,000 | 7,344,000 |
| Provision for loan losses | 30,000 | 80,000 | 122,000 | 315,000 |
| Pretax income | 227,000 | 429,000 | 789,000 | 1,143,000 |
| Income tax | 13,000 | 25,000 | 43,000 | -425,000 |
| Net income | 214,000 | 404,000 | 746,000 | 1,568,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Tier 1 capital | 35,791,000 | 35,996,000 | 36,424,000 | 36,765,000 |