Call reports 2024
MERIT BANK — 2024
What MERIT BANK reported to the FFIEC in 2024, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Total assets | 390,053,000 | 406,750,000 | 434,130,000 | 433,474,000 |
| Total loans | 256,281,000 | 277,275,000 | 285,301,000 | 302,603,000 |
| Allowance for loan losses | 2,540,000 | 2,729,000 | 2,818,000 | 3,017,000 |
| Securities available for sale | 96,011,000 | 96,483,000 | 107,854,000 | 101,508,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 325,478,000 | 341,400,000 | 367,188,000 | 354,998,000 |
| Interest-bearing deposits | 247,924,000 | 270,221,000 | 294,138,000 | 281,504,000 |
| Noninterest-bearing deposits | 77,554,000 | 71,179,000 | 73,050,000 | 73,494,000 |
| Equity capital | 35,786,000 | 36,527,000 | 37,694,000 | 37,516,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Interest income | 5,169,000 | 10,940,000 | 17,177,000 | 23,732,000 |
| Interest expense | 2,762,000 | 5,870,000 | 9,321,000 | 12,634,000 |
| Net interest income | 2,407,000 | 5,070,000 | 7,856,000 | 11,098,000 |
| Noninterest income | 106,000 | 274,000 | 508,000 | 496,000 |
| Noninterest expense | 2,230,000 | 4,461,000 | 6,898,000 | 9,351,000 |
| Provision for loan losses | 89,000 | 277,000 | 366,000 | 564,000 |
| Pretax income | 190,000 | 609,000 | 1,103,000 | 1,692,000 |
| Income tax | 22,000 | 49,000 | 114,000 | 341,000 |
| Net income | 168,000 | 560,000 | 989,000 | 1,351,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Tier 1 capital | 36,948,000 | 37,354,000 | 37,869,000 | 38,397,000 |