Call reports 2002
MERIDIAN BANK, NATIONAL ASSOCIATION — 2002
What MERIDIAN BANK, NATIONAL ASSOCIATION reported to the FFIEC in 2002, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2002Q1 | 2002Q2 | 2002Q3 | 2002Q4 |
|---|---|---|---|---|
| Total assets | 197,486,000 | 201,146,000 | 208,876,000 | 358,268,000 |
| Total loans | 107,537,000 | 115,376,000 | 119,343,000 | 241,943,000 |
| Allowance for loan losses | 1,383,000 | 1,377,000 | 1,453,000 | 2,372,000 |
| Securities available for sale | 64,227,000 | 70,705,000 | 68,161,000 | 83,528,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 170,384,000 | 170,996,000 | 177,134,000 | 220,020,000 |
| Interest-bearing deposits | 132,391,000 | 128,950,000 | 135,294,000 | 175,005,000 |
| Noninterest-bearing deposits | 37,993,000 | 42,046,000 | 41,840,000 | 45,015,000 |
| Equity capital | 15,321,000 | 16,578,000 | 18,191,000 | 44,720,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2002Q1 | 2002Q2 | 2002Q3 | 2002Q4 |
|---|---|---|---|---|
| Interest income | 3,033,000 | 6,303,000 | 9,611,000 | 25,398,000 |
| Interest expense | 754,000 | 1,531,000 | 2,339,000 | 6,670,000 |
| Net interest income | 2,279,000 | 4,772,000 | 7,272,000 | 18,728,000 |
| Noninterest income | 241,000 | 473,000 | 746,000 | 1,065,000 |
| Noninterest expense | 1,581,000 | 3,236,000 | 5,134,000 | 10,762,000 |
| Provision for loan losses | 110,000 | 220,000 | 330,000 | 716,000 |
| Pretax income | 829,000 | 1,789,000 | 2,554,000 | 8,315,000 |
| Income tax | 519,000 | 519,000 | 519,000 | 519,000 |
| Net income | 310,000 | 1,270,000 | 2,035,000 | 7,796,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2002Q1 | 2002Q2 | 2002Q3 | 2002Q4 |
|---|---|---|---|---|
| Tier 1 capital | 13,508,000 | 13,718,000 | 14,483,000 | 33,947,000 |
| Total capital | 14,891,000 | 15,095,000 | 15,936,000 | 36,319,000 |
| Risk-weighted assets | 134,450,000 | 141,551,000 | 146,249,000 | 290,689,000 |