Call reports 2008
MERIDIAN BANK, NATIONAL ASSOCIATION — 2008
What MERIDIAN BANK, NATIONAL ASSOCIATION reported to the FFIEC in 2008, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Total assets | 2,505,730,000 | 2,126,509,000 | 2,070,979,000 | 2,074,219,000 |
| Total loans | 1,777,319,000 | 1,591,005,000 | 1,506,906,000 | 1,387,101,000 |
| Allowance for loan losses | 28,068,000 | 30,876,000 | 34,413,000 | 41,799,000 |
| Securities available for sale | 251,511,000 | 337,057,000 | 320,258,000 | 368,521,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 1,884,357,000 | 1,543,722,000 | 1,509,436,000 | 1,585,616,000 |
| Interest-bearing deposits | 1,795,902,000 | 1,468,445,000 | 1,444,032,000 | 1,526,320,000 |
| Noninterest-bearing deposits | 88,455,000 | 75,277,000 | 65,404,000 | 59,296,000 |
| Equity capital | 334,682,000 | 281,624,000 | 252,181,000 | 222,557,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Interest income | 42,568,000 | 81,587,000 | 117,369,000 | 150,773,000 |
| Interest expense | 20,894,000 | 38,566,000 | 53,699,000 | 68,813,000 |
| Net interest income | 21,674,000 | 43,021,000 | 63,670,000 | 81,960,000 |
| Noninterest income | -3,510,000 | -3,087,000 | -3,624,000 | -556,000 |
| Noninterest expense | 21,149,000 | 69,359,000 | 91,270,000 | 136,162,000 |
| Provision for loan losses | 11,103,000 | 35,524,000 | 57,195,000 | 79,372,000 |
| Pretax income | -14,139,000 | -64,945,000 | -88,379,000 | -133,630,000 |
| Income tax | 0 | 132,000 | 153,000 | 174,000 |
| Net income | -14,139,000 | -65,077,000 | -88,532,000 | -133,804,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Tier 1 capital | 250,809,000 | 227,476,000 | 204,533,000 | 195,828,000 |
| Total capital | 277,183,000 | 250,685,000 | 226,692,000 | 216,493,000 |
| Risk-weighted assets | 2,108,081,000 | 1,848,923,000 | 1,760,335,000 | 1,631,921,000 |