Call reports 2009
MERIDIAN BANK, NATIONAL ASSOCIATION — 2009
What MERIDIAN BANK, NATIONAL ASSOCIATION reported to the FFIEC in 2009, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2009Q1 | 2009Q2 | 2009Q3 | 2009Q4 |
|---|---|---|---|---|
| Total assets | 1,992,702,000 | 1,854,478,000 | 1,784,255,000 | 1,609,206,000 |
| Total loans | 1,305,624,000 | 1,228,783,000 | 1,135,266,000 | 1,087,085,000 |
| Allowance for loan losses | 47,539,000 | 58,256,000 | 45,708,000 | 49,196,000 |
| Securities available for sale | 417,366,000 | 414,396,000 | 510,576,000 | 445,674,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 1,563,447,000 | 1,452,131,000 | 1,362,136,000 | 1,219,043,000 |
| Interest-bearing deposits | 1,495,953,000 | 1,400,351,000 | 1,317,017,000 | 1,175,399,000 |
| Noninterest-bearing deposits | 67,494,000 | 51,780,000 | 45,119,000 | 43,644,000 |
| Equity capital | 217,656,000 | 212,751,000 | 202,763,000 | 181,153,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2009Q1 | 2009Q2 | 2009Q3 | 2009Q4 |
|---|---|---|---|---|
| Interest income | 28,666,000 | 55,658,000 | 82,354,000 | 108,750,000 |
| Interest expense | 12,742,000 | 23,763,000 | 33,948,000 | 42,543,000 |
| Net interest income | 15,924,000 | 31,895,000 | 48,406,000 | 66,207,000 |
| Noninterest income | 2,891,000 | 4,259,000 | 5,106,000 | 8,568,000 |
| Noninterest expense | 13,633,000 | 44,333,000 | 63,847,000 | 93,714,000 |
| Provision for loan losses | 11,763,000 | 41,638,000 | 51,748,000 | 78,040,000 |
| Pretax income | -6,581,000 | -52,076,000 | -64,723,000 | -100,941,000 |
| Income tax | -58,000 | -31,000 | -29,000 | -23,000 |
| Net income | -7,055,000 | -52,640,000 | -65,224,000 | -101,650,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2009Q1 | 2009Q2 | 2009Q3 | 2009Q4 |
|---|---|---|---|---|
| Tier 1 capital | 197,037,000 | 198,795,000 | 186,633,000 | 175,167,000 |
| Total capital | 217,045,000 | 217,956,000 | 204,772,000 | 192,850,000 |
| Risk-weighted assets | 1,572,992,000 | 1,493,687,000 | 1,423,445,000 | 1,383,027,000 |