Call reports 2010
MERIDIAN BANK, NATIONAL ASSOCIATION — 2010
What MERIDIAN BANK, NATIONAL ASSOCIATION reported to the FFIEC in 2010, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2010Q1 | 2010Q2 | 2010Q3 | 2010Q4 |
|---|---|---|---|---|
| Total assets | 1,594,728,000 | 1,464,302,000 | 1,360,818,000 | 1,254,657,000 |
| Total loans | 1,007,552,000 | 950,404,000 | 878,524,000 | 789,102,000 |
| Allowance for loan losses | 44,762,000 | 41,352,000 | 34,652,000 | 34,847,000 |
| Securities available for sale | 414,128,000 | 407,737,000 | 382,515,000 | 332,937,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 1,215,741,000 | 1,156,479,000 | 1,089,846,000 | 1,004,825,000 |
| Interest-bearing deposits | 1,169,294,000 | 1,112,832,000 | 1,045,850,000 | 962,970,000 |
| Noninterest-bearing deposits | 46,447,000 | 43,647,000 | 43,996,000 | 41,855,000 |
| Equity capital | 184,419,000 | 180,719,000 | 173,002,000 | 169,423,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2010Q1 | 2010Q2 | 2010Q3 | 2010Q4 |
|---|---|---|---|---|
| Interest income | 24,683,000 | 48,155,000 | 70,378,000 | 91,353,000 |
| Interest expense | 7,361,000 | 13,936,000 | 19,693,000 | 24,467,000 |
| Net interest income | 17,322,000 | 34,219,000 | 50,685,000 | 66,886,000 |
| Noninterest income | -4,159,000 | -1,898,000 | -1,296,000 | -4,181,000 |
| Noninterest expense | 16,182,000 | 34,816,000 | 50,514,000 | 66,151,000 |
| Provision for loan losses | 8,655,000 | 13,550,000 | 19,676,000 | 24,599,000 |
| Pretax income | -10,870,000 | -13,900,000 | -19,077,000 | -26,749,000 |
| Income tax | 3,000 | 39,000 | 39,000 | 39,000 |
| Net income | -11,067,000 | -14,526,000 | -20,184,000 | -27,856,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2010Q1 | 2010Q2 | 2010Q3 | 2010Q4 |
|---|---|---|---|---|
| Tier 1 capital | 177,585,000 | 174,809,000 | 165,139,000 | 157,757,000 |
| Total capital | 194,419,000 | 189,948,000 | 179,094,000 | 170,249,000 |
| Risk-weighted assets | 1,318,686,000 | 1,189,314,000 | 1,095,607,000 | 976,843,000 |