Call reports 2002
MERIT BANK — 2002
What MERIT BANK 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 | 5,978,000 | 5,884,000 | 5,871,000 | 5,683,000 |
| Total loans | 4,362,000 | 4,477,000 | 4,444,000 | 4,635,000 |
| Allowance for loan losses | 85,000 | 85,000 | 86,000 | 86,000 |
| Securities available for sale | 1,063,000 | 1,077,000 | 979,000 | 874,000 |
| Securities held to maturity | 68,000 | 68,000 | 68,000 | 67,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 5,317,000 | 5,199,000 | 5,148,000 | 5,022,000 |
| Interest-bearing deposits | 4,654,000 | 4,551,000 | 4,529,000 | 4,252,000 |
| Noninterest-bearing deposits | 663,000 | 649,000 | 619,000 | 770,000 |
| Equity capital | 602,000 | 639,000 | 667,000 | 616,000 |
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 | 101,000 | 201,000 | 299,000 | 395,000 |
| Interest expense | 31,000 | 59,000 | 84,000 | 107,000 |
| Net interest income | 70,000 | 142,000 | 215,000 | 288,000 |
| Noninterest income | 7,000 | 11,000 | 17,000 | 23,000 |
| Noninterest expense | 35,000 | 71,000 | 110,000 | 162,000 |
| Provision for loan losses | 1,000 | 1,000 | 2,000 | 2,000 |
| Pretax income | 41,000 | 81,000 | 120,000 | 147,000 |
| Income tax | 14,000 | 28,000 | 41,000 | 53,000 |
| Net income | 27,000 | 53,000 | 79,000 | 94,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2002Q1 | 2002Q2 | 2002Q3 | 2002Q4 |
|---|---|---|---|---|
| Tier 1 capital | 600,000 | 626,000 | 651,000 | 602,000 |
| Total capital | 649,000 | 675,000 | 700,000 | 653,000 |
| Risk-weighted assets | 3,919,000 | 3,967,000 | 3,963,000 | 4,063,000 |