Call reports 2003
MERIT BANK — 2003
What MERIT BANK reported to the FFIEC in 2003, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2003Q1 | 2003Q2 | 2003Q3 | 2003Q4 |
|---|---|---|---|---|
| Total assets | 5,938,000 | 5,996,000 | 5,998,000 | 5,600,000 |
| Total loans | 4,467,000 | 4,596,000 | 4,513,000 | 4,219,000 |
| Allowance for loan losses | 86,000 | 86,000 | 83,000 | 83,000 |
| Securities available for sale | 766,000 | 971,000 | 1,168,000 | 1,117,000 |
| Securities held to maturity | 62,000 | 62,000 | 61,000 | 61,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 5,240,000 | 5,276,000 | 5,262,000 | 4,930,000 |
| Interest-bearing deposits | 4,459,000 | 4,388,000 | 4,375,000 | 4,107,000 |
| Noninterest-bearing deposits | 781,000 | 888,000 | 887,000 | 823,000 |
| Equity capital | 640,000 | 671,000 | 691,000 | 639,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2003Q1 | 2003Q2 | 2003Q3 | 2003Q4 |
|---|---|---|---|---|
| Interest income | 92,000 | 183,000 | 270,000 | 353,000 |
| Interest expense | 21,000 | 40,000 | 58,000 | 72,000 |
| Net interest income | 71,000 | 143,000 | 212,000 | 281,000 |
| Noninterest income | 10,000 | 17,000 | 23,000 | 31,000 |
| Noninterest expense | 37,000 | 74,000 | 110,000 | 162,000 |
| Provision for loan losses | 0 | 0 | 0 | 0 |
| Pretax income | 44,000 | 89,000 | 128,000 | 150,000 |
| Income tax | 16,000 | 32,000 | 46,000 | 54,000 |
| Net income | 28,000 | 57,000 | 82,000 | 96,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2003Q1 | 2003Q2 | 2003Q3 | 2003Q4 |
|---|---|---|---|---|
| Tier 1 capital | 630,000 | 658,000 | 683,000 | 633,000 |
| Total capital | 679,000 | 710,000 | 731,000 | 682,000 |
| Risk-weighted assets | 3,977,000 | 4,112,000 | 3,802,000 | 3,868,000 |