Call reports 2004
MERIT BANK — 2004
What MERIT BANK reported to the FFIEC in 2004, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2004Q1 | 2004Q2 | 2004Q3 | 2004Q4 |
|---|---|---|---|---|
| Total assets | 5,756,000 | 5,789,000 | 5,954,000 | 6,099,000 |
| Total loans | 4,463,000 | 4,591,000 | 4,510,000 | 4,042,000 |
| Allowance for loan losses | 84,000 | 80,000 | 79,000 | 79,000 |
| Securities available for sale | 1,017,000 | 802,000 | 806,000 | 700,000 |
| Securities held to maturity | 56,000 | 56,000 | 55,000 | 55,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 5,046,000 | 5,085,000 | 5,231,000 | 5,441,000 |
| Interest-bearing deposits | 4,152,000 | 4,237,000 | 4,469,000 | 4,053,000 |
| Noninterest-bearing deposits | 894,000 | 848,000 | 762,000 | 1,389,000 |
| Equity capital | 662,000 | 674,000 | 700,000 | 642,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2004Q1 | 2004Q2 | 2004Q3 | 2004Q4 |
|---|---|---|---|---|
| Interest income | 81,000 | 162,000 | 242,000 | 321,000 |
| Interest expense | 14,000 | 28,000 | 41,000 | 54,000 |
| Net interest income | 67,000 | 134,000 | 201,000 | 267,000 |
| Noninterest income | 5,000 | 11,000 | 15,000 | 20,000 |
| Noninterest expense | 38,000 | 78,000 | 115,000 | 167,000 |
| Provision for loan losses | 0 | 0 | 0 | 0 |
| Pretax income | 34,000 | 67,000 | 101,000 | 120,000 |
| Income tax | 12,000 | 24,000 | 36,000 | 43,000 |
| Net income | 22,000 | 43,000 | 64,000 | 76,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2004Q1 | 2004Q2 | 2004Q3 | 2004Q4 |
|---|---|---|---|---|
| Tier 1 capital | 654,000 | 675,000 | 700,000 | 643,000 |
| Total capital | 706,000 | 729,000 | 756,000 | 693,000 |
| Risk-weighted assets | 4,136,000 | 4,263,000 | 4,248,000 | 3,951,000 |