Call reports 2005
MERIT BANK — 2005
What MERIT BANK reported to the FFIEC in 2005, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2005Q1 | 2005Q2 | 2005Q3 | 2005Q4 |
|---|---|---|---|---|
| Total assets | 5,556,000 | 5,814,000 | 5,572,000 | 5,642,000 |
| Total loans | 3,750,000 | 3,861,000 | 4,270,000 | 4,119,000 |
| Allowance for loan losses | 60,000 | 60,000 | 62,000 | 61,000 |
| Securities available for sale | 696,000 | 0 | 0 | 0 |
| Securities held to maturity | 50,000 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 4,851,000 | 4,834,000 | 4,572,000 | 4,621,000 |
| Interest-bearing deposits | 3,890,000 | 3,860,000 | 3,753,000 | 3,838,000 |
| Noninterest-bearing deposits | 961,000 | 974,000 | 819,000 | 783,000 |
| Equity capital | 687,000 | 940,000 | 958,000 | 975,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2005Q1 | 2005Q2 | 2005Q3 | 2005Q4 |
|---|---|---|---|---|
| Interest income | 75,000 | 72,000 | 148,000 | 230,000 |
| Interest expense | 12,000 | 12,000 | 25,000 | 39,000 |
| Net interest income | 63,000 | 60,000 | 123,000 | 191,000 |
| Noninterest income | 9,000 | 3,000 | 8,000 | 10,000 |
| Noninterest expense | 39,000 | 39,000 | 81,000 | 128,000 |
| Provision for loan losses | -20,000 | 0 | 0 | 0 |
| Pretax income | 53,000 | 24,000 | 50,000 | 74,000 |
| Income tax | 6,000 | 12,000 | 20,000 | 27,000 |
| Net income | 47,000 | 12,000 | 30,000 | 47,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2005Q1 | 2005Q2 | 2005Q3 | 2005Q4 |
|---|---|---|---|---|
| Tier 1 capital | 684,000 | 722,000 | 742,000 | 758,000 |
| Total capital | 731,000 | 770,000 | 795,000 | 809,000 |
| Risk-weighted assets | 3,653,000 | 4,018,000 | 4,318,000 | 4,220,000 |