Call reports 2007
MERIT BANK — 2007
What MERIT BANK reported to the FFIEC in 2007, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2007Q1 | 2007Q2 | 2007Q3 | 2007Q4 |
|---|---|---|---|---|
| Total assets | 5,816,000 | 5,873,000 | 6,374,000 | 9,630,000 |
| Total loans | 2,979,000 | 2,908,000 | 2,863,000 | 3,481,000 |
| Allowance for loan losses | 58,000 | 58,000 | 55,000 | 55,000 |
| Securities available for sale | 0 | 1,641,000 | 1,641,000 | 1,640,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 4,704,000 | 4,283,000 | 4,346,000 | 6,049,000 |
| Interest-bearing deposits | 3,665,000 | 3,406,000 | 3,459,000 | 4,517,000 |
| Noninterest-bearing deposits | 1,039,000 | 877,000 | 888,000 | 1,532,000 |
| Equity capital | 1,064,000 | 1,538,000 | 1,972,000 | 2,059,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2007Q1 | 2007Q2 | 2007Q3 | 2007Q4 |
|---|---|---|---|---|
| Interest income | 20,000 | 101,000 | 188,000 | 296,000 |
| Interest expense | 5,000 | 24,000 | 46,000 | 69,000 |
| Net interest income | 15,000 | 77,000 | 142,000 | 227,000 |
| Noninterest income | 1,000 | 7,000 | 11,000 | 18,000 |
| Noninterest expense | 12,000 | 62,000 | 120,000 | 198,000 |
| Provision for loan losses | 0 | 0 | 0 | 0 |
| Pretax income | 4,000 | 22,000 | 33,000 | 47,000 |
| Income tax | 1,000 | 5,000 | 8,000 | 11,000 |
| Net income | 3,000 | 17,000 | 25,000 | 36,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2007Q1 | 2007Q2 | 2007Q3 | 2007Q4 |
|---|---|---|---|---|
| Tier 1 capital | 864,000 | 879,000 | 1,316,000 | 1,407,000 |
| Total capital | 901,000 | 915,000 | 1,352,000 | 1,451,000 |
| Risk-weighted assets | 3,412,000 | 3,834,000 | 3,948,000 | 5,081,000 |