Call reports 2008
MERIT BANK — 2008
What MERIT BANK reported to the FFIEC in 2008, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Total assets | 11,626,000 | 16,208,000 | 19,384,000 | 26,266,000 |
| Total loans | 6,628,000 | 11,070,000 | 14,654,000 | 19,526,000 |
| Allowance for loan losses | 85,000 | 115,000 | 155,000 | 293,000 |
| Securities available for sale | 1,646,000 | 0 | 0 | 0 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 7,613,000 | 11,782,000 | 14,988,000 | 20,670,000 |
| Interest-bearing deposits | 6,176,000 | 9,334,000 | 13,184,000 | 18,149,000 |
| Noninterest-bearing deposits | 1,437,000 | 2,448,000 | 1,804,000 | 2,521,000 |
| Equity capital | 2,542,000 | 2,922,000 | 2,905,000 | 3,086,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Interest income | 147,000 | 378,000 | 636,000 | 953,000 |
| Interest expense | 37,000 | 120,000 | 223,000 | 369,000 |
| Net interest income | 110,000 | 258,000 | 413,000 | 584,000 |
| Noninterest income | 7,000 | 13,000 | 21,000 | 26,000 |
| Noninterest expense | 112,000 | 250,000 | 415,000 | 619,000 |
| Provision for loan losses | 30,000 | 60,000 | 100,000 | 240,000 |
| Pretax income | -25,000 | -39,000 | -81,000 | -249,000 |
| Income tax | -3,000 | -7,000 | -32,000 | -32,000 |
| Net income | -22,000 | -39,000 | -56,000 | -224,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Tier 1 capital | 1,893,000 | 2,277,000 | 2,263,000 | 2,447,000 |
| Total capital | 1,978,000 | 2,392,000 | 2,418,000 | 2,693,000 |
| Risk-weighted assets | 7,965,000 | 12,189,000 | 15,412,000 | 19,028,000 |