Call reports 2009
MERIT BANK — 2009
What MERIT BANK reported to the FFIEC in 2009, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2009Q1 | 2009Q2 | 2009Q3 | 2009Q4 |
|---|---|---|---|---|
| Total assets | 31,785,000 | 39,458,000 | 41,966,000 | 46,322,000 |
| Total loans | 25,629,000 | 33,875,000 | 34,609,000 | 42,358,000 |
| Allowance for loan losses | 323,000 | 353,000 | 414,000 | 490,000 |
| Securities available for sale | 0 | 0 | 0 | 0 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 25,334,000 | 31,713,000 | 34,292,000 | 38,027,000 |
| Interest-bearing deposits | 23,191,000 | 29,374,000 | 31,962,000 | 35,401,000 |
| Noninterest-bearing deposits | 2,143,000 | 2,339,000 | 2,330,000 | 2,626,000 |
| Equity capital | 3,562,000 | 3,834,000 | 3,851,000 | 4,422,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2009Q1 | 2009Q2 | 2009Q3 | 2009Q4 |
|---|---|---|---|---|
| Interest income | 374,000 | 881,000 | 1,440,000 | 2,093,000 |
| Interest expense | 179,000 | 390,000 | 611,000 | 829,000 |
| Net interest income | 195,000 | 491,000 | 829,000 | 1,264,000 |
| Noninterest income | 13,000 | 22,000 | 31,000 | 46,000 |
| Noninterest expense | 207,000 | 467,000 | 733,000 | 1,004,000 |
| Provision for loan losses | 30,000 | 60,000 | 120,000 | 195,000 |
| Pretax income | -29,000 | -14,000 | 7,000 | 111,000 |
| Income tax | -4,000 | -36,000 | -32,000 | 1,000 |
| Net income | -25,000 | 22,000 | 39,000 | 110,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2009Q1 | 2009Q2 | 2009Q3 | 2009Q4 |
|---|---|---|---|---|
| Tier 1 capital | 2,927,000 | 3,202,000 | 3,223,000 | 3,797,000 |
| Total capital | 3,215,000 | 3,534,000 | 3,597,000 | 4,199,000 |
| Risk-weighted assets | 23,080,000 | 26,691,000 | 29,863,000 | 32,091,000 |