Call reports 2010
MERIT BANK — 2010
What MERIT BANK reported to the FFIEC in 2010, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2010Q1 | 2010Q2 | 2010Q3 | 2010Q4 |
|---|---|---|---|---|
| Total assets | 46,877,000 | 53,349,000 | 49,841,000 | 54,162,000 |
| Total loans | 40,797,000 | 44,726,000 | 42,580,000 | 44,408,000 |
| Allowance for loan losses | 511,000 | 580,000 | 650,000 | 745,000 |
| Securities available for sale | 0 | 0 | 2,901,000 | 2,634,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 39,040,000 | 41,288,000 | 41,781,000 | 46,204,000 |
| Interest-bearing deposits | 35,912,000 | 39,042,000 | 40,052,000 | 43,326,000 |
| Noninterest-bearing deposits | 3,128,000 | 2,246,000 | 1,729,000 | 2,878,000 |
| Equity capital | 4,985,000 | 5,035,000 | 5,147,000 | 5,098,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2010Q1 | 2010Q2 | 2010Q3 | 2010Q4 |
|---|---|---|---|---|
| Interest income | 646,000 | 1,308,000 | 2,020,000 | 2,724,000 |
| Interest expense | 204,000 | 398,000 | 584,000 | 779,000 |
| Net interest income | 442,000 | 910,000 | 1,436,000 | 1,945,000 |
| Noninterest income | 11,000 | 21,000 | 36,000 | 50,000 |
| Noninterest expense | 311,000 | 631,000 | 975,000 | 1,362,000 |
| Provision for loan losses | 40,000 | 211,000 | 281,000 | 431,000 |
| Pretax income | 102,000 | 89,000 | 216,000 | 202,000 |
| Income tax | 39,000 | 33,000 | 81,000 | 63,000 |
| Net income | 63,000 | 56,000 | 135,000 | 139,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2010Q1 | 2010Q2 | 2010Q3 | 2010Q4 |
|---|---|---|---|---|
| Tier 1 capital | 4,364,000 | 4,417,000 | 4,499,000 | 4,508,000 |
| Total capital | 4,761,000 | 4,842,000 | 4,917,000 | 4,956,000 |
| Risk-weighted assets | 31,622,000 | 34,022,000 | 33,211,000 | 35,205,000 |