Call reports 2011
MERIT BANK — 2011
What MERIT BANK reported to the FFIEC in 2011, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2011Q1 | 2011Q2 | 2011Q3 | 2011Q4 |
|---|---|---|---|---|
| Total assets | 53,316,000 | 54,747,000 | 54,914,000 | 55,514,000 |
| Total loans | 34,386,000 | 45,857,000 | 40,314,000 | 44,610,000 |
| Allowance for loan losses | 794,000 | 639,000 | 704,000 | 774,000 |
| Securities available for sale | 2,518,000 | 5,642,000 | 4,911,000 | 7,854,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 45,340,000 | 44,561,000 | 46,740,000 | 47,182,000 |
| Interest-bearing deposits | 42,518,000 | 41,335,000 | 42,446,000 | 42,370,000 |
| Noninterest-bearing deposits | 2,822,000 | 3,226,000 | 4,294,000 | 4,812,000 |
| Equity capital | 5,160,000 | 5,318,000 | 5,310,000 | 5,404,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2011Q1 | 2011Q2 | 2011Q3 | 2011Q4 |
|---|---|---|---|---|
| Interest income | 631,000 | 1,300,000 | 1,989,000 | 2,685,000 |
| Interest expense | 189,000 | 351,000 | 519,000 | 678,000 |
| Net interest income | 442,000 | 949,000 | 1,470,000 | 2,007,000 |
| Noninterest income | 24,000 | 81,000 | 111,000 | 124,000 |
| Noninterest expense | 345,000 | 711,000 | 1,058,000 | 1,449,000 |
| Provision for loan losses | 35,000 | 160,000 | 310,000 | 385,000 |
| Pretax income | 86,000 | 159,000 | 263,000 | 347,000 |
| Income tax | 33,000 | 48,000 | 89,000 | 95,000 |
| Net income | 53,000 | 111,000 | 174,000 | 252,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2011Q1 | 2011Q2 | 2011Q3 | 2011Q4 |
|---|---|---|---|---|
| Tier 1 capital | 4,565,000 | 4,624,000 | 4,692,000 | 4,774,000 |
| Total capital | 4,975,000 | 5,105,000 | 5,146,000 | 5,264,000 |
| Risk-weighted assets | 32,438,000 | 38,709,000 | 36,981,000 | 39,296,000 |