Call reports 2013
MERIT BANK — 2013
What MERIT BANK reported to the FFIEC in 2013, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2013Q1 | 2013Q2 | 2013Q3 | 2013Q4 |
|---|---|---|---|---|
| Total assets | 75,100,000 | 69,735,000 | 70,061,000 | 72,422,000 |
| Total loans | 65,139,000 | 55,738,000 | 54,261,000 | 61,829,000 |
| Allowance for loan losses | 815,000 | 876,000 | 906,000 | 900,000 |
| Securities available for sale | 1,193,000 | 3,612,000 | 5,072,000 | 5,067,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 66,319,000 | 60,893,000 | 61,042,000 | 59,893,000 |
| Interest-bearing deposits | 59,035,000 | 54,427,000 | 54,061,000 | 54,099,000 |
| Noninterest-bearing deposits | 7,284,000 | 6,466,000 | 6,981,000 | 5,794,000 |
| Equity capital | 6,899,000 | 6,930,000 | 7,034,000 | 7,032,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2013Q1 | 2013Q2 | 2013Q3 | 2013Q4 |
|---|---|---|---|---|
| Interest income | 849,000 | 1,760,000 | 2,622,000 | 3,520,000 |
| Interest expense | 170,000 | 327,000 | 477,000 | 618,000 |
| Net interest income | 679,000 | 1,433,000 | 2,145,000 | 2,902,000 |
| Noninterest income | 239,000 | 467,000 | 612,000 | 746,000 |
| Noninterest expense | 680,000 | 1,328,000 | 1,992,000 | 2,623,000 |
| Provision for loan losses | 40,000 | 100,000 | 130,000 | 140,000 |
| Pretax income | 198,000 | 472,000 | 635,000 | 885,000 |
| Income tax | 74,000 | 180,000 | 236,000 | 335,000 |
| Net income | 124,000 | 292,000 | 399,000 | 550,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2013Q1 | 2013Q2 | 2013Q3 | 2013Q4 |
|---|---|---|---|---|
| Tier 1 capital | 6,316,000 | 6,496,000 | 6,612,000 | 6,610,000 |
| Total capital | 6,946,000 | 7,248,000 | 7,364,000 | 7,428,000 |
| Risk-weighted assets | 54,116,000 | 56,954,000 | 56,625,000 | 62,505,000 |