Call reports 2014
MERIT BANK — 2014
What MERIT BANK reported to the FFIEC in 2014, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2014Q1 | 2014Q2 | 2014Q3 | 2014Q4 |
|---|---|---|---|---|
| Total assets | 79,431,000 | 79,539,000 | 81,575,000 | 83,000,000 |
| Total loans | 65,301,000 | 69,382,000 | 68,357,000 | 71,679,000 |
| Allowance for loan losses | 961,000 | 961,000 | 1,026,000 | 1,158,000 |
| Securities available for sale | 5,137,000 | 5,226,000 | 5,253,000 | 5,298,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 70,689,000 | 64,375,000 | 67,120,000 | 68,149,000 |
| Interest-bearing deposits | 64,296,000 | 58,624,000 | 58,305,000 | 59,710,000 |
| Noninterest-bearing deposits | 6,393,000 | 5,751,000 | 8,815,000 | 8,439,000 |
| Equity capital | 7,177,000 | 7,344,000 | 7,433,000 | 7,980,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2014Q1 | 2014Q2 | 2014Q3 | 2014Q4 |
|---|---|---|---|---|
| Interest income | 993,000 | 2,016,000 | 3,131,000 | 4,235,000 |
| Interest expense | 148,000 | 313,000 | 499,000 | 682,000 |
| Net interest income | 845,000 | 1,703,000 | 2,632,000 | 3,553,000 |
| Noninterest income | 64,000 | 191,000 | 513,000 | 871,000 |
| Noninterest expense | 691,000 | 1,497,000 | 2,538,000 | 3,525,000 |
| Provision for loan losses | 60,000 | 60,000 | 140,000 | 380,000 |
| Pretax income | 158,000 | 337,000 | 467,000 | 519,000 |
| Income tax | 60,000 | 126,000 | 183,000 | 218,000 |
| Net income | 98,000 | 211,000 | 284,000 | 301,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2014Q1 | 2014Q2 | 2014Q3 | 2014Q4 |
|---|---|---|---|---|
| Tier 1 capital | 6,710,000 | 6,823,000 | 6,605,000 | 7,153,000 |
| Total capital | 7,588,000 | 7,740,000 | 7,522,000 | 8,076,000 |
| Risk-weighted assets | 67,666,000 | 73,722,000 | 73,727,000 | 73,640,000 |