Call reports 2015
MERIT BANK — 2015
What MERIT BANK reported to the FFIEC in 2015, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2015Q1 | 2015Q2 | 2015Q3 | 2015Q4 |
|---|---|---|---|---|
| Total assets | 84,275,000 | 87,220,000 | 94,799,000 | 90,822,000 |
| Total loans | 73,267,000 | 73,442,000 | 70,813,000 | 72,556,000 |
| Allowance for loan losses | 958,000 | 1,043,000 | 1,077,000 | 1,077,000 |
| Securities available for sale | 3,800,000 | 3,772,000 | 5,799,000 | 5,762,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 69,164,000 | 71,801,000 | 79,250,000 | 73,175,000 |
| Interest-bearing deposits | 60,160,000 | 62,488,000 | 69,139,000 | 64,685,000 |
| Noninterest-bearing deposits | 9,004,000 | 9,313,000 | 10,111,000 | 8,490,000 |
| Equity capital | 8,151,000 | 8,314,000 | 8,465,000 | 8,479,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2015Q1 | 2015Q2 | 2015Q3 | 2015Q4 |
|---|---|---|---|---|
| Interest income | 1,100,000 | 2,265,000 | 3,381,000 | 4,465,000 |
| Interest expense | 180,000 | 361,000 | 568,000 | 775,000 |
| Net interest income | 920,000 | 1,904,000 | 2,813,000 | 3,690,000 |
| Noninterest income | 822,000 | 1,727,000 | 2,434,000 | 2,935,000 |
| Noninterest expense | 1,154,000 | 2,516,000 | 3,860,000 | 5,151,000 |
| Provision for loan losses | 450,000 | 675,000 | 725,000 | 725,000 |
| Pretax income | 253,000 | 555,000 | 777,000 | 864,000 |
| Income tax | 74,000 | 196,000 | 284,000 | 333,000 |
| Net income | 179,000 | 359,000 | 493,000 | 531,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2015Q1 | 2015Q2 | 2015Q3 | 2015Q4 |
|---|---|---|---|---|
| Tier 1 capital | 7,499,000 | 7,691,000 | 7,837,000 | 7,887,000 |
| Total capital | 8,457,000 | 8,621,000 | 8,762,000 | 8,808,000 |
| Risk-weighted assets | 77,472,000 | 74,249,000 | 73,847,000 | 73,482,000 |