Call reports 2016
MERIT BANK — 2016
What MERIT BANK reported to the FFIEC in 2016, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2016Q1 | 2016Q2 | 2016Q3 | 2016Q4 |
|---|---|---|---|---|
| Total assets | 87,141,000 | 100,623,000 | 102,141,000 | 96,830,000 |
| Total loans | 75,854,000 | 86,025,000 | 90,260,000 | 78,815,000 |
| Allowance for loan losses | 1,100,000 | 1,140,000 | 1,129,000 | 1,541,000 |
| Securities available for sale | 3,824,000 | 3,851,000 | 3,842,000 | 2,485,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 70,126,000 | 80,530,000 | 85,232,000 | 80,499,000 |
| Interest-bearing deposits | 61,264,000 | 70,419,000 | 75,730,000 | 69,833,000 |
| Noninterest-bearing deposits | 8,862,000 | 10,111,000 | 9,502,000 | 10,666,000 |
| Equity capital | 8,653,000 | 9,183,000 | 9,457,000 | 9,180,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2016Q1 | 2016Q2 | 2016Q3 | 2016Q4 |
|---|---|---|---|---|
| Interest income | 1,112,000 | 2,399,000 | 3,708,000 | 4,939,000 |
| Interest expense | 191,000 | 387,000 | 608,000 | 832,000 |
| Net interest income | 921,000 | 2,012,000 | 3,100,000 | 4,107,000 |
| Noninterest income | 505,000 | 1,322,000 | 2,082,000 | 2,927,000 |
| Noninterest expense | 1,188,000 | 2,486,000 | 3,801,000 | 5,335,000 |
| Provision for loan losses | 20,000 | -296,000 | -216,000 | 404,000 |
| Pretax income | 218,000 | 1,144,000 | 1,597,000 | 1,277,000 |
| Income tax | 34,000 | 396,000 | 570,000 | 446,000 |
| Net income | 184,000 | 748,000 | 1,027,000 | 831,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2016Q1 | 2016Q2 | 2016Q3 | 2016Q4 |
|---|---|---|---|---|
| Tier 1 capital | 8,034,000 | 8,543,000 | 8,840,000 | 8,613,000 |
| Total capital | 8,983,000 | 9,592,000 | 9,938,000 | 9,553,000 |
| Risk-weighted assets | 75,709,000 | 83,789,000 | 87,814,000 | 74,601,000 |