Call reports 2008
PRIME MERIDIAN BANK — 2008
What PRIME MERIDIAN BANK reported to the FFIEC in 2008, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Total assets | 19,849,000 | 32,762,000 | 37,791,000 | 42,843,000 |
| Total loans | 5,318,000 | 14,064,000 | 19,930,000 | 27,831,000 |
| Allowance for loan losses | 65,000 | 169,000 | 239,000 | 302,000 |
| Securities available for sale | 1,100,000 | 4,542,000 | 7,995,000 | 7,176,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 7,685,000 | 20,729,000 | 25,873,000 | 30,881,000 |
| Interest-bearing deposits | 5,768,000 | 19,611,000 | 23,138,000 | 26,976,000 |
| Noninterest-bearing deposits | 1,917,000 | 1,118,000 | 2,735,000 | 3,905,000 |
| Equity capital | 12,144,000 | 11,994,000 | 11,848,000 | 11,872,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Interest income | 72,000 | 310,000 | 692,000 | 1,293,000 |
| Interest expense | 5,000 | 97,000 | 245,000 | 423,000 |
| Net interest income | 67,000 | 213,000 | 447,000 | 870,000 |
| Noninterest income | 1,000 | 2,000 | 17,000 | 25,000 |
| Noninterest expense | 240,000 | 682,000 | 1,093,000 | 2,118,000 |
| Provision for loan losses | 65,000 | 169,000 | 239,000 | 306,000 |
| Pretax income | -237,000 | -636,000 | -866,000 | -1,621,000 |
| Income tax | -60,000 | -239,000 | -326,000 | -610,000 |
| Net income | -177,000 | -397,000 | -540,000 | -1,011,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Tier 1 capital | 12,144,000 | 12,025,000 | 11,837,000 | 11,805,000 |
| Total capital | 12,209,000 | 12,194,000 | 12,076,000 | 12,107,000 |
| Risk-weighted assets | 8,340,000 | 17,642,000 | 26,829,000 | 35,064,000 |