Call reports 2009
PRIME MERIDIAN BANK — 2009
What PRIME MERIDIAN BANK reported to the FFIEC in 2009, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2009Q1 | 2009Q2 | 2009Q3 | 2009Q4 |
|---|---|---|---|---|
| Total assets | 50,104,000 | 57,384,000 | 80,818,000 | 76,960,000 |
| Total loans | 32,751,000 | 38,589,000 | 43,899,000 | 53,452,000 |
| Allowance for loan losses | 353,000 | 408,000 | 471,000 | 557,000 |
| Securities available for sale | 13,569,000 | 14,599,000 | 19,719,000 | 20,026,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 37,186,000 | 45,479,000 | 68,850,000 | 65,266,000 |
| Interest-bearing deposits | 34,005,000 | 41,514,000 | 63,732,000 | 59,948,000 |
| Noninterest-bearing deposits | 3,181,000 | 3,965,000 | 5,118,000 | 5,318,000 |
| Equity capital | 11,773,000 | 11,704,000 | 11,765,000 | 11,617,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2009Q1 | 2009Q2 | 2009Q3 | 2009Q4 |
|---|---|---|---|---|
| Interest income | 534,000 | 1,142,000 | 1,806,000 | 2,674,000 |
| Interest expense | 185,000 | 389,000 | 609,000 | 864,000 |
| Net interest income | 349,000 | 753,000 | 1,197,000 | 1,810,000 |
| Noninterest income | 11,000 | 25,000 | 54,000 | 77,000 |
| Noninterest expense | 485,000 | 969,000 | 1,490,000 | 2,063,000 |
| Provision for loan losses | 51,000 | 106,000 | 169,000 | 254,000 |
| Pretax income | -176,000 | -297,000 | -311,000 | -336,000 |
| Income tax | -66,000 | -112,000 | -117,000 | -124,000 |
| Net income | -110,000 | -185,000 | -194,000 | -212,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2009Q1 | 2009Q2 | 2009Q3 | 2009Q4 |
|---|---|---|---|---|
| Tier 1 capital | 11,694,000 | 11,619,000 | 11,602,000 | 11,485,000 |
| Total capital | 12,047,000 | 12,027,000 | 12,073,000 | 12,042,000 |
| Risk-weighted assets | 39,613,000 | 43,570,000 | 47,913,000 | 58,567,000 |