Call reports 2010
PRIME MERIDIAN BANK — 2010
What PRIME MERIDIAN BANK reported to the FFIEC in 2010, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2010Q1 | 2010Q2 | 2010Q3 | 2010Q4 |
|---|---|---|---|---|
| Total assets | 81,334,000 | 86,974,000 | 94,290,000 | 102,645,000 |
| Total loans | 54,311,000 | 57,749,000 | 59,370,000 | 65,486,000 |
| Allowance for loan losses | 612,000 | 656,000 | 676,000 | 742,000 |
| Securities available for sale | 19,012,000 | 19,838,000 | 26,362,000 | 25,203,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 66,440,000 | 71,835,000 | 79,112,000 | 85,906,000 |
| Interest-bearing deposits | 58,413,000 | 64,009,000 | 71,522,000 | 77,711,000 |
| Noninterest-bearing deposits | 8,026,000 | 7,826,000 | 7,590,000 | 8,195,000 |
| Equity capital | 11,788,000 | 12,027,000 | 12,047,000 | 13,629,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2010Q1 | 2010Q2 | 2010Q3 | 2010Q4 |
|---|---|---|---|---|
| Interest income | 895,000 | 1,855,000 | 2,868,000 | 3,900,000 |
| Interest expense | 220,000 | 457,000 | 695,000 | 948,000 |
| Net interest income | 675,000 | 1,398,000 | 2,173,000 | 2,952,000 |
| Noninterest income | 19,000 | 48,000 | 74,000 | 118,000 |
| Noninterest expense | 594,000 | 1,220,000 | 1,918,000 | 2,603,000 |
| Provision for loan losses | 55,000 | 99,000 | 119,000 | 483,000 |
| Pretax income | 97,000 | 179,000 | 274,000 | 322,000 |
| Income tax | 38,000 | 71,000 | 108,000 | 127,000 |
| Net income | 59,000 | 108,000 | 166,000 | 195,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2010Q1 | 2010Q2 | 2010Q3 | 2010Q4 |
|---|---|---|---|---|
| Tier 1 capital | 11,533,000 | 11,695,000 | 11,634,000 | 13,606,000 |
| Total capital | 12,145,000 | 12,351,000 | 12,310,000 | 14,348,000 |
| Risk-weighted assets | 60,817,000 | 63,597,000 | 65,184,000 | 71,321,000 |