Call reports 2011
PRIME MERIDIAN BANK — 2011
What PRIME MERIDIAN BANK reported to the FFIEC in 2011, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2011Q1 | 2011Q2 | 2011Q3 | 2011Q4 |
|---|---|---|---|---|
| Total assets | 111,808,000 | 113,315,000 | 132,231,000 | 139,403,000 |
| Total loans | 64,415,000 | 70,557,000 | 72,550,000 | 77,582,000 |
| Allowance for loan losses | 729,000 | 805,000 | 834,000 | 903,000 |
| Securities available for sale | 34,471,000 | 34,390,000 | 38,974,000 | 39,921,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 88,931,000 | 89,748,000 | 107,875,000 | 115,991,000 |
| Interest-bearing deposits | 77,581,000 | 77,273,000 | 91,464,000 | 97,386,000 |
| Noninterest-bearing deposits | 11,350,000 | 12,475,000 | 16,410,000 | 18,605,000 |
| Equity capital | 13,702,000 | 14,371,000 | 15,003,000 | 15,017,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2011Q1 | 2011Q2 | 2011Q3 | 2011Q4 |
|---|---|---|---|---|
| Interest income | 1,128,000 | 2,385,000 | 3,674,000 | 5,009,000 |
| Interest expense | 256,000 | 501,000 | 754,000 | 1,000,000 |
| Net interest income | 872,000 | 1,884,000 | 2,920,000 | 4,009,000 |
| Noninterest income | 22,000 | 50,000 | 85,000 | 122,000 |
| Noninterest expense | 662,000 | 1,355,000 | 2,109,000 | 2,971,000 |
| Provision for loan losses | -13,000 | 60,000 | 85,000 | 143,000 |
| Pretax income | 245,000 | 519,000 | 811,000 | 1,017,000 |
| Income tax | 93,000 | 196,000 | 307,000 | 385,000 |
| Net income | 152,000 | 323,000 | 504,000 | 632,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2011Q1 | 2011Q2 | 2011Q3 | 2011Q4 |
|---|---|---|---|---|
| Tier 1 capital | 13,591,000 | 13,660,000 | 14,255,000 | 14,390,000 |
| Total capital | 14,320,000 | 14,465,000 | 15,090,000 | 15,293,000 |
| Risk-weighted assets | 73,086,000 | 81,123,000 | 85,933,000 | 89,717,000 |