Call reports 2019
PRIME MERIDIAN BANK — 2019
What PRIME MERIDIAN BANK reported to the FFIEC in 2019, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2019Q1 | 2019Q2 | 2019Q3 | 2019Q4 |
|---|---|---|---|---|
| Total assets | 426,798,000 | 450,628,000 | 483,964,000 | 500,841,000 |
| Total loans | 299,508,000 | 310,178,000 | 327,697,000 | 348,317,000 |
| Allowance for loan losses | 3,800,000 | 4,006,000 | 3,982,000 | 4,414,000 |
| Securities available for sale | 48,205,000 | 52,431,000 | 55,773,000 | 61,333,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 387,058,000 | 405,230,000 | 433,580,000 | 447,765,000 |
| Interest-bearing deposits | 290,327,000 | 300,716,000 | 324,465,000 | 341,457,000 |
| Noninterest-bearing deposits | 96,731,000 | 104,514,000 | 109,115,000 | 106,308,000 |
| Equity capital | 38,583,000 | 39,973,000 | 43,443,000 | 46,953,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2019Q1 | 2019Q2 | 2019Q3 | 2019Q4 |
|---|---|---|---|---|
| Interest income | 4,500,000 | 9,111,000 | 14,029,000 | 18,986,000 |
| Interest expense | 813,000 | 1,664,000 | 2,603,000 | 3,570,000 |
| Net interest income | 3,687,000 | 7,447,000 | 11,426,000 | 15,416,000 |
| Noninterest income | 355,000 | 817,000 | 1,239,000 | 1,725,000 |
| Noninterest expense | 2,603,000 | 5,502,000 | 8,273,000 | 10,881,000 |
| Provision for loan losses | 165,000 | 344,000 | 585,000 | 1,131,000 |
| Pretax income | 1,281,000 | 2,425,000 | 3,814,000 | 5,136,000 |
| Income tax | 310,000 | 589,000 | 932,000 | 1,215,000 |
| Net income | 971,000 | 1,836,000 | 2,882,000 | 3,921,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2019Q1 | 2019Q2 | 2019Q3 | 2019Q4 |
|---|---|---|---|---|
| Tier 1 capital | 38,819,000 | 39,727,000 | 43,068,000 | 46,752,000 |
| Total capital | 42,552,000 | 43,643,000 | 47,050,000 | 51,165,000 |
| Risk-weighted assets | 298,526,000 | 313,176,000 | 332,623,000 | 353,002,000 |