Call reports 2020
PRIME MERIDIAN BANK — 2020
What PRIME MERIDIAN BANK reported to the FFIEC in 2020, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Total assets | 536,073,000 | 602,129,000 | 620,614,000 | 647,267,000 |
| Total loans | 376,089,000 | 456,771,000 | 486,375,000 | 496,346,000 |
| Allowance for loan losses | 4,707,000 | 5,248,000 | 5,833,000 | 6,092,000 |
| Securities available for sale | 70,976,000 | 66,898,000 | 61,060,000 | 61,879,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 189,000 | 163,000 |
| Total deposits | 482,901,000 | 543,001,000 | 557,841,000 | 582,728,000 |
| Interest-bearing deposits | 368,107,000 | 389,973,000 | 404,753,000 | 418,580,000 |
| Noninterest-bearing deposits | 114,794,000 | 153,028,000 | 153,088,000 | 164,148,000 |
| Equity capital | 48,421,000 | 53,845,000 | 57,535,000 | 59,201,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Interest income | 5,046,000 | 10,379,000 | 15,834,000 | 21,684,000 |
| Interest expense | 902,000 | 1,668,000 | 2,377,000 | 3,004,000 |
| Net interest income | 4,144,000 | 8,711,000 | 13,457,000 | 18,680,000 |
| Noninterest income | 410,000 | 880,000 | 1,511,000 | 2,109,000 |
| Noninterest expense | 2,863,000 | 5,598,000 | 8,280,000 | 11,681,000 |
| Provision for loan losses | 636,000 | 1,863,000 | 2,484,000 | 2,850,000 |
| Pretax income | 1,055,000 | 2,130,000 | 4,204,000 | 6,258,000 |
| Income tax | 249,000 | 500,000 | 996,000 | 1,419,000 |
| Net income | 806,000 | 1,630,000 | 3,208,000 | 4,839,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Tier 1 capital | 47,609,000 | 52,489,000 | 56,120,000 | 57,800,000 |
| Total capital | 52,316,000 | 57,250,000 | 61,216,000 | 63,245,000 |
| Risk-weighted assets | 383,573,000 | 380,331,000 | 406,986,000 | 434,993,000 |