Call reports 2021
PRIME MERIDIAN BANK — 2021
What PRIME MERIDIAN BANK reported to the FFIEC in 2021, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2021Q1 | 2021Q2 | 2021Q3 | 2021Q4 |
|---|---|---|---|---|
| Total assets | 720,851,000 | 756,537,000 | 794,361,000 | 841,095,000 |
| Total loans | 499,402,000 | 490,122,000 | 493,389,000 | 507,940,000 |
| Allowance for loan losses | 6,097,000 | 5,899,000 | 5,900,000 | 5,974,000 |
| Securities available for sale | 58,915,000 | 63,306,000 | 67,124,000 | 73,763,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 1,004,000 | 516,000 | 642,000 | 630,000 |
| Total deposits | 652,826,000 | 684,457,000 | 719,528,000 | 764,197,000 |
| Interest-bearing deposits | 458,368,000 | 483,698,000 | 498,345,000 | 553,591,000 |
| Noninterest-bearing deposits | 194,458,000 | 200,759,000 | 221,183,000 | 210,606,000 |
| Equity capital | 61,687,000 | 66,651,000 | 68,602,000 | 70,475,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2021Q1 | 2021Q2 | 2021Q3 | 2021Q4 |
|---|---|---|---|---|
| Interest income | 6,103,000 | 12,062,000 | 18,242,000 | 24,404,000 |
| Interest expense | 566,000 | 1,093,000 | 1,623,000 | 2,133,000 |
| Net interest income | 5,537,000 | 10,969,000 | 16,619,000 | 22,271,000 |
| Noninterest income | 635,000 | 1,338,000 | 2,045,000 | 2,739,000 |
| Noninterest expense | 3,208,000 | 6,399,000 | 9,838,000 | 13,767,000 |
| Provision for loan losses | 0 | -185,000 | -185,000 | -104,000 |
| Pretax income | 3,072,000 | 6,201,000 | 9,119,000 | 11,455,000 |
| Income tax | 739,000 | 1,493,000 | 2,195,000 | 2,658,000 |
| Net income | 2,333,000 | 4,708,000 | 6,924,000 | 8,797,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2021Q1 | 2021Q2 | 2021Q3 | 2021Q4 |
|---|---|---|---|---|
| Tier 1 capital | 61,289,000 | 65,946,000 | 68,218,000 | 70,548,000 |
| Total capital | 66,878,000 | 71,845,000 | 74,118,000 | 76,522,000 |
| Risk-weighted assets | 446,585,000 | 475,627,000 | 513,054,000 | 524,350,000 |