Call reports 2023
PRIME MERIDIAN BANK — 2023
What PRIME MERIDIAN BANK reported to the FFIEC in 2023, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Total assets | 816,173,000 | 820,921,000 | 831,830,000 | 854,494,000 |
| Total loans | 619,036,000 | 626,087,000 | 639,055,000 | 657,024,000 |
| Allowance for loan losses | 4,802,000 | 4,729,000 | 4,899,000 | 5,609,000 |
| Securities available for sale | 129,748,000 | 126,792,000 | 123,838,000 | 124,475,000 |
| Securities held to maturity | 11,816,000 | 11,827,000 | 11,838,000 | 11,850,000 |
| Trading assets | 2,135,000 | 2,462,000 | 2,786,000 | 2,253,000 |
| Total deposits | 718,956,000 | 705,177,000 | 724,642,000 | 752,243,000 |
| Interest-bearing deposits | 517,744,000 | 513,466,000 | 529,368,000 | 559,263,000 |
| Noninterest-bearing deposits | 201,212,000 | 191,711,000 | 195,274,000 | 192,980,000 |
| Equity capital | 74,287,000 | 72,816,000 | 73,514,000 | 78,763,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Interest income | 9,199,000 | 18,879,000 | 29,060,000 | 39,927,000 |
| Interest expense | 1,606,000 | 3,942,000 | 6,960,000 | 10,598,000 |
| Net interest income | 7,593,000 | 14,937,000 | 22,100,000 | 29,329,000 |
| Noninterest income | 542,000 | 1,116,000 | 1,732,000 | 2,353,000 |
| Noninterest expense | 4,387,000 | 8,833,000 | 13,486,000 | 18,084,000 |
| Provision for loan losses | 243,000 | 520,000 | 739,000 | 1,450,000 |
| Pretax income | 3,505,000 | 6,652,000 | 9,603,000 | 12,148,000 |
| Income tax | 849,000 | 1,608,000 | 2,317,000 | 2,918,000 |
| Net income | 2,656,000 | 5,044,000 | 7,286,000 | 9,230,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Tier 1 capital | 82,784,000 | 82,221,000 | 84,540,000 | 86,576,000 |
| Total capital | 87,586,000 | 86,998,000 | 89,443,000 | 92,185,000 |
| Risk-weighted assets | 633,324,000 | 632,233,000 | 639,222,000 | 657,016,000 |