Call reports 2024
PRIME MERIDIAN BANK — 2024
What PRIME MERIDIAN BANK reported to the FFIEC in 2024, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Total assets | 862,598,000 | 893,283,000 | 931,493,000 | 923,785,000 |
| Total loans | 676,205,000 | 695,549,000 | 699,904,000 | 708,274,000 |
| Allowance for loan losses | 5,796,000 | 5,282,000 | 5,389,000 | 5,632,000 |
| Securities available for sale | 117,413,000 | 99,798,000 | 90,935,000 | 89,983,000 |
| Securities held to maturity | 11,861,000 | 13,267,000 | 13,276,000 | 15,276,000 |
| Trading assets | 2,509,000 | 2,588,000 | 1,291,000 | 1,593,000 |
| Total deposits | 753,280,000 | 791,933,000 | 825,823,000 | 821,869,000 |
| Interest-bearing deposits | 550,630,000 | 584,212,000 | 621,327,000 | 637,906,000 |
| Noninterest-bearing deposits | 202,650,000 | 207,721,000 | 204,496,000 | 183,963,000 |
| Equity capital | 80,641,000 | 82,789,000 | 87,869,000 | 88,696,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Interest income | 11,065,000 | 22,803,000 | 35,497,000 | 48,243,000 |
| Interest expense | 3,956,000 | 8,323,000 | 13,098,000 | 18,085,000 |
| Net interest income | 7,109,000 | 14,480,000 | 22,399,000 | 30,158,000 |
| Noninterest income | 572,000 | 1,222,000 | 1,897,000 | 2,637,000 |
| Noninterest expense | 4,778,000 | 9,866,000 | 14,763,000 | 19,876,000 |
| Provision for loan losses | 211,000 | 497,000 | 615,000 | 941,000 |
| Pretax income | 2,692,000 | 5,181,000 | 8,778,000 | 11,806,000 |
| Income tax | 643,000 | 1,237,000 | 2,112,000 | 2,842,000 |
| Net income | 2,049,000 | 3,944,000 | 6,666,000 | 8,964,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Tier 1 capital | 88,744,000 | 90,749,000 | 93,581,000 | 96,186,000 |
| Total capital | 94,540,000 | 96,189,000 | 99,110,000 | 101,990,000 |
| Risk-weighted assets | 674,497,000 | 682,908,000 | 691,410,000 | 685,577,000 |