Call reports 2008
MERRICK BANK — 2008
What MERRICK BANK reported to the FFIEC in 2008, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Total assets | 1,181,376,000 | 1,202,315,000 | 1,166,233,000 | 1,171,041,000 |
| Total loans | 1,105,671,000 | 1,122,389,000 | 1,154,196,000 | 1,170,579,000 |
| Allowance for loan losses | 207,645,000 | 211,060,000 | 216,310,000 | 231,885,000 |
| Securities available for sale | 0 | 0 | 0 | 17,468,000 |
| Securities held to maturity | 7,296,000 | 8,992,000 | 10,682,000 | 10,993,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 935,315,000 | 979,490,000 | 937,377,000 | 945,869,000 |
| Interest-bearing deposits | 748,748,000 | 795,701,000 | 857,216,000 | 858,213,000 |
| Noninterest-bearing deposits | 186,567,000 | 183,789,000 | 80,161,000 | 87,656,000 |
| Equity capital | 218,874,000 | 204,498,000 | 205,760,000 | 201,842,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Interest income | 67,939,000 | 129,202,000 | 197,881,000 | 268,897,000 |
| Interest expense | 9,780,000 | 18,766,000 | 27,635,000 | 36,451,000 |
| Net interest income | 58,159,000 | 110,436,000 | 170,246,000 | 232,446,000 |
| Noninterest income | 14,424,000 | 29,505,000 | 43,917,000 | 57,467,000 |
| Noninterest expense | 23,932,000 | 48,744,000 | 71,759,000 | 92,371,000 |
| Provision for loan losses | 43,133,000 | 92,648,000 | 141,839,000 | 205,290,000 |
| Pretax income | 5,518,000 | -1,451,000 | 565,000 | -7,748,000 |
| Income tax | 2,252,000 | -341,000 | 413,000 | -3,982,000 |
| Net income | 3,266,000 | -1,110,000 | 152,000 | -3,766,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Tier 1 capital | 218,874,000 | 204,498,000 | 205,760,000 | 201,842,000 |
| Total capital | 234,529,000 | 220,405,000 | 221,946,000 | 218,358,000 |
| Risk-weighted assets | 1,060,435,000 | 1,077,391,000 | 1,094,776,000 | 1,105,935,000 |