Call reports 2020
MERRICK BANK — 2020
What MERRICK 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 | 4,062,703,000 | 4,150,290,000 | 4,082,462,000 | 4,439,614,000 |
| Total loans | 3,773,696,000 | 3,567,215,000 | 3,586,596,000 | 3,708,925,000 |
| Allowance for loan losses | 550,995,000 | 506,735,000 | 482,955,000 | 502,950,000 |
| Securities available for sale | 87,626,000 | 78,024,000 | 84,979,000 | 92,520,000 |
| Securities held to maturity | 34,838,000 | 31,452,000 | 25,571,000 | 21,438,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 3,127,166,000 | 3,137,475,000 | 3,017,621,000 | 3,310,427,000 |
| Interest-bearing deposits | 2,967,291,000 | 2,913,762,000 | 2,791,898,000 | 3,068,711,000 |
| Noninterest-bearing deposits | 159,875,000 | 223,713,000 | 225,723,000 | 241,716,000 |
| Equity capital | 878,559,000 | 951,034,000 | 1,019,388,000 | 1,076,717,000 |
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 | 224,001,000 | 413,172,000 | 608,280,000 | 817,533,000 |
| Interest expense | 16,077,000 | 31,193,000 | 44,650,000 | 56,255,000 |
| Net interest income | 207,924,000 | 381,979,000 | 563,630,000 | 761,278,000 |
| Noninterest income | 37,783,000 | 74,032,000 | 112,138,000 | 151,474,000 |
| Noninterest expense | 67,552,000 | 129,080,000 | 187,599,000 | 253,459,000 |
| Provision for loan losses | 136,878,000 | 190,788,000 | 237,736,000 | 305,731,000 |
| Pretax income | 41,279,000 | 136,145,000 | 250,435,000 | 353,564,000 |
| Income tax | 11,060,000 | 35,103,000 | 63,542,000 | 91,160,000 |
| Net income | 30,219,000 | 101,042,000 | 186,893,000 | 262,404,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Tier 1 capital | 879,164,000 | 950,705,000 | 1,019,365,000 | 1,076,298,000 |
| Total capital | 930,538,000 | 999,692,000 | 1,068,329,000 | 1,127,063,000 |
| Risk-weighted assets | 3,610,301,000 | 3,461,180,000 | 3,483,145,000 | 3,609,016,000 |