Call reports 2004
MERIDIAN BANK — 2004
What MERIDIAN BANK reported to the FFIEC in 2004, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2004Q3 | 2004Q4 |
|---|---|---|
| Total assets | 25,175,000 | 54,026,000 |
| Total loans | 5,431,000 | 24,266,000 |
| Allowance for loan losses | 68,000 | 303,000 |
| Securities available for sale | 19,000,000 | 28,088,000 |
| Securities held to maturity | 0 | 0 |
| Trading assets | 0 | 0 |
| Total deposits | 6,322,000 | 24,060,000 |
| Interest-bearing deposits | 6,168,000 | 23,446,000 |
| Noninterest-bearing deposits | 154,000 | 614,000 |
| Equity capital | 8,627,000 | 8,846,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2004Q3 | 2004Q4 |
|---|---|---|
| Interest income | 60,000 | 334,000 |
| Interest expense | 12,000 | 103,000 |
| Net interest income | 48,000 | 231,000 |
| Noninterest income | 0 | 2,000 |
| Noninterest expense | 831,000 | 1,339,000 |
| Provision for loan losses | 68,000 | 303,000 |
| Pretax income | -851,000 | -1,409,000 |
| Income tax | 0 | 0 |
| Net income | -851,000 | -1,409,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2004Q3 | 2004Q4 |
|---|---|---|
| Tier 1 capital | 8,627,000 | 8,846,000 |
| Total capital | 8,695,000 | 9,149,000 |
| Risk-weighted assets | 9,985,000 | 32,902,000 |