Call reports 2008
MERIDIAN BANK — 2008
What MERIDIAN 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 | 200,059,000 | 221,440,000 | 226,179,000 | 268,409,000 |
| Total loans | 153,375,000 | 178,328,000 | 199,858,000 | 214,273,000 |
| Allowance for loan losses | 1,497,000 | 1,739,000 | 1,889,000 | 2,100,000 |
| Securities available for sale | 34,399,000 | 27,842,000 | 10,819,000 | 6,025,000 |
| Securities held to maturity | 6,831,000 | 6,836,000 | 6,835,000 | 7,834,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 115,937,000 | 125,767,000 | 141,371,000 | 206,039,000 |
| Interest-bearing deposits | 108,719,000 | 119,267,000 | 133,501,000 | 199,109,000 |
| Noninterest-bearing deposits | 7,218,000 | 6,500,000 | 7,870,000 | 6,930,000 |
| Equity capital | 19,216,000 | 19,167,000 | 19,167,000 | 19,022,000 |
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 | 2,726,000 | 5,547,000 | 8,701,000 | 12,059,000 |
| Interest expense | 1,519,000 | 3,118,000 | 4,856,000 | 6,944,000 |
| Net interest income | 1,207,000 | 2,429,000 | 3,845,000 | 5,115,000 |
| Noninterest income | 78,000 | 186,000 | 363,000 | 411,000 |
| Noninterest expense | 1,164,000 | 2,254,000 | 3,493,000 | 4,949,000 |
| Provision for loan losses | 81,000 | 323,000 | 649,000 | 851,000 |
| Pretax income | 40,000 | 40,000 | 68,000 | -253,000 |
| Income tax | 14,000 | 13,000 | 22,000 | -86,000 |
| Net income | 26,000 | 27,000 | 46,000 | -167,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Tier 1 capital | 19,167,000 | 19,175,000 | 19,198,000 | 18,997,000 |
| Total capital | 20,664,000 | 20,914,000 | 21,087,000 | 21,647,000 |
| Risk-weighted assets | 165,673,000 | 192,999,000 | 207,852,000 | 211,866,000 |