Call reports 2009
MERIDIAN BANK — 2009
What MERIDIAN BANK reported to the FFIEC in 2009, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2009Q1 | 2009Q2 | 2009Q3 | 2009Q4 |
|---|---|---|---|---|
| Total assets | 257,238,000 | 269,954,000 | 273,438,000 | 291,670,000 |
| Total loans | 231,773,000 | 253,250,000 | 254,249,000 | 271,297,000 |
| Allowance for loan losses | 2,403,000 | 2,629,000 | 2,650,000 | 3,113,000 |
| Securities available for sale | 5,012,000 | 2,004,000 | 3,510,000 | 3,958,000 |
| Securities held to maturity | 7,834,000 | 6,833,000 | 6,832,000 | 4,832,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 194,378,000 | 205,597,000 | 220,257,000 | 231,025,000 |
| Interest-bearing deposits | 186,104,000 | 198,121,000 | 207,660,000 | 213,670,000 |
| Noninterest-bearing deposits | 8,274,000 | 7,476,000 | 12,597,000 | 17,355,000 |
| Equity capital | 24,671,000 | 24,350,000 | 24,334,000 | 31,159,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2009Q1 | 2009Q2 | 2009Q3 | 2009Q4 |
|---|---|---|---|---|
| Interest income | 3,213,000 | 6,644,000 | 10,363,000 | 14,243,000 |
| Interest expense | 2,008,000 | 3,784,000 | 5,469,000 | 6,848,000 |
| Net interest income | 1,205,000 | 2,860,000 | 4,894,000 | 7,395,000 |
| Noninterest income | 79,000 | 150,000 | 212,000 | 306,000 |
| Noninterest expense | 1,669,000 | 3,343,000 | 5,055,000 | 6,613,000 |
| Provision for loan losses | 327,000 | 591,000 | 750,000 | 1,212,000 |
| Pretax income | -712,000 | -924,000 | -699,000 | -124,000 |
| Income tax | -232,000 | -295,000 | -214,000 | -93,000 |
| Net income | -480,000 | -629,000 | -485,000 | -31,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2009Q1 | 2009Q2 | 2009Q3 | 2009Q4 |
|---|---|---|---|---|
| Tier 1 capital | 24,659,000 | 24,346,000 | 24,324,000 | 31,202,000 |
| Total capital | 27,612,000 | 27,525,000 | 27,524,000 | 34,865,000 |
| Risk-weighted assets | 230,636,000 | 250,638,000 | 250,711,000 | 269,423,000 |