Call reports 2010
MERIDIAN BANK — 2010
What MERIDIAN BANK reported to the FFIEC in 2010, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2010Q1 | 2010Q2 | 2010Q3 | 2010Q4 |
|---|---|---|---|---|
| Total assets | 311,980,000 | 343,089,000 | 352,762,000 | 368,599,000 |
| Total loans | 279,791,000 | 317,794,000 | 326,497,000 | 342,389,000 |
| Allowance for loan losses | 3,453,000 | 3,871,000 | 4,000,000 | 3,806,000 |
| Securities available for sale | 4,991,000 | 5,012,000 | 6,518,000 | 9,420,000 |
| Securities held to maturity | 2,836,000 | 2,836,000 | 2,835,000 | 2,834,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 256,732,000 | 278,210,000 | 301,895,000 | 306,471,000 |
| Interest-bearing deposits | 239,404,000 | 255,527,000 | 279,481,000 | 280,499,000 |
| Noninterest-bearing deposits | 17,328,000 | 22,683,000 | 22,414,000 | 25,972,000 |
| Equity capital | 30,792,000 | 31,060,000 | 31,090,000 | 31,576,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2010Q1 | 2010Q2 | 2010Q3 | 2010Q4 |
|---|---|---|---|---|
| Interest income | 3,844,000 | 8,088,000 | 12,680,000 | 17,483,000 |
| Interest expense | 1,177,000 | 2,288,000 | 3,425,000 | 4,594,000 |
| Net interest income | 2,667,000 | 5,800,000 | 9,255,000 | 12,889,000 |
| Noninterest income | 154,000 | 343,000 | 936,000 | 2,626,000 |
| Noninterest expense | 1,900,000 | 4,074,000 | 6,793,000 | 10,597,000 |
| Provision for loan losses | 1,352,000 | 1,863,000 | 2,676,000 | 3,334,000 |
| Pretax income | -431,000 | 206,000 | 722,000 | 1,584,000 |
| Income tax | -161,000 | 43,000 | 204,000 | 488,000 |
| Net income | -270,000 | 163,000 | 518,000 | 1,096,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2010Q1 | 2010Q2 | 2010Q3 | 2010Q4 |
|---|---|---|---|---|
| Tier 1 capital | 30,802,000 | 31,047,000 | 31,077,000 | 31,659,000 |
| Total capital | 34,805,000 | 35,468,000 | 35,559,000 | 36,015,000 |
| Risk-weighted assets | 279,100,000 | 313,044,000 | 314,561,000 | 327,225,000 |