Call reports 2011
MERIDIAN BANK — 2011
What MERIDIAN BANK reported to the FFIEC in 2011, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2011Q1 | 2011Q2 | 2011Q3 | 2011Q4 |
|---|---|---|---|---|
| Total assets | 371,944,000 | 368,929,000 | 378,487,000 | 401,930,000 |
| Total loans | 308,730,000 | 331,035,000 | 334,399,000 | 349,051,000 |
| Allowance for loan losses | 3,802,000 | 4,286,000 | 4,573,000 | 4,480,000 |
| Securities available for sale | 16,388,000 | 15,534,000 | 15,171,000 | 15,791,000 |
| Securities held to maturity | 2,833,000 | 2,832,000 | 4,330,000 | 5,212,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 322,804,000 | 319,261,000 | 328,012,000 | 343,837,000 |
| Interest-bearing deposits | 289,524,000 | 275,008,000 | 272,806,000 | 299,547,000 |
| Noninterest-bearing deposits | 33,280,000 | 44,253,000 | 55,206,000 | 44,290,000 |
| Equity capital | 31,874,000 | 32,428,000 | 33,154,000 | 34,042,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2011Q1 | 2011Q2 | 2011Q3 | 2011Q4 |
|---|---|---|---|---|
| Interest income | 4,461,000 | 9,079,000 | 13,942,000 | 18,964,000 |
| Interest expense | 1,127,000 | 2,195,000 | 3,207,000 | 4,177,000 |
| Net interest income | 3,334,000 | 6,884,000 | 10,735,000 | 14,787,000 |
| Noninterest income | 681,000 | 1,924,000 | 3,696,000 | 6,050,000 |
| Noninterest expense | 3,082,000 | 6,546,000 | 10,563,000 | 15,467,000 |
| Provision for loan losses | 210,000 | 660,000 | 1,060,000 | 996,000 |
| Pretax income | 723,000 | 1,602,000 | 2,808,000 | 4,374,000 |
| Income tax | 232,000 | 565,000 | 966,000 | 1,482,000 |
| Net income | 491,000 | 1,037,000 | 1,842,000 | 2,892,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2011Q1 | 2011Q2 | 2011Q3 | 2011Q4 |
|---|---|---|---|---|
| Tier 1 capital | 31,987,000 | 32,369,000 | 33,011,000 | 33,906,000 |
| Total capital | 36,339,000 | 37,145,000 | 37,929,000 | 40,361,000 |
| Risk-weighted assets | 317,304,000 | 338,015,000 | 349,277,000 | 373,532,000 |