Call reports 2014
MERIDIAN BANK — 2014
What MERIDIAN BANK reported to the FFIEC in 2014, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2014Q1 | 2014Q2 | 2014Q3 | 2014Q4 |
|---|---|---|---|---|
| Total assets | 513,450,000 | 560,437,000 | 584,483,000 | 582,208,000 |
| Total loans | 451,653,000 | 496,612,000 | 507,460,000 | 525,893,000 |
| Allowance for loan losses | 4,011,000 | 4,345,000 | 4,644,000 | 5,008,000 |
| Securities available for sale | 18,207,000 | 15,363,000 | 17,966,000 | 19,342,000 |
| Securities held to maturity | 8,502,000 | 9,193,000 | 12,082,000 | 11,570,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 415,035,000 | 435,285,000 | 459,530,000 | 462,709,000 |
| Interest-bearing deposits | 378,422,000 | 401,345,000 | 416,641,000 | 422,331,000 |
| Noninterest-bearing deposits | 36,613,000 | 33,940,000 | 42,889,000 | 40,378,000 |
| Equity capital | 41,031,000 | 42,464,000 | 43,733,000 | 45,041,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2014Q1 | 2014Q2 | 2014Q3 | 2014Q4 |
|---|---|---|---|---|
| Interest income | 5,787,000 | 11,979,000 | 18,383,000 | 25,261,000 |
| Interest expense | 812,000 | 1,693,000 | 2,669,000 | 3,751,000 |
| Net interest income | 4,975,000 | 10,286,000 | 15,714,000 | 21,510,000 |
| Noninterest income | 4,354,000 | 10,542,000 | 17,827,000 | 25,347,000 |
| Noninterest expense | 7,963,000 | 16,780,000 | 27,012,000 | 37,678,000 |
| Provision for loan losses | 365,000 | 1,207,000 | 1,970,000 | 2,542,000 |
| Pretax income | 942,000 | 2,782,000 | 4,500,000 | 6,578,000 |
| Income tax | 331,000 | 962,000 | 1,556,000 | 2,271,000 |
| Net income | 611,000 | 1,820,000 | 2,944,000 | 4,307,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2014Q1 | 2014Q2 | 2014Q3 | 2014Q4 |
|---|---|---|---|---|
| Tier 1 capital | 41,520,000 | 42,729,000 | 44,032,000 | 45,164,000 |
| Total capital | 48,876,000 | 53,419,000 | 62,121,000 | 63,617,000 |
| Risk-weighted assets | 486,286,000 | 515,274,000 | 528,885,000 | 542,328,000 |