Call reports 2015
MERIDIAN BANK — 2015
What MERIDIAN BANK reported to the FFIEC in 2015, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2015Q1 | 2015Q2 | 2015Q3 | 2015Q4 |
|---|---|---|---|---|
| Total assets | 586,248,000 | 612,290,000 | 647,630,000 | 663,343,000 |
| Total loans | 520,473,000 | 550,899,000 | 575,862,000 | 584,428,000 |
| Allowance for loan losses | 4,968,000 | 4,621,000 | 5,102,000 | 5,298,000 |
| Securities available for sale | 19,152,000 | 19,930,000 | 21,269,000 | 24,090,000 |
| Securities held to maturity | 12,128,000 | 17,863,000 | 17,422,000 | 15,648,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 461,632,000 | 482,315,000 | 514,689,000 | 490,568,000 |
| Interest-bearing deposits | 418,058,000 | 430,973,000 | 466,435,000 | 430,068,000 |
| Noninterest-bearing deposits | 43,574,000 | 51,342,000 | 48,254,000 | 60,500,000 |
| Equity capital | 48,199,000 | 50,137,000 | 51,714,000 | 52,921,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2015Q1 | 2015Q2 | 2015Q3 | 2015Q4 |
|---|---|---|---|---|
| Interest income | 6,671,000 | 13,330,000 | 20,634,000 | 27,980,000 |
| Interest expense | 1,058,000 | 2,193,000 | 3,411,000 | 4,590,000 |
| Net interest income | 5,613,000 | 11,137,000 | 17,223,000 | 23,390,000 |
| Noninterest income | 8,017,000 | 16,794,000 | 26,901,000 | 37,305,000 |
| Noninterest expense | 11,110,000 | 22,335,000 | 35,404,000 | 49,793,000 |
| Provision for loan losses | 60,000 | 335,000 | 996,000 | 1,434,000 |
| Pretax income | 2,428,000 | 5,229,000 | 7,692,000 | 9,436,000 |
| Income tax | 835,000 | 1,812,000 | 2,661,000 | 3,248,000 |
| Net income | 1,593,000 | 3,417,000 | 5,031,000 | 6,188,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2015Q1 | 2015Q2 | 2015Q3 | 2015Q4 |
|---|---|---|---|---|
| Tier 1 capital | 48,216,000 | 50,224,000 | 51,668,000 | 53,000,000 |
| Total capital | 66,629,000 | 68,290,000 | 70,215,000 | 71,743,000 |
| Risk-weighted assets | 523,617,000 | 539,123,000 | 573,679,000 | 570,276,000 |