Call reports 2016
MERIDIAN BANK — 2016
What MERIDIAN BANK reported to the FFIEC in 2016, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2016Q1 | 2016Q2 | 2016Q3 | 2016Q4 |
|---|---|---|---|---|
| Total assets | 644,493,000 | 727,497,000 | 747,696,000 | 733,693,000 |
| Total loans | 572,500,000 | 645,318,000 | 666,565,000 | 643,864,000 |
| Allowance for loan losses | 5,168,000 | 5,244,000 | 5,682,000 | 5,425,000 |
| Securities available for sale | 30,305,000 | 32,439,000 | 30,508,000 | 33,027,000 |
| Securities held to maturity | 15,618,000 | 15,087,000 | 15,055,000 | 14,525,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 543,227,000 | 531,417,000 | 526,053,000 | 527,135,000 |
| Interest-bearing deposits | 486,996,000 | 457,958,000 | 459,745,000 | 431,034,000 |
| Noninterest-bearing deposits | 56,231,000 | 73,459,000 | 66,308,000 | 96,101,000 |
| Equity capital | 66,925,000 | 68,363,000 | 70,133,000 | 69,963,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2016Q1 | 2016Q2 | 2016Q3 | 2016Q4 |
|---|---|---|---|---|
| Interest income | 7,200,000 | 14,735,000 | 22,860,000 | 30,981,000 |
| Interest expense | 1,216,000 | 2,501,000 | 3,846,000 | 5,192,000 |
| Net interest income | 5,984,000 | 12,234,000 | 19,014,000 | 25,789,000 |
| Noninterest income | 8,441,000 | 19,294,000 | 33,042,000 | 44,306,000 |
| Noninterest expense | 12,927,000 | 27,639,000 | 44,637,000 | 61,380,000 |
| Provision for loan losses | 66,000 | 306,000 | 858,000 | 1,198,000 |
| Pretax income | 1,432,000 | 3,583,000 | 6,564,000 | 7,520,000 |
| Income tax | 474,000 | 1,260,000 | 2,302,000 | 2,599,000 |
| Net income | 958,000 | 2,323,000 | 4,262,000 | 4,921,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2016Q1 | 2016Q2 | 2016Q3 | 2016Q4 |
|---|---|---|---|---|
| Tier 1 capital | 66,888,000 | 68,048,000 | 69,883,000 | 70,271,000 |
| Total capital | 85,501,000 | 86,830,000 | 89,223,000 | 89,396,000 |
| Risk-weighted assets | 570,262,000 | 636,518,000 | 663,537,000 | 661,692,000 |