Call reports 2017
MERIDIAN BANK — 2017
What MERIDIAN BANK reported to the FFIEC in 2017, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2017Q1 | 2017Q2 | 2017Q3 | 2017Q4 |
|---|---|---|---|---|
| Total assets | 748,685,000 | 780,661,000 | 803,906,000 | 856,037,000 |
| Total loans | 655,735,000 | 684,809,000 | 708,683,000 | 729,661,000 |
| Allowance for loan losses | 5,709,000 | 6,214,000 | 6,359,000 | 6,708,000 |
| Securities available for sale | 33,742,000 | 37,448,000 | 37,271,000 | 40,007,000 |
| Securities held to maturity | 14,494,000 | 13,577,000 | 13,391,000 | 12,861,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 565,805,000 | 559,519,000 | 617,682,000 | 627,109,000 |
| Interest-bearing deposits | 472,998,000 | 461,525,000 | 516,607,000 | 526,655,000 |
| Noninterest-bearing deposits | 92,807,000 | 97,994,000 | 101,075,000 | 100,454,000 |
| Equity capital | 69,943,000 | 71,138,000 | 72,234,000 | 101,363,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2017Q1 | 2017Q2 | 2017Q3 | 2017Q4 |
|---|---|---|---|---|
| Interest income | 8,106,000 | 16,719,000 | 25,910,000 | 35,720,000 |
| Interest expense | 1,378,000 | 2,957,000 | 4,807,000 | 6,779,000 |
| Net interest income | 6,728,000 | 13,762,000 | 21,103,000 | 28,941,000 |
| Noninterest income | 7,244,000 | 17,625,000 | 28,418,000 | 37,848,000 |
| Noninterest expense | 13,703,000 | 28,600,000 | 43,961,000 | 58,865,000 |
| Provision for loan losses | 159,000 | 780,000 | 1,445,000 | 2,161,000 |
| Pretax income | 110,000 | 2,011,000 | 4,119,000 | 5,789,000 |
| Income tax | 8,000 | 665,000 | 1,381,000 | 2,754,000 |
| Net income | 102,000 | 1,346,000 | 2,738,000 | 3,035,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2017Q1 | 2017Q2 | 2017Q3 | 2017Q4 |
|---|---|---|---|---|
| Tier 1 capital | 70,124,000 | 66,448,000 | 67,637,000 | 97,084,000 |
| Total capital | 89,571,000 | 86,435,000 | 87,649,000 | 117,239,000 |
| Risk-weighted assets | 684,134,000 | 707,932,000 | 734,801,000 | 754,695,000 |