Call reports 2019
MERIDIAN BANK — 2019
What MERIDIAN BANK reported to the FFIEC in 2019, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2019Q1 | 2019Q2 | 2019Q3 | 2019Q4 |
|---|---|---|---|---|
| Total assets | 1,027,515,000 | 1,055,906,000 | 1,126,937,000 | 1,149,979,000 |
| Total loans | 891,985,000 | 924,460,000 | 984,473,000 | 998,414,000 |
| Allowance for loan losses | 8,376,000 | 8,625,000 | 9,312,000 | 9,513,000 |
| Securities available for sale | 50,440,000 | 48,529,000 | 52,757,000 | 59,865,000 |
| Securities held to maturity | 12,712,000 | 12,287,000 | 8,814,000 | 8,780,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 810,713,000 | 840,714,000 | 858,711,000 | 851,316,000 |
| Interest-bearing deposits | 695,249,000 | 713,556,000 | 729,160,000 | 711,718,000 |
| Noninterest-bearing deposits | 115,464,000 | 127,158,000 | 129,551,000 | 139,598,000 |
| Equity capital | 111,992,000 | 114,379,000 | 117,522,000 | 159,643,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2019Q1 | 2019Q2 | 2019Q3 | 2019Q4 |
|---|---|---|---|---|
| Interest income | 12,324,000 | 25,397,000 | 38,987,000 | 52,863,000 |
| Interest expense | 3,847,000 | 7,999,000 | 12,315,000 | 16,446,000 |
| Net interest income | 8,477,000 | 17,398,000 | 26,672,000 | 36,417,000 |
| Noninterest income | 6,446,000 | 14,236,000 | 23,976,000 | 32,933,000 |
| Noninterest expense | 12,116,000 | 26,360,000 | 40,512,000 | 55,019,000 |
| Provision for loan losses | 219,000 | 233,000 | 938,000 | 901,000 |
| Pretax income | 2,588,000 | 5,180,000 | 9,410,000 | 13,595,000 |
| Income tax | 582,000 | 1,152,000 | 2,066,000 | 3,033,000 |
| Net income | 2,006,000 | 4,028,000 | 7,344,000 | 10,562,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2019Q1 | 2019Q2 | 2019Q3 | 2019Q4 |
|---|---|---|---|---|
| Tier 1 capital | 107,024,000 | 109,271,000 | 112,484,000 | 154,881,000 |
| Total capital | 124,745,000 | 127,156,000 | 131,041,000 | 166,360,000 |
| Risk-weighted assets | 914,145,000 | 960,816,000 | 1,001,660,000 | 1,034,014,000 |