Call reports 2020
MERIDIAN BANK — 2020
What MERIDIAN BANK reported to the FFIEC in 2020, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Total assets | 1,303,282,000 | 1,579,083,000 | 1,758,649,000 | 1,720,166,000 |
| Total loans | 1,129,066,000 | 1,380,659,000 | 1,531,996,000 | 1,513,962,000 |
| Allowance for loan losses | 11,098,000 | 12,706,000 | 16,573,000 | 17,767,000 |
| Securities available for sale | 91,577,000 | 97,099,000 | 103,358,000 | 123,562,000 |
| Securities held to maturity | 7,747,000 | 6,578,000 | 6,544,000 | 6,510,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 993,755,000 | 1,166,698,000 | 1,209,024,000 | 1,241,548,000 |
| Interest-bearing deposits | 852,927,000 | 952,330,000 | 1,015,171,000 | 1,037,492,000 |
| Noninterest-bearing deposits | 140,828,000 | 214,368,000 | 193,853,000 | 204,056,000 |
| Equity capital | 157,544,000 | 164,446,000 | 171,298,000 | 180,288,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Interest income | 13,794,000 | 28,849,000 | 44,729,000 | 62,656,000 |
| Interest expense | 3,566,000 | 6,459,000 | 9,086,000 | 11,457,000 |
| Net interest income | 10,228,000 | 22,390,000 | 35,643,000 | 51,199,000 |
| Noninterest income | 10,355,000 | 30,986,000 | 55,593,000 | 85,542,000 |
| Noninterest expense | 15,198,000 | 38,447,000 | 61,153,000 | 93,086,000 |
| Provision for loan losses | 1,552,000 | 3,183,000 | 7,139,000 | 8,302,000 |
| Pretax income | 3,833,000 | 11,801,000 | 24,323,000 | 36,729,000 |
| Income tax | 755,000 | 2,445,000 | 5,218,000 | 8,098,000 |
| Net income | 3,078,000 | 9,356,000 | 19,105,000 | 28,631,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Tier 1 capital | 152,441,000 | 157,673,000 | 165,278,000 | 173,231,000 |