Call reports 2021
MERIDIAN BANK — 2021
What MERIDIAN BANK reported to the FFIEC in 2021, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2021Q1 | 2021Q2 | 2021Q3 | 2021Q4 |
|---|---|---|---|---|
| Total assets | 1,739,777,000 | 1,708,979,000 | 1,762,414,000 | 1,713,318,000 |
| Total loans | 1,524,799,000 | 1,495,099,000 | 1,496,665,000 | 1,467,339,000 |
| Allowance for loan losses | 18,376,000 | 18,361,000 | 18,976,000 | 18,758,000 |
| Securities available for sale | 134,165,000 | 141,909,000 | 146,149,000 | 159,302,000 |
| Securities held to maturity | 6,476,000 | 6,441,000 | 6,406,000 | 6,372,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 1,384,340,000 | 1,414,568,000 | 1,440,872,000 | 1,449,071,000 |
| Interest-bearing deposits | 1,125,860,000 | 1,151,474,000 | 1,173,205,000 | 1,171,885,000 |
| Noninterest-bearing deposits | 258,480,000 | 263,094,000 | 267,667,000 | 277,186,000 |
| Equity capital | 182,171,000 | 190,476,000 | 196,007,000 | 201,486,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2021Q1 | 2021Q2 | 2021Q3 | 2021Q4 |
|---|---|---|---|---|
| Interest income | 17,451,000 | 34,971,000 | 53,274,000 | 71,522,000 |
| Interest expense | 1,793,000 | 3,361,000 | 4,873,000 | 6,262,000 |
| Net interest income | 15,658,000 | 31,610,000 | 48,401,000 | 65,260,000 |
| Noninterest income | 27,018,000 | 48,747,000 | 70,759,000 | 87,580,000 |
| Noninterest expense | 28,263,000 | 54,510,000 | 80,189,000 | 103,727,000 |
| Provision for loan losses | 599,000 | 695,000 | 1,292,000 | 1,070,000 |
| Pretax income | 13,844,000 | 25,185,000 | 38,021,000 | 48,451,000 |
| Income tax | 3,136,000 | 5,680,000 | 8,543,000 | 10,717,000 |
| Net income | 10,708,000 | 19,505,000 | 29,478,000 | 37,734,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2021Q1 | 2021Q2 | 2021Q3 | 2021Q4 |
|---|---|---|---|---|
| Tier 1 capital | 177,102,000 | 184,044,000 | 190,891,000 | 196,500,000 |