Call reports 2023
MERIDIAN BANK — 2023
What MERIDIAN BANK reported to the FFIEC in 2023, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Total assets | 2,229,720,000 | 2,208,253,000 | 2,232,298,000 | 2,245,657,000 |
| Total loans | 1,853,890,000 | 1,900,260,000 | 1,908,773,000 | 1,920,622,000 |
| Allowance for loan losses | 20,442,000 | 20,242,000 | 19,683,000 | 22,107,000 |
| Securities available for sale | 142,933,000 | 126,668,000 | 122,218,000 | 146,019,000 |
| Securities held to maturity | 36,525,000 | 36,463,000 | 36,232,000 | 35,781,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 1,775,010,000 | 1,785,127,000 | 1,812,907,000 | 1,826,062,000 |
| Interest-bearing deposits | 1,507,777,000 | 1,513,431,000 | 1,563,977,000 | 1,584,173,000 |
| Noninterest-bearing deposits | 267,233,000 | 271,696,000 | 248,930,000 | 241,889,000 |
| Equity capital | 187,954,000 | 192,210,000 | 201,995,000 | 204,133,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Interest income | 30,946,000 | 64,782,000 | 100,242,000 | 136,587,000 |
| Interest expense | 12,733,000 | 28,874,000 | 46,522,000 | 65,163,000 |
| Net interest income | 18,213,000 | 35,908,000 | 53,720,000 | 71,424,000 |
| Noninterest income | 6,613,000 | 15,805,000 | 23,973,000 | 31,867,000 |
| Noninterest expense | 17,789,000 | 36,784,000 | 56,587,000 | 75,958,000 |
| Provision for loan losses | 1,472,000 | 2,258,000 | 2,610,000 | 7,234,000 |
| Pretax income | 5,663,000 | 12,782,000 | 18,795,000 | 20,496,000 |
| Income tax | 1,218,000 | 2,730,000 | 4,104,000 | 4,464,000 |
| Net income | 4,445,000 | 10,052,000 | 14,691,000 | 16,032,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Tier 1 capital | 195,484,000 | 200,723,000 | 212,104,000 | 211,355,000 |