Call reports 2024
MERIDIAN BANK — 2024
What MERIDIAN BANK reported to the FFIEC in 2024, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Total assets | 2,292,667,000 | 2,349,601,000 | 2,385,994,000 | 2,382,012,000 |
| Total loans | 1,985,440,000 | 2,042,813,000 | 2,054,998,000 | 2,062,850,000 |
| Allowance for loan losses | 23,171,000 | 21,703,000 | 21,965,000 | 18,438,000 |
| Securities available for sale | 150,996,000 | 159,141,000 | 171,568,000 | 174,304,000 |
| Securities held to maturity | 35,157,000 | 35,089,000 | 33,833,000 | 33,771,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 1,901,897,000 | 1,918,053,000 | 1,979,122,000 | 2,008,396,000 |
| Interest-bearing deposits | 1,680,115,000 | 1,691,396,000 | 1,741,720,000 | 1,764,510,000 |
| Noninterest-bearing deposits | 221,782,000 | 226,657,000 | 237,402,000 | 243,886,000 |
| Equity capital | 208,266,000 | 211,307,000 | 217,028,000 | 219,119,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Interest income | 37,215,000 | 75,680,000 | 115,999,000 | 156,027,000 |
| Interest expense | 19,840,000 | 40,696,000 | 61,967,000 | 81,896,000 |
| Net interest income | 17,375,000 | 34,984,000 | 54,032,000 | 74,131,000 |
| Noninterest income | 7,983,000 | 17,177,000 | 27,939,000 | 40,921,000 |
| Noninterest expense | 17,903,000 | 36,715,000 | 57,063,000 | 78,151,000 |
| Provision for loan losses | 3,374,000 | 6,020,000 | 7,996,000 | 11,593,000 |
| Pretax income | 4,560,000 | 9,867,000 | 17,067,000 | 25,407,000 |
| Income tax | 1,064,000 | 2,347,000 | 4,049,000 | 6,253,000 |
| Net income | 3,496,000 | 7,520,000 | 13,018,000 | 19,154,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Tier 1 capital | 214,508,000 | 217,242,000 | 221,692,000 | 224,709,000 |