Prime Meridian Bank Logo on Building
Investor Relations

Balance Sheet

Financial Highlights
2020 FQ2 YTD
6/30/2020
2019 FY
12/31/2019
2018 FY
12/31/2018
2017 FY
12/31/2017
2016 FY
12/31/2016
Assets ($000)
Cash and Due from Banks 6,993 9,024 7,866 6,971 4,817
Fed Funds Sold 13,809 24,613 34,777 20,148 25,963
Deposits at Financial Institutions 41,505 41,445 5,395 5,278 5,385
Securities Purchased, to Resell 0 0 0 0 0
Other Cash & Cash Equivalents 0 0 0 0 0
Cash and Cash Equivalents 62,307 75,082 48,038 32,397 36,165
Trading Account Securities 0 0 0 0 0
Available for Sale Securities 66,898 61,333 45,384 49,809 33,103
Held to Maturity Securities 0 0 0 0 0
Other Securities 493 404 355 316 220
Total Cash & Securities 129,698 136,819 93,777 82,522 69,488
Gross Loans Held for Investment 447,822 342,124 293,774 253,395 225,644
Loan Loss Reserve 5,248 4,414 3,661 3,136 2,876
Loans Held for Sale, before Reserves 8,949 6,193 4,767 5,880 3,291
Total Net Loans 451,523 343,903 294,880 256,139 226,059
Real Estate Owned and Held for Investment 234 0 0 0 0
Goodwill 0 0 0 0 0
Core Deposit Intangibles 0 0 0 0 0
Other Intangibles 0 0 0 0 0
Intangible Assets other than Goodwill 0 0 0 0 0
Total Intangible Assets 0 0 0 0 0
Loan Servicing Rights 0 0 0 0 0
Credit Card Rights 0 0 0 0 0
Other Loan Servicing Rights 0 0 0 0 0
Total Servicing Rights 0 0 0 0 0
Fixed Assets 11,755 11,413 4,656 4,872 4,929
Interest Receivable 1,723 1,137 1,034 978 798
Prepaid Expense NA NA NA NA 333
Bank-owned Life Insurance 6,581 6,501 6,323 1,757 1,711
Other Assets 658 1,088 1,032 912 623
Total Other Assets 20,717 20,139 13,045 8,519 8,394
Total Assets 602,172 500,861 401,702 347,180 303,941
Memo: Consolidated VIE Assets NA NA NA NA 0
Memo: Covered Loans 0 0 0 0 0
Memo: Covered OREO 0 0 0 0 0
Memo: Covered Securities 0 0 0 0 0
Memo: Covered Assets 0 0 0 0 0
Liabilities ($000)
Total Deposits 536,514 438,264 349,067 298,297 275,347
FHLB Borrowings 0 0 0 0 0
Senior Debt 3,669 5,012 0 0 0
Trust Preferred (FAS 150) 0 0 0 0 0
Total Subordinated Debt 0 0 0 0 0
Redeemable Financial Instruments (FAS 150) 0 0 0 0 0
Total Debt 3,669 5,012 0 0 0
Total Other Liabilities 4,957 1,717 1,815 1,910 1,512
Total Liabilities 545,140 444,993 350,882 300,207 276,859
Memo: Consolidated VIE Liabilities NA NA NA NA 0
Mezzanine ($000)
Redeemable Preferred 0 0 0 0 0
Trust Preferred Securities 0 0 0 0 0
Total Minority Interest 0 0 0 0 0
Other Mezzanine Items 0 0 0 0 0
Total Mezzanine Level Items 0 0 0 0 0
Equity ($000)
TARP Preferred Equity 0 0 0 0 0
Other Preferred Equity 0 0 0 0 0
Total Preferred Equity 0 0 0 0 0
Common Equity 57,032 55,868 50,820 46,973 27,082
Equity Attributable to Parent Company 57,032 55,868 50,820 46,973 27,082
Noncontrolling Interests 0 0 0 0 0
Total Equity 57,032 55,868 50,820 46,973 27,082
Net Unrealized Gain 1,356 200 (556) (296) (233)
Tot Acc Other Comprehensive Inc 1,356 200 (556) (296) (233)
Balance Sheet Analysis (%)
Gross Loans HFI/ Total Assets 74.37 68.31 73.13 72.99 74.24
Loans/ Deposits 83.47 78.06 84.16 84.95 81.95
Loan Loss Reserves/ Gross Loans 1.15 1.27 1.23 1.21 1.26
Reserves/ Loans Held For Investment 1.17 1.29 1.25 1.24 1.27
One Year Gap/ Assets NA NA NA NA NA
1-4 Loans Serviced for Others($000) 0 0 0 0 0
Level 1 Assets($000) 0 0 0 0 0
Level 2 Assets($000) 66,898 61,333 45,384 49,809 33,103
Level 3 Assets($000) 0 0 0 0 0
Level 1 Liabilities($000) NA NA NA NA NA
Level 2 Liabilities($000) NA NA NA NA NA
Level 3 Liabilities($000) NA NA NA NA NA
FTE Employees(actual) 89 88 79 71 64
Annualized Growth Rates (%)
Asset Growth 40.45 24.68 15.70 14.23 24.54
Gross Loans HFI Growth 61.79 16.46 15.94 12.30 19.04
Deposit Growth 44.84 25.55 17.02 8.33 26.55
Average Balances ($000)
Avg Gross Loans HFI 390,400 309,350 283,967 240,875 211,665
Avg Loans HFS 7,919 6,677 5,385 4,040 2,725
Average Loans, Gross of Reserves 398,319 316,027 289,352 244,915 214,390
Avg Securities NA NA NA NA NA
Avg Other Int Earn Assets NA NA NA NA NA
Avg Secs & Other Int Earn Assets 141,485 116,009 76,491 75,065 51,726
Avg Interest Earning Assets 539,804 432,036 365,843 319,980 266,116
Avg Assets 563,451 456,797 379,288 331,682 275,575
Avg CDs 68,597 52,962 32,665 21,403 21,643
Avg Other Interest-bearing Deposits 294,245 254,287 218,921 198,642 167,095
Avg Interest-bearing Deposits 362,842 307,249 251,586 220,045 188,738
Avg Debt 17,201 653 0 8 325
Avg Interest-bearing Liabs 380,043 307,902 251,586 220,053 189,063
Avg Noninterest-bearing Deposits 120,046 91,016 78,061 70,856 59,192
Avg Total Deposits 482,888 398,265 329,647 290,901 247,930
Avg Preferred Equity 0 0 0 0 0
Avg Common Equity 56,408 53,172 47,932 39,283 26,087
Avg Equity 56,408 53,172 47,932 39,283 26,087
Data shown on this page is extracted directly from the company’s documents. S&P makes every effort to line up fields, captions and headers that represent the same data over time, despite variations in how the company may report these items in different documents. In certain instances the variation in the company’s presentation over time may be too significant, potentially resulting in repeating and/or disordered items. Despite possible issues with the presentation, S&P, as always, stands by its commitment to the quality of the data.
Prime Meridian Bank has no control over information at any site or individual page hyperlinked to or from this site. Further, Prime Meridian Bank makes no representation concerning, and is not responsible for, the quality, content, nature or reliability of any hyperlinked site and provides such hyperlink(s) as a convenience.