Prime Meridian Bank Logo on Building
Investor Relations

Financial Highlights

Financial Highlights
2016 FY
12/31/2016
2017 FY
12/31/2017
2018 FY
12/31/2018
2019 FY
12/31/2019
2020 FQ2 YTD
6/30/2020
Balance Sheet ($000)
Total Assets 303,941 347,180 401,702 500,861 602,172
Total Net Loans 226,059 256,139 294,880 343,903 451,523
Total Deposits 275,347 298,297 349,067 438,264 536,514
Equity Attributable to Parent Company 27,082 46,973 50,820 55,868 57,032
Total Equity 27,082 46,973 50,820 55,868 57,032
Profitability (%)
Net Income($000) 2,220 2,817 4,042 3,542 1,436
Net Income Attributable to Parent($000) 2,220 2,817 4,042 3,542 1,436
ROAA 0.81 0.85 1.07 0.78 0.51
Core ROAA 0.78 0.90 1.07 0.80 0.51
ROAE 8.51 7.17 8.43 6.66 5.09
ROATCE 8.51 7.17 8.43 6.66 5.09
Core ROAE 8.26 7.57 8.43 6.90 5.09
Net Interest Margin 3.74 3.68 3.81 3.57 3.23
Reported: Net Interest Margin 3.74 3.68 3.81 3.57 3.23
Efficiency Ratio 67.23 62.79 61.19 65.02 60.64
Noninterest Inc/ Operating Rev 13.32 8.93 7.66 9.01 8.23
Balance Sheet Ratios (%)
Loans/ Deposits 81.95 84.95 84.16 78.06 83.47
Securities/ Assets 10.96 14.44 11.39 12.33 11.19
Total Equity/ Total Assets 8.91 13.53 12.65 11.15 9.47
Tangible Equity/ Tangible Assets 8.91 13.53 12.65 11.15 9.47
Tang Common Equity/ Tang Assets 8.91 13.53 12.65 11.15 9.47
Asset Quality (%)
NPAs/ Assets 0.27 0.09 NA NA NA
NPA Excl Restructured/ Assets 0.27 0.04 0.09 0.52 0.33
NPAs & 90+ PD/ Assets 0.27 0.09 NA NA NA
NPAs/ Loans & REO 0.35 0.11 NA NA NA
Nonaccrual & 90+ & OREO/ Assets 0.27 0.04 0.09 0.52 0.33
NPAs & 90+ PD/ Loans & REO 0.35 0.11 NA NA NA
NPA & Loans 90+/ Tangible Common Equity + LLR 2.71 0.59 NA NA NA
NCOs/ Avg Loans 0.01 0 0.02 0.12 0.52
Loan Loss Reserves/ Gross Loans 1.26 1.21 1.23 1.27 1.15
Reserves/ NPAs 354.62 NM NA NA NA
Loan Loss Provision/ NCO NM NM NM 299.21 181.05
Capital Adequacy
Tier 1 Common Capital (CET1)($000) 25,994 NA NA NA NA
Tier 1 Capital($000) 25,994 NA NA NA NA
Tier 2 Capital($000) 2,778 NA NA NA NA
Total Capital($000) 28,772 NA NA NA NA
Total Risk-weighted Assets($000) 222,108 NA NA NA NA
Tier 1 Common Capital (CET1) Ratio(%) 11.70 NA NA NA NA
Tier 1 Ratio(%) 11.70 NA NA NA NA
Total Capital Ratio(%) 12.95 NA NA NA NA
Liquidity Coverage Ratio(%) NA NA NA NA NA
Leverage Ratio(%) 8.73 NA 12.61 11.08 9.53
Basel III Leverage Ratio(%) NA NA NA NA NA
Per Share Information ($)
Common Shares Outstanding(actual) 2,004,707 3,118,977 3,138,945 3,191,288 3,116,499
Avg Diluted Shares(actual) 1,991,161 2,711,699 3,131,546 3,159,635 3,150,240
Basic Book Value per Share 13.51 15.06 16.19 17.51 18.30
Book Value per Share, As Reported 13.51 15.06 16.19 17.51 18.30
Basic Tangible Book Value per Share 13.51 15.06 16.19 17.51 18.30
Tangible Book Value per Share, As Reported 13.51 15.06 16.19 17.51 18.30
Common Dividends Declared per Share 0.05 0.07 0.10 0.12 0.12
EPS after Extra 1.11 1.04 1.29 1.12 0.45
EPS after Extra Growth(%) 27.60 (6.30) 24 (13.20) (13.50)
Core EPS 1.08 1.10 1.29 1.16 0.45
Core EPS Growth(%) 28.50 1.90 17.50 (10) (16)
Diluted EPS before Amortization 1.11 1.04 1.29 1.12 0.45
Pre-Provision Earnings per Share 1.22 1.15 1.48 1.48 0.92
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.