Call reports 2002
SUMMIT BANK — 2002
What SUMMIT BANK reported to the FFIEC in 2002, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2002Q1 | 2002Q2 | 2002Q3 | 2002Q4 |
|---|---|---|---|---|
| Total assets | 25,082,000 | 28,538,000 | 30,332,000 | 31,881,000 |
| Total loans | 14,143,000 | 18,055,000 | 20,662,000 | 24,078,000 |
| Allowance for loan losses | 177,000 | 226,000 | 259,000 | 301,000 |
| Securities available for sale | 0 | 0 | 0 | 510,000 |
| Securities held to maturity | 3,965,000 | 3,913,000 | 3,772,000 | 3,990,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 16,912,000 | 20,746,000 | 22,434,000 | 23,619,000 |
| Interest-bearing deposits | 15,190,000 | 17,762,000 | 20,196,000 | 21,157,000 |
| Noninterest-bearing deposits | 1,722,000 | 2,984,000 | 2,238,000 | 2,462,000 |
| Equity capital | 5,852,000 | 5,691,000 | 5,581,000 | 5,483,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2002Q1 | 2002Q2 | 2002Q3 | 2002Q4 |
|---|---|---|---|---|
| Interest income | 225,000 | 540,000 | 869,000 | 1,244,000 |
| Interest expense | 118,000 | 259,000 | 410,000 | 566,000 |
| Net interest income | 107,000 | 281,000 | 459,000 | 678,000 |
| Noninterest income | 14,000 | 21,000 | 53,000 | 70,000 |
| Noninterest expense | 292,000 | 585,000 | 873,000 | 1,166,000 |
| Provision for loan losses | 8,000 | 57,000 | 90,000 | 132,000 |
| Pretax income | -179,000 | -341,000 | -451,000 | -550,000 |
| Income tax | 0 | 0 | 0 | 0 |
| Net income | -179,000 | -341,000 | -451,000 | -550,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2002Q1 | 2002Q2 | 2002Q3 | 2002Q4 |
|---|---|---|---|---|
| Tier 1 capital | 5,693,000 | 5,546,000 | 5,449,000 | 5,364,000 |
| Total capital | 5,870,000 | 5,772,000 | 5,708,000 | 5,665,000 |
| Risk-weighted assets | 18,464,000 | 22,616,000 | 24,737,000 | 27,648,000 |
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