Call reports 2008
SUMMIT BANK — 2008
What SUMMIT BANK reported to the FFIEC in 2008, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Total assets | 188,025,000 | 198,546,000 | 264,571,000 | 228,369,000 |
| Total loans | 158,980,000 | 172,125,000 | 177,828,000 | 169,920,000 |
| Allowance for loan losses | 1,556,000 | 1,757,000 | 1,897,000 | 2,154,000 |
| Securities available for sale | 8,293,000 | 8,748,000 | 8,806,000 | 9,953,000 |
| Securities held to maturity | 541,000 | 35,000 | 30,000 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 144,042,000 | 153,021,000 | 217,346,000 | 186,960,000 |
| Interest-bearing deposits | 118,772,000 | 124,246,000 | 141,605,000 | 133,939,000 |
| Noninterest-bearing deposits | 25,270,000 | 28,775,000 | 75,741,000 | 53,021,000 |
| Equity capital | 18,255,000 | 17,917,000 | 17,972,000 | 19,422,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Interest income | 3,013,000 | 5,829,000 | 8,643,000 | 11,405,000 |
| Interest expense | 1,356,000 | 2,519,000 | 3,642,000 | 4,766,000 |
| Net interest income | 1,657,000 | 3,310,000 | 5,001,000 | 6,639,000 |
| Noninterest income | 159,000 | 291,000 | 424,000 | 569,000 |
| Noninterest expense | 1,324,000 | 2,784,000 | 4,288,000 | 5,850,000 |
| Provision for loan losses | 130,000 | 330,000 | 605,000 | 926,000 |
| Pretax income | 376,000 | 507,000 | 552,000 | 460,000 |
| Income tax | 0 | 0 | 0 | 0 |
| Net income | 376,000 | 507,000 | 552,000 | 460,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Tier 1 capital | 18,231,000 | 17,952,000 | 17,951,000 | 19,304,000 |
| Total capital | 19,787,000 | 19,709,000 | 19,848,000 | 21,458,000 |
| Risk-weighted assets | 177,063,000 | 182,780,000 | 188,030,000 | 177,623,000 |