Call reports 2013
SUMMIT BANK — 2013
What SUMMIT BANK reported to the FFIEC in 2013, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2013Q1 | 2013Q2 |
|---|---|---|
| Total assets | 260,586,000 | 256,220,000 |
| Total loans | 209,773,000 | 214,079,000 |
| Allowance for loan losses | 3,056,000 | 3,053,000 |
| Securities available for sale | 1,969,000 | 1,930,000 |
| Securities held to maturity | 0 | 0 |
| Trading assets | 0 | 0 |
| Total deposits | 230,871,000 | 226,135,000 |
| Interest-bearing deposits | 160,342,000 | 154,348,000 |
| Noninterest-bearing deposits | 70,529,000 | 71,787,000 |
| Equity capital | 24,165,000 | 24,689,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2013Q1 | 2013Q2 |
|---|---|---|
| Interest income | 2,696,000 | 5,473,000 |
| Interest expense | 242,000 | 461,000 |
| Net interest income | 2,454,000 | 5,012,000 |
| Noninterest income | 211,000 | 414,000 |
| Noninterest expense | 1,701,000 | 3,420,000 |
| Provision for loan losses | 64,000 | 64,000 |
| Pretax income | 900,000 | 1,942,000 |
| Income tax | 0 | 0 |
| Net income | 900,000 | 1,942,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2013Q1 | 2013Q2 |
|---|---|---|
| Tier 1 capital | 24,136,000 | 24,664,000 |
| Total capital | 26,661,000 | 27,229,000 |
| Risk-weighted assets | 201,503,000 | 204,723,000 |