Call reports 2003
SUMMIT COMMUNITY BANK — 2003
What SUMMIT COMMUNITY BANK reported to the FFIEC in 2003, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2003Q1 | 2003Q2 | 2003Q3 | 2003Q4 |
|---|---|---|---|---|
| Total assets | 11,554,000 | 26,331,000 | 35,097,000 | 42,148,000 |
| Total loans | 6,022,000 | 22,699,000 | 31,810,000 | 38,726,000 |
| Allowance for loan losses | 60,000 | 227,000 | 318,000 | 387,000 |
| Securities available for sale | 1,906,000 | 1,918,000 | 1,904,000 | 1,897,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 4,439,000 | 17,048,000 | 20,370,000 | 27,538,000 |
| Interest-bearing deposits | 3,488,000 | 14,260,000 | 18,605,000 | 24,755,000 |
| Noninterest-bearing deposits | 951,000 | 2,788,000 | 1,765,000 | 2,783,000 |
| Equity capital | 7,052,000 | 7,063,000 | 6,960,000 | 6,868,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2003Q1 | 2003Q2 | 2003Q3 | 2003Q4 |
|---|---|---|---|---|
| Interest income | 62,000 | 297,000 | 663,000 | 1,133,000 |
| Interest expense | 11,000 | 71,000 | 203,000 | 388,000 |
| Net interest income | 51,000 | 226,000 | 460,000 | 745,000 |
| Noninterest income | 14,000 | 83,000 | 147,000 | 210,000 |
| Noninterest expense | 331,000 | 699,000 | 1,002,000 | 1,369,000 |
| Provision for loan losses | 60,000 | 227,000 | 318,000 | 387,000 |
| Pretax income | -323,000 | -617,000 | -713,000 | -801,000 |
| Income tax | 0 | 0 | 0 | 0 |
| Net income | -323,000 | -617,000 | -713,000 | -801,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2003Q1 | 2003Q2 | 2003Q3 | 2003Q4 |
|---|---|---|---|---|
| Tier 1 capital | 7,050,000 | 7,046,000 | 6,942,000 | 6,739,000 |
| Total capital | 7,110,000 | 7,228,000 | 7,204,000 | 7,059,000 |
| Risk-weighted assets | 5,048,000 | 14,507,000 | 20,365,000 | 25,541,000 |