Call reports 2008
SUMMIT COMMUNITY BANK — 2008
What SUMMIT COMMUNITY 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 | 162,669,000 | 166,596,000 | 169,732,000 | 170,293,000 |
| Total loans | 145,362,000 | 151,124,000 | 151,035,000 | 151,959,000 |
| Allowance for loan losses | 1,370,000 | 1,373,000 | 1,234,000 | 1,426,000 |
| Securities available for sale | 5,989,000 | 5,801,000 | 6,348,000 | 7,936,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 100,932,000 | 102,819,000 | 108,909,000 | 109,580,000 |
| Interest-bearing deposits | 86,920,000 | 87,424,000 | 94,702,000 | 96,811,000 |
| Noninterest-bearing deposits | 14,012,000 | 15,395,000 | 14,207,000 | 12,769,000 |
| Equity capital | 11,592,000 | 11,488,000 | 13,100,000 | 13,166,000 |
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 | 2,276,000 | 4,572,000 | 6,897,000 | 9,160,000 |
| Interest expense | 1,553,000 | 3,045,000 | 4,510,000 | 5,933,000 |
| Net interest income | 723,000 | 1,527,000 | 2,387,000 | 3,227,000 |
| Noninterest income | 104,000 | 198,000 | 298,000 | 396,000 |
| Noninterest expense | 787,000 | 1,605,000 | 2,396,000 | 3,127,000 |
| Provision for loan losses | 33,000 | 107,000 | 158,000 | 363,000 |
| Pretax income | 7,000 | 13,000 | 131,000 | 133,000 |
| Income tax | -4,000 | -17,000 | 24,000 | 12,000 |
| Net income | 11,000 | 30,000 | 107,000 | 121,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Tier 1 capital | 11,262,000 | 11,268,000 | 12,849,000 | 12,865,000 |
| Total capital | 12,632,000 | 12,641,000 | 14,083,000 | 14,291,000 |
| Risk-weighted assets | 118,410,000 | 126,365,000 | 129,177,000 | 128,066,000 |