Call reports 2008
SUMMIT BANK, NATIONAL ASSOCIATION — 2008
What SUMMIT BANK, NATIONAL ASSOCIATION reported to the FFIEC in 2008, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|
| Total assets | 34,266,000 | 41,339,000 | 51,941,000 |
| Total loans | 7,255,000 | 15,645,000 | 23,356,000 |
| Allowance for loan losses | 72,000 | 161,000 | 281,000 |
| Securities available for sale | 15,949,000 | 13,560,000 | 13,801,000 |
| Securities held to maturity | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 |
| Total deposits | 14,275,000 | 19,964,000 | 29,777,000 |
| Interest-bearing deposits | 9,676,000 | 12,074,000 | 23,261,000 |
| Noninterest-bearing deposits | 4,599,000 | 7,890,000 | 6,516,000 |
| Equity capital | 19,238,000 | 19,189,000 | 19,172,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|
| Interest income | 213,000 | 615,000 | 1,081,000 |
| Interest expense | 27,000 | 109,000 | 254,000 |
| Net interest income | 186,000 | 506,000 | 827,000 |
| Noninterest income | 15,000 | 67,000 | 189,000 |
| Noninterest expense | 1,011,000 | 1,540,000 | 2,095,000 |
| Provision for loan losses | 72,000 | 161,000 | 281,000 |
| Pretax income | -862,000 | -1,099,000 | -1,302,000 |
| Income tax | 0 | -146,000 | -274,000 |
| Net income | -862,000 | -953,000 | -1,028,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|
| Tier 1 capital | 19,278,000 | 19,226,000 | 19,190,000 |
| Total capital | 19,350,000 | 19,387,000 | 19,471,000 |
| Risk-weighted assets | 15,714,000 | 24,490,000 | 33,171,000 |