Call reports 2010
SUMMIT BANK, NATIONAL ASSOCIATION — 2010
What SUMMIT BANK, NATIONAL ASSOCIATION reported to the FFIEC in 2010, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2010Q1 | 2010Q2 | 2010Q3 | 2010Q4 |
|---|---|---|---|---|
| Total assets | 77,940,000 | 90,142,000 | 93,100,000 | 101,462,000 |
| Total loans | 48,973,000 | 53,363,000 | 55,778,000 | 56,259,000 |
| Allowance for loan losses | 671,000 | 701,000 | 736,000 | 791,000 |
| Securities available for sale | 12,820,000 | 16,803,000 | 20,382,000 | 23,425,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 1,492,000 | 0 | 0 | 0 |
| Total deposits | 50,125,000 | 62,542,000 | 65,578,000 | 73,965,000 |
| Interest-bearing deposits | 35,577,000 | 46,940,000 | 49,903,000 | 57,300,000 |
| Noninterest-bearing deposits | 14,548,000 | 15,602,000 | 15,675,000 | 16,665,000 |
| Equity capital | 19,440,000 | 19,497,000 | 19,656,000 | 19,755,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2010Q1 | 2010Q2 | 2010Q3 | 2010Q4 |
|---|---|---|---|---|
| Interest income | 790,000 | 1,669,000 | 2,572,000 | 3,525,000 |
| Interest expense | 126,000 | 263,000 | 418,000 | 558,000 |
| Net interest income | 664,000 | 1,406,000 | 2,154,000 | 2,967,000 |
| Noninterest income | 173,000 | 356,000 | 547,000 | 761,000 |
| Noninterest expense | 813,000 | 1,653,000 | 2,487,000 | 3,338,000 |
| Provision for loan losses | 105,000 | 135,000 | 170,000 | 225,000 |
| Pretax income | -74,000 | -26,000 | 59,000 | 180,000 |
| Income tax | -13,000 | 8,000 | 50,000 | 104,000 |
| Net income | -61,000 | -34,000 | 9,000 | 76,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2010Q1 | 2010Q2 | 2010Q3 | 2010Q4 |
|---|---|---|---|---|
| Tier 1 capital | 19,180,000 | 19,238,000 | 19,321,000 | 19,426,000 |
| Total capital | 19,851,000 | 19,939,000 | 20,057,000 | 20,217,000 |
| Risk-weighted assets | 55,643,000 | 64,949,000 | 70,559,000 | 73,237,000 |