Call reports 2014
SUMMIT BANK, NATIONAL ASSOCIATION — 2014
What SUMMIT BANK, NATIONAL ASSOCIATION reported to the FFIEC in 2014, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2014Q1 | 2014Q2 | 2014Q3 | 2014Q4 |
|---|---|---|---|---|
| Total assets | 279,250,000 | 295,003,000 | 320,437,000 | 321,381,000 |
| Total loans | 148,909,000 | 151,870,000 | 153,100,000 | 173,826,000 |
| Allowance for loan losses | 2,271,000 | 2,318,000 | 2,415,000 | 2,442,000 |
| Securities available for sale | 55,914,000 | 56,585,000 | 68,681,000 | 70,865,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 3,999,000 |
| Total deposits | 218,684,000 | 243,074,000 | 256,439,000 | 256,938,000 |
| Interest-bearing deposits | 132,244,000 | 149,656,000 | 156,332,000 | 159,845,000 |
| Noninterest-bearing deposits | 86,440,000 | 93,418,000 | 100,107,000 | 97,093,000 |
| Equity capital | 36,668,000 | 37,475,000 | 38,378,000 | 39,428,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2014Q1 | 2014Q2 | 2014Q3 | 2014Q4 |
|---|---|---|---|---|
| Interest income | 2,646,000 | 5,277,000 | 8,171,000 | 10,924,000 |
| Interest expense | 227,000 | 448,000 | 669,000 | 920,000 |
| Net interest income | 2,419,000 | 4,829,000 | 7,502,000 | 10,004,000 |
| Noninterest income | 519,000 | 1,031,000 | 2,083,000 | 2,697,000 |
| Noninterest expense | 1,944,000 | 3,931,000 | 6,553,000 | 8,870,000 |
| Provision for loan losses | 50,000 | 100,000 | 200,000 | 250,000 |
| Pretax income | 955,000 | 1,887,000 | 3,012,000 | 3,680,000 |
| Income tax | 328,000 | 647,000 | 1,036,000 | 1,013,000 |
| Net income | 627,000 | 1,240,000 | 1,976,000 | 2,667,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2014Q1 | 2014Q2 | 2014Q3 | 2014Q4 |
|---|---|---|---|---|
| Tier 1 capital | 36,840,000 | 37,461,000 | 38,204,000 | 38,905,000 |
| Total capital | 39,111,000 | 39,779,000 | 40,619,000 | 41,347,000 |
| Risk-weighted assets | 189,749,000 | 192,885,000 | 195,751,000 | 221,573,000 |