Call reports 2015
SUMMIT BANK, NATIONAL ASSOCIATION — 2015
What SUMMIT BANK, NATIONAL ASSOCIATION reported to the FFIEC in 2015, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2015Q1 | 2015Q2 | 2015Q3 | 2015Q4 |
|---|---|---|---|---|
| Total assets | 351,622,000 | 357,694,000 | 365,463,000 | 348,892,000 |
| Total loans | 176,157,000 | 177,572,000 | 189,228,000 | 199,484,000 |
| Allowance for loan losses | 2,482,000 | 2,532,000 | 2,532,000 | 2,832,000 |
| Securities available for sale | 74,400,000 | 90,310,000 | 103,538,000 | 106,489,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 1,000,000 | 8,996,000 | 9,002,000 | 0 |
| Total deposits | 284,180,000 | 289,267,000 | 293,195,000 | 290,018,000 |
| Interest-bearing deposits | 180,895,000 | 182,888,000 | 183,727,000 | 185,587,000 |
| Noninterest-bearing deposits | 103,285,000 | 106,378,000 | 109,468,000 | 104,430,000 |
| Equity capital | 39,673,000 | 40,244,000 | 40,837,000 | 41,488,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2015Q1 | 2015Q2 | 2015Q3 | 2015Q4 |
|---|---|---|---|---|
| Interest income | 3,136,000 | 6,480,000 | 9,837,000 | 13,886,000 |
| Interest expense | 250,000 | 506,000 | 770,000 | 1,032,000 |
| Net interest income | 2,886,000 | 5,974,000 | 9,067,000 | 12,854,000 |
| Noninterest income | 1,168,000 | 2,025,000 | 3,156,000 | 6,610,000 |
| Noninterest expense | 3,054,000 | 5,871,000 | 8,938,000 | 15,100,000 |
| Provision for loan losses | 50,000 | 100,000 | 138,000 | 545,000 |
| Pretax income | 950,000 | 2,028,000 | 3,147,000 | 3,819,000 |
| Income tax | 320,000 | 690,000 | 1,075,000 | 1,116,000 |
| Net income | 630,000 | 1,338,000 | 2,072,000 | 2,703,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2015Q1 | 2015Q2 | 2015Q3 | 2015Q4 |
|---|---|---|---|---|
| Tier 1 capital | 39,557,000 | 40,270,000 | 41,008,000 | 41,642,000 |
| Total capital | 42,039,000 | 42,802,000 | 43,540,000 | 44,474,000 |
| Risk-weighted assets | 226,581,000 | 232,491,000 | 248,071,000 | 268,933,000 |