Call reports 2016
SUMMIT BANK, NATIONAL ASSOCIATION — 2016
What SUMMIT BANK, NATIONAL ASSOCIATION reported to the FFIEC in 2016, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2016Q1 | 2016Q2 | 2016Q3 | 2016Q4 |
|---|---|---|---|---|
| Total assets | 361,063,000 | 362,602,000 | 362,087,000 | 355,591,000 |
| Total loans | 205,940,000 | 210,156,000 | 206,364,000 | 214,462,000 |
| Allowance for loan losses | 2,892,000 | 2,941,000 | 3,046,000 | 3,154,000 |
| Securities available for sale | 109,238,000 | 97,791,000 | 100,518,000 | 94,417,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 291,912,000 | 301,922,000 | 304,618,000 | 280,264,000 |
| Interest-bearing deposits | 183,352,000 | 178,402,000 | 189,400,000 | 174,965,000 |
| Noninterest-bearing deposits | 108,560,000 | 123,521,000 | 115,218,000 | 105,299,000 |
| Equity capital | 42,184,000 | 42,817,000 | 43,919,000 | 44,571,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2016Q1 | 2016Q2 | 2016Q3 | 2016Q4 |
|---|---|---|---|---|
| Interest income | 2,905,000 | 6,001,000 | 9,333,000 | 12,286,000 |
| Interest expense | 212,000 | 430,000 | 642,000 | 862,000 |
| Net interest income | 2,693,000 | 5,571,000 | 8,691,000 | 11,424,000 |
| Noninterest income | 867,000 | 1,225,000 | 2,490,000 | 3,189,000 |
| Noninterest expense | 2,480,000 | 4,819,000 | 7,398,000 | 9,677,000 |
| Provision for loan losses | 60,000 | 60,000 | 160,000 | 160,000 |
| Pretax income | 967,000 | 1,896,000 | 3,604,000 | 4,795,000 |
| Income tax | 334,000 | 567,000 | 1,130,000 | 1,504,000 |
| Net income | 633,000 | 1,329,000 | 2,474,000 | 3,291,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2016Q1 | 2016Q2 | 2016Q3 | 2016Q4 |
|---|---|---|---|---|
| Tier 1 capital | 42,284,000 | 42,985,000 | 44,133,000 | 44,958,000 |
| Total capital | 45,176,000 | 45,926,000 | 47,179,000 | 48,112,000 |
| Risk-weighted assets | 277,685,000 | 283,993,000 | 291,735,000 | 292,476,000 |