Call reports 2002
FIRST SUMMIT BANK — 2002
What FIRST SUMMIT BANK reported to the FFIEC in 2002, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2002Q1 | 2002Q2 | 2002Q3 | 2002Q4 |
|---|---|---|---|---|
| Total assets | 28,286,000 | 27,401,000 | 27,620,000 | 28,147,000 |
| Total loans | 20,043,000 | 19,736,000 | 20,137,000 | 21,680,000 |
| Allowance for loan losses | 204,000 | 192,000 | 180,000 | 196,000 |
| Securities available for sale | 2,426,000 | 1,384,000 | 2,424,000 | 1,882,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 26,081,000 | 25,147,000 | 25,286,000 | 25,681,000 |
| Interest-bearing deposits | 23,293,000 | 22,830,000 | 23,045,000 | 23,235,000 |
| Noninterest-bearing deposits | 2,788,000 | 2,317,000 | 2,241,000 | 2,446,000 |
| Equity capital | 2,055,000 | 2,145,000 | 2,211,000 | 2,223,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2002Q1 | 2002Q2 | 2002Q3 | 2002Q4 |
|---|---|---|---|---|
| Interest income | 518,000 | 1,026,000 | 1,533,000 | 2,030,000 |
| Interest expense | 233,000 | 447,000 | 660,000 | 862,000 |
| Net interest income | 285,000 | 579,000 | 873,000 | 1,168,000 |
| Noninterest income | 39,000 | 92,000 | 122,000 | 180,000 |
| Noninterest expense | 171,000 | 351,000 | 526,000 | 841,000 |
| Provision for loan losses | 18,000 | 36,000 | 42,000 | 85,000 |
| Pretax income | 135,000 | 298,000 | 441,000 | 447,000 |
| Income tax | 51,000 | 114,000 | 168,000 | 157,000 |
| Net income | 84,000 | 184,000 | 273,000 | 290,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2002Q1 | 2002Q2 | 2002Q3 | 2002Q4 |
|---|---|---|---|---|
| Tier 1 capital | 2,015,000 | 2,116,000 | 2,166,000 | 2,183,000 |
| Total capital | 2,219,000 | 2,308,000 | 2,346,000 | 2,379,000 |
| Risk-weighted assets | 18,167,000 | 17,578,000 | 17,817,000 | 19,150,000 |