Call reports 2003
FIRST SUMMIT BANK — 2003
What FIRST SUMMIT BANK reported to the FFIEC in 2003, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2003Q1 | 2003Q2 | 2003Q3 | 2003Q4 |
|---|---|---|---|---|
| Total assets | 28,828,000 | 29,762,000 | 30,515,000 | 31,186,000 |
| Total loans | 21,637,000 | 21,595,000 | 21,814,000 | 21,503,000 |
| Allowance for loan losses | 204,000 | 210,000 | 214,000 | 189,000 |
| Securities available for sale | 1,627,000 | 1,846,000 | 2,006,000 | 2,226,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 26,436,000 | 27,302,000 | 28,041,000 | 28,504,000 |
| Interest-bearing deposits | 24,330,000 | 25,292,000 | 25,770,000 | 26,249,000 |
| Noninterest-bearing deposits | 2,106,000 | 2,011,000 | 2,272,000 | 2,256,000 |
| Equity capital | 2,244,000 | 2,322,000 | 2,319,000 | 2,515,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2003Q1 | 2003Q2 | 2003Q3 | 2003Q4 |
|---|---|---|---|---|
| Interest income | 491,000 | 990,000 | 1,479,000 | 1,965,000 |
| Interest expense | 190,000 | 380,000 | 560,000 | 733,000 |
| Net interest income | 301,000 | 610,000 | 919,000 | 1,232,000 |
| Noninterest income | 39,000 | 90,000 | 128,000 | 168,000 |
| Noninterest expense | 206,000 | 409,000 | 614,000 | 840,000 |
| Provision for loan losses | 21,000 | 42,000 | 76,000 | 160,000 |
| Pretax income | 141,000 | 277,000 | 387,000 | 430,000 |
| Income tax | 49,000 | 105,000 | 147,000 | 154,000 |
| Net income | 92,000 | 172,000 | 240,000 | 276,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2003Q1 | 2003Q2 | 2003Q3 | 2003Q4 |
|---|---|---|---|---|
| Tier 1 capital | 2,227,000 | 2,307,000 | 2,327,000 | 2,513,000 |
| Total capital | 2,431,000 | 2,517,000 | 2,541,000 | 2,702,000 |
| Risk-weighted assets | 19,280,000 | 19,489,000 | 19,725,000 | 19,693,000 |