Call reports 2005
FIRST SUMMIT BANK — 2005
What FIRST SUMMIT BANK reported to the FFIEC in 2005, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2005Q1 | 2005Q2 | 2005Q3 | 2005Q4 |
|---|---|---|---|---|
| Total assets | 33,855,000 | 34,027,000 | 33,298,000 | 34,501,000 |
| Total loans | 24,293,000 | 24,092,000 | 25,031,000 | 25,603,000 |
| Allowance for loan losses | 241,000 | 247,000 | 231,000 | 195,000 |
| Securities available for sale | 1,595,000 | 1,599,000 | 1,328,000 | 1,303,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 30,896,000 | 30,959,000 | 30,140,000 | 31,197,000 |
| Interest-bearing deposits | 28,625,000 | 28,699,000 | 27,562,000 | 28,536,000 |
| Noninterest-bearing deposits | 2,271,000 | 2,260,000 | 2,578,000 | 2,661,000 |
| Equity capital | 2,792,000 | 2,906,000 | 2,927,000 | 3,022,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2005Q1 | 2005Q2 | 2005Q3 | 2005Q4 |
|---|---|---|---|---|
| Interest income | 542,000 | 1,087,000 | 1,669,000 | 2,251,000 |
| Interest expense | 164,000 | 353,000 | 558,000 | 773,000 |
| Net interest income | 378,000 | 734,000 | 1,111,000 | 1,478,000 |
| Noninterest income | 45,000 | 96,000 | 147,000 | 199,000 |
| Noninterest expense | 224,000 | 443,000 | 668,000 | 935,000 |
| Provision for loan losses | 12,000 | 30,000 | 54,000 | 54,000 |
| Pretax income | 187,000 | 357,000 | 536,000 | 688,000 |
| Income tax | 70,000 | 135,000 | 208,000 | 255,000 |
| Net income | 117,000 | 222,000 | 328,000 | 433,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2005Q1 | 2005Q2 | 2005Q3 | 2005Q4 |
|---|---|---|---|---|
| Tier 1 capital | 2,814,000 | 2,918,000 | 2,944,000 | 3,049,000 |
| Total capital | 3,055,000 | 3,165,000 | 3,175,000 | 3,244,000 |
| Risk-weighted assets | 21,878,000 | 22,050,000 | 22,710,000 | 22,986,000 |