Call reports 2007
FIRST SUMMIT BANK — 2007
What FIRST SUMMIT BANK reported to the FFIEC in 2007, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2007Q1 | 2007Q2 | 2007Q3 | 2007Q4 |
|---|---|---|---|---|
| Total assets | 38,214,000 | 38,025,000 | 38,795,000 | 39,664,000 |
| Total loans | 29,033,000 | 29,286,000 | 30,799,000 | 31,303,000 |
| Allowance for loan losses | 224,000 | 259,000 | 258,000 | 299,000 |
| Securities available for sale | 1,282,000 | 1,269,000 | 1,285,000 | 1,297,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 34,674,000 | 34,381,000 | 35,086,000 | 35,858,000 |
| Interest-bearing deposits | 31,424,000 | 31,286,000 | 31,866,000 | 32,486,000 |
| Noninterest-bearing deposits | 3,250,000 | 3,095,000 | 3,220,000 | 3,372,000 |
| Equity capital | 3,323,000 | 3,439,000 | 3,468,000 | 3,535,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2007Q1 | 2007Q2 | 2007Q3 | 2007Q4 |
|---|---|---|---|---|
| Interest income | 748,000 | 1,503,000 | 2,239,000 | 2,970,000 |
| Interest expense | 332,000 | 672,000 | 1,018,000 | 1,370,000 |
| Net interest income | 416,000 | 831,000 | 1,221,000 | 1,600,000 |
| Noninterest income | 52,000 | 112,000 | 156,000 | 215,000 |
| Noninterest expense | 256,000 | 510,000 | 751,000 | 1,024,000 |
| Provision for loan losses | 25,000 | 51,000 | 82,000 | 167,000 |
| Pretax income | 187,000 | 382,000 | 544,000 | 624,000 |
| Income tax | 70,000 | 143,000 | 204,000 | 230,000 |
| Net income | 117,000 | 239,000 | 340,000 | 394,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2007Q1 | 2007Q2 | 2007Q3 | 2007Q4 |
|---|---|---|---|---|
| Tier 1 capital | 3,342,000 | 3,464,000 | 3,481,000 | 3,536,000 |
| Total capital | 3,566,000 | 3,723,000 | 3,739,000 | 3,835,000 |
| Risk-weighted assets | 26,534,000 | 26,764,000 | 27,667,000 | 27,989,000 |