Call reports 2008
FIRST SUMMIT BANK — 2008
What FIRST SUMMIT BANK reported to the FFIEC in 2008, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Total assets | 41,289,000 | 43,618,000 | 43,274,000 | 42,398,000 |
| Total loans | 32,095,000 | 31,991,000 | 31,879,000 | 31,784,000 |
| Allowance for loan losses | 339,000 | 354,000 | 572,000 | 238,000 |
| Securities available for sale | 816,000 | 800,000 | 802,000 | 563,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 37,559,000 | 39,504,000 | 39,173,000 | 38,113,000 |
| Interest-bearing deposits | 33,984,000 | 35,592,000 | 35,505,000 | 34,789,000 |
| Noninterest-bearing deposits | 3,575,000 | 3,912,000 | 3,668,000 | 3,324,000 |
| Equity capital | 3,552,000 | 3,953,000 | 3,954,000 | 4,071,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Interest income | 746,000 | 1,502,000 | 2,236,000 | 2,985,000 |
| Interest expense | 353,000 | 677,000 | 974,000 | 1,240,000 |
| Net interest income | 393,000 | 825,000 | 1,262,000 | 1,745,000 |
| Noninterest income | 46,000 | 79,000 | 137,000 | 184,000 |
| Noninterest expense | 239,000 | 490,000 | 707,000 | 1,022,000 |
| Provision for loan losses | 64,000 | 103,000 | 385,000 | 433,000 |
| Pretax income | 136,000 | 311,000 | 307,000 | 474,000 |
| Income tax | 51,000 | 117,000 | 115,000 | 171,000 |
| Net income | 85,000 | 194,000 | 192,000 | 303,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Tier 1 capital | 3,539,000 | 3,950,000 | 3,948,000 | 4,057,000 |
| Total capital | 3,878,000 | 4,304,000 | 4,325,000 | 4,295,000 |
| Risk-weighted assets | 28,912,000 | 29,235,000 | 29,413,000 | 29,191,000 |