Call reports 2010
FIRST SUMMIT BANK — 2010
What FIRST SUMMIT BANK reported to the FFIEC in 2010, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2010Q1 | 2010Q2 | 2010Q3 | 2010Q4 |
|---|---|---|---|---|
| Total assets | 44,789,000 | 44,558,000 | 45,616,000 | 44,062,000 |
| Total loans | 34,753,000 | 34,514,000 | 34,351,000 | 33,583,000 |
| Allowance for loan losses | 311,000 | 396,000 | 225,000 | 1,800,000 |
| Securities available for sale | 543,000 | 536,000 | 33,000 | 32,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 40,286,000 | 40,002,000 | 41,071,000 | 42,018,000 |
| Interest-bearing deposits | 37,009,000 | 36,837,000 | 37,939,000 | 37,386,000 |
| Noninterest-bearing deposits | 3,277,000 | 3,165,000 | 3,131,000 | 4,632,000 |
| Equity capital | 4,348,000 | 4,407,000 | 4,382,000 | 1,908,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2010Q1 | 2010Q2 | 2010Q3 | 2010Q4 |
|---|---|---|---|---|
| Interest income | 716,000 | 1,419,000 | 2,064,000 | 2,722,000 |
| Interest expense | 199,000 | 388,000 | 576,000 | 751,000 |
| Net interest income | 517,000 | 1,031,000 | 1,488,000 | 1,971,000 |
| Noninterest income | 39,000 | 82,000 | 106,000 | 145,000 |
| Noninterest expense | 282,000 | 559,000 | 815,000 | 1,090,000 |
| Provision for loan losses | 113,000 | 285,000 | 435,000 | 3,818,000 |
| Pretax income | 161,000 | 269,000 | 344,000 | -2,792,000 |
| Income tax | 55,000 | 101,000 | 129,000 | -533,000 |
| Net income | 106,000 | 168,000 | 215,000 | -2,259,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2010Q1 | 2010Q2 | 2010Q3 | 2010Q4 |
|---|---|---|---|---|
| Tier 1 capital | 4,344,000 | 4,406,000 | 4,382,000 | 1,908,000 |
| Total capital | 4,655,000 | 4,802,000 | 4,607,000 | 2,291,000 |
| Risk-weighted assets | 31,318,000 | 31,123,000 | 31,273,000 | 29,236,000 |