Call reports 2011
FIRST SUMMIT BANK — 2011
What FIRST SUMMIT BANK reported to the FFIEC in 2011, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2011Q1 | 2011Q2 | 2011Q3 | 2011Q4 |
|---|---|---|---|---|
| Total assets | 42,690,000 | 41,244,000 | 39,515,000 | 35,349,000 |
| Total loans | 33,294,000 | 31,386,000 | 29,511,000 | 27,603,000 |
| Allowance for loan losses | 1,876,000 | 1,750,000 | 1,713,000 | 1,711,000 |
| Securities available for sale | 31,000 | 30,000 | 28,000 | 26,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 40,643,000 | 38,922,000 | 37,177,000 | 32,848,000 |
| Interest-bearing deposits | 37,003,000 | 35,413,000 | 33,455,000 | 30,023,000 |
| Noninterest-bearing deposits | 3,640,000 | 3,509,000 | 3,722,000 | 2,825,000 |
| Equity capital | 1,973,000 | 2,280,000 | 2,295,000 | 2,466,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2011Q1 | 2011Q2 | 2011Q3 | 2011Q4 |
|---|---|---|---|---|
| Interest income | 658,000 | 1,251,000 | 1,697,000 | 2,205,000 |
| Interest expense | 166,000 | 314,000 | 457,000 | 568,000 |
| Net interest income | 492,000 | 937,000 | 1,240,000 | 1,637,000 |
| Noninterest income | 22,000 | 42,000 | 82,000 | 107,000 |
| Noninterest expense | 270,000 | 554,000 | 822,000 | 1,073,000 |
| Provision for loan losses | 125,000 | 0 | 0 | 0 |
| Pretax income | 119,000 | 425,000 | 500,000 | 671,000 |
| Income tax | -11,000 | -11,000 | -11,000 | -11,000 |
| Net income | 130,000 | 436,000 | 511,000 | 682,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2011Q1 | 2011Q2 | 2011Q3 | 2011Q4 |
|---|---|---|---|---|
| Tier 1 capital | 1,908,000 | 2,244,000 | 2,261,000 | 2,449,000 |
| Total capital | 2,285,000 | 2,598,000 | 2,601,000 | 2,767,000 |
| Risk-weighted assets | 28,678,000 | 26,957,000 | 25,853,000 | 24,016,000 |