Call reports 2013
FIRST SUMMIT BANK — 2013
What FIRST SUMMIT BANK reported to the FFIEC in 2013, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2013Q1 | 2013Q2 | 2013Q3 | 2013Q4 |
|---|---|---|---|---|
| Total assets | 30,258,000 | 29,196,000 | 29,786,000 | 28,583,000 |
| Total loans | 17,378,000 | 16,826,000 | 17,074,000 | 17,133,000 |
| Allowance for loan losses | 19,000 | 164,000 | 212,000 | 206,000 |
| Securities available for sale | 21,000 | 19,000 | 18,000 | 17,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 26,854,000 | 25,856,000 | 26,394,000 | 25,198,000 |
| Interest-bearing deposits | 23,886,000 | 22,821,000 | 22,858,000 | 22,031,000 |
| Noninterest-bearing deposits | 2,968,000 | 3,035,000 | 3,536,000 | 3,167,000 |
| Equity capital | 3,376,000 | 3,330,000 | 3,382,000 | 3,375,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2013Q1 | 2013Q2 | 2013Q3 | 2013Q4 |
|---|---|---|---|---|
| Interest income | 337,000 | 638,000 | 950,000 | 1,249,000 |
| Interest expense | 59,000 | 113,000 | 164,000 | 214,000 |
| Net interest income | 278,000 | 525,000 | 786,000 | 1,035,000 |
| Noninterest income | 43,000 | 171,000 | 220,000 | 257,000 |
| Noninterest expense | 240,000 | 535,000 | 775,000 | 1,070,000 |
| Provision for loan losses | 17,000 | 158,000 | 158,000 | 158,000 |
| Pretax income | 64,000 | 3,000 | 73,000 | 64,000 |
| Income tax | 15,000 | 0 | 17,000 | 15,000 |
| Net income | 49,000 | 3,000 | 56,000 | 49,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2013Q1 | 2013Q2 | 2013Q3 | 2013Q4 |
|---|---|---|---|---|
| Tier 1 capital | 3,375,000 | 3,329,000 | 3,381,000 | 3,375,000 |
| Total capital | 3,394,000 | 3,493,000 | 3,593,000 | 3,581,000 |
| Risk-weighted assets | 16,578,000 | 15,961,000 | 16,577,000 | 16,422,000 |