Call reports 2014
FIRST SUMMIT BANK — 2014
What FIRST SUMMIT BANK reported to the FFIEC in 2014, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2014Q1 | 2014Q2 | 2014Q3 | 2014Q4 |
|---|---|---|---|---|
| Total assets | 28,012,000 | 28,226,000 | 28,284,000 | 27,645,000 |
| Total loans | 17,010,000 | 15,672,000 | 15,596,000 | 15,652,000 |
| Allowance for loan losses | 220,000 | 231,000 | 217,000 | 228,000 |
| Securities available for sale | 16,000 | 16,000 | 14,000 | 14,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 24,547,000 | 24,709,000 | 24,709,000 | 24,072,000 |
| Interest-bearing deposits | 21,553,000 | 20,869,000 | 21,217,000 | 20,711,000 |
| Noninterest-bearing deposits | 2,994,000 | 3,840,000 | 3,492,000 | 3,361,000 |
| Equity capital | 3,436,000 | 3,467,000 | 3,508,000 | 3,549,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2014Q1 | 2014Q2 | 2014Q3 | 2014Q4 |
|---|---|---|---|---|
| Interest income | 299,000 | 592,000 | 867,000 | 1,141,000 |
| Interest expense | 48,000 | 94,000 | 138,000 | 181,000 |
| Net interest income | 251,000 | 498,000 | 729,000 | 960,000 |
| Noninterest income | 46,000 | 86,000 | 138,000 | 179,000 |
| Noninterest expense | 216,000 | 448,000 | 672,000 | 984,000 |
| Provision for loan losses | 0 | 0 | 0 | 0 |
| Pretax income | 81,000 | 136,000 | 195,000 | 155,000 |
| Income tax | 20,000 | 44,000 | 62,000 | -19,000 |
| Net income | 61,000 | 92,000 | 133,000 | 174,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2014Q1 | 2014Q2 | 2014Q3 | 2014Q4 |
|---|---|---|---|---|
| Tier 1 capital | 3,436,000 | 3,467,000 | 3,508,000 | 3,549,000 |
| Total capital | 3,638,000 | 3,671,000 | 3,714,000 | 3,755,000 |
| Risk-weighted assets | 16,178,000 | 16,273,000 | 16,525,000 | 16,503,000 |