Call reports 2016
FIRST SUMMIT BANK — 2016
What FIRST SUMMIT BANK reported to the FFIEC in 2016, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2016Q1 | 2016Q2 | 2016Q3 | 2016Q4 |
|---|---|---|---|---|
| Total assets | 28,001,000 | 27,221,000 | 27,237,000 | 27,381,000 |
| Total loans | 16,793,000 | 17,549,000 | 17,937,000 | 18,196,000 |
| Allowance for loan losses | 218,000 | 223,000 | 228,000 | 239,000 |
| Securities available for sale | 9,000 | 8,000 | 7,000 | 7,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 24,665,000 | 23,858,000 | 23,827,000 | 23,986,000 |
| Interest-bearing deposits | 20,114,000 | 19,693,000 | 19,290,000 | 19,781,000 |
| Noninterest-bearing deposits | 4,551,000 | 4,165,000 | 4,537,000 | 4,205,000 |
| Equity capital | 3,330,000 | 3,357,000 | 3,403,000 | 3,389,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2016Q1 | 2016Q2 | 2016Q3 | 2016Q4 |
|---|---|---|---|---|
| Interest income | 289,000 | 566,000 | 860,000 | 1,136,000 |
| Interest expense | 29,000 | 59,000 | 89,000 | 115,000 |
| Net interest income | 260,000 | 507,000 | 771,000 | 1,021,000 |
| Noninterest income | 37,000 | 79,000 | 146,000 | 184,000 |
| Noninterest expense | 273,000 | 534,000 | 820,000 | 1,112,000 |
| Provision for loan losses | 0 | 0 | 0 | 10,000 |
| Pretax income | 24,000 | 52,000 | 97,000 | 83,000 |
| Income tax | 0 | 0 | 0 | 0 |
| Net income | 24,000 | 52,000 | 97,000 | 83,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2016Q1 | 2016Q2 | 2016Q3 | 2016Q4 |
|---|---|---|---|---|
| Tier 1 capital | 3,270,000 | 3,297,000 | 3,343,000 | 3,329,000 |
| Total capital | 3,485,000 | 3,520,000 | 3,571,000 | 3,563,000 |
| Risk-weighted assets | 17,196,000 | 18,087,000 | 18,274,000 | 18,692,000 |