Call reports 2020
FIRST SUMMIT BANK — 2020
What FIRST SUMMIT BANK reported to the FFIEC in 2020, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Total assets | 27,013,000 | 27,380,000 | 25,836,000 | 26,027,000 |
| Total loans | 17,479,000 | 18,634,000 | 18,551,000 | 19,951,000 |
| Allowance for loan losses | 230,000 | 231,000 | 233,000 | 236,000 |
| Securities available for sale | 8,000 | 2,000 | 2,000 | 2,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 23,414,000 | 23,747,000 | 22,195,000 | 22,376,000 |
| Interest-bearing deposits | 18,810,000 | 19,061,000 | 17,844,000 | 18,026,000 |
| Noninterest-bearing deposits | 4,604,000 | 4,686,000 | 4,351,000 | 4,350,000 |
| Equity capital | 3,586,000 | 3,621,000 | 3,630,000 | 3,647,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Interest income | 307,000 | 592,000 | 870,000 | 1,159,000 |
| Interest expense | 52,000 | 99,000 | 142,000 | 178,000 |
| Net interest income | 255,000 | 493,000 | 728,000 | 981,000 |
| Noninterest income | 37,000 | 126,000 | 170,000 | 211,000 |
| Noninterest expense | 322,000 | 615,000 | 885,000 | 1,163,000 |
| Provision for loan losses | 0 | 1,000 | 1,000 | 1,000 |
| Pretax income | -30,000 | 3,000 | 12,000 | 29,000 |
| Income tax | 0 | 0 | 0 | 0 |
| Net income | -30,000 | 3,000 | 12,000 | 29,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Tier 1 capital | 3,527,000 | 3,561,000 | 3,570,000 | 3,587,000 |