Call reports 2022
FIRST SUMMIT BANK — 2022
What FIRST SUMMIT BANK reported to the FFIEC in 2022, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2022Q1 | 2022Q2 | 2022Q3 | 2022Q4 |
|---|---|---|---|---|
| Total assets | 30,967,000 | 30,442,000 | 29,491,000 | 28,429,000 |
| Total loans | 19,393,000 | 19,580,000 | 19,873,000 | 19,621,000 |
| Allowance for loan losses | 245,000 | 256,000 | 257,000 | 259,000 |
| Securities available for sale | 2,000 | 1,000 | 1,000 | 1,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 27,159,000 | 26,624,000 | 25,632,000 | 24,523,000 |
| Interest-bearing deposits | 20,275,000 | 20,153,000 | 20,306,000 | 19,505,000 |
| Noninterest-bearing deposits | 6,884,000 | 6,471,000 | 5,326,000 | 5,018,000 |
| Equity capital | 3,799,000 | 3,811,000 | 3,846,000 | 3,892,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2022Q1 | 2022Q2 | 2022Q3 | 2022Q4 |
|---|---|---|---|---|
| Interest income | 299,000 | 607,000 | 941,000 | 1,302,000 |
| Interest expense | 25,000 | 51,000 | 77,000 | 109,000 |
| Net interest income | 274,000 | 556,000 | 864,000 | 1,193,000 |
| Noninterest income | 105,000 | 149,000 | 195,000 | 237,000 |
| Noninterest expense | 308,000 | 620,000 | 940,000 | 1,266,000 |
| Provision for loan losses | 0 | 0 | 0 | 0 |
| Pretax income | 71,000 | 83,000 | 118,000 | 164,000 |
| Income tax | 0 | 0 | 0 | 0 |
| Net income | 71,000 | 83,000 | 118,000 | 164,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2022Q1 | 2022Q2 | 2022Q3 | 2022Q4 |
|---|---|---|---|---|
| Tier 1 capital | 3,739,000 | 3,751,000 | 3,786,000 | 3,832,000 |