Call reports 2023
FIRST SUMMIT BANK — 2023
What FIRST SUMMIT BANK reported to the FFIEC in 2023, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Total assets | 27,156,000 | 27,805,000 | 26,981,000 | 27,796,000 |
| Total loans | 19,180,000 | 18,212,000 | 17,593,000 | 18,128,000 |
| Allowance for loan losses | 242,000 | 225,000 | 220,000 | 220,000 |
| Securities available for sale | 1,000 | 1,000 | 98,000 | 99,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 23,153,000 | 23,751,000 | 22,864,000 | 23,649,000 |
| Interest-bearing deposits | 18,168,000 | 18,439,000 | 17,877,000 | 18,485,000 |
| Noninterest-bearing deposits | 4,985,000 | 5,312,000 | 4,987,000 | 5,164,000 |
| Equity capital | 3,961,000 | 4,006,000 | 4,068,000 | 4,105,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Interest income | 379,000 | 752,000 | 1,158,000 | 1,576,000 |
| Interest expense | 45,000 | 106,000 | 178,000 | 265,000 |
| Net interest income | 334,000 | 646,000 | 980,000 | 1,311,000 |
| Noninterest income | 44,000 | 92,000 | 132,000 | 171,000 |
| Noninterest expense | 310,000 | 640,000 | 959,000 | 1,302,000 |
| Provision for loan losses | 0 | -13,000 | -18,000 | -18,000 |
| Pretax income | 69,000 | 114,000 | 176,000 | 213,000 |
| Income tax | 0 | 0 | 0 | 0 |
| Net income | 69,000 | 114,000 | 176,000 | 213,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Tier 1 capital | 3,901,000 | 3,946,000 | 4,008,000 | 4,045,000 |