Call reports 2024
FIRST SUMMIT BANK — 2024
What FIRST SUMMIT BANK reported to the FFIEC in 2024, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Total assets | 28,367,000 | 28,307,000 | 29,711,000 | 31,037,000 |
| Total loans | 17,512,000 | 17,359,000 | 18,274,000 | 17,756,000 |
| Allowance for loan losses | 214,000 | 214,000 | 215,000 | 216,000 |
| Securities available for sale | 0 | 0 | 0 | 0 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 24,181,000 | 24,121,000 | 25,437,000 | 26,687,000 |
| Interest-bearing deposits | 18,295,000 | 18,249,000 | 19,410,000 | 20,702,000 |
| Noninterest-bearing deposits | 5,886,000 | 5,872,000 | 6,027,000 | 5,985,000 |
| Equity capital | 4,135,000 | 4,142,000 | 4,219,000 | 4,290,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Interest income | 450,000 | 911,000 | 1,389,000 | 1,892,000 |
| Interest expense | 99,000 | 209,000 | 326,000 | 445,000 |
| Net interest income | 351,000 | 702,000 | 1,063,000 | 1,447,000 |
| Noninterest income | 39,000 | 77,000 | 116,000 | 154,000 |
| Noninterest expense | 368,000 | 748,000 | 1,073,000 | 1,416,000 |
| Provision for loan losses | -6,000 | -6,000 | -5,000 | -4,000 |
| Pretax income | 29,000 | 37,000 | 114,000 | 185,000 |
| Income tax | 0 | 0 | 0 | 0 |
| Net income | 29,000 | 37,000 | 114,000 | 185,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Tier 1 capital | 4,075,000 | 4,082,000 | 4,159,000 | 4,230,000 |