Call reports 2007
SUMMIT COMMUNITY BANK, INC. — 2007
What SUMMIT COMMUNITY BANK, INC. reported to the FFIEC in 2007, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2007Q1 | 2007Q2 | 2007Q3 | 2007Q4 |
|---|---|---|---|---|
| Total assets | 762,418,000 | 1,269,593,000 | 1,323,748,000 | 1,418,607,000 |
| Total loans | 563,248,000 | 960,121,000 | 996,600,000 | 1,062,912,000 |
| Allowance for loan losses | 4,455,000 | 8,768,000 | 8,728,000 | 9,192,000 |
| Securities available for sale | 159,935,000 | 245,445,000 | 262,992,000 | 282,171,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 504,837,000 | 850,595,000 | 829,316,000 | 831,658,000 |
| Interest-bearing deposits | 463,606,000 | 786,016,000 | 763,367,000 | 762,960,000 |
| Noninterest-bearing deposits | 41,231,000 | 64,579,000 | 65,949,000 | 68,698,000 |
| Equity capital | 59,910,000 | 98,256,000 | 103,827,000 | 103,469,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2007Q1 | 2007Q2 | 2007Q3 | 2007Q4 |
|---|---|---|---|---|
| Interest income | 13,245,000 | 44,344,000 | 67,705,000 | 91,489,000 |
| Interest expense | 7,312,000 | 24,514,000 | 37,361,000 | 50,295,000 |
| Net interest income | 5,933,000 | 19,830,000 | 30,344,000 | 41,194,000 |
| Noninterest income | 693,000 | 2,164,000 | 3,826,000 | 5,347,000 |
| Noninterest expense | 2,990,000 | 11,839,000 | 17,574,000 | 33,236,000 |
| Provision for loan losses | 150,000 | 1,030,000 | 1,555,000 | 2,305,000 |
| Pretax income | 3,486,000 | 9,125,000 | 15,041,000 | 11,000,000 |
| Income tax | 1,174,000 | 2,791,000 | 4,737,000 | 3,211,000 |
| Net income | 2,312,000 | 6,334,000 | 10,304,000 | 7,789,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2007Q1 | 2007Q2 | 2007Q3 | 2007Q4 |
|---|---|---|---|---|
| Tier 1 capital | 57,396,000 | 97,340,000 | 101,347,000 | 100,505,000 |
| Total capital | 62,077,000 | 106,370,000 | 110,300,000 | 109,697,000 |
| Risk-weighted assets | 576,940,000 | 979,160,000 | 1,007,344,000 | 1,068,597,000 |