Call reports 2008
SUMMIT COMMUNITY BANK, INC. — 2008
What SUMMIT COMMUNITY BANK, INC. reported to the FFIEC in 2008, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Total assets | 1,438,018,000 | 1,509,036,000 | 1,552,118,000 | 1,613,240,000 |
| Total loans | 1,088,999,000 | 1,141,757,000 | 1,167,130,000 | 1,210,015,000 |
| Allowance for loan losses | 9,598,000 | 10,348,000 | 21,432,000 | 16,933,000 |
| Securities available for sale | 283,238,000 | 283,414,000 | 304,976,000 | 327,313,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 838,068,000 | 864,708,000 | 953,495,000 | 970,522,000 |
| Interest-bearing deposits | 772,833,000 | 788,837,000 | 874,871,000 | 896,042,000 |
| Noninterest-bearing deposits | 65,235,000 | 75,871,000 | 78,624,000 | 74,480,000 |
| Equity capital | 106,254,000 | 107,325,000 | 101,536,000 | 114,218,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Interest income | 23,846,000 | 47,178,000 | 69,805,000 | 93,444,000 |
| Interest expense | 12,410,000 | 23,848,000 | 35,576,000 | 47,264,000 |
| Net interest income | 11,436,000 | 23,330,000 | 34,229,000 | 46,180,000 |
| Noninterest income | 1,521,000 | 2,940,000 | 3,959,000 | 4,893,000 |
| Noninterest expense | 5,873,000 | 11,861,000 | 18,073,000 | 24,150,000 |
| Provision for loan losses | 1,000,000 | 2,750,000 | 14,750,000 | 15,500,000 |
| Pretax income | 6,084,000 | 10,118,000 | -677,000 | 5,050,000 |
| Income tax | 2,006,000 | 3,208,000 | -83,000 | 930,000 |
| Net income | 4,078,000 | 6,910,000 | -594,000 | 4,120,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Tier 1 capital | 104,165,000 | 108,054,000 | 105,588,000 | 113,841,000 |
| Total capital | 113,763,000 | 118,402,000 | 120,339,000 | 129,369,000 |
| Risk-weighted assets | 1,091,191,000 | 1,157,733,000 | 1,173,237,000 | 1,240,307,000 |