Call reports 2016
SUMMIT COMMUNITY BANK, INC. — 2016
What SUMMIT COMMUNITY BANK, INC. reported to the FFIEC in 2016, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2016Q1 | 2016Q2 | 2016Q3 | 2016Q4 |
|---|---|---|---|---|
| Total assets | 1,501,134,000 | 1,559,278,000 | 1,650,253,000 | 1,750,952,000 |
| Total loans | 1,108,714,000 | 1,178,345,000 | 1,246,223,000 | 1,319,713,000 |
| Allowance for loan losses | 11,314,000 | 11,377,000 | 11,619,000 | 11,674,000 |
| Securities available for sale | 271,347,000 | 261,463,000 | 261,934,000 | 266,465,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 1,096,880,000 | 1,098,688,000 | 1,158,328,000 | 1,297,300,000 |
| Interest-bearing deposits | 972,166,000 | 975,700,000 | 1,034,133,000 | 1,145,782,000 |
| Noninterest-bearing deposits | 124,714,000 | 122,988,000 | 124,195,000 | 151,518,000 |
| Equity capital | 160,667,000 | 165,153,000 | 168,325,000 | 169,678,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2016Q1 | 2016Q2 | 2016Q3 | 2016Q4 |
|---|---|---|---|---|
| Interest income | 15,160,000 | 30,438,000 | 46,339,000 | 64,071,000 |
| Interest expense | 3,222,000 | 6,608,000 | 10,311,000 | 14,422,000 |
| Net interest income | 11,938,000 | 23,830,000 | 36,028,000 | 49,649,000 |
| Noninterest income | 1,376,000 | 2,988,000 | 4,710,000 | 6,770,000 |
| Noninterest expense | 7,287,000 | 14,635,000 | 22,018,000 | 30,145,000 |
| Provision for loan losses | 250,000 | 500,000 | 500,000 | 500,000 |
| Pretax income | 6,170,000 | 12,458,000 | 19,056,000 | 26,915,000 |
| Income tax | 1,844,000 | 3,741,000 | 5,897,000 | 8,579,000 |
| Net income | 4,326,000 | 8,717,000 | 13,159,000 | 18,336,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2016Q1 | 2016Q2 | 2016Q3 | 2016Q4 |
|---|---|---|---|---|
| Tier 1 capital | 160,433,000 | 162,700,000 | 166,332,000 | 165,747,000 |
| Total capital | 171,747,000 | 174,077,000 | 177,951,000 | 177,421,000 |
| Risk-weighted assets | 1,182,674,000 | 1,253,952,000 | 1,329,439,000 | 1,396,622,000 |