Call reports 2020
SUMMIT COMMUNITY BANK, INC. — 2020
What SUMMIT COMMUNITY BANK, INC. reported to the FFIEC in 2020, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Total assets | 2,511,136,000 | 2,859,416,000 | 2,945,416,000 | 3,105,212,000 |
| Total loans | 2,007,916,000 | 2,223,748,000 | 2,254,343,000 | 2,414,151,000 |
| Allowance for loan losses | 24,608,000 | 27,166,000 | 29,354,000 | 32,246,000 |
| Securities available for sale | 305,044,000 | 322,539,000 | 297,989,000 | 286,127,000 |
| Securities held to maturity | 0 | 80,497,000 | 91,600,000 | 99,914,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 2,046,651,000 | 2,453,423,000 | 2,457,719,000 | 2,601,523,000 |
| Interest-bearing deposits | 1,707,468,000 | 2,008,579,000 | 2,031,821,000 | 2,154,833,000 |
| Noninterest-bearing deposits | 339,183,000 | 444,844,000 | 425,898,000 | 446,690,000 |
| Equity capital | 274,880,000 | 282,833,000 | 316,756,000 | 327,353,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Interest income | 27,636,000 | 55,568,000 | 84,810,000 | 114,982,000 |
| Interest expense | 5,990,000 | 10,684,000 | 14,979,000 | 18,412,000 |
| Net interest income | 21,646,000 | 44,884,000 | 69,831,000 | 96,570,000 |
| Noninterest income | 2,611,000 | 6,064,000 | 10,181,000 | 14,492,000 |
| Noninterest expense | 14,159,000 | 28,824,000 | 43,480,000 | 58,755,000 |
| Provision for loan losses | 4,699,000 | 7,206,000 | 10,408,000 | 12,743,000 |
| Pretax income | 5,886,000 | 14,912,000 | 27,591,000 | 41,279,000 |
| Income tax | 1,211,000 | 2,849,000 | 5,530,000 | 7,946,000 |
| Net income | 4,675,000 | 12,063,000 | 22,061,000 | 33,333,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Tier 1 capital | 250,530,000 | 242,345,000 | 276,361,000 | 279,540,000 |
| Total capital | 267,759,000 | 261,873,000 | 297,567,000 | 302,716,000 |
| Risk-weighted assets | 2,135,633,000 | 2,305,380,000 | 2,334,268,000 | 2,515,805,000 |
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