Call reports 2022
SUMMIT COMMUNITY BANK, INC. — 2022
What SUMMIT COMMUNITY BANK, INC. reported to the FFIEC in 2022, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2022Q1 | 2022Q2 | 2022Q3 | 2022Q4 |
|---|---|---|---|---|
| Total assets | 3,620,991,000 | 3,742,089,000 | 3,864,741,000 | 3,890,541,000 |
| Total loans | 2,850,886,000 | 2,977,120,000 | 3,075,489,000 | 3,082,818,000 |
| Allowance for loan losses | 32,623,000 | 35,063,000 | 36,750,000 | 38,899,000 |
| Securities available for sale | 374,854,000 | 368,049,000 | 383,965,000 | 405,201,000 |
| Securities held to maturity | 97,589,000 | 97,116,000 | 96,640,000 | 96,163,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 3,022,648,000 | 2,989,832,000 | 3,121,920,000 | 3,180,917,000 |
| Interest-bearing deposits | 2,379,061,000 | 2,374,512,000 | 2,489,005,000 | 2,616,264,000 |
| Noninterest-bearing deposits | 643,587,000 | 615,320,000 | 632,915,000 | 564,653,000 |
| Equity capital | 421,746,000 | 425,331,000 | 432,786,000 | 445,048,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2022Q1 | 2022Q2 | 2022Q3 | 2022Q4 |
|---|---|---|---|---|
| Interest income | 32,889,000 | 68,447,000 | 110,891,000 | 158,721,000 |
| Interest expense | 2,109,000 | 5,435,000 | 12,434,000 | 24,505,000 |
| Net interest income | 30,780,000 | 63,012,000 | 98,457,000 | 134,216,000 |
| Noninterest income | 4,457,000 | 9,164,000 | 14,008,000 | 18,474,000 |
| Noninterest expense | 17,248,000 | 34,483,000 | 53,051,000 | 71,562,000 |
| Provision for loan losses | 833,000 | 3,433,000 | 5,128,000 | 7,278,000 |
| Pretax income | 15,887,000 | 33,301,000 | 53,280,000 | 73,470,000 |
| Income tax | 3,401,000 | 7,060,000 | 11,277,000 | 15,345,000 |
| Net income | 12,486,000 | 26,241,000 | 42,003,000 | 58,125,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2022Q1 | 2022Q2 | 2022Q3 | 2022Q4 |
|---|---|---|---|---|
| Tier 1 capital | 370,527,000 | 380,913,000 | 392,969,000 | 405,430,000 |
| Total capital | 401,393,000 | 413,627,000 | 427,189,000 | 441,177,000 |
| Risk-weighted assets | 3,199,797,000 | 3,343,252,000 | 3,489,265,000 | 3,492,892,000 |