Call reports 2023
SUMMIT COMMUNITY BANK, INC. — 2023
What SUMMIT COMMUNITY BANK, INC. reported to the FFIEC in 2023, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Total assets | 3,949,334,000 | 4,525,477,000 | 4,576,543,000 | 4,626,874,000 |
| Total loans | 3,099,935,000 | 3,552,561,000 | 3,599,127,000 | 3,681,612,000 |
| Allowance for loan losses | 40,836,000 | 45,681,000 | 47,232,000 | 48,090,000 |
| Securities available for sale | 431,933,000 | 512,038,000 | 511,403,000 | 502,762,000 |
| Securities held to maturity | 95,682,000 | 95,200,000 | 94,715,000 | 94,227,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 3,310,227,000 | 3,745,177,000 | 3,764,631,000 | 3,746,329,000 |
| Interest-bearing deposits | 2,747,131,000 | 3,055,895,000 | 3,124,440,000 | 3,121,573,000 |
| Noninterest-bearing deposits | 563,096,000 | 689,282,000 | 640,191,000 | 624,756,000 |
| Equity capital | 460,249,000 | 503,645,000 | 507,567,000 | 531,138,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Interest income | 50,384,000 | 111,173,000 | 175,791,000 | 242,230,000 |
| Interest expense | 14,833,000 | 33,905,000 | 55,826,000 | 80,042,000 |
| Net interest income | 35,551,000 | 77,268,000 | 119,965,000 | 162,188,000 |
| Noninterest income | 4,393,000 | 9,851,000 | 14,873,000 | 20,194,000 |
| Noninterest expense | 19,082,000 | 46,003,000 | 69,196,000 | 92,729,000 |
| Provision for loan losses | 1,875,000 | 9,115,000 | 10,785,000 | 11,455,000 |
| Pretax income | 19,303,000 | 31,346,000 | 54,611,000 | 77,136,000 |
| Income tax | 3,868,000 | 6,428,000 | 11,638,000 | 16,509,000 |
| Net income | 15,435,000 | 24,918,000 | 42,973,000 | 60,627,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Tier 1 capital | 414,809,000 | 447,770,000 | 462,461,000 | 475,785,000 |
| Total capital | 455,479,000 | 493,921,000 | 509,696,000 | 524,737,000 |
| Risk-weighted assets | 3,476,079,000 | 3,948,652,000 | 4,003,918,000 | 4,069,614,000 |