Call reports 2002
SUMMIT STATE BANK — 2002
What SUMMIT STATE BANK reported to the FFIEC in 2002, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2002Q1 | 2002Q2 | 2002Q3 | 2002Q4 |
|---|---|---|---|---|
| Total assets | 195,922,000 | 194,049,000 | 208,543,000 | 219,894,000 |
| Total loans | 175,817,000 | 171,186,000 | 173,623,000 | 182,086,000 |
| Allowance for loan losses | 2,251,000 | 2,341,000 | 2,432,000 | 2,521,000 |
| Securities available for sale | 8,000 | 8,000 | 6,000 | 106,000 |
| Securities held to maturity | 1,000,000 | 1,000,000 | 1,000,000 | 500,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 156,359,000 | 160,367,000 | 166,172,000 | 176,825,000 |
| Interest-bearing deposits | 153,555,000 | 156,809,000 | 160,706,000 | 171,661,000 |
| Noninterest-bearing deposits | 2,804,000 | 3,558,000 | 5,466,000 | 5,164,000 |
| Equity capital | 21,203,000 | 21,740,000 | 22,045,000 | 22,323,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2002Q1 | 2002Q2 | 2002Q3 | 2002Q4 |
|---|---|---|---|---|
| Interest income | 3,208,000 | 6,401,000 | 9,610,000 | 12,794,000 |
| Interest expense | 1,233,000 | 2,436,000 | 3,708,000 | 4,776,000 |
| Net interest income | 1,975,000 | 3,965,000 | 5,902,000 | 8,018,000 |
| Noninterest income | 34,000 | 67,000 | 126,000 | 202,000 |
| Noninterest expense | 1,046,000 | 2,074,000 | 3,040,000 | 4,099,000 |
| Provision for loan losses | 90,000 | 180,000 | 270,000 | 360,000 |
| Pretax income | 873,000 | 1,778,000 | 2,718,000 | 3,761,000 |
| Income tax | 338,000 | 706,000 | 1,088,000 | 1,602,000 |
| Net income | 535,000 | 1,072,000 | 1,630,000 | 2,159,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2002Q1 | 2002Q2 | 2002Q3 | 2002Q4 |
|---|---|---|---|---|
| Tier 1 capital | 17,080,000 | 17,617,000 | 17,923,000 | 18,201,000 |
| Total capital | 18,809,000 | 19,405,000 | 19,795,000 | 20,225,000 |
| Risk-weighted assets | 137,590,000 | 142,233,000 | 149,046,000 | 161,363,000 |