Call reports 2008
SUMMIT STATE BANK — 2008
What SUMMIT STATE BANK reported to the FFIEC in 2008, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Total assets | 334,190,000 | 341,798,000 | 349,785,000 | 364,580,000 |
| Total loans | 270,531,000 | 275,622,000 | 288,296,000 | 303,662,000 |
| Allowance for loan losses | 3,776,000 | 3,813,000 | 3,871,000 | 4,016,000 |
| Securities available for sale | 43,040,000 | 45,411,000 | 41,156,000 | 41,183,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 234,940,000 | 229,687,000 | 257,914,000 | 252,763,000 |
| Interest-bearing deposits | 223,668,000 | 218,052,000 | 246,168,000 | 241,990,000 |
| Noninterest-bearing deposits | 11,272,000 | 11,635,000 | 11,746,000 | 10,773,000 |
| Equity capital | 47,502,000 | 47,277,000 | 46,353,000 | 55,540,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Interest income | 5,441,000 | 10,778,000 | 16,218,000 | 21,552,000 |
| Interest expense | 2,794,000 | 5,069,000 | 7,219,000 | 9,210,000 |
| Net interest income | 2,647,000 | 5,709,000 | 8,999,000 | 12,342,000 |
| Noninterest income | 131,000 | 263,000 | 376,000 | 485,000 |
| Noninterest expense | 2,231,000 | 4,193,000 | 6,178,000 | 7,969,000 |
| Provision for loan losses | 155,000 | 335,000 | 465,000 | 685,000 |
| Pretax income | 392,000 | 1,383,000 | 409,000 | 1,716,000 |
| Income tax | 162,000 | 569,000 | 164,000 | 707,000 |
| Net income | 230,000 | 814,000 | 245,000 | 1,009,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Tier 1 capital | 43,315,000 | 43,410,000 | 42,491,000 | 51,321,000 |
| Total capital | 46,866,000 | 46,978,000 | 45,918,000 | 55,017,000 |
| Risk-weighted assets | 283,806,000 | 285,134,000 | 284,429,000 | 295,367,000 |