Call reports 2010
SUMMIT STATE BANK — 2010
What SUMMIT STATE BANK reported to the FFIEC in 2010, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2010Q1 | 2010Q2 | 2010Q3 | 2010Q4 |
|---|---|---|---|---|
| Total assets | 350,148,000 | 360,975,000 | 353,018,000 | 347,931,000 |
| Total loans | 290,312,000 | 290,451,000 | 289,611,000 | 286,456,000 |
| Allowance for loan losses | 5,422,000 | 5,740,000 | 6,864,000 | 6,058,000 |
| Securities available for sale | 28,891,000 | 36,177,000 | 31,260,000 | 33,642,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 274,895,000 | 285,077,000 | 283,894,000 | 279,977,000 |
| Interest-bearing deposits | 256,558,000 | 262,149,000 | 256,335,000 | 256,383,000 |
| Noninterest-bearing deposits | 18,337,000 | 22,928,000 | 27,558,000 | 23,594,000 |
| Equity capital | 55,659,000 | 56,101,000 | 56,237,000 | 55,308,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2010Q1 | 2010Q2 | 2010Q3 | 2010Q4 |
|---|---|---|---|---|
| Interest income | 4,836,000 | 9,554,000 | 14,261,000 | 18,886,000 |
| Interest expense | 956,000 | 1,878,000 | 2,746,000 | 3,553,000 |
| Net interest income | 3,880,000 | 7,676,000 | 11,515,000 | 15,333,000 |
| Noninterest income | 151,000 | 268,000 | 452,000 | 607,000 |
| Noninterest expense | 2,253,000 | 4,552,000 | 6,796,000 | 9,023,000 |
| Provision for loan losses | 1,010,000 | 1,710,000 | 2,860,000 | 3,860,000 |
| Pretax income | 918,000 | 1,832,000 | 2,437,000 | 3,183,000 |
| Income tax | 378,000 | 786,000 | 1,066,000 | 1,376,000 |
| Net income | 540,000 | 1,046,000 | 1,371,000 | 1,807,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2010Q1 | 2010Q2 | 2010Q3 | 2010Q4 |
|---|---|---|---|---|
| Tier 1 capital | 51,350,000 | 51,329,000 | 51,138,000 | 51,052,000 |
| Total capital | 54,819,000 | 54,893,000 | 54,676,000 | 54,548,000 |
| Risk-weighted assets | 280,761,000 | 282,938,000 | 279,723,000 | 277,109,000 |