Call reports 2014
SUMMIT STATE BANK — 2014
What SUMMIT STATE BANK reported to the FFIEC in 2014, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2014Q1 | 2014Q2 | 2014Q3 | 2014Q4 |
|---|---|---|---|---|
| Total assets | 460,133,000 | 463,470,000 | 463,376,000 | 459,674,000 |
| Total loans | 293,055,000 | 293,823,000 | 290,782,000 | 284,942,000 |
| Allowance for loan losses | 5,432,000 | 4,966,000 | 4,973,000 | 5,144,000 |
| Securities available for sale | 113,016,000 | 116,094,000 | 119,208,000 | 124,722,000 |
| Securities held to maturity | 15,558,000 | 15,558,000 | 13,951,000 | 9,977,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 358,414,000 | 359,270,000 | 364,896,000 | 355,259,000 |
| Interest-bearing deposits | 287,662,000 | 288,661,000 | 291,672,000 | 281,552,000 |
| Noninterest-bearing deposits | 70,752,000 | 70,609,000 | 73,224,000 | 73,707,000 |
| Equity capital | 63,257,000 | 64,991,000 | 65,756,000 | 67,580,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2014Q1 | 2014Q2 | 2014Q3 | 2014Q4 |
|---|---|---|---|---|
| Interest income | 4,529,000 | 8,941,000 | 13,529,000 | 17,933,000 |
| Interest expense | 259,000 | 521,000 | 779,000 | 1,016,000 |
| Net interest income | 4,270,000 | 8,420,000 | 12,750,000 | 16,917,000 |
| Noninterest income | 329,000 | 580,000 | 930,000 | 1,233,000 |
| Noninterest expense | 2,540,000 | 5,176,000 | 7,900,000 | 10,459,000 |
| Provision for loan losses | 0 | -400,000 | -400,000 | -1,400,000 |
| Pretax income | 2,059,000 | 4,237,000 | 6,253,000 | 9,330,000 |
| Income tax | 849,000 | 1,746,000 | 2,578,000 | 3,845,000 |
| Net income | 1,210,000 | 2,491,000 | 3,675,000 | 5,485,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2014Q1 | 2014Q2 | 2014Q3 | 2014Q4 |
|---|---|---|---|---|
| Tier 1 capital | 60,108,000 | 60,865,000 | 61,498,000 | 62,754,000 |
| Total capital | 64,481,000 | 65,243,000 | 65,843,000 | 67,045,000 |
| Risk-weighted assets | 348,783,000 | 349,634,000 | 346,941,000 | 342,435,000 |