Call reports 2017
SUMMIT STATE BANK — 2017
What SUMMIT STATE BANK reported to the FFIEC in 2017, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2017Q1 | 2017Q2 | 2017Q3 | 2017Q4 |
|---|---|---|---|---|
| Total assets | 524,537,000 | 537,481,000 | 538,993,000 | 610,864,000 |
| Total loans | 357,819,000 | 370,961,000 | 400,518,000 | 442,830,000 |
| Allowance for loan losses | 4,774,000 | 4,702,000 | 4,878,000 | 5,236,000 |
| Securities available for sale | 123,598,000 | 124,774,000 | 96,247,000 | 78,769,000 |
| Securities held to maturity | 7,978,000 | 7,980,000 | 7,982,000 | 7,984,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 400,146,000 | 408,031,000 | 442,274,000 | 533,514,000 |
| Interest-bearing deposits | 288,415,000 | 297,522,000 | 313,411,000 | 342,653,000 |
| Noninterest-bearing deposits | 111,731,000 | 110,509,000 | 128,863,000 | 190,861,000 |
| Equity capital | 59,305,000 | 60,439,000 | 60,484,000 | 59,677,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2017Q1 | 2017Q2 | 2017Q3 | 2017Q4 |
|---|---|---|---|---|
| Interest income | 4,832,000 | 9,814,000 | 15,000,000 | 20,713,000 |
| Interest expense | 381,000 | 876,000 | 1,510,000 | 2,141,000 |
| Net interest income | 4,451,000 | 8,938,000 | 13,490,000 | 18,572,000 |
| Noninterest income | 173,000 | 346,000 | 550,000 | 1,069,000 |
| Noninterest expense | 3,137,000 | 6,214,000 | 9,318,000 | 13,271,000 |
| Provision for loan losses | 0 | 0 | 170,000 | 520,000 |
| Pretax income | 1,500,000 | 3,083,000 | 4,609,000 | 5,922,000 |
| Income tax | 619,000 | 1,271,000 | 1,796,000 | 2,630,000 |
| Net income | 881,000 | 1,812,000 | 2,813,000 | 3,292,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2017Q1 | 2017Q2 | 2017Q3 | 2017Q4 |
|---|---|---|---|---|
| Tier 1 capital | 55,732,000 | 55,958,000 | 56,296,000 | 56,089,000 |
| Total capital | 60,638,000 | 60,794,000 | 61,316,000 | 61,485,000 |
| Risk-weighted assets | 409,109,000 | 424,216,000 | 443,674,000 | 484,165,000 |