Call reports 2018
SUMMIT STATE BANK — 2018
What SUMMIT STATE BANK reported to the FFIEC in 2018, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2018Q1 | 2018Q2 | 2018Q3 | 2018Q4 |
|---|---|---|---|---|
| Total assets | 576,983,000 | 585,950,000 | 595,243,000 | 622,104,000 |
| Total loans | 462,846,000 | 469,631,000 | 487,261,000 | 510,578,000 |
| Allowance for loan losses | 5,590,000 | 5,775,000 | 5,842,000 | 6,029,000 |
| Securities available for sale | 74,502,000 | 72,922,000 | 67,372,000 | 70,174,000 |
| Securities held to maturity | 7,986,000 | 7,988,000 | 7,990,000 | 7,991,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 503,858,000 | 517,318,000 | 504,052,000 | 501,189,000 |
| Interest-bearing deposits | 372,615,000 | 373,392,000 | 358,340,000 | 381,178,000 |
| Noninterest-bearing deposits | 131,243,000 | 143,926,000 | 145,712,000 | 120,011,000 |
| Equity capital | 59,723,000 | 60,199,000 | 60,499,000 | 61,520,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2018Q1 | 2018Q2 | 2018Q3 | 2018Q4 |
|---|---|---|---|---|
| Interest income | 6,054,000 | 12,172,000 | 18,723,000 | 25,572,000 |
| Interest expense | 740,000 | 1,618,000 | 2,658,000 | 3,950,000 |
| Net interest income | 5,314,000 | 10,554,000 | 16,065,000 | 21,622,000 |
| Noninterest income | 608,000 | 992,000 | 1,296,000 | 1,729,000 |
| Noninterest expense | 3,394,000 | 6,802,000 | 10,547,000 | 14,804,000 |
| Provision for loan losses | 150,000 | 300,000 | 380,000 | 530,000 |
| Pretax income | 2,385,000 | 4,460,000 | 6,452,000 | 8,044,000 |
| Income tax | 645,000 | 1,259,000 | 1,746,000 | 2,217,000 |
| Net income | 1,740,000 | 3,201,000 | 4,706,000 | 5,827,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2018Q1 | 2018Q2 | 2018Q3 | 2018Q4 |
|---|---|---|---|---|
| Tier 1 capital | 57,129,000 | 57,831,000 | 58,582,000 | 58,915,000 |
| Total capital | 62,879,000 | 63,741,000 | 64,559,000 | 65,188,000 |
| Risk-weighted assets | 504,490,000 | 511,733,000 | 536,289,000 | 561,664,000 |