Call reports 2020
SUMMIT STATE BANK — 2020
What SUMMIT STATE BANK reported to the FFIEC in 2020, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Total assets | 721,645,000 | 850,659,000 | 833,806,000 | 867,569,000 |
| Total loans | 608,775,000 | 709,689,000 | 735,252,000 | 754,820,000 |
| Allowance for loan losses | 7,375,000 | 7,881,000 | 8,393,000 | 8,882,000 |
| Securities available for sale | 58,160,000 | 60,472,000 | 60,001,000 | 67,952,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 574,006,000 | 709,473,000 | 688,026,000 | 726,295,000 |
| Interest-bearing deposits | 437,131,000 | 507,461,000 | 487,674,000 | 527,198,000 |
| Noninterest-bearing deposits | 136,875,000 | 202,012,000 | 200,352,000 | 199,097,000 |
| Equity capital | 68,201,000 | 71,236,000 | 73,424,000 | 75,629,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Interest income | 8,292,000 | 17,107,000 | 26,279,000 | 36,424,000 |
| Interest expense | 1,767,000 | 3,409,000 | 4,840,000 | 6,164,000 |
| Net interest income | 6,525,000 | 13,698,000 | 21,439,000 | 30,260,000 |
| Noninterest income | 971,000 | 1,576,000 | 2,673,000 | 3,223,000 |
| Noninterest expense | 4,334,000 | 8,461,000 | 12,608,000 | 17,319,000 |
| Provision for loan losses | 600,000 | 1,100,000 | 1,600,000 | 2,100,000 |
| Pretax income | 3,433,000 | 6,584,000 | 10,778,000 | 14,938,000 |
| Income tax | 1,017,000 | 1,950,000 | 3,190,000 | 4,421,000 |
| Net income | 2,416,000 | 4,634,000 | 7,588,000 | 10,517,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Tier 1 capital | 63,518,000 | 64,929,000 | 66,875,000 | 68,758,000 |
| Total capital | 76,958,000 | 78,636,000 | 80,751,000 | 83,196,000 |
| Risk-weighted assets | 614,609,000 | 626,668,000 | 639,474,000 | 684,271,000 |