Call reports 2021
SUMMIT STATE BANK — 2021
What SUMMIT STATE BANK reported to the FFIEC in 2021, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2021Q1 | 2021Q2 | 2021Q3 | 2021Q4 |
|---|---|---|---|---|
| Total assets | 888,255,000 | 901,643,000 | 922,592,000 | 958,080,000 |
| Total loans | 761,416,000 | 765,461,000 | 803,957,000 | 833,316,000 |
| Allowance for loan losses | 11,476,000 | 11,482,000 | 11,453,000 | 12,329,000 |
| Securities available for sale | 68,973,000 | 67,096,000 | 68,803,000 | 69,367,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 747,349,000 | 763,953,000 | 749,007,000 | 811,600,000 |
| Interest-bearing deposits | 527,152,000 | 531,747,000 | 519,450,000 | 576,776,000 |
| Noninterest-bearing deposits | 220,197,000 | 232,206,000 | 229,557,000 | 234,824,000 |
| Equity capital | 75,509,000 | 78,977,000 | 81,983,000 | 84,282,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2021Q1 | 2021Q2 | 2021Q3 | 2021Q4 |
|---|---|---|---|---|
| Interest income | 10,409,000 | 20,489,000 | 31,092,000 | 41,973,000 |
| Interest expense | 1,219,000 | 2,324,000 | 3,341,000 | 4,367,000 |
| Net interest income | 9,190,000 | 18,165,000 | 27,751,000 | 37,606,000 |
| Noninterest income | 601,000 | 2,062,000 | 3,332,000 | 4,483,000 |
| Noninterest expense | 4,753,000 | 9,702,000 | 15,163,000 | 19,980,000 |
| Provision for loan losses | 335,000 | 335,000 | 335,000 | 1,294,000 |
| Pretax income | 4,710,000 | 10,246,000 | 15,641,000 | 20,880,000 |
| Income tax | 1,393,000 | 3,031,000 | 4,629,000 | 6,182,000 |
| Net income | 3,317,000 | 7,215,000 | 11,012,000 | 14,698,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2021Q1 | 2021Q2 | 2021Q3 | 2021Q4 |
|---|---|---|---|---|
| Tier 1 capital | 70,280,000 | 73,181,000 | 76,308,000 | 79,193,000 |
| Total capital | 84,806,000 | 88,025,000 | 91,832,000 | 95,481,000 |
| Risk-weighted assets | 688,483,000 | 713,895,000 | 768,581,000 | 829,271,000 |