Call reports 2022
SUMMIT STATE BANK — 2022
What SUMMIT STATE BANK reported to the FFIEC in 2022, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2022Q1 | 2022Q2 | 2022Q3 | 2022Q4 |
|---|---|---|---|---|
| Total assets | 982,678,000 | 980,785,000 | 1,043,813,000 | 1,115,484,000 |
| Total loans | 830,624,000 | 851,718,000 | 907,789,000 | 928,546,000 |
| Allowance for loan losses | 12,453,000 | 13,452,000 | 14,209,000 | 14,839,000 |
| Securities available for sale | 63,332,000 | 69,926,000 | 68,694,000 | 83,785,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 831,934,000 | 819,932,000 | 868,912,000 | 962,655,000 |
| Interest-bearing deposits | 575,681,000 | 580,119,000 | 614,747,000 | 710,611,000 |
| Noninterest-bearing deposits | 256,253,000 | 239,813,000 | 254,165,000 | 252,044,000 |
| Equity capital | 83,708,000 | 84,664,000 | 84,421,000 | 88,546,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2022Q1 | 2022Q2 | 2022Q3 | 2022Q4 |
|---|---|---|---|---|
| Interest income | 10,880,000 | 22,226,000 | 34,767,000 | 48,953,000 |
| Interest expense | 997,000 | 2,041,000 | 3,590,000 | 6,527,000 |
| Net interest income | 9,883,000 | 20,185,000 | 31,177,000 | 42,426,000 |
| Noninterest income | 1,870,000 | 4,179,000 | 5,195,000 | 7,292,000 |
| Noninterest expense | 6,184,000 | 11,461,000 | 16,956,000 | 23,311,000 |
| Provision for loan losses | 135,000 | 1,123,000 | 1,876,000 | 2,683,000 |
| Pretax income | 5,440,000 | 11,800,000 | 17,544,000 | 23,870,000 |
| Income tax | 1,505,000 | 3,364,000 | 5,129,000 | 6,902,000 |
| Net income | 3,935,000 | 8,436,000 | 12,415,000 | 16,968,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2022Q1 | 2022Q2 | 2022Q3 | 2022Q4 |
|---|---|---|---|---|
| Tier 1 capital | 79,950,000 | 84,654,000 | 87,824,000 | 90,636,000 |
| Total capital | 96,287,000 | 101,353,000 | 105,152,000 | 108,626,000 |
| Risk-weighted assets | 832,779,000 | 860,863,000 | 910,679,000 | 963,595,000 |