Call reports 2023
SUMMIT STATE BANK — 2023
What SUMMIT STATE BANK reported to the FFIEC in 2023, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Total assets | 1,149,704,000 | 1,161,411,000 | 1,142,174,000 | 1,122,508,000 |
| Total loans | 922,875,000 | 940,067,000 | 947,469,000 | 953,847,000 |
| Allowance for loan losses | 15,252,000 | 15,261,000 | 15,243,000 | 15,221,000 |
| Securities available for sale | 84,841,000 | 83,593,000 | 80,285,000 | 84,546,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 1,015,652,000 | 1,048,316,000 | 1,030,836,000 | 1,009,693,000 |
| Interest-bearing deposits | 781,836,000 | 838,802,000 | 820,578,000 | 807,784,000 |
| Noninterest-bearing deposits | 233,816,000 | 209,514,000 | 210,258,000 | 201,909,000 |
| Equity capital | 92,665,000 | 94,436,000 | 93,439,000 | 97,678,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Interest income | 14,649,000 | 30,272,000 | 45,206,000 | 60,241,000 |
| Interest expense | 4,614,000 | 10,572,000 | 17,572,000 | 24,779,000 |
| Net interest income | 10,035,000 | 19,700,000 | 27,634,000 | 35,462,000 |
| Noninterest income | 1,922,000 | 3,331,000 | 4,764,000 | 5,007,000 |
| Noninterest expense | 5,779,000 | 12,562,000 | 19,427,000 | 24,856,000 |
| Provision for loan losses | 400,000 | 400,000 | 373,000 | 342,000 |
| Pretax income | 5,811,000 | 10,067,000 | 12,574,000 | 15,281,000 |
| Income tax | 1,695,000 | 2,966,000 | 3,652,000 | 4,459,000 |
| Net income | 4,116,000 | 7,101,000 | 8,922,000 | 10,822,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Tier 1 capital | 93,573,000 | 96,128,000 | 97,104,000 | 98,690,000 |
| Total capital | 111,736,000 | 114,856,000 | 115,633,000 | 117,105,000 |
| Risk-weighted assets | 976,947,000 | 1,022,335,000 | 1,006,054,000 | 996,577,000 |