Call reports 2024
SUMMIT STATE BANK — 2024
What SUMMIT STATE BANK reported to the FFIEC in 2024, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Total assets | 1,080,191,000 | 1,082,045,000 | 1,118,791,000 | 1,067,094,000 |
| Total loans | 933,172,000 | 927,659,000 | 932,832,000 | 918,768,000 |
| Allowance for loan losses | 15,487,000 | 14,145,000 | 15,466,000 | 13,693,000 |
| Securities available for sale | 83,832,000 | 83,105,000 | 76,205,000 | 68,228,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 939,202,000 | 966,587,000 | 1,002,771,000 | 962,563,000 |
| Interest-bearing deposits | 759,874,000 | 783,406,000 | 810,400,000 | 776,807,000 |
| Noninterest-bearing deposits | 179,328,000 | 183,181,000 | 192,371,000 | 185,756,000 |
| Equity capital | 97,878,000 | 97,949,000 | 100,662,000 | 91,723,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Interest income | 14,478,000 | 28,850,000 | 43,827,000 | 58,762,000 |
| Interest expense | 7,071,000 | 14,348,000 | 22,053,000 | 29,286,000 |
| Net interest income | 7,407,000 | 14,502,000 | 21,774,000 | 29,476,000 |
| Noninterest income | 889,000 | 1,629,000 | 2,599,000 | 3,213,000 |
| Noninterest expense | 6,341,000 | 12,908,000 | 19,029,000 | 29,168,000 |
| Provision for loan losses | -15,000 | -9,000 | 1,311,000 | 7,882,000 |
| Pretax income | 2,040,000 | 3,324,000 | 4,152,000 | -4,388,000 |
| Income tax | 645,000 | 1,001,000 | 1,203,000 | -195,000 |
| Net income | 1,395,000 | 2,323,000 | 2,949,000 | -4,193,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Tier 1 capital | 99,448,000 | 99,706,000 | 100,186,000 | 97,173,000 |
| Total capital | 117,408,000 | 117,858,000 | 117,035,000 | 113,922,000 |
| Risk-weighted assets | 959,137,000 | 975,833,000 | 964,704,000 | 957,972,000 |