Call reports 2004
SUMMIT BANK — 2004
What SUMMIT BANK reported to the FFIEC in 2004, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2004Q1 | 2004Q2 | 2004Q3 | 2004Q4 |
|---|---|---|---|---|
| Total assets | 7,709,000 | 15,093,000 | 19,395,000 | 23,004,000 |
| Total loans | 0 | 3,895,000 | 8,107,000 | 13,069,000 |
| Allowance for loan losses | 0 | 30,000 | 63,000 | 121,000 |
| Securities available for sale | 1,486,000 | 6,764,000 | 6,770,000 | 6,612,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 1,107,000 | 6,274,000 | 10,572,000 | 14,298,000 |
| Interest-bearing deposits | 988,000 | 4,162,000 | 7,679,000 | 10,969,000 |
| Noninterest-bearing deposits | 119,000 | 2,112,000 | 2,892,000 | 3,329,000 |
| Equity capital | 6,576,000 | 8,786,000 | 8,777,000 | 8,625,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2004Q1 | 2004Q2 | 2004Q3 | 2004Q4 |
|---|---|---|---|---|
| Interest income | 8,000 | 79,000 | 236,000 | 473,000 |
| Interest expense | 0 | 5,000 | 18,000 | 42,000 |
| Net interest income | 8,000 | 74,000 | 218,000 | 431,000 |
| Noninterest income | 0 | 1,000 | 5,000 | 8,000 |
| Noninterest expense | 474,000 | 732,000 | 982,000 | 1,240,000 |
| Provision for loan losses | 0 | 30,000 | 63,000 | 128,000 |
| Pretax income | -466,000 | -687,000 | -822,000 | -929,000 |
| Income tax | 0 | 0 | 0 | 0 |
| Net income | -466,000 | -687,000 | -822,000 | -929,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2004Q1 | 2004Q2 | 2004Q3 | 2004Q4 |
|---|---|---|---|---|
| Tier 1 capital | 6,575,000 | 8,979,000 | 8,844,000 | 8,723,000 |
| Total capital | 6,575,000 | 9,009,000 | 8,907,000 | 8,851,000 |
| Risk-weighted assets | 1,694,000 | 6,117,000 | 10,687,000 | 14,917,000 |