Call reports 2005
SUMMIT BANK — 2005
What SUMMIT BANK reported to the FFIEC in 2005, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2005Q1 | 2005Q2 | 2005Q3 | 2005Q4 |
|---|---|---|---|---|
| Total assets | 33,055,000 | 38,102,000 | 43,778,000 | 52,555,000 |
| Total loans | 14,146,000 | 20,926,000 | 28,426,000 | 34,466,000 |
| Allowance for loan losses | 141,000 | 202,000 | 265,000 | 333,000 |
| Securities available for sale | 7,166,000 | 7,109,000 | 6,952,000 | 6,815,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 24,461,000 | 28,799,000 | 34,339,000 | 42,296,000 |
| Interest-bearing deposits | 20,581,000 | 23,791,000 | 29,290,000 | 36,701,000 |
| Noninterest-bearing deposits | 3,880,000 | 5,008,000 | 5,049,000 | 5,594,000 |
| Equity capital | 8,471,000 | 8,447,000 | 8,428,000 | 8,434,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2005Q1 | 2005Q2 | 2005Q3 | 2005Q4 |
|---|---|---|---|---|
| Interest income | 297,000 | 694,000 | 1,232,000 | 1,893,000 |
| Interest expense | 63,000 | 183,000 | 374,000 | 618,000 |
| Net interest income | 234,000 | 511,000 | 858,000 | 1,275,000 |
| Noninterest income | 3,000 | 6,000 | 10,000 | 15,000 |
| Noninterest expense | 295,000 | 594,000 | 884,000 | 1,207,000 |
| Provision for loan losses | 23,000 | 90,000 | 157,000 | 224,000 |
| Pretax income | -81,000 | -167,000 | -173,000 | -141,000 |
| Income tax | 0 | 0 | 0 | 0 |
| Net income | -81,000 | -167,000 | -173,000 | -141,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2005Q1 | 2005Q2 | 2005Q3 | 2005Q4 |
|---|---|---|---|---|
| Tier 1 capital | 8,642,000 | 8,557,000 | 8,550,000 | 8,582,000 |
| Total capital | 8,793,000 | 8,769,000 | 8,830,000 | 8,929,000 |
| Risk-weighted assets | 17,680,000 | 22,782,000 | 29,390,000 | 35,789,000 |