Call reports 2006
SUMMIT BANK — 2006
What SUMMIT BANK reported to the FFIEC in 2006, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2006Q1 | 2006Q2 | 2006Q3 | 2006Q4 |
|---|---|---|---|---|
| Total assets | 64,855,000 | 64,155,000 | 69,249,000 | 76,834,000 |
| Total loans | 40,614,000 | 46,217,000 | 52,155,000 | 60,704,000 |
| Allowance for loan losses | 387,000 | 461,000 | 519,000 | 657,000 |
| Securities available for sale | 11,217,000 | 9,128,000 | 8,436,000 | 6,393,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 53,935,000 | 51,616,000 | 55,904,000 | 62,343,000 |
| Interest-bearing deposits | 47,329,000 | 43,427,000 | 45,757,000 | 50,038,000 |
| Noninterest-bearing deposits | 6,605,000 | 8,189,000 | 10,147,000 | 12,306,000 |
| Equity capital | 8,496,000 | 8,581,000 | 8,776,000 | 9,170,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2006Q1 | 2006Q2 | 2006Q3 | 2006Q4 |
|---|---|---|---|---|
| Interest income | 878,000 | 1,867,000 | 2,942,000 | 4,169,000 |
| Interest expense | 382,000 | 774,000 | 1,222,000 | 1,781,000 |
| Net interest income | 496,000 | 1,093,000 | 1,720,000 | 2,388,000 |
| Noninterest income | 8,000 | 14,000 | 26,000 | 41,000 |
| Noninterest expense | 383,000 | 812,000 | 1,252,000 | 1,717,000 |
| Provision for loan losses | 60,000 | 136,000 | 194,000 | 332,000 |
| Pretax income | 61,000 | 159,000 | 300,000 | 380,000 |
| Income tax | 0 | 0 | 0 | -254,000 |
| Net income | 61,000 | 159,000 | 300,000 | 634,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2006Q1 | 2006Q2 | 2006Q3 | 2006Q4 |
|---|---|---|---|---|
| Tier 1 capital | 8,643,000 | 8,741,000 | 8,882,000 | 9,166,000 |
| Total capital | 9,050,000 | 9,223,000 | 9,423,000 | 9,845,000 |
| Risk-weighted assets | 42,532,000 | 47,443,000 | 56,550,000 | 64,949,000 |