Call reports 2007
SUMMIT BANK — 2007
What SUMMIT BANK reported to the FFIEC in 2007, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2007Q1 | 2007Q2 | 2007Q3 | 2007Q4 |
|---|---|---|---|---|
| Total assets | 75,797,000 | 78,432,000 | 83,385,000 | 90,208,000 |
| Total loans | 61,977,000 | 65,152,000 | 66,525,000 | 69,504,000 |
| Allowance for loan losses | 682,000 | 716,000 | 733,000 | 775,000 |
| Securities available for sale | 3,846,000 | 3,771,000 | 5,535,000 | 8,714,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 62,008,000 | 64,108,000 | 68,267,000 | 74,198,000 |
| Interest-bearing deposits | 53,615,000 | 54,421,000 | 57,317,000 | 62,335,000 |
| Noninterest-bearing deposits | 8,393,000 | 9,687,000 | 10,951,000 | 11,863,000 |
| Equity capital | 9,276,000 | 9,506,000 | 9,699,000 | 9,849,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2007Q1 | 2007Q2 | 2007Q3 | 2007Q4 |
|---|---|---|---|---|
| Interest income | 1,249,000 | 2,580,000 | 4,040,000 | 5,509,000 |
| Interest expense | 572,000 | 1,183,000 | 1,852,000 | 2,511,000 |
| Net interest income | 677,000 | 1,397,000 | 2,188,000 | 2,998,000 |
| Noninterest income | 16,000 | 37,000 | 72,000 | 107,000 |
| Noninterest expense | 524,000 | 1,081,000 | 1,647,000 | 2,285,000 |
| Provision for loan losses | 22,000 | 59,000 | 72,000 | 125,000 |
| Pretax income | 147,000 | 294,000 | 541,000 | 695,000 |
| Income tax | 56,000 | 113,000 | 207,000 | 257,000 |
| Net income | 91,000 | 181,000 | 334,000 | 438,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2007Q1 | 2007Q2 | 2007Q3 | 2007Q4 |
|---|---|---|---|---|
| Tier 1 capital | 9,257,000 | 9,498,000 | 9,655,000 | 9,815,000 |
| Total capital | 9,958,000 | 10,236,000 | 10,404,000 | 10,616,000 |
| Risk-weighted assets | 64,714,000 | 67,993,000 | 70,248,000 | 75,265,000 |