Call reports 2008
SUMMIT BANK — 2008
What SUMMIT BANK reported to the FFIEC in 2008, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Total assets | 88,196,000 | 99,115,000 | 107,509,000 | 108,197,000 |
| Total loans | 73,243,000 | 81,394,000 | 83,910,000 | 86,900,000 |
| Allowance for loan losses | 796,000 | 884,000 | 953,000 | 1,150,000 |
| Securities available for sale | 7,295,000 | 6,153,000 | 8,803,000 | 9,534,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 70,934,000 | 80,490,000 | 89,572,000 | 86,357,000 |
| Interest-bearing deposits | 60,089,000 | 68,374,000 | 75,421,000 | 67,706,000 |
| Noninterest-bearing deposits | 10,845,000 | 12,116,000 | 14,151,000 | 18,651,000 |
| Equity capital | 10,001,000 | 10,032,000 | 10,396,000 | 10,506,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Interest income | 1,371,000 | 2,691,000 | 4,120,000 | 5,532,000 |
| Interest expense | 549,000 | 998,000 | 1,457,000 | 1,812,000 |
| Net interest income | 822,000 | 1,693,000 | 2,663,000 | 3,720,000 |
| Noninterest income | 40,000 | 76,000 | 129,000 | 165,000 |
| Noninterest expense | 684,000 | 1,372,000 | 2,127,000 | 2,967,000 |
| Provision for loan losses | 24,000 | 109,000 | 169,000 | 363,000 |
| Pretax income | 154,000 | 288,000 | 496,000 | 555,000 |
| Income tax | 59,000 | 103,000 | 177,000 | 201,000 |
| Net income | 95,000 | 185,000 | 319,000 | 354,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Tier 1 capital | 9,922,000 | 10,028,000 | 10,330,000 | 10,380,000 |
| Total capital | 10,748,000 | 10,939,000 | 11,301,000 | 11,545,000 |
| Risk-weighted assets | 77,844,000 | 85,578,000 | 90,567,000 | 93,937,000 |