Call reports 2010
SUMMIT BANK — 2010
What SUMMIT BANK reported to the FFIEC in 2010, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2010Q1 | 2010Q2 | 2010Q3 | 2010Q4 |
|---|---|---|---|---|
| Total assets | 124,202,000 | 124,278,000 | 130,510,000 | 117,637,000 |
| Total loans | 93,768,000 | 93,948,000 | 93,946,000 | 89,969,000 |
| Allowance for loan losses | 1,602,000 | 1,665,000 | 1,586,000 | 1,480,000 |
| Securities available for sale | 7,703,000 | 8,438,000 | 10,801,000 | 11,700,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 106,415,000 | 102,534,000 | 106,776,000 | 96,804,000 |
| Interest-bearing deposits | 87,082,000 | 80,390,000 | 84,543,000 | 71,473,000 |
| Noninterest-bearing deposits | 19,333,000 | 22,144,000 | 22,233,000 | 25,331,000 |
| Equity capital | 10,717,000 | 10,770,000 | 11,012,000 | 10,995,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2010Q1 | 2010Q2 | 2010Q3 | 2010Q4 |
|---|---|---|---|---|
| Interest income | 1,274,000 | 2,583,000 | 3,888,000 | 5,132,000 |
| Interest expense | 236,000 | 464,000 | 680,000 | 855,000 |
| Net interest income | 1,038,000 | 2,119,000 | 3,208,000 | 4,277,000 |
| Noninterest income | 65,000 | -73,000 | -39,000 | 135,000 |
| Noninterest expense | 900,000 | 1,740,000 | 2,638,000 | 3,518,000 |
| Provision for loan losses | 17,000 | 103,000 | 13,000 | 332,000 |
| Pretax income | 186,000 | 203,000 | 518,000 | 562,000 |
| Income tax | 67,000 | 78,000 | 186,000 | 221,000 |
| Net income | 119,000 | 125,000 | 332,000 | 341,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2010Q1 | 2010Q2 | 2010Q3 | 2010Q4 |
|---|---|---|---|---|
| Tier 1 capital | 10,572,000 | 10,595,000 | 10,818,000 | 10,837,000 |
| Total capital | 11,837,000 | 11,875,000 | 12,105,000 | 12,057,000 |
| Risk-weighted assets | 101,238,000 | 102,386,000 | 102,950,000 | 97,236,000 |