Call reports 2014
SUMMIT BANK — 2014
What SUMMIT BANK reported to the FFIEC in 2014, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2014Q1 | 2014Q2 | 2014Q3 | 2014Q4 |
|---|---|---|---|---|
| Total assets | 167,488,000 | 169,229,000 | 175,077,000 | 179,266,000 |
| Total loans | 128,821,000 | 133,488,000 | 139,578,000 | 149,271,000 |
| Allowance for loan losses | 2,024,000 | 2,087,000 | 2,161,000 | 2,262,000 |
| Securities available for sale | 6,355,000 | 5,794,000 | 5,721,000 | 5,767,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 146,403,000 | 149,132,000 | 154,667,000 | 157,730,000 |
| Interest-bearing deposits | 95,326,000 | 100,069,000 | 99,059,000 | 106,806,000 |
| Noninterest-bearing deposits | 51,076,000 | 49,063,000 | 55,607,000 | 50,924,000 |
| Equity capital | 14,724,000 | 15,507,000 | 16,208,000 | 16,848,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2014Q1 | 2014Q2 | 2014Q3 | 2014Q4 |
|---|---|---|---|---|
| Interest income | 1,934,000 | 4,004,000 | 6,213,000 | 8,521,000 |
| Interest expense | 62,000 | 123,000 | 185,000 | 247,000 |
| Net interest income | 1,872,000 | 3,881,000 | 6,028,000 | 8,274,000 |
| Noninterest income | 100,000 | 353,000 | 578,000 | 882,000 |
| Noninterest expense | 1,120,000 | 2,299,000 | 3,606,000 | 4,995,000 |
| Provision for loan losses | 168,000 | 163,000 | 239,000 | 383,000 |
| Pretax income | 684,000 | 1,772,000 | 2,761,000 | 3,789,000 |
| Income tax | 260,000 | 667,000 | 1,034,000 | 1,388,000 |
| Net income | 424,000 | 1,105,000 | 1,727,000 | 2,401,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2014Q1 | 2014Q2 | 2014Q3 | 2014Q4 |
|---|---|---|---|---|
| Tier 1 capital | 14,671,000 | 15,436,000 | 16,145,000 | 16,819,000 |
| Total capital | 16,364,000 | 17,188,000 | 17,967,000 | 18,786,000 |
| Risk-weighted assets | 135,408,000 | 140,149,000 | 145,789,000 | 157,038,000 |