Call reports 2016
SUMMIT BANK — 2016
What SUMMIT BANK reported to the FFIEC in 2016, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2016Q1 | 2016Q2 | 2016Q3 | 2016Q4 |
|---|---|---|---|---|
| Total assets | 245,563,000 | 262,442,000 | 267,087,000 | 281,997,000 |
| Total loans | 195,257,000 | 209,169,000 | 213,544,000 | 230,344,000 |
| Allowance for loan losses | 2,803,000 | 3,053,000 | 3,141,000 | 3,376,000 |
| Securities available for sale | 5,867,000 | 5,377,000 | 6,159,000 | 5,833,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 218,075,000 | 232,736,000 | 237,459,000 | 253,708,000 |
| Interest-bearing deposits | 148,626,000 | 161,163,000 | 164,099,000 | 162,780,000 |
| Noninterest-bearing deposits | 69,449,000 | 71,572,000 | 73,360,000 | 90,928,000 |
| Equity capital | 22,369,000 | 23,198,000 | 24,096,000 | 24,892,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2016Q1 | 2016Q2 | 2016Q3 | 2016Q4 |
|---|---|---|---|---|
| Interest income | 2,909,000 | 6,051,000 | 9,273,000 | 12,682,000 |
| Interest expense | 96,000 | 203,000 | 306,000 | 414,000 |
| Net interest income | 2,813,000 | 5,848,000 | 8,967,000 | 12,268,000 |
| Noninterest income | 119,000 | 371,000 | 692,000 | 968,000 |
| Noninterest expense | 1,768,000 | 3,516,000 | 5,311,000 | 7,257,000 |
| Provision for loan losses | 269,000 | 711,000 | 969,000 | 1,381,000 |
| Pretax income | 895,000 | 1,994,000 | 3,381,000 | 4,600,000 |
| Income tax | 315,000 | 730,000 | 1,276,000 | 1,745,000 |
| Net income | 580,000 | 1,264,000 | 2,105,000 | 2,855,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2016Q1 | 2016Q2 | 2016Q3 | 2016Q4 |
|---|---|---|---|---|
| Tier 1 capital | 22,353,000 | 23,174,000 | 24,085,000 | 24,899,000 |
| Total capital | 24,993,000 | 25,948,000 | 26,920,000 | 27,948,000 |
| Risk-weighted assets | 210,952,000 | 221,560,000 | 226,447,000 | 243,568,000 |