Call reports 2017
SUMMIT BANK — 2017
What SUMMIT BANK reported to the FFIEC in 2017, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2017Q1 | 2017Q2 | 2017Q3 | 2017Q4 |
|---|---|---|---|---|
| Total assets | 294,831,000 | 313,917,000 | 334,809,000 | 335,689,000 |
| Total loans | 237,097,000 | 258,929,000 | 272,243,000 | 280,549,000 |
| Allowance for loan losses | 3,497,000 | 3,844,000 | 3,943,000 | 4,046,000 |
| Securities available for sale | 6,095,000 | 5,770,000 | 6,119,000 | 5,388,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 259,861,000 | 277,689,000 | 297,584,000 | 298,515,000 |
| Interest-bearing deposits | 182,861,000 | 196,155,000 | 210,705,000 | 210,362,000 |
| Noninterest-bearing deposits | 77,000,000 | 81,535,000 | 86,879,000 | 88,153,000 |
| Equity capital | 31,360,000 | 32,646,000 | 33,620,000 | 34,534,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2017Q1 | 2017Q2 | 2017Q3 | 2017Q4 |
|---|---|---|---|---|
| Interest income | 3,585,000 | 7,551,000 | 11,898,000 | 16,368,000 |
| Interest expense | 129,000 | 267,000 | 468,000 | 676,000 |
| Net interest income | 3,456,000 | 7,284,000 | 11,430,000 | 15,692,000 |
| Noninterest income | 367,000 | 732,000 | 994,000 | 1,274,000 |
| Noninterest expense | 2,025,000 | 4,065,000 | 6,271,000 | 8,765,000 |
| Provision for loan losses | 554,000 | 1,128,000 | 1,768,000 | 2,280,000 |
| Pretax income | 1,244,000 | 2,823,000 | 4,385,000 | 5,921,000 |
| Income tax | 482,000 | 1,100,000 | 1,708,000 | 2,638,000 |
| Net income | 762,000 | 1,723,000 | 2,677,000 | 3,283,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2017Q1 | 2017Q2 | 2017Q3 | 2017Q4 |
|---|---|---|---|---|
| Tier 1 capital | 31,353,000 | 32,630,000 | 33,612,000 | 34,542,000 |
| Total capital | 34,524,000 | 36,058,000 | 37,229,000 | 38,444,000 |
| Risk-weighted assets | 253,314,000 | 273,770,000 | 288,976,000 | 311,951,000 |