Call reports 2018
SUMMIT BANK — 2018
What SUMMIT BANK reported to the FFIEC in 2018, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2018Q1 | 2018Q2 | 2018Q3 | 2018Q4 |
|---|---|---|---|---|
| Total assets | 368,687,000 | 382,506,000 | 397,607,000 | 416,468,000 |
| Total loans | 301,706,000 | 318,740,000 | 328,094,000 | 347,228,000 |
| Allowance for loan losses | 4,418,000 | 4,718,000 | 4,907,000 | 5,135,000 |
| Securities available for sale | 4,669,000 | 4,334,000 | 3,619,000 | 3,312,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 328,768,000 | 341,646,000 | 354,868,000 | 371,405,000 |
| Interest-bearing deposits | 245,747,000 | 249,102,000 | 255,259,000 | 274,535,000 |
| Noninterest-bearing deposits | 83,021,000 | 92,543,000 | 99,609,000 | 96,869,000 |
| Equity capital | 35,688,000 | 36,950,000 | 38,424,000 | 40,564,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2018Q1 | 2018Q2 | 2018Q3 | 2018Q4 |
|---|---|---|---|---|
| Interest income | 4,775,000 | 9,954,000 | 15,481,000 | 21,539,000 |
| Interest expense | 329,000 | 850,000 | 1,442,000 | 2,080,000 |
| Net interest income | 4,446,000 | 9,104,000 | 14,039,000 | 19,459,000 |
| Noninterest income | 393,000 | 783,000 | 1,230,000 | 1,643,000 |
| Noninterest expense | 2,625,000 | 5,423,000 | 8,266,000 | 11,187,000 |
| Provision for loan losses | 614,000 | 1,144,000 | 1,734,000 | 2,167,000 |
| Pretax income | 1,600,000 | 3,320,000 | 5,269,000 | 7,748,000 |
| Income tax | 450,000 | 934,000 | 1,479,000 | 1,986,000 |
| Net income | 1,150,000 | 2,386,000 | 3,790,000 | 5,762,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2018Q1 | 2018Q2 | 2018Q3 | 2018Q4 |
|---|---|---|---|---|
| Tier 1 capital | 35,719,000 | 36,981,000 | 38,467,000 | 40,588,000 |
| Total capital | 39,890,000 | 41,318,000 | 43,004,000 | 45,331,000 |
| Risk-weighted assets | 333,334,000 | 346,492,000 | 362,454,000 | 378,929,000 |