Call reports 2019
SUMMIT BANK — 2019
What SUMMIT BANK reported to the FFIEC in 2019, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2019Q1 | 2019Q2 | 2019Q3 | 2019Q4 |
|---|---|---|---|---|
| Total assets | 448,641,000 | 461,827,000 | 498,661,000 | 507,378,000 |
| Total loans | 363,185,000 | 395,716,000 | 423,872,000 | 444,047,000 |
| Allowance for loan losses | 5,470,000 | 6,002,000 | 6,283,000 | 6,598,000 |
| Securities available for sale | 3,091,000 | 3,875,000 | 4,090,000 | 4,565,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 400,336,000 | 408,950,000 | 440,126,000 | 448,708,000 |
| Interest-bearing deposits | 310,852,000 | 322,719,000 | 346,758,000 | 356,844,000 |
| Noninterest-bearing deposits | 89,484,000 | 86,231,000 | 93,368,000 | 91,864,000 |
| Equity capital | 41,969,000 | 43,572,000 | 45,368,000 | 46,826,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2019Q1 | 2019Q2 | 2019Q3 | 2019Q4 |
|---|---|---|---|---|
| Interest income | 6,146,000 | 12,726,000 | 19,653,000 | 26,890,000 |
| Interest expense | 771,000 | 1,642,000 | 2,462,000 | 3,124,000 |
| Net interest income | 5,375,000 | 11,084,000 | 17,191,000 | 23,766,000 |
| Noninterest income | 252,000 | 1,063,000 | 1,468,000 | 1,715,000 |
| Noninterest expense | 3,371,000 | 7,050,000 | 10,677,000 | 14,969,000 |
| Provision for loan losses | 570,000 | 1,533,000 | 2,135,000 | 3,005,000 |
| Pretax income | 1,686,000 | 3,564,000 | 5,847,000 | 7,507,000 |
| Income tax | 450,000 | 973,000 | 1,604,000 | 1,888,000 |
| Net income | 1,236,000 | 2,591,000 | 4,243,000 | 5,619,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2019Q1 | 2019Q2 | 2019Q3 | 2019Q4 |
|---|---|---|---|---|
| Tier 1 capital | 41,981,000 | 43,559,000 | 45,350,000 | 46,822,000 |
| Total capital | 46,978,000 | 48,916,000 | 51,048,000 | 52,807,000 |
| Risk-weighted assets | 399,252,000 | 427,890,000 | 455,148,000 | 478,103,000 |