Call reports 2020
SUMMIT BANK — 2020
What SUMMIT BANK reported to the FFIEC in 2020, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Total assets | 567,465,000 | 720,099,000 | 758,725,000 | 761,286,000 |
| Total loans | 471,239,000 | 592,994,000 | 608,868,000 | 580,782,000 |
| Allowance for loan losses | 7,042,000 | 7,410,000 | 7,859,000 | 8,175,000 |
| Securities available for sale | 3,905,000 | 3,570,000 | 8,939,000 | 9,440,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 499,775,000 | 587,947,000 | 626,461,000 | 657,136,000 |
| Interest-bearing deposits | 395,412,000 | 431,069,000 | 458,118,000 | 491,222,000 |
| Noninterest-bearing deposits | 104,363,000 | 156,879,000 | 168,344,000 | 165,914,000 |
| Equity capital | 47,936,000 | 57,422,000 | 59,552,000 | 63,134,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Interest income | 6,971,000 | 13,939,000 | 20,959,000 | 29,751,000 |
| Interest expense | 550,000 | 841,000 | 1,115,000 | 1,337,000 |
| Net interest income | 6,421,000 | 13,098,000 | 19,844,000 | 28,414,000 |
| Noninterest income | 250,000 | 438,000 | 824,000 | 1,650,000 |
| Noninterest expense | 3,922,000 | 7,776,000 | 11,438,000 | 15,469,000 |
| Provision for loan losses | 1,436,000 | 2,499,000 | 3,281,000 | 3,782,000 |
| Pretax income | 1,313,000 | 3,261,000 | 5,949,000 | 10,813,000 |
| Income tax | 342,000 | 877,000 | 1,505,000 | 2,731,000 |
| Net income | 971,000 | 2,384,000 | 4,444,000 | 8,082,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Tier 1 capital | 47,919,000 | 57,390,000 | 59,537,000 | 63,117,000 |