Call reports 2021
SUMMIT BANK — 2021
What SUMMIT BANK reported to the FFIEC in 2021, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2021Q1 | 2021Q2 | 2021Q3 | 2021Q4 |
|---|---|---|---|---|
| Total assets | 775,787,000 | 811,291,000 | 912,854,000 | 898,010,000 |
| Total loans | 619,841,000 | 627,651,000 | 629,062,000 | 628,183,000 |
| Allowance for loan losses | 8,561,000 | 8,863,000 | 9,440,000 | 9,558,000 |
| Securities available for sale | 10,023,000 | 28,410,000 | 27,080,000 | 68,125,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 696,478,000 | 728,073,000 | 826,529,000 | 794,743,000 |
| Interest-bearing deposits | 521,182,000 | 536,662,000 | 603,498,000 | 577,945,000 |
| Noninterest-bearing deposits | 175,297,000 | 191,411,000 | 223,032,000 | 216,798,000 |
| Equity capital | 65,571,000 | 68,128,000 | 71,171,000 | 89,291,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2021Q1 | 2021Q2 | 2021Q3 | 2021Q4 |
|---|---|---|---|---|
| Interest income | 7,754,000 | 15,935,000 | 24,951,000 | 34,458,000 |
| Interest expense | 178,000 | 307,000 | 440,000 | 574,000 |
| Net interest income | 7,576,000 | 15,628,000 | 24,511,000 | 33,884,000 |
| Noninterest income | 392,000 | 858,000 | 1,340,000 | 1,902,000 |
| Noninterest expense | 4,128,000 | 8,702,000 | 13,381,000 | 18,870,000 |
| Provision for loan losses | 641,000 | 1,136,000 | 1,867,000 | 2,206,000 |
| Pretax income | 3,199,000 | 6,648,000 | 10,603,000 | 14,710,000 |
| Income tax | 824,000 | 1,714,000 | 2,747,000 | 3,736,000 |
| Net income | 2,375,000 | 4,934,000 | 7,856,000 | 10,974,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2021Q1 | 2021Q2 | 2021Q3 | 2021Q4 |
|---|---|---|---|---|
| Tier 1 capital | 65,573,000 | 68,207,000 | 71,240,000 | 89,601,000 |
| Total capital | — | — | 78,979,000 | — |
| Risk-weighted assets | — | — | 617,292,000 | — |