Call reports 2022
SUMMIT BANK — 2022
What SUMMIT BANK reported to the FFIEC in 2022, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2022Q1 | 2022Q2 | 2022Q3 | 2022Q4 |
|---|---|---|---|---|
| Total assets | 926,476,000 | 960,204,000 | 971,892,000 | 965,156,000 |
| Total loans | 647,628,000 | 669,868,000 | 719,556,000 | 751,810,000 |
| Allowance for loan losses | 9,882,000 | 10,475,000 | 11,256,000 | 11,665,000 |
| Securities available for sale | 63,733,000 | 66,279,000 | 63,509,000 | 62,960,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 830,429,000 | 860,821,000 | 869,046,000 | 857,159,000 |
| Interest-bearing deposits | 620,464,000 | 633,383,000 | 656,303,000 | 675,670,000 |
| Noninterest-bearing deposits | 209,966,000 | 227,437,000 | 212,742,000 | 181,489,000 |
| Equity capital | 89,665,000 | 93,003,000 | 95,744,000 | 100,248,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2022Q1 | 2022Q2 | 2022Q3 | 2022Q4 |
|---|---|---|---|---|
| Interest income | 9,123,000 | 19,442,000 | 31,404,000 | 45,450,000 |
| Interest expense | 131,000 | 388,000 | 1,393,000 | 3,515,000 |
| Net interest income | 8,992,000 | 19,054,000 | 30,011,000 | 41,935,000 |
| Noninterest income | 658,000 | 1,387,000 | 2,048,000 | 2,710,000 |
| Noninterest expense | 5,018,000 | 10,230,000 | 15,475,000 | 21,228,000 |
| Provision for loan losses | 700,000 | 1,546,000 | 2,922,000 | 4,661,000 |
| Pretax income | 3,932,000 | 8,665,000 | 13,662,000 | 18,756,000 |
| Income tax | 1,016,000 | 2,238,000 | 3,545,000 | 4,662,000 |
| Net income | 2,916,000 | 6,427,000 | 10,117,000 | 14,094,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2022Q1 | 2022Q2 | 2022Q3 | 2022Q4 |
|---|---|---|---|---|
| Tier 1 capital | 92,759,000 | 96,532,000 | 100,324,000 | 104,419,000 |