Call reports 2023
SUMMIT BANK — 2023
What SUMMIT BANK reported to the FFIEC in 2023, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Total assets | 1,076,187,000 | 1,025,143,000 | 1,062,616,000 | 1,075,242,000 |
| Total loans | 774,677,000 | 832,247,000 | 887,534,000 | 927,471,000 |
| Allowance for loan losses | 12,046,000 | 12,098,000 | 12,059,000 | 12,309,000 |
| Securities available for sale | 63,217,000 | 60,949,000 | 59,847,000 | 56,762,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 938,405,000 | 867,459,000 | 908,003,000 | 916,967,000 |
| Interest-bearing deposits | 750,056,000 | 695,849,000 | 724,675,000 | 741,226,000 |
| Noninterest-bearing deposits | 188,350,000 | 171,610,000 | 183,329,000 | 175,742,000 |
| Equity capital | 103,701,000 | 106,068,000 | 108,575,000 | 112,017,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Interest income | 14,819,000 | 30,713,000 | 47,603,000 | 65,222,000 |
| Interest expense | 3,704,000 | 8,189,000 | 12,895,000 | 18,057,000 |
| Net interest income | 11,115,000 | 22,524,000 | 34,708,000 | 47,165,000 |
| Noninterest income | 417,000 | 540,000 | 729,000 | 464,000 |
| Noninterest expense | 6,223,000 | 12,432,000 | 19,000,000 | 25,654,000 |
| Provision for loan losses | 1,973,000 | 3,754,000 | 6,082,000 | 8,754,000 |
| Pretax income | 3,336,000 | 6,878,000 | 10,355,000 | 13,221,000 |
| Income tax | 873,000 | 1,808,000 | 2,715,000 | 3,563,000 |
| Net income | 2,463,000 | 5,070,000 | 7,640,000 | 9,658,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Tier 1 capital | 107,006,000 | 109,839,000 | 112,570,000 | 114,756,000 |
| Total capital | — | — | — | 127,274,000 |
| Risk-weighted assets | — | — | — | 1,001,211,000 |