Call reports 2024
SUMMIT BANK — 2024
What SUMMIT BANK reported to the FFIEC in 2024, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Total assets | 1,146,060,000 | 1,149,214,000 | 1,271,687,000 | 1,253,397,000 |
| Total loans | 982,638,000 | 1,012,462,000 | 1,031,276,000 | 1,055,475,000 |
| Allowance for loan losses | 12,053,000 | 12,131,000 | 12,026,000 | 12,576,000 |
| Securities available for sale | 55,909,000 | 50,617,000 | 51,144,000 | 44,474,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 1,022,791,000 | 1,021,834,000 | 1,137,140,000 | 1,113,910,000 |
| Interest-bearing deposits | 844,512,000 | 864,805,000 | 951,924,000 | 939,927,000 |
| Noninterest-bearing deposits | 178,279,000 | 157,029,000 | 185,216,000 | 173,983,000 |
| Equity capital | 114,781,000 | 117,888,000 | 122,105,000 | 125,407,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Interest income | 17,995,000 | 37,009,000 | 57,461,000 | 78,191,000 |
| Interest expense | 5,723,000 | 12,309,000 | 19,637,000 | 26,571,000 |
| Net interest income | 12,272,000 | 24,700,000 | 37,824,000 | 51,620,000 |
| Noninterest income | 194,000 | 449,000 | 537,000 | 655,000 |
| Noninterest expense | 6,916,000 | 14,255,000 | 21,562,000 | 29,415,000 |
| Provision for loan losses | 2,264,000 | 4,237,000 | 5,630,000 | 7,812,000 |
| Pretax income | 3,533,000 | 7,042,000 | 11,516,000 | 15,468,000 |
| Income tax | 927,000 | 1,862,000 | 3,042,000 | 3,835,000 |
| Net income | 2,606,000 | 5,180,000 | 8,474,000 | 11,633,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Tier 1 capital | 117,510,000 | 120,237,000 | 123,695,000 | 126,978,000 |
| Total capital | 129,778,000 | — | — | — |
| Risk-weighted assets | 1,044,622,000 | — | — | — |