Call reports 2007
SUMMIT COMMUNITY BANK — 2007
What SUMMIT COMMUNITY BANK reported to the FFIEC in 2007, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2007Q2 | 2007Q3 | 2007Q4 |
|---|---|---|---|
| Total assets | 15,630,000 | 22,351,000 | 29,483,000 |
| Total loans | 12,815,000 | 20,068,000 | 28,405,000 |
| Allowance for loan losses | 40,000 | 100,000 | 160,000 |
| Securities available for sale | 0 | 0 | 0 |
| Securities held to maturity | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 |
| Total deposits | 7,660,000 | 14,324,000 | 20,058,000 |
| Interest-bearing deposits | 5,519,000 | 13,334,000 | 13,517,000 |
| Noninterest-bearing deposits | 2,142,000 | 990,000 | 6,541,000 |
| Equity capital | 7,952,000 | 7,963,000 | 8,015,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2007Q2 | 2007Q3 | 2007Q4 |
|---|---|---|---|
| Interest income | 227,000 | 660,000 | 1,287,000 |
| Interest expense | 28,000 | 128,000 | 303,000 |
| Net interest income | 199,000 | 532,000 | 984,000 |
| Noninterest income | 5,000 | 6,000 | 17,000 |
| Noninterest expense | 212,000 | 475,000 | 826,000 |
| Provision for loan losses | 40,000 | 100,000 | 160,000 |
| Pretax income | -48,000 | -37,000 | 15,000 |
| Income tax | 0 | 0 | 0 |
| Net income | -48,000 | -37,000 | 15,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2007Q2 | 2007Q3 | 2007Q4 |
|---|---|---|---|
| Tier 1 capital | 7,952,000 | 7,963,000 | 8,015,000 |
| Total capital | 7,992,000 | 8,063,000 | 8,175,000 |
| Risk-weighted assets | 14,257,000 | 22,044,000 | 30,510,000 |