Call reports 2008
SUMMIT COMMUNITY BANK — 2008
What SUMMIT COMMUNITY BANK reported to the FFIEC in 2008, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Total assets | 34,282,000 | 45,348,000 | 54,750,000 | 51,449,000 |
| Total loans | 32,698,000 | 41,842,000 | 52,326,000 | 49,098,000 |
| Allowance for loan losses | 220,000 | 280,000 | 300,000 | 720,000 |
| Securities available for sale | 0 | 0 | 0 | 0 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 22,987,000 | 32,694,000 | 37,190,000 | 33,790,000 |
| Interest-bearing deposits | 18,750,000 | 27,276,000 | 31,278,000 | 25,687,000 |
| Noninterest-bearing deposits | 4,238,000 | 5,418,000 | 5,912,000 | 8,103,000 |
| Equity capital | 8,059,000 | 8,160,000 | 8,262,000 | 8,045,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Interest income | 624,000 | 1,303,000 | 2,072,000 | 2,800,000 |
| Interest expense | 206,000 | 447,000 | 739,000 | 999,000 |
| Net interest income | 418,000 | 856,000 | 1,333,000 | 1,801,000 |
| Noninterest income | 17,000 | 34,000 | 55,000 | 78,000 |
| Noninterest expense | 331,000 | 625,000 | 961,000 | 1,249,000 |
| Provision for loan losses | 60,000 | 120,000 | 180,000 | 600,000 |
| Pretax income | 44,000 | 145,000 | 247,000 | 30,000 |
| Income tax | 0 | 0 | 0 | 0 |
| Net income | 44,000 | 145,000 | 247,000 | 30,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Tier 1 capital | 8,059,000 | 8,160,000 | 8,262,000 | 8,045,000 |
| Total capital | 8,279,000 | 8,440,000 | 8,562,000 | 8,643,000 |
| Risk-weighted assets | 33,997,000 | 41,117,000 | 50,428,000 | 47,072,000 |