Call reports 2011
SUMMIT COMMUNITY BANK — 2011
What SUMMIT COMMUNITY BANK reported to the FFIEC in 2011, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2011Q1 | 2011Q2 | 2011Q3 | 2011Q4 |
|---|---|---|---|---|
| Total assets | 64,174,000 | 64,300,000 | 62,826,000 | 61,940,000 |
| Total loans | 43,147,000 | 43,628,000 | 42,024,000 | 42,190,000 |
| Allowance for loan losses | 874,000 | 735,000 | 661,000 | 741,000 |
| Securities available for sale | 6,035,000 | 6,273,000 | 6,483,000 | 6,530,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 52,501,000 | 52,250,000 | 50,289,000 | 49,121,000 |
| Interest-bearing deposits | 47,536,000 | 46,466,000 | 43,796,000 | 41,059,000 |
| Noninterest-bearing deposits | 4,965,000 | 5,784,000 | 6,493,000 | 8,062,000 |
| Equity capital | 8,550,000 | 8,951,000 | 9,349,000 | 9,679,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2011Q1 | 2011Q2 | 2011Q3 | 2011Q4 |
|---|---|---|---|---|
| Interest income | 789,000 | 1,518,000 | 2,321,000 | 3,089,000 |
| Interest expense | 169,000 | 329,000 | 478,000 | 602,000 |
| Net interest income | 620,000 | 1,189,000 | 1,843,000 | 2,487,000 |
| Noninterest income | 12,000 | 24,000 | 7,000 | 39,000 |
| Noninterest expense | 401,000 | 759,000 | 1,148,000 | 1,478,000 |
| Provision for loan losses | 62,000 | 125,000 | 187,000 | 250,000 |
| Pretax income | 169,000 | 329,000 | 515,000 | 798,000 |
| Income tax | 0 | 0 | 0 | 0 |
| Net income | 169,000 | 329,000 | 515,000 | 798,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2011Q1 | 2011Q2 | 2011Q3 | 2011Q4 |
|---|---|---|---|---|
| Tier 1 capital | 8,565,000 | 8,725,000 | 8,912,000 | 9,194,000 |
| Total capital | 9,143,000 | 9,308,000 | 9,474,000 | 9,740,000 |
| Risk-weighted assets | 45,978,000 | 46,498,000 | 44,886,000 | 43,469,000 |