Call reports 2002
1ST SUMMIT BANK — 2002
What 1ST SUMMIT BANK reported to the FFIEC in 2002, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2002Q1 | 2002Q2 | 2002Q3 | 2002Q4 |
|---|---|---|---|---|
| Total assets | 256,843,000 | 282,060,000 | 282,658,000 | 296,733,000 |
| Total loans | 165,622,000 | 169,754,000 | 167,783,000 | 172,033,000 |
| Allowance for loan losses | 1,844,000 | 1,957,000 | 2,024,000 | 2,117,000 |
| Securities available for sale | 70,289,000 | 77,732,000 | 88,283,000 | 96,442,000 |
| Securities held to maturity | 8,390,000 | 7,964,000 | 8,459,000 | 8,325,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 216,710,000 | 240,864,000 | 239,154,000 | 252,787,000 |
| Interest-bearing deposits | 201,554,000 | 218,879,000 | 223,570,000 | 233,579,000 |
| Noninterest-bearing deposits | 15,156,000 | 21,985,000 | 15,584,000 | 19,208,000 |
| Equity capital | 20,193,000 | 21,490,000 | 23,165,000 | 23,439,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2002Q1 | 2002Q2 | 2002Q3 | 2002Q4 |
|---|---|---|---|---|
| Interest income | 4,238,000 | 8,620,000 | 13,052,000 | 17,566,000 |
| Interest expense | 1,981,000 | 3,963,000 | 5,966,000 | 7,998,000 |
| Net interest income | 2,257,000 | 4,657,000 | 7,086,000 | 9,568,000 |
| Noninterest income | 435,000 | 1,022,000 | 1,657,000 | 2,312,000 |
| Noninterest expense | 1,703,000 | 3,547,000 | 5,395,000 | 7,357,000 |
| Provision for loan losses | 120,000 | 333,000 | 515,000 | 770,000 |
| Pretax income | 942,000 | 1,873,000 | 2,908,000 | 3,840,000 |
| Income tax | 229,000 | 472,000 | 707,000 | 998,000 |
| Net income | 713,000 | 1,401,000 | 2,201,000 | 2,842,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2002Q1 | 2002Q2 | 2002Q3 | 2002Q4 |
|---|---|---|---|---|
| Tier 1 capital | 19,660,000 | 19,970,000 | 20,744,000 | 21,019,000 |
| Total capital | 21,544,000 | 21,968,000 | 22,782,000 | 24,149,000 |
| Risk-weighted assets | 164,310,000 | 170,613,000 | 170,462,000 | 176,286,000 |