Call reports 2008
1ST SUMMIT BANK — 2008
What 1ST SUMMIT 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 | 488,318,000 | 499,588,000 | 503,484,000 | 511,038,000 |
| Total loans | 288,348,000 | 294,303,000 | 300,102,000 | 307,925,000 |
| Allowance for loan losses | 3,543,000 | 3,590,000 | 3,670,000 | 3,731,000 |
| Securities available for sale | 147,425,000 | 147,986,000 | 149,764,000 | 148,232,000 |
| Securities held to maturity | 25,048,000 | 26,896,000 | 27,684,000 | 28,245,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 408,729,000 | 413,529,000 | 427,865,000 | 431,810,000 |
| Interest-bearing deposits | 377,173,000 | 382,273,000 | 396,507,000 | 402,056,000 |
| Noninterest-bearing deposits | 31,556,000 | 31,256,000 | 31,357,000 | 29,754,000 |
| Equity capital | 37,760,000 | 34,888,000 | 37,597,000 | 39,227,000 |
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 | 6,911,000 | 13,814,000 | 20,889,000 | 28,014,000 |
| Interest expense | 3,761,000 | 7,271,000 | 10,607,000 | 13,807,000 |
| Net interest income | 3,150,000 | 6,543,000 | 10,282,000 | 14,207,000 |
| Noninterest income | 937,000 | 1,936,000 | 2,959,000 | 3,879,000 |
| Noninterest expense | 2,764,000 | 5,586,000 | 8,406,000 | 11,326,000 |
| Provision for loan losses | 99,000 | 198,000 | 348,000 | 520,000 |
| Pretax income | 1,462,000 | 2,954,000 | 4,685,000 | 6,345,000 |
| Income tax | 350,000 | 733,000 | 1,163,000 | 1,568,000 |
| Net income | 1,112,000 | 2,221,000 | 3,522,000 | 4,777,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Tier 1 capital | 37,061,000 | 37,117,000 | 38,469,000 | 38,910,000 |
| Total capital | 40,804,000 | 40,907,000 | 42,339,000 | 42,641,000 |
| Risk-weighted assets | 320,060,000 | 330,517,000 | 329,098,000 | 333,407,000 |