Call reports 2020
1ST SUMMIT BANK — 2020
What 1ST SUMMIT BANK reported to the FFIEC in 2020, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Total assets | 1,106,503,000 | 1,177,379,000 | 1,224,792,000 | 1,238,296,000 |
| Total loans | 574,096,000 | 622,764,000 | 630,105,000 | 640,565,000 |
| Allowance for loan losses | 5,579,000 | 5,882,000 | 5,768,000 | 6,205,000 |
| Securities available for sale | 268,403,000 | 280,253,000 | 302,636,000 | 313,977,000 |
| Securities held to maturity | 214,527,000 | 218,990,000 | 234,917,000 | 232,983,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 946,956,000 | 1,022,508,000 | 1,076,554,000 | 1,088,409,000 |
| Interest-bearing deposits | 874,139,000 | 913,612,000 | 980,742,000 | 985,011,000 |
| Noninterest-bearing deposits | 72,817,000 | 108,896,000 | 95,812,000 | 103,398,000 |
| Equity capital | 106,124,000 | 118,716,000 | 119,123,000 | 120,967,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Interest income | 10,152,000 | 20,021,000 | 29,819,000 | 39,881,000 |
| Interest expense | 3,040,000 | 5,735,000 | 8,220,000 | 10,435,000 |
| Net interest income | 7,112,000 | 14,286,000 | 21,599,000 | 29,446,000 |
| Noninterest income | 1,317,000 | 2,436,000 | 3,775,000 | 5,136,000 |
| Noninterest expense | 5,652,000 | 11,195,000 | 17,200,000 | 23,153,000 |
| Provision for loan losses | 135,000 | 505,000 | 805,000 | 1,535,000 |
| Pretax income | 1,849,000 | 4,274,000 | 6,774,000 | 9,728,000 |
| Income tax | 108,000 | 233,000 | 570,000 | 906,000 |
| Net income | 1,741,000 | 4,041,000 | 6,204,000 | 8,822,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Tier 1 capital | 109,039,000 | 110,460,000 | 111,245,000 | 112,461,000 |
| Total capital | 115,818,000 | 117,542,000 | 118,213,000 | 119,466,000 |
| Risk-weighted assets | 617,469,000 | 620,673,000 | 636,431,000 | 660,106,000 |