Call reports 2023
1ST SUMMIT BANK — 2023
What 1ST SUMMIT BANK reported to the FFIEC in 2023, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Total assets | 1,336,437,000 | 1,351,272,000 | 1,336,578,000 | 1,361,865,000 |
| Total loans | 726,118,000 | 753,293,000 | 757,804,000 | 762,411,000 |
| Allowance for loan losses | 7,828,000 | 7,966,000 | 7,979,000 | 7,871,000 |
| Securities available for sale | 297,121,000 | 287,019,000 | 269,462,000 | 288,127,000 |
| Securities held to maturity | 246,313,000 | 241,050,000 | 235,623,000 | 236,798,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 1,151,876,000 | 1,154,720,000 | 1,174,555,000 | 1,187,524,000 |
| Interest-bearing deposits | 1,021,313,000 | 1,026,396,000 | 1,048,816,000 | 1,064,994,000 |
| Noninterest-bearing deposits | 130,563,000 | 128,324,000 | 125,739,000 | 122,530,000 |
| Equity capital | 99,316,000 | 94,771,000 | 83,807,000 | 97,134,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Interest income | 11,937,000 | 24,317,000 | 36,954,000 | 49,934,000 |
| Interest expense | 4,451,000 | 10,230,000 | 16,999,000 | 24,478,000 |
| Net interest income | 7,486,000 | 14,087,000 | 19,955,000 | 25,456,000 |
| Noninterest income | 2,146,000 | 4,255,000 | 6,078,000 | 7,984,000 |
| Noninterest expense | 7,165,000 | 14,428,000 | 21,877,000 | 29,437,000 |
| Provision for loan losses | 150,000 | 341,000 | 554,000 | 700,000 |
| Pretax income | 2,044,000 | 3,176,000 | 3,131,000 | 3,344,000 |
| Income tax | 75,000 | 110,000 | -256,000 | -536,000 |
| Net income | 1,969,000 | 3,066,000 | 3,387,000 | 3,880,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Tier 1 capital | 125,782,000 | 125,937,000 | 125,317,000 | 124,867,000 |
| Total capital | 133,610,000 | 133,903,000 | 133,296,000 | 132,738,000 |
| Risk-weighted assets | 794,644,000 | 811,278,000 | 811,795,000 | 816,391,000 |