Call reports 2024
1ST SUMMIT BANK — 2024
What 1ST SUMMIT BANK reported to the FFIEC in 2024, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Total assets | 1,358,449,000 | 1,355,516,000 | 1,354,066,000 | 1,409,626,000 |
| Total loans | 764,739,000 | 770,460,000 | 767,600,000 | 782,768,000 |
| Allowance for loan losses | 7,835,000 | 8,431,000 | 7,629,000 | 7,160,000 |
| Securities available for sale | 290,249,000 | 283,038,000 | 265,177,000 | 326,967,000 |
| Securities held to maturity | 232,084,000 | 227,292,000 | 222,077,000 | 216,894,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 1,199,779,000 | 1,201,819,000 | 1,209,848,000 | 1,207,480,000 |
| Interest-bearing deposits | 1,074,716,000 | 1,083,123,000 | 1,090,243,000 | 1,086,133,000 |
| Noninterest-bearing deposits | 125,063,000 | 118,696,000 | 119,605,000 | 121,347,000 |
| Equity capital | 94,248,000 | 92,273,000 | 99,311,000 | 92,524,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Interest income | 13,377,000 | 26,817,000 | 40,670,000 | 54,639,000 |
| Interest expense | 7,913,000 | 15,824,000 | 24,035,000 | 31,930,000 |
| Net interest income | 5,464,000 | 10,993,000 | 16,635,000 | 22,709,000 |
| Noninterest income | 1,861,000 | 4,145,000 | 6,397,000 | 12,127,000 |
| Noninterest expense | 8,073,000 | 15,382,000 | 23,375,000 | 31,243,000 |
| Provision for loan losses | 0 | 362,000 | -42,000 | 86,000 |
| Pretax income | -940,000 | -876,000 | -638,000 | 3,173,000 |
| Income tax | -343,000 | -761,000 | -984,000 | -425,000 |
| Net income | -597,000 | -115,000 | 346,000 | 3,598,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Tier 1 capital | 123,329,000 | 122,870,000 | 122,389,000 | 124,711,000 |
| Total capital | 131,164,000 | 131,301,000 | 130,060,000 | 132,242,000 |
| Risk-weighted assets | 812,703,000 | 810,604,000 | 799,717,000 | 836,327,000 |
Machine access — free, no API key
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