Call reports 2003
SUMMIT NATIONAL BANK — 2003
What SUMMIT NATIONAL BANK reported to the FFIEC in 2003, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2003Q1 | 2003Q2 | 2003Q3 | 2003Q4 |
|---|---|---|---|---|
| Total assets | 319,031,000 | 320,471,000 | 322,210,000 | 341,033,000 |
| Total loans | 216,829,000 | 219,655,000 | 220,743,000 | 229,176,000 |
| Allowance for loan losses | 3,301,000 | 3,393,000 | 3,282,000 | 3,208,000 |
| Securities available for sale | 70,952,000 | 74,866,000 | 79,489,000 | 90,887,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 249,376,000 | 245,523,000 | 250,438,000 | 258,859,000 |
| Interest-bearing deposits | 213,645,000 | 205,143,000 | 217,416,000 | 219,975,000 |
| Noninterest-bearing deposits | 35,731,000 | 40,380,000 | 33,022,000 | 38,884,000 |
| Equity capital | 25,504,000 | 27,041,000 | 26,616,000 | 27,382,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2003Q1 | 2003Q2 | 2003Q3 | 2003Q4 |
|---|---|---|---|---|
| Interest income | 3,844,000 | 7,835,000 | 11,655,000 | 15,642,000 |
| Interest expense | 1,368,000 | 2,731,000 | 3,938,000 | 5,156,000 |
| Net interest income | 2,476,000 | 5,104,000 | 7,717,000 | 10,486,000 |
| Noninterest income | 511,000 | 1,121,000 | 1,798,000 | 2,287,000 |
| Noninterest expense | 1,860,000 | 3,663,000 | 5,638,000 | 7,476,000 |
| Provision for loan losses | 110,000 | 270,000 | 300,000 | 450,000 |
| Pretax income | 1,191,000 | 2,647,000 | 3,944,000 | 5,214,000 |
| Income tax | 366,000 | 815,000 | 1,216,000 | 1,626,000 |
| Net income | 825,000 | 1,832,000 | 2,728,000 | 3,588,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2003Q1 | 2003Q2 | 2003Q3 | 2003Q4 |
|---|---|---|---|---|
| Tier 1 capital | 25,025,000 | 26,031,000 | 26,928,000 | 27,354,000 |
| Total capital | 27,988,000 | 29,026,000 | 29,943,000 | 30,522,000 |
| Risk-weighted assets | 236,690,000 | 239,164,000 | 240,958,000 | 253,362,000 |