Call reports 2003
SUMMIT BANK — 2003
What SUMMIT 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 | 11,121,000 | 23,549,000 | 22,520,000 | 22,589,000 |
| Total loans | 4,424,000 | 8,691,000 | 10,771,000 | 14,061,000 |
| Allowance for loan losses | 44,000 | 84,000 | 101,000 | 145,000 |
| Securities available for sale | 0 | 0 | 0 | 0 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 6,622,000 | 19,622,000 | 18,327,000 | 18,561,000 |
| Interest-bearing deposits | 5,010,000 | 16,346,000 | 16,132,000 | 15,876,000 |
| Noninterest-bearing deposits | 1,612,000 | 3,276,000 | 2,195,000 | 2,685,000 |
| Equity capital | 4,496,000 | 3,915,000 | 4,186,000 | 4,020,000 |
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 | 47,000 | 182,000 | 365,000 | 589,000 |
| Interest expense | 20,000 | 58,000 | 110,000 | 159,000 |
| Net interest income | 27,000 | 124,000 | 255,000 | 430,000 |
| Noninterest income | 24,000 | 62,000 | 110,000 | 171,000 |
| Noninterest expense | 299,000 | 583,000 | 865,000 | 1,223,000 |
| Provision for loan losses | 38,000 | 78,000 | 95,000 | 139,000 |
| Pretax income | -286,000 | -475,000 | -595,000 | -761,000 |
| Income tax | 0 | 0 | 0 | 0 |
| Net income | -286,000 | -475,000 | -595,000 | -761,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2003Q1 | 2003Q2 | 2003Q3 | 2003Q4 |
|---|---|---|---|---|
| Tier 1 capital | 4,496,000 | 3,915,000 | 4,186,000 | 4,020,000 |
| Total capital | 4,540,000 | 3,999,000 | 4,287,000 | 4,165,000 |
| Risk-weighted assets | 6,073,000 | 11,952,000 | 13,406,000 | 16,203,000 |