Call reports 2004
SUMMIT BANK — 2004
What SUMMIT BANK reported to the FFIEC in 2004, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2004Q1 | 2004Q2 | 2004Q3 | 2004Q4 |
|---|---|---|---|---|
| Total assets | 26,830,000 | 31,690,000 | 40,431,000 | 42,129,000 |
| Total loans | 17,654,000 | 22,923,000 | 29,128,000 | 30,036,000 |
| Allowance for loan losses | 179,000 | 207,000 | 294,000 | 304,000 |
| Securities available for sale | 0 | 0 | 0 | 0 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 22,978,000 | 24,834,000 | 33,727,000 | 35,426,000 |
| Interest-bearing deposits | 19,539,000 | 20,875,000 | 28,933,000 | 29,990,000 |
| Noninterest-bearing deposits | 3,439,000 | 3,959,000 | 4,794,000 | 5,436,000 |
| Equity capital | 3,840,000 | 6,833,000 | 6,674,000 | 6,642,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2004Q1 | 2004Q2 | 2004Q3 | 2004Q4 |
|---|---|---|---|---|
| Interest income | 286,000 | 577,000 | 1,017,000 | 1,563,000 |
| Interest expense | 64,000 | 144,000 | 263,000 | 420,000 |
| Net interest income | 222,000 | 433,000 | 754,000 | 1,143,000 |
| Noninterest income | 47,000 | 120,000 | 180,000 | 255,000 |
| Noninterest expense | 415,000 | 757,000 | 1,210,000 | 1,696,000 |
| Provision for loan losses | 34,000 | 62,000 | 149,000 | 159,000 |
| Pretax income | -180,000 | -266,000 | -425,000 | -457,000 |
| Income tax | 0 | 0 | 0 | 0 |
| Net income | -180,000 | -266,000 | -425,000 | -457,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2004Q1 | 2004Q2 | 2004Q3 | 2004Q4 |
|---|---|---|---|---|
| Tier 1 capital | 3,840,000 | 6,833,000 | 6,674,000 | 6,642,000 |
| Total capital | 4,019,000 | 7,040,000 | 6,968,000 | 6,946,000 |
| Risk-weighted assets | 18,877,000 | 24,049,000 | 31,567,000 | 32,670,000 |