Call reports 2006
SUMMIT BANK — 2006
What SUMMIT BANK reported to the FFIEC in 2006, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2006Q1 | 2006Q2 | 2006Q3 | 2006Q4 |
|---|---|---|---|---|
| Total assets | 53,496,000 | 57,737,000 | 58,409,000 | 61,006,000 |
| Total loans | 45,971,000 | 49,650,000 | 50,635,000 | 50,554,000 |
| Allowance for loan losses | 424,000 | 486,000 | 498,000 | 499,000 |
| Securities available for sale | 0 | 0 | 0 | 0 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 46,141,000 | 49,162,000 | 50,586,000 | 52,799,000 |
| Interest-bearing deposits | 38,608,000 | 41,934,000 | 43,587,000 | 46,596,000 |
| Noninterest-bearing deposits | 7,533,000 | 7,227,000 | 6,999,000 | 6,203,000 |
| Equity capital | 7,260,000 | 7,460,000 | 7,710,000 | 8,061,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2006Q1 | 2006Q2 | 2006Q3 | 2006Q4 |
|---|---|---|---|---|
| Interest income | 904,000 | 1,942,000 | 3,041,000 | 4,161,000 |
| Interest expense | 308,000 | 685,000 | 1,099,000 | 1,550,000 |
| Net interest income | 596,000 | 1,257,000 | 1,942,000 | 2,611,000 |
| Noninterest income | 137,000 | 349,000 | 511,000 | 641,000 |
| Noninterest expense | 504,000 | 1,114,000 | 1,700,000 | 2,397,000 |
| Provision for loan losses | 19,000 | 81,000 | 93,000 | 94,000 |
| Pretax income | 210,000 | 411,000 | 660,000 | 761,000 |
| Income tax | 0 | 0 | 0 | -250,000 |
| Net income | 210,000 | 411,000 | 660,000 | 1,011,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2006Q1 | 2006Q2 | 2006Q3 | 2006Q4 |
|---|---|---|---|---|
| Tier 1 capital | 7,260,000 | 7,460,000 | 7,710,000 | 8,061,000 |
| Total capital | 7,695,000 | 7,956,000 | 8,219,000 | 8,571,000 |
| Risk-weighted assets | 47,229,000 | 50,714,000 | 51,770,000 | 52,681,000 |