Call reports 2007
SUMMIT BANK — 2007
What SUMMIT BANK reported to the FFIEC in 2007, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2007Q1 | 2007Q2 | 2007Q3 | 2007Q4 |
|---|---|---|---|---|
| Total assets | 65,172,000 | 69,647,000 | 77,681,000 | 82,859,000 |
| Total loans | 55,358,000 | 61,519,000 | 69,644,000 | 75,892,000 |
| Allowance for loan losses | 542,000 | 593,000 | 643,000 | 729,000 |
| Securities available for sale | 0 | 0 | 0 | 0 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 56,920,000 | 57,363,000 | 69,373,000 | 70,396,000 |
| Interest-bearing deposits | 47,137,000 | 48,016,000 | 57,486,000 | 60,807,000 |
| Noninterest-bearing deposits | 9,783,000 | 9,347,000 | 11,887,000 | 9,589,000 |
| Equity capital | 8,111,000 | 8,137,000 | 8,124,000 | 8,232,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2007Q1 | 2007Q2 | 2007Q3 | 2007Q4 |
|---|---|---|---|---|
| Interest income | 1,176,000 | 2,408,000 | 3,789,000 | 5,311,000 |
| Interest expense | 479,000 | 958,000 | 1,552,000 | 2,180,000 |
| Net interest income | 697,000 | 1,450,000 | 2,237,000 | 3,131,000 |
| Noninterest income | 106,000 | 236,000 | 355,000 | 500,000 |
| Noninterest expense | 708,000 | 1,513,000 | 2,360,000 | 3,197,000 |
| Provision for loan losses | 46,000 | 97,000 | 169,000 | 263,000 |
| Pretax income | 49,000 | 76,000 | 63,000 | 171,000 |
| Income tax | 0 | 0 | 0 | 0 |
| Net income | 49,000 | 76,000 | 63,000 | 171,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2007Q1 | 2007Q2 | 2007Q3 | 2007Q4 |
|---|---|---|---|---|
| Tier 1 capital | 8,111,000 | 8,137,000 | 8,124,000 | 8,232,000 |
| Total capital | 8,667,000 | 8,744,000 | 8,781,000 | 8,975,000 |
| Risk-weighted assets | 57,304,000 | 63,652,000 | 71,723,000 | 78,121,000 |