Call reports 2008
SUMMIT BANK — 2008
What SUMMIT BANK reported to the FFIEC in 2008, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Total assets | 87,682,000 | 95,415,000 | 93,259,000 | 96,185,000 |
| Total loans | 82,032,000 | 84,623,000 | 85,377,000 | 84,305,000 |
| Allowance for loan losses | 780,000 | 847,000 | 900,000 | 1,470,000 |
| Securities available for sale | 0 | 0 | 0 | 0 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 79,074,000 | 84,859,000 | 78,429,000 | 84,053,000 |
| Interest-bearing deposits | 68,658,000 | 73,723,000 | 69,910,000 | 75,207,000 |
| Noninterest-bearing deposits | 10,416,000 | 11,137,000 | 8,520,000 | 8,846,000 |
| Equity capital | 8,272,000 | 8,224,000 | 8,471,000 | 7,838,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Interest income | 1,501,000 | 2,990,000 | 4,494,000 | 5,938,000 |
| Interest expense | 673,000 | 1,283,000 | 1,831,000 | 2,435,000 |
| Net interest income | 828,000 | 1,707,000 | 2,663,000 | 3,503,000 |
| Noninterest income | 144,000 | 309,000 | 447,000 | 588,000 |
| Noninterest expense | 838,000 | 1,729,000 | 2,646,000 | 3,499,000 |
| Provision for loan losses | 51,000 | 231,000 | 1,061,000 | 1,761,000 |
| Pretax income | 83,000 | 56,000 | -597,000 | -1,169,000 |
| Income tax | 0 | 21,000 | 21,000 | 209,000 |
| Net income | 83,000 | 35,000 | -618,000 | -1,378,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Tier 1 capital | 8,272,000 | 8,224,000 | 8,471,000 | 7,838,000 |
| Total capital | 9,066,000 | 9,085,000 | 9,385,000 | 8,931,000 |
| Risk-weighted assets | 84,196,000 | 90,580,000 | 89,696,000 | 87,096,000 |