Call reports 2010
SUMMIT BANK — 2010
What SUMMIT BANK reported to the FFIEC in 2010, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2010Q1 | 2010Q2 | 2010Q3 | 2010Q4 |
|---|---|---|---|---|
| Total assets | 93,109,000 | 92,864,000 | 86,988,000 | 80,829,000 |
| Total loans | 72,308,000 | 70,129,000 | 66,562,000 | 63,978,000 |
| Allowance for loan losses | 2,536,000 | 2,891,000 | 2,623,000 | 3,510,000 |
| Securities available for sale | 0 | 1,064,000 | 8,211,000 | 7,677,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 85,133,000 | 85,333,000 | 81,170,000 | 76,098,000 |
| Interest-bearing deposits | 75,399,000 | 75,523,000 | 72,271,000 | 68,250,000 |
| Noninterest-bearing deposits | 9,735,000 | 9,810,000 | 8,898,000 | 7,848,000 |
| Equity capital | 5,819,000 | 5,374,000 | 3,658,000 | 2,582,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2010Q1 | 2010Q2 | 2010Q3 | 2010Q4 |
|---|---|---|---|---|
| Interest income | 1,087,000 | 2,156,000 | 3,161,000 | 4,188,000 |
| Interest expense | 241,000 | 471,000 | 686,000 | 883,000 |
| Net interest income | 846,000 | 1,685,000 | 2,475,000 | 3,305,000 |
| Noninterest income | 90,000 | 240,000 | 321,000 | 406,000 |
| Noninterest expense | 1,025,000 | 1,850,000 | 3,201,000 | 4,298,000 |
| Provision for loan losses | 25,000 | 656,000 | 1,876,000 | 2,763,000 |
| Pretax income | -114,000 | -581,000 | -2,227,000 | -3,296,000 |
| Income tax | 0 | 0 | 0 | 0 |
| Net income | -114,000 | -581,000 | -2,227,000 | -3,296,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2010Q1 | 2010Q2 | 2010Q3 | 2010Q4 |
|---|---|---|---|---|
| Tier 1 capital | 5,819,000 | 5,352,000 | 3,705,000 | 2,636,000 |
| Total capital | 6,781,000 | 6,275,000 | 4,603,000 | 3,493,000 |
| Risk-weighted assets | 75,379,000 | 71,891,000 | 70,169,000 | 65,899,000 |