Call reports 2011
SUMMIT BANK — 2011
What SUMMIT BANK reported to the FFIEC in 2011, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2011Q1 | 2011Q2 |
|---|---|---|
| Total assets | 71,993,000 | 73,066,000 |
| Total loans | 59,468,000 | 57,176,000 |
| Allowance for loan losses | 3,417,000 | 3,417,000 |
| Securities available for sale | 7,249,000 | 5,458,000 |
| Securities held to maturity | 0 | 0 |
| Trading assets | 0 | 0 |
| Total deposits | 66,367,000 | 67,471,000 |
| Interest-bearing deposits | 59,234,000 | 61,723,000 |
| Noninterest-bearing deposits | 7,133,000 | 5,748,000 |
| Equity capital | 1,476,000 | 1,435,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2011Q1 | 2011Q2 |
|---|---|---|
| Interest income | 874,000 | 1,700,000 |
| Interest expense | 148,000 | 287,000 |
| Net interest income | 726,000 | 1,413,000 |
| Noninterest income | 112,000 | 191,000 |
| Noninterest expense | 920,000 | 1,767,000 |
| Provision for loan losses | 1,058,000 | 1,058,000 |
| Pretax income | -1,140,000 | -1,221,000 |
| Income tax | 0 | 0 |
| Net income | -1,140,000 | -1,221,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2011Q1 | 2011Q2 |
|---|---|---|
| Tier 1 capital | 1,496,000 | 1,416,000 |
| Total capital | 2,272,000 | 2,163,000 |
| Risk-weighted assets | 59,478,000 | 57,105,000 |