Call reports 2004
SUMMIT BANK — 2004
What SUMMIT BANK reported to the FFIEC in 2004, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2004Q1 | 2004Q2 | 2004Q3 | 2004Q4 |
|---|---|---|---|---|
| Total assets | 146,163,000 | 149,002,000 | 154,316,000 | 168,870,000 |
| Total loans | 106,616,000 | 112,600,000 | 113,569,000 | 116,116,000 |
| Allowance for loan losses | 1,568,000 | 1,593,000 | 1,667,000 | 1,652,000 |
| Securities available for sale | 0 | 0 | 0 | 0 |
| Securities held to maturity | 1,504,000 | 1,499,000 | 1,500,000 | 1,505,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 127,866,000 | 129,518,000 | 134,233,000 | 150,359,000 |
| Interest-bearing deposits | 79,278,000 | 78,124,000 | 85,554,000 | 91,686,000 |
| Noninterest-bearing deposits | 48,588,000 | 51,394,000 | 48,679,000 | 58,673,000 |
| Equity capital | 13,662,000 | 14,000,000 | 14,402,000 | 13,758,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2004Q1 | 2004Q2 | 2004Q3 | 2004Q4 |
|---|---|---|---|---|
| Interest income | 1,962,000 | 3,924,000 | 6,107,000 | 8,487,000 |
| Interest expense | 190,000 | 372,000 | 593,000 | 878,000 |
| Net interest income | 1,772,000 | 3,552,000 | 5,514,000 | 7,609,000 |
| Noninterest income | 109,000 | 220,000 | 345,000 | 580,000 |
| Noninterest expense | 1,342,000 | 2,635,000 | 3,984,000 | 5,382,000 |
| Provision for loan losses | 0 | 15,000 | 80,000 | 155,000 |
| Pretax income | 539,000 | 1,122,000 | 1,795,000 | 2,652,000 |
| Income tax | 215,000 | 460,000 | 731,000 | 1,032,000 |
| Net income | 324,000 | 662,000 | 1,064,000 | 1,620,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2004Q1 | 2004Q2 | 2004Q3 | 2004Q4 |
|---|---|---|---|---|
| Tier 1 capital | 13,662,000 | 14,000,000 | 14,402,000 | 13,758,000 |
| Total capital | 15,255,000 | 15,608,000 | 16,089,000 | 15,435,000 |
| Risk-weighted assets | 128,228,000 | 128,619,000 | 134,162,000 | 140,359,000 |