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 | 185,365,000 | 181,381,000 | 189,337,000 | 181,289,000 |
| Total loans | 120,207,000 | 111,379,000 | 116,882,000 | 119,100,000 |
| Allowance for loan losses | 2,171,000 | 2,201,000 | 2,201,000 | 2,201,000 |
| Securities available for sale | 0 | 0 | 0 | 0 |
| Securities held to maturity | 1,554,000 | 1,551,000 | 1,554,000 | 1,572,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 164,969,000 | 160,350,000 | 167,472,000 | 161,448,000 |
| Interest-bearing deposits | 108,024,000 | 106,423,000 | 111,562,000 | 108,464,000 |
| Noninterest-bearing deposits | 56,945,000 | 53,927,000 | 55,910,000 | 52,984,000 |
| Equity capital | 17,290,000 | 18,169,000 | 19,070,000 | 16,951,000 |
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 | 3,613,000 | 7,084,000 | 10,637,000 | 14,058,000 |
| Interest expense | 821,000 | 1,626,000 | 2,506,000 | 3,392,000 |
| Net interest income | 2,792,000 | 5,458,000 | 8,131,000 | 10,666,000 |
| Noninterest income | 132,000 | 273,000 | 412,000 | 563,000 |
| Noninterest expense | 1,314,000 | 2,671,000 | 4,058,000 | 5,372,000 |
| Provision for loan losses | 45,000 | 75,000 | 75,000 | 75,000 |
| Pretax income | 1,565,000 | 2,985,000 | 4,410,000 | 5,782,000 |
| Income tax | 614,000 | 1,155,000 | 1,679,000 | 2,170,000 |
| Net income | 951,000 | 1,830,000 | 2,731,000 | 3,612,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2007Q1 | 2007Q2 | 2007Q3 | 2007Q4 |
|---|---|---|---|---|
| Tier 1 capital | 17,290,000 | 18,169,000 | 19,070,000 | 16,951,000 |
| Total capital | 19,138,000 | 19,921,000 | 20,892,000 | 18,747,000 |
| Risk-weighted assets | 147,480,000 | 139,646,000 | 145,341,000 | 143,244,000 |