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 | 181,215,000 | 184,638,000 | 185,855,000 | 180,336,000 |
| Total loans | 119,905,000 | 122,237,000 | 122,721,000 | 121,861,000 |
| Allowance for loan losses | 2,084,000 | 2,209,000 | 1,319,000 | 1,752,000 |
| Securities available for sale | 0 | 0 | 0 | 0 |
| Securities held to maturity | 1,576,000 | 1,590,000 | 1,589,000 | 1,598,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 163,144,000 | 166,176,000 | 167,285,000 | 161,781,000 |
| Interest-bearing deposits | 111,880,000 | 114,551,000 | 113,141,000 | 102,093,000 |
| Noninterest-bearing deposits | 51,264,000 | 51,625,000 | 54,144,000 | 59,688,000 |
| Equity capital | 15,166,000 | 15,607,000 | 15,766,000 | 15,785,000 |
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 | 3,004,000 | 5,642,000 | 8,215,000 | 10,681,000 |
| Interest expense | 785,000 | 1,464,000 | 2,097,000 | 2,674,000 |
| Net interest income | 2,219,000 | 4,178,000 | 6,118,000 | 8,007,000 |
| Noninterest income | 183,000 | 375,000 | 562,000 | 752,000 |
| Noninterest expense | 1,310,000 | 2,563,000 | 3,857,000 | 5,040,000 |
| Provision for loan losses | 115,000 | 315,000 | 930,000 | 1,844,000 |
| Pretax income | 977,000 | 1,675,000 | 1,893,000 | 1,875,000 |
| Income tax | 362,000 | 619,000 | 678,000 | 641,000 |
| Net income | 615,000 | 1,056,000 | 1,215,000 | 1,234,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Tier 1 capital | 15,166,000 | 15,607,000 | 15,766,000 | 15,785,000 |
| Total capital | 16,951,000 | 17,425,000 | 17,110,000 | 17,520,000 |
| Risk-weighted assets | 142,439,000 | 144,994,000 | 143,884,000 | 138,841,000 |
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