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 | 178,797,000 | 185,743,000 | 190,351,000 | 184,632,000 |
| Total loans | 117,048,000 | 118,898,000 | 124,151,000 | 125,755,000 |
| Allowance for loan losses | 2,574,000 | 2,685,000 | 2,912,000 | 2,731,000 |
| Securities available for sale | 0 | 0 | 0 | 0 |
| Securities held to maturity | 723,000 | 720,000 | 771,000 | 772,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 158,675,000 | 165,537,000 | 169,874,000 | 163,861,000 |
| Interest-bearing deposits | 104,578,000 | 102,649,000 | 107,182,000 | 103,140,000 |
| Noninterest-bearing deposits | 54,097,000 | 62,888,000 | 62,692,000 | 60,721,000 |
| Equity capital | 17,855,000 | 17,869,000 | 18,054,000 | 18,381,000 |
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 | 2,306,000 | 4,319,000 | 6,621,000 | 8,652,000 |
| Interest expense | 340,000 | 653,000 | 946,000 | 1,221,000 |
| Net interest income | 1,966,000 | 3,666,000 | 5,675,000 | 7,431,000 |
| Noninterest income | 175,000 | 347,000 | 526,000 | 708,000 |
| Noninterest expense | 1,293,000 | 2,768,000 | 4,187,000 | 5,532,000 |
| Provision for loan losses | 300,000 | 450,000 | 920,000 | 973,000 |
| Pretax income | 548,000 | 795,000 | 1,094,000 | 1,634,000 |
| Income tax | 206,000 | 303,000 | 417,000 | 630,000 |
| Net income | 342,000 | 492,000 | 677,000 | 1,004,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2010Q1 | 2010Q2 | 2010Q3 | 2010Q4 |
|---|---|---|---|---|
| Tier 1 capital | 17,855,000 | 17,869,000 | 17,815,000 | 18,142,000 |
| Total capital | 19,590,000 | 19,624,000 | 19,635,000 | 19,974,000 |
| Risk-weighted assets | 142,437,000 | 139,421,000 | 144,955,000 | 145,596,000 |