Call reports 2013
SUMMIT BANK — 2013
What SUMMIT BANK reported to the FFIEC in 2013, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2013Q1 | 2013Q2 | 2013Q3 | 2013Q4 |
|---|---|---|---|---|
| Total assets | 187,785,000 | 187,321,000 | 193,741,000 | 190,108,000 |
| Total loans | 110,189,000 | 113,152,000 | 115,796,000 | 116,726,000 |
| Allowance for loan losses | 3,186,000 | 3,244,000 | 3,243,000 | 3,238,000 |
| Securities available for sale | 0 | 0 | 0 | 0 |
| Securities held to maturity | 400,000 | 399,000 | 400,000 | 400,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 164,513,000 | 163,632,000 | 169,712,000 | 165,538,000 |
| Interest-bearing deposits | 104,178,000 | 99,351,000 | 101,728,000 | 100,433,000 |
| Noninterest-bearing deposits | 60,335,000 | 64,281,000 | 67,984,000 | 65,105,000 |
| Equity capital | 20,402,000 | 20,822,000 | 21,093,000 | 21,491,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2013Q1 | 2013Q2 | 2013Q3 | 2013Q4 |
|---|---|---|---|---|
| Interest income | 1,747,000 | 3,537,000 | 5,285,000 | 7,095,000 |
| Interest expense | 107,000 | 215,000 | 323,000 | 442,000 |
| Net interest income | 1,640,000 | 3,322,000 | 4,962,000 | 6,653,000 |
| Noninterest income | 218,000 | 598,000 | 812,000 | 1,039,000 |
| Noninterest expense | 1,353,000 | 2,642,000 | 4,005,000 | 5,276,000 |
| Provision for loan losses | 75,000 | 150,000 | 200,000 | 200,000 |
| Pretax income | 430,000 | 1,128,000 | 1,569,000 | 2,216,000 |
| Income tax | 168,000 | 446,000 | 616,000 | 865,000 |
| Net income | 262,000 | 682,000 | 953,000 | 1,351,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2013Q1 | 2013Q2 | 2013Q3 | 2013Q4 |
|---|---|---|---|---|
| Tier 1 capital | 20,402,000 | 20,822,000 | 20,786,000 | 21,224,000 |
| Total capital | 22,097,000 | 22,503,000 | 22,514,000 | 22,943,000 |
| Risk-weighted assets | 134,099,000 | 132,854,000 | 136,683,000 | 135,995,000 |