Call reports 2014
SUMMIT BANK — 2014
What SUMMIT BANK reported to the FFIEC in 2014, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2014Q1 | 2014Q2 | 2014Q3 | 2014Q4 |
|---|---|---|---|---|
| Total assets | 187,638,000 | 199,088,000 | 211,175,000 | 216,755,000 |
| Total loans | 118,138,000 | 113,395,000 | 116,084,000 | 123,057,000 |
| Allowance for loan losses | 3,341,000 | 3,464,000 | 3,680,000 | 3,680,000 |
| Securities available for sale | 0 | 0 | 0 | 0 |
| Securities held to maturity | 400,000 | 400,000 | 400,000 | 400,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 162,777,000 | 173,724,000 | 185,309,000 | 188,629,000 |
| Interest-bearing deposits | 96,265,000 | 98,133,000 | 109,851,000 | 109,281,000 |
| Noninterest-bearing deposits | 66,512,000 | 75,591,000 | 75,458,000 | 79,348,000 |
| Equity capital | 21,993,000 | 22,478,000 | 22,856,000 | 24,395,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2014Q1 | 2014Q2 | 2014Q3 | 2014Q4 |
|---|---|---|---|---|
| Interest income | 2,087,000 | 3,920,000 | 5,879,000 | 10,020,000 |
| Interest expense | 99,000 | 203,000 | 312,000 | 430,000 |
| Net interest income | 1,988,000 | 3,717,000 | 5,567,000 | 9,590,000 |
| Noninterest income | 221,000 | 639,000 | 850,000 | 1,061,000 |
| Noninterest expense | 1,386,000 | 2,733,000 | 4,155,000 | 5,792,000 |
| Provision for loan losses | 0 | 0 | 0 | 0 |
| Pretax income | 823,000 | 1,623,000 | 2,262,000 | 4,859,000 |
| Income tax | 321,000 | 636,000 | 897,000 | 1,956,000 |
| Net income | 502,000 | 987,000 | 1,365,000 | 2,903,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2014Q1 | 2014Q2 | 2014Q3 | 2014Q4 |
|---|---|---|---|---|
| Tier 1 capital | 21,790,000 | 22,324,000 | 22,739,000 | 24,395,000 |
| Total capital | 23,465,000 | 24,053,000 | 24,537,000 | 26,308,000 |
| Risk-weighted assets | 136,133,000 | 136,555,000 | 142,437,000 | 151,242,000 |