Call reports 2015
SUMMIT BANK — 2015
What SUMMIT BANK reported to the FFIEC in 2015, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2015Q1 | 2015Q2 | 2015Q3 | 2015Q4 |
|---|---|---|---|---|
| Total assets | 210,961,000 | 226,311,000 | 230,102,000 | 228,279,000 |
| Total loans | 124,145,000 | 129,315,000 | 126,861,000 | 136,555,000 |
| Allowance for loan losses | 3,705,000 | 3,742,000 | 3,745,000 | 3,651,000 |
| Securities available for sale | 0 | 0 | 0 | 0 |
| Securities held to maturity | 400,000 | 399,000 | 399,000 | 400,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 183,014,000 | 197,760,000 | 201,925,000 | 198,893,000 |
| Interest-bearing deposits | 109,518,000 | 104,325,000 | 117,746,000 | 115,946,000 |
| Noninterest-bearing deposits | 73,496,000 | 93,435,000 | 84,179,000 | 82,947,000 |
| Equity capital | 24,855,000 | 25,360,000 | 24,814,000 | 25,689,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2015Q1 | 2015Q2 | 2015Q3 | 2015Q4 |
|---|---|---|---|---|
| Interest income | 2,001,000 | 4,133,000 | 6,191,000 | 8,872,000 |
| Interest expense | 115,000 | 233,000 | 367,000 | 491,000 |
| Net interest income | 1,886,000 | 3,900,000 | 5,824,000 | 8,381,000 |
| Noninterest income | 261,000 | 457,000 | 674,000 | 1,291,000 |
| Noninterest expense | 1,391,000 | 2,736,000 | 4,131,000 | 5,853,000 |
| Provision for loan losses | 0 | 25,000 | 25,000 | 0 |
| Pretax income | 756,000 | 1,596,000 | 2,342,000 | 3,819,000 |
| Income tax | 296,000 | 631,000 | 923,000 | 1,525,000 |
| Net income | 460,000 | 965,000 | 1,419,000 | 2,294,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2015Q1 | 2015Q2 | 2015Q3 | 2015Q4 |
|---|---|---|---|---|
| Tier 1 capital | 24,855,000 | 25,360,000 | 24,814,000 | 25,689,000 |
| Total capital | 26,815,000 | 27,406,000 | 26,826,000 | 27,761,000 |
| Risk-weighted assets | 155,056,000 | 161,966,000 | 159,194,000 | 164,118,000 |