Call reports 2016
SUMMIT BANK — 2016
What SUMMIT BANK reported to the FFIEC in 2016, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2016Q1 | 2016Q2 | 2016Q3 | 2016Q4 |
|---|---|---|---|---|
| Total assets | 237,738,000 | 234,024,000 | 244,868,000 | 240,702,000 |
| Total loans | 139,923,000 | 135,314,000 | 130,877,000 | 119,668,000 |
| Allowance for loan losses | 3,721,000 | 3,721,000 | 3,745,000 | 3,695,000 |
| Securities available for sale | 0 | 0 | 0 | 0 |
| Securities held to maturity | 398,000 | 398,000 | 399,000 | 399,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 207,821,000 | 203,807,000 | 214,010,000 | 211,109,000 |
| Interest-bearing deposits | 122,456,000 | 119,755,000 | 119,689,000 | 114,686,000 |
| Noninterest-bearing deposits | 85,365,000 | 84,052,000 | 94,321,000 | 96,423,000 |
| Equity capital | 26,163,000 | 26,671,000 | 27,160,000 | 25,711,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2016Q1 | 2016Q2 | 2016Q3 | 2016Q4 |
|---|---|---|---|---|
| Interest income | 2,212,000 | 4,465,000 | 6,746,000 | 9,072,000 |
| Interest expense | 121,000 | 249,000 | 374,000 | 492,000 |
| Net interest income | 2,091,000 | 4,216,000 | 6,372,000 | 8,580,000 |
| Noninterest income | 180,000 | 397,000 | 573,000 | 767,000 |
| Noninterest expense | 1,442,000 | 2,940,000 | 4,465,000 | 6,000,000 |
| Provision for loan losses | 50,000 | 50,000 | 50,000 | 0 |
| Pretax income | 779,000 | 1,623,000 | 2,430,000 | 3,347,000 |
| Income tax | 305,000 | 641,000 | 959,000 | 1,325,000 |
| Net income | 474,000 | 982,000 | 1,471,000 | 2,022,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2016Q1 | 2016Q2 | 2016Q3 | 2016Q4 |
|---|---|---|---|---|
| Tier 1 capital | 26,163,000 | 26,671,000 | 27,160,000 | 25,711,000 |
| Total capital | 28,252,000 | 28,755,000 | 29,233,000 | 27,710,000 |
| Risk-weighted assets | 165,488,000 | 165,022,000 | 164,169,000 | 158,219,000 |