Call reports 2017
SUMMIT BANK — 2017
What SUMMIT BANK reported to the FFIEC in 2017, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2017Q1 | 2017Q2 | 2017Q3 | 2017Q4 |
|---|---|---|---|---|
| Total assets | 253,634,000 | 251,189,000 | 256,960,000 | 262,683,000 |
| Total loans | 129,497,000 | 136,392,000 | 142,991,000 | 153,466,000 |
| Allowance for loan losses | 3,695,000 | 3,695,000 | 3,695,000 | 3,345,000 |
| Securities available for sale | 0 | 0 | 0 | 0 |
| Securities held to maturity | 396,000 | 397,000 | 398,000 | 399,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 223,855,000 | 220,065,000 | 225,026,000 | 230,342,000 |
| Interest-bearing deposits | 109,083,000 | 108,003,000 | 114,937,000 | 120,769,000 |
| Noninterest-bearing deposits | 114,772,000 | 112,062,000 | 110,089,000 | 109,573,000 |
| Equity capital | 26,095,000 | 26,972,000 | 27,556,000 | 27,544,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2017Q1 | 2017Q2 | 2017Q3 | 2017Q4 |
|---|---|---|---|---|
| Interest income | 2,221,000 | 4,633,000 | 7,176,000 | 9,798,000 |
| Interest expense | 111,000 | 210,000 | 311,000 | 402,000 |
| Net interest income | 2,110,000 | 4,423,000 | 6,865,000 | 9,396,000 |
| Noninterest income | 198,000 | 1,017,000 | 1,216,000 | 1,601,000 |
| Noninterest expense | 1,683,000 | 3,337,000 | 5,005,000 | 6,967,000 |
| Provision for loan losses | 0 | 0 | 0 | -350,000 |
| Pretax income | 625,000 | 2,103,000 | 3,076,000 | 4,380,000 |
| Income tax | 242,000 | 827,000 | 1,216,000 | 2,532,000 |
| Net income | 383,000 | 1,276,000 | 1,860,000 | 1,848,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2017Q1 | 2017Q2 | 2017Q3 | 2017Q4 |
|---|---|---|---|---|
| Tier 1 capital | 26,095,000 | 26,972,000 | 27,215,000 | 27,544,000 |
| Total capital | 28,184,000 | 29,149,000 | 29,430,000 | 29,909,000 |
| Risk-weighted assets | 165,468,000 | 172,601,000 | 175,319,000 | 188,228,000 |