Call reports 2018
SUMMIT BANK — 2018
What SUMMIT BANK reported to the FFIEC in 2018, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2018Q1 | 2018Q2 | 2018Q3 | 2018Q4 |
|---|---|---|---|---|
| Total assets | 268,381,000 | 252,201,000 | 280,539,000 | 266,852,000 |
| Total loans | 158,134,000 | 158,518,000 | 166,426,000 | 175,312,000 |
| Allowance for loan losses | 3,329,000 | 3,404,000 | 3,454,000 | 3,454,000 |
| Securities available for sale | 0 | 0 | 0 | 0 |
| Securities held to maturity | 392,000 | 394,000 | 396,000 | 398,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 235,402,000 | 218,426,000 | 245,564,000 | 230,818,000 |
| Interest-bearing deposits | 123,900,000 | 116,296,000 | 114,536,000 | 121,184,000 |
| Noninterest-bearing deposits | 111,502,000 | 102,130,000 | 131,028,000 | 109,634,000 |
| Equity capital | 28,229,000 | 28,926,000 | 29,752,000 | 30,616,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2018Q1 | 2018Q2 | 2018Q3 | 2018Q4 |
|---|---|---|---|---|
| Interest income | 2,776,000 | 5,670,000 | 8,776,000 | 12,063,000 |
| Interest expense | 93,000 | 189,000 | 295,000 | 412,000 |
| Net interest income | 2,683,000 | 5,481,000 | 8,481,000 | 11,651,000 |
| Noninterest income | 188,000 | 360,000 | 538,000 | 725,000 |
| Noninterest expense | 1,967,000 | 3,875,000 | 5,833,000 | 7,949,000 |
| Provision for loan losses | -50,000 | 25,000 | 75,000 | 75,000 |
| Pretax income | 954,000 | 1,941,000 | 3,111,000 | 4,352,000 |
| Income tax | 269,000 | 559,000 | 903,000 | 1,280,000 |
| Net income | 685,000 | 1,382,000 | 2,208,000 | 3,072,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2018Q1 | 2018Q2 | 2018Q3 | 2018Q4 |
|---|---|---|---|---|
| Tier 1 capital | 28,229,000 | 28,926,000 | 29,752,000 | 30,616,000 |
| Total capital | 30,610,000 | 31,255,000 | 32,156,000 | 33,158,000 |
| Risk-weighted assets | 189,407,000 | 185,113,000 | 191,115,000 | 202,323,000 |