Call reports 2020
SUMMIT BANK — 2020
What SUMMIT BANK reported to the FFIEC in 2020, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Total assets | 280,045,000 | 300,593,000 | 317,370,000 | 306,436,000 |
| Total loans | 179,393,000 | 214,224,000 | 216,329,000 | 208,616,000 |
| Allowance for loan losses | 3,454,000 | 3,529,000 | 3,829,000 | 4,129,000 |
| Securities available for sale | 0 | 0 | 0 | 0 |
| Securities held to maturity | 399,000 | 399,000 | 400,000 | 400,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 237,771,000 | 257,215,000 | 273,859,000 | 262,119,000 |
| Interest-bearing deposits | 105,225,000 | 110,874,000 | 122,499,000 | 124,042,000 |
| Noninterest-bearing deposits | 132,546,000 | 146,341,000 | 151,360,000 | 138,077,000 |
| Equity capital | 35,093,000 | 35,981,000 | 35,987,000 | 36,710,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Interest income | 3,125,000 | 6,397,000 | 9,476,000 | 12,828,000 |
| Interest expense | 130,000 | 264,000 | 400,000 | 538,000 |
| Net interest income | 2,995,000 | 6,133,000 | 9,076,000 | 12,290,000 |
| Noninterest income | 154,000 | 342,000 | 526,000 | 727,000 |
| Noninterest expense | 2,206,000 | 4,202,000 | 6,331,000 | 8,412,000 |
| Provision for loan losses | 0 | 75,000 | 375,000 | 675,000 |
| Pretax income | 943,000 | 2,198,000 | 2,896,000 | 3,930,000 |
| Income tax | 276,000 | 643,000 | 835,000 | 1,146,000 |
| Net income | 667,000 | 1,555,000 | 2,061,000 | 2,784,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Tier 1 capital | 35,093,000 | 35,981,000 | 35,987,000 | 36,710,000 |
| Total capital | 37,758,000 | 38,962,000 | 39,098,000 | 39,605,000 |
| Risk-weighted assets | 212,288,000 | 237,740,000 | 248,004,000 | 230,196,000 |