Call reports 2021
SUMMIT BANK — 2021
What SUMMIT BANK reported to the FFIEC in 2021, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2021Q1 | 2021Q2 | 2021Q3 | 2021Q4 |
|---|---|---|---|---|
| Total assets | 333,365,000 | 338,511,000 | 371,428,000 | 368,827,000 |
| Total loans | 208,460,000 | 212,470,000 | 194,389,000 | 186,121,000 |
| Allowance for loan losses | 4,429,000 | 4,729,000 | 5,029,000 | 4,579,000 |
| Securities available for sale | 0 | 0 | 0 | 0 |
| Securities held to maturity | 400,000 | 400,000 | 400,000 | 400,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 288,867,000 | 293,455,000 | 325,663,000 | 321,851,000 |
| Interest-bearing deposits | 127,300,000 | 137,217,000 | 147,789,000 | 148,280,000 |
| Noninterest-bearing deposits | 161,567,000 | 156,238,000 | 177,874,000 | 173,571,000 |
| Equity capital | 37,332,000 | 37,694,000 | 38,144,000 | 38,772,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2021Q1 | 2021Q2 | 2021Q3 | 2021Q4 |
|---|---|---|---|---|
| Interest income | 3,182,000 | 6,179,000 | 9,058,000 | 11,964,000 |
| Interest expense | 131,000 | 263,000 | 403,000 | 534,000 |
| Net interest income | 3,051,000 | 5,916,000 | 8,655,000 | 11,430,000 |
| Noninterest income | 218,000 | 508,000 | 821,000 | 1,053,000 |
| Noninterest expense | 2,083,000 | 4,041,000 | 6,160,000 | 8,733,000 |
| Provision for loan losses | 300,000 | 600,000 | 900,000 | 450,000 |
| Pretax income | 886,000 | 1,783,000 | 2,416,000 | 3,300,000 |
| Income tax | 264,000 | 524,000 | 707,000 | 963,000 |
| Net income | 622,000 | 1,259,000 | 1,709,000 | 2,337,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2021Q1 | 2021Q2 | 2021Q3 | 2021Q4 |
|---|---|---|---|---|
| Tier 1 capital | 37,332,000 | 37,694,000 | 38,144,000 | 38,772,000 |
| Total capital | 40,035,000 | 40,408,000 | 40,839,000 | 41,343,000 |
| Risk-weighted assets | 214,339,000 | 214,989,000 | 213,120,000 | 203,487,000 |