Call reports 2022
SUMMIT BANK — 2022
What SUMMIT BANK reported to the FFIEC in 2022, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2022Q1 | 2022Q2 | 2022Q3 | 2022Q4 |
|---|---|---|---|---|
| Total assets | 384,188,000 | 376,176,000 | 397,849,000 | 361,045,000 |
| Total loans | 183,382,000 | 180,833,000 | 192,686,000 | 197,654,000 |
| Allowance for loan losses | 4,654,000 | 4,729,000 | 4,804,000 | 4,879,000 |
| Securities available for sale | 0 | 0 | 0 | 0 |
| Securities held to maturity | 1,382,000 | 1,386,000 | 1,391,000 | 1,395,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 337,537,000 | 329,838,000 | 350,648,000 | 312,237,000 |
| Interest-bearing deposits | 156,012,000 | 149,428,000 | 156,190,000 | 147,807,000 |
| Noninterest-bearing deposits | 181,525,000 | 180,410,000 | 194,458,000 | 164,430,000 |
| Equity capital | 39,097,000 | 38,647,000 | 39,211,000 | 40,680,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2022Q1 | 2022Q2 | 2022Q3 | 2022Q4 |
|---|---|---|---|---|
| Interest income | 2,454,000 | 5,268,000 | 8,675,000 | 12,986,000 |
| Interest expense | 124,000 | 255,000 | 397,000 | 597,000 |
| Net interest income | 2,330,000 | 5,013,000 | 8,278,000 | 12,389,000 |
| Noninterest income | 256,000 | 520,000 | 809,000 | 1,083,000 |
| Noninterest expense | 2,051,000 | 4,159,000 | 6,116,000 | 8,333,000 |
| Provision for loan losses | 75,000 | 150,000 | 225,000 | 300,000 |
| Pretax income | 460,000 | 1,224,000 | 2,746,000 | 4,839,000 |
| Income tax | 135,000 | 349,000 | 807,000 | 1,431,000 |
| Net income | 325,000 | 875,000 | 1,939,000 | 3,408,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2022Q1 | 2022Q2 | 2022Q3 | 2022Q4 |
|---|---|---|---|---|
| Tier 1 capital | 39,097,000 | 38,647,000 | 39,211,000 | 40,680,000 |
| Total capital | 41,761,000 | 41,582,000 | 42,116,000 | 43,500,000 |
| Risk-weighted assets | 211,011,000 | 232,837,000 | 230,362,000 | 223,440,000 |