Call reports 2023
SUMMIT BANK — 2023
What SUMMIT BANK reported to the FFIEC in 2023, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Total assets | 338,368,000 | 330,440,000 | 330,191,000 | 318,459,000 |
| Total loans | 207,518,000 | 199,830,000 | 192,359,000 | 184,968,000 |
| Allowance for loan losses | 5,029,000 | 5,379,000 | 5,679,000 | 5,979,000 |
| Securities available for sale | 0 | 0 | 0 | 0 |
| Securities held to maturity | 383,000 | 387,000 | 391,000 | 396,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 288,039,000 | 279,741,000 | 277,261,000 | 264,351,000 |
| Interest-bearing deposits | 135,527,000 | 144,362,000 | 144,283,000 | 139,614,000 |
| Noninterest-bearing deposits | 152,512,000 | 135,379,000 | 132,978,000 | 124,737,000 |
| Equity capital | 41,772,000 | 42,583,000 | 43,907,000 | 45,183,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Interest income | 4,380,000 | 8,986,000 | 13,510,000 | 18,131,000 |
| Interest expense | 200,000 | 503,000 | 975,000 | 1,494,000 |
| Net interest income | 4,180,000 | 8,483,000 | 12,535,000 | 16,637,000 |
| Noninterest income | 253,000 | 502,000 | 726,000 | 936,000 |
| Noninterest expense | 2,039,000 | 4,380,000 | 6,537,000 | 8,727,000 |
| Provision for loan losses | 150,000 | 450,000 | 750,000 | 1,050,000 |
| Pretax income | 2,244,000 | 4,155,000 | 5,974,000 | 7,796,000 |
| Income tax | 652,000 | 1,252,000 | 1,747,000 | 2,294,000 |
| Net income | 1,592,000 | 2,903,000 | 4,227,000 | 5,502,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Tier 1 capital | 41,772,000 | 42,583,000 | 43,907,000 | 45,183,000 |
| Total capital | 44,839,000 | 45,429,000 | 46,831,000 | 47,972,000 |
| Risk-weighted assets | 243,281,000 | 224,836,000 | 230,831,000 | 219,636,000 |