Call reports 2024
SUMMIT BANK — 2024
What SUMMIT BANK reported to the FFIEC in 2024, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Total assets | 315,524,000 | 296,128,000 | 297,741,000 | 294,037,000 |
| Total loans | 194,265,000 | 192,204,000 | 199,425,000 | 206,044,000 |
| Allowance for loan losses | 6,129,000 | 6,279,000 | 6,429,000 | 6,579,000 |
| Securities available for sale | 0 | 0 | 0 | 0 |
| Securities held to maturity | 381,000 | 386,000 | 390,000 | 395,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 260,670,000 | 241,049,000 | 241,253,000 | 237,439,000 |
| Interest-bearing deposits | 146,163,000 | 136,051,000 | 128,286,000 | 135,375,000 |
| Noninterest-bearing deposits | 114,507,000 | 104,998,000 | 112,967,000 | 102,064,000 |
| Equity capital | 45,736,000 | 46,054,000 | 47,211,000 | 47,477,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Interest income | 4,468,000 | 8,886,000 | 13,200,000 | 17,486,000 |
| Interest expense | 575,000 | 1,135,000 | 1,634,000 | 2,127,000 |
| Net interest income | 3,893,000 | 7,751,000 | 11,566,000 | 15,359,000 |
| Noninterest income | 200,000 | 353,000 | 558,000 | 759,000 |
| Noninterest expense | 2,102,000 | 4,439,000 | 6,678,000 | 9,085,000 |
| Provision for loan losses | 150,000 | 300,000 | 450,000 | 600,000 |
| Pretax income | 1,841,000 | 3,365,000 | 4,996,000 | 6,433,000 |
| Income tax | 538,000 | 993,000 | 1,468,000 | 1,888,000 |
| Net income | 1,303,000 | 2,372,000 | 3,528,000 | 4,545,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Tier 1 capital | 45,735,000 | 46,054,000 | 47,211,000 | 47,477,000 |
| Total capital | 48,528,000 | 48,773,000 | 50,064,000 | 50,290,000 |
| Risk-weighted assets | 219,782,000 | 213,697,000 | 224,376,000 | 220,944,000 |