Call reports 2006
SUMMIT NATIONAL BANK, THE — 2006
What SUMMIT NATIONAL BANK, THE reported to the FFIEC in 2006, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2006Q1 | 2006Q2 | 2006Q3 |
|---|---|---|---|
| Total assets | 553,090,000 | 655,515,000 | 665,410,000 |
| Total loans | 363,381,000 | 449,414,000 | 467,212,000 |
| Allowance for loan losses | 4,848,000 | 5,962,000 | 6,340,000 |
| Securities available for sale | 104,570,000 | 108,197,000 | 102,011,000 |
| Securities held to maturity | 17,118,000 | 22,076,000 | 29,318,000 |
| Trading assets | 0 | 0 | 0 |
| Total deposits | 461,887,000 | 570,234,000 | 550,476,000 |
| Interest-bearing deposits | 437,512,000 | 542,102,000 | 511,055,000 |
| Noninterest-bearing deposits | 24,375,000 | 28,132,000 | 39,421,000 |
| Equity capital | 65,662,000 | 68,285,000 | 70,238,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2006Q1 | 2006Q2 | 2006Q3 |
|---|---|---|---|
| Interest income | 8,759,000 | 19,965,000 | 31,618,000 |
| Interest expense | 3,036,000 | 7,291,000 | 11,808,000 |
| Net interest income | 5,723,000 | 12,674,000 | 19,810,000 |
| Noninterest income | 797,000 | 1,595,000 | 2,520,000 |
| Noninterest expense | 4,002,000 | 8,607,000 | 13,482,000 |
| Provision for loan losses | 300,000 | 650,000 | 1,250,000 |
| Pretax income | 2,218,000 | 5,012,000 | 7,598,000 |
| Income tax | 600,000 | 1,467,000 | 2,187,000 |
| Net income | 1,618,000 | 3,545,000 | 5,411,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2006Q1 | 2006Q2 | 2006Q3 |
|---|---|---|---|
| Tier 1 capital | 66,346,000 | 60,991,000 | 61,499,000 |
| Total capital | 71,189,000 | 66,978,000 | 67,782,000 |
| Risk-weighted assets | 387,418,000 | 485,199,000 | 502,560,000 |