Call reports 2003
SUMMIT BANK — 2003
What SUMMIT BANK reported to the FFIEC in 2003, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2003Q1 | 2003Q2 | 2003Q3 | 2003Q4 |
|---|---|---|---|---|
| Total assets | 505,521,000 | 546,115,000 | 535,854,000 | 579,551,000 |
| Total loans | 378,127,000 | 402,465,000 | 401,079,000 | 415,086,000 |
| Allowance for loan losses | 6,235,000 | 6,750,000 | 7,394,000 | 7,952,000 |
| Securities available for sale | 81,111,000 | 83,890,000 | 93,511,000 | 118,767,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 402,149,000 | 403,350,000 | 396,626,000 | 412,724,000 |
| Interest-bearing deposits | 363,903,000 | 359,649,000 | 354,777,000 | 363,661,000 |
| Noninterest-bearing deposits | 38,246,000 | 43,701,000 | 41,849,000 | 49,063,000 |
| Equity capital | 45,053,000 | 46,091,000 | 47,269,000 | 49,075,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2003Q1 | 2003Q2 | 2003Q3 | 2003Q4 |
|---|---|---|---|---|
| Interest income | 7,273,000 | 14,834,000 | 22,501,000 | 30,157,000 |
| Interest expense | 2,449,000 | 4,915,000 | 7,160,000 | 9,635,000 |
| Net interest income | 4,824,000 | 9,919,000 | 15,341,000 | 20,522,000 |
| Noninterest income | 890,000 | 2,077,000 | 3,328,000 | 4,443,000 |
| Noninterest expense | 3,088,000 | 6,455,000 | 10,021,000 | 13,767,000 |
| Provision for loan losses | 1,000,000 | 1,728,000 | 2,807,000 | 3,418,000 |
| Pretax income | 1,626,000 | 3,813,000 | 5,841,000 | 7,780,000 |
| Income tax | 410,000 | 1,160,000 | 1,660,000 | 2,055,000 |
| Net income | 1,216,000 | 2,653,000 | 4,181,000 | 5,725,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2003Q1 | 2003Q2 | 2003Q3 | 2003Q4 |
|---|---|---|---|---|
| Tier 1 capital | 43,830,000 | 44,860,000 | 46,359,000 | 47,915,000 |
| Total capital | 48,582,000 | 50,017,000 | 51,489,000 | 53,264,000 |
| Risk-weighted assets | 378,664,000 | 410,969,000 | 408,192,000 | 425,313,000 |