Call reports 2008
SUMMIT BANK — 2008
What SUMMIT BANK reported to the FFIEC in 2008, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Total assets | 910,388,000 | 959,756,000 | 1,014,255,000 | 992,007,000 |
| Total loans | 742,514,000 | 773,441,000 | 788,471,000 | 802,512,000 |
| Allowance for loan losses | 11,467,000 | 11,620,000 | 12,266,000 | 12,425,000 |
| Securities available for sale | 112,315,000 | 118,085,000 | 116,041,000 | 130,528,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 691,537,000 | 716,604,000 | 692,352,000 | 722,664,000 |
| Interest-bearing deposits | 617,232,000 | 634,814,000 | 612,957,000 | 645,643,000 |
| Noninterest-bearing deposits | 74,305,000 | 81,790,000 | 79,395,000 | 77,021,000 |
| Equity capital | 79,407,000 | 81,690,000 | 83,794,000 | 84,870,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Interest income | 14,264,000 | 27,717,000 | 41,555,000 | 55,355,000 |
| Interest expense | 6,611,000 | 12,100,000 | 17,360,000 | 23,001,000 |
| Net interest income | 7,653,000 | 15,617,000 | 24,195,000 | 32,354,000 |
| Noninterest income | 1,441,000 | 2,860,000 | 4,380,000 | 5,823,000 |
| Noninterest expense | 5,876,000 | 12,039,000 | 18,238,000 | 24,232,000 |
| Provision for loan losses | 360,000 | 635,000 | 1,390,000 | 2,040,000 |
| Pretax income | 2,858,000 | 5,803,000 | 8,947,000 | 11,905,000 |
| Income tax | 525,000 | 1,035,000 | 1,515,000 | 1,995,000 |
| Net income | 2,333,000 | 4,768,000 | 7,432,000 | 9,910,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Tier 1 capital | 78,640,000 | 81,105,000 | 83,797,000 | 84,797,000 |
| Total capital | 88,081,000 | 90,869,000 | 93,690,000 | 94,766,000 |
| Risk-weighted assets | 753,259,000 | 779,287,000 | 789,074,000 | 795,062,000 |