Call reports 2002
SUMMIT NATIONAL BANK — 2002
What SUMMIT NATIONAL BANK reported to the FFIEC in 2002, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2002Q1 | 2002Q2 | 2002Q3 | 2002Q4 |
|---|---|---|---|---|
| Total assets | 14,240,000 | 15,246,000 | 15,329,000 | 16,081,000 |
| Total loans | 7,676,000 | 8,122,000 | 8,399,000 | 8,747,000 |
| Allowance for loan losses | 144,000 | 151,000 | 157,000 | 161,000 |
| Securities available for sale | 127,000 | 98,000 | 101,000 | 102,000 |
| Securities held to maturity | 1,527,000 | 1,754,000 | 2,453,000 | 2,935,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 13,070,000 | 14,088,000 | 14,119,000 | 14,846,000 |
| Interest-bearing deposits | 11,263,000 | 12,450,000 | 12,284,000 | 12,834,000 |
| Noninterest-bearing deposits | 1,807,000 | 1,638,000 | 1,835,000 | 2,012,000 |
| Equity capital | 1,021,000 | 1,056,000 | 1,093,000 | 1,110,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2002Q1 | 2002Q2 | 2002Q3 | 2002Q4 |
|---|---|---|---|---|
| Interest income | 240,000 | 488,000 | 752,000 | 1,006,000 |
| Interest expense | 80,000 | 154,000 | 224,000 | 300,000 |
| Net interest income | 160,000 | 334,000 | 528,000 | 706,000 |
| Noninterest income | 17,000 | 39,000 | 62,000 | 88,000 |
| Noninterest expense | 166,000 | 317,000 | 485,000 | 670,000 |
| Provision for loan losses | 0 | 6,000 | 13,000 | 19,000 |
| Pretax income | 11,000 | 50,000 | 92,000 | 120,000 |
| Income tax | 8,000 | 16,000 | 23,000 | 35,000 |
| Net income | 3,000 | 34,000 | 69,000 | 85,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2002Q1 | 2002Q2 | 2002Q3 | 2002Q4 |
|---|---|---|---|---|
| Tier 1 capital | 1,026,000 | 1,057,000 | 1,092,000 | 1,108,000 |
| Total capital | 1,135,000 | 1,172,000 | 1,208,000 | 1,235,000 |
| Risk-weighted assets | 8,694,000 | 9,132,000 | 9,264,000 | 10,088,000 |