Call reports 2003
SUMMIT NATIONAL BANK — 2003
What SUMMIT NATIONAL 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 | 16,385,000 | 17,780,000 | 19,901,000 | 20,659,000 |
| Total loans | 10,604,000 | 12,180,000 | 12,813,000 | 12,925,000 |
| Allowance for loan losses | 170,000 | 177,000 | 183,000 | 194,000 |
| Securities available for sale | 102,000 | 2,328,000 | 2,066,000 | 2,528,000 |
| Securities held to maturity | 2,566,000 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 14,942,000 | 15,922,000 | 18,508,000 | 19,222,000 |
| Interest-bearing deposits | 13,267,000 | 14,310,000 | 15,901,000 | 16,985,000 |
| Noninterest-bearing deposits | 1,675,000 | 1,612,000 | 2,607,000 | 2,237,000 |
| Equity capital | 1,139,000 | 1,184,000 | 1,306,000 | 1,379,000 |
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 | 260,000 | 550,000 | 859,000 | 1,172,000 |
| Interest expense | 67,000 | 138,000 | 217,000 | 298,000 |
| Net interest income | 193,000 | 412,000 | 642,000 | 874,000 |
| Noninterest income | 18,000 | 45,000 | 78,000 | 106,000 |
| Noninterest expense | 166,000 | 372,000 | 587,000 | 806,000 |
| Provision for loan losses | 7,000 | 12,000 | 18,000 | 26,000 |
| Pretax income | 38,000 | 72,000 | 118,000 | 151,000 |
| Income tax | 8,000 | 16,000 | 24,000 | 31,000 |
| Net income | 30,000 | 56,000 | 94,000 | 120,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2003Q1 | 2003Q2 | 2003Q3 | 2003Q4 |
|---|---|---|---|---|
| Tier 1 capital | 1,138,000 | 1,164,000 | 1,294,000 | 1,369,000 |
| Total capital | 1,283,000 | 1,329,000 | 1,460,000 | 1,541,000 |
| Risk-weighted assets | 11,579,000 | 13,187,000 | 13,283,000 | 13,725,000 |