Call reports 2008
SUMMIT NATIONAL BANK — 2008
What SUMMIT NATIONAL 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 | 31,043,000 | 34,594,000 | 35,303,000 | 35,446,000 |
| Total loans | 22,040,000 | 24,972,000 | 26,044,000 | 25,593,000 |
| Allowance for loan losses | 259,000 | 262,000 | 276,000 | 288,000 |
| Securities available for sale | 2,877,000 | 2,699,000 | 2,636,000 | 2,636,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 28,256,000 | 29,257,000 | 29,960,000 | 30,494,000 |
| Interest-bearing deposits | 23,885,000 | 24,204,000 | 24,092,000 | 24,145,000 |
| Noninterest-bearing deposits | 4,371,000 | 5,053,000 | 5,868,000 | 6,349,000 |
| Equity capital | 2,274,000 | 2,332,000 | 2,453,000 | 2,582,000 |
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 | 584,000 | 1,188,000 | 1,821,000 | 2,443,000 |
| Interest expense | 198,000 | 383,000 | 558,000 | 749,000 |
| Net interest income | 386,000 | 805,000 | 1,263,000 | 1,694,000 |
| Noninterest income | 55,000 | 114,000 | 188,000 | 254,000 |
| Noninterest expense | 329,000 | 670,000 | 1,048,000 | 1,417,000 |
| Provision for loan losses | 1,000 | 4,000 | 23,000 | 38,000 |
| Pretax income | 111,000 | 245,000 | 380,000 | 493,000 |
| Income tax | 26,000 | 55,000 | 85,000 | 116,000 |
| Net income | 85,000 | 190,000 | 295,000 | 377,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Tier 1 capital | 2,241,000 | 2,348,000 | 2,451,000 | 2,533,000 |
| Total capital | 2,710,000 | 2,820,000 | 2,937,000 | 3,031,000 |
| Risk-weighted assets | 21,394,000 | 24,830,000 | 23,893,000 | 22,745,000 |