Call reports 2009
SUMMIT NATIONAL BANK — 2009
What SUMMIT NATIONAL BANK reported to the FFIEC in 2009, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2009Q1 | 2009Q2 | 2009Q3 | 2009Q4 |
|---|---|---|---|---|
| Total assets | 38,752,000 | 38,912,000 | 72,165,000 | 73,340,000 |
| Total loans | 28,305,000 | 30,102,000 | 44,826,000 | 42,120,000 |
| Allowance for loan losses | 355,000 | 310,000 | 374,000 | 477,000 |
| Securities available for sale | 2,524,000 | 2,145,000 | 11,775,000 | 10,108,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 31,843,000 | 32,970,000 | 63,179,000 | 64,605,000 |
| Interest-bearing deposits | 25,626,000 | 26,073,000 | 51,442,000 | 53,123,000 |
| Noninterest-bearing deposits | 6,217,000 | 6,898,000 | 11,737,000 | 11,482,000 |
| Equity capital | 2,648,000 | 2,743,000 | 6,228,000 | 6,122,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2009Q1 | 2009Q2 | 2009Q3 | 2009Q4 |
|---|---|---|---|---|
| Interest income | 641,000 | 1,332,000 | 2,110,000 | 3,200,000 |
| Interest expense | 167,000 | 330,000 | 526,000 | 782,000 |
| Net interest income | 474,000 | 1,002,000 | 1,584,000 | 2,418,000 |
| Noninterest income | 64,000 | 150,000 | 249,000 | 336,000 |
| Noninterest expense | 370,000 | 791,000 | 1,274,000 | 2,047,000 |
| Provision for loan losses | 85,000 | 159,000 | 214,000 | 361,000 |
| Pretax income | 83,000 | 221,000 | 380,000 | 464,000 |
| Income tax | 30,000 | 47,000 | 89,000 | 104,000 |
| Net income | 53,000 | 174,000 | 291,000 | 360,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2009Q1 | 2009Q2 | 2009Q3 | 2009Q4 |
|---|---|---|---|---|
| Tier 1 capital | 2,586,000 | 2,707,000 | 5,293,000 | 5,302,000 |
| Total capital | 3,096,000 | 3,212,000 | 5,875,000 | 5,947,000 |
| Risk-weighted assets | 23,984,000 | 24,424,000 | 44,984,000 | 44,920,000 |