Call reports 2010
SUMMIT NATIONAL BANK — 2010
What SUMMIT NATIONAL BANK reported to the FFIEC in 2010, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2010Q1 | 2010Q2 | 2010Q3 | 2010Q4 |
|---|---|---|---|---|
| Total assets | 71,803,000 | 73,980,000 | 72,944,000 | 73,563,000 |
| Total loans | 44,012,000 | 45,652,000 | 45,456,000 | 40,930,000 |
| Allowance for loan losses | 529,000 | 661,000 | 542,000 | 782,000 |
| Securities available for sale | 13,182,000 | 13,799,000 | 12,783,000 | 16,881,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 62,904,000 | 64,058,000 | 64,003,000 | 65,166,000 |
| Interest-bearing deposits | 52,250,000 | 51,288,000 | 51,923,000 | 51,448,000 |
| Noninterest-bearing deposits | 10,654,000 | 12,770,000 | 12,080,000 | 13,718,000 |
| Equity capital | 6,301,000 | 6,422,000 | 6,618,000 | 6,353,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2010Q1 | 2010Q2 | 2010Q3 | 2010Q4 |
|---|---|---|---|---|
| Interest income | 1,057,000 | 2,077,000 | 3,075,000 | 3,966,000 |
| Interest expense | 233,000 | 450,000 | 637,000 | 801,000 |
| Net interest income | 824,000 | 1,627,000 | 2,438,000 | 3,165,000 |
| Noninterest income | 82,000 | 165,000 | 264,000 | 358,000 |
| Noninterest expense | 677,000 | 1,370,000 | 1,998,000 | 2,711,000 |
| Provision for loan losses | 52,000 | 203,000 | 247,000 | 487,000 |
| Pretax income | 177,000 | 219,000 | 457,000 | 325,000 |
| Income tax | 0 | 13,000 | 16,000 | 16,000 |
| Net income | 177,000 | 206,000 | 441,000 | 309,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2010Q1 | 2010Q2 | 2010Q3 | 2010Q4 |
|---|---|---|---|---|
| Tier 1 capital | 5,443,000 | 5,392,000 | 5,641,000 | 5,469,000 |
| Total capital | 6,140,000 | 5,990,000 | 6,201,000 | 6,031,000 |
| Risk-weighted assets | 46,016,000 | 47,795,000 | 47,889,000 | 44,732,000 |