Call reports 2011
SUMMIT NATIONAL BANK — 2011
What SUMMIT NATIONAL BANK reported to the FFIEC in 2011, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2011Q1 | 2011Q2 | 2011Q3 | 2011Q4 |
|---|---|---|---|---|
| Total assets | 72,149,000 | 73,175,000 | 74,724,000 | 70,935,000 |
| Total loans | 41,861,000 | 46,145,000 | 46,789,000 | 43,445,000 |
| Allowance for loan losses | 571,000 | 594,000 | 607,000 | 1,204,000 |
| Securities available for sale | 17,274,000 | 15,810,000 | 15,458,000 | 18,374,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 63,802,000 | 64,618,000 | 66,365,000 | 61,446,000 |
| Interest-bearing deposits | 50,919,000 | 49,640,000 | 48,901,000 | 48,654,000 |
| Noninterest-bearing deposits | 12,883,000 | 14,978,000 | 17,464,000 | 12,792,000 |
| Equity capital | 6,405,000 | 6,615,000 | 6,786,000 | 6,113,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2011Q1 | 2011Q2 | 2011Q3 | 2011Q4 |
|---|---|---|---|---|
| Interest income | 875,000 | 1,795,000 | 2,748,000 | 3,617,000 |
| Interest expense | 154,000 | 300,000 | 429,000 | 513,000 |
| Net interest income | 721,000 | 1,495,000 | 2,319,000 | 3,104,000 |
| Noninterest income | 78,000 | 153,000 | 242,000 | 327,000 |
| Noninterest expense | 613,000 | 1,295,000 | 1,949,000 | 2,640,000 |
| Provision for loan losses | 18,000 | 55,000 | 82,000 | 913,000 |
| Pretax income | 229,000 | 463,000 | 703,000 | 51,000 |
| Income tax | 1,000 | 21,000 | 84,000 | 63,000 |
| Net income | 228,000 | 442,000 | 619,000 | -12,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2011Q1 | 2011Q2 | 2011Q3 | 2011Q4 |
|---|---|---|---|---|
| Tier 1 capital | 5,597,000 | 5,711,000 | 5,828,000 | 5,236,000 |
| Total capital | 6,172,000 | 6,323,000 | 6,453,000 | 5,839,000 |
| Risk-weighted assets | 46,361,000 | 49,507,000 | 50,064,000 | 47,646,000 |