Call reports 2014
SUMMIT NATIONAL BANK — 2014
What SUMMIT NATIONAL BANK reported to the FFIEC in 2014, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2014Q1 | 2014Q2 | 2014Q3 | 2014Q4 |
|---|---|---|---|---|
| Total assets | 62,903,000 | 61,513,000 | 63,509,000 | 62,210,000 |
| Total loans | 38,447,000 | 41,209,000 | 44,112,000 | 42,755,000 |
| Allowance for loan losses | 842,000 | 872,000 | 862,000 | 792,000 |
| Securities available for sale | 17,090,000 | 9,985,000 | 7,224,000 | 7,110,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 52,499,000 | 52,789,000 | 54,746,000 | 55,443,000 |
| Interest-bearing deposits | 37,821,000 | 37,674,000 | 38,500,000 | 38,465,000 |
| Noninterest-bearing deposits | 14,678,000 | 15,115,000 | 16,246,000 | 16,978,000 |
| Equity capital | 6,524,000 | 6,501,000 | 6,540,000 | 6,548,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2014Q1 | 2014Q2 | 2014Q3 | 2014Q4 |
|---|---|---|---|---|
| Interest income | 642,000 | 1,252,000 | 1,943,000 | 2,638,000 |
| Interest expense | 27,000 | 42,000 | 62,000 | 93,000 |
| Net interest income | 615,000 | 1,210,000 | 1,881,000 | 2,545,000 |
| Noninterest income | 69,000 | 155,000 | 267,000 | 313,000 |
| Noninterest expense | 548,000 | 1,129,000 | 1,758,000 | 2,397,000 |
| Provision for loan losses | 15,000 | 25,000 | 40,000 | 50,000 |
| Pretax income | 135,000 | 240,000 | 354,000 | 415,000 |
| Income tax | 18,000 | 28,000 | 44,000 | 66,000 |
| Net income | 117,000 | 212,000 | 310,000 | 349,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2014Q1 | 2014Q2 | 2014Q3 | 2014Q4 |
|---|---|---|---|---|
| Tier 1 capital | 6,061,000 | 5,937,000 | 5,966,000 | 5,938,000 |
| Total capital | 6,595,000 | 6,490,000 | 6,548,000 | 6,489,000 |
| Risk-weighted assets | 42,463,000 | 43,935,000 | 46,311,000 | 43,846,000 |