Call reports 2016
SUMMIT NATIONAL BANK — 2016
What SUMMIT NATIONAL BANK reported to the FFIEC in 2016, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2016Q1 | 2016Q2 | 2016Q3 | 2016Q4 |
|---|---|---|---|---|
| Total assets | 67,968,000 | 71,605,000 | 74,719,000 | 71,250,000 |
| Total loans | 52,114,000 | 55,915,000 | 58,349,000 | 55,729,000 |
| Allowance for loan losses | 730,000 | 848,000 | 812,000 | 838,000 |
| Securities available for sale | 9,190,000 | 9,140,000 | 8,604,000 | 8,468,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 58,331,000 | 57,390,000 | 59,964,000 | 61,477,000 |
| Interest-bearing deposits | 42,777,000 | 42,654,000 | 43,698,000 | 43,359,000 |
| Noninterest-bearing deposits | 15,554,000 | 14,736,000 | 16,266,000 | 18,118,000 |
| Equity capital | 6,788,000 | 6,727,000 | 6,834,000 | 6,645,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2016Q1 | 2016Q2 | 2016Q3 | 2016Q4 |
|---|---|---|---|---|
| Interest income | 734,000 | 1,517,000 | 2,326,000 | 3,145,000 |
| Interest expense | 29,000 | 61,000 | 96,000 | 140,000 |
| Net interest income | 705,000 | 1,456,000 | 2,230,000 | 3,005,000 |
| Noninterest income | 47,000 | 104,000 | 161,000 | 200,000 |
| Noninterest expense | 576,000 | 1,138,000 | 1,769,000 | 2,415,000 |
| Provision for loan losses | 20,000 | 190,000 | 215,000 | 239,000 |
| Pretax income | 156,000 | 243,000 | 418,000 | 562,000 |
| Income tax | 46,000 | 66,000 | 118,000 | 157,000 |
| Net income | 110,000 | 177,000 | 300,000 | 405,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2016Q1 | 2016Q2 | 2016Q3 | 2016Q4 |
|---|---|---|---|---|
| Tier 1 capital | 6,283,000 | 6,186,000 | 6,313,000 | 6,253,000 |
| Total capital | 6,882,000 | 6,825,000 | 6,997,000 | 6,911,000 |
| Risk-weighted assets | 47,800,000 | 50,957,000 | 54,601,000 | 52,459,000 |