Call reports 2017
SUMMIT NATIONAL BANK — 2017
What SUMMIT NATIONAL BANK reported to the FFIEC in 2017, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2017Q1 | 2017Q2 | 2017Q3 | 2017Q4 |
|---|---|---|---|---|
| Total assets | 72,649,000 | 77,143,000 | 76,002,000 | 77,086,000 |
| Total loans | 53,437,000 | 57,404,000 | 54,786,000 | 51,086,000 |
| Allowance for loan losses | 868,000 | 915,000 | 944,000 | 996,000 |
| Securities available for sale | 11,382,000 | 11,397,000 | 12,322,000 | 13,010,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 63,852,000 | 65,485,000 | 67,039,000 | 68,212,000 |
| Interest-bearing deposits | 44,131,000 | 42,988,000 | 44,009,000 | 41,939,000 |
| Noninterest-bearing deposits | 19,721,000 | 22,497,000 | 23,030,000 | 26,273,000 |
| Equity capital | 6,726,000 | 6,809,000 | 6,886,000 | 6,807,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2017Q1 | 2017Q2 | 2017Q3 | 2017Q4 |
|---|---|---|---|---|
| Interest income | 821,000 | 1,638,000 | 2,471,000 | 3,273,000 |
| Interest expense | 31,000 | 84,000 | 126,000 | 170,000 |
| Net interest income | 790,000 | 1,554,000 | 2,345,000 | 3,103,000 |
| Noninterest income | 58,000 | 134,000 | 198,000 | 324,000 |
| Noninterest expense | 609,000 | 1,225,000 | 1,829,000 | 2,590,000 |
| Provision for loan losses | 28,000 | 58,000 | 88,000 | 108,000 |
| Pretax income | 211,000 | 405,000 | 626,000 | 696,000 |
| Income tax | 63,000 | 141,000 | 201,000 | 176,000 |
| Net income | 148,000 | 264,000 | 425,000 | 520,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2017Q1 | 2017Q2 | 2017Q3 | 2017Q4 |
|---|---|---|---|---|
| Tier 1 capital | 6,260,000 | 6,298,000 | 6,379,000 | 6,395,000 |
| Total capital | 6,894,000 | 6,979,000 | 7,046,000 | 7,057,000 |
| Risk-weighted assets | 50,537,000 | 54,254,000 | 53,144,000 | 52,628,000 |