Call reports 2018
SUMMIT NATIONAL BANK — 2018
What SUMMIT NATIONAL BANK reported to the FFIEC in 2018, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2018Q1 | 2018Q2 | 2018Q3 | 2018Q4 |
|---|---|---|---|---|
| Total assets | 74,470,000 | 72,894,000 | 73,619,000 | 76,193,000 |
| Total loans | 51,688,000 | 54,574,000 | 55,211,000 | 55,338,000 |
| Allowance for loan losses | 1,008,000 | 1,005,000 | 1,005,000 | 1,005,000 |
| Securities available for sale | 11,295,000 | 10,784,000 | 10,201,000 | 9,872,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 66,802,000 | 63,813,000 | 65,505,000 | 68,165,000 |
| Interest-bearing deposits | 43,354,000 | 43,467,000 | 44,507,000 | 44,305,000 |
| Noninterest-bearing deposits | 23,448,000 | 20,346,000 | 20,998,000 | 23,860,000 |
| Equity capital | 6,785,000 | 6,774,000 | 6,857,000 | 7,089,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2018Q1 | 2018Q2 | 2018Q3 | 2018Q4 |
|---|---|---|---|---|
| Interest income | 799,000 | 1,588,000 | 2,424,000 | 3,284,000 |
| Interest expense | 40,000 | 102,000 | 169,000 | 241,000 |
| Net interest income | 759,000 | 1,486,000 | 2,255,000 | 3,043,000 |
| Noninterest income | 60,000 | 118,000 | 189,000 | 258,000 |
| Noninterest expense | 626,000 | 1,256,000 | 1,926,000 | 2,543,000 |
| Provision for loan losses | 10,000 | 10,000 | -76,000 | -76,000 |
| Pretax income | 144,000 | 299,000 | 555,000 | 795,000 |
| Income tax | 23,000 | 63,000 | 107,000 | 119,000 |
| Net income | 121,000 | 236,000 | 448,000 | 676,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2018Q1 | 2018Q2 | 2018Q3 | 2018Q4 |
|---|---|---|---|---|
| Tier 1 capital | 6,380,000 | 6,418,000 | 6,552,000 | 6,703,000 |
| Total capital | 7,044,000 | 7,100,000 | 7,244,000 | 7,402,000 |
| Risk-weighted assets | 52,797,000 | 54,270,000 | 55,097,000 | 55,668,000 |