Call reports 2020
SUMMIT NATIONAL BANK — 2020
What SUMMIT NATIONAL BANK reported to the FFIEC in 2020, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Total assets | 85,943,000 | 85,286,000 | 86,200,000 | 90,165,000 |
| Total loans | 51,859,000 | 53,651,000 | 53,056,000 | 45,120,000 |
| Allowance for loan losses | 969,000 | 1,009,000 | 1,067,000 | 1,058,000 |
| Securities available for sale | 9,438,000 | 9,787,000 | 8,968,000 | 8,039,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 76,114,000 | 75,253,000 | 75,781,000 | 79,899,000 |
| Interest-bearing deposits | 49,606,000 | 51,955,000 | 49,834,000 | 51,588,000 |
| Noninterest-bearing deposits | 26,508,000 | 23,298,000 | 25,947,000 | 28,311,000 |
| Equity capital | 8,702,000 | 9,013,000 | 9,227,000 | 9,323,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Interest income | 830,000 | 1,716,000 | 2,645,000 | 3,338,000 |
| Interest expense | 87,000 | 153,000 | 216,000 | 273,000 |
| Net interest income | 743,000 | 1,563,000 | 2,429,000 | 3,065,000 |
| Noninterest income | 57,000 | 118,000 | 179,000 | 218,000 |
| Noninterest expense | 588,000 | 1,205,000 | 1,787,000 | 2,328,000 |
| Provision for loan losses | 30,000 | 70,000 | 180,000 | 210,000 |
| Pretax income | 182,000 | 412,000 | 647,000 | 753,000 |
| Income tax | 30,000 | 60,000 | 90,000 | 111,000 |
| Net income | 152,000 | 352,000 | 557,000 | 642,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2020Q1 | 2020Q2 | 2020Q3 | 2020Q4 |
|---|---|---|---|---|
| Tier 1 capital | 8,145,000 | 8,348,000 | 8,559,000 | 8,650,000 |
| Total capital | — | 9,034,000 | 9,246,000 | 9,238,000 |
| Risk-weighted assets | — | 54,576,000 | 54,574,000 | 46,602,000 |