Call reports 2022
SUMMIT NATIONAL BANK — 2022
What SUMMIT NATIONAL BANK reported to the FFIEC in 2022, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2022Q1 | 2022Q2 | 2022Q3 | 2022Q4 |
|---|---|---|---|---|
| Total assets | 98,679,000 | 96,383,000 | 92,994,000 | 81,987,000 |
| Total loans | 46,326,000 | 47,303,000 | 49,062,000 | 48,343,000 |
| Allowance for loan losses | 1,095,000 | 1,095,000 | 1,095,000 | 1,096,000 |
| Securities available for sale | 15,893,000 | 15,528,000 | 14,993,000 | 15,244,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 89,452,000 | 87,537,000 | 84,365,000 | 73,038,000 |
| Interest-bearing deposits | 53,390,000 | 57,227,000 | 53,950,000 | 43,278,000 |
| Noninterest-bearing deposits | 36,062,000 | 30,310,000 | 30,415,000 | 29,760,000 |
| Equity capital | 8,756,000 | 8,316,000 | 7,876,000 | 8,237,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2022Q1 | 2022Q2 | 2022Q3 | 2022Q4 |
|---|---|---|---|---|
| Interest income | 622,000 | 1,280,000 | 2,031,000 | 2,850,000 |
| Interest expense | 34,000 | 65,000 | 96,000 | 127,000 |
| Net interest income | 588,000 | 1,215,000 | 1,935,000 | 2,723,000 |
| Noninterest income | 47,000 | 117,000 | 169,000 | 204,000 |
| Noninterest expense | 874,000 | 1,743,000 | 2,577,000 | 3,429,000 |
| Provision for loan losses | 0 | 0 | 0 | 0 |
| Pretax income | -241,000 | -416,000 | -478,000 | -504,000 |
| Income tax | -14,000 | -25,000 | -29,000 | -380,000 |
| Net income | -227,000 | -391,000 | -449,000 | -124,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2022Q1 | 2022Q2 | 2022Q3 | 2022Q4 |
|---|---|---|---|---|
| Tier 1 capital | 9,089,000 | 8,931,000 | 8,879,000 | 9,072,000 |
| Total capital | 9,706,000 | 9,563,000 | 9,541,000 | 9,721,000 |
| Risk-weighted assets | 48,885,000 | 50,133,000 | 52,576,000 | 51,462,000 |