Call reports 2023
SUMMIT NATIONAL BANK — 2023
What SUMMIT NATIONAL BANK reported to the FFIEC in 2023, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Total assets | 78,929,000 | 102,704,000 | 121,579,000 | 109,910,000 |
| Total loans | 48,148,000 | 49,123,000 | 50,796,000 | 49,492,000 |
| Allowance for loan losses | 1,096,000 | 1,096,000 | 1,096,000 | 861,000 |
| Securities available for sale | 15,472,000 | 15,340,000 | 15,227,000 | 15,708,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 69,725,000 | 94,066,000 | 111,107,000 | 99,539,000 |
| Interest-bearing deposits | 40,313,000 | 36,965,000 | 49,855,000 | 62,536,000 |
| Noninterest-bearing deposits | 29,412,000 | 57,101,000 | 61,252,000 | 37,003,000 |
| Equity capital | 8,533,000 | 8,488,000 | 9,602,000 | 9,249,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Interest income | 708,000 | 1,660,000 | 2,877,000 | 4,027,000 |
| Interest expense | 40,000 | 135,000 | 328,000 | 703,000 |
| Net interest income | 668,000 | 1,525,000 | 2,549,000 | 3,324,000 |
| Noninterest income | 62,000 | 261,000 | 622,000 | 770,000 |
| Noninterest expense | 668,000 | 1,634,000 | 3,474,000 | 5,670,000 |
| Provision for loan losses | 0 | 0 | 0 | -234,000 |
| Pretax income | 65,000 | 156,000 | -295,000 | -1,326,000 |
| Income tax | -2,000 | 25,000 | 376,000 | 0 |
| Net income | 67,000 | 131,000 | -671,000 | -1,326,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2023Q1 | 2023Q2 | 2023Q3 | 2023Q4 |
|---|---|---|---|---|
| Tier 1 capital | 9,195,000 | 9,266,000 | 10,468,000 | 10,086,000 |
| Total capital | 9,868,000 | 9,923,000 | 11,179,000 | 10,749,000 |
| Risk-weighted assets | 53,249,000 | 52,128,000 | 56,532,000 | 52,791,000 |