Call reports 2024
SUMMIT NATIONAL BANK — 2024
What SUMMIT NATIONAL BANK reported to the FFIEC in 2024, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Total assets | 102,114,000 | 93,729,000 | 96,742,000 | 93,331,000 |
| Total loans | 45,223,000 | 47,703,000 | 46,696,000 | 44,898,000 |
| Allowance for loan losses | 861,000 | 861,000 | 861,000 | 854,000 |
| Securities available for sale | 15,666,000 | 16,435,000 | 16,875,000 | 16,780,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 92,931,000 | 85,531,000 | 88,781,000 | 86,957,000 |
| Interest-bearing deposits | 66,191,000 | 60,843,000 | 60,356,000 | 61,619,000 |
| Noninterest-bearing deposits | 26,740,000 | 24,688,000 | 28,425,000 | 25,338,000 |
| Equity capital | 8,134,000 | 7,294,000 | 6,982,000 | 3,846,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Interest income | 1,237,000 | 2,325,000 | 3,388,000 | 4,480,000 |
| Interest expense | 435,000 | 869,000 | 1,279,000 | 1,707,000 |
| Net interest income | 802,000 | 1,456,000 | 2,109,000 | 2,773,000 |
| Noninterest income | 52,000 | 91,000 | 136,000 | 164,000 |
| Noninterest expense | 1,937,000 | 3,508,000 | 4,920,000 | 8,626,000 |
| Provision for loan losses | 0 | 0 | 0 | 0 |
| Pretax income | -1,086,000 | -1,965,000 | -2,677,000 | -5,689,000 |
| Income tax | 0 | 0 | -66,000 | -50,000 |
| Net income | -1,086,000 | -1,965,000 | -2,611,000 | -5,639,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2024Q1 | 2024Q2 | 2024Q3 | 2024Q4 |
|---|---|---|---|---|
| Tier 1 capital | 9,007,000 | 8,135,000 | 7,492,000 | 4,471,000 |
| Total capital | 9,613,000 | 8,776,000 | 8,143,000 | 5,084,000 |
| Risk-weighted assets | 48,223,000 | 51,065,000 | 51,829,000 | 48,781,000 |