Vitals
  • Total Assets
    355.6M 1.9 %
  • Total Deposits
    280.3M -3.4 %
  • Total Net Loans
    211.3M 7.5 %
  • Net Income
    3.3M 21.8 %
  • Book Value
    44.6M 7.4 %
  • Book Value x2
    89.1M 7.4 %
  • Book Value x3
    133.7M 7.4 %
ROAA

.915

ROAE

7.654

Efficiency Ratio

64.956

Net Interest Margin

3.52

Balance Sheet Highlights
Financial Highlights Summit Bank, National Association All Insured Commercial Banks in Florida
Balance Sheet $(000)
Total Assets 355,591 586,559
Total Net Loans 211,308 397,788
Total Deposits 280,264 483,997
Total Equity 44,571 60,775
Profitability
Net Income 3,291 4,381
Return on Average Assets .915 .706
Return on Average Equity 7.654 6.893
Net Interest Margin 3.52 3.553
Efficiency Ratio 64.956 74.427
Noninterest Income/Revenue 20.235 15.578
Balance Sheet Ratios
Loan-to-Deposit 75.396 80.705
Securities/Assets .266 .17
Total Equity/Total Assets .125 .104
Tangible Equity/Tangible Assets .125 .1
Capital Adequacy
Tier 1 Common Capital 44,958 55,412
Tier 1 Capital 44,958 55,855
Tier 2 Capital 3,154 4,271
Total Capital 48,112 60,316
Total Risk Weighted Assets 292,476 416,967
Leverage Ratio 12.45 10.155
Common Equity Tier 1 Capital Ratio 15.37 14.982
Tier 1 Capital Ratio 15.37 15.063
Total Capital Ratio 16.45 16.194

Timeline for Summit Bank, National Association

Premier Community Bank Of The Emerald Coast

Acquisition: Summit Bank, National Association acquired a new subsidiary, Premier Community Bank Of The Emerald Coast, 12 years

View Profile Dec 17 2011

Summit Bank, National Association

Summit Bank, National Association was established 16 years ago and is currently headquartered in Panama City, FL.

Apr 08 2008

Summit Financial Enterprises, Inc.

Summit Financial Enterprises, Inc. became a new parent organization for Summit Bank, National Association.

View Profile Apr 08 2008
Acquisitions & Mergers Role Assets Acct Method Type Transaction Date
Premier Community Bank Of The Emerald Coast Seller 125,976 Failure 12/17/2011
Relationships Role Relationship Start Relationship End
Summit Financial Enterprises, Inc. Parent 4/8/2008
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