Vitals
  • Total Assets
    256.2M 9.1 %
  • Total Deposits
    226.1M 10.3 %
  • Total Net Loans
    211.0M 4.6 %
  • Net Income
    1.9M 37.7 %
  • Book Value
    24.7M 12.3 %
  • Book Value x2
    49.4M 12.3 %
  • Book Value x3
    74.1M 12.3 %
ROAA

1.503

ROAE

16.16

Efficiency Ratio

62.514

Net Interest Margin

4.212

Balance Sheet Highlights
Financial Highlights Summit Bank All Insured Commercial Banks in Oklahoma
Balance Sheet $(000)
Total Assets 256,220 168,232
Total Net Loans 211,026 100,314
Total Deposits 226,135 144,571
Total Equity 24,689 16,961
Profitability
Net Income 1,942 1,094
Return on Average Assets 1.503 1.265
Return on Average Equity 16.16 12.286
Net Interest Margin 4.212 4.018
Efficiency Ratio 62.514 66.044
Noninterest Income/Revenue 6.979 16.505
Balance Sheet Ratios
Loan-to-Deposit 93.319 65.26
Securities/Assets .008 .222
Total Equity/Total Assets .096 .101
Tangible Equity/Tangible Assets .096 .099
Capital Adequacy
Tier 1 Common Capital — —
Tier 1 Capital 24,664 16,661
Tier 2 Capital 2,565 1,260
Total Capital 27,229 17,936
Total Risk Weighted Assets 204,723 112,012
Leverage Ratio 9.5 10.048
Common Equity Tier 1 Capital Ratio — —
Tier 1 Capital Ratio 12.05 16.135
Total Capital Ratio 13.3 17.249

Timeline for Summit Bank

Commerce Bank

Summit Bank was acquired by Commerce Bank 10 years

View Profile Sep 01 2013

Summit Bancshares, Inc.

Summit Bancshares, Inc. became a new parent organization for Summit Bank.

View Profile Apr 19 2012

Summit Bank

Summit Bank was established 22 years ago and is currently headquartered in Tulsa, OK.

Jan 11 2002
Acquisitions & Mergers Role Assets Acct Method Type Transaction Date
Commerce Bank Buyer 24,613,310 Acquisition Discontinued 9/1/2013
Relationships Role Relationship Start Relationship End
Summit Bancshares, Inc. Parent 4/19/2012 8/31/2013
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