Vitals
  • Total Assets
    73.1M -21.3 %
  • Total Deposits
    67.5M -20.9 %
  • Total Net Loans
    53.8M -20.0 %
  • Net Income
    -1221000.0000 -110.2 %
  • Book Value
    1.4M -73.3 %
  • Book Value x2
    2.9M -73.3 %
  • Book Value x3
    4.3M -73.3 %
ROAA

-3.273

ROAE

-133.37

Efficiency Ratio

110.162

Net Interest Margin

3.992

Balance Sheet Highlights
Financial Highlights Summit Bank All Insured Commercial Banks in Arizona
Balance Sheet $(000)
Total Assets 73,066 262,001
Total Net Loans 53,759 169,646
Total Deposits 67,471 220,619
Total Equity 1,435 27,441
Profitability
Net Income -1,221 344
Return on Average Assets -3.273 -.589
Return on Average Equity -133.37 -14.877
Net Interest Margin 3.992 3.893
Efficiency Ratio 110.162 102.591
Noninterest Income/Revenue 10.1 15.279
Balance Sheet Ratios
Loan-to-Deposit 79.677 74.25
Securities/Assets .075 .149
Total Equity/Total Assets .02 .105
Tangible Equity/Tangible Assets .02 .1
Capital Adequacy
Tier 1 Common Capital — —
Tier 1 Capital 1,416 25,202
Tier 2 Capital 747 3,043
Total Capital 2,163 28,247
Total Risk Weighted Assets 57,105 190,995
Leverage Ratio 1.98 10.212
Common Equity Tier 1 Capital Ratio — —
Tier 1 Capital Ratio 2.48 15.104
Total Capital Ratio 3.79 16.365

Timeline for Summit Bank

The Foothills Bank

Summit Bank was acquired by The Foothills Bank 12 years

View Profile Jul 16 2011

Summit Bank

Summit Bank was established 21 years ago and is currently headquartered in Prescott, AZ.

Nov 04 2002

Summit Bancshares, Inc.

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

View Profile Nov 04 2002
Acquisitions & Mergers Role Assets Acct Method Type Transaction Date
The Foothills Bank Buyer 315,624 Failure 7/16/2011
Relationships Role Relationship Start Relationship End
Summit Bancshares, Inc. Parent 11/4/2002 7/15/2011
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