Vitals
  • Total Assets
    1.8B 17.9 %
  • Total Deposits
    1.3B 21.3 %
  • Total Net Loans
    1.3B 21.1 %
  • Net Income
    18.3M 5.7 %
  • Book Value
    169.7M 6.6 %
  • Book Value x2
    339.4M 6.6 %
  • Book Value x3
    509.0M 6.6 %
ROAA

1.151

ROAE

11.141

Efficiency Ratio

52.063

Net Interest Margin

3.424

Balance Sheet Highlights
Financial Highlights Summit Community Bank, Inc All Insured Commercial Banks in West Virginia
Balance Sheet $(000)
Total Assets 1,750,952 360,672
Total Net Loans 1,308,039 251,469
Total Deposits 1,297,300 299,214
Total Equity 169,678 38,258
Profitability
Net Income 18,336 3,285
Return on Average Assets 1.151 .706
Return on Average Equity 11.141 6.418
Net Interest Margin 3.424 3.744
Efficiency Ratio 52.063 72.606
Noninterest Income/Revenue 9.361 20.548
Balance Sheet Ratios
Loan-to-Deposit 100.828 76.49
Securities/Assets .152 .175
Total Equity/Total Assets .097 .106
Tangible Equity/Tangible Assets .092 .096
Capital Adequacy
Tier 1 Common Capital 165,747 35,874
Tier 1 Capital 165,747 36,036
Tier 2 Capital 11,674 2,393
Total Capital 177,421 38,423
Total Risk Weighted Assets 1,396,622 244,928
Leverage Ratio 9.46 10.924
Common Equity Tier 1 Capital Ratio 11.87 18.341
Tier 1 Capital Ratio 11.87 18.347
Total Capital Ratio 12.7 19.449

Timeline for Summit Community Bank, Inc

First And Citizens Bank

Acquisition: Summit Community Bank, Inc acquired a new subsidiary, First And Citizens Bank, 7 years

View Profile Oct 01 2016

Shenandoah Valley National Bank

Acquisition: Summit Community Bank, Inc acquired a new subsidiary, Shenandoah Valley National Bank, 16 years

View Profile Jun 16 2007

Summit Community Bank

Acquisition: Summit Community Bank, Inc acquired a new subsidiary, Summit Community Bank, 19 years

View Profile Nov 13 2004

Summit Financial Group, Inc.

Summit Financial Group, Inc. became a new parent organization for Summit Community Bank, Inc.

View Profile Jun 17 1997

Summit Community Bank, Inc

Summit Community Bank, Inc was established 28 years ago and is currently headquartered in Moorefield, WV.

Dec 11 1995
Acquisitions & Mergers Role Assets Acct Method Type Transaction Date
First And Citizens Bank Seller 122,486 Acquisition Discontinued 10/1/2016
Shenandoah Valley National Bank Seller 482,739 Pooling of Interests Discontinued 6/16/2007
Summit Community Bank Seller 403,055 Pooling of Interests Discontinued 11/13/2004
Relationships Role Relationship Start Relationship End
Summit Financial Group, Inc. Parent 3/31/1998
Summit Financial Group, Inc. Parent 6/17/1997 3/30/1998
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