Vitals
  • Total Assets
    154.1M -3.8 %
  • Total Deposits
    119.3M -0.3 %
  • Total Net Loans
    129.4M -1.6 %
  • Net Income
    387000.0000 -5.8 %
  • Book Value
    16.7M 6.2 %
  • Book Value x2
    33.5M 6.2 %
  • Book Value x3
    50.2M 6.2 %
ROAA

.989

ROAE

9.258

Efficiency Ratio

77.64

Net Interest Margin

4.165

Balance Sheet Highlights
Financial Highlights Summit Community Bank All Insured Commercial Banks in Michigan
Balance Sheet $(000)
Total Assets 154,051 278,445
Total Net Loans 129,385 178,664
Total Deposits 119,313 237,429
Total Equity 16,731 28,933
Profitability
Net Income 387 554
Return on Average Assets .989 .659
Return on Average Equity 9.258 6.422
Net Interest Margin 4.165 3.782
Efficiency Ratio 77.64 76.846
Noninterest Income/Revenue 39.682 18.965
Balance Sheet Ratios
Loan-to-Deposit 108.442 72.672
Securities/Assets .181
Total Equity/Total Assets .109 .104
Tangible Equity/Tangible Assets .108 .101
Capital Adequacy
Tier 1 Common Capital — —
Tier 1 Capital 16,648 27,166
Tier 2 Capital 1,482 2,228
Total Capital 18,130 29,380
Total Risk Weighted Assets 118,501 188,418
Leverage Ratio 10.65 10.368
Common Equity Tier 1 Capital Ratio — —
Tier 1 Capital Ratio 14.05 16.31
Total Capital Ratio 15.3 17.501

Timeline for Summit Community Bank

Horizon Bank, National Association

Summit Community Bank was acquired by Horizon Bank, National Association 10 years

View Profile Apr 03 2014

Scb Asset Management Company, Llc

Scb Asset Management Company, Llc became a new subsidiary organization for Summit Community Bank.

View Profile Jan 01 2005

Summit Community Bank

Summit Community Bank was established 21 years ago and is currently headquartered in East Lansing, MI.

Dec 27 2002

Scb Bancorp, Inc.

Scb Bancorp, Inc. became a new parent organization for Summit Community Bank.

View Profile Dec 27 2002
Acquisitions & Mergers Role Assets Acct Method Type Transaction Date
Horizon Bank, National Association Buyer 3,308,763 Acquisition Discontinued 4/3/2014
Relationships Role Relationship Start Relationship End
Scb Bancorp, Inc. Parent 12/27/2002 4/2/2014
Scb Asset Management Company, Llc Subsidary 1/1/2005 3/11/2014
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