Vitals
  • Total Assets
    351.7M 6.0 %
  • Total Deposits
    276.2M 10.0 %
  • Total Net Loans
    251.9M 13.0 %
  • Net Income
  • Book Value
    29.7M 5.1 %
  • Book Value x2
    59.5M 5.1 %
  • Book Value x3
    89.2M 5.1 %
ROAA

ROAE

Efficiency Ratio

126.156

Net Interest Margin

4.081

Balance Sheet Highlights
Financial Highlights Summit National Bank All Insured Commercial Banks in South Carolina
Balance Sheet $(000)
Total Assets 351,680 272,447
Total Net Loans 251,876 198,561
Total Deposits 276,150 221,514
Total Equity 29,744 25,952
Profitability
Net Income — 3,452
Return on Average Assets — 1.129
Return on Average Equity — 11.233
Net Interest Margin 4.081 4.223
Efficiency Ratio 126.156 64.925
Noninterest Income/Revenue 7.651 18.319
Balance Sheet Ratios
Loan-to-Deposit 91.21 82.791
Securities/Assets .152 .403
Total Equity/Total Assets .085 .095
Tangible Equity/Tangible Assets .085 -.064
Capital Adequacy
Tier 1 Common Capital — —
Tier 1 Capital 29,717 24,740
Tier 2 Capital 3,526 2,494
Total Capital 33,243 27,228
Total Risk Weighted Assets 281,980 210,069
Leverage Ratio 8.77 10.701
Common Equity Tier 1 Capital Ratio — —
Tier 1 Capital Ratio 10.54 15.742
Total Capital Ratio 11.79 16.946

Timeline for Summit National Bank

First Citizens Bank And Trust Company, Inc.

Summit National Bank was acquired by First Citizens Bank And Trust Company, Inc. 18 years

View Profile Jul 01 2005

Summit Investment Services, Inc.

Summit Investment Services, Inc. became a new subsidiary organization for Summit National Bank.

View Profile Apr 01 1998

Summit National Bank

Summit National Bank was established 33 years ago and is currently headquartered in Greenville, SC.

Jul 05 1990

Summit Financial Corporation

Summit Financial Corporation became a new parent organization for Summit National Bank.

View Profile Jul 05 1990
Acquisitions & Mergers Role Assets Acct Method Type Transaction Date
First Citizens Bank And Trust Company, Inc. Buyer 8,346,821 Acquisition Discontinued 7/1/2005
Relationships Role Relationship Start Relationship End
Summit Financial Corporation Parent 7/5/1990 6/30/2005
Summit Investment Services, Inc. Subsidary 4/1/1998 6/30/2005
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