Vitals
  • Total Assets
    665.4M 24.6 %
  • Total Deposits
    550.5M 24.6 %
  • Total Net Loans
    460.9M 35.0 %
  • Net Income
    5.4M 13.5 %
  • Book Value
    70.2M 50.5 %
  • Book Value x2
    140.5M 50.5 %
  • Book Value x3
    210.7M 50.5 %
ROAA

1.167

ROAE

11.468

Efficiency Ratio

59.264

Net Interest Margin

4.79

Balance Sheet Highlights
Financial Highlights The Summit National Bank All Insured Commercial Banks in Georgia
Balance Sheet $(000)
Total Assets 665,410 196,116
Total Net Loans 460,872 147,713
Total Deposits 550,476 164,064
Total Equity 70,238 19,903
Profitability
Net Income 5,411 9,334
Return on Average Assets 1.167 1.531
Return on Average Equity 11.468 15.61
Net Interest Margin 4.79 4.707
Efficiency Ratio 59.264 61.317
Noninterest Income/Revenue 7.292 9.893
Balance Sheet Ratios
Loan-to-Deposit 83.723 86.787
Securities/Assets .197 .239
Total Equity/Total Assets .106 .101
Tangible Equity/Tangible Assets .089 -.844
Capital Adequacy
Tier 1 Common Capital — —
Tier 1 Capital 61,499 19,042
Tier 2 Capital 6,283 1,917
Total Capital 67,782 20,904
Total Risk Weighted Assets 502,560 156,057
Leverage Ratio 9.45 11.292
Common Equity Tier 1 Capital Ratio — —
Tier 1 Capital Ratio 12.24 14.463
Total Capital Ratio 13.49 15.622

Timeline for The Summit National Bank

United Commercial Bank

The Summit National Bank was acquired by United Commercial Bank 17 years

View Profile Dec 30 2006

Concord Bank, National Association

Acquisition: The Summit National Bank acquired a new subsidiary, Concord Bank, National Association, 18 years

View Profile Apr 01 2006

Newston Investments, Inc.

Newston Investments, Inc. became a new subsidiary organization for The Summit National Bank.

View Profile Apr 01 2006

Sbga California Investments, Inc.

Sbga California Investments, Inc. became a new subsidiary organization for The Summit National Bank.

View Profile Jan 01 2002

California Security Bank

Acquisition: The Summit National Bank acquired a new subsidiary, California Security Bank, 26 years

View Profile Jun 30 1998

Want to see more?

Complete timeline for The Summit National Bank is available.

View Complete Timeline
Acquisitions & Mergers Role Assets Acct Method Type Transaction Date
United Commercial Bank Buyer 10,895,336 Acquisition Discontinued 12/30/2006
Concord Bank, National Association Seller 120,005 Acquisition Discontinued 4/1/2006
California Security Bank Seller 39,491 Acquisition Discontinued 6/30/1998
Vinings Bank & Trust, National Association Seller 20,422 Discontinued 1/1/1994
Relationships Role Relationship Start Relationship End
Summit Bank Corporation Parent 3/10/1988 12/29/2006
Sbga California Investments, Inc. Subsidary 1/1/2002 12/29/2006
Newston Investments, Inc. Subsidary 4/1/2006 12/29/2006
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