Summit Bank in Oakland, California (CA)
Overview, Financial Summary, Detailed Financial Reports, Branches


  • Summit Bank in Oakland, California (CA)
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Summit Bank - Overview

  • General
  • FDIC Certificate #: 23864
    Status: Active
    Federal Reserve ID: 351560
    Bank Holding Company (Regulatory Top Holder): Summit Bancshares, Inc. (RSSDID: 1029295, Location: Oakland, CA)
    Date Established: July 01, 1982
    WWW: http://www.summitbanking.com
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 3 (Domestic: 3, Interstate: No)
    FDIC's unique #: 16672
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: Yes
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: July 01, 1982
    Last Structure Change Effective Date: October 16, 2008
    Last Structure Change Process Date: October 16, 2008
    Last Data Update: October 16, 2008
    Data Source Date: April 05, 2012
  • Location
  • Address: 2969 Broadway, Oakland, CA 94611
    County: Alameda
    Quarterly Banking Profile Region: San Francisco
    FDIC Geographic Region: San Francisco
    FDIC Supervisory Region: San Francisco
    FDIC Field Office: San Francisco
    Office of the Comptroller the Currency (OCC) District: Midwest
    Office of Thrift Supervision Region: Western
    Metropolitan Statistical Area (MSA): Oakland, CA (#5775)
    Consolidated Metropolitan Statistical Area (CMSA): San Francisco-Oakland-San Jose, CA (#84)
    Combined Statistical Area (CSA): San Jose-San Francisco-Oakland, CA (#488)
    Core Based Statistical Area (CBSA): San Francisco-Oakland-Fremont, CA (#41860)
    CBSA Metro Statistical Area: San Francisco-Oakland-Fremont, CA (#41860)
    Core Based Statistical Division: Oakland-Fremont-Hayward, CA (#36084)
  • Financial Summary
  • Total assets: $185.7 mil
    Equity capital: $19.2 mil
    Deposits held in domestic offices: $163.9 mil
    Return on assets (ROA): 0.48% ($0.9 mil)
    Quarterly return on assets: 0.83% ($1.5 mil)
    Return on Equity (ROE): 4.80% ($0.9 mil)
    Quarterly return on equity: 8.15% ($1.5 mil)
    Net income: $0.9 mil
    Quarterly Net income: $0.4 mil
    Pretax return on assets: 0.79% ($1,466.7 mil)
    Quarterly Pretax return on assets: 1.40% ($2,599.1 mil)

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

2000 - 2011 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Historical total employees (full-time equivalent)

Assets and Liabilities (December 31, 2011)

  • Dollar figures in thousands
  • 34Total employees (full-time equivalent)
  • $185,653Total assets
  • $55,783Cash and due from depository institutions
  • $49,214Interest-bearing balances
  • $400Securities
  • $6,000Federal funds sold & reverse repurchase agreements
  • $112,170Net loans & leases
  • $2,623Loan loss allowance
  • $0Trading account assets
  • $316Bank premises and fixed assets
  • $2,669Other real estate owned
  • $0Goodwill and other intangibles
  • $185,653Life insurance assets
  • $8,315All other assets
  • $166,419Total liabilities and capital
  • $163,880Total liabilities
  • $105,785Total deposits
  • $163,880Interest-bearing deposits
  • $81Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $2,539Subordinated debt
  • $19,234All other liabilities
  • $19,234Total equity capital
  • $19,234Total bank equity capital
  • $0Perpetual preferred stock
  • $5,230Common stock
  • $0Surplus
  • $14,004Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $8,821Income earned, not collected on loans
  • $0Earning assets
  • $404Long-term assets (5+ years)
  • $167,784Average Assets, year-to-date
  • $5,075Average Assets, quarterly
  • $186,869Volatile liabilities
  • $186,422Insider loans
  • $135,588FHLB advances
  • $190,464Loans and leases held for sale
  • $2,954Unused loan commitments
  • $2,954Tier 1 (core) risk-based capital
  • $18,911Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $22,972Restructured Loans and leases
  • $4,212Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $8,465Total interest income
  • $895Total interest expense
  • $7,570Net interest income
  • $1,520Provision for loan and lease losses
  • $721Total noninterest income
  • $0Fiduciary activities
  • $497Service charges on deposit accounts
  • $0Trading account gains & fees
  • $224Additional noninterest income
  • $5,297Total noninterest expense
  • $2,832Salaries and employee benefits
  • $987Premises and equipment expense
  • $1,478Additional noninterest expense
  • $1,474Pre-tax net operating income
  • $0Securities gains (losses)
  • $574Applicable income taxes
  • $900Income before extraordinary items
  • $0Extraordinary gains - net
  • $900Net income attributable to bank
  • $0Net charge-offs
  • $900Cash dividends
  • $1,653Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.02%Yield on earning assets
  • 0.53%Cost of funding earning assets
  • 4.49%Net interest margin
  • 0.43%Noninterest income to earning assets
  • 3.14%Noninterest expense to earning assets
  • 0.48%Net operating income to assets
  • 0.48%Return on assets (ROA)
  • 0.79%Pretax return on assets
  • 4.80%Return on equity (ROE)
  • 4.80%Retained earnings to average equity (YTD only)
  • 1.36%Net charge-offs to loans
  • 91.95%Credit loss provision to net charge-offs
  • 1.81%Efficiency ratio
  • 63,889Assets per employee
  • 5.46%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 2.28%Loss allowance to noncurrent loans
  • 29.74%Noncurrent assets plus other real estate owned to assets
  • 6.19%Noncurrent loans to loans
  • 7.68%Net loans and leases to deposits
  • 68.45%Net loans and leases to core deposits
  • 76.58%Equity capital to assets
  • 10.36%Core capital (leverage) ratio
  • 9.93%Tier 1 risk-based capital ratio
  • 13.95%Total risk-based capital ratio
  • Memoranda
  • $15Average assets
  • $186,869Average earning assets
  • $18,740Average equity
  • $168,713Average loans

List of branches

  • 3 California Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    016672Summit Bank2969 Broadway, Oakland, CA 94611July 01, 1982Full Service Brick and Mortar
    1256771Walnut Creek Branch710 South Broadway, Walnut Creek, CA 94596March 18, 1985Full Service Brick and Mortar
    2256772Emeryville Branch2000 Powell Street, Emeryville, CA 94608January 02, 1986Full Service Brick and Mortar

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