Summit Bank in Tulsa, Oklahoma (OK)
Overview, Financial Summary, Detailed Financial Reports, Branches

  • Summit Bank in Tulsa, Oklahoma (OK)
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Summit Bank - Overview

  • General
  • FDIC Certificate #: 57289
    Status: Active
    Federal Reserve ID: 3043651
    Date Established: January 11, 2002
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 2 (Domestic: 2, Interstate: No)
    FDIC's unique #: 360642
    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: Yes
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: January 11, 2002
    Last Structure Change Effective Date: March 31, 2006
    Last Structure Change Process Date: November 03, 2006
    Last Data Update: November 03, 2006
    Data Source Date: April 05, 2012
  • Location
  • Address: 5314 South Yale, Suite 100, Tulsa, OK 74135
    County: Tulsa
    Quarterly Banking Profile Region: Dallas
    FDIC Geographic Region: Dallas
    FDIC Supervisory Region: Dallas
    FDIC Field Office: Tulsa
    Office of the Comptroller the Currency (OCC) District: Southwest
    Office of Thrift Supervision Region: West
    Metropolitan Statistical Area (MSA): Tulsa, OK (#8560)
    Combined Statistical Area (CSA): Tulsa-Bartlesville, OK (#538)
    Core Based Statistical Area (CBSA): Tulsa, OK (#46140)
    CBSA Metro Statistical Area: Tulsa, OK (#46140)
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $219.6 mil
    Equity capital: $20.9 mil
    Deposits held in domestic offices: $186.4 mil
    Return on assets (ROA): 1.25% ($2.8 mil)
    Quarterly return on assets: 1.22% ($2.7 mil)
    Return on Equity (ROE): 12.89% ($2.7 mil)
    Quarterly return on equity: 12.54% ($2.6 mil)
    Net income: $2.6 mil
    Quarterly Net income: $0.7 mil
    Pretax return on assets: 1.25% ($2,744.8 mil)
    Quarterly Pretax return on assets: 1.22% ($2,679.0 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
  • 43Total employees (full-time equivalent)
  • $219,588Total assets
  • $26,214Cash and due from depository institutions
  • $19,228Interest-bearing balances
  • $4,313Securities
  • $497Federal funds sold & reverse repurchase agreements
  • $178,839Net loans & leases
  • $2,794Loan loss allowance
  • $0Trading account assets
  • $871Bank premises and fixed assets
  • $634Other real estate owned
  • $0Goodwill and other intangibles
  • $219,588Life insurance assets
  • $8,220All other assets
  • $198,701Total liabilities and capital
  • $186,389Total liabilities
  • $134,067Total deposits
  • $186,389Interest-bearing deposits
  • $75Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $10,082Trading liabilities
  • $0Other borrowed funds
  • $2,230Subordinated debt
  • $20,887All other liabilities
  • $20,887Total equity capital
  • $20,887Total bank equity capital
  • $0Perpetual preferred stock
  • $4,397Common stock
  • $11,372Surplus
  • $5,118Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $362Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $1,690Income earned, not collected on loans
  • $0Earning assets
  • $618Long-term assets (5+ years)
  • $202,877Average Assets, year-to-date
  • $18,681Average Assets, quarterly
  • $204,751Volatile liabilities
  • $213,927Insider loans
  • $176,959FHLB advances
  • $215,538Loans and leases held for sale
  • $4,740Unused loan commitments
  • $4,740Tier 1 (core) risk-based capital
  • $20,891Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $32,008Restructured Loans and leases
  • $5,187Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $9,334Total interest income
  • $1,227Total interest expense
  • $8,107Net interest income
  • $327Provision for loan and lease losses
  • $1,082Total noninterest income
  • $0Fiduciary activities
  • $248Service charges on deposit accounts
  • $0Trading account gains & fees
  • $834Additional noninterest income
  • $6,299Total noninterest expense
  • $4,080Salaries and employee benefits
  • $479Premises and equipment expense
  • $1,740Additional noninterest expense
  • $2,563Pre-tax net operating income
  • $0Securities gains (losses)
  • $0Applicable income taxes
  • $2,563Income before extraordinary items
  • $0Extraordinary gains - net
  • $2,563Net income attributable to bank
  • $0Net charge-offs
  • $2,563Cash dividends
  • $348Sale, conversion, retirement of capital stock, net
  • $675Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.00%Yield on earning assets
  • 0.66%Cost of funding earning assets
  • 4.34%Net interest margin
  • 0.58%Noninterest income to earning assets
  • 3.37%Noninterest expense to earning assets
  • 1.25%Net operating income to assets
  • 1.25%Return on assets (ROA)
  • 1.25%Pretax return on assets
  • 12.89%Return on equity (ROE)
  • 9.49%Retained earnings to average equity (YTD only)
  • 0.21%Net charge-offs to loans
  • 93.97%Credit loss provision to net charge-offs
  • 8.30%Efficiency ratio
  • 68,549Assets per employee
  • 5.11%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 26.34%Loss allowance to loans
  • 1.54%Loss allowance to noncurrent loans
  • 165.33%Noncurrent assets plus other real estate owned to assets
  • 1.06%Noncurrent loans to loans
  • 0.93%Net loans and leases to deposits
  • 95.95%Net loans and leases to core deposits
  • 108.65%Equity capital to assets
  • 9.51%Core capital (leverage) ratio
  • 9.69%Tier 1 risk-based capital ratio
  • 11.81%Total risk-based capital ratio
  • Memoranda
  • $13Average assets
  • $204,751Average earning assets
  • $19,886Average equity
  • $186,700Average loans

List of branches

  • 2 Oklahoma Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    0360642Summit Bank5314 South Yale, Suite 100, Tulsa, OK 74135January 11, 2002Full Service Brick and Mortar
    2519352Summit Bank1001 N.W. 63rd Street, Oklahoma City, OK 73116May 16, 2011Full Service Brick and Mortar

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