Summit Bank in Eugene, Oregon (OR)
Overview, Financial Summary, Detailed Financial Reports, Branches


Summit Bank - Overview

  • General
  • FDIC Certificate #: 57706
    Status: Active
    Federal Reserve ID: 3243282
    Date Established: Febuary 23, 2004
    WWW: http://www.summitbankonline.com
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 1 (Domestic: 1, Interstate: No)
    FDIC's unique #: 422240
    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: Febuary 23, 2004
    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: 96 East Broadway, Eugene, OR 97401
    County: Lane
    Quarterly Banking Profile Region: San Francisco
    FDIC Geographic Region: San Francisco
    FDIC Supervisory Region: San Francisco
    FDIC Field Office: Portland
    Office of the Comptroller the Currency (OCC) District: Midwest
    Office of Thrift Supervision Region: West
    Metropolitan Statistical Area (MSA): Eugene-Springfield, OR (#2400)
    Core Based Statistical Area (CBSA): Eugene-Springfield, OR (#21660)
    CBSA Metro Statistical Area: Eugene-Springfield, OR (#21660)
  • History of Changes
  • Corrections
    Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $123.2 mil
    Equity capital: $11.5 mil
    Deposits held in domestic offices: $101.7 mil
    Return on assets (ROA): 0.50% ($0.6 mil)
    Quarterly return on assets: 0.41% ($0.5 mil)
    Return on Equity (ROE): 5.47% ($0.7 mil)
    Quarterly return on equity: 4.50% ($0.5 mil)
    Net income: $0.6 mil
    Quarterly Net income: $0.1 mil
    Pretax return on assets: 0.81% ($998.1 mil)
    Quarterly Pretax return on assets: 0.67% ($825.6 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
  • 26Total employees (full-time equivalent)
  • $123,227Total assets
  • $7,478Cash and due from depository institutions
  • $3,042Interest-bearing balances
  • $18,058Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $90,874Net loans & leases
  • $1,475Loan loss allowance
  • $0Trading account assets
  • $2,924Bank premises and fixed assets
  • $456Other real estate owned
  • $93Goodwill and other intangibles
  • $123,227Life insurance assets
  • $3,344All other assets
  • $111,705Total liabilities and capital
  • $101,716Total liabilities
  • $71,298Total deposits
  • $101,716Interest-bearing deposits
  • $82Deposits held in domestic offices
  • 4096.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $1,308Trading liabilities
  • $0Other borrowed funds
  • $4,585Subordinated debt
  • $11,522All other liabilities
  • $11,522Total equity capital
  • $11,522Total bank equity capital
  • $0Perpetual preferred stock
  • $0Common stock
  • $10,212Surplus
  • $1,310Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $2,514Income earned, not collected on loans
  • $0Earning assets
  • $397Long-term assets (5+ years)
  • $111,974Average Assets, year-to-date
  • $23,723Average Assets, quarterly
  • $123,039Volatile liabilities
  • $126,258Insider loans
  • $99,809FHLB advances
  • $127,464Loans and leases held for sale
  • $1,795Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $11,507Tier 2 risk-based capital
  • $1,795Total risk weighted assets
  • $0Total unused commitments
  • $16,323Restructured Loans and leases
  • $2,921Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $4,841Total interest income
  • $523Total interest expense
  • $4,318Net interest income
  • $189Provision for loan and lease losses
  • $317Total noninterest income
  • $0Fiduciary activities
  • $75Service charges on deposit accounts
  • $0Trading account gains & fees
  • $242Additional noninterest income
  • $3,446Total noninterest expense
  • $2,142Salaries and employee benefits
  • $111Premises and equipment expense
  • $1,193Additional noninterest expense
  • $1,000Pre-tax net operating income
  • $0Securities gains (losses)
  • $383Applicable income taxes
  • $617Income before extraordinary items
  • $0Extraordinary gains - net
  • $617Net income attributable to bank
  • $0Net charge-offs
  • $617Cash dividends
  • $189Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.40%Yield on earning assets
  • 0.47%Cost of funding earning assets
  • 3.92%Net interest margin
  • 0.29%Noninterest income to earning assets
  • 3.13%Noninterest expense to earning assets
  • 0.50%Net operating income to assets
  • 0.50%Return on assets (ROA)
  • 0.81%Pretax return on assets
  • 5.47%Return on equity (ROE)
  • 5.47%Retained earnings to average equity (YTD only)
  • 0.21%Net charge-offs to loans
  • 100.00%Credit loss provision to net charge-offs
  • 6.29%Efficiency ratio
  • 74,347Assets per employee
  • 4.74%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.60%Loss allowance to noncurrent loans
  • 58.67%Noncurrent assets plus other real estate owned to assets
  • 2.41%Noncurrent loans to loans
  • 2.72%Net loans and leases to deposits
  • 89.34%Net loans and leases to core deposits
  • 94.40%Equity capital to assets
  • 9.35%Core capital (leverage) ratio
  • 9.03%Tier 1 risk-based capital ratio
  • 11.53%Total risk-based capital ratio
  • Memoranda
  • $13Average assets
  • $123,039Average earning assets
  • $11,288Average equity
  • $110,126Average loans

List of branches

  • 1 Oregon Branch as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    0422240Summit Bank96 East Broadway, Eugene, OR 97401Febuary 23, 2004Full Service Brick and Mortar

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