Summit Bank in Eugene, Oregon (OR)



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Summit Bank routing number info

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Summit Bank
GeneralFDIC 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
LocationAddress: 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 ChangesCorrections
Merge BIF and SAIF Funds into DIF
Financial SummaryTotal 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)
Total employees (full-time equivalent)26
Total assets$123,227
Cash and due from depository institutions$7,478
Interest-bearing balances$3,042
Securities$18,058
Federal funds sold & reverse repurchase agreements$0
Net loans & leases$90,874
Loan loss allowance $1,475
Trading account assets$0
Bank premises and fixed assets$2,924
Other real estate owned$456
Goodwill and other intangibles$93
All other assets$3,344
Life insurance assets$123,227
Total liabilities and capital$111,705
Total liabilities$101,716
Total deposits$71,298
Interest-bearing deposits$101,716
Deposits held in domestic offices$82
% insured (estimated)4096.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$1,308
Other borrowed funds $0
Subordinated debt $4,585
All other liabilities $11,522
Total equity capital$11,522
Total bank equity capital$11,522
Perpetual preferred stock$0
Common stock$0
Surplus$10,212
Undivided profits $1,310
Memoranda
Noncurrent loans and leases $0
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $0
Income earned, not collected on loans $2,514
Earning assets $0
Long-term assets (5+ years) $397
Average Assets, year-to-date $111,974
Average Assets, quarterly $23,723
Volatile liabilities $123,039
Insider loans $126,258
FHLB advances $99,809
Loans and leases held for sale $127,464
Unused loan commitments $1,795
Tier 1 (core) risk-based capital $0
Tier 2 risk-based capital $11,507
Total risk weighted assets $1,795
Total unused commitments $0
Restructured Loans and leases $16,323
Derivatives$2,921
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $4,841
Total interest expense $523
Net interest income $4,318
Provision for loan and lease losses $189
Total noninterest income $317
Fiduciary activities $0
Service charges on deposit accounts $75
Trading account gains & fees $0
Additional noninterest income $242
Total noninterest expense $3,446
Salaries and employee benefits $2,142
Premises and equipment expense $111
Additional noninterest expense $1,193
Pre-tax net operating income $1,000
Securities gains (losses) $0
Applicable income taxes $383
Income before extraordinary items $617
Extraordinary gains - net $0
Net income attributable to bank $617
Net charge-offs $0
Cash dividends $617
Sale, conversion, retirement of capital stock, net $189
Net operating income $0
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets4.40%
Cost of funding earning assets 0.47%
Net interest margin 3.92%
Noninterest income to earning assets 0.29%
Noninterest expense to earning assets 3.13%
Net operating income to assets 0.50%
Return on assets (ROA) 0.50%
Pretax return on assets 0.81%
Return on equity (ROE) 5.47%
Retained earnings to average equity (YTD only) 5.47%
Net charge-offs to loans 0.21%
Credit loss provision to net charge-offs 100.00%
Efficiency ratio6.29%
Assets per employee$74,347
Cash dividends to net income (YTD only)4.74%
Condition Ratios (%)
Loss allowance to loans 0.00%
Loss allowance to noncurrent loans 1.60%
Noncurrent assets plus other real estate owned to assets 58.67%
Noncurrent loans to loans 2.41%
Net loans and leases to deposits2.72%
Net loans and leases to core deposits 89.34%
Equity capital to assets 94.40%
Core capital (leverage) ratio 9.35%
Tier 1 risk-based capital ratio 9.03%
Total risk-based capital ratio 11.53%
Memoranda
Average assets$13
Average earning assets$123,039
Average equity $11,288
Average loans $110,126
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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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