Summit Bank in Bethlehem, Pennsylvania (PA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of March 01, 2001

  • Summit Bank in Bethlehem, Pennsylvania (PA)
  • Show street view No street view available for this location

Summit Bank - Overview

  • General
  • FDIC Certificate #: 7406
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Fleet National Bank (#2558)
    Federal Reserve ID: 692115
    Date Established: December 01, 1863
    Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
    Offices: 107 (Interstate: No)
    OTS Docket #: 12837
    FDIC's unique #: 4828
    Numeric code: 13
    Regulator: FED
    Insurance Fund Membership: Bank Insurance Fund (BIF)
    Bank Insurance Fund: Yes
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Oakar Institutions: Yes
    State Chartered: Yes
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: March 01, 2001
    Last Structure Change Process Date: April 18, 2001
    Last Data Update: April 18, 2001
    Data Source Date: April 05, 2012
  • Location
  • Address: One Bethlehem Plaza, Bethlehem, PA 18018
    County: Northampton
    Quarterly Banking Profile Region: New York
    FDIC Geographic Region: New York
    FDIC Supervisory Region: New York
    FDIC Field Office: Philadelphia
    Office of the Comptroller the Currency (OCC) District: Northeast
    Office of Thrift Supervision Region: Northeast
    Metropolitan Statistical Area (MSA): Allentown-Bethlehem-Easton, PA (#240)
    Core Based Statistical Area (CBSA): Allentown-Bethlehem-Easton, PA-NJ (#10900)
    CBSA Metro Statistical Area: Allentown-Bethlehem-Easton, PA-NJ (#10900)
  • Financial Summary
  • Total assets: $4,501.7 mil

1992 - 1999 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, 2000)

  • Dollar figures in thousands
  • 1,048Total employees (full-time equivalent)
  • $4,501,677Total assets
  • $137,652Cash and due from depository institutions
  • $982Interest-bearing balances
  • $704,825Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $3,319,767Net loans & leases
  • $32,678Loan loss allowance
  • $7,990Trading account assets
  • $27,969Bank premises and fixed assets
  • $2,816Other real estate owned
  • $206,092Goodwill and other intangibles
  • $0Life insurance assets
  • $94,566All other assets
  • $4,501,677Total liabilities and capital
  • $3,946,922Total liabilities
  • $3,023,855Total deposits
  • $2,566,009Interest-bearing deposits
  • $3,023,855Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $323,060Federal funds purchased & repurchase agreements
  • $34,527Trading liabilities
  • $489,725Other borrowed funds
  • $14,000Subordinated debt
  • $61,755All other liabilities
  • $554,755Total equity capital
  • $554,755Total bank equity capital
  • $554,755Perpetual preferred stock
  • $0Common stock
  • $14,899Surplus
  • $361,622Undivided profits
  • Memoranda
  • $178,234Noncurrent loans and leases
  • $1,036,025Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $22,519Earning assets
  • $1,651Long-term assets (5+ years)
  • $34,269Average Assets, year-to-date
  • $4,033,564Average Assets, quarterly
  • $1,068,538Volatile liabilities
  • $4,429,883Insider loans
  • $4,507,907FHLB advances
  • $852,471Loans and leases held for sale
  • $78,745Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $223,748Tier 2 risk-based capital
  • $417Total risk weighted assets
  • $1,036,025Total unused commitments
  • $0Restructured Loans and leases
  • $35,492Derivatives

Income and Expense (December 31, 2000)

  • Dollar figures in thousands
  • $325,399Total interest income
  • $166,719Total interest expense
  • $158,680Net interest income
  • $10,543Provision for loan and lease losses
  • $69,610Total noninterest income
  • $5,542Fiduciary activities
  • $14,394Service charges on deposit accounts
  • $411Trading account gains & fees
  • $49,263Additional noninterest income
  • $150,278Total noninterest expense
  • $61,282Salaries and employee benefits
  • $21,959Premises and equipment expense
  • $67,037Additional noninterest expense
  • $67,469Pre-tax net operating income
  • $70Securities gains (losses)
  • $26,997Applicable income taxes
  • $40,542Income before extraordinary items
  • $0Extraordinary gains - net
  • $40,542Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $15,575Sale, conversion, retirement of capital stock, net
  • $25,318Net operating income

Performance and Condition Ratios (December 31, 2000)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 8.23%Yield on earning assets
  • 4.22%Cost of funding earning assets
  • 4.01%Net interest margin
  • 1.76%Noninterest income to earning assets
  • 3.80%Noninterest expense to earning assets
  • 0.91%Net operating income to assets
  • 0.92%Return on assets (ROA)
  • 1.52%Pretax return on assets
  • 7.53%Return on equity (ROE)
  • 2.83%Retained earnings to average equity (YTD only)
  • 0.48%Net charge-offs to loans
  • 67.69%Credit loss provision to net charge-offs
  • 5.01%Efficiency ratio
  • 60,702Assets per employee
  • 4.30%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 62.45%Loss allowance to loans
  • 0.97%Loss allowance to noncurrent loans
  • 145.11%Noncurrent assets plus other real estate owned to assets
  • 0.50%Noncurrent loans to loans
  • 0.67%Net loans and leases to deposits
  • 109.79%Net loans and leases to core deposits
  • 119.34%Equity capital to assets
  • 12.32%Core capital (leverage) ratio
  • 8.18%Tier 1 risk-based capital ratio
  • 9.13%Total risk-based capital ratio
  • Memoranda
  • $10Average assets
  • $4,429,883Average earning assets
  • $538,146Average equity
  • $3,953,424Average loans

Comment about this bank, ask questions, or add new information about it:

CAPTCHA

This web site is not associated with, endorsed by, or sponsored by and has no official or unofficial affiliation with Summit Bank.
Based on public records. Inadvertent errors are possible.
bankencyclopedia.com does not guarantee the accuracy or timeliness of any information on this site.  Use at your own risk.
Table of Contents