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)
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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

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