Summit Bank & Trust in Broomfield, Colorado (CO)
Overview, Financial Summary, Detailed Financial Reports, Branches

  • Summit Bank & Trust in Broomfield, Colorado (CO)
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Summit Bank & Trust - Overview

  • General
  • FDIC Certificate #: 58458
    Status: Active
    Federal Reserve ID: 3465226
    Bank Holding Company (Regulatory Top Holder): Heartland Financial Usa, Inc. (RSSDID: 1206546, Location: Dubuque, IA)
    Date Established: November 01, 2006
    Trust Powers Granted: Yes
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 3 (Domestic: 3, Interstate: No)
    FDIC's unique #: 452215
    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: November 01, 2006
    Last Structure Change Effective Date: October 04, 2011
    Last Structure Change Process Date: October 04, 2011
    Last Data Update: October 04, 2011
    Data Source Date: April 05, 2012
  • Location
  • Address: 2002 East Coalton Road, Broomfield, CO 80021
    County: Broomfield
    Quarterly Banking Profile Region: Dallas
    FDIC Geographic Region: Dallas
    FDIC Supervisory Region: Kansas City
    FDIC Field Office: Denver
    Office of the Comptroller the Currency (OCC) District: Midwest
    Office of Thrift Supervision Region: Western
    Combined Statistical Area (CSA): Denver-Aurora-Boulder, CO (#216)
    Core Based Statistical Area (CBSA): Denver-Aurora-Broomfield, CO (#19740)
    CBSA Metro Statistical Area: Denver-Aurora-Broomfield, CO (#19740)
  • Financial Summary
  • Total assets: $101.1 mil
    Equity capital: $12.4 mil
    Deposits held in domestic offices: $81.2 mil
    Return on assets (ROA): -0.83% (-$0.8 mil)
    Quarterly return on assets: -0.62% (-$0.6 mil)
    Return on Equity (ROE): -6.40% (-$0.8 mil)
    Quarterly return on equity: -4.94% (-$0.6 mil)
    Net income: -$0.8 mil
    Quarterly Net income: -$0.2 mil
    Pretax return on assets: -1.53% (-$1,547.2 mil)
    Quarterly Pretax return on assets: -1.20% (-$1,213.5 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
  • 38Total employees (full-time equivalent)
  • $101,122Total assets
  • $951Cash and due from depository institutions
  • $6Interest-bearing balances
  • $24,716Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $63,232Net loans & leases
  • $1,012Loan loss allowance
  • $0Trading account assets
  • $7,888Bank premises and fixed assets
  • $344Other real estate owned
  • $399Goodwill and other intangibles
  • $101,122Life insurance assets
  • $3,592All other assets
  • $88,681Total liabilities and capital
  • $81,224Total liabilities
  • $66,794Total deposits
  • $81,224Interest-bearing deposits
  • $94Deposits held in domestic offices
  • 6550.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $907Subordinated debt
  • $12,441All other liabilities
  • $12,441Total equity capital
  • $12,441Total bank equity capital
  • $0Perpetual preferred stock
  • $2,449Common stock
  • $18,526Surplus
  • $-8,534Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $1,833Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $2,848Income earned, not collected on loans
  • $0Earning assets
  • $357Long-term assets (5+ years)
  • $87,954Average Assets, year-to-date
  • $22,777Average Assets, quarterly
  • $96,959Volatile liabilities
  • $100,325Insider loans
  • $75,938FHLB advances
  • $95,749Loans and leases held for sale
  • $1,936Unused loan commitments
  • $1,936Tier 1 (core) risk-based capital
  • $11,220Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $14,725Restructured Loans and leases
  • $3,771Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $4,040Total interest income
  • $1,168Total interest expense
  • $2,872Net interest income
  • $1,179Provision for loan and lease losses
  • $1,288Total noninterest income
  • $0Fiduciary activities
  • $135Service charges on deposit accounts
  • $0Trading account gains & fees
  • $1,153Additional noninterest income
  • $4,714Total noninterest expense
  • $2,256Salaries and employee benefits
  • $1,011Premises and equipment expense
  • $1,447Additional noninterest expense
  • -$1,733Pre-tax net operating income
  • $250Securities gains (losses)
  • -$681Applicable income taxes
  • -$802Income before extraordinary items
  • $0Extraordinary gains - net
  • -$802Net income attributable to bank
  • $0Net charge-offs
  • -$802Cash dividends
  • $1,438Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.87%Yield on earning assets
  • 1.41%Cost of funding earning assets
  • 3.46%Net interest margin
  • 1.55%Noninterest income to earning assets
  • 5.68%Noninterest expense to earning assets
  • -0.99%Net operating income to assets
  • -0.83%Return on assets (ROA)
  • -1.53%Pretax return on assets
  • -6.40%Return on equity (ROE)
  • -6.40%Retained earnings to average equity (YTD only)
  • 2.70%Net charge-offs to loans
  • 81.99%Credit loss provision to net charge-offs
  • -0.39%Efficiency ratio
  • 112,067Assets per employee
  • 2.66%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.58%Loss allowance to noncurrent loans
  • 35.53%Noncurrent assets plus other real estate owned to assets
  • 3.16%Noncurrent loans to loans
  • 4.43%Net loans and leases to deposits
  • 77.85%Net loans and leases to core deposits
  • 88.08%Equity capital to assets
  • 12.30%Core capital (leverage) ratio
  • 11.72%Tier 1 risk-based capital ratio
  • 14.78%Total risk-based capital ratio
  • Memoranda
  • $16Average assets
  • $96,959Average earning assets
  • $12,535Average equity
  • $83,031Average loans

List of branches

  • 3 Colorado Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    0452215Summit Bank & Trust2002 East Coalton Road, Broomfield, CO 80021November 01, 2006Full Service Brick and Mortar
    1463046Larkridge Branch16501 Washington Street, Thornton, CO 80023May 14, 2007Full Service Brick and Mortar
    2468932Summit Bank & Trust199 South Briggs Street, Erie, CO 80516October 29, 2007Full Service Brick and Mortar

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