Summit Bank of Kansas City in Lees Summit, Missouri (MO)
Overview, Financial Summary, Detailed Financial Reports, Branches

  • Summit Bank of Kansas City in Lees Summit, Missouri (MO)
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Summit Bank of Kansas City - Overview

  • General
  • FDIC Certificate #: 1627
    Status: Active
    Federal Reserve ID: 3386983
    Bank Holding Company (Regulatory Top Holder): Capitol Bancorp Ltd. (RSSDID: 1247334, Location: Lansing, MI)
    Date Established: July 22, 1902
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 1 (Domestic: 1, Interstate: No)
    OTS Docket #: 13108
    FDIC's unique #: 1067
    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: January 01, 1934
    Last Structure Change Effective Date: August 12, 2010
    Last Structure Change Process Date: August 12, 2010
    Last Data Update: August 12, 2010
    Data Source Date: April 05, 2012
  • Location
  • Address: 1650 Northeast Grand, Lees Summit, MO 64086
    County: Jackson
    Quarterly Banking Profile Region: Kansas City
    FDIC Geographic Region: Kansas City
    FDIC Supervisory Region: Chicago
    FDIC Field Office: Kansas City
    Office of the Comptroller the Currency (OCC) District: Midwest
    Office of Thrift Supervision Region: West
    Metropolitan Statistical Area (MSA): Kansas City, MO-KS (#3760)
    Combined Statistical Area (CSA): Kansas City-Overland Park-Kansas City, MO-KS (#312)
    Core Based Statistical Area (CBSA): Kansas City, MO-KS (#28140)
    CBSA Metro Statistical Area: Kansas City, MO-KS (#28140)
  • History of Changes
  • Change in Geographic Region/Area/Territory/Field Office
  • Financial Summary
  • Total assets: $49.7 mil
    Equity capital: $4.7 mil
    Deposits held in domestic offices: $42.9 mil
    Return on assets (ROA): -1.69% (-$0.8 mil)
    Quarterly return on assets: -2.11% (-$1.1 mil)
    Return on Equity (ROE): -17.12% (-$0.9 mil)
    Quarterly return on equity: -22.50% (-$1.1 mil)
    Net income: -$0.9 mil
    Quarterly Net income: -$0.3 mil
    Pretax return on assets: -1.69% (-$839.9 mil)
    Quarterly Pretax return on assets: -2.11% (-$1,048.6 mil)

1992 - 1999 Historical total assets, liabilities and capital ($ 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
  • 14Total employees (full-time equivalent)
  • $49,696Total assets
  • $9,663Cash and due from depository institutions
  • $8,886Interest-bearing balances
  • $0Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $38,828Net loans & leases
  • $1,372Loan loss allowance
  • $0Trading account assets
  • $288Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $49,696Life insurance assets
  • $917All other assets
  • $45,030Total liabilities and capital
  • $42,904Total liabilities
  • $37,585Total deposits
  • $42,904Interest-bearing deposits
  • $93Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $2,100Trading liabilities
  • $0Other borrowed funds
  • $26Subordinated debt
  • $4,666All other liabilities
  • $4,666Total equity capital
  • $4,666Total bank equity capital
  • $0Perpetual preferred stock
  • $4,150Common stock
  • $4,150Surplus
  • $-3,634Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $838Income earned, not collected on loans
  • $359Earning assets
  • $161Long-term assets (5+ years)
  • $47,714Average Assets, year-to-date
  • $2,989Average Assets, quarterly
  • $52,789Volatile liabilities
  • $51,148Insider loans
  • $36,485FHLB advances
  • $51,745Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $4,666Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $7,442Restructured Loans and leases
  • $2,437Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $2,639Total interest income
  • $650Total interest expense
  • $1,989Net interest income
  • $1,075Provision for loan and lease losses
  • $668Total noninterest income
  • $0Fiduciary activities
  • $101Service charges on deposit accounts
  • $0Trading account gains & fees
  • $567Additional noninterest income
  • $2,473Total noninterest expense
  • $935Salaries and employee benefits
  • $277Premises and equipment expense
  • $1,261Additional noninterest expense
  • -$891Pre-tax net operating income
  • $0Securities gains (losses)
  • $0Applicable income taxes
  • -$891Income before extraordinary items
  • $0Extraordinary gains - net
  • -$891Net income attributable to bank
  • $0Net charge-offs
  • -$891Cash dividends
  • $906Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.22%Yield on earning assets
  • 1.29%Cost of funding earning assets
  • 3.94%Net interest margin
  • 1.32%Noninterest income to earning assets
  • 4.89%Noninterest expense to earning assets
  • -1.69%Net operating income to assets
  • -1.69%Return on assets (ROA)
  • -1.69%Pretax return on assets
  • -17.12%Return on equity (ROE)
  • -17.12%Retained earnings to average equity (YTD only)
  • 2.09%Net charge-offs to loans
  • 118.65%Credit loss provision to net charge-offs
  • 0.20%Efficiency ratio
  • 93,075Assets per employee
  • 3.55%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 3.41%Loss allowance to noncurrent loans
  • 163.72%Noncurrent assets plus other real estate owned to assets
  • 1.69%Noncurrent loans to loans
  • 2.08%Net loans and leases to deposits
  • 90.50%Net loans and leases to core deposits
  • 99.13%Equity capital to assets
  • 9.39%Core capital (leverage) ratio
  • 9.02%Tier 1 risk-based capital ratio
  • 12.79%Total risk-based capital ratio
  • Memoranda
  • $14Average assets
  • $52,789Average earning assets
  • $5,203Average equity
  • $50,532Average loans

List of branches

  • 1 Missouri Branch as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    01067Summit Bank Of Kansas City1650 Northeast Grand, Lees Summit, MO 64086July 22, 1902Full Service Brick and Mortar

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