Summit Community Bank in East Lansing, Michigan (MI)
Overview, Financial Summary, Detailed Financial Reports, Branches

  • Summit Community Bank in East Lansing, Michigan (MI)
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Summit Community Bank - Overview

  • General
  • FDIC Certificate #: 57401
    Status: Active
    Federal Reserve ID: 3134250
    Bank Holding Company (Regulatory Top Holder): Scb Bancorp, Inc. (RSSDID: 3135640, Location: East Lansing, MI)
    Date Established: December 27, 2002
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 2 (Domestic: 2, Interstate: No)
    FDIC's unique #: 363166
    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: December 27, 2002
    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
  • Location
  • Address: 1600 Abbott Road, East Lansing, MI 48823
    County: Ingham
    Quarterly Banking Profile Region: Chicago
    FDIC Geographic Region: Chicago
    FDIC Supervisory Region: Chicago
    FDIC Field Office: Detroit
    Office of the Comptroller the Currency (OCC) District: Central
    Office of Thrift Supervision Region: Central
    Metropolitan Statistical Area (MSA): Lansing-East Lansing, MI (#4040)
    Combined Statistical Area (CSA): Lansing-East Lansing-Owosso, MI (#330)
    Core Based Statistical Area (CBSA): Lansing-East Lansing, MI (#29620)
    CBSA Metro Statistical Area: Lansing-East Lansing, MI (#29620)
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $157.3 mil
    Equity capital: $14.2 mil
    Deposits held in domestic offices: $125.5 mil
    Return on assets (ROA): 0.38% ($0.6 mil)
    Quarterly return on assets: 0.74% ($1.2 mil)
    Return on Equity (ROE): 4.38% ($0.6 mil)
    Quarterly return on equity: 8.25% ($1.2 mil)
    Net income: $0.6 mil
    Quarterly Net income: $0.3 mil
    Pretax return on assets: 0.57% ($896.8 mil)
    Quarterly Pretax return on assets: 1.11% ($1,746.5 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
  • 65Total employees (full-time equivalent)
  • $157,340Total assets
  • $8,769Cash and due from depository institutions
  • $4,003Interest-bearing balances
  • $14,413Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $122,427Net loans & leases
  • $1,729Loan loss allowance
  • $0Trading account assets
  • $3,251Bank premises and fixed assets
  • $1,761Other real estate owned
  • $177Goodwill and other intangibles
  • $157,340Life insurance assets
  • $6,542All other assets
  • $143,184Total liabilities and capital
  • $125,540Total liabilities
  • $97,523Total deposits
  • $125,540Interest-bearing deposits
  • $90Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $16,425Trading liabilities
  • $0Other borrowed funds
  • $1,219Subordinated debt
  • $14,156All other liabilities
  • $14,156Total equity capital
  • $14,156Total bank equity capital
  • $0Perpetual preferred stock
  • $1,000Common stock
  • $11,263Surplus
  • $1,893Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $15,535Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $1,658Income earned, not collected on loans
  • $0Earning assets
  • $421Long-term assets (5+ years)
  • $140,843Average Assets, year-to-date
  • $54,482Average Assets, quarterly
  • $156,346Volatile liabilities
  • $157,522Insider loans
  • $111,348FHLB advances
  • $157,102Loans and leases held for sale
  • $1,986Unused loan commitments
  • $1,986Tier 1 (core) risk-based capital
  • $13,826Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $12,771Restructured Loans and leases
  • $1,999Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $7,109Total interest income
  • $1,661Total interest expense
  • $5,448Net interest income
  • $400Provision for loan and lease losses
  • $4,115Total noninterest income
  • $0Fiduciary activities
  • $97Service charges on deposit accounts
  • $0Trading account gains & fees
  • $4,018Additional noninterest income
  • $8,271Total noninterest expense
  • $4,786Salaries and employee benefits
  • $954Premises and equipment expense
  • $2,531Additional noninterest expense
  • $892Pre-tax net operating income
  • -$3Securities gains (losses)
  • $288Applicable income taxes
  • $601Income before extraordinary items
  • $0Extraordinary gains - net
  • $601Net income attributable to bank
  • $0Net charge-offs
  • $601Cash dividends
  • $478Sale, conversion, retirement of capital stock, net
  • $67Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.05%Yield on earning assets
  • 1.18%Cost of funding earning assets
  • 3.87%Net interest margin
  • 2.93%Noninterest income to earning assets
  • 5.88%Noninterest expense to earning assets
  • 0.39%Net operating income to assets
  • 0.38%Return on assets (ROA)
  • 0.57%Pretax return on assets
  • 4.38%Return on equity (ROE)
  • 3.89%Retained earnings to average equity (YTD only)
  • 0.39%Net charge-offs to loans
  • 83.68%Credit loss provision to net charge-offs
  • 2.70%Efficiency ratio
  • 86,490Assets per employee
  • 2.42%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 11.15%Loss allowance to loans
  • 1.39%Loss allowance to noncurrent loans
  • 104.28%Noncurrent assets plus other real estate owned to assets
  • 2.17%Noncurrent loans to loans
  • 1.34%Net loans and leases to deposits
  • 97.52%Net loans and leases to core deposits
  • 104.10%Equity capital to assets
  • 9.00%Core capital (leverage) ratio
  • 8.80%Tier 1 risk-based capital ratio
  • 12.42%Total risk-based capital ratio
  • Memoranda
  • $14Average assets
  • $156,346Average earning assets
  • $13,731Average equity
  • $140,683Average loans

List of branches

  • 2 Michigan Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    0363166Summit Community Bank1600 Abbott Road, East Lansing, MI 48823December 27, 2002Full Service Brick and Mortar
    1478832Summit Community Bank Branch2151 West Grand River, Okemos, MI 48864September 15, 2007Full Service Brick and Mortar

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