Summit Community Bank in Maplewood, Minnesota (MN)
Overview, Financial Summary, Detailed Financial Reports, Branches

  • Summit Community Bank in Maplewood, Minnesota (MN)
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Summit Community Bank - Overview

  • General
  • FDIC Certificate #: 58552
    Status: Active
    Federal Reserve ID: 3557895
    Bank Holding Company (Regulatory Top Holder): Hayward Bancshares, Inc. (RSSDID: 1863659, Location: Eau Claire, WI)
    Date Established: May 07, 2007
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
    Offices: 1 (Domestic: 1, Interstate: No)
    FDIC's unique #: 456195
    Numeric code: 13
    Regulator: FED
    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: Yes
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: May 07, 2007
    Last Structure Change Effective Date: May 07, 2007
    Last Structure Change Process Date: May 08, 2007
    Last Data Update: May 08, 2007
    Data Source Date: April 05, 2012
  • Location
  • Address: 1275 East County Road D, Maplewood, MN 55109
    County: Ramsey
    Quarterly Banking Profile Region: Kansas City
    FDIC Geographic Region: Kansas City
    FDIC Supervisory Region: Chicago
    FDIC Field Office: Minneapolis
    Office of the Comptroller the Currency (OCC) District: Central
    Office of Thrift Supervision Region: West
    Metropolitan Statistical Area (MSA): Minneapolis-St. Paul, MN-WI (#5120)
    Combined Statistical Area (CSA): Minneapolis-St. Paul-St. Cloud, MN-WI (#378)
    Core Based Statistical Area (CBSA): Minneapolis-St. Paul-Bloomington, MN-WI (#33460)
    CBSA Metro Statistical Area: Minneapolis-St. Paul-Bloomington, MN-WI (#33460)
  • History of Changes
  • Change in Geographic Region/Area/Territory/Field Office
    New Institution
  • Financial Summary
  • Total assets: $61.9 mil
    Equity capital: $9.7 mil
    Deposits held in domestic offices: $49.1 mil
    Return on assets (ROA): 1.22% ($0.8 mil)
    Quarterly return on assets: 1.81% ($1.1 mil)
    Return on Equity (ROE): 8.90% ($0.9 mil)
    Quarterly return on equity: 11.90% ($1.2 mil)
    Net income: $0.8 mil
    Quarterly Net income: $0.3 mil
    Pretax return on assets: 1.22% ($755.7 mil)
    Quarterly Pretax return on assets: 1.81% ($1,121.1 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
  • 8Total employees (full-time equivalent)
  • $61,940Total assets
  • $9,874Cash and due from depository institutions
  • $9,056Interest-bearing balances
  • $6,530Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $41,449Net loans & leases
  • $741Loan loss allowance
  • $0Trading account assets
  • $133Bank premises and fixed assets
  • $540Other real estate owned
  • $0Goodwill and other intangibles
  • $61,940Life insurance assets
  • $3,414All other assets
  • $52,261Total liabilities and capital
  • $49,121Total liabilities
  • $41,059Total deposits
  • $49,121Interest-bearing deposits
  • $86Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $3,000Trading liabilities
  • $0Other borrowed funds
  • $140Subordinated debt
  • $9,679All other liabilities
  • $9,679Total equity capital
  • $9,679Total bank equity capital
  • $0Perpetual preferred stock
  • $500Common stock
  • $7,000Surplus
  • $2,179Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $890Income earned, not collected on loans
  • $0Earning assets
  • $216Long-term assets (5+ years)
  • $57,035Average Assets, year-to-date
  • $9,578Average Assets, quarterly
  • $65,559Volatile liabilities
  • $62,383Insider loans
  • $43,469FHLB advances
  • $62,564Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $9,194Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $6,418Restructured Loans and leases
  • $20Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $3,089Total interest income
  • $602Total interest expense
  • $2,487Net interest income
  • $250Provision for loan and lease losses
  • $39Total noninterest income
  • $0Fiduciary activities
  • $55Service charges on deposit accounts
  • $0Trading account gains & fees
  • -$16Additional noninterest income
  • $1,478Total noninterest expense
  • $692Salaries and employee benefits
  • $156Premises and equipment expense
  • $630Additional noninterest expense
  • $798Pre-tax net operating income
  • $0Securities gains (losses)
  • $0Applicable income taxes
  • $798Income before extraordinary items
  • $0Extraordinary gains - net
  • $798Net income attributable to bank
  • $0Net charge-offs
  • $798Cash dividends
  • $333Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.13%Yield on earning assets
  • 1.00%Cost of funding earning assets
  • 4.13%Net interest margin
  • 0.06%Noninterest income to earning assets
  • 2.46%Noninterest expense to earning assets
  • 1.22%Net operating income to assets
  • 1.22%Return on assets (ROA)
  • 1.22%Pretax return on assets
  • 8.90%Return on equity (ROE)
  • 8.90%Retained earnings to average equity (YTD only)
  • 0.78%Net charge-offs to loans
  • 75.08%Credit loss provision to net charge-offs
  • 3.15%Efficiency ratio
  • 58,511Assets per employee
  • 7.74%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.76%Loss allowance to noncurrent loans
  • 83.26%Noncurrent assets plus other real estate owned to assets
  • 2.31%Noncurrent loans to loans
  • 2.11%Net loans and leases to deposits
  • 84.38%Net loans and leases to core deposits
  • 92.48%Equity capital to assets
  • 15.63%Core capital (leverage) ratio
  • 14.70%Tier 1 risk-based capital ratio
  • 21.15%Total risk-based capital ratio
  • Memoranda
  • $22Average assets
  • $65,559Average earning assets
  • $8,961Average equity
  • $60,198Average loans

List of branches

  • 1 Minnesota Branch as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    0456195Summit Community Bank1275 East County Road D, Maplewood, MN 55109May 07, 2007Full Service Brick and Mortar

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