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- Banks in Texas (TX)
- Summit Community Bank, National Association
Summit Community Bank, National Association in Fort Worth, Texas (TX)
Overview, Financial Summary, Detailed Financial Reports, Branches
This bank is inactive as of May 14, 2001
- Summit Community Bank, National Association in Fort Worth, Texas (TX)
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Summit Community Bank, National Association - Overview
- General
- FDIC Certificate #: 25104
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Summit Bank, National Association (#21881)
Federal Reserve ID: 463557
Date Established: April 16, 1984
Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
Offices: 5 (Interstate: No)
OTS Docket #: 14575
FDIC's unique #: 17374
Numeric code: 3
Regulator: OCC
Insurance Fund Membership: Bank Insurance Fund (BIF)
Bank Insurance Fund: Yes
Insured commercial Banks: Yes
FDIC Insured: Yes
State Chartered: No
Date of Deposit Insurance: April 16, 1984
Last Structure Change Effective Date: May 14, 2001
Last Structure Change Process Date: June 12, 2001
Last Data Update: June 12, 2001
Data Source Date: April 05, 2012 - Location
- Address: 3859 Camp Bowie Boulevard, Fort Worth, TX 76107
County: Tarrant
Quarterly Banking Profile Region: Dallas
FDIC Geographic Region: Dallas
FDIC Supervisory Region: Dallas
FDIC Field Office: Dallas
Office of the Comptroller the Currency (OCC) District: Southwest
Office of Thrift Supervision Region: West
Metropolitan Statistical Area (MSA): Fort Worth-Arlington, TX (#2800)
Consolidated Metropolitan Statistical Area (CMSA): Dallas-Fort Worth, TX (#31)
Combined Statistical Area (CSA): Dallas-Fort Worth, TX (#206)
Core Based Statistical Area (CBSA): Dallas-Fort Worth-Arlington, TX (#19100)
CBSA Metro Statistical Area: Dallas-Fort Worth-Arlington, TX (#19100)
Core Based Statistical Division: Fort Worth-Arlington, TX (#23104) - Financial Summary
- Total assets: $440.9 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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
- 99Total employees (full-time equivalent)
- $367,762Total assets
- $15,795Cash and due from depository institutions
- $1,081Interest-bearing balances
- $68,203Securities
- $30,525Federal funds sold & reverse repurchase agreements
- $242,357Net loans & leases
- $3,763Loan loss allowance
- $0Trading account assets
- $4,946Bank premises and fixed assets
- $286Other real estate owned
- $0Goodwill and other intangibles
- $0Life insurance assets
- $5,650All other assets
- $367,762Total liabilities and capital
- $338,128Total liabilities
- $332,322Total deposits
- $247,484Interest-bearing deposits
- $332,322Deposits held in domestic offices
- 0.00%% insured (estimated)
- $4,434Federal funds purchased & repurchase agreements
- $0Trading liabilities
- $0Other borrowed funds
- $0Subordinated debt
- $1,372All other liabilities
- $29,634Total equity capital
- $29,634Total bank equity capital
- $29,634Perpetual preferred stock
- $0Common stock
- $2,950Surplus
- $3,274Undivided profits
- Memoranda
- $23,410Noncurrent loans and leases
- $64,564Noncurrent loans that are wholly or partially guaranteed by the U.S. government
- $0Income earned, not collected on loans
- $816Earning assets
- $0Long-term assets (5+ years)
- $2,017Average Assets, year-to-date
- $342,166Average Assets, quarterly
- $28,085Volatile liabilities
- $350,007Insider loans
- $366,865FHLB advances
- $47,236Loans and leases held for sale
- $2,080Unused loan commitments
- $0Tier 1 (core) risk-based capital
- $0Tier 2 risk-based capital
- $0Total risk weighted assets
- $64,564Total unused commitments
- $0Restructured Loans and leases
- $3,374Derivatives
Income and Expense (December 31, 2000)
- Dollar figures in thousands
- $29,598Total interest income
- $11,424Total interest expense
- $18,174Net interest income
- $887Provision for loan and lease losses
- $2,326Total noninterest income
- $0Fiduciary activities
- $1,488Service charges on deposit accounts
- $0Trading account gains & fees
- $838Additional noninterest income
- $10,205Total noninterest expense
- $5,352Salaries and employee benefits
- $1,339Premises and equipment expense
- $3,514Additional noninterest expense
- $9,408Pre-tax net operating income
- -$5Securities gains (losses)
- $3,276Applicable income taxes
- $6,127Income before extraordinary items
- $0Extraordinary gains - net
- $6,127Net income attributable to bank
- $0Net charge-offs
- $0Cash dividends
- $521Sale, conversion, retirement of capital stock, net
- $2,125Net operating income
Performance and Condition Ratios (December 31, 2000)
- Dollar figures in thousands
- Performance Ratios (%, annualized)
- 9.11%Yield on earning assets
- 3.52%Cost of funding earning assets
- 5.59%Net interest margin
- 0.72%Noninterest income to earning assets
- 3.14%Noninterest expense to earning assets
- 1.75%Net operating income to assets
- 1.75%Return on assets (ROA)
- 2.69%Pretax return on assets
- 22.95%Return on equity (ROE)
- 14.99%Retained earnings to average equity (YTD only)
- 0.22%Net charge-offs to loans
- 170.25%Credit loss provision to net charge-offs
- 19.76%Efficiency ratio
- 49,780Assets per employee
- 3.71%Cash dividends to net income (YTD only)
- Condition Ratios (%)
- 34.68%Loss allowance to loans
- 1.53%Loss allowance to noncurrent loans
- 461.15%Noncurrent assets plus other real estate owned to assets
- 0.30%Noncurrent loans to loans
- 0.33%Net loans and leases to deposits
- 72.93%Net loans and leases to core deposits
- 83.71%Equity capital to assets
- 8.06%Core capital (leverage) ratio
- 8.06%Tier 1 risk-based capital ratio
- 10.99%Total risk-based capital ratio
- Memoranda
- $12Average assets
- $350,007Average earning assets
- $26,699Average equity
- $324,855Average loans
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- Banks in Texas (TX)
- Summit Community Bank, National Association
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