Summit National Bank in Hulett, Wyoming (WY), ID, MT
Overview, Financial Summary, Detailed Financial Reports, Branches

Summit National Bank - Overview

  • General
  • FDIC Certificate #: 25054
    Status: Active
    Federal Reserve ID: 78559
    Bank Holding Company (Regulatory Top Holder): Hulett Bancorp (RSSDID: 3402511, Location: Hulett, WY)
    Date Established: Febuary 28, 1984
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 5 (Domestic: 5, Interstate: Yes)
    FDIC's unique #: 17340
    Numeric code: 3
    Regulator: OCC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    Agricultural lending institution: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: No
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Agricultural Specialization
    Date of Deposit Insurance: Febuary 28, 1984
    Last Structure Change Effective Date: August 28, 2009
    Last Structure Change Process Date: September 21, 2009
    Last Data Update: September 21, 2009
    Data Source Date: April 05, 2012
  • Location
  • Address: 133 Main Street, Hulett, WY 82720
    County: Crook
    Quarterly Banking Profile Region: San Francisco
    FDIC Geographic Region: San Francisco
    FDIC Supervisory Region: San Francisco
    FDIC Field Office: Billings
    Office of the Comptroller the Currency (OCC) District: Midwest
    Office of Thrift Supervision Region: West
  • History of Changes
  • Participated in Absorption/Consolidation/Merger
  • Financial Summary
  • Total assets: $71.5 mil
    Equity capital: $6.7 mil
    Deposits held in domestic offices: $61.4 mil
    Return on assets (ROA): 0.76% ($0.5 mil)
    Quarterly return on assets: -0.36% (-$0.3 mil)
    Return on Equity (ROE): 8.44% ($0.6 mil)
    Quarterly return on equity: -3.86% (-$0.3 mil)
    Net income: $0.6 mil
    Quarterly Net income: -$0.1 mil
    Pretax return on assets: 0.84% ($600.6 mil)
    Quarterly Pretax return on assets: -0.47% (-$336.1 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
  • 24Total employees (full-time equivalent)
  • $71,501Total assets
  • $4,524Cash and due from depository institutions
  • $3,720Interest-bearing balances
  • $18,374Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $42,808Net loans & leases
  • $638Loan loss allowance
  • $0Trading account assets
  • $3,200Bank premises and fixed assets
  • $284Other real estate owned
  • $754Goodwill and other intangibles
  • $71,501Life insurance assets
  • $1,557All other assets
  • $64,822Total liabilities and capital
  • $61,446Total liabilities
  • $48,654Total deposits
  • $61,446Interest-bearing deposits
  • $89Deposits held in domestic offices
  • 1506.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $1,500Trading liabilities
  • $0Other borrowed funds
  • $370Subordinated debt
  • $6,679All other liabilities
  • $6,679Total equity capital
  • $6,679Total bank equity capital
  • $0Perpetual preferred stock
  • $420Common stock
  • $3,946Surplus
  • $2,313Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $835Income earned, not collected on loans
  • $0Earning assets
  • $978Long-term assets (5+ years)
  • $64,902Average Assets, year-to-date
  • $28,212Average Assets, quarterly
  • $73,022Volatile liabilities
  • $73,113Insider loans
  • $48,212FHLB advances
  • $74,736Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $5,802Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $4,834Restructured Loans and leases
  • $569Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $3,617Total interest income
  • $513Total interest expense
  • $3,104Net interest income
  • $347Provision for loan and lease losses
  • $327Total noninterest income
  • $0Fiduciary activities
  • $137Service charges on deposit accounts
  • $0Trading account gains & fees
  • $190Additional noninterest income
  • $2,640Total noninterest expense
  • $1,390Salaries and employee benefits
  • $426Premises and equipment expense
  • $824Additional noninterest expense
  • $444Pre-tax net operating income
  • $173Securities gains (losses)
  • $63Applicable income taxes
  • $554Income before extraordinary items
  • $0Extraordinary gains - net
  • $554Net income attributable to bank
  • $0Net charge-offs
  • $554Cash dividends
  • $491Sale, conversion, retirement of capital stock, net
  • $377Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.57%Yield on earning assets
  • 0.79%Cost of funding earning assets
  • 4.78%Net interest margin
  • 0.50%Noninterest income to earning assets
  • 4.07%Noninterest expense to earning assets
  • 0.55%Net operating income to assets
  • 0.76%Return on assets (ROA)
  • 0.84%Pretax return on assets
  • 8.44%Return on equity (ROE)
  • 2.70%Retained earnings to average equity (YTD only)
  • 1.12%Net charge-offs to loans
  • 70.67%Credit loss provision to net charge-offs
  • 1.61%Efficiency ratio
  • 76,945Assets per employee
  • 2.98%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 68.05%Loss allowance to loans
  • 1.47%Loss allowance to noncurrent loans
  • 76.41%Noncurrent assets plus other real estate owned to assets
  • 1.57%Noncurrent loans to loans
  • 1.92%Net loans and leases to deposits
  • 69.67%Net loans and leases to core deposits
  • 71.64%Equity capital to assets
  • 9.34%Core capital (leverage) ratio
  • 7.76%Tier 1 risk-based capital ratio
  • 12.03%Total risk-based capital ratio
  • Memoranda
  • $13Average assets
  • $73,022Average earning assets
  • $6,568Average equity
  • $64,926Average loans

List of branches

  • 1 Idaho Branch as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    8527678Salmon Branch100 Courthouse Drive, Suite A, Salmon, ID 83467November 21, 2011Full Service Brick and Mortar
  • 1 Montana Branch as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    71437Ekalaka Branch307 North Main Street, Ekalaka, MT 59324January 01, 1919Full Service Brick and Mortar
  • 3 Wyoming Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    017340Summit National Bank133 Main Street, Hulett, WY 82720Febuary 28, 1984Full Service Brick and Mortar
    3364163Ten Sleep Branch205 2nd Street, Ten Sleep, WY 82442August 28, 2001Full Service Brick and Mortar
    4419251Little Snake River Branch15 North Penland Street, Baggs, WY 82321May 30, 2003Full Service Brick and Mortar

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