Summit State Bank in Santa Rosa, California (CA)
Overview, Financial Summary, Detailed Financial Reports, Branches

  • Summit State Bank in Santa Rosa, California (CA)
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Summit State Bank - Overview

  • General
  • FDIC Certificate #: 32203
    Status: Active
    Federal Reserve ID: 561574
    Date Established: January 01, 1982
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 5 (Domestic: 5, Interstate: No)
    OTS Docket #: 7992
    FDIC's unique #: 45037
    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: March 13, 1984
    Last Structure Change Effective Date: March 24, 2011
    Last Structure Change Process Date: March 24, 2011
    Last Data Update: March 24, 2011
    Data Source Date: April 05, 2012
  • Location
  • Address: 500 Bicentennial Way, Santa Rosa, CA 95403
    County: Sonoma
    Quarterly Banking Profile Region: San Francisco
    FDIC Geographic Region: San Francisco
    FDIC Supervisory Region: Atlanta
    FDIC Field Office: San Francisco
    Office of the Comptroller the Currency (OCC) District: Midwest
    Office of Thrift Supervision Region: Western
    Metropolitan Statistical Area (MSA): Santa Rosa, CA (#7500)
    Consolidated Metropolitan Statistical Area (CMSA): San Francisco-Oakland-San Jose, CA (#84)
    Combined Statistical Area (CSA): San Jose-San Francisco-Oakland, CA (#488)
    Core Based Statistical Area (CBSA): Santa Rosa-Petaluma, CA (#42220)
    CBSA Metro Statistical Area: Santa Rosa-Petaluma, CA (#42220)
  • Financial Summary
  • Total assets: $387.6 mil
    Equity capital: $61.0 mil
    Deposits held in domestic offices: $312.1 mil
    Return on assets (ROA): 0.59% ($2.3 mil)
    Quarterly return on assets: 0.75% ($2.9 mil)
    Return on Equity (ROE): 3.86% ($2.4 mil)
    Quarterly return on equity: 4.79% ($2.9 mil)
    Net income: $2.2 mil
    Quarterly Net income: $0.7 mil
    Pretax return on assets: 1.00% ($3,876.3 mil)
    Quarterly Pretax return on assets: 1.28% ($4,961.6 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
  • 60Total employees (full-time equivalent)
  • $387,627Total assets
  • $8,290Cash and due from depository institutions
  • $7,090Interest-bearing balances
  • $88,660Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $269,963Net loans & leases
  • $5,411Loan loss allowance
  • $0Trading account assets
  • $6,731Bank premises and fixed assets
  • $1,074Other real estate owned
  • $4,145Goodwill and other intangibles
  • $387,627Life insurance assets
  • $8,764All other assets
  • $326,618Total liabilities and capital
  • $312,059Total liabilities
  • $281,037Total deposits
  • $312,059Interest-bearing deposits
  • $84Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $13,750Trading liabilities
  • $0Other borrowed funds
  • $809Subordinated debt
  • $61,009All other liabilities
  • $61,009Total equity capital
  • $61,009Total bank equity capital
  • $13,666Perpetual preferred stock
  • $36,352Common stock
  • $0Surplus
  • $10,991Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $12,292Income earned, not collected on loans
  • $0Earning assets
  • $1,888Long-term assets (5+ years)
  • $365,713Average Assets, year-to-date
  • $195,094Average Assets, quarterly
  • $377,591Volatile liabilities
  • $391,265Insider loans
  • $301,153FHLB advances
  • $386,495Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $55,903Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $10,727Restructured Loans and leases
  • $2,233Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $18,678Total interest income
  • $2,928Total interest expense
  • $15,750Net interest income
  • $3,650Provision for loan and lease losses
  • $638Total noninterest income
  • $0Fiduciary activities
  • $388Service charges on deposit accounts
  • $0Trading account gains & fees
  • $250Additional noninterest income
  • $9,700Total noninterest expense
  • $5,135Salaries and employee benefits
  • $1,067Premises and equipment expense
  • $3,498Additional noninterest expense
  • $3,038Pre-tax net operating income
  • $754Securities gains (losses)
  • $1,564Applicable income taxes
  • $2,228Income before extraordinary items
  • $0Extraordinary gains - net
  • $2,228Net income attributable to bank
  • $0Net charge-offs
  • $2,228Cash dividends
  • $4,297Sale, conversion, retirement of capital stock, net
  • $2,347Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.28%Yield on earning assets
  • 0.83%Cost of funding earning assets
  • 4.45%Net interest margin
  • 0.18%Noninterest income to earning assets
  • 2.74%Noninterest expense to earning assets
  • 0.46%Net operating income to assets
  • 0.59%Return on assets (ROA)
  • 1.00%Pretax return on assets
  • 3.86%Return on equity (ROE)
  • -0.21%Retained earnings to average equity (YTD only)
  • 1.53%Net charge-offs to loans
  • 84.94%Credit loss provision to net charge-offs
  • 1.56%Efficiency ratio
  • 59,068Assets per employee
  • 6.46%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 105.34%Loss allowance to loans
  • 1.96%Loss allowance to noncurrent loans
  • 44.02%Noncurrent assets plus other real estate owned to assets
  • 3.45%Noncurrent loans to loans
  • 4.46%Net loans and leases to deposits
  • 86.51%Net loans and leases to core deposits
  • 117.99%Equity capital to assets
  • 15.74%Core capital (leverage) ratio
  • 14.46%Tier 1 risk-based capital ratio
  • 18.56%Total risk-based capital ratio
  • Memoranda
  • $20Average assets
  • $377,591Average earning assets
  • $57,794Average equity
  • $353,966Average loans

List of branches

  • 5 California Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    045037Summit State Bank500 Bicentennial Way, Santa Rosa, CA 95403January 01, 1982Full Service Brick and Mortar
    101287171Montgomery Village Shopping Center B2300 Midway Drive, Santa Rosa, CA 95405June 30, 1985Full Service Brick and Mortar
    103419725Rohnert Park Branch10 Raleys Towne Centre, Rohnert Park, CA 94928Febuary 18, 2003Full Service Brick and Mortar
    104477921Petaluma Branch701 Sonoma Mountain Parkway, Petaluma, CA 94954July 01, 2007Full Service Brick and Mortar
    105496116Healdsburg Branch1001 Vine Street, Healdsburg, CA 95448July 13, 2009Full Service Brick and Mortar

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