The Summit National Bank in Atlanta, Georgia (GA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of December 29, 2006

  • The Summit National Bank in Atlanta, Georgia (GA)
  • Show street view No street view available for this location

The Summit National Bank - Overview

  • General
  • FDIC Certificate #: 27199
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: United Commercial Bank (#32469)
    Federal Reserve ID: 1167393
    Date Established: March 10, 1988
    WWW: http://www.summitbk.com
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 9 (Interstate: No)
    OTS Docket #: 9152
    FDIC's unique #: 39102
    Numeric code: 3
    Regulator: OCC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    State Chartered: No
    Date of Deposit Insurance: March 10, 1988
    Last Structure Change Effective Date: December 29, 2006
    Last Structure Change Process Date: January 23, 2007
    Last Data Update: January 23, 2007
    Data Source Date: April 05, 2012
  • Location
  • Address: 4360 Chamblee-Dunwoody Road, Atlanta, GA 30341
    County: Dekalb
    Quarterly Banking Profile Region: Atlanta
    FDIC Geographic Region: Atlanta
    FDIC Supervisory Region: Atlanta
    FDIC Field Office: Atlanta
    Office of the Comptroller the Currency (OCC) District: Southwest
    Office of Thrift Supervision Region: Southeast
    Metropolitan Statistical Area (MSA): Atlanta, GA (#520)
    Combined Statistical Area (CSA): Atlanta-Sandy Springs-Gainesville, GA-AL (#122)
    Core Based Statistical Area (CBSA): Atlanta-Sandy Springs-Marietta, GA (#12060)
    CBSA Metro Statistical Area: Atlanta-Sandy Springs-Marietta, GA (#12060)
  • Financial Summary
  • Total assets: $665.4 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, 2005)

  • Dollar figures in thousands
  • 133Total employees (full-time equivalent)
  • $526,303Total assets
  • $20,013Cash and due from depository institutions
  • $581Interest-bearing balances
  • $122,512Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $353,431Net loans & leases
  • $4,556Loan loss allowance
  • $0Trading account assets
  • $4,606Bank premises and fixed assets
  • $0Other real estate owned
  • $1,569Goodwill and other intangibles
  • $0Life insurance assets
  • $24,172All other assets
  • $526,303Total liabilities and capital
  • $478,849Total liabilities
  • $439,976Total deposits
  • $411,378Interest-bearing deposits
  • $439,976Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $8,717Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $20,000Other borrowed funds
  • $0Subordinated debt
  • $10,156All other liabilities
  • $47,454Total equity capital
  • $47,454Total bank equity capital
  • $47,454Perpetual preferred stock
  • $0Common stock
  • $1,500Surplus
  • $20,384Undivided profits
  • Memoranda
  • $25,570Noncurrent loans and leases
  • $46,022Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $1,182Earning assets
  • $578Long-term assets (5+ years)
  • $2,193Average Assets, year-to-date
  • $476,524Average Assets, quarterly
  • $181,155Volatile liabilities
  • $531,380Insider loans
  • $530,063FHLB advances
  • $148,137Loans and leases held for sale
  • $0Unused loan commitments
  • $20,000Tier 1 (core) risk-based capital
  • $50,000Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $46,022Total unused commitments
  • $0Restructured Loans and leases
  • $4,581Derivatives

Income and Expense (December 31, 2005)

  • Dollar figures in thousands
  • $31,260Total interest income
  • $9,485Total interest expense
  • $21,775Net interest income
  • $539Provision for loan and lease losses
  • $3,629Total noninterest income
  • $0Fiduciary activities
  • $1,360Service charges on deposit accounts
  • $0Trading account gains & fees
  • $2,269Additional noninterest income
  • $15,301Total noninterest expense
  • $8,002Salaries and employee benefits
  • $3,057Premises and equipment expense
  • $4,242Additional noninterest expense
  • $9,564Pre-tax net operating income
  • $3Securities gains (losses)
  • $2,750Applicable income taxes
  • $6,817Income before extraordinary items
  • $0Extraordinary gains - net
  • $6,817Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $532Sale, conversion, retirement of capital stock, net
  • $1,175Net operating income

Performance and Condition Ratios (December 31, 2005)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 6.49%Yield on earning assets
  • 1.97%Cost of funding earning assets
  • 4.52%Net interest margin
  • 0.75%Noninterest income to earning assets
  • 3.18%Noninterest expense to earning assets
  • 1.28%Net operating income to assets
  • 1.28%Return on assets (ROA)
  • 1.80%Pretax return on assets
  • 15.05%Return on equity (ROE)
  • 12.45%Retained earnings to average equity (YTD only)
  • 0.16%Net charge-offs to loans
  • 101.32%Credit loss provision to net charge-offs
  • 18.99%Efficiency ratio
  • 60,231Assets per employee
  • 3.96%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 17.24%Loss allowance to loans
  • 1.27%Loss allowance to noncurrent loans
  • 385.45%Noncurrent assets plus other real estate owned to assets
  • 0.22%Noncurrent loans to loans
  • 0.33%Net loans and leases to deposits
  • 80.33%Net loans and leases to core deposits
  • 113.81%Equity capital to assets
  • 9.02%Core capital (leverage) ratio
  • 9.16%Tier 1 risk-based capital ratio
  • 12.63%Total risk-based capital ratio
  • Memoranda
  • $14Average assets
  • $531,380Average earning assets
  • $45,306Average equity
  • $481,838Average loans

Comment about this bank, ask questions, or add new information about it:

This web site is not associated with, endorsed by, or sponsored by and has no official or unofficial affiliation with The Summit National Bank.
Based on public records. Inadvertent errors are possible.
bankencyclopedia.com does not guarantee the accuracy or timeliness of any information on this site.  Use at your own risk.
Table of Contents