1st Summit Bank

1st Summit Bank is headquartered in Johnstown and is the 48^th largest bank in the state of Pennsylvania. It is also the 905^th largest bank in the nation. It was established in 1924 and as of December of 2011, it had grown to 156 employees at 14 locations. 1st Summit Bank's savings rates are 4X the national average, and it boasts a 5-star health rating.

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Data for Q4 2011

Institution Statistics 1st Summit Bank FDIC Certificate # 8426 BankRate Report View Year Established 1924 Employees 156 Primary Regulator FDIC Assets and Liabilities Assets $730.46 million Loans $368.26 million Deposits $653.26 million Equity Capital $57.24 million Loan Loss Allowance $4.93 million Unbacked Noncurrent Loans $1.99 million Real Estate Owned $195,000 Historic Data - December 2010 Assets $668.15 million Equity Capital $47.77 million Loan Loss Allowance $4.52 million Unbacked Noncurrent Loans $1.81 million Real Estate Owned $275,000 Profit Margin - Quarterly Net Interest Margin 3.31% Return on Assets 1.09% Return on Equity 14.49% Interest Income $32.00 million

Institution Health Overall Score: 5 out of 5 Texas Ratio The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of December 31, 2011 1st Summit Bank had $2.18 million in non-current loans and owned real-estate with $62.17 million in equity and loan loss allowances on hand to cover it. This gives 1st Summit Bank a Texas Ratio of 3.51% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk. Texas Ratio Trend The Texas Ratio for 1st Summit Bank held steady from 3.96% as of December 31, 2010 to 3.51% as of December 31, 2011, resulting in a positive change of 11.30%.This indicates that the balance sheet and financial strength for 1st Summit Bank has held steady in recent periods. Deposit Growth In the past year, 1st Summit Bank has increased its total deposits by $55.79 million, resulting in 9.34% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth 1st Summit Bank has shown is excellent. Capitalization Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. 1st Summit Bank has $730.46 million in assets with $62.17 million in equity, resulting in a capitalization level of 8.51%, which is average.

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