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Overview / Commentary
2969 Broadway
Oakland, CA 94611

Summit Bank (CA) is headquartered in Oakland and is the 148th largest bank in the state of California. It is also the 3,203rd largest bank in the nation. It was established in 1982 and as of March of 2014, it had grown to 32 employees at 3 locations. Summit Bank (CA) has a B+ health rating.

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Health

Data for Q1 2014

Institution Health

B+

Texas Ratio

GRADE:
C+

The Texas Ratio is an indicator of how much capital a bank has available compared to the total value of loans considered at risk. As of March 31, 2014 Summit Bank (CA) had $6.51 million in non-current loans and owned real-estate with $25.33 million in equity and loan loss allowances on hand to cover it. This gives Summit Bank (CA) a Texas Ratio of 25.70% which is average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
A+

The Texas Ratio for Summit Bank (CA) decreased dramatically from 44.28% as of March 31, 2013 to 25.70% as of March 31, 2014, resulting in a positive change of 41.96%.This indicates that the balance sheet and financial strength for Summit Bank (CA) has improved dramatically in recent periods.

Deposit Growth

GRADE:
C

In the past year, Summit Bank (CA) has decreased its total deposits by -$1.74 million, resulting in -1.06% 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 Summit Bank (CA) has shown is average.

Capitalization

GRADE:
A+

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. Summit Bank (CA) has $187.64 million in assets with $25.33 million in equity, resulting in a capitalization level of 13.50%, which is excellent.

Institution Statistics

Overall
FDIC Certificate #23864
Year Established1982
Employees32
Primary RegulatorFDIC
Assets and Liabilities
Assets$187.64 million
Loans$114.80 million
Deposits$162.78 million
Equity Capital$21.99 million
Loan Loss Allowance$3.34 million
Unbacked Noncurrent Loans$3.91 million
Real Estate Owned$2.61 million
Historic Data - March 2013
Assets$187.79 million
Equity Capital$20.40 million
Loan Loss Allowance$3.19 million
Unbacked Noncurrent Loans$3.91 million
Real Estate Owned$2.73 million
Profit Margin - Quarterly
Net Interest Margin4.61%
Return on Assets1.06%
Return on Equity9.24%
Interest Income$2.09 million
Rates

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Locations


Summit Bank (CA) Locations
Emeryville Branch2000 Powell StreetEmeryville, CA 94608
Summit Bank2969 BroadwayOakland, CA 94611
Walnut Creek Branch710 South BroadwayWalnut Creek, CA 94596