Summit Bank, National Association

Summit Bank, National Association is headquartered in Panama City and is the 108^th largest bank in the state of Florida. It is also the 2,841^st largest bank in the nation. It was established in 2008 and as of March of 2012, it had grown to 37 employees at 4 locations. Summit Bank, National Association has a 5-star health rating.

Data for Q1 2012

Institution Statistics Summit Bank, National Association FDIC Certificate # 58786 BankRate Report View Year Established 2008 Employees 37 Primary Regulator OCC Assets and Liabilities Assets $224.86 million Loans $126.96 million Deposits $185.71 million Equity Capital $24.24 million Loan Loss Allowance $1.17 million Unbacked Noncurrent Loans $392,000 Real Estate Owned $53,000 Historic Data - March 2011 Assets $116.76 million Equity Capital $19.77 million Loan Loss Allowance $911,000 Unbacked Noncurrent Loans $412,000 Profit Margin - Quarterly Net Interest Margin 4.38% Return on Assets 0.41% Return on Equity 3.87% Interest Income $2.29 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 March 31, 2012 Summit Bank, National Association had $445,000 in non-current loans and owned real-estate with $25.41 million in equity and loan loss allowances on hand to cover it. This gives Summit Bank, National Association a Texas Ratio of 1.75% 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 Summit Bank, National Association held steady from 1.99% as of March 31, 2011 to 1.75% as of March 31, 2012, resulting in a positive change of 12.09%.This indicates that the balance sheet and financial strength for Summit Bank, National Association has held steady in recent periods. Deposit Growth In the past year, Summit Bank, National Association has increased its total deposits by $96.93 million, resulting in 109.17% 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, National Association 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. Summit Bank, National Association has $224.86 million in assets with $25.41 million in equity, resulting in a capitalization level of 11.30%, which is above average.

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