Summit Bank of Kansas City

Summit Bank of Kansas City is headquartered in Lees Summit and is the 284^th largest bank in the state of Missouri. It is also the 6,448^th largest bank in the nation. It was established in 1902 and as of March of 2012, it had grown to 13 employees at 1 location. Summit Bank of Kansas City has a 4-star health rating.

Summit Bank of Kansas City Routing Number: 101019194

Data for Q1 2012

Institution Statistics Summit Bank of Kansas City FDIC Certificate # 1627 BankRate Report View Year Established 1902 Employees 13 Primary Regulator FDIC Assets and Liabilities Assets $47.53 million Loans $38.07 million Deposits $41.89 million Equity Capital $4.60 million Loan Loss Allowance $1.35 million Unbacked Noncurrent Loans $666,000 Historic Data - March 2011 Assets $54.98 million Equity Capital $5.42 million Loan Loss Allowance $1.41 million Unbacked Noncurrent Loans $478,000 Real Estate Owned $658,000 Profit Margin - Quarterly Net Interest Margin 3.96% Return on Assets -0.53% Return on Equity -5.61% Interest Income $579,000

Institution Health Overall Score: 4 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 of Kansas City had $666,000 in non-current loans and owned real-estate with $5.95 million in equity and loan loss allowances on hand to cover it. This gives Summit Bank of Kansas City a Texas Ratio of 11.19% which is above average. Any bank with a Texas Ratio near or greater than 100% is considered at risk. Texas Ratio Trend The Texas Ratio for Summit Bank of Kansas City decreased slightly from 14.16% as of March 31, 2011 to 11.19% as of March 31, 2012, resulting in a positive change of 21.00%.This indicates that the balance sheet and financial strength for Summit Bank of Kansas City has improved slightly in recent periods. Deposit Growth In the past year, Summit Bank of Kansas City has decreased its total deposits by -$5.52 million, resulting in -11.64% 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 of Kansas City has shown is poor. 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 of Kansas City has $47.53 million in assets with $5.95 million in equity, resulting in a capitalization level of 12.52%, which is excellent.

No reviews have been left for this bank yet. Be the first to review.