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2002 East Coalton Road
Broomfield, CO 80021

Summit Bank & Trust is headquartered in Broomfield and is the 62nd largest bank in the state of Colorado. It is also the 4,370th largest bank in the nation. It was established in 2006 and as of March of 2014, it had grown to 70 employees at 3 locations. Summit Bank & Trust has a A+ health rating.

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Reviews (7)

Was Impressed...

2/2012 - went to go in to open an account, I didn't know it but the woman has started the "process" based on the information that I gave her over the phone, so when I went in with kids in tow, I was in and out in about 5-10 minutes. I couldn't believe it! My cost to open the "free" account was $25, $10 for checks. The drive thru has been very friendly and helpful. The one thing that I do not like is I live in a big apartment complex right across the street, apparently my ATM Visa card got sent back to the processing center, I was never called.  I asked about it in the drive thru and I was told it was "resent" to me and to wait another week. So I waited, no card. So I called my personal banker, no call back for 2 days. I said, then when she did call back she asked me to wait another 5 biz days, I agreed, that came and went. I called and said I wanted my card overnighted, she called back and said a "rush" was put on the card and that I should expect it by Friday and I could come to bank to pick it up. Today is Saturday 3/31 (account opened 2/28), no card, no call to follow up. So needless to say, strong start, very poor finish... and the girl said "oh you will love us for our customer service"...  ya

Not A Good Bank

We banked at the Erie branch. Had a good relationship until a couple of days ago when they started charging our customers to cash our checks. They provided no notice of this policy change and refused to talk to us about it. We chose Summit Bank two years ago because they did not charge this fee. Management was very rude and informed us that we were not important enough to them for them to discuss this matter with us.

This is not a bank that I could reccomend in any way, except to stay away from.

Great Local Bank

I began banking with Summit Bank & Trust after I moved to the area from Atlanta.  With the banking debacle I was/am not interested in banking with one of the mega banks.  I wanted a strong bank with a community bank feel.  I found this at Summit Bank in Erie.  The staff is very friendly and knowledgeable.  After one or two visits they recognized me and call me by name.  I was pleased to open a "free checking" account, that really is free. 

On several occasions I was away on business and they helped me over the phone and over email with my account.  I've been able to make wire transfers without being there face-to-face.  This is a refreshing difference from my big bank experience, which did away with this and required me to sign in person for wire transfers.  My drive-thru experiences are equally as strong.  The staff is always very pleasant, and even my dogs like going the drive-thru, as they get doggie treats. 

I use on-line banking for transfers between Summit and my other banks, located out-of-state.  The transfers are a breeze, and more importantly, there is no charge.  My Atlanta bank charged me $3.00 for every transfer outside the bank, and it took several days.

Another plus that I like is that when I make a deposit it goes into my account immediately.  It doesn't matter if it is after 2pm (a cutoff time for a lot of banks, big and small), or if it's Saturday at 11:45am.  This is great for my personal cash flow.

All in all, I am extremely pleased.  I haven't had one complaint since I began banking with them.

Lack Of Professionalism By Summit Bank

I used to bank at the Summit bank in Thornton.  Although I though the majority of employees who worked there were friendly and helpful, a quasi-managerial employee was incompetent, and dishonest.  When I complained about her behavior, I was told to leave the bank.  If I ran my business like that, I would be out of business in a year!

Charge Excessive Fees

Bank posts debits before deposits. Excessive fees, inflexible staff.

Service 2Nd To None

Opened an account at Summit Bank & Trust's Broomfield office recently and was blown away by their service quality. Personal banker named Ashley helped me find the right checking account, added a debit card and internet banking for me, and in less than 20 minutes I was on my way. When I got my debit card they were able to assist me in getting my PIN changed to one I wanted. The bank not only has a warm feeling about it, their staff is friendly and knowledgeable. On top of that, my new Cash Rewards account is earning me 3.03%. I should have left US Bank a long time ago.

Better Banks Available

Customer since they opened. Quality of staff and service has gone downhill. There are a lot of better banks...looks like they are struggling. Too bad - used to be good community bank.


Data for Q1 2014

Institution Health


Texas Ratio


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 & Trust had $911,000 in non-current loans and owned real-estate with $11.83 million in equity and loan loss allowances on hand to cover it. This gives Summit Bank & Trust a Texas Ratio of 7.70% 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 & Trust decreased dramatically from 24.54% as of March 31, 2013 to 7.70% as of March 31, 2014, resulting in a positive change of 68.61%.This indicates that the balance sheet and financial strength for Summit Bank & Trust has improved dramatically in recent periods.

Deposit Growth


In the past year, Summit Bank & Trust has increased its total deposits by $3.98 million, resulting in 3.96% 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 & Trust has shown is excellent.



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 & Trust has $116.15 million in assets with $11.83 million in equity, resulting in a capitalization level of 10.18%, which is above average.

Institution Statistics

FDIC Certificate #58458
Year Established2006
Primary RegulatorFDIC
Assets and Liabilities
Assets$116.15 million
Loans$74.87 million
Deposits$104.60 million
Equity Capital$10.77 million
Loan Loss Allowance$1.05 million
Unbacked Noncurrent Loans$584,000
Real Estate Owned$327,000
Historic Data - March 2013
Assets$115.65 million
Equity Capital$12.28 million
Loan Loss Allowance$1.34 million
Unbacked Noncurrent Loans$584,000
Real Estate Owned$1.34 million
Profit Margin - Quarterly
Return on Assets-1.51%
Return on Equity-15.89%
Interest Income$1.07 million
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Summit Bank & Trust Checking Account Rates

2.01%-$20kCash Rewards Checking - Qualifying
0.01%--Cash Rewards Checking - Non Qualifying

Summit Bank & Trust CD Rates

1.60%--60 Month CD
1.20%--48 Month CD
0.95%--36 Month CD
0.50%--24 Month CD
0.40%--18 Month CD
0.35%--12 Month CD
0.30%--6 Month CD

Summit Bank & Trust IRA Rates

1.70%--60 Month IRA
0.95%--36 Month IRA
0.50%--24 Month IRA
0.35%--12 Month IRA

Summit Bank & Trust Locations
Larkridge Branch16501 Washington StreetThornton, CO 80023
Summit Bank & Trust199 South Briggs StreetErie, CO 80516
Summit Bank & Trust2002 East Coalton RoadBroomfield, CO 80021