Summit Community Bank (MN)

Summit Community Bank (MN) is headquartered in Maplewood and is the 256^th largest bank in the state of Minnesota. It is also the 6,068^th largest bank in the nation. It was established in 2007 and as of March of 2012, it had grown to 8 employees at 1 location. Summit Community Bank (MN) has a 5-star health rating.

Data for Q1 2012

Institution Statistics Summit Community Bank FDIC Certificate # 58552 BankRate Report View Year Established 2007 Employees 8 Primary Regulator FED Assets and Liabilities Assets $59.97 million Loans $42.53 million Deposits $46.75 million Equity Capital $10.12 million Loan Loss Allowance $614,000 Unbacked Noncurrent Loans $651,000 Historic Data - March 2011 Assets $64.17 million Equity Capital $8.55 million Loan Loss Allowance $874,000 Unbacked Noncurrent Loans $2.43 million Real Estate Owned $845,000 Profit Margin - Quarterly Net Interest Margin 5.94% Return on Assets 2.43% Return on Equity 14.95% Interest Income $944,000

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 Community Bank (MN) had $651,000 in non-current loans and owned real-estate with $10.74 million in equity and loan loss allowances on hand to cover it. This gives Summit Community Bank (MN) a Texas Ratio of 6.06% 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 Community Bank (MN) decreased significantly from 34.79% as of March 31, 2011 to 6.06% as of March 31, 2012, resulting in a positive change of 82.57%.This indicates that the balance sheet and financial strength for Summit Community Bank (MN) has improved significantly in recent periods. Deposit Growth In the past year, Summit Community Bank (MN) has decreased its total deposits by -$5.75 million, resulting in -10.95% 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 Community Bank (MN) 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 Community Bank (MN) has $59.97 million in assets with $10.74 million in equity, resulting in a capitalization level of 17.90%, which is excellent.

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