Summit Community Bank

1600 Abbott Road
East Lansing, MI 48823
517.664.1912
www.mysummitbank.com

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Summit Community Bank is headquartered in East Lansing and is the 79^th largest bank in the state of Michigan. It is also the 3,651^st largest bank in the nation. It was established in 2002 and as of December of 2012, it had grown to 71 employees at 2 locations. Summit Community Bank has a 3-star health rating.

Summit Community Bank Routing Number: 072414132

2.00% 25-Month CD & 2.20% 37-Month CD At Summit Community Bank In Michigan (Forum) - 10/11/2010

Summit Community Bank has a few competitive CD specials as of 10/11/2010: 1.35% APY 13-month CD 2.00% APY 25-month CD 2.20% APY 37-month CD Minimum deposit is $500. Click on "details" link to see the bank's CD rate sheet. It appears that a branch

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See Rates for: Checking | Savings | Money Market | CD | IRA

Summit Community Bank Checking Account Rates

Apy	Min	Max	Product
0.30%	$250k	-	Summit Preferred Checking
0.05%	-	-	Summit Classic Checking
0.05%	-	-	Summit Elite 55 Checking
0.05%	-	-	Summit Small Business Checking
0.05%	-	-	Summit Welcome Account

Summit Community Bank Savings Account Rates

Apy	Min	Max	Product
0.15%	-	-	Summit Statement Savings
0.15%	-	-	Summit Business Savings Account
0.15%	$50	-	Summit Savings IRA
0.15%	$50	-	Summit Savings Roth IRA
0.15%	$50	-	Summit Savings CESA
0.15%	$50	-	Summit Savings SEP IRA

Summit Community Bank Money Market Rates

Apy	Min	Max	Product
0.30%	$100k	-	Summit Money Market
0.30%	$100k	-	Summit Business Money Market
0.30%	$100k	-	Summit Money Market IRA
0.30%	$100k	-	Summit Money Market Roth IRA
0.30%	$100k	-	Summit Money Market CESA
0.30%	$100k	-	Summit Money Market SEP IRA

Summit Community Bank CD Rates

Apy	Min	Max	Product
1.50%	$500	-	60 Month or Greater CD
1.20%	$500	-	48 - 59 Month CD
1.00%	$500	-	36 - 47 Month CD
0.65%	$500	-	24 - 35 Month CD
0.45%	$500	-	12 - 23 Month CD
0.25%	$500	-	6 - 11 Month CD
0.15%	$500	-	3 - 5 Month CD

Summit Community Bank IRA Rates

Apy	Min	Max	Product
1.50%	$500	-	60 Month or Greater IRA
1.50%	$500	-	60 Month or Greater Roth IRA
1.50%	$500	-	60 Month or Greater CESA
1.50%	$500	-	60 Month or Greater SEP IRA
1.20%	$500	-	48 - 59 Month IRA
1.20%	$500	-	48 - 59 Month Roth IRA
1.20%	$500	-	48 - 59 Month CESA
1.20%	$500	-	48 - 59 Month SEP IRA
1.00%	$500	-	36 - 47 Month IRA
1.00%	$500	-	36 - 47 Month Roth IRA
1.00%	$500	-	36 - 47 Month CESA
1.00%	$500	-	36 - 47 Month SEP IRA
0.65%	$500	-	24 - 35 Month IRA
0.65%	$500	-	24 - 35 Month Roth IRA
0.65%	$500	-	24 - 35 Month CESA
0.65%	$500	-	24 - 35 Month SEP IRA
0.45%	$500	-	12 - 23 Month IRA
0.45%	$500	-	12 - 23 Month Roth IRA
0.45%	$500	-	12 - 23 Month CESA
0.45%	$500	-	12 - 23 Month SEP IRA
0.25%	$500	-	6 - 11 Month IRA
0.25%	$500	-	6 - 11 Month Roth IRA
0.25%	$500	-	6 - 11 Month CESA
0.25%	$500	-	6 - 11 Month SEP IRA
0.15%	$500	-	3 - 5 Month IRA
0.15%	$500	-	3 - 5 Month Roth IRA
0.15%	$500	-	3 - 5 Month CESA
0.15%	$500	-	3 - 5 Month SEP IRA

Rates updated: 5/19/2013 * Not all products updated

Data for Q4 2012

Institution Statistics

Summit Community Bank
FDIC Certificate #	57401
BankRate Report	View
Year Established	2002
Employees	71
Primary Regulator	FDIC
Assets and Liabilities
Assets	$160.68 million
Loans	$132.64 million
Deposits	$117.36 million
Equity Capital	$15.39 million
Loan Loss Allowance	$1.95 million
Unbacked Noncurrent Loans	$1.97 million
Real Estate Owned	$1.22 million
Historic Data - December 2011
Assets	$157.34 million
Equity Capital	$14.16 million
Loan Loss Allowance	$1.73 million
Unbacked Noncurrent Loans	$1.82 million
Real Estate Owned	$1.76 million
Profit Margin - Quarterly
Net Interest Margin	4.04%
Return on Assets	0.91%
Return on Equity	10.05%
Interest Income	$7.01 million

Institution Health

Overall Score:

3 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 December 31, 2012 Summit Community Bank had $3.18 million in non-current loans and owned real-estate with $17.34 million in equity and loan loss allowances on hand to cover it. This gives Summit Community Bank a Texas Ratio of 18.37% which is average. 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 decreased slightly from 22.52% as of December 31, 2011 to 18.37% as of December 31, 2012, resulting in a positive change of 18.43%.This indicates that the balance sheet and financial strength for Summit Community Bank has improved slightly in recent periods.
Deposit Growth
In the past year, Summit Community Bank has decreased its total deposits by -$8.18 million, resulting in -6.52% 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 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 has $160.68 million in assets with $17.34 million in equity, resulting in a capitalization level of 10.79%, which is above average.