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Overview / Commentary
133 Main Street
Hulett, WY 82720

Summit National Bank is headquartered in Hulett and is the 27th largest bank in the state of Wyoming. It is also the 5,643rd largest bank in the nation. It was established in 1984 and as of March of 2014, it had grown to 23 employees at 5 locations. Summit National Bank has a C+ health rating.

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Data for Q1 2014

Institution Health

Additional Factors: Institutions with a small asset base or a short operating history can represent an instability risk beyond what their financial ratios indicate. Summit National Bank has a relatively low asset base.

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 National Bank had $1.88 million in non-current loans and owned real-estate with $7.37 million in equity and loan loss allowances on hand to cover it. This gives Summit National Bank a Texas Ratio of 25.55% 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 National Bank decreased dramatically from 36.99% as of March 31, 2013 to 25.55% as of March 31, 2014, resulting in a positive change of 30.92%.This indicates that the balance sheet and financial strength for Summit National Bank has improved dramatically in recent periods.

Deposit Growth


In the past year, Summit National Bank has decreased its total deposits by -$1.13 million, resulting in -2.11% 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 National Bank has shown is average.



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 National Bank has $62.9 million in assets with $7.37 million in equity, resulting in a capitalization level of 11.71%, which is excellent.

Institution Statistics

FDIC Certificate #25054
Year Established1984
Primary RegulatorOCC
Assets and Liabilities
Assets$62.90 million
Loans$37.61 million
Deposits$52.50 million
Equity Capital$6.52 million
Loan Loss Allowance$842,000
Unbacked Noncurrent Loans$1.76 million
Real Estate Owned$126,000
Historic Data - March 2013
Assets$62.05 million
Equity Capital$6.68 million
Loan Loss Allowance$1.06 million
Unbacked Noncurrent Loans$1.76 million
Real Estate Owned$268,000
Profit Margin - Quarterly
Return on Assets0.75%
Return on Equity7.18%
Interest Income$642,000

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Summit National Bank Locations
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