Summit National Bank

Summit National Bank is headquartered in Hulett and is the 29^th largest bank in the state of Wyoming. It is also the 5,857^th largest bank in the nation. It was established in 1984 and as of March of 2012, it had grown to 23 employees at 5 locations. Summit National Bank has a 3-star health rating.

Summit National Bank Routing Number: 102305373

Data for Q1 2012

Institution Statistics Summit National Bank FDIC Certificate # 25054 BankRate Report View Year Established 1984 Employees 23 Primary Regulator OCC Assets and Liabilities Assets $67.00 million Loans $44.15 million Deposits $59.27 million Equity Capital $6.23 million Loan Loss Allowance $1.18 million Unbacked Noncurrent Loans $1.80 million Real Estate Owned $356,000 Historic Data - March 2011 Assets $72.15 million Equity Capital $6.41 million Loan Loss Allowance $571,000 Unbacked Noncurrent Loans $581,000 Real Estate Owned $284,000 Profit Margin - Quarterly Net Interest Margin 5.08% Return on Assets -1.79% Return on Equity -19.22% Interest Income $872,000

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 March 31, 2012 Summit National Bank had $2.15 million in non-current loans and owned real-estate with $7.4 million in equity and loan loss allowances on hand to cover it. This gives Summit National Bank a Texas Ratio of 29.07% 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 increased slightly from 12.40% as of March 31, 2011 to 29.07% as of March 31, 2012, resulting in a negative change of 134.48%. This indicates that the balance sheet and financial strength for Summit National Bank has declined slightly in recent periods. Deposit Growth In the past year, Summit National Bank has decreased its total deposits by -$4.53 million, resulting in -7.1% 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 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 National Bank has $67 million in assets with $7.4 million in equity, resulting in a capitalization level of 11.05%, which is above average.

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