Summit Bank in Holts Summit, Missouri (MO)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of January 21, 1997

Summit Bank in Holts Summit, Missouri (MO)
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Summit Bank - Overview

General
FDIC Certificate #: 22013
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Sun Security Bank of America (#10600)
Federal Reserve ID: 13653
Date Established: May 15, 1975
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 1 (Interstate: No)
FDIC's unique #: 15271
Numeric code: 21
Regulator: FDIC
Insurance Fund Membership: Bank Insurance Fund (BIF)
Bank Insurance Fund: Yes
Insured commercial Banks: Yes
FDIC Insured: Yes
State Chartered: Yes
Date of Deposit Insurance: May 15, 1975
Last Structure Change Effective Date: January 21, 1997
Last Structure Change Process Date: Febuary 24, 1997
Last Data Update: Febuary 24, 1997
Data Source Date: April 05, 2012
Location
Address: U.S. 54 And Route 00, Holts Summit, MO 65043
County: Callaway
Quarterly Banking Profile Region: Kansas City
FDIC Geographic Region: Kansas City
FDIC Supervisory Region: Kansas City
FDIC Field Office: Columbia Mo
Office of the Comptroller the Currency (OCC) District: Midwest
Office of Thrift Supervision Region: West
Core Based Statistical Area (CBSA): Jefferson City, MO (#27620)
CBSA Metro Statistical Area: Jefferson City, MO (#27620)
Financial Summary
Total assets: $9.7 mil

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1996)

Dollar figures in thousands
0Total employees (full-time equivalent)
$7Total assets
$9,681Cash and due from depository institutions
$245Interest-bearing balances
$0Securities
$2,119Federal funds sold & reverse repurchase agreements
$769Net loans & leases
$6,202Loan loss allowance
$131Trading account assets
$0Bank premises and fixed assets
$245Other real estate owned
$21Goodwill and other intangibles
$80Life insurance assets
$0All other assets
$0Total liabilities and capital
$9,681Total liabilities
$8,587Total deposits
$8,525Interest-bearing deposits
$7,772Deposits held in domestic offices
8525.00%% insured (estimated)
$94Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$0All other liabilities
$62Total equity capital
$62Total bank equity capital
$1,094Perpetual preferred stock
$0Common stock
$150Surplus
$500Undivided profits
Memoranda
$444Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$36Earning assets
$9,090Long-term assets (5+ years)
$318Average Assets, year-to-date
$9,570Average Assets, quarterly
$9,676Volatile liabilities
$556Insider loans
$22FHLB advances
$0Loans and leases held for sale
$0Unused loan commitments
$140Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$1,094Total risk weighted assets
$5,076Total unused commitments
$0Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 1996)

Dollar figures in thousands
$0Total interest income
$759Total interest expense
$340Net interest income
$419Provision for loan and lease losses
$0Total noninterest income
$87Fiduciary activities
$0Service charges on deposit accounts
$80Trading account gains & fees
$0Additional noninterest income
$7Total noninterest expense
$312Salaries and employee benefits
$184Premises and equipment expense
$51Additional noninterest expense
$77Pre-tax net operating income
$194Securities gains (losses)
$0Applicable income taxes
$68Income before extraordinary items
$126Extraordinary gains - net
$0Net income attributable to bank
$126Net charge-offs
$1Cash dividends
$0Sale, conversion, retirement of capital stock, net
$0Net operating income

Performance and Condition Ratios (December 31, 1996)

Dollar figures in thousands
Performance Ratios (%, annualized)
0.00%Yield on earning assets
8.45%Cost of funding earning assets
3.79%Net interest margin
4.67%Noninterest income to earning assets
0.97%Noninterest expense to earning assets
3.48%Net operating income to assets
1.32%Return on assets (ROA)
1.32%Pretax return on assets
2.03%Return on equity (ROE)
12.24%Retained earnings to average equity (YTD only)
12.24%Net charge-offs to loans
0.02%Credit loss provision to net charge-offs
0.00%Efficiency ratio
61,660Assets per employee
1.38%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
2.07%Loss allowance to noncurrent loans
0.00%Noncurrent assets plus other real estate owned to assets
0.22%Noncurrent loans to loans
0.00%Net loans and leases to deposits
72.75%Net loans and leases to core deposits
77.83%Equity capital to assets
11.30%Core capital (leverage) ratio
11.30%Tier 1 risk-based capital ratio
21.55%Total risk-based capital ratio
Memoranda
$23Average assets
$9,570Average earning assets
$1,030Average equity
$8,977Average loans

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