Summit Bank in Arkadelphia, Arkansas (AR)
Overview, Financial Summary, Detailed Financial Reports, Branches


  • Summit Bank in Arkadelphia, Arkansas (AR)
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Summit Bank routing number info

Summit Bank - Overview

  • General
  • FDIC Certificate #: 34433
    Status: Active
    Federal Reserve ID: 2505787
    Bank Holding Company (Regulatory Top Holder): Summit Bancorp, Inc. (RSSDID: 2618388, Location: Arkadelphia, AR)
    Date Established: January 21, 1997
    WWW: http://www.summitbankdirect.com
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
    Offices: 25 (Domestic: 25, Interstate: No)
    FDIC's unique #: 57196
    Numeric code: 13
    Regulator: FED
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: Yes
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: January 21, 1997
    Last Structure Change Effective Date: Febuary 18, 2011
    Last Structure Change Process Date: Febuary 25, 2011
    Last Data Update: Febuary 25, 2011
    Data Source Date: April 05, 2012
  • Location
  • Address: 409 Main Street, Arkadelphia, AR 71923
    County: Clark
    Quarterly Banking Profile Region: Dallas
    FDIC Geographic Region: Dallas
    FDIC Supervisory Region: Dallas
    FDIC Field Office: Little Rock
    Office of the Comptroller the Currency (OCC) District: Southwest
    Office of Thrift Supervision Region: Western
    Core Based Statistical Area (CBSA): Arkadelphia, AR (#11660)
    CBSA Micro Statistical Area: Yes
  • History of Changes
  • Change in Primary Regulatory Agency
    Change in Supervisory Agency
    Institution Becomes a Member of FRS (Federal Reserve System)
  • Financial Summary
  • Total assets: $1,129.7 mil
    Equity capital: $110.8 mil
    Deposits held in domestic offices: $946.3 mil
    Return on assets (ROA): 1.24% ($14.0 mil)
    Quarterly return on assets: 1.26% ($14.2 mil)
    Return on Equity (ROE): 13.34% ($14.8 mil)
    Quarterly return on equity: 12.90% ($14.3 mil)
    Net income: $13.8 mil
    Quarterly Net income: $3.5 mil
    Pretax return on assets: 1.41% ($15,928.7 mil)
    Quarterly Pretax return on assets: 1.42% ($16,041.6 mil)

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

2000 - 2011 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Historical total employees (full-time equivalent)

Assets and Liabilities (December 31, 2011)

  • Dollar figures in thousands
  • 281Total employees (full-time equivalent)
  • $1,129,693Total assets
  • $93,627Cash and due from depository institutions
  • $75,498Interest-bearing balances
  • $243,422Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $730,478Net loans & leases
  • $14,582Loan loss allowance
  • $0Trading account assets
  • $13,680Bank premises and fixed assets
  • $2,470Other real estate owned
  • $0Goodwill and other intangibles
  • $1,129,693Life insurance assets
  • $46,016All other assets
  • $1,018,884Total liabilities and capital
  • $946,325Total liabilities
  • $819,856Total deposits
  • $946,325Interest-bearing deposits
  • $75Deposits held in domestic offices
  • 21274.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $47,626Trading liabilities
  • $0Other borrowed funds
  • $3,659Subordinated debt
  • $110,809All other liabilities
  • $110,809Total equity capital
  • $110,809Total bank equity capital
  • $0Perpetual preferred stock
  • $0Common stock
  • $45,168Surplus
  • $65,641Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $5,967Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $9,200Income earned, not collected on loans
  • $0Earning assets
  • $5,361Long-term assets (5+ years)
  • $1,049,398Average Assets, year-to-date
  • $295,073Average Assets, quarterly
  • $1,113,488Volatile liabilities
  • $1,122,179Insider loans
  • $782,929FHLB advances
  • $1,109,409Loans and leases held for sale
  • $28,226Unused loan commitments
  • $18,856Tier 1 (core) risk-based capital
  • $108,473Tier 2 risk-based capital
  • $4,529Total risk weighted assets
  • $4,841Total unused commitments
  • $102,636Restructured Loans and leases
  • $3,548Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $51,042Total interest income
  • $11,965Total interest expense
  • $39,077Net interest income
  • $3,327Provision for loan and lease losses
  • $6,047Total noninterest income
  • $28Fiduciary activities
  • $2,381Service charges on deposit accounts
  • $0Trading account gains & fees
  • $3,638Additional noninterest income
  • $26,344Total noninterest expense
  • $16,097Salaries and employee benefits
  • $4,365Premises and equipment expense
  • $5,882Additional noninterest expense
  • $15,453Pre-tax net operating income
  • $249Securities gains (losses)
  • $1,890Applicable income taxes
  • $13,812Income before extraordinary items
  • $0Extraordinary gains - net
  • $13,812Net income attributable to bank
  • $0Net charge-offs
  • $13,812Cash dividends
  • $1,779Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.90%Yield on earning assets
  • 1.15%Cost of funding earning assets
  • 3.75%Net interest margin
  • 0.58%Noninterest income to earning assets
  • 2.53%Noninterest expense to earning assets
  • 1.22%Net operating income to assets
  • 1.24%Return on assets (ROA)
  • 1.41%Pretax return on assets
  • 13.34%Return on equity (ROE)
  • 13.34%Retained earnings to average equity (YTD only)
  • 0.25%Net charge-offs to loans
  • 187.02%Credit loss provision to net charge-offs
  • 10.56%Efficiency ratio
  • 58,381Assets per employee
  • 4.02%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.96%Loss allowance to noncurrent loans
  • 158.50%Noncurrent assets plus other real estate owned to assets
  • 1.03%Noncurrent loans to loans
  • 1.23%Net loans and leases to deposits
  • 77.19%Net loans and leases to core deposits
  • 95.38%Equity capital to assets
  • 9.81%Core capital (leverage) ratio
  • 9.78%Tier 1 risk-based capital ratio
  • 13.85%Total risk-based capital ratio
  • Memoranda
  • $15Average assets
  • $1,113,488Average earning assets
  • $103,561Average equity
  • $1,042,208Average loans

Total Fiduciary and Related Assets (December 31, 2011)

  • Dollar figures in thousands
  • $1Total fiduciary and related assets
  • 1Number of Fiduciary Accounts and Related Asset Accounts
  • YesFiduciary powers granted
  • YesFiduciary or related activity
  • $7,187Managed Assets
  • 1Number of Accounts
  • $7,119Personal trust and agency accounts
  • $5,684Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $0Other retirement accounts
  • $164Corporate trust and agency accounts
  • $0Investment management agency accounts
  • $1,271Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices
  • $0Non-managed Assets
  • 23Number of Accounts
  • $0Personal trust and agency accounts
  • $164Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $68Other retirement accounts
  • $0Corporate trust and agency accounts
  • $0Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices

List of branches

  • 25 Arkansas Branches as of April 05, 2012
    • NoIDNameAddressEstablishedService TypeMap
    057196Summit Bank409 Main Street, Arkadelphia, AR 71923January 21, 1997Full Service Brick and Mortar
    3295006Magnolia Branch305 North Jackson, Magnolia, AR 71753Febuary 14, 2000Full Service Brick and Mortar
    4357260Malvern Branch608 East Page, Malvern, AR 72104March 13, 2000Full Service Brick and Mortar
    5357261Hot Springs Branch401 Section Line Road, Hot Springs, AR 71913March 13, 2000Full Service Brick and Mortar
    6361761Benton Branch1800 Military Road, Benton, AR 72015April 07, 2001Full Service Brick and Mortar
    7361763Hope Branch600 South Main, Hope, AR 71801May 07, 2001Full Service Brick and Mortar
    8361764Hot Springs Branch150 Airport Road, Hot Springs, AR 71913May 14, 2001Full Service Brick and Mortar
    9362541Arkadelphia Branch2960 West Pine, Arkadelphia, AR 71923September 04, 2001Full Service Brick and Mortar
    10365337Malvern Branch1608 Mlk Boulevard, Malvern, AR 72104December 24, 2001Full Service Brick and Mortar
    11365338Hot Springs Branch2212 Malvern Avenue, Suite 1, Hot Springs, AR 71901January 03, 2002Full Service Brick and Mortar
    12419386Opo Building Branch901 Main Street, Arkadelphia, AR 71923April 14, 2003Limited Service Administrative
    13419426Operations Center Branch1721 Mlk Blvd, Suite U, Malvern, AR 72104September 17, 2001Limited Service Administrative
    14423396Ouachita Avenue Hot Springs Branch333 Ouachita Avenue, Hot Springs, AR 71901November 06, 2003Full Service Brick and Mortar
    15429327Hot Springs - 70 West Branch1540 Airport Road, Suite A, Hot Springs, AR 71913January 15, 2004Full Service Brick and Mortar
    16437823Highway 35 North Benton Branch1114 Highway 35 North, Benton, AR 72015Febuary 14, 2005Full Service Brick and Mortar
    17441437Magnolia Branch1606 Hollensworth, Magnolia, AR 71754April 11, 2005Full Service Brick and Mortar
    18441438Hope Branch1303 North Hervey, Hope, AR 71801September 09, 2004Full Service Brick and Mortar
    20443962Little Rock-Rodney Parham Branch11121 North Rodney Parham Road, Suite 14-A, Little Rock, AR 72212August 22, 2005Full Service Brick and Mortar
    22450838Hot Springs Village Branch3650 North Highway 7, Hot Springs, AR 71909March 20, 2006Full Service Brick and Mortar
    23458338Little Rock Branch12915 Cantrell Road, Little Rock, AR 72223January 26, 2007Full Service Brick and Mortar
    24478312Little Rock - Heights Branch1800 North Taylor, Little Rock, AR 72207May 19, 2008Full Service Brick and Mortar
    25480080Bryant Branch6110 Highway 5 North, Bryant, AR 72022August 11, 2008Full Service Brick and Mortar
    26510135Mortgage Division Branch10700 North Rodney Parham Road, Suite A-8, Little Rock, AR 72212June 23, 2010Limited Service Administrative
    27522253Skyline Branch201skyline Drive, Suite 38, Conway, AR 72032September 06, 2011Full Service Brick and Mortar
    28527677Hot Springs Valley Branch24705 State Highway 5, Lonsdale, AR 72087December 05, 2011Full Service Brick and Mortar

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