FDIC Certificate #: 57706 Status: Active Federal Reserve ID: 3243282 Date Established: Febuary 23, 2004 WWW:http://www.summitbankonline.com Trust Powers Granted: No Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 1 (Domestic: 1, Interstate: No) FDIC's unique #: 422240 Numeric code: 21 Regulator: FDIC 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: Febuary 23, 2004 Last Structure Change Effective Date: March 31, 2006 Last Structure Change Process Date: November 03, 2006 Last Data Update: November 03, 2006 Data Source Date: April 05, 2012
Location
Address: 96 East Broadway, Eugene, OR 97401 County: Lane Quarterly Banking Profile Region: San Francisco FDIC Geographic Region: San Francisco FDIC Supervisory Region: San Francisco FDIC Field Office: Portland Office of the Comptroller the Currency (OCC) District: Midwest Office of Thrift Supervision Region: West Metropolitan Statistical Area (MSA): Eugene-Springfield, OR (#2400) Core Based Statistical Area (CBSA): Eugene-Springfield, OR (#21660) CBSA Metro Statistical Area: Eugene-Springfield, OR (#21660)
History of Changes
Corrections
Merge BIF and SAIF Funds into DIF
Financial Summary
Total assets: $123.2 mil Equity capital: $11.5 mil Deposits held in domestic offices: $101.7 mil Return on assets (ROA): 0.50% ($0.6 mil) Quarterly return on assets: 0.41% ($0.5 mil) Return on Equity (ROE): 5.47% ($0.7 mil) Quarterly return on equity: 4.50% ($0.5 mil) Net income: $0.6 mil Quarterly Net income: $0.1 mil Pretax return on assets: 0.81% ($998.1 mil) Quarterly Pretax return on assets: 0.67% ($825.6 mil)
2000 - 2011 Historical total assets, liabilities and capital ($ 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
26Total employees (full-time equivalent)
$123,227Total assets
$7,478Cash and due from depository institutions
$3,042Interest-bearing balances
$18,058Securities
$0Federal funds sold & reverse repurchase agreements
$90,874Net loans & leases
$1,475Loan loss allowance
$0Trading account assets
$2,924Bank premises and fixed assets
$456Other real estate owned
$93Goodwill and other intangibles
$123,227Life insurance assets
$3,344All other assets
$111,705Total liabilities and capital
$101,716Total liabilities
$71,298Total deposits
$101,716Interest-bearing deposits
$82Deposits held in domestic offices
4096.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$1,308Trading liabilities
$0Other borrowed funds
$4,585Subordinated debt
$11,522All other liabilities
$11,522Total equity capital
$11,522Total bank equity capital
$0Perpetual preferred stock
$0Common stock
$10,212Surplus
$1,310Undivided profits
Memoranda
$0Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$2,514Income earned, not collected on loans
$0Earning assets
$397Long-term assets (5+ years)
$111,974Average Assets, year-to-date
$23,723Average Assets, quarterly
$123,039Volatile liabilities
$126,258Insider loans
$99,809FHLB advances
$127,464Loans and leases held for sale
$1,795Unused loan commitments
$0Tier 1 (core) risk-based capital
$11,507Tier 2 risk-based capital
$1,795Total risk weighted assets
$0Total unused commitments
$16,323Restructured Loans and leases
$2,921Derivatives
Income and Expense (December 31, 2011)
Dollar figures in thousands
$4,841Total interest income
$523Total interest expense
$4,318Net interest income
$189Provision for loan and lease losses
$317Total noninterest income
$0Fiduciary activities
$75Service charges on deposit accounts
$0Trading account gains & fees
$242Additional noninterest income
$3,446Total noninterest expense
$2,142Salaries and employee benefits
$111Premises and equipment expense
$1,193Additional noninterest expense
$1,000Pre-tax net operating income
$0Securities gains (losses)
$383Applicable income taxes
$617Income before extraordinary items
$0Extraordinary gains - net
$617Net income attributable to bank
$0Net charge-offs
$617Cash dividends
$189Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2011)
Dollar figures in thousands
Performance Ratios (%, annualized)
4.40%Yield on earning assets
0.47%Cost of funding earning assets
3.92%Net interest margin
0.29%Noninterest income to earning assets
3.13%Noninterest expense to earning assets
0.50%Net operating income to assets
0.50%Return on assets (ROA)
0.81%Pretax return on assets
5.47%Return on equity (ROE)
5.47%Retained earnings to average equity (YTD only)
0.21%Net charge-offs to loans
100.00%Credit loss provision to net charge-offs
6.29%Efficiency ratio
74,347Assets per employee
4.74%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
1.60%Loss allowance to noncurrent loans
58.67%Noncurrent assets plus other real estate owned to assets
2.41%Noncurrent loans to loans
2.72%Net loans and leases to deposits
89.34%Net loans and leases to core deposits
94.40%Equity capital to assets
9.35%Core capital (leverage) ratio
9.03%Tier 1 risk-based capital ratio
11.53%Total risk-based capital ratio
Memoranda
$13Average assets
$123,039Average earning assets
$11,288Average equity
$110,126Average loans
List of branches
1 Oregon Branch as of April 05, 2012
No
ID
Name
Address
Established
Service Type
Map
0
422240
Summit Bank
96 East Broadway, Eugene, OR 97401
Febuary 23, 2004
Full Service Brick and Mortar
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