Summit Bank, National Association in Fort Worth, Texas (TX)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of December 08, 2006

  • Summit Bank, National Association in Fort Worth, Texas (TX)
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Summit Bank, National Association - Overview

  • General
  • FDIC Certificate #: 21881
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: The Frost National Bank (#5510)
    Federal Reserve ID: 243151
    Date Established: January 06, 1975
    WWW: http://www.summitbank.net
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 14 (Interstate: No)
    FDIC's unique #: 15160
    Numeric code: 3
    Regulator: OCC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    State Chartered: No
    Date of Deposit Insurance: January 06, 1975
    Last Structure Change Effective Date: December 08, 2006
    Last Structure Change Process Date: December 21, 2006
    Last Data Update: December 21, 2006
    Data Source Date: April 05, 2012
  • Location
  • Address: 3880 Hulen Street, Fort Worth, TX 76107
    County: Tarrant
    Quarterly Banking Profile Region: Dallas
    FDIC Geographic Region: Dallas
    FDIC Supervisory Region: Dallas
    FDIC Field Office: Dallas
    Office of the Comptroller the Currency (OCC) District: Southwest
    Office of Thrift Supervision Region: West
    Metropolitan Statistical Area (MSA): Fort Worth-Arlington, TX (#2800)
    Consolidated Metropolitan Statistical Area (CMSA): Dallas-Fort Worth, TX (#31)
    Combined Statistical Area (CSA): Dallas-Fort Worth, TX (#206)
    Core Based Statistical Area (CBSA): Dallas-Fort Worth-Arlington, TX (#19100)
    CBSA Metro Statistical Area: Dallas-Fort Worth-Arlington, TX (#19100)
    Core Based Statistical Division: Fort Worth-Arlington, TX (#23104)
  • Financial Summary
  • Total assets: $1,178.7 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, 2005)

  • Dollar figures in thousands
  • 261Total employees (full-time equivalent)
  • $1,099,344Total assets
  • $33,440Cash and due from depository institutions
  • $882Interest-bearing balances
  • $252,170Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $763,678Net loans & leases
  • $11,208Loan loss allowance
  • $0Trading account assets
  • $16,515Bank premises and fixed assets
  • $0Other real estate owned
  • $11,251Goodwill and other intangibles
  • $0Life insurance assets
  • $22,290All other assets
  • $1,099,344Total liabilities and capital
  • $1,006,450Total liabilities
  • $879,507Total deposits
  • $615,807Interest-bearing deposits
  • $879,507Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $66,859Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $55,000Other borrowed funds
  • $0Subordinated debt
  • $5,084All other liabilities
  • $92,894Total equity capital
  • $92,894Total bank equity capital
  • $92,894Perpetual preferred stock
  • $0Common stock
  • $1,000Surplus
  • $25,651Undivided profits
  • Memoranda
  • $66,243Noncurrent loans and leases
  • $232,535Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $3,010Earning assets
  • $1,398Long-term assets (5+ years)
  • $6,273Average Assets, year-to-date
  • $1,016,730Average Assets, quarterly
  • $123,377Volatile liabilities
  • $1,033,873Insider loans
  • $1,086,606FHLB advances
  • $215,254Loans and leases held for sale
  • $13,743Unused loan commitments
  • $55,000Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $232,535Total unused commitments
  • $0Restructured Loans and leases
  • $10,375Derivatives

Income and Expense (December 31, 2005)

  • Dollar figures in thousands
  • $59,961Total interest income
  • $14,981Total interest expense
  • $44,980Net interest income
  • $1,105Provision for loan and lease losses
  • $8,004Total noninterest income
  • $331Fiduciary activities
  • $3,938Service charges on deposit accounts
  • $0Trading account gains & fees
  • $3,735Additional noninterest income
  • $29,861Total noninterest expense
  • $18,277Salaries and employee benefits
  • $5,175Premises and equipment expense
  • $6,409Additional noninterest expense
  • $22,018Pre-tax net operating income
  • $0Securities gains (losses)
  • $7,812Applicable income taxes
  • $14,206Income before extraordinary items
  • $0Extraordinary gains - net
  • $14,206Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $84Sale, conversion, retirement of capital stock, net
  • $6,450Net operating income

Performance and Condition Ratios (December 31, 2005)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 6.28%Yield on earning assets
  • 1.57%Cost of funding earning assets
  • 4.71%Net interest margin
  • 0.84%Noninterest income to earning assets
  • 3.13%Noninterest expense to earning assets
  • 1.37%Net operating income to assets
  • 1.37%Return on assets (ROA)
  • 2.13%Pretax return on assets
  • 15.76%Return on equity (ROE)
  • 8.61%Retained earnings to average equity (YTD only)
  • 0.01%Net charge-offs to loans
  • 1315.48%Credit loss provision to net charge-offs
  • 275.27%Efficiency ratio
  • 55,728Assets per employee
  • 4.21%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 45.40%Loss allowance to loans
  • 1.45%Loss allowance to noncurrent loans
  • 372.36%Noncurrent assets plus other real estate owned to assets
  • 0.27%Noncurrent loans to loans
  • 0.39%Net loans and leases to deposits
  • 86.83%Net loans and leases to core deposits
  • 99.04%Equity capital to assets
  • 8.45%Core capital (leverage) ratio
  • 7.93%Tier 1 risk-based capital ratio
  • 10.24%Total risk-based capital ratio
  • Memoranda
  • $11Average assets
  • $1,033,873Average earning assets
  • $90,127Average equity
  • $955,198Average loans

Total Fiduciary and Related Assets (December 31, 2005)

  • Dollar figures in thousands
  • $1Total fiduciary and related assets
  • 1Number of Fiduciary Accounts and Related Asset Accounts
  • YesFiduciary powers granted
  • YesFiduciary or related activity
  • $61,722Managed Assets
  • 1Number of Accounts
  • $60,129Personal trust and agency accounts
  • $2,138Employee benefit-defined contribution accounts
  • $40,066Employee benefit-defined benefit accounts
  • $0Other retirement accounts
  • $1,081Corporate trust and agency accounts
  • $0Investment management agency accounts
  • $16,844Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices
  • $0Non-managed Assets
  • 72Number of Accounts
  • $0Personal trust and agency accounts
  • $0Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $1,593Other retirement accounts
  • $278Corporate trust and agency accounts
  • $365Other fiduciary accounts
  • $950Fiduciary accounts held in foreign offices

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