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

This bank is inactive as of May 14, 2001

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

  • General
  • FDIC Certificate #: 25104
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Summit Bank, National Association (#21881)
    Federal Reserve ID: 463557
    Date Established: April 16, 1984
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 5 (Interstate: No)
    OTS Docket #: 14575
    FDIC's unique #: 17374
    Numeric code: 3
    Regulator: OCC
    Insurance Fund Membership: Bank Insurance Fund (BIF)
    Bank Insurance Fund: Yes
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    State Chartered: No
    Date of Deposit Insurance: April 16, 1984
    Last Structure Change Effective Date: May 14, 2001
    Last Structure Change Process Date: June 12, 2001
    Last Data Update: June 12, 2001
    Data Source Date: April 05, 2012
  • Location
  • Address: 3859 Camp Bowie Boulevard, 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: $440.9 mil

1992 - 1999 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, 2000)

  • Dollar figures in thousands
  • 99Total employees (full-time equivalent)
  • $367,762Total assets
  • $15,795Cash and due from depository institutions
  • $1,081Interest-bearing balances
  • $68,203Securities
  • $30,525Federal funds sold & reverse repurchase agreements
  • $242,357Net loans & leases
  • $3,763Loan loss allowance
  • $0Trading account assets
  • $4,946Bank premises and fixed assets
  • $286Other real estate owned
  • $0Goodwill and other intangibles
  • $0Life insurance assets
  • $5,650All other assets
  • $367,762Total liabilities and capital
  • $338,128Total liabilities
  • $332,322Total deposits
  • $247,484Interest-bearing deposits
  • $332,322Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $4,434Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $1,372All other liabilities
  • $29,634Total equity capital
  • $29,634Total bank equity capital
  • $29,634Perpetual preferred stock
  • $0Common stock
  • $2,950Surplus
  • $3,274Undivided profits
  • Memoranda
  • $23,410Noncurrent loans and leases
  • $64,564Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $816Earning assets
  • $0Long-term assets (5+ years)
  • $2,017Average Assets, year-to-date
  • $342,166Average Assets, quarterly
  • $28,085Volatile liabilities
  • $350,007Insider loans
  • $366,865FHLB advances
  • $47,236Loans and leases held for sale
  • $2,080Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $64,564Total unused commitments
  • $0Restructured Loans and leases
  • $3,374Derivatives

Income and Expense (December 31, 2000)

  • Dollar figures in thousands
  • $29,598Total interest income
  • $11,424Total interest expense
  • $18,174Net interest income
  • $887Provision for loan and lease losses
  • $2,326Total noninterest income
  • $0Fiduciary activities
  • $1,488Service charges on deposit accounts
  • $0Trading account gains & fees
  • $838Additional noninterest income
  • $10,205Total noninterest expense
  • $5,352Salaries and employee benefits
  • $1,339Premises and equipment expense
  • $3,514Additional noninterest expense
  • $9,408Pre-tax net operating income
  • -$5Securities gains (losses)
  • $3,276Applicable income taxes
  • $6,127Income before extraordinary items
  • $0Extraordinary gains - net
  • $6,127Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $521Sale, conversion, retirement of capital stock, net
  • $2,125Net operating income

Performance and Condition Ratios (December 31, 2000)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 9.11%Yield on earning assets
  • 3.52%Cost of funding earning assets
  • 5.59%Net interest margin
  • 0.72%Noninterest income to earning assets
  • 3.14%Noninterest expense to earning assets
  • 1.75%Net operating income to assets
  • 1.75%Return on assets (ROA)
  • 2.69%Pretax return on assets
  • 22.95%Return on equity (ROE)
  • 14.99%Retained earnings to average equity (YTD only)
  • 0.22%Net charge-offs to loans
  • 170.25%Credit loss provision to net charge-offs
  • 19.76%Efficiency ratio
  • 49,780Assets per employee
  • 3.71%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 34.68%Loss allowance to loans
  • 1.53%Loss allowance to noncurrent loans
  • 461.15%Noncurrent assets plus other real estate owned to assets
  • 0.30%Noncurrent loans to loans
  • 0.33%Net loans and leases to deposits
  • 72.93%Net loans and leases to core deposits
  • 83.71%Equity capital to assets
  • 8.06%Core capital (leverage) ratio
  • 8.06%Tier 1 risk-based capital ratio
  • 10.99%Total risk-based capital ratio
  • Memoranda
  • $12Average assets
  • $350,007Average earning assets
  • $26,699Average equity
  • $324,855Average loans

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