Summit State Bank Balance Sheet Health
Financial Health criteria checks 4/6
Summit State Bank has total assets of $1.1B and total equity of $100.7M. Total deposits are $1.0B, and total loans are $917.4M earning a Net Interest Margin of 3.2%. It has insufficient allowance for bad loans, which are currently at 3.9% of total loans. Cash and short-term investments are $80.9M.
Key information
11.1x
Asset to equity ratio
3.2%
Net interest margin
| Total deposits | US$1.00b |
| Loan to deposit ratio | Appropriate |
| Bad loans | 3.9% |
| Allowance for bad loans | Low |
| Current ratio | Low |
| Cash & equivalents | US$80.93m |
Recent financial health updates
No updates
Recent updates
Summit State Bank (NASDAQ:SSBI) Is Due To Pay A Dividend Of $0.12
Jul 29
Here's Why We Think Summit State Bank (NASDAQ:SSBI) Might Deserve Your Attention Today
Jul 19Summit State Bank (NASDAQ:SSBI) Is Due To Pay A Dividend Of $0.12
Apr 28Do Summit State Bank's (NASDAQ:SSBI) Earnings Warrant Your Attention?
Dec 15Summit State Bank (NASDAQ:SSBI) Is Due To Pay A Dividend Of $0.12
Jul 29Summit State Bank declares $0.12 dividend
Jul 26Summit State Bank (NASDAQ:SSBI) Is Due To Pay A Dividend Of US$0.12
Apr 29Summit State Bank (NASDAQ:SSBI) Is Due To Pay A Dividend Of US$0.12
Jan 28Summit State Bank's (NASDAQ:SSBI) Dividend Will Be US$0.12
Jul 30Summit State Bank's (NASDAQ:SSBI) Attractive Combination: Does It Earn A Place In Your Dividend Portfolio?
May 07Summit State Bank reports Q1 results
Apr 27Does Summit State Bank's (NASDAQ:SSBI) Share Price Gain of 95% Match Its Business Performance?
Mar 15Why You Might Be Interested In Summit State Bank (NASDAQ:SSBI) For Its Upcoming Dividend
Feb 07
Are You An Income Investor? Don't Miss Out On Summit State Bank (NASDAQ:SSBI)
Feb 05Here's Why I Think Summit State Bank (NASDAQ:SSBI) Is An Interesting Stock
Jan 01Summit State Bank reports Q3 results
Oct 28Financial Position Analysis
Debt to Equity History and Analysis
Balance Sheet
Financial Institutions Analysis
Asset Level: SSBI's Assets to Equity ratio (11.1x) is moderate.
Allowance for Bad Loans: SSBI has a low allowance for bad loans (42%).
Low Risk Liabilities: 98% of SSBI's liabilities are made up of primarily low risk sources of funding.
Loan Level: SSBI has an appropriate level of Loans to Assets ratio (82%).
Low Risk Deposits: SSBI's Loans to Deposits ratio (91%) is appropriate.
Level of Bad Loans: SSBI has a high level of bad loans (3.9%).
Discover healthy companies
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/19 19:42 |
| End of Day Share Price | 2024/12/19 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Summit State Bank is covered by 1 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Ross Demmerle | Hilliard Lyons |