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 $93.4M. Total deposits are $1.0B, and total loans are $932.2M earning a Net Interest Margin of 4.3%. It has insufficient allowance for bad loans, which are currently at 3.7% of total loans. Cash and short-term investments are $86.6M.
Key information
12.2x
Asset to equity ratio
4.3%
Net interest margin
| Total deposits | US$1.03b |
| Loan to deposit ratio | Appropriate |
| Bad loans | 3.7% |
| Allowance for bad loans | Low |
| Current ratio | Low |
| Cash & equivalents | US$86.60m |
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 (12.2x) is moderate.
Allowance for Bad Loans: SSBI has a low allowance for bad loans (43%).
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 (90%) is appropriate.
Level of Bad Loans: SSBI has a high level of bad loans (3.7%).