Summit State Bank Management
Management criteria checks 4/4
Summit State Bank's CEO is Brian Reed, appointed in Apr 2020, has a tenure of 4.58 years. total yearly compensation is $798.09K, comprised of 64.8% salary and 35.2% bonuses, including company stock and options. directly owns 2.1% of the company’s shares, worth $965.83K. The average tenure of the management team and the board of directors is 7.4 years and 12.4 years respectively.
Key information
Brian Reed
Chief executive officer
US$798.1k
Total compensation
| CEO salary percentage | 64.8% |
| CEO tenure | 4.6yrs |
| CEO ownership | 2.1% |
| Management average tenure | 7.4yrs |
| Board average tenure | 12.4yrs |
Recent management 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 28CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Sep 30 2024 | n/a | n/a | US$5m |
| Jun 30 2024 | n/a | n/a | US$6m |
| Mar 31 2024 | n/a | n/a | US$8m |
| Dec 31 2023 | US$798k | US$517k | US$11m |
| Sep 30 2023 | n/a | n/a | US$13m |
| Jun 30 2023 | n/a | n/a | US$16m |
| Mar 31 2023 | n/a | n/a | US$17m |
| Dec 31 2022 | US$820k | US$439k | US$17m |
| Sep 30 2022 | n/a | n/a | US$16m |
| Jun 30 2022 | n/a | n/a | US$16m |
| Mar 31 2022 | n/a | n/a | US$15m |
| Dec 31 2021 | US$647k | US$399k | US$15m |
| Sep 30 2021 | n/a | n/a | US$14m |
| Jun 30 2021 | n/a | n/a | US$13m |
| Mar 31 2021 | n/a | n/a | US$11m |
| Dec 31 2020 | US$518k | US$317k | US$11m |
| Sep 30 2020 | n/a | n/a | US$9m |
| Jun 30 2020 | n/a | n/a | US$9m |
| Mar 31 2020 | n/a | n/a | US$7m |
| Dec 31 2019 | US$305k | US$244k | US$6m |
| Sep 30 2019 | n/a | n/a | US$6m |
| Jun 30 2019 | n/a | n/a | US$5m |
| Mar 31 2019 | n/a | n/a | US$6m |
| Dec 31 2018 | US$323k | US$225k | US$6m |
| Sep 30 2018 | n/a | n/a | US$5m |
| Jun 30 2018 | n/a | n/a | US$5m |
| Mar 31 2018 | n/a | n/a | US$4m |
| Dec 31 2017 | US$286k | US$200k | US$3m |
Compensation vs Market: Brian's total compensation ($USD798.09K) is about average for companies of similar size in the US market ($USD651.40K).
Compensation vs Earnings: Brian's compensation has been consistent with company performance over the past year.
CEO
Brian Reed (65 yo)
4.6yrs
Tenure
US$798,086
Compensation
Mr. Brian J. Reed has been the President and Chief Executive Officer at Summit State Bank since April 28, 2020 and has been its Director since April 2020. He served as an Executive Vice President and Chief...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 4.6yrs | US$798.09k | 2.1% $ 965.8k | |
| Executive VP & COO | 6.8yrs | US$490.97k | 0.42% $ 194.2k | |
| Executive VP & Chief Lending Officer | 7.9yrs | US$475.73k | 0.29% $ 131.4k | |
| Executive VP & CFO | 5.9yrs | US$156.48k | 0.24% $ 110.9k | |
| Vice President of Marketing & Community Relations | 11.1yrs | no data | no data | |
| Senior Vice President | 13.1yrs | no data | no data | |
| Senior Vice President | 8.3yrs | no data | no data | |
| Executive VP & Chief Credit Officer | 4.8yrs | no data | 0.16% $ 72.5k | |
| Corporate Secretary | no data | no data | no data | |
| Director of Information Services | no data | no data | no data |
7.4yrs
Average Tenure
55yo
Average Age
Experienced Management: SSBI's management team is seasoned and experienced (7.4 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 4.6yrs | US$798.09k | 2.1% $ 965.8k | |
| Independent Director | 26.8yrs | US$35.91k | 11.03% $ 5.1m | |
| Independent Director | 24.8yrs | US$57.51k | 0.18% $ 80.9k | |
| Member of Advisory Board | no data | US$12.40k | no data | |
| Chairman of Advisory Board Member | no data | US$13.90k | no data | |
| Independent Director | 15.8yrs | US$69.51k | 0.35% $ 161.6k | |
| Independent Chairman of the Board | 13.4yrs | US$93.51k | 0.051% $ 23.2k | |
| Independent Director | 11.3yrs | US$61.66k | 0.68% $ 311.8k | |
| Independent Director | 10.3yrs | US$70.41k | 0.29% $ 133.3k | |
| Member of Advisory Board | no data | no data | no data | |
| Member of Advisory Board | no data | no data | no data | |
| Independent Vice Chairman of the Board | 4.8yrs | US$47.31k | 0.081% $ 37.2k |
12.4yrs
Average Tenure
73yo
Average Age
Experienced Board: SSBI's board of directors are seasoned and experienced ( 12.4 years average tenure).