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1ST SUMMIT BANCORP of Johnstown

OTCPK:FSMK
Snowflake Description

Flawless balance sheet and slightly overvalued.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
FSMK
OTCPK
$135M
Market Cap
  1. Home
  2. US
  3. Banks
Company description

1ST SUMMIT BANCORP of Johnstown, Inc. operates as the holding company for 1ST SUMMIT BANK that provides various banking products and services. The last earnings update was 67 days ago. More info.


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FSMK Share Price and Events
7 Day Returns
0%
OTCPK:FSMK
0.7%
US Banks
-0.7%
US Market
1 Year Returns
-
OTCPK:FSMK
-2%
US Banks
7.8%
US Market
FSMK Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
1ST SUMMIT BANCORP of Johnstown (FSMK) 0% 0% - - - -
US Banks 0.7% 5.4% 5.9% -2% 51.8% 55.9%
US Market -0.7% 1.4% 7.3% 7.8% 41% 46.8%
1 Year Return vs Industry and Market
  • No trading data on FSMK.
  • No trading data on FSMK.
Price Volatility
FSMK
Industry
5yr Volatility vs Market

Value

 Is 1ST SUMMIT BANCORP of Johnstown undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of 1ST SUMMIT BANCORP of Johnstown to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for 1ST SUMMIT BANCORP of Johnstown.

OTCPK:FSMK Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Excess Returns Model
Stable EPS Median Return on Equity from the past 5 years.
= Stable Book Value * Return on Equity
= $83.50 * 10.9%
$9.12
Book Value of Equity per Share Median Book Value from the past 5 years. $83.50
Discount Rate (Cost of Equity) See below 7.8%
Perpetual Growth Rate 10-Year US Government Bond Rate 2.7%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for OTCPK:FSMK
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6%
Banks Unlevered Beta Simply Wall St/ S&P Global 0.63
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.631 (1 + (1- 21%) (28.45%))
0.848
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.85
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (0.848 * 5.96%)
7.78%

Discounted Cash Flow Calculation for OTCPK:FSMK using Excess Returns Model Model

The calculations below outline how an intrinsic value for 1ST SUMMIT BANCORP of Johnstown is arrived at using the Excess Return Model. This approach is used for finance firms where free cash flow is difficult to estimate.

In the Excess Return Model the value of a firm can be written as the sum of capital invested currently in the firm and the present value of excess returns that the firm expects to make in the future.

The model is sensitive to the Return on Equity of the company versus the Cost of Equity, how these are calculated is detailed below the main calculation.

Note the calculations below are per share.

See our documentation to learn about this calculation.

OTCPK:FSMK Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (10.9% – 7.78%) * $83.50)
$2.62
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= $2.62 / (7.78% - 2.73%)
$51.92
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= $83.50 + $51.92
$135.41
OTCPK:FSMK Discount to Share Price
Calculation Result
Value per share (USD) From above. $135.41
Current discount Discount to share price of $123.00
= -1 x ($123.00 - $135.41) / $135.41
9.2%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price 1ST SUMMIT BANCORP of Johnstown is available for.
Intrinsic value
9%
Share price is $123 vs Future cash flow value of $135.41
Current Discount Checks
For 1ST SUMMIT BANCORP of Johnstown to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • 1ST SUMMIT BANCORP of Johnstown's share price is below the future cash flow value, but not at a moderate discount (< 20%).
  • 1ST SUMMIT BANCORP of Johnstown's share price is below the future cash flow value, but not at a substantial discount (< 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for 1ST SUMMIT BANCORP of Johnstown's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are 1ST SUMMIT BANCORP of Johnstown's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
OTCPK:FSMK PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in USD $9.79
OTCPK:FSMK Share Price ** OTCPK (2019-02-06) in USD $123
United States of America Banks Industry PE Ratio Median Figure of 590 Publicly-Listed Banks Companies 13x
United States of America Market PE Ratio Median Figure of 3,080 Publicly-Listed Companies 18.12x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of 1ST SUMMIT BANCORP of Johnstown.

OTCPK:FSMK PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= OTCPK:FSMK Share Price ÷ EPS (both in USD)

= 123 ÷ 9.79

12.56x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • 1ST SUMMIT BANCORP of Johnstown is good value based on earnings compared to the US Banks industry average.
  • 1ST SUMMIT BANCORP of Johnstown is good value based on earnings compared to the United States of America market.
Price based on expected Growth
Does 1ST SUMMIT BANCORP of Johnstown's expected growth come at a high price?
Raw Data
OTCPK:FSMK PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 12.56x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
3.8%per year
United States of America Banks Industry PEG Ratio Median Figure of 265 Publicly-Listed Banks Companies 1.47x
United States of America Market PEG Ratio Median Figure of 2,111 Publicly-Listed Companies 1.59x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for 1ST SUMMIT BANCORP of Johnstown, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on 1ST SUMMIT BANCORP of Johnstown's assets?
Raw Data
OTCPK:FSMK PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in USD $89.80
OTCPK:FSMK Share Price * OTCPK (2019-02-06) in USD $123
United States of America Banks Industry PB Ratio Median Figure of 595 Publicly-Listed Banks Companies 1.23x
United States of America Market PB Ratio Median Figure of 5,191 Publicly-Listed Companies 1.9x
OTCPK:FSMK PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= OTCPK:FSMK Share Price ÷ Book Value per Share (both in USD)

= 123 ÷ 89.80

1.37x

* Primary Listing of 1ST SUMMIT BANCORP of Johnstown.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • 1ST SUMMIT BANCORP of Johnstown is overvalued based on assets compared to the US Banks industry average.
X
Value checks
We assess 1ST SUMMIT BANCORP of Johnstown's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Banks industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Banks industry average (and greater than 0)? (1 check)
  5. 1ST SUMMIT BANCORP of Johnstown has a total score of 2/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is 1ST SUMMIT BANCORP of Johnstown expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

  • No analysts cover 1ST SUMMIT BANCORP of Johnstown, future earnings growth has been estimated based on fundamentals.
The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
3.8%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is 1ST SUMMIT BANCORP of Johnstown expected to grow at an attractive rate?
  • 1ST SUMMIT BANCORP of Johnstown's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
  • 1ST SUMMIT BANCORP of Johnstown's earnings growth is positive but not above the United States of America market average.
  • Unable to compare 1ST SUMMIT BANCORP of Johnstown's revenue growth to the United States of America market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
OTCPK:FSMK Future Growth Rates Data Sources
Data Point Source Value (per year)
OTCPK:FSMK Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts 3.8%
United States of America Banks Industry Earnings Growth Rate Market Cap Weighted Average 3.9%
United States of America Banks Industry Revenue Growth Rate Market Cap Weighted Average 4%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 15%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.3%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
OTCPK:FSMK Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
OTCPK:FSMK Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2018-12-31 34 14 11
2017-12-31 35 12 10
2016-12-31 33 14 10

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • 1ST SUMMIT BANCORP of Johnstown's earnings are expected to grow by 3.8% yearly, however this is not considered high growth (20% yearly).
  • Unable to determine if 1ST SUMMIT BANCORP of Johnstown is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
OTCPK:FSMK Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (4 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from 1ST SUMMIT BANCORP of Johnstown Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OTCPK:FSMK Past Financials Data
Date (Data in USD Millions) EPS *
2018-12-31 9.79
2017-12-31 9.01
2016-12-31 9.22

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if 1ST SUMMIT BANCORP of Johnstown will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess 1ST SUMMIT BANCORP of Johnstown's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
1ST SUMMIT BANCORP of Johnstown has a total score of 1/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has 1ST SUMMIT BANCORP of Johnstown performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare 1ST SUMMIT BANCORP of Johnstown's growth in the last year to its industry (Banks).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • 1ST SUMMIT BANCORP of Johnstown's year on year earnings growth rate has been positive over the past 5 years.
  • 1ST SUMMIT BANCORP of Johnstown's 1-year earnings growth exceeds its 5-year average (8.7% vs 2.8%)
  • 1ST SUMMIT BANCORP of Johnstown's earnings growth has not exceeded the US Banks industry average in the past year (8.7% vs 40.8%).
Earnings and Revenue History
1ST SUMMIT BANCORP of Johnstown's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from 1ST SUMMIT BANCORP of Johnstown Company Filings, last reported 4 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OTCPK:FSMK Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 33.60 10.75 16.46
2017-12-31 34.75 9.89 15.75
2016-12-31 32.71 10.14 14.71
2015-12-31 32.23 9.91 13.86
2014-12-31 30.39 9.57 13.36
2013-12-31 28.61 9.06 12.54

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • 1ST SUMMIT BANCORP of Johnstown has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • 1ST SUMMIT BANCORP of Johnstown used its assets less efficiently than the US Banks industry average last year based on Return on Assets.
  • Unable to establish if 1ST SUMMIT BANCORP of Johnstown improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to insufficient past data.
X
Past performance checks
We assess 1ST SUMMIT BANCORP of Johnstown's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Banks industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
1ST SUMMIT BANCORP of Johnstown has a total score of 2/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is 1ST SUMMIT BANCORP of Johnstown's financial position? (This company is analysed differently as a bank or financial institution)

This company is a bank or financial institution.

Fundamentally a bank's business is based upon borrowing and lending money, for this reason they typically have high levels of debt and we analyse them differently.
Net Worth
Balance sheet
This treemap shows a more detailed breakdown of 1ST SUMMIT BANCORP of Johnstown's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from 1ST SUMMIT BANCORP of Johnstown Company Filings, last reported 4 months ago.

OTCPK:FSMK Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 98.60 38.42 10.54
2017-12-31 95.09 31.18 6.87
2016-12-31 88.33 35.39 19.69
2015-12-31 83.47 43.26 8.09
2014-12-31 78.09 30.28 8.07
2013-12-31 64.47 33.68 8.47
BANK ANALYSIS

This company is a bank or financial institution, which is analysed accordingly below.

Below we check the amount of loans the bank has, how many of those are bad, and its ability to cover any bad loans.
  • 1ST SUMMIT BANCORP of Johnstown has an acceptable proportion of non-loan assets held.
  • 1ST SUMMIT BANCORP of Johnstown's liabilities are made up of primarily low risk sources of funding.
  • Loans at 1ST SUMMIT BANCORP of Johnstown are broadly funded by customer deposits.
  • 1ST SUMMIT BANCORP of Johnstown's level of assets compared to its equity is moderate (i.e. an appropriate level of borrowing to fund lending).
  • 1ST SUMMIT BANCORP of Johnstown has a sufficient allowance for bad loans.
  • 1ST SUMMIT BANCORP of Johnstown has an acceptable level of bad loans (less than 2%).
X
Financial health checks
We assess 1ST SUMMIT BANCORP of Johnstown's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. 1ST SUMMIT BANCORP of Johnstown has a total score of 6/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is 1ST SUMMIT BANCORP of Johnstown's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
2.28%
Current annual income from 1ST SUMMIT BANCORP of Johnstown dividends.
If you bought $2,000 of 1ST SUMMIT BANCORP of Johnstown shares you are expected to receive $46 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • 1ST SUMMIT BANCORP of Johnstown's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.41%).
  • 1ST SUMMIT BANCORP of Johnstown's dividend is below the markets top 25% of dividend payers in United States of America (3.63%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
OTCPK:FSMK Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
United States of America Banks Industry Average Dividend Yield Market Cap Weighted Average of 472 Stocks 2.7%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 1998 Stocks 2.4%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.4%
United States of America Top 25% Dividend Yield 75th Percentile 3.6%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

OTCPK:FSMK Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2019-02-06 2.800 2.276
2017-07-27 2.480 2.204
2016-07-06 2.280 2.251
2015-03-13 2.080 2.268

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Whilst dividend payments have been stable, 1ST SUMMIT BANCORP of Johnstown has been paying a dividend for less than 10 years.
  • Dividend payments have increased, but 1ST SUMMIT BANCORP of Johnstown only paid a dividend in the past 4 years.
Current Payout to shareholders
What portion of 1ST SUMMIT BANCORP of Johnstown's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (3.4x coverage).
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess 1ST SUMMIT BANCORP of Johnstown's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can 1ST SUMMIT BANCORP of Johnstown afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. 1ST SUMMIT BANCORP of Johnstown has a total score of 2/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of 1ST SUMMIT BANCORP of Johnstown's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Elmer Laslo
AGE 69
CEO Bio

• President, Enterprise Venture Capital Corporation, Johnstown, PA. • Director, Johnstown Area Heritage Association, Johnstown, PA. • Director, Cambria County Community Arts Center, Johnstown, PA. • Director, Johnstown Area Regional Industries, Johnstown, PA. • Director, Conemaugh Health Initiatives, Johnstown, PA. • Director, Sunnehanna Country Club, Johnstown, PA.

CEO Compensation
  • Insufficient data for Elmer to compare compensation growth.
  • Insufficient data for Elmer to establish whether their remuneration is reasonable compared to companies of similar size in United States of America.
Management Team

Elmer Laslo

TITLE
President
AGE
69

Jeffry Cramer

TITLE
Executive Vice President

Carol Myers

TITLE
Executive VP & Treasurer

Tim Smith

TITLE
Senior VP & Secretary

Donald Yeager

TITLE
Senior Vice President

Michael Seigh

TITLE
Senior Vice President & Assistant Treasurer

Polly Previte

TITLE
Senior Vice President

John Kubinsky

TITLE
Senior Vice President
Board of Directors

Joseph Kondisko

TITLE
Chairman of the Board
TENURE
8.3 yrs

Elmer Laslo

TITLE
President
AGE
69

Rex McQuaide

TITLE
Director

John McCall

TITLE
Director

Stephen Zamias

TITLE
Director

Edward Sheehan

TITLE
Director
TENURE
4.3 yrs

Jacqueline Martella

TITLE
Director

Michael Ondesko

TITLE
Director

Robert Gardill

TITLE
Director

Dominic Bellvia

TITLE
Director Emeriti
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
X
Management checks
We assess 1ST SUMMIT BANCORP of Johnstown's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. 1ST SUMMIT BANCORP of Johnstown has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Company Info

Description

1ST SUMMIT BANCORP of Johnstown, Inc. operates as the holding company for 1ST SUMMIT BANK that provides various banking products and services. The company accepts various deposits, such as checking, savings, interest-bearing and noninterest-bearing demand deposit, money market, and individual retirement accounts, as well as certificates of deposit. It offers personal loans, including auto, recreational vehicle, and educational loans; home equity loans; home equity line of credit; home mortgage loans; business lines of credit; commercial mortgage; equipment loans; equipment leasing; and commercial vehicle loans. The company also offers credit, prepaid, and gift cards; wealth management and investment services comprising trust, financial advisory and planning; life insurance and long-term care insurance services; and reorder checks, safe deposit boxes, and electronic banking services. In addition, it provides securities portfolio primarily consisting of issues of the United States government agencies, including mortgage-backed securities, municipal obligations, corporate debt, and equity securities of other financial institutions. Further, the company, through its subsidiary Cambria Thrift Consumer Discount Company, offers consumer finance products and services. It serves customers through 16 offices in Cambria, Somerset, Indiana, Blair, and Westmoreland counties in Pennsylvania. The company was formerly known as SUMMIT Bancorp, Inc. and changed its name to 1ST SUMMIT BANCORP of Johnstown, Inc. in 1996. 1ST SUMMIT BANCORP of Johnstown, Inc. was founded in 1924 and is based in Johnstown, Pennsylvania.

Details
Name: 1ST SUMMIT BANCORP of Johnstown, Inc.
FSMK
Exchange: OTCPK
Founded: 1924
$135,040,226
1,097,888
Website: http://www.1stsummit.com
Address: 1ST SUMMIT BANCORP of Johnstown, Inc.
125 Donald Lane,
PO Box 5480,
Johnstown,
Pennsylvania, 15904,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
OTCPK FSMK Common Stock Pink Sheets LLC US USD 17. May 2007
Number of employees
Current staff
Staff numbers
0
1ST SUMMIT BANCORP of Johnstown employees.
Industry
Regional Banks
Banks
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/05/06 01:33
End of day share price update: 2019/02/06 00:00
Last earnings filing: 2019/02/28
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.