OTCPK:SBKO

Stock Analysis Report

Executive Summary

Summit Bank provides commercial banking, financing, real estate lending, and other services to personal and business customers primarily in Lane and Deschutes Counties in Oregon.

Snowflake

Fundamentals

Flawless balance sheet with proven track record.

Risks

  • Summit Bank is not covered by any analysts.

Share Price & News

How has Summit Bank's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

0.3%

OTCPK:SBKO

3.3%

US Banks

2.1%

US Market


1 Year Return

-15.5%

OTCPK:SBKO

-13.8%

US Banks

-0.04%

US Market

SBKO matched the Banks industry (-14.8%) over the past year.

SBKO underperformed the Market in United States of America which returned 0.2% over the past year.


Share holder returns

SBKOIndustryMarket
7 Day0.3%3.3%2.1%
30 Day0%-7.0%-3.2%
90 Day0%-2.3%2.8%
1 Year-15.5%-15.5%-11.3%-13.8%2.2%-0.04%
3 Year87.5%87.5%42.5%32.7%41.5%32.3%
5 Year170.4%170.4%54.2%37.6%55.0%37.8%

Price Volatility Vs. Market

How volatile is Summit Bank's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is Summit Bank undervalued based on future cash flows and its price relative to the stock market?

13.05x

Price to Earnings (PE) ratio


Intrinsic Value Based on Future Cash Flows

Summit Bank's share price is above the future cash flow value, it's not available at a moderate discount (< 20%).

Summit Bank's share price is above the future cash flow value, it's not available at a substantial discount (< 40%).


Price Based on Earnings

Summit Bank is overvalued based on earnings compared to the US Banks industry average.

Summit Bank is good value based on earnings compared to the United States of America market.


Price Based on Expected Growth

Unable to calculate PEG ratio for Summit Bank, we can't assess if its growth is good value.


Price Based on Value of Assets

Summit Bank is overvalued based on assets compared to the US Banks industry average.


Next Steps

Future Growth

How is Summit Bank expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

2.2%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

Unable to determine if Summit Bank is high growth as no revenue estimate data is available.

Summit Bank's earnings are expected to grow by 2.2% yearly, however this is not considered high growth (20% yearly).

Unable to compare Summit Bank's revenue growth to the United States of America market average as no estimate data is available.

Summit Bank's earnings growth is positive but not above the United States of America market average.

Summit Bank's earnings growth is positive but not above the low risk savings rate of 2.7%.


Earnings per Share Growth Estimates


Future Return on Equity

Unable to establish if Summit Bank will efficiently use shareholders’ funds in the future without estimates of Return on Equity.


Next Steps

Past Performance

How has Summit Bank performed over the past 5 years?

19.7%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Summit Bank's year on year earnings growth rate has been positive over the past 5 years.

Summit Bank's 1-year earnings growth exceeds its 5-year average (51.2% vs 19.7%)

Summit Bank's earnings growth has exceeded the US Banks industry average in the past year (51.2% vs 33.2%).


Return on Equity

Summit Bank has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).


Return on Assets

Summit Bank used its assets more efficiently than the US Banks industry average last year based on Return on Assets.


Return on Capital Employed

Unable to establish if Summit Bank improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to insufficient past data.


Next Steps

Financial Health

How is Summit Bank's financial position? (This company is analysed differently as a bank or financial institution)


Financial Position Analysis


Debt to Equity History and Analysis


Balance Sheet

Information is not available.

Information is not available.


Financial Institutions Analysis

Summit Bank has an acceptable proportion of non-loan assets held.

Summit Bank has a sufficient allowance for bad loans.

Summit Bank's liabilities are made up of primarily low risk sources of funding.

Summit Bank's level of assets compared to its equity is moderate (i.e. an appropriate level of borrowing to fund lending).

Loans at Summit Bank are broadly funded by customer deposits.

Summit Bank has an acceptable level of bad loans (less than 2%).


Next Steps

Dividend

What is Summit Bank's current dividend yield, its reliability and sustainability?


Dividend Yield and Payments Analysis

Unable to evaluate Summit Bank's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.

Unable to evaluate Summit Bank's dividend against the top 25% market benchmark as the company has not reported any payouts.

Unable to perform a dividend volatility check as Summit Bank has not reported any payouts.

Unable to verify if Summit Bank's dividend has been increasing as the company has not reported any payouts.


Current Payout to Shareholders

Unable to calculate sustainability of dividends as Summit Bank has not reported any payouts.


Future Payout to Shareholders

Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.


Next Steps

Management

What is the CEO of Summit Bank's salary, the management and board of directors tenure and is there insider trading?

2.3yrs

Average management tenure


CEO

Craig Wanichek (50yo)

6.0yrs

Tenure

0

Mr. Craig A. Wanichek has been the Chief Executive Officer and President of Summit Bank since August 5, 2013. Mr. Wanichek served as Senior Vice President and Chief Credit Administrator of Summit Bank and  ...


Management Age and Tenure

2.3yrs

Average Tenure

52yo

Average Age

The tenure for the Summit Bank management team is about average.


Board Age and Tenure

9.6yrs

Average Tenure

58yo

Average Age

The tenure for the Summit Bank board of directors is about average.


Insider Trading

No 3 month open market individual insider trading information.


Management Team

  • Craig Wanichek (50yo)

    President

    • Tenure: 6.0yrs
  • Vickie Cussins

    Corporate Secretary & Administrative Officer

    • Tenure: 0.0yrs
  • Scott Goldstein (52yo)

    Senior VP & CFO

    • Tenure: 0.0yrs
  • Mike Mercer (52yo)

    Senior VP & Director of Municipal Banking Group

    • Tenure: 0.0yrs
  • Bill Whalen (54yo)

    Senior VP & Chief Credit Officer

    • Tenure: 0.4yrs
  • Jenny Bennett

    Senior Vice President of Marketing & Business Development

    • Tenure: 4.0yrs
  • Gary O’Connell

    Senior VP & Central Oregon Market President

    • Tenure: 0.0yrs
  • Genevieve Sumnall

    VP & Director of Treasury Management

    • Tenure: 0.0yrs
  • Michaela Marcotte

    HR Director

    • Tenure: 0.0yrs
  • Margaret Tibbets

    Senior VP & Chief Administrative Officer

    • Tenure: 0.6yrs

Board Members

  • Ross Kari (60yo)

    Director

    • Tenure: 4.4yrs
  • Andy Storment (56yo)

    Vice Chairman of the Board

    • Tenure: 0.0yrs
  • Craig Wanichek (50yo)

    President

    • Tenure: 6.0yrs
  • R. Weinhold (56yo)

    Chairman of the Board

    • Tenure: 8.6yrs
  • Ann Mehlum (65yo)

    Director

    • Tenure: 2.0yrs
  • Alan Evans (70yo)

    Director

    • Tenure: 16.6yrs
  • Richard Abraham (66yo)

    Director

    • Tenure: 16.6yrs
  • Steve Korth (49yo)

    Director

    • Tenure: 11.6yrs
  • Dennis Orem (68yo)

    Director

    • Tenure: 16.6yrs
  • Andy Moore (50yo)

    Director

    • Tenure: 9.6yrs

Company Information

Summit Bank's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Summit Bank
  • Ticker: SBKO
  • Exchange: OTCPK
  • Founded: 2004
  • Industry: Regional Banks
  • Sector: Banks
  • Market Cap: US$77.410m
  • Shares outstanding: 5.16m
  • Website: https://www.sbko.bank

Location

  • Summit Bank
  • 96 East Broadway
  • Eugene
  • Oregon
  • 97401
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
SBKOOTCPK (Pink Sheets LLC)YesCommon StockUSUSDDec 2006

Biography

Summit Bank provides commercial banking, financing, real estate lending, and other services to personal and business customers primarily in Lane and Deschutes Counties in Oregon. It accepts various deposit ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/08/22 23:59
End of Day Share Price2019/08/16 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


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.