Summit State Bank (SSBI) 10-Year Financial Performance & Capital Metrics

SSBI • • Banking & Credit

Financial ServicesRegional BanksCommunity & Regional Retail BankingWest Coast Community Banks

AboutSummit State Bank provides various banking products and services to individuals and businesses primarily in Sonoma County, California. It offers personal and business checking, money market, sweep, savings, and demand accounts; time certificates of deposit; and specialized deposit accounts, such as professional, small business packaged, tiered, individual retirement, and other retirement plan accounts. The company also provides loans, including commercial loans and leases; lines of credit; commercial real estate, small business administration, residential mortgage, and construction loans; home equity lines of credit; and lines of credit, term, and equipment loans, as well as loans to agriculture-related businesses. In addition, the company provides Internet and telephone banking; and other services, such as banking by appointment, online banking, direct payroll and social security deposits, letters of credit, access to national automated teller machine networks, courier, safe deposit boxes, night depository facilities, notary, travelers checks, lockbox, and banking by mail. Further, it offers electronic banking, cash management, and electronic bill payment services. The company operates through five depository offices located in Santa Rosa, Rohnert Park, Healdsburg, and Petaluma, as well as loan production offices in Roseville, California, Irvine, and Scottsdale, Arizona. Summit State Bank was incorporated in 1982 and is headquartered in Santa Rosa, California.Show more

Net Interest Income $29M -17.4%
Total Revenue $62M -4.7%
Net Income -$4M -138.7%
Return on Equity -4.43% -138.1%
Net Interest Margin 2.71% -13.1%
Efficiency Ratio 47.07% +23.8%
ROA -0.38% -139.6%
Equity / Assets 8.6% -1.2%
Book Value per Share 13.66 -6.3%
Tangible BV/Share 13.66 -2.2%
Debt/Equity 0.06 +6.8%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Company is almost debt free
✓Efficient operations: 47.1% efficiency ratio
✓Healthy dividend yield of 2.3%
✓Trading near 52-week high
✓Trading at only 0.9x book value

✗Weaknesses

✗Weak Piotroski F-Score: 3/9

Price & Volume

Loading chart...

Growth Metrics

Revenue CAGR

10Y12.02%

5Y13.82%

3Y10.14%

TTM-

Profit (Net Income) CAGR

10Y-

5Y-

3Y-

TTM-126.56%

EPS CAGR

10Y-

5Y-

3Y-

TTM-126.31%

ROCE

10Y Avg9.05%

5Y Avg10.38%

3Y Avg8.34%

Latest-4.04%

Peer Comparison

West Coast Community Banks

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
BCALSouthern California Bancorp	608.64M	18.83	85.59	45.45%	2.94%	11.23%	8.17%	0.17
CWBCCommunity West Bancshares	447.97M	23.38	51.96	51.89%	4.67%	6.95%	3.83%	0.56
GBCIGlacier Bancorp, Inc.	6.29B	48.39	28.80	11.64%	15.27%	6.57%	3.34%	1.18
GBFHGBank Financial Holdings Inc.	465.21M	32.36	23.28	2%	30.99%	11.8%	5.65%	0.22
BOHBank of Hawaii Corporation	2.86B	71.86	20.77	6.6%	14.57%	10.28%	5.9%	0.45
HFWAHeritage Financial Corporation	867.93M	25.56	20.61	4.64%	13.64%	6.33%	7.03%	0.47
HTBKHeritage Commerce Corp	786.28M	12.82	19.42	3.35%	16.12%	6.19%	4.75%	0.06
NRIMNorthrim BanCorp, Inc.	640.63M	29.00	17.47	23.77%	18.87%	19.99%		0.15

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Net Interest Income+	17.31M	18.32M	18.34M	21.36M	22.75M	30.03M	37.36M	42.13M	35.05M	28.96M
NII Growth %	0.03%	0.06%	0%	0.16%	0.07%	0.32%	0.24%	0.13%	-0.17%	-0.17%
Net Interest Margin %	-	-	-	-	-	-	-	-	-	-
Interest Income	18.25M	19.55M	20.48M	25.31M	29.78M	36.2M	41.73M	48.66M	59.83M	58.25M
Interest Expense	936K	1.23M	2.14M	3.95M	7.03M	6.16M	4.37M	6.53M	24.78M	29.29M
Loan Loss Provision	-800K	0	520K	530K	700K	2.1M	1.29M	2.54M	274K	7.94M
Non-Interest Income+	2.97M	2.38M	1.95M	2.58M	2.69M	4.38M	4.7M	7.5M	5.23M	3.78M
Non-Interest Income %	-	-	-	-	-	-	-	-	-	-
Total Revenue+	21.22M	21.93M	22.43M	27.88M	32.47M	40.58M	46.43M	56.16M	65.06M	62.03M
Revenue Growth %	0.06%	0.03%	0.02%	0.24%	0.16%	0.25%	0.14%	0.21%	0.16%	-0.05%
Non-Interest Expense	10.82M	12.24M	13.85M	15.36M	15.87M	17.38M	19.89M	23.22M	24.73M	29.2M
Efficiency Ratio	-	-	-	-	-	-	-	-	-	-
Operating Income+	10.26M	8.45M	5.92M	8.04M	8.88M	14.94M	20.88M	23.87M	15.28M	-4.39M
Operating Margin %	-	-	-	-	-	-	-	-	-	-
Operating Income Growth %	0.1%	-0.18%	-0.3%	0.36%	0.1%	0.68%	0.4%	0.14%	-0.36%	-1.29%
Pretax Income+	10.26M	8.45M	5.92M	8.04M	8.88M	14.94M	20.88M	23.87M	15.28M	-4.39M
Pretax Margin %	-	-	-	-	-	-	-	-	-	-
Income Tax+	4.23M	3.48M	2.63M	2.22M	2.4M	4.42M	6.18M	6.9M	4.46M	-195K
Effective Tax Rate %	-	-	-	-	-	-	-	-	-	-
Net Income+	6.03M	4.97M	3.29M	5.83M	6.48M	10.52M	14.7M	16.97M	10.82M	-4.19M
Net Margin %	-	-	-	-	-	-	-	-	-	-
Net Income Growth %	0.1%	-0.18%	-0.34%	0.77%	0.11%	0.62%	0.4%	0.15%	-0.36%	-1.39%
Net Income (Continuing)	6.03M	4.97M	3.29M	5.83M	6.48M	10.52M	14.7M	16.97M	10.82M	-4.19M
EPS (Diluted)+	0.89	0.75	0.49	0.87	0.97	1.57	2.20	2.54	1.62	-0.62
EPS Growth %	0.1%	-0.16%	-0.35%	0.78%	0.11%	0.62%	0.4%	0.15%	-0.36%	-1.38%
EPS (Basic)	0.90	0.75	0.50	0.87	0.97	1.58	2.20	2.54	1.62	-0.62
Diluted Shares Outstanding	6.65M	6.64M	6.66M	6.68M	6.68M	6.68M	6.68M	6.69M	6.7M	6.71M

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash & Short Term Investments+	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Cash & Due from Banks	16.33M	24.48M	68.81M	21.69M	38.3M	30.83M	40.7M	77.57M	57.79M	51.4M
Short Term Investments	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Total Investments+	477.8M	470.38M	524.35M	582.71M	638.79M	813.89M	893.85M	1.01B	1.02B	972.56M
Investments Growth %	0.15%	-0.02%	0.11%	0.11%	0.1%	0.27%	0.1%	0.13%	0.02%	-0.05%
Long-Term Investments	349.2M	362.61M	445.58M	512.54M	584.55M	745.94M	824.49M	922.59M	947.03M	912.49M
Accounts Receivables	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	0	0
Goodwill & Intangibles+	-	-	-	-	-	-	-	-	-	-
Goodwill	4.12M	4.12M	4.12M	4.12M	4.12M	4.12M	4.12M	4.12M	4.12M	0
Intangible Assets	0	0	0	0	0	0	0	0	0	0
PP&E (Net)	5.5M	5.41M	5.28M	5.8M	6.3M	5.99M	5.68M	5.46M	5.32M	5.16M
Other Assets	4.7M	5.08M	5.08M	3.08M	3.34M	3.43M	820K	-4.14M	31.92M	37.98M
Total Current Assets	149.84M	136.47M	150.8M	96.56M	97.67M	106.37M	122.98M	187.32M	134.12M	111.47M
Total Non-Current Assets	363.52M	377.23M	460.06M	525.55M	598.31M	759.48M	835.1M	928.02M	988.39M	955.62M
Total Assets+	513.37M	513.7M	610.86M	622.1M	695.98M	865.85M	958.08M	1.12B	1.12B	1.07B
Asset Growth %	0.12%	0%	0.19%	0.02%	0.12%	0.24%	0.11%	0.16%	0.01%	-0.05%
Return on Assets (ROA)	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.02%	0.02%	0.01%	-0%
Accounts Payable	2.99M	1.93M	2.67M	2.6M	3.33M	4.55M	5.32M	12.56M	0	0
Total Debt+	55.8M	68.9M	15M	56.8M	51.46M	59.38M	54.39M	46.91M	5.92M	5.93M
Net Debt	39.47M	44.42M	-53.81M	35.11M	13.16M	28.55M	13.69M	-30.66M	-51.87M	-45.47M
Long-Term Debt	55.8M	68.9M	15M	56.8M	51.46M	59.38M	54.39M	46.91M	5.92M	5.93M
Short-Term Debt	0	0	0	0	0	0	0	0	0	0
Other Liabilities	-2.99M	-1.93M	-839K	-1.04M	0	0	2.48M	4.68M	9.22M	6.87M
Total Current Liabilities	403.23M	388.11M	536.19M	503.78M	577.17M	730.85M	816.92M	975.22M	1.01B	962.56M
Total Non-Current Liabilities	52.81M	66.97M	15M	56.8M	51.46M	59.38M	56.87M	51.58M	15.14M	12.81M
Total Liabilities	456.04M	455.08M	551.19M	560.58M	628.63M	790.23M	873.8M	1.03B	1.02B	975.37M
Total Equity+	57.33M	58.62M	59.68M	61.52M	67.34M	75.63M	84.28M	88.55M	97.68M	91.72M
Equity Growth %	-0.15%	0.02%	0.02%	0.03%	0.09%	0.12%	0.11%	0.05%	0.1%	-0.06%
Equity / Assets (Capital Ratio)	-	-	-	-	-	-	-	-	-	-
Return on Equity (ROE)	0.1%	0.09%	0.06%	0.1%	0.1%	0.15%	0.18%	0.2%	0.12%	-0.04%
Book Value per Share	8.62	8.83	8.95	9.21	10.08	11.32	12.61	13.24	14.58	13.66
Tangible BV per Share	-	-	-	-	-	-	-	-	-	-
Common Stock	36.7M	36.73M	36.85M	36.97M	36.98M	36.98M	37.01M	37.18M	37.47M	37.74M
Additional Paid-in Capital	36.7M	36.73M	36.85M	36.97M	0	0	0	0	0	0
Retained Earnings	20.12M	22.78M	23.43M	26.34M	29.91M	37.51M	47.64M	61.39M	68.96M	62.87M
Accumulated OCI	-36.2M	-37.61M	-37.44M	-38.76M	457K	1.14M	-376K	-10.02M	-8.75M	-8.89M
Treasury Stock	0	0	0	0	0	0	0	0	0	0
Preferred Stock	0	0	0	0	0	0	0	0	0	0

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	4.52M	5.22M	4.24M	3.75M	24.46M	3.72M	7.47M	13.72M	-2.38M	5.85M
Operating CF Growth %	-0.07%	0.16%	-0.19%	-0.12%	5.53%	-0.85%	1.01%	0.84%	-1.17%	3.46%
Net Income	6.03M	4.97M	3.29M	5.83M	6.48M	10.52M	14.7M	16.97M	10.82M	-4.19M
Depreciation & Amortization	390K	312K	339K	346K	498K	433K	408K	391K	385K	392K
Deferred Taxes	-358K	0	292K	0	0	0	0	0	0	0
Other Non-Cash Items	-1.48M	-94K	-955K	-1.44M	18.13M	-5.7M	-7.9M	-7.56M	-4.9M	9.47M
Working Capital Changes	-442K	18K	1.25M	-1.14M	-879K	-1.6M	-196K	3.31M	-8.71M	592K
Cash from Investing+	-56.93M	5.62M	-52.39M	-59.55M	-72.26M	-168.65M	-74.95M	-117.18M	-20.18M	36.79M
Purchase of Investments	-19.51M	-71.01M	-16.97M	-3.48M	0	-65.91M	-35.7M	-34.03M	-583K	-3.58M
Sale/Maturity of Investments	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	998K	1000K
Net Investment Activity	-	-	-	-	-	-	-	-	-	-
Acquisitions	0	-10.31M	0	0	0	0	0	0	0	0
Other Investing	0	-10.69M	-81.54M	-65.44M	-90.35M	-164.52M	-70.11M	-85.28M	-20.36M	24.42M
Cash from Financing+	46.69M	-2.2M	92.73M	6.68M	64.41M	157.46M	77.35M	140.33M	2.79M	-49.03M
Dividends Paid	-2.39M	-2.31M	-2.75M	-2.91M	-2.91M	-2.91M	-2.99M	-3.23M	-3.25M	-1.9M
Share Repurchases	-13.75M	0	0	0	5.32M	0	0	0	0	0
Stock Issued	0	1K	121K	120K	14K	0	33K	0	0	0
Net Stock Activity	-	-	-	-	-	-	-	-	-	-
Debt Issuance (Net)	1000K	1000K	-1000K	1000K	-1000K	1000K	-1000K	-1000K	-1000K	0
Other Financing	42.02M	-12.99M	149.38M	-32.2M	72.66M	152.46M	85.31M	151.06M	47.04M	-47.13M
Net Change in Cash+	-5.73M	8.65M	44.58M	-49.12M	16.61M	-7.47M	9.87M	36.87M	-19.78M	-6.39M
Exchange Rate Effect	0	0	0	0	0	0	0	0	0	0
Cash at Beginning	23.31M	17.58M	26.23M	70.81M	21.69M	38.3M	30.83M	40.7M	77.57M	57.79M
Cash at End	17.58M	26.23M	70.81M	21.69M	38.3M	30.83M	40.7M	77.57M	57.79M	51.4M
Interest Paid	947K	1.26M	2.08M	3.83M	6.99M	6.14M	4.59M	6.44M	24.35M	28.22M
Income Taxes Paid	3.06M	3.59M	2.67M	3.22M	2.14M	5.69M	5.69M	5.65M	6.46M	429K
Free Cash Flow+	4.43M	5M	4.04M	2.88M	23.46M	3.59M	7.38M	13.54M	-2.62M	5.62M
FCF Growth %	0.07%	0.13%	-0.19%	-0.29%	7.16%	-0.85%	1.06%	0.83%	-1.19%	3.14%

Banking Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	9.66%	8.57%	5.57%	9.62%	10.05%	14.71%	18.38%	19.64%	11.62%	-4.43%
Return on Assets (ROA)	1.24%	0.97%	0.59%	0.95%	0.98%	1.35%	1.61%	1.64%	0.97%	-0.38%
Net Interest Margin	3.37%	3.57%	3%	3.43%	3.27%	3.47%	3.9%	3.78%	3.12%	2.71%
Efficiency Ratio	51.01%	55.84%	61.73%	55.08%	48.87%	42.82%	42.83%	41.34%	38%	47.07%
Equity / Assets	11.17%	11.41%	9.77%	9.89%	9.68%	8.73%	8.8%	7.94%	8.7%	8.6%
Book Value / Share	8.62	8.83	8.95	9.21	10.08	11.32	12.61	13.24	14.58	13.66
NII Growth	3.46%	5.81%	0.13%	16.44%	6.54%	32%	24.41%	12.75%	-16.81%	-17.36%
Dividend Payout	38.04%	46.43%	83.57%	49.97%	44.97%	27.7%	20.34%	19.01%	30.04%	-

Frequently Asked Questions

Growth & Financials

Summit State Bank (SSBI) saw revenue decline by 4.7% over the past year.

Summit State Bank (SSBI) reported a net loss of $1.6M for fiscal year 2024.

Dividend & Returns

Yes, Summit State Bank (SSBI) pays a dividend with a yield of 2.26%. This makes it attractive for income-focused investors.

Summit State Bank (SSBI) has a return on equity (ROE) of -4.4%. Negative ROE indicates the company is unprofitable.

Industry Metrics

Summit State Bank (SSBI) has a net interest margin (NIM) of 2.7%. NIM has been under pressure due to interest rate environment.

Summit State Bank (SSBI) has an efficiency ratio of 47.1%. This is excellent, indicating strong cost control.

US Stock Screener

...

Summit State Bank (SSBI) 10-Year Financial Performance & Capital Metrics

SSBI • • Banking & Credit

Financial ServicesRegional BanksCommunity & Regional Retail BankingWest Coast Community Banks

Net Interest Income $29M -17.4%
Total Revenue $62M -4.7%
Net Income -$4M -138.7%
Return on Equity -4.43% -138.1%
Net Interest Margin 2.71% -13.1%
Efficiency Ratio 47.07% +23.8%
ROA -0.38% -139.6%
Equity / Assets 8.6% -1.2%
Book Value per Share 13.66 -6.3%
Tangible BV/Share 13.66 -2.2%
Debt/Equity 0.06 +6.8%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Company is almost debt free
✓Efficient operations: 47.1% efficiency ratio
✓Healthy dividend yield of 2.3%
✓Trading near 52-week high
✓Trading at only 0.9x book value

✗Weaknesses

✗Weak Piotroski F-Score: 3/9

Price & Volume

Loading chart...

Growth Metrics

Revenue CAGR

10Y12.02%

5Y13.82%

3Y10.14%

TTM-

Profit (Net Income) CAGR

10Y-

5Y-

3Y-

TTM-126.56%

EPS CAGR

10Y-

5Y-

3Y-

TTM-126.31%

ROCE

10Y Avg9.05%

5Y Avg10.38%

3Y Avg8.34%

Latest-4.04%

Peer Comparison

West Coast Community Banks

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
BCALSouthern California Bancorp	608.64M	18.83	85.59	45.45%	2.94%	11.23%	8.17%	0.17
CWBCCommunity West Bancshares	447.97M	23.38	51.96	51.89%	4.67%	6.95%	3.83%	0.56
GBCIGlacier Bancorp, Inc.	6.29B	48.39	28.80	11.64%	15.27%	6.57%	3.34%	1.18
GBFHGBank Financial Holdings Inc.	465.21M	32.36	23.28	2%	30.99%	11.8%	5.65%	0.22
BOHBank of Hawaii Corporation	2.86B	71.86	20.77	6.6%	14.57%	10.28%	5.9%	0.45
HFWAHeritage Financial Corporation	867.93M	25.56	20.61	4.64%	13.64%	6.33%	7.03%	0.47
HTBKHeritage Commerce Corp	786.28M	12.82	19.42	3.35%	16.12%	6.19%	4.75%	0.06
NRIMNorthrim BanCorp, Inc.	640.63M	29.00	17.47	23.77%	18.87%	19.99%		0.15

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Net Interest Income+	17.31M	18.32M	18.34M	21.36M	22.75M	30.03M	37.36M	42.13M	35.05M	28.96M
NII Growth %	0.03%	0.06%	0%	0.16%	0.07%	0.32%	0.24%	0.13%	-0.17%	-0.17%
Net Interest Margin %	-	-	-	-	-	-	-	-	-	-
Interest Income	18.25M	19.55M	20.48M	25.31M	29.78M	36.2M	41.73M	48.66M	59.83M	58.25M
Interest Expense	936K	1.23M	2.14M	3.95M	7.03M	6.16M	4.37M	6.53M	24.78M	29.29M
Loan Loss Provision	-800K	0	520K	530K	700K	2.1M	1.29M	2.54M	274K	7.94M
Non-Interest Income+	2.97M	2.38M	1.95M	2.58M	2.69M	4.38M	4.7M	7.5M	5.23M	3.78M
Non-Interest Income %	-	-	-	-	-	-	-	-	-	-
Total Revenue+	21.22M	21.93M	22.43M	27.88M	32.47M	40.58M	46.43M	56.16M	65.06M	62.03M
Revenue Growth %	0.06%	0.03%	0.02%	0.24%	0.16%	0.25%	0.14%	0.21%	0.16%	-0.05%
Non-Interest Expense	10.82M	12.24M	13.85M	15.36M	15.87M	17.38M	19.89M	23.22M	24.73M	29.2M
Efficiency Ratio	-	-	-	-	-	-	-	-	-	-
Operating Income+	10.26M	8.45M	5.92M	8.04M	8.88M	14.94M	20.88M	23.87M	15.28M	-4.39M
Operating Margin %	-	-	-	-	-	-	-	-	-	-
Operating Income Growth %	0.1%	-0.18%	-0.3%	0.36%	0.1%	0.68%	0.4%	0.14%	-0.36%	-1.29%
Pretax Income+	10.26M	8.45M	5.92M	8.04M	8.88M	14.94M	20.88M	23.87M	15.28M	-4.39M
Pretax Margin %	-	-	-	-	-	-	-	-	-	-
Income Tax+	4.23M	3.48M	2.63M	2.22M	2.4M	4.42M	6.18M	6.9M	4.46M	-195K
Effective Tax Rate %	-	-	-	-	-	-	-	-	-	-
Net Income+	6.03M	4.97M	3.29M	5.83M	6.48M	10.52M	14.7M	16.97M	10.82M	-4.19M
Net Margin %	-	-	-	-	-	-	-	-	-	-
Net Income Growth %	0.1%	-0.18%	-0.34%	0.77%	0.11%	0.62%	0.4%	0.15%	-0.36%	-1.39%
Net Income (Continuing)	6.03M	4.97M	3.29M	5.83M	6.48M	10.52M	14.7M	16.97M	10.82M	-4.19M
EPS (Diluted)+	0.89	0.75	0.49	0.87	0.97	1.57	2.20	2.54	1.62	-0.62
EPS Growth %	0.1%	-0.16%	-0.35%	0.78%	0.11%	0.62%	0.4%	0.15%	-0.36%	-1.38%
EPS (Basic)	0.90	0.75	0.50	0.87	0.97	1.58	2.20	2.54	1.62	-0.62
Diluted Shares Outstanding	6.65M	6.64M	6.66M	6.68M	6.68M	6.68M	6.68M	6.69M	6.7M	6.71M

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash & Short Term Investments+	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Cash & Due from Banks	16.33M	24.48M	68.81M	21.69M	38.3M	30.83M	40.7M	77.57M	57.79M	51.4M
Short Term Investments	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Total Investments+	477.8M	470.38M	524.35M	582.71M	638.79M	813.89M	893.85M	1.01B	1.02B	972.56M
Investments Growth %	0.15%	-0.02%	0.11%	0.11%	0.1%	0.27%	0.1%	0.13%	0.02%	-0.05%
Long-Term Investments	349.2M	362.61M	445.58M	512.54M	584.55M	745.94M	824.49M	922.59M	947.03M	912.49M
Accounts Receivables	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	0	0
Goodwill & Intangibles+	-	-	-	-	-	-	-	-	-	-
Goodwill	4.12M	4.12M	4.12M	4.12M	4.12M	4.12M	4.12M	4.12M	4.12M	0
Intangible Assets	0	0	0	0	0	0	0	0	0	0
PP&E (Net)	5.5M	5.41M	5.28M	5.8M	6.3M	5.99M	5.68M	5.46M	5.32M	5.16M
Other Assets	4.7M	5.08M	5.08M	3.08M	3.34M	3.43M	820K	-4.14M	31.92M	37.98M
Total Current Assets	149.84M	136.47M	150.8M	96.56M	97.67M	106.37M	122.98M	187.32M	134.12M	111.47M
Total Non-Current Assets	363.52M	377.23M	460.06M	525.55M	598.31M	759.48M	835.1M	928.02M	988.39M	955.62M
Total Assets+	513.37M	513.7M	610.86M	622.1M	695.98M	865.85M	958.08M	1.12B	1.12B	1.07B
Asset Growth %	0.12%	0%	0.19%	0.02%	0.12%	0.24%	0.11%	0.16%	0.01%	-0.05%
Return on Assets (ROA)	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.02%	0.02%	0.01%	-0%
Accounts Payable	2.99M	1.93M	2.67M	2.6M	3.33M	4.55M	5.32M	12.56M	0	0
Total Debt+	55.8M	68.9M	15M	56.8M	51.46M	59.38M	54.39M	46.91M	5.92M	5.93M
Net Debt	39.47M	44.42M	-53.81M	35.11M	13.16M	28.55M	13.69M	-30.66M	-51.87M	-45.47M
Long-Term Debt	55.8M	68.9M	15M	56.8M	51.46M	59.38M	54.39M	46.91M	5.92M	5.93M
Short-Term Debt	0	0	0	0	0	0	0	0	0	0
Other Liabilities	-2.99M	-1.93M	-839K	-1.04M	0	0	2.48M	4.68M	9.22M	6.87M
Total Current Liabilities	403.23M	388.11M	536.19M	503.78M	577.17M	730.85M	816.92M	975.22M	1.01B	962.56M
Total Non-Current Liabilities	52.81M	66.97M	15M	56.8M	51.46M	59.38M	56.87M	51.58M	15.14M	12.81M
Total Liabilities	456.04M	455.08M	551.19M	560.58M	628.63M	790.23M	873.8M	1.03B	1.02B	975.37M
Total Equity+	57.33M	58.62M	59.68M	61.52M	67.34M	75.63M	84.28M	88.55M	97.68M	91.72M
Equity Growth %	-0.15%	0.02%	0.02%	0.03%	0.09%	0.12%	0.11%	0.05%	0.1%	-0.06%
Equity / Assets (Capital Ratio)	-	-	-	-	-	-	-	-	-	-
Return on Equity (ROE)	0.1%	0.09%	0.06%	0.1%	0.1%	0.15%	0.18%	0.2%	0.12%	-0.04%
Book Value per Share	8.62	8.83	8.95	9.21	10.08	11.32	12.61	13.24	14.58	13.66
Tangible BV per Share	-	-	-	-	-	-	-	-	-	-
Common Stock	36.7M	36.73M	36.85M	36.97M	36.98M	36.98M	37.01M	37.18M	37.47M	37.74M
Additional Paid-in Capital	36.7M	36.73M	36.85M	36.97M	0	0	0	0	0	0
Retained Earnings	20.12M	22.78M	23.43M	26.34M	29.91M	37.51M	47.64M	61.39M	68.96M	62.87M
Accumulated OCI	-36.2M	-37.61M	-37.44M	-38.76M	457K	1.14M	-376K	-10.02M	-8.75M	-8.89M
Treasury Stock	0	0	0	0	0	0	0	0	0	0
Preferred Stock	0	0	0	0	0	0	0	0	0	0

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	4.52M	5.22M	4.24M	3.75M	24.46M	3.72M	7.47M	13.72M	-2.38M	5.85M
Operating CF Growth %	-0.07%	0.16%	-0.19%	-0.12%	5.53%	-0.85%	1.01%	0.84%	-1.17%	3.46%
Net Income	6.03M	4.97M	3.29M	5.83M	6.48M	10.52M	14.7M	16.97M	10.82M	-4.19M
Depreciation & Amortization	390K	312K	339K	346K	498K	433K	408K	391K	385K	392K
Deferred Taxes	-358K	0	292K	0	0	0	0	0	0	0
Other Non-Cash Items	-1.48M	-94K	-955K	-1.44M	18.13M	-5.7M	-7.9M	-7.56M	-4.9M	9.47M
Working Capital Changes	-442K	18K	1.25M	-1.14M	-879K	-1.6M	-196K	3.31M	-8.71M	592K
Cash from Investing+	-56.93M	5.62M	-52.39M	-59.55M	-72.26M	-168.65M	-74.95M	-117.18M	-20.18M	36.79M
Purchase of Investments	-19.51M	-71.01M	-16.97M	-3.48M	0	-65.91M	-35.7M	-34.03M	-583K	-3.58M
Sale/Maturity of Investments	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	998K	1000K
Net Investment Activity	-	-	-	-	-	-	-	-	-	-
Acquisitions	0	-10.31M	0	0	0	0	0	0	0	0
Other Investing	0	-10.69M	-81.54M	-65.44M	-90.35M	-164.52M	-70.11M	-85.28M	-20.36M	24.42M
Cash from Financing+	46.69M	-2.2M	92.73M	6.68M	64.41M	157.46M	77.35M	140.33M	2.79M	-49.03M
Dividends Paid	-2.39M	-2.31M	-2.75M	-2.91M	-2.91M	-2.91M	-2.99M	-3.23M	-3.25M	-1.9M
Share Repurchases	-13.75M	0	0	0	5.32M	0	0	0	0	0
Stock Issued	0	1K	121K	120K	14K	0	33K	0	0	0
Net Stock Activity	-	-	-	-	-	-	-	-	-	-
Debt Issuance (Net)	1000K	1000K	-1000K	1000K	-1000K	1000K	-1000K	-1000K	-1000K	0
Other Financing	42.02M	-12.99M	149.38M	-32.2M	72.66M	152.46M	85.31M	151.06M	47.04M	-47.13M
Net Change in Cash+	-5.73M	8.65M	44.58M	-49.12M	16.61M	-7.47M	9.87M	36.87M	-19.78M	-6.39M
Exchange Rate Effect	0	0	0	0	0	0	0	0	0	0
Cash at Beginning	23.31M	17.58M	26.23M	70.81M	21.69M	38.3M	30.83M	40.7M	77.57M	57.79M
Cash at End	17.58M	26.23M	70.81M	21.69M	38.3M	30.83M	40.7M	77.57M	57.79M	51.4M
Interest Paid	947K	1.26M	2.08M	3.83M	6.99M	6.14M	4.59M	6.44M	24.35M	28.22M
Income Taxes Paid	3.06M	3.59M	2.67M	3.22M	2.14M	5.69M	5.69M	5.65M	6.46M	429K
Free Cash Flow+	4.43M	5M	4.04M	2.88M	23.46M	3.59M	7.38M	13.54M	-2.62M	5.62M
FCF Growth %	0.07%	0.13%	-0.19%	-0.29%	7.16%	-0.85%	1.06%	0.83%	-1.19%	3.14%

Banking Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	9.66%	8.57%	5.57%	9.62%	10.05%	14.71%	18.38%	19.64%	11.62%	-4.43%
Return on Assets (ROA)	1.24%	0.97%	0.59%	0.95%	0.98%	1.35%	1.61%	1.64%	0.97%	-0.38%
Net Interest Margin	3.37%	3.57%	3%	3.43%	3.27%	3.47%	3.9%	3.78%	3.12%	2.71%
Efficiency Ratio	51.01%	55.84%	61.73%	55.08%	48.87%	42.82%	42.83%	41.34%	38%	47.07%
Equity / Assets	11.17%	11.41%	9.77%	9.89%	9.68%	8.73%	8.8%	7.94%	8.7%	8.6%
Book Value / Share	8.62	8.83	8.95	9.21	10.08	11.32	12.61	13.24	14.58	13.66
NII Growth	3.46%	5.81%	0.13%	16.44%	6.54%	32%	24.41%	12.75%	-16.81%	-17.36%
Dividend Payout	38.04%	46.43%	83.57%	49.97%	44.97%	27.7%	20.34%	19.01%	30.04%	-

Frequently Asked Questions

Growth & Financials

Summit State Bank (SSBI) saw revenue decline by 4.7% over the past year.

Summit State Bank (SSBI) reported a net loss of $1.6M for fiscal year 2024.

Dividend & Returns

Yes, Summit State Bank (SSBI) pays a dividend with a yield of 2.26%. This makes it attractive for income-focused investors.

Summit State Bank (SSBI) has a return on equity (ROE) of -4.4%. Negative ROE indicates the company is unprofitable.

Industry Metrics

Summit State Bank (SSBI) has a net interest margin (NIM) of 2.7%. NIM has been under pressure due to interest rate environment.

Summit State Bank (SSBI) has an efficiency ratio of 47.1%. This is excellent, indicating strong cost control.