The bank maintains a conservative capital structure with an equity-to-assets ratio of 0.10, reflecting a strategic priority on stability over aggressive asset expansion.
Summit State Bank (SSBI) balance sheet — 23-year assets, liabilities & shareholders' equity history
| Metric | TTM | Dec'25 | Dec'24 | Dec'23 | Dec'22 | Dec'21 | Dec'20 | Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 | Dec'09 | Dec'08 | Dec'07 | Dec'06 | Dec'05 | Dec'04 | Dec'03 |
|---|
| Cash & Short Term Investments | 382.69M | 65.52M | 111.47M | 134.12M | 161.35M | 110.07M | 98.78M | 92.54M | 91.87M | 147.58M | 132.25M | 144.93M | 147.28M | 131.68M | 148.67M | 96.95M | 4.54M | 2.93M | 3.65M | 5.78M | 10.61M | 3.82M | 0 | 0 |
| Cash & Due from Banks | 115.46M | 65.52M | 51.4M | 57.79M | 77.57M | 40.7M | 30.83M | 38.3M | 21.69M | 68.81M | 24.48M | 16.33M | 22.55M | 18.11M | 22.96M | 8.29M | 4.54M | 2.93M | 3.65M | 5.78M | 10.61M | 3.82M | 0 | 0 |
| Short Term Investments | 0 | 0 | 60.07M | 76.33M | 83.78M | 69.37M | 67.95M | 54.24M | 70.17M | 78.77M | 107.77M | 128.6M | 124.72M | 113.57M | 125.71M | 88.66M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Investments | 854.28M | 912.83M | 972.56M | 1.02B | 1.01B | 893.85M | 813.89M | 638.79M | 582.71M | 524.35M | 470.38M | 477.8M | 414.5M | 411.79M | 401.59M | 358.62M | 314.04M | 315.68M | 340.83M | 307.49M | 283.69M | 260.71M | 200.18M | 0 |
| Investments Growth % | -38.61% | -6.14% | -4.96% | 1.69% | 12.59% | 9.82% | 27.41% | 9.62% | 11.13% | 11.47% | -1.55% | 15.27% | 0.66% | 2.54% | 11.98% | 14.2% | -0.52% | -7.38% | 10.84% | 8.39% | 8.82% | 30.23% | - | - |
| Long-Term Investments | 3.47B | 912.83M | 912.49M | 947.03M | 922.59M | 824.49M | 745.94M | 584.55M | 512.54M | 445.58M | 362.61M | 349.2M | 289.77M | 298.23M | 275.88M | 269.96M | 314.04M | 315.68M | 340.83M | 307.49M | 283.69M | 260.71M | 200.18M | 0 |
| Accounts Receivables | 0 | 0 | 0 | 0 | 17.09M | 9.41M | 7.59M | 5.13M | 4.69M | 3.22M | 4.22M | 4.92M | 3.95M | 7.2M | 3.96M | 6.6M | 7.37M | 7.01M | 5.22M | 4.38M | 4.21M | 3.62M | 0 | 0 |
| Goodwill & Intangibles | 0 | 0 | 0 | 4.12M | 4.12M | 4.12M | 4.12M | 4.12M | 4.12M | 4.12M | 4.12M | 4.12M | 4.12M | 4.12M | 4.12M | 4.12M | 4.12M | 4.12M | 4.12M | 4.12M | 4.12M | 4.12M | 0 | 0 |
| Goodwill | 0 | 0 | 0 | 4.12M | 4.12M | 4.12M | 4.12M | 4.12M | 4.12M | 4.12M | 4.12M | 4.12M | 4.12M | 4.12M | 4.12M | 4.12M | 4.12M | 4.12M | 4.12M | 4.12M | 4.12M | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 4.12M | 0 | 0 |
| PP&E (Net) | 4.73M | 4.82M | 5.16M | 5.32M | 5.46M | 5.68M | 5.99M | 6.3M | 5.8M | 5.28M | 5.41M | 5.5M | 5.8M | 5.5M | 5.16M | 6.73M | 7.3M | 7.72M | 7.82M | 8.46M | 8.18M | 8.65M | 0 | 0 |
| Other Assets | 21.45M | 21.41M | 37.98M | 31.92M | -4.14M | 820K | 3.43M | 3.34M | 3.08M | 5.08M | 5.08M | 4.7M | 8.75M | 7.35M | 7.11M | 3.26M | 10.55M | 2.94M | 2.94M | 9.96M | 2.16M | 64.82M | 47.59M | 0 |
| Total Current Assets | 115.46M | 65.52M | 111.47M | 134.12M | 187.32M | 122.98M | 106.37M | 97.67M | 96.56M | 150.8M | 136.47M | 149.84M | 151.23M | 138.88M | 152.63M | 103.55M | 11.92M | 9.94M | 8.88M | 10.16M | 14.81M | 7.44M | 0 | 0 |
| Total Non-Current Assets | 880.47M | 939.06M | 955.62M | 988.39M | 928.02M | 835.1M | 759.48M | 598.31M | 525.55M | 460.06M | 377.23M | 363.52M | 308.45M | 315.2M | 292.27M | 284.08M | 336.02M | 330.46M | 355.7M | 330.04M | 298.14M | 338.3M | 247.77M | 0 |
| Total Assets | 995.92M | 1B | 1.07B | 1.12B | 1.12B | 958.08M | 865.85M | 695.98M | 622.1M | 610.86M | 513.7M | 513.37M | 459.68M | 454.07M | 444.9M | 387.63M | 347.93M | 340.4M | 364.58M | 340.19M | 312.95M | 345.74M | 247.77M | 232.89M |
| Asset Growth % | -26.82% | -5.86% | -4.94% | 0.64% | 16.41% | 10.65% | 24.41% | 11.87% | 1.84% | 18.91% | 0.07% | 11.68% | 1.23% | 2.06% | 14.77% | 11.41% | 2.21% | -6.63% | 7.17% | 8.71% | -9.48% | 39.54% | 6.39% | - |
| Return on Assets (ROA) | 0.59% | 0.66% | -0.38% | 0.97% | 1.64% | 1.61% | 1.35% | 0.98% | 0.95% | 0.59% | 0.97% | 1.24% | 1.2% | 0.96% | 0.83% | 0.61% | 0.53% | 0.59% | 0.29% | 0.59% | 0.85% | 1.05% | 1.11% | 0.93% |
| Accounts Payable | 0 | 0 | 0 | 0 | 12.56M | 5.32M | 4.55M | 3.33M | 2.6M | 2.67M | 1.93M | 2.99M | 1.84M | 2.68M | 1.02M | 808K | 0 | 0 | 0 | 0 | 0 | 1.57M | 0 | 0 |
| Total Debt | 5.95M | 5.95M | 5.93M | 5.92M | 46.91M | 54.39M | 59.38M | 51.46M | 56.8M | 15M | 68.9M | 55.8M | 35M | 48.5M | 40M | 13.75M | 12M | 20.12M | 55.42M | 85.2M | 62.92M | 15.38M | 32.2M | 25.86M |
| Net Debt | -109.5M | -59.58M | -45.47M | -51.87M | -30.66M | 13.69M | 28.55M | 13.16M | 35.11M | -53.81M | 44.42M | 39.47M | 12.45M | 30.39M | 17.04M | 5.46M | 7.46M | 17.19M | 51.77M | 79.42M | 52.31M | 11.55M | 32.2M | 25.86M |
| Long-Term Debt | 5.95M | 5.95M | 5.93M | 5.92M | 46.91M | 54.39M | 59.38M | 51.46M | 56.8M | 15M | 68.9M | 55.8M | 35M | 48.5M | 40M | 13.75M | 12M | 20.12M | 55.42M | 42.6M | 31.46M | 10.2M | 32.2M | 25.86M |
| Short-Term Debt | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 5.18M | 0 | 0 |
| Other Liabilities | 8.05M | 897.47M | 6.87M | 9.22M | 4.68M | 2.48M | 0 | 0 | -1.04M | -839K | -1.93M | -2.99M | -1.84M | -2.68M | 0 | 0 | 647K | 522K | 850K | -41.74M | -31.2M | -1.57M | 849K | 0 |
| Total Current Liabilities | 879.26M | 383K | 962.56M | 1.01B | 975.22M | 816.92M | 730.85M | 577.17M | 503.78M | 536.19M | 388.11M | 403.23M | 358.93M | 346.62M | 342.03M | 312.87M | 279.98M | 264.25M | 252.76M | 249.02M | 233.42M | 310.06M | 189.34M | 0 |
| Total Non-Current Liabilities | 14M | 903.41M | 12.81M | 15.14M | 51.58M | 56.87M | 59.38M | 51.46M | 56.8M | 15M | 66.97M | 52.81M | 33.16M | 45.82M | 40M | 13.75M | 12.65M | 20.64M | 56.27M | 43.46M | 31.72M | 8.63M | 33.05M | 25.86M |
| Total Liabilities | 893.26M | 903.41M | 975.37M | 1.02B | 1.03B | 873.8M | 790.23M | 628.63M | 560.58M | 551.19M | 455.08M | 456.04M | 392.1M | 392.44M | 382.03M | 326.62M | 292.62M | 284.89M | 309.03M | 292.48M | 265.14M | 318.7M | 222.39M | 209.11M |
| Total Equity | 102.66M | 101.17M | 91.72M | 97.68M | 88.55M | 84.28M | 75.63M | 67.34M | 61.52M | 59.68M | 58.62M | 57.33M | 67.58M | 61.63M | 62.87M | 61.01M | 55.31M | 55.51M | 55.55M | 47.72M | 47.81M | 27.04M | 25.39M | 23.78M |
| Equity Growth % | 17.21% | 10.3% | -6.1% | 10.31% | 5.06% | 11.44% | 12.3% | 9.47% | 3.09% | 1.8% | 2.26% | -15.17% | 9.65% | -1.97% | 3.05% | 10.31% | -0.35% | -0.08% | 16.41% | -0.2% | 76.8% | 6.53% | 6.74% | - |
| Equity / Assets (Capital Ratio) | 10.31% | 10.07% | 8.6% | 8.7% | 7.94% | 8.8% | 8.73% | 9.68% | 9.89% | 9.77% | 11.41% | 11.17% | 14.7% | 13.57% | 14.13% | 15.74% | 15.9% | 16.31% | 15.24% | 14.03% | 15.28% | 7.82% | 10.25% | 10.21% |
| Return on Equity (ROE) | 5.95% | 7.05% | -4.43% | 11.62% | 19.64% | 18.38% | 14.71% | 10.05% | 9.62% | 5.57% | 8.57% | 9.66% | 8.49% | 6.94% | 5.57% | 3.83% | 3.26% | 3.75% | 1.95% | 4.07% | 7.5% | 11.94% | 10.85% | 9.11% |
| Book Value per Share | 15.24 | 15.04 | 13.66 | 14.58 | 13.24 | 12.61 | 11.32 | 10.08 | 9.21 | 8.95 | 8.83 | 8.62 | 10.17 | 9.35 | 9.63 | 9.35 | 8.42 | 8.47 | 8.51 | 7.18 | 8.54 | 5.85 | 5.49 | 5.15 |
| Tangible BV per Share | 15.24 | 15.04 | 13.66 | 13.97 | 12.63 | 12.00 | 10.70 | 9.46 | 8.59 | 8.34 | 8.21 | 8.00 | 9.55 | 8.72 | 9.00 | 8.72 | 7.79 | 7.84 | 7.88 | 6.56 | 7.80 | 4.96 | 5.49 | 5.15 |
| Common Stock | 38.01M | 37.95M | 37.74M | 37.47M | 37.18M | 37.01M | 36.98M | 36.98M | 36.97M | 36.85M | 36.73M | 36.7M | 36.65M | 36.61M | 36.4M | 36.35M | 0 | 0 | 36.25M | 36.24M | 30M | 0 | 0 | 0 |
| Additional Paid-in Capital | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 36.97M | 36.85M | 36.73M | 36.7M | 36.65M | 36.61M | 36.4M | 36.35M | 36.31M | 36.27M | 0 | 0 | 0 | 17.4M | 0 | 0 |
| Retained Earnings | 71.34M | 69.67M | 62.87M | 68.96M | 61.39M | 47.64M | 37.51M | 29.91M | 26.34M | 23.43M | 22.78M | 20.12M | 16.56M | 13.32M | 11.25M | 10.03M | 10.16M | 10.62M | 10.75M | 11.46M | 11.26M | 9.91M | 0 | 0 |
| Accumulated OCI | -6.69M | -6.45M | -8.89M | -8.75M | -10.02M | -376K | 1.14M | 457K | -38.76M | -37.44M | -37.61M | -36.2M | -35.94M | -38.57M | -34.84M | -35.39M | 98K | 4K | 54K | 16K | -142K | -266.44K | 0 | 0 |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Preferred Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 13.67M | 13.67M | 13.67M | 13.67M | 8.12M | 7.99M | 7.87M | 0 | 0 | 0 | 0 | 0 |
Quick answers to the most common questions about buying SSBI stock.
As of 2025, Summit State Bank (SSBI) had total assets of $1.00B including $65.5M in current assets.
Summit State Bank (SSBI) carries total debt of $5.9M. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.
Summit State Bank (SSBI) has total shareholders' equity (book value) of $101.2M ($15.04 book value per share). Book value represents the net worth of the company belonging to common stock holders.
Summit State Bank (SSBI) reported a current ratio of 171.08x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.
Key Metrics
Top Statement Risk
Geographic and credit concentration
Asset Growth Stagnation Amidst Reallocation
As reported in recent financial statements, Summit State Bank's total assets have remained largely flat at approximately $1.0 billion since 2024Q1, suggesting that the institution is currently prioritizing balance sheet stability and capital preservation over aggressive loan book expansion in its core Sonoma County market.
The lack of meaningful asset growth indicates a strategic pivot toward maintaining a fortress-like balance sheet rather than pursuing market share. Investors should monitor whether this stagnation reflects a lack of high-quality lending opportunities or a deliberate defensive posture against regional economic volatility.
Excessive Capitalization Limits Return Potential
Based on the provided figures, the bank maintains a consistently high equity-to-assets ratio of approximately 0.10, which, while providing a substantial buffer against credit losses, may be suppressing return on equity by leaving significant capital underutilized in a low-growth environment.
The bank's ultra-conservative leverage profile suggests that management is prioritizing safety over capital efficiency. While this protects the institution from insolvency risks, it warrants further investigation into whether the bank can effectively deploy this excess capital to improve shareholder returns without compromising its risk appetite.
High Cash Position Signals Caution
According to quarterly data, the bank's cash and cash equivalents reached $115.5 million in 2026Q1, representing a significant increase from the $37.7 million reported in 2024Q1, which implies a heightened focus on maintaining liquidity in the face of potential regional economic headwinds.
This accumulation of liquid assets suggests that the bank is struggling to find productive, high-yielding loan deployments that meet its underwriting standards. The reliance on cash rather than interest-earning assets may be a drag on the net interest margin, necessitating a closer look at the bank's asset-liability management strategy.
Concentration Risk Masks Underlying Stability
As evidenced by the bank's historical performance, the extreme geographic concentration in Sonoma County remains the primary risk factor, as the institution's balance sheet is uniquely exposed to localized economic shocks that could rapidly impair collateral values and necessitate further credit loss provisioning.
While the bank's balance sheet appears robust on the surface, the lack of geographic diversification means that its credit quality is inextricably linked to the health of the North Bay real estate market. Investors should monitor whether the new Loan Production Offices in Arizona and Southern California can successfully mitigate this concentration risk over the long term.