1ST SUMMIT BANCORP of Johnstown, Inc. (FSMK)
Serving as the parent organization for 1ST SUMMIT BANK, 1ST SUMMIT BANCORP of Johnstown, Inc. delivers a comprehensive suite of financial solutions. The bank facilitates various deposit accounts, including checking, savings, money market, and individual retirement accounts (IRAs), alongside both interest-bearing and noninterest-bearing demand and time deposits, and certificates of deposit. Its lending portfolio spans residential property, commercial real estate, general commercial, and consumer financing. Additionally, the institution provides wealth management, investment advisory, and trust administration services, issues credit and debit cards, and offers life insurance policies. With its headquarters in Johnstown, Pennsylvania, the company operates a network of 17 branch locations, extending its reach across Cambria, Somerset, Indiana, Blair, and Westmoreland counties within Pennsylvania. Founded in 1924, the corporation previously operated as SUMMIT Bancorp, Inc. until its renaming to 1ST SUMMIT BANCORP of Johnstown, Inc. in 1996.
Sector: Banks - Regional
Industry: Banks - Regional
1ST SUMMIT BANCORP of Johnstown, Inc.
OTC:FSMKFinancial Services · Banks - Regional
-0.58%$42.95
Mkt Cap$90.98M
Float1.81M
O/S2.12M
Inst Own-
SI<0.1%
Div Yield4.00%
Dilution
Delisting Issues Timeline
Financials Summary
Revenue$69.85M
Net Income$5.34M
Total Assets$1.52B
Free Cash Flow$1.16M
Debt & Equity
Debt 64%
Equity 36%
Total Debt$192.1M
Total Equity$108.69M
Shares Outstanding
Short Interest
Split History1 split
- 2:1Forward splitApr 20, 20221 share → 2
Balance Sheet Details
Assets$1.52B
Liabilities$1.41B
Accounts Receivable$5.32M
Accounts Payable$4.38M
Inventory$0
PP&E (Net)$26.45M
Goodwill$339K
Intangible Assets$0
Income Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 | FY 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 | 2015-12-31 | 2014-12-31 | 2013-12-31 |
| Revenue | $69.85M | $66.66M | $58.21M | $57.04M | $48.21M | $46.42M | $49.36M | $45.04M | $34.75M | $32.71M | $32.23M | $30.39M | $28.61M |
| YoY Growth | 4.8% | 14.5% | 2.0% | 18.3% | 3.8% | -6.0% | 9.6% | 29.6% | 6.2% | 1.5% | 6.1% | 6.2% | - |
| Cost of Revenue | $31.29M | $32.35M | $25.16M | $8.53M | $8.61M | $12.88M | $13.94M | $0 | $0 | $0 | $0 | $0 | $0 |
| Gross Profit | $38.56M | $34.31M | $33.05M | $48.52M | $39.6M | $33.54M | $35.42M | $45.04M | $34.75M | $32.71M | $32.23M | $30.39M | $28.61M |
| Gross Margin | 55.2% | 51.5% | 56.8% | 85.1% | 82.1% | 72.3% | 71.8% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% |
| Research and Development | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Selling, General, and Administrative | $1.5M | $1.66M | $961K | $20.31M | $15.64M | $14.39M | $13.16M | $16.32M | $15.75M | $14.71M | $13.86M | $13.36M | $12.54M |
| Other | $31.52M | $30.01M | $30.31M | $9M | $11.08M | $10.17M | $9.51M | -$5.19M | $0 | $0 | $0 | $0 | $0 |
| Total Operating Expenses | $33.01M | $31.67M | $31.27M | $29.32M | $26.72M | $24.56M | $22.67M | $5.19M | $20.88M | $19.6M | $19.31M | $17.96M | $16.88M |
| Operating Income (EBIT) | $5.55M | $2.64M | $1.78M | $19.2M | $12.88M | $8.98M | $12.75M | $12.77M | $14.42M | $13.74M | $14.13M | $13.1M | $12.15M |
| Operating Margin | 7.9% | 4.0% | 3.1% | 33.7% | 26.7% | 19.3% | 25.8% | 28.3% | 41.5% | 42.0% | 43.8% | 43.1% | 42.5% |
| Interest Expense | $31.29M | $32.35M | $25.16M | $8.16M | $6.86M | $11.07M | $13.32M | $1.25M | $0 | $0 | $0 | $0 | $0 |
| Interest Income | $61.46M | $54.65M | $50.54M | $45.04M | $40.64M | $41.92M | $42.75M | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Income (Expense) | $0 | $0 | $0 | -$6.11M | $0 | $0 | $0 | -$545K | -$557K | -$4.89M | -$1.21M | -$671K | -$426K |
| Income Before Tax (EBT) | $5.55M | $2.64M | $1.78M | $13.09M | $12.88M | $8.98M | $12.75M | $12.22M | $13.87M | $13.11M | $12.92M | $12.43M | $11.73M |
| Income Tax Expense | $213K | -$552K | -$867K | $1.57M | $1.57M | $752K | $1.54M | $1.47M | $3.98M | $2.97M | $3.01M | $2.86M | $2.67M |
| Net Income | $5.34M | $3.19M | $2.65M | $11.51M | $11.3M | $8.23M | $11.21M | $10.75M | $9.89M | $10.14M | $9.91M | $9.57M | $9.06M |
| Net Income Margin | 7.6% | 4.8% | 4.5% | 20.2% | 23.4% | 17.7% | 22.7% | 23.9% | 28.5% | 31.0% | 30.8% | 31.5% | 31.7% |
| Supplementary Data | |||||||||||||
| EPS | 2.52 | 1.46 | 1.21 | 5.26 | 5.16 | 3.75 | 5.11 | 4.90 | 4.50 | 4.61 | 4.51 | 4.36 | 4.13 |
| Diluted EPS | 2.52 | 1.46 | 1.21 | 5.26 | 5.16 | 3.75 | 5.11 | 4.90 | 4.50 | 4.61 | 4.51 | 4.36 | 4.12 |
| Weighted Average OS | 2.12M | 2.18M | 2.19M | 2.19M | 2.19M | 2.20M | 2.20M | 2.20M | 2.20M | 2.20M | 2.20M | 2.20M | 2.20M |
| EBITDA | $6.89M | $4.01M | $4.08M | $22.64M | $17.29M | $12.37M | $15.63M | $14.63M | $36.06M | $39M | $35.4M | $32.75M | $31.6M |
| EBITDA Margin | 9.9% | 6.0% | 7.0% | 39.7% | 35.9% | 26.6% | 31.7% | 32.5% | 103.8% | 119.2% | 109.8% | 107.8% | 110.5% |
Balance Sheet
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 | FY 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 | 2015-12-31 | 2014-12-31 | 2013-12-31 |
| Assets | |||||||||||||
| Current Assets | |||||||||||||
| Cash and Cash Equivalents | $14.62M | $17.98M | $13.35M | $10.69M | $14.55M | $12.21M | $8.91M | $10.91M | $6.87M | $19.69M | $8.09M | $8.07M | $8.47M |
| Short-Term Investments | $0 | $0 | $0 | $300.48M | $336.05M | $316.7M | $280.09M | $0 | $0 | $0 | $0 | $0 | $0 |
| Cash and Short-Term Investments | $14.62M | $17.98M | $13.35M | $311.16M | $350.6M | $328.92M | $289M | $10.91M | $6.87M | $19.69M | $8.09M | $8.07M | $8.47M |
| Accounts Receivable | $5.32M | $5.13M | $5M | $4.81M | $4.57M | $5.05M | $3.67M | $0 | $0 | $0 | $0 | $0 | $0 |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Current Assets | $0 | $0 | -$5M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Current Assets | $19.94M | $23.1M | $13.35M | $315.97M | $355.17M | $333.97M | $292.67M | $15.98M | $6.87M | $19.69M | $8.09M | $8.07M | $8.47M |
| Long-Term Assets | |||||||||||||
| Property, Plant & Equipment Net | $26.45M | $21.12M | $17.81M | $15.7M | $15.57M | $16.15M | $14.76M | $9.52M | $9.67M | $9.89M | $8.8M | $8.65M | $8.72M |
| Goodwill | $339K | $339K | $339K | $389K | $389K | $389K | $389K | $389K | $389K | $389K | $389K | $389K | $389K |
| Intangible Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Investments | $874.48M | $775.61M | $4.4M | $986.02M | $926.92M | $884.88M | $789.91M | $1.9M | $0 | $0 | $0 | $0 | $0 |
| Deferred Tax Assets | $7.39M | $10.89M | $5.46M | $0 | $0 | $0 | $0 | $1.02B | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Assets | $588.61M | $584.11M | $1.32B | $43.7M | $26.18M | $22.05M | $22.97M | $22M | $1.02B | $966.94M | $931.35M | $893.48M | $848.14M |
| Total Long-Term Assets | $1.5B | $1.39B | $1.35B | $1.05B | $969.05M | $923.47M | $828.02M | $1.06B | $1.03B | $977.23M | $940.54M | $902.52M | $857.26M |
| Other Assets | $0 | $0 | $5.46M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Assets | $1.52B | $1.42B | $1.37B | $1.36B | $1.32B | $1.26B | $1.12B | $1.07B | $1.04B | $996.92M | $948.64M | $910.58M | $865.72M |
| Liabilities | |||||||||||||
| Current Liabilities | |||||||||||||
| Accounts Payable | $4.38M | $4.53M | $3.3M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Short-Term Debt | $17.06M | $0 | $66.09M | $61.89M | $15.4M | $0 | $13.13M | $0 | $0 | $0 | $0 | $0 | $0 |
| Current Income Tax Payable | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Current Unearned Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Current Liabilities | -$4.38M | $1.2B | $622.29M | $1.16B | $1.14B | $1.09B | $948.99M | $182.45M | $0 | $0 | $0 | $0 | $0 |
| Total Current Liabilities | $17.06M | $1.21B | $701.59M | $1.22B | $1.15B | $1.09B | $962.12M | $188.67M | $5.99M | $1.23M | $1.2M | $1.21M | $1.3M |
| Long-Term Liabilities | |||||||||||||
| Long-Term Debt | $166.19M | $105.61M | $6.19M | $28.43M | $31.59M | $33.8M | $33.1M | $28.42M | $29.64M | $35.39M | $33.12M | $27.78M | $26.53M |
| Long-Term Unearned Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Deferred Tax Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Liabilities | $1.22B | $6.95M | $1.26B | $6.84M | $7.28M | $7.88M | $7.03M | $946.26M | $910.28M | $871.96M | $830.85M | $803.51M | $773.42M |
| Total Long-Term Liabilities | $1.39B | $112.56M | $1.27B | $37.87M | $41.9M | $45.33M | $43.2M | $786M | $939.93M | $907.36M | $863.97M | $831.29M | $799.96M |
| Other Liabilities | $0 | $0 | -$701.59M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities | $1.41B | $1.32B | $1.27B | $1.26B | $1.2B | $1.13B | $1.01B | $974.68M | $945.92M | $908.59M | $865.17M | $832.5M | $801.26M |
| Stockholders' Equity | |||||||||||||
| Preferred Stock | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Common Stock | $11.01M | $11.02M | $11.02M | $11.02M | $5.51M | $5.51M | $5.51M | $5.51M | $5.51M | $5.51M | $5.51M | $5.51M | $5.51M |
| Retained Earnings | $114.91M | $113.22M | $113.78M | $116.13M | $113.86M | $106.19M | $101.5M | $93.64M | $85.37M | $78.37M | $70.86M | $63.4M | $55.99M |
| Comprehensive Income & Other | -$19.17M | $0 | -$28.33M | -$30.91M | $4.82M | $8.24M | $2.99M | -$5.93M | -$1.15M | -$1.02M | $1.65M | $3.84M | -$2.44M |
| Other Stockholders' Equity | -$17.23M | -$30.28M | -$23.31M | -$25.86M | $9.77M | $13.6M | $8.37M | -$553K | $4.21M | $4.45M | $7.1M | $9.18M | $2.97M |
| Total Equity | $108.69M | $93.96M | $101.49M | $101.28M | $129.14M | $125.3M | $115.37M | $98.6M | $95.09M | $88.33M | $83.47M | $78.09M | $64.47M |
| Minority Interest | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities and Equity | $1.52B | $1.42B | $1.37B | $1.36B | $1.32B | $1.26B | $1.12B | $1.07B | $1.04B | $996.92M | $948.64M | $910.58M | $865.72M |
| Supplementary Data | |||||||||||||
| Total Debt | $192.1M | $105.61M | $74.77M | $92.92M | $50.02M | $37.45M | $49.3M | $38.42M | $29.64M | $35.39M | $33.12M | $27.78M | $26.53M |
| Net Debt | $177.49M | $87.64M | $61.42M | $82.23M | $35.47M | $25.23M | $40.39M | $27.51M | $22.77M | $15.7M | $25.03M | $19.71M | $18.07M |
Cash Flow Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 | FY 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 | 2015-12-31 | 2014-12-31 | 2013-12-31 |
| Operating Activities | |||||||||||||
| Net Income | $5.34M | $3.19M | $2.65M | $11.51M | $11.3M | $8.23M | $11.21M | $10.75M | $9.89M | $10.14M | $9.91M | $9.57M | $9.06M |
| Depreciation & Amortization | $1.34M | $1.37M | $2.3M | $3.44M | $4.41M | $3.39M | $2.88M | $2.42M | $2.64M | $3M | $2.9M | $2.61M | $3.39M |
| Deferred Income Tax | $0 | $0 | $0 | $345K | $238K | $0 | $278K | $0 | $0 | $0 | $0 | $0 | $0 |
| Stock-Based Compensation | $0 | $0 | $50K | $20K | $202K | $169K | $166K | $80K | $90K | $181K | $125K | $0 | $0 |
| Changes in Working Capital: | |||||||||||||
| Accounts Receivable | -$157K | -$131K | -$188K | -$237K | $484K | -$1.39M | -$93K | -$62K | -$459K | -$104K | -$56K | $66K | -$151K |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Accounts Payable | $0 | $0 | $0 | $280K | -$540K | $0 | $230K | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Working Capital | -$150K | $1.23M | $2.15M | $0 | $0 | -$401K | $0 | $314K | $41K | $27K | -$3K | -$95K | -$157K |
| Total Working Capital Change | -$307K | $1.1M | $1.96M | $43K | -$56K | -$1.79M | $137K | $167K | -$419K | -$77K | -$59K | -$30K | -$308K |
| Other Non-Cash Items | $2.12M | -$3.48M | -$325K | -$873K | -$1.48M | $2.03M | -$1.22M | $5.31M | -$544K | $395K | -$1.03M | $380K | $1.44M |
| Net Cash from Operating | $8.5M | $2.18M | $6.63M | $14.49M | $14.63M | $12.03M | $13.45M | $13.81M | $11.66M | $13.63M | $11.85M | $12.53M | $13.58M |
| Investing Activities | |||||||||||||
| Capital Expenditures | -$7.34M | -$720K | -$2.85M | -$1.81M | -$1.18M | -$1.9M | -$3.13M | -$819K | -$656K | -$1.93M | -$953K | -$761K | -$1.17M |
| Acquisitions | $0 | $0 | $0 | $0 | -$10.65M | -$74.35M | -$35.51M | $0 | $0 | $0 | $0 | $0 | $0 |
| Purchases of Investments | -$75.19M | -$90.61M | -$10.78M | -$131.84M | -$208.32M | -$199.03M | -$75.52M | -$54.38M | $0 | $0 | $0 | $0 | $0 |
| Sales of Investments | $93.22M | $71.75M | $37.08M | $60.17M | $150.55M | $144.16M | $75.16M | $49.77M | $0 | $0 | $0 | $0 | $0 |
| Other Investing Activities | -$104.87M | -$15.01M | -$29.59M | -$7.52M | -$2.79M | $1.26M | -$261K | -$35.07M | -$57.79M | -$40.24M | -$40.22M | -$40.99M | -$66.43M |
| Net Cash from Investing | -$94.19M | -$34.59M | -$6.13M | -$81.01M | -$72.4M | -$129.87M | -$39.27M | -$35.77M | -$58.45M | -$42.17M | -$41.17M | -$41.75M | -$67.6M |
| Financing Activities | |||||||||||||
| Debt Repaid | -$100M | -$54M | $16.25M | $3.15M | $2.22M | -$7K | -$4.09M | $1.22M | $5.75M | -$2.27M | -$5.34M | -$1.24M | $1.69M |
| Common Stock Issuance | $0 | $0 | $0 | $123K | $0 | $64K | $126K | $46K | $0 | $0 | $0 | $0 | $0 |
| Common Stock Repurchases | -$615K | -$2.47M | -$38K | -$7K | -$411K | -$85K | -$125K | -$40K | -$224K | -$132K | -$88K | -$231K | -$242K |
| Dividends Paid | -$3.65M | -$3.75M | -$3.77M | -$3.75M | -$3.63M | -$3.54M | -$3.36M | -$3.16M | -$2.89M | -$2.63M | -$2.45M | -$2.16M | -$1.99M |
| Other Financing Activities | -$462K | $18.56M | $24.82M | $23.07M | $50.97M | $137.89M | $19.08M | $29.8M | $43.34M | $41.06M | $26.77M | $30.05M | $46.93M |
| Net Cash from Financing | $82.33M | $37.04M | $2.17M | $62.66M | $60.11M | $121.14M | $22.82M | $25.37M | $34.47M | $40.57M | $29.57M | $28.9M | $43.01M |
| Forex Effect | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Net Change in Cash | -$3.36M | $4.63M | $2.66M | -$3.86M | $2.33M | $3.3M | -$3M | $3.41M | -$12.32M | $12.04M | $244K | -$315K | -$11.01M |
| Supplementary Data | |||||||||||||
| Operating Cash Flow | $8.5M | $2.18M | $6.63M | $14.49M | $14.63M | $12.03M | $13.45M | $13.81M | $11.66M | $13.63M | $11.85M | $12.53M | $13.58M |
| Capital Expenditure | -$7.34M | -$720K | -$2.85M | -$1.81M | -$1.18M | -$1.9M | -$3.13M | -$819K | -$656K | -$1.93M | -$953K | -$761K | -$1.17M |
| Free Cash Flow | $1.16M | $1.46M | $3.78M | $12.67M | $13.44M | $10.12M | $10.32M | $12.99M | $11M | $11.7M | $10.89M | $11.77M | $12.41M |
| Cash at Beginning | $17.98M | $13.35M | $10.69M | $14.55M | $12.21M | $8.91M | $11.91M | $8.5M | $20.82M | $8.78M | $8.54M | $8.86M | $19.86M |
| Cash at End | $14.62M | $17.98M | $13.35M | $10.69M | $14.55M | $12.21M | $8.91M | $11.91M | $8.5M | $20.82M | $8.78M | $8.54M | $8.86M |