Summit State Bank Reports Third Quarter 2026 Financial Results
Summit State Bank posted a Q3 2026 net loss of $1.098 million, or $0.16 per diluted share, versus net income of $818,000 ($0.12 EPS) a year earlier. The loss was driven by a $5.69 million provision for credit losses tied to a review of higher-risk credits, though pre-tax pre-provision income of $4.03 million was up slightly YoY on a 36bp NIM expansion to 3.87%.
Key figures
- Total assets
- 937445000
- Total deposits
- 826610000
- Total liquidity
- 427221000
- Gross charge offs
- 507000
- Allowance to loans
- 2.36%
- Net interest margin
- 3.87%
- Shareholders equity
- 98830000
- Book value per share
- 14.6
- Nonperforming assets
- 20676000
- Tier1 leverage ratio
- 11.03%
- Prior year net income
- 818000
- Provision for credit losses
- 5688000
- Net loans held for investment
- 745351000
- Pretax pretax provision income
- 4031000
AI analysis
Red flags4 · Pro
The rest of the AI analysis, red flags and sentiment are part of Signal8 Pro.
AI-generated analysis of a public disclosure. Not investment advice; verify against the original document.