NASDAQ : SSBI
Summit State Bank — Financial statements
Financials · Banks - Regional · United States
Last price 11.43 USD (Oct 30, 2026, 4:00 PM EST) · Market cap 77.13M
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Financial statements
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Interest Income on Loans | 50.25M | 53.75M | 53.57M | 52.56M | 46.12M | 40.19M |
| Interest Income on Investments | 5.64M | 4.68M | 5.19M | 7.68M | 2.83M | 1.78M |
| Total Interest Income | 55.89M | 58.43M | 58.76M | 60.24M | 48.96M | 41.97M |
| Interest Paid on Deposits | 18.95M | 22.73M | 28.50M | 24.23M | 4.94M | 3.21M |
| Interest Paid on Borrowings | 627.00K | 749.00K | 791.00K | 552.00K | 1.59M | 1.16M |
| Total Interest Expense | 19.58M | 23.48M | 29.29M | 24.78M | 6.53M | 4.37M |
| Net Interest Income | 36.31M | 34.95M | 29.48M | 35.46M | 42.43M | 37.61M |
| Gain (Loss) on Sale of Investments | -2.00K | -14.00K | 6.00K | 4.00K | 65.00K | |
| Other Non-Interest Income | -1.10M | -1.29M | 413.00K | 1.85M | 793.00K | 635.00K |
| Total Non-Interest Income | 1.25M | 392.00K | 3.46M | 5.20M | 7.50M | 4.90M |
| Revenues Before Loan Losses | 37.56M | 35.34M | 32.94M | 40.66M | 49.92M | 42.51M |
| Provision for Loan Losses | 13.12M | 2.53M | 7.92M | 332.00K | 2.54M | 1.29M |
| Revenue | 24.45M | 32.81M | 25.02M | 40.33M | 47.38M | 41.21M |
| Salaries and Employee Benefits | 14.16M | 13.82M | 16.05M | 15.38M | 14.04M | 12.26M |
| Occupancy Expenses | 1.00M | 1.22M | 1.29M | 1.24M | 1.29M | 1.24M |
| Selling, General & Administrative | 2.32M | 2.32M | 1.03M | 1.77M | 2.53M | 1.82M |
| Other Non-Interest Expense | 6.94M | 6.48M | 6.92M | 6.66M | 5.66M | 5.02M |
| Total Non-Interest Expense | 24.43M | 23.84M | 25.29M | 25.05M | 23.51M | 20.33M |
| EBT Excluding Unusual Items | 18.00K | 8.96M | -269.00K | 15.28M | 23.87M | 20.88M |
| Pretax Income | 18.00K | 8.96M | -4.39M | 15.28M | 23.87M | 20.88M |
| Income Tax Expense | -318.00K | 2.17M | -195.00K | 4.46M | 6.90M | 6.18M |
| Net Income | 336.00K | 6.80M | -4.19M | 10.82M | 16.97M | 14.70M |
| Net Income to Common | 336.00K | 6.80M | -4.19M | 10.82M | 16.97M | 14.70M |
| Basic Shares Outstanding | 6.74M | 6.73M | 6.71M | 6.70M | 6.69M | 6.68M |
| Diluted Shares Outstanding | 6.74M | 6.73M | 6.71M | 6.70M | 6.69M | 6.68M |
| EPS (Basic) | 0.05 | 1.01 | -0.62 | 1.62 | 2.54 | 2.20 |
| EPS (Diluted) | 0.05 | 1.01 | -0.62 | 1.62 | 2.54 | 2.20 |
| Dividend Per Share | 0.28 | 0.48 | 0.48 | 0.48 | ||
| Effective Tax Rate | 24.18% | 29.18% | 28.92% | 29.61% |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 91.34M | 65.52M | 51.40M | 57.79M | 77.57M | 40.70M |
| Investment Securities | 64.92M | 66.00M | 68.65M | 85.07M | 84.41M | 62.37M |
| Mortgage-Backed Securities | 6.85M | 6.99M | 7.88M | 8.26M | 10.50M | |
| Total Investments | 64.92M | 72.85M | 75.64M | 92.95M | 92.67M | 72.87M |
| Gross Loans | 763.35M | 848.29M | 921.34M | 956.25M | 931.01M | 833.32M |
| Allowance for Loan Losses | -18.00M | -14.49M | -13.69M | -15.22M | -14.84M | -12.33M |
| Other Adjustments to Gross Loans | -2.01M | -2.57M | -2.40M | -2.47M | ||
| Net Loans | 745.35M | 831.79M | 905.08M | 938.63M | 913.71M | 820.99M |
| Property, Plant & Equipment | 4.86M | 6.29M | 6.39M | 6.24M | 6.82M | 6.86M |
| Goodwill | 4.12M | 4.12M | 4.12M | |||
| Accrued Interest Receivable | 22.79M | 3.34M | 3.48M | 3.70M | 3.69M | 2.79M |
| Long-Term Deferred Tax Assets | 5.11M | 3.62M | 3.12M | 2.30M | 2.61M | |
| Other Real Estate Owned & Foreclosed | 2.29M | 2.29M | 4.44M | |||
| Other Long-Term Assets | 11.49M | 11.15M | 10.43M | 9.74M | 2.83M | |
| Total Assets | 937.45M | 1.00B | 1.07B | 1.12B | 1.12B | 958.08M |
| Interest Bearing Deposits | 580.05M | 566.93M | 635.37M | 681.47M | 498.08M | 469.20M |
| Institutional Deposits | 55.23M | 141.46M | 141.43M | 126.32M | 212.54M | 107.58M |
| Non-Interest Bearing Deposits | 191.33M | 182.72M | 185.76M | 201.91M | 252.03M | 234.82M |
| Total Deposits | 826.61M | 891.11M | 962.56M | 1.01B | 962.65M | 811.60M |
| Current Portion of Leases | 383.00K | |||||
| Accrued Interest Payable | 5.59M | 300.00K | 1.67M | 619.00K | 11.14M | 4.09M |
| Long-Term Debt | 5.96M | 5.95M | 5.93M | 5.92M | 5.91M | 5.89M |
| Federal Home Loan Bank Debt, Long-Term | 41.00M | 48.50M | ||||
| Long-Term Leases | 1.14M | 1.29M | 994.00K | 1.42M | 1.23M | |
| Other Long-Term Liabilities | 458.00K | 4.54M | 3.91M | 7.60M | 4.68M | 2.48M |
| Total Liabilities | 838.62M | 903.41M | 975.37M | 1.02B | 1.03B | 873.80M |
| Common Stock | 38.09M | 37.95M | 37.74M | 37.47M | 37.18M | 37.01M |
| Retained Earnings | 68.94M | 69.67M | 62.87M | 68.96M | 61.39M | 47.64M |
| Comprehensive Income & Other | -8.20M | -6.45M | -8.89M | -8.75M | -10.02M | -376.00K |
| Shareholders' Equity | 98.83M | 101.17M | 91.72M | 97.68M | 88.55M | 84.28M |
| Total Liabilities & Equity | 937.45M | 1.00B | 1.07B | 1.12B | 1.12B | 958.08M |
| Total Debt | 5.96M | 7.47M | 7.22M | 6.91M | 48.33M | 55.62M |
| Net Cash (Debt) | 85.38M | 58.06M | 44.18M | 50.88M | 29.24M | -14.92M |
| Net Cash Per Share | 12.67 | 8.63 | 6.58 | 7.60 | 4.37 | -2.23 |
| Filing Date Shares Outstanding | 6.75M | 6.73M | 6.72M | 6.70M | 6.69M | 6.68M |
| Total Common Shares Outstanding | 6.75M | 6.73M | 6.72M | 6.70M | 6.69M | 6.68M |
| Book Value Per Share | 14.65 | 15.02 | 13.65 | 14.58 | 13.24 | 12.61 |
| Tangible Book Value | 98.83M | 101.17M | 91.72M | 93.56M | 84.43M | 80.16M |
| Tangible Book Value Per Share | 14.65 | 15.02 | 13.65 | 13.97 | 12.62 | 11.99 |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 6.80M | -4.19M | 10.82M | 16.97M | 14.70M | |
| Depreciation & Amortization | 380.00K | 392.00K | 385.00K | 391.00K | 408.00K | |
| Other Amortization | 14.00K | 15.00K | 15.00K | 14.00K | 15.00K | |
| Gain (Loss) on Sale of Investments | 860.00K | 937.00K | 519.00K | 106.00K | 171.00K | |
| Total Asset Writedown | 4.12M | |||||
| Provision for Credit Losses | 2.58M | 7.88M | 342.00K | 2.86M | 1.29M | |
| Accrued Interest Receivable | -3.05M | -1.27M | -1.61M | -3.62M | -506.00K | |
| Other Operating Activities | 53.00K | -1.37M | -3.29M | -4.71M | -6.03M | |
| Operating Cash Flow | 6.59M | 5.85M | -2.38M | 13.72M | 7.47M | |
| Capital Expenditures | -47.00K | -231.00K | -240.00K | -175.00K | -91.00K | |
| Investment in Securities | 5.50M | 16.18M | 998.00K | -28.22M | -3.73M | |
| Net Decrease (Increase) in Loans Originated / Sold - Investing | 73.58M | 24.77M | -19.56M | -84.86M | -69.22M | |
| Other Investing Activities | -53.00K | -3.93M | -1.39M | -3.92M | -1.91M | |
| Investing Cash Flow | 78.98M | 36.79M | -20.18M | -117.18M | -74.95M | |
| Short-Term Debt Issued | 1.16B | 1.57B | ||||
| Total Debt Issued | 1.16B | 1.57B | ||||
| Short-Term Debt Repaid | -1.16B | -1.57B | ||||
| Long-Term Debt Repaid | -41.00M | -7.50M | -5.00M | |||
| Total Debt Repaid | -1.16B | -1.57B | -41.00M | -7.50M | -5.00M | |
| Net Debt Issued (Repaid) | -41.00M | -7.50M | -5.00M | |||
| Issuance of Common Stock | 33.00K | |||||
| Common Dividends Paid | -1.90M | -3.25M | -3.23M | -2.99M | ||
| Total Dividends Paid | -1.90M | -3.25M | -3.23M | -2.99M | ||
| Net Increase (Decrease) in Deposit Accounts | -71.45M | -47.13M | 47.04M | 151.06M | 85.31M | |
| Financing Cash Flow | -71.45M | -49.03M | 2.79M | 140.33M | 77.35M | |
| Net Cash Flow | 14.12M | -6.39M | -19.78M | 36.87M | 9.87M | |
| Free Cash Flow | 6.55M | 5.62M | -2.62M | 13.54M | 7.38M | |
| Free Cash Flow Margin | 19.96% | 22.46% | -6.50% | 28.58% | 17.91% | |
| Free Cash Flow Per Share | 0.97 | 0.84 | -0.39 | 2.02 | 1.10 | |
| Cash Interest Paid | 24.84M | 28.22M | 24.35M | 6.44M | 4.59M | |
| Cash Income Tax Paid | 360.00K | 429.00K | 6.46M | 5.65M | 5.69M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 77.06M | 78.32M | 51.40M | 82.38M | 105.67M | 103.56M |
| Last Close Price | 11.42 | 11.63 | 7.65 | 11.94 | 14.85 | 14.12 |
| PE Ratio | 228.99 | 11.52 | 7.61 | 6.23 | 7.05 | |
| PS Ratio | 3.15 | 2.39 | 2.05 | 2.04 | 2.23 | 2.51 |
| PB Ratio | 0.78 | 0.77 | 0.56 | 0.84 | 1.19 | 1.23 |
| P/FCF Ratio | 4.34 | 11.96 | 9.15 | 7.80 | 14.03 | |
| P/OCF Ratio | 4.29 | 11.88 | 8.79 | 7.70 | 13.86 | |
| Debt / Equity Ratio | 0.06 | 0.07 | 0.08 | 0.07 | 0.55 | 0.66 |
| Debt / FCF Ratio | 1.14 | 1.28 | 3.57 | 7.53 | ||
| Net Debt / Equity Ratio | -0.86 | -0.57 | -0.48 | -0.52 | -0.33 | 0.18 |
| Net Debt / FCF Ratio | -8.87 | -7.86 | 19.42 | -2.16 | 2.02 | |
| Return on Equity (ROE) | 0.34% | 7.05% | -4.43% | 11.62% | 19.64% | 18.38% |
| Return on Assets (ROA) | 0.03% | 0.66% | -0.38% | 0.97% | 1.64% | 1.61% |
| Earnings Yield | 0.44% | 8.68% | -8.16% | 13.14% | 16.06% | 14.19% |
| FCF Yield | 23.03% | 8.36% | 10.93% | -3.18% | 12.82% | 7.13% |
| Dividend Yield | 3.66% | 3.90% | 3.04% | 3.10% | ||
| Payout Ratio | 30.04% | 19.01% | 20.34% | |||
| Buyback Yield / Dilution | -0.16% | -0.25% | -0.23% | -0.16% | -0.07% | -0.03% |
| Total Shareholder Return | -0.16% | -0.25% | 3.43% | 3.74% | 2.96% | 3.07% |