Summit State Bank (SSBI) - Net Assets
Based on the latest financial reports, Summit State Bank (SSBI) has net assets worth $101.17 Million USD as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($1.00 Billion) and total liabilities ($903.41 Million). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check how resilient are Summit State Bank's assets to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $101.17 Million |
| % of Total Assets | 10.07% |
| Annual Growth Rate | 6.79% |
| 5-Year Change | 20.04% |
| 10-Year Change | 72.58% |
| Growth Volatility | 16.19 |
Summit State Bank - Net Assets Trend (2002–2025)
This chart illustrates how Summit State Bank's net assets have evolved over time, based on quarterly financial data. Also explore SSBI total asset value for the complete picture of this company's asset base.
Annual Net Assets for Summit State Bank (2002–2025)
The table below shows the annual net assets of Summit State Bank from 2002 to 2025. For live valuation and market cap data, see SSBI market cap.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | $101.17 Million | +10.30% |
| 2024-12-31 | $91.72 Million | -6.10% |
| 2023-12-31 | $97.68 Million | +10.31% |
| 2022-12-31 | $88.55 Million | +5.06% |
| 2021-12-31 | $84.28 Million | +11.44% |
| 2020-12-31 | $75.63 Million | +12.30% |
| 2019-12-31 | $67.34 Million | +9.47% |
| 2018-12-31 | $61.52 Million | +3.09% |
| 2017-12-31 | $59.68 Million | +1.80% |
| 2016-12-31 | $58.62 Million | +2.26% |
| 2015-12-31 | $57.33 Million | -15.17% |
| 2014-12-31 | $67.58 Million | +9.65% |
| 2013-12-31 | $61.63 Million | -1.97% |
| 2012-12-31 | $62.87 Million | +3.05% |
| 2011-12-31 | $61.01 Million | +10.31% |
| 2010-12-31 | $55.31 Million | -0.35% |
| 2009-12-31 | $55.51 Million | -0.08% |
| 2008-12-31 | $55.55 Million | +16.41% |
| 2007-12-31 | $47.72 Million | -0.20% |
| 2006-12-31 | $47.81 Million | +76.80% |
| 2005-12-31 | $27.04 Million | +6.53% |
| 2004-12-31 | $25.39 Million | +6.74% |
| 2003-12-31 | $23.78 Million | +6.54% |
| 2002-12-31 | $22.32 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Summit State Bank's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 0.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $101.17 Million | 100.00% |
| Total Equity | $101.17 Million | 100.00% |
Summit State Bank Competitors by Market Cap
The table below lists competitors of Summit State Bank ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Apontis Pharma AG
XETRA:APPH
|
$91.63 Million |
|
Lakeshore Acquisition III Corp. Ordinary Shares
NASDAQ:LCCC
|
$91.63 Million |
|
Aniplus Inc
KQ:310200
|
$91.63 Million |
|
Rani Therapeutics Holdings Inc
NASDAQ:RANI
|
$91.70 Million |
|
Manoj Vaibhav Gems 'N' Jewellers Limited
NSE:MVGJL
|
$91.62 Million |
|
Krystal Integrated Services Ltd
NSE:KRYSTAL
|
$91.60 Million |
|
Oneview Healthcare Plc
AU:ONE
|
$91.60 Million |
|
Aspire Mining Ltd
AU:AKM
|
$91.59 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Summit State Bank's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 91,723,000 to 101,171,000, a change of 9,448,000 (10.3%).
- Net income of 6,796,000 contributed positively to equity growth.
- Other comprehensive income increased equity by 8,886,000.
- Other factors decreased equity by 6,234,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $6.80 Million | +6.72% |
| Other Comprehensive Income | $8.89 Million | +8.78% |
| Other Changes | $-6.23 Million | -6.16% |
| Total Change | $- | 10.30% |
Book Value vs Market Value Analysis
This analysis compares Summit State Bank's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 0.90x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has decreased from 2.80x to 0.90x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2002-12-31 | $4.83 | $13.53 | x |
| 2003-12-31 | $5.15 | $13.53 | x |
| 2004-12-31 | $5.49 | $13.53 | x |
| 2005-12-31 | $5.85 | $13.53 | x |
| 2006-12-31 | $8.54 | $13.53 | x |
| 2007-12-31 | $7.18 | $13.53 | x |
| 2008-12-31 | $8.51 | $13.53 | x |
| 2009-12-31 | $8.47 | $13.53 | x |
| 2010-12-31 | $8.42 | $13.53 | x |
| 2011-12-31 | $9.35 | $13.53 | x |
| 2012-12-31 | $9.63 | $13.53 | x |
| 2013-12-31 | $9.35 | $13.53 | x |
| 2014-12-31 | $10.17 | $13.53 | x |
| 2015-12-31 | $8.62 | $13.53 | x |
| 2016-12-31 | $8.83 | $13.53 | x |
| 2017-12-31 | $8.95 | $13.53 | x |
| 2018-12-31 | $9.21 | $13.53 | x |
| 2019-12-31 | $10.08 | $13.53 | x |
| 2020-12-31 | $11.32 | $13.53 | x |
| 2021-12-31 | $12.61 | $13.53 | x |
| 2022-12-31 | $13.24 | $13.53 | x |
| 2023-12-31 | $14.58 | $13.53 | x |
| 2024-12-31 | $13.66 | $13.53 | x |
| 2025-12-31 | $15.04 | $13.53 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Summit State Bank utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 6.72%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 11.55%
- • Asset Turnover: 0.06x
- • Equity Multiplier: 9.93x
- Recent ROE (6.72%) is below the historical average (7.97%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2002 | 9.67% | 345.44% | 0.00x | 9.84x | $-73.20K |
| 2003 | 9.11% | 254.52% | 0.00x | 9.79x | $-212.20K |
| 2004 | 10.51% | 50.68% | 0.02x | 9.76x | $129.40K |
| 2005 | 11.58% | 16.90% | 0.05x | 12.78x | $426.52K |
| 2006 | 5.87% | 12.90% | 0.07x | 6.55x | $-1.97 Million |
| 2007 | 4.07% | 8.11% | 0.07x | 7.13x | $-2.83 Million |
| 2008 | 1.82% | 4.44% | 0.06x | 6.56x | $-4.55 Million |
| 2009 | 3.75% | 9.56% | 0.06x | 6.13x | $-3.47 Million |
| 2010 | 3.27% | 8.96% | 0.06x | 6.29x | $-3.72 Million |
| 2011 | 3.65% | 10.81% | 0.05x | 6.35x | $-3.87 Million |
| 2012 | 5.48% | 16.89% | 0.05x | 7.08x | $-2.84 Million |
| 2013 | 7.01% | 22.15% | 0.04x | 7.37x | $-1.84 Million |
| 2014 | 8.12% | 27.52% | 0.04x | 6.80x | $-1.27 Million |
| 2015 | 10.52% | 28.42% | 0.04x | 8.96x | $297.50K |
| 2016 | 8.47% | 22.65% | 0.04x | 8.76x | $-895.20K |
| 2017 | 5.52% | 14.68% | 0.04x | 10.24x | $-2.68 Million |
| 2018 | 9.47% | 20.90% | 0.04x | 10.11x | $-325.00K |
| 2019 | 9.62% | 19.95% | 0.05x | 10.33x | $-257.40K |
| 2020 | 13.91% | 25.92% | 0.05x | 11.45x | $2.95 Million |
| 2021 | 17.44% | 31.66% | 0.05x | 11.37x | $6.27 Million |
| 2022 | 19.16% | 30.22% | 0.05x | 12.60x | $8.11 Million |
| 2023 | 11.08% | 16.63% | 0.06x | 11.49x | $1.05 Million |
| 2024 | -4.57% | -6.76% | 0.06x | 11.63x | $-13.37 Million |
| 2025 | 6.72% | 11.55% | 0.06x | 9.93x | $-3.32 Million |
Industry Comparison
This section compares Summit State Bank's net assets metrics with peer companies in the Banks - Regional industry.
Industry Context
- Industry: Banks - Regional
- Average net assets among peers: $552,557,300
- Average return on equity (ROE) among peers: 11.02%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Summit State Bank (SSBI) | $101.17 Million | 9.67% | 8.93x | $91.62 Million |
| Ameris Bancorp (ABCB) | $1.46 Billion | 8.31% | 6.86x | $4.95 Billion |
| Ameris Bancorp (ABCB) | $120.94 Million | 10.83% | 9.48x | $5.70 Billion |
| ACNB Corporation (ACNB) | $74.01 Million | 9.97% | 11.77x | $483.21 Million |
| Affinity Bancshares Inc (AFBI) | $129.12 Million | 4.21% | 5.71x | $135.98 Million |
| Alerus Financial Corp (ALRS) | $153.31 Million | 13.22% | 8.01x | $647.19 Million |
| Amalgamated Bank (AMAL) | $535.82 Million | 8.62% | 10.16x | $1.14 Billion |
| Amerant Bancorp Inc. (AMTB) | $901.22 Million | 12.53% | 7.48x | $962.39 Million |
| Arrow Financial Corporation (AROW) | $72.29 Million | 17.85% | 12.85x | $601.02 Million |
| Associated Banc-Corp (ASB) | $2.02 Billion | 12.80% | 9.17x | $5.20 Billion |
| AmeriServ Financial Inc (ASRV) | $65.10 Million | 11.83% | 10.90x | $62.60 Million |
About Summit State Bank
Summit 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, including professional, small business packaged, tiered, and retirement plan accounts. The company also pro… Read more