Summit Bancshares Inc
Summit Bancshares, Inc., through its subsidiary, Summit Bank, provides commercial credit and other banking services in California. It offers checking and savings accounts, and certificates of deposit. The company also provides commercial real estate, land development and construction, and commercial and consumer loans, as well as letters of credit. The company offers commercial credits and other … Read more
Summit Bancshares Inc (SMAL) - Net Assets
Latest net assets as of December 2007: $21.18 Million USD
Based on the latest financial reports, Summit Bancshares Inc (SMAL) has net assets worth $21.18 Million USD as of December 2007.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($183.93 Million) and total liabilities ($162.74 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.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $21.18 Million |
| % of Total Assets | 11.52% |
| Annual Growth Rate | 4.68% |
| 5-Year Change | 27.04% |
| 10-Year Change | 72.73% |
| Growth Volatility | 2606.5 |
Summit Bancshares Inc - Net Assets Trend (1999–2024)
This chart illustrates how Summit Bancshares Inc's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Summit Bancshares Inc (1999–2024)
The table below shows the annual net assets of Summit Bancshares Inc from 1999 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $47.56 Million | +5.14% |
| 2023-12-31 | $45.23 Million | +9.89% |
| 2022-12-31 | $41.16 Million | +4.64% |
| 2021-12-31 | $39.34 Million | +5.08% |
| 2020-12-31 | $37.44 Million | +5.64% |
| 2019-12-31 | $35.44 Million | +13.27% |
| 2018-12-31 | $31.29 Million | +9.54% |
| 2017-12-31 | $28.56 Million | +4.53% |
| 2016-12-31 | $27.33 Million | -0.75% |
| 2015-12-31 | $27.53 Million | +12513.24% |
| 2014-12-31 | $218.28K | +14.11% |
| 2013-12-31 | $191.29K | -99.01% |
| 2010-12-31 | $19.40 Million | +5.34% |
| 2009-12-31 | $18.41 Million | +2.89% |
| 2008-12-31 | $17.90 Million | -15.52% |
| 2007-12-31 | $21.18 Million | +29.64% |
| 2006-12-31 | $16.34 Million | +12.57% |
| 2005-12-31 | $14.51 Million | +5.49% |
| 2004-12-31 | $13.76 Million | -30.30% |
| 2003-12-31 | $19.74 Million | +4.15% |
| 2002-12-31 | $18.95 Million | +4.08% |
| 2001-12-31 | $18.21 Million | +20.17% |
| 1999-12-31 | $15.15 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Summit Bancshares Inc'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 grown by 299.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $45.53 Million | 95.74% |
| Common Stock | $2.03 Million | 4.26% |
| Total Equity | $47.56 Million | 100.00% |
Summit Bancshares Inc Competitors by Market Cap
The table below lists competitors of Summit Bancshares Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
LUMENT FINANCE TR. DL-01
F:70X
|
$34.35 Million |
|
Masisa
SN:MASISA
|
$34.36 Million |
|
MDwerks Inc
OTCQB:MDWK
|
$34.36 Million |
|
Inv Tricahue
SN:TRICAHUE
|
$34.37 Million |
|
National Energy Services Reunited Corp Warrants
NASDAQ:NESRW
|
$34.33 Million |
|
Rottneros AB
ST:RROS
|
$34.31 Million |
|
Sernova Corp
OTCQB:SEOVF
|
$34.31 Million |
|
Sotherly Hotels Inc
NASDAQ:SOHO
|
$34.31 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Summit Bancshares Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 45,233,674 to 47,557,696, a change of 2,324,022 (5.1%).
- Net income of 4,535,985 contributed positively to equity growth.
- Dividend payments of 2,211,963 reduced retained earnings.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $4.54 Million | +9.54% |
| Dividends Paid | $2.21 Million | -4.65% |
| Total Change | $- | 5.14% |
Book Value vs Market Value Analysis
This analysis compares Summit Bancshares Inc'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: 1.23x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 5.44x to 1.23x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1999-12-31 | $8.27 | $45.00 | x |
| 2001-12-31 | $9.76 | $45.00 | x |
| 2002-12-31 | $10.15 | $45.00 | x |
| 2003-12-31 | $10.74 | $45.00 | x |
| 2004-12-31 | $7.49 | $45.00 | x |
| 2005-12-31 | $7.96 | $45.00 | x |
| 2006-12-31 | $8.96 | $45.00 | x |
| 2007-12-31 | $13.61 | $45.00 | x |
| 2008-12-31 | $13.56 | $45.00 | x |
| 2009-12-31 | $14.16 | $45.00 | x |
| 2010-12-31 | $15.56 | $45.00 | x |
| 2013-12-31 | $0.02 | $45.00 | x |
| 2014-12-31 | $0.02 | $45.00 | x |
| 2015-12-31 | $21.18 | $45.00 | x |
| 2016-12-31 | $21.02 | $45.00 | x |
| 2017-12-31 | $21.97 | $45.00 | x |
| 2018-12-31 | $24.06 | $45.00 | x |
| 2019-12-31 | $27.26 | $45.00 | x |
| 2020-12-31 | $28.79 | $45.00 | x |
| 2021-12-31 | $30.25 | $45.00 | x |
| 2022-12-31 | $31.66 | $45.00 | x |
| 2023-12-31 | $34.79 | $45.00 | x |
| 2024-12-31 | $36.58 | $45.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Summit Bancshares Inc 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): 9.54%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 28.02%
- • Asset Turnover: 0.06x
- • Equity Multiplier: 6.18x
- Recent ROE (9.54%) is below the historical average (10.37%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1999 | 15.93% | 20.52% | 0.09x | 8.97x | $898.30K |
| 2001 | 11.07% | 18.19% | 0.08x | 8.11x | $194.38K |
| 2002 | 9.03% | 18.38% | 0.06x | 7.77x | $-183.20K |
| 2003 | 8.75% | 19.87% | 0.05x | 8.05x | $-245.90K |
| 2004 | 11.77% | 19.78% | 0.05x | 12.27x | $244.20K |
| 2005 | 16.91% | 24.93% | 0.06x | 11.43x | $1.00 Million |
| 2006 | 22.19% | 31.00% | 0.06x | 11.96x | $1.99 Million |
| 2007 | 17.40% | 32.35% | 0.06x | 8.68x | $1.57 Million |
| 2008 | 11.67% | 16.14% | 0.07x | 10.18x | $298.76K |
| 2009 | 2.81% | 5.25% | 0.05x | 9.74x | $-1.32 Million |
| 2010 | 5.07% | 10.50% | 0.05x | 9.53x | $-955.97K |
| 2013 | 6.03% | 18.13% | 0.04x | 8.48x | $-895.18 |
| 2014 | 11.44% | 27.32% | 0.05x | 8.57x | $366.91 |
| 2015 | 8.48% | 22.80% | 0.04x | 8.34x | $-419.57K |
| 2016 | 7.46% | 20.59% | 0.04x | 8.82x | $-694.94K |
| 2017 | 6.47% | 16.19% | 0.04x | 9.22x | $-1.01 Million |
| 2018 | 9.85% | 23.90% | 0.05x | 8.55x | $-46.80K |
| 2019 | 12.76% | 30.73% | 0.06x | 7.28x | $977.54K |
| 2020 | 7.44% | 20.40% | 0.04x | 8.20x | $-957.48K |
| 2021 | 5.92% | 17.79% | 0.04x | 9.37x | $-1.60 Million |
| 2022 | 8.26% | 24.07% | 0.04x | 8.78x | $-714.89K |
| 2023 | 12.14% | 28.70% | 0.06x | 7.04x | $968.62K |
| 2024 | 9.54% | 28.02% | 0.06x | 6.18x | $-219.78K |
Industry Comparison
This section compares Summit Bancshares Inc's net assets metrics with peer companies in the Banks - Regional industry.
Industry Context
- Industry: Banks - Regional
- Average net assets among peers: $25,670,820,700
- Average return on equity (ROE) among peers: 9.44%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Summit Bancshares Inc (SMAL) | $21.18 Million | 15.93% | 7.68x | $34.34 Million |
| Ameris Bancorp (ABCB) | $120.94 Million | 10.83% | 9.48x | $4.91 Billion |
| ACNB Corporation (ACNB) | $2.75 Billion | 1.01% | 0.01x | $462.57 Million |
| Addiko Bank AG (ADBKF) | $839.50 Million | 5.41% | 6.63x | $210.07 Million |
| Affinity Bancshares Inc (AFBI) | $120.97 Million | 6.26% | 5.51x | $79.94 Million |
| Absa Group Limited (AGRPF) | $19.52 Billion | 23.08% | 14.72x | $6.72 Billion |
| AIB Group plc (AIBGY) | $14.46 Billion | -16.17% | 8.45x | $21.72 Billion |
| Akbank Turk Anonim Sirketi (AKBTY) | $211.22 Billion | 31.48% | 8.02x | $8.60 Billion |
| Alpha Bank SA (ALBKY) | $7.32 Billion | 8.44% | 8.89x | $1.12 Billion |
| Community Capital Bancshares Inc (ALBY) | $9.19 Million | 7.09% | 8.66x | $19.76 Million |
| Alpine Banks of Colorado (ALPIB) | $342.89 Million | 16.92% | 10.27x | $248.47 Million |