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) - Total Assets
Latest total assets as of December 2007: $183.93 Million USD
Based on the latest financial reports, Summit Bancshares Inc (SMAL) holds total assets worth $183.93 Million USD as of December 2007.
Total assets represent everything the company owns and controls, combining both current assets—like cash and cash equivalents, accounts receivable, and inventories—and non-current assets such as property, plant, equipment (PP&E), intangible assets, and long-term investments.
Summit Bancshares Inc - Total Assets Trend (1999–2024)
This chart illustrates how Summit Bancshares Inc’s total assets have evolved over time, based on quarterly financial data. Explore and compare other companies by total assets.
Summit Bancshares Inc - Asset Composition Analysis
Current Asset Composition (December 2024)
Summit Bancshares Inc's total assets of $183.93 Million consist of 20.5% current assets and 79.5% non-current assets.
| Asset Category | Amount (USD) | % of Total Assets |
|---|---|---|
| Cash & Equivalents | $0.00 | 20.5% |
| Accounts Receivable | $0.00 | 0.0% |
| Inventory | $0.00 | 0.0% |
| Property, Plant & Equipment | $0.00 | 0.0% |
| Intangible Assets | $0.00 | 0.0% |
| Goodwill | $0.00 | 0.0% |
Asset Composition Trend (1999–2024)
This chart illustrates how Summit Bancshares Inc's asset composition has evolved over time. Understanding changes in asset allocation can provide insights into the company's strategic shifts, capital allocation priorities, and business focus evolution.
Key Asset Composition Facts
- Current vs. Non-Current Assets: Summit Bancshares Inc's current assets represent 20.5% of total assets in 2024, a decrease from 27.7% in 1999.
- Cash Position: Cash and equivalents constituted 20.5% of total assets in 2024, down from 24.8% in 1999.
- Tangible vs. Intangible: Intangible assets (including goodwill) make up 0.0% of total assets, unchanged from 0.0% in 1999.
- Asset Diversification: The largest asset category is goodwill at 0.0% of total assets.
Summit Bancshares Inc Competitors by Total Assets
Key competitors of Summit Bancshares Inc based on total assets are shown below.
| Company | Country | Total Assets |
|---|---|---|
|
Ping An Bank Co Ltd
SHE:000001
|
China | CN¥5.77 Trillion |
|
Bank of Ningbo Co Ltd
SHE:002142
|
China | CN¥3.58 Trillion |
|
Bank of Zhengzhou Co Ltd Class A
SHE:002936
|
China | CN¥743.55 Billion |
|
Qingdao Rural Commercial Bank Corp Class A
SHE:002958
|
China | CN¥509.92 Billion |
|
Bank of Suzhou
SHE:002966
|
China | CN¥776.04 Billion |
|
Jeju Bank
KO:006220
|
Korea | ₩7.72 Trillion |
|
Industrial Bank Of Korea
KO:024110
|
Korea | ₩490.11 Trillion |
|
Hana Financial
KO:086790
|
Korea | ₩659.08 Trillion |
Summit Bancshares Inc - Asset Efficiency Metrics
Asset efficiency metrics measure how effectively a company uses its assets to generate revenue and profits. These indicators help investors evaluate management's ability to deploy capital efficiently.
Asset Turnover Ratio
Measures how efficiently a company uses its assets to generate sales
Lower asset utilization - Summit Bancshares Inc generates 0.06x its asset value in annual revenue.
Return on Assets (ROA)
Measures how efficiently a company uses its assets to generate profits
Moderate ROA - For every $100 in assets, Summit Bancshares Inc generates $ 1.54 in net profit.
Summit Bancshares Inc - Liquidity and Working Capital Analysis
Liquidity ratios measure a company's ability to pay off its short-term debts as they come due, using the company's current or quick assets. Working capital represents the operational liquidity available.
Key Liquidity Metrics
| Metric | Current | 1 Year Ago | 5 Years Ago |
|---|---|---|---|
| Current Ratio | 0.24 | 0.21 | 0.22 |
| Quick Ratio | 0.24 | 0.21 | 0.22 |
| Cash Ratio | 0.00 | 0.00 | 0.00 |
| Working Capital | $-126.24 Million | $ -139.32 Million | $ -89.95 Million |
Summit Bancshares Inc - Advanced Valuation Insights
This section examines the relationship between Summit Bancshares Inc's asset base and its market valuation, helping to identify whether the company's assets are efficiently translated into market value.
Key Valuation Metrics
| Current Price-to-Book Ratio | 1.42 |
| Latest Market Cap to Assets Ratio | 0.12 |
| Asset Growth Rate (YoY) | -7.7% |
| Total Assets | $293.74 Million |
| Market Capitalization | $34.34 Million USD |
Valuation Analysis
Below Book Valuation: The market values Summit Bancshares Inc's assets below their book value (0.12 x), which may indicate investor concerns about asset quality or future growth.
Significant Asset Reduction: Summit Bancshares Inc's assets decreased by 7.7% over the past year, potentially indicating divestiture, restructuring, or challenging business conditions.
Annual Total Assets for Summit Bancshares Inc (1999–2024)
The table below shows the annual total assets of Summit Bancshares Inc from 1999 to 2024.
| Year | Total Assets | Change |
|---|---|---|
| 2024-12-31 | $293.74 Million | -7.74% |
| 2023-12-31 | $318.38 Million | -11.89% |
| 2022-12-31 | $361.33 Million | -1.94% |
| 2021-12-31 | $368.47 Million | +20.08% |
| 2020-12-31 | $306.86 Million | +18.94% |
| 2019-12-31 | $257.99 Million | -3.60% |
| 2018-12-31 | $267.63 Million | +1.64% |
| 2017-12-31 | $263.32 Million | +9.20% |
| 2016-12-31 | $241.12 Million | +5.02% |
| 2015-12-31 | $229.60 Million | +105068.91% |
| 2014-12-31 | $218.31K | +14.10% |
| 2013-12-31 | $191.34K | -99.90% |
| 2010-12-31 | $184.93 Million | +3.14% |
| 2009-12-31 | $179.31 Million | -1.57% |
| 2008-12-31 | $182.17 Million | -0.96% |
| 2007-12-31 | $183.93 Million | -5.89% |
| 2006-12-31 | $195.43 Million | +17.76% |
| 2005-12-31 | $165.96 Million | -1.72% |
| 2004-12-31 | $168.87 Million | +6.33% |
| 2003-12-31 | $158.81 Million | +7.86% |
| 2002-12-31 | $147.24 Million | -0.28% |
| 2001-12-31 | $147.65 Million | +8.64% |
| 1999-12-31 | $135.90 Million | -- |