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Summit Bank

Tulsa, OK · Cert 57289

FDIC

Q2 2013

$256.2MAssets
$214.1MLoans
$226.1MDeposits
$24.7MEquity
Loan mix
54%RE $91.4M45%C&I $75.9M1%Consumer $2.3MQ2 2012Q2 2013
Deposit mix
68%Interest-bearing $154.3M32%Noninterest $71.8MQ2 2012Q2 2013

NIM

4.83%Q2 ’114.53%Q2 ’124.28%Q2 ’13-5%-3%

Non-interest income vs. expense

3.18%Q2 ’112.87%Q2 ’122.65%Q2 ’13-11%-8%

Executive Summary

  • Earnings: ROA of 1.61%, up 24 bps year over year; NIM at 3.94%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.01%.
  • Funding: loans stand at 94.67% of deposits as of Q2 2013.

Financial Results

Return on Assets (quarter, annualized)

1.61%+24 bps YoY

Net Interest Margin (quarter, annualized)

3.94%-10 bps YoY

Efficiency Ratio (quarter, annualized)

62.26%-324 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ2 2012Q3 2012Q4 2012Q1 2013Q2 2013YoY ΔTrend
Earnings
Return on Assets1.37%1.64%1.69%1.37%1.61%+24 bps
Return on Equity14.55%17.47%18.59%15.18%17.06%+251 bps
Net Interest Margin4.04%4.15%4.06%3.82%3.94%-10 bps
Efficiency Ratio65.50%58.31%59.01%63.83%62.26%-324 bps
Non-Interest Burden2.53%2.27%2.23%2.32%2.34%-19 bps
Growth
Asset Growth (YoY)15.95%16.14%20.67%14.23%9.09%-686 bps
Loan Growth (YoY)26.55%18.60%14.01%9.19%4.61%-2,194 bps
Deposit Growth (YoY)17.64%20.43%25.37%15.90%10.32%-732 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.38%0.04%0.00%0.05%0.01%-38 bps
Allowance / Loans1.37%1.43%1.46%1.46%1.43%+6 bps
Allowance Coverage of NPLsn/an/an/an/an/an/an/a
Capital
Tier 1 Leverage Ration/an/an/an/an/an/an/a
Total Risk-Based Capital12.28%12.54%12.73%13.23%13.30%+102 bps
Equity / Assets9.36%9.39%8.77%9.27%9.64%+28 bps
Liquidity & Funding
Loans / Deposits99.83%97.16%88.62%90.86%94.67%-516 bps
Liquid Assets / Assets4.79%5.59%12.34%11.55%8.24%+345 bps
CRE / Total Capitaln/an/an/an/an/an/an/a