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Summit Bank & Trust

Broomfield, CO · Cert 58458

FDIC · 123 branches

Q4 2024

Board Package

Performance Trends and Peer Comparison

Part 1Performance Trends, own institution only2
Part 2Peer Comparison, banks over $10B in assets3

Basis

Quarter: Q4 2024, the quarter ended December 31, 2024, on both parts.

Income statement: year to date as filed, annualized, on both parts.

Balance sheet: as filed at quarter end.

Peer group

Banks over $10B in assets (n=157 to 158). Each measure ranks only the institutions that reported it, so n varies by measure.

Peer groups below the disclosure floor are suppressed.

Peer standing

Capital

64

Q2 2024Q4 2024peer median (50)

Asset Quality

20

Q2 2024Q4 2024peer median (50)

Profitability

68

Q2 2024Q4 2024peer median (50)

Liquidity

73

Q2 2024Q4 2024peer median

Efficiency

62

Q2 2024Q4 2024peer median (50)

Growth

No peer data yet

Capital, Asset Quality, Profitability, Efficiency: higher is always a stronger peer standing (▲ better, ▼ worse). Liquidity, Growth: the score reflects closeness to the peer median -- 100 is sitting exactly at the median, falling the same way whether the bank runs above or below it.

Source: FFIEC Call Report (031/041/051), as filed. Dollar figures derived from reported amounts in thousands. Ratios computed by CallReports.ai using published regulatory formulas.

CallReports · callreports.ai · Board PackageGenerated 2026-10-11

Summit Bank & Trust

Broomfield, CO · Cert 58458

FDIC · 123 branches

Q4 2024

$17.2BAssets
$11.2BLoans
$14.9BDeposits
$2.1BEquity
Loan mix
64%RE $5.4B35%C&I $3.0B1%Consumer $0.1BQ4 2023Q4 2024
Deposit mix
73%Interest-bearing $10.9B27%Noninterest $4.0BQ4 2023Q4 2024

NIM

3.25%Q4 ’224.71%Q4 ’235.44%Q4 ’24+3%+14%

Non-interest income vs. expense

1.93%Q4 ’222.15%Q4 ’232.38%Q4 ’24+18%+5%

Market Position · Denver-Aurora-Centennial, CO · 2024 SOD (annual) · 2.5% share · #9 of 68 inst. · $2.8B of $110.6B

3.7% Denver
0.9% Maricopa
21.2% Winnebago
32.5% Dubuque

Executive Summary

  • Earnings: ROA of 1.06%, up 32 bps year over year; NIM at 3.60%.
  • Asset quality: problem loans at 1.05% of loans (+23 bps YoY), with net charge-offs at 0.77%.
  • Capital: tier 1 leverage ratio of 11.03%, up 177 bps from a year ago.
  • Funding: loans stand at 75.10% of deposits as of Q4 2024.

Financial Results

Return on Assets (YTD, annualized)

1.06%+32 bps YoY

Net Interest Margin (YTD, annualized)

3.60%+45 bps YoY

Efficiency Ratio (YTD, annualized)

55.78%-236 bps YoY

Tier 1 Leverage Ratio

11.03%+177 bps YoY

Year to date, annualized, through each quarter.

MetricQ4 2023Q1 2024Q2 2024Q3 2024Q4 2024YoY ΔTrend
Earnings
Return on Assets0.74%1.21%1.13%1.26%1.06%+32 bps
Return on Equity7.75%11.71%10.72%11.63%9.58%+183 bps
Net Interest Margin3.15%3.35%3.43%3.57%3.60%+45 bps
Efficiency Ratio58.14%57.60%56.62%54.02%55.78%-236 bps
Non-Interest Burden1.57%1.68%1.68%1.55%1.65%+8 bps
Growth
Asset Growth (YoY)110.66%81.24%24.12%-0.27%-11.02%-12,168 bps
Loan Growth (YoY)122.72%88.64%31.93%4.54%-7.58%-13,031 bps
Deposit Growth (YoY)107.03%74.49%19.10%-2.78%-9.93%-11,695 bps
Asset Quality
Nonperforming Loans / Loans0.81%0.80%0.87%0.61%1.05%+23 bps
Net Charge-Offs / Loans0.10%0.08%0.15%0.44%0.77%+67 bps
Allowance / Loans1.02%1.03%1.06%0.93%0.87%-15 bps
Allowance Coverage of NPLs1.3x1.3x1.2x1.5x0.8x-0.4x
Capital
Tier 1 Leverage Ratio9.26%9.74%10.12%10.57%11.03%+177 bps
Total Risk-Based Capital12.85%13.22%13.67%14.32%14.92%+207 bps
Equity / Assets10.17%10.50%11.05%11.77%12.17%+200 bps
Liquidity & Funding
Loans / Deposits73.20%74.09%75.84%74.94%75.10%+191 bps
Liquid Assets / Assets4.59%5.66%5.29%6.59%6.07%+148 bps
CRE / Total Capitaln/an/an/an/an/an/an/a

Source: FFIEC Call Report (031/041/051), as filed. Dollar figures derived from reported amounts in thousands. Ratios computed by CallReports.ai using published regulatory formulas. Income-statement figures are year-to-date as filed, annualized (the UBPR convention). Each quarter includes the ones before it.

CallReports · callreports.ai· Performance TrendsGenerated 2026-10-11

Summit Bank & Trust

Broomfield, CO · Cert 58458 · Peer group: banks over $10B in assets (n=157-158)

FDIC · 123 branches

Q4 2024

$17.2BAssets
$11.2BLoans
$14.9BDeposits
$2.1BEquity

Executive Summary

  • Strongest standing: net interest margin outperforms 86% of banks over $10B in assets (rank 22 of 158).
  • Widest gap: net charge-offs / loans trails 87% of banks over $10B in assets (rank 137 of 157).
  • Overall: at or above the peer median on 7 of 9 directional measures.

Return on Assets

1.14%

Rank 55 of 158

Net Interest Margin

3.60%

Rank 22 of 158

Efficiency Ratio

56.51%

Rank 61 of 158

Equity / Assets

12.17%

Rank 47 of 158

Non-interest income vs. expense

$133.0M$434.0MINCOMEEXPENSE
Unfavorable gap of $301.0M · efficiency ratio beats 62% of banks over $10B in assets
Bank 56.51%Peer median 58.8%Q2 2024Q4 2024Shaded: peer 25th to 75th percentile
MetricYour BankPeer 25thPeer MedianPeer 75thStandingRankPeer Position
Earnings
Return on Assets1.14%0.71%1.00%1.30%Beats 65%55 / 158
Return on Equity9.40%6.32%9.27%12.11%Beats 52%76 / 158
Net Interest Margin3.60%2.44%2.89%3.23%Beats 86%22 / 158
Efficiency Ratio56.51%52.02%58.79%65.36%Beats 62%61 / 158
Asset Quality
Nonperforming Loans / Loans1.04%0.39%0.70%1.09%Beats 26%117 / 157
Net Charge-Offs / Loans0.82%0.11%0.24%0.46%Beats 13%137 / 157
Capital
Tier 1 Capital Ratio14.14%12.27%13.34%15.58%Beats 64%57 / 158
Total Risk-Based Capital Ratio14.92%13.45%14.64%16.65%Beats 58%67 / 158
Equity / Assets12.17%9.09%11.00%12.52%Beats 70%47 / 158
Liquidity & Funding
Loans / Deposits75.10%73.28%82.81%89.69%28th pctl113 / 158
Loans / Assets64.84%58.79%67.98%74.16%39th pctl96 / 157
Brokered Deposits / Depositsn/aNot reported for this institution