Summit Bancshares, Inc. (SMAL)

Summit Bancshares Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2014
Period Ending	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2014
Interest Income on Loans	12.56	12.62	10.27	11.31	9.67
Interest Income on Investments	4.96	5.56	2.76	0.67	0.37
Total Interest Income	17.52	18.17	13.03	11.98	10.04
Interest Paid on Deposits	2.13	1.49	0.6	0.53	0.43
Total Interest Expense	2.13	1.49	0.6	0.53	0.43
Net Interest Income	15.39	16.68	12.43	11.45	9.6
Net Interest Income Growth (YoY)	-7.74%	34.19%	8.59%	19.19%	43.98%
Other Non-Interest Income	0.31	0.27	0.26	0.33	0.54
Total Non-Interest Income	0.8	0.96	1.1	1.12	1.07
Non-Interest Income Growth (YoY)	-16.67%	-13.25%	-1.20%	4.78%	2.66%
Revenues Before Loan Losses	16.19	17.64	13.54	12.57	10.67
Provision for Loan Losses	0.6	1.2	0.3	0.45	-
Revenue	15.59	16.44	13.24	12.12	10.67
Revenue Growth (YoY)	-5.17%	24.20%	9.24%	13.53%	42.09%
Salaries and Employee Benefits	5.8	5.51	5.27	5.82	3.32
Occupancy Expenses	0.71	0.72	0.67	0.65	0.53
Federal Deposit Insurance	0.13	0.15	0.1	0.09	0.14
Selling, General & Administrative	0.68	0.68	0.81	0.82	0.69
Other Non-Interest Expense	1.84	1.59	1.54	1.43	1.11
Total Non-Interest Expense	9.17	8.66	8.4	8.83	5.79
EBT Excluding Unusual Items	6.42	7.78	4.83	3.29	4.88
Pretax Income	6.42	7.78	4.83	3.29	4.88
Income Tax Expense	1.88	2.29	1.43	0.96	1.96
Net Income	4.54	5.49	3.4	2.33	2.92
Net Income to Common	4.54	5.49	3.4	2.33	2.92
Net Income Growth	-17.41%	61.47%	45.96%	-20.06%	114.09%
Basic Shares Outstanding	1	1	1	1	1
Diluted Shares Outstanding	1	1	1	1	1
Shares Change (YoY)	-0.04%	-0.79%	-1.86%	-8.09%	-
EPS (Basic)	3.90	4.72	2.90	1.95	2.24
EPS (Diluted)	3.90	4.72	2.90	1.95	2.24
EPS Growth	-17.37%	62.76%	48.72%	-12.95%	113.88%
Dividend Per Share	0.330	0.400	0.400	0.360	-
Dividend Growth	-17.50%	-	11.11%	-	-
Effective Tax Rate	29.35%	29.43%	29.59%	29.18%	40.26%

Source: S&P Global Market Intelligence. Banks template. Financial Sources.