Summit State Bank (SSBI)

Summit State Bank Balance Sheet

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Cash & Equivalents	66.41	51.4	57.79	77.57	40.7	30.83
Investment Securities	74.3	68.65	85.07	84.41	62.37	61.14
Mortgage-Backed Securities	-	6.99	7.88	8.26	10.5	6.82
Total Investments	74.3	75.64	92.95	92.67	72.87	67.95
Gross Loans	864.44	921.32	956.25	931.01	833.32	756.75
Allowance for Loan Losses	-13.13	-13.69	-15.22	-14.84	-12.33	-8.88
Other Adjustments to Gross Loans	-	-2.55	-2.4	-2.47	-	-1.93
Net Loans	851.31	905.08	938.63	913.71	820.99	745.94
Property, Plant & Equipment	4.97	6.39	6.24	6.82	6.86	7.32
Goodwill	-	-	4.12	4.12	4.12	4.12
Accrued Interest Receivable	21.39	3.48	3.7	3.69	2.79	3.93
Long-Term Deferred Tax Assets	-	3.62	3.12	2.3	2.61	1.39
Other Real Estate Owned & Foreclosed	4.44	4.44	-	-	-	-
Other Long-Term Assets	-	11.15	10.43	9.74	2.83	0.95
Total Assets	1,032	1,067	1,123	1,115	958.08	865.85
Interest Bearing Deposits	635.89	635.37	681.47	498.09	469.2	402.46
Institutional Deposits	93.33	141.43	126.32	212.54	107.58	124.74
Non-Interest Bearing Deposits	193.39	185.76	201.91	252.03	234.82	199.1
Total Deposits	922.61	962.56	1,010	962.66	811.6	726.3
Current Portion of Leases	-	0.44	-	-	-	-
Accrued Interest Payable	5.3	1.67	0.62	11.14	4.09	0.31
Long-Term Debt	5.94	5.94	5.92	5.91	5.89	5.88
Federal Home Loan Bank Debt, Long-Term	-	-	-	41	48.5	53.5
Long-Term Leases	-	0.84	0.99	1.42	1.23	1.37
Other Long-Term Liabilities	0.51	3.91	7.6	4.68	2.48	2.87
Total Liabilities	934.36	975.37	1,025	1,027	873.8	790.23
Common Stock	37.84	37.74	37.47	37.18	37.01	36.98
Retained Earnings	67.78	62.87	68.96	61.39	47.64	37.51
Comprehensive Income & Other	-7.52	-8.89	-8.75	-10.02	-0.38	1.14
Total Common Equity	98.11	91.72	97.68	88.55	84.28	75.63
Shareholders' Equity	98.11	91.72	97.68	88.55	84.28	75.63
Total Liabilities & Equity	1,032	1,067	1,123	1,115	958.08	865.85
Total Debt	5.94	7.22	6.91	48.33	55.62	60.74
Net Cash (Debt)	60.47	44.18	50.88	29.24	-14.92	-29.92
Net Cash Growth	101.92%	-13.16%	74.00%	-	-	-
Net Cash Per Share	8.99	6.58	7.60	4.37	-2.23	-4.48
Filing Date Shares Outstanding	6.77	6.78	6.78	6.73	6.68	6.68
Total Common Shares Outstanding	6.77	6.78	6.78	6.73	6.68	6.68
Book Value Per Share	14.49	13.54	14.40	13.15	12.61	11.33
Tangible Book Value	98.11	91.72	93.56	84.43	80.16	71.51
Tangible Book Value Per Share	14.49	13.54	13.79	12.54	11.99	10.71

Updated Jul 29, 2025. Source: S&P Global Market Intelligence. Banks template. Financial Sources.