# SUMMIT NATIONAL BANK
HULETT, WY · FDIC certificate 25054 · asset band <$300M · latest filing 2026-06 · live

**Verdict on the desk:** this could be *credit-stressed*. Composite score 11 (one point per flag, capital below 5% counted twice; 7 or more is where departures cluster).

## What the filing shows (filed dollars, derived ratios; band percentiles in parentheses)

| Measure | Value | Band median |
|---|---|---|
| Total assets | $65.9M | |
| Deposits | $64.0M | |
| Loans and leases | $33.4M | |
| Total equity | $1.6M | |
| Loans / deposits | 51.42% (p21 of band) | 73.59% |
| Liquid assets / assets | 44.92% (p71 of band) | |
| Uninsured deposits / deposits | 9.14% (p11 of band) | 19.81% |
| Brokered deposits | 33.36% | |
| Wholesale funding | 33.36% (p99 of band) | |
| FHLB advances / assets | 0.00% | |
| Tier 1 leverage | 2.46% (p0 of band) | 11.76% |
| Unrealized securities loss / equity | -17.46% (p26 of band) | -6.57% |
| AOCI / equity | 5.31% (p100 of band) | |
| ROA (annualized) | -2.20% (p2 of band) | 1.17% |
| Net interest margin | 2.24% (p3 of band) | 3.93% |
| Efficiency ratio | 233.09% (p99 of band) | |
| Noncurrent loans | 0.46% (p54 of band) | 0.36% |
| Net charge-offs (annualized) | -0.01% (p11 of band) | |
| Reserve coverage of noncurrent | 354.19% | |
| Real estate % of loans | 41% | |
| Construction % of loans | 27.32% (p62 of band) | |
| Auto loans | $317,000 (0.95% of loans; DQ 0.00%, NCO 0.00%) | |
| Loans to nondepository financials | $0 (0% of equity) (p48 of band) | |
| Deposits YoY | -24.2% | |
| Employees | 22 | |

## Flags firing in the latest filing

- **brokered >10%** (`liq_brokered`)
- **wholesale funding >15%** (`liq_wholesale`)
- **leverage <7%** (`cap_low`)
- **leverage <5%** (`cap_critical`)
- **losing money** (`earn_negative`)
- **expense ratio p90** (`earn_efficiency`)
- **NIM <2.5%** (`earn_nim`)
- **deposits shrinking** (`shrink_deposits`)
- **assets shrinking** (`shrink_assets`)
- **uninsured deposits leaving** (`flight_uninsured`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2011-03 | 2 | charge-offs p90, reserve under noncurrent |  |
| 2011-06 | 1 |  | charge-offs p90 |
| 2011-09 | 1 |  |  |
| 2011-12 | 1 | losing money | reserve under noncurrent |
| 2012-03 | 4 | reserve under noncurrent, deposits shrinking, assets shrinking, uninsured deposits leaving | losing money |
| 2012-06 | 5 | charge-offs p90 |  |
| 2012-09 | 5 |  |  |
| 2012-12 | 5 |  |  |
| 2013-03 | 4 | noncurrent p90 | uninsured deposits leaving, charge-offs p90 |
| 2013-06 | 6 | charge-offs p90, uninsured deposits leaving |  |
| 2013-09 | 3 |  | assets shrinking, noncurrent p90, uninsured deposits leaving |
| 2013-12 | 6 | capital falling, noncurrent p90, assets shrinking |  |
| 2014-03 | 3 |  | deposits shrinking, capital falling, assets shrinking |
| 2014-06 | 2 |  | charge-offs p90 |
| 2014-09 | 3 | uninsured deposits leaving |  |
| 2014-12 | 3 | capital falling | uninsured deposits leaving |
| 2015-03 | 2 | assets shrinking | noncurrent p90, capital falling |
| 2015-06 | 3 | noncurrent p90, deposits shrinking | assets shrinking |
| 2015-09 | 2 |  | deposits shrinking |
| 2015-12 | 3 | capital falling |  |
| 2016-03 | 2 |  | noncurrent p90 |
| 2016-06 | 2 |  |  |
| 2016-09 | 3 | charge-offs p90 |  |
| 2016-12 | 1 |  | capital falling, charge-offs p90 |
| 2017-03 | 2 | noncurrent p90 |  |
| 2017-06 | 3 | capital falling |  |
| 2017-09 | 2 |  | noncurrent p90 |
| 2017-12 | 3 | noncurrent p90 |  |
| 2018-03 | 2 |  | capital falling |
| 2018-06 | 3 | assets shrinking |  |
| 2018-09 | 2 |  | assets shrinking |
| 2018-12 | 3 | capital falling |  |
| 2019-03 | 2 |  | capital falling |
| 2019-06 | 1 |  | noncurrent p90 |
| 2019-09 | 2 | charge-offs p90 |  |
| 2019-12 | 1 |  | charge-offs p90 |
| 2020-03 | 0 |  | reserve under noncurrent |
| 2020-06 | 0 |  |  |
| 2020-09 | 0 |  |  |
| 2020-12 | 0 |  |  |
| 2021-03 | 0 |  |  |
| 2021-06 | 0 |  |  |
| 2021-09 | 0 |  |  |
| 2021-12 | 1 | capital falling |  |
| 2022-03 | 2 | losing money, expense ratio p90 | capital falling |
| 2022-06 | 2 |  |  |
| 2022-09 | 3 | assets shrinking |  |
| 2022-12 | 5 | deposits shrinking, uninsured deposits leaving |  |
| 2023-03 | 3 |  | losing money, expense ratio p90 |
| 2023-06 | 0 |  | assets shrinking, deposits shrinking, uninsured deposits leaving |
| 2023-09 | 4 | brokered >10%, capital falling, losing money, expense ratio p90 |  |
| 2023-12 | 4 | wholesale funding >15% | capital falling |
| 2024-03 | 4 |  |  |
| 2024-06 | 8 | capital falling, deposits shrinking, assets shrinking, uninsured deposits leaving |  |
| 2024-09 | 8 |  |  |
| 2024-12 | 11 | leverage <7%, leverage <5% |  |
| 2025-03 | 11 | NIM <2.5% | uninsured deposits leaving |
| 2025-06 | 9 |  | deposits shrinking, NIM <2.5% |
| 2025-09 | 10 | deposits shrinking |  |
| 2025-12 | 11 | NIM <2.5% |  |
| 2026-03 | 11 | uninsured deposits leaving | capital falling |
| 2026-06 | 11 |  |  |

## In the news (Google News, unfiltered, newest first; check the city)

- 2026-01-09 [Mode Eleven Bancorp Seeks Court Approval for $2 Million Private Sale o - chapter11cases.com](https://news.google.com/rss/articles/CBMi-AFBVV95cUxOR216MHJ1M3BDMnB3QkhYRVBSZFZheGlKcmxIZlpaWDJ0Y0ZmRndKeDRNRDhQNS13Z3gzLWM2Mk5XTlJmaXFsSUNsaDlxTFN4dXRmSWFLN3FWYWNKQS0teDliY0xBRVdaaWtnbVNrZU40ZlRaOVo0QTZZSjdIYlc3TWJjeWR6NHFSaVhSeGRnWlI2WlR1WEdkdkhFWnlQNnBRNnRqSlRwREdWTGZObm9TSjU2RmlSaEJ4Q3pxeE5HaGlMeGRiVGhWWWNqR1gwLXlPekh0U0oyM0VMaEJDVVVNVXJKaTU1WXd6Q1R1N1lrNGRpQ2pWdW55NQ?oc=5) · chapter11cases.com
- 2026-06-05 [Kraken Co-CEO Arjun Sethi to Acquire Wyoming Bank for $5.5 Million - Cryptonews.net](https://news.google.com/rss/articles/CBMiWEFVX3lxTE9zbkdWdEgyaXhfN1FsV21yX3AzcHJJYm1oeDZwQk9BVjlBcXp2c0x4MnFZemlRVFlHQTNHaVRiLUR3RERzZWFUMmppYmNsRjdvRWJ2cFgtNjc?oc=5) · Cryptonews.net
- 2026-06-05 [Kraken co-CEO to acquire Wyoming bank for $5.5M - CoinNess](https://news.google.com/rss/articles/CBMiTEFVX3lxTE1qQTdjUnRNMWNjV0pvdnVWMWMxdVh1ekI4SHFlOVNoY2VtMDNFY1dVVTVKNXVsRHpFZ0twaVNNb0RfdmVJWExRbVBSR1Y?oc=5) · CoinNess
- 2026-02-01 [Cayman crypto firm Nexo accuses Florida’s Forrest Gilman of ‘$5M fraud’ over Summit National Bank investment - OffshoreAlert](https://news.google.com/rss/articles/CBMi0AFBVV95cUxPU2t4SzNTemhIa3ZvY1ZnLUhzbFN0OXZ4TlM1T0tiU1dvcVNfa2lueWcwWU92ZnZDQjJsVV9BQW5KdzFnSW1Xd3o2THZlR3dVVk5BRGpfRFRpZHdDa1JSNEt6d3pKdGpGdkJPVzVGeUNBSEgwX1VySDU5dkJ2TDdpTncwNjl6WTZYNkt6WEVwa3lRQktUemx2czhjanY4Zk02bWplV2NmNHYybW9Odl9oR2VuZWFRWDlhd0Jwc1I5cFd2YVdQSHAzdzRzU0RRX19z?oc=5) · OffshoreAlert
- 2024-04-05 [Wyoming bank sheds fintech program - Banking Dive](https://news.google.com/rss/articles/CBMixwFBVV95cUxOa0pMdUhzV3FYb1FLUXJCY3lHbWxzTGZzcHoyY0FIdDBVYzdqUHpKNThLazJmR1U2TmwwTTFxbkU2Yml2Q0k2SGEyWnZhWTEwa0NtcUR5R1FsNHYtd2ZjUnpjS1kyLTF5RkhnSXNJMm1RM2QxZlJJdHVlUzZsb1hvNElpUXFXZmlWbUNfN1lCbnFkdHpsakFhT3pZZGYzZnZsZW95dTVKZ3FIUUdZTDJ1ZGVPRzh0RTlMaWpSSi1ibTJXYjc3VGpj?oc=5) · Banking Dive
- 2022-09-27 [Crypto lender Nexo gets U.S. bank charter after buying stake in regulated bank - CNBC](https://news.google.com/rss/articles/CBMipwFBVV95cUxQeVZFLVduUi1NeEtnempOMGUwM3RoaGlRLS13UDFXWE1ZbkI4S3hDWXpiSHBZdGhIT25NUG5kYWhlRHF5SzZYb3gxWWNWenpYOUtXcHdQRm0wbkRibm15ZjBzTWxKLUN2Qkt2a2ZTVjFTTEtyOFdCRTNkWWNadmUxSUJoQWhNZ3c1Y1VjSkVXaWVPVG5CRExZdDJsdXlpWGoxaTFIbEVic9IBrAFBVV95cUxQanZfcTNZenNvZ0Zra3NjeGF3dlp1eFhRdmZ3cFVHbzJTUk9mbUxjWWxGbFZveDhGQmNrTnhYalpTaGVraDBwZ2NpcS03NVpOMHE3bndSYjVhYjZOTlBndWJJM0ZvT1Bqc1VFWUF5RmJ2U1dReGpJR3R0ZkFraDRPVHA1ZUJqcTA2OGJwSTA2Wk9fUjJqbWJRTl9wNE1NdExVRzVrMk5OZkJiaEVj?oc=5) · CNBC
- 2024-04-05 [Wyoming community bank winds down fintech program - American Banker](https://news.google.com/rss/articles/CBMijgFBVV95cUxQb2VpLUZOSy1xaHNvVW0wQ0hsRmVtT1M3ZENYMXRnQzAwbWpZZ25YYTFpSWNoZ2xxMVZHVmZoM1I0aklEQmRpMmhWVndrc0ZneWZzWVVFc08yZnBrSldiWk5icGpPa2g1VEM0eW11aWdwNm53dWd5YVdIM3B3ZGRkTGxVWlpNZUxzNFFPMzRn?oc=5) · American Banker
- 2025-06-22 [Wyoming Bank Holding Company Seeks Emergency Sale Amid Regulatory Pressure - chapter11cases.com](https://news.google.com/rss/articles/CBMisgFBVV95cUxPZDA2cURQcnp0VFI5THE1MGNjMmRNWk5HSzdOMy01ZGg2VFJsSDNCLUd0MFdqOG5sU0psT1JLV0lMcWZyZWNjZFItakVZcXZVeHZ0MXE5SnFDQ0dMYWZweHdiSzlveGRvOE9SUDRDa0dvSDBwZkRFSE93S2dRNjFHdjR0TXlYR2RzMmgxYWhRS3Y4UHVqVWJwSHBvN3pScGwyZmh3a1hLZWxfeUlZcjhIV3Nn?oc=5) · chapter11cases.com

## How to verify

- Page: https://getbookiq.com/bank-desk/#bank=25054 (click any number for its formula and FFIEC field codes)
- Latest row, JSON: https://getbookiq.com/bank-desk/data/summary.json · history: https://getbookiq.com/bank-desk/data/h/30.json (key "25054", columns cycle, ASSET, DEP, LNLSGR, EQTOT, ltd, liquid_pct, unins_pct, lev, aoci_pct_eq, sec_loss_eq, roa, nim, eff, nc_pct, nco_pct, LNAUTO, auto_dq, auto_nco, LNNDEPD, ndfi_eq, wholesale_pct, dep_yoy, score, flags)
- Field definitions: https://getbookiq.com/dictionary/#bank-LNNDEPD and the rest of the bank dictionary
- Source: FDIC call report via BankFind, dollars in thousands as filed. Departed means stopped filing, which is usually a merger; FAILED is the FDIC's own list.

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Rendered 2026-09-10 from the desks' own data files. Full guide: https://getbookiq.com/guide