# SUMMIT BANK
BURLINGTON, WA · FDIC certificate 513 · asset band <$300M · latest filing 2011-03 · FAILED

**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 | $142.7M | |
| Deposits | $131.6M | |
| Loans and leases | $109.0M | |
| Total equity | $2.7M | |
| Loans / deposits | 80.34% (p70 of band) | 70.88% |
| Liquid assets / assets | 17.05% (p11 of band) | |
| Uninsured deposits / deposits | 2.02% (p12 of band) | 7.86% |
| Brokered deposits | 13.12% | |
| Wholesale funding | 18.88% (p94 of band) | |
| FHLB advances / assets | 5.76% | |
| Tier 1 leverage | 1.68% (p0 of band) | 9.71% |
| Unrealized securities loss / equity | 2.39% (p68 of band) | 0.79% |
| AOCI / equity | 0.00% (p40 of band) | |
| ROA (annualized) | -9.67% (p0 of band) | 0.66% |
| Net interest margin | 4.36% (p80 of band) | 3.79% |
| Efficiency ratio | 118.22% (p94 of band) | |
| Noncurrent loans | 8.46% (p94 of band) | 1.53% |
| Net charge-offs (annualized) | 9.89% (p100 of band) | |
| Reserve coverage of noncurrent | 35.39% | |
| Real estate % of loans | 74% | |
| Construction % of loans | 432.62% (p99 of band) | |
| Auto loans | $532,000 (0.49% of loans; DQ 11.09%, NCO 0.01%) | |
| Loans to nondepository financials | $5,000 (0% of equity) (p97 of band) | |
| Deposits YoY | – | |
| Employees | 34 | |

## 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`)
- **noncurrent p90** (`aq_noncurrent`)
- **charge-offs p90** (`aq_nco`)
- **reserve under noncurrent** (`aq_reserve`)
- **construction >100% equity** (`conc_construction`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2011-03 | 11 | brokered >10%, wholesale funding >15%, leverage <7%, leverage <5%, losing money, expense ratio p90, noncurrent p90, charge-offs p90, reserve under noncurrent, construction >100% equity |  |

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

- 2026-03-26 [Summit Bank Names Piotrek Buciarski Market President for Portland - Business Wire](https://news.google.com/rss/articles/CBMivwFBVV95cUxOUEp3d216RGtNR3FfWHlWYlBKSS1rOUdfSGZBVUFhdFZoOEhDSVJRWm5idlBjTkJ4bmllb1RUVmJ6TTI0XzM1cGF0dF9ieTNQNHR2S3ZhM2lveEpfaFllVFlUcHRIZ2ZLRlFIM0RSWW5nT3hzTEJOS0JBc0l3ZGFkUHhKeHJnblYwMlUzYzlpQ2F1OTNjUGg1Q0F1QkYwdUdTNnZhYlYwV1pFNTdTVGozN3BFY1R5a0dBcFRvV2lydw?oc=5) · Business Wire
- 2026-03-26 [Summit Bank names Portland market president - The Business Journals](https://news.google.com/rss/articles/CBMikAFBVV95cUxNSG5qRm54NmFOU2IxaGllUlhISFpXRU9oaWRYR2xvQzQxZG56M2VOcnU2RE1tU08xSmtBekNFR0dZSV9BOG0wT1JUX28yUlc3Q04yM2JrTXZuRXV4eEdtc1pOYTB6Zm9yRk03X0dVM29mWG5HLU9kQUIzZ3Z0emp0dVJoRGhuaHpGVmcwbUJlS3U?oc=5) · The Business Journals
- 2026-06-26 [Old Dominion National Bank Merges with The National Capital Bank of Washington - Pennsylvania Business Central](https://news.google.com/rss/articles/CBMivwFBVV95cUxOdHlRS19qMmdWT1Nkd280UnRXS3YzLVRtejVGNDdpTFJFaVR0YXJDOHN1TkxmZkk3Rk42TTFIZVVGTWpMVWNzdk9ULWw2bWRCT2lmdnpsRVY5c1VFdl9Dd3llQ3FCeF9fellxMTRYaTRudWtSemJvWXpidkVmUXRnNEpRN1p1UFpJektzZzY1M3dHQnoxZzFEOWhoRmZCdzNHdkdpOUVJb3hKMGtRSFB4aWw1Q1kyY091STZSQVNDQQ?oc=5) · Pennsylvania Business Central
- 2026-03-27 [Summit Bank Appoints Piotrek Buciarski Market President For Portland - citybiz.co](https://news.google.com/rss/articles/CBMiqwFBVV95cUxORlNCUnB5cmR4Q0pqMHpXRFViQkMtX1JuWmhSdkQ0VGk5S1hvSkFwM3B6LUVudG9GTGY2cF8wTWVTY05HRjYtVWttY25wNU4xSTJaLXJ3XzZNVzk2bS1tNDVWOVdXU256UXdsTEZSM1RuMTdEaFcyOXMtYXZwMEd4aWgyOHhIZmk1Q2VoWlhMTWpMc2VoOVpzaG81SDZpOWlXblpuYjB1Y2x5dVk?oc=5) · citybiz.co
- 2026-02-18 [List Of Failed Banks: 2009-2026 - Bankrate](https://news.google.com/rss/articles/CBMiZEFVX3lxTFAtbi1TaWMteGEyOHdQbnlXd0tPRzM2WFJQZjdPdzViQTZFLVVHODJRTEdqRWhnMkxIOG5xMUVSWU5iNHZSbVpnQ2Z4TWdiMDVwN2NTdUNGd3dXZ2tGcGZ2VWVJRnM?oc=5) · Bankrate
- 2025-08-13 [US credit unions accused of abandoning mission with ‘Wall Street-style’ behaviour - TheBanker.com](https://news.google.com/rss/articles/CBMiekFVX3lxTFBMTXRza05yRDlVRllTbjVZTzRWdWxxemVxdHU4MTF1MTV4RnNQMmw2ZGlRVWxWZVZ4Y0tUMnUxcXpDQ29hLWVfT0Q2cWR0SDVrcVA3UWhEVDUwR2dJdGxodWsxZG05dzZmTkF6T3BRandBZmZjdVZwTmRn?oc=5) · TheBanker.com
- 2018-10-24 [Summit Bank Employees are Donating to Rep. Neal Dunn, Who Also Serves as Chairman of Their Board of Directors - readsludge.com](https://news.google.com/rss/articles/CBMi2gFBVV95cUxOWnFtWWN3a2tWTjc3Nm5qdEpveW9OSG9DdDQ1VDFmLVl2SVNYOUNUREYtWXNDdGdSUWZ3WDNmbG9xTkFfS1VXcGRxWHpJVm5Pbk5aVE55RHZXaVhyaG1KM1F4bXk1dTZBWTlFUTVqNzgxVnJBbE0tRXE4d2xJVVdNTy0wTUtvdkEtdm9KMklnTUpWaFhhOU1HZTlXR05xeUllNTdHdlB3b3Z6X0EzaUU5MGVHc2ZRVV95QjBWVDE3UmpqaUhiMUZlYlhjZ1pkT2dlNmNRZl9jbGYzZw?oc=5) · readsludge.com
- 2019-11-19 [Police: Man charged in 1st Summit Bank robbery had previous bank robbery conviction - WJAC](https://news.google.com/rss/articles/CBMisgFBVV95cUxOdkZwbTZURTZ0OEdwaEloMTNOY0lfOC1jWHEwNHNmNVpNUDdHQmExXzg3Q2d4Wl9FNUt1OHotbVpCUTFSemVOV0N6WFQ1Vk10cms0bjA4ZjlyRUEwSE5ZX0FHcHZmTXEwcGdlM2o2Tzhic1N1YUxXQjdnQ1d4N0RIYUNnLU1QMU1DeEx6OTY1bnFteWJLN0o2czQ2RTBZRWw5S2t6eTE3MTFIYzYtQ2xMRVhB?oc=5) · WJAC

## How to verify

- Page: https://getbookiq.com/bank-desk/#bank=513 (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/1.json (key "513", 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