# SUMMIT COMMUNITY BANK
EAST LANSING, MI · FDIC certificate 57401 · asset band <$300M · latest filing 2014-03 · stopped filing (departed)

**Verdict on the desk:** this could be *funding-stretched*. Composite score 4 (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 | $154.1M | |
| Deposits | $119.3M | |
| Loans and leases | $130.9M | |
| Total equity | $16.7M | |
| Loans / deposits | 108.44% (p98 of band) | 68.03% |
| Liquid assets / assets | 9.73% (p2 of band) | |
| Uninsured deposits / deposits | 18.52% (p74 of band) | 12.24% |
| Brokered deposits | 0.00% | |
| Wholesale funding | 11.09% (p88 of band) | |
| FHLB advances / assets | 11.09% | |
| Tier 1 leverage | 10.65% (p55 of band) | 10.34% |
| Unrealized securities loss / equity | 0.00% (p57 of band) | -0.15% |
| AOCI / equity | -0.15% (p4 of band) | |
| ROA (annualized) | 0.99% (p66 of band) | 0.74% |
| Net interest margin | 4.23% (p82 of band) | 3.59% |
| Efficiency ratio | 77.71% (p57 of band) | |
| Noncurrent loans | 1.73% (p67 of band) | 0.94% |
| Net charge-offs (annualized) | 0.45% (p93 of band) | |
| Reserve coverage of noncurrent | 67.06% | |
| Real estate % of loans | 88% | |
| Construction % of loans | 43.13% (p78 of band) | |
| Auto loans | $201,000 (0.15% of loans; DQ 0.00%, NCO 0.00%) | |
| Loans to nondepository financials | $0 (0% of equity) (p48 of band) | |
| Deposits YoY | -0.3% | |
| Employees | 69 | |

## Flags firing in the latest filing

- **loans exceed deposits** (`liq_ltd`)
- **liquid assets <10%** (`liq_thin`)
- **charge-offs p90** (`aq_nco`)
- **reserve under noncurrent** (`aq_reserve`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2011-03 | 3 | wholesale funding >15%, losing money, reserve under noncurrent |  |
| 2011-06 | 1 |  | wholesale funding >15%, losing money |
| 2011-09 | 1 |  |  |
| 2011-12 | 1 |  |  |
| 2012-03 | 1 |  |  |
| 2012-06 | 3 | loans exceed deposits, uninsured deposits leaving |  |
| 2012-09 | 3 |  |  |
| 2012-12 | 4 | wholesale funding >15%, deposits shrinking | uninsured deposits leaving |
| 2013-03 | 3 |  | wholesale funding >15% |
| 2013-06 | 2 |  | deposits shrinking |
| 2013-09 | 2 |  |  |
| 2013-12 | 3 | liquid assets <10% |  |
| 2014-03 | 4 | charge-offs p90 |  |

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

- 2024-01-22 [Summit Community Bank celebrates new Huntington branch - herald-dispatch.com](https://news.google.com/rss/articles/CBMi3gFBVV95cUxNeUxYMnZZRFVCVWVVOXZ1d2tKU0lobmFaSjlrc0wwRFNsbHhnX3M1RVFOQUVqWW82SE1PR3NsMzV0RmhMQ01fbmpZTC1nR2FSOUl0Q0ZSMXNma0JxNFJaeUdCdDRqR1dYYnZyaEdPUDdQYWdScDI2RE9aMUk0ZFczSWhsMC1sQktGWkZwRkdTZGU1T1hhbDZ2elVpNW1iUGg3VHhOV2N5ZTF6bVRCUC1CYzhWMGdDdUE3eTJ6dndKcjJfblBhTFduRjR3T09Wc2ZJRS1NQ3FhMDd4Y0gxbWc?oc=5) · herald-dispatch.com
- 2020-11-17 [UPDATE: Deputies, FBI ask for tips to Crime Stoppers on Salem West Virginia bank robbery - WV News](https://news.google.com/rss/articles/CBMigAJBVV95cUxPREl5SXlvZ1hCV0ZxSUNOZXJIMVF3UV9MMDNmeUY3ZXAybnNXdTJfQjFJN0hyTWtfSUJxTjZNdUVhVTZSUC1OcExUN09pSGNTLUcwTkJyT2NCSUVCaTJmNDgtYWdSVUZQUVZOZVFhbFhDWEp0c0laMWFMZ0RMc0ZkV3RxS19oZmp2dHBlcUdQVDZMSThMci1ud1EzbVR4M0RsN0hWZXBVZk4zZks2YXhGeWlzWUVIcHFwZ3hxTV9UMlE5X2Q4WDdZMVZCQUNNcEJUakNjZWpKaFAwdjdqMDhvekpUdG4yMjkxZG1FbEN4SEctYVMxUjk1RmRPdHNXSjQ2?oc=5) · WV News
- 2023-08-24 [Summit Financial to merge with Virginia-based company - herald-dispatch.com](https://news.google.com/rss/articles/CBMi3AFBVV95cUxPajZ0bjF0eXgtdXlfeGxBVkZCZW1mY1p0R090RDBTRVNScjRsUkZEUnhMN0tUcmtaRjlILUhpXzBRX184eWlYMTY3UndGczBzLWFZVExtZVFfTGt0U3ItRjBoVnp0R2dESWtXY1hKQUU2dW9GcHlTMXZucGZDck92a0UwNmZrTVBMOW5RUzJjeVpLd2FYVl9OMGVZbFJBN3UzQzREdFk5Z0JnSUNtWU96SHctVGZ4eVJiM3dTZ3RVcG4wVGh0OExLZWlVM3V4QXRUMnJBUmsycnVUR3lN?oc=5) · herald-dispatch.com
- 2018-03-10 [Petra Sambaer Obituary - East Lansing, MI - Dignity Memorial](https://news.google.com/rss/articles/CBMihwFBVV95cUxOTi1UQ1VHQVZpdG5kXzFERlpSS0FRSmpHczVFLTc4cWdLZlhMMXVXWGk1N2x5SW5ka2dJSy1BYnF0NnFPTU82TUREYWZBT3NhdXdDQV9FUGlSclZCaU1INTFqRXltQkdGenNfSUkwOE9wRTEzeWVtWlZmb2FDQVVZUHVpMUhyalk?oc=5) · Dignity Memorial
- 2020-02-26 [Augusta County Clerk’s Office adds new staff members - Augusta Free Press](https://news.google.com/rss/articles/CBMijwFBVV95cUxQR3NvS09XWjF4RDd6eEFEN0dOdHNBdjIxWGFPS013S3F6VWtKQjdnMGMycGxSS2FMcmVyNHBaR2pKMEtHTXVwM2JYUS1MZnlKcnVXNVlibl9pOVRoaGhkRlZSRGhHY2wyZWc5eHNPOVV2YXNsWk1kblZUbW5VeFhCUXNkUVpWRXNPVUdrSWhISQ?oc=5) · Augusta Free Press
- 2020-06-21 [Summit Community Bank coming to Huntington - herald-dispatch.com](https://news.google.com/rss/articles/CBMizgFBVV95cUxNRGZOcnQ0TFhKYnQtMV9LSzJzbkJjdTdCdlNtSDlhYmM0UHQ0Y0NSZURUWklXbVVLbktLb0FWSW1zOF9LWEY5NTNUdVBBQ3ZlTk9lLUlGdHJKb1BQM0owM3BuODZBeVdCb1dhY0t5U0VpNXBZZk5ZaUZLUHZuT2xwdVpTd3BhMGM0aE5hQ2xLd3phaGFtaWQ4VHRvWENaSTRvTjBGR0puRUxqRm04Sm8yczFNNDctVFJ3NnUwN2liV3h0NktYcndiTUZHQkFzQQ?oc=5) · herald-dispatch.com
- 2022-12-19 [Housing market improvement expected next year; interest rates dropping off in West Virginia - WV News](https://news.google.com/rss/articles/CBMijgJBVV95cUxOVHhBM0R1MU1EcjZqWDVvM3ZPTV83X3k3VHJVdkRtUHVPV0E2eWtWem5Zem1OMVBZUWQzSzBuN0dRZTM1ZGxJMkIyUHcwMEtaaW96VmhKTWhnVnZaa0xrQ3ZMNFVrTUFZMW1mMkFOcnRQUWtia3F3ZkhyYWFQd2k2WTRkN3drd29SUEt6cHB5dXg1X21TOTdGZnF3bS1OQUJkaUJPMXFVTkphSlBCZkVCcWZRZGJxaEdNYUxaMVdHMjJ5MUtBR1pOYlpMb1BBTUpzc29FV3R3QjQxYUF6RW4zamtNWmFUb3ZuMTdBZElRdUtzUFhDLU1UcFpOTDB6RUJjR2RfTUpSMS14X01HUlE?oc=5) · WV News
- 2024-07-15 [America's Best Banks in Each State 2024, Best State-wise Banks in US - Jagran Josh](https://news.google.com/rss/articles/CBMilgFBVV95cUxPNjA2VmNLUmlSUVpZMmw1TE1kNjJKZlowR3pWVURCY0ZUZ3VMeWhhOWozWWt6c1JuQl8yM1A3WGMzZVZYSmhTX0hnZTlDbVFNcGh0NU9NaTM5cDJTQmhjT2U3R2l6M1hqRkxLQzFoc0ZoWWZ1YlRjaVUwdEhzRjZwTzhZNGthVDBvTDJxU3A3XzRyNmk5VXc?oc=5) · Jagran Josh

## How to verify

- Page: https://getbookiq.com/bank-desk/#bank=57401 (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/57.json (key "57401", 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.

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