Summit Community Bank, Inc
FDIC #34102
📍 Moorefield, West Virginia
Summit Community Bank, Inc is a commercial bank, state charter and fed nonmember, supervised by the fdic. established in December 11, 1995. With assets of $4.58 Billion, it operates 0 domestic branches.
Customer Reviews
N/A ★
Based on 0 ratings
Write a Review
Reviews are moderated before posting. No profanity or personal attacks.
No reviews yet.
Community Reinvestment Act (CRA) Rating
Latest Exam: September 1, 2022
What is CRA? The Community Reinvestment Act (CRA) is a federal law that encourages banks to help meet the credit needs of the communities in which they operate, including low- and moderate-income neighborhoods.
Rating History
September 1, 2022
Satisfactory
March 1, 2020
Satisfactory
July 1, 2017
Satisfactory
💰 Financial Strength
Total Assets$4.58 Billion
Total Deposits$3.76 Billion
Equity Capital$507.57 Million
Net Income$42.97 Million
📈 Performance
ROA1.35%
ROE11.96%
Financial Terms:
ROA (Return on Assets): Measures profitability relative to size. 1.0%+ is good.
ROE (Return on Equity): Measures profitability for shareholders. 10%+ is strong.
ROA (Return on Assets): Measures profitability relative to size. 1.0%+ is good.
ROE (Return on Equity): Measures profitability for shareholders. 10%+ is strong.
📋 Corporate Structure
EstablishedDecember 11, 1995
FDIC Cert34102
Holding CoSummit Financial Group Inc
Parent CertNA - Not listed as a child of a larger bank.
Last ChangeJanuary 10, 2024
Foreign Offices0
SAIF InsuredNo
State CharteredYes
📜 Institutional History
2023
Merger / Acquisition
Acquired: Provident State Bank, Inc.
2021
Merger / Acquisition
Acquired: Winfirst Bank
2020
Merger / Acquisition
Acquired: Cornerstone Bank, Inc.
2019
Merger / Acquisition
Acquired: First Peoples Bank, Inc.
2018
Name Change
Name became: Changed Institution Name To Summit Community Bank, Inc.