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Summit State Bank

Summit State Bank

SSBI · NASDAQ · Financial Services / Banks - Regional

11.76USD-0.25 (-2.08%)

Price History

Full chart

Market Stats

Previous Close12.01
Open11.51
Day Range11.51 – 11.76
52-Week Range10.35 – 14.00
Volume1.10K
Market Cap84.14M
P/E (TTM)37.68
Forward P/E23.87
EPS0.33
Dividend Yield0.00%
Beta0.20
50-Day Avg12.86
200-Day Avg13.09

About

Summit State Bank provides various banking products and services to individuals and businesses primarily in Sonoma County, California. It offers personal and business checking, money market, sweep, savings, and demand accounts; time certificates of deposit; and specialized deposit accounts, including professional, small business packaged, tiered, and retirement plan accounts. The company also provides loans, including commercial loans and leases; lines of credit; commercial real estate, small business administration, residential mortgage, and construction loans; home equity lines of credit; and term and equipment loans, as well as loans to agriculture-related businesses. In addition, the company offers Internet and telephone banking; and other services, such as banking by appointment, online banking, direct payroll and social security deposits, letters of credit, access to national automated teller machine networks, courier, safe deposit boxes, night depository facilities, notary, travelers checks, lockbox, and banking by mail. Further, it provides electronic banking, cash management, and electronic bill payment services. Summit State Bank was incorporated in 1982 and is headquartered in Santa Rosa, California.

Company Details

  • SectorFinancial Services
  • IndustryBanks - Regional
  • CEOMr. Brian J. Reed
  • Employees103
  • Headquarters500 Bicentennial Way, Santa Rosa, CA, United States, 95403, USA
  • Websitehttps://summitstatebank.com

Leadership

  • Mr. Brian J. ReedPresident, CEO & Director · b. 1959
  • Ms. Genie M. Del SeccoExecutive VP & COO · b. 1969
  • Ms. Brandy A. Lee SeppiExecutive VP & Chief Banking Officer · b. 1975
  • Ms. Camille D. KazarianExecutive VP & CFO · b. 1979
  • Ms. Elaina HuntVice President of Marketing & Community Relations
  • Mr. Wayne HofferSenior Vice President
  • Ms. Karen Holloway CPASenior Vice President
  • Mr. John OsborneSenior VP & Senior Relationship Manager
  • Mr. Michael J. FloydExecutive VP & Chief Credit Officer · b. 1962
  • Ms. Janet ConnorsSenior VP & Senior Relationship Manager

Financials

Income Statement

Currency: USD2002-12-312003-12-312004-12-312005-12-312006-12-312007-12-312008-12-312009-12-312010-12-312011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Total Revenue625.00K851.00K5.26M18.53M21.77M23.95M22.71M21.77M20.17M20.60M20.41M19.51M19.93M21.22M21.93M22.43M27.88M32.47M40.58M46.43M56.16M65.06M62.03M58.82M
Growth (%)-+36.16%+518.57%+251.94%+17.54%+9.99%-5.19%-4.14%-7.33%+2.14%-0.93%-4.43%+2.15%+6.47%+3.35%+2.28%+24.31%+16.45%+24.99%+14.41%+20.96%+15.85%-4.66%-5.17%
Cost of Revenue360.00K360.00K3.93M6.73M9.68M12.65M9.90M9.21M7.41M6.58M5.39M1.32M-384.00K136.00K1.23M2.66M4.48M7.72M8.26M5.66M9.07M25.05M37.22M26.01M
Gross Profit265.00K491.00K1.34M11.80M12.10M11.30M12.81M12.56M12.76M14.03M15.02M18.18M20.31M21.08M20.69M19.77M23.40M24.74M32.31M40.77M47.09M40.01M24.81M32.81M
Gross Margin42.40%57.70%25.42%63.70%55.56%47.17%56.42%57.69%63.25%68.07%73.60%93.21%101.93%99.36%94.37%88.14%83.93%76.21%79.63%87.81%83.85%61.49%39.99%55.78%
Operating Expense-3.50M-3.19M-3.20M6.48M7.24M7.99M11.10M9.02M9.58M10.23M9.16M10.83M10.98M10.82M12.24M13.85M15.36M15.87M17.38M19.89M23.22M24.73M29.20M23.84M
Operating Income3.76M3.68M4.53M5.32M4.86M3.31M1.72M3.54M3.18M3.79M5.87M7.35M9.33M10.26M8.45M5.92M8.04M8.88M14.94M20.88M23.87M15.28M-4.39M8.96M
Operating Margin601.60%432.90%86.13%28.72%22.32%13.80%7.56%16.28%15.78%18.40%28.74%37.68%46.82%48.35%38.53%26.40%28.85%27.34%36.81%44.97%42.51%23.49%-7.07%15.24%
EBITDA3.76M4.07M5.04M5.95M5.57M4.13M2.61M4.35M3.95M4.87M6.58M7.97M9.76M10.65M8.76M6.26M8.39M9.37M15.37M21.29M24.26M15.67M-4.00M9.34M
EBITDA Margin601.60%478.73%95.84%32.13%25.59%17.22%11.48%19.99%19.58%23.64%32.21%40.84%48.95%50.19%39.95%27.92%30.09%28.87%37.88%45.85%43.20%24.08%-6.44%15.88%
Net Income2.16M2.17M2.67M3.13M2.81M1.94M1.01M2.08M1.81M2.23M3.45M4.32M5.49M6.03M4.97M3.29M5.83M6.48M10.52M14.70M16.97M10.82M-4.19M6.80M
Net Income Margin345.44%254.52%50.68%16.90%12.90%8.11%4.44%9.56%8.96%10.81%16.89%22.15%27.52%28.42%22.65%14.68%20.90%19.95%25.92%31.66%30.22%16.63%-6.76%11.55%
Interest Expense7.57M03.48M6.28M9.42M11.90M9.21M5.56M3.55M2.93M2.03M1.27M1.02M936.00K1.23M2.14M3.95M7.03M6.16M4.37M6.53M24.78M29.29M23.48M
Interest Expense % of Total Revenue1211.04%0.00%66.15%33.91%43.27%49.70%40.56%25.54%17.61%14.21%9.94%6.54%5.10%4.41%5.63%9.55%14.17%21.64%15.19%9.41%11.63%38.09%47.21%39.92%

Balance Sheet

Currency: USD2002-12-312003-12-312004-12-312005-12-312006-12-312007-12-312008-12-312009-12-312010-12-312011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Total Assets219.67M232.89M247.77M345.74M312.95M340.19M364.58M340.40M347.93M387.63M444.90M454.07M459.68M513.37M513.70M610.86M622.10M695.98M865.85M958.08M1.12B1.12B1.07B1.00B
Total Liabilities197.34M209.11M222.39M318.70M265.14M292.48M309.03M284.89M292.62M326.62M382.03M392.44M392.10M456.04M455.08M551.19M560.58M628.63M790.23M873.80M1.03B1.02B975.37M903.41M
Total Equity22.32M23.78M25.39M27.04M47.81M47.72M55.55M55.51M55.31M61.01M62.87M61.63M67.58M57.33M58.62M59.68M61.52M67.34M75.63M84.28M88.55M97.68M91.72M101.17M
Cash---3.82M10.61M5.78M3.65M2.93M4.54M8.29M22.96M18.11M22.55M16.33M24.48M68.81M21.69M38.30M30.83M40.70M77.57M57.79M51.40M65.52M
Total Debt20.08M25.86M32.20M15.38M62.92M85.20M55.42M20.12M12.00M13.75M40.00M48.50M35.00M55.80M68.90M15.00M56.80M51.46M59.38M54.39M46.91M5.92M5.93M5.95M
Net Debt20.08M25.86M32.20M11.55M52.31M79.42M51.77M17.19M7.46M5.46M17.04M30.39M12.45M39.47M44.42M-53.81M35.11M13.16M28.55M13.69M-30.66M-51.87M-45.47M-59.58M

Cash Flow

Currency: USD2003-12-312004-12-312005-12-312006-12-312007-12-312008-12-312009-12-312010-12-312011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Operating Cash Flow2.05M4.32M4.87M1.94M3.48M5.66M4.95M6.33M6.80M8.53M6.38M4.86M4.52M5.22M4.24M3.75M4.14M3.72M52.02M13.72M-2.38M5.85M6.59M
Investing Cash Flow-12.61M-22.89M-46.36M-22.29M-26.01M-38.15M20.24M-2.25M-47.39M-49.81M-16.91M4.07M-56.93M5.62M-52.39M-59.55M-51.94M-168.65M-119.50M-117.18M-20.18M36.79M78.98M
Financing Cash Flow11.15M12.36M93.79M-34.60M24.56M23.34M-25.91M5.47M36.40M52.97M6.68M-1.75M46.69M-2.20M92.73M6.68M64.41M157.46M77.35M140.33M2.79M-49.03M-71.45M
Capital Expenditure1.56M922.00K733.63K234.00K1.14M253.00K759.00K349.00K190.00K139.00K962.00K723.00K85.00K227.00K205.00K870.00K996.00K126.00K91.00K175.00K240.00K231.00K47.00K
Free Cash Flow490.00K3.40M4.14M1.94M2.34M5.41M4.19M5.98M6.61M8.39M5.42M4.14M4.43M5.00M4.04M2.88M3.14M3.59M51.93M13.54M-2.62M5.62M6.55M
Dividends Paid1.01M1.01M1.21M1.47M1.74M1.71M2.10M2.13M2.29M2.23M2.25M2.24M2.39M2.31M2.75M2.91M2.91M2.91M2.99M3.23M3.25M1.90M0
FCF to OCF23.90%78.65%84.93%100.00%67.19%95.53%84.65%94.49%97.21%98.37%84.91%85.14%98.12%95.65%95.17%76.78%75.92%96.61%99.83%98.72%110.08%96.05%99.29%
Dividend Paid to FCF206.12%29.67%29.26%75.61%74.58%31.57%50.08%35.67%34.71%26.56%41.64%54.12%53.81%46.15%68.14%101.25%92.77%81.10%5.76%23.82%-124.08%33.72%0.00%

Earnings

Report DateSep 21, 2006Nov 13, 2006Jan 30, 2007Apr 30, 2007Jul 30, 2007Oct 30, 2007Jan 30, 2008Apr 28, 2008Jul 28, 2008Oct 27, 2008Jan 26, 2009Apr 27, 2009Jul 27, 2009Oct 26, 2009Jan 26, 2010Apr 29, 2010Jul 29, 2010Oct 28, 2010Jan 27, 2011Apr 28, 2011Jul 28, 2011Oct 27, 2011Jan 26, 2012May 1, 2012Jul 30, 2012Oct 29, 2012Jan 28, 2013Apr 29, 2013Jul 29, 2013Oct 31, 2013Jan 27, 2014Jun 30, 2014Sep 30, 2014Dec 31, 2014Mar 31, 2015Jun 30, 2015Sep 30, 2015Oct 22, 2015Jan 26, 2016Apr 26, 2016Jul 26, 2016Oct 25, 2016Jan 25, 2017Apr 25, 2017Jul 24, 2017Oct 24, 2017Jan 23, 2018Apr 24, 2018Jul 23, 2018Oct 23, 2018Jan 29, 2019Apr 30, 2019Jul 23, 2019Oct 22, 2019Jan 28, 2020Apr 27, 2020Jul 27, 2020Oct 28, 2020Jan 26, 2021Apr 27, 2021Jul 27, 2021Oct 27, 2021Jan 25, 2022Apr 26, 2022Jul 26, 2022Oct 26, 2022Jan 24, 2023Apr 25, 2023Jul 25, 2023Oct 25, 2023Jan 30, 2024Apr 30, 2024Jul 31, 2024Oct 30, 2024Jan 28, 2025Apr 29, 2025Jul 29, 2025Oct 28, 2025Jan 26, 2026Apr 27, 2026Jul 28, 2026Nov 4, 2026
EPS Estimate-0.170.120.110.100.080.080.080.070.100.120.100.090.110.070.040.070.070.070.050.070.080.090.050.070.080.090.120.120.120.15-------------------------------0.00-------------------
EPS Actual0.150.120.090.090.060.070.070.080.090.120.130.120.090.010.040.060.060.030.040.040.100.030.060.070.100.140.150.130.150.170.170.190.170.270.250.250.190.190.200.190.180.170.130.150.150.170.130.290.240.250.180.230.190.340.300.400.370.490.480.550.640.570.550.590.670.590.680.620.450.270.280.210.140.09-0.980.370.360.120.160.25-0.19-
Surprise--29.41%-25.00%-18.18%-40.00%-12.50%-12.50%0.00%28.57%20.00%8.33%20.00%0.00%-90.91%-42.86%50.00%-14.29%-57.14%-42.86%-20.00%42.86%-62.50%-33.33%40.00%42.86%75.00%66.67%8.33%25.00%41.67%13.33%---------------------------------------------------
Timing-After-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursPre-marketAfter-hoursAfter-hoursAfter-hoursAfter-hours-------After-hoursAfter-hoursAfter-hours--------Pre-marketPre-marketPre-marketPre-marketPre-marketAfter-hoursPre-marketAfter-hoursPre-marketPre-marketPre-marketAfter-hoursPre-marketAfter-hours------------Pre-marketAfter-hoursPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketAfter-hoursPre-marketAfter-hoursPre-marketAfter-hoursPre-marketPre-marketPre-market--

Key Statistics & Ratios

Market Cap84.14M
Enterprise Value-21.32M
Trailing P/E37.68
Forward P/E23.87
PEG Ratio0.00
Price / Sales3.08
Price / Book0.82
EPS0.33
Book Value14.98
Revenue (TTM)27.28M
Gross Profit (TTM)27.28M
Profit Margin8.25%
Operating Margin-44.57%
Return on Equity2.26%
Return on Assets0.23%
Shares Outstanding6.77M
Shares Float5.89M
Beta0.20
Dividend Yield0.00%
Dividend Rate0.00
Payout Ratio0.00%

Ownership Breakdown

Institutions
31.83%
Insiders
32.12%
Retail / Other
36.05%

Top Institutional Holders

  • AllianceBernstein L.P.
    443.94K6.56%
  • M3F, Inc.
    354.23K5.24%
  • CALDWELL SUTTER CAPITAL INC
    349.28K5.16%
  • Vanguard Capital Management, LLC
    229.33K3.39%
  • Banc Funds Co LLC
    199.23K2.94%
  • Mccormack Advisors International
    90.63K1.34%
  • SALZHAUER MICHAEL
    72.58K1.07%
  • Dimensional Fund Advisors, Inc.
    69.62K1.03%
  • Geode Capital Management, LLC
    52.10K0.77%
  • Bridgeway Capital Management, LLC
    28.82K0.43%
  • Vanguard Fiduciary Trust Co
    26.40K0.39%
  • Susquehanna International Group, LLP
    20.56K0.30%
  • Stifel Financial Corp
    16.22K0.24%
  • Northern Trust Corp
    14.95K0.22%

Top Fund Holders

  • British Smaller Companies VCT Ord
    1.33M19.73%
  • Vanguard MStar Total Stk Mkt Idx Invest
    178.01K2.63%
  • Fidelity Extended Market Index
    22.05K0.33%
  • Bridgeway Omni Small-Cap Value N
    21.00K0.31%
  • iShares Micro-Cap ETF
    17.39K0.26%
  • DFA US Core Equity 2 I
    14.81K0.22%

Dividends

20243×
0.04Oct 3, 20240.12May 15, 20240.12Feb 7, 2024
20234×
0.12Nov 8, 20230.12Aug 9, 20230.12May 10, 20230.12Feb 8, 2023
20224×
0.12Nov 9, 20220.12Aug 10, 20220.12May 11, 20220.12Feb 9, 2022
20214×
0.12Nov 9, 20210.11Aug 12, 20210.11May 13, 20210.11Feb 11, 2021
20204×
0.11Nov 12, 20200.11Aug 13, 20200.11May 14, 20200.11Feb 13, 2020
20194×
0.11Nov 14, 20190.11Aug 15, 20190.11May 16, 20190.11Feb 15, 2019
20181×
0.11Nov 19, 2018

Stock Splits

  • Oct 28, 202111:10
  • Mar 15, 2017125:100