Summit Bancshares Inc. (SMAL) news stock charts
Summit Bancshares Inc. (SMAL/SMAL.OB) Investment Summary:
Summit Bancshares, Inc. operates as the holding company for Summit Bank, which provides community banking services. Its community banking services include accepting deposits, providing loans and lines of credit to local individuals and businesses, and investing in investment securities and money market instruments. The bank also offers various checking and savings accounts for both personal and business purposes, time certificates of deposit, cashier’s checks, money orders, travelers checks, safe deposit boxes, installment collection services, night depository, depository pickup and courier services, telephone transfers, collection services for notes, and individual retirement and business p...SUMMIT BANCSHARES INC (SMAL:OTC Bulletin Board Market)
Snapshot of SUMMIT BANCSHARES INC (SMAL)
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OPEN
$9.50
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PREVIOUS CLOSE
$9.50
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DAY HIGH
$9.50
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DAY LOW
$9.50
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52 WEEK HIGH
06/22/09 - $10.01
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52 WEEK LOW
03/24/09 - $7.25
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MARKET CAP
17.3M
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AVERAGE VOLUME 10 D
75.0
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EPS TTM
--
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SHARES OUTSTANDING
1.8M
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EX-DATE
01/7/09
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P/E TTM
--
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DIVIDEND
--
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DIVIDEND YIELD
0.00%
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| K = Thousands M = Millions B = Billions | ||
Key developments for SUMMIT BANCSHARES INC (SMAL)
Summit Bancshares Inc. announced that Mr. James Jackson will be the new Vice President and Branch Manager for the Walnut Creek Branch of Summit Bank. Mr. Jackson has over forty (40) years in senior positions with a diversified background in lending from leading financial institutions that include large national banks, as well as community banks and a nationwide life insurance company. Most recently he was with the Bank of Walnut Creek. He brings with him strong communications skills, proven organizational abilities, and goal-achieving performance in marketing and business development to assist the growth of Summit Bank.
Summit Bancshares Inc. and Summit Bank announced that Frederick T. Caven, Jr. has been appointed to the Board of Directors. Mr. Caven has approximately ten years of experience on Wall Street as a Managing Director where he specialized in real estate investment banking. Prior to investment banking, Mr. Caven worked for over thirteen years in public accounting as a tax specialist. He currently is an independent consultant advising public and private real estate companies on strategy, mergers and acquisitions, debt restructurings, and capital transactions. He is a former member of the Advisory Board to the Fisher Center for Urban Economics and Real Estate, University of California, Berkeley and is a current member of the Advisory Board to the School of Accounting at Golden Gate University.
Summit Bancshares Inc. reported consolidated earnings results for the year ended December 31, 2008. For the year, the company's net income decreased to $2,088,000 or $1.61 per share compared to $3,685,000 or $2.37 per share for the same period in 2007. On an annualized basis, return on average assets for the year ending December 31, 2008 was 1.14% and return on beginning capital was 9.86%, compared to the ROA of 1.96% and the ROE of 17.11% for the same period last year.
Summit Bancshares Inc. financial resources
SMAL Competitors
| Company | Last | Change | |
| No competitor information is available for SMAL. | |||
| Market data is delayed at least 15 minutes. | |||
Industry Analysis
| Valuation | SMAL | Industry Range |
| Price/Earnings | 9.6x |
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| Price/Sales | 2.3x |
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| Price/Book | 0.9x |
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| Price/Cash Flow | 64.6x |
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| TEV/Sales | 9.6x |
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SMAL |
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SMAL transactions
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Target | |
| No transactions in the last 6 months. | ||
More Recent Financial News About Summit Bancshares Inc.
Summit Bancshares, Inc. Announces a New Director for the Board of Directors
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Summit Bancshares, Inc. Announces a New Director for the Board of Directors
Read article
Summit Bank Announces a New Vice President and Branch Manager for the Walnut Creek Branch
Read article