Summit Community Bank Mortgage Rates, Fees & Info

Moorefield, WV

LEI: Z867SNMO7WGY8TTGQG78

Tax ID: 55-0744997

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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  • SimulatedRates™
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    • Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Similar Lenders
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Bank Data

  • Branches
  • Income
  • Loan Types
  • Deposit Mix
  • Loan Performance
  • Assets
  • Business Loans

    • Review & Overview

    Summit Community Bank is a smaller bank specializing in Home Purchase and Refi loans. Summit Community Bank has a high proportion of conventional loans. Their top markets by origination volume include: Charleston, Wheeling, Washington, Hagerstown, and Winchester among others. We have data for 33 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Summit Community Bank has an average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. Summit Community Bank is typically a low fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have relatively high rates.

    We show data for every lender and do not change our ratings-- even if an organization is a paid advertiser. Our consensus data does have lag, but it is highly correlated to a lender's rates & fees relative to their markets. This means that if a bank is a low fee/rate lender the past-- chances are they are still one today. Our SimulatedRates™ use advanced statistical techniques to forecast different rates based on a lender's historical data.

    Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

    Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.

    SimulatedRates™

    Mortgage Type     		Simulated Rate Simulation Date
    Home Equity Line of Credit (HELOC) 6.86% 4/21/24
    30 Year Conventional Purchase 7.04% 4/21/24
    30 Year Conventional Refi 6.85% 4/21/24
    30 Year Cash-out Refi 6.63% 4/21/24
    15 Year Conventional Purchase 7.63% 4/21/24
    15 Year Conventional Refi 6.97% 4/21/24
    15 Year Cash-out Refi 6.97% 4/21/24
    These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates.

    Summit Community Bank Mortgage Calculator






    Your Estimates

    Estimated Loan Payment: Update the calculator values and click calculate payment!

    This is not an official calculator from Summit Community Bank. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

    The default purchase price is the median sales price across the US for 2022Q4, per FRED.


    Originations

    707

    Origination Dollar Volume (All Markets)

    $138,085,000

    Employee count

    335

    Top Markets

    Zoom/scroll map to see bank's per metro statistics. Subscribers can configure state/metro/county granularity, assorted fields and quantity of results. This map shows top 10 markets in the map viewport, as defined by descending origination volume.

    Market Originations Total Value Average Loan Average Fees Average Rate
    Outside of Metro Areas 279 $34,465,000 $123,530 $2,718 5.96%
    CHARLESTON, WV (FHA|USDA|VA) 78 $18,780,000 $240,769 $3,521 5.53%
    WHEELING, WV-OH (FHA|USDA|VA) 1 $14,475,000 $14,475,000 $0 5.44%
    Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 48 $9,670,000 $201,458 $4,416 5.35%
    HAGERSTOWN-MARTINSBURG, MD-WV (FHA|USDA|VA) 30 $8,940,000 $298,000 $3,417 5.83%
    WINCHESTER, VA-WV (FHA|USDA|VA) 44 $7,140,000 $162,273 $3,004 5.59%
    HARRISONBURG, VA (FHA|USDA|VA) 32 $6,920,000 $216,250 $2,907 5.29%
    BLACKSBURG-CHRISTIANSBURG, VA (FHA|USDA|VA) 18 $6,390,000 $355,000 $2,601 4.71%
    Bluefield, WV-VA (FHA|USDA|VA) 69 $5,305,000 $76,884 $2,883 5.87%
    HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) 2 $4,540,000 $2,270,000 $3,736 5.46%
    HUNTINGTON-ASHLAND, WV-KY-OH (FHA|USDA|VA) 20 $4,010,000 $200,500 $3,347 5.54%
    STAUNTON, VA (FHA|USDA|VA) 22 $3,620,000 $164,545 $2,732 5.72%
    TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 2 $2,760,000 $1,380,000 $0 5.50%
    BECKLEY, WV (FHA|USDA|VA) 23 $1,975,000 $85,870 $2,473 6.07%
    CHARLOTTESVILLE, VA (FHA|USDA|VA) 2 $1,570,000 $785,000 $0 5.23%
    CUMBERLAND, MD-WV (FHA|USDA|VA) 8 $1,470,000 $183,750 $3,171 6.06%
    CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) 1 $1,005,000 $1,005,000 $0 4.79%
    ROANOKE, VA (FHA|USDA|VA) 4 $720,000 $180,000 $0 5.77%
    Point Pleasant, WV-OH (FHA|USDA|VA) 1 $695,000 $695,000 $11,257 5.50%
    New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 2 $690,000 $345,000 $0 5.25%
    MORGANTOWN, WV (FHA|USDA|VA) 5 $565,000 $113,000 $0 5.12%
    Bozeman, MT (FHA|USDA|VA) 1 $555,000 $555,000 $2,816 5.50%
    Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 1 $485,000 $485,000 $5,452 5.22%
    MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) 2 $300,000 $150,000 $4,161 5.48%
    LYNCHBURG, VA (FHA|USDA|VA) 2 $210,000 $105,000 $4,503 6.49%
    BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) 2 $170,000 $85,000 $0 5.79%
    Mount Gay-Shamrock, WV (FHA|USDA|VA) 2 $160,000 $80,000 $3,372 6.28%
    Sevierville, TN (FHA|USDA|VA) 1 $125,000 $125,000 $0 6.94%
    Fairmont, WV (FHA|USDA|VA) 1 $105,000 $105,000 $3,123 5.13%
    KINGSPORT-BRISTOL, TN-VA (FHA|USDA|VA) 1 $95,000 $95,000 $0 4.50%
    HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 1 $65,000 $65,000 $0 0.00%
    RICHMOND, VA (FHA|USDA|VA) 1 $55,000 $55,000 $0 0.00%
    CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 1 $55,000 $55,000 $0 0.00%
    Summit Community Bank's top markets include Charleston, Wheeling, Washington, Hagerstown, and Winchester among others.

    Their top states include:
  • West Virginia (FHA|USDA|VA)
  • Virginia (FHA|USDA|VA)
  • South Carolina (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Maryland (FHA|USDA|VA)

    • Similar Lenders

    We use machine learning to identify the top lenders compared against Summit Community Bank based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    Town Square Bank
    Similarity Rank: 30
    PARK VIEW FEDERAL CREDIT UNION
    Similarity Rank: 84
    DUPONT COMMUNITY
    Similarity Rank: 99
    MCNB Bank and Trust Co.
    Similarity Rank: 176
    The Poca Valley Bank, Inc.
    Similarity Rank: 203
    DESCO
    Similarity Rank: 216
    First Community Bank
    Similarity Rank: 259
    F & M BANK CORP.
    Similarity Rank: 338
    Bank of Clarke County
    Similarity Rank: 340
    Shea Mortgage Inc.
    Similarity Rank: 360

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 457 $119,205,000 $260,842 $2,991 5.70%
    HELOC 250 $18,880,000 $75,520 n/a 6.09%

    For 2018, Summit Community Bank's most frequently originated type of loan was Conventional, with 457 originations. Their 2nd most popular type was HELOC, with 250 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 310 $77,540,000 $250,129 $3,053 5.79%
    Refi 162 $42,780,000 $264,074 $2,766 5.71%
    Home Improvement 118 $6,660,000 $56,441 $0 6.63%
    Other 80 $6,070,000 $75,875 $3,238 5.86%
    Cash Out Refi 37 $5,035,000 $136,081 $3,212 4.83%

    For 2018, Summit Community Bank's most frequently cited loan purpose was Home Purchase, with 310 originations. The 2nd most popular reason was Refi, with 162 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30+ year 289 $25,015,000 $86,557 $3,758 5.71%
    30 Year 154 $43,940,000 $285,325 $2,958 5.39%
    20 Year 92 $29,720,000 $323,043 $2,877 6.02%
    Other 63 $23,125,000 $367,063 $2,484 5.88%
    15 Year 57 $6,485,000 $113,772 $2,803 5.90%
    10 Year 18 $1,060,000 $58,889 $2,305 6.57%
    3 Year 14 $2,780,000 $198,571 $0 4.54%
    1 Year 13 $2,645,000 $203,462 $0 5.38%
    5 Year 7 $3,315,000 $473,571 $0 6.85%

    For 2018, Summit Community Bank's most frequently cited loan duration was 30+ year, with 289 originations. The 2nd most popular length was 30 Year, with 154 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 157 $24,105,000 $153,535
    $1k-2k 127 $21,165,000 $166,654
    $2k-3k 9 $2,375,000 $263,889
    $5k+ 4 $1,870,000 $467,500
    $3k-4k 2 $470,000 $235,000
    $4k-5k 1 $325,000 $325,000

    Summit Community Bank's average total fees were $2,958, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 157 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    5-6% 179 $70,085,000 $391,536
    6-7% 134 $18,470,000 $137,836
    4-5% 127 $32,705,000 $257,520
    7-8% 27 $1,725,000 $63,889
    3-4% 7 $1,255,000 $179,286
    Over 8% 6 $180,000 $30,000

    During 2018, Summit Community Bank's average interest rate for loans was 5.39%, while their most frequently originated rate bucket for loans was 5-6%, with 179 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 358 $18,890,000 $52,765 $2,499 6.20%
    $100k-200k 180 $24,650,000 $136,944 $2,899 5.55%
    $200k-400k 123 $32,335,000 $262,886 $3,438 5.34%
    $400k-600k 18 $8,120,000 $451,111 $3,781 5.47%
    $1MM+ 15 $43,905,000 $2,927,000 $5,317 5.21%
    $600k-1MM 13 $10,185,000 $783,462 $7,753 5.57%

    2018 saw Summit Community Bank place emphasis on $100,000 or less loans with 358 originations, totaling $18,890,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k or less 161 $12,205,000 $75,807 $2,612 6.18%
    $50k-75k 147 $13,595,000 $92,483 $2,771 5.73%
    $100k-150k 84 $12,410,000 $147,738 $3,273 5.46%
    $75k-100k 77 $8,095,000 $105,130 $2,961 5.51%
    $150k-250k 57 $10,625,000 $186,404 $3,700 5.40%
    $250k+ 43 $15,925,000 $370,349 $4,716 5.43%

    Summit Community Bank lent most frequently to those with incomes in the $50k or less range, with 161 originations. The second most popular income band? $50k-75k, with 147 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 190 $21,150,000 $111,316 $2,849 5.73%
    30-36% 104 $13,550,000 $130,288 $3,242 5.65%
    <20% 91 $8,765,000 $96,319 $3,017 5.48%
    39% 29 $3,445,000 $118,793 $3,072 5.42%
    >60% 26 $10,360,000 $398,462 $3,166 5.87%
    40% 21 $2,575,000 $122,619 $2,734 5.81%
    36% 17 $1,375,000 $80,882 $2,592 6.30%
    50-60% 16 $2,090,000 $130,625 $2,638 5.95%
    38% 15 $1,135,000 $75,667 $2,694 5.75%
    37% 15 $1,555,000 $103,667 $3,393 6.07%
    42% 15 $2,595,000 $173,000 $2,975 5.70%
    41% 14 $1,790,000 $127,857 $3,212 5.86%
    44% 9 $1,545,000 $171,667 $3,038 6.07%
    43% 8 $880,000 $110,000 $3,326 5.74%
    46% 6 $2,790,000 $465,000 $3,269 5.29%
    47% 4 $390,000 $97,500 $3,305 5.77%
    45% 4 $890,000 $222,500 $3,231 5.55%
    49% 2 $140,000 $70,000 $2,032 6.75%
    48% 1 $35,000 $35,000 $0 0.00%

    Summit Community Bank lent most frequently to those with DTI ratios of 20-30%, with 190 originations. The next most common DTI ratio? 30-36%, with 104 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 558 $74,060,000 $132,724 $2,999 5.75%
    Not applicable 113 $58,915,000 $521,372 $0 5.65%
    Not provided 22 $2,270,000 $103,182 $3,278 5.44%
    Black 8 $1,670,000 $208,750 $2,628 5.67%
    Asian 5 $935,000 $187,000 $2,790 5.47%
    Other Asian 1 $235,000 $235,000 $2,136 4.25%

    Approval Rates

    Total approvals of all applications
    87.15%

    Summit Community Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    73.13%

    Summit Community Bank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    1047.56 1 $35,000 $35,000
    871.22 1 $15,000 $15,000
    NA 705 $138,035,000 $195,794

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Manufactured 4 $2,330,000 $582,500
    Multifamily:Site-Built 37 $45,615,000 $1,232,838
    Single Family (1-4 Units):Manufactured 69 $4,925,000 $71,377
    Single Family (1-4 Units):Site-Built 597 $85,215,000 $142,739

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 122 $10,790,000 $88,443 $2,592 6.06%
    40-60% 102 $19,840,000 $194,510 $2,899 5.72%
    60-80% 232 $61,940,000 $266,983 $2,937 5.67%
    80-100% 153 $39,645,000 $259,118 $3,173 5.68%
    Under 20% 97 $5,605,000 $57,784 $0 6.22%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Summit Community Bank, Inc 100 West Jubal Early Drive Winchester, VA 22601 Full Service B&M $101,022
    Summit Community Bank, Inc 108 Spruce Street Bluefield, VA 24605 Full Service B&M $24,030
    Summit Community Bank, Inc 1223 Stafford Drive Princeton, WV 24740 Full Service B&M $45,312
    Summit Community Bank, Inc 1321 Edwin Miller Blvd. Martinsburg, WV 25401 Full Service B&M $14,824
    Summit Community Bank, Inc 145 Springhaven Drive Princeton, WV 24740 Full Service B&M $20,957
    Summit Community Bank, Inc 182 Neff Avenue Harrisonburg, VA 22801 Full Service B&M $19,153
    Summit Community Bank, Inc 1826 Harper Road Beckley, WV 25801 Full Service B&M $6,808
    Summit Community Bank, Inc 195 West Main Strret Monterey, VA 24465 Full Service B&M $64,492
    Summit Community Bank, Inc 200 Peppers Ferry Road Wytheville, VA 24382 Full Service B&M $24,914
    Summit Community Bank, Inc 2020 College Avenue Bluefield, WV 24701 Full Service B&M $20,304
    Summit Community Bank, Inc 204 Catoctin Circle Se Leesburg, VA 20175 Full Service B&M $41,138
    Summit Community Bank, Inc 224 South Main Street Harrisonburg, VA 22801 Full Service B&M $53,148
    Summit Community Bank, Inc 23 Scenic Highway Churchville, VA 24421 Full Service B&M $9,367
    Summit Community Bank, Inc 2350 South Pleasant Valley Road Winchester, VA 22601 Full Service Retail $9,408
    Summit Community Bank, Inc 2402 Mountaineer Boulevard Charleston, WV 25309 Full Service B&M $68,107
    Summit Community Bank, Inc 251 West Lee Highway, Suite 730 Warrenton, VA 20186 Full Service B&M $25,127
    Summit Community Bank, Inc 28 Main Street Rainelle, WV 25962 Full Service B&M $42,106
    Summit Community Bank, Inc 300 North Main Street Moorefield, WV 26836 Full Service B&M $108,246
    Summit Community Bank, Inc 300 North Main Street Moorefield, WV 26836 Full Service Cyber Office $170,955
    Summit Community Bank, Inc 300 North Main Street Moorefield, WV 26836 Full Service Cyber Office $297,697
    Summit Community Bank, Inc 321 Temple Street Hinton, WV 25951 Full Service B&M $57,259
    Summit Community Bank, Inc 500 Federal Street Bluefield, WV 24701 Full Service B&M $84,781
    Summit Community Bank, Inc 525 Federal Street Bluefield, WV 24701 Limited, Drive-thru $0
    Summit Community Bank, Inc 59 Upper Cove Rd. Mathias, WV 26812 Full Service B&M $15,187
    Summit Community Bank, Inc 620 Virginia Street East Charleston, WV 25301 Full Service B&M $42,052
    Summit Community Bank, Inc 626 Main St. Franklin, WV 26807 Full Service B&M $34,445
    Summit Community Bank, Inc 807 Cook Parkway Oceana, WV 24870 Full Service B&M $42,835
    Summit Community Bank, Inc 90 South Grove Street Petersburg, WV 26847 Full Service B&M $118,208
    Summit Community Bank, Inc 910 Clay Street Rupert, WV 25984 Full Service B&M $18,174
    Summit Community Bank, Inc 9406 Sam Snead Highway Hot Springs, VA 24445 Full Service B&M $30,851
    Summit Community Bank, Inc State Route 10 Pineville, WV 24874 Full Service B&M $15,626
    Summit Community Bank, Inc U.S. 52 And State Route 94 Wytheville, VA 24382 Full Service B&M $15,957

    For 2018, Summit Community Bank had 32 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $95,382
    Net interest income $70,668
    Total noninterest income $11,732
    Gross Fiduciary activities income $2,105
    Service charges on deposit accounts $4,451
    Trading account gains and fees $0
    Additional Noninterest Income $5,176
    Pre-tax net operating income $35,739
    Securities gains (or losses, -) $622
    Income before extraordinary items $29,118
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $29,118
    Minority interest net income $0
    Net income $29,118
    Sale, conversion, retirement of capital stock, net $211
    Net operating income $28,620

    Summit Community Bank's gross interest income from loans was $95,382,000.
    Summit Community Bank's net interest income from loans was $70,668,000.
    Summit Community Bank's fee based income from loans was $4,451,000.
    Summit Community Bank's net income from loans was $29,118,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $24,714
    Provision for credit losses $2,250
    Total noninterest expense $44,411
    Salaries and employee benefits $22,534
    Premises and equipment expense $7,458
    Additional noninterest expense $14,419
    Applicable income taxes $7,243
    Net charge-offs $1,768
    Cash dividends $9,850

    Summit Community Bank's interest expense for loans was $24,714,000.
    Summit Community Bank's payroll and benefits expense were $22,534,000.
    Summit Community Bank's property, plant and equipment expenses $7,458,000.

    Loan Performance

    Type of Loan % of Loans Noncurrent (30+ days, end of period snapshot)
    All loans 0.0%
    Real Estate loans 0.0%
    Construction & Land Development loans 3.0%
    Nonfarm, nonresidential loans 0.0%
    Multifamily residential loans 0.0%
    1-4 family residential loans 1.0%
    HELOC loans 0.0%
    All other family 1.0%
    Commercial & industrial loans 0.0%
    Personal loans 0.0%
    Credit card loans 2.5%
    Other individual loans 0.0%
    Auto loans 0.0%
    Other consumer loans 0.0%
    Unsecured commercial real estate loans 0.0%

    Deposits

    Type Value (in 000's)
    Total deposits $1,638,587
    Deposits held in domestic offices $1,638,587
    Deposits by Individuals, partnerships, and corporations $1,559,365
    Deposits by U.S. Government $1
    Deposits by States and political subdivisions in the U.S. $67,197
    Deposits by Commercial banks and other depository institutions in U.S. $12,024
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $55,543
    Demand deposits $39,563
    Nontransaction accounts $1,583,044
    Money market deposit accounts (MMDAs) $693,594
    Other savings deposits (excluding MMDAs) $284,173
    Total time deposits $605,277
    Total time and savings deposits $1,599,024
    Noninterest-bearing deposits $225,880
    Interest-bearing deposits $1,412,707
    Retail deposits $1,391,739
    IRAs and Keogh plan accounts $56,836
    Brokered deposits $220,497
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $2,192,939
    Cash & Balances due from depository institutions $58,729
    Interest-bearing balances $36,479
    Total securities $293,207
    Federal funds sold & reverse repurchase $0
    Net loans and leases $1,682,405
    Loan and leases loss allowance $13,047
    Trading account assets $0
    Bank premises and fixed assets $37,586
    Other real estate owned $21,432
    Goodwill and other intangibles $21,213
    All other assets $78,367

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $2,192,939
    Total Liabilities $1,961,828
    Total deposits $1,638,587
    Interest-bearing deposits $1,412,707
    Deposits held in domestic offices $1,638,587
    % insured (estimated) $85
    Federal funds purchased and repurchase agreements $5,134
    Trading liabilities $0
    Other borrowed funds $304,685
    Subordinated debt $0
    All other liabilities $13,422

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $1,682,405
    Loan and leases loss allowance $13,047
    Total loans and leases (domestic) $1,695,452
    All real estate loans $1,416,638
    Real estate loans in domestic offices $1,416,638
    Construction and development loans $93,564
    Residential 1-4 family construction $7,247
    Other construction, all land development and other land $86,317
    Loans secured by nonfarm nonresidential properties $635,740
    Nonfarm nonresidential secured by owner-occupied properties $266,362
    Commercial real estate & other non-farm, non-residential $369,378
    Multifamily residential real estate $164,437
    1-4 family residential loans $491,886
    Farmland loans $31,011
    Loans held in foreign offices $0
    Farm loans $7,580
    Commercial and industrial loans $185,325
    To non-U.S. addressees $0
    Loans to individuals $32,460
    Credit card loans $1,451
    Related Plans $584
    Consumer Auto Loans $15,494
    Other loans to individuals $14,931
    All other loans & leases $53,449
    Loans to foreign governments and official institutions $0
    Other loans $41,569
    Loans to depository institutions and acceptances of other banks $0
    Loans not secured by real estate $0
    Loans secured by real estate to non-U.S. addressees $1,100
    Restructured Loans & leases $357
    Non 1-4 family restructured loans & leases $183
    Total loans and leases (foreign) $0

    Summit Community Bank had $1,682,405,000 of loans outstanding in 2018. $1,416,638,000 of loans were in real estate loans. $93,564,000 of loans were in development loans. $164,437,000 of loans were in multifamily mortgage loans. $491,886,000 of loans were in 1-4 family mortgage loans. $7,580,000 of loans were in farm loans. $1,451,000 of loans were in credit card loans. $15,494,000 of loans were in the auto loan category.

    Small Business Loans

    Categorization # of Loans in Category $ amount of loans (in 000's) Average $/loan
    Nonfarm, nonresidential loans - <$1MM 559 $134,636 $240,852
    Nonfarm, nonresidential loans - <$100k 113 $5,003 $44,274
    Nonfarm, nonresidential loans - $100-250k 161 $20,517 $127,435
    Nonfarm, nonresidential loans - $250k-1MM 285 $109,116 $382,863
    Commercial & Industrial, US addressed loans - <$1MM 865 $73,546 $85,024
    Commercial & Industrial, US addressed loans - <$100k 576 $15,363 $26,672
    Commercial & Industrial, US addressed loans - $100-250k 177 $18,661 $105,429
    Commercial & Industrial, US addressed loans - $250k-1MM 112 $39,522 $352,875
    Farmland loans - <$1MM 62 $9,013 $145,371
    Farmland loans - <$100k 20 $847 $42,350
    Farmland loans - $100-250k 22 $2,661 $120,955
    Farmland loans - $250k-1MM 20 $5,505 $275,250
    Agriculture operations loans - <$1MM 98 $3,187 $32,520
    Agriculture operations loans - <$100k 91 $1,865 $20,495
    Agriculture operations loans - $100-250k 4 $356 $89,000
    Agriculture operations loans - $250k-1MM 3 $966 $322,000