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. They have a low ratio of USDA loans. Their top markets by origination volume include: Morgantown, Charleston, Huntington, Washington, and Harrisonburg among others. We have data for 43 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Summit Community Bank has an above 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 about average 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.

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    SimulatedRates™

    Mortgage Type     		Simulated Rate Simulation Date
    Home Equity Line of Credit (HELOC) 6.86% 5/4/24
    30 Year Conventional Purchase 7.04% 5/4/24
    30 Year Conventional Refi 6.85% 5/4/24
    30 Year Cash-out Refi 6.63% 5/4/24
    15 Year Conventional Purchase 7.63% 5/4/24
    15 Year Conventional Refi 6.97% 5/4/24
    15 Year Cash-out Refi 6.97% 5/4/24
    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

    1,088

    Origination Dollar Volume (All Markets)

    $243,420,000

    Employee count

    441 Show all (5) awards

    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 385 $47,905,000 $124,429 $2,924 3.83%
    MORGANTOWN, WV (FHA|USDA|VA) 17 $26,115,000 $1,536,176 $3,595 3.69%
    CHARLESTON, WV (FHA|USDA|VA) 105 $25,195,000 $239,952 $3,548 3.75%
    HUNTINGTON-ASHLAND, WV-KY-OH (FHA|USDA|VA) 52 $22,700,000 $436,538 $3,486 3.35%
    Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 83 $21,845,000 $263,193 $4,732 3.46%
    HARRISONBURG, VA (FHA|USDA|VA) 84 $20,270,000 $241,310 $2,968 3.35%
    WINCHESTER, VA-WV (FHA|USDA|VA) 52 $16,570,000 $318,654 $3,317 3.61%
    Bluefield, WV-VA (FHA|USDA|VA) 105 $13,725,000 $130,714 $3,028 3.38%
    HAGERSTOWN-MARTINSBURG, MD-WV (FHA|USDA|VA) 42 $10,240,000 $243,810 $3,491 4.24%
    BECKLEY, WV (FHA|USDA|VA) 58 $10,140,000 $174,828 $3,067 4.08%
    BLACKSBURG-CHRISTIANSBURG, VA (FHA|USDA|VA) 18 $9,760,000 $542,222 $2,625 3.98%
    STAUNTON, VA (FHA|USDA|VA) 14 $2,240,000 $160,000 $2,344 3.00%
    Clarksburg, WV (FHA|USDA|VA) 9 $1,915,000 $212,778 $3,230 4.43%
    CUMBERLAND, MD-WV (FHA|USDA|VA) 9 $1,635,000 $181,667 $2,816 4.47%
    CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 5 $1,555,000 $311,000 $2,835 3.03%
    MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) 4 $1,340,000 $335,000 $3,632 3.86%
    ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 1 $1,315,000 $1,315,000 $0 5.73%
    ROANOKE, VA (FHA|USDA|VA) 6 $1,290,000 $215,000 $2,796 3.92%
    CHARLOTTESVILLE, VA (FHA|USDA|VA) 3 $885,000 $295,000 $3,576 3.21%
    WILMINGTON, NC (FHA|USDA|VA) 2 $780,000 $390,000 $3,835 3.77%
    Kill Devil Hills, NC (FHA|USDA|VA) 2 $600,000 $300,000 $0 4.75%
    Fairmont, WV (FHA|USDA|VA) 3 $585,000 $195,000 $2,660 2.58%
    SALISBURY, MD-DE (FHA|USDA|VA) 2 $540,000 $270,000 $2,984 3.44%
    Elkins, WV (FHA|USDA|VA) 5 $485,000 $97,000 $3,044 4.86%
    RALEIGH-CARY, NC (FHA|USDA|VA) 3 $385,000 $128,333 $3,537 3.25%
    HICKORY-LENOIR-MORGANTON, NC (FHA|USDA|VA) 1 $375,000 $375,000 $3,005 2.75%
    DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 1 $365,000 $365,000 $0 3.99%
    NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 1 $335,000 $335,000 $0 3.99%
    Pinehurst-Southern Pines, NC (FHA|USDA|VA) 1 $325,000 $325,000 $4,547 2.88%
    GREENVILLE-ANDERSON, SC (FHA|USDA|VA) 1 $225,000 $225,000 $2,906 3.13%
    HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) 1 $215,000 $215,000 $2,451 2.50%
    GAINESVILLE, FL (FHA|USDA|VA) 1 $215,000 $215,000 $3,896 2.63%
    Greenwood, SC (FHA|USDA|VA) 1 $205,000 $205,000 $3,921 3.00%
    BURLINGTON, NC (FHA|USDA|VA) 1 $185,000 $185,000 $2,927 3.38%
    SPARTANBURG, SC (FHA|USDA|VA) 1 $175,000 $175,000 $2,735 3.00%
    Point Pleasant, WV-OH (FHA|USDA|VA) 1 $175,000 $175,000 $3,339 3.13%
    PITTSBURGH, PA (FHA|USDA|VA) 1 $135,000 $135,000 $3,839 2.25%
    Portsmouth, OH (FHA|USDA|VA) 1 $115,000 $115,000 $3,025 2.50%
    HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 1 $105,000 $105,000 $0 0.00%
    CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) 1 $105,000 $105,000 $0 0.00%
    LIMA, OH (FHA|USDA|VA) 1 $65,000 $65,000 $3,199 2.00%
    SCRANTON--WILKES-BARRE, PA (FHA|USDA|VA) 2 $60,000 $30,000 $0 5.63%
    RICHMOND, VA (FHA|USDA|VA) 1 $25,000 $25,000 $0 0.00%
    Summit Community Bank's top markets include Morgantown, Charleston, Huntington, Washington, and Harrisonburg among others.

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

    Liberty Bank
    Similarity Rank: 68
    PARK VIEW FEDERAL CREDIT UNION
    Similarity Rank: 112
    FIRST BANCORP
    Similarity Rank: 266
    PATRIOT
    Similarity Rank: 289
    Community Trust Bank, Inc.
    Similarity Rank: 402
    DUPONT COMMUNITY
    Similarity Rank: 416
    The Ohio Valley Bank Company
    Similarity Rank: 420
    DESCO
    Similarity Rank: 525
    F & M BANK CORP.
    Similarity Rank: 640
    First Community Bank
    Similarity Rank: 840

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 831 $222,345,000 $267,563 $3,142 3.69%
    HELOC 251 $20,385,000 $81,215 n/a 4.44%
    USDA 6 $690,000 $115,000 $3,968 3.10%

    For 2020, Summit Community Bank's most frequently originated type of loan was Conventional, with 831 originations. Their 2nd most popular type was HELOC, with 251 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 382 $99,160,000 $259,581 $3,349 4.21%
    Refi 344 $101,050,000 $293,750 $2,958 3.23%
    Cash Out Refi 130 $25,950,000 $199,615 $3,208 3.06%
    Home Improvement 129 $9,455,000 $73,295 $2,288 5.50%
    Other 103 $7,805,000 $75,777 $2,730 5.34%

    For 2020, Summit Community Bank's most frequently cited loan purpose was Home Purchase, with 382 originations. The 2nd most popular reason was Refi, with 344 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 340 $85,720,000 $252,118 $3,190 3.44%
    30+ year 329 $38,835,000 $118,040 $3,938 4.61%
    15 Year 178 $32,830,000 $184,438 $2,897 3.04%
    20 Year 137 $30,185,000 $220,328 $2,875 4.07%
    Other 50 $48,270,000 $965,400 $2,712 4.48%
    10 Year 38 $3,520,000 $92,632 $2,636 4.10%
    1 Year 10 $2,790,000 $279,000 $0 4.02%
    5 Year 5 $945,000 $189,000 $0 5.46%
    3 Year 1 $325,000 $325,000 $0 4.75%

    For 2020, Summit Community Bank's most frequently cited loan duration was 30 Year, with 340 originations. The 2nd most popular length was 30+ year, with 329 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 533 $106,905,000 $200,572
    $<1k 129 $22,085,000 $171,202
    $2k-3k 23 $6,425,000 $279,348
    $5k+ 6 $3,000,000 $500,000
    $3k-4k 2 $820,000 $410,000
    $4k-5k 2 $630,000 $315,000

    Summit Community Bank's average total fees were $3,190, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 533 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 221 $61,405,000 $277,851
    2.5-3% 210 $58,660,000 $279,333
    3-4% 182 $65,700,000 $360,989
    <2.5% 138 $24,280,000 $175,942
    5-6% 86 $15,720,000 $182,791
    6-7% 9 $255,000 $28,333
    Over 8% 6 $190,000 $31,667
    7-8% 4 $190,000 $47,500

    During 2020, Summit Community Bank's average interest rate for loans was 3.44%, while their most frequently originated rate bucket for loans was 4-5%, with 221 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 392 $55,150,000 $140,689 $2,958 3.57%
    $100,000 or less 363 $21,215,000 $58,444 $2,642 4.25%
    $200k-400k 238 $65,500,000 $275,210 $3,406 3.39%
    $400k-600k 59 $27,885,000 $472,627 $3,970 3.62%
    $600k-1MM 19 $14,665,000 $771,842 $6,196 3.89%
    $1MM+ 17 $59,005,000 $3,470,882 $12,710 4.40%

    2020 saw Summit Community Bank place emphasis on $100k-200k loans with 392 originations, totaling $55,150,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 211 $37,985,000 $180,024 $3,230 3.45%
    $50k-75k 196 $26,200,000 $133,673 $2,937 3.60%
    $75k-100k 180 $27,400,000 $152,222 $3,020 3.36%
    $50k or less 178 $16,210,000 $91,067 $2,834 4.13%
    $150k-250k 109 $22,025,000 $202,064 $3,514 3.34%
    $250k+ 93 $33,605,000 $361,344 $4,080 3.47%

    Summit Community Bank lent most frequently to those with incomes in the $100k-150k range, with 211 originations. The second most popular income band? $50k-75k, with 196 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 355 $59,655,000 $168,042 $3,132 3.52%
    <20% 217 $33,305,000 $153,479 $3,062 3.34%
    30-36% 182 $28,300,000 $155,495 $3,046 3.76%
    41% 29 $4,785,000 $165,000 $3,123 3.80%
    36% 27 $3,485,000 $129,074 $2,972 3.79%
    39% 23 $3,935,000 $171,087 $3,491 3.69%
    38% 22 $7,280,000 $330,909 $4,489 3.82%
    40% 20 $3,010,000 $150,500 $3,163 4.00%
    42% 19 $3,465,000 $182,368 $2,955 3.55%
    37% 19 $3,295,000 $173,421 $3,411 3.40%
    44% 16 $3,250,000 $203,125 $3,113 3.13%
    43% 12 $3,720,000 $310,000 $3,392 2.99%
    >60% 9 $2,355,000 $261,667 $3,324 5.51%
    50-60% 9 $1,475,000 $163,889 $3,085 5.03%
    48% 6 $910,000 $151,667 $3,185 3.46%
    45% 6 $1,080,000 $180,000 $3,272 3.70%
    46% 5 $1,235,000 $247,000 $3,518 3.73%
    47% 3 $545,000 $181,667 $0 3.88%
    49% 2 $510,000 $255,000 $3,526 2.88%

    Summit Community Bank lent most frequently to those with DTI ratios of 20-30%, with 355 originations. The next most common DTI ratio? <20%, with 217 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 885 $149,615,000 $169,056 $3,147 3.62%
    Not applicable 102 $76,130,000 $746,373 $0 4.46%
    Not provided 80 $13,680,000 $171,000 $2,998 3.34%
    Black 10 $1,630,000 $163,000 $4,104 3.91%
    Asian 9 $1,475,000 $163,889 $4,114 4.09%
    Asian Indian 2 $890,000 $445,000 $3,903 3.23%

    Approval Rates

    Total approvals of all applications
    90.29%

    Summit Community Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    75.28%

    Summit Community Bank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 1,088 $243,420,000 $223,732

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Manufactured 1 $635,000 $635,000
    Multifamily:Site-Built 42 $62,860,000 $1,496,667
    Single Family (1-4 Units):Manufactured 78 $7,320,000 $93,846
    Single Family (1-4 Units):Site-Built 967 $172,605,000 $178,495

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 143 $24,505,000 $171,364 $2,761 3.65%
    40-60% 161 $39,815,000 $247,298 $2,987 3.24%
    60-80% 349 $97,035,000 $278,037 $3,134 3.41%
    80-100% 313 $73,735,000 $235,575 $3,319 4.19%
    Over 100% 8 $1,010,000 $126,250 $2,538 4.51%
    Under 20% 114 $7,320,000 $64,211 $3,481 3.99%

    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 $128,566
    Summit Community Bank, Inc 101 West Main Street West Union, WV 26456 Full Service B&M $145,834
    Summit Community Bank, Inc 1049 Cook Parkway Oceana, WV 24870 Full Service B&M $48,527
    Summit Community Bank, Inc 108 Spruce Street Bluefield, VA 24605 Full Service B&M $38,541
    Summit Community Bank, Inc 114 James River & Kanawha Turnpike Rainelle, WV 25962 Full Service B&M $51,652
    Summit Community Bank, Inc 1223 Stafford Drive Princeton, WV 24740 Full Service B&M $55,854
    Summit Community Bank, Inc 123 Bethel Rd Mac Arthur, WV 25873 Full Service B&M $9,029
    Summit Community Bank, Inc 145 Springhaven Drive Princeton, WV 24740 Full Service B&M $27,865
    Summit Community Bank, Inc 148 Ivanhoe Road Max Meadows, VA 24360 Full Service B&M $18,229
    Summit Community Bank, Inc 150 E Main St Salem, WV 26426 Full Service B&M $16,703
    Summit Community Bank, Inc 176 Courtyard St. Morgantown, WV 26501 Full Service B&M $1,036
    Summit Community Bank, Inc 1826 Harper Road Beckley, WV 25801 Full Service B&M $12,068
    Summit Community Bank, Inc 1925 Stone Spring Road, Suite 200 Rockingham, VA 22801 Full Service B&M $23,258
    Summit Community Bank, Inc 195 West Main Strret Monterey, VA 24465 Full Service B&M $67,746
    Summit Community Bank, Inc 200 First Street Mullens, WV 25882 Full Service B&M $82,817
    Summit Community Bank, Inc 200 Peppers Ferry Road Wytheville, VA 24382 Full Service B&M $30,467
    Summit Community Bank, Inc 2020 College Avenue Bluefield, WV 24701 Full Service B&M $25,778
    Summit Community Bank, Inc 204 Catoctin Circle Se Leesburg, VA 20175 Full Service B&M $60,702
    Summit Community Bank, Inc 2107 Pike Street Parkersburg, WV 26101 Full Service B&M $338
    Summit Community Bank, Inc 224 South Main Street Harrisonburg, VA 22801 Full Service B&M $67,460
    Summit Community Bank, Inc 23 Scenic Highway Churchville, VA 24421 Full Service B&M $12,048
    Summit Community Bank, Inc 231 Aikens Center Martinsburg, WV 25401 Full Service B&M $37,307
    Summit Community Bank, Inc 2350 South Pleasant Valley Road Winchester, VA 22601 Full Service Retail $8,995
    Summit Community Bank, Inc 2402 Mountaineer Boulevard Charleston, WV 25309 Full Service B&M $99,567
    Summit Community Bank, Inc 251 West Lee Highway, Suite 730 Warrenton, VA 20186 Full Service B&M $37,283
    Summit Community Bank, Inc 300 North Main Street Moorefield, WV 26836 Full Service Cyber Office $135,147
    Summit Community Bank, Inc 300 North Main Street Moorefield, WV 26836 Full Service Cyber Office $331,152
    Summit Community Bank, Inc 310 North Main Street Moorefield, WV 26836 Full Service B&M $132,910
    Summit Community Bank, Inc 321 Temple Street Hinton, WV 25951 Full Service B&M $66,937
    Summit Community Bank, Inc 4377 Lamberton Road Pennsboro, WV 26415 Full Service B&M $25,258
    Summit Community Bank, Inc 5091 Gerrardstown Road Inwood, WV 25428 Full Service B&M $48,382
    Summit Community Bank, Inc 515 Appalachian Highway Pineville, WV 24874 Full Service B&M $48,320
    Summit Community Bank, Inc 525 Federal Street Bluefield, WV 24701 Limited, Drive-thru $93,725
    Summit Community Bank, Inc 564 North Main St. Franklin, WV 26807 Full Service B&M $38,538
    Summit Community Bank, Inc 59 Upper Cove Rd. Mathias, WV 26812 Full Service B&M $20,712
    Summit Community Bank, Inc 620 Virginia Street East Charleston, WV 25301 Full Service B&M $75,224
    Summit Community Bank, Inc 651 Foxcroft Ave Martinsburg, WV 25401 Full Service B&M $76,515
    Summit Community Bank, Inc 88 Somerset Blvd Charles Town, WV 25414 Full Service B&M $38,162
    Summit Community Bank, Inc 90 South Grove Street Petersburg, WV 26847 Full Service B&M $154,459
    Summit Community Bank, Inc 910 Clay Street Rupert, WV 25984 Full Service B&M $22,382
    Summit Community Bank, Inc 9406 Sam Snead Highway Hot Springs, VA 24445 Full Service B&M $37,930

    For 2020, Summit Community Bank had 41 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $114,982
    Net interest income $96,570
    Total noninterest income $14,492
    Gross Fiduciary activities income $1,938
    Service charges on deposit accounts $4,977
    Trading account gains and fees $0
    Additional Noninterest Income $7,577
    Pre-tax net operating income $37,807
    Securities gains (or losses, -) $3,472
    Income before extraordinary items $33,333
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $33,333
    Minority interest net income $0
    Net income $33,333
    Sale, conversion, retirement of capital stock, net $25,292
    Net operating income $30,520

    Summit Community Bank's gross interest income from loans was $114,982,000.
    Summit Community Bank's net interest income from loans was $96,570,000.
    Summit Community Bank's fee based income from loans was $4,977,000.
    Summit Community Bank's net income from loans was $33,333,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $18,412
    Provision for credit losses $14,500
    Total noninterest expense $58,755
    Salaries and employee benefits $29,763
    Premises and equipment expense $9,639
    Additional noninterest expense $19,353
    Applicable income taxes $7,946
    Net charge-offs $1,703
    Cash dividends $10,000

    Summit Community Bank's interest expense for loans was $18,412,000.
    Summit Community Bank's payroll and benefits expense were $29,763,000.
    Summit Community Bank's property, plant and equipment expenses $9,639,000.

    Loan Performance

    Type of Loan % of Loans Noncurrent (30+ days, end of period snapshot)
    All loans 0.0%
    Real Estate loans 1.0%
    Construction & Land Development loans 0.0%
    Nonfarm, nonresidential loans 1.0%
    Multifamily residential loans 0.0%
    1-4 family residential loans 0.0%
    HELOC loans 0.0%
    All other family 1.0%
    Commercial & industrial loans 0.0%
    Personal loans 0.0%
    Credit card loans 0.1%
    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 $2,601,523
    Deposits held in domestic offices $2,601,523
    Deposits by Individuals, partnerships, and corporations $2,444,247
    Deposits by U.S. Government $3
    Deposits by States and political subdivisions in the U.S. $153,109
    Deposits by Commercial banks and other depository institutions in U.S. $4,164
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $167,389
    Demand deposits $110,260
    Nontransaction accounts $2,434,134
    Money market deposit accounts (MMDAs) $1,213,368
    Other savings deposits (excluding MMDAs) $621,286
    Total time deposits $599,480
    Total time and savings deposits $2,491,263
    Noninterest-bearing deposits $446,690
    Interest-bearing deposits $2,154,833
    Retail deposits $2,464,652
    IRAs and Keogh plan accounts $83,741
    Brokered deposits $55,454
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $3,105,212
    Cash & Balances due from depository institutions $99,723
    Interest-bearing balances $80,266
    Total securities $386,442
    Federal funds sold & reverse repurchase $0
    Net loans and leases $2,381,905
    Loan and leases loss allowance $32,246
    Trading account assets $0
    Bank premises and fixed assets $58,147
    Other real estate owned $15,588
    Goodwill and other intangibles $56,164
    All other assets $107,243

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $3,105,212
    Total Liabilities $2,777,859
    Total deposits $2,601,523
    Interest-bearing deposits $2,154,833
    Deposits held in domestic offices $2,601,523
    % insured (estimated) $77
    Federal funds purchased and repurchase agreements $146
    Trading liabilities $0
    Other borrowed funds $146,292
    Subordinated debt $0
    All other liabilities $29,898

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $2,381,905
    Loan and leases loss allowance $32,246
    Total loans and leases (domestic) $2,414,151
    All real estate loans $1,819,156
    Real estate loans in domestic offices $1,819,156
    Construction and development loans $198,443
    Residential 1-4 family construction $6,402
    Other construction, all land development and other land $192,041
    Loans secured by nonfarm nonresidential properties $834,512
    Nonfarm nonresidential secured by owner-occupied properties $324,786
    Commercial real estate & other non-farm, non-residential $509,726
    Multifamily residential real estate $175,982
    1-4 family residential loans $583,291
    Farmland loans $26,928
    Loans held in foreign offices $0
    Farm loans $9,690
    Commercial and industrial loans $287,148
    To non-U.S. addressees $0
    Loans to individuals $35,268
    Credit card loans $1,362
    Related Plans $811
    Consumer Auto Loans $16,631
    Other loans to individuals $16,464
    All other loans & leases $262,889
    Loans to foreign governments and official institutions $0
    Other loans $252,348
    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 $1,046
    Restructured Loans & leases $0
    Non 1-4 family restructured loans & leases $0
    Total loans and leases (foreign) $0

    Summit Community Bank had $2,381,905,000 of loans outstanding in 2020. $1,819,156,000 of loans were in real estate loans. $198,443,000 of loans were in development loans. $175,982,000 of loans were in multifamily mortgage loans. $583,291,000 of loans were in 1-4 family mortgage loans. $9,690,000 of loans were in farm loans. $1,362,000 of loans were in credit card loans. $16,631,000 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 623 $157,131 $252,217
    Nonfarm, nonresidential loans - <$100k 106 $5,340 $50,377
    Nonfarm, nonresidential loans - $100-250k 185 $23,031 $124,492
    Nonfarm, nonresidential loans - $250k-1MM 332 $128,760 $387,831
    Commercial & Industrial, US addressed loans - <$1MM 1,453 $126,298 $86,922
    Commercial & Industrial, US addressed loans - <$100k 1,001 $27,380 $27,353
    Commercial & Industrial, US addressed loans - $100-250k 277 $33,494 $120,917
    Commercial & Industrial, US addressed loans - $250k-1MM 175 $65,424 $373,851
    Farmland loans - <$1MM 71 $9,872 $139,042
    Farmland loans - <$100k 23 $881 $38,304
    Farmland loans - $100-250k 28 $3,634 $129,786
    Farmland loans - $250k-1MM 20 $5,357 $267,850
    Agriculture operations loans - <$1MM 95 $3,984 $41,937
    Agriculture operations loans - <$100k 82 $1,960 $23,902
    Agriculture operations loans - $100-250k 10 $1,006 $100,600
    Agriculture operations loans - $250k-1MM 3 $1,018 $339,333