1st Summit Bank

125 Donald Lane
Johnstown, PA 15904

Overview

General Bank Information

FDIC Insured Yes
FDIC Certificate # 8426
Date Established 1924
Assets $1.00 billion
Loans $0.49 billion
Deposits $0.88 billion
Capital $0.09 billion

1st Summit Bank is an FDIC insured institution located in Johnstown, PA. It was founded in 1924 and has approximately $1 billion in assets. Customers can open an account at one of its 16 branches.

For a more detailed analysis of 1st Summit Bank's financial condition and a description of what these numbers mean, please visit the Financial Details section.

Bank Loan Profile?

The top three loan types in 1st Summit Bank’s loan portfolio are 1-4 Family Residential Loans, Commercial Real Estate, and Commercial and Industrial Loans.

Compared to other banks in Pennsylvania, 1st Summit Bank has a significantly higher percent of Credit Card Loans on its balance sheet, potentially indicating a specialty in that lending area.

Note: Percentages may not sum to 100% due to rounding and double categorization of some loan types. All data from the FDIC. Additional information about this table.

%
Loans
%
Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 47.40
Multifamily
Mortgages
2.11
Credit Card Loans 0.66
Consumer Auto Loans 2.81
Small Business Loans 8.53
Construction and Development Loans 5.14
Commercial Real Estate 21.37
Commercial and Industrial Loans 15.08
Farm Loans 0.07

Savings Rates

Your Current Location: Virginia, VA 20146

CD Rates APY MIN MAX
6 Mo CD 10K
0.16% $2,500 - Learn MoreShow Less
Savings Rates APY MIN MAX
Savings 2.5K
0.21% $50 $24,999 Learn MoreShow Less
Fixed IRA Rates APY MIN MAX
Fixed IRA 0K
0.91% $100 - Learn MoreShow Less
Variable IRA Rates APY MIN MAX
Var IRA 0K
1.16% $25 - Learn MoreShow Less
MM Rates APY MIN MAX
MM 10K
0.36% $300 $24,999 Learn MoreShow Less
MM 25K
0.41% $25,000 $99,999 Learn MoreShow Less
PREMM Rates APY MIN MAX
Premium MM 10K
0.36% $1 $24,999 Learn MoreShow Less
Premium MM 25K
0.41% $25,000 $49,999 Learn MoreShow Less
Int Checking Rates APY MIN MAX
Int Ckg 0K
0.31% $300 $4,999 Learn MoreShow Less

Loan Rates

Your Current Location: Virginia, VA 20146

Auto Loan Rates APR Rate Monthly Payment
3 Year 3.24% 3.24% $729.68 Learn MoreShow Less
4 Year 3.24% 3.24% $556.01 Learn MoreShow Less
5 Year 3.24% 3.24% $451.89 Learn MoreShow Less
Home Equity Rates APR Rate Monthly Payment
Refinance Mortgage Rates APR Rate Monthly Payment
Purchase Mortgage Rates APR Rate Monthly Payment

Monthly payments for mortgage products are based on a loan amount of $200,000. Home equity monthly payments are based on a loan amount of $50,000. Auto loan monthly payments are based on a loan amount of $25,000. Rates for each product are based on a variety of factors including credit score and loan amount. For specific requirements please check with the lender. Rates may change at any time.

Branches

1st Summit Bank branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.

Your Location:
Ashburn,Virginia


1st Summit Bank Locations

Financial Details

1st Summit Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of 1st Summit Bank. The data is provided by the FDIC. All banks listed on BestCashCow.com are FDIC-insured. No depositor has ever lost deposits that have been within the FDIC insurance limits.

Texas Ratio
1st Summit Bank U.S. Bank Average
3.13% 8.45

The Texas Ratio compares the amount of loans at risk and the amount of owned real estate with the amount a bank has on hand to cover any losses. As of June 30, 2017, 1st Summit Bank had $2,942,000 in non-current loans and $156,000 in owned real estate. To cover these potential losses it had $93,089,000 in equity and $5,865,000 in loans loss reserves. That gives it a Texas Ratio of 3.13%. The closer the Texas Ratio is to 100% and over, the less capital and reserves a bank has to absorb its loan losses.

Return on Equity
1st Summit Bank U.S. Bank Average
11.43% 8.58

1st Summit Bank has a Return on Equity of 11.43% versus the BestCashCow average of 8.58. Return on equity measures how efficiently a bank is making money from its capital. A bank with a consistently high ROE can be considered well run. A bank with a consistently low ROE can be considered poorly run.

Capitalization
1st Summit Bank U.S. Bank Average
9.29% 12.11

1st Summit Bank has a Capitalization of 9.29% versus the BestCashCow average of 12.11. Capitalization measures how much equity capital a bank has to underpin loans and other assets on its balance sheet. The higher the capitalization number the more secure a bank is considered.

1st Summit Bank Balance Sheet Analysis

As of June 30, 2017, 1st Summit Bank had assets of $1,001,773,000, loans of $493,040,000, and deposits of $879,855,000. Long-term increases in deposits shows a bank's ability to raise funds to grow its loans and assets. Loan and asset growth may rise or fall depending on a bank's strategy for growth. Sharp rises and falls in assets, deposits, and loans can be problematic, indicating a loosening of lending standards, or financial distress leading to reduced lending. A big change in these figured can also be from a bank acquisition or merger.

Frequently Asked Questions About 1st Summit Bank

Branches and Savings

Is 1st Summit Bank FDIC insured?

Yes. It is covered under FDIC Certificate #8426.

Why does 1st Summit Bank pay such low interest on savings accounts?

See the best online savings rates here. See the best local savings rates here.

Why are 1st Summit Bank CD rates not competitive?

See the best online CD rates here. See the best local CD rates here.

Is 1st Summit Bank a commercial bank?

Yes

Where are 1st Summit Bank locations?

See branch locations nearby.

Is 1st Summit Bank open on Saturdays?

Is 1st Summit Bank open on Sundays?

What time does 1st Summit Bank open?

What time does 1st Summit Bank close?

Are 1st Summit Bank ATMs Open 24/7?

Do 1st Summit Bank ATMs accept cash deposits?

Can 1st Summit Bank customers use other ATMs?

Do 1st Summit Bank branches have notaries?

Will 1st Summit Bank notarize my document?

What address for 1st Summit Bank should I put for incoming ACH transfers?

Will the 1st Summit Bank branch print checks?

Do 1st Summit Bank checks expire?

Does 1st Summit Bank require US citizenship to open account?

Can 1st Summit Bank close my account?

Does 1st Summit Bank Report to credit bureaus?

Does 1st Summit Bank Use Equifax?

What is 1st Summit Bank's ACH Routing Number?

What is 1st Summit Bank's SWIFT code?

Products

Does 1st Summit Bank offer mortgages?

Compare mortgage rates here.

Does 1st Summit Bank offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does 1st Summit Bank offer personal loans?

Compare personal loan rates here.

Does 1st Summit Bank offer student loans?

Will 1st Summit Bank cash a check?

Will 1st Summit Bank redeem a savings bond?

Does 1st Summit Bank cash savings bonds?

Will 1st Summit Bank cash money orders?

Can 1st Summit Bank issue a money order?

Does 1st Summit Bank do currency exchange?

Background on The Bank

Who owns 1st Summit Bank?

How long has 1st Summit Bank been around?

Can 1st Summit Bank transfer to other banks?

Does 1st Summit Bank have quick pay?

Does 1st Summit Bank accept rolled coins?

Will 1st Summit Bank accept loose change?

Where is 1st Summit Bank headquarters?

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