1st Summit Bancorp Johnstown (1st Summit Bancorp Johnstown) Debt-to-Equity : N/A (As of Sep. 2023)

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What is 1st Summit Bancorp Johnstown Debt-to-Equity?

1st Summit Bancorp Johnstown's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was $0.00 Mil. 1st Summit Bancorp Johnstown's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2023 was $0.00 Mil. 1st Summit Bancorp Johnstown's Total Stockholders Equity for the quarter that ended in Sep. 2023 was $0.00 Mil.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

The historical rank and industry rank for 1st Summit Bancorp Johnstown's Debt-to-Equity or its related term are showing as below:

FSMK' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.3 Med: 0.41 Max: 0.92
Current: 0.94

During the past 4 years, the highest Debt-to-Equity Ratio of 1st Summit Bancorp Johnstown was 0.92. The lowest was 0.30. And the median was 0.41.

FSMK's Debt-to-Equity is not ranked
in the Banks industry.
Industry Median: 0.68 vs FSMK: 0.94

1st Summit Bancorp Johnstown Debt-to-Equity Historical Data

The historical data trend for 1st Summit Bancorp Johnstown's Debt-to-Equity can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

1st Summit Bancorp Johnstown Debt-to-Equity Chart

1st Summit Bancorp Johnstown Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Debt-to-Equity

0.43

0.30

0.39

0.92

1st Summit Bancorp Johnstown Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Debt-to-Equity	Get a 7-Day Free Trial											-	0.92	N/A	-	N/A

Competitive Comparison of 1st Summit Bancorp Johnstown's Debt-to-Equity

For the Banks - Regional subindustry, 1st Summit Bancorp Johnstown's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

1st Summit Bancorp Johnstown's Debt-to-Equity Distribution in the Banks Industry

For the Banks industry and Financial Services sector, 1st Summit Bancorp Johnstown's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where 1st Summit Bancorp Johnstown's Debt-to-Equity falls into.

1st Summit Bancorp Johnstown Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

1st Summit Bancorp Johnstown's Debt to Equity Ratio for the fiscal year that ended in Dec. 2022 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(61.889	+	31.03)	/	101.285
	=	0.92

1st Summit Bancorp Johnstown's Debt to Equity Ratio for the quarter that ended in Sep. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(0	+	0)	/	0
	=	N/A

1st Summit Bancorp Johnstown (OTCPK:FSMK) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.

Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.

1st Summit Bancorp Johnstown Debt-to-Equity Related Terms

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1st Summit Bancorp Johnstown (1st Summit Bancorp Johnstown) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » 1st Summit Bancorp Johnstown Inc (OTCPK:FSMK) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

N/A

Address

125 Donald Lane, P.O. Box 5480, Johnstown, PA, USA, 15904

Website

https://www.1stsummit.bank

1st Summit Bancorp Johnstown Inc through its subsidiaries provides banking, trust, financial and investment services to individuals and businesses. The company accepts various deposits, such as checking, savings, interest-bearing and noninterest-bearing demand deposit, money market, and individual retirement accounts, as well as certificates of deposit. It offers personal loans, including auto, recreational vehicle, bill consolidation, credit line, and educational loans; home equity loans; home equity line of credit; home mortgage loans; mortgage construction; business lines of credit; residential real estate loans; residential and commercial mortgage; equipment loans; equipment leasing; small business administration loans; and commercial vehicle loans.

1st Summit Bancorp Johnstown (1st Summit Bancorp Johnstown) Headlines

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