Summit State Bank (Summit State Bank) Marketable Securities : $84.55 Mil (As of Dec. 2023)

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What is Summit State Bank Marketable Securities?

Marketable Securities are very liquid securities that can be converted into cash quickly at a reasonable price. Summit State Bank's Marketable Securities for the quarter that ended in Dec. 2023 was $84.55 Mil.

Summit State Bank's annual Marketable Securities increased from Dec. 2021 ($69.37 Mil) to Dec. 2022 ($83.79 Mil) and increased from Dec. 2022 ($83.79 Mil) to Dec. 2023 ($84.55 Mil).

Summit State Bank Marketable Securities Historical Data

The historical data trend for Summit State Bank's Marketable Securities 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.

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Summit State Bank Marketable Securities Chart

Summit State Bank Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Marketable Securities

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54.24

67.95

69.37

83.79

84.55

Summit State Bank Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Jun23	Sep23	Dec23
Marketable Securities	Get a 7-Day Free Trial															68.69	83.79	83.59	80.29	84.55

Summit State Bank Marketable Securities Calculation

Marketable Securities are very liquid securities that can be converted into cash quickly at a reasonable price.

Summit State Bank (NAS:SSBI) Marketable Securities Explanation

Marketable Securities are very liquid as they tend to have maturities of less than one year. Furthermore, the rate at which these securities can be bought or sold has little effect on their prices.

Please note, GuruFocus' Marketable Securities also includes "Other Short Term Investment".

Summit State Bank Marketable Securities Related Terms

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Summit State Bank (Summit State Bank) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Summit State Bank (NAS:SSBI) » Definitions » Marketable Securities

Comparable Companies

Traded in Other Exchanges

N/A

Address

500 Bicentennial Way, Santa Rosa, CA, USA, 95403

Website

https://www.summitstatebank.com

Summit State Bank is a state-chartered commercial bank operating a traditional community banking business within the primary service area of Sonoma County in California, however, it also considers and makes loans to borrowers primarily from Marin, Napa, and San Francisco counties. The bank provides a broad array of financial services to small to medium-sized businesses and their owners and employees, entrepreneurs, high-net-worth families, foundations, estates, and individual consumers. Its lending activities are primarily focused on commercial real estate, construction, and business loans to targeted clientele. The bank also has loan production offices in California (Roseville, Irvine, and Tustin), Arizona (Scottsdale), Texas (Montgomery), and Washington (Mukilteo).