SBKO (Summit Bank Group) Total Assets : $1,078.37 Mil (As of Dec. 2023)

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What is Summit Bank Group Total Assets?

Summit Bank Group's Total Assets for the quarter that ended in Dec. 2023 was $1,078.37 Mil.

Warning Sign:

If a company builds assets at 22.4% a year, faster than its revenue growth rate of 12.7% over the past 5 years, it means that the company may be getting less efficient.

During the past 12 months, Summit Bank Group's average Total Assets Growth Rate was 21.20% per year. During the past 3 years, the average Total Assets Growth Rate was 18.90% per year. During the past 5 years, the average Total Assets Growth Rate was 22.40% per year.

During the past 9 years, Summit Bank Group's highest 3-Year average Total Assets Growth Rate was 77.50%. The lowest was 18.90%. And the median was 25.85%.

Total Assets is connected with ROA %. Summit Bank Group's annualized ROA % for the quarter that ended in Dec. 2023 was 0.87%. Total Assets is also linked to Revenue through Asset Turnover. Summit Bank Group's Asset Turnover for the quarter that ended in Dec. 2023 was 0.04.

Summit Bank Group Total Assets Historical Data

The historical data trend for Summit Bank Group's Total Assets 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 Bank Group Total Assets Chart

Summit Bank Group Annual Data

Trend

Dec06

Dec07

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

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507.38

761.14

902.51

968.98

1,078.37

Summit Bank Group Semi-Annual Data
	Dec06	Dec07	Dec17	Dec18	Dec19	Dec20	Dec21	Dec22	Dec23
Total Assets	Get a 7-Day Free Trial				507.38	761.14	902.51	968.98	1,078.37

Summit Bank Group Total Assets Calculation

Total Assets are all the assets a company owns.

From the capital sources of the assets, some of the assets are funded through shareholder's paid in capital and retained earnings of the business. Others are funded through borrowed money.

Summit Bank Group's Total Assets for the fiscal year that ended in Dec. 2023 is calculated as

Total Assets	=	Total Equity (A: Dec. 2023 )	+	Total Liabilities (A: Dec. 2023 )
	=	95.655	+	982.715
	=	1,078.37

Summit Bank Group's Total Assets for the quarter that ended in Dec. 2023 is calculated as

Total Assets	=	Total Equity (Q: Dec. 2023 )	+	Total Liabilities (Q: Dec. 2023 )
	=	95.655	+	982.715
	=	1,078.37

Summit Bank Group (OTCPK:SBKO) Total Assets Explanation

Total Assets is connected with ROA %.

Summit Bank Group's annualized ROA % for the quarter that ended in Dec. 2023 is

ROA %	=	Net Income (Q: Dec. 2023 )	/	( (Total Assets (Q: Dec. 2022 )	+	Total Assets (Q: Dec. 2023 ))	/ count )
	=	8.921	/	( (968.984	+	1078.37)	/ 2 )
	=	8.921	/	1023.677
	=	0.87 %

Note: The Net Income data used here is one times the annual (Dec. 2023) data.

In the article Joining The Dark Side: Pirates, Spies and Short Sellers, James Montier reported that In their US sample covering the period 1968-2003, Cooper et al find that firms with low asset growth outperformed firms with high asset growth by an astounding 20% p.a. equally weighted. Even when controlling for market, size and style, low asset growth firms outperformed high asset growth firms by 13% p.a. Therefore a company with fast asset growth may underperform.

Total Assets is linked to total revenue through Asset Turnover.

Summit Bank Group's Asset Turnover for the quarter that ended in Dec. 2023 is

	Asset Turnover
=	Revenue (Q: Dec. 2023 )	/	( (Total Assets (Q: Dec. 2022 )	+	Total Assets (Q: Dec. 2023 ))	/ count )
=	45.804	/	( (968.984	+	1078.37)	/ 2 )
=	45.804	/	1023.677
=	0.04

Therefore, if a company grows its Total Assets faster than its Revenue, the Asset Turnover will decline. This might be a warning sign for the business.

Summit Bank Group Total Assets Related Terms

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Summit Bank Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Summit Bank Group Inc (OTCPK:SBKO) » Definitions » Total Assets

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Address

96 East Broadway, Eugene, OR, USA, 97401

Website

https://www.sbko.bank

Summit Bank Group Inc provides commercial banking, financing, real estate lending and other services in Lane, Deschutes and Multnomah Counties in Oregon. It also specializes in providing high-level service to professionals and medium-sized businesses and their owners.