SSBI (Summit State Bank) Total Assets : $1,118.79 Mil (As of Sep. 2024)

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What is Summit State Bank Total Assets?

Summit State Bank's Total Assets for the quarter that ended in Sep. 2024 was $1,118.79 Mil.

During the past 12 months, Summit State Bank's average Total Assets Growth Rate was -1.40% per year. During the past 3 years, the average Total Assets Growth Rate was 8.50% per year. During the past 5 years, the average Total Assets Growth Rate was 13.90% per year. During the past 10 years, the average Total Assets Growth Rate was 13.80% per year.

During the past 13 years, Summit State Bank's highest 3-Year average Total Assets Growth Rate was 18.30%. The lowest was -7.00%. And the median was 8.50%.

Total Assets is connected with ROA %. Summit State Bank's annualized ROA % for the quarter that ended in Sep. 2024 was 0.23%. Total Assets is also linked to Revenue through Asset Turnover. Summit State Bank's Asset Turnover for the quarter that ended in Sep. 2024 was 0.01.

Summit State Bank Total Assets Historical Data

The historical data trend for Summit State Bank'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 State Bank Total Assets Chart

Summit State Bank Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Assets

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695.98

865.85

958.08

1,115.34

1,122.51

Summit State Bank Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Total Assets	Get a 7-Day Free Trial															1,142.17	1,122.51	1,080.19	1,082.05	1,118.79

Summit State Bank 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 State Bank'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 )
	=	97.678	+	1024.83
	=	1,122.51

Summit State Bank's Total Assets for the quarter that ended in Sep. 2024 is calculated as

Total Assets	=	Total Equity (Q: Sep. 2024 )	+	Total Liabilities (Q: Sep. 2024 )
	=	100.662	+	1018.129
	=	1,118.79

Summit State Bank (NAS:SSBI) Total Assets Explanation

Total Assets is connected with ROA %.

Summit State Bank's annualized ROA % for the quarter that ended in Sep. 2024 is

ROA %	=	Net Income (Q: Sep. 2024 )	/	( (Total Assets (Q: Jun. 2024 )	+	Total Assets (Q: Sep. 2024 ))	/ count )
	=	2.504	/	( (1082.045	+	1118.791)	/ 2 )
	=	2.504	/	1100.418
	=	0.23 %

Note: The Net Income data used here is four times the quarterly (Sep. 2024) 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 State Bank's Asset Turnover for the quarter that ended in Sep. 2024 is

	Asset Turnover
=	Revenue (Q: Sep. 2024 )	/	( (Total Assets (Q: Jun. 2024 )	+	Total Assets (Q: Sep. 2024 ))	/ count )
=	8.321	/	( (1082.045	+	1118.791)	/ 2 )
=	8.321	/	1100.418
=	0.01

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 State Bank Total Assets Related Terms

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Summit State Bank Business Description

Industry

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Address

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

Website

https://www.summitstatebank.com

Summit State Bank provides various banking products and services to individuals and businesses primarily in Sonoma County, California. It offers personal and business checking, money market, sweep, savings, and demand accounts; time certificates of deposit; and specialized deposit accounts, such as professional, small business packaged, tiered, and retirement plan accounts. The company also provides loans, including commercial loans and leases; lines of credit; commercial real estate, small business administration, residential mortgage, and construction loans; home equity lines of credit; and term and equipment loans, as well as loans to agriculture-related businesses.