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Profile - Summit Bank Corporation (NasdaqNM:SBGA)
As of 31-Aug-2001
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More Info: Quote | Chart | News | Profile | Research | SEC | Msgs | Insider | Financials
Recent Events
Aug 24Dividend payment of $0.18
Location
4360 Chamblee-Dunwoody Road
Atlanta, GA 30341
Phone: (770) 454-0400
Fax: (770) 458-7818
Email: llafever@summitbk.com
Employees (last reported count): 108
Financial Links
 ·Top Institutional Holders
 ·Top Mutual Fund Holders
 ·Historical Quote Data
 ·Raw SEC Filings at sec.gov
Competitors:
 ·Sector: Financial
 ·Industry: Regional Banks
Company Website
 ·Home Page

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Ownership
·Insider and 5%+ Owners: 39%
·Over the last 6 months:
 · one insider sell; 4,000  shares
  (0.5% of insider shares)
·Institutional: 7% (11% of float)
(10 institutions)
·Net Inst. Selling: 12.0K shares (+10.00%)
(prior quarter to latest quarter)
More From Market Guide
 ·Highlights
 ·Performance
 ·Ratio Comparisons
Business Summary
Summit Bank Corporation is the bank holding company of Summit National Bank (the Bank). The Bank engages in commercial banking from its main office and three branch offices, all of which are located in its primary service area of northern metropolitan Atlanta, Georgia. The Bank has an additional fourth branch office in San Jose, California. The Bank seeks to serve four principal markets: individuals, professionals, and small to medium-sized businesses in the Bank's primary service areas; ethnic communities, comprised principally of Asian and Latin Americans, in the Bank's primary service areas, including businesses operated by members of such communities; individuals, professionals and businesses, in the primary service areas, requiring the international financial transaction services offered by the Bank; and foreign corporations and individuals, requiring specialized banking services (international private banking), in the Atlanta and San Jose metropolitan areas.
More from Market Guide: Expanded Business Description

Financial Summary
SBGA is a bank holding company for Summit National Bank, a commercial bank, which offers a full range of deposit services. For the six months ended 6/30/01, interest income rose 9% to $12.3 million. Net interest income after loan loss prov. fell 5% to $6.1 million. Net income fell 27% to $1.4 million. Net interest income reflects increased loan volume, offset by higher time deposit rates. Earnings reflect higher salaries and employee benefits.
More from Market Guide: Significant Developments

Officers[Insider Trade Data]
FY1999 Pay

Jack Halpern, 50
Chairman
--  
Pin Chau, 60
CEO, Director
$164K
David Yu, 49
Pres, Director
123K
Gerald Allison, 62
Vice Chairman
--  
Gary McClung, 44
Exec. VP, CFO and Sec.
101K
Dollar amounts are as of 31-Dec-1999 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc..
More from Market Guide on Officers & Directors:
Expanded List, Bios, Compensation, Options
Statistics at a Glance -- NasdaqNM:SBGAAs of 31-Aug-2001
Price and Volume
52-Week Low
on 22-Dec-2000
$12.761
Recent Price$15.20 
52-Week High
on 13-Feb-2001
$21.50 
Beta-0.02 
Daily Volume (3-month avg)1,136 
Daily Volume (10-day avg)1,000 
Stock Performance
[one-year price graph]
big chart [1d | 5d | 3m | 6m | 1y | 2y | 5y]
52-Week Change+17.7%
52-Week Change
relative to S&P500
+57.9%
Share-Related Items
Market Capitalization$30.0M
Shares Outstanding1.98M
Float1.20M
Dividends & Splits
Annual Dividend (indicated)$0.72 
Dividend Yield4.74%
Last Split: 6 for 5 on 13-Feb-2001
Per-Share Data
Book Value (mrq)$13.63 
Earnings (ttm)$1.65 
Earnings (mrq)$0.31 
Sales (ttm)$12.33 
Cash (mrq)$6.69 
Valuation Ratios
Price/Book (mrq)1.12 
Price/Earnings (ttm)9.19 
Price/Sales (ttm)1.23 
Income Statements
Sales (ttm)$24.4M
EBITDAN/A 
Income available to common (ttm)$3.27M
Profitability
Profit Margin (ttm)13.4%
Fiscal Year
Fiscal Year EndsDec 31
Most recent quarter30-June-2001
Management Effectiveness
Return on Assets (ttm)1.10%
Return on Equity (ttm)12.77%
Financial Strength
Current RatioN/A 
Long-Term Debt/Equity (mrq)0 
Total Cash (mrq)$13.2M
Short Interest
As of 8-Aug-2001
Shares Short1,000 
Percent of Float0.1%
Shares Short
(Prior Month)
0 
Short Ratio1.00 
Daily Volume1,000 
See Profile Help for a description of each item above;   K = thousands;   M = millions;   mrq = most-recent quarter;   ttm = trailing twelve months;   (as of 30-June-2001)

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