Summit State Bank Balance Sheet - Annual (NASDAQ:SSBI)

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$13.1 $0.05 (0.38%) SSBI stock closing price Apr 28, 2017 (Closing)

The Summit State Bank balance sheet is a snapshot of the company's financial health at a given point of time, whereas the other two financial statements are for a particular accounting period. As in our Summit State Bank stock analysis, analyzing a company also involves looking at the company's assets and liabilities as given in its balance sheet, which can be used to measure financial performance. Quarterly results announcements include the release of all three financial statements, of which the balance sheet is one. Summit State Bank had a long term debt of $13.75M at the end of 2011. View latest and last 10 year balance sheet data to check Summit State Bank financial performance..

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Fiscal year is Jan - Dec. 2011 2010 2009 2008 2007
Cash8.29M12.48M2.93M3.65M12.8M
Marketable Securities----0.08M
Receivables276.56M287.01M295.28M304.87M271.45M
Inventory1.07M0.75M---
Raw Materials-----
Work In Progress-----
Finished Goods-----
Notes Receivable-----
Other Current Assets-----
Summit State Bank Total Current Assets
285.92M300.25M298.21M308.52M284.33M
Property Plant & Equipment-----
Accumulated Depreciation-----
Summit State Bank Net Property Plant & Equipment
6.73M7.3M7.72M7.81M8.46M
Investment & Advances90.85M36.25M30.34M44.12M43.27M
Other Non-Current Assets-----
Deferred Charges-----
Intangibles4.11M4.11M4.11M4.11M4.11M
Deposits & Other Assets-----
Summit State Bank Total Assets
387.62M347.93M340.4M364.58M340.19M
Notes Payable-----
Accounts Payable312.05M279.97M264.25M252.76M249.01M
Current Portion Long-Term Debt-----
Current Portion Capital Leases-----
Accrued Expenses0.8M0.64M0.52M0.85M0.85M
Income Taxes Payable-----
Other Current Liabilities-----
Summit State Bank Total Current Liabilities
312.86M280.62M264.77M253.61M249.87M
Mortgages-----
Deferred Taxes/Income-----
Convertible Debt-----
Long-Term Debt13.75M12M20.12M55.42M42.6M
Non-Current Capital Leases-----
Other Long-Term Liabilities-----
Summit State Bank Total Liabilities
326.61M292.62M284.89M309.03M292.47M
Minority Interest-----
Preferred Stock13.66M8.11M7.98M7.86M-
Common Stock Net36.35M36.31M36.89M36.25M36.24M
Capital Surplus-----
Retained Earnings10.03M10.16M10.61M10.75M11.45M
Treasury Stock-----
Other Liabilities0.96M0.72M-0.67M0.01M
Summit State Bank Shareholders Equity
61M55.3M55.5M55.54M47.71M
Summit State Bank Total Liabilities & Shareholders Equity
387.62M347.93M340.4M364.58M340.19M
All figures in USD. M: Millions of USD, B: Billions of USD.
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Looking at Summit State Bank historical stock prices and the current Summit State Bank stock price can tell you how the stock price has moved, whereas the Summit State Bank PE ratio chart shows if its shares are overpriced in comparison to peers. The important things to look for in a balance sheet are:
  • Assets: SSBI total assets, which was at $387.62M for 2011 is a balance sheet item representing value of what Summit State Bank owns. Assets are brought to aid a firms operations, or to increase its economic value. It must be noted that tech stocks may not have a lot of assets, as the value for these companies is often derived from future earning potential.
  • Liabilities: The total liabilities of Summit State Bank for 2011 total to $326.61M. Liabilities for a company like Summit State Bank include bank loans, services which have been availed for which a settlement in the form of cash/ asset transfer needs to be done in future etc. A firm takes on such obligations to grow its business which in turn will generate future economic benefits for its business.
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