SSBI
Income statement / Annual
Last year (2023), Summit State Bank's total revenue was $40.33 M,
a decrease of 18.73% from the previous year.
In 2023, Summit State Bank's net income was $10.82 M.
See Summit State Bank,s key income statements, including revenue, expenses, profit, and income.
| Period |
FY-2023
|
FY-2022
|
FY-2021
|
FY-2020
|
FY-2019
|
FY-2018
|
FY-2017
|
FY-2016
|
FY-2015
|
FY-2014
|
| Period Ended |
12/31/2023 |
12/31/2022 |
12/31/2021 |
12/31/2020 |
12/31/2019 |
12/31/2018 |
12/31/2017 |
12/31/2016 |
12/31/2015 |
12/31/2014 |
| Operating Revenue |
$40.33 M |
$49.63 M |
$42.06 M |
$34.71 M |
$25.64 M |
$23.93 M |
$20.29 M |
$20.69 M |
$20.28 M |
$18.91 M |
| Cost of Revenue |
-$25.11 M
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
| Gross Profit |
$65.44 M
|
$49.63 M
|
$42.06 M
|
$34.71 M
|
$25.64 M
|
$23.93 M
|
$20.29 M
|
$20.69 M
|
$20.28 M
|
$18.91 M
|
| Gross Profit Ratio |
1.62
|
1
|
1
|
1
|
1
|
1
|
1
|
1
|
1
|
1
|
| Research and Development Expenses |
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
| General & Administrative Expenses |
$17.11 M
|
$16.25 M
|
$15.81 M
|
$13.59 M
|
$12.16 M
|
$11.57 M
|
$10.05 M
|
$8.73 M
|
$7.46 M
|
$7.31 M
|
| Selling & Marketing Expenses |
$1.27 M
|
$1.48 M
|
$959,000.00
|
$764,000.00
|
$649,000.00
|
$808,000.00
|
$828,000.00
|
$883,000.00
|
$655,000.00
|
$682,000.00
|
| Selling, General & Administrative Expenses |
$18.39 M
|
$17.73 M
|
$16.77 M
|
$14.36 M
|
$12.81 M
|
$12.38 M
|
$10.88 M
|
$9.61 M
|
$8.11 M
|
$7.99 M
|
| Other Expenses |
$0.00
|
-$36.96 M
|
-$37.95 M
|
-$34.13 M
|
-$29.57 M
|
-$24.31 M
|
-$23.11 M
|
-$20.63 M
|
-$17.20 M
|
-$16.56 M
|
| Operating Expenses |
$18.39 M
|
-$19.23 M
|
-$21.18 M
|
-$19.77 M
|
-$16.76 M
|
-$11.94 M
|
-$12.22 M
|
-$11.01 M
|
-$9.09 M
|
-$8.57 M
|
| Cost And Expenses |
$18.39 M
|
-$19.23 M
|
-$21.18 M
|
-$19.77 M
|
-$16.76 M
|
-$11.94 M
|
-$12.22 M
|
-$11.01 M
|
-$9.09 M
|
-$8.57 M
|
| Interest Income |
$59.83 M
|
$48.66 M
|
$41.73 M
|
$36.20 M
|
$29.78 M
|
$25.31 M
|
$20.48 M
|
$19.55 M
|
$18.25 M
|
$17.75 M
|
| Interest Expense |
$24.78 M
|
$6.53 M
|
$4.37 M
|
$6.16 M
|
$7.03 M
|
$3.95 M
|
$2.14 M
|
$1.23 M
|
$936,000.00
|
$1.02 M
|
| Depreciation & Amortization |
$385,000.00
|
$391,000.00
|
$392,000.00
|
$419,000.00
|
$395,000.00
|
$346,000.00
|
$339,000.00
|
$312,000.00
|
$390,000.00
|
$425,000.00
|
| EBITDA |
$15.67 M |
$24.26 M |
$21.29 M |
$15.37 M |
$9.37 M |
$8.39 M |
$6.26 M |
$8.76 M |
$10.65 M |
$9.76 M |
| EBITDA Ratio |
0.39
|
0.62
|
0.51
|
0.44
|
0.37
|
0.52
|
0.41
|
0.48
|
0.57
|
0.57
|
| Operating Income Ratio |
0.54
|
0.61
|
0.5
|
0.43
|
0.35
|
0.5
|
0.4
|
0.47
|
0.55
|
0.55
|
| Total Other Income/Expenses Net |
-$6.66 M
|
-$5.66 M
|
-$5.02 M
|
-$4.55 M
|
-$3.89 M
|
-$3.86 M
|
-$3.73 M
|
$0.00
|
$0.00
|
$0.00
|
| Income Before Tax |
$15.28 M
|
$23.87 M
|
$20.88 M
|
$14.94 M
|
$8.88 M
|
$8.04 M
|
$5.92 M
|
$8.45 M
|
$10.26 M
|
$9.33 M
|
| Income Before Tax Ratio |
0.38
|
0.48
|
0.5
|
0.43
|
0.35
|
0.34
|
0.29
|
0.41
|
0.51
|
0.49
|
| Income Tax Expense |
$4.46 M
|
$6.90 M
|
$6.18 M
|
$4.42 M
|
$2.40 M
|
$2.22 M
|
$2.63 M
|
$3.48 M
|
$4.23 M
|
$3.85 M
|
| Net Income |
$10.82 M
|
$16.97 M
|
$14.70 M
|
$10.52 M
|
$6.48 M
|
$5.83 M
|
$3.29 M
|
$4.97 M
|
$6.03 M
|
$5.49 M
|
| Net Income Ratio |
0.27
|
0.34
|
0.35
|
0.3
|
0.25
|
0.24
|
0.16
|
0.24
|
0.3
|
0.29
|
| EPS |
1.62 |
2.54 |
2.2 |
1.58 |
0.97 |
0.87 |
0.5 |
0.75 |
0.9 |
0.82 |
| EPS Diluted |
1.62 |
2.54 |
2.2 |
1.57 |
0.97 |
0.87 |
0.49 |
0.75 |
0.89 |
0.81 |
| Weighted Average Shares Out |
$6.70 M
|
$6.69 M
|
$6.68 M
|
$6.68 M
|
$6.68 M
|
$6.67 M
|
$6.63 M
|
$6.61 M
|
$6.58 M
|
$6.57 M
|
| Weighted Average Shares Out Diluted |
$6.70 M
|
$6.69 M
|
$6.68 M
|
$6.68 M
|
$6.68 M
|
$6.68 M
|
$6.66 M
|
$6.64 M
|
$6.65 M
|
$6.64 M
|
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