Summit State Bank reported a net income of $1,067,000 for Q4 2025, a turnaround from a loss in Q4 2024. For the full year 2025, net income was $6,796,000 compared to a loss in 2024. The bank saw improvements in net interest margin, non-performing assets, and Tier 1 Leverage ratio.

In Q4 2025, net interest margin was 3.62%, up from 2.88% in Q4 2024. Interest income decreased slightly, but interest expense decreased by 24%. Noninterest income saw a loss due to valuation adjustments. Operating expenses decreased, reflecting cost management efforts.

Balance sheet improvements were seen in reduced risk, with net loans decreasing by 8% and total deposits decreasing by 7% compared to 2024. The bank’s Tier 1 Leverage ratio increased to 10.37%. Non-performing assets decreased to $27,346,000 in Q4 2025.

Credit quality improved, with reductions in non-performing loans and net charge-offs. The allowance for credit losses increased to 1.71% of total loans. Summit State Bank remains committed to conservative reserving and risk reduction strategies. Net charge-offs were zero in Q4 2025.

Summit State Bank’s focus on operational efficiencies and expense management led to positive results in 2025. The bank continues to serve local businesses and families with quality banking services. The bank’s stock is traded on the Nasdaq Global Market under the symbol SSBI. For more information, visit www.summitstatebank.com.

Read more at GlobeNewswire: Summit State Bank Earns $1,067,000, or $0.16 Per Diluted