Summit State Bank Reports Q3 Net Income of $818,000
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Summit State Bank reported a Q3 net income of $818,000 ($0.12 per diluted share) for the quarter ending September 30, 2025, an increase from $626,000 ($0.09 per diluted share) in Q3 2024, but a decrease from $2.4 million ($0.36 per diluted share) in Q2 2025. The net interest margin was 3.5%, up from 2.7% in Q3 2024 but down from 3.7% in Q2 2025. The bank suspended cash dividends for Q3 2025 to enhance its capital base and liquidity.
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