Dennis Kelley - Summit State CFO and Executive VP

SSBI Stock  USD 9.79  0.01  0.10%   

CFO

Mr. Dennis E. Kelley is Chief Financial Officer, Senior Vice President of Summit State Bank, since January 2005. From January 2001 to December 2004 he was an Investment RepresentativeRegistered Investment Advisor for A. G. Edwards. From January 2000 to December 2000 he was Chief Financial Officer for Bank of Petaluma. From 1996 to 1999 he served as Chief Operating Officer and from 1986 to 1995 he served as Chief Financial Officer of National Bank of the Redwoods and its parent company, Redwood Empire Bancorp. since 2005.
Age 58
Tenure 19 years
Address 500 Bicentennial Way, Santa Rosa, CA, United States, 95403
Phone707 568 6000
Webhttps://summitstatebank.com

Summit State Management Efficiency

The company has return on total asset (ROA) of 0.0123 % which means that it generated a profit of $0.0123 on every $100 spent on assets. This is way below average. Similarly, it shows a return on stockholder's equity (ROE) of 0.1515 %, meaning that it created $0.1515 on every $100 dollars invested by stockholders. Summit State's management efficiency ratios could be used to measure how well Summit State manages its routine affairs as well as how well it operates its assets and liabilities. The Summit State's current Return On Capital Employed is estimated to increase to 0.30, while Return On Tangible Assets are projected to decrease to 0.01. As of now, Summit State's Fixed Asset Turnover is increasing as compared to previous years. The Summit State's current Asset Turnover is estimated to increase to 0.06, while Total Assets are projected to decrease to under 576 M.
The company currently holds 6.91 M in liabilities. Debt can assist Summit State until it has trouble settling it off, either with new capital or with free cash flow. So, Summit State's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Summit State Bank sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Summit to invest in growth at high rates of return. When we think about Summit State's use of debt, we should always consider it together with cash and equity.

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Summit State Bank provides various banking products and services to individuals and businesses primarily in Sonoma County, California. Summit State Bank was incorporated in 1982 and is headquartered in Santa Rosa, California. Summit State operates under BanksRegional classification in the United States and is traded on NASDAQ Exchange. It employs 107 people. Summit State Bank (SSBI) is traded on NASDAQ Exchange in USA and employs 112 people. Summit State is listed under Regional Banks category by Fama And French industry classification.

Management Performance

Summit State Bank Leadership Team

Elected by the shareholders, the Summit State's board of directors comprises two types of representatives: Summit State inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Summit. The board's role is to monitor Summit State's management team and ensure that shareholders' interests are well served. Summit State's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Summit State's outside directors are responsible for providing unbiased perspectives on the board's policies.
Ronald Metcalfe, Director
Wayne Hoffer, Senior President
Nancy Farber, Corporate Secretary
Brandy Seppi, Chief Credit Officer and Executive VP
Bradley Baker, Director
Karen Holloway, Senior President
Eugene Traverso, Director
Samuel Kapourales, Director
Genie Secco, Executive COO
Nicholas Rado, Director
James Brush, Director
Linda Bertauche, COO and Executive VP
John DeMeo, Director
Dennis Kelley, CFO and Executive VP
Camille Kazarian, Executive CFO
Michael Donovan, Director
Richard Dorr, Director
James Baxter, Director
Barbara Gradman, Corporate Secretary
Allan Hemphill, Chairman of the Board
Michael Floyd, Executive Officer
Todd Fry, Director
Jeffrey Allen, Director
Joseph Helmer, Director
Richard Pope, Director
Marshall Reynolds, Director
Brian Reed, Executive Vice President Chief Credit Officer
Elaina Hunt, Vice Relations
Thomas Duryea, CEO and President Director, Member of Internal Asset Review Committee, Member of Asset-Liability Management and Investment Committee, Member of Loan Committee and Member of Information Technology Steering Committee
William Fogarty, Senior Vice President Chief Credit Officer
Patty Hoagland, Director Services
Josh Cox, Director
Michael Castlio, Executive Officer

Summit Stock Performance Indicators

The ability to make a profit is the ultimate goal of any investor. But to identify the right stock is not an easy task. Is Summit State a good investment? Although profit is still the single most important financial element of any organization, multiple performance indicators can help investors identify the equity that they will appreciate over time.

Currently Active Assets on Macroaxis

When determining whether Summit State Bank offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Summit State's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Summit State Bank Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Summit State Bank Stock:
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Summit State Bank. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in bureau of labor statistics.
Note that the Summit State Bank information on this page should be used as a complementary analysis to other Summit State's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Portfolio File Import module to quickly import all of your third-party portfolios from your local drive in csv format.

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When running Summit State's price analysis, check to measure Summit State's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Summit State is operating at the current time. Most of Summit State's value examination focuses on studying past and present price action to predict the probability of Summit State's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Summit State's price. Additionally, you may evaluate how the addition of Summit State to your portfolios can decrease your overall portfolio volatility.
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Is Summit State's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Summit State. If investors know Summit will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Summit State listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
(0.54)
Dividend Share
0.48
Earnings Share
1.62
Revenue Per Share
6.703
Quarterly Revenue Growth
(0.16)
The market value of Summit State Bank is measured differently than its book value, which is the value of Summit that is recorded on the company's balance sheet. Investors also form their own opinion of Summit State's value that differs from its market value or its book value, called intrinsic value, which is Summit State's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Summit State's market value can be influenced by many factors that don't directly affect Summit State's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Summit State's value and its price as these two are different measures arrived at by different means. Investors typically determine if Summit State is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Summit State's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.