This institution is no longer active

Operations ceased on March 19, 1993. CRA examination history below reflects the period it was active.

SUMMIT BANK OF MARION

MARION, IN · Supervised by FDIC

Est. 1862FDIC #4,357RSSD: FDIC-4357

Part ofFIRST CHICAGO NBD CORP→ View all charters

Outstanding

Current rating · Exam: February 1992

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At a Glance

Community Lending (CRA)

Outstanding

Exceeds federal requirements for lending in low- and moderate-income communities

Financial Health

Strong

ROA 1.21%

Is this bank safe?

SUMMIT BANK OF MARION earned an Outstanding CRA rating (1992), is financially strong (ROA +1.21%). Overall, this bank appears financially sound.

Institution Profile

FDIC BankFind

Address

402 South Washington Street, MARION, IN

County

Grant County

Established

January 1, 1862

Total Assets

$185M(latest call report)

Community Reinvestment Rating

CRA / FFIEC

Federal regulators examine banks to ensure they lend and invest in the communities they serve, especially low- and moderate-income areas.

Overall Rating

Outstanding

Exceeds federal requirements for lending in low- and moderate-income communities

Exam Date

February 15, 1992

Exam Type

Not Reported

Regulator

FDIC

What is a CRA rating? →

⚠️This exam is 34 years old — CRA data may not reflect current lending practices. Regulators typically re-examine banks every 2–4 years.

Estimated next exam:Overdue(based on asset size)

Financial Snapshot

As of Q4 1992Call Report / FDIC

Total Assets

$185M

Total Deposits

$153M

Net Loans

$140M

Net Income

$2M

ROA

1.21%

Above avg for Small banks. Peer avg: 0.44%

ROE

15.50%

Risk-Based Capital

11.97%

Below avg for Small banks. Regulatory min: 8%

Total Assets — Last 8 Quarters

Total AssetsROA

Peer Comparison

Small banks

Compared to the peer-bank Small peer group (same asset tier).

ROA1.21%Peer avg: 0.44%▲ Above avg

Risk-Based Capital11.97%Peer avg: 23.03%▼ Below avg

Unlock peer list → See which specific banks are in this peer group.

This is the only examination on record for this bank.

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