Summit State Bank Shares Flat as Investors Watch Credit Risk
Summit State Bank closed Friday at $13.57, nearly flat for the week in light post-holiday trading. First-quarter net income fell to $1.67 million from $2.49 million a year earlier, while non-performing assets rose to $35.2 million. Net loans dropped 12% to $776.1 million. The stock trades near its 52-week high.