Summit State Bank turns to Q2 FY26 net loss of $1.31 million; net interest margin widens 0.29 percentage point to 3.95%

• Summit State Bank reported a net loss of $1.31 million, or $0.19 per diluted share, for Q2 2026, turning from profit a year earlier.
• Provision for credit losses on loans was $5.92 million, with net charge-offs of $8.66 million tied to a review of higher-risk credits.
• Net interest margin widened to 3.95%, up 29 basis points from a year earlier, as interest expense fell 21.3% to $4.73 million.
• Non-performing assets fell to $20.76 million from $35.17 million in the prior quarter, reflecting loan sales and a partial charge-off.
• Tier 1 leverage ratio rose to 10.84%, while total liquidity was $456.57 million, or 47.6% of total assets.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Summit State Bank published the original content used to generate this news brief on July 28, 2026, and is solely responsible for the information contained therein.