Summit Bank Group Reports Record Earnings for 4th Quarter 2025

EUGENE, Ore.--(BUSINESS WIRE)--Jan 28, 2026--

Summit Bank Group (OTCID: SBKO):

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Summit Bank Group reported net income for the fourth quarter of $4.18 million or 53 cents per fully diluted share, which was the highest ever single quarter earnings per share for the Company, outperforming the previous quarter’s result of 50 cents per share, which was also a best ever result for the Company. Comparable earnings for fourth quarter of 2024 were $3.01 million or 39 cents per fully diluted share, representing an increase of 38.6 percent to earnings per fully diluted share. Continued increases to net interest income combined with lower provision for loan losses for both the fourth quarter and the fiscal year were the primary drivers of the robust earnings growth.

“The improving net interest income was the result of increased core deposits coupled with a reduction of certificate of deposit balances,” said Craig Wanichek, president and CEO. “The lower loan provision expense was the product of improvement in our trucking segment and the Bank’s loan portfolio metrics remaining strong.” The strong interest income performance included a modest non-recurring charge related to a legacy system adjustment.

The Bank continues to achieve accretive growth in its loan and deposit portfolios with $59.8 million in net new loans added over the last twelve months. Total deposit growth during the same period was lower by comparison at $8.0 million, however deposit mix has been substantially improved with a $70.2 million reduction in certificates of deposit, while demand and money market deposit totals increased by $78.2 million or 7.6 percent.

“We were excited to add foundational-type relationships in all of our markets throughout the year,” said Wanichek, “and are seeing substantial growth in professional firms, new and existing locally owned businesses and non-profits. Overall, Summit Banking Group’s fourth quarter results reflect continued strength in both loan and deposit demand, reflecting the confidence our clients place in Summit Bank and the resilience of the Oregon markets we serve. As we look ahead with cautious optimism, we are focused on delivering responsive, relationship-driven banking that supports sustainable growth.”

The Bank continues to maintain ample liquidity with cash and Available for Sale (AFS) short-term securities totaling $147.0 million, which represented 11.5 percent of total assets as of December 31, 2025, compared to $169.5 million or 13.1 percent of total assets as of September 30, 2025. The modest decline from third quarter is consistent with the typical seasonal patterns of our clients. The Bank maintains secured borrowing commitments from the Federal Home Loan Bank and the Federal Reserve Bank with total available borrowing capacity as of December 31, 2025, of $337 million, or 26.4 percent of total assets. Combined, the Bank’s cash and available secured borrowing as of December 31, 2025 totaled $457 million. This total increased during the fiscal year from $438 million as of December 31, 2024. The December 31, 2025 total is equal to 35.7 percent of total assets and 123 percent of total estimated uninsured deposits.

Return on average equity for the fourth quarter was the fourth consecutive quarter in excess of 13.0 percent at 13.6 percent. Full year return on equity was a three-year best at 12.3 percent. Total shareholders’ equity ended the fourth quarter at $124.7 million, an increase of $15.9 million or 14.7 percent since December 31, 2024. As the Company continues its 22 nd year of operations, capital levels remain very strong, supporting consistent asset growth with similarly strong retained earnings which have totaled $59.0 million over the last five years.

Total non-performing assets declined during the fourth quarter to 0.31 percent of total assets from 0.37 percent as of the previous quarter end.

Summit Bank Group Inc., through its wholly owned subsidiary Summit Bank, maintains offices in Eugene, Central Oregon, and Portland, specializing in providing high-level service to professionals and medium-sized businesses and their owners. The Bank was voted for the fifth year in a row as one of Oregon’s “Top 100 Companies to Work For,” according to Oregon Business Magazine. In 2023, 2024 and 2025, Summit Bank was honored as “Favorite Bank” in the Eugene Register-Guard’s annual Reader’s Choice Awards and “Best Bank” by Central Oregon’s Bend Bulletin. Summit Bank Group Inc. is quoted on the OTCID under the symbol SBKO. It was named in January as a Top 10 Place to Work for Working Parents, according to the Eugene Area Chamber of Commerce.

 

Summit Bank Group Reports Record Earnings for 4th Quarter 2025

HOUSTON (AP) — A Texas man who at one time escaped from custody and was on the run for three days after being sentenced to death for fatally shooting his ex-girlfriend and her new boyfriend nearly 27 years ago was scheduled on Wednesday to be the first person executed in the U.S. this year.

Charles Victor Thompson was condemned for the April 1998 shooting deaths of his ex-girlfriend, Glenda Dennise Hayslip, 39; and her new boyfriend, Darren Keith Cain, 30, at her apartment in the Houston suburb of Tomball.

Thompson, 55, was scheduled to receive a lethal injection Wednesday evening at the state penitentiary in Huntsville.

Prosecutors say Thompson and Hayslip had been romantically involved for a year but split after Thompson “became increasingly possessive, jealous and abusive.”

According to court records, Hayslip and Cain were dating when Thompson came to Hayslip’s apartment and began arguing with Cain around 3 a.m. the night of the killings. Police were called and told Thompson to leave the apartment complex. Thompson returned three hours later and shot both Hayslip and Cain, who died at the scene. Hayslip died in the hospital a week later.

“The Hayslip and Cain families have waited over twenty-five years for justice to occur,” prosecutors with the Harris County District Attorney’s Office said in court filings.

Thompson’s attorneys have asked the U.S. Supreme Court to stay his execution, arguing Thompson was not allowed to refute or confront the prosecution's evidence that concluded Hayslip died from a gunshot wound to the face. Thompson's attorneys have argued Hayslip actually died from flawed medical care she received after the shooting that resulted in severe brain damage sustained from oxygen deprivation following a failed intubation.

The Texas Board of Pardons and Paroles on Monday denied Thompson’s request to commute his death sentence to a lesser penalty.

“If he had been able to raise a reasonable doubt as to the cause of Ms. Hayslip’s death, he would not be guilty of capital murder,” Thompson’s attorneys said in court filings with the Supreme Court.

Prosecutors said a jury has already rejected the claim and, concluded under state law that Thompson is responsible for Hayslip’s death because it “would not have occurred but for his conduct.”

Hayslip’s family had filed a lawsuit against one of her doctors, alleging medical negligence during her treatment left her brain-dead. A jury in 2002 found in favor of the doctor.

Thompson had his death sentence overturned and had a new punishment trial held in November 2005. A jury again ordered him to die by lethal injection.

Shortly after being resentenced, Thompson escaped from the Harris County Jail in Houston by walking out the front door virtually unchallenged by deputies. Thompson later told The Associated Press that after meeting with his attorney in a small interview cell, he slipped out of his handcuffs and orange jail jumpsuit and left the room, which was unlocked. Thompson waived an ID badge fashioned out of his prison ID card to get past several deputies.

“I got to smell the trees, feel the wind in my hair, grass under my feet, see the stars at night. It took me straight back to childhood being outside on a summer night,” Thompson said about his three days on the run during a 2005 interview with the AP. He was arrested in Shreveport, Louisiana, while trying to arrange for wire transfers of money from overseas so he could make it to Canada.

If the execution is carried out, Thompson would be the first person put to death this year in the United States. Texas has historically held more executions than any other state, though Florida had the most executions in 2025, with 19.

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This photo provided by Texas Department of Criminal Justice. shows Texas death row inmate Charles Victor Thompson. (Texas Department of Criminal Justice via AP)