Slide 1: Summit Bank Corporation
Exhibit 99 SUMMIT BANK CORPORATION NASDAQ / SBGA June 2006
Slide 2: Forward-Looking Information
Forward-Looking Information Various matters discussed in this presentation may constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements may involve known and unknown risks, uncertainties, and other factors which ma
Slide 3: Corporate Profile
Corporate Profile • Headquartered in Atlanta, Georgia • Bank opened in 1988 • 8 full service banking offices in GA, CA and TX • Focus on ethnic business, international trade finance and small business lending • Financial highlights: 6/30/06 12/31/05 (In Millions, Except Per Share Data) - Assets $656
Slide 4: Executive Management Team
Executive Management Team • Pin Pin Chau – Joined Summit in 1993 CEO – Summit Bank Corporation CEO/President – The Summit National Bank • David Yu – Organized Summit in 1986 President – Summit Bank Corporation Chairman – The Summit National Bank • Thomas Flournoy, CPA – Joined Summit in 2005 Executi
Slide 5: Summit Locations
Summit Locations Atlanta, GA San Jose / Fremont, CA Houston, TX Shanghai, China San Diego, CA Legend Full Service Branch Loan Production Office Representative Office 5
Slide 6: Business Strategy
Business Strategy • One focus—owner-managed businesses • Two perspectives—bridging the immigrant and mainstream perspectives • Three segments—ethnic business, international business, small business lending • Four constituencies—customers, shareholders, employees, communities 6
Slide 7: Expansion Strategy
Expansion Strategy • Leading ethnic focused bank in Georgia • Target metropolitan areas with strong ethnic population growth • Asian-Indian, Chinese, German, Hispanic, Korean and Vietnamese groups • Driven demographically rather than geographically • Footprint Expansion July 2003 Branch in Fremont,
Slide 8: Investment Highlights
Investment Highlights • Unique & successful immigrant strategy • Attractive demographics • Growth markets with market share opportunity • Solid financial performance • Strong balance sheet growth • Diversified loan & deposit portfolio • Excellent asset quality 8
Slide 9: Summit Demographics
Summit Demographics • Unlike many banks catering to immigrants, we have a multi-cultural focus • Multi-lingual staff with ethnic backgrounds tailored to each local market’s demographics • Customers benefit from our diverse workforce and understanding of multiple cultures Deposits and Loans by Ethnic
Slide 10: Deposit Market Share - Georgia
Deposit Market Share by zip codes of operation—Georgia Rank Institution Deposits Mkt. Share Full Service ($000) (%) Branches 1 Wachovia Corp. (NC) 1,652,008 30.66 16 2 SunTrust Banks, Inc (GA) 1,011,538 18.77 17 3 Bank of America Corp. (NC) 777,877 14.44 11 4 FLAG Financial Corp. (GA) 512,222 9.51 3
Slide 11: Deposit Market Share - California
Deposit Market Share by zip codes of operation—California Rank Institution Deposits Mkt. Share Full Service ($000) (%) Branches 1 Bank of America Corp. (NC) 645,512 37.41 4 2 Well Fargo & Co. (CA) 394,055 22.83 3 3 Citigroup, Inc. (NY) 149,476 8.66 2 4 Golden West Financial (CA) 124,369 7.21 1 5 Fre
Slide 12: Deposit Market Share - Texas
Deposit Market Share by zip codes of operation—Texas Rank Institution Deposits Mkt. Full Service ($000) Share Branches (%) 1 MetroCorp Bancshares Inc. (TX) 372,962 25.94 2 2 Wells Fargo & Co. (CA) 201,279 14.00 2 3 Texas First National Bank (TX) 196,441 13.67 1 4 JPMorgan Chase & Co. (NY) 192,578 13
Slide 13: Deposit Composition
Deposit Composition Summit* % of Concord % of Consolidated % of Category (000s) Portfolio (000s) Portfolio (000s) Portfolio Noninterest Bearing Demand $103,111 21.4 % $5,970 6.8 % $109,081 19.1 % Interest Bearing Demand 90,625 18.8 8,102 9.1 98,727 17.4 Savings 11,389 2.4 536 0.6 11,925 2.1 Jumbo Ti
Slide 14: Loan Composition
Loan Composition • Approximately 99% of the portfolio is commercial • Roughly 79% of portfolio secured by real estate; 13% of all loans are SBA loans • Approximately 71% of the portfolio is variable (tied to prime) • Average outstanding loan size: $380,000; average new loan size: $541,000 Summit* %
Slide 15: Loan Composition by Industry & State
Loan Composition by Industry & State By Industry By State Construction Individuals 1.4% 0.8% Manufacturing 21% Religious Wholesale 0.9% Retail Business 3.0% 6.7% 31.1% Services 13.6% 16% 63% Georgia California Commercial Real Estate Texas 42.5% Data as of 6/30/06 15
Slide 16: Asset Quality (%)
Asset Quality (%) 1.60 1.40 1.33 1.28 1.34 1.27 1.33 1.20 1.12 1.00 0.84 0.80 0.60 0.39 0.38 0.33 0.40 0.21 0.18 0.16 0.17 0.20 0.12 0.00 2002 2003 2004 2005 6/30/2006 NPAs/Loans + OREO NCOs/Avg Loans Reserves/Loans 16
Slide 17: Balance Sheet Growth ($ Millions)
Balance Sheet Growth ($ Millions) Assets Deposits 700 657 Loans 600 548 570 526 500 477 438 449 434 403 400 369 358 339 317 317 300 259 200 100 0 2002 2003 2004 2005 6/30/2006 17
Slide 18: Concord Bank, a Division of The Summit National Bank
Concord Bank, a Division of The Summit National Bank Acquisition of Concord Concord Attributes (Dollars in Thousands) Total Assets $119,950 • High performance level Deposits 107,836 Total Loans 95,956 • Continuity of strong management Loans / Deposits 88.98% • Excellent loan quality Equity / Assets
Slide 19: Financial Performance
Financial Performance Net Income ($ Millions) Return on Average Equity (%) 7 19.00 17.36 6.11 6 5.15 15.09 15.29 15.32 16.00 14.61 4.82 5 13.18 4.14 4 13.00 3.09 3 2.66 10.00 2 1 7.00 0 2002 2003 2004 2005 six six 4.00 2002 2003 2004 2005 six six months months months months ended ended ended ended 6
Slide 20: Financial Performance
Financial Performance Quarterly Net Interest Margin (%) Annual Net Interest Margin (%) 4.65 4.55 4.50 4.49 4.50 4.49 4.50 4.40 4.31 4.35 4.30 4.35 4.20 4.10 4.25 4.10 4.04 4.20 3.96 4.00 4.08 4.05 3.90 3.80 3.90 3.70 3.60 3.75 Q1 Q2 Q3 Q4 Q1 Q2 2002 2003 2004 2005 six '05 '05 '05 '05 '06 '06 months
Slide 21: International Fee & Interest Income ($000)
International Fee & Interest Income ($000) 2000 1942 1600 1322 1228 1200 1073 978 869 800 400 0 2002 2003 2004 2005 six six months months ended ended 6/30/05 6/30/06 • International banking services include inbound and outbound international fund transfers, documentary collections, import and export
Slide 22: Financial Performance
Financial Performance Diluted Earnings per Share ($) & Cash Dividends per Share ($) EPS Dividend 1.20 1.07 1.00 0.85 0.91 0.74 0.80 0.60 0.40 0.48 0.40 0.35 0.40 0.27 0.20 0.20 0.00 2002 2003 2004 2005 six months ended 6/30/06 22
Slide 23: Capital Ratios
Capital Ratios Pre- Post- Acquisition Acquisition 12/31/05 6/30/06 Tier 1 Leverage 9.37 % 9.60 % Tier 1 Risk – Based Capital 12.91 12.79 Total Risk – Based Capital 14.12 14.02 Equity / Assets 6.97 8.79 Tang. Equity / Tang. Assets 6.70 7.27 • We target a tangible equity / tangible assets ratio of 6.5
Slide 24: Building Shareholder Value
Building Shareholder Value • Position ourselves as the preeminent ethnic focused bank in the Southeast by doing what we do best—banking owner-managed businesses and companies with international trade needs • Continue successfully integrating acquisition of Concord Bank • Leverage our human, financia
Slide 25: Summit Bank Corporation
SUMMIT BANK CORPORATION NASDAQ / SBGA June 2006