2006 was a busy year for Summit Bank. In its third year of business, Summit realized significant growth by all measures, nearly doubled its staff size, and as a result of its commitment to adopt technology to make banking more efficient for its professional and business customers, the Bank saw continuedstrong growth in the use of its remote deposit services.

“It was a good year!” said Ann Marie Mehlum, Summit’s chief executive officer. “We grew our customer base by over 40 percent, and now serve some of the area’s premier professional groups and businesses. Their confidence in us has allowed us to attain this growth.”

Summit’s assets at year-end were $76.7 million, an increase of $24.2 million or 46 percent over the previous year. Loan production showed strength with growth of $25.9 million or 76 percent. Deposits grew more than 47 percent over the previous year and now total $62.3 million. Additionally, Summit purchased its headquarters building in downtown Eugene.

The bank posted net income of $634,000 or $.64 per fully diluted share for the year.