Summit State Bank SSBI
$12.79 $0.13 (1.01%) 1D
Last Updated: Aug 19, 12:00 AM·NASDAQ
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SSBI Shariah Compliance
Screening Methodology: AAOIFI
As of August 2026, Summit State Bank is classified as not halal.
NOT HALAL
Report Source: undefined Quarter Report
Summit State Bank. Stock Analysis SSBI
United States Financials Micro Cap Summit State Bank engages in providing an array of financial services to small and medium-sized businesses, their owners and employees, entrepreneurs, high net worth families, foundations, estates, and individual consumers. The company is headquartered in Santa Rosa, California and currently employs 103 full-time employees. The company went IPO on 2006-07-14. The Bank operates a traditional community banking business within its primary service area of Sonoma County in California. The company provides an array of financial services for small to medium-sized businesses and their owners and employees, entrepreneurs, families, foundations, estates and individual consumers. The Bank offers depository and lending services primarily to meet the needs of its business, nonprofit organization, and individual clientele. These services include a variety of transaction, money market, savings and time deposit account alternatives. The Bank's lending activities are primarily focused on commercial real estate, construction, and business loans. The company provides a set of loan products, such as commercial loans and leases, lines of credit, commercial real estate loans, Small Business Administration (SBA), loans and others. Its branch locations include Santa Rosa, Petaluma, Rohnert Park and Healdsburg.
Summit State Bank (SSBI) Chart
Financial Metrics & Statements of Summit State Bank (SSBI)
FAQ's for Summit State Bank (SSBI)
- As of August 2026, Summit State Bank SSBI is classified as not halal according to Musaffa’s Shariah screening methodology. This classification is based on an assessment of the company’s business activities and financial ratios against Islamic investment guidelines.
- A stock is Shariah-compliant if the company operates in permissible business activities and meets Islamic financial screening thresholds. Musaffa analyzes Summit State Bank using these criteria to determine its compliance status.
- Muslim investors may consider investing in Summit State Bank if it meets Shariah compliance standards. Investors typically review the company’s business activities, debt levels, and non-permissible income before making a decision.
- Musaffa determines the Shariah status of Summit State Bank by analyzing whether the company’s core business operations are permissible and whether its financial ratios fall within accepted Islamic thresholds.
- The Shariah compliance status of Summit State Bank may be updated periodically when new financial statements, earnings reports, or business activity information become available.
- Yes. A stock that is currently Shariah-compliant may become non-compliant if the company’s financial ratios exceed Shariah thresholds or its business activities change.
- You can check the latest Shariah compliance status of Summit State Bank on Musaffa’s stock page, where screening results and key financial indicators are updated to help Muslim investors make informed decisions.