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Serving as the parent organization for 1ST SUMMIT BANK, 1ST SUMMIT BANCORP of Johnstown, Inc. delivers a comprehensive suite of financial solutions. The bank facilitates various deposit accounts, including checking, savings, money market, and individual retirement accounts (IRAs), alongside both interest-bearing and noninterest-bearing demand and time deposits, and certificates of deposit. Its lending portfolio spans residential property, commercial real estate, general commercial, and consumer financing. Additionally, the institution provides wealth management, investment advisory, and trust…
JOHNSTOWN, Pa.--(BUSINESS WIRE)--1st Summit Bancorp of Johnstown, Inc. (“1st Summit” or the “Company”) reported net income of $2.3 million for the first quarter of 2026, an increase of 34.7% compared to the fourth quarter of 2025. Results for the quarter included a $446 thousand gain on the sale of approximately $17 million of longer-duration securities. Excluding this item, adjusted net income was $1.9 million, representing a 13.4% increase over the prior quarter. The first quarter reflects co.
JOHNSTOWN, Pa.--(BUSINESS WIRE)--1ST SUMMIT BANCORP OF JOHNSTOWN today announced financial results for the quarter ended December 31, 2025. Net income for the fourth quarter totaled $1.7 million, consistent with the prior quarter, as the Company took steps to intentionally control growth while further strengthening its core earnings profile. Results for the quarter reflect stability across key performance metrics, including net income, following the balance sheet repositioning that occurred ear.
JOHNSTOWN, Pa.--(BUSINESS WIRE)--1ST SUMMIT BANCORP OF JOHNSTOWN today announced financial results for the quarter ended September 30, 2025, marking another period of strong performance. Net income for the quarter was $1.7 million, up 46% from $1.2 million in the second quarter of 2025. Annualized return on average assets improved to 0.46% from 0.33% for the prior quarter, and return on average equity advanced proportionately over the same period. Net interest margin widened to 2.28% compared t.
JOHNSTOWN, Pa.--(BUSINESS WIRE)--1st Summit Bancorp of Johnstown (the “Company”) today reported its financial results for the second quarter ended June 30, 2025, delivering its strongest quarterly performance in recent years, driven by meaningful expansion in core profitability metrics, improved asset yields, and disciplined cost control. These results reflect the impact of the strategic initiatives launched over the past twelve months, particularly those focused on optimizing funding, realloca.