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Show Summit Savings gets high marks The Aug. 22 edition of "National Thrift News" ranks Summit Savings and Loan first in the country in returns on average assets for associations as-sociations with assets under $10 million for 1982. Summit's Sum-mit's return of 5.3925 percent was more than 1 percent better than the second-ranked second-ranked association. When compared with all savings and loan associations associa-tions in the United States, regardless of asset size, Summit ranked second. The data, as reported by the Federal Home Loan Bank Board and compiled by Kaplan, Smith and Associates, Asso-ciates, also ranked Summit first in this category in the state of Utah. According to Summit Savings Sav-ings Managing Officer, Dean S. Berrett, the association has continued its 1982 profitability profit-ability into 1983. Summit has posted record income levels for each of the two quarter ends in 1983. For the period ended June 30, 1983 the association reported net income in-come from consolidated earnings of $619,057. Total assets for the same period were $36.0 million. The association, headquartered head-quartered in Park City, has announced plans to open its second office in Salt Lake City in October. |