Preferred Stock Offering	9 Months Ended
Sep. 30, 2011
Features of Convertible Preferred Stock [Abstract]
Preferred Stock Offering	NOTE 14. PREFERRED STOCK OFFERINGS On August 3, 2011, Summit commenced the issuance of up 12,000 shares of 8% Non-Cumulative Convertible Preferred Stock, Series 2011 ("Series 2011 Preferred Stock"), through two simultaneous offerings described below. The Series 2011 Preferred Stock ranks senior to Summit's common stock and pari passu with our Series 2009 Preferred Stock and any other preferred stock that the Company may issue. The Series 2011 Preferred Stock will pay non-cumulative dividends, if and when declared by our board of directors, at a rate of 8.0% per annum. Dividends declared will be payable quarterly in arrears on the 1st day of March, June, September and December of each year. The Series 2011 Preferred Stock may be converted at the option of the holder, on any dividend payment date, into shares of common stock based on a conversion rate (the "Conversion Rate") determined by dividing $500 by the greater of (i) $4.00 or (ii) the consolidated closing bid price of our common stock as quoted on the NASDAQ Capital Market immediately preceding the close of the offerings, plus cash in lieu of fractional shares and subject to anti-dilution adjustments. On or after June 1, 2014, Summit may, at its option, on any dividend payment date, convert some or all of the Series 2011 Preferred Stock into shares of common stock at the Conversion Rate. We may exercise this conversion right only if, for 20 trading days during the 30 consecutive trading dates immediately preceding the date it gives notice of conversion, the closing price of our common stock exceeds 135% of the greater of (i) $4.00 or (ii) the consolidated closing bid pricing of our common stock as quoted on the NASDAQ Capital Market immediately preceding the close of the offerings. On June 1, 2021, all of the then outstanding Series 2011 Preferred Stock will be converted into shares of common stock at the Conversion Rate. Summit distributed non-transferable subscription rights to purchase the Series 2011 Preferred Stock to all holders of record of shares of our common stock (the "Rights Offering"). In the Rights Offering, each common shareholder received one right for every whole share of common stock held on July 1, 2011. Each right allowed the holders to subscribe for 0.002 shares of Series 2011 Preferred Stock at a cash price of $500 per share. We will not issue any fractional shares of the Series 2011 Preferred Stock; however, holders were entitled to purchase at least one share of the Series 2011 Preferred Stock regardless of the number of common shares they own or the rights they received. In the event that a shareholder purchased all of the shares of Series 2011 Preferred Stock available pursuant to their basic subscription privilege, they were also eligible to exercise an over-subscription opportunity to purchase shares of Series 2011 Preferred Stock that were not purchased by other shareholders through their exercise of their basic subscription privilege, subject to availability and an allocation process. We also offered shares of the Series 2011 Preferred Stock not subscribed for in the Rights Offering to the public at $500 per share in a supplemental offering (the "Supplemental Offering"). The Rights Offering concluded on October 31, 2011. We continue to offer the remaining unsubscribed shares of the Series 2011 Preferred Stock through the Supplemental Offering, which will expire on November 30, 2011. As of October 31, 2011, we have received paid subscriptions for 10,383 shares of Series 2011, representing total proceeds of $5.0 million, net of related issuance costs.

NOTE 14. PREFERRED STOCK OFFERINGS

On August 3, 2011, Summit commenced the issuance of up 12,000 shares of 8% Non-Cumulative Convertible Preferred Stock, Series 2011 ("Series 2011 Preferred Stock"), through two simultaneous offerings described below.

The Series 2011 Preferred Stock ranks senior to Summit's common stock and pari passu with our Series 2009 Preferred Stock and any other preferred stock that the Company may issue. The Series 2011 Preferred Stock will pay non-cumulative dividends, if and when declared by our board of directors, at a rate of 8.0% per annum. Dividends declared will be payable quarterly in arrears on the 1st day of March, June, September and December of each year. The Series 2011 Preferred Stock may be converted at the option of the holder, on any dividend payment date, into shares of common stock based on a conversion rate (the "Conversion Rate") determined by dividing $500 by the greater of (i) $4.00 or (ii) the consolidated closing bid price of our common stock as quoted on the NASDAQ Capital Market immediately preceding the close of the offerings, plus cash in lieu of fractional shares and subject to anti-dilution adjustments. On or after June 1, 2014, Summit may, at its option, on any dividend payment date, convert some or all of the Series 2011 Preferred Stock into shares of common stock at the Conversion Rate. We may exercise this conversion right only if, for 20 trading days during the 30 consecutive trading dates immediately preceding the date it gives notice of conversion, the closing price of our common stock exceeds 135% of the greater of (i) $4.00 or (ii) the consolidated closing bid pricing of our common stock as quoted on the NASDAQ Capital Market immediately preceding the close of the offerings. On June 1, 2021, all of the then outstanding Series 2011 Preferred Stock will be converted into shares of common stock at the Conversion Rate.

Summit distributed non-transferable subscription rights to purchase the Series 2011 Preferred Stock to all holders of record of shares of our common stock (the "Rights Offering"). In the Rights Offering, each common shareholder received one right for every whole share of common stock held on July 1, 2011. Each right allowed the holders to subscribe for 0.002 shares of Series 2011 Preferred Stock at a cash price of $500 per share. We will not issue any fractional shares of the Series 2011 Preferred Stock; however, holders were entitled to purchase at least one share of the Series 2011 Preferred Stock regardless of the number of common shares they own or the rights they received. In the event that a shareholder purchased all of the shares of Series 2011 Preferred Stock available pursuant to their basic subscription privilege, they were also eligible to exercise an over-subscription opportunity to purchase shares of Series 2011 Preferred Stock that were not purchased by other shareholders through their exercise of their basic subscription privilege, subject to availability and an allocation process.

We also offered shares of the Series 2011 Preferred Stock not subscribed for in the Rights Offering to the public at $500 per share in a supplemental offering (the "Supplemental Offering").

The Rights Offering concluded on October 31, 2011. We continue to offer the remaining unsubscribed shares of the Series 2011 Preferred Stock through the Supplemental Offering, which will expire on November 30, 2011. As of October 31, 2011, we have received paid subscriptions for 10,383 shares of Series 2011, representing total proceeds of $5.0 million, net of related issuance costs.