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Slow Progress: Our Ranking of the Top 200 Community Banks

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Profitability remains a challenge for banks and thrifts with less than $2 billion of assets. The median return on equity for publicly traded institutions in this size range is edging upward, from 3.48 percent in 2010, to 4.36 percent in 2011, and to 5.63 percent in 2012. But even with these gains, the ROE for the group still falls short of a cost of equity generally projected to be more than 9 percent.

Here we rank the best performers, based on their average return on equity over the past three years. These institutions are faring better than their overall peer group—the median ROE for the top 200 rose from 9.57 percent in 2010 to 10.01 percent in 2011 and to 10.15 in 2012—but the pressure on profitability is evident.

The three-year average ROE helps illustrate the point. By that measure, those that earned a spot on our annual list had a median of 9.58 percent, data from SNL Financial indicates. That is roughly unchanged from the 9.56 percent median for our top 200 last year.

It also is worth noting that about 70 of the institutions that performed well enough to be ranked here still have a three-year average ROE below the 9 percent mark.

Larger institutions generally are doing better than their counterparts. The median asset size for those on this list is $600 million. For the overall peer group, the median asset size is smaller by roughly a third, at $377 million.

And the size gap is widening. Though assets are up for both the best and the rest, the growth is greater for the top 200. The median asset size for last year's list was $553 million, compared with $344 million for the larger group. Noninterest income continues to be a differentiator for the top performers as well. In 2012, they had median noninterest income of $4.42 million, versus $2.57 million for all 851 institutions fitting the selection criteria.

Top 200 Community Banks and Thrifts as Ranked by 3-Year Average ROE
RankInstitutionLocationTotal
Assets
($000)
Market
Value
($M)
Closing
Price
($)
3-YR
ROAE
Avg. (%)
 
ROE
(%)
 
ROA
(%)
Net
Interest
Margin (%)
Net
Income
($000)
Total
Noninterest
Income ($000)
 
Efficiency
Ratio (%)
Total
Risk-Based
Capital
1 Citizens Financial Services Mansfield, PA 882,427 142 49 17.8 17.5 1.6 4 14,215 7,233 47.7 17.5
2 Penns Woods Bancorp Williamsport, PA 856,535 155 40.48 15.8 15.4 1.7 4.4 13,850 8,706 50.9 15
3 Southern Missouri Bancorp Poplar Bluff, MO 770,201 85 26 15.4 10.2 1.3 4.1 9,645 4,228 51.5 18.7
4 Access National Corp. Reston, VA 863,914 169 16.32 15.1 19.7 2.1 3.9 17,723 54,794 65.3 15.4
5 Hingham Institution for Savings Hingham, MA 1,205,884 148 69.65 15 15.1 1.1 3.4 13,290 1,666 40.7 13.8
6 Minster Financial Corp. Minster, OH 366,777 46 44 15 15.7 1.3 3.7 4,535 3,739 55.6 15
7 American Bank Allentown, PA 530,060 41 7.25 14.6 13.5 0.9 2.6 4,554 1,070 50.5 14.5
8 Cass Information Systems Saint Louis, MO 1,287,387 480 41.85 14.6 13.9 1.7 4 23,303 68,503 68.4 19.9
9 Malaga Financial Corp. Palos Verdes Estates, CA 851,000 102 17.2 14.6 13.6 1.4 3.6 11,689 582 34.5 NA
10 Merchants Bancshares South Burlington, VT 1,708,550 180 30.15 14.6 13.4 0.9 3.3 15,194 9,891 66.5 16
11 Peoples Financial Services Corp. Hallstead, PA 671,523 102 33 14.5 14.9 1.4 4 9,120 4,801 50.4 13.4
12 Muncy Bank Financial Muncy, PA 322,975 59 38 14.4 15 1.5 4.3 4,842 1,807 49.4 15.1
13 Birmingham Bloomfield Bancshares Birmingham, MI 152,773 9 4.95 14.2 6.5 0.8 4.7 1,076 1,243 71 11.1
14 Baker Boyer Bancorp Walla Walla, WA 546,906 97 74 14.2 14.3 1.2 3.7 6,327 10,699 68.5 14.5
15 Lyons Bancorp Lyons, NY 665,000 59 40 14.1 14.9 1 3.3 6,200 6,500 65 13.2
16 Union Bankshares Morrisville, VT 577,256 91 20.42 14.1 16.5 1.2 4.1 6,844 9,604 73.1 13
17 Chesapeake Financial Shares Kilmarnock, VA 667,718 56 17.4 14.1 13.4 1.2 4.4 7,676 16,268 67.3 14.8
18 Cambridge Bancorp Cambridge, MA 1,417,986 160 41.5 13.9 13.4 1 3.6 13,403 19,607 69.1 15.2
19 Berkshire Bancorp New York, NY 825,749 120 8.29 13.9 8.5 1.2 2.7 10,683 1,034 72.4 38.1
20 Bridge Bancorp Bridgehampton, NY 1,624,713 193 21.52 13.8 11.8 0.9 3.5 12,772 8,026 59.4 14.2
21 West Milton Bancorp West Milton, PA 333,096 42 55 13.8 13.3 1.4 3.3 4,387 1,570 52.9 15.7
22 Meta Financial Group Sioux Falls, SD 1,763,270 145 26.49 13.7 15.7 1.1 2.5 17,148 53,343 82.3 NA
23 First Community Financial Corp. Mifflintown, PA 420,705 42 30 13.7 13.6 1.1 3.6 4,532 3,157 58.8 19.4
24 Canandaigua National Corp. Canandaigua, NY 1,887,028 233 122.25 13.7 13.5 1 4 18,617 35,241 60.2 12.9
25 Citizens & Northern Corp. Wellsboro, PA 1,286,907 241 19.57 13.6 12.9 1.7 4.3 22,705 16,111 48.8 24
26 Somerset Trust Holding Co. Somerset, PA 796,562 75 30.5 13.4 14.1 1.3 4.5 9,597 10,103 66 13.3
27 Centerpointe Community Bank Hood River, OR 102,010 8 7 13.4 13.4 1.3 5.1 1,161 321 79.3 13.4
28 QNB Corp. Quakertown, PA 919,874 79 24.5 13.2 13.1 1 3.4 9,175 4,832 57.4 13.6
29 C&F Financial Corp. West Point, VA 977,018 137 41.87 13.1 16.9 1.7 7.9 16,382 33,452 60.6 16.6
30 Commercial National Financial Corp. Latrobe, PA 373,062 67 23.51 13.1 13.3 2 4.3 7,265 2,772 66.9 23.9
31 Embassy Bancorp Bethlehem, PA 642,492 47 6.5 12.9 11.8 0.9 3.5 5,743 1,350 61.1 12.3
32 American Business Bank Los Angeles, CA 1,304,503 129 29 12.8 11.4 0.9 3.2 10,884 1,322 62.7 17.6
33 Benchmark Bankshares Kenbridge, VA 438,508 51 19.5 12.7 13.3 1.4 5.1 6,118 3,545 59.3 16.7
34 Woodlands Financial Services Co. Williamsport, PA 321,565 32 42 12.4 11.2 1 3.4 3,163 3,181 65.6 13.2
35 Seacoast Commerce Bank San Diego, CA 200,702 21 4.75 12.4 19.4 2.5 4.4 4,003 6,397 91.7 16.2
36 Thomasville Bancshares Thomasville, GA 518,982 65 23 12.4 12.6 1.2 3.6 5,768 5,573 50.3 11.9
37 Trinity Bank, N.A. Fort Worth, TX 199,753 41 36 12.4 12.8 1.5 3.4 2,581 394 43.6 16.9
38 National Bankshares Blacksburg, VA 1,104,361 246 35.43 12.3 12 1.6 4.4 17,747 8,714 41.4 22.4
39 Commercial National Financial Corporation Ithaca, MI 364,729 27 8.25 12.2 9.7 0.6 3.4 2,063 2,672 71.5 14.8
40 Virginia Heritage Bank Vienna, VA 781,574 65 15 12.1 11.6 1.1 3.7 7,646 12,882 62.9 12.1
41 Monarch Financial Holdings Chesapeake, VA 1,215,578 112 10.73 12.1 17 1.4 4.3 13,800 89,771 79.9 12.1
42 FPB Financial Corp. Hammond, LA 197,855 16 45.5 12.1 10.9 1 5 1,857 2,534 67.2 17.6
43 CNB Financial Corporation Clearfield, PA 1,773,079 212 16.94 12 12.2 1 3.5 17,136 11,127 53.7 15.3
44 Bank of Marin Bancorp Novato, CA 1,434,749 213 39.37 12 12.4 1.2 4.8 17,817 7,146 54 13.7
45 BEO Bancorp Heppner, OR 284,800 19 19.75 12 12.9 0.9 5.4 2,462 1,953 63.7 13.7
46 Farmers & Merchants Bancorp Lodi, CA 1,974,686 366 470 12 11.6 1.2 4.2 23,349 13,952 52.4 15
47 First Robinson Financial Corp. Robinson, IL 233,404 14 32.25 12 11.7 1 3.4 2,271 2,925 60.7 17.1
48 Steuben Trust Corp. Hornell, NY 419,489 42 25.5 11.9 11.3 1.1 3.7 4,463 4,399 67 17.1
49 Security National Corporation Dakota Dunes, SD 1,228,528 119 65 11.8 11.5 1.1 3 13,188 18,236 59.6 16.2
50 Greene County Bancorp (MHC) Catskill, NY 624,548 84 20.1 11.7 11.9 1.1 3.7 6,259 5,018 58.9 18.1
51 Bank of Utica Utica, NY 905,483 110 439 11.7 11.3 1.7 2.6 15,526 1,651 25 18.6
52 Pacific Premier Bancorp Irvine, CA 1,173,792 197 12.76 11.6 16.3 1.5 4.6 15,776 5,438 57.2 14.4
53 Washington Banking Company Oak Harbor, WA 1,687,677 217 13.99 11.6 9.6 1 5.5 16,844 4,437 56.3 19.4
54 Jonestown Bank and Trust Co. Jonestown, PA 397,492 43 28.25 11.5 10.8 1 3.8 4,069 3,031 60.6 12.7
55 LCNB Corp. Lebanon, OH 788,637 123 16.1 11.5 10.2 1 3.5 8,270 7,196 63.1 15.9
56 Honat Bancorp, Inc. Honesdale, PA 580,179 88 345 11.4 10.7 1.4 3.7 7,832 6,089 55 18.1
57 Cashmere Valley Financial Corp. Cashmere, WA 1,238,687 122 30.1 11.4 11.5 1.1 3.1 13,344 10,012 54 16.4
58 Home Loan Financial Corp. Coshocton, OH 167,238 25 17.65 11.2 13.7 1.7 4.8 2,749 1,266 48.8 17.2
59 Northeast Bancorp Lewiston, ME 704,710 90 9.5 11.2 3.9 0.6 4.1 3,767 10,167 84.1 29.4
60 Horizon Bancorp Michigan City, IN 1,848,227 176 20.37 11.1 13.8 1.2 3.8 19,543 27,458 60.8 13.7
61 West Bancorporation West Des Moines, IA 1,448,175 192 11.04 11 12.3 1.2 3.4 16,011 10,110 51.6 15.6
62 Heartland BancCorp Gahanna, OH 579,000 55 36 11 12.4 1.2 4.1 6,699 3,058 61.9 15.4
63 First Keystone Corp. Berwick, PA 819,966 142 26 10.9 10.2 1.3 4.2 10,170 5,309 53 14.5
64 Mifflinburg Bank & Trust Co. Mifflinburg, PA 338,709 NA 25 10.9 10.5 1.1 3.2 3,606 2,189 57.7 15.6
65 PSB Holdings Wausau, WI 711,966 46 28 10.9 11.3 0.9 3.4 6,009 5,717 60.4 14.9
66 CB Financial Services Carmichaels, PA 546,458 51 21 10.8 10.4 0.8 3 4,217 3,519 69.9 13.1
67 Bank of South Carolina Corp. Charleston, SC 325,411 54 12.19 10.8 11 1.2 3.9 3,667 2,345 60.8 13.7
68 Iowa First Bancshares Corp. Muscatine, IA 444,229 37 32.5 10.8 11.5 1 3.4 4,106 3,768 62.3 14.6
69 Citizens National Bancshares of Bossier Bossier City, LA 693,583 93 23.77 10.8 9.8 1.1 4.4 7,005 5,115 66.2 14.6
70 Northumberland Bancorp Northumberland, PA 464,913 43 32 10.7 11.1 1 2.9 4,448 3,470 63.6 21.3
71 Parke Bancorp Sewell, NJ 770,477 38 7.15 10.6 10 1 4.1 8,069 5,367 38 16.3
72 Dimeco Honesdale, PA 603,605 62 38.25 10.6 11.4 1.1 4.1 6,614 4,305 52.8 12.8
73 Ames National Corp. Ames, IA 1,217,692 194 20.85 10.6 10.1 1.2 3.3 14,182 7,048 46.2 15.9
74 First Bankers Trustshares Quincy, IL 804,568 60 29 10.6 10.2 0.9 2.7 6,840 13,283 64.4 15.6
75 Farmers and Merchants Bank Upperco, MD 275,679 23 28.4 10.5 12.2 1.2 4.8 3,158 1,470 61.4 13.4
76 Solvay Bank Corp. Solvay, NY 653,750 57 28 10.5 10.3 1 3.5 6,173 4,240 59.6 21
77 Centrix Bank & Trust Bedford, NH 823,398 77 24.5 10.4 8.8 0.9 3.7 6,864 1,087 56.3 13.8
78 Provident Financial Holdings Riverside, CA 1,248,330 178 17.05 10.3 15.2 1.8 2.9 22,308 69,044 61.5 20.1
79 Commercial Bancshares Upper Sandusky, OH 301,564 23 20.05 10.3 10.3 1 4.7 2,938 2,297 66.2 12.5
80 Community Bank Shares of Indiana New Albany, IN 819,500 56 16.5 10.2 9.1 0.9 4.1 7,685 6,242 67.1 19.1
81 F&M Bank Corp. Timberville, VA 596,904 44 17.5 10.2 10.6 0.9 3.9 5,047 3,704 54.2 14
82 Jeff Davis Bancshares Jennings, LA 592,225 80 51 10.1 9.1 1.2 4.5 6,303 7,445 67.9 17.8
83 Community Bancorp. Newport, VT 575,738 59 12.2 10.1 10.9 0.8 3.7 4,401 5,839 76.3 13.1
84 GNB Financial Services Gratz, PA 182,513 28 55 10.1 9.5 1.3 3.9 2,279 610 53.6 24.1
85 F.S. Bancorp LaGrange, IN 493,945 48 43.35 10 11.2 1.1 4 5,181 4,638 64.2 14
86 Bar Harbor Bankshares Bar Harbor, ME 1,302,935 140 35.72 10 9.9 1 3.2 12,466 6,624 54.7 15.8
87 Denver Bankshares Denver, CO 202,651 22 280 10 8.2 0.9 4.2 1,600 823 69.4 15.2
88 Siuslaw Financial Group Florence, OR 319,686 32 7.75 9.9 9.9 1 4.4 3,390 7,213 73.1 17.9
89 Alerus Financial Corp. Grand Forks, ND 1,321,944 159 35 9.8 13.1 1.5 4.4 17,869 79,927 74.6 14.3
90 Norwood Financial Corp. Honesdale, PA 672,299 101 30.55 9.8 9.2 1.2 4.1 8,403 3,787 52.7 17.5
91 Pioneer Bankshares Stanley, VA 172,958 21 22 9.8 11 1.3 5.3 2,262 1,108 59.5 15
92 Rockport National Bancorp Rockport, MA 186,214 13 63 9.7 7.2 0.6 4.1 1,178 1,109 76 14.6
93 Empire National Bank Islandia, NY 438,399 38 8.75 9.7 8.9 0.9 3.5 3,624 605 89.3 15.9
94 First Manitowoc Bancorp Manitowoc, WI 1,020,426 101 15.5 9.7 10.7 1.1 3.9 10,420 7,693 51.1 12.3
95 Bank of Kentucky Financial Corp. Crestview Hills, KY 1,844,104 208 27.85 9.7 11.1 1 3.6 18,145 22,642 57.3 13.3
96 Redwood Financial Redwood Falls, MN 206,418 7 15.53 9.7 10.3 1.3 4.9 2,637 2,995 55.3 15.6
97 County Commerce Bank Ventura, CA 203,363 22 15.55 9.6 10.1 0.9 3.6 1,724 322 57 16.5
98 Adirondack Trust Co. Saratoga Springs, NY 1,016,311 113 1,475.00 9.6 9.2 1 2.9 9,468 20,139 77.1 18.2
99 CCFNB Bancorp Bloomsburg, PA 607,721 81 36.85 9.6 9.7 1.2 3.5 7,153 7,012 56.7 19.6
100 Center Bancorp Union, NJ 1,629,765 205 12.51 9.6 11.7 1.1 3.3 17,507 4,299 49.3 12.2
101 Keweenaw Financial Corp. Hancock, MI 550,800 50 116 9.6 9.1 1 3.1 5,560 3,412 55.2 21.9
102 Evans Bancorp Hamburg, NY 809,676 76 18.15 9.6 11.2 1 3.8 8,132 12,823 70.1 14.7
103 Santa Cruz County Bank Santa Cruz, CA 356,016 30 15.19 9.6 10.1 0.8 4.2 2,840 2,859 65.7 13.2
104 Middlefield Banc Corp. Middlefield, OH 670,288 61 30.25 9.6 12 1 3.7 6,281 2,841 55.6 13.9
105 Teche Holding Co. New Iberia, LA 839,698 83 40.8 9.5 10.2 1 4.1 8,585 17,445 70.2 15.5
106 Consumers Bancorp Minerva, OH 344,582 36 17.3 9.5 9.4 0.8 4 2,648 2,565 72.4 13.4
107 Southeastern Bank Financial Corp. Augusta, GA 1,662,502 137 20.5 9.5 11.4 0.9 3.4 14,435 21,182 57.8 15
108 First Business Financial Services Madison, WI 1,226,108 105 26.8 9.5 12.7 0.8 3.4 8,926 8,555 60.5 13
109 United Tennessee Bankshares Newport, TN 187,126 13 15 9.4 8.9 0.8 3.6 1,498 534 53.2 21.5
110 Luzerne National Bank Corp. Luzerne, PA 319,051 42 62 9.4 9.5 0.9 4.1 2,646 1,910 66.1 12.3
111 NorthWest Indiana Bancorp Munster, IN 691,845 71 25 9.4 10.3 1 3.8 6,853 5,405 69.1 14.6
112 First Menasha Bancshares Neenah, WI 337,190 15 51 9.4 8.6 1 4 3,102 2,432 59.8 14.8
113 Northrim BanCorp Anchorage, AK 1,160,107 145 22.28 9.4 10.2 1.2 4.3 13,458 15,096 66.7 16.6
114 First Sentry Bancshares Huntington, WV 493,529 37 25.5 9.3 9.7 0.6 3.5 3,161 1,639 52.8 12.6
115 Auburn National Bancorporation Auburn, AL 759,833 79 21.7 9.3 9.8 0.9 3.2 6,763 6,536 52.8 17.5
116 First BancTrust Corp. Paris, IL 389,563 28 13.06 9.3 9.9 0.9 3.9 3,426 5,057 60.4 15.2
117 Blue Ridge Bankshares Luray, VA 208,330 10 10.5 9.3 9.3 0.8 3.5 1,586 711 58.5 15.2
118 Harleysville Savings Financial Corp. Harleysville, PA 802,890 68 18 9.3 8.5 0.6 2.4 4,989 2,373 62.9 14.2
119 Chemung Financial Corp. Elmira, NY 1,248,160 154 33.5 9.3 8.4 0.9 4.1 11,022 16,142 72 13.1
120 DNB Financial Corp. Downingtown, PA 639,568 45 16.75 9.2 9.6 0.8 3.8 5,239 4,110 66.4 15.9
121 Enterprise Bancorp Lowell, MA 1,665,726 162 16.67 9.2 9.3 0.8 4.3 12,375 11,852 69.8 11.5
122 Farmers National Banc Corp. Canfield, OH 1,139,695 120 6.38 9.2 8.4 0.9 3.8 9,932 11,519 70.5 17.4
123 Bay Commercial Bank Walnut Creek, CA 316,583 40 8.35 9.2 4.3 0.7 4.2 2,155 738 57.2 21.7
124 Kish Bancorp Reedsville, PA 557,580 40 66.5 9.2 8.2 0.6 3.3 3,630 6,157 80.3 14.1
125 Greater Hudson Bank, National Association Middletown, NY 309,175 45 4.51 9.1 6.6 0.8 3.7 2,507 188 64.6 17.3
126 Avidbank Holdings Palo Alto, CA 415,721 26 10 9.1 7.7 0.7 4.2 2,745 467 68.4 12
127 Independent Alliance Banks Fort Wayne, IN 943,969 83 60.5 9.1 8.7 0.9 3.5 9,007 9,180 63.9 14.7
128 American Riviera Bank Santa Barbara, CA 171,413 21 8.3 9 5.2 0.8 5.1 1,193 352 67.6 17.9
129 Northeast Indiana Bancorp Huntington, IN 271,403 21 16.89 9 10.4 1.1 3.6 2,856 2,633 57.2 18.2
130 Peoples Limited Wyalusing, PA 248,756 21 45.5 9 11.9 1 4.2 2,467 2,543 73.1 13.6
131 Tower Financial Corp. Fort Wayne, IN 683,973 62 13.35 9 8.8 0.9 3.8 5,744 8,366 64 15.9
132 Merchants Financial Group Winona, MN 1,285,476 87 32 9 11.2 0.9 3.4 12,439 28,820 73.4 14
133 ACNB Corp. Gettysburg, PA 1,049,995 99 16.63 9 8.9 0.9 3.6 8,886 11,797 64.6 14.9
134 Mercantile Bank Corp. Grand Rapids, MI 1,422,926 147 16.89 8.9 8.2 0.9 3.7 12,535 7,994 68.5 14.6
135 FFD Financial Corp. Dover, OH 245,067 20 19.5 8.9 11.8 1 3.8 2,405 1,676 58.2 12.7
136 ENB Financial Corp. Ephrata, PA 799,186 81 28.26 8.9 8.9 1 3.4 7,642 6,081 70.3 18.1
137 First Guaranty Bancshares Hammond, LA 1,400,000 82 13 8.9 9.2 0.9 3.2 12,059 4,797 62.5 15.3
138 Valley Financial Corp. Roanoke, VA 764,584 44 9.25 8.9 10.3 0.8 3.6 6,489 4,099 62.9 14.8
139 Fresno First Bank Fresno, CA 210,500 19 10.25 8.8 5.7 0.6 4.1 1,171 1,131 68.7 22.2
140 American National Bankshares Danville, VA 1,283,687 171 21.7 8.8 10.1 1.2 4.4 16,006 10,757 54.1 17
141 Mauch Chunk Trust Financial Corp. Jim Thorpe, PA 305,011 38 12.25 8.8 9.6 1 3.4 3,198 2,578 71.8 17.3
142 Hamlin Bank and Trust Co. Smethport, PA 434,340 83 220 8.8 9.4 1.6 3.5 6,649 1,005 46 27.2
143 Glen Burnie Bancorp Glen Burnie, MD 387,438 32 11.61 8.8 8.2 0.7 3.5 2,665 1,659 75.9 14
144 FNBPA Bancorp Port Allegany, PA 100,876 9 35.34 8.8 7.6 0.8 3.5 741 359 77.1 22.9
145 Tri City Bankshares Corp. Oak Creek, WI 1,231,906 131 14.75 8.8 6.6 0.7 3.9 8,152 15,484 70.5 15.4
146 Kentucky Bancshares Paris, KY 701,010 66 24.25 8.8 9.8 1 4 7,008 11,870 69.9 14.7
147 Juniata Valley Financial Corp. Mifflintown, PA 448,869 75 17.85 8.8 7.3 0.8 3.7 3,648 4,537 65.7 18.3
148 Penseco Financial Services Corp. Scranton, PA 918,042 123 37.58 8.7 8.1 1.1 4.1 10,589 11,124 63.2 18
149 Ballston Spa Bancorp Ballston Spa, NY 421,389 23 31.25 8.6 7.6 0.6 3.4 2,355 2,797 74.3 14
150 Glenville Bank Holding Company Scotia, NY 402,049 14 78 8.6 8.5 0.6 3.7 2,330 3,346 77.6 10.5
151 First Internet Bancorp Indianapolis, IN 636,367 43 23.1 8.6 9.5 0.9 2.7 5,606 11,645 59.8 11
152 ESB Financial Corp. Ellwood City, PA 1,927,614 201 13.69 8.6 8.3 0.8 2.6 15,822 6,609 55.9 NA
153 Codorus Valley Bancorp York, PA 1,059,737 72 16.12 8.6 9.5 0.9 3.8 9,394 7,763 59.6 14.8
154 Comunibanc Corp. Napoleon, OH 246,442 20 24.5 8.6 7.7 0.8 3.7 2,090 1,087 72.4 19
155 BancAffiliated Arlington, TX 336,071 38 45 8.5 13.4 1.5 5.5 4,077 17,069 73.6 13.8
156 Citizens Holding Co. Philadelphia, MS 880,840 95 19.5 8.5 7.7 0.8 3.9 6,784 6,942 69.6 18.2
157 Freedom Bank of Virginia Fairfax, VA 238,642 22 7.6 8.5 4.9 0.5 3.8 1,192 868 78.7 15
158 Community Business Bank West Sacramento, CA 147,510 17 7.7 8.5 8 1.2 4.6 1,738 322 77.2 19.6
159 FNB Bancorp Newtown, PA 819,838 106 128 8.5 8.9 0.9 3 7,375 6,551 69.8 22.6
160 First Mid-Illinois Bancshares Mattoon, IL 1,578,032 142 23.95 8.5 9.3 0.9 3.5 14,025 17,249 61.4 15.7
161 Peapack-Gladstone Financial Corp. Bedminster, NJ 1,667,836 133 14.81 8.5 8.4 0.6 3.5 9,696 17,582 67 13.1
162 Ohio Valley Banc Corp. Gallipolis, OH 769,223 78 19.2 8.5 9.5 0.9 4.3 7,052 8,633 70.2 17.2
163 Virginia National Bank Charlottesville, VA 507,606 42 15.75 8.4 10.9 1.1 3.4 5,481 11,907 67.9 16.2
164 Katahdin Bankshares Corp. Patten, ME 576,697 38 11.25 8.4 7.7 0.8 4.1 4,361 3,420 72 14.6
165 Orange County Bancorp Middletown, NY 663,762 77 39.35 8.4 8.2 1.2 3.7 7,779 4,041 56.6 23.8
166 Sutter Community Bank Yuba City, CA 69,089 6 6 8.4 4.9 0.6 5.1 425 665 64.5 19.2
167 Eagle Financial Services Berryville, VA 593,276 74 22.1 8.4 10.7 1.2 4.4 6,550 6,082 60.5 18
168 Merchants & Marine Bancorp Pascagoula, MS 572,477 51 38.25 8.4 8.1 0.8 3.6 4,550 7,762 67.5 21.2
169 Farmers Bank of Appomattox Appomattox, VA 199,932 18 16.75 8.4 8.2 1 3.9 1,988 903 65.2 19.2
170 Farmers & Merchants Bancorp Archbold, OH 946,660 101 21.5 8.3 9.1 1 3.2 9,788 10,744 60.1 17.4
171 NBT Holdings Nashville, TN 300,248 31 14.61 8.3 10.6 1.1 3.3 2,898 4,721 67.5 15.4
172 MidWestOne Financial Group Iowa City, IA 1,792,819 199 23.47 8.3 10.1 1 3.5 16,751 15,089 58.8 14
173 Elmira Savings Bank Elmira, NY 536,936 56 24.25 8.3 7.9 1 3.3 5,218 5,975 60.8 18.2
174 Northway Financial North Conway, NH 873,629 42 16 8.3 8.3 0.8 3.5 6,494 7,308 81.3 18.1
175 CBT Financial Corp. Clearfield, PA 418,124 29 29 8.3 7.4 0.8 3.8 3,137 4,340 71.1 17
176 MNB Holdings Corp. San Francisco, CA 171,799 10 21 8.3 6.2 0.7 5.1 1,167 1,436 79.8 14.4
177 FC Banc Corp. Bucyrus, OH 367,436 25 27.75 8.3 10.8 1 3.4 3,577 2,887 70.7 15.1
178 Minden Bancorp Minden, LA 276,491 36 15.19 8.2 7.7 1.2 3.4 3,035 719 48.5 26.3
179 Middlebury National Corp. Middlebury, VT 302,355 27 30 8.2 9.8 0.9 3.8 2,562 3,703 71.2 14.6
180 BCB Bancorp Bayonne, NJ 1,171,358 83 9.79 8.2 -2.3 -0.2 3.6 -2,062 2,944 71.6 13.6
181 River Valley Bancorp Madison, IN 472,855 30 19.43 8.1 11.7 1 3.2 4,012 3,784 68.9 13.7
182 Oak Valley Bancorp Oakdale, CA 660,480 64 8.14 8.1 8.3 0.9 4.5 5,781 3,126 65.2 16.1
183 BankGuam Holding Co. Hagatna, GU 1,211,381 64 7.25 8.1 9.3 0.7 5 8,620 11,216 78.2 13.3
184 First Bancorp Damariscotta, ME 1,414,999 190 18.05 8.1 8.1 0.9 3.1 12,688 9,310 49.4 16.1
185 Pascack Bancorp Waldwick, NJ 377,088 14 5.85 8.1 7.1 0.5 4.3 1,891 1,027 68.1 10
186 Hocking Valley Bancshares Athens, OH 244,178 28 570 8.1 8 0.8 3.8 1,893 1,310 68.3 18.2
187 First Capital Corydon, IN 459,132 55 19.9 8 7.9 0.9 3.9 3,935 4,508 63 15.6
188 High Country Bancorp Salida, CO 190,796 20 22.6 8 8.4 1 5 1,884 1,632 66.5 18.9
189 New Hampshire Thrift Bancshares Newport, NH 1,270,477 94 13.29 8 6.9 0.7 2.9 7,759 10,496 71.6 NA
190 Georgia-Carolina Bancshares Augusta, GA 506,175 50 14.12 8 12.2 1.3 3.7 6,621 14,718 65.1 16.9
191 Neffs Bancorp Neffs, PA 294,245 44 264.5 8 8.7 1.5 3.3 4,245 250 39.9 32.8
192 Benton Financial Corp. Fowler, IN 142,393 11 14.5 8 10.1 1.4 4 1,890 407 70 20
193 Premier Valley Bank Fresno,CA 554,425 86 6.65 8 9.2 1.1 4 6,105 4,382 51.5 15.3
194 CSB Bancorp Millersburg, OH 586,900 51 18.75 7.9 8.8 0.8 3.4 4,547 4,204 64.6 13.3
195 First West Virginia Bancorp Wheeling, WV 306,547 28 16.48 7.9 7.8 0.9 3.4 2,538 1,261 71.8 22.1
196 Community Bankers’ Corp. Indiana, PA 285,222 19 9 7.9 8.6 0.6 3.2 1,627 1,083 81.5 13.4
197 Old Line Bancshares Bowie, MD 861,856 84 12.32 7.9 10.8 0.9 4.4 7,465 2,551 65.1 11.4
198 Jacksonville Bancorp Jacksonville, IL 321,446 36 19 7.9 8.2 1.1 3.6 3,567 3,724 70.2 17.7
199 Citizens Bancorp Corvallis, OR 500,590 60 13.1 7.9 7.5 0.9 4.2 4,322 3,087 67.1 17.3
200 PSB Holding Corp. Preston, MD 294,845 12 26.06 7.8 5.8 0.5 3.7 1,359 1,233 75.2 12.3
  Median for top 200   600,255     9.6 10.15 1.0 3.7 6,146 4,418 64.1 15.3
  Median for all 851 companies   377,088     4.2 5.63 0.6 3.6 1,865 2,570 74.0 15.9


Note: Ranking is of exchange-traded banks and thrifts with less than $2 billion in total assets as of Dec. 31, 2012. Those with zero average daily trading volume over the past 365 days were excluded, as were those with total risk-based capital of less than 10 percent. Shown are the most profitable 200 institutions of all 851 fitting the criteria. Ranking based on the average return on equity for the three years ending Dec. 31 2010, 2011 and 2012. Financial data based on GAAP filings. If unavailable, regulatory filing information was used. The data is for full-year 2012, except where indicated. All data is as of March 28. Market value is calculated using the most recently publicly available information regarding share count and the closing price on March 27.
Source: SNL Financial
© 2013 American Banker Magazine

 

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Eight Reasons Deals Get Done – Beyond Price

OmniAmerican (OABC) had a good problem earlier this year: competing offers from eager buyers. The Texas bank, which "accepted a slightly smaller price" from Southside Bancshares (SBSI), explained its reasoning in a regulatory filing. Here are the highlights.

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Comments (5)
Why this obsession with ranking any type of bank by ROE? How about ranking them by how well capitalized and transparent they are? www.MRVAssociates.com
Posted by Mayra Rodriguez Valladares, MRV Associates | Tuesday, April 30 2013 at 12:38PM ET
Isn't it telling that out of roughly 6,500 Community Banks there are fewer than 100 Banks that actually generate economic value (defined when ROE > Cost of Equity which for most Community Banks will be ~ 10%).
Posted by Serge Milman | Optirate | Tuesday, April 30 2013 at 1:09PM ET
These are publicly traded banks, Serge. There are many more privately owned (mostly SubS, interestingly) that
routinely generate economic value. American Banker seems to have little to interest in these.
Posted by billthaney | Friday, May 24 2013 at 2:07PM ET
This particular ranking is one in which the peer group is publicly traded banks and thrifts with less than $2 billion of assets. But American Banker definitely is interested in S-Corps, which were featured in June 2012 in this Metrics & Measures piece: http://www.americanbanker.com/magazine/122_6/c-corporation-banks-outperform-s-corporation-banks-1049451-1.html

Sincerely,
The Editors


Posted by hlandy | Friday, May 24 2013 at 4:57PM ET
In follow up to @billthaney 's comment, FDIC fiscal year 2012 data shows that of all Community Banks about 2/3 (4,501 out of the total population of 6,424 Banks with assets < $1 billion) fell short of generating 10% ROE.
Posted by Serge Milman | Optirate | Tuesday, May 28 2013 at 3:11PM ET
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