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What the Top 200 Publicly Traded Community Banks Do Better Than Peers

Sometimes you have to spend more to make more, and our annual ranking of publicly traded banks and thrifts with less than $2 billion of assets illustrates this point.

Though cost cuts have been a focus across the industry for years, noninterest expenses for this group of community banks continued to rise in 2014, according to Capital Performance Group's analysis. This might be a worrisome trend, if the extra spending had not been offset by extra income.

The overall group of 750 institutions that fit the criteria for our ranking had median noninterest expense growth of 2.91% last year. But they also posted median net loan growth of 7.3%, which contributed to median revenue growth of 3.41%.

Those that earned a spot in the top 200 — as ranked by their return on average equity across three years — set themselves apart mainly by doing a better job than their peers of making loans rather than keeping costs down. Noninterest expenses for these 200 best performers actually increased a median of 3.46% last year, or 55 basis points more than for the larger peer group.

But they booked more loans than their peers (net loans grew a median of 7.8%), and did so at comparatively higher interest rates, says Kevin Halsey, a senior analyst at CPG. The yield on average earning assets for the top 200 was a median of 4.22% last year, compared with 4.10% for the peer group, the analysis showed. As a result their median revenue growth also was higher, at 3.58%.

With the performance of small banks improving overall, the competition to earn a spot on this ranking continues to ratchet up. To make the list we published in 2014, institutions had to post a three-year average ROE of 8.66%. This year the cutoff was higher, at 8.76%.

Top 200 Publicly Traded Community Banks and Thrifts as Ranked by 3-Year Average ROE
RankInstitutionLocationTotal
Assets
($000)
Market
Value
($M)
3-YR
ROAE
Avg. (%)
 
ROAE
(%)
 
ROAA
(%)
Net
Interest
Margin (%)
Net
Income
($000)
Total
Noninterest
Income ($000)
 
Efficiency
Ratio (%)
Total
Risk-Based
Capital
1 Carolina Financial Corp. (CARO) Charleston, SC 1,199,017 105.70 20.89 9.39 0.84 3.51 8,311 20,064 75.34 13.15
2 University Bancorp (UNIB) Ann Arbor, MI 127,922 38.01 18.75 11.46 1.09 4.67 1,150 26,340 94.39 17.13
3 First General Bank (FGEB) Rowland Heights, CA 585,152 NA 16.16 15.39 1.77 4.22 9,923 3,002 35.11 15.48
4 First Farmers Financial Corp. (FFMR) Converse, IN 1,340,000 NA 16.06 15.14 1.29 3.95 16,200 9,897 54.65 12.56
5 Access National Corp. (ANCX) Reston, VA 1,052,880 194.79 16.05 14.47 1.45 3.80 13,925 19,253 60.60 12.41
6 Hingham Institution for Savings (HIFS) Hingham, MA 1,552,205 209.04 15.96 19.30 1.52 3.23 22,264 1,623 41.53 13.80
7 Union Bankshares (UNB) Morrisville, VT 624,063 113.05 15.56 14.88 1.30 4.13 7,694 8,460 66.95 13.60
8 Citizens Financial Services (CZFS) Mansfield, PA 925,048 150.00 15.37 13.73 1.48 3.84 13,385 6,740 50.59 18.55
9 Thomasville Bancshares (THVB) Thomasville, GA 650,235 159.71 15.29 16.40 1.41 3.90 8,416 8,331 49.76 12.19
10 Commonwealth Business Bank (CWBB) Los Angeles, CA 653,450 88.69 15.23 15.96 1.84 3.84 11,174 11,769 46.60 14.45
11 Integrity Bancshares* Camp Hill, PA 844,000 NA 14.87 16.70 1.31 3.65 10,487 4,351 47.73 10.49
12 Lyons Bancorp (LYBC) Lyons, NY 806,844 69.96 14.69 13.93 0.94 3.31 7,204 7,269 63.81 12.53
13 West Milton Bancorp (WMBC) West Milton, PA 356,833 53.42 14.32 13.27 1.39 3.31 4,820 1,747 56.00 17.36
14 Minster Financial Corp. (MTFC) Minster, OH 393,853 51.81 14.24 13.24 1.12 3.38 4,378 3,134 57.80 14.85
15 Wash. Federal Bank for Savings Chicago, IL 135,068 NA 14.23 13.77 1.51 4.77 1,981 175 45.40 22.92
16 Somerset Trust Holding Co. (SOME) Somerset, PA 912,271 103.15 14.11 13.50 1.18 4.37 10,188 10,839 70.11 13.56
17 1st Summit Bancorp (FSMK) Johnstown, PA 910,585 102.06 13.99 13.45 1.08 3.35 9,570 4,344 54.35 17.02
18 Monarch Financial Holdings (MNRK) Chesapeake, VA 1,066,737 135.84 13.78 11.17 1.15 4.25 11,439 67,079 82.67 13.79
19 West Bancorp. (WTBA) West Des Moines, IA 1,615,833 316.05 13.58 15.19 1.32 3.59 20,040 9,004 49.93 12.81
20 C&F Financial Corp. (CFFI) West Point, VA 1,333,323 117.91 13.54 10.34 0.93 6.55 12,346 19,218 62.94 14.54
21 Trinity Bank (TYBT) Fort Worth, TX 215,474 52.71 13.51 14.11 1.68 3.55 3,266 493 41.88 19.83
22 Muncy Bank Financial (MYBF) Muncy, PA 360,241 46.89 13.47 12.41 1.31 3.96 4,761 1,468 54.96 15.73
23 Cambridge Bancorp (CATC) Cambridge, MA 1,573,692 174.57 13.30 12.87 0.98 3.41 14,944 23,391 67.38 13.18
24 First Bancorp Lebanon, VA 1,392,630 NA 13.26 12.78 1.33 3.86 18,034 13,699 52.18 17.03
25 Citizens Bank Carthage, TN 533,088 NA 13.24 14.48 2.31 4.89 12,149 2,132 29.02 29.19
26 Home Loan Financial Corp. (HLFN) Coshocton, OH 178,355 27.93 13.24 12.74 1.68 4.98 2,883 1,112 51.60 17.09
27 California Republic Bancorp (CRPB) Irvine, CA 1,121,131 208.45 13.15 15.94 1.31 4.61 11,979 30,650 69.02 22.19
28 Baker Boyer Bancorp (BBBK) Walla Walla, WA 552,817 86.84 13.11 11.68 1.00 3.16 5,603 11,646 74.09 15.47
29 Cass Information Systems (CASS) Saint Louis, MO 1,500,731 653.93 13.09 12.01 1.69 3.43 24,033 79,884 69.35 21.91
30 HomeTown Bank Galveston, TX 509,289 NA 12.99 13.07 1.27 4.21 6,286 2,304 56.01 16.88
31 Alerus Financial Corp. (ALRS) Grand Forks, ND 1,484,864 261.32 12.90 12.27 1.38 3.97 20,231 76,227 73.77 13.20
32 Penns Woods Bancorp (PWOD) Williamsport, PA 1,245,011 229.14 12.84 10.79 1.19 3.81 14,608 10,583 62.76 12.65
33 Merchants Bancorp Hillsboro, OH 641,350 NA 12.71 11.89 1.10 4.03 6,905 2,402 55.35 13.02
34 Chesapeake Financial Shares (CPKF) Kilmarnock, VA 663,186 61.83 12.64 10.09 1.05 3.99 6,534 16,412 77.19 15.94
35 BancAffiliated (BAFI) Arlington, TX 501,412 63.40 12.59 14.28 1.64 5.43 6,864 11,712 67.58 13.44
36 First Business Financial (FBIZ) Madison, WI 1,629,387 190.94 12.52 11.78 1.04 3.56 14,139 10,103 58.29 12.13
37 New Tripoli Bancorp (NTBP) New Tripoli, PA 380,152 60.19 12.50 10.46 1.26 3.47 4,595 709 51.72 20.52
38 Middlefield Banc Corp. (MBCN) Middlefield, OH 677,531 65.15 12.44 12.17 1.07 3.93 7,180 3,340 59.95 14.64
39 Benchmark Bankshares (BMBN) Kenbridge, VA 489,948 61.39 12.40 11.40 1.29 4.66 6,164 4,057 64.04 17.15
40 Bank of Princeton Princeton, NJ 955,262 NA 12.39 12.53 0.99 3.76 9,001 1,740 62.49 11.19
41 Malaga Financial Corp. (MLGF) Palos Verdes Estates, CA 947,281 131.68 12.32 11.07 1.22 3.30 11,211 616 35.85 NA
42 Andover Bancorp (ANDC) Andover, OH 346,837 44.96 12.30 11.53 1.20 3.25 4,100 3,137 69.59 23.24
43 American Bank (AMBK) Allentown, PA 525,123 52.09 12.27 12.03 1.00 2.67 5,149 778 54.61 13.69
44 Bank of Greene County (MHC) Catskill, NY 711,589 NA 12.25 11.79 1.02 3.59 6,934 5,148 58.43 18.42
45 Peoples Limited (PPLL) Wyalusing, PA 299,284 32.27 12.08 12.42 1.02 3.65 2,942 2,250 71.04 13.47
46 Merchants Bancshares (MBVT) South Burlington, VT 1,723,464 183.16 12.06 9.84 0.73 3.03 12,125 11,467 67.98 16.95
47 Cashmere Valley Bank (CSHX) Cashmere, WA 1,324,604 148.29 11.90 12.60 1.22 3.34 15,796 9,466 54.19 17.32
48 BEO Bancorp (BEOB) Heppner, OR 325,898 27.31 11.89 9.91 0.78 4.96 2,419 2,134 71.06 12.97
49 First Citizens Bancshares (FIZN) Dyersburg, TN 1,481,438 184.16 11.84 11.03 1.11 3.64 13,669 13,463 68.01 16.30
50 First Commerce Bancorp Lewisburg, TN 282,359 NA 11.81 12.27 1.22 4.31 3,358 981 57.57 14.60
51 Fidelity Federal Bancorp (FDLB) Evansville, IN 240,007 7.45 11.77 23.57 2.45 3.90 5,361 9,951 46.26 25.54
52 First Community Financial Corp. (FMFP) Mifflintown, PA 453,314 56.14 11.66 10.75 0.92 3.21 4,060 2,698 70.90 18.70
53 Southeastern Bank Financial (SBFC) Augusta, GA 1,732,781 187.49 11.66 11.49 0.96 3.20 16,632 18,205 61.56 16.23
54 Farmers and Merchants Bank (FMFG) Upperco, MD 322,787 32.49 11.65 11.43 1.15 4.47 3,574 1,204 59.59 13.21
55 American Business Bank (AMBZ) Los Angeles, CA 1,534,869 164.76 11.64 10.09 0.80 2.90 11,460 2,192 62.18 16.76
56 QNB Corp. (QNBC) Quakertown, PA 977,135 95.54 11.64 10.89 0.95 3.07 8,998 5,272 64.94 14.06
57 Bank of South Carolina Corp. (BKSC) Charleston, SC 367,226 66.92 11.60 12.12 1.23 3.70 4,399 2,266 59.65 14.98
58 F.S. Bancorp (FXLG) Lagrange, IN 570,665 65.11 11.59 11.87 1.18 3.83 6,245 4,746 64.04 14.83
59 River Valley Bancorp (RIVR) Madison, IN 509,475 55.05 11.57 10.30 0.96 3.47 4,788 3,772 68.40 14.46
60 National Bankshares (NKSH) Blacksburg, VA 1,154,731 203.93 11.54 10.72 1.51 4.01 16,914 9,044 44.39 24.88
61 Truxton Corp. (TRUX) Nashville, TN 345,172 61.66 11.54 12.08 1.24 3.16 4,202 6,854 64.02 15.71
62 Bank First National Corp. (BFNC) Manitowoc, WI 1,105,009 145.53 11.38 11.84 1.17 3.64 12,620 6,080 53.05 12.64
63 Greene County Bancorp (MHC) (GCBC) Catskill, NY 712,422 122.28 11.36 10.83 0.97 3.37 6,635 5,523 61.15 18.42
64 Clover Community Bankshares Clover, SC 120,567 NA 11.34 10.53 1.04 4.19 1,246 1,197 67.55 16.39
65 FFD Financial Corp. (FFDF) Dover, OH 268,478 26.28 11.29 11.73 1.05 3.74 2,706 1,323 60.74 12.55
66 Two Rivers Financial Group (TRVR) Burlington, IA 674,795 53.81 11.25 15.05 1.36 3.80 9,177 20,213 70.65 12.97
67 NASB Financial (NASB) Grandview, MO 1,300,256 191.56 11.23 9.44 1.58 3.78 18,942 39,597 72.90 NA
68 Embassy Bancorp (EMYB) Bethlehem, PA 718,760 77.94 11.18 10.48 0.91 3.52 6,405 2,392 62.34 13.15
69 Security National Corp. (SNLC) Dakota Dunes, SD 1,249,835 168.08 11.14 11.30 1.13 2.91 14,282 19,460 58.26 16.35
70 Steuben Trust Corp. (SBHO) Hornell, NY 474,949 47.49 11.11 10.87 1.07 3.86 4,892 4,637 62.10 17.77
71 Parke Bancorp (PKBK) Sewell, NJ 821,706 72.83 11.02 12.42 1.53 4.33 12,312 8,049 37.01 17.23
72 Forsyth Bancshares Cumming, GA 231,513 NA 10.97 9.80 0.92 3.82 2,124 549 63.61 15.11
73 Valley Financial Corp. (VYFC) Roanoke, VA 901,399 97.36 10.97 11.53 0.77 3.52 6,599 4,738 64.30 14.67
74 First Community Bancorp Shelbyville, TN 347,393 NA 10.93 5.52 0.78 3.87 2,573 18,731 87.03 15.70
75 Santa Cruz County Bank (SCZC) Santa Cruz, CA 459,795 49.76 10.90 12.05 1.00 4.11 4,371 3,456 61.13 13.08
76 Community Bancorp. (CMTV) Derby, VT 586,711 69.55 10.89 10.81 0.89 3.86 5,125 5,114 69.03 13.66
77 Heartland BancCorp (HLAN) Gahanna, OH 649,682 66.84 10.85 10.56 0.98 4.00 6,081 2,759 63.78 13.86
78 First Sound Bank (FSWA) Seattle, WA 102,069 22.11 10.82 0.22 0.02 3.72 22 1,106 96.04 12.55
79 Commercial National Financial (CEFC) Ithaca, MI 374,489 25.86 10.81 11.07 0.64 3.29 2,428 2,117 65.14 15.15
80 Citizens & Northern Corp. (CZNC) Wellsboro, PA 1,241,963 249.06 10.79 9.21 1.38 3.80 17,086 15,420 57.76 27.60
81 Eagle Financial Services (EFSI) Berryville, VA 626,830 83.99 10.67 10.25 1.19 4.15 7,140 5,630 68.34 19.06
82 Bank of Kentucky Financial (BKYF) Crestview Hills, KY 1,931,656 377.51 10.66 9.52 0.99 3.37 18,316 23,252 61.20 13.83
83 Farmers Bancorp (FABP) Frankfort, IN 464,656 49.53 10.63 11.91 1.15 3.86 5,192 3,994 63.93 14.19
84 Summit Bank (SBKO) Eugene, OR 179,266 30.36 10.60 15.50 1.44 5.49 2,401 1,106 53.94 11.96
85 Mifflinburg Bancorp (MIFF) Mifflinburg, PA 378,093 41.77 10.56 10.74 1.08 3.35 3,904 2,035 56.48 15.61
86 First Pulaski National Corp. Pulaski, TN 734,225 NA 10.55 9.84 0.93 3.57 6,711 4,846 64.17 16.71
87 Hillsdale County National Bank Hillsdale, MI 482,784 NA 10.54 10.17 0.84 4.03 3,980 4,577 70.96 12.03
88 First Robinson Financial Corp. (FRFC) Robinson, IL 271,356 19.73 10.53 10.14 0.82 3.29 2,216 2,863 64.36 15.10
89 Citizens National Bancshares (CNBL) Bossier City, LA 818,005 152.58 10.53 11.02 1.19 4.32 9,049 5,580 62.49 15.87
90 Bank of Marin Bancorp (BMRC) Novato, CA 1,787,130 308.34 10.51 10.31 1.08 4.18 19,771 8,961 56.47 13.94
91 Capital Bank (CBJC) San Juan Capistrano, CA 252,474 27.97 10.51 13.78 1.44 4.97 3,022 2,101 54.58 14.69
92 Highlands Community Bank Covington, VA 129,852 NA 10.42 11.12 1.21 4.09 1,558 508 55.93 19.86
93 Merchants Financial Group (MFGI) Winona, MN 1,522,743 110.59 10.42 9.93 0.85 3.94 12,350 15,065 70.50 12.96
94 Pioneer Bankshares (PNBI) Stanley, VA 176,584 21.22 10.39 9.53 1.24 5.39 2,173 1,176 70.57 15.91
95 Bar Harbor Bankshares (BHB) Bar Harbor, ME 1,459,320 193.71 10.38 10.69 1.03 3.33 14,613 7,355 54.14 17.24
96 Community First Bank of Ind. (CFHW) Kokomo, IN 202,277 11.46 10.37 11.08 1.18 4.44 2,255 1,849 59.54 12.90
97 Iowa First Bancshares Corp. (IOFB) Muscatine, IA 439,771 39.46 10.36 10.46 0.97 3.52 4,256 3,448 61.08 13.38
98 FPB Financial Corp. (FPBF) Hammond, LA 226,628 19.91 10.36 9.44 0.95 4.88 2,063 2,404 74.36 17.53
99 Evans Bancorp (EVBN) Hamburg, NY 846,809 102.37 10.35 9.84 0.98 3.95 8,187 10,273 72.86 14.85
100 Citizens Commerce Bancshares Versailles, KY 213,856 NA 10.31 1.46 0.05 3.11 116 1,194 99.73 10.27
101 Redwood Financial (REDW) Redwood Falls, MN 234,193 13.48 10.26 8.93 1.12 4.87 2,512 1,940 63.40 15.99
102 Auburn National Bancorp. (AUBN) Auburn, AL 789,231 90.53 10.24 10.53 0.97 3.15 7,448 4,463 57.18 18.54
103 International City Bank Long Beach, CA 139,833 NA 10.23 5.86 0.80 5.19 1,113 2,013 86.01 20.86
104 NorthWest Indiana Bancorp (NWIN) Munster, IN 775,044 77.99 10.19 10.14 0.97 3.82 7,394 5,498 64.36 14.84
105 Northrim BanCorp (NRIM) Anchorage, AK 1,449,349 164.43 10.18 11.48 1.34 4.36 17,867 15,790 69.20 14.31
106 MidWestOne Financial Group (MOFG) Iowa City, IA 1,800,302 241.82 10.17 9.94 1.05 3.53 18,522 14,013 57.25 14.73
107 PSB Holdings (PSBQ) Wausau, WI 734,367 65.17 10.15 10.75 0.90 3.38 6,440 5,691 60.07 14.24
108 First Sentry Bancshares (FTSB) Huntington, WV 495,309 43.13 10.11 11.15 0.83 3.33 4,077 1,630 55.74 14.89
109 Nicolet Bankshares (NCBS) Green Bay, WI 1,215,285 108.21 10.10 9.27 0.84 3.94 10,051 13,002 65.84 14.03
110 Commercial Bancshares (CMOH) Upper Sandusky, OH 336,529 32.94 10.08 9.94 1.02 4.62 3,296 2,090 67.46 13.37
111 First Keystone Corp. (FKYS) Berwick, PA 912,353 147.55 10.07 9.90 1.13 3.43 10,211 5,118 62.56 16.03
112 Southern Missouri Bancorp (SMBC) Poplar Bluff, MO 1,296,250 138.71 10.06 10.14 1.05 3.88 11,735 7,427 55.59 14.84
113 Lighthouse Bank (LGHT) Santa Cruz, CA 169,303 31.34 10.05 10.01 1.47 5.01 2,437 341 49.53 18.49
114 Dimeco (DIMC) Honesdale, PA 611,433 66.53 10.04 8.68 0.91 3.98 5,531 4,273 61.86 14.29
115 CNB Corp. (CNBZ) Cheboygan, MI 253,921 19.33 10.04 8.79 0.75 3.20 1,912 1,841 80.82 18.96
116 Jeffersonville Bancorp (JFBC) Jeffersonville, NY 440,119 55.56 10.01 12.44 1.54 4.05 6,895 3,100 65.73 18.98
117 John Marshall Bank (JMSB) Reston, VA 786,838 145.62 10.01 8.38 1.11 4.24 8,019 466 55.94 14.03
118 Northeast Indiana Bancorp (NIDB) Huntington, IN 276,212 31.50 9.99 10.72 1.15 3.66 3,128 3,161 60.50 16.98
119 Ames National Corp. (ATLO) Ames, IA 1,301,031 232.21 9.97 10.09 1.21 3.31 15,251 6,902 48.07 16.59
120 Crystal Valley Financial Corp. (CYVF) Middlebury, IN 427,598 40.70 9.95 10.39 1.09 4.27 4,573 4,127 74.56 14.54
121 Codorus Valley Bancorp (CVLY) York, PA 1,213,846 119.69 9.95 10.22 0.98 3.84 11,769 7,635 61.49 14.42
122 Bank of Utica (BKUT) Utica, NY 981,131 136.25 9.93 7.28 1.12 1.99 10,730 383 35.18 20.66
123 Hamlin Bank and Trust Co. (HMLN) Smethport, PA 449,334 98.62 9.86 11.06 1.65 3.57 7,123 1,403 44.67 28.40
124 Landmark Bancorp (LARK) Manhattan, KS 863,470 86.54 9.85 11.89 0.96 3.47 8,049 14,972 66.70 15.16
125 Ohio Valley Banc Corp. (OVBC) Gallipolis, OH 778,668 98.45 9.85 9.62 1.01 4.54 8,073 8,870 67.71 17.41
126 Solvay Bank Corp. (SOBS) Solvay, NY 754,392 75.00 9.85 9.45 0.90 3.13 6,541 4,653 61.09 19.21
127 First Foundation Inc. (FFWM) Irvine, CA 1,355,424 154.81 9.84 9.19 0.71 3.70 8,394 23,711 75.88 12.23
128 Bridge Capital Holdings (BBNK) San Jose, CA 1,814,122 418.09 9.84 10.06 1.07 4.83 17,601 14,112 63.92 13.91
129 BankGuam Holding Co. (BKGMF) Hagatna, GU 1,465,739 75.00 9.83 9.78 0.66 4.52 9,560 10,342 75.83 11.86
130 Fidelity D & D Bancorp (FDBC) Dunmore, PA 676,485 88.22 9.81 9.12 0.96 3.75 6,352 6,755 65.18 15.25
131 Premier Valley Bank (PVLY) Fresno, CA 650,281 83.63 9.80 10.55 1.20 3.61 7,188 3,408 56.95 13.38
132 CSB Bancorp (CSBB) Millersburg, OH 620,981 61.64 9.79 10.60 0.97 3.56 5,884 4,117 61.46 13.56
133 Legends Financial Holdings Clarksville, TN 389,026 NA 9.79 9.24 0.87 4.22 3,320 1,729 68.04 14.06
134 Honat Bancorp (HONT) Honesdale, PA 593,486 102.16 9.79 9.01 1.26 3.75 7,370 4,374 56.70 19.31
135 United National Bank Cairo, GA 177,755 NA 9.77 10.01 1.35 5.02 2,403 794 51.22 17.02
136 County Bank Corp (CBNC) Lapeer, MI 321,526 27.02 9.76 11.48 1.14 3.57 3,643 3,352 67.12 20.43
137 Provident Financial Holdings (PROV) Riverside, CA 1,112,390 144.73 9.75 5.57 0.74 2.86 8,208 34,977 82.29 16.26
138 Exchange Bank (EXSR) Santa Rosa, CA 1,887,679 133.72 9.73 11.45 0.99 3.60 17,709 20,999 66.91 13.94
139 Mauch Chunk Trust Financial (MCHT) Jim Thorpe, PA 342,532 43.42 9.72 9.44 0.93 3.09 3,093 2,489 76.61 18.96
140 Carolina Bank Holdings (CLBH) Greensboro, NC 679,263 33.18 9.71 6.57 0.50 3.80 3,346 9,139 81.64 13.68
141 Woodlands Financial Services (WDFN) Williamsport, PA 364,202 32.95 9.70 9.07 0.81 3.29 2,852 2,851 71.77 14.00
142 Valley Commerce Bancorp (VCBP) Visalia, CA 408,540 45.12 9.63 10.06 1.08 3.96 4,251 1,388 68.33 16.04
143 Blue Ridge Bankshares (BRBS) Luray, VA 239,354 20.33 9.58 10.52 0.90 3.49 2,029 966 66.29 16.47
144 Community Bank Shares of Ind. (CBIN) New Albany, IN 888,746 148.00 9.58 9.54 1.04 4.25 9,013 5,977 63.30 18.65
145 Northumberland Bancorp (NUBC) Northumberland, PA 478,485 39.11 9.55 7.94 0.76 2.92 3,633 3,173 70.54 20.38
146 First Mid-Illinois Bancshares (FMBH) Mattoon, IL 1,607,103 148.06 9.55 9.76 0.97 3.53 15,461 17,654 62.12 15.60
147 Jonestown Bank and Trust Co. (JNES) Jonestown, PA 446,093 39.80 9.54 8.00 0.78 3.53 3,472 2,760 61.61 12.96
148 F & M Bank Corp. (FMBM) Timberville, VA 605,308 66.54 9.53 8.71 1.01 4.30 5,847 3,530 55.80 17.35
149 Howard Bancorp (HBMD) Ellicott City, MD 691,416 57.77 9.53 20.55 1.87 3.97 10,412 7,394 77.54 10.73
150 First National Bank of Groton (FIGR) Groton, NY 150,707 25.80 9.51 9.33 1.22 4.23 1,906 879 59.05 28.40
151 Chino Commercial Bancorp (CCBC) Chino, CA 130,133 13.09 9.50 11.14 0.91 3.79 1,140 1,605 70.83 16.72
152 Siuslaw Financial Group* Florence, OR 362,233 NA 9.44 9.79 1.03 3.76 3,783 5,518 77.43 19.26
153 Plumas Bancorp (PLBC) Quincy, CA 538,862 43.19 9.43 14.01 0.89 4.05 4,738 7,039 65.47 14.46
154 Sunwest Bank (SWBC) Irvine, CA 837,515 84.17 9.43 7.89 1.01 5.36 7,990 2,669 70.54 14.09
155 County Commerce Bank (CNYB) Oxnard, CA 252,568 29.26 9.42 8.88 0.80 3.01 1,907 362 58.45 16.31
156 Bank of the James Financial (BOTJ) Lynchburg, VA 460,865 37.16 9.39 10.28 0.76 3.97 3,413 3,444 75.50 13.04
157 Benton Financial Corp. (BTOF) Fowler, IN 142,029 10.66 9.37 8.80 1.16 4.00 1,593 599 70.31 20.38
158 Jeff Davis Bancshares (JDVB) Jennings, LA 779,391 91.74 9.37 9.78 0.95 4.24 7,040 8,537 74.08 13.90
159 Mid Penn Bancorp (MPB) Millersburg, PA 755,657 65.98 9.37 9.95 0.78 3.95 5,701 3,080 63.42 11.36
160 First Bankers Trustshares (FBTT) Quincy, IL 842,305 72.06 9.36 9.66 0.88 3.10 7,245 14,424 66.25 14.97
161 FNB Bancorp (FNBG) South San Francisco, CA 917,164 119.50 9.35 10.35 1.04 4.21 9,409 3,866 71.12 14.60
162 IFB Holdings (IFBH) Chillicothe, MO 68,464 3.36 9.30 8.92 1.14 3.85 769 340 57.36 30.05
163 SB Financial Group (SBFG) Defiance, OH 684,228 52.28 9.28 8.74 0.78 3.62 5,263 12,667 73.81 14.00
164 Marlin Business Services Corp. (MRLN) Mount Laurel, NJ 758,449 260.64 9.25 11.47 2.64 8.61 19,350 21,997 51.80 27.39
165 Wilson Bank Holding Co. (WBHC) Lebanon, TN 1,873,242 NA 9.21 10.95 1.15 3.75 20,777 16,133 58.83 14.95
166 CB Financial Services (CBFV) Carmichaels, PA 846,314 80.17 9.21 8.60 0.72 3.47 4,292 3,758 65.39 13.06
167 Kish Bancorp (KISB) Belleville, PA 659,845 48.96 9.20 9.61 0.67 3.03 4,359 5,896 79.94 13.06
168 CCFNB Bancorp (CCFN) Bloomsburg, PA 639,144 86.59 9.18 8.77 1.09 3.36 6,834 6,188 59.83 21.07
169 Citizens Financial Corp. (CIWV) Elkins, WV 220,752 14.05 9.17 9.58 0.98 4.10 2,095 2,135 71.94 18.21
170 Capital Bank of New Jersey (CKPB) Vineland, NJ 347,386 28.56 9.15 11.00 1.04 3.90 3,557 787 58.81 13.97
171 Oak Valley Bancorp (OVLY) Oakdale, CA 749,665 80.35 9.13 10.07 1.03 4.11 7,122 3,555 68.24 14.52
172 Kentucky Bancshares (KTYB) Paris, KY 855,209 76.32 9.11 9.50 0.89 3.69 7,071 9,192 72.99 13.05
173 Allegheny Bancshares Franklin, WV 267,494 NA 9.09 9.49 1.15 4.51 3,042 2,148 58.09 17.58
174 LCNB Corp. (LCNB) Lebanon, OH 1,108,066 140.80 9.09 8.04 0.88 3.66 9,869 8,993 61.77 14.38
175 First Capital (FCAP) Corydon, IN 472,761 66.82 9.09 10.12 1.22 4.14 5,607 4,753 62.25 15.80
176 ACNB Corp. (ACNB) Gettysburg, PA 1,089,808 123.32 9.08 9.33 0.97 3.54 10,290 11,842 67.31 15.29
177 TFC Holding Co. (TFCH) Alhambra, CA 445,423 67.77 9.06 10.41 1.64 3.32 6,968 572 68.63 24.04
178 County Bancorp (ICBK) Manitowoc, WI 771,756 114.91 9.06 9.03 1.07 3.29 8,210 7,148 55.81 17.16
179 United Security Bancshares (UBFO) Fresno, CA 663,169 81.43 9.04 7.80 0.93 4.01 6,216 4,445 66.22 17.29
180 Surrey Bancorp (SRYB) Mount Airy, NC 253,201 53.24 9.03 9.65 1.38 4.10 3,444 2,838 59.43 21.55
181 American National Bankshares (AMNB) Danville, VA 1,346,492 198.79 9.00 7.40 0.97 3.66 12,741 10,671 59.51 17.86
182 Fayette Savings Bank, SSB La Grange, TX 97,210 NA 8.98 8.89 0.70 3.60 656 145 70.89 14.78
183 National Bank of Indianapolis Indianapolis, IN 1,743,056 NA 8.96 9.94 0.65 2.98 10,800 17,207 73.62 12.58
184 Citizens Holding Co. (CIZN) Philadelphia, MS 921,061 87.31 8.96 10.17 0.84 3.68 7,450 7,524 69.39 17.84
185 CBC Holding Co. (CBHC) Fitzgerald, GA 131,782 8.20 8.96 10.04 1.21 3.95 1,530 1,013 62.58 18.07
186 First BancTrust Corp. (FIRT) Champaign, IL 433,751 34.92 8.95 8.40 0.77 3.58 3,245 3,966 67.59 14.50
187 Citizens B & T Holdings (CBTH) Guntersville, AL 357,557 20.20 8.93 9.13 0.90 4.58 3,004 2,659 62.26 13.27
188 TPB Bancorp Brownstown, IN 188,363 NA 8.93 9.14 0.86 3.37 1,642 769 58.88 20.65
189 Virginia National Bankshares (VABK) Charlottesville, VA 537,053 57.80 8.93 3.18 0.37 3.06 1,898 5,529 85.89 17.87
190 Bancorp. of Southern Indiana (BCSO) Seymour, IN 454,881 31.67 8.91 8.36 0.86 3.13 3,831 5,208 73.08 16.60
191 Keweenaw Financial Corp. (KEFI) Hancock, MI 579,125 71.22 8.89 8.59 0.98 3.27 5,606 3,258 59.65 23.22
192 National Bancshares Corp. (NBOH) Orrville, OH 529,599 70.48 8.87 11.25 1.16 3.71 5,904 2,807 58.34 12.65
193 Turbotville National Bancorp (TVNB) Turbotville, PA 127,811 14.57 8.84 8.59 1.29 2.99 1,620 390 51.27 27.17
194 Merchants & Marine Bancorp (MMPM) Pascagoula, MS 557,438 37.25 8.81 9.08 0.89 3.43 5,299 7,374 62.90 23.97
195 Ledyard Financial Group (LFGP) Hanover, NH 433,277 49.46 8.80 10.26 0.94 3.24 3,969 9,635 78.38 15.61
196 Exchange Bankshares (EXCH) Milledgeville, GA 225,426 16.88 8.79 8.57 0.93 3.51 2,095 1,718 71.26 20.33
197 River City Bank (RCBC) Sacramento, CA 1,276,101 158.60 8.79 8.47 0.96 3.05 11,849 3,942 59.20 17.61
198 Northway Financial (NWYF) North Conway, NH 925,713 58.20 8.77 9.03 0.84 3.42 7,853 6,766 79.10 19.22
199 Delhi Bank Corp. (DWNX) Delhi, NY 282,203 40.53 8.76 7.70 0.65 2.71 1,855 1,545 74.08 25.92
200 Norwood Financial Corp. (NWFL) Honesdale, PA 711,635 102.53 8.76 7.92 1.08 3.90 7,657 3,935 53.95 18.49
  Median for top 200 institutions   632,987 70.0 10.29 10.34 1.04 3.76 6,423 4,363 63.12 15.27
  Median for all 750 institutions   408,690 43.1 6.51 6.65 0.72 3.59 2,676 2,450 72.80 16.00


Note: Ranking is of bank holding companies, banks, and thrifts that had total assets of less than $2 billion as of Dec. 31 and that are publicly traded or report financials to the SEC. Ranking is based on three-year average ROAE for 2012 to 2014. Additional data shown here is for the 12 months ended Dec. 31, 2014. Financials are sourced from GAAP filings. If unavailable, regulatory financials were used. Excludes institutions that didn't report GAAP or regulatory data for any year during the ranking period. Excludes institutions with a leverage ratio of less than 5%, a Tier 1 risk-based capital ratio of less than 6%, or a total risk-based capital ratio of less than 10%. Excludes industrial banks, nondepository trusts and institutions that operated as a subchapter S corporation at any time during the ranking period. Also excludes institutions that received a tax benefit of greater than 10% of net income in 2012, 2013 or 2014. Using the preceding criteria, 750 institutions qualified for the ranking, and the top 200 are listed here. All data as of March 30.
* Denotes institutions that were acquired or merged between Jan. 1, 2015, and March 23, 2015.
Source: Capital Performance Group analysis of data provided by SNL Financial
© 2015 American Banker Magazine

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