All about scale: The top 200 publicly traded community banks

The combination of low interest rates and increased regulatory expenses leaves banks with few options for improving their performance. But one effective strategy — to at least offset the dampening effect — is to bulk up.

Our annual ranking of publicly traded banks and thrifts with less than $2 billion of assets bears this out.

The overall group of 669 institutions that fit our criteria for this ranking improved their return on average equity to a median of 7.62% last year.

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Kevin Halsey, a consultant at Capital Performance Group, attributed the marginal gain of 31 basis points not so much to revenue growth — which continued to be a major challenge — but to a reduction in the ratio of noninterest expenses to average assets. And he said the improvement in that ratio is mainly a factor of added heft.

"Institutions are getting bigger, either from organic growth or from acquisitions," Halsey said. "So they're able to better spread their expenses across their asset bases."

The top 200 institutions — ranked here by return on average equity across three years — grew assets by a median of $62.7 million last year, compared with $39.3 million for the peer group. That pushed the median asset size for those high performers up to $663 million, which is a whopping 50% higher than the peers' $446 million.

"That increased scale really allows the top 200 to be more efficient," Halsey said. (Click on "view table" at the end of this article to see the latest ranking and use the links below to go to the rankings from past years.)

See rankings from past years:

The ratio of noninterest expenses to average assets was a median of 2.77% for the top 200 (7 basis points better than a year earlier), and 2.90% for the peers (5 basis points better), according to an analysis by CPG.

The efficiency ratio showed a similar trend, with a median of 63.07% for the top 200 and 70.51% for the peers. That ratio shrunk by 98 basis points for the high performers last year, compared with 80 basis points for the peers.

Though market conditions were mostly the same as for our previous ranking, Halsey expects more eventful changes ahead. “It’s going to get more interesting as rates rise,” he said.

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All about scale: The top 200 publicly traded community banks

Top 200 Publicly Traded Community Banks and Thrifts as Ranked by 3-Year Average ROE

Rank Institution Name Location Total Assets ($000) Market Value ($M) Closing Price ($) 3-Year Avg. ROAE (%) ROAE (%) ROAA (%) Net Interest Margin (FTE) (%) Net Income ($000) Total Noninterest
Income ($000)
Efficiency Ratio (FTE) (%) Total Risk-Based
Cap Ratio (%)
1 Fidelity Federal Bancorp (FDLB) Evansville, IN 456,271 11.12 10.00 20.46 17.15 2.30 3.38 9,138 15,746 50.54 26.26
2 Thomasville Bancshares (THVB) Thomasville, GA 779,284 210.41 35.50 16.76 17.07 1.50 3.65 11,175 10,549 48.22 11.33
3 University Bancorp (UNIB) Ann Arbor, MI 193,069 34.48 6.76 16.65 25.25 2.30 3.62 3,853 33,336 83.84 16.78
4 Seacoast Commerce (SCBH) San Diego, CA 569,537 110.65 18.80 16.44 17.96 1.27 4.45 6,909 13,120 71.75 20.07
5 West Town Bancorp (WTWB) Raleigh, NC 280,158 36.72 25.10 16.05 7.01 0.74 4.33 1,800 16,569 75.05 14.01
6 BancAffiliated (BAFI) Arlington, TX 643,628 67.92 75.00 15.42 13.74 1.37 5.11 7,789 9,945 64.87 12.29
7 Union Bankshares (UNB) Morrisville, VT 691,381 185.40 41.55 14.97 15.25 1.30 4.14 8,511 10,069 67.49 13.05
8 Plumas Bancorp (PLBC) Quincy, CA 657,975 85.64 17.40 14.90 16.08 1.20 4.21 7,474 7,684 59.02 13.30
9 West Bancorp. (WTBA) West Des Moines, IA 1,854,204 336.48 20.85 14.81 14.35 1.27 3.49 23,016 7,473 46.34 11.87
10 First General Bank (FGEB) Rowland Heights, CA 840,573 NA NA 14.48 14.64 1.63 3.97 12,814 3,131 32.96 14.76
11 Access National Corp. (ANCX) Reston, VA 1,430,708 288.01 26.75 14.47 14.11 1.27 3.52 16,404 31,694 62.07 11.51
12 T Bancshares (TBNC) Dallas, TX 213,125 41.12 10.15 14.39 15.15 2.13 4.64 4,278 13,612 67.92 17.19
13 First Farmers Financial Corp. (FFMR) Converse, IN 1,616,450 257.76 72.00 14.03 12.89 1.10 3.76 17,033 13,300 58.42 12.82
14 Summit Bank (SBKO) Eugene, OR 281,998 56.80 16.00 13.98 12.08 1.13 4.91 2,855 1,105 55.26 11.47
15 Trinity Bank (TYBT) Fort Worth, TX 232,744 69.82 63.00 13.94 13.54 1.79 3.48 4,009 553 41.52 20.39
16 Citizens Bank Carthage, TN 569,317 NA NA 13.78 12.95 2.21 4.77 12,344 2,380 29.21 30.29
17 Commonwealth Business Bank (CWBB) Los Angeles, CA 913,194 137.79 15.15 13.73 11.80 1.38 4.16 11,437 11,917 49.11 14.95
18 First Intercontinental Bank (FIEB) Doraville, GA 325,680 55.28 9.35 13.72 14.02 2.27 4.11 7,218 9,735 48.27 21.07
19 Pacific City Financial Corp. (PFCF) Los Angeles, CA 1,226,643 173.48 14.25 13.52 12.47 1.25 4.20 14,002 13,611 54.93 13.48
20 Coastal Banking Co. (CBCO) Beaufort, SC 561,389 63.82 17.50 13.28 16.08 1.29 3.86 6,956 21,158 69.94 19.74
21 Fentura Financial (FETM) Fenton, MI 703,541 66.05 18.25 13.26 11.26 0.81 3.80 4,071 6,658 71.89 11.41
22 Parke Bancorp (PKBK) Sewell, NJ 1,016,185 146.56 21.30 13.01 15.58 2.01 3.96 18,943 4,509 39.02 18.33
23 Lyons Bancorp (LYBC) Lyons, NY 956,132 115.72 36.49 12.99 11.92 0.82 3.39 7,600 8,533 66.92 12.34
24 Santa Cruz County Bank (SCZC) Santa Cruz, CA 588,232 87.52 39.95 12.90 13.58 1.17 4.05 6,491 3,711 55.10 12.89
25 Minster Financial Corp. (MTFC) Minster, OH 465,950 52.82 50.50 12.88 12.21 1.12 3.17 4,984 3,802 57.87 14.69
26 FFD Financial Corp. (FFDF) Dover, OH 318,652 37.69 38.00 12.86 14.60 1.37 3.74 3,911 1,758 56.61 12.72
27 Unity Bancorp (UNTY) Clinton, NJ 1,189,906 164.29 15.65 12.86 15.37 1.17 3.58 13,209 8,372 59.13 13.84
28 Cambridge Bancorp (CATC) Cambridge, MA 1,848,999 262.40 65.00 12.85 12.79 0.95 3.18 16,896 28,223 68.38 13.14
29 Greer Bancshares3 Greer, SC 378,353 NA NA 12.81 10.36 0.73 3.03 2,780 3,283 75.66 16.26
30 First Century Bancorp. Gainesville, GA 117,957 NA NA 12.77 12.90 1.05 2.03 1,267 4,438 80.84 36.30
31 Home Loan Financial Corp. (HLFN) Coshocton, OH 205,029 37.81 27.00 12.73 12.39 1.55 4.55 3,117 1,202 51.53 16.16
32 Washington Federal Bank for Savings Chicago, IL 154,908 NA NA 12.62 12.39 1.51 4.54 2,268 201 46.44 25.23
33 Capital Bank (CBJC) San Juan Capistrano, CA 305,609 35.33 22.55 12.59 11.95 1.14 4.55 3,181 887 56.08 12.06
34 First Commerce Bancorp Lewisburg, TN 337,366 NA NA 12.55 13.14 1.31 4.13 4,212 1,527 53.05 13.44
35 Bank of Princeton (BPRN) Princeton, NJ 1,025,995 152.76 32.50 12.51 12.06 1.16 3.79 11,843 2,354 59.34 12.05
36 First Bancorp (FBLV) Lebanon, VA 1,648,963 253.06 61.15 12.48 12.14 1.31 3.76 20,069 14,119 55.63 16.09
37 Bank of South Carolina Corp. (BKSC) Charleston, SC 413,950 103.99 20.96 12.47 12.65 1.28 3.71 5,247 2,480 58.95 15.46
38 1st Summit Bancorp of Johnstown (FSMK) Johnstown, PA 996,919 115.38 105.00 12.42 11.54 1.05 3.12 10,136 4,798 57.52 18.70
39 Susquehanna Community Financial (SQCF) West Milton, PA 394,119 72.51 24.50 12.31 10.61 1.16 3.53 4,461 3,055 57.51 14.63
40 Truxton Corp. (TRUX) Nashville, TN 407,225 86.11 32.50 12.28 12.27 1.35 3.15 5,505 8,508 61.38 14.80
41 Oregon Bancorp (ORBN) Salem, OR 176,805 23.25 21.05 12.13 22.80 2.44 4.12 4,112 22,093 76.59 14.43
42 Greene County Bancorp (MHC) (GCBC) Catskill, NY 931,981 189.61 22.30 12.05 13.32 1.15 3.61 9,926 6,111 52.41 15.56
43 Landmark Bancorp (LARK) Manhattan, KS 911,382 114.55 29.60 12.01 10.34 1.00 3.45 8,961 14,292 67.67 18.46
44 United American Bank (UABK) San Mateo, CA 306,357 13.50 0.30 11.89 12.69 1.06 3.22 3,245 322 85.31 13.65
45 Bank First National Corp. (BFNC) Manitowoc, WI 1,315,997 219.95 35.45 11.83 12.02 1.13 3.26 14,913 7,111 54.08 11.68
46 Merchants Bancorp Hillsboro, OH 668,499 NA NA 11.83 11.80 1.13 3.77 7,603 3,027 54.88 13.84
47 Cass Information Systems (CASS) Saint Louis, MO 1,504,839 701.17 62.62 11.81 11.76 1.62 3.32 24,348 85,749 72.06 22.75
48 Farmers Bancorp (FABP) Frankfort, IN 511,646 65.17 62.50 11.79 10.54 1.04 3.89 5,219 4,382 66.80 12.77
49 SouthEast Bank Farragut, TN 1,253,531 NA NA 11.77 9.07 0.78 3.91 8,015 4,832 67.44 16.56
50 Somerset Trust Holding Co. (SOME) Somerset, PA 1,067,637 113.44 46.30 11.74 11.16 0.97 4.46 10,107 10,892 71.40 11.92
51 Citizens Financial Services (CZFS) Mansfield, PA 1,223,018 176.17 53.00 11.72 10.24 1.06 3.68 12,638 7,644 57.61 14.93
52 PSB Holdings (PSBQ) Wausau, WI 827,528 96.13 63.00 11.72 12.39 1.07 3.46 8,436 6,727 59.41 14.01
53 Carolina Financial Corp. (CARO) Charleston, SC 1,683,736 408.23 28.35 11.72 11.61 1.14 3.60 17,570 28,591 64.90 14.97
54 HomeTown Bank Galveston, TX 572,149 NA NA 11.70 10.76 1.10 3.81 6,226 1,910 58.85 17.06
55 Peoples Limited (PPLL) Wyalusing, PA 322,445 37.51 65.02 11.70 10.99 0.98 3.55 3,114 2,334 66.29 14.37
56 Farmers and Merchants Bancshares (FMFG) Upperco, MD 380,225 45.55 27.50 11.66 11.27 1.19 4.13 4,303 1,522 61.78 NA
57 Heartland BancCorp (HLAN) Gahanna, OH 781,302 119.53 75.50 11.63 11.43 1.05 3.94 7,988 3,362 62.78 13.16
58 F.S. Bancorp (FXLG) Lagrange, IN 680,451 83.92 75.00 11.55 12.06 1.23 3.80 7,489 5,087 61.36 15.25
59 NASB Financial (NASB) Grandview, MO 1,879,558 272.06 36.70 11.40 12.97 1.52 3.68 27,086 59,111 64.63 15.84
60 Baker Boyer Bancorp (BBBK) Walla Walla, WA 601,382 89.97 69.00 11.33 11.03 0.96 3.24 5,565 11,881 74.21 16.58
61 Cashmere Valley Bank (CSHX) Cashmere, WA 1,452,688 205.05 50.00 11.26 10.71 1.25 3.15 17,524 10,279 52.53 18.91
62 Security National Corp. (SNLC) Dakota Dunes, SD 1,382,744 190.43 105.00 11.25 10.49 1.08 2.95 15,285 20,190 58.67 16.92
63 FS Bancorp (FSBW) Mountlake Terrace, WA 827,926 110.50 36.05 11.21 13.76 1.31 4.43 10,499 23,423 66.62 12.88
64 Southeastern Bank Financial 3 Augusta, GA 1,840,925 NA NA 11.21 10.26 1.00 3.26 18,673 20,885 61.26 17.23
65 Chino Commercial Bancorp (CCBC) Chino, CA 175,092 20.62 16.75 11.14 10.73 0.85 3.70 1,453 1,567 64.79 15.37
66 Southern Missouri Bancorp (SMBC) Poplar Bluff, MO 1,492,349 240.34 32.26 11.11 11.86 1.06 3.74 14,889 9,840 56.82 12.11
67 Commercial National Financial (CEFC) Ithaca, MI 400,367 46.03 11.60 11.09 10.66 0.65 3.02 2,598 1,538 70.77 13.91
68 Muncy Bank Financial (MYBF) Muncy, PA 393,344 54.76 36.45 11.08 9.30 1.03 3.79 3,932 1,426 63.26 17.31
69 Northeast Indiana Bancorp (NIDB) Huntington, IN 300,985 42.56 35.25 11.07 10.58 1.22 3.52 3,594 3,148 60.23 16.38
70 Paragon Commercial Corp. (PBNC) Raleigh, NC 1,503,767 281.26 51.60 11.06 11.35 0.95 3.54 13,390 1,888 56.35 13.21
71 FFW Corp. (FFWC) Wabash, IN 351,831 40.60 35.00 11.03 10.70 1.16 3.60 4,009 3,209 62.90 15.46
72 Southern First Bancshares (SFST) Greenville, SC 1,340,908 209.85 32.45 11.02 12.73 1.04 3.63 13,036 10,415 55.76 12.11
73 Community First Bank of Ind. (CFHW) Kokomo, IN 217,958 11.61 9.00 11.01 11.15 1.26 4.50 2,662 2,259 59.72 13.37
74 Choice Bancorp (CBKW) Oshkosh, WI 334,264 39.46 18.00 11.00 11.85 1.03 3.24 3,129 859 48.74 15.15
75 Benchmark Bankshares (BMBN) Kenbridge, VA 568,492 90.43 17.50 10.96 10.50 1.21 4.48 6,522 5,566 66.40 17.81
76 International City Bank Long Beach, CA 209,702 NA NA 10.93 16.91 1.93 4.23 3,481 5,958 56.75 17.44
77 BEO Bancorp (BEOB) Heppner, OR 382,200 36.89 30.25 10.90 11.71 0.94 5.22 3,389 2,218 68.72 12.51
78 Summit Financial Group (SMMF) Moorefield, WV 1,758,647 210.42 19.33 10.90 11.53 1.08 3.39 17,297 10,473 55.31 12.60
79 First Sentry Bancshares (FTSB) Huntington, WV 629,864 47.09 32.75 10.89 10.15 0.99 3.53 5,368 1,734 54.69 14.24
80 First Business Financial Services (FBIZ) Madison, WI 1,780,699 212.99 24.43 10.85 9.40 0.82 3.64 14,909 17,978 64.12 11.74
81 First Community Bancorp Shelbyville, TN 448,025 NA NA 10.82 14.60 1.74 3.28 7,803 40,716 78.18 15.66
82 Steuben Trust Corp. (SBHO) Hornell, NY 516,123 64.05 38.75 10.81 10.47 1.06 3.44 5,446 4,266 63.03 17.33
83 Capital Bank of New Jersey (CANJ) Vineland, NJ 443,553 41.58 16.70 10.79 10.48 1.01 3.51 4,173 1,029 58.44 12.88
84 Community National Corp. Lexington, TN 135,740 NA NA 10.71 11.00 1.05 4.63 1,378 585 61.43 13.08
85 Middlefield Banc Corp. (MBCN) Middlefield, OH 787,821 121.12 43.25 10.71 9.33 0.85 3.80 6,416 3,656 66.65 15.75
86 Marlin Business Services Corp. (MRLN) Mount Laurel, NJ 892,158 307.16 24.40 10.70 11.15 2.08 8.28 17,279 25,301 55.86 20.62
87 Civista Bancshares (CIVB) Sandusky, OH 1,377,263 205.28 20.37 10.61 12.90 1.19 3.91 17,217 15,961 63.83 14.20
88 High Country Bancorp (HCBC) Salida, CO 234,397 36.72 41.00 10.59 12.67 1.31 4.61 3,067 1,657 64.54 14.85
89 Commercial Bancshares 3 Upper Sandusky, OH 355,721 NA NA 10.59 12.22 1.31 4.33 4,530 2,737 61.72 14.11
90 New Tripoli Bancorp (NTBP) New Tripoli, PA 410,944 61.30 955.00 10.58 11.11 1.35 3.46 5,280 733 56.07 20.04
91 Malaga Financial Corp. (MLGF) Palos Verdes Estates, CA 981,376 152.99 25.01 10.57 10.10 1.16 3.12 11,559 671 34.55 23.85
92 Embassy Bancorp (EMYB) Bethlehem, PA 924,720 103.57 13.95 10.55 10.34 0.85 3.28 7,354 2,868 61.80 12.20
93 First Bankers Trustshares (FBTT) Quincy, IL 930,935 94.89 30.75 10.53 11.12 1.02 3.08 9,145 17,222 65.05 15.24
94 Hamlin Bank and Trust Co. (HMLN) Smethport, PA 459,757 113.63 305.00 10.50 8.79 1.43 3.55 6,173 1,378 53.80 25.12
95 BankGuam Holding Co. (BKGMF) Hagatna, GU 1,921,552 110.89 12.00 10.50 11.22 0.77 4.39 13,553 13,491 73.73 12.99
96 Crystal Valley Financial Corp. (CYVF) Middlebury, IN 503,140 64.58 41.55 10.49 11.08 1.23 4.38 5,964 4,668 65.09 13.91
97 BNCCORP (BNCC) Bismarck, ND 910,400 88.44 25.59 10.40 9.48 0.78 3.17 7,156 25,048 78.36 19.96
98 CSB Bancorp (CSBB) Millersburg, OH 669,978 82.40 30.05 10.37 10.44 1.03 3.67 6,738 4,295 60.14 13.45
99 First Citizens Bancshares (FIZN) Dyersburg, TN 1,599,000 199.38 52.00 10.36 9.78 1.01 3.62 15,902 15,995 62.62 15.87
100 US Metro Bank (USMT) Garden Grove, CA 194,628 23.26 2.50 10.35 12.05 1.61 3.53 2,596 3,542 76.14 18.50
101 People's Utah Bancorp (PUB) American Fork, UT 1,665,981 464.42 25.95 10.31 10.68 1.48 4.67 23,610 16,970 55.71 20.19
102 Hillsdale County National Bank Hillsdale, MI 570,063 NA NA 10.31 10.43 0.91 4.20 4,995 5,589 70.60 12.46
103 U & I Financial Corp. (UNIF) Lynnwood, WA 258,452 47.24 9.50 10.30 10.59 1.42 3.72 3,662 3,086 57.73 20.21
104 F & M Bank Corp. (FMBM) Timberville, VA 744,889 91.19 27.90 10.27 11.42 1.37 4.34 9,762 3,664 60.01 14.65
105 Community Bancorp. (CMTV) Derby, VT 637,654 90.05 17.75 10.26 10.36 0.91 3.98 5,484 5,073 68.78 13.52
106 NorthWest Indiana Bancorp (NWIN) Munster, IN 913,626 112.44 39.25 10.23 10.65 1.03 3.63 9,142 6,687 66.75 14.26
107 Mifflinburg Bancorp (MIFF) Mifflinburg, PA 407,166 56.27 57.10 10.19 10.31 1.06 3.32 4,182 2,182 55.55 15.23
108 Northrim BanCorp (NRIM) Anchorage, AK 1,526,540 195.89 28.35 10.18 8.25 1.00 4.20 14,990 43,274 75.27 15.80
109 FPB Financial Corp. (FPBF) Hammond, LA 299,516 34.44 16.70 10.12 9.54 1.03 4.67 2,642 3,456 72.79 16.91
110 Auburn National Bancorp. (AUBN) Auburn, AL 831,943 119.62 32.83 10.06 9.65 0.98 3.05 8,150 3,604 56.93 17.95
111 Two Rivers Financial Group (TRVR) Burlington, IA 778,098 51.40 23.00 10.05 7.38 0.68 3.85 5,057 16,066 77.49 10.51
112 Foresight Financial Group (FGFH) Rockford, IL 1,135,331 114.43 31.50 10.04 9.50 0.90 3.68 9,933 6,887 57.57 13.48
113 C&F Financial Corp. (CFFI) Toano, VA 1,451,992 153.53 44.05 10.03 9.90 0.96 6.30 13,459 24,619 64.65 13.92
114 First National Corp. (FXNC) Strasburg, VA 716,722 70.00 14.20 10.03 12.01 0.84 3.61 5,901 8,485 71.08 13.47
115 American Bank Inc. (AMBK) Allentown, PA 557,136 69.56 12.25 10.02 9.23 0.79 2.84 4,444 962 53.56 12.35
116 Forsyth Bancshares Cumming, GA 290,378 NA NA 10.02 10.61 0.97 3.64 2,776 677 58.95 14.83
117 Highlands Community Bank Covington, VA 138,058 NA NA 10.01 9.16 1.15 4.21 1,570 511 56.92 20.42
118 GrandSouth Bancorp. (GRRB) Greenville, SC 515,515 65.02 14.50 10.01 6.10 0.69 6.38 3,185 888 66.85 14.98
119 Clover Community Bankshares Clover, SC 126,976 NA NA 9.98 9.40 1.00 4.26 1,274 1,162 70.62 15.89
120 Bar Harbor Bankshares (BHB) Bar Harbor, ME 1,755,349 306.46 29.88 9.97 9.21 0.89 2.96 14,933 7,851 59.84 16.52
121 Penns Woods Bancorp (PWOD) Williamsport, PA 1,348,590 207.08 43.74 9.95 8.96 0.93 3.43 12,475 10,677 65.12 13.38
122 Mid Penn Bancorp (MPB) Millersburg, PA 1,032,599 117.05 27.65 9.95 10.73 0.78 3.82 7,804 4,792 72.39 11.00
123 Chesapeake Financial Shares (CPKF) Kilmarnock, VA 720,761 92.02 22.85 9.94 9.37 1.01 3.83 7,026 21,280 80.31 15.30
124 Country Bank Holding Co. (CYHC) New York, NY 630,619 38.74 20000.00 9.93 11.22 1.01 4.19 6,084 137 57.79 13.13
125 Merchants Financial Group (MFGI) Winona, MN 1,623,475 162.61 59.55 9.89 9.77 0.87 4.26 14,155 14,994 65.46 12.91
126 QNB Corp. (QNBC) Quakertown, PA 1,063,141 130.64 38.25 9.87 9.45 0.87 3.03 8,924 5,216 62.68 12.75
127 Communities First Financial (CFST) Fresno, CA 363,533 37.51 13.75 9.86 10.66 0.98 4.08 3,075 1,726 55.08 16.08
128 Citizens National Bancshares (CNBL) Bossier City, LA 885,178 155.81 23.81 9.86 9.00 1.06 4.31 9,130 6,132 64.49 14.23
129 Wells Financial Corp. (WEFP) Wells, MN 268,475 38.67 49.55 9.83 7.54 0.88 3.70 2,387 3,928 70.83 14.63
130 Birmingham Bloomfield 3 Birmingham, MI 290,029 NA NA 9.82 11.22 0.92 3.91 2,567 1,075 57.99 10.21
131 First Freedom Bancshares Lebanon, TN 420,812 NA NA 9.81 7.51 0.74 3.84 2,918 1,997 66.17 11.73
132 First Guaranty Bancshares (FGBI) Hammond, LA 1,500,946 184.14 24.20 9.80 11.18 0.97 3.39 14,093 5,716 59.68 12.79
133 Redwood Financial (REDW) Redwood Falls, MN 263,903 16.12 40.00 9.79 10.89 1.34 4.73 3,413 4,413 59.77 14.51
134 Valley Commerce Bancorp3 Visalia, CA 421,572 NA NA 9.79 9.52 1.10 4.20 4,608 1,603 65.87 16.08
135 First Bancorp (FNLC) Damariscotta, ME 1,712,875 276.77 25.59 9.79 10.28 1.12 3.05 18,009 11,826 50.73 15.69
136 Summit Bancshares (SMAL) Oakland, CA 241,175 30.06 24.95 9.75 7.14 0.84 3.35 2,000 1,800 63.83 17.51
137 Jeffersonville Bancorp (JFBC) Jeffersonville, NY 483,771 66.06 15.60 9.75 8.45 1.06 3.78 5,118 3,119 68.48 17.94
138 Ledyard Financial Group (LFGP) Hanover, NH 475,052 58.73 56.05 9.74 9.55 0.89 3.00 4,128 9,829 79.70 13.40
139 Timberland Bancorp (TSBK) Hoquiam, WA 923,751 157.12 21.39 9.73 11.42 1.24 3.86 10,773 11,492 61.81 16.39
140 First Pulaski National Corp. Pulaski, TN 760,126 NA NA 9.72 9.64 1.01 3.66 7,532 5,366 62.48 15.89
141 Andover Bancorp (ANDC) Andover, OH 399,525 63.38 25.50 9.69 9.10 0.94 3.75 3,780 3,187 66.94 21.05
142 Mission Bancorp (MSBC) Bakersfield, CA 558,782 62.26 39.50 9.66 11.20 1.00 3.65 5,053 4,542 59.60 11.95
143 First Community Financial (FMFP) Mifflintown, PA 477,802 46.75 33.10 9.65 8.62 0.85 3.47 4,016 2,434 65.66 18.27
144 Ames National Corp. (ATLO) Ames, IA 1,366,453 269.09 28.90 9.64 9.38 1.18 3.36 15,735 7,664 48.99 17.24
145 SB Financial Group (SBFG) Defiance, OH 816,005 81.66 16.76 9.61 10.39 1.11 3.75 8,784 17,627 68.63 11.35
146 National Bank of Indianapolis Indianapolis, IN 1,991,693 NA NA 9.57 9.48 0.62 2.91 11,916 17,698 71.56 11.83
147 Southwest Georgia Financial (SGB) Moultrie, GA 448,464 57.57 22.60 9.55 10.51 0.94 4.14 4,034 4,290 74.15 14.04
148 American Business Bank (AMBZ) Los Angeles, CA 1,843,140 272.30 40.25 9.52 8.94 0.72 2.93 12,717 1,701 67.37 16.38
149 Allegheny Bancshares Franklin, WV 276,349 NA NA 9.49 9.25 1.19 4.65 3,263 2,259 58.97 17.44
150 Solvay Bank Corp. (SOBS) Solvay, NY 857,214 80.42 38.35 9.44 9.57 0.83 2.71 6,971 5,026 63.85 16.80
151 Farmers Bankshares (FBVA) Windsor, VA 423,561 61.14 20.00 9.44 9.77 1.01 3.82 4,187 2,531 69.97 16.53
152 Fidelity D & D Bancorp (FDBC) Dunmore, PA 792,944 101.30 41.05 9.44 9.64 1.02 3.72 7,693 7,996 62.61 14.90
153 ACNB Corp. (ACNB) Gettysburg, PA 1,206,320 173.13 28.55 9.42 9.17 0.93 3.45 10,869 12,733 67.99 15.97
154 Citizens First Corp. (CZFC) Bowling Green, KY 455,422 36.92 18.45 9.42 10.20 0.96 3.80 4,217 3,146 68.46 12.53
155 National Bankshares (NKSH) Blacksburg, VA 1,233,942 262.32 37.70 9.41 8.30 1.24 3.51 14,942 9,700 50.95 26.58
156 Woodlands Financial Services (WDFN) Williamsport, PA 391,317 41.93 27.25 9.40 9.44 0.88 3.40 3,354 3,413 69.63 13.33
157 Howard Bancorp (HBMD) Ellicott City, MD 1,026,957 168.51 17.26 9.40 6.15 0.55 3.73 5,303 14,238 77.54 10.83
158 Sunwest Bank Irvine, CA 999,823 NA NA 9.37 11.24 1.35 5.25 13,307 3,427 52.51 13.58
159 Exchange Bankshares (EXCH) Milledgeville, GA 237,647 22.73 35.00 9.36 8.66 1.13 4.18 2,598 1,892 64.45 21.20
160 FNB Bancorp (FNBG) South San Francisco, CA 1,219,394 177.15 36.50 9.35 9.56 0.90 3.95 10,501 4,157 64.09 12.08
161 MutualFirst Financial (MFSF) Muncie, IN 1,553,133 227.67 31.00 9.32 9.40 0.87 3.27 13,241 17,427 70.49 13.17
162 Hawthorn Bancshares (HWBK) Jefferson City, MO 1,287,048 128.16 22.65 9.28 7.99 0.58 3.51 7,282 8,315 74.11 13.72
163 Minden Bancorp (MDNB) Minden, LA 331,361 54.66 23.00 9.27 9.66 1.54 3.64 4,881 926 37.49 27.97
164 BayCom Corp. (BCML) Walnut Creek, CA 675,299 88.68 16.20 9.24 7.91 0.92 4.20 5,912 1,359 58.76 13.86
165 First Capital (FCAP) Corydon, IN 743,658 108.47 32.50 9.23 8.92 0.94 3.50 6,877 5,993 63.48 14.98
166 First Bancshares (FIBH) Bellevue, OH 202,179 19.07 33.49 9.22 11.50 0.96 4.24 1,852 1,116 74.49 10.40
167 Codorus Valley Bancorp (CVLY) York, PA 1,611,587 218.20 25.88 9.21 8.47 0.88 3.89 13,102 9,836 64.33 13.81
168 Lighthouse Bank (LGHT) Santa Cruz, CA 218,069 42.53 17.65 9.20 8.69 1.28 4.89 2,533 277 51.94 16.11
169 F&M Bancorp (FMOO) Miamisburg, OH 136,219 18.69 59.05 9.15 10.56 1.08 4.43 1,359 652 63.51 16.46
170 Oak Ridge Financial Services (BKOR) Oak Ridge, NC 387,809 30.67 12.85 9.14 9.22 0.70 3.84 2,629 2,681 79.24 13.61
171 OP Bancorp (OPBK) Los Angeles, CA 759,658 93.50 7.25 9.14 9.69 1.08 4.34 7,427 9,007 62.50 13.39
172 Evans Bancorp (EVBN) Hamburg, NY 1,100,709 184.53 38.85 9.14 8.74 0.80 3.62 8,272 11,252 75.76 12.07
173 Killbuck Bancshares (KLIB) Killbuck, OH 500,047 76.08 128.00 9.14 9.72 1.04 3.24 5,128 2,519 57.83 15.98
174 Eagle Financial Services (EFSI) Berryville, VA 700,149 98.84 28.50 9.13 7.98 0.96 4.04 6,370 6,571 70.23 16.01
175 Citizens B & T Holdings (CBTH) Guntersville, AL 414,180 21.30 15.50 9.12 8.37 0.80 4.12 3,131 2,616 69.28 12.76
176 1st Colonial Bancorp (FCOB) Cherry Hill, NJ 487,820 42.29 10.90 9.12 11.52 0.74 3.21 3,661 3,906 63.27 11.86
177 Jonestown Bank and Trust Co. (JNES) Jonestown, PA 504,228 49.64 21.40 9.10 10.04 0.91 3.37 4,470 3,120 64.68 12.91
178 County Bancorp (ICBK) Manitowoc, WI 1,242,670 203.25 30.86 9.10 8.83 0.98 3.35 10,694 8,715 47.41 13.59
179 Sound Financial Bancorp (SFBC) Seattle, WA 588,383 75.22 30.10 9.09 9.40 0.97 4.24 5,378 5,182 68.71 13.07
180 CBBC Bancorp (CBBC) West Sacramento, CA 304,434 41.59 16.75 9.08 10.18 1.13 4.17 3,038 798 55.12 13.20
181 Croghan Bancshares (CHBH) Fremont, OH 819,566 104.91 46.00 9.05 8.92 1.13 4.09 9,088 6,057 63.37 13.34
182 Pioneer Bankshares (PNBI) Stanley, VA 195,000 22.79 23.50 9.05 8.69 0.84 4.92 1,623 1,289 71.00 15.00
183 Kish Bancorp (KISB) Belleville, PA 725,071 67.09 54.00 9.02 8.54 0.64 3.31 4,617 6,322 81.57 12.68
184 Logansport Financial Corp. (LOGN) Logansport, IN 170,388 27.23 43.95 9.02 9.05 1.17 3.87 2,051 629 58.84 19.76
185 InsCorp (IBTN) Nashville, TN 393,417 48.03 17.00 9.00 8.31 0.86 3.41 2,928 3,627 63.11 12.15
186 Revere Bank (REVB) Laurel, MD 1,894,287 192.76 20.00 9.00 8.42 0.67 3.73 8,777 1,397 56.94 11.79
187 CB Financial Services (CBFV) Carmichaels, PA 846,075 118.35 28.95 8.99 8.48 0.91 3.82 7,580 7,194 63.97 14.99
188 Little Bank (LTLB) Kinston, NC 361,863 51.18 15.25 8.99 8.46 0.85 3.41 3,085 1,679 65.75 15.51
189 Farmers & Merchants Bancorp (FMAO) Archbold, OH 1,055,895 198.70 43.00 8.97 9.38 1.14 3.55 11,664 10,780 60.10 15.28
190 RBB Bancorp Los Angeles, CA 1,396,755 NA NA 8.96 11.09 1.37 4.31 19,079 9,673 42.08 19.16
191 Farmers Capital Bank Corp. (FFKT) Frankfort, KY 1,671,030 285.00 37.95 8.95 8.94 0.96 3.36 16,605 21,607 72.03 20.10
192 Peoples Bancorp of N.C. (PEBK) Newton, NC 1,087,991 154.65 28.50 8.94 8.11 0.85 3.94 9,177 13,183 74.32 16.12
193 IFB Holdings (IFBH) Chillicothe, MO 69,173 6.35 36.00 8.94 8.35 1.10 3.76 756 322 57.02 30.99
194 Kentucky Bancshares (KTYB) Paris, KY 1,028,447 108.52 36.50 8.91 9.07 0.86 3.62 8,569 12,149 76.30 13.90
195 Pinnacle Bancshares (PCLB) Jasper, AL 216,561 25.51 22.20 8.89 8.95 1.02 3.46 2,284 1,660 64.25 18.85
196 Bank of the James Financial (BOTJ) Lynchburg, VA 574,195 64.51 14.73 8.89 6.60 0.60 3.77 3,286 4,301 74.50 11.54
197 Surrey Bancorp (SRYB) Mount Airy, NC 277,102 40.97 11.95 8.87 8.96 1.36 4.54 3,597 2,528 58.75 19.70
198 First Keystone Corp. (FKYS) Berwick, PA 984,283 141.79 25.00 8.85 8.23 0.96 3.16 9,472 5,361 58.82 15.48
199 First Farmers and Merchants (FFMH) Columbia, TN 1,337,767 154.44 34.00 8.84 8.48 0.79 3.06 10,326 11,100 70.76 13.52
200 Citizens Holding Co. (CIZN) Philadelphia, MS 1,025,212 112.30 23.00 8.84 7.34 0.68 3.07 6,737 7,579 73.23 18.67
Median for the top 200 663,237 90.01 28.50 10.33 10.51 1.04 3.74 6,630 4,815 63.07 14.76
Median for all institutions 445,977 55.95 20.75 7.35 7.62 0.79 3.62 3,298 2,814 70.51 14.95
Average for the top 200 775,535 116.56 153.64 10.86 10.84 1.10 3.82 7,888 8,180 62.67 15.51
Average for all institutions 604,736 84.92 95.26 6.73 7.15 0.74 3.62 4,883 5,248 71.91 16.64

Notes: Ranking is of bank holding companies, banks, and thrifts that had total assets of less than $2 billion as of Dec. 31, 2016, and that are publicly traded or report financials to the SEC. Ranking is based on three-year average ROAE for 2014 to 2016. Additional data shown is for the 12 months ended Dec. 31, 2016. Financials are sourced from SEC filings. If unavailable, regulatory financials were used. Excludes institutions that failed to 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% in any quarter. Excludes industrial banks 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 2014, 2015 or 2016. Using the preceding criteria, 669 institutions qualified for the ranking. All data as of March 22, including closing prices.

* Denotes institutions that were acquired or merged between Jan. 1, 2017, and March 21, 2017.

Source:

Capital Performance Group
analysis of data provided by SNL Financial.

© 2017 American Banker Magazine