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Bank and Thrift Merger Deals Announced in Second Quarter of 2002

July 03, 2002, 10:08 a.m. EDT 1 Min Read
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Bank and Thrift Merger Deals Announced in Second Quarter of 2002

Top 150 Community Banks* Ranked by Return on Average Assets
In the first quarter of 2002. Dollars in thousands
Published June 27, 2002
Related Table: Community Banks Ranked by Average Assets
   

Return on average assets

 

 

 

Rank

 

First
quarter

Year
earlier

Total
assets

Return on
average equity

Efficiency
ratio  
1 Pitney Bowes Bank Salt Lake City 13.13% 15.54% $403,298 89.90% 1.52%
2 Carver State Bank Savannah, Ga. 9.05 0.18 22,752 118.3 48.22
3 First Farmers and Merchants State Bank Grand Meadow, Minn. 6.56 5.55 23,111 42.87 48.14
4 Volkswagen Bank USA Salt Lake City 5.72 NA 423,632 20.94 15.9
5 Pulaski Bank and Trust Co. Little Rock 5.37 1.1 333,721 72.58 55.13
6 Horizon National Bank Leawood, Kan. 5.13 3.09 111,330 49.24 73.99
7 Farmers State Bank Silver Creek, Neb. 5.11 1.17 14,256 60.15 32.03
8 First Utah Bank Salt Lake City 5.08 0.23 97,323 80.72 38.88
9 Broadway Bank Chicago 5.03 3.39 352,971 52.53 21.11
10 Bank of St. Edward Neb. 4.98 4.83 31,615 21.98 16.28
11 First National Bank of Lucedale Miss. 4.93 -0.38 88,674 293.2 89.32
12 First National Bank of Nevada Laughlin 4.59 -0.77 239,641 56.22 50.34
13 First National Bank of Williamson W.Va. 4.43 1.47 76,026 25.97 51.46
14 Security Bank of Southwest Missouri Cassville 4.41 4.1 50,090 42.15 36.58
15 Moorhead State Bank Iowa 4.38 2.45 12,188 33.33 25.18
16 Chambers State Bank Neb. 4.18 3.53 25,171 15.84 27.25
17 Spencer State Bank Okla. 3.98 2.45 31,123 34.63 58.36
18 Wayne Bank and Trust Co. Cambridge City, Ind. 3.95 2.1 98,620 32.18 35.77
19 Republic Bank West Bountiful, Utah 3.94 1.74 139,917 35.68 14.96
20 Murphy Bank Fresno, Calif. 3.92 1.25 80,687 36.46 37.06
21 First National Bank of Arizona Scottsdale 3.78 -1.53 389,120 53.67 72.43
22 Crescent Bank and Trust Co. New Orleans 3.71 3.68 254,101 28.42 51.99
23 State Bank of Wiley Colo. 3.69 4.34 62,918 14.57 22.32
  Peoples National Bank Paris, Tex. 3.69 3.25 100,435 36.33 87.77
25 Vermillion State Bank Minn. 3.6 2.95 230,141 36.34 27.73
26 Heritage Bank of Schaumburg Ill. 3.58 1.96 95,054 45.41 54.42
27 Stanton National Bank Neb. 3.53 0.21 26,276 39.02 69.02
28 Yellowstone Bank Laurel, Mont. 3.51 2.86 239,228 21.22 32.87
29 First National Bank of Olney Tex. 3.5 3.35 37,848 32.46 38.61
30 City Bank Lynnwood, Wash. 3.44 3.56 596,519 15.56 46.9
31 Golden Security Bank Alhambra, Calif. 3.43 2.26 106,651 38.17 34.59
32 Citizens State Bank of Clara City Minn. 3.42 2.06 118,659 39.93 50.41
33 State Bank of Downs Kan. 3.41 4.56 61,919 27.08 30.01
  First Bank of Okarche Okla. 3.41 2.91 43,912 20.63 31.97
35 Bank of Anguilla Miss. 3.38 2.24 70,658 24.69 40.39
  State Bank of Chester Neb. 3.38 0.66 16,966 33.56 56.06
37 Bank of Alma Wis. 3.36 2.81 125,985 15.84 9.99
38 Peotone Bank and Trust Co. Ill. 3.34 2.52 94,522 43.12 47.4
39 American National Bank of Rock Springs Wyo. 3.32 2.68 47,640 25.46 43.88
40 First Coleman National Bank Tex. 3.31 4.11 53,370 30.85 42.61
41 BMW Bank of North America Salt Lake City 3.3 4.43 889,654 32.85 23.99
  First National Bank Fort Pierre, S.D. 3.3 0.53 210,854 28.53 57.59
43 University National Bank Lawrence Kan. 3.28 3.37 80,160 31.35 43.04
  State Bank of McGregor Minn. 3.28 3.43 37,609 34.25 39.06
  State Bank of Wheaton Minn. 3.28 1.86 62,144 15.83 36.15
  Bank of Okolona Miss. 3.28 2.44 58,234 21.75 36.48
47 First Bank and Trust Co. Broken Bow, Okla. 3.26 3.65 76,819 34.36 44.81
48 Bank of Commerce Chouteau, Okla. 3.25 2.72 33,828 35.99 47.17
49 Wabasha County Bank Minn. 3.24 2.94 18,205 20.97 28.09
50 Affinity Bank Ventura, Calif. 3.23 1.57 593,248 49.17 37.19
  Mason National Bank Tex. 3.23 3.81 56,194 26 40.22
52 Adams State Bank Neb. 3.21 3.58 25,367 14.55 37.22
  Pueblo Bank and Trust Co. Colo. 3.21 1.91 337,903 34.85 53.31
54 Bank of Bonifay Fla. 3.2 1.31 86,272 30.63 44.61
55 Richland State Bank Bruce, S.D. 3.17 3.13 31,328 23.85 56.74
56 First National Bank of Berryville Ark. 3.16 1.66 123,653 22.06 50.86
57 Bank of San Jacinto County Coldspring, Tex. 3.13 2.02 25,909 28.65 59.85
58 Corner Stone Bank Southwest City, Mo. 3.12 2.3 92,735 22.35 50.71
59 First Community Bank Savage, Minn. 3.11 2.2 68,161 38.14 37.5
60 Peoples Bank Westville, Okla. 3.1 3.13 38,619 22.37 50.73
61 Justin State Bank Tex. 3.09 3.46 48,005 28.1 46.33
  Falcon International Bank Laredo, Tex. 3.09 1.44 228,109 43.17 52.14
63 Port Richmond Savings Philadelphia 3.08 2.64 40,312 24.05 38.04
64 Senath State Bank Mo. 3.05 1.8 39,383 20.65 45.97
65 Finance and Thrift Co. Porterville, Calif. 3.04 2.97 104,017 17.87 56.96
  State Bank of Kimball Minn. 3.04 1.99 44,590 39.19 41.53
  Charter Bank Corpus Christi, Tex. 3.04 2.63 83,150 45.49 58.62
68 River City Bank Louisville, Ky. 3.03 2.62 201,615 30.05 32.54
69 First Bank Upper Michigan Gladstone 3.02 2.51 119,548 31.41 46.89
70 Peoples State Bank Cherryvale, Kan. 3.01 2.95 14,380 21.82 48.65
71 Cottonwood Valley Bank Cedar Point, Kan. 2.96 2.69 19,644 24.04 41.98
  Security State Bank Wellington, Kan. 2.96 7.12 40,079 20.02 47.71
  Security Bank Madison, S.D. 2.96 3.25 137,013 39.49 53.41
  State Bank of Lincoln Ill. 2.96 2.31 162,758 23.52 44.09
75 First National Bank of Picayune Miss. 2.95 2.57 129,422 34.18 49.79
  Inwood National Bank of Dallas Tex. 2.95% 2.85% $610,488 29.62% 47.68%
77 Home Bank of California San Diego 2.94 3.67 126,863 36.32 33.66
  Citizens Bank and Trust Co. Jackson, Ky. 2.94 1.1 103,552 25.39 64.97
  First National Bank of Fairfax Minn. 2.94 2.71 25,541 10.65 35.52
80 Valley Bank Moreno Valley, Calif. 2.93 1.21 76,882 67.15 88.92
  Farmers and Merchants Bank Dublin, Ga. 2.93 2.72 358,099 17.61 36.06
  Solon State Bank Iowa 2.93 2.69 66,128 19.42 38.19
  Farmers State Bank of Darwin Minn. 2.93 2.79 19,906 27.72 47.84
  First National Bank of Albany Tex. 2.93 2.68 187,860 23.27 39.19
85 First State Bank Eldorado, Ill. 2.92 1.17 84,274 30.41 61.74
86 Farmers Bank and Trust Co. NA Great Bend, Kan. 2.91 2.34 294,442 26.51 33.81
87 First Citizens Bank of Butte Mont. 2.9 2.74 55,473 30.98 45.28
88 First State Bank Scottsbluff, Neb. 2.89 3.08 172,826 34.52 37.22
89 Byron Bank Ill. 2.87 1.86 100,665 33.27 43.01
  First National Bank of Holdrege Neb. 2.87 7.56 117,756 15.38 47.84
  Builders Bank Chicago 2.87 3.78 536,246 31.01 25.42
92 International Bank of Amherst Wis. 2.86 2.38 33,400 23.09 43.55
93 Central State Bank State Center, Iowa 2.85 3.03 46,423 14.57 30.7
  Bank of Bloomsdale Mo. 2.85 2.31 126,694 33.01 35.32
95 Union National Bank and Trust Co. of Elgin Ill. 2.84 2.87 132,779 29.21 35.23
  Bank NA McAlester, Okla. 2.84 2 279,046 30.19 51.21
97 Citizens Bank and Trust Co. of Vivian La. 2.83 2.09 61,261 32.28 61.41
  First State Bank Valliant, Okla. 2.83 1.23 32,763 19.22 54.97
  First Commerce Bank Corpus Christi, Tex. 2.83 1.54 117,523 23.31 69.15
  Iowa State Bank Des Moines 2.83 2.77 213,158 30.84 46.35
101 First National Banking and Trust Co. of Okmulgee Okla. 2.82 2.57 112,559 23.16 53.5
  State Bank of Countryside Ill. 2.82 2.03 634,530 30.8 32.43
103 Commerce Bank Aurora, Colo. 2.81 3.73 93,210 30.07 57.3
  Wood County National Bank Wisconsin Rapids, Wis. 2.81 2.61 220,448 18.11 40.93
105 Gateway Business Bank Lakewood, Calif. 2.8 -2.17 128,692 18.17 81.96
  Gunnison Valley Bank Utah 2.8 2.33 46,334 27.6 39.46
107 Elysian Bank Minn. 2.79 1.79 30,425 29.09 34.53
  Community First Bank Boscobel, Wis. 2.79 1.39 133,468 33.14 56.46
109 Gilmore Bank Los Angeles 2.77 1.69 82,798 15.41 46.96
  Citizens State Bank of Cheney Kan. 2.77 2.71 35,982 24.61 48.27
  First Country Bank Urich, Mo. 2.77 0.85 26,558 35.26 63.87
112 Peak National Bank Nederland, Colo. 2.76 3.16 177,147 38.02 56.77
113 Adrian Bank Mo. 2.75 3.32 61,886 33.48 43.83
114 Farmers and Merchants State Bank Pierz, Minn. 2.74 2.46 131,591 31.18 32.15
  Bank Northwest Hamilton, Mo. 2.74 2.33 54,393 37.76 45.81
116 Wright Express Financial Services Corp Salt Lake City 2.73 3.61 219,513 13.81 75.98
117 South Coast Trust and Loan Association Irvine, Calif. 2.72 1.31 128,091 25.79 47.52
  Merchants and Farmers Bank Comer, Ga. 2.72 2.88 99,971 17.48 53.25
  Community National Bank North Branch, Minn. 2.72 1.21 86,019 35.56 53.53
120 Community National Bank Okarche, Okla. 2.71 -0.88 39,258 22.64 49.08
  Homestar Bank Manteno, Ill. 2.71 2.57 312,733 33.53 49.39
  Bank of Mauston Wis. 2.71 2.05 168,968 27.01 45.86
123 Bank of Buffalo Ky. 2.7 2.45 44,502 25.35 32.25
124 First Security Bank Lake Benton Minn. 2.69 2.17 12,668 27.12 60.87
  Mercantile Bank Louisiana, Mo. 2.69 0.58 107,809 11.71 40.54
  Farmers State Bank Stanberry Mo. 2.69 2.17 43,425 14.24 43.54
  Hamlin National Bank Tex. 2.69 2.75 73,842 17.15 45.92
128 Hawkeye State Bank Iowa City 2.68 2.25 147,374 18.14 28.23
  Bank of Rantoul Ill. 2.68 1.79 148,184 28.99 38.37
  Cumberland Security Bank Somerset, Ky. 2.68 1.87 126,245 33.27 51.18
  Bank of Baker Mont. 2.68 3.29 40,383 26.9 42.27
132 Phoenix Savings Bank Lynnwood, Wash. 2.67 1.74 77,341 19 80.57
  Omaha State Bank 2.67 1.43 197,561 32.47 47.41
134 Corydon State Bank Iowa 2.66 1.61 35,625 24.33 34.73
135 National Republic Bank of Chicago 2.65 3.49 316,102 35.12 31.7
  First Bank of Chandler Okla. 2.65 2.19 53,110 28.03 40.6
  Citizens National Bank at Brownwood Tex. 2.65 2.95 123,370 21.46 47.72
138 International Bank of Chicago 2.64 2.05 93,240 33.93 48.59
  First State Bank of Wabasha Minn. 2.64 1.43 84,816 27.36 39.33
  First State Bank Shelton, Neb. 2.64 3.7 32,681 23.61 44.72
  Bank of Las Vegas 2.64 2.06 130,555 46.57 61.14
  Bank of the Wichitas Snyder, Okla. 2.64 2.87 46,809 22.7 54.65
  First Bank and Trust Co. Wagoner, Okla. 2.64 2.17 115,638 26.58 38.44
  First National Bank of Burleson Tex. 2.64 2.98 101,363 32.41 51.07
  Abrams Centre National Bank Dallas 2.64 3 93,437 19.25 39.46
  American Investment Financial Midvale, Utah 2.64 0.63 137,737 19.09 30.95
  Jackson State Bank and Trust Wyo. 2.64 1.32 467,439 37.82 44.48
  Heritage Bank NA Doniphan, Neb. 2.64 3.37 4,705 5.85 59.69
149 Lamar Bank and Trust Co. Mo. 2.63 1.99 99,310 28.15 43.61
  First Bank Burkburnett, Tex. 2.63 1.53 123,431 36.3 49.28

*Independent banks with less than $1 billion of assets or whose holding companies have less than $1 billion of assets. Excluded are banks at which loans constituted less than half of assets and whose credit card loans exceeded 25% of gross loans.
Source: Thomson Financial Sheshunoff Information Services (www.sheshunoff.com)
©2002 American Banker

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