No participation trophies here: Our 2019 ranking of midtier banks

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Midsize banks are more profitable overall than both their smaller and larger counterparts, and the strategy that some of the best performers in this group use to stand out is specialization.

The $4.1 billion-asset Bessemer Group in Woodbridge, N.J., which landed atop our ranking for institutions with assets of $2 billion to $10 billion, focuses on wealth management. Its Bessemer Trust unit has only two branches.

By contrast, the $6 billion-asset Woodforest Financial Group in The Woodlands, Texas, operates hundreds of branches — in its case inside Walmart stores. It generates returns on average equity high enough to put it in eighth place.

Kevin Halsey, a consultant at Capital Performance Group who compiles our annual rankings, said the lesson others should take away from top performers like these is to stop trying to appeal to everyone like the biggest banks do.

He advises finding a thing to focus on and doing that thing better than competitors. "Determining how they add competitive value is one of the biggest questions that midtier banks should be asking themselves," Halsey said.

Banks in general posted excellent returns in 2018, and the midtiers shined the most. The top 20 in this group posted a remarkable 16.14% median return on average equity, up 177 basis points from the previous year. The median for all 234 institutions that fit the ranking criteria was 10.44%, up 205 basis points.

(Click on “view table” at the end of this article to see the ranking for this year and click on the links below to go to midtier rankings from past years.)

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Though banks in the other size categories improved as well, only the group with assets of $10 billion to $50 billion also managed to post a median ROAE that hit double digits (10.22%).

But at least one metric is an area of concern for midsize banks, just as it was last year. Their deposit growth isn't keeping pace with loan growth. The ratio of net loans to total deposits rose 33 basis points from a year earlier, to 93.55%.

Almost a third of all midsize banks had a loan-to-deposit ratio of at least 100%. Without a steady source of cheap deposits to fund loan demand, profits may suffer, Halsey said.

Nonetheless, many of the top-performing midtiers have developed successful niche strategies.

For the $2.8 billion-asset Union Savings Bank in Cincinnati — which ranked No. 10 — its long-established residential mortgage business is a differentiator. About 67% of its loan portfolio consists of single-family mortgages.

Bessemer, Woodforest and Union Savings show it's possible to do well without having the size and scope of a large regional, Halsey said. "Those are three different business models. They have a clear strategy, they know what they're good at and they do it well."

Click on "view table" below to see the latest ranking.

For American Banker subscribers only: If you have a paid subscription to American Banker, you can request an Excel chart of this ranking that includes additional data and analysis by Capital Performance Group, for a limited time only. To receive a reply, the request for this subscriber bonus must be received by bonnie.mcgeer@sourcemedia.com no later than June 14. The request must be sent from the email address tied to the subscription and include the name of the subscriber and the name of the institution in the body of the email. Please put “midtier bank ranking request” in the subject line. Subscriptions will be verified and replies will follow after June 14.

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No participation trophies here: Our 2019 ranking of midtier banks
Rank Institution/Ticker Location Total Assets ($000) 3-Year Avg. ROAE (%) ROAE (%) ROAA (%) Net Income ($000) Net Interest Margin FTE (%) Efficiency Ratio FTE (%) Net Loan Growth YOY (%) Net Loans/Deposits (%) Revenue Growth YOY (%)
1 Bessemer Group* Woodbridge, NJ 4,064,845 21.89 27.50 3.49 127,415 1.44 76.12 9.61 24.56 2.92
2 Sterling Bancorp (SBT) Southfield, MI 3,196,774 20.99 20.66 2.04 63,468 3.94 35.10 7.02 118.12 24.91
3 ServisFirst Bancshares (SFBS) Birmingham, AL 8,007,382 17.99 20.96 1.88 136,940 3.75 32.16 11.54 93.48 15.20
4 INTRUST Financial Corp. * Wichita, KS 5,219,500 17.82 23.66 1.15 71,418 3.13 65.28 12.96 79.47 10.17
5 Independence Bank of Ky.* Owensboro, KY 2,358,895 16.46 15.68 1.17 29,310 3.43 60.05 6.52 71.13 (2.83)
6 KS StateBank* Manhattan, KS 2,029,298 16.09 15.50 1.42 28,529 3.27 50.44 10.99 87.68 (1.06)
7 Alpine Banks of Colorado (ALPI.B) Glenwood Springs, CO 3,744,403 16.04 19.85 1.53 54,693 4.20 63.29 7.24 72.68 12.93
8 Woodforest Financial Group* The Woodlands, TX 5,952,532 15.84 19.59 1.56 113,234 4.07 79.56 19.08 85.73 12.43
9 Stearns Financial Services Saint Cloud, MN 2,217,882 15.62 13.91 2.41 49,924 6.58 48.87 3.38 117.38 (6.18)
10 Union Savings Bank* Cincinnati, OH 2,750,944 15.20 14.41 1.57 55,075 3.02 52.01 (0.40) 93.18 (5.98)
11 Hingham Institution for Savings (HIFS) Hingham, MA 2,408,587 15.10 14.97 1.32 30,399 2.90 29.94 9.56 127.72 2.98
12 Preferred Bank (PFBC) Los Angeles, CA 4,216,435 14.93 18.22 1.84 70,993 4.08 32.82 13.46 90.67 19.15
13 State Bankshares Fargo, ND 5,522,113 14.83 13.60 1.32 66,426 3.97 74.57 14.76 108.75 13.82
14 Olney Bancshares of Texas* Olney, TX 3,564,274 14.69 17.62 2.01 91,692 4.19 39.63 (2.41) 95.81 7.90
15 Fremont Bancorp.* Fremont, CA 3,952,709 14.45 13.94 0.98 46,498 3.93 75.10 1.44 87.05 3.87
16 Inwood Bancshares* Dallas, TX 2,824,890 14.21 15.78 1.55 51,990 3.39 44.48 5.74 71.91 7.94
17 ANB Corp. Terrell, TX 3,160,365 14.00 19.59 1.50 46,540 3.95 56.32 4.96 66.86 22.60
18 Choice Financial* Fargo, ND 2,142,520 13.94 13.15 1.46 24,410 4.28 53.37 72.23 95.85 24.25
19 Lakeland Financial (LKFN) Warsaw, IN 4,875,254 13.92 16.51 1.69 80,411 3.43 44.56 2.49 95.66 11.26
20 First Financial Bankshares (FFIN) Abilene, TX 7,731,854 13.79 15.37 1.98 150,638 3.96 48.68 13.66 63.49 14.64
21 Stock Yards Bancorp (SYBT) Louisville, KY 3,302,924 13.70 16.00 1.76 55,517 3.83 55.68 5.72 90.34 7.92
22 Northern Bank & Trust Woburn, MA 2,162,309 13.65 14.65 1.51 31,117 4.35 44.23 4.40 105.42 8.36
23 First Bancshares Merrillville, IN 4,431,257 13.58 16.37 1.37 56,446 3.79 56.16 12.97 106.16 14.90
24 Stockman Financial Corp.* Miles City, MT 3,663,699 13.44 15.30 1.55 69,125 3.94 52.73 5.96 95.26 8.81
25 West Bank West Des Moines, IA 2,295,160 13.38 13.96 1.39 30,282 3.14 46.81 14.13 89.82 3.00
26 Citizens First Bank The Villages, FL 2,255,175 13.32 13.66 1.42 29,932 3.03 44.28 25.15 42.05 10.56
27 Cambridge Trust Co. Cambridge, MA 2,101,384 13.23 15.78 1.21 23,965 3.35 65.70 15.53 84.98 9.95
28 Washington Trust Bancorp (WASH) Westerly, RI 5,010,766 13.15 16.24 1.46 68,432 3.01 53.12 8.88 104.26 5.46
29 Exchange Bank (EXSR) Santa Rosa, CA 2,653,960 13.15 17.90 1.47 38,511 3.61 56.53 1.17 61.96 13.47
30 Canandaigua National Corp. (CNND) Canandaigua, NY 2,862,493 13.08 16.40 1.30 35,917 3.58 63.24 7.80 102.93 11.27
31 FB Financial Corp.* (FBK) Nashville, TN 5,136,764 12.84 12.76 1.66 80,236 4.66 64.21 6.77 93.90 14.00
32 Eagle Bancorp (EGBN) Bethesda, MD 8,389,137 12.74 14.89 1.91 152,276 4.12 36.90 8.93 99.52 8.87
33 People's Intermountain Bank American Fork, UT 2,183,774 12.69 15.35 1.90 41,309 5.21 49.21 2.71 88.49 27.14
34 Arrow Financial Corp. (AROW) Glens Falls, NY 2,988,334 12.63 13.96 1.27 36,279 3.14 56.50 12.62 92.77 6.66
35 North American Savings Bank Grandview, MO 2,185,032 12.61 13.13 1.54 30,648 4.12 62.13 18.51 118.09 (6.76)
36 Enterprise Financial Services (EFSC) Clayton, MO 5,645,662 12.55 15.46 1.64 89,217 3.82 49.48 6.14 93.87 8.81
37 Landrum Co. Columbia, MO 3,132,938 12.48 12.01 0.86 25,652 3.27 67.58 15.99 68.99 0.85
38 Park National Corp. (PRK) Newark, OH 7,804,308 12.30 14.08 1.45 110,387 3.84 60.33 5.98 90.09 9.91
39 City Holding Co. (CHCO) Cross Lanes, WV 4,899,012 12.24 13.62 1.63 70,002 3.52 49.75 14.90 89.84 7.81
40 BancFirst Corp. (BANF) Oklahoma City, OK 7,574,258 12.15 14.59 1.66 125,814 3.70 55.99 5.48 74.68 13.04
41 LegacyTexas Financial Group (LTXB) Plano, TX 9,051,142 12.12 15.22 1.73 154,189 3.89 44.83 (0.50) 112.80 6.17
42 ANB Bank* Denver, CO 2,567,131 12.00 14.20 1.09 34,879 3.70 63.32 10.92 72.24 4.68
43 First State Bancshares Farmington, MO 2,470,741 12.00 12.34 1.35 32,110 3.82 64.52 6.74 91.22 10.67
44 Durant Bancorp* Durant, OK 7,038,868 11.91 13.59 1.11 91,053 4.04 65.70 9.39 86.07 13.68
45 Great Southern Bancorp (GSBC) Springfield, MO 4,676,200 11.90 13.46 1.49 67,109 3.99 55.05 6.86 107.13 5.92
46 Southern Missouri Bancorp (SMBC) Poplar Bluff, MO 2,206,279 11.88 12.50 1.31 25,151 3.77 54.80 23.99 100.30 17.80
47 Farmers & Merchants Bancorp (FMCB) Lodi, CA 3,434,243 11.87 14.80 1.45 45,527 4.25 50.87 16.21 82.15 14.50
48 Royal Business Bank Los Angeles, CA 2,970,076 11.85 13.13 1.94 39,198 4.33 40.86 77.79 116.52 22.67
49 Hometown Community Bancorp* Morton, IL 3,817,478 11.63 13.16 1.21 54,192 2.94 53.50 7.67 90.70 18.63
50 Farmers National Bank Canfield, OH 2,309,148 11.55 13.78 1.42 31,551 3.84 55.81 10.12 95.48 6.17
51 German American Bancorp (GABC) Jasper, IN 3,929,090 11.54 12.07 1.38 46,529 3.75 56.75 27.38 88.41 15.01
52 WSFS Financial Corp. (WSFS) Wilmington, DE 7,248,870 11.53 17.63 1.92 134,743 4.07 60.13 1.70 86.68 11.70
53 Texas Bank and Trust Co. Longview, TX 2,528,019 11.46 13.50 1.50 37,039 3.85 53.66 5.86 93.64 10.63
54 Tompkins Financial Corp. (TMP) Ithaca, NY 6,758,436 11.31 13.95 1.23 82,435 3.37 61.26 3.48 97.99 5.87
55 United Community Bank* Chatham, IL 2,077,491 11.21 9.64 0.93 18,856 3.30 61.82 15.33 71.73 15.56
56 Old Second National Bank Aurora, IL 2,661,311 11.20 14.43 1.63 41,261 4.13 55.61 17.25 88.49 17.07
57 Institution for Savings Newburyport, MA 3,470,490 11.20 11.59 1.15 38,958 2.01 63.54 8.35 95.81 7.20
58 Franklin Financial Network (FSB) Franklin, TN 4,249,439 11.14 10.23 0.84 34,521 2.71 56.17 18.05 77.31 8.42
59 American National Corp.* Omaha, NE 3,718,477 11.13 13.25 1.20 52,638 3.69 54.85 2.85 97.52 3.41
60 National Bank of Indianapolis Indianapolis, IN 2,154,490 11.12 13.58 1.09 22,591 3.52 67.21 2.23 77.08 12.41
61 W.T.B. Financial Corp. (WTBF.B) Spokane, WA 6,552,350 11.10 14.94 1.30 83,056 3.77 62.57 2.90 70.17 12.28
62 Luther Burbank Corp.* (LBC) Santa Rosa, CA 6,937,212 11.07 7.91 0.70 45,060 1.98 48.51 21.65 121.90 9.13
63 CNB Financial Corp. (CCNE) Clearfield, PA 3,221,521 11.04 13.46 1.12 33,719 3.72 61.63 15.42 94.04 13.66
64 Guaranty Bancorp Denver, CO 3,780,368 11.01 13.34 1.50 56,163 3.84 51.94 3.56 92.74 9.99
65 QCR Holdings (QCRH) Moline, IL 4,949,710 10.90 10.62 0.98 43,120 3.62 58.29 26.03 92.86 25.44
66 TrustCo Bank Corp (TRST) Glenville, NY 4,958,913 10.88 13.05 1.25 61,445 3.33 53.97 6.60 89.59 3.49
67 Century Bancorp (CNBK.A) Medford, MA 5,163,935 10.87 13.05 0.74 36,213 2.18 59.34 4.99 51.22 6.35
68 Fidelity Southern Corp. (LION) Atlanta, GA 4,733,796 10.85 10.43 0.92 43,823 3.38 76.50 (0.39) 97.79 6.42
69 First of Long Island Corp. (FLIC) Glen Head, NY 4,241,060 10.74 11.09 1.00 41,573 2.64 51.09 10.83 104.78 6.44
70 Farmers & Merchants Lincoln, NE 4,209,594 10.72 12.67 1.47 59,507 3.48 59.11 9.61 95.74 14.27
71 Meta Financial Group (CASH) Sioux Falls, SD 6,182,765 10.64 11.15 1.26 63,943 3.64 64.49 122.74 67.70 29.37
72 Hills Bancorp. (HBIA) Hills, IA 3,042,464 10.61 11.33 1.23 36,767 3.21 52.60 6.43 107.10 6.93
73 Wilson Bank Holding Co. (WBHC) Lebanon, TN 2,543,682 10.52 11.70 1.35 32,594 3.92 59.68 16.81 90.51 9.86
74 First Defiance Financial (FDEF) Defiance, OH 3,181,722 10.44 12.03 1.52 46,249 3.99 59.52 7.97 96.09 9.25
75 Independent Bank Corp. (INDB) Rockland, MA 8,851,592 10.43 12.31 1.46 121,622 3.91 54.80 8.71 92.21 12.37
76 Carolina Financial Corp. (CARO) Charleston, SC 3,790,748 10.40 9.43 1.37 49,670 4.10 51.73 7.83 92.96 52.98
77 Flushing Financial Corp. (FFIC) Uniondale, NY 6,834,176 10.37 10.30 0.85 55,090 2.70 63.36 7.25 111.49 (3.61)
78 First American Bank Corp.* Elk Grove Village, IL 5,338,360 10.37 10.55 0.69 34,612 2.64 72.67 19.03 45.59 14.97
79 Home Bank Lafayette, LA 2,150,164 10.33 11.46 1.47 31,765 4.68 57.86 (0.81) 91.75 34.52
80 Hanmi Financial Corp. (HAFC) Los Angeles, CA 5,502,219 10.31 10.07 1.08 57,868 3.57 56.57 6.97 96.43 (0.39)
81 Dime Community Bancshares (DCOM) Brooklyn, NY 6,320,578 10.26 8.44 0.82 51,288 2.41 55.69 (3.73) 123.33 (4.02)
82 Summit Community Bank Moorefield, WV 2,192,939 10.23 13.13 1.37 29,118 3.62 51.32 5.56 102.67 7.49
83 River City Bank (RCBC) Sacramento, CA 2,206,367 10.20 12.28 1.15 24,005 2.73 41.12 9.59 90.87 3.07
84 Westamerica Bancorp. (WABC) San Rafael, CA 5,568,526 10.20 11.35 1.27 71,564 2.98 49.99 (6.25) 24.37 6.64
85 Camden National Corp. (CAC) Camden, ME 4,297,435 10.13 12.92 1.28 53,071 3.16 57.32 8.66 86.76 3.33
86 Heritage Commerce Corp (HTBK) San Jose, CA 3,096,562 10.12 10.79 1.16 35,331 4.31 49.67 18.82 70.57 17.83
87 Community Trust Bancorp (CTBI) Pikeville, KY 4,201,616 10.11 10.83 1.41 59,228 3.66 56.75 2.83 96.04 3.31
88 Revere Bank (REVB) Rockville, MD 2,455,211 10.05 12.73 1.22 27,627 3.77 50.81 14.79 98.91 15.01
89 Enterprise Bancorp (EBTC) Lowell, MA 2,964,358 10.02 12.15 1.00 28,881 3.97 64.41 5.24 91.80 10.04
90 Southside Bancshares (SBSI) Tyler, TX 6,123,494 10.02 9.87 1.19 74,138 3.18 49.90 0.33 74.27 18.37
91 RCB Holding Co.* Claremore, OK 3,139,842 9.95 11.58 1.05 36,695 3.71 62.25 14.66 71.27 9.07
92 Nicolet Bankshares (NCBS) Green Bay, WI 3,096,535 9.95 11.10 1.39 41,353 4.04 58.19 3.59 82.42 11.35
93 Financial Institutions (FISI) Warsaw, NY 4,311,698 9.94 10.18 0.95 39,526 3.18 60.31 13.04 90.75 8.42
94 Home Savings Bank Youngstown, OH 2,801,504 9.92 13.03 1.30 35,722 3.39 58.31 8.82 100.31 5.71
95 First Merchants Corp. (FRME) Muncie, IN 9,884,716 9.88 11.84 1.64 159,139 4.00 50.23 6.96 92.19 19.78
96 Mercantile Bank Corp. (MBWM) Grand Rapids, MI 3,363,907 9.84 11.33 1.28 42,024 3.96 60.52 7.55 110.84 9.08
97 1st Source Corp. (SRCE) South Bend, IN 6,293,745 9.83 11.09 1.34 82,414 3.73 59.16 6.76 92.66 11.18
98 Independent Bank Corp. (IBCP) Grand Rapids, MI 3,353,281 9.81 12.38 1.27 39,839 3.88 65.41 29.88 90.75 20.16
99 Central Pacific Financial Corp. (CPF) Honolulu, HI 5,807,026 9.80 12.21 1.05 59,462 3.22 62.23 8.03 81.62 3.74
100 Peapack-Gladstone Financial (PGC) Bedminster, NJ 4,617,858 9.73 10.13 1.02 44,170 2.75 60.62 6.14 99.98 8.51
101 Mid Penn Bank Millersburg, PA 2,077,686 9.72 8.46 0.88 15,044 3.66 67.88 78.94 93.62 47.27
102 Alerus Financial Grand Forks, ND 2,176,480 9.70 12.66 1.42 30,322 4.01 71.06 9.54 95.50 4.20
103 NBT Bancorp Inc. (NBTB) Norwich, NY 9,556,363 9.64 11.49 1.20 112,566 3.58 60.19 4.71 92.59 7.24
104 Sandy Spring Bancorp (SASR) Olney, MD 8,243,272 9.55 9.84 1.27 100,864 3.61 51.07 52.87 110.58 46.16
105 S&T Bancorp (STBA) Indiana, PA 7,252,221 9.54 11.60 1.50 105,334 3.64 50.56 3.13 103.77 1.66
106 Civista Bancshares (CIVB) Sandusky, OH 2,138,954 9.53 6.50 0.81 14,139 4.15 63.33 34.32 98.09 19.41
107 Lakeland Bancorp (LBAI) Oak Ridge, NJ 5,806,093 9.53 10.59 1.15 63,401 3.36 55.88 7.34 95.66 5.04
108 Henderson Citizens Henderson, TX 2,313,086 9.52 11.29 0.91 20,765 3.80 70.22 29.17 65.81 29.02
109 First Bancorp (FBNC) Southern Pines, NC 5,864,116 9.50 12.27 1.57 89,289 4.12 55.67 4.98 90.83 25.86
110 First Busey Corp. (BUSE) Champaign, IL 7,702,357 9.48 10.36 1.28 98,928 3.45 54.47 (0.31) 88.71 15.48
111 Southern BancShares (N.C.) (SBNC) Mount Olive, NC 2,684,237 9.45 10.19 1.13 29,545 3.82 62.34 4.47 71.93 8.73
112 TriCo Bancshares (TCBK) Chico, CA 6,352,441 9.43 10.75 1.24 68,320 4.30 60.10 33.57 74.41 18.88
113 1867 Western Financial Corp. (WFCL) Stockton, CA 3,179,839 9.43 8.73 1.39 42,046 4.10 48.32 9.49 72.12 6.94
114 BSB Bancorp Belmont, MA 3,030,101 9.37 11.92 0.81 22,909 2.22 47.61 14.38 133.98 10.51
115 Parkway Bank and Trust Co. Harwood Heights, IL 2,704,723 9.31 12.68 1.37 34,746 3.08 45.29 7.83 97.27 9.20
116 Horizon Bancorp (HBNC) Michigan City, IN 4,246,688 9.29 11.22 1.31 53,117 3.64 59.04 6.19 95.45 16.87
117 Amarillo National Bancorp* Amarillo, TX 4,371,309 9.26 11.74 1.66 84,222 3.81 50.20 5.34 91.93 7.50
118 First Mid-Illinois Bancshares (FMBH) Mattoon, IL 3,839,734 9.25 9.59 1.13 36,600 3.80 54.28 36.41 87.61 19.60
119 Customers Bancorp (CUBI) Wyomissing, PA 9,833,425 9.21 7.61 0.69 71,695 2.58 63.66 (1.90) 119.08 (3.06)
120 Broadway Bancshares* San Antonio, TX 3,673,549 9.15 10.32 1.13 47,120 3.55 65.59 7.30 65.56 1.68
121 Bank of Marin Bancorp (BMRC) Novato, CA 2,520,892 9.15 10.73 1.31 32,622 3.95 56.16 5.10 80.38 21.01
122 Access National Corp. Reston, VA 3,039,160 9.10 8.16 1.21 35,384 3.63 61.58 9.85 96.33 6.59
123 Bryn Mawr Bank Corp. (BMTC) Bryn Mawr, PA 4,652,485 9.10 11.78 1.47 63,792 3.80 57.09 4.20 94.73 29.20
124 Triumph Bancorp (TBK) Dallas, TX 4,559,779 9.08 9.24 1.33 51,708 6.35 61.63 28.33 103.85 41.66
125 Bank of the Sierra Porterville, CA 2,522,387 9.04 10.78 1.30 31,576 4.29 59.18 11.16 81.41 18.70
126 Community Bancshares of Miss. Brandon, MS 3,249,930 8.98 10.96 0.77 24,648 3.62 72.73 3.39 75.71 5.02
127 First Financial Corp. (THFF) Terre Haute, IN 3,008,718 8.98 10.98 1.57 46,583 4.32 58.86 2.48 79.35 6.81
128 MutualBank Muncie, IN 2,044,013 8.90 9.72 0.95 19,117 3.48 68.80 26.79 97.59 25.60
129 Republic Bancorp (RBCA.A) Louisville, KY 5,240,404 8.87 11.67 1.52 77,852 4.62 56.64 3.44 119.36 12.20
130 State Bank Financial Corp. Atlanta, GA 4,851,506 8.86 10.57 1.40 69,423 4.85 63.97 (1.47) 85.06 13.53
131 Boston Private Financial (BPFH) Boston, MA 8,494,625 8.84 11.04 1.00 83,871 2.96 69.46 5.99 100.58 (3.31)
132 STAR Financial Bank Fort Wayne, IN 2,002,618 8.83 9.86 1.02 19,982 3.82 64.67 6.51 84.38 9.46
133 First National Bank Alaska (FBAK) Anchorage, AK 3,753,466 8.79 10.97 1.46 54,102 3.67 55.10 7.75 80.73 2.93
134 Burke & Herbert Bank & Trust (BHRB) Alexandria, VA 3,006,709 8.78 10.11 1.14 34,388 3.33 67.08 (0.09) 79.56 1.03
135 First Foundation Inc. (FFWM) Irvine, CA 5,840,412 8.72 9.09 0.81 42,958 2.99 63.35 25.86 105.50 25.72
136 Amboy Bancorp.* Old Bridge, NJ 2,317,856 8.63 7.47 0.99 28,399 3.63 64.59 (6.58) 87.66 (7.73)
137 First Commonwealth Financial (FCF) Indiana, PA 7,828,255 8.63 11.41 1.42 107,498 3.71 57.12 6.78 97.29 9.15
138 HomeStreet (HMST) Seattle, WA 7,042,221 8.62 5.40 0.57 40,027 3.23 86.60 5.96 107.34 (13.22)
139 Bar Harbor Bankshares (BHB) Bar Harbor, ME 3,608,487 8.62 9.22 0.93 32,937 2.87 60.73 0.12 99.72 (0.40)
140 Oritani Financial Corp. (ORIT) Township of Washington, NJ 4,090,073 8.57 9.70 1.30 53,754 2.73 33.87 (2.87) 119.98 (1.31)
141 Old Line Bancshares (OLBK) Bowie, MD 2,950,007 8.53 8.29 1.01 27,218 3.74 50.15 42.34 105.43 42.91
142 Dacotah Banks (DBIN) Aberdeen, SD 2,577,174 8.48 9.83 1.14 28,013 3.95 64.60 3.63 91.04 3.21
143 Peoples Bancorp Inc. (PEBO) Marietta, OH 3,991,454 8.41 9.48 1.19 46,255 3.72 61.67 15.94 91.83 12.14
144 Guaranty Bancshares (GNTY) Addison, TX 2,266,970 8.38 9.03 0.97 20,596 3.50 65.22 22.05 88.02 13.26
145 CBTX (CBTX) Houston, TX 3,279,096 8.38 10.18 1.50 47,289 4.35 57.93 5.90 87.60 14.52
146 Central Bancshares Lexington, KY 2,600,173 8.26 10.43 1.12 28,128 3.97 72.65 4.42 97.79 6.02
147 Peoples Security Bank and Trust Scranton, PA 2,285,486 8.22 9.46 1.12 25,022 3.59 59.34 7.67 95.95 2.73
148 Minnwest Corp. Minnetonka, MN 2,016,507 8.22 8.58 0.93 17,147 3.95 67.08 13.54 96.46 6.26
149 Fidelity Bank Wichita, KS 2,269,890 8.21 8.82 0.86 20,442 3.28 74.92 8.71 93.89 2.75
150 Brookline Bancorp (BRKL) Boston, MA 7,392,805 8.20 9.81 1.20 86,551 3.61 54.71 10.10 114.56 11.78
151 Happy Bancshares Canyon, TX 3,446,382 8.18 7.89 0.93 31,814 4.08 73.28 2.26 85.21 10.34
152 Territorial Savings Bank Honolulu, HI 2,069,202 8.17 9.20 0.98 19,891 3.05 58.35 5.75 94.84 1.13
153 United Financial Bancorp (UBNK) Hartford, CT 7,356,874 8.14 8.57 0.84 59,906 2.95 66.11 5.16 100.54 4.08
154 ConnectOne Bancorp (CNOB) Englewood Cliffs, NJ 5,462,092 8.13 10.29 1.17 60,352 3.28 41.80 8.20 110.12 7.82
155 Cambridge Financial Group Cambridge, MA 3,883,772 8.11 10.75 1.05 38,926 3.38 61.35 6.52 100.88 7.13
156 First Community Bankshares (FCBC) Bluefield, VA 2,244,374 8.07 10.64 1.56 36,340 4.46 54.87 (2.29) 94.67 5.28
157 Heritage Financial Corp. (HFWA) Olympia, WA 5,316,927 8.03 7.72 1.07 53,057 4.26 61.14 28.43 81.69 25.16
158 Independent Bank Group (IBTX) McKinney, TX 9,849,965 7.94 8.69 1.35 128,259 3.99 49.52 21.65 101.74 21.36
159 Salem Five Bancorp Salem, MA 5,012,263 7.92 9.58 0.98 47,092 3.03 60.27 7.30 101.62 7.45
160 Seacoast Banking Corp. of Fla. (SBCF) Stuart, FL 6,747,659 7.88 9.08 1.11 67,275 3.85 56.35 25.96 92.80 19.29
161 Farmers & Merchants Bank (FMBL) Long Beach, CA 7,308,236 7.86 8.62 1.19 85,636 3.45 56.74 9.44 75.43 2.61
162 Provident Financial Services (PFS) Iselin, NJ 9,725,769 7.78 8.93 1.22 118,387 3.37 53.13 (0.97) 105.34 6.98
163 Allegiance Bancshares (ABTX) Houston, TX 4,655,249 7.77 9.02 1.11 37,309 4.27 58.93 63.85 100.53 24.85
164 New York Private Bank & Trust New York, NY 5,806,579 7.72 9.64 1.57 94,194 4.35 71.49 (10.59) 85.82 (13.35)
165 Bridge Bancorp (BDGE) Bridgehampton, NY 4,700,744 7.71 8.66 0.87 39,227 3.30 55.85 5.64 83.48 7.61
166 Mutual of Omaha Bank Omaha, NE 8,516,051 7.69 9.41 1.01 83,567 3.66 66.54 (0.94) 91.55 23.51
167 Firstrust Savings Bank* Conshohocken, PA 3,458,196 7.68 11.46 1.23 49,712 4.24 68.60 5.11 103.86 7.25
168 BancPlus Corp. Ridgeland, MS 2,773,954 7.68 5.26 0.46 12,413 3.96 79.04 7.93 83.93 (6.04)
169 West Suburban Bank Lombard, IL 2,251,005 7.61 8.83 0.82 18,395 3.31 68.51 7.92 59.21 1.81
170 Discount Bancorp New York, NY 9,229,216 7.56 10.44 1.06 96,020 2.96 57.70 4.05 82.03 14.05
171 Metropolitan Commercial Bank New York, NY 2,180,728 7.55 9.73 1.44 28,096 3.81 49.13 31.71 110.52 31.45
172 National Commerce Corp. Birmingham, AL 4,205,488 7.47 7.65 1.26 44,913 4.75 54.48 54.02 96.58 42.01
173 Hometown Financial Group Easthampton, MA 2,156,458 7.44 8.07 0.90 18,792 3.35 61.19 4.47 95.13 4.77
174 Cape Cod Five Mutual Co. Orleans, MA 3,425,994 7.43 7.87 0.74 24,531 3.18 74.41 5.68 98.92 4.76
175 First Bancshares (FBMS) Hattiesburg, MS 3,003,986 7.40 7.59 0.87 21,225 3.94 58.15 68.21 83.63 39.58
176 Republic Bank of Chicago* Oak Brook, IL 2,057,806 7.40 2.23 0.23 4,444 3.78 55.52 5.79 80.49 2.11
177 SmartBank Pigeon Forge, TN 2,278,710 7.37 9.31 1.16 22,741 4.34 64.76 34.25 91.17 63.34
178 Liberty Bank Middletown, CT 5,093,375 7.32 9.78 1.50 71,567 3.19 72.99 7.68 104.22 2.32
179 Midland States Bancorp (MSBI) Effingham, IL 5,637,673 7.30 6.92 0.72 39,421 3.76 63.31 27.20 101.79 32.98
180 Beal Financial Corp.* Plano, TX 7,429,465 7.22 10.12 2.53 188,219 5.43 39.87 (9.42) 122.29 0.62
181 BCB Community Bank Bayonne, NJ 2,673,815 7.22 8.74 0.74 17,809 3.39 64.08 38.58 104.48 25.58
182 Johnson Financial Group Racine, WI 5,042,662 7.21 9.66 1.16 56,925 3.65 73.61 5.73 94.08 10.60
183 El Dorado Savings Bank, Placerville, CA 2,184,373 7.16 8.61 0.90 19,666 2.47 57.19 7.90 29.97 11.76
184 PeoplesBancorp, MHC Holyoke, MA 2,869,938 7.08 8.56 0.74 18,917 2.96 69.88 24.44 106.02 7.11
185 Equity Bancshares (EQBK) Wichita, KS 4,061,716 7.03 8.52 1.00 35,825 3.84 58.24 21.59 82.18 42.52
186 Univest Financial Corp. (UVSP) Souderton, PA 4,984,347 7.03 8.26 1.07 50,543 3.72 60.86 10.52 102.39 8.50
187 Veritex Holdings (VBTX) Dallas, TX 3,208,550 7.03 7.73 1.26 39,341 4.09 46.82 14.22 96.76 66.41
188 MidWestOne Financial Group (MOFG) Iowa City, IA 3,291,480 7.02 8.78 0.93 30,351 3.62 60.94 4.90 90.71 1.67
189 Meridian Bancorp (EBSB) Peabody, MA 6,178,683 6.98 8.36 0.99 55,771 3.03 52.86 20.91 114.53 10.80
190 Northwest Bancshares (NWBI) Warren, PA 9,607,773 6.95 8.61 1.11 105,491 3.88 62.31 3.36 101.29 1.52
191 OFG Bancorp (OFG) San Juan, PR 6,583,352 6.93 8.73 1.31 84,410 5.41 51.57 9.25 90.29 4.00
192 Sonabank Glen Allen, VA 2,707,117 6.90 9.69 1.38 37,005 3.90 47.94 5.53 102.92 38.27
193 Lone Star National Bank McAllen, TX 2,209,580 6.87 10.30 1.19 25,496 3.68 71.20 (1.21) 59.30 9.13
194 Bristol County Savings Bank Taunton, MA 2,176,759 6.87 8.04 1.02 21,381 3.21 75.53 5.51 102.14 9.93
195 OceanFirst Financial Corp. (OCFC) Toms River, NJ 7,516,154 6.86 7.31 0.98 71,932 3.67 55.10 40.68 95.95 41.68
196 Bangor Bancorp, MHC Bangor, ME 4,415,179 6.85 7.81 0.76 31,697 3.17 75.58 15.37 86.47 15.16
197 New Hampshire Mutual Bancorp Concord, NH 2,289,458 6.79 8.01 0.78 15,640 3.68 71.44 25.98 104.51 17.87
198 Capitol Federal Financial (CFFN) Topeka, KS 9,303,782 6.53 6.68 0.90 91,474 2.06 44.65 4.67 135.41 1.85
199 Valley View Bancshares Overland Park, KS 3,008,010 6.51 8.64 1.32 40,090 3.61 53.99 (0.99) 69.90 (0.26)
200 Union Savings Bank Danbury, CT 2,159,424 6.39 8.84 1.00 21,810 3.61 68.56 1.59 104.15 (3.52)
201 Green Bancorp Houston, TX 4,405,753 6.38 11.80 1.32 56,707 3.85 48.24 3.86 94.88 11.84
202 Dollar Bank Pittsburgh, PA 8,514,086 6.11 7.18 0.82 68,781 3.04 67.47 0.97 102.02 7.75
203 Educational Services of America Farragut, TN 3,162,217 6.10 6.43 0.71 22,087 2.93 73.61 2.57 271.22 5.63
204 Middlesex Bancorp Natick, MA 4,838,114 5.87 6.79 0.85 40,701 2.96 66.59 0.76 74.26 6.88
205 Blue Hills Bank Hyde Park, MA 2,805,410 5.84 8.33 1.06 28,583 2.94 57.86 5.71 107.22 7.13
206 Gate City Bank Fargo, ND 2,231,157 5.84 5.65 0.63 13,474 3.11 81.30 8.75 105.13 8.10
207 Capital City Bank Group (CCBG) Tallahassee, FL 2,959,183 5.65 8.89 0.92 26,224 3.64 76.50 7.41 69.79 6.93
208 Westfield Bank Westfield, MA 2,116,384 5.62 7.79 0.85 17,995 3.07 62.38 4.01 105.26 2.70
209 Ocean Bankshares Miami, FL 3,888,253 5.52 8.72 0.91 34,707 4.03 70.24 5.08 93.84 9.52
210 Bank Leumi Le-Israel Corp. New York, NY 7,080,215 5.47 7.86 0.89 62,124 3.65 59.70 1.33 87.80 7.78
211 Origin Bancorp (OBNK) Ruston, LA 4,821,576 5.46 10.07 1.16 51,605 3.75 66.06 16.45 100.63 12.86
212 Amalgamated Bank (AMAL) New York, NY 4,685,489 5.38 11.38 1.01 44,654 3.53 67.87 15.34 78.22 19.70
213 National Bank Holdings (NBHC) Greenwood Village, CO 5,676,666 5.30 9.28 1.10 61,451 3.93 65.73 30.21 90.50 46.71
214 Mercantil Bank Holding (AMTB) Coral Gables, FL 8,124,347 5.07 6.29 0.55 45,833 2.84 72.50 (2.36) 97.11 0.57
215 Business First Bancshares (BFST) Baton Rouge, LA 2,094,896 5.05 7.04 0.84 14,091 4.02 67.01 56.95 87.51 38.59
216 Manufacturers Bank Los Angeles, CA 2,802,850 4.85 7.10 0.93 24,460 3.08 56.79 5.89 82.70 10.92
217 Northfield Bancorp (NFBK) Woodbridge, NJ 4,408,432 4.77 6.17 0.95 40,079 2.81 55.79 3.31 97.91 0.27
218 Needham Bank Needham, MA 2,174,256 4.73 5.30 0.68 14,094 3.06 70.05 9.40 123.37 (0.11)
219 Atlantic Capital Bank Atlanta, GA 2,955,181 4.49 9.04 1.12 31,498 3.10 53.85 9.04 81.34 (9.14)
220 CTBC Capital Corp. Los Angeles, CA 3,452,768 4.26 8.02 1.17 38,984 3.56 55.26 12.05 102.65 11.07
221 Blue Hills Bancorp Norwood, MA 2,805,575 4.15 6.10 0.91 24,556 2.95 61.10 5.71 108.56 13.96
222 Howard Bank Baltimore, MD 2,266,082 4.06 (1.21) (0.15) (3,314) 3.81 93.77 70.79 98.15 48.80
223 Industrial and Commercial of China New York, NY 2,886,641 3.92 5.93 0.89 22,678 3.37 59.29 21.61 110.52 15.34
224 Spencer Savings Bank Elmwood Park, NJ 2,947,705 3.80 4.84 0.53 15,085 2.73 68.70 11.11 107.62 6.45
225 Penn Community Bank Doylestown, PA 2,158,804 3.73 4.36 0.55 11,518 3.04 74.41 12.78 99.24 2.45
226 HomeTrust Bancshares (HTBI) Asheville, NC 3,413,099 3.61 7.17 0.88 29,165 3.46 65.61 9.15 116.20 7.64
227 North Shore Bank Brookfield, WI 2,031,675 3.47 5.43 0.68 13,165 3.57 77.30 7.72 91.31 5.25
228 Ridgewood Savings Bank Ridgewood, NY 5,534,383 3.28 4.97 0.64 35,187 2.36 72.48 8.62 89.30 3.60
229 Home Federal Bank of Tenn. Knoxville, TN 2,152,413 3.17 3.58 0.65 14,086 2.68 74.84 3.81 58.46 0.87
230 Beneficial Bancorp Philadelphia, PA 5,806,925 3.13 4.61 0.81 47,235 3.32 66.63 (3.50) 92.30 3.62
231 Opus Bank (OPB) Irvine, CA 7,180,903 2.99 2.99 0.43 30,918 3.08 66.01 0.26 85.86 (8.84)
232 Carter Bank & Trust (CARE) Martinsville, VA 4,039,599 2.09 2.75 0.29 11,905 3.10 60.14 0.66 74.27 7.63
233 Kearny Financial Corp. (KRNY) Fairfield, NJ 6,702,440 2.01 2.95 0.57 35,009 2.60 62.59 44.59 113.12 35.54
234 Scotiabank de Puerto Rico San Juan, PR 4,043,091 (0.11) 10.66 2.30 94,852 4.12 56.25 (12.08) 77.17 12.66
Median: All 234 Institutions 3,731,440 9.26 10.44 1.17 41,285 3.64 59.32 7.61 93.55 9.07
Median: Top 20 Institutions 3,654,339 15.15 16.14 1.56 59,272 3.94 51.23 8.40 89.18 10.71
Average: All 234 Institutions 4,296,983 9.37 10.82 1.19 50,495 3.59 59.43 12.19 92.72 11.82
Average: Top 20 Institutions 3,997,073 15.89 17.52 1.69 69,500 3.75 53.12 11.19 87.36 9.55

Notes: Ranking is of top consolidated bank holding companies, banks, and thrifts with total assets of between $2 billion and $10 billion as of 12/31/18 and is based on three-year average return on equity for 2016 to 2018. Additional data is for the year ended 12/31/18; year-over-year changes compare 2018 to 2017. Financials are from SEC filings. If unavailable, regulatory financials were used. Excludes industrial banks, nondepository trusts, foreign-owned banks and bankers' banks, as well as institutions with credit cards to total loans of more than 25%, loans to total assets of less than 20% or loans to total deposits of less than 20%. 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% during any quarter in the ranking period. Excludes institutions that received a tax benefit of greater than 10% of net income or that did not report data for any year in the ranking period. Also excludes institutions that have fewer than five depository branches and are owned by a company not primarily focused on commercial or retail banking. Based on the preceding criteria, 51 institutions in this asset size range were excluded from the ranking. Ties broken using first the 2018 ROAE and subsequently the 2017 ROAE.

* Denotes institutions that operated as a subchapter S corporation for at least one quarter between 2016 and 2018. Their profitability ratios were calculated from regulatory financials and adjusted using an assumed tax rate.

Source: Capital Performance Group analysis of data provided by S&P Global Market Intelligence.