Once-highflying community banks encounter turbulence

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Banks leading the midtier rankings this year cannot afford to get too comfortable. Chances are the top 20 could look a lot different next year.

Nobody knows yet how deeply the coronavirus pandemic will scar the nation's economy, but what's certain is the environment is changing for banks, including those with assets between $2 billion and $10 billion.

Credit quality is expected to deteriorate, loan growth is uncertain and fee income — which was a major contributor to profitability for the top performers in 2019 — could be in for a dramatic shift. Look for fees from wealth management and deposit service charges to be less of a factor, while lenders active in the government's loan program to help small businesses stay afloat through the crisis see their fee income surge.

"My guess is the top performers will be reshuffled in 2020 from the group we have today," said Claude Hanley, a partner at Capital Performance Group, which compiles our annual bank rankings.

Even so, Hanley said, there are some interesting trends in the data.

Consider this: The top 20 midsize banks were more profitable in 2019 than 2018, boasting a median return on average equity of 16.96%, an increase of 52 basis points from the prior year.

The median for all 231 institutions that fit the ranking criteria was 10.40%, a year-over-year decline of 16 basis points.

The top 20 managed to improve profitability despite the fact that their median net interest margin compressed by 15 basis points to 3.46%. Hanley blames a trio of interest rate cuts last year and a higher cost of funds for the shrinking margins.

(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.)

See rankings from past years:

So what gave leading banks their edge? They controlled expense growth while still boosting assets by a median of $44 million, to $3.2 billion, according to Hanley.

The peer group grew at an even faster rate last year, bulking up their assets by a median of $366.9 million to $3.7 billion. But their 2.53% ratio of noninterest expenses to average assets was higher than the 2.17% of the top performers.

"One takeaway — size doesn't necessarily guarantee top performance," Hanley said. "Clearly the high performers were able to grow positive operating leverage by pushing more through without spending more on expenses."

But with the pandemic comes a lot of uncertainty about future performance, particularly on the loan front.

"I don't think we know how deep this recession will be in terms of problem loans," Hanley said. If unemployment keeps rising, "your pool of qualified borrowers shrinks significantly."

The metric that determines which banks rise to the top in 2020 could very well turn out to be the ratio of nonperforming assets to total assets, he said. (Hanley also shared more insight about what banks will need to focus on to outperform moving forward in this BankThink.)

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 exclusive subscriber bonus must be received by bonnie.mcgeer@arizent.com no later than June 12. 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 ranking request” in the subject line. Subscriptions will be verified and replies will follow after June 15. (Please note that the Excel charts will not be sent prior to that date.)

View Table
Rank
Institution/Ticker
Location
Total Assets ($000)
3-Year Avg. ROAE (%)
ROAE (%)
ROAA (%)
Net Income ($000)
Total Nonint. Income ($000)
Pre-Tax Net Income Growth (%)
Nonint. Expense Growth (%)
Efficiency Ratio FTE (%)
Net Interest Margin FTE (%)
Demand Deposits/Total Dep. (%)
1
Bessemer Group*
New York, NY
3,348,010
25.55
27.16
3.88
138,276
634,696
8.54
22.84
81.04
1.56
5.58
2
State Bankshares
Fargo, ND
6,567,034
23.22
43.01
5.16
321,588
490,916
79.79
(14.48)
35.02
3.97
5.80
3
INTRUST Financial Corp.*
Wichita, KS
5,695,664
21.58
25.97
1.32
69,606
61,024
(11.01)
9.07
65.54
3.42
19.37
4
Sterling Bancorp (SBT)
Southfield, MI
3,239,764
19.09
16.37
1.74
56,951
11,447
(13.97)
8.97
41.41
3.78
3.98
5
ServisFirst Bancshares (SFBS)
Birmingham, AL
8,947,653
18.83
19.16
1.73
149,243
23,833
9.64
11.00
32.54
3.46
23.24
6
Woodforest Financial Group*
The Woodlands, TX
6,480,808
18.49
21.45
1.81
143,335
495,618
21.00
5.05
79.98
3.80
11.30
7
Alpine Banks (ALPI.B)
Glenwood Springs, CO
3,865,162
17.21
18.17
1.55
58,008
36,141
5.00
12.50
64.33
4.59
9.97
8
Preferred Bank (PFBC)
Los Angeles, CA
4,628,481
16.48
17.43
1.82
78,371
7,466
11.41
10.56
32.42
3.92
6.89
9
Poppy Bank*
Santa Rosa, CA
2,533,933
15.92
16.25
1.78
47,468
1,734
12.15
19.40
35.66
3.52
9.10
10
Hingham Inst. for Savings (HIFS)
Hingham, MA
2,590,346
15.51
16.82
1.55
38,927
1,220
20.20
2.81
30.09
2.72
13.02
11
First National Bank Texas*
Killeen, TX
2,179,218
15.50
17.36
1.57
37,851
296,437
23.00
5.00
82.87
3.68
83.10
12
KS StateBank*
Manhattan, KS
2,142,154
15.33
15.81
1.48
33,206
24,795
14.04
15.47
48.62
3.13
5.36
13
Lakeland Financial (LKFN)
Warsaw, IN
4,946,745
14.90
15.47
1.76
87,047
44,014
7.86
3.71
44.45
3.38
23.79
14
Stock Yards Bancorp (SYBT)
Louisville, KY
3,724,197
14.90
17.09
1.90
66,067
49,436
10.72
8.81
55.33
3.81
3.04
15
Independence Bank of Ky.*
Owensboro, KY
2,596,482
14.85
12.10
1.00
28,057
10,691
(4.47)
9.35
63.16
3.25
7.56
16
First Bancshares
Merrillville, IN
4,698,598
14.81
16.11
1.42
65,530
47,011
14.25
4.27
NA
NA
12.34
17
North American Savings
Kansas City, MO
2,503,779
14.75
19.66
2.09
50,419
70,586
39.61
25.43
57.05
3.71
11.95
18
Union Savings Bank*
Cincinnati, OH
3,079,626
14.68
14.79
1.62
59,173
40,110
6.93
(3.62)
49.32
2.77
12.97
19
Citizens First Bank
The Villages, FL
2,462,753
14.65
16.45
1.98
46,071
24,548
36.84
9.46
40.83
3.05
3.47
20
First National Bank
Damariscotta, ME
2,036,932
14.62
14.97
1.32
26,122
13,254
8.78
4.02
49.88
3.08
7.16
21
First Financial (FFIN)
Abilene, TX
8,262,227
14.46
14.37
2.08
164,812
107,421
10.03
3.36
47.76
3.98
31.27
22
ANB Corp.
Terrell, TX
3,475,112
14.36
13.12
1.19
38,035
30,481
(17.21)
(5.93)
NA
NA
38.48
23
Canandaigua National (CNND)
Canandaigua, NY
3,013,501
14.32
15.66
1.34
39,183
51,199
8.97
2.76
61.97
3.54
5.72
24
Institution for Savings
Newburyport, MA
3,717,267
14.24
18.90
1.99
71,206
6,728
43.54
15.76
69.14
1.98
5.11
25
1867 Western Financial (WFCL)
Stockton, CA
3,381,084
14.17
22.59
4.04
130,482
19,284
69.63
5.74
48.12
3.94
14.46
26
Northern Bank & Trust
Woburn, MA
2,234,025
14.14
15.15
1.73
37,056
6,883
16.32
6.20
43.22
4.48
4.58
27
Stockman Financial Corp.*
Miles City, MT
4,003,418
14.07
14.42
1.55
73,729
34,685
6.24
10.18
NA
NA
6.05
28
Exchange Bank (EXSR)
Santa Rosa, CA
2,673,118
14.04
14.45
1.40
36,501
24,060
(5.30)
9.82
56.54
3.89
4.51
29
Washington Trust (WASH)
Westerly, RI
5,292,659
13.95
14.37
1.34
69,118
67,042
1.69
5.55
54.42
2.77
17.44
30
Inwood Bancshares *
Dallas, TX
3,045,151
13.95
13.01
1.44
51,463
6,888
1.18
5.74
NA
NA
10.41
31
Stearns Financial Services
Saint Cloud, MN
2,440,924
13.92
13.45
2.24
52,314
31,500
7.36
10.46
NA
NA
3.61
32
ANB Bank*
Denver, CO
2,646,243
13.81
14.99
1.23
39,022
14,042
10.89
3.88
63.74
3.90
8.21
33
Farmers & Merchants (FMCB)
Lodi, CA
3,721,830
13.74
16.77
1.61
56,036
17,327
20.69
13.40
51.56
4.34
7.64
34
Olney Bancshares *
Olney, TX
3,494,656
13.55
9.81
1.14
51,177
13,434
(79.17)
7.11
43.63
4.21
15.99
35
Bridgewater Bancshares (BWB)
Bloomington, MN
2,268,830
13.52
13.50
1.49
31,403
3,241
16.13
15.97
46.93
3.59
24.54
36
Choice Financial Group*
Fargo, ND
2,379,086
13.46
12.89
1.62
35,488
19,271
28.32
39.54
51.51
4.52
1.76
37
Southern BancShares (SBNC)
Mount Olive, NC
3,023,839
13.39
17.29
2.04
56,874
22,465
49.80
8.08
65.01
3.72
31.97
38
BancFirst Corp. (BANF)
Oklahoma City, OK
8,565,758
13.38
14.04
1.69
134,879
136,417
5.79
8.51
56.22
3.85
16.53
39
Fremont Bancorp.*
Fremont, CA
4,383,428
13.34
13.15
0.92
46,874
48,977
0.74
6.18
NA
NA
44.53
40
Altabank
American Fork, UT
2,406,298
13.18
14.60
1.96
44,999
16,203
8.66
(1.94)
47.38
4.99
16.73
41
Bank First
Manitowoc, WI
2,206,443
13.13
13.08
1.43
27,845
11,837
6.99
8.01
48.54
3.99
25.86
42
Arrow Financial (AROW)
Glens Falls, NY
3,184,275
13.09
13.17
1.24
37,475
28,508
3.76
3.72
56.97
3.09
18.54
43
West Bank
West Des Moines, IA
2,473,209
13.04
13.18
1.27
30,205
8,369
0.94
10.00
49.00
3.03
5.50
44
City Holding Co. (CHCO)
Cross Lanes, WV
5,018,756
12.88
14.01
1.80
89,352
66,133
24.79
16.84
50.22
3.59
14.30
45
Cambridge Trust Co.
Cambridge, MA
2,855,550
12.75
11.78
0.98
25,353
35,741
8.36
22.19
67.17
3.27
16.44
46
Southern First (SFST)
Greenville, SC
2,267,195
12.74
14.72
1.35
27,858
15,007
19.14
11.85
54.03
3.43
21.47
47
Eagle Bancorp (EGBN)
Bethesda, MD
8,988,719
12.72
12.20
1.61
142,943
24,182
(3.77)
4.78
37.73
3.80
28.57
48
Vantage Bank Texas
San Antonio, TX
2,173,744
12.70
8.48
1.20
23,646
15,418
16.34
0.59
62.71
4.50
7.06
49
Old Second National Bank
Aurora, IL
2,632,912
12.69
13.74
1.79
46,621
31,034
12.33
2.36
54.58
4.15
8.80
50
Great Southern Bancorp (GSBC)
Springfield, MO
5,015,072
12.55
12.88
1.52
73,612
30,342
9.01
0.19
53.04
3.95
29.88
51
National Bank of Indianapolis
Indianapolis, IN
2,276,074
12.50
13.76
1.15
24,940
20,298
9.96
(8.09)
62.91
3.26
5.69
52
CNB Financial Corp. (CCNE)
Clearfield, PA
3,763,659
12.49
14.05
1.17
40,081
24,987
17.29
10.03
60.82
3.61
0.76
53
American National Corp.*
Omaha, NE
4,049,798
12.47
13.09
1.28
59,302
19,430
10.73
4.56
NA
NA
24.41
54
Farmers National of Canfield
Canfield, OH
2,432,103
12.42
13.12
1.46
34,404
19,667
10.51
5.19
54.68
3.79
7.82
55
First State Bancshares
Farmington, MO
2,624,830
12.27
12.07
1.38
34,788
37,702
11.83
4.76
NA
NA
18.62
56
Macatawa Bank
Holland, MI
2,068,014
12.23
14.60
1.71
34,393
19,814
17.39
(0.75)
50.34
3.53
8.25
57
Hometown Community*
Morton, IL
4,107,748
12.19
12.46
1.25
58,222
35,390
6.97
(3.57)
NA
NA
13.83
58
Southern Missouri (SMBC)
Poplar Bluff, MO
2,311,849
12.17
12.74
1.36
30,195
15,751
15.09
12.48
54.27
3.75
11.62
59
Park National Corp. (PRK)
Newark, OH
8,558,377
12.12
11.14
1.21
102,700
92,720
(5.23)
15.18
63.73
3.89
27.79
60
Texas Bank and Trust Co.
Longview, TX
2,669,138
12.11
12.88
1.55
40,268
24,061
8.32
6.34
54.52
3.82
9.29
61
Enterprise Financial (EFSC)
Clayton, MO
7,333,791
12.06
11.66
1.35
92,739
48,820
9.88
26.17
49.06
3.80
6.79
62
Tompkins Financial (TMP)
Ithaca, NY
6,725,623
11.88
12.57
1.23
81,845
74,288
(1.34)
1.57
62.70
3.39
27.95
63
FB Financial Corp. (FBK)
Nashville, TN
6,124,921
11.85
11.58
1.45
83,814
134,795
3.36
7.06
64.12
4.34
24.48
64
W.T.B. Financial (WTBF.B)
Spokane, WA
7,164,664
11.83
12.71
1.26
83,284
50,150
2.16
6.19
63.28
3.99
10.75
65
German American (GABC)
Jasper, IN
4,397,672
11.69
11.41
1.43
59,222
43,147
21.31
24.38
55.78
3.92
24.29
66
Royal Business Bank
Los Angeles, CA
2,783,284
11.62
9.91
1.60
45,325
19,054
21.52
46.28
44.85
3.56
21.65
67
First Federal Bank
Lake City, FL
2,177,570
11.47
10.95
1.34
27,159
49,109
15.36
19.89
72.89
4.17
7.29
68
First Bank & Trust
Brookings, SD
2,069,570
11.43
11.44
1.28
25,224
20,434
(2.10)
(2.38)
58.50
3.81
6.80
69
Century Bancorp (CNBK.A)
Medford, MA
5,492,424
11.41
12.44
0.76
39,699
18,325
7.42
3.61
58.45
2.10
16.20
70
Nicolet Bankshares (NCBS)
Green Bay, WI
3,577,260
11.41
12.99
1.76
54,988
45,789
23.30
4.00
54.46
4.19
4.73
71
Farmers & Merchants Inv.
Lincoln, NE
4,652,663
11.37
11.73
1.42
61,976
107,086
0.23
11.29
NA
NA
11.20
72
TrustCo Bank Corp (TRST)
Glenville, NY
5,221,322
11.32
11.26
1.12
57,840
18,415
(4.11)
0.02
56.19
3.10
10.42
73
Independent Bank (IBCP)
Grand Rapids, MI
3,564,694
11.28
13.63
1.35
46,435
47,429
14.94
7.44
64.97
3.80
40.93
74
Alerus Financial
Grand Forks, ND
2,354,874
11.27
12.87
1.54
34,089
113,912
13.13
4.78
70.76
3.80
9.67
75
Amarillo National Bancorp*
Amarillo, TX
5,718,432
11.24
12.38
1.42
97,047
55,632
13.22
39.72
NA
NA
10.94
76
QCR Holdings (QCRH)
Moline, IL
4,909,050
11.15
11.31
1.12
57,408
66,512
27.62
28.69
60.87
3.45
4.34
77
Hills Bancorp. (HBIA)
Hills, IA
3,300,887
11.14
12.84
1.40
45,318
24,726
21.08
8.16
54.12
3.14
14.58
78
First Defiance Financial (FDEF)
Defiance, OH
3,468,992
11.12
12.15
1.50
49,370
44,514
6.21
6.01
58.43
3.93
22.11
79
Enterprise Bancorp (EBTC)
Lowell, MA
3,235,049
11.01
12.31
1.10
34,200
16,139
15.44
6.80
64.69
3.95
30.16
80
River City Bank (RCBC)
Sacramento, CA
2,544,697
10.97
11.33
1.07
25,312
5,386
3.85
7.55
39.91
2.72
15.51
81
Revere Bank
Rockville, MD
2,851,182
10.94
11.07
1.19
31,698
2,851
14.43
7.42
48.49
3.58
3.41
82
Mercantile Bank (MBWM)
Grand Rapids, MI
3,632,915
10.89
12.52
1.39
49,456
23,497
14.29
3.61
59.22
3.75
34.38
83
Luther Burbank* (LBC)
Santa Rosa, CA
7,045,828
10.80
8.18
0.69
48,861
4,675
9.40
(0.51)
46.86
1.84
1.39
84
Summit Community Bank
Moorefield, WV
2,401,941
10.79
12.82
1.42
32,273
11,661
9.51
12.29
53.25
3.70
2.30
85
Camden National (CAC)
Camden, ME
4,429,521
10.79
12.44
1.30
57,203
41,290
8.11
3.65
55.67
3.15
15.62
86
Fidelity Bank
Fuquay-Varina, NC
2,072,511
10.76
13.25
1.45
29,227
21,513
15.81
5.31
59.10
3.78
7.43
87
American Bancor Ltd.
Dickinson, ND
2,050,299
10.75
11.35
1.08
20,212
21,279
8.53
0.34
NA
NA
9.61
88
United Community Bank*
Chatham, IL
2,663,225
10.74
12.00
1.11
27,190
26,487
18.86
20.42
60.65
3.34
9.04
89
First of Long Island (FLIC)
Glen Head, NY
4,097,843
10.74
10.61
0.99
41,555
10,597
6.32
1.77
53.56
2.57
14.64
90
First Bancorp (FBNC)
Southern Pines, NC
6,143,639
10.74
11.32
1.53
92,046
59,432
2.41
1.87
54.53
4.00
30.75
91
1st Source Corp. (SRCE)
South Bend, IN
6,622,776
10.72
11.38
1.41
92,015
99,820
12.59
2.36
58.26
3.68
22.71
92
Wilson Bank Holding Co.
Lebanon, TN
2,794,209
10.69
11.31
1.34
36,044
28,665
12.17
7.98
60.04
3.72
11.27
93
BancPlus Corp.
Ridgeland, MS
2,979,064
10.65
15.29
1.24
36,400
59,713
72.24
7.16
NA
NA
24.59
94
RCB Holding Co.*
Claremore, OK
3,176,415
10.59
10.59
1.05
39,338
26,254
6.44
3.04
NA
NA
23.10
95
Community Trust (CTBI)
Pikeville, KY
4,366,003
10.53
10.84
1.49
64,540
49,401
2.01
3.92
57.81
3.60
25.46
96
Central Pacific (CPF)
Honolulu, HI
6,012,672
10.53
11.36
0.99
58,322
38,998
(0.40)
5.25
63.15
3.35
9.16
97
VeraBank
Henderson, TX
2,413,252
10.51
10.90
0.99
23,385
28,095
11.82
5.14
NA
NA
25.54
98
NBT Bancorp (NBTB)
Norwich, NY
9,715,925
10.50
11.32
1.26
121,021
139,810
11.86
2.41
58.96
3.58
31.82
99
Republic Bancorp (RBCA.A)
Louisville, KY
5,620,319
10.47
12.49
1.64
91,699
66,257
16.72
5.22
56.77
4.46
27.29
100
Financial Institutions (FISI)
Warsaw, NY
4,384,178
10.47
11.61
1.14
48,862
38,880
16.64
2.96
59.79
3.28
19.91
101
Spend Life Wisely Co.*
Durant, OK
8,142,204
10.36
7.62
0.64
48,426
132,065
17.09
11.17
65.96
3.76
23.26
102
Horizon Bancorp (HBNC)
Michigan City, IN
5,246,829
10.32
10.98
1.35
66,538
42,427
20.39
14.18
55.47
3.60
18.06
103
Bank of the Sierra
Porterville, CA
2,593,396
10.16
11.73
1.48
38,069
23,713
16.35
(0.69)
54.89
4.26
12.77
104
Broadway Bancshares*
San Antonio, TX
3,856,185
10.07
10.72
1.27
55,250
40,961
14.71
5.60
NA
NA
25.90
105
Home Bank
Lafayette, LA
2,195,856
10.01
9.35
1.28
28,084
14,461
(13.30)
0.76
61.49
4.31
7.05
106
Sandy Spring Bancorp (SASR)
Olney, MD
8,629,002
10.00
10.51
1.39
116,433
70,645
13.20
5.81
51.61
3.51
29.38
107
Lakeland Bancorp (LBAI)
Oak Ridge, NJ
6,711,236
9.99
10.14
1.12
70,672
26,300
14.54
11.63
54.95
3.33
0.00
108
Peapack-Gladstone (PGC)
Bedminster, NJ
5,182,879
9.99
9.70
0.99
47,434
54,579
12.71
7.35
58.39
2.63
3.56
109
Carolina Financial (CARO)
Charleston, SC
4,708,873
9.99
10.36
1.61
62,740
43,397
22.62
6.75
52.67
4.00
6.11
110
S&T Bancorp (STBA)
Indiana, PA
8,764,649
9.98
9.98
1.32
98,234
51,249
(4.96)
7.10
51.34
3.64
12.82
111
Parkway Bank and Trust
Harwood Heights, IL
2,638,601
9.97
9.82
1.13
29,403
4,608
(20.62)
9.98
50.69
2.93
5.62
112
Spirit of Texas Bank
Conroe, TX
2,384,705
9.81
10.22
1.31
24,686
10,015
50.19
47.58
62.62
4.52
42.46
113
Heritage Commerce (HTBK)
San Jose, CA
4,109,463
9.72
9.51
1.21
40,461
9,583
13.60
9.72
50.07
4.28
22.26
114
First American Bank Corp.*
Elk Grove Village, IL
5,315,781
9.69
9.59
0.65
36,333
(11,363)
4.58
14.03
NA
NA
26.81
115
Southside Bancshares (SBSI)
Tyler, TX
6,748,913
9.68
9.53
1.17
74,554
41,546
3.96
2.23
52.46
3.06
22.12
116
STAR Financial Bank
Fort Wayne, IN
2,089,468
9.67
11.01
1.20
24,684
25,147
21.14
6.34
65.63
3.87
8.47
117
Community Bancshares
Brandon, MS
3,274,047
9.67
9.84
0.76
25,042
27,492
0.59
4.38
NA
NA
5.69
118
TriCo Bancshares (TCBK)
Chico, CA
6,471,181
9.66
10.49
1.43
92,072
52,493
26.39
13.61
57.84
4.47
34.16
119
Triumph Bancorp (TBK)
Dallas, TX
5,060,297
9.65
9.04
1.23
58,544
30,764
11.86
26.62
67.88
5.92
21.36
120
MutualBank
Muncie, IN
2,058,934
9.59
10.86
1.19
24,520
23,957
17.81
3.28
66.33
3.48
5.83
121
First National Bank (FBAK)
Anchorage, AK
3,808,254
9.56
10.47
1.47
55,645
23,959
4.42
0.71
53.35
3.74
9.33
122
ConnectOne Bancorp (CNOB)
Englewood Cliffs, NJ
6,174,032
9.50
10.40
1.22
73,395
8,021
24.35
17.07
40.61
3.35
18.07
123
FineMark National Bank
Fort Myers, FL
2,165,171
9.49
9.58
0.89
17,657
21,683
13.27
4.59
66.65
2.50
2.37
124
Salem Five Bancorp
Salem, MA
5,155,447
9.45
11.80
1.25
63,862
44,211
26.73
(0.76)
NA
NA
13.67
125
Firstrust Savings Bank*
Conshohocken, PA
3,722,539
9.44
10.96
1.16
49,077
29,012
0.17
4.07
68.18
4.19
0.00
126
First Community (FCBC)
Bluefield, VA
2,798,847
9.44
11.54
1.75
38,802
26,725
9.39
(3.06)
55.67
4.59
36.01
127
First Commonwealth (FCF)
Indiana, PA
8,308,773
9.39
10.32
1.31
105,333
85,459
(1.47)
6.35
56.82
3.75
25.31
128
Central Bancshares
Lexington, KY
2,763,519
9.36
10.63
1.19
31,445
38,955
7.50
6.32
NA
NA
26.96
129
First Mid Bancshares (FMBH)
Mattoon, IL
3,839,426
9.33
9.49
1.25
47,943
55,215
23.33
30.63
56.75
3.68
21.71
130
Metropolitan Commercial
New York, NY
3,355,182
9.33
10.19
1.16
32,894
10,565
15.79
38.42
52.78
3.52
56.59
131
Bank of Marin Bancorp (BMRC)
Novato, CA
2,707,280
9.24
10.49
1.34
34,241
8,750
5.40
0.92
53.99
4.03
13.77
132
Bryn Mawr Bank Corp. (BMTC)
Bryn Mawr, PA
5,263,259
9.20
10.05
1.26
59,196
82,268
(4.22)
7.45
59.99
3.55
3.31
133
First Busey Corp. (BUSE)
Champaign, IL
9,695,729
9.17
8.68
1.09
102,953
114,829
0.38
27.62
56.58
3.38
23.19
134
Peoples Bancorp (PEBO)
Marietta, OH
4,354,165
9.17
9.48
1.27
53,695
62,895
15.94
9.54
61.87
3.70
20.39
135
First Financial Corp. (THFF)
Terre Haute, IN
4,023,250
9.17
9.83
1.42
48,872
38,452
3.21
10.70
57.50
4.25
17.21
136
First Foundation (FFWM)
Irvine, CA
6,314,436
9.13
9.67
0.92
56,239
41,350
24.42
4.12
60.01
2.87
4.23
137
Seacoast Banking Corp. (SBCF)
Stuart, FL
7,108,511
9.08
10.63
1.45
98,739
54,559
31.94
3.83
51.06
3.92
28.48
138
Guaranty Bancshares (GNTY)
Addison, TX
2,318,444
9.06
10.37
1.13
26,279
17,007
21.41
12.87
64.32
3.68
26.87
139
CBTX (CBTX)
Houston, TX
3,478,544
9.05
9.81
1.50
50,517
15,310
5.47
9.91
58.63
4.42
8.77
140
First Guaranty Bank
Hammond, LA
2,113,006
9.03
8.75
0.86
16,083
8,166
0.61
8.74
63.51
3.41
5.98
141
Boston Private (BPFH)
Boston, MA
8,830,501
8.92
10.09
0.93
80,390
100,347
(15.95)
(12.12)
68.77
2.80
27.24
142
Mid Penn Bank
Millersburg, PA
2,230,818
8.92
7.94
0.91
19,675
10,596
23.11
28.50
68.86
3.62
8.00
143
Univest Financial Corp. (UVSP)
Souderton, PA
5,380,924
8.90
10.07
1.26
65,719
64,294
24.19
5.79
60.84
3.59
2.67
144
Territorial Savings Bank
Honolulu, HI
2,086,295
8.88
10.13
1.08
22,502
4,887
9.94
1.80
58.82
2.93
5.49
145
Cambridge Financial Group
Cambridge, MA
4,299,596
8.88
9.30
0.96
38,725
11,081
7.90
13.19
NA
NA
20.08
146
Republic Bank of Chicago*
Oak Brook, IL
2,016,395
8.86
13.48
1.44
28,683
19,581
6.35
1.15
54.88
3.99
27.63
147
Amboy Bancorp.*
Old Bridge, NJ
2,330,534
8.86
10.26
1.44
41,059
32,053
28.23
9.43
NA
NA
4.82
148
Civista Bancshares (CIVB)
Sandusky, OH
2,309,557
8.78
10.64
1.51
33,878
22,290
57.59
24.15
61.46
4.20
30.53
149
Brookline Bancorp (BRKL)
Boston, MA
7,856,853
8.75
9.57
1.15
87,760
29,285
2.83
3.12
54.63
3.51
6.14
150
Dacotah Banks (DBIN)
Aberdeen, SD
2,701,293
8.73
9.86
1.17
30,693
21,188
7.33
2.58
63.31
3.85
10.49
151
Hanmi Financial Corp. (HAFC)
Los Angeles, CA
5,538,184
8.61
5.80
0.60
32,788
25,022
(77.34)
6.12
61.24
3.37
29.62
152
Peoples Security Bank
Scranton, PA
2,474,885
8.58
9.05
1.10
25,742
14,931
1.58
7.21
59.68
3.59
2.30
153
Johnson Financial Group
Racine, WI
5,267,639
8.56
9.45
1.16
59,969
106,681
6.74
(0.52)
NA
NA
27.97
154
Discount Bancorp
New York, NY
9,777,011
8.55
9.77
1.05
100,199
68,895
2.11
4.42
57.61
2.86
5.85
155
Flushing Financial (FFIC)
Uniondale, NY
7,017,776
8.47
7.35
0.59
41,279
7,754
(22.79)
1.97
66.39
2.47
8.59
156
Minnwest Corp.
Minnetonka, MN
2,100,042
8.36
8.32
0.89
17,972
8,007
10.52
5.22
NA
NA
22.15
157
New York Private Bank
New York, NY
5,984,318
8.36
5.64
0.94
53,778
75,269
(41.51)
(6.55)
72.83
4.12
2.05
158
American National (AMNB)
Danville, VA
2,478,550
8.35
7.16
0.91
20,906
14,872
(9.54)
25.17
57.23
3.68
28.08
159
Meridian Bancorp (EBSB)
Peabody, MA
6,343,694
8.24
9.56
1.06
66,996
11,245
20.27
5.64
53.18
2.86
10.65
160
Heritage Financial (HFWA)
Olympia, WA
5,552,970
8.21
8.56
1.25
67,557
31,902
20.92
6.97
61.33
4.19
31.77
161
BCB Community Bank
Bayonne, NJ
2,906,653
8.19
9.04
0.84
23,141
4,248
22.70
(1.68)
61.30
3.18
2.23
162
Provident Financial (PFS)
Jersey City, NJ
9,808,578
8.10
8.07
1.15
112,633
63,722
2.16
3.67
54.22
3.33
22.09
163
Bridge Bancorp (BDGE)
Bridgehampton, NY
4,921,520
8.05
10.84
1.10
51,691
25,064
26.44
8.46
56.83
3.29
16.91
164
Liberty Bank
Middletown, CT
5,814,075
8.04
8.43
1.23
65,285
42,828
(3.87)
4.27
70.02
3.07
6.46
165
PeoplesBancorp
Holyoke, MA
2,944,862
8.04
9.41
0.81
23,332
11,433
5.70
9.65
132.72
1.28
20.80
166
Fidelity Bank
Wichita, KS
2,411,656
8.02
7.65
0.76
17,742
24,198
(12.44)
(2.56)
73.39
3.33
4.08
167
MidWestOne (MOFG)
Iowa City, IA
4,653,573
8.00
9.65
1.04
43,630
30,235
24.37
33.17
57.86
3.82
17.76
168
Lone Star National Bank
McAllen, TX
2,418,865
7.99
9.12
1.13
25,075
25,389
7.88
(4.83)
70.17
3.56
15.05
169
Happy Bancshares
Canyon, TX
3,829,288
7.96
8.81
1.18
42,010
32,544
29.03
0.52
NA
NA
27.94
170
SB One Bank
Paramus, NJ
2,002,702
7.94
11.01
1.26
23,790
12,098
53.42
2.40
55.56
3.43
3.76
171
Beal Financial Corp.*
Plano, TX
6,993,000
7.90
4.31
1.06
73,312
(201,803)
(263.41)
(29.52)
65.22
6.94
1.59
172
Franklin Financial (FSB)
Franklin, TN
3,896,162
7.89
3.75
0.37
14,822
15,725
(18.28)
11.57
59.87
2.93
9.96
173
Farmers & Merchants (FMBL)
Long Beach, CA
7,605,569
7.88
8.12
1.14
85,572
19,040
(5.69)
11.91
61.40
3.43
4.27
174
West Suburban Bank
Lombard, IL
2,304,484
7.85
7.26
0.69
15,753
9,601
(13.22)
6.66
73.17
3.25
10.54
175
Dime Community (DCOM)
Brooklyn, NY
6,354,460
7.78
5.96
0.57
36,186
11,606
(42.36)
6.05
57.48
2.41
6.50
176
First Bancshares (FBMS)
Hattiesburg, MS
3,941,863
7.78
9.54
1.26
43,745
26,022
52.14
32.03
52.70
4.02
23.50
177
Mutual of Omaha Bank3
Omaha, NE
8,443,364
7.76
5.59
0.65
55,269
235,345
(47.81)
82.39
80.27
3.83
5.81
178
Amalgamated Bank (AMAL)
New York, NY
5,325,338
7.72
10.03
0.96
47,202
29,679
21.59
3.72
63.90
3.53
1.41
179
Burke & Herbert (BHRB)
Alexandria, VA
2,865,939
7.69
4.78
0.58
16,978
15,196
(118.67)
11.80
81.10
3.23
4.24
180
El Dorado Savings Bank
Placerville, CA
2,183,806
7.68
7.94
0.89
19,405
9,076
(5.35)
0.80
58.65
2.46
3.22
181
SmartBank
Pigeon Forge, TN
2,449,029
7.68
7.94
1.10
25,633
8,619
21.78
9.72
61.67
4.08
20.71
182
Bristol County Savings Bank
Taunton, MA
2,297,366
7.65
8.14
1.08
23,909
23,466
4.30
6.62
75.99
3.19
5.14
183
Cape Cod Five Mutual Co.
Orleans, MA
3,658,361
7.65
7.91
0.76
26,853
29,804
15.72
8.70
NA
NA
4.13
184
National Bank Holdings (NBHC)
Greenwood Village, CO
5,895,512
7.61
10.89
1.38
80,365
82,157
23.40
(0.84)
63.42
3.93
25.08
185
Origin Bancorp (OBNK)
Ruston, LA
5,324,626
7.51
9.27
1.06
53,882
46,285
6.17
9.85
64.27
3.69
25.51
186
Valley View Bancshares
Overland Park, KS
3,022,047
7.50
8.41
1.39
42,299
13,271
8.09
(4.94)
NA
NA
27.87
187
Orrstown Financial (ORRF)
Shippensburg, PA
2,383,274
7.50
8.21
0.76
16,924
23,381
26.43
23.68
70.59
3.43
13.49
188
Bar Harbor Bankshares (BHB)
Bar Harbor, ME
3,669,128
7.48
5.81
0.62
22,620
28,832
(50.95)
9.29
65.70
2.78
15.38
189
Capital City Bank (CCBG)
Tallahassee, FL
3,088,953
7.48
9.72
1.03
30,807
53,053
27.27
1.17
72.05
3.85
39.85
190
Allegiance Bancshares (ABTX)
Houston, TX
4,992,654
7.48
7.48
1.10
52,959
11,938
31.82
42.42
59.37
4.22
30.78
191
OceanFirst Financial (OCFC)
Toms River, NJ
8,246,145
7.45
7.84
1.10
88,574
42,228
20.38
4.88
54.95
3.61
5.67
192
Bangor Bancorp, MHC
Bangor, ME
4,736,738
7.33
8.08
0.74
33,353
62,606
(3.66)
10.35
NA
NA
25.75
193
Union Savings Bank
Danbury, CT
2,276,560
7.29
8.21
1.01
22,230
17,422
2.61
1.51
68.83
3.59
6.26
194
Hometown Financial Group
Easthampton, MA
2,983,680
7.29
6.38
0.70
18,801
15,199
(2.31)
32.53
NA
NA
12.13
195
First Bank (FRBA)
Hamilton, NJ
2,011,587
7.26
6.48
0.72
13,445
3,219
(13.80)
10.49
57.16
3.32
3.76
196
Investar Holding (ISTR)
Baton Rouge, LA
2,148,916
7.18
8.21
0.85
16,839
5,611
17.76
14.13
64.25
3.51
4.40
197
Bank Leumi Le-Israel Corp.
New York, NY
6,884,682
7.16
8.66
1.05
73,213
55,679
13.96
0.28
59.15
3.67
4.87
198
New Hampshire Mutual
Concord, NH
2,352,062
7.05
7.10
0.72
16,583
15,399
6.93
16.59
NA
NA
6.45
199
Equity Bancshares (EQBK)
Wichita, KS
3,949,578
7.02
5.52
0.64
25,579
24,974
(40.53)
13.57
62.88
3.48
15.72
200
Sonabank
Glen Allen, VA
2,723,850
7.02
8.92
1.34
36,467
12,452
(9.41)
7.06
53.77
3.54
12.75
201
Capitol Federal (CFFN)
Topeka, KS
9,236,572
6.83
6.86
0.98
92,371
22,038
(4.24)
5.84
46.46
2.24
7.44
202
Byline Bancorp (BY)
Chicago, IL
5,521,809
6.82
8.05
1.08
57,002
52,857
28.27
17.67
59.07
4.47
30.85
203
Westfield Bank
Westfield, MA
2,179,440
6.65
6.80
0.70
14,860
9,634
(21.00)
3.84
66.70
2.93
6.18
204
Veritex Holdings (VBTX)
Dallas, TX
7,954,937
6.62
7.57
1.14
90,739
31,626
56.64
122.59
40.40
3.97
26.41
205
Midland States (MSBI)
Effingham, IL
6,087,017
6.56
8.74
0.96
55,784
74,330
29.90
(1.48)
59.07
3.69
22.43
206
OFG Bancorp (OFG)
San Juan, PR
9,297,661
6.48
5.15
0.83
53,841
73,904
(76.48)
1.02
51.12
5.54
21.79
207
Gate City Bank
Fargo, ND
2,380,296
6.48
7.79
0.87
20,020
53,141
35.69
9.09
75.82
3.26
2.81
208
Midwest BankCentre
Saint Louis, MO
2,050,530
6.48
5.88
0.60
11,798
9,135
(35.04)
11.72
76.59
2.91
5.26
209
Business First (BFST)
Baton Rouge, LA
2,273,835
6.47
8.70
1.11
23,772
10,537
41.81
22.51
62.13
4.10
22.45
210
Middlesex Bancorp
Natick, MA
4,954,135
6.33
6.57
0.86
41,833
16,773
1.02
6.87
NA
NA
24.66
211
Amerant Bancorp (AMTB)
Coral Gables, FL
7,985,399
6.12
6.43
0.65
51,334
51,696
10.10
1.18
76.20
2.90
13.26
212
Education Loan Finance
Farragut, TN
3,247,453
6.11
6.57
0.75
24,034
18,413
17.80
(5.33)
NA
NA
6.52
213
CapStar Bank
Nashville, TN
2,036,608
6.04
9.39
1.16
23,243
24,374
60.87
16.17
64.06
3.65
43.68
214
Ocean Bankshares
Miami, FL
4,327,846
5.93
7.45
0.76
32,147
23,198
(4.89)
3.62
NA
NA
3.41
215
Woori America Bank
New York, NY
2,033,619
5.92
6.34
0.86
17,509
7,148
2.19
8.52
67.08
3.31
8.48
216
CTBC Capital Corp.
Los Angeles, CA
3,665,144
5.47
6.73
1.01
35,889
7,317
(10.46)
(2.82)
54.88
3.30
19.98
217
Industrial and Commercial
New York, NY
2,899,519
5.32
6.27
0.93
26,938
9,793
14.69
0.82
60.34
3.01
19.66
218
Northfield Bancorp (NFBK)
Woodbridge, NJ
5,055,302
5.31
5.89
0.86
40,235
10,894
6.24
8.39
58.82
2.55
12.03
219
Needham Bank
Needham, MA
2,453,186
4.84
5.65
0.70
16,001
4,892
13.95
6.56
66.75
2.92
0.78
220
HomeTrust (HTBI)
Asheville, NC
3,470,232
4.77
7.14
0.83
29,310
28,966
(5.23)
8.57
66.03
3.34
2.20
221
Opus Bank (OPB)
Irvine, CA
7,992,400
4.51
5.78
0.80
61,834
49,544
55.37
(4.21)
63.55
2.90
2.76
222
Ridgewood Savings Bank
Ridgewood, NY
5,814,080
4.45
5.91
0.79
44,803
12,487
22.52
1.65
73.07
2.28
2.02
223
North Shore Bank
Brookfield, WI
2,048,238
4.38
4.88
0.61
12,400
14,679
(5.35)
6.01
79.67
3.62
4.92
224
Spencer Savings Bank
Elmwood Park, NJ
3,041,795
3.94
5.05
0.56
16,952
4,757
0.72
(2.19)
65.64
2.60
3.06
225
Howard Bank
Baltimore, MD
2,374,512
3.75
5.77
0.83
18,752
19,948
116.50
(23.64)
65.92
3.60
27.76
226
Penn Community Bank
Doylestown, PA
2,340,083
3.72
3.58
0.45
10,156
9,945
(15.68)
10.36
78.37
2.96
2.24
227
HarborOne Bancorp (HONE)
Brockton, MA
4,058,921
3.39
3.82
0.49
18,268
60,110
NA
23.21
82.31
3.14
4.38
228
Home Federal Bank
Knoxville, TN
2,259,866
3.04
2.90
0.54
11,821
9,596
(12.70)
(2.68)
76.41
2.48
12.74
229
Carter Bank & Trust (CARE)
Martinsville, VA
4,006,108
2.79
5.77
0.66
26,575
13,976
48.50
12.20
71.45
3.01
15.83
230
Kearny Financial (KRNY)
Fairfield, NJ
6,610,401
2.70
3.73
0.64
42,250
16,273
13.16
4.23
63.87
2.42
7.82
231
FirstSun Capital Bancorp
Denver, CO
4,185,443
2.04
4.62
0.52
20,503
69,384
(4.76)
18.84
NA
NA
21.36




Median: All Institutions
3,658,361
9.67
10.40
1.19
42,010
24,974
9.76
6.34
58.96
3.59
12.34




Median: Top 20 Institutions
3,293,887
15.50
16.96
1.73
58,591
38,126
9.76
9.02
49.32
3.46
9.54




Average: All Institutions
4,222,751
10.10
10.84
1.23
50,442
40,959
8.35
8.93
59.41
3.54
15.11




Average: Top 20 Institutions
3,913,367
17.04
19.08
1.92
80,066
119,249
7.71
8.48
52.08
3.40
13.95

Source: Capital Performance Group analysis of data provided by S&P Global Market Intelligence. Ranking is of top consolidated bank holding companies, banks, and thrifts with total assets of between $2 billion and $10 billion as of 12/31/19 and is based on three-year average return on equity for 2017 to 2019. Additional data is for the 12 months ending 12/31/19; growth statistics show year-over-year changes from 2018 to 2019. Financials are from SEC filings. If unavailable, regulatory financials were used. Ties broken using first the 2019 ROAE and subsequently the 2018 ROAE.

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, 46 institutions in this asset size range were excluded from the ranking.

Of the 231 institutions that qualified, 23 are newcomers that previously had total assets below the $2 billion threshold. Six institutions that appeared in last year's ranking are no longer here because their assets grew over $10 billion.

* Denotes institutions that operated as a subchapter S corporation for at least one quarter between 2018 and 2019. Their profitability ratios were calculated from regulatory financials and adjusted using an assumed tax rate. † Mutual of Omaha Bank was acquired Jan. 1 by CIT Group.
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