It's good to be a midsize bank these days.

Large enough to meet customer needs in their markets yet small enough to escape some of the Dodd-Frank Act's most onerous compliance expenses, banks with assets of $2 billion to $10 billion are more profitable, as a group, than their smaller and larger counterparts, according to an analysis by Capital Performance Group.

Banks in the $10 billion to $50 billion asset range are more efficient, and those with assets of less than $2 billion have slightly healthier net interest margins, when compared with the midsize group. But the midtiers are outpacing banks in both of the other size categories in areas like loan and deposit growth, and that's translating into higher returns on equity.

It's a relatively new trend that started to take shape after the Dodd-Frank Act passed in 2010, said Kevin Halsey, a CPG consultant who compiled the data for this ranking.

One advantage midtiers have over smaller banks is that they can spread compliance costs over a larger asset base. And unlike banks with $10 billion of assets or more, the midtiers aren't contending with stress testing or caps on interchange fees. Before Dodd-Frank introduced those changes, the larger banks were more profitable than the midtiers, Halsey said.

For three-year return on average equity — the basis for this ranking — the midsize banks posted a median of 8.79%, besting banks in the $10 billion- to $50 billion-asset range (8.03%) and those with less than $2 billion of assets (7.26%).

Midtiers generally have the scale to compete with larger banks for customers. They might never lend to multinationals, but "in our market, our lending limit is large enough that we can handle most clients that we come across," said Steve Stenehjem, chief executive of the $2.1 billion-asset Watford City Bancshares in North Dakota.

His company, the parent of First International Bank & Trust, earned the No. 1 spot in our annual ranking. It's one of 19 banks that are new to the midtier group this year, having grown above $2 billion of assets, and Halsey said he expects the ranks to continue to swell as smaller banks look to gain scale to help offset increased compliance costs.

Among the midtiers, what helps separate the top 20 from the rest is efficiency. The median efficiency ratio for the standouts was 56.48% versus 62.28% for the overall peer group.

But it is not because the top 20 are penny-pinching. "The top-performing banks aren't afraid to spend," Halsey said. "They typically have much higher expense growth rates than many of their counterparts, but they also have higher revenue growth and that allows them to stay more efficient."

The high performers also generate more income from fees. For the top 20, noninterest income as a percentage of average assets was 1.29%, compared with 0.87% for the peer group.

Still, there is some cause for concern in this year's results. Nonperforming loans ticked up slightly across the board — even at Watford, which has seen delinquencies rise as energy exploration has slowed in its state. "We're chasing people around that move out of the area because they lost their oil jobs," said Stenehjem. "They don't think they have to pay us because they now live in North Carolina instead of North Dakota."

 

Banks and Thrifts with $2 Billion to $10 Billion of Assets

Rank Institution Location Total
Assets
($000)
3-Year
Avg.
ROAE (%)
ROAE
(%)
ROAA
(%)
Efficiency
Ratio
(FTE) (%)
Net
Interest
Margin
(FTE) (%)
Net
Income
($000)
Change in
Net Income,
YOY (%)
Net
Loan
Growth,
YOY (%)
Core
Deposit
Growth,
YOY (%)
1 Watford City Bancshares* Watford City, ND 2,137,290 22.54 19.77 1.32 59.00 4.48 38,851 -0.99 17.48 6.60
2 Fremont Bancorp.* Fremont, CA 3,116,932 17.46 12.76 0.95 74.52 3.59 41,735 24.31 8.08 17.55
3 Union Savings Bank* Cincinnati, OH 2,652,711 16.47 14.38 1.46 53.27 2.83 56,232 24.49 10.65 2.01
4 Woodforest Financial Group* The Woodlands, TX 4,690,636 16.13 15.25 1.16 84.38 2.61 78,196 -5.67 13.01 4.03
5 State Bankshares Fargo, ND 3,667,296 15.98 13.20 1.05 73.07 3.98 36,404 -21.09 12.68 18.51
6 Bank of the Ozarks (OZRK) Little Rock, AR 9,879,459 15.38 14.93 2.11 34.89 5.19 182,314 53.74 63.03 34.04
7 Landrum Co. Columbia, MO 2,417,829 15.19 13.27 0.84 67.58 4.00 19,228 13.28 9.52 16.56
8 ServisFirst Bancshares (SFBS) Birmingham, AL 5,095,509 14.93 14.56 1.38 39.61 3.75 63,540 21.31 25.55 24.11
9 First Security Bancorp Searcy, AR 5,050,124 14.27 12.49 2.15 40.83 5.55 105,809 4.21 8.68 11.52
10 Amboy Bancorp.* Old Bridge, NJ 2,289,755 14.26 7.85 0.68 80.45 3.39 21,274 -52.04 13.82 5.27
11 First Financial Bankshares (FFIN) Abilene, TX 6,665,070 13.78 13.60 1.61 47.18 4.12 100,381 12.08 14.05 11.41
12 USAmeriBancorp (USAB) Clearwater, FL 3,632,449 13.56 12.66 1.03 52.70 3.63 34,927 28.07 16.76 36.37
13 Heartland Bancorp* Bloomington, IL 2,993,255 13.44 12.85 1.34 56.51 4.08 48,684 2.62 21.86 20.13
14 Stock Yards Bancorp (SYBT) Louisville, KY 2,816,801 13.36 13.55 1.44 56.45 3.67 37,187 6.79 9.20 16.11
15 Alpine Banks of Colo. Glenwood Springs, CO 2,744,250 13.18 13.75 1.06 69.76 4.18 27,625 8.17 16.19 17.05
16 Stockman Financial Corp.* Miles City, MT 3,212,859 13.14 13.34 1.22 51.55 3.48 57,646 16.85 8.59 7.75
17 City Holding Co. (CHCO) Charleston, WV 3,714,059 13.11 13.03 1.52 54.04 3.76 54,097 2.14 8.03 11.92
18 German American Bancorp (GABC) Jasper, IN 2,373,701 13.03 12.47 1.33 56.28 3.70 30,064 6.07 8.43 5.14
19 First Bancshares Merrillville, IN 3,130,772 12.74 12.21 1.11 59.43 3.62 31,656 4.49 15.55 16.59
20 Fidelity Southern Corp. (LION) Atlanta, GA 3,849,063 12.71 13.85 1.16 70.98 3.24 39,135 30.29 25.86 31.28
21 Lakeland Financial Corp. (LKFN) Warsaw, IN 3,766,286 12.51 12.26 1.29 48.98 3.20 46,367 5.85 11.88 9.16
22 Canandaigua National Corp. (CNND) Canandaigua, NY 2,271,509 12.51 12.04 0.95 64.51 3.43 20,991 1.78 6.51 7.64
23 Wilshire Bancorp (WIBC) Los Angeles, CA 4,713,468 12.29 11.84 1.36 50.40 3.56 61,405 4.06 15.93 21.47
24 Inwood Bancshares* Dallas, TX 2,203,045 12.29 13.95 1.29 48.70 3.49 39,509 24.41 15.41 20.40
25 Talmer Bancorp (TLMR) Troy, MI 6,595,890 12.26 8.04 0.95 65.97 3.74 60,129 -33.82 12.21 1.23
26 Home BancShares (HOMB) Conway, AR 9,289,122 12.13 12.77 1.68 39.45 4.98 138,199 22.23 31.38 19.94
27 First South Bancorp* Nashville, TN 2,887,730 12.09 14.19 1.26 73.95 3.98 45,063 38.82 23.69 31.52
28 Fishback Financial Corp. Brookings, SD 2,048,735 12.01 10.53 1.24 61.08 4.21 24,847 0.05 7.57 3.76
29 Eagle Bancorp (EGBN) Bethesda, MD 6,076,649 11.94 11.40 1.49 42.00 4.37 84,167 55.12 15.83 22.01
30 Arrow Financial Corp. (AROW) Glens Falls, NY 2,446,188 11.92 11.86 1.05 58.12 3.17 24,662 5.57 11.46 8.46
31 CVB Financial Corp. (CVBF) Ontario, CA 7,671,200 11.90 10.87 1.31 42.64 3.62 99,145 -4.69 5.34 7.84
32 Park National Corp. (PRK) Newark, OH 7,311,354 11.90 11.40 1.11 60.78 3.39 81,012 -3.51 4.95 9.12
33 Hometown Community Bancorp* Morton, IL 3,062,072 11.89 11.40 1.04 51.30 3.14 42,900 5.08 5.24 8.17
34 Washington Trust Bancorp (WASH) Westerly, RI 3,771,604 11.84 12.00 1.19 57.48 3.12 43,465 6.47 5.13 11.68
35 CNB Financial Corp. (CCNE) Clearfield, PA 2,285,136 11.79 11.23 0.99 59.92 3.65 22,197 -3.80 16.70 -2.36
36 Westamerica Bancorp. (WABC) San Rafael, CA 5,168,875 11.79 11.32 1.16 51.34 3.36 58,753 -3.12 -9.90 7.30
37 Educational Services of America Farragut, TN 3,572,047 11.65 10.84 1.05 61.10 3.02 35,279 -6.92 9.36 32.78
38 Institution for Savings Newburyport, MA 2,492,076 11.53 9.66 1.06 72.82 2.26 23,474 -16.45 32.61 9.40
39 Century Bancorp (CNBKA) Medford, MA 3,947,441 11.47 11.26 0.59 64.51 2.18 23,021 5.31 30.51 10.49
40 Farmers & Merchants Bancorp (FMCB) Lodi, CA 2,615,345 11.39 11.21 1.12 55.08 3.87 27,392 7.83 16.58 12.52
41 Exchange Bank (EXSR) Santa Rosa, CA 2,062,508 11.39 12.59 1.08 65.48 3.53 21,028 18.74 4.79 12.80
42 Amarillo National Bancorp* Amarillo, TX 3,838,126 11.38 9.65 1.15 50.26 3.48 67,997 -13.41 -3.51 0.27
43 WSFS Financial Corp. (WSFS) Wilmington, DE 5,585,962 11.35 10.24 1.05 57.79 3.82 53,533 -0.42 18.06 9.36
44 First American Bank Corp.* Elk Grove Village, IL 3,458,074 11.32 9.31 0.68 74.53 2.65 29,398 -3.05 2.92 9.18
45 American Chartered Bancorp Schaumburg, IL 2,828,114 11.28 17.75 1.14 53.79 3.49 31,989 86.09 7.35 6.12
46 Tompkins Financial Corp. (TMP) Ithaca, NY 5,689,995 11.27 11.53 1.07 63.29 3.38 58,552 12.23 11.17 8.23
47 Durant Bancorp* Durant, OK 3,161,259 11.21 11.17 0.97 71.35 3.74 42,727 20.80 28.06 23.76
48 Burke & Herbert Bank & Trust (BHRB) Alexandria, VA 2,665,190 11.10 10.00 1.18 63.19 3.68 30,875 -8.25 10.80 6.30
49 North American Bancshares Sherman, TX 2,349,444 11.09 11.81 1.36 51.50 3.88 30,066 15.60 2.37 10.37
50 Enterprise Financial Services (EFSC) Clayton, MO 3,608,483 11.09 11.47 1.14 55.07 3.86 38,450 41.50 11.92 22.22
51 Hanmi Financial Corp. (HAFC) Los Angeles, CA 4,234,521 11.04 11.30 1.32 62.17 3.90 53,823 8.16 14.66 9.38
52 TrustCo Bank Corp NY (TRST) Glenville, NY 4,734,992 11.04 10.41 0.89 55.06 3.09 42,238 -4.42 4.39 4.30
53 Pinnacle Bancorp* Omaha, NE 9,337,686 10.93 11.13 1.14 56.18 3.48 146,021 15.92 16.63 19.61
54 Hills Bancorp. (HBIA) Hills, IA 2,493,607 10.92 10.79 1.19 54.98 3.46 28,418 5.35 7.06 8.16
55 Boston Private Financial (BPFH) Boston, MA 7,542,508 10.88 9.50 0.98 68.46 2.92 69,332 -5.75 8.61 12.34
56 Preferred Bank (PFBC) Los Angeles, CA 2,598,846 10.86 11.81 1.35 39.74 3.92 29,743 20.95 28.79 35.02
57 Merchants Bancshares (MBVT) South Burlington, VT 2,021,237 10.83 9.69 0.71 67.75 2.94 12,618 4.07 19.80 18.21
58 INTRUST Financial Corp.* Wichita, KS 4,431,618 10.81 12.13 0.74 68.83 2.64 48,573 15.53 6.58 -0.59
59 American National Corp.* Omaha, NE 2,962,197 10.81 10.71 0.98 61.28 3.70 38,107 -3.32 17.19 14.96
60 Glacier Bancorp (GBCI) Kalispell, MT 9,089,232 10.72 10.84 1.36 54.47 4.00 116,127 2.99 13.63 13.95
61 Longview Financial Corp. Longview, TX 2,205,257 10.47 10.18 1.03 59.66 3.45 21,363 9.78 15.48 10.74
62 Horizon Bancorp (HBNC) Michigan City, IN 2,652,401 10.47 9.36 0.87 65.03 3.45 20,549 13.52 27.36 26.32
63 BancFirst Corp. (BANF) Oklahoma City, OK 6,692,829 10.46 10.38 1.01 63.60 3.12 66,170 3.57 10.06 1.74
64 Customers Bancorp (CUBI) Wyomissing, PA 8,401,313 10.46 11.51 0.81 50.61 2.81 58,583 35.56 26.21 26.30
65 First of Long Island Corp. (FLIC) Glen Head, NY 3,130,343 10.46 10.64 0.89 50.56 2.94 25,890 12.50 24.67 19.19
66 Wilson Bank Holding Co. (WBHC) Lebanon, TN 2,021,604 10.44 11.17 1.23 59.41 3.80 23,863 14.85 8.51 14.28
67 First State Bancshares Farmington, MO 2,074,439 10.35 10.85 1.10 67.12 3.73 19,906 14.77 23.17 25.07
68 Community Trust Bancorp (CTBI) Pikeville, KY 3,903,934 10.32 9.97 1.23 56.20 3.81 46,432 7.35 5.09 9.55
69 BBCN Bancorp (BBCN) Los Angeles, CA 7,912,648 10.31 10.11 1.25 47.63 3.88 92,258 4.11 11.84 14.05
70 Financial Institutions (FISI) Warsaw, NY 3,381,024 10.23 9.78 0.87 61.49 3.28 28,337 -3.47 9.18 12.65
71 MidWestOne Financial (MOFG) Iowa City, IA 2,979,975 10.12 9.84 0.91 58.54 3.71 25,118 35.61 87.95 93.84
72 Great Southern Bancorp (GSBC) Springfield, MO 4,104,189 10.11 10.60 1.14 60.34 4.53 46,502 6.83 9.80 4.58
73 First Interstate BancSystem (FIBK) Billings, MT 8,728,196 10.09 9.37 1.02 61.61 3.46 86,795 2.84 7.18 2.88
74 TriCo Bancshares (TCBK) Chico, CA 4,220,722 10.02 10.04 1.11 63.70 4.32 43,818 67.83 10.64 8.89
75 Dime Community Bancshares (DCOM) Brooklyn, NY 5,032,872 9.94 9.40 0.96 48.52 2.89 44,772 1.19 14.08 31.62
76 W.T.B. Financial Corp. (WTBFB) Spokane, WA 5,305,272 9.93 10.21 0.94 65.75 3.42 46,360 10.74 6.17 13.74
77 QCR Holdings (QCRH) Moline, IL 2,593,198 9.84 8.79 0.66 63.12 3.37 16,928 13.21 10.27 16.29
78 RCB Holding Co.* Claremore, OK 2,494,884 9.67 9.34 0.91 62.06 3.46 30,462 2.63 5.66 8.11
79 CoBiz Financial Inc. (COBZ) Denver, CO 3,351,767 9.63 8.77 0.83 68.12 3.86 26,069 -10.13 12.04 13.48
80 Farmers & Merchants Lincoln, NE 3,397,868 9.56 8.71 0.91 65.28 3.12 29,548 5.38 9.65 7.94
81 Cardinal Financial Corp. (CFNL) McLean, VA 4,029,921 9.51 11.76 1.29 56.66 3.37 47,334 44.83 18.83 14.04
82 Flushing Financial Corp. (FFIC) Uniondale, NY 5,704,634 9.50 9.93 0.86 59.21 3.04 46,209 4.45 15.35 13.00
83 Heartland Financial USA (HTLF) Dubuque, IA 7,694,754 9.43 10.38 0.89 72.01 3.94 60,042 43.30 28.68 32.61
84 1st Source Corp. (SRCE) South Bend, IN 5,187,916 9.41 9.05 1.15 62.98 3.60 57,486 -1.00 8.27 6.16
85 First Mid-Illinois Bancshares (FMBH) Mattoon, IL 2,114,499 9.39 8.83 0.91 60.45 3.38 16,512 6.80 20.84 41.31
86 Community Bank (CYHT) Pasadena, CA 3,550,255 9.38 9.13 0.79 58.84 3.30 27,765 7.59 6.53 7.91
87 Bank of Marin Bancorp (BMRC) Novato, CA 2,031,134 9.34 8.84 0.98 59.30 3.89 18,441 -6.73 6.53 11.74
88 S&T Bancorp (STBA) Indiana, PA 6,318,354 9.29 8.94 1.13 53.83 3.56 67,081 15.84 31.15 24.36
89 Enterprise Bancorp (EBTC) Lowell, MA 2,285,531 9.27 9.29 0.76 70.17 3.97 16,148 10.22 11.22 15.88
90 ANB Corp. Terrell, TX 2,748,548 9.27 9.05 0.81 68.94 3.49 20,750 7.78 7.20 7.34
91 Ameris Bancorp (ABCB) Moultrie, GA 5,588,940 9.25 8.30 0.85 60.88 4.12 40,847 5.49 37.47 52.44
92 Camden National Corp. (CAC) Camden, ME 3,709,871 9.22 7.54 0.70 59.69 3.19 20,952 -14.73 41.59 39.49
93 Bryn Mawr Bank Corp. (BMTC) Bryn Mawr, PA 3,030,997 9.19 4.49 0.57 62.28 3.75 16,754 -39.83 37.80 31.69
94 Community Bank System (CBU) De Witt, NY 8,552,669 9.19 8.87 1.17 57.89 3.73 91,230 -0.13 13.48 17.56
95 Independent Bank Corp. (INDB) Rockland, MA 7,210,038 9.18 8.79 0.93 62.66 3.40 64,960 8.55 11.69 16.34
96 First Foundation Inc. (FFWM) Irvine, CA 2,592,579 9.17 8.09 0.77 70.12 3.39 13,378 59.38 51.77 48.42
97 Pinnacle Financial Partners (PNFP) Nashville, TN 8,715,414 9.15 10.06 1.34 54.28 3.64 95,509 35.53 43.84 41.26
98 Meta Financial Group (CASH) Sioux Falls, SD 2,960,234 9.11 8.10 0.75 76.73 2.79 18,518 20.99 24.84 47.77
99 South Plains Financial* Lubbock, TX 2,536,865 9.04 9.64 0.71 78.43 3.76 22,932 17.23 10.51 9.71
100 ConnectOne Bancorp (CNOB) Englewood Cliffs, NJ 4,016,721 8.95 8.84 1.13 40.90 3.55 41,311 122.52 21.71 12.21
101 Chemical Financial Corp. (CHFC) Midland, MI 9,188,797 8.92 9.44 1.02 59.03 3.58 86,830 39.78 28.22 22.54
102 MainSource Financial (MSFG) Greensburg, IN 3,385,408 8.90 9.56 1.10 64.45 3.74 35,542 22.58 10.20 9.31
103 First Defiance Financial (FDEF) Defiance, OH 2,297,676 8.90 9.52 1.19 61.37 3.80 26,423 8.77 9.58 7.38
104 HomeStreet (HMST) Seattle, WA 4,894,495 8.87 9.35 0.91 82.89 3.62 41,319 85.63 41.26 27.97
105 Dacotah Banks (DBIN) Aberdeen, SD 2,235,201 8.85 9.10 0.98 62.18 4.10 21,244 14.27 3.98 3.68
106 Mercantile Bank Corp. (MBWM) Grand Rapids, MI 2,903,556 8.82 8.19 0.94 64.27 3.83 27,020 55.91 9.32 9.55
107 Oritani Financial Corp. (ORIT) Township of Washington, NJ 3,512,991 8.81 10.56 1.64 42.58 3.08 54,728 33.78 11.24 14.48
108 Commerce Bancshares Worcester, MA 2,014,295 8.80 7.35 0.61 59.62 2.93 10,846 -6.20 10.43 -3.09
109 Franklin Financial Network (FSB) Franklin, TN 2,167,792 8.79 9.52 0.92 56.40 3.62 16,080 91.11 63.50 24.86
110 First Merchants Corp. (FRME) Muncie, IN 6,761,003 8.61 8.67 1.07 59.23 3.79 65,384 8.68 19.99 16.25
111 NBT Bancorp Inc. (NBTB) Norwich, NY 8,262,646 8.54 8.70 0.96 62.34 3.50 76,425 1.80 5.27 8.38
112 Suffolk Bancorp (SCNB) Riverhead, NY 2,168,592 8.54 9.27 0.89 64.54 3.98 17,687 15.64 20.89 16.35
113 OceanFirst Financial Corp. (OCFC) Toms River, NJ 2,593,068 8.54 8.92 0.82 63.27 3.25 20,322 2.02 16.56 9.68
114 Bridge Bancorp (BDGE) Bridgehampton, NY 3,781,959 8.52 7.91 0.71 56.00 3.55 21,111 53.39 80.97 50.72
115 WesBanco (WSBC) Wheeling, WV 8,470,298 8.44 7.62 0.99 56.47 3.41 80,762 15.42 24.31 20.44
116 Carter Bank & Trust (CARE) Martinsville, VA 4,893,968 8.43 9.52 0.82 52.14 2.39 39,158 17.03 13.73 5.43
117 Sandy Spring Bancorp (SASR) Olney, MD 4,655,380 8.42 8.73 1.01 61.05 3.44 45,355 18.73 11.93 5.10
118 First Financial Bancorp. (FFBC) Cincinnati, OH 8,147,411 8.39 9.33 1.00 59.36 3.66 75,063 15.48 13.11 8.45
119 BNC Bancorp (BNCN) High Point, NC 5,668,183 8.34 9.52 0.94 55.34 4.16 44,450 51.24 36.53 43.37
120 New York Private Bank & Trust New York, NY 6,791,245 8.27 9.33 1.27 64.58 3.59 80,130 80.12 -1.74 24.21
121 Lakeland Bancorp (LBAI) Oak Ridge, NJ 3,869,550 8.18 8.28 0.89 62.02 3.47 32,481 4.34 11.88 5.64
122 Guaranty Bancorp (GBNK) Denver, CO 2,368,525 8.18 10.42 1.01 61.85 3.67 22,454 66.18 17.95 3.31
123 Broadway Bancshares* San Antonio, TX 3,263,535 8.13 8.54 0.99 62.39 3.52 36,568 12.26 9.93 4.71
124 South State Corp. (SSB) Columbia, SC 8,557,348 8.12 9.67 1.21 59.42 4.54 99,473 31.86 4.69 15.00
125 Happy Bancshares Canyon, TX 2,857,018 8.12 8.84 0.92 69.74 3.95 24,660 31.25 8.18 9.33
126 First Financial Corp. (THFF) Terre Haute, IN 2,979,585 8.06 7.46 1.01 65.11 4.04 30,196 -10.59 -1.06 2.31
127 Luther Burbank Corp.* Santa Rosa, CA 4,363,234 8.05 6.63 0.59 68.12 2.17 35,391 2.27 11.77 94.07
128 Farmers & Merchants Bank (FMBL) Long Beach, CA 6,153,600 8.04 7.79 1.12 59.32 3.63 64,948 4.07 8.90 14.89
129 Banner Corp. (BANR) Walla Walla, WA 9,796,298 7.98 5.56 0.72 68.00 4.10 45,222 -16.36 93.76 114.20
130 Independent Bank Group* (IBTX) McKinney, TX 5,055,000 7.92 6.85 0.88 57.29 4.05 38,786 33.85 24.69 31.17
131 Pacific Premier Bancorp (PPBI) Irvine, CA 2,790,646 7.89 9.31 0.97 55.78 4.25 25,515 53.56 38.92 40.72
132 Community Bancshares of Miss. Brandon, MS 2,702,036 7.87 6.97 0.66 72.16 3.95 17,100 -12.55 4.07 10.42
133 First Busey Corp. (BUSE) Champaign, IL 3,998,976 7.87 8.91 0.99 61.50 3.10 39,006 19.02 9.35 17.73
134 Metro Bancorp ‡ Harrisburg, PA 2,905,373 7.76 7.41 0.68 66.15 3.68 20,215 -4.13 1.42 -0.63
135 TowneBank (TOWN) Portsmouth, VA 6,296,574 7.76 8.16 1.09 64.10 3.45 65,665 46.15 27.32 19.38
136 National Penn Bancshares Allentown, PA 9,598,902 7.76 9.68 1.16 55.07 3.25 110,691 12.14 1.16 1.13
137 BancPlus Corp. Ridgeland, MS 2,598,079 7.73 7.96 0.83 75.61 3.51 21,309 7.73 15.17 9.55
138 Stonegate Bank (SGBK) Pompano Beach, FL 2,380,438 7.71 9.19 1.10 50.94 4.21 25,159 96.83 42.29 43.94
139 Peapack-Gladstone Financial (PGC) Bedminster, NJ 3,364,659 7.68 7.71 0.64 61.06 2.80 19,972 34.13 33.14 22.31
140 Univest Corp. of Pa. (UVSP) Souderton, PA 2,879,451 7.62 7.58 0.98 65.87 3.96 27,268 22.66 34.60 20.56
141 Central Bancshares Lexington, KY 2,192,412 7.48 7.99 0.80 78.38 3.72 17,138 7.44 2.23 10.82
142 Renasant Corp. (RNST) Tupelo, MS 7,926,496 7.46 7.76 0.99 62.84 4.16 68,014 14.15 40.92 33.72
143 Heritage Commerce Corp (HTBK) San Jose, CA 2,361,579 7.42 8.04 0.86 63.12 4.41 16,497 22.86 25.73 60.57
144 First Midwest Bancorp (FMBI) Itasca, IL 9,732,676 7.35 7.25 0.85 63.14 3.68 82,064 18.41 6.43 4.96
145 First National Bank Alaska (FBAK) Anchorage, AK 3,569,426 7.27 7.57 1.04 60.24 3.38 36,125 10.83 12.33 10.93
146 Columbia Banking System (COLB) Tacoma, WA 8,951,697 7.14 7.93 1.14 59.45 4.35 98,827 21.15 6.96 8.80
147 Salem Five Bancorp Salem, MA 3,845,568 7.13 6.72 0.72 67.46 2.72 26,686 2.61 9.96 12.47
148 Sturm Financial Group* Denver, CO 2,466,551 7.06 9.91 0.68 70.58 3.13 24,485 48.10 13.07 6.45
149 Simmons First National Corp. (SFNC) Pine Bluff, AR 7,559,658 7.05 7.71 1.04 59.07 4.55 74,364 108.37 80.23 64.60
150 Brookline Bancorp (BRKL) Boston, MA 6,042,338 7.04 7.90 0.90 56.82 3.54 52,368 15.54 3.81 7.21
151 First Community Bancshares (FCBC) Bluefield, VA 2,462,276 7.01 7.05 0.97 62.92 3.93 24,540 -3.73 0.92 2.52
152 Southwest Bancorp (OKSB) Stillwater, OK 2,357,022 6.98 6.23 0.84 68.34 3.35 17,407 -17.23 27.84 20.24
153 Provident Financial Services (PFS) Iselin, NJ 8,911,657 6.98 7.12 0.96 57.90 3.17 83,722 13.70 7.51 4.39
154 LegacyTexas Financial Group (LTXB) Plano, TX 7,691,940 6.88 9.12 1.10 52.15 4.00 70,916 126.73 79.38 93.77
155 CU Bancorp (CUNB) Los Angeles, CA 2,634,642 6.85 7.26 0.85 57.90 3.83 21,236 138.39 12.74 18.35
156 1867 Western Financial Corp. (WFCL) Stockton, CA 2,615,778 6.85 8.78 1.30 53.23 3.81 30,443 55.31 16.40 13.17
157 OFG Bancorp (OFG) San Juan, PR 7,099,149 6.78 -0.27 -0.03 61.90 5.13 -2,504 NM -8.13 -10.11
158 Union Bankshares Corp. (UBSH) Richmond, VA 7,693,291 6.65 6.76 0.90 62.25 3.89 67,079 28.59 5.92 10.10
159 CBFH Beaumont, TX 2,883,546 6.62 7.16 0.84 61.30 3.78 24,136 5.67 11.66 10.14
160 Bangor Bancorp, MHC Bangor, ME 3,306,891 6.61 6.48 0.71 75.62 3.18 22,531 3.09 6.93 5.11
161 First Bancorp (FBNC) Southern Pines, NC 3,362,065 6.47 7.18 0.84 68.78 4.13 27,034 8.15 5.64 12.57
162 West Suburban Bancorp (WNRP) Lombard, IL 2,172,276 6.47 7.40 0.68 72.32 3.11 14,704 7.10 0.91 5.00
163 Columbia Bank MHC Fair Lawn, NJ 4,815,697 6.33 7.33 0.64 65.26 2.63 30,621 27.38 7.10 7.47
164 First Commonwealth Financial (FCF) Indiana, PA 6,566,890 6.29 6.98 0.78 62.60 3.28 50,143 12.80 5.24 3.47
165 Origin Bancorp Ruston, LA 3,971,343 6.21 7.48 0.76 67.63 3.43 29,078 68.49 3.67 11.21
166 Heritage Financial Corp. (HFWA) Olympia, WA 3,650,792 6.09 8.08 1.06 65.51 4.08 37,489 78.40 6.78 12.82
167 El Dorado Savings Bank Placerville, CA 2,028,660 6.04 6.18 0.62 63.92 2.23 12,044 1.45 7.15 12.53
168 Cambridge Financial Group Cambridge, MA 3,184,365 5.88 6.14 0.62 69.45 2.99 17,873 13.77 13.21 21.12
169 Green Bancorp (GNBC) Houston, TX 3,786,157 5.85 4.68 0.58 54.46 3.84 15,439 4.73 73.65 44.40
170 Middlesex Bancorp MHC Natick, MA 4,286,554 5.83 5.42 0.67 66.45 2.79 28,543 -4.31 8.77 4.93
171 Berkshire Hills Bancorp (BHLB) Pittsfield, MA 7,831,915 5.70 6.14 0.68 64.70 3.30 49,518 46.75 22.18 12.61
172 Northwest Bancshares (NWBI) Warren, PA 8,951,899 5.68 5.49 0.73 65.53 3.49 60,540 -2.29 20.89 18.48
173 Peoples Bancorp Inc. (PEBO) Marietta, OH 3,258,970 5.59 2.69 0.35 69.16 3.51 10,941 -34.42 28.01 41.35
174 Standard Bancshares Hickory Hills, IL 2,444,533 5.58 7.84 0.83 64.58 3.51 20,454 43.10 5.39 16.17
175 Dollar Bank Pittsburgh, PA 7,347,353 5.49 5.37 0.59 71.38 2.83 41,849 14.11 7.01 7.11
176 Cape Cod Five Mutual Co. Orleans, MA 2,892,683 5.44 5.59 0.51 77.87 2.96 14,214 16.44 8.17 9.42
177 Meridian Bancorp (EBSB) Peabody, MA 3,524,509 5.42 4.19 0.74 61.69 3.31 24,607 10.21 15.10 3.24
178 Park Sterling Corp. (PSTB) Charlotte, NC 2,514,264 5.41 5.90 0.68 69.89 3.70 16,606 28.84 9.70 7.30
179 Mutual of Omaha Bank Omaha, NE 7,025,122 5.41 5.61 0.62 69.51 3.33 42,632 21.29 6.99 15.71
180 Grandpoint Capital (GPNC) Los Angeles, CA 3,196,988 5.40 8.64 1.00 54.25 3.90 29,744 73.23 14.97 10.22
181 Yadkin Financial Corp. (YDKN) Raleigh, NC 4,474,144 5.39 7.98 1.04 56.63 4.28 44,627 105.61 6.99 6.37
182 CenterState Banks (CSFL) Davenport, FL 4,022,717 5.38 8.35 1.00 61.86 4.51 39,338 203.44 6.73 7.24
183 Lone Star National McAllen, TX 2,203,708 5.34 4.35 0.49 84.03 3.45 10,627 -9.52 -6.66 9.93
184 Republic Bancorp (RBCAA) Louisville, KY 4,230,289 5.31 6.12 0.88 65.39 3.27 35,166 22.16 9.31 24.74
185 Eastern Bank Corp. Boston, MA 9,589,013 5.29 5.33 0.65 76.17 3.18 62,563 13.65 5.46 8.02
186 Liberty Bank Middletown, CT 3,989,410 5.22 4.52 0.71 77.38 3.17 27,294 -16.02 2.82 8.90
187 State Bank Financial Corp. (STBZ) Atlanta, GA 3,470,067 5.08 5.38 0.84 64.62 4.78 28,423 -8.07 35.86 22.73
188 Capitol Federal Financial (CFFN) Topeka, KS 9,133,422 4.98 5.41 0.70 44.90 1.73 78,339 -2.51 6.44 6.19
189 Parkway Bancorp Harwood Heights, IL 2,305,148 4.94 7.65 0.71 53.69 2.70 15,800 68.12 14.97 7.12
190 Firstrust Savings Bank* Conshohocken, PA 2,755,212 4.93 4.47 0.59 83.48 4.26 22,187 -6.01 7.58 -1.47
191 Valley View Bancshares Overland Park, KS 3,194,727 4.90 5.35 0.88 58.30 3.37 28,392 20.73 6.36 7.11
192 Southern BancShares (SBNC) Mount Olive, NC 2,155,893 4.79 3.69 0.36 83.91 3.58 7,856 25.08 4.49 1.94
193 Bank Mutual Corp. (BKMU) Milwaukee, WI 2,502,167 4.70 5.07 0.59 77.53 3.12 14,177 -3.26 6.62 4.42
194 Capital Bank Financial (CBF) Charlotte, NC 7,449,479 4.46 5.25 0.78 62.37 3.85 54,721 7.47 12.88 7.21
195 Union Savings Bank Danbury, CT 2,198,946 4.13 5.73 0.54 75.29 3.20 12,039 24.40 -1.56 2.49
196 Spencer Savings Bank Elmwood Park, NJ 2,540,709 4.07 4.75 0.53 67.27 2.73 13,210 34.51 4.42 -0.41
197 Carlile Bancshares Fort Worth, TX 2,343,262 3.91 5.60 0.94 67.38 4.08 21,660 64.03 -3.83 -0.30
198 FCB Financial Holdings (FCB) Weston, FL 7,331,486 3.81 6.21 0.82 46.21 3.65 53,391 138.65 32.22 23.12
199 Discount Bancorp New York, NY 9,321,896 3.73 7.33 0.62 56.36 2.15 60,055 167.74 5.40 20.68
200 Home Federal Bank of Tenn. Knoxville, TN 2,169,293 3.61 3.48 0.59 68.27 2.67 12,537 0.14 -0.24 6.77
201 First Connecticut Bancorp (FBNK) Farmington, CT 2,708,546 3.58 5.20 0.48 75.53 2.81 12,579 34.75 10.79 13.23
202 Manufacturers Bank Los Angeles, CA 2,586,927 3.46 4.34 0.52 64.47 2.53 13,164 38.92 7.88 5.69
203 Santander BanCorp San Juan, PR 5,537,749 3.41 0.77 0.15 74.33 4.35 8,596 -84.78 -8.26 -8.21
204 Mercantil Commercebank Coral Gables, FL 8,163,493 3.29 2.19 0.19 84.75 2.25 15,045 -31.90 6.17 -5.13
205 Northfield Bancorp (NFBK) Woodbridge, NJ 3,202,584 3.06 3.41 0.63 63.53 2.83 19,531 -3.63 22.55 22.63
206 Capital City Bank Group (CCBG) Tallahassee, FL 2,797,860 3.00 3.31 0.34 85.00 3.31 9,116 -1.56 4.59 8.82
207 TotalBank Miami, FL 2,761,804 2.98 3.51 0.58 71.81 3.05 15,836 49.59 7.31 11.28
208 Atlantic Capital Bancshares (ACBI) Atlanta, GA 2,638,780 2.91 -0.77 -0.08 69.18 2.98 -1,319 NM 81.59 77.78
209 Brand Group Holdings Lawrenceville, GA 2,240,297 2.85 6.19 0.53 82.20 3.68 10,783 45.97 18.73 46.60
210 Ridgewood Savings Bank Ridgewood, NY 5,206,994 2.65 2.27 0.30 88.24 2.12 15,209 4.93 8.87 1.57
211 HomeTrust Bancshares (HTBI) Asheville, NC 2,728,552 2.61 2.34 0.32 77.24 3.40 8,733 3.42 6.31 2.54
212 Beneficial Bancorp (BNCL) Philadelphia, PA 4,826,695 2.37 2.15 0.48 77.63 2.82 22,893 26.95 22.14 -11.97
213 Kearny Financial Corp. (KRNY) Fairfield, NJ 4,405,046 1.58 0.80 0.18 73.36 2.31 7,310 -24.69 43.28 -0.27
214 Bank Leumi Le-Israel Corp. New York, NY 6,073,477 1.31 9.41 1.09 58.38 2.83 61,822 NM 6.74 18.60
215 National Bank Holdings (NBHC) Greenwood Village, CO 4,683,908 0.81 0.70 0.10 81.95 3.60 4,881 -46.81 19.72 9.86
216 Sun Bancorp (SNBC) Mount Laurel, NJ 2,210,584 -3.91 4.03 0.42 100.10 2.74 10,220 NM 2.65 -21.35
217 Strategic Growth Bancorp El Paso, TX 2,214,138 -6.54 0.07 0.01 113.07 3.67 235 NM 7.77 14.96
  Median for all 217 institutions   3,524,509 8.79 8.84 0.94 62.28 3.53 30,621 11.46 11.17 11.28
  Median for the top 20 institutions   3,171,816 14.02 13.31 1.27 56.48 3.72 40,435 7.48 13.41 16.33
  Average for all institutions   4,355,957 8.55 8.64 0.92 63.01 3.52 40,072 19.3 16.11 16.09
  Average for the top 20 institutions   3,806,491 14.73 13.49 1.30 59.12 3.84 55,249 8.96 16.35 15.7


Notes: Ranking is of top consolidated bank holding companies, banks, and thrifts with total assets of between $2 billion and $10 billion as of 12/31/15 and is based on three-year average return on equity for 2013 to 2015. Additional data is for the year ended 12/31/15; year-over-year changes compare 2015 to 2014. 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, 60 institutions in this asset size range were excluded from the ranking. Ties broken using first the 2015 ROAE and subsequently the 2014 ROAE.

* Denotes institutions that operated as a subchapter S corporation for at least one quarter between 2013 and 2015. Their profitability ratios were calculated from regulatory financials and adjusted using an assumed tax rate.
‡ Metro Bancorp was acquired in February 2016.

Source: Capital Performance Group analysis of data provided by SNL Financial
© 2016 American Banker Magazine

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