Once-highflying community banks encounter turbulence

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 movng 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.