The branch-closing conundrum: Our 2018 ranking of midtier banks

The challenge with retail strategies today is that closing branches is great for cost control but keeping them open is still key to attracting deposits.

As the banks in our annual midtier ranking illustrate, some are doing better than others at figuring out how to balance these competing goals.

For those in the $2 billion-to-$10 billion asset class, the positive trends last year included improved efficiency ratios, as some banks focused on core lines of business and rationalized their branch networks. The overall group of 237 banks that qualified for this ranking had a median efficiency ratio of 59.6%, an improvement of 211 basis points from a year earlier, according to an analysis by Capital Performance Group.

Nonetheless, trouble is looming. Their ratio of net loans to total deposits rose 150 basis points to a median of 93.2% in the same time period.

"It shows that these banks are running out of capacity to lend," said Kevin Halsey, a consultant at CPG who compiled the data for this annual ranking. (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.)

Deposit and loan growth among midtier banks.

In other words, midtier banks aren't growing core deposits fast enough to keep up with rebounding loan demand. Loan growth for the peer group was 8.4% in 2017, compared with core deposit growth of 7.1%.

The ability to keep adding loans is especially important to profitability dynamics in a rising rate environment, Halsey said. And core deposits offer the cheapest, most-stable source of funding for bank loans.

While there are many factors behind deposit trends, a slowdown in core deposit growth can be tied at least in part to banks' having fewer branches. And the midtier banks have accelerated the closure of larger branches, in terms of square feet. According to data from CPG, banks in this asset size range had 1,202 fewer branches at year-end than they did three years earlier, a 10% drop.

See rankings from past years:

Several top performers actually posted ratios of total loans to deposits exceeding 100%, meaning that they don't have enough deposits to fund all of their loans. The $2 billion-asset Stearns Financial Services in St. Cloud, Minn. — which retained its No. 1 spot in the ranking — had a loan-to-deposit ratio of 117%. The $3 billion-asset Sterling Bancorp in Southfield, Mich., had an even higher ratio, at 121%.

Nevertheless, banks will continue to close branches as customers go digital, Halsey said. They have to because efficiency is so important.

But to keep deposits from dropping, high performers will distinguish themselves by reallocating resources from low-growth to high-growth markets, deepening the relationships of existing customers, and developing strong digital offerings, said Halsey, who also wrote this BankThink on how banks can avoid pitfalls that undermine performance.

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

For American Banker subscribers: If you have a paid subscription to American Banker, you can request an Excel chart of this ranking that includes additional data and analysis by Capital Performance Group, for a limited time only. To receive a reply, the request for this subscriber bonus must be received by bonnie.mcgeer@sourcemedia.com no later than June 15 and sent from the email address tied to the subscription. Include the name of the subscriber and the name of the institution in the body of the email. Please put “midtier bank ranking request” in the subject line. Subscriptions will be verified and replies will follow within two weeks.

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The branch-closing conundrum: Our 2018 ranking of midtier banks
Rank Institution/Ticker Location Total Assets ($000) 3-Year Avg. ROAE (%) ROAE (%) ROAA (%) Net Income ($000) Net Interest Margin FTE (%) Efficiency Ratio FTE (%) Net Loan Growth YOY (%) Core Deposit Growth YOY (%) Net Loans/Deposits (%)
1 Stearns Financial Services Saint Cloud, MN 2,129,266 22.81 14.41 2.2 45,552 6.76 39.11 7.61 -10.34 117.15
2 Sterling Bancorp (SBT) Southfield, MI 2,961,958 19.8 20.25 1.54 37,977 4.05 35.25 36.24 34.25 120.58
3 Bessemer Group* Woodbridge, NJ 3,413,062 18.34 22 2.47 116,663 1.14 78.63 14.35 -19.27 27.41
4 Independence Bancshares* Owensboro, KY 2,175,888 18.07 17.62 1.18 30,221 3.8 56.73 15.65 7.11 75.53
5 ServisFirst Bancshares (SFBS) Birmingham, AL 7,082,384 15.86 16.38 1.43 93,092 3.68 34.19 19.15 12.83 95.15
6 Union Savings Bank* Cincinnati, OH 2,746,734 15.19 14.84 1.48 63,962 2.82 47.58 -7.57 -6.73 93.19
7 Hingham Instit. for Savings (HIFS) Hingham, MA 2,284,599 15.04 14.73 1.21 25,757 3.05 30.08 14.22 1.95 121.79
8 Northern Bancorp Woburn, MA 2,069,721 14.94 14.36 1.22 22,804 4.21 41.63 22.37 21.82 108.41
9 Watford City Bancshares* Watford City, ND 2,464,402 14.89 13.83 0.94 31,760 4.23 66 5.08 10.77 81.56
10 State Bankshares Fargo, ND 4,878,243 14.7 13.06 1.23 55,251 3.83 71.09 21.08 15.85 104.29
11 Woodforest Financial Group* The Woodlands, TX 5,453,740 14.4 14.43 1.1 83,508 3.47 84.46 37.57 11.54 78.91
12 West Bancorp. (WTBA) West Des Moines, IA 2,114,377 14.17 13.29 1.18 23,070 3.37 45.66 7.97 14.72 82.51
13 Alpine Banks of Colo. Glenwood Springs, CO 3,482,796 14.06 13.55 1.03 33,636 4.31 62.17 9.72 15.65 73.07
14 Fremont Bancorp.* Fremont, CA 3,981,648 14.05 12.93 0.9 48,968 3.58 73.83 13.79 3.71 88.52
15 INTRUST Financial* Wichita, KS 5,137,201 13.98 15.1 0.81 58,536 2.81 66.94 3.7 -3.29 75.12
16 Inwood Bancshares* Dallas, TX 2,615,431 13.6 13.41 1.27 46,303 3.46 46.23 6.52 12.52 73.15
17 FB Financial Corp.* (FBK) Nashville, TN 4,727,713 13.58 11.26 1.38 52,398 4.46 67.55 57.17 30.5 100.13
18 First Financial (FFIN) Abilene, TX 7,254,715 13.2 13.63 1.72 120,371 4.01 49.29 3.42 10.91 57.9
19 Landrum Co. Columbia, MO 2,798,878 12.9 12.36 0.94 25,076 3.84 67.67 9.52 9.43 67.4
20 Stock Yards Bancorp (SYBT) Louisville, KY 3,239,646 12.88 11.61 1.25 38,043 3.63 60.81 4.51 3.17 92.61
21 Villages Bancorp. The Villages, FL 2,080,571 12.8 13.89 1.35 27,455 2.83 40.89 55.54 7.03 34.22
22 Stockman Financial Corp.* Miles City, MT 3,534,013 12.79 12.49 1.25 63,588 3.74 51.7 6.81 6.53 93.46
23 Preferred Bank (PFBC) Los Angeles, CA 3,769,859 12.79 13.79 1.24 43,394 3.8 35.18 15.63 24.28 89.14
24 Heartland Bancorp* Bloomington, IL 2,968,375 12.56 11.97 1.23 50,911 4.11 57.01 -0.19 1.57 77.39
25 Lakeland Financial (LKFN) Warsaw, IN 4,682,976 12.5 12.72 1.29 57,330 3.32 45.29 9.95 7.54 94.16
26 First Bancshares Merrillville, IN 3,951,273 12.19 11.96 1.02 37,576 3.64 59.13 14.47 10.78 104.8
27 City Holding Co. (CHCO) Cross Lanes, WV 4,132,281 12.05 11.02 1.33 54,310 3.46 51.34 2.71 1.91 93.76
28 NASB Financial (NASB) Grandview, MO 2,011,430 12 11.25 1.3 25,650 3.99 62.36 9.45 -4.61 130.4
29 Fidelity Southern (LION) Atlanta, GA 4,576,858 11.99 10.51 0.89 39,796 3.26 77.49 4.58 14.13 101.08
30 Carolina Financial (CARO) Charleston, SC 3,519,017 11.98 10.17 1.24 28,565 3.88 55.82 95.42 126.97 89.96
31 Arrow Financial (AROW) Glens Falls, NY 2,760,465 11.93 12.14 1.09 29,326 3.17 56.88 11.28 6.6 86.06
32 Washington Trust (WASH) Westerly, RI 4,529,850 11.74 11.26 1.04 45,925 2.93 54.95 4.22 5.97 104.07
33 German American (GABC) Jasper, IN 3,144,360 11.67 11.59 1.35 40,676 3.76 55.79 7.15 6.14 85.85
34 Canandaigua National (CNND) Canandaigua, NY 2,661,716 11.63 10.9 0.85 22,030 3.44 63.28 10.23 5.78 100.04
35 Sturm Financial Group* Denver, CO 2,629,681 11.58 14 0.91 33,868 3.5 64.8 1.18 -0.89 63.92
36 Eagle Bancorp (EGBN) Bethesda, MD 7,479,029 11.58 11.06 1.41 100,232 4.17 37.67 12.37 1.15 108.85
37 First State Bancshares Farmington, MO 2,328,585 11.5 12.4 1.31 28,795 3.81 67.31 11.17 10.46 89.91
38 Park National Corp. (PRK) Newark, OH 7,537,620 11.41 11.15 1.09 84,242 3.48 60.37 1.94 8.62 91.49
39 Exchange Bank (EXSR) Santa Rosa, CA 2,584,092 11.4 9.71 0.86 19,508 3.63 60.3 4.95 22.83 62.19
40 Access National (ANCX) Reston, VA 2,873,894 11.32 5.03 0.67 16,500 3.81 62.53 86.57 132.43 89.3
41 Enterprise Financial (EFSC) Clayton, MO 5,289,225 11.22 9.05 0.97 48,190 3.88 49.44 29.87 27.32 97.62
42 Durant Bancorp* Durant, OK 6,312,040 11.1 9.86 0.86 75,571 4.02 68.8 14.58 4.01 85.82
43 Hometown Community* Morton, IL 3,541,951 11.05 10.96 1.04 49,517 3.13 51.88 5.35 13.04 84.59
44 Great Southern (GSBC) Springfield, MO 4,414,521 10.95 11.32 1.16 51,564 3.74 58.44 -1.11 1.61 103.82
45 Franklin Financial (FSB) Franklin, TN 3,843,526 10.9 9.67 0.82 28,099 3.06 51.8 26.21 24.85 70.96
46 BancFirst Corp. (BANF) Oklahoma City, OK 7,253,156 10.75 11.52 1.22 86,439 3.44 57.76 7.24 3.57 72.9
47 Hanmi Financial Corp. (HAFC) Los Angeles, CA 5,210,485 10.72 9.97 1.1 54,660 3.82 54.41 11.99 11.52 98.42
48 Farmers & Merchants (FMCB) Lodi, CA 3,075,452 10.68 9.66 0.94 28,370 3.88 54.58 1.66 11.78 79.5
49 Luther Burbank* (LBC) Santa Rosa, CA 5,704,380 10.64 16.3 1.27 69,384 2.05 47.76 12.83 1.32 126.83
50 First of Long Island (FLIC) Glen Head, NY 3,894,708 10.59 10.51 0.95 35,122 2.91 47.56 15.95 7.32 103.35
51 Dime Community (DCOM) Brooklyn, NY 6,403,460 10.58 8.94 0.84 51,882 2.54 51.65 -0.62 -1.63 126.74
52 Institution for Savings Newburyport, MA 3,301,691 10.56 12.23 1.22 37,429 2.06 78.44 18.69 29.59 93.97
53 Customers Bancorp (CUBI) Wyomissing, PA 9,839,555 10.51 8.73 0.77 78,837 2.73 59.56 5.28 9.43 127.49
54 Tompkins Financial (TMP) Ithaca, NY 6,648,290 10.51 9.11 0.82 52,622 3.41 61.19 9.64 8.93 95.69
55 ANB Corp. Terrell, TX 2,887,121 10.49 10.38 0.86 23,451 3.8 62 -1.01 1.19 71.4
56 Glacier Bancorp (GBCI) Kalispell, MT 9,706,349 10.47 9.8 1.2 116,377 4.12 53.15 15.27 5.27 85.58
57 Hills Bancorp. (HBIA) Hills, IA 2,963,360 10.43 9.24 1.02 28,061 3.39 53.34 7.74 11.97 106.46
58 CoBiz Financial (COBZ) Denver, CO 3,846,272 10.4 10.27 0.87 32,918 3.85 62.41 7.13 8.03 96.35
59 Wilson Bank (WBHC) Lebanon, TN 2,317,033 10.34 9.06 1.04 23,526 3.82 57.12 3 6.34 85.01
60 CVB Financial (CVBF) Ontario, CA 8,270,586 10.32 9.84 1.26 104,411 3.63 42.89 10.1 3.96 72.88
61 CNB Financial (CCNE) Clearfield, PA 2,768,773 10.3 9.97 0.89 23,860 3.75 60.33 14.07 -0.38 98.12
62 QCR Holdings (QCRH) Moline, IL 3,982,665 10.29 11.51 1.01 35,707 3.78 58.42 23.39 21.74 89.7
63 American National* Omaha, NE 3,570,778 10.28 11.06 1 47,668 3.94 55.44 9.3 9.17 98.76
64 Century Bancorp (CNBK.A) Medford, MA 4,785,572 10.27 8.75 0.48 22,301 2.25 57.82 13.17 3.71 54.88
65 Flushing Financial (FFIC) Uniondale, NY 6,299,274 10.25 7.75 0.66 41,121 2.93 58.75 7.13 6.98 117.64
66 Fishback Financial Brookings, SD 2,715,283 10.23 10.02 1.2 27,057 4.36 59.61 24.68 23.47 91.81
67 First Financial (FFBC) Cincinnati, OH 8,896,923 10.2 10.78 1.12 96,787 3.66 58.28 4.52 7.19 86.59
68 Westamerica Bancorp. (WABC) San Rafael, CA 5,513,046 10.19 8.39 0.92 50,025 3.12 51.66 -4.66 3.3 26.2
69 Longview Financial Longview, TX 2,437,744 10.18 9.67 1.02 24,143 3.62 55.65 3.73 7.56 90.59
70 Heartland Financial (HTLF) Dubuque, IA 9,810,739 10.17 8.63 0.84 75,272 4.19 65.53 19.07 20.59 78.32
71 LegacyTexas Financial (LTXB) Plano, TX 9,086,196 10.09 9.62 1.04 89,494 3.79 44.99 9.62 8.06 114.6
72 Southside Bancshares (SBSI) Tyler, TX 6,498,097 10.07 9.65 0.96 54,312 3.07 50.36 28.64 29.82 72.54
73 Guaranty Bancorp (GBNK) Denver, CO 3,698,890 10.04 10.35 1.12 38,624 3.88 52.2 11.55 6.4 94.65
74 TrustCo Bank Corp (TRST) Glenville, NY 4,908,008 10 9.64 0.88 43,145 3.22 53.72 6.07 2.3 86.08
75 First American Bank Corp.* Elk Grove Village, IL 3,755,553 9.96 8.92 0.69 31,203 2.72 74.62 11.9 8.4 58.81
76 HomeStreet (HMST) Seattle, WA 6,742,041 9.94 10.2 1.05 68,946 3.32 84.99 12.88 6.96 107.49
77 Ameris Bancorp (ABCB) Moultrie, GA 7,856,203 9.87 9.55 1 73,548 3.95 59.49 16.3 21.36 93.84
78 Summit Financial (SMMF) Moorefield, WV 2,134,240 9.85 6.4 0.59 11,915 3.67 52.42 21.84 31.56 99.57
79 Community Trust (CTBI) Pikeville, KY 4,136,231 9.82 9.93 1.27 51,493 3.67 56.02 6.34 4.45 94.61
80 Financial Institutions (FISI) Warsaw, NY 4,105,210 9.8 9.62 0.86 33,526 3.21 58.85 17 3.07 84.2
81 People's Utah Bancorp (PUB) American Fork, UT 2,123,529 9.78 8.18 1.11 19,846 4.81 54 44.13 26.98 89.27
82 Triumph Bancorp (TBK) Dallas, TX 3,499,033 9.77 10.66 1.27 36,220 5.92 63.78 38.76 36.61 106.51
83 Nicolet Bankshares (NCBS) Green Bay, WI 2,932,433 9.68 10.13 1.26 33,433 4.3 57.12 32.99 27.34 84.17
84 Meta Financial Group (CASH) Sioux Falls, SD 5,417,963 9.62 11.46 1.17 48,343 2.65 64.75 35.37 -3.45 42.7
85 First Defiance (FDEF) Defiance, OH 2,993,403 9.6 9.19 1.13 32,268 3.87 60.61 21.22 21.38 95.68
86 W.T.B. Financial (WTBF.B) Spokane, WA 6,246,093 9.52 7.83 0.72 41,798 3.66 65.27 3.95 11.26 70.57
87 National Bank of Ind. Indianapolis, IN 2,118,534 9.5 9.75 0.65 13,338 3.17 68.07 4.45 8.76 76.81
88 MainSource Financial Greensburg, IN 4,647,862 9.45 9.87 1.12 49,438 3.77 59.06 15.41 8.33 86.92
89 1867 Western Financial (WFCL) Stockton, CA 3,004,474 9.44 11.15 1.8 48,737 4.18 49.84 7.18 6.02 69.76
90 Farmers & Merchants Investment Lincoln, NE 3,891,967 9.4 9.71 1.09 40,369 3.32 65.54 7.74 2.45 104.92
91 South Plains Financial* Lubbock, TX 2,573,375 9.35 8.39 0.68 23,635 3.84 77.6 10.82 2.63 85.7
92 Independent Bank Corp. (INDB) Rockland, MA 8,082,029 9.26 9.55 1.11 87,204 3.6 57.51 5.98 5.59 93.62
93 Heritage Commerce (HTBK) San Jose, CA 2,843,452 9.21 8.86 0.86 23,828 3.99 52.24 5.18 12.32 63.09
94 TriCo Bancshares (TCBK) Chico, CA 4,761,315 9.2 8.1 0.89 40,554 4.22 64.42 9.5 4.04 74.57
95 RCB Holding Co.* Claremore, OK 2,794,861 9.2 9.61 0.92 34,369 3.61 62.59 8.17 -0.68 69.85
96 Sandy Spring Bancorp (SASR) Olney, MD 5,446,675 9.18 9.66 1.02 53,209 3.55 55.14 9.8 9.47 107.95
97 1st Source Corp. (SRCE) South Bend, IN 5,887,284 9.15 9.69 1.21 68,051 3.57 61.63 8.03 6.23 93.54
98 Enterprise Bancorp (EBTC) Lowell, MA 2,817,564 9.07 8.58 0.73 19,393 3.97 65.71 12.26 2.77 91.64
99 WSFS Financial Corp. (WSFS) Wilmington, DE 6,999,540 9.06 6.92 0.74 50,244 3.94 60.19 6.85 8.57 91.61
100 Sierra Bancorp (BSRR) Porterville, CA 2,340,298 9.04 8.82 0.93 19,539 4.04 63.04 23.56 18.79 78.03
101 First Mid-Illinois (FMBH) Mattoon, IL 2,841,539 9 8.92 0.94 26,684 3.7 54.65 6.1 -2.34 84.39
102 First Busey Corp. (BUSE) Champaign, IL 7,860,640 8.99 8.48 1 62,726 3.58 56.11 36.05 33.47 90.77
103 Revere Bank (REVB) Laurel, MD 2,098,845 8.94 9.08 0.81 16,271 3.78 54.39 14.19 23.19 100.27
104 Peapack-Gladstone (PGC) Bedminster, NJ 4,260,547 8.92 10.12 0.89 36,497 2.8 58.58 11.81 7.75 99.21
105 River City Bank (RCBC) Sacramento, CA 2,037,816 8.89 9.24 0.86 16,684 2.83 34.87 14.52 17.08 93.23
106 Burke & Herbert (BHRB) Alexandria, VA 3,089,284 8.88 8.25 0.91 27,806 3.34 66.64 11.77 4.85 80.04
107 Bar Harbor Bankshares (BHB) Bar Harbor, ME 3,565,184 8.88 7.41 0.75 25,993 3.1 55.45 121.1 134.44 105.15
108 Oritani Financial Corp. (ORIT) Washington Twp., NJ 4,122,391 8.86 7.71 1.05 43,123 2.76 34.66 6 11.58 121.75
109 Alerus Financial Corp. (ALRS) Grand Forks, ND 2,137,058 8.84 8.74 0.77 15,444 3.76 74.82 13.66 5.56 85.88
110 First Merchants Corp. (FRME) Muncie, IN 9,367,478 8.83 8.65 1.17 96,070 4.02 51.58 31.65 29.61 93.18
111 Mercantile Bank Corp. (MBWM) Grand Rapids, MI 3,286,704 8.79 8.82 1 31,274 3.79 60.57 7.56 11.26 100.66
112 Amboy Bancorp.* Old Bridge, NJ 2,483,064 8.76 8.58 0.92 33,255 3.5 52.65 -3.42 6.74 87.96
113 Lakeland Bancorp (LBAI) Oak Ridge, NJ 5,405,639 8.76 9.25 1 52,580 3.38 53.65 7.2 2.36 94.25
114 Old Second Bancorp (OSBC) Aurora, IL 2,383,429 8.73 7.89 0.65 15,138 3.7 61.56 9.31 5.16 83.43
115 NBT Bancorp (NBTB) Norwich, NY 9,136,812 8.72 8.71 0.91 82,151 3.47 59.6 6.24 4.3 90.86
116 Central Pacific Financial (CPF) Honolulu, HI 5,623,708 8.7 8.02 0.75 41,203 3.28 62.68 6.77 8.29 75.4
117 Horizon Bancorp (HBNC) Michigan City, IN 3,964,303 8.67 8.74 0.97 33,117 3.81 59.82 32.38 15.81 97.84
118 S&T Bancorp (STBA) Indiana, PA 7,060,255 8.66 8.37 1.03 72,968 3.56 51.52 2.64 3.64 105.19
119 BancPlus Corp. Ridgeland, MS 2,714,204 8.58 11.41 0.9 24,627 3.74 70.17 5.5 0.48 89.98
120 Amarillo National Bancorp* Amarillo, TX 3,977,055 8.57 9.6 1.29 76,718 3.64 50.06 5.44 0.55 97.06
121 Broadway Bancshares* San Antonio, TX 3,639,676 8.56 9.18 0.96 44,194 3.64 62.98 16.19 2.17 63.76
122 Home Bancorp (HBCP) Lafayette, LA 2,228,121 8.55 8.63 1.04 16,824 4.46 57.23 35.21 51.24 88.35
123 Bank of Marin (BMRC) Novato, CA 2,468,154 8.52 6.49 0.75 15,976 3.85 59.36 13.06 22.66 77.41
124 Happy Bancshares Canyon, TX 3,414,764 8.5 7.18 0.77 24,625 3.79 72.97 8.9 -7.9 88.02
125 Pacific Premier (PPBI) Irvine, CA 8,024,501 8.45 6.75 0.99 60,100 4.43 50.96 91.79 94.34 101.73
126 First Foundation (FFWM) Irvine, CA 4,541,185 8.39 8.64 0.71 27,582 2.93 63.02 36.13 41.57 110.34
127 Camden National (CAC) Camden, ME 4,065,398 8.34 7 0.71 28,476 3.23 55.9 6.96 8.63 92.2
128 Boston Private Financial (BPFH) Boston, MA 8,311,744 8.33 5.65 0.55 45,059 3.04 68.79 6.54 6.45 98.84
129 Independent Bank Corp. (IBCP) Grand Rapids, MI 2,789,355 8.31 7.82 0.77 20,475 3.65 69.41 25.35 6.31 84.8
130 Bear State Financial Little Rock, AR 2,161,558 8.29 10.55 0.47 10,274 3.83 57.27 6.99 -2.74 110.49
131 Community Bank (CYHT) Pasadena, CA 3,747,398 8.29 7.71 0.72 26,724 3.35 61.32 9.97 12.76 94.56
132 Old Line Bancshares (OLBK) Bowie, MD 2,105,613 8.27 8.53 0.84 15,964 3.68 54.87 24.18 29.74 102.9
133 Dacotah Banks (DBIN) Aberdeen, SD 2,406,665 8.23 6.48 0.74 17,510 4.04 60.89 7.49 4.18 93.96
134 Farmers National (FMNB) Canfield, OH 2,159,069 8.2 9.92 1.09 22,711 3.99 58.47 10.46 4.01 97.55
135 Bear State Bank Little Rock, AR 2,160,299 8.17 9.63 1.12 24,528 3.91 51.21 6.99 -2.58 110.35
136 Heritage Financial (HFWA) Olympia, WA 4,113,270 8.15 8.36 1.05 41,791 3.89 62.38 7.55 4.25 83.09
137 Klein Financial* Chaska, MN 2,007,777 8.11 9.3 1.01 26,003 3.37 66.21 8.94 8.18 64.47
138 United Financial (UBNK) Hartford, CT 7,114,159 7.98 8.09 0.8 54,618 3.03 61.92 9.91 15.22 104.3
139 TowneBank (TOWN) Portsmouth, VA 8,522,176 7.97 8.26 1.11 92,789 3.51 63.15 2.23 3.45 96.38
140 Grandpoint Capital (GPNC) Los Angeles, CA 3,193,934 7.94 6.34 0.76 24,442 3.68 56.71 -0.28 -4.63 98.64
141 Fidelity Financial Corp. Wichita, KS 2,113,822 7.89 7.52 0.57 14,730 2.88 71.92 4.74 12.1 91.8
142 First Bancorp (FBNC) Southern Pines, NC 5,547,037 7.81 8.62 1 45,972 4.08 61.23 49.92 54.06 91.48
143 First Financial Corp. (THFF) Terre Haute, IN 3,000,668 7.8 6.69 0.98 29,131 4.11 58.78 3.65 3.18 76.74
144 Parkway Bancorp Harwood Heights, IL 2,510,717 7.78 7.56 0.75 18,177 2.92 47.37 6.65 9.17 93.44
145 First National Alaska (FBAK) Anchorage, AK 3,653,142 7.73 7.22 1 36,427 3.64 55.44 8.39 -1.38 74.39
146 CenterState Bank Corp. (CSFL) Winter Haven, FL 7,123,975 7.71 6.81 0.88 55,795 4.28 54.65 39.8 31.07 85.6
147 Community Bancshares of Miss. Brandon, MS 3,083,475 7.65 8.21 0.6 17,730 3.82 69.98 6.71 7.86 79.94
148 ConnectOne Bancorp (CNOB) Englewood Cliffs, NJ 5,108,442 7.65 7.81 0.93 43,220 3.45 40.5 18.04 10.06 109.73
149 New York Private Bank & Trust New York, NY 6,195,192 7.62 9.79 1.43 91,573 4.15 68.38 -1.36 6.51 93.37
150 Farmers & Merchants (FMBL) Long Beach, CA 6,991,578 7.58 6.88 0.93 64,764 3.43 64.09 12.87 7.85 71.4
151 Brookline Bancorp (BRKL) Boston, MA 6,780,249 7.57 6.87 0.81 53,619 3.57 55.76 5.91 2.75 116.49
152 Renasant Corp. (RNST) Tupelo, MS 9,829,981 7.53 6.68 0.97 92,188 4.16 59.04 21.22 12.43 96.99
153 Bridge Bancorp (BDGE) Bridgehampton, NY 4,430,002 7.46 4.64 0.49 20,539 3.32 56.39 19.29 14.45 92.1
154 Central Bancshares Lexington, KY 2,408,725 7.45 7.01 0.75 17,410 3.99 73.87 11.06 6.12 99.13
155 OceanFirst Financial (OCFC) Toms River, NJ 5,416,006 7.4 7.2 0.8 42,470 3.49 55.66 4.23 5.38 91.32
156 CBTX (CBTX) Beaumont, TX 3,081,083 7.38 7.18 0.93 27,571 4.05 62.55 7.4 3.12 87.91
157 MidWestOne (MOFG) Iowa City, IA 3,212,271 7.37 5.58 0.6 18,699 3.83 58.63 5.21 4.09 86.73
158 Independent Bank (IBTX) McKinney, TX 8,684,463 7.34 6.71 0.96 76,512 3.84 50.41 42.27 54.23 97.57
159 United Community (UCFC) Youngstown, OH 2,649,905 7.29 7.63 0.85 21,785 3.38 57.43 33.03 21.51 106.48
160 Southern BancShares (SBNC) Mount Olive, NC 2,655,335 7.26 12.65 1.35 33,890 3.88 66.59 9.31 8.39 71.88
161 Peoples Financial (PFIS) Scranton, PA 2,169,031 7.26 7.02 0.9 18,457 3.69 59.69 10.36 10.25 97.39
162 Union Bankshares (UBSH) Richmond, VA 9,315,179 7.21 7.07 0.83 72,923 3.63 61.13 13.28 8.75 102.18
163 WesBanco (WSBC) Wheeling, WV 9,816,178 7.19 6.83 0.96 94,482 3.44 55.28 1.5 3.98 89.68
164 Provident Financial (PFS) Iselin, NJ 9,845,274 7.18 7.28 0.99 93,949 3.28 54.31 4.67 3.01 108.21
165 National Commerce (NCOM) Birmingham, AL 2,737,676 7.17 6.18 0.89 21,975 4.44 58.09 44.57 44.22 94.16
166 First Commonwealth (FCF) Indiana, PA 7,308,539 7.15 6.45 0.77 55,165 3.57 59.62 11.12 14.01 96.29
167 State Bank Financial (STBZ) Atlanta, GA 4,958,582 7.12 7.37 1.06 46,574 4.7 55.71 24.63 19.17 83.42
168 Seacoast Banking (SBCF) Stuart, FL 5,810,129 7.04 7.51 0.82 42,865 3.73 58.88 32.84 20.35 83.06
169 Republic Bancorp (RBCA.A) Louisville, KY 5,085,362 7.02 7.26 0.95 45,632 4.32 58.6 5.15 5.31 116.17
170 BSB Bancorp (BLMT) Belmont, MA 2,676,565 7.02 8.4 0.61 14,386 2.44 51.56 23.09 10.01 131.16
171 Hometown Financial Group Easthampton, MA 2,052,126 6.99 7.41 0.79 16,181 3.32 61.2 2.86 0.3 92
172 West Suburban (WNRP) Lombard, IL 2,269,263 6.99 7.22 0.68 15,391 3.15 64.92 4.83 0.93 55.09
173 Salem Five Bancorp Salem, MA 4,677,837 6.96 6.98 0.72 32,132 2.99 63.83 17.74 8.66 103.45
174 Equity Bancshares (EQBK) Wichita, KS 3,170,509 6.92 7.03 0.84 20,649 3.89 58.99 52.76 49.02 88.63
175 First Community (FCBC) Bluefield, VA 2,388,460 6.87 6.14 0.91 21,485 4.23 57.38 -2.02 7.75 93.16
176 Columbia Bank MHC Fair Lawn, NJ 5,754,049 6.86 5.36 0.46 24,791 2.87 64.81 7.57 8.37 102.58
177 Univest Corp. (UVSP) Souderton, PA 4,554,862 6.8 8.37 1.01 44,094 3.78 61.66 9.95 13.26 101.27
178 Veritex Holdings (VBTX) Dallas, TX 2,945,583 6.77 4.55 0.76 15,152 3.78 51.52 124.73 87.46 97.49
179 Territorial Bancorp (TBNK) Honolulu, HI 2,003,846 6.76 6.34 0.77 14,962 3.15 58.68 11.35 2.42 93.24
180 Bryn Mawr Bank (BMTC) Bryn Mawr, PA 4,449,720 6.67 5.76 0.67 23,016 3.69 60.17 29.46 22.25 96.99
181 Cape Cod Five Mutual Co. Orleans, MA 3,228,279 6.67 7.16 0.67 20,874 3.13 72.36 0.41 9.58 99.57
182 Cambridge Financial Group Cambridge, MA 3,668,417 6.58 6.58 0.64 22,302 3.3 62.32 7.02 1.48 104.83
183 Discount Bancorp New York, NY 9,321,790 6.53 5.43 0.54 49,682 2.57 53.65 3.63 7.07 75.94
184 Bangor Bancorp MHC Bangor, ME 3,770,005 6.47 6.29 0.66 24,695 3.02 74.58 6.95 11.41 93.9
185 Mutual of Omaha Bank Omaha, NE 8,144,695 6.42 8.29 0.87 68,676 3.5 62.62 5.05 6.76 97.58
186 El Dorado Savings Bank Placerville, CA 2,172,609 6.35 6.5 0.65 13,916 2.22 59.49 8.63 5.61 27.73
187 Educational Services Farragut, TN 3,153,334 6.31 2.94 0.35 10,986 2.46 80.98 -2.5 20.4 222.2
188 Gate City Bank Fargo, ND 2,064,412 6.25 6.01 0.67 13,565 3.09 77.21 7.12 5.85 103.34
189 Peoples Bancorp (PEBO) Marietta, OH 3,581,686 6.14 8.54 1.1 38,471 3.62 62.05 5.9 5.83 85.74
190 Capitol Federal (CFFN) Topeka, KS 8,990,159 6.1 6.94 0.86 95,395 1.82 41 1.67 1.42 136.53
191 PeoplesBancorp MHC Holyoke, MA 2,358,674 6.08 6.14 0.57 12,837 3.05 68.81 12.68 0.14 107.69
192 Beacon Bancorp Taunton, MA 2,078,459 6.07 6.74 0.88 17,114 3.19 76.29 11.28 9.02 100.63
193 Bank Leumi Le-Israel Corp. New York, NY 7,026,521 5.99 4.96 0.54 37,704 3.33 62.87 10.36 9.47 93.31
194 Northwest Bancshares (NWBI) Warren, PA 9,363,934 5.91 7.95 0.99 94,467 3.82 64.18 3.2 -1.23 98.85
195 Albina Community Bank Portland, OR 180,603 5.88 -0.76 -0.07 -133 3.86 85.79 3.47 9.34 75.79
196 Southern National (SONA) McLean, VA 2,614,252 5.75 1.02 0.13 2,425 3.87 52.23 122.71 279.26 110.07
197 First Connecticut (FBNK) Farmington, CT 3,055,050 5.71 5.96 0.55 16,189 2.93 64.81 7.97 8.08 112.19
198 Johnson Financial Group Racine, WI 4,783,395 5.62 6.56 0.8 36,767 3.42 79.04 6.57 7.82 96.33
199 Meridian Bancorp (EBSB) Peabody, MA 5,299,455 5.59 6.82 0.89 42,945 3.23 52.51 18.55 16.59 112.63
200 Liberty Bank Middletown, CT 4,768,556 5.57 5.92 0.87 40,192 3.14 69.93 4.45 3.06 100.9
201 Banner Corp. (BANR) Walla Walla, WA 9,763,209 5.52 4.57 0.6 60,776 4.24 67.9 -0.8 1.98 92.27
202 Dollar Bank Pittsburgh, PA 8,294,175 5.51 5.84 0.65 52,389 2.94 71.39 7.71 5.41 104.81
203 Scottdale Bank & Trust Scottdale, PA 260,735 5.5 13.42 2.27 5,953 2.48 82.93 10.35 -2.28 32.91
204 Middlesex Bancorp MHC Natick, MA 4,684,443 5.41 5.63 0.71 32,667 2.83 64.37 7.51 4.96 75.83
205 Valley View Bancshares Overland Park, KS 2,999,714 5.41 5.45 0.83 25,766 3.52 53.67 8.43 -0.28 69.26
206 Firstrust Savings Bank* Conshohocken, PA 3,152,950 5.35 5.91 0.66 30,952 4.17 80.86 2.92 -3.05 110.08
207 Union Savings Bank Danbury, CT 2,181,709 5.35 4.83 0.51 11,431 3.39 75.16 0.16 2.56 99.48
208 Origin Bancorp Ruston, LA 4,154,498 4.59 3.19 0.36 14,669 3.49 80.37 4.38 3.46 93.11
209 Lone Star National McAllen, TX 2,240,139 4.58 4.05 0.48 10,531 3.54 76.97 -0.82 17.7 59.72
210 TotalBank Miami, FL 3,009,339 4.38 4.89 0.8 24,005 2.96 59.17 4.35 1.45 102.84
211 Opus Bank (OPB) Irvine, CA 7,486,809 4.38 4.76 0.63 47,643 3.18 66.51 -8.28 -9.82 85.76
212 Ocean Bankshares Miami, FL 3,722,008 4.35 1.63 0.17 6,342 3.95 68.56 7.28 6.57 93.05
213 Carter Bank & Trust (CARE) Martinsville, VA 4,112,292 4.34 -0.16 -0.02 -681 2.79 59.05 -1.77 -3.94 72.2
214 Dickinson Financial Corp. Kansas City, MO 2,352,705 4.29 3.32 0.62 13,959 3.63 71.33 17.25 9.64 85.03
215 County First Bank La Plata, MD 226,668 4.28 3.59 0.4 926 3.58 77.66 -8.15 5.8 71.48
216 Needham Bank Needham, MA 2,017,627 4.26 3.58 0.46 9,215 3.1 69.03 2.85 9.57 121.25
217 Green Bancorp (GNBC) Houston, TX 4,261,916 4.01 7.57 0.83 34,136 3.6 51.05 2.28 6.35 93.21
218 Western New England (WNEB) Westfield, MA 2,083,070 4 4.94 0.59 12,320 3.12 63.74 4.08 0.28 107.55
219 Manufacturers Bank Los Angeles, CA 2,664,289 3.93 3.02 0.38 9,980 2.76 61.28 -4.28 -1.59 84.27
220 OFG Bancorp (OFG) San Juan, PR 6,189,053 3.93 5.57 0.84 52,646 5.31 52.57 -2.2 5.03 84.52
221 Northfield Bancorp (NFBK) Woodbridge, NJ 3,991,417 3.85 3.88 0.63 24,768 2.99 56.36 5.82 -3.52 109.79
222 Mercantil Bank Holding Coral Gables, FL 8,436,767 3.81 5.88 0.51 43,057 2.68 72.22 5.57 -13.97 94.87
223 Capital City Bank (CCBG) Tallahassee, FL 2,898,794 3.79 3.83 0.39 10,863 3.37 79.61 5.53 3.32 66.6
224 Spencer Savings Bank Elmwood Park, NJ 2,722,998 3.77 1.93 0.22 5,896 2.72 66.47 5.62 4.73 102.13
225 Home Federal Bank of Tenn. Knoxville, TN 2,203,118 3.14 2.63 0.46 10,081 2.6 70.81 1.24 3.18 53.93
226 Blue Hills Bancorp (BHBK) Norwood, MA 2,668,520 2.7 4.14 0.65 16,489 2.77 67.49 14.59 10.02 107.61
227 Penn Community Mutual Perkasie, PA 2,009,849 2.63 3.21 0.42 8,348 3 73.25 6.62 7.03 94.64
228 National Bank (NBHC) Greenwood Village, CO 4,843,465 2.44 2.67 0.31 14,579 3.5 68.2 10.38 6.08 79.21
229 North Shore Bank Brookfield, WI 2,040,344 2.44 2.83 0.35 6,565 3.44 79.36 2.86 1.41 87.26
230 Ridgewood Savings Bank Ridgewood, NY 5,391,946 2.38 2.47 0.32 17,259 2.33 77.23 10.49 0.29 84.36
231 CTBC Capital Corp. Los Angeles, CA 3,239,819 2.32 1.67 0.37 11,545 3.45 55.65 15.04 21.3 97.81
232 Beneficial Bancorp (BNCL) Philadelphia, PA 5,798,828 2.31 2.32 0.41 23,924 3.14 68.74 0.59 0.29 96.15
233 HomeTrust (HTBI) Asheville, NC 3,250,588 2 -0.01 0 -59 3.5 68.82 23.94 19.83 114.03
234 Kearny Financial (KRNY) Fairfield, NJ 4,843,847 1.3 1.42 0.31 14,973 2.42 72.47 10.51 9.42 107.62
235 Atlantic Capital (ACBI) Atlanta, GA 2,891,421 0.83 -1.17 -0.14 -3,726 3.28 72.85 -4.01 12.11 78.18
236 1st Mariner Bank Baltimore, MD 989,423 -2.29 -2.39 -0.24 -2,373 3.48 100 4.19 17.65 100.4
237 Scotiabank de Puerto Rico San Juan, PR 4,131,799 -2.33 -4.13 -0.91 -37,840 4.45 59.51 -15.96 2.16 82.02
Median for all 237 institutions 3,653,142 8.58 8.4 0.89 32,918 3.58 59.62 8.39 7.11 93.19
Median for the top 20 institutions 3,100,802 14.55 14.1 1.23 45,928 3.74 58.77 11.76 10.84 85.51
Average for all 237 institutions 4,301,708 8.57 8.31 0.88 38,015 3.52 60.57 13.74 12.72 91.37
Average for the top 20 institutions 3,650,620 15.32 14.65 1.32 52,647 3.73 56.25 15.1 8.85 86.72

Notes: Ranking is of top consolidated bank holding companies, banks, and thrifts with total assets of between $2 billion and $10 billion as of 12/31/17 and is based on three-year average return on equity for 2015 to 2017. Additional data is for the year ended 12/31/17; year-over-year changes compare 2017 to 2016. 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, 67 institutions in this asset size range were excluded from the ranking. Ties broken using first the 2017 ROAE and subsequently the 2016 ROAE.

* Denotes institutions that operated as a subchapter S corporation for at least one quarter between 2015 and 2017. Their profitability ratios were calculated from regulatory financials and adjusted using an assumed tax rate.

Source:

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