Top banks $2B to $10B: Profitability rests on strong asset quality

Loan application form with pen on paper / financial loan negotia
CEOs at midsize banks said they were focused on maintaining strong credit quality, though that could be more challenging this year.
Bigc Studio - stock.adobe.com

If one bad apple can spoil a bunch, can a single bad loan ruin a portfolio? For many CEOs at the nation's most successful larger community banks, the answer is yes, which explains why they're watching credit quality at least as closely as return on average equity, efficiency ratio and other key profitability indicators. 

The $3.1 billion-asset Gulf Coast Bank & Trust in New Orleans ranked No. 14 on American Banker's annual list of the top-performing midsize banks — those with $2 billion to $10 billion of assets — after ranking No. 15 in 2022. Gulf Coast produced a 19.32% three-year return on average equity, according to data from Capital Performance Group. That is just shy of the 20% ROAE target the bank shoots for, according to CEO Guy Williams. (See here for the top 200 publicly traded banks with under $2 billion of assets.)

For Williams, though, the starting point is a clean loan book.  

"Banking is a low-margin business," Williams said. "We can't afford to charge off loans, so credit quality is vitally important."  

Fortunately for Williams, Gulf Coast has managed to keep its charge-offs largely buttoned down. Credit losses totaled 0.33% of the bank's loans leases for the quarter ending March 31 and 0.13% for all of 2022, according to the Federal Deposit Insurance Corp. 

The same pattern played out for virtually all of the other top 20 midsize banks. (The annual ranking is based on a three-year average ROAE calculated by the consulting firm Capital Performance Group, which used year-end 2022.) 

The $2.2 billion-asset Capital Bancorp in Rockville, Maryland ranked No. 5 in 2023, a jump from the No. 10 spot it occupied in 2022. Capital's three-year ROAE totaled 23%. Net charge-offs for 2022 totaled 0.34%. Year-end nonperforming loans totaled 0.45% of total assets. 

Still, CEO Ed Barry said he remains mindful that a handful of problem credits could result in a 180-degree change in Capital's performance.

"When you look at the amount of leverage banks deploy…It doesn't take too much on the bad-credit side to really wipe out your earnings, and turn really great results into horrible results," Barry said. 

Ed Barry Capital Bancorp
Ed Barry, CEO of Capital Bancorp.

"It's of tantamount importance how you manage your asset quality," Barry added. 

Of the top 20 midsize banks, 17 reported nonperforming loans below 1% of total assets. Most came in well below the 1% threshold, including several that reported truely de minimis numbers. The $3.6 billion-asset West Bancorporation in Des Moines, Iowa, the No. 18 bank, reported a 0.01% ratio of nonperforming loans to total assets at Dec. 31, 2022. The No. 11 bank, the $2.4 billion-asset Horizon Bank in Austin, Texas, reported zero nonperforming loans altogether. 

The median 2022 ROAE for the top 20 midsize banks was 20.2%, down from the 2021 median of 20.7%. That modest decline is "notable," given that it came against a challenging backdrop of rising rates and tougher competition for deposits, Claude Hanley, a partner at Capital Performance Group in Washington, D.C., wrote in an email to American Banker.  

Asset quality among these larger community banks has been excellent generally, Hanley wrote. Indeed, the median nonperforming assets to total assets for all the banks in this asset size came in at 0.32%. That's a bit lower than the 0.38% figure for the top 20 banks on the list.  

For instance, at the $4.2 billion-asset Hingham Institution for Savings, which fell from the No. 14 ranking in 2022 to No. 29 this year, nonperforming loans amounted to five basis points of total assets at the end of 2022. Hingham "is good at keeping operating costs low and making a lot of safe loans at moderate yields," prominent independent bank analyst and investor Ian Bezak wrote in a recent research note. 

For Barry, knowing customers rests at the foundation of Capital Bancorp's pristine credit and its top-tier profitability. "You can't replace a really good, granular understanding of the business or the real estate project or what this consumer is trying to do," Barry said. "I think we do a good job of not trying to fool ourselves and really go deeper than the numbers to get to a better understanding of what we can do."

"We study customers constantly," Williams said.  

According to Hanley, the combination of deteriorating asset quality along with decreasing liquidity will make 2023 challenging for midsize banks. Barry acknowledged that many banks are tightening credit standards and "starting to pull back," but he added that there are still opportunities for growth. 

"Whether they're seeing problems or they're facing capital issues, liquidity issues or there are just  broader concerns, [banks] are kind of making wide-swath decisions that are affecting both their good customers and their bad customers. We're seeing an opportunity to grow smart."

View Table
Printer Friendly Version
The top banks with assets between $2 billion and $10 billion 2022

  Total Assets ROAA 3-Year Avg ROAE ROAE Net Interest Margin (FTE) Efficiency Ratio (FTE) Total Noninterest Income Net Income Core Deposits/Total Deposits NPAs/Total Assets Core Deposit Change Net Loan Change
  ($ thousands) (%) (%) (%) (%) (%) ($ thousands) ($ thousands) (%) (%) (%) (%)
2022 Rank 2021 Rank Institution Name City State 12/31/22 2022 2020-2022 2022 2022 2022 2022 2022 12/31/22 12/31/22 2021-2022 2021-2022
  Median: All Institutions 3,149,346 1.16 11.44 12.57 3.40 58.17 21,083 37,594 85.72 0.32 0.84 15.01
  Median: Top 20 Institutions 2,870,613 1.76 20.22 20.23 3.86 52.71 25,045 47,054 86.72 0.38 3.89 12.99
  Average: All Institutions 4,062,134 1.16 11.61 12.48 3.45 58.19 33,694 47,007 82.47 0.42 1.39 16.72
  Average: Top 20 Institutions 3,294,901 1.79 21.11 18.96 4.16 52.64 93,996 63,072 78.63 0.50 3.61 21.76
1 NA Gateway First Bank Jenks OK 2,037,606 0.67 25.36 3.84 3.32 88.79 147,929 12,228 65.72 2.06 10.26 6.70
2 2 The Bessemer Group, Incorporated New York NY 4,390,979 3.25 24.59 22.27 NA NA 739,961 158,562 100.00 0.00 (23.25) (2.02)
3 7 Cache Valley Bank Logan UT 2,931,809 1.94 24.00 23.26 4.06 37.05 8,311 57,860 88.96 0.28 5.34 9.68
4 9 Woodforest Financial Group, Inc. The Woodlands TX 9,566,297 2.37 23.55 30.27 3.86 62.74 595,537 277,848 98.45 1.15 6.07 11.19
5 10 Capital Bank, National Association Rockville MD 2,069,955 1.96 23.00 23.20 6.98 64.89 29,370 40,200 83.31 0.45 (9.60) 4.84
6 3 Union Savings Bank Cincinnati OH 3,307,068 1.18 22.99 10.14 2.80 61.87 38,563 47,708 49.51 0.33 (11.38) 29.43
7 NA Northeast Bank Portland ME 2,809,417 2.38 22.62 16.16 5.95 46.01 13,156 40,468 52.10 1.26 16.23 112.60
8 11 Horizon Bank, SSB Austin TX 2,362,329 1.92 22.57 27.82 3.74 40.96 13,368 45,572 95.49 0.00 0.48 14.08
9 NA State Bank of Texas Dallas TX 2,054,921 3.87 22.27 26.83 6.29 19.18 8,753 78,380 37.71 0.43 8.70 49.28
10 6 Metro City Bank Doraville GA 3,440,092 1.97 20.43 19.76 3.93 35.35 19,311 62,938 69.94 0.71 2.44 22.16
11 NA Watford City Bancshares, Inc. Watford City ND 4,911,365 1.36 20.02 24.52 NA NA 60,778 80,194 92.55 0.51 (0.72) 19.63
12 8 Five Star Bank Roseville CA 3,224,069 1.73 19.77 17.94 3.91 33.14 5,692 49,283 87.72 0.01 11.92 44.25
13 12 KS StateBank Manhattan KS 2,460,850 1.83 19.50 16.08 3.52 35.50 4,008 48,059 58.84 0.79 (5.41) 8.10
14 15 Gulf Coast Bank and Trust Company New Orleans LA 3,069,873 1.73 19.32 22.40 7.05 69.63 40,736 51,146 89.71 0.39 (0.43) 16.59
15 4 North American Savings Bank, FSB Kansas City MO 2,517,837 1.21 19.25 7.37 3.86 72.71 47,163 29,015 61.90 1.04 34.73 21.94
16 5 Leader Bank, National Association Arlington MA 3,907,360 0.64 19.05 5.74 2.58 59.84 20,719 23,774 88.09 0.01 25.49 31.24
17 19 United Bank Zebulon GA 2,419,852 1.78 18.86 25.01 3.16 48.33 29,989 42,441 92.65 0.37 8.31 9.19
18 36 West Bancorporation, Inc. West Des Moines IA 3,613,218 1.32 18.84 20.71 2.76 NA 10,208 46,399 85.72 0.01 (12.35) 11.90
19 24 Northrim Bank Anchorage AK 2,656,653 1.24 18.15 17.43 3.89 66.10 32,911 32,917 92.02 0.28 (2.26) 3.40
20 18 First United Bank Dimmitt TX 2,146,467 1.36 18.06 18.40 3.25 52.71 13,462 36,443 82.17 0.02 7.63 11.03
21 26 First National Bank Damariscotta ME 2,704,047 1.52 17.58 19.85 3.38 44.59 15,741 39,854 63.54 0.07 (2.98) 16.24
22 23 Preferred Bank Los Angeles CA 6,425,358 2.08 17.45 21.34 4.09 26.90 9,565 128,845 63.47 0.45 4.45 14.63
23 NA Five Points Bank Grand Island NE 2,018,808 1.24 17.33 22.24 2.84 46.80 9,433 27,351 84.55 0.00 1.16 10.12
24 29 WestStar Bank El Paso TX 2,790,209 1.63 16.97 19.56 3.58 49.02 21,559 56,206 91.32 0.04 2.70 19.86
25 32 First Bancshares, Inc. Merrillville IN 6,732,223 1.71 16.75 19.55 3.66 47.49 59,639 107,766 89.00 0.13 3.21 9.86
26 41 Independent Bank Corporation Grand Rapids MI 4,999,787 1.31 16.74 18.41 3.32 NA 61,084 63,351 86.79 0.67 0.46 17.36
27 NA Meridian Bank Malvern PA 2,062,088 1.33 16.66 12.85 4.08 69.56 41,992 24,729 71.27 1.28 (1.56) 20.61
28 NA Open Bank Los Angeles CA 2,094,205 1.76 16.66 20.36 4.20 46.28 18,050 33,985 65.14 0.13 6.23 22.80
29 14 Hingham Institution for Savings Hingham MA 4,193,799 0.98 16.53 10.01 2.81 24.81 1,058 37,519 48.21 0.05 (6.25) 21.96
30 27 Northern Bank & Trust Company Woburn MA 2,834,447 2.39 16.48 16.87 5.39 35.28 7,416 65,372 79.38 0.89 (19.15) 10.19
31 67 Traditional Bank, Inc. Mount Sterling KY 2,145,608 1.30 16.45 20.12 2.96 46.71 8,337 35,365 88.42 0.32 (0.67) 16.64
32 47 First Bancorp, Inc. Lebanon VA 3,141,626 1.64 16.42 18.01 NA NA 22,334 47,919 91.63 0.10 15.46 15.50
33 34 Unity Bank Clinton NJ 2,431,532 1.76 16.24 17.06 4.50 44.48 7,406 37,482 76.23 0.43 (7.12) 27.86
34 21 Blue Ridge Bank, National Association Martinsville VA 3,109,162 0.84 15.86 8.79 4.26 66.77 37,465 23,771 84.36 0.35 17.30 27.01
35 NA First Savings Bank Jeffersonville IN 2,192,809 0.79 15.86 8.14 3.79 79.78 39,272 15,468 70.23 0.65 6.69 24.80
36 28 Alpine Banks of Colorado Glenwood Springs CO 6,317,255 1.17 15.69 17.77 3.34 59.34 46,732 73,432 96.38 0.11 (3.22) 14.83
37 33 The Bank of Greene County Catskill NY 2,611,099 1.23 15.63 16.47 2.72 48.10 12,071 30,967 95.50 0.26 5.95 21.81
38 52 D.L. Evans Bank Burley ID 3,040,810 1.23 15.52 17.77 3.45 55.95 15,309 37,594 90.71 0.13 4.21 9.07
39 69 Country Club Bank Kansas City MO 2,197,585 1.07 15.43 17.82 2.93 72.37 48,863 31,371 93.27 0.39 (10.64) 3.81
40 70 First Dakota National Bank Yankton SD 2,727,087 1.32 15.40 16.35 3.58 61.64 30,057 34,304 87.45 0.16 5.54 21.31
41 85 Firstrust Savings Bank Conshohocken PA 5,175,518 1.73 15.38 18.55 3.80 51.49 35,145 100,560 89.35 0.39 (9.04) 21.96
42 71 Coastal Community Bank Everett WA 3,141,703 1.45 15.32 18.04 6.06 55.73 124,652 42,638 98.96 0.23 19.89 49.04
43 100 First Fidelity Bank Oklahoma City OK 2,733,258 1.14 15.24 18.48 3.08 57.88 17,643 31,414 96.59 0.36 (2.22) 15.75
44 35 Farmers & Merchants Bancorp Lodi CA 5,327,399 1.41 15.21 16.04 3.81 NA 16,867 75,090 93.04 0.05 4.24 8.48
45 66 Texas First Bank Texas City TX 2,146,224 1.38 15.17 17.66 3.48 55.42 11,153 35,813 93.00 0.27 (1.72) 14.18
46 45 Stockman Financial Corporation Miles City MT 6,052,484 1.24 15.17 14.99 3.05 56.20 53,829 91,274 88.45 0.21 0.46 24.81
47 38 1st Security Bank of Washington Mountlake Terrace WA 2,632,273 1.29 15.14 11.69 4.52 61.81 16,783 31,398 65.99 0.35 (10.54) 19.23
48 22 FB Corporation Creve Coeur MO 6,466,917 0.52 15.11 10.04 2.57 78.36 51,821 35,787 92.21 0.33 (5.70) (1.53)
49 53 First Farmers Bank & Trust Co. Converse IN 2,738,488 1.62 15.07 17.02 3.89 45.52 18,392 41,347 81.26 1.10 2.30 20.72
50 54 Lakeland Financial Corporation Warsaw IN 6,432,371 1.62 15.04 17.40 3.41 44.21 41,937 103,817 88.53 0.27 (1.46) 9.71
51 40 Canandaigua National Corporation Canandaigua NY 4,747,541 1.06 15.04 15.32 3.36 NA 51,758 47,860 80.77 0.35 3.51 8.83
52 93 Lakeside Bank Chicago IL 2,264,022 1.69 14.89 18.06 3.77 49.29 9,114 50,260 82.87 0.08 (5.94) 9.36
53 88 American First National Bank Houston TX 2,489,041 2.11 14.85 18.25 5.04 41.95 7,316 49,510 35.54 0.04 (15.03) 7.26
54 55 First Citizens Community Bank Mansfield PA 2,329,851 1.35 14.85 15.32 3.44 52.36 10,442 30,466 85.06 0.59 3.83 19.48
55 NA The First National Bank of Fort Smith Fort Smith AR 2,203,969 1.47 14.83 14.88 4.00 53.25 22,653 29,143 89.88 0.16 15.48 29.90
56 91 The Fidelity Deposit and Discount Bank Dunmore PA 2,378,265 1.30 14.82 18.99 3.33 52.98 15,144 31,837 94.54 0.17 0.93 6.86
57 51 Southern Missouri Bancorp, Inc. Poplar Bluff MO 3,450,590 1.34 14.80 13.52 3.56 NA 21,904 43,702 74.10 1.06 11.48 25.39
58 78 South Plains Financial, Inc. Lubbock TX 3,944,063 1.47 14.76 15.79 3.73 NA 74,045 58,240 91.60 0.15 3.96 10.81
59 68 Republic Bank of Chicago Oak Brook IL 2,703,177 1.69 14.66 16.39 3.95 51.35 25,026 42,198 79.32 0.79 3.57 7.86
60 82 Farmers National Banc Corp. Canfield OH 4,082,200 1.46 14.57 17.24 3.18 NA 36,097 60,597 84.24 0.49 NA 3.14
61 43 Fremont Bancorporation Fremont CA 5,455,757 0.66 14.42 11.23 3.46 78.45 43,865 44,020 93.11 0.54 (7.59) 15.49
62 NA Luana Savings Bank Luana IA 2,036,937 1.44 14.39 16.28 2.71 32.62 2,937 34,374 48.38 0.03 7.96 8.58
63 64 Inwood Bancshares, Inc. Dallas TX 4,355,208 1.32 14.30 14.12 NA NA 7,601 70,971 91.50 0.42 (4.52) 8.16
64 16 Southern BancShares (N.C.), Inc. Mount Olive NC 4,726,557 0.64 14.21 8.78 2.88 NA 27,426 29,919 92.60 0.10 4.94 16.17
65 96 Armstrong Bank Muskogee OK 2,395,777 1.14 14.18 16.81 3.18 61.63 22,557 28,757 82.34 0.37 2.68 15.89
66 77 State Bank of Southern Utah Cedar City UT 2,209,740 1.28 14.16 15.66 3.87 51.47 12,851 28,206 80.95 0.57 2.51 17.19
67 74 Summit Financial Group, Inc. Moorefield WV 3,916,692 1.42 14.13 15.83 3.73 NA 18,596 53,216 88.13 0.81 NA 11.53
68 80 River City Bank Sacramento CA 4,041,345 1.25 14.12 14.58 2.68 26.38 13,087 47,823 91.24 0.00 (2.95) 14.22
69 107 Hometown Community Bancorp, Inc. Morton IL 4,923,329 1.13 14.11 17.94 2.63 51.61 40,654 71,257 82.43 0.80 2.20 3.99
70 60 Washington Trust Bancorp, Inc. Westerly RI 6,660,051 1.17 14.05 14.53 2.69 58.17 62,602 71,681 77.63 0.25 5.54 18.88
71 89 Farmers Bank & Trust Company Magnolia AR 2,502,223 1.18 14.04 15.50 3.50 55.22 16,274 29,270 75.37 0.32 26.71 19.52
72 76 City Holding Company Charleston WV 5,878,106 1.71 14.02 16.49 3.33 48.30 72,558 102,071 81.76 0.40 3.25 2.94
73 NA Education Loan Finance, Inc. Farragut TN 4,142,017 0.92 13.86 6.69 NA NA 18,581 39,333 63.93 0.10 (1.22) 2.84
74 39 Waterstone Financial, Inc. Wauwatosa WI 2,031,672 0.96 13.82 4.91 3.01 NA 105,215 19,487 47.51 0.22 (7.75) 8.04
75 83 American National Corporation Omaha NE 4,936,637 1.34 13.81 15.71 NA NA 17,803 78,010 91.27 0.31 (7.22) 7.98
76 63 Bank First, National Association Manitowoc WI 3,658,116 1.42 13.79 12.65 3.43 45.61 19,851 47,539 86.21 0.18 16.35 29.60
77 117 First Community Bank Batesville AR 2,427,913 1.22 13.76 16.39 3.74 63.05 22,155 26,827 64.96 0.14 12.25 26.29
78 31 Alerus Financial Corporation Grand Forks ND 3,779,637 1.14 13.73 11.55 3.04 NA 111,223 40,005 92.72 0.11 (2.39) 36.63
79 NA BOU Bancorp, Inc. Ogden UT 2,414,185 1.50 13.64 13.04 NA NA 24,040 33,608 96.29 0.06 6.82 12.52
80 90 Park National Corporation Newark OH 9,854,993 1.48 13.63 13.78 3.80 61.14 115,330 148,351 93.27 1.03 6.78 3.96
81 125 VeraBank, Inc. Henderson TX 3,957,850 1.22 13.62 17.05 NA NA 35,281 47,658 93.46 0.21 7.74 24.45
82 122 Orange Bank & Trust Company Middletown NY 2,277,724 1.09 13.57 17.00 3.52 51.35 6,871 25,591 96.81 0.91 3.11 21.50
83 73 Arrow Financial Corporation Glens Falls NY 3,969,509 1.21 13.47 13.55 3.06 NA 30,570 48,799 94.01 0.29 (1.41) 11.84
84 128 Wayne Bank Honesdale PA 2,048,365 1.42 13.43 17.07 3.52 51.84 9,876 29,757 70.91 0.14 (0.14) 8.84
85 NA First State Bancshares, Inc. Farmington MO 3,877,215 1.39 13.41 14.44 NA NA 49,400 53,160 85.80 0.15 0.84 5.07
86 57 Northwest Bank Spencer IA 2,471,026 0.94 13.38 12.63 3.11 64.91 22,690 21,759 78.44 0.23 0.52 17.62
87 44 HBT Financial, Inc. Bloomington IL 4,286,734 1.32 13.35 14.73 3.60 NA 35,304 56,456 92.67 0.19 (2.52) 4.63
88 75 Macatawa Bank Holland MI 2,906,669 1.22 13.34 14.99 2.58 52.10 20,245 35,358 96.30 0.32 1.21 6.23
89 101 Citizens and Farmers Bank West Point VA 2,312,638 1.37 13.32 14.50 4.41 66.55 28,234 31,792 81.16 0.09 8.80 11.03
90 92 Carrollton Bank Carrollton IL 3,135,836 0.82 13.30 12.81 2.71 66.16 13,383 31,706 91.26 0.03 3.89 18.68
91 NA Community National Bank Midland TX 2,057,791 1.68 13.26 19.11 3.95 49.42 8,013 31,790 96.17 0.12 22.10 25.60
92 50 Stock Yards Bancorp, Inc. Louisville KY 7,496,261 1.25 13.22 12.63 3.35 58.03 84,780 93,294 92.61 0.20 10.57 24.51
93 141 River Bank & Trust Prattville AL 2,833,353 1.16 13.20 16.31 3.35 52.21 13,881 29,509 82.30 0.09 10.23 41.31
94 72 Sunwest Bank Sandy UT 2,522,199 1.09 13.19 12.34 4.09 59.14 15,991 26,142 93.84 1.07 9.33 18.40
95 98 QCR Holdings, Inc. Moline IL 7,948,837 1.37 13.15 13.24 3.73 57.03 80,729 99,066 86.93 0.11 15.61 31.51
96 NA Texas Regional Bank Harlingen TX 2,627,954 0.88 13.15 14.99 3.71 63.87 13,809 20,599 83.05 0.05 32.14 80.49
97 94 Exchange Bank (Santa Rosa, CA) Santa Rosa CA 3,334,397 1.08 13.11 15.98 3.01 58.78 23,568 37,480 94.93 0.28 (3.03) 0.01
98 108 Red River Bank Alexandria LA 3,082,034 1.18 13.10 15.15 2.89 54.88 22,115 37,644 87.82 0.21 (4.77) 13.61
99 116 Cashmere Valley Bank Cashmere WA 2,087,762 1.17 13.01 15.06 2.99 52.13 19,845 26,000 88.74 0.74 (2.75) 6.89
100 112 First Western Financial, Inc. Denver CO 2,866,748 0.83 12.96 9.43 3.36 NA 28,063 21,698 90.68 0.43 30.45 25.28
101 87 Bridgewater Bancshares, Inc. Saint Louis Park MN 4,345,662 1.38 12.95 13.90 3.45 NA 6,250 53,392 74.71 0.02 5.71 26.80
102 169 Chemung Financial Corporation Elmira NY 2,645,553 1.15 12.94 15.93 3.05 NA 21,725 28,783 82.71 0.37 (1.75) 20.84
103 NA Somerset Trust Company Somerset PA 2,017,848 1.08 12.93 19.22 3.94 66.32 16,674 20,880 85.56 0.76 6.18 12.14
104 81 Stearns Financial Services, Inc. Saint Cloud MN 2,360,763 2.86 12.91 13.08 NA NA 15,729 65,290 75.54 2.34 (9.59) 24.87
105 196 Hanmi Financial Corporation Los Angeles CA 7,378,262 1.44 12.89 14.83 3.50 47.76 34,200 101,394 68.28 0.14 (12.24) 15.93
106 103 Amarillo National Bancorp, Inc. Amarillo TX 8,471,313 1.47 12.81 13.91 3.62 47.73 66,640 147,372 77.49 0.58 (2.51) 21.03
107 NA Habib American Bank New York NY 2,187,455 1.31 12.70 13.59 2.60 45.17 24,170 27,911 28.67 0.04 (25.37) 17.78
108 206 BankNewport Middletown RI 2,508,364 1.78 12.68 19.06 3.56 76.00 23,287 42,704 80.33 0.73 (4.83) 14.22
109 194 HomeStreet, Inc. Seattle WA 9,364,760 0.79 12.67 10.78 3.02 70.48 47,276 66,540 60.52 0.39 (13.96) 30.51
110 136 Cass Information Systems, Inc. Saint Louis MO 2,573,023 1.39 12.65 16.61 NA NA 124,967 34,904 96.77 0.00 3.60 12.74
111 58 BancPlus Corporation Ridgeland MS 7,034,821 0.95 12.64 10.75 3.68 72.64 70,047 60,775 86.99 0.17 26.77 61.42
112 130 Guaranty Bancshares, Inc. Addison TX 3,351,495 1.24 12.62 13.75 3.54 NA 22,628 40,423 86.78 0.34 (0.62) 24.85
113 37 MVB Financial Corp. Fairmont WV 3,068,850 0.48 12.56 5.63 4.04 NA 32,603 14,387 86.99 0.56 NA 28.10
114 102 Camden National Corporation Camden ME 5,671,850 1.12 12.56 13.15 2.86 55.95 41,410 61,439 91.73 0.09 2.98 16.88
115 156 John Marshall Bank Reston VA 2,345,424 1.50 12.56 14.92 3.21 41.93 2,045 34,079 61.19 0.02 3.41 7.46
116 113 Ida Grove Bancshares, Inc. Ida Grove IA 2,335,270 1.09 12.56 13.54 NA NA 10,748 28,126 62.51 0.27 2.26 8.82
117 114 Mercantile Bank Corporation Grand Rapids MI 4,872,619 1.21 12.50 14.07 3.33 NA 31,577 61,063 89.91 0.27 (8.58) 12.92
118 148 Jefferson Bank San Antonio TX 2,858,671 0.91 12.50 16.34 3.03 68.68 23,936 32,069 85.75 0.14 2.04 17.84
119 131 Wilson Bank Holding Company Lebanon TN 4,285,650 1.29 12.49 14.36 3.62 NA 29,040 53,020 80.15 0.02 5.48 26.91
120 62 Southern First Bancshares, Inc. Greenville SC 3,691,981 0.90 12.44 10.20 3.19 NA 9,962 29,115 85.26 0.19 10.95 30.96
121 109 Financial Institutions, Inc. Warsaw NY 5,797,272 1.01 12.44 12.81 3.20 59.86 42,996 56,573 74.24 0.17 (6.59) 9.86
122 167 Bankwell Bank New Canaan CT 3,249,463 1.64 12.43 16.41 3.86 39.55 3,252 42,650 56.36 1.11 (5.52) 41.13
123 97 Metropolitan Bank Holding Corp. New York NY 6,267,337 0.90 12.41 10.27 3.49 58.07 26,851 59,425 99.02 0.02 (17.75) 29.71
124 119 Texas Bank and Trust Company Longview TX 4,142,065 1.40 12.40 14.81 3.35 52.41 30,697 56,559 88.99 0.39 (0.44) 23.21
125 137 Pinnacle Bank Elberton GA 2,038,739 1.16 12.37 14.66 3.78 60.31 17,905 23,972 91.10 0.08 6.75 19.85
126 104 Emprise Bank Wichita KS 2,375,666 1.11 12.34 15.85 3.23 64.93 22,037 31,668 90.57 0.04 (0.11) 12.86
127 124 Amboy Bancorporation Old Bridge NJ 2,719,005 1.26 12.34 12.55 NA NA (628) 42,870 86.70 1.68 (5.02) 1.81
128 120 German American Bancorp, Inc. Jasper IN 6,155,991 1.26 12.32 13.41 3.45 56.60 58,553 81,825 91.99 0.21 11.94 25.91
129 123 Enterprise Bancorp, Inc. Lowell MA 4,438,333 0.96 12.31 14.47 3.54 NA 18,915 42,716 92.88 0.27 (0.77) 8.87
130 174 Community Bank of the Chesapeake Waldorf MD 2,408,423 1.38 12.27 14.90 3.35 43.78 6,282 32,376 83.40 0.27 0.69 13.34
131 111 Tompkins Financial Corporation Ithaca NY 7,670,686 1.09 12.24 13.27 3.05 62.81 78,606 85,156 90.44 0.43 (2.94) 3.78
132 157 Central Pacific Financial Corp. Honolulu HI 7,432,763 1.01 12.23 15.47 3.09 64.65 39,227 73,928 85.29 0.11 (3.16) 9.05
133 129 FCB Banks Collinsville IL 2,111,560 1.01 12.21 13.41 2.70 57.73 12,596 22,838 77.66 0.43 (1.33) 22.60
134 232 OFG Bancorp San Juan PR 9,818,780 1.64 12.17 15.95 5.20 54.24 126,837 166,239 86.43 2.55 0.31 6.22
135 115 PCB Bank Los Angeles CA 2,419,997 1.56 12.14 11.88 4.03 48.20 14,499 35,633 61.21 0.33 (0.17) 17.01
136 106 CNB Financial Corporation Clearfield PA 5,475,179 1.20 12.13 13.86 3.85 60.82 34,336 63,188 90.34 0.52 (3.62) 17.62
137 202 Lone Star National Bank McAllen TX 3,061,875 1.23 12.13 16.21 3.12 60.84 32,729 46,570 85.65 0.73 3.46 3.04
138 95 The Bank of Missouri Perryville MO 2,796,291 1.22 12.09 10.98 3.11 68.18 53,510 34,115 85.15 0.49 (7.12) 10.95
139 142 Horizon Bancorp, Inc. Michigan City IN 7,872,518 1.24 12.06 13.66 2.86 53.04 46,085 93,408 82.98 0.30 (4.17) 13.73
140 162 Southside Bancshares, Inc. Tyler TX 7,558,636 1.43 12.03 13.42 3.32 47.02 45,399 105,020 87.54 0.14 5.21 13.85
141 143 Bravera Holdings Corp. Dickinson ND 2,910,705 0.99 12.03 12.81 NA NA 32,099 28,639 87.32 0.58 1.44 14.50
142 164 Cornerstone Bank York NE 2,373,745 1.21 12.02 14.99 3.61 60.04 17,804 31,516 79.68 0.15 9.03 21.20
143 161 Community Bancshares of Mississippi, Inc. Flowood MS 4,620,256 0.75 12.00 13.60 NA NA 33,132 35,479 73.89 0.29 (2.06) 3.19
144 121 Bank Independent Sheffield AL 2,369,774 1.13 11.97 14.46 4.51 69.01 23,310 25,499 84.99 0.19 4.26 21.97
145 NA OakStar Bank Springfield MO 2,022,239 1.22 11.84 12.66 3.44 68.13 27,956 23,107 83.24 0.40 7.63 24.98
146 200 BCB Community Bank Bayonne NJ 3,545,894 1.52 11.84 15.15 3.93 44.38 6,578 47,401 71.39 0.45 4.22 32.10
147 205 First Bank Hamilton NJ 2,732,940 1.40 11.83 13.07 3.75 47.60 5,120 36,287 76.82 0.25 2.24 10.02
148 NA First Western Bank and Trust Minot ND 2,022,880 1.12 11.80 10.62 3.81 62.24 16,246 21,658 77.23 1.25 5.00 17.40
149 118 Central Bank Provo UT 2,029,367 1.26 11.78 12.49 3.66 49.27 10,515 25,674 88.56 0.06 (6.01) 18.48
150 191 First Citizens National Bank Dyersburg TN 2,399,631 1.13 11.77 14.85 3.20 58.28 17,377 26,862 77.48 0.48 7.61 10.80
151 152 Triumph Financial, Inc. Dallas TX 5,333,783 1.79 11.74 11.46 7.82 69.59 54,273 102,311 88.07 0.38 (7.93) (15.51)
152 150 Community Trust Bancorp, Inc. Pikeville KY 5,380,316 1.50 11.66 12.74 3.32 47.04 58,084 81,814 79.32 1.71 7.44 8.72
153 132 Evans Bank, National Association Angola NY 2,163,105 1.06 11.62 13.22 3.57 60.78 9,434 23,373 88.59 1.19 (11.52) 6.40
154 133 Great Southern Bancorp, Inc. Springfield MO 5,680,702 1.38 11.62 13.44 3.80 56.39 32,771 75,948 72.66 0.08 (5.24) 12.34
155 177 Parkway Bank and Trust Company Harwood Heights IL 3,251,543 1.44 11.56 13.14 3.46 41.44 3,537 42,700 51.27 1.75 3.65 15.88
156 151 1st Source Corporation South Bend IN 8,339,416 1.49 11.50 12.97 3.45 51.64 89,576 120,532 83.76 0.32 (0.12) 12.31
157 NA Southern States Bank Anniston AL 2,048,225 1.60 11.50 14.04 4.16 45.12 9,365 30,271 78.54 0.32 4.89 26.68
158 211 Amalgamated Financial Corp. New York NY 7,843,124 1.05 11.44 15.65 3.20 52.06 28,564 81,477 96.58 0.44 3.59 24.07
159 153 Merchants Bank, National Association Winona MN 2,576,574 1.19 11.44 12.03 3.40 61.40 21,083 32,984 89.89 0.41 (9.96) 15.91
160 188 RBB Bancorp Los Angeles CA 3,919,058 1.62 11.42 13.66 4.02 NA 10,473 64,327 47.49 0.61 (36.28) 13.46
161 NA Farmers & Merchants Investment, Inc. Lincoln NE 7,703,245 1.26 11.39 12.45 3.01 57.18 161,500 90,298 82.30 0.55 3.17 14.78
162 170 FirstCapital Bank of Texas, N.A. Midland TX 2,160,944 1.90 11.35 15.23 4.56 47.45 10,005 40,483 78.97 0.58 9.47 7.38
163 190 ChoiceOne Bank Sparta MI 2,382,585 1.06 11.28 12.83 3.17 60.40 15,833 25,268 88.80 0.11 0.01 11.86
164 180 Peoples Security Bank and Trust Company Scranton PA 3,553,618 1.17 11.27 11.72 3.06 55.19 16,571 40,456 90.42 0.10 3.07 17.45
165 185 First Guaranty Bank Hammond LA 3,149,346 1.08 11.26 11.80 3.57 60.12 10,663 32,185 80.44 0.50 8.87 16.87
166 149 Capital City Bank Group, Inc. Tallahassee FL 4,525,958 0.92 11.22 10.28 3.13 NA 94,627 40,012 97.71 0.19 6.41 30.20
167 168 Civista Bancshares, Inc. Sandusky OH 3,537,830 1.21 11.22 12.47 3.80 NA 28,948 39,427 87.81 0.27 6.01 27.65
168 144 Cambridge Bancorp Cambridge MA 5,559,737 1.03 11.20 11.56 2.92 NA 41,852 52,909 87.82 0.12 1.43 22.49
169 NA Sierra Bancorp Porterville CA 3,608,590 0.97 11.17 10.66 3.47 NA 25,015 33,659 81.74 0.67 (4.95) 2.85
170 165 Texas Partners Bank San Antonio TX 2,054,918 1.19 11.15 14.24 3.29 56.46 13,075 24,452 96.41 0.02 0.80 17.62
171 189 Central Valley Community Bank Fresno CA 2,421,530 1.15 11.13 12.81 3.67 51.88 7,271 28,583 96.79 0.10 (1.04) 20.98
172 155 ACNB Bank Gettysburg PA 2,487,272 1.31 11.11 14.68 3.34 52.78 13,611 35,407 86.68 0.26 (5.11) 4.77
173 159 Orrstown Financial Services, Inc. Shippensburg PA 2,922,408 0.77 11.08 9.02 3.81 NA 26,806 22,037 89.53 0.73 3.23 8.60
174 186 First National Bank Alaska Anchorage AK 5,337,737 1.04 11.06 13.03 2.66 54.30 25,138 58,235 97.08 0.20 0.04 4.60
175 176 The First of Long Island Corporation Melville NY 4,281,511 1.11 10.98 12.13 2.89 NA 11,939 46,932 86.18 0.01 (3.26) 6.67
176 145 Austin Bank, Texas National Association Jacksonville TX 2,728,475 1.36 10.95 11.29 3.58 59.55 26,487 37,008 89.23 0.34 7.23 18.11
177 179 STAR Financial Bank Fort Wayne IN 2,993,588 0.82 10.91 12.57 2.96 69.02 25,632 24,919 95.55 0.27 (9.83) 7.28
178 178 TrustCo Bank Corp NY Glenville NY 6,000,052 1.22 10.89 12.60 2.99 50.31 18,992 75,234 80.19 0.48 (2.55) 6.66
179 203 Bank of New Hampshire Laconia NH 2,428,150 1.13 10.87 11.60 3.46 61.47 15,456 27,283 90.51 0.11 3.32 16.35
180 138 Hills Bancorporation Hills IA 3,980,481 1.20 10.81 11.32 2.97 NA 27,780 47,753 83.18 0.32 (4.91) 16.64
181 183 Origin Bancorp, Inc. Ruston LA 9,686,067 1.01 10.81 10.81 3.42 58.58 56,003 87,715 89.88 0.19 15.94 34.41
182 158 Home Bancorp, Inc. Lafayette LA 3,228,280 1.07 10.79 10.16 3.93 NA 13,859 34,072 87.27 0.53 3.55 31.95
183 197 FVCbank Fairfax VA 2,338,603 1.24 10.79 12.52 3.26 47.10 2,207 26,583 72.23 0.17 (20.07) 22.44
184 217 First Financial Corporation Terre Haute IN 4,989,281 1.41 10.77 14.37 3.54 NA 40,268 71,109 90.91 0.31 2.91 9.40
185 139 BTC Financial Corporation Des Moines IA 6,109,220 1.07 10.77 13.10 3.01 56.78 45,460 63,642 85.39 0.10 (6.52) 19.45
186 NA Texas Community Bank Laredo TX 2,184,597 1.43 10.74 15.61 3.07 48.51 11,077 29,106 81.80 0.02 13.22 (4.46)
187 171 CapStar Financial Holdings, Inc. Nashville TN 3,117,169 1.24 10.73 10.74 3.32 NA 23,554 39,017 73.54 0.35 (15.08) 15.09
188 212 Luther Burbank Corporation Santa Rosa CA 7,974,632 1.06 10.67 11.84 2.39 35.52 3,013 80,198 46.57 0.09 (15.41) 11.37
189 210 American National Bankshares Inc. Danville VA 3,065,902 1.07 10.66 10.36 2.97 NA 18,807 34,428 90.07 0.17 (7.78) 11.96
190 201 Business First Bancshares, Inc. Baton Rouge LA 5,990,460 0.99 10.65 11.29 3.92 NA 29,355 54,255 83.70 0.27 19.26 44.49
191 175 ConnectOne Bancorp, Inc. Englewood Cliffs NJ 9,644,948 1.43 10.64 10.88 3.69 39.04 14,764 125,211 67.46 1.00 (4.25) 18.86
192 134 Nicolet Bankshares, Inc. Green Bay WI 8,763,969 1.20 10.61 10.63 3.40 NA 58,164 94,260 87.49 0.46 10.91 33.67
193 166 First Community Bankshares, Inc. Bluefield VA 3,135,572 1.45 10.51 11.04 3.92 NA 35,130 46,662 89.42 0.73 0.88 10.85
194 273 Burke & Herbert Bank & Trust Company Alexandria VA 3,563,307 1.24 10.48 14.83 3.10 62.05 21,820 44,798 89.77 0.25 (0.95) 8.84
195 147 Republic Bancorp, Inc. Louisville KY 5,835,543 1.48 10.47 10.68 4.12 57.38 72,284 91,106 94.93 0.44 (5.21) (0.43)
196 195 First Commonwealth Financial Corporation Indiana PA 9,805,666 1.34 10.45 11.99 3.58 55.03 98,706 128,181 94.94 0.37 0.04 11.62
197 193 TriCo Bancshares Chico CA 9,930,986 1.28 10.32 11.67 3.88 51.36 63,077 125,419 97.31 0.34 14.65 31.27
198 NA Peoples Bank Munster IN 2,066,734 0.66 10.30 10.15 3.66 77.33 10,611 13,791 79.57 0.66 18.21 56.75
199 248 Vantage Bank Texas San Antonio TX 3,354,633 1.47 10.29 15.08 4.08 56.54 18,939 61,055 83.76 0.75 8.51 11.54
200 243 Westfield Bank Westfield MA 2,550,802 1.12 10.28 12.92 3.34 57.72 14,049 28,746 81.61 0.34 (1.59) 6.86