Slow Progress: Our Ranking of the Top 200 Community Banks

By Bonnie McGeer April 29, 2013, 1:00 a.m. EDT 18 Min Read

Seeking the Standouts: Mid-Tier Rankings

Texas is a hot spot for healthy ROE among banks with $2 billion to $10 billion in assets.

August 1

Profitability remains a challenge for banks and thrifts with less than $2 billion of assets. The median return on equity for publicly traded institutions in this size range is edging upward, from 3.48 percent in 2010, to 4.36 percent in 2011, and to 5.63 percent in 2012. But even with these gains, the ROE for the group still falls short of a cost of equity generally projected to be more than 9 percent.

Here we rank the best performers, based on their average return on equity over the past three years. These institutions are faring better than their overall peer groupthe median ROE for the top 200 rose from 9.57 percent in 2010 to 10.01 percent in 2011 and to 10.15 in 2012but the pressure on profitability is evident.

The three-year average ROE helps illustrate the point. By that measure, those that earned a spot on our annual list had a median of 9.58 percent, data from SNL Financial indicates. That is roughly unchanged from the 9.56 percent median for our top 200 last year.

It also is worth noting that about 70 of the institutions that performed well enough to be ranked here still have a three-year average ROE below the 9 percent mark.

Larger institutions generally are doing better than their counterparts. The median asset size for those on this list is $600 million. For the overall peer group, the median asset size is smaller by roughly a third, at $377 million.

And the size gap is widening. Though assets are up for both the best and the rest, the growth is greater for the top 200. The median asset size for last year's list was $553 million, compared with $344 million for the larger group. Noninterest income continues to be a differentiator for the top performers as well. In 2012, they had median noninterest income of $4.42 million, versus $2.57 million for all 851 institutions fitting the selection criteria.

Top 200 Community Banks and Thrifts as Ranked by 3-Year Average ROE
Rank	Institution	Location	Total Assets ($000)	Market Value ($M)	Closing Price ($)	3-YR ROAE Avg. (%)	ROE (%)	ROA (%)	Net Interest Margin (%)	Net Income ($000)	Total Noninterest Income ($000)	Efficiency Ratio (%)	Total Risk-Based Capital
1	Citizens Financial Services	Mansfield, PA	882,427	142	49	17.8	17.5	1.6	4	14,215	7,233	47.7	17.5
2	Penns Woods Bancorp	Williamsport, PA	856,535	155	40.48	15.8	15.4	1.7	4.4	13,850	8,706	50.9	15
3	Southern Missouri Bancorp	Poplar Bluff, MO	770,201	85	26	15.4	10.2	1.3	4.1	9,645	4,228	51.5	18.7
4	Access National Corp.	Reston, VA	863,914	169	16.32	15.1	19.7	2.1	3.9	17,723	54,794	65.3	15.4
5	Hingham Institution for Savings	Hingham, MA	1,205,884	148	69.65	15	15.1	1.1	3.4	13,290	1,666	40.7	13.8
6	Minster Financial Corp.	Minster, OH	366,777	46	44	15	15.7	1.3	3.7	4,535	3,739	55.6	15
7	American Bank	Allentown, PA	530,060	41	7.25	14.6	13.5	0.9	2.6	4,554	1,070	50.5	14.5
8	Cass Information Systems	Saint Louis, MO	1,287,387	480	41.85	14.6	13.9	1.7	4	23,303	68,503	68.4	19.9
9	Malaga Financial Corp.	Palos Verdes Estates, CA	851,000	102	17.2	14.6	13.6	1.4	3.6	11,689	582	34.5	NA
10	Merchants Bancshares	South Burlington, VT	1,708,550	180	30.15	14.6	13.4	0.9	3.3	15,194	9,891	66.5	16
11	Peoples Financial Services Corp.	Hallstead, PA	671,523	102	33	14.5	14.9	1.4	4	9,120	4,801	50.4	13.4
12	Muncy Bank Financial	Muncy, PA	322,975	59	38	14.4	15	1.5	4.3	4,842	1,807	49.4	15.1
13	Birmingham Bloomfield Bancshares	Birmingham, MI	152,773	9	4.95	14.2	6.5	0.8	4.7	1,076	1,243	71	11.1
14	Baker Boyer Bancorp	Walla Walla, WA	546,906	97	74	14.2	14.3	1.2	3.7	6,327	10,699	68.5	14.5
15	Lyons Bancorp	Lyons, NY	665,000	59	40	14.1	14.9	1	3.3	6,200	6,500	65	13.2
16	Union Bankshares	Morrisville, VT	577,256	91	20.42	14.1	16.5	1.2	4.1	6,844	9,604	73.1	13
17	Chesapeake Financial Shares	Kilmarnock, VA	667,718	56	17.4	14.1	13.4	1.2	4.4	7,676	16,268	67.3	14.8
18	Cambridge Bancorp	Cambridge, MA	1,417,986	160	41.5	13.9	13.4	1	3.6	13,403	19,607	69.1	15.2
19	Berkshire Bancorp	New York, NY	825,749	120	8.29	13.9	8.5	1.2	2.7	10,683	1,034	72.4	38.1
20	Bridge Bancorp	Bridgehampton, NY	1,624,713	193	21.52	13.8	11.8	0.9	3.5	12,772	8,026	59.4	14.2
21	West Milton Bancorp	West Milton, PA	333,096	42	55	13.8	13.3	1.4	3.3	4,387	1,570	52.9	15.7
22	Meta Financial Group	Sioux Falls, SD	1,763,270	145	26.49	13.7	15.7	1.1	2.5	17,148	53,343	82.3	NA
23	First Community Financial Corp.	Mifflintown, PA	420,705	42	30	13.7	13.6	1.1	3.6	4,532	3,157	58.8	19.4
24	Canandaigua National Corp.	Canandaigua, NY	1,887,028	233	122.25	13.7	13.5	1	4	18,617	35,241	60.2	12.9
25	Citizens & Northern Corp.	Wellsboro, PA	1,286,907	241	19.57	13.6	12.9	1.7	4.3	22,705	16,111	48.8	24
26	Somerset Trust Holding Co.	Somerset, PA	796,562	75	30.5	13.4	14.1	1.3	4.5	9,597	10,103	66	13.3
27	Centerpointe Community Bank	Hood River, OR	102,010	8	7	13.4	13.4	1.3	5.1	1,161	321	79.3	13.4
28	QNB Corp.	Quakertown, PA	919,874	79	24.5	13.2	13.1	1	3.4	9,175	4,832	57.4	13.6
29	C&F Financial Corp.	West Point, VA	977,018	137	41.87	13.1	16.9	1.7	7.9	16,382	33,452	60.6	16.6
30	Commercial National Financial Corp.	Latrobe, PA	373,062	67	23.51	13.1	13.3	2	4.3	7,265	2,772	66.9	23.9
31	Embassy Bancorp	Bethlehem, PA	642,492	47	6.5	12.9	11.8	0.9	3.5	5,743	1,350	61.1	12.3
32	American Business Bank	Los Angeles, CA	1,304,503	129	29	12.8	11.4	0.9	3.2	10,884	1,322	62.7	17.6
33	Benchmark Bankshares	Kenbridge, VA	438,508	51	19.5	12.7	13.3	1.4	5.1	6,118	3,545	59.3	16.7
34	Woodlands Financial Services Co.	Williamsport, PA	321,565	32	42	12.4	11.2	1	3.4	3,163	3,181	65.6	13.2
35	Seacoast Commerce Bank	San Diego, CA	200,702	21	4.75	12.4	19.4	2.5	4.4	4,003	6,397	91.7	16.2
36	Thomasville Bancshares	Thomasville, GA	518,982	65	23	12.4	12.6	1.2	3.6	5,768	5,573	50.3	11.9
37	Trinity Bank, N.A.	Fort Worth, TX	199,753	41	36	12.4	12.8	1.5	3.4	2,581	394	43.6	16.9
38	National Bankshares	Blacksburg, VA	1,104,361	246	35.43	12.3	12	1.6	4.4	17,747	8,714	41.4	22.4
39	Commercial National Financial Corporation	Ithaca, MI	364,729	27	8.25	12.2	9.7	0.6	3.4	2,063	2,672	71.5	14.8
40	Virginia Heritage Bank	Vienna, VA	781,574	65	15	12.1	11.6	1.1	3.7	7,646	12,882	62.9	12.1
41	Monarch Financial Holdings	Chesapeake, VA	1,215,578	112	10.73	12.1	17	1.4	4.3	13,800	89,771	79.9	12.1
42	FPB Financial Corp.	Hammond, LA	197,855	16	45.5	12.1	10.9	1	5	1,857	2,534	67.2	17.6
43	CNB Financial Corporation	Clearfield, PA	1,773,079	212	16.94	12	12.2	1	3.5	17,136	11,127	53.7	15.3
44	Bank of Marin Bancorp	Novato, CA	1,434,749	213	39.37	12	12.4	1.2	4.8	17,817	7,146	54	13.7
45	BEO Bancorp	Heppner, OR	284,800	19	19.75	12	12.9	0.9	5.4	2,462	1,953	63.7	13.7
46	Farmers & Merchants Bancorp	Lodi, CA	1,974,686	366	470	12	11.6	1.2	4.2	23,349	13,952	52.4	15
47	First Robinson Financial Corp.	Robinson, IL	233,404	14	32.25	12	11.7	1	3.4	2,271	2,925	60.7	17.1
48	Steuben Trust Corp.	Hornell, NY	419,489	42	25.5	11.9	11.3	1.1	3.7	4,463	4,399	67	17.1
49	Security National Corporation	Dakota Dunes, SD	1,228,528	119	65	11.8	11.5	1.1	3	13,188	18,236	59.6	16.2
50	Greene County Bancorp (MHC)	Catskill, NY	624,548	84	20.1	11.7	11.9	1.1	3.7	6,259	5,018	58.9	18.1
51	Bank of Utica	Utica, NY	905,483	110	439	11.7	11.3	1.7	2.6	15,526	1,651	25	18.6
52	Pacific Premier Bancorp	Irvine, CA	1,173,792	197	12.76	11.6	16.3	1.5	4.6	15,776	5,438	57.2	14.4
53	Washington Banking Company	Oak Harbor, WA	1,687,677	217	13.99	11.6	9.6	1	5.5	16,844	4,437	56.3	19.4
54	Jonestown Bank and Trust Co.	Jonestown, PA	397,492	43	28.25	11.5	10.8	1	3.8	4,069	3,031	60.6	12.7
55	LCNB Corp.	Lebanon, OH	788,637	123	16.1	11.5	10.2	1	3.5	8,270	7,196	63.1	15.9
56	Honat Bancorp, Inc.	Honesdale, PA	580,179	88	345	11.4	10.7	1.4	3.7	7,832	6,089	55	18.1
57	Cashmere Valley Financial Corp.	Cashmere, WA	1,238,687	122	30.1	11.4	11.5	1.1	3.1	13,344	10,012	54	16.4
58	Home Loan Financial Corp.	Coshocton, OH	167,238	25	17.65	11.2	13.7	1.7	4.8	2,749	1,266	48.8	17.2
59	Northeast Bancorp	Lewiston, ME	704,710	90	9.5	11.2	3.9	0.6	4.1	3,767	10,167	84.1	29.4
60	Horizon Bancorp	Michigan City, IN	1,848,227	176	20.37	11.1	13.8	1.2	3.8	19,543	27,458	60.8	13.7
61	West Bancorporation	West Des Moines, IA	1,448,175	192	11.04	11	12.3	1.2	3.4	16,011	10,110	51.6	15.6
62	Heartland BancCorp	Gahanna, OH	579,000	55	36	11	12.4	1.2	4.1	6,699	3,058	61.9	15.4
63	First Keystone Corp.	Berwick, PA	819,966	142	26	10.9	10.2	1.3	4.2	10,170	5,309	53	14.5
64	Mifflinburg Bank & Trust Co.	Mifflinburg, PA	338,709	NA	25	10.9	10.5	1.1	3.2	3,606	2,189	57.7	15.6
65	PSB Holdings	Wausau, WI	711,966	46	28	10.9	11.3	0.9	3.4	6,009	5,717	60.4	14.9
66	CB Financial Services	Carmichaels, PA	546,458	51	21	10.8	10.4	0.8	3	4,217	3,519	69.9	13.1
67	Bank of South Carolina Corp.	Charleston, SC	325,411	54	12.19	10.8	11	1.2	3.9	3,667	2,345	60.8	13.7
68	Iowa First Bancshares Corp.	Muscatine, IA	444,229	37	32.5	10.8	11.5	1	3.4	4,106	3,768	62.3	14.6
69	Citizens National Bancshares of Bossier	Bossier City, LA	693,583	93	23.77	10.8	9.8	1.1	4.4	7,005	5,115	66.2	14.6
70	Northumberland Bancorp	Northumberland, PA	464,913	43	32	10.7	11.1	1	2.9	4,448	3,470	63.6	21.3
71	Parke Bancorp	Sewell, NJ	770,477	38	7.15	10.6	10	1	4.1	8,069	5,367	38	16.3
72	Dimeco	Honesdale, PA	603,605	62	38.25	10.6	11.4	1.1	4.1	6,614	4,305	52.8	12.8
73	Ames National Corp.	Ames, IA	1,217,692	194	20.85	10.6	10.1	1.2	3.3	14,182	7,048	46.2	15.9
74	First Bankers Trustshares	Quincy, IL	804,568	60	29	10.6	10.2	0.9	2.7	6,840	13,283	64.4	15.6
75	Farmers and Merchants Bank	Upperco, MD	275,679	23	28.4	10.5	12.2	1.2	4.8	3,158	1,470	61.4	13.4
76	Solvay Bank Corp.	Solvay, NY	653,750	57	28	10.5	10.3	1	3.5	6,173	4,240	59.6	21
77	Centrix Bank & Trust	Bedford, NH	823,398	77	24.5	10.4	8.8	0.9	3.7	6,864	1,087	56.3	13.8
78	Provident Financial Holdings	Riverside, CA	1,248,330	178	17.05	10.3	15.2	1.8	2.9	22,308	69,044	61.5	20.1
79	Commercial Bancshares	Upper Sandusky, OH	301,564	23	20.05	10.3	10.3	1	4.7	2,938	2,297	66.2	12.5
80	Community Bank Shares of Indiana	New Albany, IN	819,500	56	16.5	10.2	9.1	0.9	4.1	7,685	6,242	67.1	19.1
81	F&M Bank Corp.	Timberville, VA	596,904	44	17.5	10.2	10.6	0.9	3.9	5,047	3,704	54.2	14
82	Jeff Davis Bancshares	Jennings, LA	592,225	80	51	10.1	9.1	1.2	4.5	6,303	7,445	67.9	17.8
83	Community Bancorp.	Newport, VT	575,738	59	12.2	10.1	10.9	0.8	3.7	4,401	5,839	76.3	13.1
84	GNB Financial Services	Gratz, PA	182,513	28	55	10.1	9.5	1.3	3.9	2,279	610	53.6	24.1
85	F.S. Bancorp	LaGrange, IN	493,945	48	43.35	10	11.2	1.1	4	5,181	4,638	64.2	14
86	Bar Harbor Bankshares	Bar Harbor, ME	1,302,935	140	35.72	10	9.9	1	3.2	12,466	6,624	54.7	15.8
87	Denver Bankshares	Denver, CO	202,651	22	280	10	8.2	0.9	4.2	1,600	823	69.4	15.2
88	Siuslaw Financial Group	Florence, OR	319,686	32	7.75	9.9	9.9	1	4.4	3,390	7,213	73.1	17.9
89	Alerus Financial Corp.	Grand Forks, ND	1,321,944	159	35	9.8	13.1	1.5	4.4	17,869	79,927	74.6	14.3
90	Norwood Financial Corp.	Honesdale, PA	672,299	101	30.55	9.8	9.2	1.2	4.1	8,403	3,787	52.7	17.5
91	Pioneer Bankshares	Stanley, VA	172,958	21	22	9.8	11	1.3	5.3	2,262	1,108	59.5	15
92	Rockport National Bancorp	Rockport, MA	186,214	13	63	9.7	7.2	0.6	4.1	1,178	1,109	76	14.6
93	Empire National Bank	Islandia, NY	438,399	38	8.75	9.7	8.9	0.9	3.5	3,624	605	89.3	15.9
94	First Manitowoc Bancorp	Manitowoc, WI	1,020,426	101	15.5	9.7	10.7	1.1	3.9	10,420	7,693	51.1	12.3
95	Bank of Kentucky Financial Corp.	Crestview Hills, KY	1,844,104	208	27.85	9.7	11.1	1	3.6	18,145	22,642	57.3	13.3
96	Redwood Financial	Redwood Falls, MN	206,418	7	15.53	9.7	10.3	1.3	4.9	2,637	2,995	55.3	15.6
97	County Commerce Bank	Ventura, CA	203,363	22	15.55	9.6	10.1	0.9	3.6	1,724	322	57	16.5
98	Adirondack Trust Co.	Saratoga Springs, NY	1,016,311	113	1,475.00	9.6	9.2	1	2.9	9,468	20,139	77.1	18.2
99	CCFNB Bancorp	Bloomsburg, PA	607,721	81	36.85	9.6	9.7	1.2	3.5	7,153	7,012	56.7	19.6
100	Center Bancorp	Union, NJ	1,629,765	205	12.51	9.6	11.7	1.1	3.3	17,507	4,299	49.3	12.2
101	Keweenaw Financial Corp.	Hancock, MI	550,800	50	116	9.6	9.1	1	3.1	5,560	3,412	55.2	21.9
102	Evans Bancorp	Hamburg, NY	809,676	76	18.15	9.6	11.2	1	3.8	8,132	12,823	70.1	14.7
103	Santa Cruz County Bank	Santa Cruz, CA	356,016	30	15.19	9.6	10.1	0.8	4.2	2,840	2,859	65.7	13.2
104	Middlefield Banc Corp.	Middlefield, OH	670,288	61	30.25	9.6	12	1	3.7	6,281	2,841	55.6	13.9
105	Teche Holding Co.	New Iberia, LA	839,698	83	40.8	9.5	10.2	1	4.1	8,585	17,445	70.2	15.5
106	Consumers Bancorp	Minerva, OH	344,582	36	17.3	9.5	9.4	0.8	4	2,648	2,565	72.4	13.4
107	Southeastern Bank Financial Corp.	Augusta, GA	1,662,502	137	20.5	9.5	11.4	0.9	3.4	14,435	21,182	57.8	15
108	First Business Financial Services	Madison, WI	1,226,108	105	26.8	9.5	12.7	0.8	3.4	8,926	8,555	60.5	13
109	United Tennessee Bankshares	Newport, TN	187,126	13	15	9.4	8.9	0.8	3.6	1,498	534	53.2	21.5
110	Luzerne National Bank Corp.	Luzerne, PA	319,051	42	62	9.4	9.5	0.9	4.1	2,646	1,910	66.1	12.3
111	NorthWest Indiana Bancorp	Munster, IN	691,845	71	25	9.4	10.3	1	3.8	6,853	5,405	69.1	14.6
112	First Menasha Bancshares	Neenah, WI	337,190	15	51	9.4	8.6	1	4	3,102	2,432	59.8	14.8
113	Northrim BanCorp	Anchorage, AK	1,160,107	145	22.28	9.4	10.2	1.2	4.3	13,458	15,096	66.7	16.6
114	First Sentry Bancshares	Huntington, WV	493,529	37	25.5	9.3	9.7	0.6	3.5	3,161	1,639	52.8	12.6
115	Auburn National Bancorporation	Auburn, AL	759,833	79	21.7	9.3	9.8	0.9	3.2	6,763	6,536	52.8	17.5
116	First BancTrust Corp.	Paris, IL	389,563	28	13.06	9.3	9.9	0.9	3.9	3,426	5,057	60.4	15.2
117	Blue Ridge Bankshares	Luray, VA	208,330	10	10.5	9.3	9.3	0.8	3.5	1,586	711	58.5	15.2
118	Harleysville Savings Financial Corp.	Harleysville, PA	802,890	68	18	9.3	8.5	0.6	2.4	4,989	2,373	62.9	14.2
119	Chemung Financial Corp.	Elmira, NY	1,248,160	154	33.5	9.3	8.4	0.9	4.1	11,022	16,142	72	13.1
120	DNB Financial Corp.	Downingtown, PA	639,568	45	16.75	9.2	9.6	0.8	3.8	5,239	4,110	66.4	15.9
121	Enterprise Bancorp	Lowell, MA	1,665,726	162	16.67	9.2	9.3	0.8	4.3	12,375	11,852	69.8	11.5
122	Farmers National Banc Corp.	Canfield, OH	1,139,695	120	6.38	9.2	8.4	0.9	3.8	9,932	11,519	70.5	17.4
123	Bay Commercial Bank	Walnut Creek, CA	316,583	40	8.35	9.2	4.3	0.7	4.2	2,155	738	57.2	21.7
124	Kish Bancorp	Reedsville, PA	557,580	40	66.5	9.2	8.2	0.6	3.3	3,630	6,157	80.3	14.1
125	Greater Hudson Bank, National Association	Middletown, NY	309,175	45	4.51	9.1	6.6	0.8	3.7	2,507	188	64.6	17.3
126	Avidbank Holdings	Palo Alto, CA	415,721	26	10	9.1	7.7	0.7	4.2	2,745	467	68.4	12
127	Independent Alliance Banks	Fort Wayne, IN	943,969	83	60.5	9.1	8.7	0.9	3.5	9,007	9,180	63.9	14.7
128	American Riviera Bank	Santa Barbara, CA	171,413	21	8.3	9	5.2	0.8	5.1	1,193	352	67.6	17.9
129	Northeast Indiana Bancorp	Huntington, IN	271,403	21	16.89	9	10.4	1.1	3.6	2,856	2,633	57.2	18.2
130	Peoples Limited	Wyalusing, PA	248,756	21	45.5	9	11.9	1	4.2	2,467	2,543	73.1	13.6
131	Tower Financial Corp.	Fort Wayne, IN	683,973	62	13.35	9	8.8	0.9	3.8	5,744	8,366	64	15.9
132	Merchants Financial Group	Winona, MN	1,285,476	87	32	9	11.2	0.9	3.4	12,439	28,820	73.4	14
133	ACNB Corp.	Gettysburg, PA	1,049,995	99	16.63	9	8.9	0.9	3.6	8,886	11,797	64.6	14.9
134	Mercantile Bank Corp.	Grand Rapids, MI	1,422,926	147	16.89	8.9	8.2	0.9	3.7	12,535	7,994	68.5	14.6
135	FFD Financial Corp.	Dover, OH	245,067	20	19.5	8.9	11.8	1	3.8	2,405	1,676	58.2	12.7
136	ENB Financial Corp.	Ephrata, PA	799,186	81	28.26	8.9	8.9	1	3.4	7,642	6,081	70.3	18.1
137	First Guaranty Bancshares	Hammond, LA	1,400,000	82	13	8.9	9.2	0.9	3.2	12,059	4,797	62.5	15.3
138	Valley Financial Corp.	Roanoke, VA	764,584	44	9.25	8.9	10.3	0.8	3.6	6,489	4,099	62.9	14.8
139	Fresno First Bank	Fresno, CA	210,500	19	10.25	8.8	5.7	0.6	4.1	1,171	1,131	68.7	22.2
140	American National Bankshares	Danville, VA	1,283,687	171	21.7	8.8	10.1	1.2	4.4	16,006	10,757	54.1	17
141	Mauch Chunk Trust Financial Corp.	Jim Thorpe, PA	305,011	38	12.25	8.8	9.6	1	3.4	3,198	2,578	71.8	17.3
142	Hamlin Bank and Trust Co.	Smethport, PA	434,340	83	220	8.8	9.4	1.6	3.5	6,649	1,005	46	27.2
143	Glen Burnie Bancorp	Glen Burnie, MD	387,438	32	11.61	8.8	8.2	0.7	3.5	2,665	1,659	75.9	14
144	FNBPA Bancorp	Port Allegany, PA	100,876	9	35.34	8.8	7.6	0.8	3.5	741	359	77.1	22.9
145	Tri City Bankshares Corp.	Oak Creek, WI	1,231,906	131	14.75	8.8	6.6	0.7	3.9	8,152	15,484	70.5	15.4
146	Kentucky Bancshares	Paris, KY	701,010	66	24.25	8.8	9.8	1	4	7,008	11,870	69.9	14.7
147	Juniata Valley Financial Corp.	Mifflintown, PA	448,869	75	17.85	8.8	7.3	0.8	3.7	3,648	4,537	65.7	18.3
148	Penseco Financial Services Corp.	Scranton, PA	918,042	123	37.58	8.7	8.1	1.1	4.1	10,589	11,124	63.2	18
149	Ballston Spa Bancorp	Ballston Spa, NY	421,389	23	31.25	8.6	7.6	0.6	3.4	2,355	2,797	74.3	14
150	Glenville Bank Holding Company	Scotia, NY	402,049	14	78	8.6	8.5	0.6	3.7	2,330	3,346	77.6	10.5
151	First Internet Bancorp	Indianapolis, IN	636,367	43	23.1	8.6	9.5	0.9	2.7	5,606	11,645	59.8	11
152	ESB Financial Corp.	Ellwood City, PA	1,927,614	201	13.69	8.6	8.3	0.8	2.6	15,822	6,609	55.9	NA
153	Codorus Valley Bancorp	York, PA	1,059,737	72	16.12	8.6	9.5	0.9	3.8	9,394	7,763	59.6	14.8
154	Comunibanc Corp.	Napoleon, OH	246,442	20	24.5	8.6	7.7	0.8	3.7	2,090	1,087	72.4	19
155	BancAffiliated	Arlington, TX	336,071	38	45	8.5	13.4	1.5	5.5	4,077	17,069	73.6	13.8
156	Citizens Holding Co.	Philadelphia, MS	880,840	95	19.5	8.5	7.7	0.8	3.9	6,784	6,942	69.6	18.2
157	Freedom Bank of Virginia	Fairfax, VA	238,642	22	7.6	8.5	4.9	0.5	3.8	1,192	868	78.7	15
158	Community Business Bank	West Sacramento, CA	147,510	17	7.7	8.5	8	1.2	4.6	1,738	322	77.2	19.6
159	FNB Bancorp	Newtown, PA	819,838	106	128	8.5	8.9	0.9	3	7,375	6,551	69.8	22.6
160	First Mid-Illinois Bancshares	Mattoon, IL	1,578,032	142	23.95	8.5	9.3	0.9	3.5	14,025	17,249	61.4	15.7
161	Peapack-Gladstone Financial Corp.	Bedminster, NJ	1,667,836	133	14.81	8.5	8.4	0.6	3.5	9,696	17,582	67	13.1
162	Ohio Valley Banc Corp.	Gallipolis, OH	769,223	78	19.2	8.5	9.5	0.9	4.3	7,052	8,633	70.2	17.2
163	Virginia National Bank	Charlottesville, VA	507,606	42	15.75	8.4	10.9	1.1	3.4	5,481	11,907	67.9	16.2
164	Katahdin Bankshares Corp.	Patten, ME	576,697	38	11.25	8.4	7.7	0.8	4.1	4,361	3,420	72	14.6
165	Orange County Bancorp	Middletown, NY	663,762	77	39.35	8.4	8.2	1.2	3.7	7,779	4,041	56.6	23.8
166	Sutter Community Bank	Yuba City, CA	69,089	6	6	8.4	4.9	0.6	5.1	425	665	64.5	19.2
167	Eagle Financial Services	Berryville, VA	593,276	74	22.1	8.4	10.7	1.2	4.4	6,550	6,082	60.5	18
168	Merchants & Marine Bancorp	Pascagoula, MS	572,477	51	38.25	8.4	8.1	0.8	3.6	4,550	7,762	67.5	21.2
169	Farmers Bank of Appomattox	Appomattox, VA	199,932	18	16.75	8.4	8.2	1	3.9	1,988	903	65.2	19.2
170	Farmers & Merchants Bancorp	Archbold, OH	946,660	101	21.5	8.3	9.1	1	3.2	9,788	10,744	60.1	17.4
171	NBT Holdings	Nashville, TN	300,248	31	14.61	8.3	10.6	1.1	3.3	2,898	4,721	67.5	15.4
172	MidWestOne Financial Group	Iowa City, IA	1,792,819	199	23.47	8.3	10.1	1	3.5	16,751	15,089	58.8	14
173	Elmira Savings Bank	Elmira, NY	536,936	56	24.25	8.3	7.9	1	3.3	5,218	5,975	60.8	18.2
174	Northway Financial	North Conway, NH	873,629	42	16	8.3	8.3	0.8	3.5	6,494	7,308	81.3	18.1
175	CBT Financial Corp.	Clearfield, PA	418,124	29	29	8.3	7.4	0.8	3.8	3,137	4,340	71.1	17
176	MNB Holdings Corp.	San Francisco, CA	171,799	10	21	8.3	6.2	0.7	5.1	1,167	1,436	79.8	14.4
177	FC Banc Corp.	Bucyrus, OH	367,436	25	27.75	8.3	10.8	1	3.4	3,577	2,887	70.7	15.1
178	Minden Bancorp	Minden, LA	276,491	36	15.19	8.2	7.7	1.2	3.4	3,035	719	48.5	26.3
179	Middlebury National Corp.	Middlebury, VT	302,355	27	30	8.2	9.8	0.9	3.8	2,562	3,703	71.2	14.6
180	BCB Bancorp	Bayonne, NJ	1,171,358	83	9.79	8.2	-2.3	-0.2	3.6	-2,062	2,944	71.6	13.6
181	River Valley Bancorp	Madison, IN	472,855	30	19.43	8.1	11.7	1	3.2	4,012	3,784	68.9	13.7
182	Oak Valley Bancorp	Oakdale, CA	660,480	64	8.14	8.1	8.3	0.9	4.5	5,781	3,126	65.2	16.1
183	BankGuam Holding Co.	Hagatna, GU	1,211,381	64	7.25	8.1	9.3	0.7	5	8,620	11,216	78.2	13.3
184	First Bancorp	Damariscotta, ME	1,414,999	190	18.05	8.1	8.1	0.9	3.1	12,688	9,310	49.4	16.1
185	Pascack Bancorp	Waldwick, NJ	377,088	14	5.85	8.1	7.1	0.5	4.3	1,891	1,027	68.1	10
186	Hocking Valley Bancshares	Athens, OH	244,178	28	570	8.1	8	0.8	3.8	1,893	1,310	68.3	18.2
187	First Capital	Corydon, IN	459,132	55	19.9	8	7.9	0.9	3.9	3,935	4,508	63	15.6
188	High Country Bancorp	Salida, CO	190,796	20	22.6	8	8.4	1	5	1,884	1,632	66.5	18.9
189	New Hampshire Thrift Bancshares	Newport, NH	1,270,477	94	13.29	8	6.9	0.7	2.9	7,759	10,496	71.6	NA
190	Georgia-Carolina Bancshares	Augusta, GA	506,175	50	14.12	8	12.2	1.3	3.7	6,621	14,718	65.1	16.9
191	Neffs Bancorp	Neffs, PA	294,245	44	264.5	8	8.7	1.5	3.3	4,245	250	39.9	32.8
192	Benton Financial Corp.	Fowler, IN	142,393	11	14.5	8	10.1	1.4	4	1,890	407	70	20
193	Premier Valley Bank	Fresno,CA	554,425	86	6.65	8	9.2	1.1	4	6,105	4,382	51.5	15.3
194	CSB Bancorp	Millersburg, OH	586,900	51	18.75	7.9	8.8	0.8	3.4	4,547	4,204	64.6	13.3
195	First West Virginia Bancorp	Wheeling, WV	306,547	28	16.48	7.9	7.8	0.9	3.4	2,538	1,261	71.8	22.1
196	Community Bankers Corp.	Indiana, PA	285,222	19	9	7.9	8.6	0.6	3.2	1,627	1,083	81.5	13.4
197	Old Line Bancshares	Bowie, MD	861,856	84	12.32	7.9	10.8	0.9	4.4	7,465	2,551	65.1	11.4
198	Jacksonville Bancorp	Jacksonville, IL	321,446	36	19	7.9	8.2	1.1	3.6	3,567	3,724	70.2	17.7
199	Citizens Bancorp	Corvallis, OR	500,590	60	13.1	7.9	7.5	0.9	4.2	4,322	3,087	67.1	17.3
200	PSB Holding Corp.	Preston, MD	294,845	12	26.06	7.8	5.8	0.5	3.7	1,359	1,233	75.2	12.3
	Median for top 200		600,255			9.6	10.15	1.0	3.7	6,146	4,418	64.1	15.3
	Median for all 851 companies		377,088			4.2	5.63	0.6	3.6	1,865	2,570	74.0	15.9

Note: Ranking is of exchange-traded banks and thrifts with less than $2 billion in total assets as of Dec. 31, 2012. Those with zero average daily trading volume over the past 365 days were excluded, as were those with total risk-based capital of less than 10 percent. Shown are the most profitable 200 institutions of all 851 fitting the criteria. Ranking based on the average return on equity for the three years ending Dec. 31 2010, 2011 and 2012. Financial data based on GAAP filings. If unavailable, regulatory filing information was used. The data is for full-year 2012, except where indicated. All data is as of March 28. Market value is calculated using the most recently publicly available information regarding share count and the closing price on March 27.
Source: SNL Financial
© 2013 American Banker Magazine

Bonnie McGeer