RankingBanking 24 Digital (1) - Flipbook - Page 37
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Profitability
Rank
Company Name
Ticker
Capital Adequacy
Asset Quality
State
Total Assets
($MM)
Core
ROAA (%)
ROA
Rank
Core
ROAE (%)
ROE
Rank
Tang Common
Equity /Tang
Assets (%)
TCE
Rank
NPAs/ Loans
& OREO (%)
NPA
Rank
Final
Score
82
ENB Financial Corp
ENBP
PA
2,001
0.71
89
12.91
33
5.98
111
0.20
35
268
83
LCNB Corp.
LCNB
OH
2,292
0.82
74
7.87
92
6.82
97
0.00
6
269
84
Waterstone Financial
WSBF
WI
2,213
0.44
105
2.61
112
15.52
3
0.28
50
270
85
First Bank
FRBA
NJ
3,609
0.93
57
8.98
77
8.89
39
0.82
100
273
86
Arrow Financial Corp.
AROW
NY
4,170
0.83
72
9.39
72
8.62
47
0.65
90
281
87
ESSA Bancorp
ESSA
PA
2,225
0.87
66
8.29
86
9.35
30
0.82
101
283
88
Chemung Financial Corp.
CHMG
NY
2,711
0.87
68
13.02
31
6.45
106
0.54
82
287
89
Bank of Marin Bancorp
BMRC
CA
3,804
0.63
96
6.05
104
9.73
24
0.39
64
288
90
BCB Bancorp
BCBP
NJ
3,832
0.85
70
10.76
56
7.41
82
0.57
86
294
91
SmartFinancial
SMBK
TN
4,829
0.77
84
8.28
87
7.47
79
0.28
51
301
92
Western New England Bancorp
WNEB
MA
2,565
0.60
99
6.57
103
8.75
42
0.32
58
302
93
Blue Foundry Bancorp
BLFY
NJ
2,045
(0.36)
118
(1.99)
118
17.37
1
0.43
70
307
94
Norwood Financial Corp.
NWFL
PA
2,201
0.80
78
9.81
62
6.98
94
0.48
75
309
94
Third Coast Bancshares
TCBX
TX
4,396
0.85
71
8.35
85
7.46
80
0.46
73
309
96
Southern First Bancshares
SFST
SC
4,056
0.34
109
4.44
107
7.70
72
0.11
23
311
97
Citizens Financial Services
CZFS
PA
2,975
0.94
55
9.31
74
6.62
104
0.56
83
316
98
Sterling Bancorp
SBT
MI
2,416
0.30
110
2.36
113
13.56
7
0.66
92
322
99
FineMark Holdings
FNBT
FL
4,101
0.13
116
1.84
115
7.23
87
0.06
16
334
99
Tri City Bankshares Corp.
TRCY
WI
2,079
0.68
93
10.07
60
6.90
96
0.56
85
334
101 Colony Bankcorp
CBAN
GA
3,053
0.75
85
9.53
69
6.73
100
0.54
81
335
102 BankFirst Capital Corp.
BFCC
MS
2,728
0.95
54
7.03
102
3.98
119
0.53
80
355
102 Evans Bancorp
EVBN
NY
2,109
0.60
100
8.12
88
8.37
53
1.58
114
355
102 Farmers & Merchants Bancorp
FMAO
OH
3,283
0.80
76
8.37
82
7.03
93
0.87
104
355
102 Investar Holding Corp.
ISTR
LA
2,815
0.66
94
8.35
84
6.65
103
0.46
74
355
106 Ponce Financial Group
PDLB
NY
2,751
0.13
115
0.68
116
9.68
25
0.88
105
361
107 Hanover Bancorp
HNVR
NY
2,270
0.62
97
7.05
100
7.22
88
0.74
97
382
108 LINKBANCORP
LNKB
PA
2,669
(0.05)
117
(0.49)
117
7.06
92
0.31
57
383
109 Carter Bankshares
CARE
VA
4,513
0.57
102
7.23
97
7.78
69
8.89
119
387
110 Eagle Bancorp Montana
EBMT
MT
2,076
0.57
101
7.23
96
6.32
110
0.56
84
391
111 Meridian Corp.
MRBK
PA
2,246
0.62
98
8.66
80
6.74
99
1.84
116
393
112 First Savings Financial Group
FSFG
IN
2,308
0.39
107
5.52
105
6.71
101
0.61
87
400
113 Ames National Corp.
ATLO
IA
2,155
0.52
103
7.20
98
7.09
91
1.07
109
401
114 First Northwest Bancorp
FNWB
WA
2,202
0.40
106
5.34
106
7.37
84
1.12
111
407
115 Finward Bancorp
FNWD
IN
2,108
0.45
104
7.04
101
5.84
114
0.73
95
414
115 Marquette National Corp.
MNAT
IL
2,142
0.21
114
2.98
110
5.87
113
0.50
77
414
117 First Western Financial
MYFW
CO
2,975
0.23
112
2.67
111
7.16
89
2.00
117
429
118 First Guaranty Bancshares
FGBI
LA
3,553
0.30
111
4.11
108
5.65
116
0.89
106
441
119 Blue Ridge Bankshares
BRBS
VA
3,118
(0.44)
119
(5.85)
119
5.80
115
2.42
118
471
Median
0.90
10.07
8.12
0.32
Mean
0.92
10.40
8.54
0.53
Source: Piper Sandler & Co., S&P Global Market Intelligence, company reports and regulatory filing
Ranking Banking uses four metrics to assess performance. Profitability is captured by return on equity and return on assets. Asset quality is represented by the nonperforming assets, which for some banks could include
restructured loans. Capital adequacy is a function of a bank’s tangible common equity ratio. Banks are scored on each of the four metrics. The scores are then merged into an overall score, which determines the
ranking — the lower the score, the higher the rank. Data is based on calendar year 2023 results.
