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Article: Top community banks post hefty 1990 ROAs. (return on assets)
- Article from:
- American Banker
- Article date:
- June 6, 1991
- Author:
CopyrightCOPYRIGHT 1991 SourceMedia, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Top Community Banks Post Hefty 1990 ROAs
Underscoring the profit potential of small institutions, an American Banker survey has found that the most successful community banks were twice as profitable last year as the average U.S. bank.
The 100 most profitable community banks with assets between $50 million and $500 million earned an average of 2.04% on assets, the survey found.
The most profitable community banks with assets of less than $50 million did even better, posting a 2.2% return. By comparison, the average U.S. bank's ROA was 0.91%.
To be sure, the typical community bank's peformance was closer to the industry average. Large ...