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Article: Top community banks set performance records in '92.
- Article from:
- American Banker
- Article date:
- June 8, 1993
- Author:
CopyrightCOPYRIGHT 1993 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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It's getter harder and harder to keep up with the nation's top community banks.
The 100 best performing banks with assets of $50 million so $1 billion racked up a record 2.62% return on assets last year, according to an American Banker survey. That was up from 2.23% in 1991 - and it was nearly three times the return posted by the industry as a whole.
Smaller banks did even better. The 100 most profitable banks with assets of less than $50 million posted a 2.67% return on assets. (Complete tables begin on page 6).
"You've got the creme de la creme here," said Robert Walters, president of the Bank Advisory Group Inc., an Austin, Texas-based firm ...