Arkansas National Keeps Profits Rolling
by October 28, 2002 12:00 am 45 views
Through the first two quarters of 2002, Arkansas National Bank in Bentonville competing with the big boys of Northwest Arkansas banking by posting a 6.7 percent increase in its assets. That contributed to the bank’s $4.2 million income for the first half of the year, or good enough for the third best income in the market.
Behemoth regional bank Arvest Bank Group Inc. had a nearly a 900 percent increase in its assets. But that resulted from the consolidation of the $4.7 billion chain’s 14 banking operations into one Fayetteville charter. The bank’s $25.3 million net income was the best in Benton, Washington, Carroll, Madison, Crawford and Sebastian counties.
Superior Bank in Fort Smith is a subsidiary of Superior Federal Corp., a $1.7 billion publicly traded company in Little Rock. It posted the second best income at $10.2 million.
ANB also had the highest loan-to deposit ratio among the most profitable banks at 126.2 percent. (See chart for additional results).