Arkansas’ 1Q ROA Fourth in District
by July 3, 2006 12:00 am 97 views
In the first quarter of 2006, Arkansas banks collectively had a return on their average assets (ROA) of 1.14 percent, ranking as No. 4 of the seven states in the U.S. Federal Reserve Bank’s Eighth District. The district includes all of Arkansas and parts of six other states.
Arkansas’ ROA was down 0.06 percent from the comparable quarter a year earlier.
Many banks measure their success by the amount of ROA they make annually. The Federal Deposit Insurance Corp. defines ROA as “net income after taxes and extraordinary items [annualized] as a percent of average total assets.”
For the same quarter, Springdale-based thrift United Bank had an ROA of 0.77 percent; The Bank of Fayetteville had 1.09 percent ROA; Bank of Rogers had 1.16 percent ROA; and The First National Bank of Fort Smith had 1.97 percent.
The collective return on average assets for the district was 2.10 percent, and the U.S. average was 1.37 percent.