Arkansas? 2Q ROA Fourth in District

In the second quarter of 2006, Arkansas banks collectively had a return on their average assets (ROA) of 1.18 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.
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Arkansas’ ROA was down 0.02 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 0.91 percent; The Bank of Fayetteville had 1.19 percent ROA; Bank of Rogers had 1.19 percent ROA; and The First National Bank of Fort Smith had 2 percent.
The collective return on average assets for the district was 1.27 percent, and the U.S. average was 1.36 percent.