Arkansas? ROA Lags in District

In the third quarter of 2006, Arkansas banks collectively had a return on their average assets of 1.19 percent, ranking No. 5 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 up 0.01 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, Searcy-chartered First Security Bank had an ROA of 1.23 percent; First Western Bank, chartered in Booneville, had 0.59 percent ROA; Farmers Bank of Greenwood had 1.27 percent ROA; and Jonesboro-based Liberty Bank of Arkansas had 1.03 percent.
The collective return on average assets for the district was 1.23 percent, and the U.S. average was 1.35 percent.