Arkansas’ Asset Return Third Highest in Region
by October 4, 2010 12:00 am 51 views
In the second quarter of 2010, Arkansas banks collectively had a return on their average assets of 0.79 percent, ranking as No. 3 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 up from 0.66 percent during the first quarter a year earlier.
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Many banks measure success and performance by their annual ROA percentage. The Federal Deposit Insurance Corp. defines ROA as “net income after taxes and extraordinary items [annualized] as a percent of average total assets.”
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For the same quarter, First Security Bank of Searcy had a 1.93 percent ROA; Metropolitan National Bank of Little Rock had a -0.71 percent ROA; Chambers Bank of Danville had a -5.78 percent ROA; Bank of the Ozarks of Little Rock, had a 1.94 percent ROA; and Jonesboro-based Liberty Bank of Arkansas had a 0.69 percent ROA.
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The collective return on average assets for the district was 0.50 percent, and the U.S. average was 0.57 percent.