Arkansas? ROA Fourth in District

In the first quarter of 2007, Arkansas banks collectively had a return on their average assets of 1.02 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 0.14 percent from the comparable quarter a year earlier. All states in the district reported lower ROA than they had the previous year.

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.”

For the same quarter, Fayetteville-chartered Arvest Bank had an ROA of 0.99 percent; The Bank of Fayetteville had 1.33 percent ROA; Bank of Rogers had 0.79 percent ROA; and Van Buren-based Citizens’ Bank & Trust Co. had a 1.67 percent ROA.

The collective return on average assets for the district was 1.00 percent, and the U.S. average was 1.24 percent.