Priority Bank Tops ROA, ROE Lists
by April 19, 2010 12:00 am 99 views
Priority Bank of Ozark topped the list of banks doing business in Northwest Arkansas in terms of return on assets. The two-office thrift closed December with an ROA of 2.23 percent.
The No. 2 bank, Searcy-based First Security Bank, ascended the list from the No. 6 slot last year with a 1.48 percent ROA.
The Northwest Arkansas Business Journal compiles an annual list of all banks doing business in Benton, Carroll, Crawford, Sebastian, Madison and Washington counties. It starts on Page 14.
According to the Federal Deposit Insurance Corp., the median return on assets for Arkansas-chartered banks at the end of 2009 was 0.72 percent. Ten of the 28 private banks on the list were at or above that mark.
Priority was also tops in the market in terms of return on equity with a 28.25 percent. The top 10 banks are included here.
The FDIC defines ROE as “Annualized net income as a percent of average equity on a consolidated basis.”