American Banker magazine recently unveiled their list of the Top 200 Publicly Traded Community Banks with less than $2 billion in assets as of December 31, 2019. Nationally, 511 institutions fit the category for the list this year.

The ranking is based on three-year return on average equity (ROAE), a measure of profitability that calculates how many dollars of profit a company generates with each dollar of shareholders’ equity. The ROAE for the 511 institutions was 8.60%.

Ames National Corporation (Tii:ATLO) - Ames took the top spot in Iowa and ranked #200 nationally with a 3-year average ROAE of 9.20%.

Two Rivers Financial Group, Inc. (Tii:TRVR) - Two Rivers was next on the list among Iowa community banks and ranked #269 nationally with a 8.41% ROAE.

Farmers & Merchants Bancshares, Inc. (Tii:FMBN) - Farmers rounded out the top three in Iowa and ranked #482 nationally with a 3-year average ROAE of 1.31%.

Full rankings, courtesy of American Banker and Capital Performance Group, can be found here.