May 26, 2020
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%.
MetroCity Bankshares, Inc. (Tii:MCBS) - MetroCity took the top spot in Georgia and ranked #2 nationally with a 3-year average ROAE of 26.47%.
Thomasville Bancshares, Inc. (Tii:THVB) - Thomasville was next on the list among Georgia community banks and ranked #4 nationally with a 19.82% ROAE.
Morris State Bancshares, Inc. (Tii:MBLU) - Morris State rounded out the top three in Georgia and ranked #6 nationally with a 3-year average ROAE of 18.00%.
First IC Corporation (Tii:FIEB) - First IC ranked #23 nationally with a 3-year average ROAE of 14.10%.
Southwest Georgia Financial Corporation (Tii:SGB) - Southwest Georgia ranked #111 nationally with a 3-year average ROAE of 10.58%.
Full rankings, courtesy of American Banker and Capital Performance Group, can be found here.
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