Top-5 Public Community Banks in Michigan
In the Spotlight
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%.
CSB Bancorp, Inc. (Tii:CBMI) - CSB took the top spot in Michigan and ranked #18 nationally with a 3-year average ROAE of 14.59%.
CNB Community Bancorp, Inc. (Tii:CNBB) - CNB was next on the list among Michigan community banks and ranked #19 nationally with a 14.57% ROAE.
Fentura Financial, Inc. (Tii:FETM) - Fentura rounded out the top three in Michigan and ranked #22 nationally with a 3-year average ROAE of 14.15%.
Commercial National Financial Corporation (Tii:CEFC) - Commercial National ranked #42 nationally with a 3-year average ROAE of 12.59%.
Huron Valley Bancorp, Inc. (Tii:HVLM) - Huron Valley ranked #52 nationally with a 3-year average ROAE of 12.26%.
Full rankings, courtesy of American Banker and Capital Performance Group, can be found here.