May 18, 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%.
Unity Bancorp, Inc. (Tii:UNTY) - Unity took the top spot in New Jersey and ranked #15 nationally with a 3-year average ROAE of 14.79%.
Parke Bancorp, Inc. (Tii:PKBK) - Parke was next on the list among New Jersey community banks and ranked #16 nationally with a 14.67% ROAE.
Marlin Business Services Corp. (Tii:MRLN) - Marlin rounded out the top three in New Jersey and ranked #26 nationally with a 3-year average ROAE of 13.99%.
1st Colonial Bancorp, Inc. (Tii:FCOB) - 1st Colonial ranked #128 nationally with a 3-year average ROAE of 10.29%.
First Commerce Bank (Tii:CMRB) - First Commerce ranked #161 nationally with a 3-year average ROAE of 9.79%.
Full rankings, courtesy of American Banker and Capital Performance Group, can be found here.