June 2, 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%.
Greene County Bancorp, Inc. (MHC) (Tii:GCBC) - Greene County took the top spot in New York and ranked #8 nationally with a 3-year average ROAE of 16.25%.
Lyons Bancorp, Inc. (Tii:LYBC) - Lyons was next on the list among New York community banks and ranked #44 nationally with a 12.58% ROAE.
Evans Bancorp, Inc. (Tii:EVBN) - Evans rounded out the top three in New York and ranked #77 nationally with a 3-year average ROAE of 11.47%.
Steuben Trust Corporation (Tii:SBHO) - Steuben ranked #88 nationally with a 3-year average ROAE of 11.20%.
Ballston Spa Bancorp, Inc. (Tii:BSPA) - Ballston Spa ranked #122 nationally with a 3-year average ROAE of 10.37%.
Full rankings, courtesy of American Banker and Capital Performance Group, can be found here.