Several Indiana banks are on a national industry publication's list of top community banks. American Banker Magazine ranked institutions based on return on equity during a three-year period. The Indiana-based institutions on the list are:
13. First Farmers Financial Corp. in Converse
56. Horizon Bancorp in Michigan City
77. Tower Financial Corp. in Fort Wayne
92. F.S. Bancorp in Lagrange
127. River Valley Bancorp in Madison
129. Community Bank Shares of Ind. in New Albany
134. Benton Financial Corp. in Fowler
135. NorthWest Indiana Bancorp in Munster
166. Northeast Indiana Bancorp in Huntington
167. Farmers Bancorp in Frankfort
180. Bancorp. of Southern Ind. in Seymour
187. Crystal Valley Financial in Middlebury.
Source: American Banker Magazine
May 27, 2014
FRANKFORT, Ind. – American Banker Magazine ranking of the Top 200 Community Banks in the country. The Farmers Bank ranked number 167 with a three-year average Return on Equity (ROE) of 9.16%. To make the list, banks had to post a three-year average ROE of 8.66% or higher.
A total of 851 institutions fit the criteria for the ranking. The 200 top performers listed are doing significantly better as a group than the 851 as a whole. They posted a median ROE of 10.44% for 2013 (versus 5.70% for the entire peer group) and a median ROA of 1.05% (versus 0.67%).
Karen I. Miller, president and CEO states “Our management team and board of directors are quite proud of our continued financial success. Our employees are outstanding and are committed to developing deep relationships, providing exceptional service, bringing value to our customers, and assisting in their financial success. We are committed to community banking and the future looks promising. Our vision hasn't changed; to financially serve our markets in central Indiana and to bring a strong return to our shareholders. We have a strong heritage and are honored and humbled to continue this legacy.”
The Farmers Bank is a $450 million asset organization chartered in 1876 with headquarters in Frankfort, IN. The Farmers Bank is locally owned and operated with 9 banking offices located in Central Indiana providing retail, business, trust & asset management, investment, mortgage, and electronic banking services. Member FDIC, Equal Housing Lender.
Source: The Farmers Bank