Bank listed No. 81 among top 100 U.S. community banks with assets between $1 billion and $10 billion, according to S&P Global Market Intelligence
CLEARWATER, Fla. (March 29, 2016) – USAmeriBancorp Inc., the parent company of USAmeriBank, ranked No. 81 among the 100 best-performing community banks in the U.S. with assets between $1 billion and $10 billion, according to 2015 rankings released by S&P Global Market Intelligence.
For this ranking, S&P Global Market Intelligence defined community banks as institutions with up to $10 billion in assets and 60 or fewer offices. To be eligible, at least one-third of a bank’s balance sheet must be composed of loans, less than half of which can be attributable to credit card lending. Banks also had to be well-capitalized according to regulatory standards, and could not have a majority of revenue derived from nontraditional banking activities.
S&P Global Market Intelligence ranked companies at the bank holding company level if consolidated data was reported; otherwise, the commercial bank subsidiary was used. Thrifts and companies that have parent companies with assets above $10 billion were excluded. Based on these criteria, 372 companies were eligible.
The banks were ranked using six core financial performance metrics that focus on profitability, asset quality and growth for the 12-month period ended Dec. 31, 2015. The metrics included return on average tangible assets before tax, net charge-offs as a percentage of average loans, adjusted Texas ratio, efficiency ratio, net interest margin and loan growth.
“We certainly view ourselves as a top-performing bank, and it is rewarding to see our team’s hard work be recognized in this way,” said Joseph V. Chillura, President and CEO of USAmeriBancorp. “We look forward to continued growth in assets, profitability and loan growth in 2016, while maintaining the high quality that this ranking reflects.”
Click here to see the full list of the top 100 best-performing U.S. community banks with between $1 billion and $10 billion in assets.
About USAmeriBancorp, Inc.:
USAmeriBancorp is the parent of Clearwater, Fla.-based USAmeriBank. The bank is an independent, non-public bank that has established itself as an outstanding middle-market financial institution. USAmeriBank serves the needs of individuals and businesses in the Tampa Bay area in Florida, and in the Birmingham, Montgomery and Tallapoosa areas in Alabama, by providing a high level of personalized service and attention to a targeted customer base. More information is available at www.USAmeriBank.com.