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Arkansas banks' ROA ranks third in region.

In the third quarter of 2010, Arkansas banks collectively had a return on their average assets of 0.86 percent, ranking as No. 3 of the seven states in the U.S. Federal Reserve Bank's 8th District. The district includes all of Arkansas and parts of six other states.

Arkansas' ROA was up 0.23 points from the second quarter a year earlier.

Many banks measure success and performance by their annual ROA percentage. The Federal Deposit Insurance Corp. defines ROA as "net income after taxes and extraordinary items [annualized] as a percent of average total assets."

For the same quarter, First Western Bank of Booneville had a 0.54 percent ROA; Citizens' Bank & Trust Co. of Van Buren had a 1.33 percent ROA; banking thrift IberiaBank FSB of Little Rock had a 0.36 percent ROA; and Community First Bank, headquartered in Harrison, had a 0.52 percent ROA.

The collective return on average assets for the district was 0.56 percent, and the U.S. average was 0.52 percent.

In a November 23 press release, the FDIC said more than 63 percent of all banks in the country reported improvement in their quarterly net income and that profit at all banks was $1.4.5 billion for the quarter, up from $2 billion a year earlier.
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Title Annotation:NW Journal
Author:Sparkman, Worth
Publication:Arkansas Business
Geographic Code:1U7AR
Date:Dec 6, 2010
Words:220
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