Arkansas banks' ROA ranks third in region.
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.
|Printer friendly Cite/link Email Feedback|
|Title Annotation:||NW Journal|
|Date:||Dec 6, 2010|
|Previous Article:||Arkansas alums offer manufacturing software.|
|Next Article:||October mortgage report.|