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The new kid on the banking block, Central Bank & Trust, isn't timid when it comes to return on assets.

The Little Rock bank, open only since December, has a stout 3.24 percent annualized ROA so far this year, putting it at the top of the state's earnings list.

One to 1.5 percent is considered excellent.

On assets of about $28 million, that means the bank has earned more than $450,000 thus far this year.

Some of those in the know say part of the impressive performance can be attributed to loans purchased from the Resolution Trust Corp.

Central Bank purchased an $18-million loan package in March. In fact, RTC loans, generally with higher interest rates, are boosting many banks' ROA.

The ROA good news comes on the heels of the recent grand opening of Central Bank's Breckenridge Village branch in west Little Rock. There is also a branch at McCrory.
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Title Annotation:rate of return of assets of Central Bank & Trust
Publication:Arkansas Business
Date:Jul 8, 1991
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