Printer Friendly

Return me.

Return Me

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.
COPYRIGHT 1991 Journal Publishing, Inc.
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1991 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Title Annotation:rate of return of assets of Central Bank & Trust
Publication:Arkansas Business
Date:Jul 8, 1991
Words:155
Previous Article:Suits from the crypt.
Next Article:Chewing on a bone.
Topics:


Related Articles
Financial institutions strengthen despite stagnant economy.
Small banks excel.
First Commercial leads Arkansas in profits.
In search of high yields.
Japanese Trust Bank Formed By Bank, Insurer Consortium.

Terms of use | Copyright © 2016 Farlex, Inc. | Feedback | For webmasters