Independent Banker - May 2021 - 39

What a year it was.
In 2020, community banks
contended with a fast and furious
Paycheck Protection Program
lending boom and a glut of deposits
as customers put their stimulus
payments away for a rainy day. They
dealt with lockdown orders, changes
in consumers' banking habits and
rapid-fire adoption of technology to
meet those needs. Yet community
banks rose to the occasion.
Independent Banker's annual listing
of America's best-performing
community banks shows that
nimble thinking and an adherence
to good old-fashioned customer
service can bring success, whatever
the circumstances.
ÂIllustration by Ben Fearnley
How we compiled
these rankings
ICBA compiled this year's rankings with
the aim of recognizing community banks
that are consistent high performers. Using
FDIC data, we took into account pre-tax
return-on-assets (ROA) figures from the
past three years, with the most recent year
weighted at 3x, second most recent year at
2x and third most recent year at 1x. We then
divided the community banks into three
broad segments based on asset size and
ranked each segment based on our threeyear
weighted average ROA. A bank must
have a rating of C or higher by Kroll Bond
Ratings (formerly LACE) to be considered
for ranking.
independentbanker.org Q 37
http://www.independentbanker.org

Independent Banker - May 2021

Table of Contents for the Digital Edition of Independent Banker - May 2021

Table of Contents
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