American Banker recently released its 2023 list of top-performing large community banks. The publication’s annual ranking takes a look at how larger community banks are performing in terms of a number of key metrics. Banks with assets between $2 billion and $10 billion of assets were ranked based on their three-year average return on average equity. For the top 20 banks in this asset category, the average of this figure came in at 21.11 percent. That soundly beat all the banks in this asset class, which posted 11.61 percent for this metric.
These top 20 institutions also held more core deposits compared with their total deposit base, reported a higher median return on average assets and posted a stronger efficiency ratio compared with the entire peer group.
Texas had the most top 20 banks headquartered there with four. Georgia came in second with two banks located there. No other state had more than one of the top 20 banks based there.
Texas-based Top-performing Large Community Banks
| Ranking | Bank | Home office | 3-Yr. Avg. ROAE, ’20–22 | ROAA | NIM | NPAs/ Total Assets |
Core Deposits/ Total Deposits |
| 4 | Woodforest Financial Group | The Woodlands | 23.55% | 2.37% | 3.86% | 1.15% | 98.45% |
| 8 | Horizon Bank SSB | Austin | 22.57% | 1.92% | 3.74% | 0.00% | 94.49% |
| 9 | State Bank of Dallas | Dallas | 22.27% | 3.87% | 6.29% | 0.43% | 37.71% |
| 20 | First United Bank | Dimmitt | 18.06% | 1.36% | 3.25% | 0.02% | 82.17% |
Paid subscribers of American Banker can access details on the 20 top-performing large community banks here.
