The Farmers Bank is pleased to announce they have been included in the American Banker Magazine ranking of the Top 200 Community Banks in the country. The Farmers Bank ranked number 167 with a three-year average Return on Equity (ROE) of 9.16%. To make the list, banks had to post a three-year average ROE of 8.66% or higher.
A total of 851 institutions fit the criteria for the ranking. The 200 top performers listed are doing significantly better as a group than the 851 as a whole. They posted a median ROE of 10.44% for 2013 (versus 5.70% for the entire peer group) and a median ROA of 1.05% (versus 0.67%).
Karen I. Miller, president and CEO states “Our management team and board of directors are quite proud of our continued financial success. Our employees are outstanding and are committed to developing deep relationships, providing exceptional service, bringing value to our customers, and assisting in their financial success. We are committed to community banking and the future looks promising. Our vision hasn’t changed; to financially serve our markets in central Indiana and to bring a strong return to our shareholders. We have a strong heritage and are honored and humbled to continue this legacy.”
The Farmers Bank is a $450 million asset organization chartered in 1876 with headquarters in Frankfort, IN. The Farmers Bank is locally owned and operated with 9 banking offices located in Central Indiana providing retail, business, trust & asset management, investment, mortgage, and electronic banking services. Member FDIC, Equal Housing Lender.