The Farmers Bank Ranks #45 on American Banker Magazine's Top 200 Community Banks for 2016
The Farmers Bank Ranks #45 on American Banker Magazine’s Top 200 Community Banks for 2016
Frankfort, IN — The Farmers Bank is pleased to announce they have once again been included in the American Banker Magazine’s ranking of the Top 200 Community Banks in the country. This year, The Farmers Bank ranked number 45 with a three-year average Return on Average Equity (ROAE) of 11.86% as of December 31, 2015.
Performance data and rankings were released in American Banker Magazine’s May 2016 publication. A total of 684 institutions, with less than $2 billion in assets, were included in the nationwide ranking. The 200 top performers listed are doing significantly better as a group than the 684 as a whole. They posted a median ROAE of 10.40% for 2015 (versus 6.84% for the entire peer group).
A total of 14 Indiana banks made the American Banker Magazine’s Top 200 Community Bank list. The Farmers Bank ranked 3rd among Indiana Banks.
Karen F. Gregerson, president and CEO states “We are pleased to rank in the Top 200 performing banks in the nation for the third year running and to progressively move up in the rank each consecutive year. The bank’s outstanding performance is the result of the focus and commitment of our Board of Directors, our management team, and our entire staff, who are all to be commended for our performance. 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 $500 million asset organization chartered in 1876 with headquarters in Frankfort, IN. The Farmers Bank is locally owned and operated with 10 banking offices located in Central Indiana providing retail, business, trust & asset management, investment, mortgage, and electronic banking services. Member FDIC, Equal Housing Lender.