Posted on Tuesday, May 23, 2023
The Bippus State Bank (BSB) was recently ranked number 11 out of the Top 100 Best-Performing Community Banks $300 million to $1 billion in Assets by the Independent Community Bankers Association.
“We are proud to be recognized by the Independent Community Bankers Association as one of the Top Performing Community Banks in the United States. Our mission each day is to create meaningful customer relationships and provide premium financial products and services to the markets we serve."
ICBA compiled this year’s rankings with the aim of recognizing community banks that are consistently high performers. Using FDIC data, they considered 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. They then divided the community banks into three broad segments based on asset size and ranked each segment based on their three-year weighted average ROA.
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