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Three Florida banks, including two separate ones based in Hillsborough County, made a new list from S&P Global Market Intelligence on the top 100 performing community banks nationwide.
Plant City-based Hillsboro Bank is ranked No. 44, while Tampa-based Central Bank is No. 66. Coconut Grove-based Biscayne Bank is No. 96 on the list. All the banks were included on S&P Global’s list of the top 100 community banks under $1 billion in assets for 2017; Winter Haven-based CenterState Bank made S&P Global’s 2017 Top 100 list of top-performing community banks with assets between $1 billion and $10 billion, ranked No. 21.
One of the highlights of the rankings is a sign of the economy’s resilience, in that banks are lending more money. Loan growth on an annual basis is up 26.4% at Hillsboro Bank and 23.4% at Central Bank.
S&P ranked the banks using six financial performance metrics: pretax return on average tangible common equity; net charge-offs as a percentage of average loans; efficiency ratio; adjusted Texas ratio, which is loan-quality metric; net interest margin; and loan growth.
The bank's data includes the following metrics:
Hillsboro Bank, Plant City
• Total assets: $136.9 billion;
• Return on average tangible common equity: 16.41%
• Net charge-offs as a percentage of average loans: zero
• Efficiency ratio: 44.41%
• Adjusted Texas ratio: 1.43%
• Net interest margin: 4.06
• Loan growth: 26.4%
Central Bank, Tampa
• Total assets: $143.7 million;
• Return on average tangible common equity: 24.45%
• Net charge-offs as a percentage of average loans: zero
• Efficiency ratio: 56.87%
• Adjusted Texas ratio: 1.37%
• Net interest margin: 3.87%
• Loan growth: 23.4%
Note: Based on 2017 year-end data
Source: S&P Global Market Intelligence
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