Local bank earns spot in national ranking

FORT MYERS — Sanibel Captiva Community Bank has been named one of the top 20 banks in the S&P Global Market Intelligence 2016 ranking of the 100 best-performing U.S. community banks with less than $1 billion in assets.

The bank was ranked No. 19 on the list. According to a press release, six metrics were used to calculate the ranking — pretax return on average tangible common equity, net charge-offs as a percentage of average loans, efficiency ratio, adjusted Texas ratio (non-performing assets and loans divided by tangible capital equity plus loan loss reserve), net interest margin and loan growth.

“Sanibel Captiva Community Bank's ranking attests to our exponential growth and strength in the community we serve,” says Sanibel Captiva Community Bank President and CEO Craig Albert in a statement.