Pair of area banks outperform peers on national list

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