Sanibel Captiva Community Bank has been named among the top 20 banks in S&P Global Market Intelligence’s 2016 ranking of the 100 best-performing community banks with under $1 billion in assets in the U.S.
Ranked 19th, Sanibel Captiva Community Bank is one of only three Florida banks and the only Southwest Florida bank named to the top 100 among 4,585 eligible banks and thrifts in this national category.
“Sanibel Captiva Community Bank’s ranking attests to our exponential growth and strength in the community we serve,” said Sanibel Captiva Community Bank President and CEO Craig Albert. “Our strong financial performance allows us to give back to the community through financial support and volunteerism for more than 90 Southwest Florida nonprofit organizations, helping make our community even stronger.”
S&P Global Market Intelligence used six metrics 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; net interest margin; and loan growth.
In a statement, S&P Global Market Intelligence Senior Director of Global Financial Institutions J.P. O’Sullivan noted, “The performance of the finalists is extremely impressive, especially in such a competitive banking environment. Community banks and credit unions are an integral part of their local economies, helping people and businesses access credit and drive dollars back into the community. Each of these institutions has demonstrated a clear commitment to excellence, and the results speak for themselves.”
Eligibility required a loan-to-asset ratio of at least 33 percent, with no more than half of those loans from credit cards. Companies also needed to be well-capitalized according to current regulatory standards, and no more than half the institution’s revenue could come from nontraditional banking activities.
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