Resourceful Finance Pro

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Top community banks of 2022: Where does yours rank?

Brian Bingaman
by Brian Bingaman

Last year, financial institutions had to contend with record-low interest rates and a glut of deposits. But that didn’t stop community banks from becoming vital partners to businesses, delivering a blend of personalized service and prudent risk management practices that you might not be able to get from a large national bank.

Based on 2021 FDIC data, the Independent Community Bankers of America (ICBA) assigned community banks a score that weighs the average of a bank’s percentile rank for lending concentration and loan growth over the past year. Each score was also adjusted for loan charge offs at certain percentile thresholds.

Here’s now a new report from ICBA ranked the top 10 commercial community banks, grouped by size.

Less than $300 million in assets

The smallest community banks with the best lending are:

  1. Barwick Banking Company (Barwick, GA)
  2. State Bank (Rock Springs, WY)
  3. California International Bank, N.A. (Westminster, CA)
  4. Kendall Bank (Valley Falls, KS)
  5. United Bank of Philadelphia (Philadelphia, PA)
  6. PeopleFirst Bank (Joliet, IL)
  7. CapTex Bank, National Association (Trenton, TX)
  8. Unity National Bank (Houston, TX)
  9. The Home Savings and Loan Company of Kenton, Ohio (Kenton, OH), and
  10. North Valley Bank (Denver, CO).

$300 million-$1 billion in assets

These mid-size community banks ranked tops:

  1. MRV Banks (Sainte Genevieve, MO)
  2. Quaint Oak Bank (Southampton, PA)
  3. Flagship Bank (Clearwater, FL)
  4. Crown Bank (Edina, MN)
  5. Dundee Bank (Omaha, NE)
  6. Asian Bank (Philadelphia, PA)
  7. SouthPoint Bank (Birmingham, AL)
  8. Falcon National Bank (St. Cloud, MN)
  9. American State Bank (Arp, TX), and
  10. Simply Bank (Dayton, TN).

More than $1 billion in assets

These ranked the highest among the largest community banks:

  1. State Bank of Texas (Dallas, TX)
  2. Cogent Bank (Orlando, FL)
  3. CFG Community Bank (Baltimore, MD)
  4. Encore Banking (Little Rock, AR)
  5. Poppy Bank (Santa Rosa, CA)
  6. MVB Bank Inc. (Fairmont, WV)
  7. Forbright Bank (Chevy Chase, MD)
  8. Bankwell Bank (New Canaan, CT)
  9. Woori America Bank (New York, NY), and
  10. Pacific National Bank (Miami, FL).
Brian Bingaman
Brian Bingaman
Brian researches and writes about accounts payable and CFO management trends. He was a newspaper journalist in suburban Philadelphia for nearly 20 years.