Community banks emerged as important partners during the COVID pandemic. And a new report from the Independent Community Bankers of America ranks them.
The 2021 List of Top Lenders tapped FDIC data to assign banks a score.
It combines the average of the bank’s percentile rank for lending concentration and for loan growth over the past year in each lending category. (They also adjusted each score for loan charge offs in each category at certain percentile thresholds.)
Check the top 10 community banks, grouped by their sizes:
Less than $500 million in assets
These ranked as the smallest community banks with the best lending:
- Canyon Community Bank, National Association (Tucson, AZ)
- FinWise Bank (Murray, UT)
- VisionBank (St. Louis Park, MN)
- BankVista (Sartell, MN)
- Metro Phoenix Bank (Phoenix, AZ)
- Flagship Bank (Clearwater, FL)
- Capitol National Bank (Lansing, MI)
- The Mint National Bank (Kingwood, TX)
- One World Bank (Dallas, TX), and
- Farmers & Stockmens Bank (Clayton, NM).
$500 million – $1 billion in assets
These middle-of-the-pack community banks on the size front secured the top spots:
- First Bank of the Lake (Osage Beach, MO)
- First National Bank of Ottawa (Ottawa, IL)
- Cogent Bank (Orange City, FL)
- Old Dominion National Bank (Charlottesville, VA)
- Oxford Bank (Oxford, MI)
- The Freedom Bank of Virginia (Fairfax, VA)
- Hiawatha National Bank (Hager City, WI)
- Bank of San Francisco (San Francisco, CA)
- Pilot Bank (Tampa, FL), and
- Village Bank (Midlothian, VA).
More than $1 billion in assets
And of the largest community banks, these ranked highest:
- Cross River Bank (Fort Lee, NJ)
- Quontic Bank (New York, NY)
- First Home Bank (St. Petersburg, FL)
- Live Oak Banking Co. (Wilmington, NC)
- Congressional Bank (Chevy Chase, MD)
- Wallis Bank (Wallis, TX)
- Santa Cruz County Bank (Santa Cruz, CA)
- Coastal Community Bank (Everett, WA)
- Cache Valley Bank (Logan, UT), and
- Waterford Bank, N.A. (Toledo, OH).