Ranked on its financial performance, S&P Global Market Intelligence placed locally owned Plumas Bank in the top 2 percent of community banks and thrifts throughout the United States having less than $3 billion in assets.
Community banks are judged by S&P on six core financial performance metrics: 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 commenting about the recognition, Andrew Ryback, Plumas Bank’s president, CEO and a director, said, “Making the S&P Global list of the 100 Top Performing Banks in the nation is a tremendous honor for us. Our ranking was based on our financial performance in 2018.”
“We are incredibly proud of this accomplishment which is the result of the strategic vision of our board and executives, coupled with the talent and dedication of our entire team. Without both components — visionary leadership and highly capable and dedicated bankers — this kind of success would not be possible.”
J.P. O’Sullivan, managing director of financial institutions at S&P Global Market Intelligence said, “Year after year, we see the increasingly significant role that community banks play in their local communities. From metropolitan cities to the rural towns across the U.S., access to credit through local banks is a key driver for local economic growth. S&P Global Market Intelligence is extremely pleased to recognize those top performing community banks.”