NEWELL - ICBA Independent Bankers, the award-winning magazine of the Independent Community Bankers of American (ICBA) and the nation's number-one source for community banking news, recognized Northern Hancock Bank and Trust, Newell, as an outstanding "ICBA 400" community bank performer in its June issue. The ranking is based on Northern Hancock Bank and Trust's 2011 year-end earning and operational efficiencies.
"The community banks highlighted in this year's ICBA 400 exemplify the mission of community banking by reinvesting locally in their communities and making them a better place for their customers to live and work each and every day," said Chris Lorence, ICBA executive vice president and chief marketing officer. "We commend Northern Hancock Band and Trust for their ongoing dedication to the positive mission of our great industry."
This year's ICBA 400 shows that the overall performance of community banks across the country continues to steadily improve since the Wall Street financial crisis. The magazine's year-end rankings of ICBA members are based on return on average assets and return on average equity as reported in final 2011 FDIC call report date. The performance rankings include listings for Subchapter S corporation and Subchapter C corporation community banks among five asset categories. Northern Hancock Bank and Trust ranked 9th in return on assets and 7th in return on equity among subchapter S banks with less than $50 million in assets.
"Northern Hancock Bank and Trust is honored to be named to the ICBA 400," said Mark Mangano, President of Northern Hancock Bank and Trust. "As a proud member of the community, we credit our dedicated employees and loyal local customers for our success and are proud to be part of the financial foundation that drives economic stability and prosperity right here on Main Street. Our performance demonstrates that small banks like ours remain strong and important to their communities."
To see the ICBA 400 Top Performers listing, read the article "Mapping the Future" on ICBA Independent Banker's website at www.independentbanker.org.