West Bank makes top 200 list for return on equity
Wednesday, May 01, 2013 2:35 PM
West Des Moines-based West Bancorporation Inc., parent company of West Bank, was among four Iowa-based banks appearing in a listing of the top 200 community banks by industry journal American Banker.
Ranked by average return on equity for the past three years, West Bank ranked No. 61 out of the 200 banks, with an average return of 11 percent.
Iowa First Bancshares Inc. in Muscatine ranked 68th on the American Banker list with an average return of 10.8 percent; Ames-based Ames National Corp. was 73rd at 10.6 percent; and Iowa City-based MidWestOne Financial Group Inc. was 172nd at 8.3 percent. The median return for the 200 banks was 9.58 percent. See the full list here