Independent Banker - July 2019 - 48

Commercial: Less than $500 million
Rank
Bank name
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
Independence Bank
Stearns Bank Upsala N.A.
Stearns Bank Holdingford N.A.
Native American Bank, N.A.
Citizens State Bank of Luling
Kirkwood Bank of Nevada
Central Bank of Kansas City
Summit Bank
Washington Business Bank
Security Bank Minnesota
Huron Valley State Bank
First Bank of the Lake
Legacy Bank of Florida
Northeast Bank
Grand Ridge National Bank
Texan Bank, National Association
United Bank of El Paso del Norte
First Home Bank
Farmers and Merchants Bank
West Town Bank & Trust
City
East Greenwich
Upsala
Holdingford
Denver
Luling
Las Vegas
Kansas City
Eugene
Olympia
Albert Lea
Milford
Osage Beach
Boca Raton
Minneapolis
Grand Ridge
Houston
El Paso
St. Petersburg
Upperco
North Riverside
State
RI
MN
MN
CO
TX
NV
MO
OR
WA
MN
MI
MO
FL
MN
IL
TX
TX
FL
MD
IL
Commercial loans
to assets ratio
92.44%
80.86%
79.85%
75.25%
71.35%
70.79%
68.50%
68.25%
67.49%
67.48%
66.79%
65.34%
64.66%
63.87%
63.64%
63.43%
63.43%
62.99%
62.67%
62.42%
of what we do, " says Peter J. Cahill,
the community bank's executive
vice president and chief lending
officer. Earlier this year, First Bank
announced plans to acquire Grand
Bank in Hamilton, N.J., in a deal that
is still pending regulatory approval.
Yet even without the flurry of
acquisitions, the bank has been
achieving robust organic growth. Its
assets have increased by more than
$1.2 billion in the past five years, and
60% of that growth has been organic.
Its lending platform-90% of
which is commercial loans-is also
enjoying strong organic growth. The
community bank's loan portfolio,
excluding last year's acquisition
of Delanco Bancorp, grew by
$178 million in 2018, an annual rate
of 15%.
Commercial: $500 million to $1 billion
Rank
Bank name
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
CFG Community Bank
GBC International Bank
First IC Bank
The Westchester Bank
Northwest Bank
Third Coast Bank, S.S.B.
Modern Bank, N.A.
Centric Bank
InsBank
Waterford Bank, N.A.
Bank of Wisconsin Dells
Signature Bank, N.A.
Atlantic Stewardship Bank
Commerce State Bank
Commercial Bank of California
Texas Citizens Bank, N.A.
Congressional Bank
Wallis State Bank
Coastal Community Bank
First National Bank of Michigan
46 Q ICBA Independent Banker Q July 2019
City
Lutherville
Los Angeles
Doraville
Yonkers
Boise
Humble
New York
Harrisburg
Nashville
Toledo
Wisconsin Dells
Toledo
Midland Park
West Bend
Irvine
Pasadena
Potomac
Wallis
Everett
Kalamazoo
State
MD
CA
GA
NY
ID
TX
NY
PA
TN
OH
WI
OH
NJ
WI
CA
TX
MD
TX
WA
MI
Commercial loans
to assets ratio
72.79%
71.58%
70.80%
68.95%
65.28%
63.67%
62.22%
61.71%
60.58%
60.15%
58.43%
58.42%
58.09%
57.97%
57.86%
56.88%
56.33%
56.26%
55.89%
55.65%
Keeping things personal
First Bank sits in the middle of
a densely populated area where
there are a lot of businesses-and
banks. People and relationships are
a key part of serving that market of
business and commercial real estate
customers, and the bank employs 22
relationship managers (RMs).
" When we hire new RMs, we spend
a lot of time making sure we hire the
First Bank
Hamilton, N.J.
Category: Commercial
($1 billion or more)
Asset size: $1.8 billion
Commercial loans to
assets ratio: 65.35%
Rank in category: 6
Independent Banker - July 2019

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