Sageworks has declared State Bank of Texas to be the top community bank out of 4,566 community banks throughout the entire United States with an ROAA (Return On Average Assets) of 5.1% and an ER (Efficiency Ratio) of 24.4%!
The Top Community Bank in the US in 2014 is the State Bank of Texas, founded by Chan Patel. Headquartered in Dallas, Texas.
To decide the rankings of the 15 Best Run Community Banks in the US based upon ROAA and Efficiency Ratio, Sageworks analyzed the entire list of banks in the United States that have total assets between $100 million and $10 billion as of the end of June, 2014. The results demonstrate the strategic advantages displayed by our management style at State Bank of Texas – out of the list of over 4,000 banks, the State Bank of Texas was ranked in top position.
Steady growth is our plan and strategy for State Bank of Texas as we continues our strong lending approach based firmly in the hotel and accommodations industry and in lending to visionary immigrant entrepreneurs who have the same sorts of dedicated work ethic that my family and I had when we came to the U.S..
We also acknowledge that our successes have been achieved through the continued strengthening of the American economy and also through the great relationships we enjoy with our responsible, entrepreneurial borrowers.
- Press Release: State Bank of Texas Named 2014 Top Community Bank