A number of community banks have used more of their assets for residential loans or commercial real estate loans than their counterparts.
The financial institutions were identified as the top performers for how much of their assets were invested in various types of loans.
In addition to 100 banks recognized for their overall lending concentrations, the top 50 for seven categories of loans — including home loans and commercial mortgages — were also identified.
The ranking was reported by the Independent Community Bankers of America.
“No function remains more fundamental to a community bank’s overall purpose and success than lending,” ICBA Executive Vice President – Chief Marketing Officer Chris Lorence said in the announcement.
At the top of the list was Family Federal Savings, F.A.
The Fitchburg, Mass, financial institution had 99.63 percent of its $96 million in total assets tied up in home loans.
With 99.59 percent of its $579 million in total assets used for residential loans, Somerset Savings Bank, SLA, was No. 2. The bank is located in Bound Brook, N.J.
Next was the Federal Savings Bank in Overland Park, Kan. Out of $142 million in total assets, 99.08 percent was invested in residential loans.
Syracuse, N.Y.-based Geddes Federal Savings and Loan Association had the fourth-largest concentration of residential loans, which accounted for 99.04 percent of its $515 million in assets.
At 98.82 percent, Kentland Federal Savings and Loan Association was No. 5. The Kentland, Ind., company had just $4.8 million in assets.
No.s 6 through 10 with between 98.00 percent and 98.71 percent of total assets tied up in home loans were First Savings Bank of Hegewisch, Peoples Savings and Loan Association of Monticello Indiana, The Torrington Savings Bank, First Federal Savings and Loan Association and Time Federal Savings Bank.
On the CRE loan side, First Intercontinental Bank’s 99.01 percent concentration was the highest. The Doraville, Ga., institution had $273 million in total assets.
After that was San Diego-based Seacoast Commerce Bank’s 98.37 percent CRE loan-to-total-loans ratio. Seacoast had $340 million in total assets.
The Bank of Hemet in Hemet, Calif., had 96.43 percent of its $455 million in total assets invested in CRE loans.
At Embassy National Bank in Lawrenceville, Ga., 93.20 percent of its $57 million in assets were tied up in CRE loans.
No. 5 was NOA Bank. The Duluth, Ga., financial institution had 91.43 percent of its $160 million in assets allocated to CRE loans.
