“For the seventh year in a row, Forbes has chosen MIDBEST BANCOMPANY and our family of thirteen community banks in four states, among the ‘Best Banks in America’. We are once again elated and gratified to have this honor bestowed upon us. This is a major accomplishment and recognition. I want to thank our employees and management team, who made this possible. And most importantly, our loyal customers.” said Bryan Cook, MIDBEST BANCOMPANY President and Chief Executive Officer.
To rank the nation’s banks, Forbes used data collected by SNL Financial. The Charlottesville, Va., company gauged each bank based on ten criteria: return on average tangible common equity, net charge-offs as a percent of total loans and efficiency ratio, net interest margin, nonperforming assets as a percent of assets; reserves as a percent of NPLs, two capital ratios (Tier 1 and risk-based), and revenue growth over the last 12 months.
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