Independent Alliance Banks Inc. (IAB) the holding company for iAB financial bank, has been recognized in the top 200 community banks and thrifts in the American Banker Magazine's annual ranking of best performers.
This ranking is based on a three-year average return on equity as of Dec. 31, and these institutions faring better than their overall peer group.
Independent Alliance Banks was listed as 127th with a three-year return on average equity of 9.1 percent. IAB was one of 11 financial institutions from Indiana.
The list included public banks and thrifts with less than $2 billion in assets as of Dec. 31 that are either exchange-traded or file with the SEC per SNL Financial LC. Listed are the most profitable 200 institutions of all 851 fitting the criteria. The median ROE for the top 200 rose from 9.57 percent in 2010 to 10.01 percent in 2011 and to 10.15 in 2012.
However, 70 of the institutions that performed well enough to be ranked have a three-year average ROE below the 9 percent mark.