West Bank continues to receive national recognition. Investment Banking and research firm Raymond James has released their 2020 Raymond James Community Cup report. Once again, West Bank made the list of top performing banks in the nation, ranking #23. West Bank is the only winner from Iowa or Minnesota to make the list.
Publically traded financial institutions across America with assets between $500 million to $10 Billion were eligible for distinction. The metrics used were nonperforming assets to loans and real estate owned, five-year average core deposit percentage, net interest margin, efficiency ratio, return on average assets, and return on average tangible common equity.
The top 10% of banks were recognized. Raymond James ranked West Bank as #23 in the Nation.