The Bank of Tioga receives top ranking for earnings among C-Corp banks in North Dakota
Tioga, N.D., June 18, 2021 - The Bank of Tioga has earned the high performance benchmark of being the #1 performing bank in the state among “C” Corporation banks. According to the QwickAnalytics Community Bank Index (QCBI), The Bank of Tioga ranked #1 in both ROE (return on equity) and ROA (return on assets) in the state of North Dakota among C-Corp banks for the full year of 2020 and first quarter 2021.
QCBI presents a summary of key trends of community banks for meaningful and relevant comparisons and analysis. The index is largely based on recent research conducted by the FDIC.
Since 2014, The Bank of Tioga has ranked among the top high performing banks in the state. In 2015, The Bank of Tioga was named #2 in both ROE and ROA in the state of North Dakota among C-Corp banks.
The Bank of Tioga’s strategy to provide excellent client service and analytical expertise has resulted in high performance for the bank. Strong credit quality as well as safety and soundness has been maintained through consistent and conservative underwriting practices. The Bank of Tioga’s mission is to ignite prosperity by helping others do more with their money and help transform their financial life, as well as reinvesting 10 percent of its net income locally, hosting educational events and partnering with local nonprofits.
“It’s an honor to be ranked a high performer, but we also consider it a greater honor to reinvest in our local communities. Finding ways in which we continue to engage with our clients, employees and communities is important to us,” said The Bank of Tioga President, David Grubb.
About The Bank of Tioga: At The Bank of Tioga, we IGNITE PROSPERITY® by helping our clients do more with their money. Whether it’s saving a little extra cash each month or accomplishing a long-term strategy, our goal is to help you transform your financial life. The Bank of Tioga was chartered in 1951 and was acquired by TS Contrarian Bancshares Inc., an affiliate of TS Banking Group in 2014. With $350 million in assets, The Bank of Tioga is committed to supporting local organizations and reinvests a portion of its net income back to the community. Branch locations include Tioga and Crosby, North Dakota. For more information visit thebankoftioga.com.