BROOKFIELD, Wis. (Sept. 15, 2014) – Ridgestone Bank was ranked the 7th best-run community bank in the country in terms of return on average assets (ROAA) and efficiency ratio, according to an analysis by Sageworks, an international financial information company.
The analysis included data from 4,566 community banks with assets from $100 million to $10 billion as of June 30, 2014. A bank’s ROAA and its efficiency ratio are two key indicators of a well run bank. Ridgestone Bank’s ROAA is 3.4% with a 46 percent efficiency ratio.
Speaking of its top 15 ranking, Sageworks analyst James Noe commented: “These institutions have been spending less overhead to earn each dollar and have generated higher profits utilizing their internal assets, which speaks volumes on how well these institutions are being run this year.”
“The hard work of our team and our unique business model are the major factors leading to these outstanding results,” said Bruce Lammers, president of Ridgestone Bank. “As a leading lender to small business we are proud of our contribution to our customers and communities we serve.”
Ridgestone Bank is a privately-held bank with locations in Brookfield, Wis. and Schaumburg, Ill., as well as lending teams in Indianapolis, Green Bay, Wis., Wausau, Wis. and Los Angeles. Founded in 1995, the bank is a leader in small business and government guaranteed lending nationwide and also provides retail banking services, including checking, money markets, CD’s, and other convenience services at its branch locations. Distinguished by the SBA as an “SBA Preferred Lender,” Ridgestone Bank is a top 10 SBA lender in the nation is the number one SBA lender in Illinois and is the number one SBA lender in its asset size in Wisconsin. Ridgestone Bank is a leader in USDA lending in the United States and has been recognized as a valued partner by the USDA for its commitment to small businesses. For more information, call 262-789-1011 or visit www.ridgestone.com.
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