Seifried & Brew, LLC, a community bank consulting and risk management firm, ranks Luana Savings Bank as a high-performing bank in its prestigious 2016 S&B Top 15th Percentile. This designation is assigned to banks whose overall performance ranks them within the top 15 percent of all community banks in the nation. To receive this distinguished honor, Luana Savings Bank demonstrated exemplary performance by managing their exposure to risk while maintaining a notable level of reward.
“Being part of the Top 15th Percentile is a great accomplishment…and is no small feat!” says Jamie Sumner, chief analyst of Seifried & Brew, LLC. “In fact, this designation shows that these banks have been able to optimally balance risk and reward throughout 2016.” The ranking is based on the S&B index, which measures individual bank performance and then compares banks across the United States. The banks included in this index have assets between $10 million and $30 billion. The S&B Top 15th Percentile ranking has been released every year since 2011. Whereas other organizations rank bank performance, the S&B composite score takes into consideration both risk and reward. J.C. Brew, president & CEO, continued, “The S&B Top 15th ranking says to bank customers that their bank demonstrates exemplary management and safety as an institution.”