SFC Bank’s Parent Company, QCR Holdings, Inc., Named Top 50 Community Bank by S&P Global
QCR Holdings, Inc., the parent company of SFC Bank, was recently named one of the Top 50 Best-Performing Community Banks of 2020 with assets between $3B and $10B by S&P Global Market Intelligence. QCR Holdings, Inc. is one of the only banks in our markets to make the list.
“SFC Bank is proud to be a part of QCR Holdings. It’s humbling to be recognized as one of the top performing banks in a year when all banks and communities were going through significant challenges,” said SFC Bank President and CEO Monte McNew. “We pride ourselves on building strong relationships with our clients and our communities. I believe our performance is a reflection of our team’s dedication to those values.”
The S&P rankings were based on weighted metrics, including pretax return on tangible common equity, efficiency ratio, net interest margin, operating revenue growth, leverage ratio, and nonperforming assets and loans 90 days or more past due as a percentage of total assets. Click here to learn more about the analysis and access the full list of top performing U.S. community banks and credit unions for 2020.
QCR Holdings, Inc. is a multi-bank holding company which includes Quad City Bank & Trust in the Quad Cities, Cedar Rapids Bank & Trust in Cedar Rapids, Iowa, Community State Bank, based in Ankeny, Iowa, SFC Bank, based in Springfield, Missouri, Community Bank & Trust, a division of Cedar Rapids Bank & Trust Company, located in the Cedar Falls/Waterloo, Iowa area.