6 N.J. banks rank in American Banker Magazine’s Top 200

Six New Jersey bank’s made it onto American Banker magazine’s list of the Top 200 Publicly Traded Community Banks.

The magazine includes institutions that had total assets of less than $2 billion as of Dec. 31, 2017 and are publicly traded. Nationally, 633 institutions fit the category.

The ranking is based on three-year average return on equity, a measure of profitability that calculates how many dollars of profit a company generates with each dollar of shareholders’ equity. The average ROE of all 633 institutions was 6.74 percent.

The six New Jersey companies on the list, their rank and ROE:

7. First Commerce Bank (Lakewood), ROE: 15.28;
19. Unity Bancorp (Clinton), ROE: 13.24;
38. Marlin Business Services (Mount Laurel), ROE: 12.01;
42. Parke Bancorp (Sewell), ROE: 11.83;
59. Bank of Princeton (Princeton), ROE: 11.1;
76. Capital Bank of New Jersey (Vineland), ROE: 10.71.

To see the full list, click here.