Citizens Bank of WV is Ranked #10 in Nation

Citizens Bank of West Virginia was recently recognized by CB Resource, Inc. for financial performance in the top 10% of banks in the nation, ranking 10th among 638 banks with total assets between $250 and $499 million. Citizens was the only bank headquartered in West Virginia in that asset range to make the CB Top Ten™ report that uses a scorecard based approach with eight performance indicators to identify the top performing banks in the country.

The CB Top Ten™ groups community banks into five peer categories based on total assets. The rankings are based on bank performance within key performance indicator categories and their collective performance in all categories. The key indicators include asset growth, return on average assets, return on average equity, net interest margin, efficiency ratio, non-performing assets, non-interest-bearing deposits, and non-interest income. Citizens Bank of West Virginia ranked number 10 nationwide for the entire year’s performance in 2021 among its peers.