MCGREGOR, TX (April 19, 2018) — TFNB has been ranked 25th in S&P’s Global Market Intelligence 2017 list of the 100 best-performing community banks with less than $1 billion in assets.
TFNB outperformed 75 banks included in the analysis which examined six metrics: pretax return on tangible common equity; net charge-offs as a percentage of average loans; efficiency ratio, adjusted Texas ratio; net interest margin; and loan growth.
“Our ranking reflects the commitment of our staff to a strong sales, service and credit culture, as well as a high level of efficiency in our operations,” said David Littlewood, CEO and president of TFNB. “As we continue to grow, we believe we will maintain our position as one of the best-performing community banks in the United States.”
TFNB is doubling its footprint in Central Texas. In November 2017, the bank opened its third location in Waco’s premier office building, Triangle Tower. It’s fourth location, TFNB Downtown Waco, will open in September at 901 S. 8th Street.
Late last year, TFNB earned the Texas Treasure Business Award for its longevity in the community and contributions to the state economy and local community. The First National Bank of McGregor, now operating as TFNB, was founded as an independently owned community bank in 1889 in McGregor, Texas by a group of local businessmen. Since then, the bank has become employee-owned and has been an active employer in McGregor and Waco with more than 60 employees today.
About TFNB Your Bank for Life
TFNB offers a full array of trust services and financial products, ranging from traditional, interest-bearing checking, savings, money market and CD accounts to modern conveniences such as debit cards, credit cards, ATMs and Internet banking. The bank’s lending team offers commercial, agriculture, real estate, mortgage and auto loans, as well as personal loans. It is the oldest bank in McLennan County and the seventh oldest national bank in Texas still operating under its original charter. Visit tfnbtx.com for more information.