How profitable a bank is affects its safety and soundness. A bank can retain its earnings, giving a boost to its capital cushion, or use them to deal with problematic loans, potentially making the bank better able to withstand financial shocks. Conversely, losses take away from a bank's ability to do those things.
FNBC Bank & Trust exceeded the national average on Bankrate's earnings test, achieving a score of 20 out of a possible 30.
One important way to measure a bank's earnings is return on equity, or net income (essentially profit) divided by total equity. FNBC Bank & Trust's most recent annualized quarterly return on equity was 11.33 percent, above the national average of 9.28 percent.
For the twelve months ended June 30, 2017, the bank recorded net income of $2.9 million on total equity of $52.0 million. The bank reported an annualized return on average assets, or ROA, of 1.09 percent, above the 1 percent deemed satisfactory in accordance with industry standards, but below the average for U.S. banks of 1.14 percent.