How profitable a bank is affects its long-term survivability. A bank can retain its earnings, giving a boost to its capital cushion, or use them to address problematic loans, likely making the bank more resilient in times of trouble. Obviously, banks that are losing money are less able to do those things.
Steuben Trust Company scored 20 out of a possible 30 on Bankrate's test of earnings, better than the national average of 16.52.
One important way to measure a bank's earnings is return on equity, calculated by dividing net income (essentially profit) by the total amount of equity. Steuben Trust Company's most recent annualized quarterly return on equity was 10.66 percent, above the national average of 9.28 percent.
The bank recorded net income of $2.9 million on total equity of $55.7 million for the twelve months ended June 30, 2017. The bank reported an annualized return on average assets, or ROA, of 1.10 percent, above the 1 percent deemed satisfactory in accordance with industry standards, but below the average for U.S. banks of 1.14 percent.