How profitable a bank is affects its safety and soundness. Earnings can be retained by the bank, giving a boost to its capital buffer, or be used to deal with problematic loans, potentially making the bank more resilient in times of trouble. Obviously, banks that are losing money are less able to do those things.
The American National Bank of Mount Pleasant scored 22 out of a possible 30 on Bankrate's earnings test, better than the national average of 16.52.
One widely used measure of a bank's earnings is return on equity, calculated by dividing net income (profit, essentially) by the total amount of equity. The most recent annualized quarterly return on equity for The American National Bank of Mount Pleasant was 13.64 percent, above the national average of 9.28 percent.
The bank earned net income of $789,000 on total equity of $11.9 million for the twelve months ended June 30, 2017. The bank reported an annualized return on average assets, or ROA, of 1.70 percent, above the 1 percent deemed satisfactory in accordance with industry standards, and above the average for U.S. banks of 1.14 percent.