A bank's ability to earn money has an effect on its safety and soundness. A bank can retain its earnings, increasing its capital cushion, or put them to work addressing problematic loans, likely making the bank better able to withstand economic trouble. However, banks that are losing money have less ability to do those things.
On Bankrate's test of earnings, First County Bank scored 18 out of a possible 30, better than the national average of 16.52.
One key measure of a bank's earnings is return on equity, calculated by dividing net income (profit, essentially) by the total amount of equity. First County Bank's most recent annualized quarterly return on equity was 9.67 percent, above the national average of 9.28 percent.
The bank reported net income of $2.0 million on total equity of $43.2 million for the twelve months ended June 30, 2017. The bank reported an annualized return on average assets, or ROA, of 0.82 percent, below the 1 percent deemed satisfactory in accordance with industry standards and below the average for U.S. banks of 1.14 percent.