How profitable a bank is affects its safety and soundness. Earnings may be retained by the bank, expanding its capital cushion, or be used to deal with problematic loans, potentially making the bank more resilient in tough times. Conversely, losses take away from a bank's ability to do those things.
First National Bank of Griffin exceeded the national average on Bankrate's earnings test, achieving a score of 30 out of a possible 30.
One important measure of a bank's earnings is return on equity, calculated by dividing net income (profit, essentially) by the total amount of equity. First National Bank of Griffin's most recent annualized quarterly return on equity was 40.41 percent, above the national average of 8.10 percent.
The bank earned net income of $5.6 million on total equity of $17.8 million for the twelve months ended December 31, 2017. The bank experienced an annualized return on average assets, or ROA, of 2.13 percent, above the 1 percent deemed satisfactory in accordance with industry standards, and above the average for U.S. banks of 1.00 percent.