A bank's profitability has an effect on its long-term survivability. A bank can retain its earnings, boosting its capital buffer, or put them to work addressing problematic loans, potentially making the bank better able to withstand economic trouble. Banks that are losing money, however, are less able to do those things.
On Bankrate's earnings test, Greenville Savings Bank scored 12 out of a possible 30, coming in below the national average of 15.12.
One key way to measure a bank's earnings is return on equity, calculated by dividing net income (profit, basically) by the total amount of equity. Greenville Savings Bank's most recent annualized quarterly return on equity was 5.17 percent, below the national average of 8.10 percent.
The bank recorded net income of $1.6 million on total equity of $31.9 million for the twelve months ended December 31, 2017. The bank reported an annualized return on average assets, or ROA, of 0.67 percent, below the 1 percent deemed satisfactory in accordance with industry standards and below the average for U.S. banks of 1.00 percent.