A bank's profitability has an effect on its safety and soundness. A bank can retain its earnings, expanding its capital cushion, or put them to work addressing problematic loans, potentially making the bank more resilient in times of trouble. Conversely, losses take away from a bank's ability to do those things.
Resurgens Bank scored 22 out of a possible 30 on Bankrate's test of earnings, beating out the national average of 16.52.
One important measure of a bank's earnings is return on equity, or net income (profit, basically) divided by total equity. Resurgens Bank's most recent annualized quarterly return on equity was 13.86 percent, above the national average of 9.28 percent.
For the twelve months ended June 30, 2017, the bank recorded net income of $1.3 million on total equity of $19.1 million. The bank reported an annualized return on average assets, or ROA, of 1.58 percent, above the 1 percent deemed satisfactory in accordance with industry standards, and above the average for U.S. banks of 1.14 percent.