A bank's profitability affects its safety and soundness. A bank can retain its earnings, boosting its capital cushion, or use them to address problematic loans, potentially making the bank more resilient in times of trouble. Losses, on the other hand, take away from a bank's ability to do those things.
Tri-County Bank scored 20 out of a possible 30 on Bankrate's test of earnings, above the national average of 15.12.
One key measure of a bank's earnings is return on equity, or net income (profit, basically) divided by the total amount of equity. Tri-County Bank's most recent annualized quarterly return on equity was 11.85 percent, above the national average of 8.10 percent.
The bank earned net income of $3.5 million on total equity of $30.7 million for the twelve months ended December 31, 2017. The bank reported an annualized return on average assets, or ROA, of 1.24 percent, above the 1 percent deemed satisfactory in accordance with industry standards, and above the average for U.S. banks of 1.00 percent.