Forbes magazine has placed Community Bank System, Inc. as the fourth-best bank for financial strength in the magazine's annual listing of the Best and Worst Banks in America.
The metrics utilized by Forbes magazine included return on average equity, net interest margin, nonperforming loans as a percentage of loans (NPLs), nonperforming assets as a percentage of assets, reserves as a percentage of nonperforming loans, two capital ratios, leverage ratio and revenue growth for the last 12 months. All metrics were weighted equally in the final ranking.
Community Bank President and Chief Executive Officer Mark E. Tryniski attributes the company’s success to employees across the organization.
“This recognition belongs to our employees," he said. "I am grateful and thankful for the care and loyalty they take every day in serving our customers and our communities.”
The bank has a regional operations center in Canton and maintains bank branches in St. Lawrence County and vicinity at Canton, Madrid, Potsdam, Norwood, Waddington, Massena, Hermon, Heuvelton, Ogdensburg, Gouverneur, Star Lake, Brushton, St. Regis Falls, and Harrisville.