This risk assessment analysis was conducted on community banks nationwide with assets from $10 million to $10 billion for 2013.
Credit risk, earnings at risk, liquidity risk, capital risk and economic risk are all part of the Seifried and Brew Risk Index used to evaluate the health of a financial institution.
Some 987 community banks nationwide were acknowledged as achieving the Top 15th Percentile, 25 of those were headquartered in Tennessee.
“Ranking sixth in the state is a reflection of a strong leadership team, an excellent staff and the great place we do business, Bradley County,” said Scott Taylor, chief executive officer of Bank of Cleveland.
“Bradley County is a thriving community which has attracted many industries and businesses throughout the years. We concentrate all of our efforts in Bradley County.”
Seifried and Brew is a national consulting firm located in Bethlehem, Pennsylvania which provides strategic, analytical and revenue enhancing services for community banks.
The company’s philosophy is founded on traditional, conservative and profitable community banking that creates an environment for the nation to prosper.
Founders Dr. Ed Seifried and Jay Brew believe in traditional, conservative banking and that community banks can strive for high performance while maintaining a low level of risk.
Bank of Cleveland opened its doors in 1987 and is the only local bank in Bradley County.