Barnes Banking Co. of Kaysville is the No. 1 bank for return on average assets in the southwest region as reported in a recent issue of American Banker, which published a list of the top 100 community banks in the United States.
Alan B. Blood, chairman and chief executive officer, said Barnes ranks 14th in the complete list of 100 community banks and ranks 24th in net income per employee.
American Banker defines a community bank as one with Federal Deposit Insurance Corp. insurance and assets of between $50 million and $175 million. It can be independently owned or be a one-bank holding company.
The southwest region consists of Utah, Colorado, Louisiana, New Mexico, Oklahoma and Texas.