Mission Valley Bank today was named one of California’s 2016 “super premier performing banks” by Findley Reports.
Each year since 1965, Findley Reports, a financial reporting and consulting firm based in Anaheim, has recognized high-performing banks in three tiers: “super premier,” “premier,” and “commendable” based on operating results.
“Earning this distinction for the second consecutive year stands as a strong testament to the dedication of our entire staff and management team to build and maintain a superior community business bank,” Tamara Gurney, the bank’s president and CEO, said in a statement.
Out of 127 banks recognized for 2016, Mission Valley Bank, the sole subsidiary of Mission Valley Bancorp, is one of 75 to be recognized as “super premier.” Banks are rated on four basic components: growth, return on beginning equity, net operating income as a percentage of average assets, and loan losses as a percentage of gross loans.
Two other groups that rate bank performance, Bauer Financial and Veribanc, Inc., also have recognized Mission Valley Bank with their most recent highest rating.