Community Bank of Santa Maria has been recognized with Premier Performing rating for 2024 from the Findley Report, which has been providing the banking industry with performance benchmarking since 1967.

The bank also received another 5-Star rating from BauerFinancial; 5-Star is the highest rating available from the unbiased, independent company.

In evaluating banks for recognition, the Findley Report focuses 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.

BauerFinancial criteria includes capital ratios, profitability/loss trends, loan quality, investment portfolio value, regulatory ratings, and liquidity. 
 
“Being named a Premier Performing bank and achieving another quarter with a 5-star rating from Bauer is an honor we don’t take lightly,” said Janet Silveria, Community Bank of Santa Maria president/CEO.

“We feel it’s a reflection of the financial performance we’re able to achieve while not losing sight of the fact we are here to serve our customers and the community,” she said.

For more about Community Bank of Santa Maria visit www.yourcbsm.com.