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Friday, September 12, 2014

The Best in Baltimore!

The Baltimore area was shut out of a list of the top 200 healthiest banks in America, although a small community bank based in the city was among the healthiest in the state of Maryland.

St. Casimir's Savings Bank, a four-branch bank based in Canton, was one of the healthiest in the state by the measure of a key ratio called the Texas Ratio, according to data compiled by online rater DepositAccounts.com. The bank was one of only three in Maryland to post a Texas Ratio of 0 percent.

The Texas Ratio alone wasn't enough to push St. Casimir's onto a Deposit Accounts list of the 200 healthiest banks in 2014. Only one bank in Maryland, OBA Bank of Germantown, made that list at No. 42. OBA is being acquired by First National Bank Corp. of Pittsburgh.

Deposit Accounts did give Baltimore's St. Casimir's an overall rating of B+ thanks in part to a strong Texas Ratio buoyed by no non-current loans as of June 30. The bank was hurt by deposits that decreased $3.04 million, or 3.88 percent in the last year. The rater listed the bank's total assets at $97.1 million.

Read more at Baltimore Business Journal.



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