The financial analysis company Seifried & Brew each year ranks banks with assets between $10 million to $10 billion for excellence in optimum balance of risk and reward. For the second year, Paducah Bank is listed in the nation’s top 15% among financial institutions from all over the United States.
Seifried & Brew ranks every community bank across the nation with a proprietary total risk index. The index models capital risk, credit risk, earnings at risk, liquidity risk, and national/regional economic risk. The S&B Composite Index balances each community bank’s risk ranking with their return on assets and return on equity.
“This is both very satisfying for us to be in such good company,” said Mardie Herndon, Paducah Bank President, “as well as very gratifying that we can provide such a strong statement to our customers and potential customers that Paducah Bank is among the best in the nation at managing our bank’s assets and risk factors. When a community bank can be placed among the top 15% of the banks in the nation, that’s an accomplishment that is notable and one in which we take great pride.”
Paducah Bank is an award-winning, locally-owned bank with locations in the city and county. The bank has six locations throughout the community and employs 120 people.
Paducah Bank is currently the top small business lender and the top mortgage lender in Paducah/McCracken County. Paducah Bank was named the Best Place to Work in Kentucky among medium-sized companies in 2006. In 2008, Paducah Bank was chosen by the Wall Street Journal as one of the nation’s Top 15 Small Workplaces. In 2013, the bank was named as one of the Top 10 Banks in the nation for the effective use of social media by the Independent Community Bank Association.