The Bank of Elk River Ranked an Optimal Performer in 2016 by Seifried & Brew

May 25, 2017

Seifried & Brew, LLC, a community bank consulting and risk management firm, has ranked The Bank of Elk River as a high-performing bank in its prestigious 2016 S&B Top 15th Percentile. This designation is assigned to banks whose overall performance ranks them within the top 15 percent of all community banks in the nation.

To receive this distinguished honor, The Bank of Elk River has demonstrated exemplary performance by managing their exposure to risk while maintaining a notable level of reward.

“Being part of the Top 15th Percentile is a great accomplishment, and is no small feat,” said Jamie Sumner, Chief Analyst, Seifried & Brew, LLC. “In fact, this designation shows that The Bank of Elk River has been able to optimally balance risk and reward throughout 2016.”

The ranking is based on the Seifried & Brew index, which measures individual bank performance and then compares banks across the United States. The banks included in this index have assets between $10 million and $30 billion. Whereas other organizations rank bank performance, the Seifried & Brew composite score takes into consideration both risk and reward.

“The Seifried & Brew Top 15th Percentile ranking says to bank customers that their bank demonstrates exemplary management and safety as an institution,” said J.C. Brew, President and CEO, Seifried & Brew, LLC.

The Seifried & Brew Top 15th Percentile ranking has been released every year since 2011 and is based on public information exclusive of regulatory findings. To learn more about Seifried & Brew, visit their website: http://www.seifriedbrew.com/

The Bank of Elk River proudly serves the financial needs of individuals and businesses in Elk River, Otsego, Zimmerman and the surrounding communities.