Rondout Savings Bank receives top BauerFinancial rating for the 86th consecutive quarter
Hitting your mark once or twice is great news, no matter what field you’re in, but it takes a real pro to consistently score at the top of your game. Rondout Savings Bank has received a coveted 5-Star rating by BauerFinancial for the 86th consecutive quarter.
“Our solid financials and performance have led to our 86th consecutive quarterly 5-star Superior Safety Rating from BauerFinancial, the premier independent bank rating and research firm in the nation. Only 10 percent of the nation’s 7,000 or so banks have earned this 5-Star Superior Quality Rating,” James F. Davenport, president of Rondout Savings Bank explained.
BauerFinancial Inc. (http://www.bauerfinancial.com) is a nationally recognized independent bank and credit union rating and research firm. A 5-Star rating from them means that they have done their research and declared Rondout Savings Bank to be one of the strongest banking institutions in the country, not bad for a real community bank where customers are treated like people, not bank account numbers.
BauerFinancial’s Star Ratings are assigned on a scale of zero-to-five stars and are based on the current overall financial picture of the bank. Areas reviewed include but are not limited to capital ratio, profitability/loss trend, evaluating the level of delinquent loans, charge-offs and repossessed assets, the market versus book value of the investment portfolio, regulatory supervisory agreements, the community reinvestment rating (CRA), historical data and liquidity.