Mid Penn Bank is among the 50 best-performing community banks with between $3 billion and $10 billion in assets. The just-released list from S&P Global Market Intelligence is based on financial results for 2021.  

Banks were evaluated based on return on tangible equity, operating revenue growth, efficiency ratio, asset quality ratios, and other factors. Paycheck Protection Program (PPP) loans were excluded from the asset-size classification and the asset quality calculations.

“Mid Penn had the most successful and transformative year in its 153-year history in 2021,” said Mid Penn Bank CEO Rory Ritrievi. “The organic growth we created while also broadening our franchise, expanding our balance sheet through a successful public offering, and completing our largest acquisition to date was a tremendous accomplishment.

“Every single member of our team worked tirelessly and diligently through difficult challenges in 2021 to achieve our success, and I am extremely proud of our company’s performance and being ranked on this list of high-performing companies.”

Check out the list in its entirety from S&P Global Market Intelligence.