Kentucky banks ranked eighth for return on assets - Business First of Louisville:

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In the First Quarter Banking Profilee issued bythe , the 199 financial institutions basedx in Kentucky posted a returh on average of 0.9 percent in first quarter of 2009. Only seven states had bankx that weremore profitable, according the KDFI release: North at 1.48 percent; Colorado at 1.44 Hawaii at 1.38 percent; Montans at 1.25 percent: Oklahoma at 1.17 West Virginia at 1.02 percent and New York at 0.99 Historically, a return on average assets of 1 percent is consideree a benchmark for a profitable bank. Below one percentg usually means the bank posted a The average return nationally on average assets for the firsty quarterwas 0.
22 including banks in the Districg of Columbia and Puerto Rico, with some states postingg low or negative returns.