LATROBE, Pa., April 6, 2011 /PRNewswire/ -- Commercial Bank & Trust of PA (Bank), wholly owned banking subsidiary of Commercial National Financial Corporation (NASDAQ: CNAF), was recently ranked as #1 in Pennsylvania and #33 nationwide in the 2010 S&B Top 15th Percentile of Community Banks based on the Seifried & Brew (S&B) Total Risk/Return Composite Ranking Report. The S&B Top 15th Percentile Banks are inclusive of community banks with assets between $100 million to $5 billion, that have excelled in 2010.
The S&B Total Risk/Return Composite Ranking includes two main components: risk and reward. Under the risk component, S&B calculates each bank's earnings at risk, credit risk, liquidity risk, capital risk, national economic risk and state economic risk. For the reward component, S&B looks at each bank's return on average assets and return on average equity. These two components are then combined to provide a composite ranking for each bank.
In order to optimize managed risk, these top performing banks are built on a strong foundation of sound strategic and capital planning, which must include assessing risk and setting risk parameters. Although it is not possible for a community bank to insulate itself from credit cycles, it is possible to lower its risk exposure through proper risk assessment and capital planning, as exemplified by the Top 15th Percentile Banks.
In addition to Latrobe, Pennsylvania where it is headquartered, the Company operates community-banking facilities in Greensburg, Hempfield Township, Ligonier, North Huntingdon, Unity Township and West Newton, Pennsylvania and also maintains a commercial business development sales force throughout its entire market area. The Company operates an asset management and trust division of Commercial Bank & Trust of PA headquartered in Greensburg, Pennsylvania. Commercial Bank & Trust of PA also serves its customer base from an Internet banking site ( www.cbthebank.com) and an automated TouchTone Teller banking system.Safe Harbor Statement Forward-looking statements (statements which are not historical facts) in this release are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. For this purpose, any statements contained herein that are not statements of historical fact may be deemed to be forward-looking statements. Without limiting the generality of the foregoing, words such as "may," "will," "to," "expect," "believe," "anticipate," "intend," "could," "would," "estimate," or "continue" or the negative or other variations thereof or comparable terminology are intended to identify forward-looking statements. These statements are based on information currently available to the Company, and the Company assumes no obligation to update these statements as circumstances change. Investors are cautioned that all forward-looking statements involve risk and uncertainties, including changes in general economic and financial market conditions, unforeseen credit problems, and the Company's ability to execute its business plans. The actual results of future events could differ materially from those stated in any fo r ward-looking statements herein. SOURCE Commercial Bank & Trust of PA