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ABA adds 10 banks to ABAQ community bank stock index

Ten banks  recently joined the American Bankers Association’s NASDAQ Community Bank Index, the broadest stock index for community banks and an important financial tool for banks and investors.

Capital Bank Financial Corp., CU Bancorp, FS Bancorp, Georgetown Bancorp, Hamilton Bancorp, HomeTrust Bancshares, Howard Bancorp, Madison Country Financial, Pacific Capital Bancorp and Sound Financial Bancorp joined the index on Monday.

The index, which was launched in December 2003, includes 382 community banks with a market capitalization of $123 billion. Additionally, the index includes all banks and savings associations listed on the NASDAQ except the largest 50 bank and thrift charters based on assets, banks with an “international specialization” and banks with a “credit card specialization.”

The index is calculated on a total return and price return basis and is reported daily as a total return index in which the value of reinvested dividends is included in the calculation. A total return index is often used in proxy statements as a benchmark.

Price changes throughout trading are reported every 15 seconds and are accessed using the symbol ABAQ. The price changes are reported on the ABA’s website, as well as financial data services, including Yahoo and Bloomberg. The listings are also published daily in American Banker.

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