社区银行模式外文文献翻译2017.docx

外文文献翻译 原文及译文 文献出处：Stark M. The Research the New Community Bank Model [J] Bank Accounting Finance, 2017, 1(3):21-31. 原文 The Research the New Community Bank Model Stark M Community banks need to find a new business model. Why? Because the old one doesn’t work anymore. The evidence is a large and widening gap in profitability between community banks and larger banks, a gap that didn’t exist 10 years ago. Having been involved with community banks for the past 20 years, I believe that many of the smallest banks are using largely the same business model today that they were 10 or 20 years ago; but today’s new competitive, legislative and operating environ- ment is radically different from the 1980s and early 1990s. By one CEO’s description, many community banks are generating expense in multiple business models and generating revenue in only one, and an old one at that. ■What happened during the decade? ■Why did smaller banks lose ground? ■What’s the outlook for small banks? In this article, I’ll try to answer all three questions. The views expressed here are based on personal observation and numerous contacts with community bankers. The evidence, therefore, is anecdotal, but industry operating results support these observations. Community Bank Profitability in Decline Community banking profitability suffered in the past decade. Exhibits 1 and 2 show the changed picture: In 1996, all of the asset size groups had a return on average assets (ROAA) above 1.00 percent, and there was no apparent correlation between size and profitability. By 2006, the smallest banks’ ROAA had dropped below 1.00 percent and only the largest banks gained ground during the decade. Moreover, the ascending bars in the right-hand graph suggest a strong positive correlation between size and profit- ability that wasn’t apparent earlier. The smallest banks lost profitability not only in absolute terms, but also in relation to the larger asset size groups. Exhibit 3 shows both the 10-