WASHINGTON – The America's Community Bankers NASDAQ Index (ACBQ) outperformed the broader market indexes for the first half of the year. The ACBQ Index posted an increase of 5.5% for the six months ending June 30, 2006, highlighting the strong investment performance of the community banking sector. The index value was 120.00 at year-end 2005 and 126.62 as of June 30, 2006. The Index had a market capitalization of over $215 billion and included 523 community banks. The S&P 500 Index was up only 1.75% and the NASDAQ Composite lost 1% over the same period. The ACBQ Index includes only community banks and thrifts, excluding large banks and those with specializations in credit cards and international lending.
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