Left Panel Chart 1 - Closely Held Community Banks Where Ownership and Managerial Control Overlap Have Consistently Reported Higher Profitablility
CALLYM	flagvar	roa
200912	Widely Held	0.0%
201012	Widely Held	0.4%
201112	Widely Held	0.5%
201212	Widely Held	0.9%
201312	Widely Held	1.1%
201412	Widely Held	1.1%
200912	Closely Held	0.4%
201012	Closely Held	0.6%
201112	Closely Held	0.8%
201212	Closely Held	1.1%
201312	Closely Held	1.2%
201412	Closely Held	1.3%

Right Panel Chart 1 - Closely Held Community Banks Where Ownership and Managerial Control Overlap Have Consistently Reported Higher Profitablility
CALLYM	flagvar	roa
200912	Closely Held - No Overlap	0.3%
201012	Closely Held - No Overlap	0.4%
201112	Closely Held - No Overlap	0.7%
201212	Closely Held - No Overlap	0.9%
201312	Closely Held - No Overlap	1.0%
201412	Closely Held - No Overlap	1.2%
200912	Closely Held - Overlap	0.5%
201012	Closely Held - Overlap	0.6%
201112	Closely Held - Overlap	0.8%
201212	Closely Held - Overlap	1.2%
201312	Closely Held - Overlap	1.3%
201412	Closely Held - Overlap	1.4%
200912	Widely Held	0.0%
201012	Widely Held	0.4%
201112	Widely Held	0.5%
201212	Widely Held	0.9%
201312	Widely Held	1.1%
201412	Widely Held	1.1%