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Unlike many other countries, there are thousands of small community banks in the U.S. These banks have a smaller foot print when compared to the regional or national banks such as Bank of America (BAC), Fifth Third Bank (FITB), U.S. Bank (USB), etc. However they are usually know their customers better and maintain close relationships with the local small businesses and consumers.

Some community banks operate in just a few counties and have very few branches. For example, United Bancorp Inc Ohio (UBCP) is a state chartered bank and has branches in just a seven country area in Ohio.

Accordingly, these banks have very low market caps and liquidity can be issue since the total number of outstanding shares is low. UBCP has a market cap of about $45M with 5.2M shares outstanding.

The following table lists 33 small cap community banks with yields of over 5%:

Name Symbol Dividend Yield as of 1/25/10
Britton & Koontz Capital OTCQB:bkbk 6.30%
Bank of McKenney OTCQB:BOMK 5.38%
Community Bank Shares of Indiana, Inc. CBIN 5.93%
Capital Bank Corporation CBKN 7.86%
Capital City Bank Group, Inc. CCBG 6.40%
C&F Financial Corporation CFFI 5.00%
Cheviot Financial Corp. CHEV 5.42%
Chemical Financial Corporation CHFC 5.47%
Commercial National Financial Corp OTCQB:CNAF 5.03%
Citizens & Northern Corporation CZNC 10.74%
ECB Bancorp, Inc. ECBE 6.40%
Fauquier Bankshares, Inc. FBSS 5.73%
The First Bancorp, Inc. FNLC 5.45%
First South Bancorp, Inc. FSBK 7.83%
First united corporation FUNC 6.53%
Jeffersonville Bancorp OTCQB:JFBC 5.41%
Merchants Bancshares,Inc. MBVT 5.34%
Monarch Community Bancorp, Inc. OTCQB:MCBF 10.22%
NB&T Financial Group, Inc. NBTF 6.82%
New Hampshire Thrift Bancshares, Inc. NHTB 5.04%
Premier Financial Bancorp, Inc. PFBI 5.96%
Princeton National Bancorp, Inc. OTCPK:PNBC 5.05%
Pulaski Financial Corp. PULB 5.84%
Penns Woods Bancorp, Inc. PWOD 5.98%
Rurban Financial Corporation RBNF 5.10%
United Bancorp, Inc. UBCP 6.32%
United Bancshares Inc. OH UBOH 6.59%
United Bankshares, Inc. UBSI 5.31%
Union Bankshares, Inc. UNB 5.63%
Washington Trust Bancorp WASH 5.54%
United Community Bancorp. UCBA 6.50%
Porter Bancorp, Inc. PBIB 5.67%
Summit State Bank SSBI 7.35%
Source: Community Bank Stocks with Dividend Yields Higher than 5%