1 

Quarterly Analysis of Institutions in the Capital Purchase Program 

2009 Q4 

Introduction 

Throughout 2008, the Federal Government launched a series of financial initiatives aimed at 

stabilizing the economy. The Treasury Department (“Treasury”) launched one of its largest 

initiatives, the Capital Purchase Program (CPP), under the Emergency Economic Stabilization 

Act (EESA) in October 2008. Through the CPP, Treasury purchased shares of preferred stock 

(or comparable instruments) from qualifying financial institutions. By strengthening the capital 

bases of these financial institutions through CPP, Treasury aimed to enhance market confidence 

in the entire banking system, thereby increasing the capacity of these institutions to lend to U.S. 

businesses and consumers and to support the U.S. economy under the difficult financial market 

conditions. 

In an effort to understand better how CPP and other stabilization initiatives may have affected 

financial institutions and their activities, an interagency group convened to determine and 

conduct appropriate analyses. The interagency group consists of representatives from Treasury, 

the Federal Deposit Insurance Corporation (FDIC), the Federal Reserve Board of Governors 

(Board), the Office of the Comptroller of the Currency (OCC), and the Office of Thrift 

Supervision (OTS). 

Identifying the effects of EESA programs on lending presents significant conceptual and 

practical challenges. Foremost among these challenges are the inherent difficulties in 

disentangling the relative importance of reduced demand for credit due to weaker economic 

activity, reduced supply of credit because borrowers appear less creditworthy, or reduced supply 

of credit because lenders face pressures that restrain them from extending credit, such as possible 

concerns about their capital. Modifying changes in the latter is the primary goal of the CPP and 

other measures taken. The close proximity in time of many actions by the U.S. and other 

governments, including the initial announcement of the CPP and other U.S. initiatives, adds to 

the challenges of identifying effects of specific programs or groups of programs. Over time, 

significant repayments of CPP funds will present further analytical challenges as the panel of 

CPP recipients and their characteristics shift over time. Notwithstanding these challenges, in the 

interest of providing information to the market and the U.S. public, the interagency group has 

undertaken, and will continue to produce, this summary of the activities of institutions receiving 

TARP capital through the CPP. 

By regulation, depository institutions are required each quarter to submit financial data (i.e. 

income statement, balance sheet, and supporting schedules) to their primary federal regulator in 

Call Reports and Thrift Financial Reports. Many depository institutions are owned by bank 

holding companies that may also own securities broker-dealers and other non-depository 

financial institutions. Large bank holding companies are required to submit consolidated 

financial data to the Federal Reserve Board of Governors each quarter in Consolidated Financial 

Statements for Bank Holding Companies (FR Y-9C Reports). The first section (“Section A”) of 
2 

                                                           

this report analyzes Call Reports and Thrift Financial Reports, and the second section (“Section 

B”) analyzes Y-9C data.1

The interagency group selected line items from regulatory filings that measure the status of 

financial institutions in a concise manner. Summary tables based on regulatory filing data 

include items in three broad categories: balance sheet and off-balance sheet items, performance 

ratios, and asset quality measures. The selected line items appear in the following tables, which 

contain data from fourth quarter 2008 through fourth quarter 2009.2 The interagency group 

recognized that both institution size and the timing of CPP capital investments would likely have 

a bearing on this type of analysis. Accordingly, these summary tables distinguish seven groups 

of financial institutions: 

Six groups of entities receiving CPP funds have been created for this report: 

• (I) The 21 largest bank holding companies that have received CPP funds. The 60 insured 

subsidiaries of these BHCs include the largest domestic banks. These 21 entities each submit 

consolidated monthly lending reports to Treasury.3

• (II) Independent banks and smaller bank and thrift holding companies that received CPP 

funds in the fourth quarter of 2008. 

• (III) Independent banks and bank and thrift holding companies that received CPP funds in the 

first quarter of 2009. 

• (IV) Independent banks and bank and thrift holding companies that received CPP funds in 

the second quarter of 2009. 

• (V) Independent banks and bank and thrift holding companies that received CPP funds in the 

third quarter of 2009. 

• (VI) Independent banks and bank and thrift holding companies that received CPP funds in 

the fourth quarter of 2009. 

1

 Detailed information on reporting can be found at the Federal Financial Institutions Examinations Council website 

(http://www.ffiec.gov) and at the Board of Governors website (http://www.federalreserve.gov) under “Reporting 

Forms”. In general, only bank holding companies with consolidated assets greater than $500 million are required to 

submit Y-9C reports. 

2

 See “Appendix A: Notes to Call and Thrift Financial Report Data Users” and “Appendix B: Notes to Y-9C Data 

Users” for a more detailed description of the data. 

3

 Treasury requested detailed consolidated monthly lending reports (“Monthly Lending and Intermediation 

Snapshot”) from the 21 largest bank holding companies in the program, supplemented by monthly reports (“CPP 

Monthly Lending Report”) by all CPP participants of three data points: average consumer loans outstanding, 

average commercial loans outstanding, and total loans. These monthly reports have been published on the Treasury 

web site at http://www.financialstability.gov/impact/surveys.htm. The Hartford, a thrift holding company, submits a 

Monthly Lending and Intermediation Snapshot to Treasury as well, but is not included in Group I. Institutions that 

have repaid, however, will not be asked to continue submitting Monthly Lending and Intermediation Snapshots. 
3 

One group of entities not receiving CPP funds has been created for this report: 

• (VII) The 7,076 FDIC-insured institutions that were not in groups that had received CPP 

capital as of December 31, 2009, make up the seventh group. About 94% of these 

institutions have total assets of less than $1 billion. 

While these data accurately reflect the financial results of these different groups, it is difficult to 

draw specific conclusions about the effectiveness of the CPP from solely these ratios. First, 

more quarters of data will be needed to fully understand the effects of the CPP on both individual 

institutions as well as on the financial system as a whole. Second, these data are not seasonally 

adjusted, which may drive some of the quarter-to-quarter variations. And third, more analysis 

needs to occur to create a more accurate control group. This report presents all banks that did 

not participate in the CPP as the comparison group (Group VII). There are substantial 

differences among the institutions in this comparison group (the range of asset size in particular) 

that make it difficult to compare aggregate results for Group VII with results for the six CPP 

groups. Designing appropriate comparisons will be a focus of future analysis. 
Section A: Call and Thrift Financial Report Analysis 

The Call and Thrift Financial Report data are organized into seven tables, by group: 

Group Description

Number of 

CPP 

participants

Number of 

Insured 

institutions

Average asset size of 

insured institution 

(billions)

Group I Subsidiaries of the 21 Largest CPP 

Participants (as of December 31, 2009)

21 56 $142.80 

Group II Subsidiaries of CPP Participants that 

were funded in Q4 2008

190 290 $3.10 

Group III Subsidiaries of CPP Participants that 

were funded in Q1 2009

317 363 $1.10 

Group IV Subsidiaries of CPP Participants that 

were funded in Q2 2009

116 147 $0.30 

Group V Subsidiaries of CPP Participants that 

were funded in Q3 2009

36 46 $0.50 

Group VI Subsidiaries of CPP Participants that 

were funded in Q4 2009

22 34 $0.20 

Group VII Non CPP Participants (as of 

December 31, 2009)

7,076 $0.50 

Summary of Findings 

Note: All changes refer to the change between third quarter 2009 and fourth quarter 2009, 

unless otherwise noted. 

Selected Balance and Off-Balance Sheet Items

Overall Asset Growth 

Groups III, V, and VI experienced positive overall asset growth in Q4 2009 with asset growth of 

7.1%, 1.2%, and 3.4 % respectively. 

Loan Growth4

All Groups, except III and VI, experienced negative growth in the total loans in Q4 2009. 

Despite largely negative total loan growth all groups did experience positive growth in some 

individual loan categories. Group I had positive growth in commercial real estate (0.1%). Group 

II had positive growth in closed-end 1-4 family residential (0.3%), home equity (0.7%), credit 

card (2.2%), and commercial real estate (1.2%). Group III had positive growth in home equity 

                                                           

4

 All loan growth figures refer to the change in outstanding loan balances. 

4 
5 

                                                           

(0.3%), credit card (139.2%)5, other consumer (2.5%), and commercial real estate (1.1%). 

Group IV had positive growth in closed-end 1-4 family residential (1.6%) and commercial real 

estate (0.9%). Group V had positive growth in closed-end 1-4 family residential (1.0%) and 

commercial real estate (1.2%). Group VI had positive growth in home equity (6.4%), 

commercial and industrial (1.0%), and commercial real estate (4.4%). Lastly, Group VII had 

positive growth only in credit card (3.0%). 

Closed-end Mortgage and Open-end HELOC Originations6

In all groups, closed-end mortgage originations sold decreased. Closed-end mortgage 

originations held for sale decreased only for Groups I, II, V, and VI. 

Of the four groups (Groups I, II, IV, and VII) that reported open-end HELOC originations in Q4 

2009 Group I experienced a decrease in HELOCs originated for sale and Groups II and IV 

experienced an increase. Groups I and II experienced decreases in HELOC originations sold. 

Group VII had an increase in both HELOC originations for sale and sold. 

Securities on Balance Sheet 

In Q4 2009, all groups except Groups I, II, and V experienced negative growth in mortgagebacked securities (MBS). Asset-backed securities (ABS) rose in Groups I, II, and VII. Finally, 

other securities7 grew in all groups except Group II. 

Other Asset Growth 

Unused commitments decreased in all groups. Group IV had the largest percentage decrease 

(-6.0%), while Group VII had the smallest percentage decrease (-1.3%). The outstanding 

principal balance of assets sold and securitized with servicing retained decreased in all groups 

except Group VI where there was no change, and Group VII where there was an increase. Cash 

and balances due rose in all groups except I, II, and IV. 

Liabilities 

With the exception of Groups I, II, and VII, all groups experienced increases in total liabilities. 

Further, all groups experienced positive growth in deposits. The largest increase in deposits was 

in Group III (2.8%) and the smallest growth was in deposits in Group IV (0.2%). 

Total other borrowings8

 and Federal Home Loan Bank (FHLB) advances were mixed across the 

groups. The largest decrease in total other borrowings was Group I (-15.2%). The largest 

5

 The dramatic increase is largely attributed to Discover Financial Services (approximately $23 billion in credit card 

loans in Q3 2009; approximately $48 billion in credit card loans in Q4 2009). Excluding Discover Financial 

Services, Group III’s credit card loans went from roughly $304 million in Q3 2009 to $319 million in Q4 2009 (a 

5.0% increase). 

6

 Only Call Report filers with assets over $1 billion or more than $10 million in mortgage origination for two 

consecutive quarters are required to report residential loans originated for sale (see Appendix A: Notes to Call and 

Thrift Financial Report Data Users). 

7

 Defined as total securities less MBS and ABS. 
6 

decrease in FHLB advances was Group II with (-8.1%). The largest increase in total other 

borrowings was Group III and the largest increase in FHLB advances was in Group VI. 

Equity 

As expected, growth in equity capital was strong in Q4 2009 for Group VI (11.1%) as those 

institutions received capital infusions via CPP in Q4 2009. Also expected, stock sales and 

transactions with the parent holding company as a cumulative figure increased dramatically in 

Q4 2009 for Group VI. 

Performance Ratios9

Capital Ratios 

In Q4 2009, Group VI had the highest tier 1 leverage ratio and Group VII had the highest tier 1 

risk-based capital ratio and total risk-based capital ratio. As expected, Group VI experienced the 

largest increases in all three capital ratios in Q4 2009 (the quarter of their capital infusions via 

CPP). 

Earnings Ratios 

In Q4 2009, return on equity and return on assets were negative in all groups except Group I. 

Across all groups, net interest margins were positive. Return on equity and return on assets 

decreased in IV, V, and VII. Net interest margins increased slightly in most groups except 

Groups I, V, and VII where it was unchanged. 

Loss Coverage Ratios 

Coverage ratios (allowance for loan and lease losses to noncurrent loans) declined in Groups I, 

IV, V, and VI, and increased in groups II, III, and VII. The largest decrease in coverage ratios 

was in Group I. In Q4 2009, Group III had the highest coverage ratio (68.4%), while Group IV 

had the lowest coverage ratio (48.0%). 

The ratio of loss provisions to net charge-offs (for the quarter) decreased across all groups except 

Group II. Group V had the highest ratio of loss provisions to net charge-offs in Q4 2009 

(149.9%), while Group III had the lowest ratio (112.0%). 

The ratio of net charge-offs to average loans and leases increased in all groups in Q4 2009 except 

group I where there was no change. The largest increase was in Group V. In Q4 2009, Group I 

had the highest ratio of net charge-offs to average loans and leases (3.2%) and Group VI had the 

lowest ratio of net charge-offs to average loans and leases (1.4%). 

                                                                                                                                                                                               

8 Total other borrowings include FHLB advances and other amounts borrowed by the consolidated bank, exclusive 

of federal funds purchased and securities sold under agreements to repurchase, liabilities for short positions, and 

subordinated notes and debentures. This item includes mortgage indebtedness and obligations under capitalized 

leases. 

9

 Performance ratios reflect weighted averages for each group (see Appendix A: Notes to Call and Thrift Financial 

Report Data Users). 
7 

Asset Quality: Noncurrent Loans 

With few exceptions (mostly in C&I), noncurrent loans as a percentage of loans (within loan 

category) increased across all groups and loan categories in Q4 2009. 

Asset Quality: Gross Charge-offs

Gross charge-offs as a percentage of total loans (within loan type) either experienced no change 

or increased across most loan categories and groups in Q4 2009. None of the groups 

experienced decreases in the ratio of total gross charge-offs to total loans, as well as in the ratios 

of gross charge-offs to total loans in C&D, and HELOCs. The highest ratios of gross charge-offs 

to total loans were split between two groups. In Groups I, VI, and VII, the highest ratios of gross 

charge-offs to total loans were in credit card loans, and in the other groups the highest ratios of 

gross charge-offs to total loans were in C&D loans. Generally, the lowest ratios of gross chargeoffs to total loans were in CRE loans. 
Selected balance and off‐balance sheet items $ millions %chg from prev $ milli ons %chg from prev $ millions %chg from prev $ milli ons %chg from prev

Assets $8,414,192 ‐3.8% $8,226,857 ‐2.2% $8,157,278 ‐0.8% $7,997,712 ‐2.0%

Loans $4,351,622 ‐2.7% $4,281,078 ‐1.6% $4,136,028 ‐3.4% $4,031,747 ‐2.5%

Construction & development $188,779 ‐4.1% $179,716 ‐4.8% $170,971 ‐4.9% $161,960 ‐5.3%

Closed‐end 1‐4 family residential $1,145,865 0.2% $1,127,101 ‐1.6% $1,068,514 ‐5.2% $1,065,275 ‐0.3%

Home equity $479,606 0.8% $475,957 ‐0.8% $469,313 ‐1.4% $464,400 ‐1.0%

Credit card $292,775 ‐13.8% $290,482 ‐0.8% $285,938 ‐1.6% $284,212 ‐0.6%

Other consumer $376,231 0.9% $377,664 0.4% $378,619 0.3% $373,181 ‐1.4%

Commercial & Industrial $928,505 ‐4.8% $871,622 ‐6.1% $797,404 ‐8.5% $750,256 ‐5.9%

Commercial real estate $324,632 0.5% $324,631 0.0% $325,887 0.4% $326,291 0.1%

Unused commi tments $4,942,726 ‐8.4% $4,734,197 ‐4.2% $4,586,538 ‐3.1% $4,454,608 ‐2.9%

Securi tiza tion outs tandi ng princi pal $1,787,046 ‐1.5% $1,773,139 ‐0.8% $1,764,261 ‐0.5% $1,751,250 ‐0.7%

Mortgage‐backed securi ties (GSE and priva te i s s ue ) $767,594 2.8% $820,268 6.9% $798,565 ‐2.6% $843,512 5.6%

As set‐backed securi ties $121,824 9.9% $124,235 2.0% $128,062 3.1% $131,374 2.6%

Other securi ties $333,625 37.4% $389,387 16.7% $435,539 11.9% $478,264 9.8%

Ca s h & balances due $766,110 ‐6.3% $646,781 ‐15.6% $696,205 7.6% $681,652 ‐2.1%

Res idential mortgage origi na tions

Closed‐end mortgage originated for sale (quarter) $265,854 63.3% $414,322 55.8% $333,709 ‐19.5% $318,491 ‐4.6%

Open‐end HELOC originated for sale (quarter) $6,214 9.4% $6,726 8.3% $6,907 2.7% $5,883 ‐14.8%

Closed‐end mortgage originations sold (quarter) $260,358 58.5% $391,580 50.4% $366,300 ‐6.5% $319,394 ‐12.8%

Open‐end HELOC originations sold (quarter) $6,324 46.5% $4,824 ‐23.7% $8,945 85.4% $6,373 ‐28.8%

Liabilities $7,561,020 ‐5.1% $7,350,257 ‐2.8% $7,256,742 ‐1.3% $7,088,682 ‐2.3%

Deposi ts $5,181,636 ‐3.0% $5,235,105 1.0% $5,289,399 1.0% $5,369,297 1.5%

Total other borrowi ngs $1,638,299 ‐5.4% $1,448,716 ‐11.6% $1,295,113 ‐10.6% $1,098,735 ‐15.2%

FHLB advances $420,800 ‐14.3% $401,405 ‐4.6% $351,063 ‐12.5% $349,852 ‐0.3%

Equity

Equi ty capi tal a t qua rter end $839,102 8.0% $862,518 2.8% $886,072 2.7% $893,642 0.9%

Stock sales and transactions wi th pa rent holding company

(cumula tive through calender yea r) $43,037 NA $58,301 NA $71,336 NA $81,703 NA

Performance Ratios

Tier 1 leverage ra tio

Tier 1 ri sk based capi tal ra tio

Total ri sk based capi tal ra ti o

Return on equi ty1

Return on a s sets 1

Net i nteres t ma rgi n1

Coverage ra ti o {(ALLL+All oc trans fer ri sk)/Noncurrent loans )}

Los s provi s ion to net cha rge‐offs (qtr)

Net cha rge‐offs to average loans and leases 1

1

Quarterly, annualized.

Asset Quality (% of Total Loan Type)

Q1 2009 Q2 2009 Q3 2009 Q4 2009 Q1 2009 Q2 2009 Q3 2009 Q4 2009

Construction & development 10.4% 13.7% 16.4% 17.2% 0.8% 1.2% 1.5% 1.8%

Closed‐end 1‐4 family residential 8.3% 9.2% 11.2% 13.4% 0.4% 0.6% 0.6% 0.6%

Home equity 2.0% 2.0% 2.1% 2.1% 0.7% 0.9% 0.9% 0.9%

Credit card 3.7% 3.8% 3.5% 3.7% 2.2% 2.9% 2.9% 2.6%

Other consumer 1.8% 1.9% 1.9% 2.0% 1.0% 1.1% 1.1% 1.0%

Commercial & Industrial 2.4% 3.1% 4.1% 3.9% 0.5% 0.7% 0.8% 0.8%

Commercial real estate 2.4% 3.5% 4.2% 4.9% 0.1% 0.2% 0.3% 0.4%

Total loans 4.2% 4.8% 5.7% 6.4% 0.6% 0.8% 0.9% 0.9%

8 14 19

Source: Call and Thrift Financial Report Data

Notes:

Q4 2009

8.3%

11.0%

Institution Count

I. Subsidiaries of 21 Largest BHCs Receiving CPP Capital to Date

Noncurrent Loans Gross Charge‐Offs

14.2%

3.1%

0.3%

3.5%

59.6%

113.7%

Q4 200

15

9

Q4 2009

Insured Institutions by Asset Size

Q1 2009 Q2 2009 Q3 2009

Q1 2009 Q2 2009

7.5% 7.8% 8.1%

TARP CPP Funds Disbursed

21 56 $171,385

Entities in CPP

Q3 2009

10.0% 10.4% 10.8%

13.3% 13.7% 14.1%

2.4%

5.8% 0.5% 2.2%

0.5% 0.1% 0.2%

3.5% 3.6% 3.5%

More than $100

Billion

3.0%

64.1%

165.7% 140.1% 121.9%

The Hartford Financial Services Group (although a part of Treasury's Monthly Intermediation Snapshot "Top 22" reporting group)  is not included in the "21 Largest Bank Holding

Companies" group as it is a Thrift Holding Company and not a bank holding company.

3.2% 3.2%

71.5% 69.5%

Less than $1

Billion $1 ‐ $10 Billion $10 ‐ $100

Billion

8 
Selected balance and off‐balance sheet items $ millions %chg from prev $ milli ons %chg from prev $ millions %chg from prev $ millions %chg from prev

Assets $888,240 0.1% $879,537 ‐1.0% $893,315 1.6% $888,114 ‐0.6%

Loa ns $637,770 ‐0.6% $632,305 ‐0.9% $624,952 ‐1.2% $617,490 ‐1.2%

Construction & development $93,091 ‐2.6% $87,316 ‐6.2% $81,329 ‐6.9% $74,084 ‐8.9%

Closed‐end 1‐4 family residential $117,691 0.7% $117,081 ‐0.5% $114,467 ‐2.2% $114,930 0.4%

Home equity $43,922 2.5% $44,532 1.4% $45,224 1.6% $45,545 0.7%

Credit card $2,022 ‐3.3% $2,061 1.9% $2,074 0.6% $2,119 2.2%

Other consumer $28,294 ‐5.9% $27,257 ‐3.7% $27,265 0.0% $26,686 ‐2.1%

Commercial & Industrial $122,654 ‐2.4% $119,474 ‐2.6% $116,055 ‐2.9% $113,288 ‐2.4%

Commercial real estate $171,263 1.5% $174,489 1.9% $177,787 1.9% $179,844 1.2%

Unused commi tments $176,002 ‐2.7% $162,924 ‐7.4% $159,066 ‐2.4% $156,089 ‐1.9%

Securi ti za tion outs tanding principal $41,663 ‐0.2% $40,180 ‐3.6% $40,342 0.4% $39,266 ‐2.7%

Mortgage‐ba cked securi ties (GSE and priva te i s s ue ) $95,930 5.9% $97,458 1.6% $102,891 5.6% $105,031 2.1%

As set‐backed securi ties $2,862 ‐2.4% $458 ‐84.0% $850 85.6% $1,077 26.7%

Other securi ties $40,762 ‐3.6% $44,131 8.3% $47,445 7.5% $44,636 ‐5.9%

Ca s h & balances due $34,299 15.4% $32,792 ‐4.4% $45,131 37.6% $42,488 ‐5.9%

Residential mortgage origi na tions

Closed‐end mortgage originated for sale (quarter) $15,598 142.5% $18,664 19.7% $11,964 ‐35.9% $11,761 ‐1.7%

Open‐end HELOC originated for sale (quarter) $46 12.4% $46 2.1% $19 ‐59.4% $21 13.0%

Closed‐end mortgage originations sold (quarter) $13,864 127.0% $17,366 25.3% $13,687 ‐21.2% $11,408 ‐16.7%

Open‐end HELOC originations sold (quarter) $19 ‐3.7% $14 ‐24.1% $15 2.7% $14 ‐2.7%

Liabilities $795,623 0.3% $788,237 ‐0.9% $800,166 1.5% $795,841 ‐0.5%

Deposi ts $646,082 2.6% $649,926 0.6% $669,999 3.1% $673,409 0.5%

Total other borrowings $126,656 ‐9.7% $116,297 ‐8.2% $108,057 ‐7.1% $103,362 ‐4.3%

FHLB advances $82,253 ‐14.0% $77,954 ‐5.2% $74,209 ‐4.8% $68,184 ‐8.1%

Equity

Equi ty capi tal a t qua rter end $91,691 ‐2.4% $90,381 ‐1.4% $92,228 2.0% $91,168 ‐1.1%

Stock sales and transacti ons wi th pa rent holding company

(cumula tive through calende r yea r) $1,523 NA $3,002 NA $5,881 NA $7,450 NA

Performance Ratios

Tier 1 leverage ra tio

Tier 1 ri sk based capi tal ra ti o

Total ri sk based capi tal ra tio

Return on equi ty1

Return on as sets 1

Net i nteres t ma rgin1

Coverage ra tio {(ALLL+Alloc trans fer ri sk)/Noncurrent loans)}

Los s provi sion to net cha rge‐offs (qtr)

Net cha rge‐offs to average loans and leases 1

1

Quarterly, annualized.

Asset Quality (% of Total Loan Type)

Q1 2009 Q2 2009 Q3 2009 Q4 2009 Q1 2009 Q2 2009 Q3 2009 Q4 2009

Construction & development 11.0% 12.9% 15.0% 16.5% 1.2% 2.2% 2.1% 2.7%

Closed‐end 1‐4 family residential 3.4% 4.0% 4.4% 4.7% 0.2% 0.3% 0.4% 0.4%

Home equity 1.0% 0.9% 0.9% 1.0% 0.3% 0.4% 0.4% 0.5%

Credit card 2.8% 2.7% 2.4% 2.4% 1.7% 2.0% 1.9% 1.8%

Other consumer 0.8% 0.9% 1.0% 1.2% 0.9% 0.6% 0.6% 0.6%

Commercial & Industrial 2.1% 2.6% 2.7% 2.7% 0.6% 0.7% 0.8% 0.8%

Commercial real estate 2.0% 2.4% 3.1% 3.6% 0.1% 0.2% 0.3% 0.4%

Total loans 3.4% 4.0% 4.5% 4.8% 0.5% 0.7% 0.7% 0.8%

149 116 25 0

Source: Call and Thrift Financial Report Data

More than $100

Billion

2.9%

Less than $1

Billion $1 ‐ $10 Billion $10 ‐ $100Billion

1.8% 2.6%

Insured Institutions by Asset Size

2.7%

59.7% 57.8%

143.2% 139.0%

55.6%

10.2% 10.2% 10.5%

‐15.6%

8.4%

‐10.4%

Q1 2009 Q2 2009

Q1 2009 Q2 2009

8.3% 8.4%

Q4 2009

122.3%

12.5%

‐1.1% ‐1.1%

56.0%

‐1.6%

3.4% 3.5% 3.6%

290

12.7%

8.3%

Q3 2009

TARP CPP Funds Disbursed

$19,564

Q4 2009

Q3 2009

Institution Count

Noncurrent Loans Gross Charge‐Offs

129.9%

3.7%

10.8%

Q4 2009

II. Independent Banks and Subsidiaries of Holding Companies Receiving CPP Capital in Q4 2008

(excludes Top 21 BHCs)

12.9%

‐8.5%

‐0.9%

‐10.4%

12.3%

Entities in CPP

190

9 
Selected balance and off‐balance sheet items $ millions %chg from prev $ millions %chg from prev $ millions %chg from prev $ millions %chg from prev

Assets $366,403 4.1% $370,100 1.0% $373,586 0.9% $400,199 7.1%

Loans $264,827 1.1% $265,528 0.3% $259,902 ‐2.1% $286,524 10.2%

Construction & development $33,021 ‐2.1% $31,966 ‐3.2% $30,314 ‐5.2% $27,992 ‐7.7%

Closed‐end 1‐4 family residential $55,728 4.3% $55,731 0.0% $53,651 ‐3.7% $53,172 ‐0.9%

Home equity $11,147 2.7% $11,562 3.7% $11,766 1.8% $11,796 0.3%

Credit card $25,884 ‐5.3% $25,615 ‐1.0% $20,294 ‐20.8% $48,552 139.2%

Other consumer $12,010 3.0% $12,063 0.4% $12,875 6.7% $13,198 2.5%

Commercial & Industrial $39,834 0.1% $39,536 ‐0.7% $39,005 ‐1.3% $38,922 ‐0.2%

Commercial real estate $66,451 2.8% $68,463 3.0% $70,036 2.3% $70,801 1.1%

Unused commi tments $238,140 ‐6.2% $225,191 ‐5.4% $221,747 ‐1.5% $215,047 ‐3.0%

Securi ti za tion outs tanding principal $22,674 ‐3.1% $22,942 1.2% $26,883 17.2% $334 ‐98.8%

Mortgage‐ba cked securi ties (GSE and priva te i s s ue ) $32,551 8.7% $34,155 4.9% $33,397 ‐2.2% $31,693 ‐5.1%

As se t‐ba cked securi ties $1,084 16.9% $1,316 21.4% $4,235 221.9% $532 ‐87.4%

Othe r securi ties $28,957 43.2% $25,213 ‐12.9% $22,390 ‐11.2% $24,031 7.3%

Ca sh & bala nces due $14,790 ‐10.0% $19,611 32.6% $27,671 41.1% $33,616 21.5%

Residential mortgage origina tions

Closed‐end mortgage originated for sale (quarter) $9,891 88.0% $12,943 30.9% $8,674 ‐33.0% $8,856 2.1%

Open‐end HELOC originated for sale (quarter) $0 ‐‐ $0 ‐‐ $0 ‐‐ $0 ‐‐

Closed‐end mortgage originations sold (quarter) $9,302 84.5% $12,467 34.0% $9,247 ‐25.8% $8,612 ‐6.9%

Open‐end HELOC originations sold (quarter) $0 ‐100.0% $0 ‐‐ $0 ‐‐ $0 ‐‐

Liabilities $329,114 2.9% $332,186 0.9% $334,914 0.8% $363,122 8.4%

Deposi ts $274,665 3.4% $281,679 2.6% $286,566 1.7% $294,537 2.8%

Total othe r borrowings $48,326 0.4% $44,227 ‐8.5% $41,844 ‐5.4% $62,398 49.1%

FHLB adva nces $33,031 ‐8.5% $30,859 ‐6.6% $29,537 ‐4.3% $28,251 ‐4.4%

Equity

Equi ty ca pi tal a t qua rte r end $37,061 15.6% $37,685 1.7% $38,386 1.9% $36,791 ‐4.2%

Stock sales and tra nsa ctions wi th pa rent holding company

(cumula tive through calende r yea r) $4,377 NA $5,227 NA $5,716 NA $6,331 NA

Performance Ratios

Tier 1 leve rage ra tio

Tier 1 ri s k based ca pi tal ra tio

Total ri sk based ca pi tal ra tio

Re turn on equi ty1

Re turn on a s se ts 1

Net inte res t ma rgin1

Cove rage ra tio {(ALLL+Alloc tra ns fe r ri s k)/Noncurrent loans )}

Los s provi sion to net cha rge‐offs (qtr)

Net cha rge‐offs to ave rage loans and leases 1

1

Quarterly, annualized.

Asset Quality (% of Total Loan Type)

Q1 2009 Q2 2009 Q3 2009 Q4 2009 Q1 2009 Q2 2009 Q3 2009 Q4 2009

Construction & development 8.6% 11.5% 14.2% 15.5% 0.7% 1.3% 1.8% 2.1%

Closed‐end 1‐4 family residential 3.6% 4.2% 4.9% 5.3% 0.2% 0.2% 0.2% 0.2%

Home equity 1.1% 1.1% 1.2% 1.2% 0.2% 0.2% 0.3% 0.4%

Credit card 3.3% 3.1% 3.2% 3.4% 1.9% 2.3% 2.2% 2.0%

Other consumer 0.9% 0.9% 1.0% 1.1% 0.7% 0.7% 0.7% 0.6%

Commercial & Industrial 2.6% 2.9% 4.0% 3.5% 0.3% 0.8% 0.5% 0.7%

Commercial real estate 2.1% 2.7% 3.5% 3.5% 0.1% 0.3% 0.2% 0.3%

Total loans 3.3% 4.0% 4.8% 4.7% 0.4% 0.7% 0.7% 0.8%

286 71 6 0

Source: Call and Thri ft Financial Report Data

2.6%

121.5%

1.6%

12.9%

‐1.3% ‐4.3% ‐8.0%

‐0.4%

3.7% 3.6%

68.8% 62.1%

‐0.1%

178.1% 127.9%

55.5%

Insured Institutions by Asset Size

12.9% 13.4%

9.4%

Q1 2009 Q2 2009

11.5% 12.0% 11.5%

Q4 2009 Less than $1

Billion $1 ‐ $10 Billion $10 ‐ $100

Billion

More than $100

Billion

Q3 2009

9.4%

‐0.8%

3.6%

9.3%

2.6%

363

Q1 2009 Q2 2009 Q3 2009

TARP CPP Funds Disbursed

$7,933

Q4 2009

Q4 2009

8.7%

11.2%

Entities in CPP Institution Count

317

2.9%

Noncurrent Loans Gross Charge‐Offs

III. Independent Banks and Subsidiaries of Holding Companies Receiving CPP Capital in Q1 2009

(excludes Top 21 BHCs)

12.8%

‐6.4%

‐0.6%

3.8%

68.4%

112.0%

10 
Selected balance and off‐balance sheet items $ millions %chg from prev $ millions %chg from prev $ millions %chg from prev $ millions %chg from prev

Assets $47,501 1.6% $48,270 1.6% $49,367 2.3% $49,373 0.0%

Loa ns $36,208 0.4% $36,296 0.2% $36,292 0.0% $36,191 ‐0.3%

Construction & development $5,769 ‐3.6% $5,364 ‐7.0% $5,064 ‐5.6% $4,719 ‐6.8%

Closed‐end 1‐4 family residential $6,690 3.6% $6,817 1.9% $6,741 ‐1.1% $6,849 1.6%

Home equity $2,034 2.9% $2,049 0.7% $2,129 3.9% $2,124 ‐0.2%

Credit card $14 ‐4.7% $15 5.0% $15 0.8% $14 ‐5.4%

Other consumer $665 ‐7.2% $724 9.0% $727 0.4% $689 ‐5.2%

Commercial & Industrial $5,387 ‐3.0% $5,332 ‐1.0% $5,294 ‐0.7% $5,271 ‐0.4%

Commercial real estate $12,299 2.2% $12,561 2.1% $12,795 1.9% $12,908 0.9%

Unused commi tments $6,058 ‐6.0% $5,548 ‐8.4% $5,459 ‐1.6% $5,132 ‐6.0%

Securi ti za tion outs tandi ng principal $135 ‐2.6% $132 ‐1.8% $121 ‐8.9% $119 ‐1.7%

Mortgage‐backed securi ties (GSE and priva te i s s ue ) $3,145 1.4% $3,157 0.4% $3,301 4.6% $3,213 ‐2.7%

As se t‐backed securi ties $9 109.8% $20 111.0% $5 ‐76.8% $4 ‐1.7%

Othe r securi ties $3,066 0.8% $3,176 3.6% $3,526 11.0% $3,682 4.4%

Ca sh & balances due $1,916 19.4% $2,325 21.4% $2,753 18.4% $2,610 ‐5.2%

Residential mortgage origi na tions

Closed‐end mortgage originated for sale (quarter) $1,440 249.4% $2,289 59.0% $1,274 ‐44.3% $1,555 22.1%

Open‐end HELOC originated for sale (quarter) $0 ‐‐ $2 ‐‐ $1 ‐63.0% $1 68.0%

Closed‐end mortgage originations sold (quarter) $1,313 245.4% $2,136 62.6% $1,439 ‐32.6% $1,435 ‐0.3%

Open‐end HELOC originations sold (quarter) $0 ‐‐ $0 ‐‐ $0 ‐‐ $0 ‐‐

Liabilities $43,198 1.8% $43,343 0.3% $44,305 2.2% $44,404 0.2%

Depos i ts $38,364 3.4% $38,517 0.4% $39,602 2.8% $39,678 0.2%

Total other borrowi ngs $4,494 ‐9.2% $4,457 ‐0.8% $4,378 ‐1.8% $4,393 0.3%

FHLB a dva nces $4,509 ‐7.7% $4,477 ‐0.7% $4,351 ‐2.8% $4,459 2.5%

Equity

Equi ty capi tal a t qua rter end $4,302 ‐0.2% $4,928 14.5% $5,062 2.7% $4,969 ‐1.8%

Stock sales and tra nsactions wi th pa rent holding company

(cumula tive through calende r yea r) $15 NA $497 NA $546 NA $615 NA

Performance Ratios

Tier 1 leverage ra tio

Tier 1 ri sk based capi tal ra tio

Total ris k based ca pi tal ra tio

Re turn on equi ty1

Re turn on a s sets 1

Net inte res t ma rgin1

Coverage ra tio {(ALLL+Alloc trans fer ri sk)/Noncurrent loans )}

Los s provi sion to net cha rge‐offs (qtr)

Net cha rge‐offs to average loans and leases 1

1

Quarterly, annualized.

Asset Quality (% of Total Loan Type)

Q1 2009 Q2 2009 Q3 2009 Q4 2009 Q1 2009 Q2 2009 Q3 2009 Q4 2009

Construction & development 7.4% 7.8% 9.0% 10.6% 0.6% 0.6% 0.8% 1.5%

Closed‐end 1‐4 family residential 2.5% 3.3% 3.5% 3.7% 0.1% 0.2% 0.2% 0.3%

Home equity 0.7% 0.8% 1.1% 1.1% 0.1% 0.1% 0.1% 0.3%

Credit card 1.3% 1.4% 0.9% 0.9% 0.7% 0.8% 1.1% 0.7%

Other consumer 1.1% 1.0% 1.0% 1.2% 0.4% 0.4% 0.6% 0.6%

Commercial & Industrial 2.5% 2.4% 2.7% 2.8% 0.2% 0.6% 0.4% 0.7%

Commercial real estate 2.4% 2.8% 3.4% 3.2% 0.1% 0.2% 0.2% 0.3%

Total loans 3.0% 3.3% 3.8% 3.9% 0.2% 0.3% 0.3% 0.5%

141 6 0 0

Source: Call and Thri ft Financial Report Data

2.0%

13.2%

‐7.8%

‐0.8%

Q4 2009 Less than $1

Billion $1 ‐ $10 Billion $10 ‐ $100Billion

More than $100

Billion

3.9%

48.0%

113.6%

TARP CPP Funds Disbursed

$4,437

Q4 2009

Q4 2009

9.3%

11.9%

Q2 2009 Q3 2009

Q3 2009

8.6%

0.8% 1.1% 1.3%

10.7% 11.8% 12.0%

Entities in CPP Institution Count

116 147

IV. Independent Banks and Subsidiaries of Holding Companies Receiving CPP Capital in Q2 2009

(excludes Top 21 BHCs)

9.5% 9.4%

Q1 2009 Q2 2009

Q1 2009

11.9% 13.1% 13.3%

‐0.4% ‐2.3% 2.1%

0.0% ‐0.2% 0.2%

3.5% 3.6% 3.7%

Insured Institutions by Asset Size

48.2% 47.3% 48.1%

119.3% 159.8% 176.0%

Noncurrent Loans Gross Charge‐Offs

11 
Selected balance and off‐balance sheet items $ millions %chg from prev $ millions %chg from prev $ millions %chg from prev $ milli ons %chg from prev

Assets $20,431 3.8% $20,224 ‐1.0% $20,757 2.6% $21,007 1.2%

Loa ns $14,627 0.1% $14,754 0.9% $14,645 ‐0.7% $14,498 ‐1.0%

Construction & development $2,485 ‐1.9% $2,383 ‐4.1% $2,218 ‐6.9% $2,019 ‐9.0%

Closed‐end 1‐4 family residential $2,599 3.1% $2,659 2.3% $2,638 ‐0.8% $2,664 1.0%

Home equity $1,310 2.3% $1,309 ‐0.1% $1,300 ‐0.6% $1,289 ‐0.9%

Credit card $15 ‐7.1% $20 37.7% $20 ‐2.6% $19 ‐4.8%

Other consumer $585 ‐2.4% $589 0.7% $578 ‐1.7% $554 ‐4.1%

Commercial & Industrial $1,998 ‐5.1% $2,009 0.6% $1,966 ‐2.2% $1,953 ‐0.7%

Commercial real estate $4,223 0.8% $4,361 3.3% $4,478 2.7% $4,530 1.2%

Unused commi tments $2,861 ‐4.7% $2,663 ‐6.9% $2,613 ‐1.9% $2,465 ‐5.7%

Securi ti za ti on outs ta ndi ng princi pal $0 ‐‐ $2 ‐‐ $2 0.5% $0 ‐81.1%

Mortgage‐backed securi ties (GSE and priva te i s s ue ) $2,161 8.9% $2,121 ‐1.8% $2,239 5.5% $2,392 6.9%

Asset‐backed securi ties $0 ‐17.5% $0 ‐95.0% $0 0.0% $0 ‐50.0%

Othe r securi ties $1,334 21.5% $1,285 ‐3.6% $1,333 3.7% $1,441 8.1%

Cas h & bala nces due $1,089 13.5% $895 ‐17.8% $1,313 46.7% $1,393 6.1%

Residential mortgage origina ti ons

Closed‐end mortgage originated for sale (quarter) $279 102.7% $353 26.7% $206 ‐41.6% $196 ‐5.2%

Open‐end HELOC originated for sale (quarter) $0 ‐‐ $0 ‐‐ $0 ‐‐ $0 ‐‐

Closed‐end mortgage originations sold (quarter) $258 97.9% $319 23.8% $258 ‐19.1% $185 ‐28.2%

Open‐end HELOC originations sold (quarter) $0 ‐‐ $0 ‐‐ $0 ‐‐ $0 ‐‐

Liabilities $18,612 4.1% $18,404 ‐1.1% $18,696 1.6% $19,026 1.8%

Deposi ts $16,412 4.6% $16,456 0.3% $16,811 2.2% $17,223 2.4%

Total other borrowings $2,060 0.9% $1,802 ‐12.5% $1,734 ‐3.8% $1,664 ‐4.1%

FHLB adva nces $1,556 ‐3.5% $1,606 3.2% $1,560 ‐2.9% $1,617 3.7%

Equity

Equi ty capi tal a t qua rter end $1,819 1.3% $1,820 0.1% $2,061 13.3% $1,981 ‐3.9%

Stock sales and transa ctions wi th pa rent holding compa ny

(cumula tive through calende r yea r) $11 NA $20 NA $256 NA $271 NA

Performance Ratios

Tier 1 leverage ra tio

Tier 1 ri sk based capi tal ra tio

Total ri sk based capi tal ra tio

Return on equity

1

Return on a ssets 1

Net i nte res t ma rgi n1

Coverage ra tio {(ALLL+All oc trans fer ri sk)/Noncurrent loans )}

Los s provi si on to net cha rge‐offs (qtr)

Net cha rge‐offs to ave rage loans and leases 1

1

Quarterly, annualized.

Asset Quality (% of Total Loan Type)

Q1 2009 Q2 2009 Q3 2009 Q4 2009 Q1 2009 Q2 2009 Q3 2009 Q4 2009

Construction & development 8.1% 8.7% 9.8% 13.3% 0.3% 0.6% 1.1% 2.3%

Closed‐end 1‐4 family residential 1.6% 2.2% 2.7% 3.2% 0.1% 0.1% 0.2% 0.5%

Home equity 0.8% 1.0% 1.1% 1.3% 0.2% 0.2% 0.4% 0.4%

Credit card 0.3% 0.3% 0.6% 0.5% 1.3% 0.5% 0.6% 0.6%

Other consumer 0.7% 0.7% 1.1% 0.9% 0.4% 0.5% 0.5% 0.5%

Commercial & Industrial 1.5% 1.9% 1.5% 1.5% 0.1% 0.2% 0.5% 0.5%

Commercial real estate 1.5% 1.8% 2.3% 3.4% 0.0% 0.1% 0.1% 0.5%

Total loans 2.6% 2.9% 3.2% 4.0% 0.2% 0.2% 0.4% 0.8%

42 4 0 0

Source: Call and Thrift Financial Report Data

Q4 2009 Less than $1

Billion $1 ‐ $10 Billion $10 ‐ $100

Billion

More than $100

Billion

Insured Institutions by Asset Size

0.5% 0.8% 1.5% 3.0%

Noncurrent Loans Gross Charge‐Offs

56.7% 52.9% 55.3% 53.4%

129.6% 128.8% 152.6% 149.9%

0.3% 0.1% ‐0.5% ‐1.5%

3.3% 3.5% 3.7% 3.7%

11.5% 11.5% 12.9% 12.5%

3.7% 1.3% ‐4.8% ‐15.0%

8.2% 8.2% 9.2% 8.6%

10.3% 10.3% 11.6% 11.2%

Q1 2009 Q2 2009 Q3 2009 Q4 2009

Q1 2009 Q2 2009 Q3 2009 Q4 2009

V. Independent Banks and Subsidiaries of Holding Companies Receiving CPP Capital in Q3 2009

(excludes Top 21 BHCs)

Entities in CPP Institution Count TARP CPP Funds Disbursed

36 46 $1,411

12 
Selected balance and off‐balance sheet items $ millions %chg from prev $ milli ons %chg from prev $ milli ons %chg from prev $ millions %chg from prev

Assets $6,812 2.0% $6,951 2.0% $7,054 1.5% $7,292 3.4%

Loans $4,966 0.3% $5,040 1.5% $5,123 1.6% $5,159 0.7%

Construction & development $698 0.2% $679 ‐2.6% $616 ‐9.3% $574 ‐6.8%

Closed‐end 1‐4 family residential $1,076 0.3% $1,081 0.5% $1,095 1.3% $1,074 ‐1.9%

Home equity $179 5.8% $183 2.3% $186 1.5% $198 6.4%

Credit card $2 ‐50.9% $1 ‐25.0% $1 ‐4.0% $1 ‐1.0%

Other consumer $128 ‐8.2% $129 0.1% $129 0.2% $129 ‐0.2%

Commercial & Industrial $851 ‐0.2% $866 1.8% $900 3.9% $909 1.0%

Commercial real estate $1,667 ‐0.2% $1,714 2.8% $1,792 4.5% $1,871 4.4%

Unused commi tments $940 ‐1.6% $929 ‐1.2% $869 ‐6.5% $856 ‐1.4%

Securi ti za ti on outs tandi ng pri ncipal $3 62500.0% $3 ‐0.2% $0 ‐100.0% $0 ‐‐

Mortgage‐ba cked securi ties (GSE and priva te is s ue ) $422 ‐2.2% $419 ‐0.7% $422 0.9% $414 ‐1.9%

Asset‐backed securi ties $1 ‐3.3% $1 ‐5.1% $1 ‐3.4% $1 ‐3.4%

Othe r securi ties $568 ‐5.8% $652 14.8% $647 ‐0.8% $662 2.3%

Cas h & balances due $339 38.6% $385 13.7% $458 18.9% $625 36.4%

Residential mortgage origi na ti ons

Closed‐end mortgage originated for sale (quarter) $70 250.5% $53 ‐23.7% $30 ‐43.5% $28 ‐5.2%

Open‐end HELOC originated for sale (quarter) $0 ‐‐ $0 ‐‐ $0 ‐‐ $0 ‐‐

Closed‐end mortgage originations sold (quarter) $65 208.6% $55 ‐15.5% $31 ‐43.1% $28 ‐11.1%

Open‐end HELOC originations sold (quarter) $0 ‐‐ $0 ‐‐ $0 ‐‐ $0 ‐‐

Liabilities $6,106 2.2% $6,220 1.9% $6,341 1.9% $6,500 2.5%

Deposi ts $5,496 3.4% $5,618 2.2% $5,789 3.0% $5,937 2.6%

Total other borrowi ngs $571 ‐7.2% $558 ‐2.3% $505 ‐9.5% $521 3.2%

FHLB adva nces $595 ‐16.5% $529 ‐11.0% $479 ‐9.6% $503 5.1%

Equity

Equi ty capi tal a t qua rter end $706 0.0% $731 3.4% $713 ‐2.4% $793 11.1%

Stock sales and tra nsa ctions wi th pa rent holding compa ny

(cumula tive through calender yea r) $11 NA $44 NA $47 NA $145 NA

Performance Ratios

Tier 1 leverage ra tio

Tier 1 ri sk based capi tal ra tio

Total risk based ca pi tal ra ti o

Return on equi ty1

Return on a s sets 1

Net i nte res t ma rgin1

Coverage ra ti o {(ALLL+All oc trans fe r risk)/Noncurrent loans)}

Los s provi sion to net cha rge‐offs (qtr)

Net cha rge‐offs to average loans and leases 1

1

Quarterly, annualized.

Asset Quality (% of Total Loan Type)

Q1 2009 Q2 2009 Q3 2009 Q4 2009 Q1 2009 Q2 2009 Q3 2009 Q4 2009

Construction & development 9.4% 12.0% 10.4% 8.9% 0.1% 0.6% 0.6% 1.2%

Closed‐end 1‐4 family residential 2.3% 2.1% 2.0% 2.3% 0.0% 0.2% 0.3% 0.2%

Home equity 0.6% 1.5% 0.9% 0.9% 0.1% 0.0% 0.1% 0.2%

Credit card 2.1% 3.3% 3.9% 2.0% 1.2% 1.0% 0.6% 5.0%

Other consumer 1.1% 1.2% 1.1% 1.0% 0.2% 0.2% 0.4% 0.5%

Commercial & Industrial 2.2% 2.5% 2.6% 2.1% 0.2% 0.2% 0.5% 0.6%

Commercial real estate 1.8% 1.4% 2.0% 2.3% 0.0% 0.1% 0.2% 0.2%

Total loans 3.1% 3.3% 3.2% 2.9% 0.1% 0.2% 0.3% 0.4%

34 0 0 0

Source: Call and Thri ft Financial Report Data

VI. Independent Banks and Subsidiaries of Holding Companies Receiving CPP Capital in Q4 2009

(excludes Top 21 BHCs)

Entities in CPP Institution Count TARP CPP Funds Disbursed

22 34 $162

Q1 2009 Q2 2009 Q3 2009 Q4 2009

Q1 2009 Q2 2009 Q3 2009 Q4 2009

9.4% 9.5% 9.2% 10.2%

11.7% 11.9% 11.9% 13.3%

13.0% 13.2% 13.2% 14.5%

‐2.4% ‐3.8% ‐17.0% ‐6.1%

‐0.2% ‐0.4% ‐1.8% ‐0.6%

3.4% 3.4% 3.6% 3.8%

59.9% 55.8% 57.5% 56.4%

327.8% 117.1% 110.4% 109.5%

More than $100

Billion

0.3% 0.7% 1.3% 1.4%

Insured Institutions by Asset Size

Noncurrent Loans Gross Charge‐Offs

Q4 2009 Less than $1

Billion $1 ‐ $10 Billion $10 ‐ $100 Billion

13 
Selected balance and off‐balance sheet items $ millions %chg from prev $ millions %chg from prev $ millions %chg from prev $ millions %chg from prev

Assets $3,794,674 0.4% $3,748,215 ‐1.2% $3,745,267 ‐0.1% $3,745,757 0.0%

Loa ns $2,426,334 ‐0.8% $2,393,162 ‐1.4% $2,340,683 ‐2.2% $2,298,330 ‐1.8%

Construction & development $242,832 ‐4.9% $228,279 ‐6.0% $202,484 ‐11.3% $180,163 ‐11.0%

Closed‐end 1‐4 family residential $715,668 ‐0.7% $701,725 ‐1.9% $680,771 ‐3.0% $672,750 ‐1.2%

Home equity $136,037 0.6% $137,314 0.9% $137,554 0.2% $136,094 ‐1.1%

Credit card $82,360 8.8% $80,039 ‐2.8% $84,629 5.7% $87,178 3.0%

Other consumer $166,698 0.1% $163,437 ‐2.0% $164,008 0.3% $162,261 ‐1.1%

Commercial & Industrial $332,999 ‐3.4% $325,888 ‐2.1% $314,717 ‐3.4% $310,193 ‐1.4%

Commercial real estate $496,530 0.9% $500,289 0.8% $497,225 ‐0.6% $495,141 ‐0.4%

Unused commi tments $1,253,674 ‐4.2% $1,176,289 ‐6.2% $1,149,262 ‐2.3% $1,134,616 ‐1.3%

Securi ti za ti on outs ta ndi ng pri nci pal $29,488 ‐1.1% $28,979 ‐1.7% $25,858 ‐10.8% $26,419 2.2%

Mortgage‐backed securi ties (GSE and priva te i s s ue ) $411,648 ‐3.6% $407,839 ‐0.9% $409,646 0.4% $409,026 ‐0.2%

Asset‐ba cked securi ties $16,399 4.2% $18,304 11.6% $19,250 5.2% $21,882 13.7%

Othe r securi ties $253,092 5.0% $268,811 6.2% $278,884 3.7% $307,105 10.1%

Cas h & balances due $232,322 ‐2.6% $233,570 0.5% $263,365 12.8% $286,574 8.8%

Resi dential mortgage origi na tions

Closed‐end mortgage originated for sale (quarter) $77,180 93.6% $92,340 19.6% $50,103 ‐45.7% $53,257 6.3%

Open‐end HELOC originated for sale (quarter) $43 ‐50.3% $54 26.1% $27 ‐50.2% $126 365.8%

Closed‐end mortgage originations sold (quarter) $70,164 71.2% $91,717 30.7% $57,032 ‐37.8% $54,529 ‐4.4%

Open‐end HELOC originations sold (quarter) $327 4033.4% $48 ‐85.2% $4 ‐92.0% $626 16108.2%

Liabilities $3,395,024 ‐0.1% $3,339,965 ‐1.6% $3,322,670 ‐0.5% $3,323,929 0.0%

Deposi ts $2,791,260 1.8% $2,793,846 0.1% $2,792,895 0.0% $2,826,705 1.2%

Total othe r borrowi ngs $518,993 ‐7.4% $466,845 ‐10.0% $451,128 ‐3.4% $423,632 ‐6.1%

FHLB a dva nces $264,823 ‐9.3% $260,679 ‐1.6% $239,730 ‐8.0% $227,414 ‐5.1%

Equity

Equi ty ca pi tal a t qua rte r end $397,154 4.2% $405,801 2.2% $418,795 3.2% $418,096 ‐0.2%

Stock sales and tra nsa ctions wi th pa rent holding compa ny

(cumula tive through calende r yea r) $7,015 NA $14,005 NA $21,031 NA $28,732 NA

Performance Ratios

Tier 1 leve rage ra tio

Tier 1 ri sk based ca pi tal ra tio

Total risk based ca pi tal ra tio

Return on equi ty1

Return on as se ts 1

Net i nte res t ma rgin1

Cove rage ra tio {(ALLL+Alloc tra ns fe r ri sk)/Noncurrent loans )}

Los s provi sion to net cha rge‐offs (qtr)

Net cha rge‐offs to average loans and leases 1

1

Quarterly, annualized.

Asset Quality (% of Total Loan Type)

Q1 2009 Q2 2009 Q3 2009 Q4 2009 Q1 2009 Q2 2009 Q3 2009 Q4 2009

Construction & development 11.8% 14.0% 14.2% 14.8% 0.7% 1.4% 1.3% 1.9%

Closed‐end 1‐4 family residential 3.1% 3.7% 4.0% 4.0% 0.2% 0.3% 0.3% 0.5%

Home equity 1.1% 1.1% 1.1% 1.2% 0.4% 0.5% 0.5% 0.5%

Credit card 2.7% 2.8% 2.7% 2.7% 1.7% 2.2% 2.3% 2.2%

Other consumer 0.5% 0.5% 0.6% 0.6% 0.6% 0.5% 0.5% 0.5%

Commercial & Industrial 1.8% 2.1% 2.5% 2.5% 0.3% 0.5% 0.5% 0.6%

Commercial real estate 2.3% 2.7% 3.0% 3.3% 0.1% 0.1% 0.2% 0.3%

Total loans 3.2% 3.7% 3.8% 3.8% 0.3% 0.5% 0.5% 0.6%

6,680 354 39 3

Source: Call and Thri ft Financial Report Data

1.8%

VII. Insured Institutions Not in Groups Receiving CPP Capital

15.3%

‐3.1%

‐0.3%

3.4%

53.2%

Q1 2009

7,076

Q4 2009

9.4% 9.4%

Q1 2009

12.6% 13.3%

114.7%

Q3 2009

9.0% 9.1%

12.4%

51.8%

Q2 2009

3.3%

Q2 2009

3.3%

13.7%

Q3 2009

More than $100

Billion Less than $1 Billion

14.8%

$10 ‐ $100

Billion

2.4%

Q4 2009

3.4%

0.1%

Noncurrent Loans Gross Charge‐Offs

13.9% 14.2%

‐2.5% ‐2.7% 0.5%

‐0.3%

127.9%

Institution Count

Q4 2009

128.2%

1.3% 1.8%

Insured Institutions by Asset Size

56.7%

‐0.3%

51.9%

$1 ‐ $10 Billion

155.4%

14 
15 

                                                           

Appendix A: Notes to Call and Thrift Financial Report Data Users 

The Treasury Department invested $205 billion in banking organizations participating in the 

Troubled Asset Relief Program’s Capital Purchase Program between October 28, 2008, and 

December 31, 2009. These investments went to 702 independent banks and bank and thrift 

holding companies. Treasury and the bank regulatory agencies use quarterly Call Report and 

Thrift Financial Report data to analyze changes in balance sheets, loan provisioning, and 

intermediation activities. The summary tables above present aggregated Call and Thrift 

Financial Report data for the FDIC-insured institutions in banking organizations that received 

TARP capital under the CPP. 

Templates summarizing selected balance sheet items and performance and condition ratios were 

developed after consultation with members of an interagency working group. Quarterly changes 

in loan balances, commitments, securities, and residential real estate loan originations for sale 

address banks’ credit intermediation activities.10 Changes in total equity capital at quarter-end, 

as well as changes in stock sales and transactions with parent holding companies during the 

quarter are summed for each group (banks were instructed to report CPP capital infusions in 

these items). Weighted average performance ratios were calculated for each group, as were 

weighted average noncurrent rates and gross charge-off rates (not net of recoveries) for major 

loan types. These summary tables allow comparison of growth, asset quality, performance, and 

condition between groups based on size, whether or not they received CPP capital, and timing of 

receipt of CPP capital. 

Data were collected for five quarters, Q4 2008 through Q4 2009, and percent changes from the 

previous quarter were calculated for Q1 2009, Q2 2009, Q3 2009, and Q4 2009. Data items 

were “merger-adjusted” to include institutions that had been acquired during the period from 

January 1, 2009, to December 31, 2009. 

10 Call Report filers with assets over $1 billion or more than $10 million in mortgage origination for two consecutive 

quarters report residential loans originated for sale. 
Entities in 

CPP

Insured 

Institutions

Less than $1 

Billion

$1 - $10 

Billion

$10 - $100 

Billion

More than 

$100 Billion

I. Subsidiaries of Largest BHCs 

Receiving CPP Funds

21 56 8 14 19 15

II. Independent Banks and 

Subsidiaries of Smaller Holding 

Companies Receiving CPP Funds in 

4Q 2008

190 290 149 116 25 0

III. Independent Banks and 

Subsidiaries of Holding Companies 

Receiving CPP Funds in 1Q 2009

317 363 286 71 6 0

IV. Independent Banks and 

Subsidiaries of Holding Companies 

Receiving CPP Funds in 2Q 2009

116 147 141 6 0 0

V. Independent Banks and 

Subsidiaries of Holding Companies 

Receiving CPP Funds in 3Q 2009

36 46 42 4 0 0

VI. Independent Banks and 

Subsidiaries of Holding Companies 

Receiving CPP Funds in 4Q 2009

22 34 34 0 0 0

VII. Insured Institutions Not in 

Groups Receiving CPP Funds

7,076 6,680 354 39 3

Total 702 8,012 7,340 565 89 18

Insured Institutions by Asset Size Category (as of Q4 2009)

Source: Treasury Analysis of Call and Thrift Financial Report Data

16 
17 

                                                           

Section B: Consolidated Financial Statements for Bank Holding Companies (FR Y-9C 

Data) Analysis 

Many of Treasury’s investments through CPP have been made in bank holding companies, 

which own subsidiary depository institutions and may also own other permitted types of 

subsidiaries.11 Many institutions in CPP indicated their intention to “downstream” funds to their 

subsidiary depository institutions, which are the primary vehicles for financial intermediation 

and traditional lending activity. The activity of these depository subsidiaries is thus included in 

Call and Thrift Financial Report data, which are filed by individual depository institutions. 

The Y-9C Report captures consolidated financial information from bank holding companies. 

That is, the Y-9C Report captures not only the financial information of the subsidiary depository 

institution(s) owned by a bank holding company, but also the financial information of any other 

subsidiary owned by that bank holding company. Examples of other subsidiaries that may be 

owned by bank holding companies include broker dealers, insurance companies, finance 

companies, and asset management firms. This type of information is not captured in Call and 

Thrift Financial Report data. As a result, Y-9C data typically present a fuller picture of bankingrelated activity for the banking organizations required to file them than Call and Thrift Financial 

Report data. 

In order to examine the possible effects of CPP and other stabilization initiatives on a range of 

financial institutions, the interagency group chose to present Y-9C data in addition to Call and 

Thrift Financial Report data. However, the aggregated Y-9C data can be somewhat more 

volatile, particularly in this period of financial crisis, for multiple reasons. In some cases, those 

bank holding companies with large non-depository subsidiaries were subject to greater or 

different market pressures. In addition, the population of reporting holding companies shifted 

significantly during this period as a noteworthy set of large financial firms chose to convert to 

bank holding company status between fourth quarter 2008 and first quarter 2009. Those 

institutions filed their first Y-9C reports in first quarter 2009, which resulted in large increases in 

line items from fourth quarter 2008 to first quarter 2009. The increases are most pronounced in 

Group I (the Top 21 CPP Participants). Four of the 21 institutions in Group I converted to bank 

holding companies in the fourth quarter of 2008.12 Similarly, two large financial firms in Group 

III (U.S. Top Tier Bank Holding Companies receiving TARP Funds in Q1 2009) converted to 

bank holding companies in the fourth quarter of 2008. Finally, two of the institutions in Group I 

11 Investments were made at the bank holding company level for all depository institutions owned by a bank holding 

company. Similarly, investments were made at the thrift holding company level for all depository institutions 

owned by a thrift holding company. Thrift holding companies are not required to file detailed consolidated financial 

reports. 

12 The Hartford, part of Treasury's Monthly Intermediation Snapshot "Top 22" reporting group, is a thrift holding 

company and does not file a Y-9C Report. 
acquired large bank holding companies in Q4 2008. A merger adjustment has been made for 

those two institutions, but otherwise the data are not merger adjusted.13

Because the content of the Y-9C report closely follows that of the Call Report and Thrift 

Financial Report, the same line items that appear in the Call and Thrift Financial Report tables 

appear in the Y-9C data tables. For more detailed information on the data tables, see Appendix 

B: Note to Y-9C Data Users. 

The data tables are split into seven groups that mirror the seven reporting groups presented in the 

Call and Thrift Financial Report tables. The groups, which consist solely of top tier bank 

holding companies, are: 

Group Description Number of Institutions 

in Q4 2009

Group I The 21 Largest CPP Participants (as of December 31, 2009) 20

Group II CPP Participants that were funded in Q4 2008 124

Group III CPP Participants that were funded in Q1 2009 132

Group IV CPP Participants that were funded in Q2 2009 28

Group V CPP Participants that were funded in Q3 2009 5

Group VI CPP Participants that were funded in Q4 2009 5

Group VII Non-CPP Participants (as of December 31, 2009) 698

While percentage changes from Q4 2008 to Q1 2009 are presented for balance sheet items, these 

numbers should be used with caution for reasons discussed above. 

                                                           

13 The financial information for Wachovia Corporation (acquired by Wells Fargo & Company) and National City 

Corporation (acquired by PNC Financial Services Group) is included in the Q3 2008 figures for Group I. 

18 
19 

Summary of Findings 

Note: All changes refer to the change between third quarter 2009 and fourth quarter 2009, 

unless otherwise noted. 

Selected Balance and Off-Balance Sheet Items

Overall Asset Growth 

Asset growth was positive in groups III and VI. Group VI had the largest increase in total assets 

(17.6%). Group I saw the largest decline in assets (-1.2%). 

 

Loan Growth14

All groups, except Groups III and VI, experienced negative growth in total loans. Group I 

experienced the largest decline in total loan balances (-2.7%) and Group VI experienced the 

largest increase (14.7%). 

Changes in outstanding loan balances by specific loan category varied both by loan category and 

group. No loan category had increases or decreases across all groups, C&D loans and C&I loans 

only had increases in Group VI, and credit card only had a decrease in Group I. All other loan 

categories experienced mixed growth by group. 

Group I experienced negative growth across all loan categories except closed end 1-4 family 

residential. The largest decreases were in C&I loans and C&D loans. Groups V and VII 

experienced negative loan growth across all categories except credit cards. 

Closed-end Mortgage and Open-end HELOC Originations15

Closed-end mortgage originations (mortgages originated for sale and originations sold) were 

mixed in all groups. The largest decreases were in Group V (-11.3% in mortgages originated for 

sale, -16.2% in originations sold). The largest increases were in Group IV (24.6% in mortgages 

originated for sale, 7.3% in originations sold). 

All of the four groups (Groups I, II, IV and VII) that reported open-end HELOC originations in 

Q4 2009 experienced increases in HELOCs originated for sale except Group I which had a 

decrease. In HELOC originations sold Group VII had an increase and Groups I and II had 

decreases. 

Securities on Balance Sheet 

Asset-backed securities (ABS) increased in Groups I, II, and VII. The largest increase in ABS 

was in Group II, which saw a 21.5% increase. The largest decrease was Group III with -87.8%.

                                                           

14 All loan growth figures refer to the change in outstanding loan balances. 

15 Only Y-9C filers with assets over $1 billion or more than $10 million in mortgage origination for two consecutive 

quarters are required to report residential loans originated for sale (see Appendix B: Notes Y-9C Data Users). 
20 

Other Asset Growth 

Unused commitments decreased in all groups. Group IV had the largest percentage decrease 

(-6.0%), while Group V had the smallest percentage decrease (-0.5%). Securitization 

outstanding principal decreased across all groups expect Group VI (0.0%) and VII (2.9%). 

Growth in cash & balances due was mixed with the largest increase in Group VI (51.5%) and the 

smallest increase in Group I (-7.7%). 

Liabilities 

Total liabilities increased in all groups except groups III and VI. Group VI had the largest 

increase in total liabilities (16.2%) and Group I had the smallest increase in total liabilities 

(-1.1%). Deposits grew in all groups except Group IV, where deposits decreased 0.3%. Group 

VI saw the largest growth in total deposits (16.5%). Total other borrowings decreased in groups 

I, II, V, and VII with Group V experiencing the largest decrease (-13.9%) and Group III with the 

largest increase (109.4%). 

Equity 

As expected, growth in equity capital was strong in Q4 2009 for Group VI (28.3%) as those 

institutions received capital infusions via CPP in Q4 2009. All other groups had small negative 

growth in equity capital. 

Performance Ratios16

Capital Ratios 

All capital ratios increased only in Groups VI and VII. The largest increases were in Group VI, 

which received CPP capital in Q4. In Groups I, III, IV, and V all capital ratios decreased. In 

Group II, the tier 1 risk-based capital ratio and the total risk-based capital ratio increased and the 

tier one leverage ratio decreased. 

In Q4 2009, Group VI had the highest tier 1 leverage ratio (10.0%), and tier 1 risk-based capital 

ratio (12.9%) and Group I had the highest total risk based capital ratio (15.0%). Group VII had 

the lowest capital ratios in Q4 2009. 

Earnings Ratios 

Return on equity and return on assets declined in all groups except Group I in Q4 2009. Net 

interest margins were positive for all groups in Q4 2009. 

Loss Coverage Ratios 

Coverage ratios (allowance for loan and lease losses to noncurrent loans) decreased in all groups 

except Groups II, III, and IV. The largest decrease was in Group VI. In Q4 2009, Group III had 

the highest coverage ratio (72.1%). 

                                                           

16 Performance ratios reflect weighted averages for each group (see Appendix B: Notes to Y-9C Data Users). 
21 

The ratio of loss provisions to net charge-offs (for the quarter) decreased in all groups except 

Group V. The largest decrease was in Group VI. In Q4 2009, Group IV had the highest ratio of 

loss provisions to net charge-offs (136.1%). 

Net charge-offs to average loans and leases increased in all groups with the largest increase in 

Group VII. In Q4 2009, Group I had the highest ratio of net charge-offs to average loans and 

leases (4.2 %) while Group VI had the lowest ratio of net charge-offs to average loans and leases 

(0.9 %). 

Asset Quality: Noncurrent Loans 

Total noncurrent loans as a percentage of total loans increased across all groups except VII. The 

largest increase in the ratio of total noncurrent loans to total loans was in Group VI. In Q4 2009, 

Group I had the highest ratio of total noncurrent loans to total loans (6.4%). 

Asset Quality: Gross Charge-offs 

Total charge-offs as a percentage of outstanding balances increased in all groups except Group I 

(which experienced a decrease) and Group II (which experienced no change). In Q4 2009, 

Group I, III, and VII all had the highest ratio of total charge-offs to total loans (0.9%), while 

Group VI had the lowest ratio of total charge-offs to total loans in Q4 2009 (0.5%).
Selected Balance Sheet and Off Balance Sheet items $ millions %chg from prev $ millions %chg from prev $ millions %chg from prev $ milli ons %chg from prev

Number of Insti tutions Reporting

Assets $11,225,532 17.1% $11,128,030 ‐0.9% $11,214,310 0.8% $11,080,182 ‐1.2%

Loa ns $4,615,432 1.5% $4,515,984 ‐2.2% $4,366,989 ‐3.3% $4,249,794 ‐2.7%

Construction & development $188,233 ‐3.9% $179,946 ‐4.4% $170,582 ‐5.2% $162,141 ‐4.9%

Closed‐end 1‐4 family residential $1,196,790 2.3% $1,175,381 ‐1.8% $1,116,582 ‐5.0% $1,118,357 0.2%

Home Equity $475,274 2.9% $472,985 ‐0.5% $465,277 ‐1.6% $463,920 ‐0.3%

Credit Card $311,810 ‐9.6% $308,823 ‐1.0% $302,380 ‐2.1% $300,164 ‐0.7%

Other Consumer $498,292 4.1% $486,545 ‐2.4% $499,536 2.7% $477,959 ‐4.3%

Commercial & Industrial $947,774 ‐3.3% $899,134 ‐5.1% $827,839 ‐7.9% $764,985 ‐7.6%

Commercial Real Estate $334,734 3.4% $331,834 ‐0.9% $331,720 0.0% $331,371 ‐0.1%

Unused commi tments $4,959,733 ‐5.4% $4,826,991 ‐2.7% $4,665,864 ‐3.3% $4,515,743 ‐3.2%

Securi ti za tion outs ta ndi ng principal $2,554,020 ‐6.4% $2,484,736 ‐2.7% $2,439,171 ‐1.8% $2,420,120 ‐0.8%

Mortgage‐backed securi ties (GSE and priva te i s s ue ) $804,898 6.7% $859,211 6.7% $832,108 ‐3.2% $872,090 4.8%

As se t‐ba cked securi ties $143,552 3.4% $152,057 5.9% $141,586 ‐6.9% $143,529 1.4%

Other securi ties $453,800 28.9% $499,793 10.1% $552,282 10.5% $602,992 9.2%

Ca s h & bala nces due $881,624 10.7% $763,465 ‐13.4% $805,281 5.5% $794,637 ‐1.3%

Residential mortgage origina tions

Closed‐end mortgage originated for sale (quarter) $279,707 74.8% $357,212 27.7% $273,596 ‐23.4% $247,615 ‐9.5%

Open‐end HELOC originated for sale (quarter) $2,933 9.7% $3,429 16.9% $3,094 ‐9.8% $2,467 ‐20.3%

Closed‐end mortgage originations sold (quarter) $341,030 60.1% $446,905 31.0% $388,518 ‐13.1% $334,628 ‐13.9%

Open‐end HELOC originations sold (quarter) $3,252 56.6% $2,822 ‐13.2% $5,165 83.1% $3,131 ‐39.4%

Liabilities $10,200,463 16.6% $10,084,892 ‐1.1% $10,154,558 0.7% $10,042,924 ‐1.1%

Deposi ts $4,836,840 ‐1.1% $4,890,147 1.1% $4,924,949 0.7% $5,065,398 2.9%

Other borrowed money $2,343,688 28.8% $2,182,492 ‐6.9% $2,075,525 ‐4.9% $1,967,704 ‐5.2%

Equity

Total equi ty capi tal a t qua rte r end $1,008,262 21.5% $1,022,590 1.4% $1,037,402 1.4% $1,020,034 ‐1.7%

Stock sales and rela ted tra nsactions (cumula tive through

calende r yea r) $44,038 NA $165,395 NA $179,538 NA $305,470 NA

Performance Ratios

Tier 1 leverage ra ti o

Tier 1 ri sk based ca pi tal ra ti o

Total ri sk based capi tal ra tio

Re turn on equi ty1

Re turn on as se ts 1

Net interes t ma rgin (FTE)1

Coverage ra tio (ALLL/Noncurrent loans)

Los s provi sion to net cha rge‐offs (qua rte r)

Net cha rge‐offs to average loans and leases 1

1

Quarterly, annualized.

Asset Quality (% of Total Loan Type)

Q1 2009 Q2 2009 Q3 2009 Q4 2009 Q1 2009 Q2 2009 Q3 2009 Q4 2009

Construction & development 10.4% 13.4% 16.0% 16.8% ‐1.9% 2.1% 1.8% 2.0%

Closed‐end 1‐4 family residential 8.4% 9.3% 11.2% 13.5% ‐0.5% 1.0% 0.6% 0.6%

Home equity 2.5% 2.0% 2.1% 2.1% ‐0.9% 1.7% 0.9% 1.0%

Credit card 3.6% 4.0% 3.5% 3.7% ‐3.6% 5.5% 3.0% 2.7%

Other consumer 1.8% 1.9% 1.9% 1.7% ‐2.3% 2.4% 1.3% 1.2%

Commercial & Industrial 2.8% 3.3% 4.2% 4.0% ‐0.6% 1.2% 0.8% 0.7%

Commercial real estate 2.7% 3.7% 4.9% 5.6% ‐0.2% 0.3% 0.4% 0.3%

Total loans 4.5% 5.0% 5.8% 6.4% ‐1.0% 1.5% 0.9% 0.9%

Source: Federal Reserve Y‐9C Data

132.1%

4.2%

164.0% 149.9%

Q4 2009

7.4%

11.4%

15.0%

0.9% 1.6%

Noncurrent Loans Gross Charge‐Offs

6.0%

0.6%

3.2%

60.0%

138.2%

0.8% 1.9% 3.1%

2.4%

69.9% 69.1% 63.7%

1.8% 3.7% 4.6%

0.2% 0.3% 0.4%

11.0% 11.4% 11.8%

14.6% 15.1% 15.5%

Q1 2009 Q2 2009 Q3 2009

7.3% 7.6% 7.8%

I. 21 Largest BHCs Receiving CPP Funds to Date

Q1 2009 Q2 2009 Q3 2009

21 21 21

Q4 2009

20

22 
Selected Balance Sheet and Off Balance Sheet items $ milli ons %chg from prev $ milli ons %chg from prev $ milli ons %chg from prev $ milli ons %chg from prev

Number of Institutions Reporting

Assets $814,402 0.1% $803,168 ‐1.4% $810,915 1.0% $802,916 ‐1.0%

Loans $583,309 ‐0.3% $577,160 ‐1.1% $567,421 ‐1.7% $559,804 ‐1.3%

Construction & development $86,586 ‐2.3% $81,130 ‐6.3% $75,088 ‐7.4% $68,287 ‐9.1%

Closed‐end 1‐4 family residential $98,913 1.4% $98,421 ‐0.5% $95,504 ‐3.0% $96,040 0.6%

Home Equity $40,856 2.7% $41,276 1.0% $41,709 1.0% $41,926 0.5%

Credit Card $1,991 ‐3.3% $2,030 2.0% $2,043 0.6% $2,084 2.0%

Other Consumer $28,884 ‐5.8% $27,947 ‐3.2% $27,917 ‐0.1% $27,386 ‐1.9%

Commercial & Industrial $116,663 ‐2.1% $113,330 ‐2.9% $109,239 ‐3.6% $106,447 ‐2.6%

Commercial Real Estate $158,941 2.0% $161,655 1.7% $164,275 1.6% $165,862 1.0%

Unused commi tments $167,075 ‐2.8% $155,136 ‐7.1% $149,927 ‐3.4% $146,597 ‐2.2%

Securi ti za ti on outs tanding pri nci pal $41,630 ‐0.2% $40,501 ‐2.7% $40,394 ‐0.3% $39,303 ‐2.7%

Mortgage‐ba cked securi ties (GSE and priva te i s s ue ) $84,959 6.1% $84,536 ‐0.5% $88,321 4.5% $90,167 2.1%

As set‐backed securi ties $3,065 ‐0.6% $427 ‐86.1% $822 92.5% $998 21.5%

Other securi ties $40,534 ‐3.0% $43,831 8.1% $46,961 7.1% $43,981 ‐6.3%

Ca s h & balances due $32,230 16.1% $30,105 ‐6.6% $41,884 39.1% $38,969 ‐7.0%

Resi dential mortgage origi na ti ons

Closed‐end mortgage originated for sale (quarter) $14,983 142.1% $18,404 22.8% $11,982 ‐34.9% $11,493 ‐4.1%

Open‐end HELOC originated for sale (quarter) $26 1.9% $30 16.8% $13 ‐57.4% $13 2.8%

Closed‐end mortgage originations sold (quarter) $17,649 92.5% $22,590 28.0% $17,097 ‐24.3% $15,001 ‐12.3%

Open‐end HELOC originations sold (quarter) $14 ‐93.4% $10 ‐28.9% $11 12.0% $9 ‐16.2%

Liabilities $729,583 0.7% $721,126 ‐1.2% $727,667 0.9% $721,305 ‐0.9%

Deposi ts $583,479 3.3% $586,297 0.5% $599,249 2.2% $603,941 0.8%

Other borrowed money $71,090 ‐11.4% $64,391 ‐9.4% $58,988 ‐8.4% $51,854 ‐12.1%

Equity

Total equi ty capi tal a t qua rter end $83,873 ‐5.1% $81,095 ‐3.3% $82,282 1.5% $80,662 ‐2.0%

Stock sales and rela ted transactions (cumula tive through

calender yea r) $205 NA $2,252 NA $5,744 NA $7,942 NA

Performance Ratios

Tier 1 leverage ra tio

Tier 1 ri sk based capi tal ra ti o

Total risk based capi tal ra ti o

Return on equi ty1

Return on a s sets 1

Net i nteres t ma rgi n (FTE)1

Coverage ra ti o (ALLL/Noncurrent loans)

Los s provi si on to net cha rge‐offs (qua rter)

Net cha rge‐offs to average loans and leases 1

1

Quarterly, annualized.

Asset Quality (% of Total Loan Type)

Q1 2009 Q2 2009 Q3 2009 Q4 2009 Q1 2009 Q2 2009 Q3 2009 Q4 2009

Construction & development 11.3% 12.8% 14.9% 16.3% ‐2.4% 3.6% 2.2% 2.4%

Closed‐end 1‐4 family residential 3.8% 4.4% 4.8% 5.2% ‐0.4% 0.7% 0.5% 0.5%

Home equity 1.0% 0.9% 0.9% 1.1% ‐0.6% 0.8% 0.4% 0.5%

Credit card 2.8% 2.7% 2.5% 2.5% ‐3.8% 3.7% 1.9% 1.8%

Other consumer 0.7% 0.8% 0.9% 1.1% ‐1.2% 1.7% 0.6% 0.6%

Commercial & Industrial 2.1% 2.6% 2.7% 2.7% ‐0.5% 1.3% 0.8% 0.7%

Commercial real estate 2.0% 2.5% 3.2% 3.7% ‐0.1% 0.3% 0.3% 0.3%

Total loans 3.6% 4.2% 4.7% 5.0% ‐0.8% 1.2% 0.7% 0.7%

Source: Federal Reserve Y‐9C Data

Noncurrent Loans Gross Charge‐Offs

143.5% 143.9% 135.6% 134.2%

0.6% 1.6% 2.5% 3.5%

1.0% 2.1% 3.1% 4.2%

58.9% 58.5% 56.3% 56.5%

‐6.3% ‐11.3% ‐15.2% ‐17.2%

‐0.6% ‐1.1% ‐1.5% ‐1.7%

11.3% 11.1% 11.5% 11.6%

13.9% 13.6% 14.0% 14.1%

Q1 2009 Q2 2009 Q3 2009 Q4 2009

9.5% 9.3% 9.4% 9.2%

II. U.S. BHCs Receiving CPP Funds in 4th Quarter 2008

(excludes Top 21 BHCs)

Q1 2009 Q2 2009 Q3 2009 Q4 2009

126 125 125 124

23 
Selected Balance Sheet and Off Balance Sheet items $ milli ons %chg from prev $ milli ons %chg from prev $ milli ons %chg from prev $ milli ons %chg from prev

Number of Institutions Reporting

Assets $249,250 6.2% $294,236 18.0% $299,465 1.8% $324,873 8.5%

Loans $177,726 4.3% $207,038 16.5% $202,864 ‐2.0% $229,896 13.3%

Construction & development $26,248 2.6% $25,555 ‐2.6% $24,451 ‐4.3% $22,625 ‐7.5%

Closed‐end 1‐4 family residential $34,963 2.6% $35,623 1.9% $34,839 ‐2.2% $34,834 0.0%

Home Equity $8,077 5.5% $8,401 4.0% $8,637 2.8% $8,645 0.1%

Credit Card $258 ‐5.3% $25,586 9826.1% $20,262 ‐20.8% $48,519 139.5%

Other Consumer $8,728 0.2% $10,765 23.3% $11,700 8.7% $12,060 3.1%

Commercial & Industrial $31,728 4.1% $32,000 0.9% $31,537 ‐1.4% $31,348 ‐0.6%

Commercial Real Estate $51,596 6.3% $53,226 3.2% $54,478 2.4% $54,867 0.7%

Unused commi tments $37,375 2.3% $214,679 474.4% $209,574 ‐2.4% $204,288 ‐2.5%

Securi ti za ti on outs tanding pri nci pal $719 20.1% $23,586 3182.4% $27,842 18.0% $1,058 ‐96.2%

Mortgage‐ba cked securi ties (GSE and priva te i s s ue ) $25,097 6.3% $26,748 6.6% $26,658 ‐0.3% $25,622 ‐3.9%

As set‐backed securi ties $115 7.9% $1,561 1256.3% $4,206 169.4% $512 ‐87.8%

Other securi ties $18,180 6.8% $23,092 27.0% $20,440 ‐11.5% $21,067 3.1%

Ca s h & balances due $10,591 36.0% $15,695 48.2% $24,663 57.1% $29,915 21.3%

Resi dential mortgage origi na ti ons

Closed‐end mortgage originated for sale (quarter) $9,758 92.2% $12,628 29.4% $8,327 ‐34.1% $8,503 2.1%

Open‐end HELOC originated for sale (quarter) $0 ‐‐ $0 ‐‐ $0 ‐‐ $0 ‐‐

Closed‐end mortgage originations sold (quarter) $11,015 79.9% $14,341 30.2% $10,443 ‐27.2% $9,935 ‐4.9%

Open‐end HELOC originations sold (quarter) $0 ‐100.0% $0 ‐‐ $0 ‐‐ $0 ‐‐

Liabilities $225,288 4.3% $262,874 16.7% $267,439 1.7% $294,659 10.2%

Deposi ts $186,931 6.0% $220,005 17.7% $225,864 2.7% $232,803 3.1%

Other borrowed money $21,552 1.6% $20,860 ‐3.2% $19,585 ‐6.1% $41,003 109.4%

Equity

Total equi ty capi tal a t qua rter end $23,908 28.6% $31,309 31.0% $31,977 2.1% $30,163 ‐5.7%

Stock sales and rela ted transactions (cumula tive through

calender yea r) $4,740 NA $7,200 NA $8,183 NA $8,822 NA

Performance Ratios

Tier 1 leverage ra tio

Tier 1 ri sk based capi tal ra ti o

Total risk based capi tal ra ti o

Return on equi ty1

Return on a s sets 1

Net i nteres t ma rgi n (FTE)1

Coverage ra ti o (ALLL/Noncurrent loans)

Los s provi si on to net cha rge‐offs (qua rter)

Net cha rge‐offs to average loans and leases 1

1

Quarterly, annualized.

Asset Quality (% of Total Loan Type)

Q1 2009 Q2 2009 Q3 2009 Q4 2009 Q1 2009 Q2 2009 Q3 2009 Q4 2009

Construction & development 8.6% 11.7% 14.3% 15.7% ‐1.6% 1.9% 2.0% 2.2%

Closed‐end 1‐4 family residential 3.6% 4.3% 4.9% 5.3% ‐0.2% 0.3% 0.2% 0.2%

Home equity 1.1% 1.1% 1.2% 1.2% ‐0.3% 0.2% 0.1% 0.3%

Credit card 1.6% 6.2% 2.8% 4.8% ‐3.4% 8.4% 2.2% 2.0%

Other consumer 0.7% 0.8% 0.8% 0.8% ‐1.7% 1.5% 0.7% 0.6%

Commercial & Industrial 2.9% 3.2% 4.4% 3.8% ‐0.4% 1.2% 0.5% 0.7%

Commercial real estate 2.1% 2.6% 3.5% 3.6% ‐0.1% 0.2% 0.2% 0.3%

Total loans 3.4% 4.4% 4.9% 5.1% ‐0.5% 1.3% 0.7% 0.9%

Source: Federal Reserve Y‐9C Data

Noncurrent Loans Gross Charge‐Offs

180.1% 149.2% 135.5% 127.2%

0.3% 1.5% 2.4% 3.5%

1.0% 2.3% 3.4% 4.2%

51.4% 64.8% 57.2% 72.1%

‐0.4% ‐0.3% ‐1.4% ‐4.0%

0.0% 0.0% ‐0.2% ‐0.4%

12.2% 13.1% 12.6% 12.2%

13.7% 14.7% 14.1% 14.0%

Q1 2009 Q2 2009 Q3 2009 Q4 2009

9.7% 10.5% 10.5% 9.7%

III. U.S. BHCs Receiving CPP Funds in 1st Quarter 2009

(excludes Top 21 BHCs)

Q1 2009 Q2 2009 Q3 2009 Q4 2009

130 131 132 132

24 
Selected Balance Sheet and Off Balance Sheet items $ milli ons %chg from prev $ milli ons %chg from prev $ milli ons %chg from prev $ milli ons %chg from prev

Number of Institutions Reporting

Assets $28,117 2.9% $28,681 2.0% $29,392 2.5% $29,186 ‐0.7%

Loans $21,503 1.9% $21,895 1.8% $21,659 ‐1.1% $21,570 ‐0.4%

Construction & development $3,524 ‐2.0% $3,268 ‐7.3% $3,084 ‐5.6% $2,867 ‐7.0%

Closed‐end 1‐4 family residential $3,513 6.4% $3,718 5.8% $3,583 ‐3.6% $3,666 2.3%

Home Equity $1,367 4.7% $1,382 1.1% $1,428 3.3% $1,425 ‐0.2%

Credit Card $7 ‐7.5% $7 5.1% $7 1.9% $8 6.9%

Other Consumer $377 ‐6.4% $416 10.3% $416 0.0% $394 ‐5.4%

Commercial & Industrial $3,069 ‐1.5% $3,062 ‐0.2% $3,024 ‐1.3% $2,977 ‐1.6%

Commercial Real Estate $7,594 3.7% $7,914 4.2% $7,962 0.6% $7,992 0.4%

Unused commi tments $3,859 ‐4.8% $3,523 ‐8.7% $3,434 ‐2.5% $3,227 ‐6.0%

Securi ti za ti on outs tanding pri nci pal $186 34.1% $132 ‐28.7% $121 ‐8.9% $119 ‐1.7%

Mortgage‐ba cked securi ties (GSE and priva te i s s ue ) $1,879 ‐1.2% $1,822 ‐3.1% $1,946 6.8% $1,855 ‐4.7%

As set‐backed securi ties $11 42.1% $19 73.3% $5 ‐75.7% $4 ‐1.7%

Other securi ties $1,809 7.6% $1,878 3.8% $2,059 9.7% $2,180 5.9%

Ca s h & balances due $1,015 12.9% $1,201 18.3% $1,463 21.9% $1,351 ‐7.7%

Resi dential mortgage origi na ti ons

Closed‐end mortgage originated for sale (quarter) $1,234 266.1% $1,960 58.8% $1,099 ‐43.9% $1,370 24.6%

Open‐end HELOC originated for sale (quarter) $0 ‐‐ $1 ‐‐ $0 ‐52.2% $1 89.1%

Closed‐end mortgage originations sold (quarter) $1,305 243.2% $2,155 65.1% $1,451 ‐32.7% $1,556 7.3%

Open‐end HELOC originations sold (quarter) $0 ‐‐ $0 ‐‐ $0 ‐‐ $0 ‐‐

Liabilities $25,897 3.1% $26,152 1.0% $26,846 2.7% $26,775 ‐0.3%

Deposi ts $22,413 4.4% $22,569 0.7% $23,340 3.4% $23,279 ‐0.3%

Other borrowed money $2,254 ‐4.5% $2,074 ‐8.0% $1,902 ‐8.3% $1,967 3.4%

Equity

Total equi ty capi tal a t qua rter end $2,150 0.7% $2,458 14.4% $2,477 0.8% $2,342 ‐5.5%

Stock sales and rela ted transactions (cumula tive through

calender yea r) $8 NA $296 NA $317 NA $317 NA

Performance Ratios

Tier 1 leverage ra tio

Tier 1 ri sk based capi tal ra ti o

Total risk based capi tal ra ti o

Return on equi ty1

Return on a s sets 1

Net i nteres t ma rgi n (FTE)1

Coverage ra ti o (ALLL/Noncurrent loans)

Los s provi si on to net cha rge‐offs (qua rter)

Net cha rge‐offs to average loans and leases 1

1

Quarterly, annualized.

Asset Quality (% of Total Loan Type)

Q1 2009 Q2 2009 Q3 2009 Q4 2009 Q1 2009 Q2 2009 Q3 2009 Q4 2009

Construction & development 8.7% 9.3% 9.7% 11.7% ‐1.5% 1.4% 1.3% 1.5%

Closed‐end 1‐4 family residential 2.8% 3.9% 4.6% 4.4% ‐0.3% 0.3% 0.3% 0.5%

Home equity 0.7% 0.8% 1.2% 1.1% ‐0.3% 0.2% 0.1% 0.3%

Credit card 0.6% 0.3% 0.2% 0.4% ‐2.9% 2.2% 0.9% 0.7%

Other consumer 1.0% 0.8% 0.8% 1.2% ‐1.2% 0.7% 0.6% 0.6%

Commercial & Industrial 2.8% 2.5% 2.7% 2.9% ‐1.3% 1.0% 0.5% 0.9%

Commercial real estate 2.9% 3.4% 3.9% 3.9% ‐0.2% 0.4% 0.4% 0.3%

Total loans 3.6% 3.9% 4.3% 4.5% ‐0.7% 0.6% 0.5% 0.6%

Source: Federal Reserve Y‐9C Data

Noncurrent Loans Gross Charge‐Offs

111.3% 135.5% 150.9% 136.1%

0.3% 0.7% 1.3% 2.2%

1.1% 2.2% 3.3% 4.5%

42.2% 42.5% 45.5% 45.4%

‐1.2% ‐2.5% ‐3.0% ‐9.3%

‐0.1% ‐0.2% ‐0.3% ‐0.7%

10.1% 12.1% 12.0% 11.7%

11.9% 14.3% 14.2% 13.9%

Q1 2009 Q2 2009 Q3 2009 Q4 2009

8.3% 9.8% 9.6% 9.2%

IV. U.S. BHCs Receiving CPP Funds in 2nd Quarter 2009

(excludes Top 21 BHCs)

Q1 2009 Q2 2009 Q3 2009 Q4 2009

27 28 28 28

25 
Selected Balance Sheet and Off Balance Sheet items $ milli ons %chg from prev $ milli ons %chg from prev $ milli ons %chg from prev $ milli ons %chg from prev

Number of Institutions Reporting

Assets $7,614 5.7% $7,471 ‐1.9% $7,616 2.0% $7,536 ‐1.1%

Loans $5,309 ‐1.2% $5,230 ‐1.5% $5,130 ‐1.9% $5,028 ‐2.0%

Construction & development $648 1.3% $588 ‐9.2% $528 ‐10.2% $479 ‐9.3%

Closed‐end 1‐4 family residential $834 ‐0.2% $817 ‐1.9% $805 ‐1.5% $791 ‐1.8%

Home Equity $838 1.2% $831 ‐0.8% $832 0.1% $814 ‐2.1%

Credit Card $4 ‐6.2% $4 5.3% $5 3.7% $5 7.2%

Other Consumer $109 ‐6.0% $107 ‐2.1% $106 ‐0.9% $104 ‐1.3%

Commercial & Industrial $877 ‐6.2% $876 0.0% $851 ‐2.9% $827 ‐2.8%

Commercial Real Estate $1,490 ‐1.9% $1,502 0.8% $1,523 1.4% $1,520 ‐0.2%

Unused commi tments $1,302 ‐10.4% $1,219 ‐6.4% $1,161 ‐4.7% $1,155 ‐0.5%

Securi ti za ti on outs tanding pri nci pal $0 ‐‐ $2 ‐‐ $2 0.5% $0 ‐81.1%

Mortgage‐ba cked securi ties (GSE and priva te i s s ue ) $1,131 23.1% $1,190 5.2% $1,347 13.2% $1,311 ‐2.6%

As set‐backed securi ties $0 ‐35.6% $0 ‐27.6% $0 3.1% $0 ‐9.0%

Other securi ties $403 61.9% $387 ‐4.0% $396 2.4% $408 2.9%

Ca s h & balances due $322 2.7% $305 ‐5.4% $360 18.1% $349 ‐3.0%

Resi dential mortgage origi na ti ons

Closed‐end mortgage originated for sale (quarter) $51 132.5% $67 32.5% $45 ‐32.8% $40 ‐11.3%

Open‐end HELOC originated for sale (quarter) $0 ‐‐ $0 ‐‐ $0 ‐‐ $0 ‐‐

Closed‐end mortgage originations sold (quarter) $57 114.0% $76 34.4% $54 ‐29.6% $45 ‐16.2%

Open‐end HELOC originations sold (quarter) $0 ‐‐ $0 ‐‐ $0 ‐‐ $0 ‐‐

Liabilities $7,050 6.3% $6,893 ‐2.2% $6,973 1.2% $6,940 ‐0.5%

Deposi ts $5,861 4.7% $5,947 1.5% $5,887 ‐1.0% $5,962 1.3%

Other borrowed money $830 19.9% $608 ‐26.7% $657 8.1% $566 ‐13.9%

Equity

Total equi ty capi tal a t qua rter end $564 ‐1.1% $577 2.3% $644 11.5% $596 ‐7.4%

Stock sales and rela ted transactions (cumula tive through

calender yea r) $0 NA $19 NA $73 NA $73 NA

Performance Ratios

Tier 1 leverage ra tio

Tier 1 ri sk based capi tal ra ti o

Total risk based capi tal ra ti o

Return on equi ty1

Return on a s sets 1

Net i nteres t ma rgi n (FTE)1

Coverage ra ti o (ALLL/Noncurrent loans)

Los s provi si on to net cha rge‐offs (qua rter)

Net cha rge‐offs to average loans and leases 1

1

Quarterly, annualized.

Asset Quality (% of Total Loan Type)

Q1 2009 Q2 2009 Q3 2009 Q4 2009 Q1 2009 Q2 2009 Q3 2009 Q4 2009

Construction & development 14.5% 11.3% 13.7% 13.6% ‐3.8% 2.6% 1.2% 3.0%

Closed‐end 1‐4 family residential 2.0% 2.5% 3.4% 4.0% ‐0.2% 0.4% 0.3% 0.6%

Home equity 0.8% 0.9% 1.1% 1.2% ‐0.3% 0.5% 0.2% 0.5%

Credit card 0.3% 0.2% 0.7% 0.8% ‐1.0% 1.5% 1.2% 1.3%

Other consumer 0.9% 0.8% 1.0% 1.2% ‐1.4% 0.8% 0.6% 0.5%

Commercial & Industrial 1.9% 2.4% 2.0% 2.0% ‐0.8% 0.2% 0.4% 0.4%

Commercial real estate 1.7% 1.9% 2.1% 4.0% 0.0% 0.2% 0.1% 0.6%

Total loans 3.2% 3.0% 3.3% 3.9% ‐0.7% 0.6% 0.4% 0.8%

Source: Federal Reserve Y‐9C Data

Noncurrent Loans Gross Charge‐Offs

108.2% 117.5% 120.4% 132.2%

0.3% 0.7% 1.2% 2.2%

0.9% 1.9% 3.0% 4.1%

54.3% 61.5% 60.6% 60.3%

0.4% ‐0.5% ‐1.0% ‐9.8%

0.0% 0.0% ‐0.1% ‐0.8%

9.1% 9.4% 11.6% 11.1%

11.0% 11.3% 13.9% 13.4%

Q1 2009 Q2 2009 Q3 2009 Q4 2009

7.4% 7.5% 9.1% 8.5%

V. U.S. BHCs Receiving CPP Funds in 3rd Quarter 2009

(excludes Top 21 BHCs)

Q1 2009 Q2 2009 Q3 2009 Q4 2009

55 5 5

26 
Selected Balance Sheet and Off Balance Sheet items $ milli ons %chg from prev $ milli ons %chg from prev $ milli ons %chg from prev $ milli ons %chg from prev

Number of Institutions Reporting

Assets $2,427 48.6% $2,478 2.1% $2,556 3.2% $3,007 17.6%

Loans $1,741 48.5% $1,802 3.5% $1,880 4.3% $2,156 14.7%

Construction & development $254 54.0% $257 1.0% $246 ‐4.3% $257 4.6%

Closed‐end 1‐4 family residential $363 10.4% $371 2.2% $377 1.7% $411 8.9%

Home Equity $56 74.9% $59 5.5% $59 ‐0.4% $62 5.7%

Credit Card $1 ‐13.9% $1 14.4% $1 ‐8.0% $1 7.4%

Other Consumer $62 5.9% $62 ‐0.7% $63 1.9% $67 6.4%

Commercial & Industrial $276 68.2% $279 1.0% $306 9.7% $329 7.7%

Commercial Real Estate $625 77.8% $652 4.3% $702 7.6% $868 23.6%

Unused commi tments $337 62.6% $359 6.7% $327 ‐9.1% $323 ‐1.1%

Securi ti za ti on outs tanding pri nci pal $3 ‐‐ $3 0.0% $0 ‐100.0% $0 ‐‐

Mortgage‐ba cked securi ties (GSE and priva te i s s ue ) $164 2.3% $160 ‐2.2% $160 0.3% $136 ‐15.4%

As set‐backed securi ties $0 ‐‐ $0 ‐‐ $0 ‐‐ $0 ‐‐

Other securi ties $180 13.9% $215 19.6% $207 ‐3.6% $275 32.9%

Ca s h & balances due $135 158.6% $201 48.9% $176 ‐12.5% $266 51.5%

Resi dential mortgage origi na ti ons

Closed‐end mortgage originated for sale (quarter) $0 ‐‐ $0 ‐‐ $0 ‐‐ $0 ‐‐

Open‐end HELOC originated for sale (quarter) $0 ‐‐ $0 ‐‐ $0 ‐‐ $0 ‐‐

Closed‐end mortgage originations sold (quarter) $0 ‐‐ $0 ‐‐ $0 ‐‐ $0 ‐‐

Open‐end HELOC originations sold (quarter) $0 ‐‐ $0 ‐‐ $0 ‐‐ $0 ‐‐

Liabilities $2,180 47.8% $2,219 1.8% $2,298 3.6% $2,670 16.2%

Deposi ts $2,049 51.0% $2,077 1.4% $2,149 3.4% $2,504 16.5%

Other borrowed money $96 6.6% $89 ‐7.4% $87 ‐2.7% $93 7.4%

Equity

Total equi ty capi tal a t qua rter end $230 54.8% $234 1.7% $233 ‐0.3% $300 28.3%

Stock sales and rela ted transactions (cumula tive through

calender year) $0 NA $5 NA $9 NA $63

Performance Ratios

Tier 1 leverage ra tio

Tier 1 ri sk based capi tal ra ti o

Total risk based capi tal ra ti o

Return on equi ty1

Return on a s sets 1

Net i nteres t ma rgi n (FTE)1

Coverage ra ti o (ALLL/Noncurrent loans)

Los s provi si on to net cha rge‐offs (qua rter)

Net cha rge‐offs to average loans and leases 1

1

Quarterly, annualized.

Asset Quality (% of Total Loan Type)

Q1 2009 Q2 2009 Q3 2009 Q4 2009 Q1 2009 Q2 2009 Q3 2009 Q4 2009

Construction & development 7.2% 5.5% 6.4% 13.0% 0.2% 0.8% 0.4% 1.3%

Closed‐end 1‐4 family residential 1.3% 1.3% 1.2% 1.6% ‐0.1% 0.2% 0.1% 0.1%

Home equity 0.4% 2.8% 1.3% 1.6% 0.0% 0.1% 0.0% 0.3%

Credit card 3.1% 4.0% 4.8% 1.2% ‐2.1% 0.8% 0.7% 4.6%

Other consumer 0.9% 0.5% 0.5% 0.6% ‐0.7% 0.3% 0.2% 0.5%

Commercial & Industrial 1.7% 1.2% 2.5% 2.0% ‐0.2% 0.0% 0.1% 1.2%

Commercial real estate 1.3% 0.7% 1.4% 3.0% 0.0% 0.0% 0.1% 0.1%

Total loans 2.2% 1.7% 2.2% 3.9% ‐0.1% 0.2% 0.1% 0.5%

Source: Federal Reserve Y‐9C Data

VI. U.S. BHCs Receiving CPP Funds in 4th Quarter 2009

(excludes Top 21 BHCs)

Q1 2009 Q2 2009 Q3 2009 Q4 2009

55 5 5

Q1 2009 Q2 2009 Q3 2009 Q4 2009

9.4% 9.8% 8.8% 10.0%

11.9% 12.2% 11.1% 12.9%

13.1% 13.4% 12.5% 14.2%

1.0% 1.4% 1.5% 0.8%

0.1% 0.1% 0.1% 0.1%

1.0% 2.0% 3.0% 3.8%

98.6% 107.2% 84.5% 43.9%

Noncurrent Loans Gross Charge‐Offs

421.6% 200.7% 181.1% 132.9%

0.1% 0.2% 0.4% 0.9%

NA

27 
Selected Balance Sheet and Off Balance Sheet items $ millions %chg from prev $ millions %chg from prev $ millions %chg from prev $ millions %chg from prev

Number of Institutions Reporting

Assets $3,506,521 ‐0.4% $3,422,326 ‐2.4% $3,514,011 2.7% $3,506,564 ‐0.2%

Loans $1,554,512 ‐1.2% $1,502,369 ‐3.4% $1,473,128 ‐1.9% $1,435,559 ‐2.6%

Construction & development $156,905 ‐2.2% $143,922 ‐8.3% $131,270 ‐8.8% $117,595 ‐10.4%

Closed‐end 1‐4 family residential $359,608 ‐0.1% $345,797 ‐3.8% $335,622 ‐2.9% $330,294 ‐1.6%

Home Equity $80,617 3.1% $81,198 0.7% $81,892 0.9% $81,361 ‐0.6%

Credit Card $63,879 ‐7.8% $61,711 ‐3.4% $60,451 ‐2.0% $61,292 1.4%

Other Consumer $121,944 ‐1.6% $116,309 ‐4.6% $112,570 ‐3.2% $108,189 ‐3.9%

Commercial & Industrial $239,709 ‐2.9% $232,553 ‐3.0% $223,454 ‐3.9% $221,239 ‐1.0%

Commercial Real Estate $328,150 2.7% $313,853 ‐4.4% $316,514 0.8% $310,658 ‐1.9%

Unused commi tments $651,247 ‐2.4% $620,047 ‐4.8% $613,917 ‐1.0% $596,466 ‐2.8%

Securi ti za tion outs tanding principal $71,931 ‐5.1% $67,402 ‐6.3% $66,000 ‐2.1% $67,889 2.9%

Mortgage‐backed securi ties (GSE and priva te i s sue ) $266,877 0.0% $264,776 ‐0.8% $275,955 4.2% $268,208 ‐2.8%

Asset‐backed securi ties $25,022 2.8% $26,694 6.7% $28,723 7.6% $30,558 6.4%

Othe r securi ties $340,845 2.0% $365,073 7.1% $381,228 4.4% $384,331 0.8%

Ca sh & balances due $204,174 ‐19.0% $189,688 ‐7.1% $214,727 13.2% $231,449 7.8%

Resi dential mortgage origina tions

Closed‐end mortgage originated for sale (quarter) $58,620 88.4% $45,099 ‐23.1% $28,475 ‐36.9% $28,637 0.6%

Open‐end HELOC originated for sale (quarter) $18 ‐74.3% $17 ‐2.3% $11 ‐37.2% $34 211.0%

Closed‐end mortgage originations sold (quarter) $82,542 34.7% $69,463 ‐15.8% $50,959 ‐26.6% $43,053 ‐15.5%

Open‐end HELOC originations sold (quarter) $188 597.5% $26 ‐86.0% $1 ‐97.4% $37 5298.4%

Liabilities $3,250,021 ‐0.6% $3,165,687 ‐2.6% $3,239,010 2.3% $3,233,607 ‐0.2%

Deposi ts $1,507,207 0.5% $1,474,504 ‐2.2% $1,508,853 2.3% $1,537,958 1.9%

Othe r borrowed money $534,099 ‐7.3% $504,922 ‐5.5% $463,722 ‐8.2% $438,886 ‐5.4%

Equity

Total equi ty capi tal a t qua rter end $247,657 2.5% $247,767 0.0% $263,657 6.4% $261,807 ‐0.7%

Stock sales and rela ted transactions (cumula tive through

calende r yea r) $3,684 NA $7,573 NA $7,970 NA $10,853 NA

Performance Ratios

Tier 1 leve rage ra tio

Tier 1 ri sk based ca pi tal ra ti o

Total ri sk based ca pi tal ra tio

Return on equi ty1

Return on a s sets 1

Net inte res t ma rgin (FTE)1

Cove rage ra ti o (ALLL/Noncurrent loans)

Los s provi sion to net cha rge‐offs (qua rte r)

Net cha rge‐offs to average loans and leases 1

1

Quarterly, annualized.

Asset Quality (% of Total Loan Type)

Q1 2009 Q2 2009 Q3 2009 Q4 2009 Q1 2009 Q2 2009 Q3 2009 Q4 2009

Construction & development 12.6% 14.2% 14.5% 15.2% ‐2.0% 2.1% 1.0% 1.9%

Closed‐end 1‐4 family residential 4.8% 4.7% 5.5% 5.1% ‐1.1% 0.9% 0.5% 1.2%

Home equity 1.4% 1.3% 1.3% 1.2% ‐1.0% 0.8% 0.5% 0.6%

Credit card 3.8% 3.8% 3.8% 3.9% ‐6.8% 5.9% 3.1% 3.2%

Other consumer 2.6% 2.6% 2.8% 1.8% ‐3.1% 2.7% 1.3% 2.3%

Commercial & Industrial 1.7% 1.9% 2.6% 2.7% ‐0.6% 0.7% 0.4% 0.5%

Commercial real estate 2.1% 2.6% 3.5% 3.2% ‐0.2% 0.2% 0.2% 0.2%

Total loans 3.8% 4.0% 4.5% 4.5% ‐1.2% 1.1% 0.6% 0.9%

Source: Federal Reserve Y‐9C Data

Noncurrent Loans Gross Charge‐Offs

144.6% 131.4% 127.1% 112.7%

0.6% 1.4% 2.1% 3.4%

0.8% 1.7% 2.5% 3.3%

68.8% 67.4% 63.2% 62.4%

0.2% ‐4.7% ‐4.6% ‐5.9%

0.0% ‐0.3% ‐0.3% ‐0.4%

8.3% 8.4% 8.9% 9.1%

10.1% 10.2% 10.8% 11.0%

Q1 2009 Q2 2009 Q3 2009 Q4 2009

4.9% 5.0% 5.3% 5.4%

VII. U.S. Top Tier BHCs Not Receiving CPP Funds

Q1 2009 Q2 2009 Q3 2009 Q4 2009

717 710 701 698

28 
29 

                                                           

Appendix B: Notes to Y-9C Data Users 

• Data are from the Consolidated Financial Statements for Bank Holding Companies Y-9C 

Report Form. Only top tier holding companies with $500 million or more in consolidated 

assets are required to file Y-9C Reports.17

• GMAC is excluded from all groups as GMAC received TARP funds under the 

Automotive Industry Financing Program. 

• Generally, data are not adjusted to reflect subsequent mergers between bank holding 

companies, which can contribute to shifts in reporting populations after the date of the 

merger. The data are only adjusted to reflect the acquisition of Wachovia Corporation 

(acquired by Wells Fargo & Company) and National City Corporation (acquired by PNC 

Financial Services Group) in Q4 2008. 

• Unused commitments include home equity lines, credit card lines, securities 

underwriting, other unused commitments, and unused commitments (unsecured and 

secured by real estate) to fund commercial real estate, construction, and land 

development. 

• Securitization outstanding principal includes the principal balance of assets sold and 

securitized with servicing retained or with recourse or other seller-provided credit 

enhancements. 

• Residential Mortgage Origination data comes from schedule HC-P of the Y-9C which is 

completed only by bank holding companies with $1,000,000,000 or more in total assets; 

and by bank holding companies with less than $1,000,000,000 in total assets with 1-4 

family mortgage originations and purchases for resale exceeding $10,000,000 two 

quarters in a row. 

• Stock sales and related transactions equals the sale of perpetual preferred and common 

stock net of conversion or retirement of like stock plus sale of treasury stock net of 

purchase adjusted to provide quarterly figures. 

• Weighted average performance ratios were calculated for each group. 

• The ratios ROE, ROA, net interest margin, net charge-offs to average loans are 

annualized. 

17 In some cases, “BHCs meeting certain criteria may be required to file this report, regardless of size. However, 

when such BHCs own or control, or are owned or controlled by, other BHCs, only top-tier holding companies must 

file this report for the consolidated holding company organization.” See The Federal Reserve Board’s “Reporting 

Forms” page for more detailed information (http://federalreserve.gov/reportforms/default.cfm). 
30 

• Coverage ratio equals the allowance for loan and lease losses as a percentage of 

nonaccrual loans or loans past due 90 or more days and still accruing. 

• Gross charge-off rates use average of period end assets for denominator and are adjusted 

to provide quarterly figures. 

Source: Treasury Analysis of Y-9C Data