FDIC Quarterly

Quarterly Banking Profile:

Second Quarter 2015

Highlights:

■ Quarterly Net Income Rises to $43 Billion

■ Higher Revenues, Lower Expenses Boost Earnings

■ Earnings for Community Banks Grew 12 Percent 

During Second Quarter 2015

■ Growth in Noninterest Income at Community Banks 

Outpaces That of Industry

■ DIF Reserve Ratio Rises 3 Basis Points to 1.06 Percent

■ Insured Deposit Growth Was Flat in Second Quarter

2015, Volume 9, Number 3
Chairman Martin J. Gruenberg

Director, Division of Insurance Diane Ellis

and Research

Executive Editor Richard A. Brown

Managing Editors Matthew Green

Jack Reidhill

Philip A. Shively

Editors Clayton Boyce

Peggi Gill

Frank Solomon

Publication Manager Lynne Montgomery

Media Inquiries (202) 898-6993

The FDIC Quarterly is published by the Division of Insurance and Research of the Federal Deposit 

Insurance Corporation and contains a comprehensive summary of the most current financial results 

for the banking industry. Feature articles appearing in the FDIC Quarterly range from timely analysis 

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2015, Volume 9, Number 3

FDIC Quarterly

The views expressed are those of the authors and do not necessarily reflect official positions of the Federal Deposit Insurance

Corporation. Some of the information used in the preparation of this publication was obtained from publicly available sources 

that are considered reliable. However, the use of this information does not constitute an endorsement of its accuracy by the 

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Please provide the FDIC’s Division of Insurance and Research with a copy of any publications containing reprinted material.

Quarterly Banking Profile: Second Quarter 2015

FDIC-insured institutions reported aggregate net income of $43 billion in the second quarter of 2015, up 

$2.9 billion (7.3 percent) from a year earlier and the highest quarterly income on record. The increase in 

earnings was mainly attributable to a $3.6 billion rise in net operating revenue (net interest income plus 

total noninterest income). Of the 6,348 insured institutions in the second quarter of 2015, more than half 

(58.7 percent) reported year-over-year growth in quarterly earnings. The proportion of banks that were 

unprofitable during the second quarter fell from 6.8 percent a year earlier to 5.6 percent, the lowest since 

the first quarter of 2005. See page 1.

Community Bank Performance

Community banks—which represent 93 percent of insured institutions—reported net income of 

$5.3 billion in the second quarter, up $555.3 million (11.8 percent) from one year earlier. The increase 

was driven by higher net interest income and noninterest income, and lower provision expense. The 

12-month growth rate in loan balances at community banks was 8.8 percent, almost twice the rate of 

noncommunity banks. Asset quality indicators continued to improve, and community banks accounted 

for 44 percent of small loans to businesses. See page 15.

Insurance Fund Indicators

Insured deposit growth was nearly flat, increasing by only 0.1 percent in the second quarter of 2015. 

The DIF reserve ratio rose to 1.06 percent on June 30, 2015, up from 1.03 percent at March 31, 2015, 

and 0.84 percent at June 30, 2014. One FDIC-insured institution failed during the quarter. 

See page 23.

FDIC Quarterly 1 2015, Volume 9, No. 3

Quarterly Banking Profile Second Quarter 2015

Improving Earnings Trend Remains Broad-Based

FDIC-insured commercial banks and savings institutions earned $43 billion in net income in second 

quarter 2015, an increase of $2.9 billion (7.3 percent) 

compared with second quarter 2014. Higher net 

operating revenue and lower noninterest expenses 

outweighed increased expenses for loan-loss provisions. Almost 60 percent of all banks—58.9 percent—

reported year-over-year growth in quarterly net 

income, while only 5.6 percent were unprofitable in 

the quarter. In second quarter 2014, 6.8 percent of all 

banks reported net losses. The average return on assets 

rose slightly to 1.09 percent, from 1.07 percent in the 

2014 quarter.

Margins Rebound Slightly From 30-Year Low

Net operating revenue—the sum of net interest income and total noninterest income—totaled 

$172.9 billion in the quarter, up $3.6 billion 

(2.1 percent) from the year before. More than twothirds of all banks—67.9 percent—reported higher net 

operating income. Net interest income increased by 

$2.4 billion (2.3 percent), as average interest-bearing 

assets were 5.3 percent higher than a year earlier. The 

industry net interest margin of 3.06 percent was down 

from 3.15 percent in second quarter 2014, but was up 

slightly from the 30-year low of 3.02 percent in first 

quarter 2015. Noninterest income rose by $1.2 billion 

(1.9 percent), as servicing income grew by $1.8 billion 

(63.9 percent), and trading revenue declined by 

$904 million (14.1 percent).

Litigation Expenses Are Lower

Noninterest expenses declined $1.1 billion 

(1.1 percent) from 2014 levels, as itemized litigation 

expenses at a few large banks were $1.3 billion less than 

in second quarter 2014 and charges for goodwill impairment were $191 million lower. Payroll expenses were 

up $1.3 billion (2.8 percent), while expenses for premises and fixed assets were only $6 million (0.1 percent) 

higher than the year earlier. Loan-loss provision 

expenses posted a fourth consecutive year-over-year 

increase, rising by $1.4 billion (20.2 percent).

■ Quarterly Net Income Rises to $43 Billion

■ Higher Revenues, Lower Expenses Boost Earnings

■ Loan Growth Remains Steady

■ Only One Bank Fails in the Quarter

INSURED INSTITUTION PERFORMANCE

Quarterly Net Income

All FDIC-Insured Institutions Billions of Dollars

Source: FDIC.

-$20

-$10

$0

$10

$20

$30

$40

$50

1 2 3 4 1 2 3 4 1 2 3 4 1 2 3 4 1 2 3 4 1 2 3 4 1 2

Securities and Other Gains/Losses, Net

Net Operating Income

-6.1

-12.6

2009 2010

2.1

-1.7

17.4

20.9 23.821.4

28.7

2011

28.5

35.2

25.3

34.8

2012

34.5

37.5

34.5

2013

40.438.236.1

39.837.3

2014

40.138.436.5

2015

39.8

43.0

Chart 1 Chart 2

Unprotable Institutions and Institutions

With Increased Earnings

Percentage of All FDIC-Insured Institutions

Source: FDIC.

0

10

20

30

40

50

60

70

80

2006 2007 2008 2009 2010 2011 2012 2013 2014 2015

Percentage of Institutions With Year-Over-Year

Quarterly Income Growth

Percentage of Institutions With Quarterly Losses
FDIC Quarterly 2 2015, Volume 9, No. 3

Net Charge-Off Rate Improves to Pre-Crisis Level

Net charge-offs declined for a 20th consecutive quarter, 

falling $1.1 billion (11.2 percent) from the 2014 level. 

The average net charge-off rate fell to 0.42 percent in 

the quarter, down from 0.50 percent the year before. 

This is the lowest quarterly charge-off rate for the 

industry since third quarter 2006. Charge-offs were 

down, year over year, in all major loan categories except 

commercial and industrial (C&I) loans and auto loans. 

C&I net charge-offs were $146 million (15.7 percent) 

higher than the 2014 quarter, while auto loan chargeoffs were up $71 million (21.2 percent).

Noncurrent Rate Continues to Improve

The amount of noncurrent loans and leases (90 days 

or more past due or in nonaccrual status) fell by 

$8.3 billion (5.4 percent) during the three months 

ended June 30. This is the 21st consecutive quarterly 

decline in noncurrent loan balances. Noncurrent 

C&I loans increased by $1.5 billion (15.4 percent) 

during the quarter, and noncurrent auto loans rose by 

$40 million (4.4 percent). Noncurrent levels declined 

in all other major loan categories, led by a $6.4 billion 

(6.7 percent) decline in noncurrent residential mortgage loans. At the end of June, more than a third of the 

industry’s $144.7 billion in noncurrent loan balances 

($50 billion, or 34.6 percent) consisted of loans with 

U.S. government guarantees, or loans covered by losssharing agreements with the FDIC.

Banks Continue to Release Reserves

Insured institutions reduced their loan-loss reserves for 

a 21st consecutive quarter. Reserve balances declined 

by $1.4 billion (1.2 percent) during the quarter, as net 

charge-offs of $8.9 billion exceeded loan-loss provisions of $8.1 billion. This is the smallest quarterly 

decline in industry reserves since banks began reducing 

them in second quarter 2010. The industry’s ratio of 

reserves to total loans and leases fell from 1.45 percent 

to 1.40 percent during the quarter. This is the lowest 

average since year-end 2007. However, the average 

coverage ratio of reserves to noncurrent loans rose 

for the 11th quarter in a row, from 79.1 percent to 

82.7 percent, because of the decline in noncurrent loan 

balances.

Capital Growth Is Modest

Banks added $4.5 billion to equity capital during the 

quarter. The modest 0.3 percent increase reflected a 

reduced contribution from retained earnings and a 

decline in unrealized gains in available-for-sale securities portfolios. Retained earnings totaled $14.4 billion, 

Chart 4

Year-Over-Year Change in Quarterly Loan-Loss Provisions

All FDIC-Insured Institutions

Billions of Dollars

Source: FDIC.

-$35

-$30

-$25

-$20

-$15

-$10

-$5

$0

$5

1 2341234 1 2 34123412

-30.7

1.4

2011 2012 2013 2014 2015

Chart 3

Quarterly Net Operating Revenue

All FDIC-Insured Institutions

Billions of Dollars

Source: FDIC.

$0

$20

$40

$60

$80

$100

$120

$140

$160

$180

$200

1234123 4 1 23412341 2341234 1 2 34123412

2007 2008 2009 2010 2011 2012 2013 2014 2015

Quarterly Noninterest Income

Quarterly Net Interest Income
FDIC Quarterly 3 2015, Volume 9, No. 3

Quarterly Banking Profile

which was $3.8 billion (20.9 percent) less than in 

second quarter 2014. Banks declared $28.6 billion 

in dividends in the second quarter, up $6.7 billion 

(30.8 percent) versus the 2014 quarter. Higher interest 

rates lowered the market values of securities portfolios. 

Accumulated other comprehensive income, a component of equity capital that includes unrealized gains on 

securities held for sale, declined by $12.9 billion. The 

industry’s equity-to-assets ratio rose from 11.18 percent 

to 11.23 percent during the quarter. At mid-year, 

98.6 percent of all FDIC-insured institutions, representing 99.9 percent of industry assets, met or exceeded the 

requirements for well-capitalized banks, as defined for 

Prompt Corrective Action purposes.

Banks Reduce Their Balances at Federal 

Reserve Banks

Total assets declined by $24.7 billion (0.2 percent) in 

the three months ended June 30. Banks reduced their 

balances at Federal Reserve banks by $182 billion 

(12.6 percent) during the quarter. Assets in trading 

accounts declined by $70.3 billion (10.6 percent). 

Securities and loans maturing in over 15 years increased 

by $45 billion (2.7 percent). Total loans and leases rose 

by $185 billion (2.2 percent). C&I loans increased by 

$49.4 billion (2.8 percent), residential mortgage loans 

rose by $24.7 billion (1.3 percent), credit card balances 

grew by $21.2 billion (3.1 percent), and loans to nondepository financial institutions increased by $18 billion 

(7.6 percent). This last loan category is up 39.9 percent 

over the 12 months ended June 30.

Non-Operational Deposit Balances Decline

Total deposit balances fell by $25.8 billion 

(0.2 percent), as at least one large bank reduced its 

non-operational deposits (wholesale funds in excess 

of the level needed to provide operational services 

to wholesale customers) to avoid a regulatory capital surcharge. Deposits in foreign offices declined by 

$34.1 billion (2.5 percent), and domestic office deposits 

rose by $8.3 billion (0.1 percent). Domestic deposits in interest-bearing accounts fell by $37.1 billion 

(0.5 percent), while noninterest-bearing deposits 

increased by $45.4 billion (1.5 percent). Nondeposit 

liabilities declined by $34.1 billion, as trading liabilities 

fell by $57.9 billion (18.9 percent). Federal Home Loan 

Bank advances rose by $40.7 billion (9.4 percent), and 

other unsecured borrowings increased by $38.6 billion 

(13.1 percent).

Chart 5

Noncurrent Loan Rate and Quarterly Net Charge-Off Rate

All FDIC-Insured Institutions

Percent

Source: FDIC.

0

1

2

3

4

5

6

2006 2007 2008 2009 2010 2011 2012 2013 2014 2015

Noncurrent Loan Rate

Quarterly Net Charge-Off Rate

Chart 6

Quarterly Change in Loan Balances

All FDIC-Insured Institutions Billions of Dollars

Source: FDIC.

* FASB Statements 166 and 167 resulted in the consolidation of large amounts of securitized

loan balances back onto banks’ balance sheets in the first quarter of 2010. Although the 

total amount consolidated cannot be precisely quantified, the industry would have reported 

a decline in loan balances for the quarter absent this change in accounting standards. 

221*

43

189

237

203

61

28

-6

-116-140

-109

-210

-133 -107

-7 -14

-126

67

24

-63

102

65

118

-37

74 70 91

38

178

51

149

53

185

134

-$250

-$200

-$150

-$100

-$50

$0

$50

$100

$150

$200

$250

$300

1 2 3 4 1 2 3 4 1 2 3 4 1 234 1 2 3 4 1 2 3 4 1 2 3 4 1 2 3 4 1 2

2007 2008 2009 2010 2011 2012 2013 2014 2015
FDIC Quarterly 4 2015, Volume 9, No. 3

Only One Bank Failure in the Quarter

The number of insured commercial banks and savings 

institutions reporting quarterly financial results in the 

second quarter fell to 6,348 from 6,419 reporters in the 

first quarter. During the quarter, 66 institutions were 

merged into other banks, while one insured institution 

failed. This is the first time since fourth quarter 2007 

that there has been only one failure in a quarter. For a 

sixth consecutive quarter, no new charters were added. 

Banks reported 2,042,386 full-time equivalent employees in the second quarter, down from 2,042,688 in the 

first quarter and 2,059,827 in second quarter 2014. The 

number of insured institutions on the FDIC’s “Problem 

List” declined for a 17th consecutive quarter, from 253 

to 228. Total assets of problem institutions fell from 

$60.3 billion to $56.5 billion.

Author: Ross Waldrop, Senior Banking Analyst

Division of Insurance and Research

(202) 898-3951

Chart 7

Balances Due From Federal Reserve Banks

All FDIC-Insured Institutions

Billions of Dollars

Source: FDIC.

$0

$200

$400

$600

$800

$1,000

$1,200

$1,400

$1,600

1234 1 2 341234 1 2 341234 1 2 341234123412

2007 2008 2009 2010 2011 2012 2013 2014 2015

Chart 8

Number and Assets of Banks on the “Problem List”

Assets (Billions of Dollars)

Source: FDIC.

Number 

57

228

$0

$50

$100

$150

$200

$250

$300

$350

$400

$450

$500

2006 2007 2008 2009 2010 2011 2012 2013 2014 2015

0

100

200

300

400

500

600

700

800

900

1,000

Number of Problem Banks

Problem Bank Assets
FDIC Quarterly 5 2015, Volume 9, No. 3

Quarterly Banking Profile

TABLE I-A. Selected Indicators, All FDIC-Insured Institutions* 2015** 2014** 2014 2013 2012 2011 2010

Return on assets (%)������������������������������������������������������������������������������������������������������ 1.06 1.04 1.01 1.07 1.00 0.

Return on equity (%)������������������������������������������������������������������������������������������������������� 9.45 9.25 9.01 9.54 8.91 7.

Core capital (leverage) ratio (%) ������������������������������������������������������������������������������������ 9.53 9.56 9.45 9.40 9.15 9.

Noncurrent assets plus other real estate owned to assets (%) ������������������������������������ 1.04 1.38 1.20 1.63 2.20 2.

Net charge-offs to loans (%) ������������������������������������������������������������������������������������������ 0.43 0.51 0.49 0.69 1.10 1.

Asset growth rate (%) ����������������������������������������������������������������������������������������������������� 3.83 5.29 5.59 1.94 4.03 4.

Net interest margin (%)��������������������������������������������������������������������������������������������������� 3.05 3.16 3.14 3.26 3.42 3.

Net operating income growth (%)����������������������������������������������������������������������������������� 6.85 -0.12 -0.70 12.81 17.78 43.60 1

Number of institutions reporting������������������������������������������������������������������������������������� 6,348 6,656 6,509 6,812 7,083 7,357 7,658

Commercial banks��������������������������������������������������������������������������������������������������� 5,472 5,722 5,605 5,846 6,071 6,274 6,518

Savings institutions ������������������������������������������������������������������������������������������������� 876 934 904 966 1,012 1,083 1,140

Percentage of unprofitable institutions (%)�������������������������������������������������������������������� 5.04 6.76 6.24 8.15 10.98 16.2

Number of problem institutions �������������������������������������������������������������������������������������� 228 354 291 467 651 813 884

Assets of problem institutions (in billions) ��������������������������������������������������������������������� $57 $110 $87 $153 $233 $319 $390

Number of failed institutions������������������������������������������������������������������������������������������� 5 12 18 24 51 92 157

Number of assisted institutions�������������������������������������������������������������������������������������� 0 0 0 0 0 0 0

* Excludes insured branches of foreign banks (IBAs)

** Through June 30, ratios annualized where appropriate. Asset growth rates are for 12 months ending June 3

TABLE II-A. Aggregate Condition and Income Data, All FDIC-Insured Institutions

(dollar figures in millions)  2nd Quarter

2015

1st Quarter

2015

2nd Quarter

2014

%Change 

14Q2-15Q2

Number of institutions reporting������������������������������������������������������������������������������������� 6,348 6,419 6,656 -4.

Total employees (full-time equivalent)��������������������������������������������������������������������������� 2,042,386 2,042,688 2,059,827 -0.

CONDITION DATA

Total assets��������������������������������������������������������������������������������������������������������������������� $15,753,305 $15,778,034 $15,172,054 3.

Loans secured by real estate���������������������������������������������������������������������������������� 4,261,429 4,204,229 4,123,201 3.

 1-4 Family residential mortgages �������������������������������������������������������������������� 1,880,016 1,855,271 1,843,069 2.

 Nonfarm nonresidential������������������������������������������������������������������������������������ 1,175,728 1,163,419 1,126,785 4.

 Construction and development 255,816 246,097 222,752 14.

 Home equity lines��������������������������������������������������������������������������������������������� 477,911 483,904 499,183 -4.

Commercial & industrial loans �������������������������������������������������������������������������������� 1,798,093 1,748,648 1,660,387 8.

Loans to individuals������������������������������������������������������������������������������������������������� 1,422,713 1,383,937 1,366,163 4.

 Credit cards ������������������������������������������������������������������������������������������������������ 701,190 679,967 678,337 3.

Farm loans��������������������������������������������������������������������������������������������������������������� 76,342 71,541 69,620 9.

Other loans & leases����������������������������������������������������������������������������������������������� 990,377 955,638 891,666 11.

Less: Unearned income ������������������������������������������������������������������������������������������ 1,924 1,928 1,855 3.

Total loans & leases ������������������������������������������������������������������������������������������������ 8,547,030 8,362,065 8,109,182 5.

Less: Reserve for losses����������������������������������������������������������������������������������������� 119,643 121,060 128,185 -6.

Net loans and leases����������������������������������������������������������������������������������������������� 8,427,387 8,241,005 7,980,996 5.

Securities����������������������������������������������������������������������������������������������������������������� 3,277,989 3,267,361 3,113,095 5.

Other real estate owned������������������������������������������������������������������������������������������ 17,516 19,338 26,291 -33.

Goodwill and other intangibles ������������������������������������������������������������������������������� 359,979 355,873 365,579 -1.

All other assets�������������������������������������������������������������������������������������������������������� 3,670,434 3,894,456 3,686,093 -0.

Total liabilities and capital ���������������������������������������������������������������������������������������������� 15,753,305 15,778,034 15,172,054 3.

Deposits������������������������������������������������������������������������������������������������������������������� 11,932,441 11,958,285 11,490,260 3.

 Domestic office deposits���������������������������������������������������������������������������������� 10,586,399 10,578,106 10,058,719 5.

 Foreign office deposits������������������������������������������������������������������������������������� 1,346,042 1,380,179 1,431,542 -6.

Other borrowed funds ��������������������������������������������������������������������������������������������� 1,430,673 1,362,966 1,382,281 3.

Subordinated debt��������������������������������������������������������������������������������������������������� 92,571 94,842 97,802 -5.

All other liabilities ���������������������������������������������������������������������������������������������������� 521,934 590,327 486,386 7.

Total equity capital (includes minority interests)���������������������������������������������������� 1,775,686 1,771,606 1,715,325 3.

 Bank equity capital������������������������������������������������������������������������������������������� 1,768,818 1,764,357 1,706,579 3.

Loans and leases 30-89 days past due������������������������������������������������������������������������� 59,152 61,383 65,705 -10.

Noncurrent loans and leases ����������������������������������������������������������������������������������������� 144,693 152,971 181,568 -20.

Restructured loans and leases �������������������������������������������������������������������������������������� 76,794 79,510 94,093 -18.

Mortgage-backed securities ������������������������������������������������������������������������������������������ 1,787,500 1,773,843 1,716,673 4.

Earning assets���������������������������������������������������������������������������������������������������������������� 14,110,660 14,103,044 13,524,196 4.

FHLB Advances�������������������������������������������������������������������������������������������������������������� 473,721 433,045 437,480 8.

Unused loan commitments��������������������������������������������������������������������������������������������� 6,680,902 6,575,712 6,327,481 5.

Trust assets��������������������������������������������������������������������������������������������������������������������� 17,781,023 18,087,191 18,339,532 -3.

Assets securitized and sold ������������������������������������������������������������������������������������������� 873,094 943,846 964,951 -9.

Notional amount of derivatives��������������������������������������������������������������������������������������� 201,004,797 205,900,541 239,219,451 -16.

INCOME DATA

First Half

 2015

First Half

2014 %Change

2nd Quarter 

2015

2nd Quarter 

2014

%Change 

14Q2-15Q2

Total interest income ������������������������������������������������������������������� $236,362 $233,136 1.4 $119,295 $117,431 1

Total interest expense ����������������������������������������������������������������� 23,030 23,860 -3.5 11,454 11,976 -4

Net interest income �������������������������������������������������������������� 213,333 209,276 1.9 107,842 105,454 2

Provision for loan and lease losses �������������������������������������������� 16,475 14,345 14.9 8,113 6,749 20

Total noninterest income������������������������������������������������������������� 127,684 123,616 3.3 65,065 63,832 1

Total noninterest expense ����������������������������������������������������������� 207,082 206,811 0.1 103,792 104,916 -1

Securities gains (losses)������������������������������������������������������������� 2,065 1,596 29.4 756 770 -1

Applicable income taxes ������������������������������������������������������������� 36,294 35,672 1.7 18,469 18,065 2

Extraordinary gains, net�������������������������������������������������������������� -129 -4 N/M -153 -79 N/M

Total net income (includes minority interests)��������������������� 83,102 77,655 7.0 43,135 40,248 7

 Bank net income������������������������������������������������������������ 82,804 77,284 7.1 42,990 40,070 7

Net charge-offs���������������������������������������������������������������������������� 17,950 20,449 -12.2 8,949 10,081 -11

Cash dividends ���������������������������������������������������������������������������� 50,853 41,762 21.8 28,566 21,836 30

Retained earnings ����������������������������������������������������������������������� 31,952 35,522 -10.1 14,424 18,234 -20

Net operating income����������������������������������������������������������� 81,777 76,535 6.9 42,761 39,792 7

N/M - Not Meaningful
FDIC Quarterly 6 2015, Volume 9, No. 3

TABLE III-A. Second Quarter 2015, All FDIC-Insured Institutions

Asset Concentration Groups*

SECOND QUARTER

(The way it is...)

All Insured 

Institutions

Credit 

Card 

Banks

International 

Banks

Agricultural 

Banks

Commercial 

Lenders

Mortgage 

Lenders

Consumer 

Lenders

Other 

Specialized 

<$1 Billion

All Other 

<$1 Billion

All Other 

>$1 Billion

Number of institutions reporting����������������������� 6,348 14 4 1,484 3,145 545 55 353 682 66

Commercial banks������������������������������������� 5,472 12 4 1,466 2,833 143 40 315 601 58

Savings institutions ����������������������������������� 876 2 0 18 312 402 15 38 81 8

Total assets (in billions)������������������������������������ $15,753.3 $510.3 $3,747.4 $258.3 $5,194.2 $445.4 $178.4 $60.6 $122.

Commercial banks������������������������������������� 14,679.2 407.3 3,747.4 252.7 4,825.4 145.7 88.1 54.2 104

Savings institutions ����������������������������������� 1,074.1 103.1 0.0 5.6 368.8 299.7 90.3 6.4 

Total deposits (in billions)��������������������������������� 11,932.4 283.2 2,651.5 213.2 4,036.7 336.8 149.9 48.6 102

Commercial banks������������������������������������� 11,108.4 209.0 2,651.5 210.0 3,768.5 116.8 73.8 44.0 88

Savings institutions ����������������������������������� 824.0 74.2 0.0 3.2 268.1 219.9 76.1 4.6 

Bank net income (in millions) ��������������������������� 42,990 3,609 8,952 780 12,418 1,027 547 48 314 15,294

Commercial banks������������������������������������� 39,741 2,645 8,952 759 11,479 468 347 -112 257 14,947

Savings institutions ����������������������������������� 3,249 964 0 22 939 559 200 160 57 348

Performance Ratios (annualized, %)

Yield on earning assets������������������������������������ 3.38 10.27 2.61 4.08 3.58 3.20 4.04 2.99

Cost of funding earning assets ������������������������ 0.32 0.92 0.31 0.46 0.37 0.65 0.44 0.34

Net interest margin������������������������������������ 3.06 9.34 2.30 3.62 3.21 2.55 3.60 2.65

Noninterest income to assets��������������������������� 1.65 4.64 1.86 0.67 1.20 0.95 1.58 5.92

Noninterest expense to assets������������������������� 2.64 6.51 2.38 2.52 2.69 2.15 2.71 6.42

Loan and lease loss provision to assets���������� 0.21 2.32 0.15 0.13 0.11 0.01 0.43 0.00

Net operating income to assets ����������������������� 1.09 2.89 0.94 1.19 0.97 0.85 1.21 0.25

Pretax return on assets ������������������������������������ 1.56 4.45 1.35 1.41 1.29 1.31 1.90 2.01

Return on assets����������������������������������������������� 1.09 2.89 0.94 1.21 0.96 0.92 1.22 0.31

Return on equity ����������������������������������������������� 9.74 19.18 9.76 10.60 8.03 8.08 12.07 2.08 

Net charge-offs to loans and leases���������������� 0.42 2.80 0.57 0.12 0.17 0.13 0.58 0.18

Loan and lease loss provision to 

net charge-offs���������������������������������������������� 90.66 108.47 73.82 161.53 95.27 12.19 101.82 -5.05 6

Efficiency ratio �������������������������������������������������� 59.22 48.30 61.01 62.03 65.07 63.63 53.43 76.74 6

% of unprofitable institutions���������������������������� 5.64 0.00 0.00 3.03 5.66 8.62 9.09 9.07

% of institutions with earnings gains���������������� 58.87 85.71 75.00 58.29 63.56 50.64 54.55 44.19 5

Structural Changes

New reporters�������������������������������������������� 0 0 0 0 0 0 0 0 0 0

Institutions absorbed by mergers ������������� 66 0 0 14 45 3 0 0 4 0

Failed institutions �������������������������������������� 1 0 0 0 1 0 0 0 0 0

PRIOR SECOND QUARTERS

(The way it was...)

Return on assets (%)��������������������������������2014 1.07 3.03 0.87 1.20 1.00 0.87 1.08 2.05

��������������������������������������2012 0.99 2.97 0.72 1.27 0.96 0.85 1.82 1.07

��������������������������������������2010 0.63 1.45 1.00 1.03 0.18 0.66 1.26 1.57

Net charge-offs to loans & leases (%) �����2014 0.50 2.96 0.77 0.13 0.27 0.25 0.45 0.28

��������������������������������������2012 1.09 3.91 1.37 0.23 0.75 0.64 1.53 0.55

��������������������������������������2010 2.68 11.59 2.04 0.65 1.97 1.15 2.20 0.60

* See Table V-A (page 10) for explanations

Note: Blue font identifies data that are also presented in the prior quarters’ data at the bottom of the table
FDIC Quarterly 7 2015, Volume 9, No. 3

Quarterly Banking Profile

TABLE III-A. Second Quarter 2015, All FDIC-Insured Institutions 

Asset Size Distribution Geographic Regions*

SECOND QUARTER

(The way it is...)

All Insured 

Institutions

Less Than 

$100 

Million

$100 

Million to 

$1 Billion

$1 Billion 

to 

$10 Billion

Greater 

Than 

$10 Billion New York Atlanta Chicago

Kansas 

City Dallas

San 

Francisco

Number of institutions reporting����������������������������� 6,348 1,799 3,847 591 111 787 788 1,371 1,571 1,338 493

Commercial banks������������������������������������������� 5,472 1,583 3,315 480 94 408 713 1,144 1,506 1,251 450

Savings institutions ����������������������������������������� 876 216 532 111 17 379 75 227 65 87 43

Total assets (in billions)������������������������������������������ $15,753.3 $105.7 $1,203.1 $1,616.8 $12,827.7 $3,063.0 $3,292.1 $3,537.0 $3,405.9 $930

Commercial banks������������������������������������������� 14,679.2 93.5 1,014.7 1,336.8 12,234.3 2,619.9 3,203.2 3,427.4 3,349.9 82

Savings institutions ����������������������������������������� 1,074.1 12.2 188.5 280.0 593.4 443.1 88.8 109.6 56.0 

Total deposits (in billions)��������������������������������������� 11,932.4 88.7 998.9 1,267.3 9,577.5 2,284.4 2,548.8 2,558.0 2,586.5 76

Commercial banks������������������������������������������� 11,108.4 79.2 850.2 1,057.4 9,121.6 1,962.0 2,481.1 2,477.6 2,543.4 

Savings institutions ����������������������������������������� 824.0 9.5 148.7 210.0 455.9 322.4 67.7 80.4 43.1

Bank net income (in millions) ��������������������������������� 42,990 251 2,928 5,234 34,577 7,297 9,023 8,617 10,527 2,667 4,858

Commercial banks������������������������������������������� 39,741 218 2,444 4,552 32,528 6,532 8,821 8,187 10,414 2,289 3,498

Savings institutions ����������������������������������������� 3,249 33 484 683 2,049 766 202 430 113 378 1,360

Performance Ratios (annualized, %)

Yield on earning assets������������������������������������������ 3.38 4.08 4.13 4.13 3.21 3.34 3.63 2.63 3.6

Cost of funding earning assets ������������������������������ 0.32 0.44 0.46 0.40 0.30 0.41 0.27 0.25 0.3

Net interest margin������������������������������������������ 3.06 3.64 3.66 3.73 2.91 2.93 3.36 2.37 3.2

Noninterest income to assets��������������������������������� 1.65 1.28 1.20 1.27 1.74 1.47 1.56 1.87 1.5

Noninterest expense to assets������������������������������� 2.64 3.46 3.23 2.93 2.54 2.57 2.73 2.55 2.4

Loan and lease loss provision to assets���������������� 0.21 0.08 0.10 0.18 0.22 0.25 0.26 0.10 0.1

Net operating income to assets ����������������������������� 1.09 0.93 0.95 1.28 1.07 0.95 1.08 0.96 1.2

Pretax return on assets ������������������������������������������ 1.56 1.10 1.29 1.63 1.58 1.28 1.57 1.33 1.8

Return on assets����������������������������������������������������� 1.09 0.95 0.98 1.31 1.08 0.96 1.10 0.96 1.2

Return on equity ����������������������������������������������������� 9.74 7.58 8.64 11.02 9.69 8.17 8.86 9.61 11.99 

Net charge-offs to loans and leases���������������������� 0.42 0.14 0.14 0.21 0.50 0.49 0.47 0.25 0.5

Loan and lease loss provision to 

net charge-offs���������������������������������������������������� 90.66 106.87 107.22 123.85 87.66 98.29 95.00 89.66 70.60 11

Efficiency ratio �������������������������������������������������������� 59.22 74.80 70.09 61.65 57.67 62.08 59.38 63.67 54.25 

% of unprofitable institutions���������������������������������� 5.64 11.06 3.82 1.52 2.70 6.35 8.63 6.42 3.6

% of institutions with earnings gains���������������������� 58.87 53.64 59.53 70.73 57.66 55.02 58.63 58.42 61.36 

Structural Changes

New reporters�������������������������������������������������� 0 0 0 0 0 0 0 0 0 0 0

Institutions absorbed by mergers ������������������� 66 28 32 6 0 8 6 11 16 17 8

Failed institutions �������������������������������������������� 1 1 0 0 0 0 0 1 0 0 0

PRIOR SECOND QUARTERS

(The way it was...)

Return on assets (%)��������������������������������������2014 1.07 0.85 1.01 1.01 1.08 0.95 0.92 1.05 1.1

��������������������������������������������2012 0.99 0.67 0.80 1.42 0.96 0.85 0.72 0.90 1.0

��������������������������������������������2010 0.63 0.52 0.24 0.12 0.75 0.75 0.15 0.75 0.7

Net charge-offs to loans & leases (%) �����������2014 0.50 0.19 0.23 0.32 0.57 0.75 0.38 0.35 0.6

��������������������������������������������2012 1.09 0.44 0.65 0.76 1.21 1.30 1.11 0.83 1.3

��������������������������������������������2010 2.68 0.71 1.14 1.93 3.08 4.09 2.56 1.91 2.9

* See Table V-A (page 11) for explanations

Note: Blue font identifies data that are also presented in the prior quarters’ data at the bottom of the table
FDIC Quarterly 8 2015, Volume 9, No. 3

TABLE IV-A. First Half 2015, All FDIC-Insured Institutions

Asset Concentration Groups*

FIRST HALF

(The way it is...)

All Insured 

Institutions

Credit 

Card 

Banks

International 

Banks

Agricultural 

Banks

Commercial 

Lenders

Mortgage 

Lenders

Consumer 

Lenders

Other 

Specialized 

<$1 Billion

All Other 

<$1 Billion

All Other 

>$1 Billion

Number of institutions reporting����������������������� 6,348 14 4 1,484 3,145 545 55 353 682 66

Commercial banks������������������������������������� 5,472 12 4 1,466 2,833 143 40 315 601 58

Savings institutions ����������������������������������� 876 2 0 18 312 402 15 38 81 8

Total assets (in billions)������������������������������������ $15,753.3 $510.3 $3,747.4 $258.3 $5,194.2 $445.4 $178.4 $60.6 $122.

Commercial banks������������������������������������� 14,679.2 407.3 3,747.4 252.7 4,825.4 145.7 88.1 54.2 104

Savings institutions ����������������������������������� 1,074.1 103.1 0.0 5.6 368.8 299.7 90.3 6.4 

Total deposits (in billions)��������������������������������� 11,932.4 283.2 2,651.5 213.2 4,036.7 336.8 149.9 48.6 102

Commercial banks������������������������������������� 11,108.4 209.0 2,651.5 210.0 3,768.5 116.8 73.8 44.0 88

Savings institutions ����������������������������������� 824.0 74.2 0.0 3.2 268.1 219.9 76.1 4.6 

Bank net income (in millions) ��������������������������� 82,804 7,287 17,589 1,536 23,732 1,897 1,028 337 609 28,789

Commercial banks������������������������������������� 76,647 5,436 17,589 1,490 22,025 870 605 42 505 28,086

Savings institutions ����������������������������������� 6,157 1,851 0 46 1,707 1,027 423 295 104 704

Performance Ratios (annualized, %)

Yield on earning assets������������������������������������ 3.37 10.35 2.60 4.03 3.59 3.24 4.01 2.99

Cost of funding earning assets ������������������������ 0.33 0.90 0.32 0.46 0.38 0.66 0.45 0.34

Net interest margin������������������������������������ 3.05 9.45 2.29 3.57 3.21 2.58 3.57 2.64

Noninterest income to assets��������������������������� 1.63 4.53 1.85 0.65 1.19 0.95 1.44 5.76

Noninterest expense to assets������������������������� 2.64 6.37 2.39 2.51 2.70 2.17 2.63 5.93

Loan and lease loss provision to assets���������� 0.21 2.33 0.15 0.10 0.11 0.03 0.44 0.02

Net operating income to assets ����������������������� 1.04 2.94 0.91 1.16 0.92 0.80 1.14 1.04

Pretax return on assets ������������������������������������ 1.52 4.55 1.32 1.39 1.29 1.27 1.81 2.30

Return on assets����������������������������������������������� 1.06 2.95 0.92 1.19 0.93 0.86 1.15 1.11

Return on equity ����������������������������������������������� 9.45 19.55 9.65 10.51 7.76 7.43 11.47 7.33

Net charge-offs to loans and leases���������������� 0.43 2.78 0.59 0.07 0.16 0.14 0.59 0.16

Loan and lease loss provision to 

net charge-offs���������������������������������������������� 91.78 107.77 73.60 226.77 102.25 32.58 103.79 46.49 8

Efficiency ratio �������������������������������������������������� 59.89 47.39 61.62 62.73 65.45 63.71 53.43 71.98 6

% of unprofitable institutions���������������������������� 5.04 0.00 0.00 2.36 5.31 8.26 5.45 7.65

% of institutions with earnings gains���������������� 63.19 71.43 100.00 63.14 68.14 53.39 60.00 48.73 5

Condition Ratios (%)

Earning assets to total assets �������������������������� 89.57 92.27 87.47 93.05 90.47 94.48 95.63 91.59 9

Loss allowance to:

Loans and leases �������������������������������������� 1.40 3.21 1.69 1.44 1.20 1.06 1.11 1.79

Noncurrent loans and leases �������������������� 82.69 331.40 86.28 151.99 108.13 39.04 84.06 111.32 9

Noncurrent assets plus

other real estate owned to assets ���������������� 1.04 0.74 0.75 0.80 0.96 1.94 1.03 0.69

Equity capital ratio�������������������������������������������� 11.23 14.83 9.78 11.40 11.96 11.52 10.26 15.10 1

Core capital (leverage) ratio ���������������������������� 9.53 12.54 8.49 10.68 10.27 11.25 10.21 14.25 

Common equity tier 1 capital ratio ������������������ 12.67 12.63 12.55 14.66 12.45 22.57 13.57 31.75 1

Tier 1 risk-based capital ratio��������������������������� 12.76 12.75 12.58 14.67 12.65 22.63 13.80 31.76 1

Total risk-based capital ratio ���������������������������� 14.24 15.21 13.88 15.79 14.12 23.54 14.66 32.74 2

Net loans and leases to deposits��������������������� 70.63 133.19 50.16 77.47 86.32 81.05 86.96 33.66 6

Net loans to total assets ���������������������������������� 53.50 73.92 35.49 63.94 67.08 61.28 73.10 26.99 5

Domestic deposits to total assets �������������������� 67.20 54.92 45.64 82.53 77.08 75.60 84.06 79.41 8

Structural Changes

New reporters�������������������������������������������� 0 0 0 0 0 0 0 0 0 0

Institutions absorbed by mergers ������������� 152 0 0 23 109 4 0 1 13 2

Failed institutions �������������������������������������� 5 0 0 0 4 0 0 0 1 0

PRIOR FIRST HALVES

(The way it was...)

Number of institutions ������������������������������2014 6,656 16 4 1,493 3,300 569 56 391 765 62

��������������������������������������2012 7,245 18 5 1,542 3,636 712 50 402 815 65

��������������������������������������2010 7,830 21 4 1,579 4,267 744 84 293 776 62

Total assets (in billions)����������������������������2014 $15,172.1 $601.2 $3,802.2 $250.6 $5,059.4 $458.5 $212.7 $63.1 $138.

��������������������������������������2012 14,030.8 567.7 3,710.9 220.4 4,161.1 823.9 96.9 64.5 144

��������������������������������������2010 13,199.5 698.2 3,059.4 189.0 4,357.9 794.5 97.1 38.1 124

Return on assets (%)��������������������������������2014 1.04 3.25 0.82 1.15 0.98 0.82 1.06 1.96

��������������������������������������2012 0.99 3.14 0.76 1.27 0.90 0.84 1.81 1.18

��������������������������������������2010 0.59 1.14 0.87 1.00 0.20 0.72 1.37 1.46

Net charge-offs to loans & leases (%) �����2014 0.51 2.98 0.74 0.10 0.27 0.26 0.50 0.21

��������������������������������������2012 1.12 3.95 1.43 0.20 0.76 0.80 1.54 0.37

��������������������������������������2010 2.78 13.44 2.40 0.53 1.89 1.19 2.39 0.55

Noncurrent assets plus 

OREO to assets (%)������������������������������2014 1.38 0.78 0.92 0.90 1.42 2.10 0.89 0.84

��������������������������������������2012 2.40 1.12 1.47 1.33 2.64 2.29 1.34 1.20

��������������������������������������2010 3.33 2.25 2.60 1.71 3.90 3.17 1.05 0.79

Equity capital ratio (%)������������������������������2014 11.25 14.61 9.38 11.26 12.05 11.71 9.83 13.99 1

��������������������������������������2012 11.32 14.75 9.04 11.49 11.91 10.75 9.69 14.67 1

��������������������������������������2010 11.11 14.20 9.27 11.33 10.99 10.02 10.64 18.38 1

* See Table V-A (page 10) for explanations

Note: Blue font identifies data that are also presented in the prior first halves’ data at the bottom of the table
FDIC Quarterly 9 2015, Volume 9, No. 3

Quarterly Banking Profile

TABLE IV-A. First Half 2015, All FDIC-Insured Institutions 

Asset Size Distribution Geographic Regions*

FIRST HALF

(The way it is...)

All Insured 

Institutions

Less Than 

$100 

Million

$100 

Million to 

$1 Billion

$1 Billion 

to 

$10 Billion

Greater 

Than 

$10 Billion New York Atlanta Chicago

Kansas 

City Dallas

San 

Francisco

Number of institutions reporting����������������������������� 6,348 1,799 3,847 591 111 787 788 1,371 1,571 1,338 493

Commercial banks������������������������������������������� 5,472 1,583 3,315 480 94 408 713 1,144 1,506 1,251 450

Savings institutions ����������������������������������������� 876 216 532 111 17 379 75 227 65 87 43

Total assets (in billions)������������������������������������������ $15,753.3 $105.7 $1,203.1 $1,616.8 $12,827.7 $3,063.0 $3,292.1 $3,537.0 $3,405.9 $930

Commercial banks������������������������������������������� 14,679.2 93.5 1,014.7 1,336.8 12,234.3 2,619.9 3,203.2 3,427.4 3,349.9 82

Savings institutions ����������������������������������������� 1,074.1 12.2 188.5 280.0 593.4 443.1 88.8 109.6 56.0 

Total deposits (in billions)��������������������������������������� 11,932.4 88.7 998.9 1,267.3 9,577.5 2,284.4 2,548.8 2,558.0 2,586.5 76

Commercial banks������������������������������������������� 11,108.4 79.2 850.2 1,057.4 9,121.6 1,962.0 2,481.1 2,477.6 2,543.4 

Savings institutions ����������������������������������������� 824.0 9.5 148.7 210.0 455.9 322.4 67.7 80.4 43.1

Bank net income (in millions) ��������������������������������� 82,804 488 5,948 9,370 66,998 13,475 16,947 17,067 20,396 5,066 9,854

Commercial banks������������������������������������������� 76,647 427 5,012 8,098 63,110 11,974 16,605 16,332 20,149 4,345 7,244

Savings institutions ����������������������������������������� 6,157 61 936 1,271 3,888 1,501 342 735 247 722 2,610

Performance Ratios (annualized, %)

Yield on earning assets������������������������������������������ 3.37 4.05 4.11 4.12 3.20 3.37 3.58 2.62 3.5

Cost of funding earning assets ������������������������������ 0.33 0.44 0.46 0.40 0.31 0.41 0.27 0.26 0.3

Net interest margin������������������������������������������ 3.05 3.61 3.64 3.72 2.90 2.96 3.30 2.36 3.2

Noninterest income to assets��������������������������������� 1.63 1.24 1.18 1.22 1.72 1.43 1.55 1.88 1.5

Noninterest expense to assets������������������������������� 2.64 3.42 3.19 2.93 2.55 2.59 2.74 2.56 2.4

Loan and lease loss provision to assets���������������� 0.21 0.08 0.10 0.18 0.23 0.26 0.26 0.10 0.2

Net operating income to assets ����������������������������� 1.04 0.90 0.97 1.16 1.04 0.88 1.01 0.95 1.1

Pretax return on assets ������������������������������������������ 1.52 1.07 1.30 1.57 1.54 1.24 1.51 1.32 1.7

Return on assets����������������������������������������������������� 1.06 0.92 1.00 1.18 1.05 0.90 1.04 0.95 1.2

Return on equity ����������������������������������������������������� 9.45 7.41 8.85 9.99 9.45 7.61 8.37 9.58 11.67

Net charge-offs to loans and leases���������������������� 0.43 0.14 0.13 0.20 0.50 0.48 0.50 0.26 0.5

Loan and lease loss provision to 

net charge-offs���������������������������������������������������� 91.78 99.04 120.74 127.41 88.50 103.33 88.97 85.82 75.92 13

Efficiency ratio �������������������������������������������������������� 59.89 75.09 69.86 62.49 58.43 62.61 60.48 63.99 55.08 

% of unprofitable institutions���������������������������������� 5.04 10.06 3.33 1.35 2.70 6.10 8.25 5.54 2.9

% of institutions with earnings gains���������������������� 63.19 55.48 65.48 73.10 55.86 58.96 61.80 63.82 66.14 

Condition Ratios (%)

Earning assets to total assets ��������������������������������� 89.57 91.99 92.65 91.97 88.96 89.31 88.83 88.76 89.27 

Loss allowance to:

Loans and leases ��������������������������������������������� 1.40 1.51 1.40 1.29 1.42 1.32 1.43 1.48 1.4

Noncurrent loans and leases ��������������������������� 82.69 104.26 113.54 110.32 77.09 102.13 73.85 77.92 66.53 10

Noncurrent assets plus

other real estate owned to assets ����������������������� 1.04 1.35 1.27 1.04 1.01 0.76 1.28 1.00 1.2

Equity capital ratio��������������������������������������������������� 11.23 12.53 11.28 11.84 11.14 11.74 12.36 10.13 10.32 

Core capital (leverage) ratio ����������������������������������� 9.53 12.21 10.94 10.60 9.24 9.67 9.76 8.80 9.03 

Common equity tier 1 capital ratio ������������������������� 12.67 19.91 15.54 13.82 12.21 12.80 12.62 12.42 11.75 

Tier 1 risk-based capital ratio���������������������������������� 12.76 19.97 15.61 13.88 12.31 12.98 12.73 12.46 11.75 

Total risk-based capital ratio ����������������������������������� 14.24 21.08 16.74 14.93 13.88 14.58 14.27 13.52 13.72 

Net loans and leases to deposits���������������������������� 70.63 68.12 78.08 86.33 67.79 69.92 74.62 64.17 68.59 

Net loans to total assets ����������������������������������������� 53.50 57.17 64.83 67.67 50.62 52.15 57.77 46.41 52.09 

Domestic deposits to total assets ��������������������������� 67.20 83.92 82.98 78.02 64.22 66.20 74.79 62.45 57.12 

Structural Changes

New reporters�������������������������������������������������� 0 0 0 0 0 0 0 0 0 0 0

Institutions absorbed by mergers ������������������� 152 52 88 12 0 16 18 31 29 41 17

Failed institutions �������������������������������������������� 5 3 1 1 0 1 2 2 0 0 0

PRIOR FIRST HALVES

(The way it was...)

Number of institutions ������������������������������������2014 6,656 1,975 4,007 565 109 823 837 1,444 1,629 1,398 525

��������������������������������������������2012 7,245 2,341 4,244 553 107 898 929 1,539 1,754 1,524 601

��������������������������������������������2010 7,830 2,746 4,424 555 105 969 1,064 1,619 1,852 1,643 683

Total assets (in billions)����������������������������������2014 $15,172.1 $116.3 $1,234.6 $1,492.9 $12,328.3 $3,047.8 $3,049.5 $3,480.2 $3,310.6 $893

��������������������������������������������2012 14,030.8 135.4 1,274.7 1,425.8 11,195.0 2,877.3 2,934.7 3,192.6 3,000.2 83

��������������������������������������������2010 13,199.5 154.7 1,324.8 1,428.3 10,291.8 2,672.0 2,987.4 2,865.9 1,656.3 78

Return on assets (%)��������������������������������������2014 1.04 0.82 0.96 1.01 1.05 0.98 0.90 0.92 1.1

��������������������������������������������2012 0.99 0.70 0.81 1.24 0.99 0.91 0.78 0.88 1.0

��������������������������������������������2010 0.59 0.54 0.33 0.22 0.68 0.68 0.22 0.64 0.6

Net charge-offs to loans & leases (%) �����������2014 0.51 0.19 0.21 0.29 0.59 0.75 0.42 0.37 0.6

��������������������������������������������2012 1.12 0.39 0.61 0.76 1.26 1.31 1.19 0.87 1.3

��������������������������������������������2010 2.78 0.66 0.99 1.78 3.28 4.10 2.63 2.12 3.1

Noncurrent assets plus 

OREO to assets (%)������������������������������������2014 1.38 1.62 1.61 1.61 1.33 0.98 1.90 1.26 1.6

��������������������������������������������2012 2.40 2.21 2.73 2.87 2.31 1.58 3.63 2.19 2.5

��������������������������������������������2010 3.33 2.38 3.40 3.63 3.29 2.23 4.03 3.22 4.6

Equity capital ratio (%)������������������������������������2014 11.25 12.15 11.09 11.91 11.18 11.91 12.42 9.86 10.41 

��������������������������������������������2012 11.32 11.97 10.90 11.92 11.29 12.34 12.21 9.02 11.04 

��������������������������������������������2010 11.11 12.19 10.21 11.06 11.22 12.29 11.43 9.15 11.55 

* See Table V-A (page 11) for explanations

Note: Blue font identifies data that are also presented in the prior first halves’ data at the bottom of the table
FDIC Quarterly 10 2015, Volume 9, No. 3

TABLE V-A. Loan Performance, All FDIC-Insured Institutions

Asset Concentration Groups*

June 30, 2015 All Insured 

Institutions

Credit 

Card 

Banks

International 

Banks

Agricultural 

Banks

Commercial 

Lenders

Mortgage 

Lenders

Consumer 

Lenders

Other 

Specialized 

<$1 Billion

All Other 

<$1 

Billion

All Other 

>$1 

Billion

Percent of Loans 30-89 Days Past Due

All loans secured by real estate ��������������������������������������� 0.85 0.05 1.18 0.63 0.51 0.86 0.62 1.36

Construction and development��������������������������������� 0.40 0.00 0.84 0.79 0.36 0.66 0.23 1.61

Nonfarm nonresidential��������������������������������������������� 0.29 0.00 0.31 0.52 0.28 0.36 1.50 0.87

Multifamily residential real estate ����������������������������� 0.15 0.00 0.13 0.27 0.16 0.13 0.81 0.66

Home equity loans����������������������������������������������������� 0.61 0.72 0.90 0.48 0.48 0.61 0.45 0.72

Other 1-4 family residential��������������������������������������� 1.47 0.04 1.80 1.08 0.93 0.95 0.58 1.84

Commercial and industrial loans ������������������������������������� 0.22 0.73 0.16 0.85 0.23 0.52 0.17 0.99

Loans to individuals���������������������������������������������������������� 1.17 1.13 1.20 1.36 1.00 1.04 0.70 1.70

Credit card loans ������������������������������������������������������� 1.07 1.14 1.06 0.78 0.99 1.36 0.63 1.46

Other loans to individuals ����������������������������������������� 1.26 1.09 1.43 1.40 1.00 1.00 0.72 1.73

All other loans and leases (including farm) ��������������������� 0.23 0.00 0.37 0.46 0.16 0.11 0.14 0.56

Total loans and leases������������������������������������������������������ 0.69 1.09 0.77 0.64 0.45 0.80 0.63 1.30

Percent of Loans Noncurrent**

All real estate loans ���������������������������������������������������������� 2.83 0.48 4.38 1.11 1.45 3.03 3.56 1.86

Construction and development.................................. 1.55 0

Nonfarm nonresidential��������������������������������������������� 1.06 0.00 0.69 1.48 0.99 1.40 8.88 2.15

Multifamily residential real estate ����������������������������� 0.34 0.00 0.25 0.65 0.34 0.59 2.60 0.84

Home equity loans����������������������������������������������������� 2.67 0.00 4.41 0.80 1.39 1.93 2.54 0.67

Other 1-4 family residential��������������������������������������� 4.74 0.50 6.75 1.07 2.34 3.39 3.01 1.67

Commercial and industrial loans ������������������������������������� 0.61 0.64 0.55 1.21 0.65 0.84 0.40 1.50

Loans to individuals���������������������������������������������������������� 0.75 1.01 0.97 0.54 0.63 0.53 0.52 0.64

Credit card loans ������������������������������������������������������� 1.00 1.03 0.98 0.19 0.96 1.04 1.08 1.01

Other loans to individuals ����������������������������������������� 0.51 0.51 0.94 0.57 0.61 0.47 0.36 0.60

All other loans and leases (including farm) ��������������������� 0.22 0.00 0.15 0.49 0.28 0.10 3.78 0.36

Total loans and leases������������������������������������������������������ 1.69 0.97 1.95 0.95 1.11 2.73 1.32 1.61

Percent of Loans Charged-Off (net, YTD)

All real estate loans ���������������������������������������������������������� 0.15 0.15 0.27 0.01 0.10 0.12 0.22 0.06

Construction and development��������������������������������� -0.06 0.00 0.00 -0.32 -0.04 0.03 -0.15 -0.25 -

Nonfarm nonresidential��������������������������������������������� 0.08 0.00 0.01 -0.02 0.09 0.04 0.08 0.08

Multifamily residential real estate ����������������������������� 0.00 0.00 0.00 -0.01 0.00 0.00 0.03 0.35

Home equity loans����������������������������������������������������� 0.42 0.00 0.46 0.12 0.28 0.28 0.63 0.13

Other 1-4 family residential��������������������������������������� 0.17 0.16 0.32 0.08 0.12 0.12 0.12 0.08

Commercial and industrial loans ������������������������������������� 0.21 2.13 0.23 0.17 0.17 0.29 0.08 0.11

Loans to individuals���������������������������������������������������������� 1.80 2.86 2.36 0.32 0.68 0.92 0.77 0.59

Credit card loans ������������������������������������������������������� 2.98 2.93 3.22 1.06 3.30 4.11 2.21 2.82

Other loans to individuals ����������������������������������������� 0.63 1.34 0.93 0.26 0.46 0.55 0.36 0.33

All other loans and leases (including farm) ��������������������� 0.07 0.00 0.04 0.00 0.14 0.08 0.03 0.67

Total loans and leases������������������������������������������������������ 0.43 2.78 0.59 0.07 0.16 0.14 0.59 0.16

Loans Outstanding (in billions)

All real estate loans ���������������������������������������������������������� $4,261.4 $0.3 $502.5 $100.5 $2,152.7 $244.3 $29.5 $11.9 $51.

Construction and development��������������������������������� 255.8 0.0 8.2 5.3 180.7 4.9 0.5 0.

Nonfarm nonresidential��������������������������������������������� 1,175.7 0.0 37.8 26.4 832.8 20.4 2.4 4.0 

Multifamily residential real estate ����������������������������� 315.2 0.0 58.5 3.0 207.4 6.1 0.2 0.

Home equity loans����������������������������������������������������� 477.9 0.0 74.1 1.9 197.4 12.7 6.1 0.5

Other 1-4 family residential��������������������������������������� 1,880.0 0.3 266.8 26.1 698.1 199.2 20.3 5.6 

Commercial and industrial loans ������������������������������������� 1,798.1 33.6 289.9 19.9 860.1 7.3 7.3 2.1

Loans to individuals���������������������������������������������������������� 1,422.7 353.7 245.7 6.4 247.4 5.9 90.1 1.7

Credit card loans ������������������������������������������������������� 701.2 337.7 152.3 0.5 18.9 0.6 19.6 0.2

Other loans to individuals ����������������������������������������� 721.5 16.0 93.3 5.9 228.4 5.3 70.5 1.5

All other loans and leases (including farm) ��������������������� 1,066.7 2.2 315.3 40.8 267.6 18.4 5.1 0.9

Total loans and leases (plus unearned income)�������������� 8,549.0 389.7 1,353.4 167.6 3,527.7 275.9 131.9 16.7 68

Memo: Other Real Estate Owned (in millions)

All other real estate owned����������������������������������������������� 17,516.3 0.1 929.1 463.7 10,618.0 1,047.7 97.3 144.4 483

Construction and development��������������������������������� 5,633.2 0.0 3.6 177.2 4,320.2 137.4 15.3 59.6 1

Nonfarm nonresidential��������������������������������������������� 4,460.6 0.0 62.1 151.8 3,210.6 74.7 24.0 41.1 1

Multifamily residential real estate ����������������������������� 314.3 0.0 1.0 16.1 256.2 8.3 0.2 5.

1-4 family residential ������������������������������������������������� 5,228.2 0.1 449.4 80.2 2,526.0 354.4 51.9 35.3 149

Farmland�������������������������������������������������������������������� 224.2 0.0 0.0 38.3 157.9 1.4 0.0 2.

GNMA properties������������������������������������������������������� 1,624.8 0.0 384.0 0.1 147.1 471.5 5.8 0.1

* Asset Concentration Group Definitions (Groups are hierarchical and mutually exclusive):

Credit-card Lenders - Institutions whose credit-card loans plus securitized receivables exceed 50 percent of total assets plus securitized receivables

International Banks - Banks with assets greater than $10 billion and more than 25 percent of total assets in foreign offices

Agricultural Banks - Banks whose agricultural production loans plus real estate loans secured by farmland exceed 25 percent of the total loans and leases

Commercial Lenders - Institutions whose commercial and industrial loans, plus real estate construction and development loans, plus loans secured by commercial real estate properties 

exceed 25 percent of total assets

Mortgage Lenders - Institutions whose residential mortgage loans, plus mortgage-backed securities, exceed 50 percent of total assets

Consumer Lenders - Institutions whose residential mortgage loans, plus credit-card loans, plus other loans to individuals, exceed 50 percent of total assets

Other Specialized < $1 Billion - Institutions with assets less than $1 billion, whose loans and leases are less than 40 percent of total assets

All Other < $1 billion - Institutions with assets less than $1 billion that do not meet any of the definitions above, they have significant lending activity with no identified asset concentrations

All Other > $1 billion - Institutions with assets greater than $1 billion that do not meet any of the definitions above, they have significant lending activity with no identified asset 

concentrations

** Noncurrent loan rates represent the percentage of loans in each category that are past due 90 days or more or that are in nonaccrual status
FDIC Quarterly 11 2015, Volume 9, No. 3

Quarterly Banking Profile

TABLE V-A. Loan Performance, All FDIC-Insured Institutions

Asset Size Distribution Geographic Regions*

June 30, 2015 All Insured 

Institutions

Less Than 

$100 

Million

$100 

Million to 

$1 Billion

$1 Billion 

to 

$10 Billion

Greater 

Than 

$10 Billion New York Atlanta Chicago

Kansas 

City Dallas

San 

Francisco

Percent of Loans 30-89 Days Past Due 

All loans secured by real estate ������������������������������ 0.85 1.20 0.62 0.42 1.01 0.55 1.06 0.88 1.1

Construction and development������������������������ 0.40 1.01 0.62 0.33 0.33 0.39 0.35 0.40 0.4

Nonfarm nonresidential������������������������������������ 0.29 0.92 0.42 0.29 0.23 0.32 0.28 0.33 0.3

Multifamily residential real estate �������������������� 0.15 0.86 0.38 0.13 0.11 0.20 0.10 0.12 0.1

Home equity loans�������������������������������������������� 0.61 0.87 0.47 0.40 0.64 0.45 0.70 0.71 0.6

Other 1-4 family residential������������������������������ 1.47 1.60 0.92 0.67 1.71 0.89 1.79 1.44 2.0

Commercial and industrial loans ���������������������������� 0.22 1.22 0.63 0.36 0.17 0.22 0.21 0.22 0.1

Loans to individuals������������������������������������������������� 1.17 1.78 1.42 1.37 1.15 1.00 1.52 1.06 1.1

Credit card loans ���������������������������������������������� 1.07 3.33 1.52 1.85 1.04 0.85 1.21 0.88 1.1

Other loans to individuals �������������������������������� 1.26 1.76 1.42 1.15 1.26 1.25 1.86 1.12 1.2

All other loans and leases (including farm) ������������ 0.23 0.56 0.38 0.22 0.23 0.10 0.10 0.53 0.2

Total loans and leases��������������������������������������������� 0.69 1.16 0.64 0.47 0.73 0.53 0.84 0.71 0.8

Percent of Loans Noncurrent** 

All real estate loans ������������������������������������������������� 2.83 1.57 1.33 1.29 3.61 1.87 3.55 3.28 4.0

Construction and development������������������������ 1.55 2.21 2.25 1.62 1.22 1.82 2.27 1.35 1.2

Nonfarm nonresidential������������������������������������ 1.06 1.94 1.29 1.06 0.95 1.23 1.01 1.14 1.0

Multifamily residential real estate �������������������� 0.34 0.86 0.73 0.39 0.26 0.26 0.31 0.44 0.3

Home equity loans�������������������������������������������� 2.67 0.73 0.74 0.81 3.02 2.12 3.22 2.74 3.1

Other 1-4 family residential������������������������������ 4.74 1.59 1.39 1.82 5.87 2.81 5.56 5.37 6.9

Commercial and industrial loans ���������������������������� 0.61 1.81 1.21 0.91 0.52 0.58 0.58 0.57 0.6

Loans to individuals������������������������������������������������� 0.75 0.83 0.76 0.71 0.75 0.81 0.77 0.72 0.7

Credit card loans ���������������������������������������������� 1.00 1.24 1.26 1.47 0.98 0.87 1.04 0.89 1.0

Other loans to individuals �������������������������������� 0.51 0.82 0.73 0.37 0.51 0.71 0.48 0.67 0.4

All other loans and leases (including farm) ������������ 0.22 0.73 0.46 1.00 0.16 0.38 0.11 0.16 0.2

Total loans and leases��������������������������������������������� 1.69 1.44 1.23 1.17 1.84 1.29 1.94 1.90 2.2

Percent of Loans Charged-Off (net, YTD) 

All real estate loans ������������������������������������������������� 0.15 0.09 0.08 0.07 0.18 0.12 0.23 0.14 0.1

Construction and development������������������������ -0.06 -0.15 0.05 -0.06 -0.11 0.02 0.07 -0.12 -0.25 

Nonfarm nonresidential������������������������������������ 0.08 0.13 0.07 0.09 0.07 0.14 0.07 0.04 0.0

Multifamily residential real estate �������������������� 0.00 0.14 0.03 0.01 0.00 0.00 0.03 0.02 -0.03 

Home equity loans�������������������������������������������� 0.42 0.02 0.11 0.16 0.47 0.28 0.57 0.38 0.5

Other 1-4 family residential������������������������������ 0.17 0.11 0.11 0.09 0.20 0.12 0.25 0.17 0.2

Commercial and industrial loans ���������������������������� 0.21 0.33 0.24 0.18 0.21 0.19 0.16 0.19 0.2

Loans to individuals������������������������������������������������� 1.80 0.53 0.66 1.56 1.85 1.98 1.84 1.06 2.3

Credit card loans ���������������������������������������������� 2.98 6.55 3.98 3.62 2.95 2.70 2.97 2.90 3.3

Other loans to individuals �������������������������������� 0.63 0.45 0.39 0.61 0.65 0.70 0.65 0.46 1.0

All other loans and leases (including farm) ������������ 0.07 0.00 0.15 0.17 0.06 0.08 0.06 0.10 0.0

Total loans and leases��������������������������������������������� 0.43 0.14 0.13 0.20 0.50 0.48 0.50 0.26 0.5

Loans Outstanding (in billions) 

All real estate loans ������������������������������������������������� $4,261.4 $42.0 $606.6 $791.6 $2,821.3 $869.3 $891.8 $843.1 $841.9 $3

Construction and development������������������������ 255.8 2.4 52.8 68.1 132.5 47.1 53.7 41.5 39.

Nonfarm nonresidential������������������������������������ 1,175.7 10.9 232.3 319.4 613.1 272.2 237.5 184.7 169.8 

Multifamily residential real estate �������������������� 315.2 1.2 32.0 73.5 208.6 112.1 39.2 83.7 27.

Home equity loans�������������������������������������������� 477.9 1.0 26.5 48.0 402.3 90.2 123.9 118.8 96.

Other 1-4 family residential������������������������������ 1,880.0 19.1 218.6 263.1 1,379.1 343.3 427.2 393.4 413.7 

Commercial and industrial loans ���������������������������� 1,798.1 7.4 102.6 177.1 1,511.0 274.1 444.3 370.5 371.1 

Loans to individuals������������������������������������������������� 1,422.7 3.9 32.6 81.7 1,304.5 299.4 362.1 206.8 292.2

Credit card loans ���������������������������������������������� 701.2 0.1 2.4 25.7 673.1 190.3 186.3 49.7 163.

Other loans to individuals �������������������������������� 721.5 3.8 30.3 56.0 631.4 109.1 175.8 157.1 129.2

All other loans and leases (including farm) ������������ 1,066.7 8.1 49.5 58.5 950.6 176.2 231.5 245.7 295.

Total loans and leases (plus unearned income)����� 8,549.0 61.3 791.4 1,108.8 6,587.4 1,619.0 1,929.7 1,666.2 1,800.9 

Memo: Other Real Estate Owned (in millions) 

All other real estate owned�������������������������������������� 17,516.3 538.5 5,386.4 3,786.1 7,805.3 2,376.6 4,676.3 3,464.2 3,474.2 2,34

Construction and development������������������������ 5,633.2 188.6 2,483.8 1,568.1 1,392.8 558.4 1,646.3 792.7 1,173.7 1,

Nonfarm nonresidential������������������������������������ 4,460.6 176.2 1,711.6 1,173.3 1,399.5 608.4 1,077.7 936.7 753.5 

Multifamily residential real estate �������������������� 314.3 21.9 127.0 85.8 79.5 99.6 41.3 64.6 43.

1-4 family residential ���������������������������������������� 5,228.2 143.2 948.8 856.5 3,279.7 1,063.1 1,336.2 1,181.0 848.2 

Farmland����������������������������������������������������������� 224.2 8.7 113.4 82.0 20.1 17.6 52.8 45.5 31.

GNMA properties���������������������������������������������� 1,624.8 0.0 1.8 20.4 1,602.6 29.4 522.0 443.8 593.

* Regions:

New York - Connecticut, Delaware, District of Columbia, Maine, Maryland, Massachusetts, New Hampshire, New Jersey, New York, Pennsylvania, Puerto Rico, Rhode Island, Vermont, 

U.S. Virgin Islan

Atlanta - Alabama, Florida, Georgia, North Carolina, South Carolina, Virginia, West Virginia

Chicago - Illinois, Indiana, Kentucky, Michigan, Ohio, Wisconsin

Kansas City - Iowa, Kansas, Minnesota, Missouri, Nebraska, North Dakota, South Dakota

Dallas - Arkansas, Colorado, Louisiana, Mississippi, New Mexico, Oklahoma, Tennessee, Texas

San Francisco - Alaska, Arizona, California, Hawaii, Idaho, Montana, Nevada, Oregon, Pacific Islands, Utah, Washington, Wyoming

** Noncurrent loan rates represent the percentage of loans in each category that are past due 90 days or more or that are in nonaccrual status
FDIC Quarterly 12 2015, Volume 9, No. 3

Table VI-A. Derivatives, All FDIC-Insured Call Report Filers

Asset Size Distribution

(dollar figures in millions;

notional amounts unless otherwise indicated)

2nd 

Quarter 

2015

1st

Quarter 

2015

4th

Quarter 

2014

3rd 

Quarter 

2014

2nd 

Quarter 

2014

% Change 

14Q2-

15Q2

Less 

Than $100 

Million

$100 

Million to 

$1 Billion

$1 Billion 

to $10 

Billion

Greater 

Than 

$10 Billion

ALL DERIVATIVE HOLDERS 

Number of institutions reporting derivatives����������������� 1,425 1,433 1,400 1,392 1,405 1.4 67 848 406 10

Total assets of institutions reporting derivatives ���������� $14,194,185 $14,160,788 $13,921,849 $13,713,845 $13,522,372 5.0 $4,959 $355,165 $1,220,821 $12,613,24

Total deposits of institutions reporting derivatives������� 10,703,292 10,664,389 10,461,458 10,291,809 10,169,199 5.3 4,101 292,015 970,629 9,436,54

Total derivatives������������������������������������������������������������� 201,004,797 205,900,541 221,952,957 243,042,211 239,219,451 -16.0 243 23,899 100,570 200,880,08

Derivative Contracts by Underlying Risk Exposure 

Interest rate�������������������������������������������������������������������� 153,754,332 157,727,753 174,010,307 190,996,275 191,648,032 -19.8 243 23,761 93,969 153,636,35

Foreign exchange*��������������������������������������������������������� 34,969,944 35,563,105 34,745,833 37,993,284 33,394,779 4.7 0 5 5,558 34,964,38

Equity ����������������������������������������������������������������������������� 2,363,902 2,359,532 2,536,871 2,317,271 2,135,462 10.7 0 37 323 2,363,54

Commodity & other (excluding credit derivatives)�������� 1,428,824 1,233,520 1,210,879 1,327,011 1,214,397 17.7 0 8 138 1,428,67

Credit������������������������������������������������������������������������������ 8,487,795 9,016,631 9,449,068 10,408,370 10,826,781 -21.6 0 88 582 8,487,12

Total�������������������������������������������������������������������������������� 201,004,797 205,900,541 221,952,957 243,042,211 239,219,451 -16.0 243 23,899 100,570 200,880,08

Derivative Contracts by Transaction Type 

Swaps ���������������������������������������������������������������������������� 117,508,562 117,711,355 135,169,546 148,331,152 146,514,058 -19.8 43 7,501 57,452 117,443,56

Futures & forwards �������������������������������������������������������� 40,352,518 44,537,336 43,368,437 45,058,920 45,263,688 -10.9 86 8,084 22,307 40,322,04

Purchased options��������������������������������������������������������� 15,937,174 16,070,746 16,388,881 18,040,949 17,320,870 -8.0 18 828 4,780 15,931,54

Written options��������������������������������������������������������������� 15,628,584 15,784,107 16,014,343 17,609,844 16,882,849 -7.4 96 7,393 15,356 15,605,73

Total�������������������������������������������������������������������������������� 189,426,838 194,103,544 210,941,207 229,040,866 225,981,465 -16.2 243 23,807 99,895 189,302,89

Fair Value of Derivative Contracts 

Interest rate contracts���������������������������������������������������� 71,659 68,541 60,023 65,131 72,248 -0.8 1 102 45 71,51

Foreign exchange contracts������������������������������������������ -19,615 -10,042 -4,845 13,334 4,729 N/M 0 0 12 -19,627

Equity contracts������������������������������������������������������������� 2,695 335 3,769 -657 412 554.1 0 0 0 2,69

Commodity & other (excluding credit derivatives)�������� -3,488 -5,755 -3,376 219 965 N/M 0 0 1 -3,490

Credit derivatives as guarantor������������������������������������� 35,841 54,676 47,533 67,082 95,094 -62.3 0 -1 0 35,84

Credit derivatives as beneficiary����������������������������������� -34,672 -53,208 -36,633 -62,731 -90,465 N/M 0 0 -25 -34,647

Derivative Contracts by Maturity** 

Interest rate contracts ����������������������������� < 1 year 63,465,643 68,441,175 71,808,688 79,984,774 81,212,211 -21.9 157 10,227 19,922 63,435,33

 ������������������������������������������ 1-5 years 54,759,983 54,762,223 33,727,025 40,334,338 38,531,826 42.1 26 3,307 26,277 54,730,37

 ������������������������������������������ > 5 years 35,837,509 35,098,993 22,213,586 22,393,371 24,203,418 48.1 38 4,620 28,624 35,804,22

Foreign exchange and gold contracts ���� < 1 year 25,075,066 25,506,806 22,145,398 22,877,893 20,823,569 20.4 0 0 3,962 25,071,10

 ������������������������������������������ 1-5 years 3,859,497 3,917,108 2,586,643 2,459,545 2,435,601 58.5 0 0 117 3,859,38

 ������������������������������������������ > 5 years 1,612,940 1,612,457 969,047 1,021,332 1,016,489 58.7 0 0 0 1,612,94

Equity contracts��������������������������������������� < 1 year 1,567,484 1,471,238 996,137 763,470 698,674 124.4 0 10 35 1,567,43

 ������������������������������������������ 1-5 years 579,711 518,723 351,854 323,010 292,130 98.4 0 10 88 579,61

 ������������������������������������������ > 5 years 162,800 167,889 100,903 77,484 81,116 100.7 0 1 31 162,76

 Commodity & other contracts (including credit 

derivatives, excluding gold contracts) ���� < 1 year 2,358,193 5,553,836 1,298,825 1,407,104 1,454,791 62.1 0 3 95 2,358,09

 ������������������������������������������ 1-5 years 5,329,080 5,891,761 3,623,142 4,045,843 4,091,545 30.2 0 5 37 5,329,03

 ������������������������������������������ > 5 years 428,157 600,199 289,055 321,390 332,178 28.9 0 0 0 428,15

Risk-Based Capital: Credit Equivalent Amount 

Total current exposure to tier 1 capital (%)������������������� 31.6 39.8 28.8 26.0 23.5 0.2 0.3

Total potential future exposure to tier 1 capital (%)������ 54.8 49.8 48.6 53.2 55.1 1.1 0.4

Total exposure (credit equivalent amount) 

to tier 1 capital (%) ����������������������������������������������������� 86.4 89.5 77.4 79.2 78.7 1.2 0.8

Credit losses on derivatives***���������������������������������� 59.9 69.8 91.1 83.2 68.7 -12.8 0.0 0.

HELD FOR TRADING 

Number of institutions reporting derivatives����������������� 249 249 247 244 247 0.8 6 85 93 6

Total assets of institutions reporting derivatives ���������� 11,376,392 11,441,332 11,274,453 11,015,085 10,889,259 4.5 375 38,978 320,294 11,016,74

Total deposits of institutions reporting derivatives������� 8,555,008 8,585,204 8,457,075 8,262,859 8,185,855 4.5 305 32,233 253,514 8,268,95

Derivative Contracts by Underlying Risk Exposure 

Interest rate�������������������������������������������������������������������� 150,988,410 154,706,700 170,761,929 188,011,288 188,587,997 -19.9 26 2,009 21,574 150,964,80

Foreign exchange���������������������������������������������������������� 31,318,657 32,197,481 32,536,107 33,675,874 30,164,255 3.8 0 0 4,208 31,314,44

Equity ����������������������������������������������������������������������������� 2,344,517 2,340,858 2,519,511 2,300,741 2,119,239 10.6 0 0 0 2,344,51

Commodity & other�������������������������������������������������������� 1,426,415 1,227,079 1,205,276 1,320,794 1,206,811 18.2 0 0 31 1,426,38

Total�������������������������������������������������������������������������������� 186,077,998 190,472,118 207,022,823 225,308,697 222,078,302 -16.2 26 2,009 25,813 186,050,15

Trading Revenues: Cash & Derivative Instruments 

Interest rate�������������������������������������������������������������������� 3,402 959 658 -826 2,878 18.2 0 0 16 3,38

Foreign exchange���������������������������������������������������������� 854 4,702 2,902 4,830 2,026 -57.8 0 0 2 85

Equity ����������������������������������������������������������������������������� 584 791 643 652 722 -19.1 0 0 0 58

Commodity & other (including credit derivatives) �������� 660 1,211 255 946 795 -17.0 0 0 0 66

Total trading revenues��������������������������������������������������� 5,501 7,664 4,458 5,602 6,421 -14.3 0 0 18 5,48

Share of Revenue 

Trading revenues to gross revenues (%) ���������������������� 4.5 6.4 3.8 4.7 5.4 0.0 0.

Trading revenues to net operating revenues (%)���������� 18.9 29.4 19.6 23.6 24.6 0.0 0.2

HELD FOR PURPOSES OTHER THAN TRADING 

Number of institutions reporting derivatives����������������� 1,305 1,308 1,277 1,272 1,287 1.4 62 779 366 9

Total assets of institutions reporting derivatives ���������� 13,883,264 13,844,236 13,613,681 13,421,601 13,229,481 4.9 4,666 327,167 1,109,179 12,442,25

Total deposits of institutions reporting derivatives������� 10,454,398 10,410,932 10,218,508 10,062,067 9,938,934 5.2 3,868 268,703 882,826 9,299,00

Derivative Contracts by Underlying 

Risk Exposure 

Interest rate�������������������������������������������������������������������� 2,765,922 3,021,053 3,248,378 2,984,988 3,060,035 -9.6 217 21,752 72,394 2,671,56

Foreign exchange���������������������������������������������������������� 561,123 585,259 647,043 724,435 819,319 -31.5 0 0 1,258 559,86

Equity ����������������������������������������������������������������������������� 19,385 18,674 17,361 16,530 16,223 19.5 0 37 323 19,02

Commodity & other�������������������������������������������������������� 2,409 6,441 5,602 6,216 7,586 -68.2 0 8 107 2,29

Total notional amount ���������������������������������������������������� 3,348,840 3,631,427 3,918,384 3,732,169 3,903,163 -14.2 217 21,797 74,082 3,252,74

All line items are reported on a quarterly basis. N/M - Not Meaningf

* Include spot foreign exchange contracts. All other references to foreign exchange contracts in which notional values or fair values are reported exclude spot foreign exchange contract

** Derivative contracts subject to the risk-based capital requirements for derivatives

*** The reporting of credit losses on derivatives is applicable to all banks filing the FFIEC 031 report form and to those banks filing the FFIEC 041 report form that have $300 million or more 

in total assets
FDIC Quarterly 13 2015, Volume 9, No. 3

Quarterly Banking Profile

TABLE VII-A. Servicing, Securitization, and Asset Sales Activities (All FDIC-Insured Call Report Filers)

Asset Size Distribution

(dollar figures in millions)

2nd 

Quarter 

2015

1st 

Quarter

2015

4th 

Quarter

2014

3rd 

Quarter

2014

2nd 

Quarter

2014

% Change 

14Q2-

15Q2

Less Than 

$100 

Million

$100 

Million to 

$1 Billion

$1 Billion 

to $10 

Billion

Greater 

Than $10 

Billion

Assets Securitized and Sold with Servicing Retained or with 

Recourse or Other Seller-Provided Credit Enhancements 

Number of institutions reporting securitization activities ����������������������������������������� 75 73 78 74 73 2.7 0 22 16 3

Outstanding Principal Balance by Asset Type 

1-4 family residential loans�������������������������������������������������������������������������������� $753,697 $821,870 $847,508 $845,279 $844,190 -10.7 $0 $1,987 $13,279 $738,43

Home equity loans��������������������������������������������������������������������������������������������� 33 35 36 38 39 -15.4 0 0 0 3

Credit card receivables�������������������������������������������������������������������������������������� 17,766 17,817 18,499 16,782 16,692 6.4 0 0 1 17,76

Auto loans ���������������������������������������������������������������������������������������������������������� 5,660 3,740 3,951 4,198 4,312 31.3 0 0 1,730 3,93

Other consumer loans ��������������������������������������������������������������������������������������� 6,534 5,966 6,191 6,425 4,945 32.1 0 106 0 6,42

Commercial and industrial loans����������������������������������������������������������������������� 20 19 11 10 17 17.6 0 14 5 

All other loans, leases, and other assets���������������������������������������������������������� 89,384 94,400 96,257 95,099 94,757 -5.7 0 111 8,441 80,83

Total securitized and sold������������������������������������������������������������������������������������������ 873,094 943,846 972,452 967,831 964,951 -9.5 0 2,218 23,457 847,42

Maximum Credit Exposure by Asset Type 

1-4 family residential loans�������������������������������������������������������������������������������� 3,101 3,117 2,918 2,806 2,908 6.6 0 5 0 3,09

Home equity loans��������������������������������������������������������������������������������������������� 0 0 0 0 0 0.0 0 0 0 

Credit card receivables�������������������������������������������������������������������������������������� 1,470 1,531 1,529 1,418 1,450 1.4 0 0 0 1,47

Auto loans ���������������������������������������������������������������������������������������������������������� 0 0 0 0 0 0.0 0 0 0 

Other consumer loans ��������������������������������������������������������������������������������������� 187 211 194 188 192 -2.6 0 0 0 18

Commercial and industrial loans����������������������������������������������������������������������� 0 0 0 0 0 0.0 0 0 0 

All other loans, leases, and other assets���������������������������������������������������������� 1,084 1,405 1,369 1,129 1,416 -23.4 0 0 0 1,08

Total credit exposure ������������������������������������������������������������������������������������������������� 5,842 6,264 6,011 5,541 5,966 -2.1 0 5 0 5,83

Total unused liquidity commitments provided to institution's own securitizations ��� 38 0 17 17 17 123.5 0 0 0 3

Securitized Loans, Leases, and Other Assets 30-89 Days Past Due (%) 

1-4 family residential loans�������������������������������������������������������������������������������� 3.4 3.1 3.9 3.9 3.5 0.0 1.

Home equity loans��������������������������������������������������������������������������������������������� 5.3 5.2 7.5 8.0 9.1 0.0 0.

Credit card receivables�������������������������������������������������������������������������������������� 0.4 0.4 0.7 0.8 0.8 0.0 0.

Auto loans ���������������������������������������������������������������������������������������������������������� 0.9 0.9 0.9 0.7 0.7 0.0 0.

Other consumer loans ��������������������������������������������������������������������������������������� 4.0 4.6 4.9 4.8 5.5 0.0 0.

Commercial and industrial loans����������������������������������������������������������������������� 1.2 0.0 0.0 0.0 0.0 0.0 1.

All other loans, leases, and other assets���������������������������������������������������������� 0.3 0.4 0.3 0.6 0.4 0.0 1.

Total loans, leases, and other assets ����������������������������������������������������������������������� 3.0 2.8 3.5 3.5 3.2 0.0 1.

Securitized Loans, Leases, and Other Assets 90 Days or More Past Due (%) 

1-4 family residential loans�������������������������������������������������������������������������������� 2.1 2.0 2.2 2.2 2.3 0.0 1.

Home equity loans��������������������������������������������������������������������������������������������� 46.5 44.7 43.3 42.0 40.3 0.0 0.0

Credit card receivables�������������������������������������������������������������������������������������� 0.3 0.3 0.5 0.5 0.6 0.0 0.

Auto loans ���������������������������������������������������������������������������������������������������������� 0.1 0.1 0.1 0.1 0.1 0.0 0.

Other consumer loans ��������������������������������������������������������������������������������������� 4.3 5.1 5.3 5.2 6.3 0.0 0.

Commercial and industrial loans����������������������������������������������������������������������� 1.3 1.3 2.4 3.0 2.9 0.0 1.

All other loans, leases, and other assets���������������������������������������������������������� 1.4 1.4 3.3 6.5 9.2 0.0 12.

Total loans, leases, and other assets ����������������������������������������������������������������������� 2.0 2.0 2.3 2.6 2.9 0.0 1.

Securitized Loans, Leases, and Other Assets Charged-off 

(net, YTD, annualized, %) 

1-4 family residential loans�������������������������������������������������������������������������������� 0.2 0.1 0.4 0.3 0.2 0.0 0.

Home equity loans��������������������������������������������������������������������������������������������� 1.8 0.7 1.0 0.1 0.1 0.0 0.

Credit card receivables�������������������������������������������������������������������������������������� 0.8 0.4 1.7 1.5 1.2 0.0 0.

Auto loans ���������������������������������������������������������������������������������������������������������� 0.1 0.1 0.2 0.1 0.1 0.0 0.

Other consumer loans ��������������������������������������������������������������������������������������� 0.3 0.2 0.8 0.6 0.3 0.0 0.

Commercial and industrial loans����������������������������������������������������������������������� 0.0 0.0 0.0 0.0 0.0 0.0 0.

All other loans, leases, and other assets���������������������������������������������������������� 0.3 0.1 0.9 0.6 0.9 0.0 0.

Total loans, leases, and other assets ����������������������������������������������������������������������� 0.2 0.1 0.4 0.3 0.3 0.0 0.

Seller's Interests in Institution's Own Securitizations - Carried as Loans 

Home equity loans��������������������������������������������������������������������������������������������� 0 0 0 0 0 0.0 0 0 0 

Credit card receivables�������������������������������������������������������������������������������������� 10,380 9,983 12,247 12,198 12,905 -19.6 0 0 0 10,38

Commercial and industrial loans����������������������������������������������������������������������� 0 0 0 0 2 -100.0 0 0 0 

Seller's Interests in Institution's Own Securitizations - Carried as Securities 

Home equity loans��������������������������������������������������������������������������������������������� 0 0 0 0 0 0.0 0 0 0 

Credit card receivables�������������������������������������������������������������������������������������� 0 0 0 0 0 0.0 0 0 0 

Commercial and industrial loans����������������������������������������������������������������������� 0 0 0 0 0 0.0 0 0 0 

Assets Sold with Recourse and Not Securitized 

Number of institutions reporting asset sales������������������������������������������������������������ 1,107 1,097 1,103 1,105 1,101 0.5 128 751 177 5

Outstanding Principal Balance by Asset Type 

1-4 family residential loans�������������������������������������������������������������������������������� 39,019 38,877 40,547 40,838 41,944 -7.0 1,057 15,456 9,877 12,62

Home equity, credit card receivables, auto, and other consumer loans ��������� 750 694 712 709 727 3.2 0 10 27 71

Commercial and industrial loans����������������������������������������������������������������������� 80 83 91 52 53 50.9 0 10 69 

All other loans, leases, and other assets���������������������������������������������������������� 74,999 71,382 69,560 66,271 65,112 15.2 0 116 1,187 73,69

Total sold and not securitized������������������������������������������������������������������������������������ 114,847 111,036 110,909 107,869 107,835 6.5 1,057 15,591 11,160 87,03

Maximum Credit Exposure by Asset Type 

1-4 family residential loans�������������������������������������������������������������������������������� 10,478 10,075 9,737 9,850 9,646 8.6 75 2,579 3,919 3,90

Home equity, credit card receivables, auto, and other consumer loans ��������� 144 137 137 140 141 2.1 0 10 3 13

Commercial and industrial loans����������������������������������������������������������������������� 16 19 27 23 24 -33.3 0 10 6 

All other loans, leases, and other assets���������������������������������������������������������� 19,660 18,624 17,954 17,233 16,849 16.7 0 20 70 19,57

Total credit exposure ������������������������������������������������������������������������������������������������� 30,298 28,855 27,855 27,246 26,660 13.6 76 2,618 3,998 23,60

Support for Securitization Facilities Sponsored by Other Institutions 

Number of institutions reporting securitization facilities sponsored by others ������� 110 117 125 132 134 -17.9 9 61 22 1

Total credit exposure ������������������������������������������������������������������������������������������������� 44,649 44,981 44,248 41,590 42,400 5.3 7 164 355 44,12

Total unused liquidity commitments ������������������������������������������������������������������������� 2,005 887 1,150 918 1,122 78.7 0 0 0 2,00

Other

Assets serviced for others*��������������������������������������������������������������������������������������� 0 0 4,360,845 4,412,785 4,461,369 -100.0 0 0 0 

Asset-backed commercial paper conduits 

Credit exposure to conduits sponsored by institutions and others������������������ 12,284 11,736 11,981 10,189 12,129 1.3 4 1 0 12,27

Unused liquidity commitments to conduits sponsored by institutions 

 and others������������������������������������������������������������������������������������������������������� 27,902 28,878 28,924 27,948 28,274 -1.3 0 0 577 27,32

Net servicing income (for the quarter)���������������������������������������������������������������������� 4,547 1,600 1,197 2,886 2,773 64.0 8 208 200 4,13

Net securitization income (for the quarter)��������������������������������������������������������������� 325 298 340 385 318 2.2 0 6 4 31

Total credit exposure to Tier 1 capital (%)** ������������������������������������������������������������� 5.5 5.5 5.5 5.3 5.4 0.6 2.

* The amount of financial assets serviced for others, other than closed-end 1-4 family residential mortgages, is reported when these assets are greater than $10 million

** Total credit exposure includes the sum of the three line items titled “Total credit exposure” reported above
FDIC Quarterly 15 2015, Volume 9, No. 3

Quarterly Banking Profile

COMMUNITY BANK PERFORMANCE

$0.56 $1.01 -$0.02 $0.63 $1.01 -$0.02 $0.10

+12% +6% -4% +14% +7% -14% +7%

Contributors to the Year-Over-Year Change in Income

FDIC-Insured Community Banks

Billions of Dollars Positive Factor

Negative Factor

Net

Income

Net

Interest

Income

Loan Loss

Provisions

Noninterest

Income

Noninterest

Expense

Realized

Gains on

Securities

Income

Taxes

Source: FDIC. 

-$0.5

$0.0

$0.5

$1.0

$1.5

Chart 1 Chart 2

Net Interest Margin

Percent

Source: FDIC.

3.61 

3.57 

3.15 

3.06 

3.0

3.5

4.0

2007 2008 2009 2010 2011 2012 2013 2014 2015 

Community Banks

All Insured Institutions

Earnings of $5.3 Billion Increased From 

Second Quarter 2014

Aggregate earnings for the 5,881 community banks 

totaled $5.3 billion during second quarter 2015, up 

$555.3 million (11.8 percent) from the year before. 

Community banks grew earnings at almost twice the 

rate of noncommunity banks (6.4 percent). Improvement in earnings at community banks was led by higher 

net interest income and noninterest income, and lower 

provision expense. Close to 60 percent of community 

banks reported higher year-over-year earnings. The 

pretax return on assets was 1.29 percent, up 6 basis 

points from second quarter 2014 but 31 basis points 

below the noncommunity banks’ rate.

Net Operating Revenue Increased 8 Percent From 

the Year-Earlier Quarter

Net operating revenue of $22.3 billion increased 

$1.6 billion (8 percent) from 2014 as a result of higher 

net interest income (up $1 billion, or 6.2 percent) 

and noninterest income (up $631.9 million, or 

14.2 percent). Community banks reported an average 

net interest margin (NIM) of 3.57 percent during the 

second quarter of 2015, down 4 basis points from the 

year before, as average asset yields fell more rapidly than 

average funding costs. NIM at community banks was 

59 basis points above the average for noncommunity 

banks, and 51 basis points above the banking industry 

average. Close to 61 percent of the annual increase in 

noninterest income came from higher loan sales revenue (up $383.5 million, or 47.8 percent).

Community banks are identified based on criteria defined in the FDIC’s Community Banking Study. When comparing 

community bank performance across quarters, prior-quarter dollar amounts are based on community banks designated 

in the current quarter, adjusted for mergers. In contrast, prior-quarter performance ratios are based on community banks 

designated during the prior quarter.

■ Earnings Grew 12 Percent During Second Quarter 2015

■ Average Net Interest Margin of 3.57 Percent Declined From 

Second Quarter 2014

■ Growth in Noninterest Income at Community Banks Outpaces That 

of Industry

■ Loan Balances Rose More Than 8 Percent From the Year Before

■ Noncurrent Rate Reaches the Lowest Level Since Third Quarter 2007
FDIC Quarterly 16 2015, Volume 9, No. 3

Community Banks Increased Holdings of 

Long-Term Assets

Long-term assets represented 34.1 percent of total assets 

for community banks during second quarter 2015, up 

from 33.7 percent in the previous quarter.1 Long-term 

assets at community banks exceeded the 25.8 percent 

held by the banking industry and the 24.5 percent for 

noncommunity banks. For the past 12 out of 15 consecutive quarters, community banks have increased their 

holdings of long-term assets. Meanwhile, long-term 

funding has not grown at the same rate. This imbalance 

may lead to an increase in interest rate risk. A rise in 

short-term interest rates may cause funding costs to rise 

at a faster rate than long-term asset yields, resulting in 

NIM compression.

Noninterest Expense Rose During the 

Current Quarter

Noninterest expense for community banks totaled 

$15.1 billion in the second quarter of 2015, up 

$1 billion (7.1 percent) from the same 2014 quarter. 

While noninterest expense increased for community 

banks, it declined for noncommunity banks (down 

$1.4 billion, or 1.6 percent). Almost two out of every 

three community banks (67 percent) increased their 

noninterest expense from the year earlier. Close to 

65 percent of the annual increase in noninterest 

expense was from higher salary and employee benefits 

1

 Long-term assets are loans and debt securities with remaining 

maturities or repricing intervals of over five years.

(up $648.5 million, or 8.4 percent). Full-time employees 

at community banks totaled 442,041 in second quarter 2015, up 9,881 (2.3 percent) from the year earlier. 

Meanwhile, the number of full-time employees declined 

0.6 percent for noncommunity banks. Average assets 

per employee at community banks were $4.7 million 

during the second quarter 2015, up from $4.5 million in 

second quarter 2014.

Loan Balances Increased From the Previous Quarter 

and the Year Before

Community banks held $1.4 trillion in loan balances 

during the second quarter of 2015, up $36.8 billion 

(2.7 percent) from the previous quarter. All major 

loan categories increased from the first quarter, led 

by nonfarm nonresidential loans (up $8.5 billion, or 

2.1 percent), 1-to-4 family residential mortgages (up 

$6.8 billion, or 1.8 percent), commercial and industrial 

loans (up $5.4 billion, or 2.9 percent), agricultural 

production loans (up $3.6 billion, or 8 percent), and 

construction and development loans (up $3.1 billion, 

or 3.7 percent). The 12-month growth rate in loan 

balances was 8.8 percent, almost twice the rate 

of noncommunity banks (4.8 percent). All major 

loan categories increased from the year earlier, with 

construction and development having the largest 

annual growth rate (14.1 percent).

Change in Loan Balances and Unused Commitments

FDIC-Insured Community Banks

Source: FDIC. 

Billions of Dollars

Loan Balances

Unused

Commitments

Nonfarm

Nonresidential RE

C&I

Loans

1-to-4

Family

Residential RE

C&D

Loans

Agricultural

Production

Loans

Loans to

Individuals

Home

Equity

CRE & C&D C&I

Loans

28.4 

16.1 

22.9 

10.9 

5.4 

3.0 3.6 

14.1 

7.8 8.5 

5.4 

6.8 

3.1 3.6 

1.6 1.0 

6.4 

0.7 

Change 2Q 2015 vs. 2Q 2014 

Change 2Q 2015 vs. 1Q 2015 

Chart 3 Chart 4

Noncurrent Loan Rates for FDIC-Insured Community Banks

Percent of Loan Portfolio Noncurrent

Source: FDIC.

0

2

4

6

8

10

12

14

16

2007 2008 2009 2010 2011 2012 2013 2014 2015 

C&D Loans

Nonfarm Nonresidential RE 

1-to-4 Family RE 

C&I Loans 

Home Equity 

Credit Cards 
FDIC Quarterly 17 2015, Volume 9, No. 3

Quarterly Banking Profile

Community Banks Grew Small Loans to Businesses

Small loans to businesses totaled $298.4 billion in 

the second quarter, up $5.2 billion (1.8 percent) from 

the previous quarter, outperforming noncommunity 

banks (up $2.3 billion, or 0.6 percent).2 More than 

75 percent of the quarterly increase was led by agricultural production loans (up $2.1 billion, or 8.1 percent), 

and commercial and industrial loans (up $1.9 billion, or 

2.1 percent). The year-over-year increase of $9.8 billion 

(3.4 percent) was led by commercial and industrial 

loans (up $4.4 billion, or 4.9 percent), and nonfarm 

nonresidential loans (up $2.7 billion, or 1.8 percent). 

Community banks continued to hold 44 percent of all 

small loans to businesses.

Asset Quality Indicators Continued to Improve

Noncurrent loan and lease balances totaled 

$17.3 billion during the second quarter, down 

$3.3 billion (16 percent) from second quarter 2014. 

Close to 58 percent of community banks reduced their 

noncurrent loan and lease balances from the year-ago 

quarter. The coverage ratio (loan loss reserves relative to noncurrent loans) increased from 96.4 percent 

in second quarter 2014 to 108.6 percent in second 

2

 Small loans to businesses consist of loans to commercial borrowers 

up to $1 million and farm loans up to $500,000.

quarter 2015. The improvement was the result of a 

decline in noncurrent loan balances. The noncurrent 

loan rate was 1.23 percent in second quarter 2015, 

down from 1.32 percent in the previous quarter and 

1.54 percent the year earlier. It remains 55 basis points 

below the noncommunity banks’ rate of 1.78 percent. 

All major loan categories at community banks had 

lower noncurrent loan rates from second quarter 2014, 

with construction and development posting the largest decline (down 121 basis points). The quarterly net 

charge-off rate for community banks was 0.14 percent, 

down 6 basis points from the 2014 quarter. All major 

loan categories had a decline in the net charge-off rate 

from the year before, with construction and development having the largest decline (down 13 basis points).

One Community Bank Failed in the Second Quarter

The number of FDIC-insured community banks totaled 

5,881 at the end of second quarter 2015, down 65 banks 

from the previous quarter. One community bank failed 

during the quarter.

Author: Benjamin Tikvina, Financial Analyst

Division of Insurance and Research

(202) 898-6578
FDIC Quarterly 18 2015, Volume 9, No. 3

TABLE I-B. Selected Indicators, FDIC-Insured Community Banks

2015* 2014* 2014 2013 2012 2011 2010

Return on assets (%)������������������������������������������������������������������������������������������������������ 0.99 0.93 0.93 0.90 0.83 0.

Return on equity (%)������������������������������������������������������������������������������������������������������� 8.90 8.49 8.46 8.28 7.68 5.

Core capital (leverage) ratio (%) ������������������������������������������������������������������������������������ 10.71 10.59 10.57 10.44 10.18 9.

Noncurrent assets plus other real estate owned to assets (%) ������������������������������������ 1.21 1.51 1.34 1.73 2.26 2.

Net charge-offs to loans (%) ������������������������������������������������������������������������������������������ 0.12 0.18 0.21 0.32 0.58 0.

Asset growth rate (%) ����������������������������������������������������������������������������������������������������� 3.20 0.57 2.31 0.33 2.25 1.6

Net interest margin (%)��������������������������������������������������������������������������������������������������� 3.56 3.59 3.61 3.59 3.67 3.

Net operating income growth (%)����������������������������������������������������������������������������������� 9.98 1.22 4.98 14.61 56.25 207.82

Number of institutions reporting������������������������������������������������������������������������������������� 5,881 6,162 6,037 6,306 6,541 6,798 7,014

Percentage of unprofitable institutions (%)�������������������������������������������������������������������� 5.29 6.98 6.39 8.40 11.15 16.3

* Through June 30, ratios annualized where appropriate. Asset growth rates are for 12 months ending June 3

TABLE II-B. Aggregate Condition and Income Data, FDIC-Insured Community Banks

(dollar figures in millions)  2nd Quarter

2015

1st Quarter

2015

2nd Quarter

2014

%Change 

2Q14-2Q15

Number of institutions reporting������������������������������������������������������������������������������������� 5,881 5,946 6,162 -4.

Total employees (full-time equivalent)��������������������������������������������������������������������������� 442,041 439,098 447,512 -1.

CONDITION DATA

Total assets��������������������������������������������������������������������������������������������������������������������� $2,085,064 $2,070,579 $2,020,416 3.

Loans secured by real estate���������������������������������������������������������������������������������� 1,064,908 1,040,167 1,003,597 6.

 1-4 Family residential mortgages �������������������������������������������������������������������� 373,635 361,797 354,000 5.

 Nonfarm nonresidential������������������������������������������������������������������������������������ 407,566 402,196 392,067 4.

 Construction and development������������������������������������������������������������������������ 87,779 85,267 79,527 10.

 Home equity lines��������������������������������������������������������������������������������������������� 50,050 49,366 47,796 4.

Commercial & industrial loans �������������������������������������������������������������������������������� 193,610 190,191 184,741 4.

Loans to individuals������������������������������������������������������������������������������������������������� 60,309 58,875 56,954 5.

 Credit cards ������������������������������������������������������������������������������������������������������ 2,152 1,982 1,817 18.

Farm loans��������������������������������������������������������������������������������������������������������������� 48,758 45,270 43,641 11.

Other loans & leases����������������������������������������������������������������������������������������������� 35,000 33,417 28,566 22.

Less: Unearned income ������������������������������������������������������������������������������������������ 568 553 556 2.

Total loans & leases ������������������������������������������������������������������������������������������������ 1,402,017 1,367,365 1,316,942 6.

Less: Reserve for losses����������������������������������������������������������������������������������������� 18,808 18,935 19,530 -3.

Net loans and leases����������������������������������������������������������������������������������������������� 1,383,209 1,348,431 1,297,412 6.

Securities����������������������������������������������������������������������������������������������������������������� 443,577 445,436 457,932 -3.

Other real estate owned������������������������������������������������������������������������������������������ 7,747 8,380 9,999 -22.

Goodwill and other intangibles ������������������������������������������������������������������������������� 13,584 12,810 12,489 8.

All other assets�������������������������������������������������������������������������������������������������������� 236,948 255,521 242,583 -2.

Total liabilities and capital ���������������������������������������������������������������������������������������������� 2,085,064 2,070,579 2,020,416 3.

Deposits������������������������������������������������������������������������������������������������������������������� 1,708,626 1,708,695 1,662,652 2.

 Domestic office deposits���������������������������������������������������������������������������������� 1,708,188 1,708,215 1,662,430 2.

 Foreign office deposits������������������������������������������������������������������������������������� 438 480 222 96.

 Brokered deposits �������������������������������������������������������������������������������������������� 67,206 65,596 56,219 19.

Estimated insured deposits������������������������������������������������������������������������������������� 1,308,315 1,313,556 1,302,554 0.

Other borrowed funds ��������������������������������������������������������������������������������������������� 127,406 114,748 118,924 7.

Subordinated debt��������������������������������������������������������������������������������������������������� 524 458 420 24.

All other liabilities ���������������������������������������������������������������������������������������������������� 15,632 15,641 14,822 5.

Total equity capital (includes minority interests)���������������������������������������������������� 232,876 231,036 223,598 4.

 Bank equity capital������������������������������������������������������������������������������������������� 232,758 230,918 223,451 4.

Loans and leases 30-89 days past due������������������������������������������������������������������������� 8,196 9,850 8,943 -8.

Noncurrent loans and leases ����������������������������������������������������������������������������������������� 17,318 18,085 20,261 -14.

Restructured loans and leases �������������������������������������������������������������������������������������� 9,926 10,072 11,100 -10.

Mortgage-backed securities ������������������������������������������������������������������������������������������ 189,057 190,950 201,574 -6.

Earning assets���������������������������������������������������������������������������������������������������������������� 1,933,615 1,920,810 1,864,324 3.

FHLB Advances�������������������������������������������������������������������������������������������������������������� 95,897 85,201 87,037 10.

Unused loan commitments��������������������������������������������������������������������������������������������� 281,984 259,657 242,441 16.

Trust assets��������������������������������������������������������������������������������������������������������������������� 247,863 247,271 244,015 1.

Assets securitized and sold ������������������������������������������������������������������������������������������� 14,580 14,136 15,345 -5.

Notional amount of derivatives��������������������������������������������������������������������������������������� 58,250 57,564 48,884 19.

INCOME DATA

First Half

 2015

First Half

 2014 %Change

2nd Quarter 

2015

2nd Quarter 

2014

%Change 

2Q14-2Q15

Total interest income ������������������������������������������������������������������� $38,221 $37,564 1.7 $19,353 $19,009 1

Total interest expense ����������������������������������������������������������������� 4,361 4,557 -4.3 2,189 2,275 -3

Net interest income �������������������������������������������������������������� 33,861 33,007 2.6 17,165 16,733 2

Provision for loan and lease losses �������������������������������������������� 1,125 1,129 -0.4 581 599 -2

Total noninterest income������������������������������������������������������������� 9,899 8,752 13.1 5,094 4,551 11

Total noninterest expense����������������������������������������������������������� 29,847 29,023 2.8 15,131 14,629 3

Securities gains (losses)������������������������������������������������������������� 358 279 28.6 117 139 -16

Applicable income taxes ������������������������������������������������������������� 2,956 2,660 11.1 1,404 1,370 2

Extraordinary gains, net�������������������������������������������������������������� 25 8 219.3 22 4 488

Total net income (includes minority interests)��������������������� 10,215 9,233 10.6 5,282 4,830 9

 Bank net income������������������������������������������������������������ 10,199 9,223 10.6 5,275 4,824 9

Net charge-offs���������������������������������������������������������������������������� 848 1,182 -28.3 495 643 -23

Cash dividends ���������������������������������������������������������������������������� 4,673 4,378 6.7 2,482 2,321 6

Retained earnings ����������������������������������������������������������������������� 5,526 4,846 14.0 2,793 2,503 11

Net operating income����������������������������������������������������������� 9,909 9,009 10.0 5,166 4,717 9
FDIC Quarterly 19 2015, Volume 9, No. 3

Quarterly Banking Profile

TABLE II-B. Aggregate Condition and Income Data, FDIC-Insured Community Banks

Prior Periods Adjusted for Mergers

(dollar figures in millions)  2nd Quarter

2015

1st Quarter

2015

2nd Quarter

2014

%Change 

2Q14-2Q15

Number of institutions reporting������������������������������������������������������������������������������������� 5,881 5,881 5,881 0.

Total employees (full-time equivalent)��������������������������������������������������������������������������� 442,041 438,267 438,615 0.

CONDITION DATA

Total assets��������������������������������������������������������������������������������������������������������������������� $2,085,064 $2,069,371 $1,978,461 5.

Loans secured by real estate���������������������������������������������������������������������������������� 1,064,908 1,040,610 982,022 8.

 1-4 Family residential mortgages �������������������������������������������������������������������� 373,635 366,881 350,735 6.

 Nonfarm nonresidential������������������������������������������������������������������������������������ 407,566 399,032 379,175 7.

 Construction and development������������������������������������������������������������������������ 87,779 84,660 76,928 14.

 Home equity lines��������������������������������������������������������������������������������������������� 50,050 49,001 46,437 7.

Commercial & industrial loans �������������������������������������������������������������������������������� 193,610 188,245 177,552 9.

Loans to individuals������������������������������������������������������������������������������������������������� 60,309 58,676 57,336 5.

 Credit cards ������������������������������������������������������������������������������������������������������ 2,152 2,111 2,161 -0.

Farm loans��������������������������������������������������������������������������������������������������������������� 48,758 45,147 43,383 12.

Other loans & leases����������������������������������������������������������������������������������������������� 35,000 33,104 29,274 19.

Less: Unearned income ������������������������������������������������������������������������������������������ 568 549 536 5.

Total loans & leases ������������������������������������������������������������������������������������������������ 1,402,017 1,365,233 1,289,030 8.

Less: Reserve for losses����������������������������������������������������������������������������������������� 18,808 18,862 19,175 -1.

Net loans and leases����������������������������������������������������������������������������������������������� 1,383,209 1,346,372 1,269,855 8.

Securities����������������������������������������������������������������������������������������������������������������� 443,577 445,553 449,247 -1.

Other real estate owned������������������������������������������������������������������������������������������ 7,747 8,362 9,986 -22.

Goodwill and other intangibles ������������������������������������������������������������������������������� 13,584 12,763 11,594 17.

All other assets�������������������������������������������������������������������������������������������������������� 236,948 256,321 237,779 -0.

Total liabilities and capital ���������������������������������������������������������������������������������������������� 2,085,064 2,069,371 1,978,461 5.

Deposits������������������������������������������������������������������������������������������������������������������� 1,708,626 1,704,058 1,627,072 5.

 Domestic office deposits���������������������������������������������������������������������������������� 1,708,188 1,703,606 1,626,668 5.

 Foreign office deposits������������������������������������������������������������������������������������� 438 452 404 8.

 Brokered deposits �������������������������������������������������������������������������������������������� 67,206 65,153 58,303 15.

Estimated insured deposits������������������������������������������������������������������������������������� 1,308,315 1,311,494 1,276,875 2.

Other borrowed funds ��������������������������������������������������������������������������������������������� 127,406 117,594 117,527 8.

Subordinated debt��������������������������������������������������������������������������������������������������� 524 438 451 16.

All other liabilities ���������������������������������������������������������������������������������������������������� 15,632 15,778 14,543 7.

Total equity capital (includes minority interests)���������������������������������������������������� 232,876 231,503 218,867 6.

 Bank equity capital������������������������������������������������������������������������������������������� 232,758 231,386 218,752 6.

Loans and leases 30-89 days past due������������������������������������������������������������������������� 8,196 9,842 9,152 -10.

Noncurrent loans and leases ����������������������������������������������������������������������������������������� 17,318 18,157 20,626 -16.

Restructured loans and leases �������������������������������������������������������������������������������������� 9,926 10,037 11,145 -10.

Mortgage-backed securities ������������������������������������������������������������������������������������������ 189,057 191,477 197,783 -4.

Earning assets���������������������������������������������������������������������������������������������������������������� 1,933,615 1,920,052 1,826,640 5.

FHLB Advances�������������������������������������������������������������������������������������������������������������� 95,897 87,941 86,318 11.

Unused loan commitments��������������������������������������������������������������������������������������������� 281,984 275,399 250,804 12.

Trust assets��������������������������������������������������������������������������������������������������������������������� 247,863 246,097 235,315 5.

Assets securitized and sold ������������������������������������������������������������������������������������������� 14,580 14,136 13,085 11.

Notional amount of derivatives��������������������������������������������������������������������������������������� 58,250 57,289 45,097 29.

INCOME DATA

First Half

 2015

First Half

 2014 %Change

2nd Quarter 

2015

2nd Quarter 

2014

%Change 

2Q14-2Q15

Total interest income ������������������������������������������������������������������� $38,221 $36,302 5.3 $19,353 $18,374 5

Total interest expense ����������������������������������������������������������������� 4,361 4,441 -1.8 2,189 2,218 -1

Net interest income �������������������������������������������������������������� 33,861 31,861 6.3 17,165 16,155 6

Provision for loan and lease losses �������������������������������������������� 1,125 1,158 -2.8 581 604 -3

Total noninterest income������������������������������������������������������������� 9,899 8,569 15.5 5,094 4,462 14

Total noninterest expense ����������������������������������������������������������� 29,847 28,030 6.5 15,131 14,122 7

Securities gains (losses)������������������������������������������������������������� 358 276 29.8 117 137 -14

Applicable income taxes ������������������������������������������������������������� 2,956 2,537 16.5 1,404 1,307 7

Extraordinary gains, net�������������������������������������������������������������� 25 8 219.3 22 4 488

Total net income (includes minority interests)��������������������� 10,215 8,988 13.6 5,282 4,726 11

 Bank net income������������������������������������������������������������ 10,199 8,979 13.6 5,275 4,720 11

Net charge-offs���������������������������������������������������������������������������� 848 1,225 -30.8 495 659 -24

Cash dividends ���������������������������������������������������������������������������� 4,673 4,262 9.6 2,482 2,265 9

Retained earnings ����������������������������������������������������������������������� 5,526 4,717 17.1 2,793 2,455 13

Net operating income����������������������������������������������������������� 9,909 8,765 13.0 5,166 4,614 12
FDIC Quarterly 20 2015, Volume 9, No. 3

TABLE III-B. Aggregate Condition and Income Data by Geographic Region, FDIC-Insured Community Banks

Second Quarter 2015

(dollar figures in millions)

Geographic Regions*

All Community Banks New York Atlanta Chicago Kansas City Dallas San Francisco

Number of institutions reporting����������������������������������� 5,881 689 727 1,301 1,515 1,261 388

Total employees (full-time equivalent)������������������������� 442,041 87,841 58,725 93,081 71,432 96,420 34,542

CONDITION DATA

Total assets������������������������������������������������������������������� $2,085,064 $535,817 $257,140 $385,849 $325,013 $409,545 $171,701

Loans secured by real estate�������������������������������� 1,064,908 312,923 139,642 194,172 145,722 185,188 87,260

 1-4 Family residential mortgages ������������������ 373,635 125,162 45,722 71,812 48,294 61,688 20,957

 Nonfarm nonresidential���������������������������������� 407,566 109,905 59,843 70,365 48,190 75,386 43,877

 Construction and development���������������������� 87,779 16,448 15,654 11,659 11,218 25,731 7,069

 Home equity lines������������������������������������������� 50,050 16,509 7,986 11,666 4,464 4,643 4,781

Commercial & industrial loans ������������������������������ 193,610 45,782 20,634 35,776 31,954 42,106 17,357

Loans to individuals����������������������������������������������� 60,309 12,841 7,933 12,150 9,598 13,805 3,983

 Credit cards ���������������������������������������������������� 2,152 468 141 435 464 320 324

Farm loans������������������������������������������������������������� 48,758 529 1,271 7,460 27,418 9,478 2,601

Other loans & leases��������������������������������������������� 35,000 10,772 2,697 6,057 5,336 7,372 2,765

Less: Unearned income ���������������������������������������� 568 156 95 62 31 123 101

Total loans & leases ���������������������������������������������� 1,402,017 382,691 172,083 255,554 219,997 257,826 113,866

Less: Reserve for losses��������������������������������������� 18,808 4,425 2,436 3,702 3,069 3,476 1,700

Net loans and leases��������������������������������������������� 1,383,209 378,266 169,647 251,852 216,928 254,350 112,166

Securities��������������������������������������������������������������� 443,577 101,685 50,331 85,982 71,531 100,457 33,590

Other real estate owned���������������������������������������� 7,747 1,087 2,041 1,591 1,179 1,416 433

Goodwill and other intangibles ����������������������������� 13,584 4,434 1,392 2,189 1,706 2,707 1,156

All other assets������������������������������������������������������ 236,948 50,345 33,728 44,235 33,669 50,616 24,355

Total liabilities and capital �������������������������������������������� 2,085,064 535,817 257,140 385,849 325,013 409,545 171,701

Deposits����������������������������������������������������������������� 1,708,626 422,752 213,738 319,289 265,893 343,831 143,123

 Domestic office deposits�������������������������������� 1,708,188 422,406 213,686 319,272 265,893 343,831 143,100

 Foreign office deposits����������������������������������� 438 345 52 17 0 0 24

 Brokered deposits ������������������������������������������ 67,206 22,606 7,747 11,359 9,888 10,070 5,537

 Estimated insured deposits ��������������������������� 1,308,315 314,878 164,369 259,832 212,380 254,818 102,038

Other borrowed funds ������������������������������������������� 127,406 47,095 13,214 20,457 21,228 18,703 6,708

Subordinated debt������������������������������������������������� 524 308 106 49 4 7 51

All other liabilities �������������������������������������������������� 15,632 5,376 1,733 2,719 1,895 2,435 1,474

Total equity capital (includes minority interests)�� 232,876 60,287 28,348 43,335 35,994 44,568 20,345

 Bank equity capital����������������������������������������� 232,758 60,235 28,330 43,313 35,993 44,543 20,343

Loans and leases 30-89 days past due����������������������� 8,196 2,254 1,158 1,599 1,161 1,682 342

Noncurrent loans and leases ��������������������������������������� 17,318 5,976 2,644 3,350 1,837 2,570 940

Restructured loans and leases ������������������������������������ 9,926 2,582 1,661 2,641 1,145 1,123 774

Mortgage-backed securities ���������������������������������������� 189,057 56,587 21,581 33,602 23,441 37,849 15,997

Earning assets�������������������������������������������������������������� 1,933,615 499,411 235,923 357,276 302,822 378,165 160,017

FHLB Advances������������������������������������������������������������ 95,897 37,562 10,270 14,533 14,970 14,463 4,098

Unused loan commitments������������������������������������������� 281,984 66,664 31,053 48,603 43,943 49,288 42,433

Trust assets������������������������������������������������������������������� 247,863 54,122 9,714 66,028 68,908 40,890 8,201

Assets securitized and sold ����������������������������������������� 14,580 3,200 529 6,106 816 616 3,313

Notional amount of derivatives������������������������������������� 58,250 18,164 8,809 9,096 7,839 9,938 4,405

INCOME DATA

Total interest income ���������������������������������������������������� $19,353 $4,751 $2,442 $3,522 $3,062 $3,950 $1,625

Total interest expense �������������������������������������������������� 2,189 687 277 391 350 363 121

Net interest income ����������������������������������������������� 17,165 4,065 2,166 3,131 2,712 3,587 1,503

Provision for loan and lease losses ����������������������������� 581 219 44 88 84 126 20

Total noninterest income���������������������������������������������� 5,094 951 619 1,248 803 968 506

Total noninterest expense �������������������������������������������� 15,131 3,514 2,063 2,945 2,280 3,030 1,301

Securities gains (losses)���������������������������������������������� 117 47 9 24 15 18 4

Applicable income taxes ���������������������������������������������� 1,404 423 136 232 184 217 212

Extraordinary gains, net����������������������������������������������� 22 0 22 0 0 0 0

Total net income (includes minority interests)������ 5,282 907 572 1,138 983 1,201 480

 Bank net income��������������������������������������������� 5,275 905 570 1,136 983 1,200 480

Net charge-offs������������������������������������������������������������� 495 196 62 91 53 87 6

Cash dividends ������������������������������������������������������������� 2,482 249 198 559 610 616 249

Retained earnings �������������������������������������������������������� 2,793 656 372 577 373 584 231

Net operating income�������������������������������������������� 5,166 872 543 1,119 969 1,186 477

* See Table V-A (page 11) for explanations
FDIC Quarterly 21 2015, Volume 9, No. 3

Quarterly Banking Profile

Table IV-B. Second Quarter 2015, FDIC-Insured Community Banks

All Community Banks Second Quarter 2015, Geographic Regions*

 2nd Quarter 

2015

1st Quarter 

2015 New York Atlanta Chicago Kansas City Dallas San Francisco

Performance ratios (annualized, %)

Yield on earning assets�������������������������������������������������� 4.03 4.00 3.85 4.17 3.95 4.05 4

Cost of funding earning assets �������������������������������������� 0.46 0.46 0.56 0.47 0.44 0.46 0

Net interest margin�������������������������������������������������� 3.57 3.54 3.30 3.70 3.51 3.58 3

Noninterest income to assets����������������������������������������� 0.98 0.91 0.72 0.97 1.30 0.99 0

Noninterest expense to assets��������������������������������������� 2.92 2.89 2.66 3.23 3.06 2.81 2

Loan and lease loss provision to assets������������������������ 0.11 0.11 0.17 0.07 0.09 0.10 0

Net operating income to assets ������������������������������������� 1.00 0.92 0.66 0.85 1.16 1.19 1

Pretax return on assets �������������������������������������������������� 1.29 1.25 1.00 1.11 1.42 1.44 1

Return on assets������������������������������������������������������������� 1.02 0.96 0.68 0.89 1.18 1.21 1

Return on equity ������������������������������������������������������������� 9.11 8.62 6.09 8.07 10.52 10.91 10

Net charge-offs to loans and leases������������������������������ 0.14 0.10 0.21 0.15 0.14 0.10 0

Loan and lease loss provision to net charge-offs���������� 117.54 154.63 111.83 72.02 96.65 157.38 144.5

Efficiency ratio ���������������������������������������������������������������� 67.66 68.40 69.71 73.66 66.97 64.51 66.

Net interest income to operating revenue���������������������� 77.11 78.23 81.04 77.78 71.50 77.16 78.

% of unprofitable institutions������������������������������������������ 5.88 5.89 7.26 9.08 6.53 3.70 4

% of institutions with earnings gains������������������������������ 58.61 62.73 54.57 57.77 58.34 61.12 55.

Table V-B. First Half 2015, FDIC-Insured Community Banks

All Community Banks First Half 2015, Geographic Regions*

First Half

 2015

First Half

 2014 New York Atlanta Chicago Kansas City Dallas San Francisco

Performance ratios (%)

Yield on earning assets�������������������������������������������������� 4.02 4.09 3.86 4.18 3.94 4.02 4

Cost of funding earning assets �������������������������������������� 0.46 0.50 0.56 0.48 0.44 0.46 0

Net interest margin�������������������������������������������������� 3.56 3.59 3.30 3.70 3.50 3.56 3

Noninterest income to assets����������������������������������������� 0.96 0.88 0.71 0.96 1.29 0.98 0

Noninterest expense to assets��������������������������������������� 2.91 2.91 2.63 3.23 3.05 2.80 2

Loan and lease loss provision to assets������������������������ 0.11 0.11 0.16 0.09 0.08 0.09 0

Net operating income to assets ������������������������������������� 0.96 0.90 0.67 0.79 1.10 1.16 1

Pretax return on assets �������������������������������������������������� 1.28 1.19 1.05 1.08 1.42 1.43 1

Return on assets������������������������������������������������������������� 0.99 0.93 0.71 0.83 1.12 1.19 1

Return on equity ������������������������������������������������������������� 8.90 8.49 6.36 7.46 10.03 10.78 10

Net charge-offs to loans and leases������������������������������ 0.12 0.18 0.17 0.14 0.14 0.07 0

Loan and lease loss provision to net charge-offs���������� 132.69 95.57 133.71 91.83 92.39 208.24 160.3

Efficiency ratio ���������������������������������������������������������������� 67.86 69.17 69.21 73.82 67.16 64.68 66.

Net interest income to operating revenue���������������������� 77.38 79.04 81.32 78.04 71.55 77.23 79.

% of unprofitable institutions������������������������������������������ 5.29 6.98 6.97 8.80 5.69 3.04 3

% of institutions with earnings gains������������������������������ 63.08 55.99 58.93 61.62 63.72 65.81 60.

* See Table V-A (page 11) for explanations
FDIC Quarterly 22 2015, Volume 9, No. 3

Table VI-B. Loan Performance, FDIC-Insured Community Banks

June 30, 2015

Geographic Regions*

All Community Banks New York Atlanta Chicago Kansas City Dallas San Francisco

Percent of Loans 30-89 Days Past Due

All loans secured by real estate ������������������������������������������� 0.55 0.53 0.67 0.63 0.51 0.

Construction and development������������������������������������� 0.54 0.42 0.70 0.62 0.58 0.

Nonfarm nonresidential������������������������������������������������� 0.38 0.40 0.46 0.41 0.34 0.

Multifamily residential real estate ��������������������������������� 0.21 0.16 0.21 0.40 0.28 0.

Home equity loans��������������������������������������������������������� 0.43 0.46 0.42 0.50 0.34 0.

Other 1-4 family residential������������������������������������������� 0.86 0.79 1.03 0.96 0.74 0.

Commercial and industrial loans ����������������������������������������� 0.51 0.39 0.56 0.55 0.58 0.

Loans to individuals�������������������������������������������������������������� 1.64 2.88 1.29 1.03 0.98 1.

Credit card loans ����������������������������������������������������������� 1.64 2.19 1.29 1.04 2.70 1.

Other loans to individuals ��������������������������������������������� 1.63 2.90 1.29 1.03 0.89 1.

All other loans and leases (including farm) ������������������������� 0.38 0.45 0.31 0.39 0.44 0.

Total loans and leases���������������������������������������������������������� 0.58 0.59 0.67 0.63 0.53 0.

Percent of Loans Noncurrent**

All loans secured by real estate ������������������������������������������� 1.33 1.57 1.66 1.47 0.91 1.

Construction and development������������������������������������� 2.14 2.34 3.77 2.40 1.81 1.

Nonfarm nonresidential������������������������������������������������� 1.20 1.41 1.46 1.37 1.03 0.

Multifamily residential real estate ��������������������������������� 0.45 0.25 0.87 0.93 0.28 0.

Home equity loans��������������������������������������������������������� 0.80 0.94 0.72 0.86 0.41 0.

Other 1-4 family residential������������������������������������������� 1.59 2.09 1.45 1.71 0.95 1.

Commercial and industrial loans ����������������������������������������� 1.02 1.04 1.07 1.06 1.01 1.

Loans to individuals�������������������������������������������������������������� 0.64 0.77 0.91 0.43 0.44 0.

Credit card loans ����������������������������������������������������������� 0.88 1.17 0.49 0.81 1.06 0.

Other loans to individuals ��������������������������������������������� 0.63 0.75 0.91 0.41 0.41 0.

All other loans and leases (including farm) ������������������������� 1.00 4.33 0.64 0.41 0.47 0.

Total loans and leases���������������������������������������������������������� 1.24 1.56 1.54 1.31 0.84 1.

Percent of Loans Charged-Off (net, YTD)

All loans secured by real estate ������������������������������������������� 0.08 0.13 0.11 0.10 0.02 0.0

Construction and development������������������������������������� 0.02 0.19 0.15 0.08 -0.32 0.0

Nonfarm nonresidential������������������������������������������������� 0.09 0.19 0.12 0.07 0.06 0.0

Multifamily residential real estate ��������������������������������� 0.03 0.02 0.09 0.05 -0.01 0.

Home equity loans��������������������������������������������������������� 0.13 0.15 0.11 0.21 0.08 0.0

Other 1-4 family residential������������������������������������������� 0.10 0.10 0.09 0.15 0.06 0.0

Commercial and industrial loans ����������������������������������������� 0.19 0.24 0.15 0.20 0.12 0.

Loans to individuals�������������������������������������������������������������� 0.69 0.86 0.56 0.52 0.64 0.

Credit card loans ����������������������������������������������������������� 4.24 4.13 1.18 3.75 9.38 1.

Other loans to individuals ��������������������������������������������� 0.56 0.74 0.55 0.39 0.21 0.

All other loans and leases (including farm) ������������������������� 0.13 0.15 0.18 0.14 0.05 0.

Total loans and leases���������������������������������������������������������� 0.12 0.17 0.14 0.14 0.07 0.

Loans Outstanding (in billions)

All loans secured by real estate ������������������������������������������� $1,064.9 $312.9 $139.6 $194.2 $145.7 $185.

Construction and development������������������������������������� 87.8 16.4 15.7 11.7 11.2 2

Nonfarm nonresidential������������������������������������������������� 407.6 109.9 59.8 70.4 48.2 75

Multifamily residential real estate ��������������������������������� 84.7 43.1 6.2 14.1 7.2 

Home equity loans��������������������������������������������������������� 50.0 16.5 8.0 11.7 4.5 

Other 1-4 family residential������������������������������������������� 373.6 125.2 45.7 71.8 48.3 61

Commercial and industrial loans ����������������������������������������� 193.6 45.8 20.6 35.8 32.0 42

Loans to individuals�������������������������������������������������������������� 60.3 12.8 7.9 12.1 9.6 1

Credit card loans ����������������������������������������������������������� 2.2 0.5 0.1 0.4 0.5 

Other loans to individuals ��������������������������������������������� 58.2 12.4 7.8 11.7 9.1 1

All other loans and leases (including farm) ������������������������� 83.8 11.3 4.0 13.5 32.8 1

Total loans and leases���������������������������������������������������������� 1,402.6 382.8 172.2 255.6 220.0 257.

Memo: Unfunded Commitments (in millions)

Total Unfunded Commitments ��������������������������������������������� 281,984 66,664 31,053 48,603 43,943 49,288 42,433

Construction and development: 1-4 family residential �� 21,537 4,594 3,810 2,345 2,567 6,298 1,923

Construction and development: CRE and other ����������� 50,027 14,875 7,268 7,276 5,595 11,370 3,643

Commercial and industrial �������������������������������������������� 87,352 20,402 9,294 17,742 14,060 16,903 8,951

* See Table V-A (page 11) for explanations

** Noncurrent loan rates represent the percentage of loans in each category that are past due 90 days or more or that are in nonaccrual status
FDIC Quarterly 23 2015, Volume 9, No. 3

Quarterly Banking Profile

Total assets of the 6,348 FDIC-insured commercial 

banks and savings institutions were nearly unchanged, 

declining by $24.7 billion (0.2 percent) from the previous quarter. Total deposits decreased by $25.8 billion 

(0.2 percent), domestic deposits increased by 

$8.3 billion (0.1 percent), and foreign office deposits 

decreased by $34.1 billion (2.5 percent). Domestic 

noninterest-bearing deposits increased by $45.4 billion 

(1.5 percent), savings and interest-bearing checking 

accounts decreased by $35.1 billion (0.6 percent), and 

time deposits decreased by $2 billion (0.1 percent). 

Domestic deposits funded 67.2 percent of industry assets 

at the end of the second quarter. Federal Home Loan 

Bank advances increased by $40.7 billion (9.4 percent), 

with most of the increase coming from borrowings 

maturing in one year or less. Federal funds purchased 

increased by $5.8 billion (22.2 percent) while securities sold under agreements to repurchase decreased by 

$10.1 billion (3.5 percent).

Estimated insured deposits (including U.S. branches 

of foreign banks) increased by only 0.1 percent 

($6.2 billion) during the quarter to $6.4 trillion. Over 

the past four quarters, estimated insured deposits 

increased by 4.1 percent ($248.7 billion). For institutions existing as of March 31, 2015, and June 30, 

2015, insured deposits increased during the quarter at 

2,469 institutions (39 percent), decreased at 3,858 institutions (61 percent), and remained unchanged at 

29 institutions.

The Deposit Insurance Fund (DIF) increased by 

3.5 percent ($2.3 billion) during the second quarter 

to $67.6 billion (unaudited). Assessment income of 

$2.3 billion and a negative provision for insurance 

losses of $317 million were the largest sources of the 

increase. Interest earned and other revenue added 

$116 million to the DIF, while operating expenses 

and unrealized losses on securities reduced the fund 

by $468 million. The DIF’s reserve ratio rose to 

1.06 percent on June 30, 2015, from 1.03 percent at 

March 31, 2015, and 0.84 percent four quarters ago. 

The June 30, 2015, reserve ratio is the highest for the 

DIF since March 31, 2008, when the reserve ratio was 

1.19 percent. One FDIC-insured institution with total 

assets of $90 million failed during the second quarter of 

2015, at an estimated cost to the DIF of $17 million.

Effective April 1, 2011, the deposit insurance assessment base changed to average consolidated total assets 

minus average tangible equity.1 Revisions to insurance 

assessment rates and risk-based pricing rules for large 

banks (banks with assets greater than $10 billion) also 

became effective on that date.2 Table 1 shows the distribution of the assessment base by institution asset size 

category as of the second quarter.

1

 There is an additional adjustment to the assessment base for banker’s banks and custodial banks, as permitted under Dodd-Frank.

2

 The fourth quarter 2010 Quarterly Banking Profile includes a more 

detailed explanation of these changes.

■ DIF Reserve Ratio Rises 3 Basis Points to 1.06 Percent

■ Insured Deposit Growth Was Flat in Second Quarter

■ One Institution Fails During the Second Quarter

INSURANCE FUND INDICATORS

Table 1

Distribution of the Assessment Base for FDIC-Insured Institutions* 

by Asset Size

Data as of June 30, 2015

Asset Size

Number of 

Institutions

Percent of 

Total Institutions

Assessment Base** 

($ Bil.)

Percent of 

Base

Less Than $1 Billion 5,646 88.9 $1,157.9 8.5

$1 - $10 Billion 591 9.3 1,431.5 10.6

$10 - $50 Billion 74 1.2 1,466.6 10.8

$50 - $100 Billion 14 0.2 932.0 6.9

Over $100 Billion 23 0.4 8,566.6 63.2

Total 6,348 100.0 13,554.5 100.0

* Excludes 9 insured U.S. branches of foreign banks reporting a combined assessment base of $49.1 billion.

** Average consolidated total assets minus average tangible equity, with adjustments for banker’s banks and custodial banks.
FDIC Quarterly 24 2015, Volume 9, No. 3

Dodd-Frank requires that, for at least five years, the 

FDIC must make available to the public the reserve 

ratio and the Designated Reserve Ratio (DRR) using 

both estimated insured deposits and the new assessment base. As of June 30, 2015, the FDIC reserve ratio 

would have been 0.50 percent using the new assessment 

base (compared to 1.06 percent using estimated insured 

deposits), and the 2 percent DRR using estimated 

insured deposits would have been 0.93 percent using 

the new assessment base.

Author: Kevin Brown, Senior Financial Analyst

Division of Insurance and Research

(202) 898-6817
FDIC Quarterly 25 2015, Volume 9, No. 3

Quarterly Banking Profile

DIF Reserve Ratios

Percent of Insured Deposits

0.64 0.68

0.79 0.80 0.84

0.89

1.03

0.32 0.35

0.45

0.60

1.01

1.06

6/12 9/12 12/12 3/13 6/13 9/13 12/13 3/14 6/14 9/14 12/14 3/15 6/15

Table I-C. Insurance Fund Balances and Selected Indicators

(dollar figures in millions)

Deposit Insurance Fund*

2nd 

Quarter 

2015

1st 

Quarter 

2015

4th 

Quarter 

2014

3rd 

Quarter 

2014

2nd 

Quarter 

2014

1st 

Quarter 

2014

4th 

Quarter 

2013

3rd 

Quarter 

2013

2nd 

Quarter 

2013

1st 

Quarter 

2013

4th 

Quarter 

2012

3rd 

Quarter 

2012

2nd 

Quarter 

2012

Beginning Fund Balance ... $65,296 $62,780 $54,320 $51,059 $48,893 $47,191 $40,758 $37,871 $35,742 $32,958 $25,224 $22,693 $15,292

Changes in Fund Balance:

Assessments earned .......... 2,328 2,189 2,030 2,009 2,224 2,393 2,224 2,339 2,526 2,645 2,937 2,833 2,933

Interest earned on 

investment securities ...... 113 60 70 80 87 45 23 34 54 -9 66 -8 81

Realized gain on sale of

investments...................... 0 0 0 0 0 0 302 156 0 0 0 0 0

Operating expenses ........... 434 396 408 406 428 422 436 298 439 436 469 442 407

Provision for insurance 

losses .............................. -317 -426 -6,787 -1,663 -204 348 -4,588 -539 -33 -499 -3,344 -84 -807

All other income, 

net of expenses ............... 3 6 -43 6 6 9 9 46 51 55 1,878 57 4,095

Unrealized gain/(loss) on 

available-for-sale 

securities ......................... -34 231 24 -91 73 25 -277 71 -96 30 -22 7 -108

Total fund balance change ... 2,293 2,516 8,460 3,261 2,166 1,702 6,433 2,887 2,129 2,784 7,734 2,531 7,401

Ending Fund Balance ....... 67,589 65,296 62,780 54,320 51,059 48,893 47,191 40,758 37,871 35,742 32,958 25,224 22,693

Percent change from 

 four quarters earlier ....... 32.37 33.55 33.03 33.27 34.82 36.79 43.19 61.58 66.88 133.73 178.67 

Reserve Ratio (%) ............. 1.06 1.03 1.01 0.89 0.84 0.80 0.79 0.68 0.64 0.60 0

Estimated Insured 

Deposits** .......................... 6,350,878 6,344,650 6,203,594 6,134,428 6,102,158 6,120,778 6,010,853 5,967,558 5,951,124 5,999,614 7,405,043 7,248,466 7,081,206

Percent change from 

 four quarters earlier ....... 4.08 3.66 3.21 2.80 2.54 2.02 -18.83 -17.67 -15.96 -14.67 6

Domestic Deposits ........... 10,629,335 10,616,332 10,408,061 10,213,072 10,099,337 9,962,453 9,825,399 9,631,580 9,424,503 9,454,658 9,474,585 9,084,803 8,937,725

Percent change from 

 four quarters earlier ....... 5.25 6.56 5.93 6.04 7.16 5.37 3.70 6.02 5.45 6.85 7

Assessment Base*** ........ 13,603,595 13,526,063 13,337,980 13,107,287 12,905,394 12,797,180 12,743,864 12,527,522 12,485,749 12,433,319 12,434,981 12,276,147 12,159,353

Percent change from 

 four quarters earlier ....... 5.41 5.70 4.66 4.63 3.36 2.93 2.48 2.05 2.68 2.68 2

Number of Institutions 

Reporting ....................... 6,357 6,428 6,518 6,598 6,665 6,739 6,821 6,900 6,949 7,028 7,092 7,190 7,254

Deposit Insurance Fund Balance 

and Insured Deposits

($ Millions)

DIF 

Balance

DIF-Insured 

Deposits

6/12 $22,693 $7,081,206

9/12 25,224 7,248,466

12/12 32,958 7,405,043

3/13 35,742 5,999,614

6/13 37,871 5,951,124

9/13 40,758 5,967,558

12/13 47,191 6,010,853

3/14 48,893 6,120,778

6/14 51,059 6,102,158

9/14 54,320 6,134,428

12/14 62,780 6,203,594

3/15 65,296 6,344,650

6/15 67,589 6,350,878

Table II-C. Problem Institutions and Failed/Assisted Institutions

(dollar figures in millions) 2015  2014** ** 2014 2013 2012 2011 2010

Problem Institutions

Number of institutions ���������������������������������������������������������������������� 228 354 291 467 651 813 884

Total assets��������������������������������������������������������������������������������������� $56,503 $110,212 $86,712 $152,687 $232,701 $319,432 $390,017

Failed Institutions

Number of institutions ���������������������������������������������������������������������� 5 12 18 24 51 92 157

Total assets*****������������������������������������������������������������������������������� $6,389 $1,571 $2,914 $6,044 $11,617 $34,923 $92,085

Assisted Institutions

Number of institutions ���������������������������������������������������������������������� 0 0 0 0 0 0 0

Total assets��������������������������������������������������������������������������������������� $0 $0 $0 $0 $0 $0 $0

* Quarterly financial statement results are unaudited

** Beginning in the third quarter of 2009, estimates of insured deposits are based on a $250,000 general coverage limit. The Dodd-Frank Wall Street Reform and Consumer Protection Ac

 (Dodd-Frank) temporarily provided unlimited coverage for noninterest-bearing transaction accounts for two years beginning December 31, 2010, and ending December 31, 2012

*** Average consolidated total assets minus tangible equity, with adjustments for banker’s banks and custodial banks

  Through June 30

** *** Total assets are based on final Call Reports submitted by failed institutions
FDIC Quarterly 26 2015, Volume 9, No. 3

Table III-C. Estimated FDIC-Insured Deposits by Type of Institution

(dollar figures in millions) 

June 30, 2015

Number of 

Institutions

Total 

Assets

Domestic 

Deposits*

Est. Insured 

Deposits

Commercial Banks and Savings Institutions

FDIC-Insured Commercial Banks ����������������������������������������������� 5,472 $14,679,237 $9,762,487 $5,648,213

 FDIC-Supervised ������������������������������������������������������������������� 3,629 2,338,296 1,822,120 1,329,009

 OCC-Supervised�������������������������������������������������������������������� 1,027 10,018,816 6,367,213 3,534,470

 Federal Reserve-Supervised������������������������������������������������� 816 2,322,125 1,573,154 784,734

FDIC-Insured Savings Institutions ���������������������������������������������� 876 1,074,068 823,911 673,715

 OCC-Supervised Savings Institutions ����������������������������������� 429 693,183 537,813 443,957

 FDIC-Supervised Savings Institutions����������������������������������� 408 357,332 267,797 214,697

 Federal Reserve-Supervised������������������������������������������������� 39 23,553 18,302 15,061

Total Commercial Banks and Savings Institutions ���������������������� 6,348 15,753,305 10,586,399 6,321,928

Other FDIC-Insured Institutions

U.S. Branches of Foreign Banks ������������������������������������������������� 9 98,105 42,937 28,9

Total FDIC-Insured Institutions���������������������������������������������������� . 6,357 15,851,410 10,629,335 6,350,8

* Excludes $1.3 trillion in foreign office deposits, which are not FDIC insure

Table IV-C. Distribution of Institutions and Assessment Base by Assessment Rate Range

Quarter Ending March 31, 2015 (dollar figures in billions)

Annual Rate in Basis Points

Number of 

Institutions

Percent of Total 

Institutions

Amount of 

Assessment Base*

Percent of Total 

Assessment Base

2.50-5.00 1,572 24.46 $1,592.0 

5.01-7.50 3,039 47.28 10,295.4 

7.51-10.00 1,064 16.55 1,034.7

10.01-15.00 472 7.34 459.8

15.01-20.00 26 0.40 82.9

 20.01-25.00 208 3.24 51.0

 25.01-30.00 2 0.03 0.4

 30.01-35.00 45 0.70 9.8

greater than 35.00 0 0.00 0.0 

* Beginning in the second quarter of 2011, the assessment base was changed to average consolidated total assets minus tangible equity, as 

required by the Dodd-Frank Act
FDIC Quarterly 27 2015, Volume 9, No. 3

Quarterly Banking Profile

The fourth step includes organizations that operate within a 

limited geographic scope. This limitation of scope is used as a 

proxy measure for a bank’s relationship approach to banking. 

Banks that operate within a limited market area have more 

ease in managing relationships at a personal level. Under this 

step, four criteria are applied to each banking organization. 

They include both a minimum and maximum number of total 

banking offices, a maximum level of deposits for any one 

office, and location-based criteria. The limits on the number 

of and deposits per office are gradually adjusted upward over 

time. For banking offices, banks must have more than one 

office, and the maximum number of offices starts at 40 in 1985 

and reaches 75 in 2010. The maximum level of deposits for 

any one office is $1.25 billion in deposits in 1985 and $5 billion in deposits in 2010. The remaining geographic limitations 

are also based on maximums for the number of states (fixed at 

3) and large metropolitan areas (fixed at 2) in which the organization maintains offices. Branch office data are based on the 

most recent data from the annual June 30 Summary of Deposits 

Survey that are available at the time of publication.

Finally, the definition establishes an asset-size limit, also 

adjusted upward over time from $250 million in 1985 to 

$1 billion in 2010, below which the limits on banking activities and geographic scope are waived. This final step acknowledges the fact that most of those small banks that are not 

excluded as specialty banks meet the requirements for banking activities and geographic limits in any event.

Summary of FDIC Research Definition of Community 

Banking Organizations

Community banks are designated at the level of the banking.

(All charters under designated holding companies are considered community banking charters.)

Exclude: Any organization with:

— No loans or no core deposits

— Foreign Assets ≥ 10% of total assets

— More than 50% of assets in certain specialty banks, 

including:

• credit card specialists

• consumer nonbank banks1

• industrial loan companies

• trust companies

• bankers’ banks

Include: All remaining banking organizations with:

— Total assets < indexed size threshold 

2

— Total assets ≥ indexed size threshold, where:

• Loan to assets > 33%

• Core deposits to assets > 50%

• More than 1 office but no more than the indexed 

maximum number of offices.3

1

 Consumer nonbank banks are financial institutions with limited charters that can make commercial loans or take deposits, but not both.

2

 Asset size threshold indexed to equal $250 million in 1985 and 

$1 billion in 2010.

3

 Maximum number of offices indexed to equal 40 in 1985 and 75 

in 2010.

Notes to Users

This publication contains financial data and other information for depository institutions insured by the Federal Deposit 

Insurance Corporation (FDIC). These notes are an integral 

part of this publication and provide information regarding 

the comparability of source data and reporting differences 

over time.

Tables I-A through VIII-A.

The information presented in Tables I-A through V-A of 

the FDIC Quarterly Banking Profile is aggregated for all FDICinsured institutions, both commercial banks and savings institutions. Tables VI-A (Derivatives) and VII-A (Servicing, 

Securitization, and Asset Sales Activities) aggregate information only for insured commercial banks and state-chartered 

savings banks that file quarterly Call Reports. Table VIII-A 

(Trust Services) aggregates Trust asset and income information collected annually from all FDIC-insured institutions. 

Some tables are arrayed by groups of FDIC-insured institutions based on predominant types of asset concentration, 

while other tables aggregate institutions by asset size and 

geographic region. Quarterly and full-year data are provided 

for selected indicators, including aggregate condition and 

income data, performance ratios, condition ratios, and structural changes, as well as past due, noncurrent, and charge-off 

information for loans outstanding and other assets.

Tables I-B through VI-B.

The information presented in Tables I-B through VI-B is 

aggregated for all FDIC-insured commercial banks and savings 

institutions meeting the criteria for community banks that 

were developed for the FDIC’s Community Banking Study, 

published in December, 2012: http://fdic.gov/regulations/

resources/cbi/report/cbi-full.pdf.

The determination of which insured institutions are considered community banks is based on five steps.

The first step in defining a community bank is to aggregate 

all charter-level data reported under each holding company 

into a single banking organization. This aggregation applies 

both to balance-sheet measures and the number and location 

of banking offices. Under the FDIC definition, if the banking 

organization is designated as a community bank, every charter reporting under that organization is also considered a 

community bank when working with data at the charter 

level.

The second step is to exclude any banking organization 

where more than 50 percent of total assets are held in certain 

specialty banking charters, including: credit card specialists, 

consumer nonbank banks, industrial loan companies, trust companies, bankers’ banks, and banks holding 10 percent or more 

of total assets in foreign offices.

Once the specialty organizations are removed, the third step 

involves including organizations that engage in basic banking 

activities as measured by the total loans-to-assets ratio (greater than 33 percent) and the ratio of core deposits to assets 

(greater than 50 percent). Core deposits are defined as nonbrokered deposits in domestic offices. Analysis of the underlying data shows that these thresholds establish meaningful 

levels of basic lending and deposit gathering and still allow 

for a degree of diversity in how individual banks construct 

their balance sheets.
FDIC Quarterly 28 2015, Volume 9, No. 3

income and expenses of group members. Unless indicated 

otherwise, growth rates are not adjusted for mergers or other 

changes in the composition of the community bank subgroup.

All data are collected and presented based on the location of 

each reporting institution’s main office. Reported data may 

include assets and liabilities located outside of the reporting 

institution’s home state. In addition, institutions may relocate 

across state lines or change their charters, resulting in an 

inter-regional or inter-industry migration, e.g., institutions 

can move their home offices between regions, and savings 

institutions can convert to commercial banks or commercial 

banks may convert to savings institutions.

ACCOUNTING CHANGES

Extraordinary Items

In January 2015, the FASB issued ASU No. 2015-01, 

“Simplifying Income Statement Presentation by Eliminating 

the Concept of Extraordinary Items.” This ASU eliminates 

from U.S. GAAP the concept of extraordinary items. At 

present, ASC Subtopic 225-20, Income Statement – 

Extraordinary and Unusual Items (formerly Accounting 

Principles Board Opinion No. 30, “Reporting the Results of 

Operations”), requires an entity to separately classify, present, 

and disclose extraordinary events and transactions. An event 

or transaction is presumed to be an ordinary and usual activity of the reporting entity unless evidence clearly supports its 

classification as an extraordinary item. If an event or transaction currently meets the criteria for extraordinary classification, an institution must segregate the extraordinary item 

from the results of its ordinary operations and report the 

extraordinary item in its income statement as “Extraordinary 

items and other adjustments, net of income taxes.” 

ASU 2015-01 is effective for fiscal years, and interim periods 

within those fiscal years, beginning after December 15, 2015. 

Thus, for example, institutions with a calendar year fiscal 

year must begin to apply the ASU in their Call Reports for 

March 31, 2016. Early adoption of ASU 2015-01 is permitted 

provided that the guidance is applied from the beginning of 

the fiscal year of adoption. For Call Report purposes, an institution with a calendar year fiscal year must apply the ASU 

prospectively, that is, in general, to events or transactions 

occurring after the date of adoption. However, an institution 

with a fiscal year other than a calendar year may elect to 

apply ASU 2015-01 prospectively or, alternatively, it may 

elect to apply the ASU retrospectively to all prior calendar 

quarters included in the institution’s year-to-date Call Report 

income statement that includes the beginning of the fiscal 

year of adoption. 

After an institution adopts ASU 2015-01, any event or transaction that would have met the criteria for extraordinary classification before the adoption of the ASU should be reported in 

“Other noninterest income,” or “Other noninterest expense,” 

as appropriate, unless the event or transaction would otherwise 

be reportable in the income statement. In addition, consistent 

with ASU 2015-01, the agencies plan to remove reference to 

the term “extraordinary items” from the income in 2016. 

For additional information, institutions should refer to ASU 

2015-01, which is available at http://www.fasb.org/jsp/FASB/

Page/SectionPage&cid=1176156316498. 

• Number of large MSAs with offices ≤ 2

• Number of states with offices ≤ 3

• No single office with deposits > indexed maximum 

branch deposit size.4

Tables I-C through IV-C.

A separate set of tables (Tables I-C through IV-C) provides 

comparative quarterly data related to the Deposit Insurance 

Fund (DIF), problem institutions, failed/assisted institutions, 

estimated FDIC-insured deposits, as well as assessment rate 

information. Depository institutions that are not insured by the 

FDIC through the DIF are not included in the FDIC Quarterly 

Banking Profile. U.S. branches of institutions headquartered in 

foreign countries and non-deposit trust companies are not 

included unless otherwise indicated. Efforts are made to obtain 

financial reports for all active institutions. However, in some 

cases, final financial reports are not available for institutions 

that have closed or converted their charters.

DATA SOURCES

The financial information appearing in this publication is 

obtained primarily from the Federal Financial Institutions 

Examination Council (FFIEC) Consolidated Reports of 

Condition and Income (Call Reports) and the OTS Thrift 

Financial Reports submitted by all FDIC-insured depository 

institutions. (TFR filers began filing Call Reports effective 

with the quarter ending March 31, 2012.) This information is 

stored on and retrieved from the FDIC’s Research 

Information System (RIS) database.

COMPUTATION METHODOLOGY

Parent institutions are required to file consolidated reports, 

while their subsidiary financial institutions are still required 

to file separate reports. Data from subsidiary institution 

reports are included in the Quarterly Banking Profile tables, 

which can lead to double-counting. No adjustments are made 

for any double-counting of subsidiary data. Additionally, 

certain adjustments are made to the OTS Thrift Financial 

Reports to provide closer conformance with the reporting and 

accounting requirements of the FFIEC Call Reports. (TFR 

filers began filing Call Reports effective with the quarter ending March 31, 2012.)

All condition and performance ratios represent weighted 

averages, i.e., the sum of the individual numerator values 

divided by the sum of individual denominator values. All 

asset and liability figures used in calculating performance 

ratios represent average amounts for the period (beginning-ofperiod amount plus end-of-period amount plus any interim 

periods, divided by the total number of periods). For “poolingof-interest” mergers, the assets of the acquired institution(s) 

are included in average assets since the year-to-date income 

includes the results of all merged institutions. No adjustments 

are made for “purchase accounting” mergers. Growth rates 

represent the percentage change over a 12-month period in 

totals for institutions in the base period to totals for institutions in the current period. For the community bank subgroup, growth rates will reflect changes over time in the 

number and identities of institutions designated as community banks, as well as changes in the assets and liabilities, and 

4

 Maximum branch deposit size indexed to equal $1.25 billion in 1985 

and $5 billion in 2010.
FDIC Quarterly 29 2015, Volume 9, No. 3

Quarterly Banking Profile

rately from goodwill, i.e., such existing intangible assets 

should not be combined with goodwill.

A bank or savings association that meets the private company 

definition in U.S. GAAP is permitted, but not required, to 

adopt ASU 2014-18 for Call Report purposes and may choose 

to early adopt the ASU, provided it also adopts the private 

company goodwill accounting alternative. If a private institution issues U.S. GAAP financial statements and adopts ASU 

2014-18, it should apply the ASU’s intangible asset accounting alternative in its Call Report in a manner consistent with 

its reporting of intangible assets in its financial statements.

For additional information on the private company 

accounting alternative for identifiable intangible assets, 

institutions should refer to ASU 2014-18, which is available 

at http://www.fasb.org/jsp/FASB/Page/SectionPage&cid=

1176156316498.

Private Company Accounting Alternatives, Including Accounting 

for Goodwill

In May 2012, the Financial Accounting Foundation, the 

independent private sector organization responsible for the 

oversight of the FASB, approved the establishment of the 

PCC to improve the process of setting accounting standards 

for private companies. The PCC is charged with working 

jointly with the FASB to determine whether and in what 

circumstances to provide alternative recognition, measurement, disclosure, display, effective date, and transition guidance for private companies reporting under U.S. GAAP. 

Alternative guidance for private companies may include modifications or exceptions to otherwise applicable existing U.S. 

GAAP standards. The banking agencies have concluded that 

a bank or savings association that is a private company, as 

defined in U.S. GAAP (as discussed in the next section of 

these Supplemental Instructions), is permitted to use private 

company accounting alternatives issued by the FASB when 

preparing its Call Reports, except as provided in 12 U.S.C. 

1831n(a) as described in the following sentence. If the agencies determine that a particular accounting principle within 

U.S. GAAP, including a private company accounting alternative, is inconsistent with the statutorily specified supervisory objectives, the agencies may prescribe an accounting 

principle for regulatory reporting purposes that is no less 

stringent than U.S. GAAP. In such a situation, an institution 

would not be permitted to use that particular private company accounting alternative or other accounting principle within U.S. GAAP for Call Report purposes. The agencies would 

provide appropriate notice if they were to disallow any 

accounting alternative under the statutory process.

On January 16, 2014, the FASB issued ASU No. 2014-02, 

“Accounting for Goodwill,” which is a consensus of the PCC. 

This ASU generally permits a private company to elect to 

amortize goodwill on a straight-line basis over a period of ten 

years (or less than ten years if more appropriate) and apply a 

simplified impairment model to goodwill. In addition, if a private company chooses to adopt the ASU’s goodwill accounting alternative, the ASU requires the private company to 

make an accounting policy election to test goodwill for 

impairment at either the entity level or the reporting unit 

level. Goodwill must be tested for impairment when a triggering event occurs that indicates that the fair value of an entity 

(or a reporting unit) may be below its carrying amount. In 

contrast, U.S. GAAP does not otherwise permit goodwill to 

Accounting by Private Companies for Identifiable Intangible Assets 

in a Business Combination

In December 2014, the FASB issued ASU No. 2014-18, 

“Accounting for Identifiable Intangible Assets in a Business 

Combination,” which is a consensus of the Private Company 

Council (PCC). This ASU provides an accounting alternative that permits a private company, as defined in U.S. 

GAAP (and discussed in a later section of these Supplemental Instructions), to simplify the accounting for certain 

intangible assets. The accounting alternative applies when a 

private company is required to recognize or otherwise consider the fair value of intangible assets as a result of certain 

transactions, including when applying the acquisition method 

to a business combination under ASC Topic 805, Business 

Combinations (formerly FASB Statement No. 141 (revised 

2007), “Business Combinations”).

Under ASU 2014-18, a private company that elects the 

accounting alternative should no longer recognize separately 

from goodwill:

•Customer-related intangible assets unless they are capabl

of being sold or licensed independently from the other 

assets of a business, and

• Noncompetition agreements.

However, because mortgage servicing rights and core deposit 

intangibles are regarded as capable of being sold or licensed 

independently, a private company that elects this accounting 

alternative must recognize these intangible assets separately 

from goodwill, initially measure them at fair value, and subsequently measure them in accordance with ASC Topic 350, 

Intangibles–Goodwill and Other (formerly FASB Statement 

No. 142, “Goodwill and Other Intangible Assets”).

A private company that elects the accounting alternative in 

ASU 2014-18 also must adopt the private company goodwill 

accounting alternative described in ASU 2014-02, 

“Accounting for Goodwill.” However, a private company that 

elects the goodwill accounting alternative in ASU 2014-02 is 

not required to adopt the accounting alternative for identifiable intangible assets in ASU 2014-18.

A private company’s decision to adopt ASU 2014-18 must be 

made upon the occurrence of the first business combination 

(or other transaction within the scope of the ASU) in fiscal 

years beginning after December 15, 2015. The effective date 

of the private company’s decision to adopt the accounting 

alternative for identifiable intangible assets depends on the 

timing of that first transaction.

If the first transaction occurs in the private company’s first 

fiscal year beginning after December 15, 2015, the adoption 

will be effective for that fiscal year’s annual financial reporting period and all interim and annual periods thereafter. If 

the first transaction occurs in a fiscal year beginning after 

December 15, 2016, the adoption will be effective in the 

interim period that includes the date of the transaction and 

subsequent interim and annual periods thereafter.

Early application of the intangibles accounting alternative is 

permitted for any annual or interim period for which a private 

company’s financial statements have not yet been made available for issuance. Customer-related intangible assets and noncompetition agreements that exist as of the beginning of the 

period of adoption should continue to be accounted for sepa-
FDIC Quarterly 30 2015, Volume 9, No. 3

be amortized, instead requiring goodwill to be tested for 

impairment at the reporting unit level annually and between 

annual tests in certain circumstances. The ASU’s goodwill 

accounting alternative, if elected by a private company, is 

effective prospectively for new goodwill recognized in annual 

periods beginning after December 15, 2014, and in interim 

periods within annual periods beginning after December 15, 

2015. Goodwill existing as of the beginning of the period of 

adoption is to be amortized prospectively over ten years (or 

less than ten years if more appropriate). The ASU states that 

early application of the goodwill accounting alternative is 

permitted for any annual or interim period for which a private 

company’s financial statements have not yet been made available for issuance.

A bank or savings association that meets the private company 

definition in ASU 2014-02, as discussed in the following section of these Supplemental Instructions (i.e., a private institution), is permitted, but not required, to adopt this ASU for 

Call Report purposes and may choose to early adopt the 

ASU. If a private institution issues U.S. GAAP financial 

statements and adopts the ASU, it should apply the ASU’s 

goodwill accounting alternative in its Call Report in a manner consistent with its reporting of goodwill in its financial 

statements. Thus, for example, a private institution with a 

calendar year fiscal year that chooses to adopt ASU 2014-02 

must apply the ASU’s provisions in its December 31, 2015, 

and subsequent quarterly Call Reports unless early application 

of the ASU is elected. If a private institution with a calendar 

year fiscal year chooses to early adopt ASU 2014-02 for first 

quarter 2015 financial reporting purposes, the institution may 

implement the provisions of the ASU in its Call Report for 

March 31, 2015. This would require the private institution to 

report in its first quarter 2015 Call Report three months’ 

amortization of goodwill existing as of January 1, 2015, and 

the amortization of any new goodwill recognized in the first 

three months of 2015. Goodwill amortization expense should 

be reported unless the amortization is associated with a discontinued operation, in which case the goodwill amortization 

should be included within the results of discontinued operations and reported as “Extraordinary items and other adjustments, net of income taxes.”

For additional information on the private company accounting alternative for goodwill, institutions should refer to ASU 

2014-02, which is available at http://www.fasb.org/jsp/FASB/

Page/SectionPage&cid=1176156316498.

Definitions of Private Company and Public Business Entity

According to ASU No. 2014-02, “Accounting for Goodwill,” 

a private company is a business entity that is not a public 

business entity. ASU No. 2013-12, “Definition of a Public 

Business Entity,” which was issued in December 2013, added 

this term to the Master Glossary in the Accounting Standards 

Codification. This ASU states that a business entity, such as 

a bank or savings association, that meets any one of five criteria set forth in the ASU is a public business entity for reporting purposes under U.S. GAAP, including for Call Report 

purposes. An institution that is a public business entity is not 

permitted to apply the private company goodwill accounting 

alternative discussed in the preceding section when preparing 

its Call Report.

For additional information on the definition of a public 

business entity, institutions should refer to ASU 2013-12, 

which is available at http://www.fasb.org/jsp/FASB/Page/

SectionPage&cid=1176156316498.

Reporting Certain Government-Guaranteed Mortgage Loans 

Upon Foreclosure

In August 2014, the FASB issued Accounting Standards 

Update (ASU) No. 2014-14, “Classification of Certain 

Government-Guaranteed Mortgage Loans Upon Foreclosure,” 

to address diversity in practice for how government-guaranteed mortgage loans are recorded upon foreclosure. The ASU 

updates guidance contained in ASC Subtopic 310-40, 

Receivables—Troubled Debt Restructurings by Creditors (formerly FASB Statement No. 15, “Accounting by Debtors and 

Creditors for Troubled Debt Restructurings,” as amended), 

because U.S. GAAP previously did not provide specific guidance on how to categorize or measure foreclosed mortgage 

loans that are government guaranteed.

This guidance is applicable to fully and partially governmentguaranteed mortgage loans. Upon foreclosure, the separate 

other receivable should be measured based on the amount of 

the loan balance (principal and interest) expected to be 

recovered from the guarantor. This other receivable should be 

reported in “All other assets.” Any interest income earned on 

the other receivable would be reported in “Other interest 

income.” Other real estate owned would not be recognized by 

the institution.

For institutions that are public business entities, as defined 

under U.S. GAAP, ASU 2014-14 is effective for fiscal years, 

and interim periods within those fiscal years, beginning after 

December 15, 2014. For example, institutions with a calendar 

year fiscal year that are public business entities must apply the 

ASU in their Call Reports beginning March 31, 2015. 

However, institutions that are not public business entities 

(i.e., that are private companies) are not required to apply the 

guidance in ASU 2014-14 until annual periods ending after 

December 15, 2015, and interim periods beginning 

after December 15, 2015. Thus, institutions with a calendar 

year fiscal year that are private companies must apply the 

ASU in their December 31, 2015, and subsequent quarterly 

Call Reports. Earlier adoption of the guidance in ASU 2014-

14 is permitted if the institution has already adopted the 

amendments in ASU No. 2014-04, “Reclassification of 

Residential Real Estate Collateralized Consumer Mortgage 

Loans Upon Foreclosure.” Entities can elect to apply ASU 

2014-14 on either a modified retrospective transition basis or 

a prospective transition basis. For additional information, 

institutions should refer to ASU 2014-14, which is available 

at http://www.fasb.org/jsp/FASB/Page/SectionPage&cid=

1176156316498.

Reclassification of Residential Real Estate Collateralized Consumer 

Mortgage Loans Upon Foreclosure

In January 2014, the FASB issued Accounting Standards 

Update (ASU) No. 2014-04, “Reclassification of Residential 

Real Estate Collateralized Consumer Mortgage Loans upon 

Foreclosure,” to address diversity in practice for when certain 

loan receivables should be derecognized and the real estate 

collateral recognized. The ASU updated guidance contained 

in Accounting Standards Codification Subtopic 310-40, 

Receivables–Troubled Debt Restructurings by Creditors (formerly FASB Statement No.15, “Accounting by Debtors and 

Creditors for Troubled Debt Restructurings,” as amended).
FDIC Quarterly 31 2015, Volume 9, No. 3

Quarterly Banking Profile

For additional information, institutions should refer to ASU 

2014-04, which is available at http://www.fasb.org/jsp/FASB/

Page/SectionPage&cid=1176156316498.

True-Up Liability Under an FDIC Loss-Sharing Agreement

An insured depository institution that acquires a failed 

insured institution may enter into a loss-sharing agreement 

with the FDIC under which the FDIC agrees to absorb a portion of the losses on a specified pool of the failed institution’s 

assets during a specified time period. The acquiring institution 

typically records an indemnification asset representing its 

right to receive payments from the FDIC for losses during the 

specified time period on assets covered under the loss-sharing 

agreement.

Since 2009, most loss-sharing agreements have included a 

true-up provision that may require the acquiring institution 

to reimburse the FDIC if cumulative losses in the acquired 

loss-share portfolio are less than the amount of losses claimed 

by the institution throughout the loss-sharing period. 

Typically, a true-up liability may result because the recovery 

period on the loss-share assets (e.g., eight years) is longer 

than the period during which the FDIC agrees to reimburse 

the acquiring institution for losses on the loss-share portfolio 

(e.g., five years).

Consistent with U.S. GAAP and bank guidance for 

“Offsetting,” institutions are permitted to offset assets and 

liabilities recognized in the Report of Condition when a 

“right of setoff” exists. Under ASC Subtopic 210-20, Balance 

Sheet—Offsetting (formerly FASB Interpretation No. 39, 

“Offsetting of Amounts Related to Certain Contracts”), in 

general, a right of setoff exists when a reporting institution 

and another party each owes the other determinable 

amounts, the reporting institution has the right to set off the 

amounts each party owes and also intends to set off, and the 

right of setoff is enforceable at law. Because the conditions 

for the existence of a right of offset in ASC Subtopic 210-20 

normally would not be met with respect to an indemnification asset and a true-up liability under a loss-sharing agreement with the FDIC, this asset and liability should not be 

netted for Call Report purposes. Therefore, institutions 

should report the indemnification asset gross (i.e., without 

regard to any true-up liability) in Other Assets, and any trueup liability in Other Liabilities.

In addition, an institution should not continue to report 

assets covered by loss-sharing agreements after the expiration 

of the loss-sharing period even if the terms of the loss-sharing 

agreement require reimbursements from the institution to the 

FDIC for certain amounts during the recovery period.

Indemnification Assets and Accounting Standards Update No. 2012-

06 – In October 2012, the FASB issued Accounting Standards 

Update (ASU) No. 2012-06, “Subsequent Accounting for an 

Indemnification Asset Recognized at the Acquisition Date as 

a Result of a Government-Assisted Acquisition of a Financial 

Institution,” to address the subsequent measurement of an 

indemnification asset recognized in an acquisition of a financial institution that includes an FDIC loss-sharing agreement. 

This ASU amends ASC Topic 805, Business Combinations 

(formerly FASB Statement No. 141 (revised 2007), “Business 

Combinations”), which includes guidance applicable to FDICassisted acquisitions of failed institutions.

Under prior accounting guidance, all loan receivables were 

reclassified to other real estate owned (OREO) when the 

institution, as creditor, obtained physical possession of the 

property, regardless of whether formal foreclosure proceedings 

had taken place. The new ASU clarifies when a creditor is 

considered to have received physical possession (resulting 

from an in-substance repossession or foreclosure) of residential real estate collateralizing a consumer mortgage loan. 

Under the new guidance, physical possession for these residential real estate properties is considered to have occurred 

and a loan receivable would be reclassified to OREO 

only upon:

•The institution obtaining legal title upon completion of 

foreclosure even if the borrower has redemption rights that 

provide the borrower with a legal right for a period of time 

after foreclosure to reclaim the property by paying certain 

amounts specified by law, or

•The completion of a deed in lieu of foreclosure or simila

legal agreement under which the borrower conveys all 

interest in the residential real estate property to the institution to satisfy the loan.

Loans secured by real estate other than consumer mortgage 

loans collateralized by residential real estate should continue 

to be reclassified to OREO when the institution has received 

physical possession of a borrower’s real estate, regardless of 

whether formal foreclosure proceedings take place.

For institutions that are public business entities, as defined 

under U.S. generally accepted accounting principles, ASU 

2014-04 is effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2014. For 

example, institutions with a calendar year fiscal year that are 

public business entities must apply the ASU in their Call 

Reports beginning March 31, 2015. However, institutions 

that are not public business entities are not required to apply 

the guidance in ASU 2014-04 until annual periods beginning 

after December 15, 2014, and interim periods within annual 

periods beginning after December 15, 2015. Thus, institutions with a calendar year fiscal year that are not public business entities must apply the ASU in their December 31, 

2015, and subsequent quarterly Call Reports. Earlier adoption 

of the guidance in ASU 2014-04 is permitted. Entities can 

elect to apply the ASU on either a modified retrospective 

transition basis or a prospective transition basis. Applying the 

ASU on a prospective transition basis should be less complex 

for institutions than applying the ASU on a modified retrospective transition basis. Under the prospective transition 

method, an institution should apply the new guidance to all 

instances where it receives physical possession of residential 

real estate property collateralizing consumer mortgage loans 

that occur after the date of adoption of the ASU. Under the 

modified retrospective transition method, an institution 

should apply a cumulative-effect adjustment to residential 

consumer mortgage loans and OREO existing as of the beginning of the annual period for which the ASU is effective. As 

a result of adopting the ASU on a modified retrospective 

basis, assets reclassified from OREO to loans should be measured at the carrying value of the real estate at the date of 

adoption while assets reclassified from loans to OREO should 

be measured at the lower of the net amount of the loan 

receivable or the OREO property’s fair value less costs to sell 

at the time of adoption.
FDIC Quarterly 32 2015, Volume 9, No. 3

a current market interest rate, or a below-market interest rate. 

Many of these loan modifications meet the definition of a 

troubled debt restructuring (TDR).

The TDR accounting and reporting standards are set forth 

in ASC Subtopic 310-40, Receivables – Troubled Debt 

Restructurings by Creditors (formerly FASB Statement 

No. 15, “Accounting by Debtors and Creditors for Troubled 

Debt Restructurings,” as amended). This guidance specifies 

that a restructuring of a debt constitutes a TDR if, at the date 

of restructuring, the creditor for economic or legal reasons 

related to a debtor’s financial difficulties grants a concession 

to the debtor that it would not otherwise consider.

In the Call Report, until a loan that is a TDR is paid in full 

or otherwise settled, sold, or charged off, it must be reported 

in the appropriate loan category, as well as identified as a performing TDR loan, if it is in compliance with its modified 

terms. If a TDR is not in compliance with its modified terms, 

it is reported as a past-due and nonaccrual loan in the appropriate loan category, as well as distinguished from other past 

due and nonaccrual loans. To be considered in compliance 

with its modified terms, a loan that is a TDR must not be in 

nonaccrual status and must be current or less than 30 days 

past due on its contractual principal and interest payments 

under the modified repayment terms. A loan restructured in a 

TDR is an impaired loan. Thus, all TDRs must be measured 

for impairment in accordance with ASC Subtopic 310-10, 

Receivables – Overall (formerly FASB Statement No. 114, 

“Accounting by Creditors for Impairment of a Loan,” as 

amended), and the Call Report Glossary entry for “Loan 

Impairment.” Consistent with ASC Subtopic 310-10, TDRs 

may be aggregated and measured for impairment with other 

impaired loans that share common risk characteristics by 

using historical statistics, such as average recovery period and 

average amount recovered, along with a composite effective 

interest rate. The outcome of such an aggregation approach 

must be consistent with the impairment measurement methods prescribed in ASC Subtopic 310-10 and Call Report 

instructions for loans that are “individually” considered 

impaired instead of the measurement method prescribed in 

ASC Subtopic 450-20, Contingencies – Loss Contingencies 

(formerly FASB Statement No. 5, “Accounting for Contingencies”) for loans not individually considered impaired that 

are collectively evaluated for impairment. When a loan not 

previously considered individually impaired is restructured 

and determined to be a TDR, absent a partial charge-off, it 

generally is not appropriate for the impairment estimate on 

the loan to decline as a result of the change from the impairment measurement method prescribed in ASC Subtopic 450-

20 to the methods prescribed in ASC Subtopic 310-10.

Troubled Debt Restructurings and Accounting Standards Update 

No. 2011-02 – In April 2011, the FASB issued Accounting 

Standards Update (ASU) No. 2011-02, “A Creditor’s 

Determination of Whether a Restructuring Is a Troubled 

Debt Restructuring,” to provide additional guidance to help 

creditors determine whether a concession has been granted to 

a borrower and whether a borrower is experiencing financial 

difficulties. The guidance is also intended to reduce diversity 

in practice in identifying and reporting TDRs. This ASU was 

effective for public companies for interim and annual periods 

beginning on or after June 15, 2011, and should have been 

applied retrospectively to the beginning of the annual period 

of adoption for purposes of identifying TDRs. The measureUnder the ASU, when an institution experiences a change in 

the cash flows expected to be collected on an FDIC losssharing indemnification asset because of a change in the cash 

flows expected to be collected on the assets covered by the 

loss-sharing agreement, the institution should account for the 

change in the measurement of the indemnification asset on 

the same basis as the change in the assets subject to indemnification. Any amortization of changes in the value of the 

indemnification asset should be limited to the lesser of the 

term of the indemnification agreement and the remaining life 

of the indemnified assets.

The ASU is effective for fiscal years, and interim periods within those fiscal years, beginning on or after December 15, 2012. 

For institutions with a calendar year fiscal year, the ASU takes 

effect January 1, 2013. Early adoption of the ASU is permitted. 

The ASU’s provisions should be applied prospectively to any 

new indemnification assets acquired after the date of adoption 

and to indemnification assets existing as of the date of adoption arising from an FDIC-assisted acquisition of a financial 

institution. Institutions with indemnification assets arising 

from FDIC loss-sharing agreements are expected to adopt ASU 

2012-06 for Call Report purposes in accordance with the effective date of this standard. For additional information, refer to 

ASU 2012-06, available at http://www.fasb.org/jsp/FASB/

Page/SectionPage&cid=1176156316498.

Goodwill Impairment Testing – In September 2011, the FASB 

issued Accounting Standards Update (ASU) No. 2011-08, 

“Testing Goodwill for Impairment,” to address concerns about 

the cost and complexity of the existing goodwill impairment 

test in ASC Topic 350, Intangibles-Goodwill and Other 

(formerly FASB Statement No. 142, “Goodwill and Other 

Intangible Assets”). The ASU’s amendments to ASC 

Topic 350 are effective for annual and interim goodwill 

impairment tests performed for fiscal years beginning after 

December 15, 2011 (i.e., for annual or interim tests performed 

on or after January 1, 2012, for institutions with a calendar 

year fiscal year). Early adoption of the ASU was permitted. 

Under ASU 2011-08, an institution has the option of first 

assessing qualitative factors to determine whether it is necessary to perform the two-step quantitative goodwill impairment test described in ASC Topic 350. If, after considering 

all relevant events and circumstances, an institution determines it is unlikely (that is, a likelihood of 50 percent or less) 

that the fair value of a reporting unit is less than its carrying 

amount (including goodwill), then the institution does not 

need to perform the two-step goodwill impairment test. If the 

institution instead concludes that the opposite is true (that is, 

it is likely that the fair value of a reporting unit is less than its 

carrying amount), then it is required to perform the first step 

and, if necessary, the second step of the two-step goodwill 

impairment test. Under ASU 2011-08, an institution may 

choose to bypass the qualitative assessment for any reporting 

unit in any period and proceed directly to performing the first 

step of the two-step goodwill impairment test.

Troubled Debt Restructurings and Current Market Interest Rates – 

Many institutions are restructuring or modifying the terms of 

loans to provide payment relief for those borrowers who have 

suffered deterioration in their financial condition. Such loan 

restructurings may include, but are not limited to, reductions 

in principal or accrued interest, reductions in interest rates, 

and extensions of the maturity date. Modifications may be 

executed at the original contractual interest rate on the loan, 
FDIC Quarterly 33 2015, Volume 9, No. 3

Quarterly Banking Profile

assessment base was “assessable deposits” and consisted of DIF 

deposits (deposits insured by the FDIC Deposit Insurance 

Fund) in banks’ domestic offices with certain adjustments.

Assets securitized and sold – total outstanding principal balance 

of assets securitized and sold with servicing retained or other 

seller-provided credit enhancements.

Capital Purchase Program (CPP) – as announced in October 

2008 under the TARP, the Treasury Department purchase of 

noncumulative perpetual preferred stock and related warrants 

that is treated as Tier 1 capital for regulatory capital purposes 

is included in “Total equity capital.” Such warrants to purchase common stock or noncumulative preferred stock issued 

by publicly-traded banks are reflected as well in “Surplus.” 

Warrants to purchase common stock or noncumulative preferred stock of not-publicly-traded bank stock are classified in 

a bank’s balance sheet as “Other liabilities.”

Common equity tier 1 capital ratio – ratio of common equity 

tier 1 capital to risk-weighted assets. Common equity tier 1 

capital includes common stock instruments and related surplus, retained earnings, accumulated other comprehensive 

income (AOCI), and limited amounts of common equity tier 

1 minority interest, minus applicable regulatory adjustments 

and deductions. Items that are fully deducted from common 

equity tier 1 capital include goodwill, other intangible assets 

(excluding mortgage servicing assets) and certain deferred tax 

assets; items that are subject to limits in common equity tier 1 

capital include mortgage servicing assets, eligible deferred tax 

assets, and certain significant investments.

Construction and development loans – includes loans for all 

property types under construction, as well as loans for land 

acquisition and development.

Core capital – common equity capital plus noncumulative perpetual preferred stock plus minority interest in consolidated 

subsidiaries, less goodwill and other ineligible intangible 

assets. The amount of eligible intangibles (including servicing 

rights) included in core capital is limited in accordance with 

supervisory capital regulations.

Cost of funding earning assets – total interest expense paid on 

deposits and other borrowed money as a percentage of average 

earning assets.

Credit enhancements – techniques whereby a company attempts 

to reduce the credit risk of its obligations. Credit enhancement may be provided by a third party (external credit 

enhancement) or by the originator (internal credit enhancement), and more than one type of enhancement may be 

associated with a given issuance.

Deposit Insurance Fund (DIF) – the Bank (BIF) and Savings 

Association (SAIF) Insurance Funds were merged in 2006 by 

the Federal Deposit Insurance Reform Act to form the DIF.

Derivatives notional amount – the notional, or contractual, 

amounts of derivatives represent the level of involvement in 

the types of derivatives transactions and are not a quantification of market risk or credit risk. Notional amounts represent 

the amounts used to calculate contractual cash flows to be 

exchanged.

Derivatives credit equivalent amount – the fair value of the 

derivative plus an additional amount for potential future 

credit exposure based on the notional amount, the remaining 

maturity and type of the contract.

ment of impairment for any newly identified TDRs resulting 

from retrospective application should have been applied prospectively in the first interim or annual period beginning on 

or after June 15, 2011. (For most public institutions, the 

ASU takes effect July 1, 2011, but retrospective application 

begins as of January 1, 2011.) Nonpublic companies should 

apply the new guidance for annual periods ending after 

December 15, 2012, including interim periods within those 

annual periods. (For most nonpublic institutions, the ASU 

took effect January 1, 2012.) Early adoption of the ASU was 

permitted for both public and nonpublic entities. Nonpublic 

entities that adopt early are subject to a retrospective identification requirement. For additional information, refer to 

ASU 2011-02, available at http://www.fasb.org/jsp/FASB/

Page/SectionPage&cid=1176156316498.

Accounting for Loan Participations – Amended ASC Topic 860 

(formerly FAS 166) modified the criteria that must be met 

in order for a transfer of a portion of a financial asset, such 

as a loan participation, to qualify for sale accounting – refer 

to previously published Quarterly Banking Profile notes: 

http://www5.fdic.gov/qbp/2011mar/qbpnot.html.

Other-Than-Temporary Impairment – When the fair value of an 

investment in an individual available-for-sale or held-tomaturity security is less than its cost basis, the impairment is 

either temporary or other-than-temporary. The amount of the 

total other-than-temporary impairment related to credit loss 

must be recognized in earnings, but the amount of total 

impairment related to other factors must be recognized in 

other comprehensive income, net of applicable taxes. To 

determine whether the impairment is other-than-temporary, 

an institution must apply the applicable accounting guidance 

– refer to previously published Quarterly Banking Profile notes: 

http://www5.fdic.gov/qbp/2011mar/qbpnot.html.

ASC Topics 860 & 810 (formerly FASB Statements 166 & 167) – 

In June 2009, the FASB issued Statement No. 166, 

Accounting for Transfers of Financial Assets (FAS 166), 

and Statement No. 167, Amendments to FASB Interpretation No. 46(R) (FAS 167), which change the way entities 

account for securitizations and special purpose entities—

refer to previously published Quarterly Banking Profile notes: 

https://www5.fdic.gov/qbp/2014dec/qbpnot.html.

Accounting Standards Codification – refer to previously published Quarterly Banking Profile notes:

http://www5.fdic.gov/qbp/2011sep/qbpnot.html.

DEFINITIONS (in alphabetical order)

All other assets – total cash, balances due from depository 

institutions, premises, fixed assets, direct investments in real 

estate, investment in unconsolidated subsidiaries, customers’ 

liability on acceptances outstanding, assets held in trading 

accounts, federal funds sold, securities purchased with agreements to resell, fair market value of derivatives, prepaid 

deposit insurance assessments, and other assets.

All other liabilities – bank’s liability on acceptances, limited-life 

preferred stock, allowance for estimated off-balance-sheet credit losses, fair market value of derivatives, and other liabilities.

Assessment base – effective April 1, 2011, the deposit insurance assessment base has changed to “average consolidated 

total assets minus average tangible equity” with an additional 

adjustment to the assessment base for banker’s banks and custodial banks, as permitted under Dodd-Frank. Previously the 
FDIC Quarterly 34 2015, Volume 9, No. 3

another healthy institution. This action may require the 

FDIC to provide funds to cover losses. An institution is 

defined as “assisted” when the institution remains open and 

receives assistance in order to continue operating.

Fair Value – the valuation of various assets and liabilities on 

the balance sheet—including trading assets and liabilities, 

available-for-sale securities, loans held for sale, assets and 

liabilities accounted for under the fair value option, and foreclosed assets—involves the use of fair values. During periods 

of market stress, the fair values of some financial instruments 

and nonfinancial assets may decline.

FHLB advances – all borrowings by FDIC insured institutions 

from the Federal Home Loan Bank System (FHLB), as 

reported by Call Report filers, and by TFR filers prior to 

March 31, 2012.

Goodwill and other intangibles – intangible assets include 

servicing rights, purchased credit card relationships, and other 

identifiable intangible assets. Goodwill is the excess of the 

purchase price over the fair market value of the net assets 

acquired, less subsequent impairment adjustments. Other 

intangible assets are recorded at fair value, less subsequent 

quarterly amortization and impairment adjustments.

Loans secured by real estate – includes home equity loans, 

junior liens secured by 1-4 family residential properties, and 

all other loans secured by real estate.

Loans to individuals – includes outstanding credit card balances 

and other secured and unsecured consumer loans.

Long-term assets (5+ years) – loans and debt securities with 

remaining maturities or repricing intervals of over five years.

Maximum credit exposure – the maximum contractual credit 

exposure remaining under recourse arrangements and other 

seller-provided credit enhancements provided by the reporting bank to securitizations.

Mortgage-backed securities – certificates of participation in 

pools of residential mortgages and collateralized mortgage 

obligations issued or guaranteed by government-sponsored or 

private enterprises. Also, see “Securities,” below.

Net charge-offs – total loans and leases charged off (removed 

from balance sheet because of uncollectibility), less amounts 

recovered on loans and leases previously charged off.

Net interest margin – the difference between interest and dividends earned on interest-bearing assets and interest paid to 

depositors and other creditors, expressed as a percentage of 

average earning assets. No adjustments are made for interest 

income that is tax exempt.

Net loans to total assets – loans and lease financing receivables, net of unearned income, allowance and reserves, as a 

percent of total assets on a consolidated basis.

Net operating income – income excluding discretionary transactions such as gains (or losses) on the sale of investment securities and extraordinary items. Income taxes subtracted from 

operating income have been adjusted to exclude the portion 

applicable to securities gains (or losses).

Noncurrent assets – the sum of loans, leases, debt securities, 

and other assets that are 90 days or more past due, or in nonaccrual status.

Noncurrent loans & leases – the sum of loans and leases 90 days 

or more past due, and loans and leases in nonaccrual status.

Derivatives transaction types:

Futures and forward contracts – contracts in which the 

buyer agrees to purchase and the seller agrees to sell, at a 

specified future date, a specific quantity of an underlying 

variable or index at a specified price or yield. These contracts exist for a variety of variables or indices, (traditional 

agricultural or physical commodities, as well as currencies 

and interest rates). Futures contracts are standardized and 

are traded on organized exchanges which set limits on 

counterparty credit exposure. Forward contracts do not 

have standardized terms and are traded over the counter.

Option contracts – contracts in which the buyer acquires the 

right to buy from or sell to another party some specified 

amount of an underlying variable or index at a stated price 

(strike price) during a period or on a specified future date, 

in return for compensation (such as a fee or premium). 

The seller is obligated to purchase or sell the variable or 

index at the discretion of the buyer of the contract.

Swaps – obligations between two parties to exchange a 

series of cash flows at periodic intervals (settlement dates), 

for a specified period. The cash flows of a swap are either 

fixed, or determined for each settlement date by multiplying the quantity (notional principal) of the underlying 

variable or index by specified reference rates or prices. 

Except for currency swaps, the notional principal is used 

to calculate each payment but is not exchanged.

Derivatives underlying risk exposure – the potential exposure 

characterized by the level of banks’ concentration in particular underlying instruments, in general. Exposure can result 

from market risk, credit risk, and operational risk, as well as, 

interest rate risk.

Domestic deposits to total assets – total domestic office deposits 

as a percent of total assets on a consolidated basis.

Earning assets – all loans and other investments that earn 

interest or dividend income.

Efficiency ratio – Noninterest expense less amortization of 

intangible assets as a percent of net interest income plus noninterest income. This ratio measures the proportion of net 

operating revenues that are absorbed by overhead expenses, 

so that a lower value indicates greater efficiency.

Estimated insured deposits – in general, insured deposits are 

total domestic deposits minus estimated uninsured deposits. 

Beginning March 31, 2008, for institutions that file Call 

Reports, insured deposits are total assessable deposits minus 

estimated uninsured deposits. Beginning September 30, 2009, 

insured deposits include deposits in accounts of $100,000 to 

$250,000 that are covered by a temporary increase in the 

FDIC’s standard maximum deposit insurance amount 

(SMDIA). The Dodd-Frank Wall Street Reform and 

Consumer Protection Act enacted on July 21, 2010, made 

permanent the standard maximum deposit insurance amount 

(SMDIA) of $250,000. Also, the Dodd-Frank Act amended 

the Federal Deposit Insurance Act to include noninterestbearing transaction accounts as a new temporary deposit 

insurance account category. All funds held in noninterestbearing transaction accounts were fully insured, without limit, 

from December 31, 2010, through December 31, 2012.

Failed/assisted institutions – an institution fails when regulators 

take control of the institution, placing the assets and liabilities into a bridge bank, conservatorship, receivership, or 
FDIC Quarterly 35 2015, Volume 9, No. 3

Quarterly Banking Profile

Risk-based capital groups – definitions:

Capital Ratios Used to Determine Capital Evaluations for 

Assessment Purposes, Effective January 1, 2015*

Capital 

Evaluations

Total RiskBased 

Capital Ratio

Tier 1 

Risk-Based 

Capital Ratio

Common 

Equity Tier 1 

Capital Ratio

Leverage 

Ratio

Well 

Capitalized

≥10% ≥8% ≥6.5% ≥5%

Adequately 

Capitalized**

≥8% ≥6% ≥4.5% ≥4%

UndercapitalizedDoes not qualify as either Well Capitalized or 

Adequately Capitalized

* Effective January 1, 2018, the supplemental leverage ratio will be added to capital evaluations for deposit insurance assessment purposes. 

**An institution is Adequately Capitalized if it is not Well Capitalized, but satisfies each of 

the listed capital ratio standards for Adequately Capitalized.

Risk Categories and Assessment Rate Schedule – The current risk 

categories became effective January 1, 2007. Capital ratios 

and supervisory ratings distinguish one risk category from 

another. Effective April 1, 2011, risk categories for large institutions (generally those with at least $10 billion in assets) 

were eliminated. The following table shows the relationship 

of risk categories (I, II, III, IV) for small institutions to capital 

and supervisory groups as well as the initial base assessment 

rates (in basis points) for each risk category. Supervisory 

Group A generally includes institutions with CAMELS composite ratings of 1 or 2; Supervisory Group B generally 

includes institutions with a CAMELS composite rating of 3; 

and Supervisory Group C generally includes institutions with 

CAMELS composite ratings of 4 or 5. For purposes of riskbased assessment capital groups, undercapitalized includes 

institutions that are significantly or critically 

undercapitalized.

Capital Category

Supervisory Group

A B C

1. Well Capitalized I

5–9 bps II

14 bps

III

23 bps 2. Adequately Capitalized II

14 bps

3. Undercapitalized III

23 bps

IV

35 bps

Effective April 1, 2011, the initial base assessment rates are 5 

to 35 basis points. An institution’s total assessment rate may 

be less than or greater than its initial base assessment rate as a 

result of additional risk adjustments.

The base assessment rates for small institutions in Risk 

Category I are based on a combination of financial ratios and 

CAMELS component ratings (the financial ratios method).

As required by Dodd-Frank, the calculation of risk-based 

assessment rates for large institutions no longer relies on longterm debt issuer ratings. Rates for large institutions are based 

on CAMELS ratings and certain forward-looking financial 

measures combined into two scorecards—one for most large 

institutions and another for the remaining very large institutions that are structurally and operationally complex or that 

pose unique challenges and risks in case of failure (highly 

Number of institutions reporting – the number of institutions 

that actually filed a financial report.

New reporters – insured institutions filing quarterly financial 

reports for the first time.

Other borrowed funds – federal funds purchased, securities sold 

with agreements to repurchase, demand notes issued to the 

U.S. Treasury, FHLB advances, other borrowed money, mortgage indebtedness, obligations under capitalized leases and 

trading liabilities, less revaluation losses on assets held in 

trading accounts.

Other real estate owned – primarily foreclosed property. Direct 

and indirect investments in real estate ventures are excluded. 

The amount is reflected net of valuation allowances. For 

institutions that file a Thrift Financial Report (TFR), the 

valuation allowance subtracted also includes allowances for 

other repossessed assets. Also, for TFR filers the components 

of other real estate owned are reported gross of valuation 

allowances. (TFR filers began filing Call Reports effective 

with the quarter ending March 31, 2012.)

Percent of institutions with earnings gains – the percent of institutions that increased their net income (or decreased their 

losses) compared to the same period a year earlier.

“Problem” institutions – federal regulators assign a composite 

rating to each financial institution, based upon an evaluation 

of financial and operational criteria. The rating is based on a 

scale of 1 to 5 in ascending order of supervisory concern. 

“Problem” institutions are those institutions with financial, 

operational, or managerial weaknesses that threaten their 

continued financial viability. Depending upon the degree of 

risk and supervisory concern, they are rated either a “4” or 

“5.” The number and assets of “problem” institutions are 

based on FDIC composite ratings. Prior to March 31, 2008, 

for institutions whose primary federal regulator was the OTS, 

the OTS composite rating was used.

Recourse – an arrangement in which a bank retains, in form 

or in substance, any credit risk directly or indirectly associated with an asset it has sold (in accordance with generally 

accepted accounting principles) that exceeds a pro rata share 

of the bank’s claim on the asset. If a bank has no claim on an 

asset it has sold, then the retention of any credit risk is 

recourse.

Reserves for losses – the allowance for loan and lease losses on 

a consolidated basis.

Restructured loans and leases – loan and lease financing receivables with terms restructured from the original contract. 

Excludes restructured loans and leases that are not in compliance with the modified terms.

Retained earnings – net income less cash dividends on common and preferred stock for the reporting period.

Return on assets – bank net income (including gains or losses 

on securities and extraordinary items) as a percentage of average total (consolidated) assets. The basic yardstick of bank 

profitability.

Return on equity – bank net income (including gains or losses 

on securities and extraordinary items) as a percentage of average total equity capital.
FDIC Quarterly 36 2015, Volume 9, No. 3

June 30, 2009. The special assessment was collected 

September 30, 2009, at the same time that the risk-based 

assessment for the second quarter of 2009 was collected. 

The special assessment for any institution was capped at 

10 basis points of the institution’s assessment base for the 

second quarter of 2009 risk-based assessment.

Prepaid Deposit Insurance Assessments – In November 2009, 

the FDIC Board of Directors adopted a final rule requiring 

insured depository institutions (except those that are 

exempted) to prepay their quarterly risk-based deposit 

insurance assessments for the fourth quarter of 2009, and 

for all of 2010, 2011, and 2012, on December 30, 2009. 

For regulatory capital purposes, an institution may assign a 

zero-percent risk weight to the amount of its prepaid 

deposit assessment asset. As required by the FDIC’s regulation establishing the prepaid deposit insurance assessment 

program, this program ended with the final application of 

prepaid assessments to the quarterly deposit insurance 

assessments payable March 29, 2013. The FDIC issued 

refunds of any unused prepaid deposit insurance assessments on June 28, 2013.

Risk-weighted assets – assets adjusted for risk-based capital 

definitions which include on-balance-sheet as well as offbalance-sheet items multiplied by risk-weights that range 

from zero to 200 percent. A conversion factor is used to assign 

a balance sheet equivalent amount for selected off-balancesheet accounts.

Securities – excludes securities held in trading accounts. 

Banks’ securities portfolios consist of securities designated as 

“held-to-maturity,” which are reported at amortized cost 

(book value), and securities designated as “available-for-sale,” 

reported at fair (market) value.

Securities gains (losses) – realized gains (losses) on held-tomaturity and available-for-sale securities, before adjustments 

for income taxes. Thrift Financial Report (TFR) filers also 

include gains (losses) on the sales of assets held for sale. 

(TFR filers began filing Call Reports effective with the quarter ending March 31, 2012.)

Seller’s interest in institution’s own securitizations – the reporting 

bank’s ownership interest in loans and other assets that have 

been securitized, except an interest that is a form of recourse 

or other seller-provided credit enhancement. Seller’s interests 

differ from the securities issued to investors by the securitization structure. The principal amount of a seller’s interest is 

generally equal to the total principal amount of the pool of 

assets included in the securitization structure less the principal amount of those assets attributable to investors, i.e., in the 

form of securities issued to investors.

Small Business Lending Fund – The Small Business Lending 

Fund (SBLF) was enacted into law in September 2010 as part 

of the Small Business Jobs Act of 2010 to encourage lending 

to small businesses by providing capital to qualified 

community institutions with assets of less than $10 billion. 

The SBLF Program is administered by the U.S. Treasury 

Department (http://www.treasury.gov/resource-center/

sb-programs/Pages/Small-Business-Lending-Fund.aspx).

Under the SBLF Program, the Treasury Department 

purchased noncumulative perpetual preferred stock from 

qualifying depository institutions and holding companies 

(other than Subchapter S and mutual institutions). When 

this stock has been issued by a depository institution, it is 

complex institutions). In general, a highly complex institution is an institution (other than a credit card bank) with 

more than $500 billion in total assets that is controlled by a 

parent or intermediate parent company with more than 

$500 billion in total assets or a processing bank or trust company with total fiduciary assets of $500 billion or more. The 

FDIC retains its ability to take additional information into 

account to make a limited adjustment to an institution’s total 

score (the large bank adjustment), which will be used to 

determine an institution’s initial base assessment rate.

Effective April 1, 2011, the three possible adjustments to 

an institution’s initial base assessment rate are as follows: 

(1) Unsecured Debt Adjustment: An institution’s rate may 

decrease by up to 5 basis points for unsecured debt. The unsecured debt adjustment cannot exceed the lesser of 5 basis 

points or 50 percent of an institution’s initial base assessment 

rate (IBAR). Thus, for example, an institution with an IBAR 

of 5 basis points would have a maximum unsecured debt 

adjustment of 2.5 basis points and could not have a total base 

assessment rate lower than 2.5 basis points. (2) Depository 

Institution Debt Adjustment: For institutions that hold longterm unsecured debt issued by another insured depository 

institution, a 50 basis point charge is applied to the amount 

of such debt held in excess of 3 percent of an institution’s 

Tier 1 capital. (3) Brokered Deposit Adjustment: Rates for 

small institutions that are not in Risk Category I and for large 

institutions that are not well capitalized or do not have a 

composite CAMELS rating of 1 or 2 may increase (not to 

exceed 10 basis points) if their brokered deposits exceed 

10 percent of domestic deposits. After applying all possible 

adjustments (excluding the Depository Institution Debt 

Adjustment), minimum and maximum total base assessment 

rates for each risk category are as follows:

Total Base Assessment Rates*

Risk 

Category 

I

Risk 

Category 

II

Risk 

Category 

III

Risk 

Category 

IV

Large and 

Highly 

Complex 

Institutions

Initial base 

assessment rate 5–9 14 23 35 5–35

Unsecured debt 

adjustment -4.5–0 -5–0 -5–0 -5–0 -5–0

Brokered deposit 

adjustment — 0–10 0–10 0–10 0–10

Total Base 

Assessment rate 2.5–9 9–24 18–33 30–45 2.5–45

* All amounts for all categories are in basis points annually. Total base rates that are 

not the minimum or maximum rate will vary between these rates. Total base assessment rates do not include the depository institution debt adjustment.

Beginning in 2007, each institution is assigned a risk-based 

rate for a quarterly assessment period near the end of the 

quarter following the assessment period. Payment is generally 

due on the 30th day of the last month of the quarter following the assessment period. Supervisory rating changes are 

effective for assessment purposes as of the examination transmittal date.

Special Assessment – On May 22, 2009, the FDIC board 

approved a final rule that imposed a 5 basis point special 

assessment as of June 30, 2009. The special assessment was 

levied on each insured depository institution’s assets minus 

its Tier 1 capital as reported in its report of condition as of 
FDIC Quarterly 37 2015, Volume 9, No. 3

Quarterly Banking Profile

Trust assets – market value, or other reasonably available 

value of fiduciary and related assets, to include marketable 

securities, and other financial and physical assets. Common 

physical assets held in fiduciary accounts include real estate, 

equipment, collectibles, and household goods. Such fiduciary 

assets are not included in the assets of the financial 

institution.

Unearned income & contra accounts – unearned income for Call 

Report filers only.

Unused loan commitments – includes credit card lines, home 

equity lines, commitments to make loans for construction, 

loans secured by commercial real estate, and unused commitments to originate or purchase loans. (Excluded are commitments after June 2003 for originated mortgage loans held for 

sale, which are accounted for as derivatives on the balance 

sheet.)

Yield on earning assets – total interest, dividend, and fee 

income earned on loans and investments as a percentage of 

average earning assets.

reported as “Perpetual preferred stock and related surplus.” For 

regulatory capital purposes, this noncumulative perpetual 

preferred stock qualifies as a component of Tier 1 capital. 

Qualifying Subchapter S corporations and mutual institutions 

issue unsecured subordinated debentures to the Treasury 

Department through the SBLF. Depository institutions that 

issued these debentures report them as “Subordinated notes 

and debentures.” For regulatory capital purposes, the 

debentures are eligible for inclusion in an institution’s Tier 2 

capital in accordance with their primary federal regulator’s 

capital standards. To participate in the SBLF Program, an 

institution with outstanding securities issued to the Treasury 

Department under the Capital Purchase Program (CPP) was 

required to refinance or repay in full the CPP securities at the 

time of the SBLF funding. Any outstanding warrants that an 

institution issued to the Treasury Department under the CPP 

remain outstanding after the refinancing of the CPP stock 

through the SBLF Program unless the institution chooses to 

repurchase them.

Subchapter S corporation – a Subchapter S corporation is treated as a pass-through entity, similar to a partnership, for federal income tax purposes. It is generally not subject to any 

federal income taxes at the corporate level. This can have the 

effect of reducing institutions’ reported taxes and increasing 

their after-tax earnings.