Quarterly Banking Profile
 

FIRST QUARTER 2006 

• Noninterest Income Growth Lifts Profits To Quarterly Record 

• Industry Earnings Of $37.3 Billion Surpass Previous Record By $2.7 Billion 

• Rising Interest Rates Continue To Put Pressure On Margins 

• Credit-Card Charge-Offs Fall Sharply From Fourth-Quarter Level 

• Commercial Loan Growth Picks Up Momentum 

Chart 1 Chart 2 

0.0 

5.0 

10.0 

15.0 

20.0 

25.0 

30.0 

35.0 

40.0 

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

$ Billion 

Securities and Other Gains/Losses, Net 

Net Operating Income 

2002 2003 2004 

37.3 

32.7 34.3 34.7 34.0 

31.1 32.5 31.2 31.8 31.0 30.2 30.4 29.5 

25.3 

27.2 27.3

25.3 

2006 

Quarterly Earnings Surpass $37 Billion 

-1 

0 

1 

2 

3 

4 

5 

6 

7 

Increase in 

Noninterest 

Income 

Increase in 

Net Interest 

Income 

Decline in Loan 

Loss Provision 

Increase in 

Noninterest 

Expense 

Decline in Gains 

on Securities 

Sales 

1st Quarter 2005 to 1st Quarter 2006 ($ Billion) 

$5.7 

$5.0 

-$0.2 

$6.8 

-$0.2 

Positive Factors Negative Factors 

Noninterest Income Was the Main Factor in 

Earnings Improvement 

Results at Large Banks Contribute to Record Earnings 

for the Industry 

Increased income from trading and securitization activities 

helped insured commercial banks and savings institutions 

post record-high net income of $37.3 billion in the first 

quarter of 2006, eclipsing the previous record of $34.6 billion set in the third quarter of 2005. In addition to the 

improvement in noninterest income, earnings benefited 

from lower expenses for loan losses, especially among credit-card lenders, and from increased net interest income produced by strong loan growth. Earnings were $3.2 billion 

(9.5 percent) higher than in the first quarter of 2005, when 

noninterest revenues at large institutions were not as 

strong. Total noninterest income was up by $5.7 billion 

(10.3 percent). Income from trading activities was $1.4 

billion (32.4 percent) higher than a year earlier, income 

from securitization activities was up by $1.1 billion (19.4 

percent), and income from investment banking was $407 

million (16.3 percent) higher. Net interest income was 

$5.0 billion (6.5 percent) above the level of a year ago. 

Loan-loss provisions were $234 million (3.8 percent) lower, 

in response to a sharp reduction in losses on consumer 

loans. The improvement in earnings was limited by lower 

gains on sales of securities and other assets, which were 

$174 million (20.6 percent) less than a year earlier, and by 

increased noninterest expenses, which were up by $6.8 billion (8.8 percent). Salary and benefit expenses rose by 

$3.7 billion (10.5 percent), led by increases at large banks 

that have had recent mergers. The average return on assets 

(ROA) was 1.35 percent, slightly above the 1.34 percent 

the industry registered in the first quarter of 2005. More 

than half of all institutions (52 percent) reported an ROA 

of 1 percent or higher for the quarter. A slightly higher 

proportion — 56.3 percent — had higher quarterly earnings than a year earlier, but only 47.7 percent reported 

higher quarterly ROAs. 

Most Institutions See Margins Decline 

The industry’s average net interest margin declined by 

three basis points during the first quarter, to 3.46 percent 

from 3.49 percent in the fourth quarter of 2005. Almost 

two out of every three institutions (64.8 percent) saw their 

margins decline in the first quarter. A combination of rising short-term interest rates, a flat yield curve, and a growFEDERAL DEPOSIT INSURANCE CORPORATION ALL FDIC-INSURED INSTITUTIONS 
 

 

 

FDIC Quarterly Banking Profile 

ing dependence on volatile (interest-sensitive) liabilities for funding has caused average funding costs to rise 

more rapidly than average asset yields, narrowing the 

spread between the two. Smaller institutions have had 

more success in avoiding margin erosion. Higher proportions of core deposits in their funding have kept 

their funding costs from rising as rapidly as larger institutions’. In contrast, larger institutions have seen their 

margins fall to 15-year lows. Both large and small institutions experienced margin erosion in the first quarter. 

Despite narrower margins, the industry has been able to 

grow its net interest income, thanks to strong growth in 

interest-earning assets. Earning assets increased by 9.2 

percent during the 12 months ended March 31. During 

the first quarter, earning assets increased by 3.1 percent. 

Loan Losses Recede After Spiking in Fourth Quarter 

of 2005 

Net loan losses totaled $5.5 billion in the first quarter, 

a decline of $1.7 billion (23.4 percent) from the level 

of a year earlier. This is the lowest quarterly amount of 

loan losses for the industry since the first quarter of 

2000. Virtually all of the decline occurred in chargeoffs of credit-card loans (down $1.4 billion, or 32.5 percent) and other loans to individuals (down $236 

million, or 15.8 percent). Both loan categories experienced sharp increases in charge-offs during the second 

half of last year, driven by a dramatic surge in personal 

bankruptcy filings, as many individuals sought Chapter 

7 protection ahead of more stringent bankruptcy rules 

that took effect in mid-October. Following that surge, 

bankruptcies fell back to below-normal levels, a development mirrored in the low loss rates on consumer 

loans during the first quarter. Other loan categories 

showed little or no change in loss rates compared to the 

first quarter of 2005. The annualized net charge-off 

Chart 3 

Fewer Institutions Are Seeing Their Profits Rise
 

Percent of Institutions with Quarterly Earnings Gains 

Compared to Year-Earlier Quarter 

66 

64% 

64 

62 

60 

58 

56 56% 

55% 54 

52 

50 1 2 3 4 1 2 3 4 1 

2004 2005 2006 

rate for all loans and leases declined to 0.32 percent, 

from 0.47 percent a year earlier. This is the lowest 

quarterly net charge-off rate for the industry since quarterly charge-off data became available in 1984. 

Noncurrent Loan Rate Falls to New Low 

Unlike the last two quarters of 2005, when delinquent 

rebooked GNMA mortgage loans added $4.6 billion to 

the industry’s reported noncurrent loans1, during the 

first quarter these noncurrent loans declined by $1 billion (11.0 percent), suggesting that much of the earlier 

increases reflected an adjustment to new regulatory 

reporting guidance. Total noncurrent loans and leases 

fell by $1.3 billion (2.6 percent) in the quarter, but 

remained $2.3 billion above the level of a year earlier. 

However, because of strong loan growth during the past 

12 months, the percentage of the industry’s total loans 

and leases that were noncurrent declined from 0.74 

percent to 0.71 percent during the quarter, matching 

the all-time low (in the 22 years that noncurrent loan 

data have been reported) that was reached on June 30, 

2005. In addition to lower levels of noncurrent 

rebooked GNMA mortgages, the amounts of creditcard and other consumer loans that were noncurrent 

declined, by $574 million (8.4 percent) and $165 million (4.2 percent), respectively. Noncurrent commercial and industrial (C&I) loans fell by $256 million 

(3.1 percent) during the quarter. Noncurrent real 

estate construction and development loans increased by 

$265 million (15.4 percent), and noncurrent home 

equity loans rose by $290 million (22.7 percent), but 

the noncurrent rates for these loan categories remained 

low. 

1 See Notes to Users, p. 17. 

Chart 4 

Institutions of All Sizes Had Margin Declines
 

Net Interest Margin (%) 

5.0 

4.5 

3.5 

4.0 

Assets < $100 Million 

Assets > $100 Million 

4.18% 

3.44% 

4.15% 

4.06% 

3.0 

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

2002 2003 2004 2005 2006 

FIRST QUARTER 2006 2 ALL FDIC-INSURED INSTITUTIONS 
 

FDIC Quarterly Banking Profile 

Lower Loan Losses Provide a Boost to Reserves 

While the industry reduced its loan-loss provisions in 

the first quarter, net charge-offs fell even more sharply, 

so that provisions exceeded charge-offs by $466 million. For only the second time in the last 13 quarters, 

large institutions added more to reserves through loss 

provisions than they took out in net charge-offs. As a 

result, loss reserves grew by $308 million (0.4 percent). 

This increase did not keep pace with loan growth, and 

the industry’s ratio of reserves to loans dipped from 1.15 

percent to 1.13 percent during the quarter. However, 

the reduction in noncurrent loans meant that the “coverage ratio” improved from $1.55 in reserves for every 

$1.00 of noncurrent loans to $1.60. 

Mergers Add More Goodwill to Equity Capital 

Equity capital increased by $44.8 billion (4.0 percent) 

during the quarter, as goodwill rose by $26.9 billion 

(10.8 percent). Retained earnings totaled $18.5 billion 

in the first quarter, slightly less (-$164 million, -0.9 percent) than in the first quarter of 2005. The industry’s 

equity capital to assets ratio increased from 10.29 percent to 10.38 percent during the quarter, matching a 

67-year high, but goodwill now comprises almost onequarter of total equity capital (23.8 percent). Regulatory capital, which does not include goodwill, also 

increased during the quarter. The industry’s leverage 

capital ratio rose from 8.25 percent to 8.27 percent, the 

highest level since its establishment as a regulatory capital standard. Both the tier 1 risk-based capital ratio 

and the total risk-based capital ratio increased as well, 

albeit not to all-time highs. 

Commercial Loans, Mortgage Assets Register Strong 

Growth 

Mortgage-related assets accounted for almost one-third 

(30.3 percent) of total asset growth in the first quarter. 

Institutions’ holdings of mortgage-backed securities 

(MBS) increased by $47.4 billion (4.2 percent), and 

residential mortgage loans grew by $57.2 billion (2.8 

percent). Home equity loans fell for a second consecutive quarter, declining by $3.6 billion (0.7 percent), as 

borrowers continued to refinance their variable-rate 

home equity loans into fixed-rate junior lien mortgages. 

Commercial and industrial loans registered their largest 

quarterly increase ever, growing by $47.5 billion (4.4 

percent). Real estate construction and development 

loans grew by $34.5 billion (7.7 percent) during the 

quarter, and are up by 34.6 percent over the last 12 

months. Loans secured by commercial real estate properties increased by $12.9 billion (1.6 percent). Growth 

in construction and commercial real estate lending has 

comprised a substantial share of total loan growth at 

smaller institutions. At the end of March, real estate 

construction and development loans, multifamily residential loans and loans secured by commercial real 

estate properties together accounted for more than 42 

percent of all loans at institutions with less than $1 billion in assets. Six years ago, these loans represented 

less than 28 percent of all loans at these institutions. 

Interest-Rate Contracts Lead Surge in Derivatives 

The notional amount of derivatives contracts reported 

by insured commercial banks and state-chartered savings banks increased by $9.2 trillion (9.0 percent) in 

the first quarter, with interest-rate contracts registering 

a $7.8-trillion (9.2-percent increase). Most of the 

Chart 5 Chart 6 

Asset Quality Trend Rebounds After One-Time 

Events in Second Half of 2005 

Quarterly Change in Noncurrent Loans and Net Charge-Offs ($ Billion) 

A Growing Number of Institutions Have Concentrations 

of Exposure to Commercial Real Estate Loans 

March 31, 2006 Number of Institutions 

-2.5 

-3.2 

-0.2 

-7.2 

-4.8 

-0.2 

-4.5 

-0.8 

-3.5 

-5.7 

-1.6 

2.7 

4.5 

-8.0 

-6.0 

-4.0 

-2.0 

0.0 

2.0 

4.0 

6.0 

1Q03 2Q03 3Q03 4Q03 1Q04 2Q04 3Q04 4Q04 1Q05 2Q05 3Q05 4Q05 1Q06 

3,000 

2,500 

2,217 

Construction loans > 100% of total capital 

Construction, multifamily & nonfarm nonresidential 

loans > 300% of total capital 2,432 

2,631 

2,000 2,014 

1,877 

2,029 

1,590 1,688 

1,500 1,373 1,406 

1,000 845 

1,055 1,179 

1,001 

500 

0 2000 2001 2002 2003 2004 2005 2006 

ALL FDIC-INSURED INSTITUTIONS 3 FIRST QUARTER 2006 
 

 

 

FDIC Quarterly Banking Profile 

growth ($9.1 trillion, or 98.7 percent) was in contracts 

held for trading. The number of institutions reporting 

derivatives contracts held for trading increased from 

133 to 148 during the quarter. The notional amount of 

contracts held for purposes other than trading declined 

slightly, by $39.0 billion (1.5 percent), although the 

number of institutions holding derivatives contracts for 

purposes other than trading increased from 857 to 904 

during the quarter. Assets securitized and sold declined 

by $152.9 billion (13.7 percent) in the quarter, led by a 

$144.0-billion (26.9-percent) drop in securitized 1-4 

family residential real estate loans. The number of 

insured institutions reporting securitization activities 

increased from 117 to 119 in the first quarter. Assets 

sold with recourse but not securitized increased by $9.7 

billion (13.3 percent), as the number of institutions 

reporting asset sales increased from 670 to 687. Most of 

the growth in asset sales ($8.5 billion, or 88.1 percent 

of the total increase) occurred in 1-4 family residential 

real estate loans. 

Higher Interest Rates Stimulate Deposit Growth 

Deposits registered strong growth in the first quarter, 

particularly interest-bearing deposits in domestic offices 

and foreign office deposits. Domestic interest-bearing 

deposits increased by $138.2 billion (2.8 percent), and 

deposits in foreign offices rose by $67.2 billion (7.3 percent). Large-denomination (over $100,000) time 

deposits increased by $54.8 billion (4.3 percent), while 

total deposits in accounts of over $100,000 increased by 

only $28.7 billion (0.9 percent), indicating a runoff of 

large demand deposits and an influx of investment-oriented accounts in response to higher interest rates. 

Total non-interest bearing deposits fell by $27.8 billion 

(2.3 percent) during the quarter. While deposits proChart 7 

Composition of Securitized Assets* 

FDIC-Insured Commercial and State-Chartered Savings Banks, March 31, 2006 

All Other Loans and 


Assets, 11%
 

C&I Loans, 1% 

Other Consumer
 

Loans, 4%
 

Mortgage Loans (including 

Home Equity), 42% 

Credit Cards, 42% 

* Assets securitized and sold with servicing retained or with recourse or other


 seller-provided credit enhancements.
 

vided the largest share of new funding, nondeposit liabilities increased by $110.5 billion (4.2 percent). 

No Failures in Last Seven Quarters, as “Problem 

List” Continues to Shrink 

The number of insured institutions reporting declined 

to 8,790 in the first quarter, from 8,833 at the end of 

2005. There were 43 new institutions added during the 

quarter, while 85 institutions were absorbed by mergers. 

For the seventh consecutive quarter, no insured institution failed, extending the longest period since the creation of the FDIC in 1933 without a failure. The last 

time an insured institution failed was in June, 2004. 

Further underlining the health of the industry, the 

number of institutions on the FDIC’s “Problem List” 

declined for the twelfth time in the last fourteen quarters. At the end of March, there were 48 insured 

“problem” institutions, down from 52 at the end of 

2005. Total assets of “problem” institutions declined 

from $6.6 billion to $5.4 billion during the first quarter. 

During the quarter, 128 institutions converted to Subchapter S corporations, and an additional 8 new charters came in as Subchapter S corporations. At the end 

of March, there were 2,366 FDIC-insured institutions 

operating as S corporations; more than one in three 

institutions with assets of less than $100 million — 

35.2 percent — are now S corporations. This type of 

organization allows qualifying entities to avoid an extra 

layer of federal taxation on dividends.2 Six mutuallyowned savings institutions, with combined assets of $5 

billion, converted to stock ownership during the first 

quarter. 

2 See Notes to Users, p. 18 

Chart 8 

A Rising Portion of the Industry Is Opting for 

Subchapter SStatus 

Number of Subchapter S Corporations 

2,500 2,366 

2,240 2,241 2,246 2,250 

2,136 2,145 2,140 2,137 

2,020 

2,000 1,854 

1,682 

1,481 1,500 1,323 

1,068 

1,000 

604 

500 

0 12/97 12/98 12/99 12/00 12/01 12/02 12/03 3/04 6/04 9/04 12/04 3/05 6/05 9/05 12/05 3/06 

FIRST QUARTER 2006 4 ALL FDIC-INSURED INSTITUTIONS 
FDIC Quarterly Banking Profile 

TABLE I-A. Selected Indicators, All FDIC-Insured Institutions* 

2006** 2005** 2005 2004 2003 2002 2001 

Return on assets (%) ................................................................ 1.35 1.34 1.30 1.28 1.38 1.30 1.14 

Return on equity (%) ................................................................. 13.07 13.01 12.74 13.20 15.04 14.11 13.02 

Core capital (leverage) ratio (%) ............................................... 8.27 8.17 8.25 8.11 7.88 7.86 7.79 

Noncurrent assets plus 

other real estate owned to assets (%) ................................... 0.48 0.50 0.50 0.53 0.75 0.90 0.87 

Net charge-offs to loans (%) ..................................................... 0.32 0.47 0.50 0.56 0.78 0.97 0.83 

Asset growth rate (%) ............................................................... 8.98 9.69 7.64 11.35 7.58 7.20 5.44 

Net interest margin (%) ............................................................. 3.46 3.53 3.52 3.54 3.73 3.96 3.78 

Net operating income growth (%) ............................................. 9.51 11.98 11.44 4.17 15.98 17.86 -0.48 

Number of institutions reporting ................................................ 8,790 8,931 8,833 8,976 9,181 9,354 9,614 

Commercial banks ................................................................. 7,491 7,600 7,527 7,631 7,770 7,888 8,080 

Savings institutions ................................................................ 1,299 1,331 1,306 1,345 1,411 1,466 1,534 

Percentage of unprofitable institutions (%) ............................... 6.60 5.34 6.17 5.96 5.98 6.67 8.24 

Number of problem institutions ................................................. 48 80 52 80 116 136 114 

Assets of problem institutions (in billions) ................................. $5 $28 $7 $28 $30 $39 $40 

Number of failed/assisted institutions ....................................... 0 0 0 4 3 11 4 

* Excludes insured branches of foreign banks (IBAs).
 

** Through March 31, ratios annualized where appropriate. Asset growth rates are for 12 months ending March 31.
 

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

(dollar figures in millions) 

Number of institutions reporting .......................................................................... 

1st Quarter 

2006 

4th Quarter 

2005 

1st Quarter 

2005 

%Change 

05:1-06:1 

8,790 8,833 8,931 -1.6 

Total employees (full-time equivalent) ................................................................. 

CONDITION DATA 

2,173,048 2,150,742 2,104,618 3.3 

Total assets ......................................................................................................... $11,210,088 $10,877,316 $10,286,355 9.0 

Loans secured by real estate ........................................................................... 4,246,945 4,141,162 3,788,601 12.1 

1-4 Family residential mortgages .................................................................. 2,101,567 2,044,338 1,886,868 11.4 

Commercial real estate ................................................................................. 837,983 825,052 767,757 9.1 

Construction and development ...................................................................... 483,414 448,910 359,166 34.6 

Home equity lines .......................................................................................... 530,647 534,267 507,956 4.5 

Commercial & industrial loans .......................................................................... 1,133,102 1,085,621 1,000,053 13.3 

Loans to individuals .......................................................................................... 923,614 947,895 907,526 1.8 

Credit cards ................................................................................................... 358,622 395,203 363,749 -1.4 

Farm loans ....................................................................................................... 49,323 51,698 45,380 8.7 

Other loans & leases ........................................................................................ 514,171 493,013 462,200 11.2 

Less: Unearned income ................................................................................... 3,345 3,156 3,077 8.7 

Total loans & leases ......................................................................................... 6,863,809 6,716,233 6,200,683 10.7 

Less: Reserve for losses .................................................................................. 77,673 77,365 79,694 -2.5 

Net loans and leases ........................................................................................ 6,786,136 6,638,868 6,120,988 10.9 

Securities .......................................................................................................... 1,956,246 1,893,176 1,888,499 3.6 

Other real estate owned ................................................................................... 5,118 4,082 4,243 20.6 

Goodwill and other intangibles ......................................................................... 381,080 344,602 325,950 16.9 

All other assets ................................................................................................. 2,081,508 1,996,588 1,946,675 6.9 

Total liabilities and capital ................................................................................... 11,210,088 10,877,316 10,286,355 9.0 

Deposits ........................................................................................................... 7,318,790 7,141,284 6,708,778 9.1 

Domestic office deposits ............................................................................... 6,330,979 6,220,636 5,827,158 8.6 

Foreign office deposits .................................................................................. 987,811 920,648 881,620 12.0 

Other borrowed funds ....................................................................................... 2,118,137 2,062,860 1,957,418 8.2 

Subordinated debt ............................................................................................ 135,458 131,428 122,515 10.6 

All other liabilities .............................................................................................. 474,158 422,968 441,992 7.3 

Equity capital .................................................................................................... 1,163,544 1,118,775 1,055,652 10.2 

Loans and leases 30-89 days past due ............................................................... 56,373 58,552 49,451 14.0 

Noncurrent loans and leases ............................................................................... 48,594 49,907 46,252 5.1 

Restructured loans and leases ............................................................................ 3,481 3,342 2,534 37.4 

Direct and indirect investments in real estate ...................................................... 1,101 1,082 874 26.0 

Mortgage-backed securities ................................................................................ 1,187,135 1,139,749 1,142,360 3.9 

Earning assets ..................................................................................................... 9,795,053 9,498,001 8,967,313 9.2 

FHLB Advances .................................................................................................. 598,051 598,341 546,084 9.5 

Unused loan commitments .................................................................................. 7,297,861 7,121,074 6,484,707 12.5 

Trust assets ......................................................................................................... 17,431,929 16,531,832 15,352,189 13.5 

Assets securitized and sold*** ............................................................................. 962,330 1,115,191 916,196 5.0 

Notional amount of derivatives*** ........................................................................ 111,134,304 101,925,559 91,861,153 21.0 

INCOME DATA 

1st Quarter 

2005 

%Change 

05:1-06:1 

Full Year 

2005 

Full Year 

2004 %Change 

1st Quarter 

2006 

Total interest income .................................................................................... . 

Total interest expense .................................................................................. . 

Net interest income .................................................................................... 

Provision for loan and lease losses .............................................................. 

Total noninterest income ............................................................................... . 

Total noninterest expense ............................................................................. . 

Securities gains (losses) ............................................................................... 

Applicable income taxes ............................................................................... 

Extraordinary gains, net ................................................................................ 

Net income ................................................................................................. 

Net charge-offs ........................................................................................... 

Cash dividends ............................................................................................. 

Retained earnings ......................................................................................... 

Net operating income ................................................................................... 

$523,380 $418,440 25.1 $151,750 $119,922 26.5 

204,953 123,274 66.3 68,479 41,700 64.2 

318,426 295,166 7.9 83,271 78,222 6.5 

29,756 28,947 2.8 5,956 6,190 -3.8 

221,994 202,638 9.6 61,093 55,380 10.3 

317,261 295,505 7.4 84,295 77,513 8.8 

4,930 7,206 -31.6 671 845 -20.6 

64,620 58,558 10.4 17,731 16,719 6.1 

252 294 -14.2 203 5 N/M 

133,965 122,294 9.5 37,254 34,030 9.5 

31,589 32,019 -1.3 5,490 7,170 -23.4 

73,170 64,889 12.8 18,768 15,379 22.0 

60,795 57,405 5.9 18,487 18,651 -0.9 

130,406 117,015 11.4 36,620 33,438 9.5 

*** Call Report filers only. N/M - Not Meaningful 

ALL FDIC-INSURED INSTITUTIONS 5 FIRST QUARTER 2006 
FDIC Quarterly Banking Profile 

TABLE III-A. First Quarter 2006, All FDIC-Insured Institutions 

FIRST QUARTER 

(The way it is...) 

Number of institutions reporting ............................. 

All Insured 

Institutions 

Asset Concentration Groups* 

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 

8,790 30 4 1,647 4,631 867 118 435 998 60 

Commercial banks ............................................... 7,491 28 4 1,641 4,194 195 88 388 907 46 

Savings institutions .............................................. 1,299 2 0 6 437 672 30 47 91 14 

Total assets (in billions) .......................................... $11,210.1 $370.2 $1,972.3 $140.3 $3,846.0 $1,746.3 $98.4 $49.2 $127.0 $2,860.4 

Commercial banks ............................................... 9,333.4 355.9 1,972.3 139.6 3,435.9 412.6 52.4 40.3 108.7 2,815.7 

Savings institutions .............................................. 1,876.7 14.2 0.0 0.7 410.2 1,333.7 46.0 8.9 18.3 44.6 

Total deposits (in billions) ....................................... 7,318.8 106.2 1,193.4 114.6 2,804.9 1,005.2 66.5 36.3 104.3 1,887.3 

Commercial banks ............................................... 6,217.9 104.0 1,193.4 114.0 2,536.7 256.5 30.8 29.9 89.9 1,862.6 

Savings institutions .............................................. 1,100.9 2.2 0.0 0.6 268.2 748.7 35.7 6.4 14.4 24.7 

Net income (in millions) .......................................... 37,254 4,169 5,560 441 12,899 4,499 524 213 337 8,614 

Commercial banks ............................................... 32,061 4,093 5,560 439 11,705 1,032 289 131 301 8,510 

Savings institutions .............................................. 

Performance Ratios (annualized,%) 

5,193 75 0 2 1,194 3,466 235 82 36 104 

Yield on earning assets .......................................... 6.30 12.68 5.66 6.48 6.56 5.93 7.49 5.10 5.96 5.84 

Cost of funding earning assets ............................... 2.84 3.62 3.10 2.43 2.64 3.11 2.93 2.01 2.20 2.77 

Net interest margin .............................................. 3.46 9.05 2.56 4.05 3.92 2.82 4.56 3.10 3.76 3.08 

Noninterest income to assets ................................. 2.22 11.13 3.13 0.64 1.45 1.17 2.58 8.21 0.91 2.14 

Noninterest expense to assets ............................... 3.06 9.04 3.35 2.69 2.86 2.19 3.19 8.09 2.93 2.82 

Loan and lease loss provision to assets ................. 0.22 2.33 0.25 0.13 0.16 0.06 0.32 0.06 0.10 0.09 

Net operating income to assets .............................. 1.33 4.42 1.17 1.27 1.34 0.96 2.14 1.71 1.04 1.23 

Pretax return on assets .......................................... 1.99 7.10 1.65 1.54 1.96 1.64 3.29 2.82 1.34 1.83 

Return on assets .................................................... 1.35 4.58 1.16 1.26 1.36 1.05 2.19 1.74 1.07 1.22 

Return on equity ..................................................... 13.07 18.75 14.33 11.82 13.22 9.61 22.54 9.23 9.63 12.72 

Net charge-offs to loans and leases ....................... 0.32 2.96 0.53 0.09 0.18 0.11 0.95 0.16 0.11 0.18 

Loan and lease loss provision to net charge-offs ... 108.50 109.92 107.27 207.22 133.24 78.58 43.03 155.96 170.30 91.17 

Efficiency ratio ........................................................ 56.92 45.70 62.22 61.28 56.56 57.46 47.23 72.55 66.98 57.98 

% of unprofitable institutions .................................. 6.60 6.67 0.00 3.34 7.02 8.19 3.39 18.39 4.21 1.67 

% of institutions with earnings gains ...................... 

Condition Ratios (%) 

56.34 60.00 100.00 51.85 66.27 31.72 53.39 45.52 43.79 56.67 

Earning assets to total assets ................................ 

Loss allowance to: 

87.38 75.93 83.73 92.16 89.77 91.88 90.75 87.97 91.87 84.85 

Loans and leases ................................................ 1.13 4.52 1.36 1.41 1.16 0.48 1.42 1.51 1.28 0.89 

Noncurrent loans and leases ............................... 

Noncurrent assets plus 

159.84 262.00 151.39 157.58 190.02 69.48 227.78 201.90 163.96 144.90 

other real estate owned to assets ....................... 0.48 1.17 0.42 0.67 0.49 0.55 0.51 0.24 0.54 0.37 

Equity capital ratio .................................................. 10.38 27.22 7.95 10.81 10.28 10.81 9.63 18.77 11.09 9.57 

Core capital (leverage) ratio ................................... 8.27 17.54 6.15 10.46 8.56 9.38 9.46 15.90 11.00 7.12 

Tier 1 risk-based capital ratio ................................. 10.73 17.29 8.20 14.39 10.12 15.46 11.69 36.16 18.33 9.27 

Total risk-based capital ratio .................................. 13.06 20.20 11.64 15.49 12.11 16.96 12.71 37.23 19.54 11.83 

Net loans and leases to deposits ........................... 92.72 225.05 71.21 79.10 95.69 123.42 112.92 31.27 66.38 80.86 

Net loans to total assets ......................................... 60.54 64.59 43.09 64.60 69.79 71.05 76.28 23.06 54.54 53.35 

Domestic deposits to total assets ........................... 

Structural Changes 

56.48 25.84 30.47 81.67 70.87 57.30 66.09 71.98 82.17 55.55 

New Charters ...................................................... 43 0 0 1 12 0 2 25 3 0 

Institutions absorbed by mergers ........................ 85 0 0 6 67 4 0 4 2 2 

Failed Institutions ................................................ 

PRIOR FIRST QUARTERS 

(The way it was...) 

0 0 0 0 0 0 0 0 0 0 

Number of institutions ................................... 2005 8,931 28 5 1,698 4,489 971 134 459 1,079 68

 ................................. 2003 9,314 41 5 1,800 4,100 1,072 172 501 1,524 99

 ................................. 2001 9,822 57 6 1,941 3,972 1,251 250 496 1,765 84 

Total assets (in billions) ................................ 2005 $10,286.4 $363.7 $1,875.5 $135.1 $3,466.6 $1,582.0 $110.9 $54.5 $137.0 $2,561.0

 ................................. 2003 8,605.7 289.3 1,275.2 121.7 3,054.1 1,418.3 366.0 59.1 201.9 1,820.2 

.................................. 2001 7,572.7 334.1 1,185.7 116.0 3,775.9 1,064.5 89.8 52.2 206.8 747.7 

Return on assets (%) .................................... 2005 1.34 3.22 0.92 1.28 1.32 1.20 1.52 1.52 1.17 1.48

 ................................. 2003 1.39 3.59 1.08 1.23 1.32 1.53 1.57 1.23 1.13 1.25

 ................................. 2001 1.21 2.87 1.14 1.19 1.21 1.01 0.79 1.83 1.05 0.92 

Net charge-offs to loans & leases (%) .......... 2005 0.47 4.39 0.76 0.13 0.22 0.10 1.49 0.22 0.21 0.18

 ................................. 2003 0.81 5.49 1.51 0.15 0.55 0.18 0.90 0.36 0.25 0.61

 ................................. 2001 

Noncurrent assets plus 

0.64 3.78 0.55 0.17 0.52 0.13 0.68 0.45 0.20 0.68 

OREO to assets (%) ..................................... 2005 0.50 1.26 0.54 0.71 0.49 0.41 0.52 0.30 0.56 0.42

 ................................. 2003 0.86 1.54 1.10 0.97 0.86 0.68 0.81 0.63 0.72 0.76

 ................................. 2001 0.75 1.48 0.67 0.80 0.81 0.51 1.19 0.24 0.61 0.62 

Equity capital ratio (%) .................................. 2005 10.26 21.96 8.17 10.79 9.95 10.83 11.10 17.10 10.79 9.97

 ................................. 2003 9.20 16.59 7.20 10.78 9.36 9.01 8.45 16.06 10.57 8.97

 ................................. 2001 8.63 12.07 6.62 10.82 8.99 8.26 7.73 16.94 10.48 7.69 

* See Table IV-A (page 8) for explanations. 

FIRST QUARTER 2006 6 ALL FDIC-INSURED INSTITUTIONS 
FDIC Quarterly Banking Profile 

TABLE III-A. First Quarter 2006, All FDIC-Insured Institutions 

FIRST QUARTER 

(The way it is...) 

Number of institutions reporting ............................. 

All 

Insured 

Institutions 

Asset Size Distribution Geographic Regions* 

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 

8,790 3,826 4,333 512 119 1,106 1,225 1,863 2,055 1,783 758 

Commercial banks ............................................... 7,491 3,422 3,593 390 86 579 1,081 1,536 1,951 1,659 685 

Savings institutions .............................................. 1,299 404 740 122 33 527 144 327 104 124 73 

Total assets (in billions) .......................................... $11,210.1 $199.0 $1,258.6 $1,396.7 $8,355.8 $2,866.5 $2,759.4 $2,604.0 $819.6 $620.7 $1,539.9 

Commercial banks ............................................... 9,333.4 178.5 1,011.9 1,072.2 7,070.8 2,233.1 2,580.9 2,452.6 784.9 522.0 759.9 

Savings institutions .............................................. 1,876.7 20.5 246.7 324.5 1,285.0 633.4 178.5 151.4 34.8 98.6 780.0 

Total deposits (in billions) ....................................... 7,318.8 164.2 1,011.4 992.0 5,151.2 1,891.5 1,863.7 1,616.9 589.0 471.9 885.8 

Commercial banks ............................................... 6,217.9 148.5 825.4 765.3 4,478.7 1,479.5 1,744.3 1,509.0 566.1 414.4 504.7 

Savings institutions .............................................. 1,100.9 15.7 186.1 226.7 672.4 412.0 119.4 107.8 23.0 57.6 381.1 

Net income (in millions) .......................................... 37,254 490 3,816 4,477 28,471 9,420 9,082 6,998 3,229 2,004 6,522 

Commercial banks ............................................... 32,061 446 3,287 3,693 24,636 7,955 8,620 6,691 3,156 1,693 3,947 

Savings institutions .............................................. 

Performance Ratios (annualized, %) 

5,193 44 529 785 3,836 1,465 462 307 73 311 2,575 

Yield on earning assets .......................................... 6.30 6.43 6.61 6.45 6.23 6.20 6.11 5.80 6.90 6.53 7.22 

Cost of funding earning assets ............................... 2.84 2.25 2.52 2.69 2.94 2.92 2.81 2.96 2.53 2.55 2.87 

Net interest margin .............................................. 3.46 4.18 4.09 3.76 3.28 3.28 3.30 2.85 4.37 3.98 4.35 

Noninterest income to assets ................................. 2.22 1.19 1.22 1.57 2.50 2.61 1.89 2.22 2.91 1.40 2.03 

Noninterest expense to assets ............................... 3.06 3.63 3.18 2.94 3.05 3.29 2.67 2.89 4.10 3.22 3.00 

Loan and lease loss provision to assets ................. 0.22 0.16 0.15 0.16 0.24 0.28 0.09 0.15 0.24 0.15 0.44 

Net operating income to assets .............................. 1.33 0.97 1.21 1.27 1.37 1.31 1.33 1.10 1.60 1.21 1.63 

Pretax return on assets .......................................... 1.99 1.27 1.67 1.92 2.08 1.92 1.99 1.63 2.34 1.69 2.70 

Return on assets .................................................... 1.35 0.99 1.22 1.29 1.39 1.34 1.33 1.10 1.59 1.31 1.72 

Return on equity ..................................................... 13.07 8.04 11.96 12.05 13.57 12.34 13.64 12.02 15.21 12.82 13.88 

Net charge-offs to loans and leases ....................... 0.32 0.11 0.12 0.18 0.39 0.47 0.16 0.23 0.35 0.16 0.52 

Loan and lease loss provision to net charge-offs ... 108.50 224.28 196.11 135.63 100.89 107.62 95.49 117.80 98.36 149.10 109.38 

Efficiency ratio ........................................................ 56.92 71.86 63.32 57.55 55.57 57.88 55.16 60.40 59.70 63.97 49.18 

% of unprofitable institutions .................................. 6.60 11.81 2.72 1.76 0.84 9.04 9.88 6.12 4.57 4.88 8.44 

% of institutions with earnings gains ...................... 

Condition Ratios (%) 

56.34 49.84 60.58 66.80 65.55 44.94 68.98 47.45 53.58 61.19 70.45 

Earning assets to total assets ................................ 

Loss Allowance to: 

87.38 92.17 91.98 90.83 85.99 86.22 87.03 86.70 86.27 89.58 90.98 

Loans and leases ................................................ 1.13 1.34 1.21 1.17 1.11 1.28 0.94 1.15 1.23 1.19 1.12 

Noncurrent loans and leases ............................... 

Noncurrent assets plus 

159.84 148.21 193.20 202.26 149.14 186.60 218.69 138.34 114.20 126.62 153.01 

other real estate owned to assets ....................... 0.48 0.69 0.52 0.43 0.48 0.39 0.31 0.53 0.84 0.68 0.60 

Equity capital ratio .................................................. 10.38 12.30 10.25 10.82 10.28 11.16 9.77 9.02 10.48 10.19 12.36 

Core capital (leverage) ratio ................................... 8.27 12.36 9.91 9.31 7.74 8.28 7.42 7.28 8.97 8.64 10.89 

Tier 1 risk-based capital ratio ................................. 10.73 18.44 13.53 12.44 9.88 11.53 9.41 9.04 10.83 12.20 14.16 

Total risk-based capital ratio .................................. 13.06 19.52 14.68 13.75 12.58 14.18 11.63 11.73 13.03 13.57 15.93 

Net loans and leases to deposits ........................... 92.72 74.75 84.20 92.08 95.09 81.89 90.34 89.58 96.63 79.46 131.09 

Net loans to total assets ......................................... 60.54 61.69 67.66 65.40 58.62 54.03 61.01 55.62 69.44 60.42 75.41 

Domestic deposits to total assets ........................... 

Structural Changes 

56.48 82.52 80.25 70.37 49.95 47.90 60.73 52.92 68.12 75.47 56.96 

New Charters ...................................................... 43 41 0 2 0 6 19 3 3 7 5 

Institutions absorbed by mergers ........................ 85 31 44 9 1 10 20 17 16 15 7 

Failed Institutions ................................................ 

PRIOR FIRST QUARTERS 

(The way it was...) 

0 0 0 0 0 0 0 0 0 0 0 

Number of institutions ................................... 2005 8,931 4,053 4,285 480 113 1,118 1,220 1,932 2,089 1,824 748

 ................................ 2003 9,314 4,614 4,135 456 109 1,201 1,243 2,046 2,159 1,893 772

 ................................ 2001 9,822 5,379 3,909 434 100 1,282 1,300 2,172 2,255 1,993 820 

Total assets (in billions) ................................ 2005 $10,286.4 $210.1 $1,207.8 $1,324.5 $7,544.1 $2,843.6 $2,274.0 $2,423.0 $762.9 $618.5 $1,364.4

 ................................ 2003 8,605.7 235.8 1,138.2 1,292.0 5,939.7 2,938.4 1,749.1 1,608.2 437.1 591.7 1,281.3

 ................................ 2001 7,572.7 261.1 1,032.6 1,220.7 5,058.3 2,650.4 1,559.2 1,316.1 457.2 507.7 1,082.1 

Return on assets (%) .................................... 2005 1.34 1.04 1.21 1.34 1.36 1.31 1.44 1.01 1.67 1.28 1.64

 ................................ 2003 1.39 1.02 1.19 1.33 1.45 1.26 1.36 1.40 1.53 1.39 1.64

 ................................ 2001 1.21 0.95 1.12 1.24 1.24 1.15 1.13 1.04 1.21 1.20 1.71 

Net charge-offs to loans & leases (%) .......... 2005 0.47 0.12 0.15 0.27 0.57 0.72 0.22 0.32 0.58 0.20 0.63

 ................................ 2003 0.81 0.19 0.27 0.49 1.03 1.24 0.62 0.63 1.04 0.37 0.65

 ................................ 2001 

Noncurrent assets plus 

0.64 0.18 0.24 0.60 0.77 0.74 0.57 0.57 0.79 0.31 0.72 

OREO to assets (%) ..................................... 2005 0.50 0.74 0.54 0.48 0.49 0.52 0.32 0.51 0.78 0.59 0.52

 ................................ 2003 0.86 0.92 0.76 0.69 0.92 0.94 0.76 0.98 0.82 0.83 0.72

 ................................ 2001 0.75 0.72 0.62 0.72 0.79 0.73 0.84 0.79 0.70 0.72 0.67 

Equity capital ratio (%) .................................. 2005 10.26 11.85 10.08 10.74 10.16 11.29 8.49 9.24 10.55 10.80 12.48

 ................................ 2003 9.20 11.35 10.02 10.09 8.76 8.88 9.22 8.60 10.61 9.60 9.97

 ................................ 2001 8.63 11.41 9.96 9.12 8.10 8.31 8.98 8.03 9.83 9.19 8.89 

* See Table IV-A (page 9) for explanations. 

ALL FDIC-INSURED INSTITUTIONS 7 FIRST QUARTER 2006 
FDIC Quarterly Banking Profile 

TABLE IV-A. Full Year 2005, All FDIC-Insured Institutions 

Number of institutions reporting .............................. 

All Insured 

Institutions 

Asset Concentration Groups* 

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 

8,833 33 4 1,685 4,617 887 125 425 995 62 

Commercial banks ............................................... 7,527 30 4 1,680 4,185 202 96 376 908 46 

Savings institutions .............................................. 1,306 3 0 5 432 685 29 49 87 16 

Total assets (in billions) .......................................... $10,877.3 $358.2 $1,851.2 $142.3 $4,257.2 $1,655.1 $117.3 $47.7 $128.7 $2,319.6 

Commercial banks ............................................... 9,039.7 344.4 1,851.2 141.9 3,827.0 402.1 59.5 37.0 110.8 2,265.8 

Savings institutions .............................................. 1,837.6 13.9 0.0 0.4 430.2 1,253.0 57.7 10.6 17.9 53.8 

Total deposits (in billions) ....................................... 7,141.3 102.8 1,135.4 116.1 3,070.9 966.3 70.5 34.5 105.2 1,539.5 

Commercial banks ............................................... 6,073.3 100.4 1,135.4 115.7 2,812.1 247.9 35.4 27.1 91.0 1,508.3 

Savings institutions .............................................. 1,067.9 2.3 0.0 0.4 258.8 718.5 35.1 7.4 14.2 31.3 

Net income (in millions) .......................................... 133,965 10,325 15,563 1,744 55,542 16,753 1,759 1,012 1,366 29,901 

Commercial banks ............................................... 114,074 9,903 15,563 1,739 50,458 4,407 870 551 1,242 29,340 

Savings institutions .............................................. 

Performance Ratios (%) 

19,891 422 0 5 5,083 12,346 889 461 124 560 

Yield on earning assets .......................................... 5.79 11.73 5.10 6.11 5.95 5.34 7.30 4.36 5.64 5.35 

Cost of funding earning assets ............................... 2.27 3.08 2.50 1.99 2.07 2.56 2.72 1.56 1.83 2.14 

Net interest margin .............................................. 3.52 8.65 2.60 4.11 3.88 2.79 4.58 2.80 3.80 3.21 

Noninterest income to assets ................................. 2.15 9.99 2.80 0.70 1.48 1.12 2.80 8.09 1.02 2.30 

Noninterest expense to assets ............................... 3.07 9.25 3.32 2.76 2.80 2.15 3.44 7.26 3.03 2.92 

Loan and lease loss provision to assets ................. 0.29 3.65 0.31 0.15 0.17 0.08 1.11 0.07 0.14 0.06 

Net operating income to assets .............................. 1.26 2.68 0.90 1.28 1.36 0.92 1.53 2.12 1.07 1.38 

Pretax return on assets ........................................... 1.92 4.49 1.26 1.56 1.99 1.68 2.42 3.31 1.37 2.12 

Return on assets ..................................................... 1.30 2.90 0.86 1.27 1.37 1.07 1.55 2.19 1.09 1.41 

Return on equity ..................................................... 12.74 13.52 10.43 11.81 12.73 11.51 14.75 11.37 9.92 15.33 

Net charge-offs to loans and leases ....................... 0.50 4.64 0.87 0.18 0.23 0.12 1.44 0.26 0.23 0.25 

Loan and lease loss provision to net charge-offs ... 94.20 103.86 79.99 128.22 111.86 95.66 98.19 111.64 106.13 42.62 

Efficiency ratio ........................................................ 57.28 50.91 65.41 61.28 55.46 57.80 49.38 67.37 66.79 56.62 

% of unprofitable institutions ................................... 6.17 9.09 0.00 1.54 7.45 5.30 2.40 18.35 4.32 1.61 

% of institutions with earnings gains ....................... 

Condition Ratios (%) 

64.43 45.45 75.00 60.00 74.01 47.69 57.60 46.35 52.66 46.77 

Earning assets to total assets ................................. 

Loss Allowance to: 

87.32 80.79 83.33 91.70 88.92 91.56 90.78 87.53 91.72 84.86 

Loans and leases ................................................ 1.15 4.23 1.40 1.39 1.15 0.49 1.56 1.45 1.26 0.89 

Noncurrent loans and leases ............................... 

Noncurrent assets plus 

155.02 241.29 141.53 169.38 187.70 68.69 253.75 188.07 159.65 128.78 

other real estate owned to assets ........................... 0.50 1.33 0.46 0.61 0.48 0.56 0.51 0.24 0.54 0.39 

Equity capital ratio .................................................. 10.29 21.56 8.30 10.55 10.83 9.39 10.11 19.48 10.83 9.53 

Core capital (leverage) ratio ................................... 8.25 17.25 6.29 10.40 8.91 7.68 9.35 16.84 10.74 7.18 

Tier 1 risk-based capital ratio .................................. 10.65 15.34 8.23 14.35 10.66 12.61 11.55 38.68 17.92 9.51 

Total risk-based capital ratio ................................... 12.96 18.05 11.71 15.45 12.78 14.16 12.90 39.84 19.13 11.84 

Net loans and leases to deposits ............................ 92.96 253.07 72.04 78.46 93.80 123.14 130.21 31.00 67.10 79.66 

Net loans to total assets ......................................... 61.03 72.60 44.18 64.00 67.66 71.89 78.32 22.43 54.85 52.87 

Domestic deposits to total assets ........................... 

Structural Changes 

57.19 26.13 31.81 81.57 69.55 58.03 59.28 70.33 81.75 55.72 

New Charters ....................................................... 179 1 0 2 45 10 0 117 4 0 

Institutions absorbed by mergers ........................ 310 2 0 20 214 18 1 5 8 42 

Failed Institutions ................................................. 

PRIOR FULL YEARS 

(The way it was...) 

0 0 0 0 0 0 0 0 0 0 

Number of institutions ................................... 2004 8,976 34 5 1,731 4,424 990 132 466 1,119 75

 ................................. 2002 9,354 40 5 1,823 4,070 1,107 196 488 1,525 100

 ................................. 2000 9,904 56 7 1,977 3,954 1,266 288 512 1,755 89 

Total assets (in billions) ................................ 2004 10,105.6 382.7 1,881.3 138.7 3,301.6 1,503.6 104.1 52.0 143.2 2,598.4

 ................................. 2002 8,435.7 299.2 1,273.1 123.8 2,960.6 1,342.0 166.5 60.1 197.4 2,013.0

 ................................. 2000 7,462.9 295.1 1,229.5 120.4 3,823.3 1,000.2 87.8 50.8 205.4 650.5 

Return on assets (%) .................................... 2004 1.28 4.03 0.76 1.22 1.29 1.18 1.66 1.68 1.10 1.32

 ................................. 2002 1.30 3.60 0.74 1.24 1.30 1.31 1.35 1.08 1.14 1.33

 ................................. 2000 1.14 3.00 1.06 1.22 1.12 0.96 1.09 1.42 1.13 0.91 

Net charge-offs to loans & leases (%) .......... 2004 0.56 4.66 0.91 0.22 0.30 0.12 1.57 0.59 0.29 0.25

 .................................. 2002 0.97 6.12 1.77 0.29 0.65 0.20 1.07 1.36 0.35 0.81

 .................................. 2000 

Noncurrent assets plus 

0.59 3.72 0.51 0.23 0.50 0.11 0.49 1.62 0.28 0.62 

OREO to assets (%) ..................................... 2004 0.53 1.50 0.57 0.68 0.51 0.43 0.53 0.31 0.59 0.45

 .................................. 2002 0.90 1.68 1.19 0.85 0.87 0.71 1.28 0.59 0.70 0.75

 .................................. 2000 0.71 1.56 0.66 0.69 0.76 0.48 1.11 0.22 0.57 0.58 

Equity capital ratio (%) .................................. 2004 10.29 20.56 8.05 10.78 10.10 10.55 11.36 17.47 10.79 10.23

 ................................. 2002 9.20 15.48 7.14 10.76 9.36 9.07 7.35 17.18 10.62 9.10

 ................................. 2000 8.49 12.25 6.73 10.43 8.66 8.28 7.94 16.15 10.30 7.90 

*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. 

FIRST QUARTER 2006 8 ALL FDIC-INSURED INSTITUTIONS 
FDIC Quarterly Banking Profile 

TABLE IV-A. Full Year 2005, All FDIC-Insured Institutions 

Number of institutions reporting ............................. 

All 

Insured 

Institutions 

Asset Size Distribution Geographic Regions* 

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 

8,833 3,864 4,339 512 118 1,110 1,227 1,874 2,070 1,791 761 

Commercial banks ............................................... 7,527 3,459 3,593 391 84 583 1,084 1,543 1,964 1,668 685 

Savings institutions .............................................. 1,306 405 746 121 34 527 143 331 106 123 76 

Total assets (in billions) .......................................... $10,877.3 $200.8 $1,247.5 $1,393.2 $8,035.9 $2,768.2 $2,683.9 $2,505.9 $803.6 $607.7 $1,508.0 

Commercial banks ............................................... 9,039.7 180.1 1,000.8 1,074.7 6,784.1 2,149.6 2,510.1 2,353.6 769.1 513.3 744.0 

Savings institutions .............................................. 1,837.6 20.7 246.7 318.5 1,251.8 618.6 173.8 152.3 34.5 94.4 764.0 

Total deposits (in billions) ....................................... 7,141.3 165.6 998.7 973.7 5,003.2 1,829.7 1,815.3 1,581.4 589.2 461.5 864.1 

Commercial banks ............................................... 6,073.3 149.7 813.7 754.4 4,355.6 1,429.9 1,703.1 1,473.6 566.7 407.4 492.6 

Savings institutions .............................................. 1,067.9 15.9 185.1 219.3 647.7 399.8 112.2 107.8 22.6 54.1 371.5 

Net income (in millions) .......................................... 133,965 1,935 14,682 16,984 100,365 32,851 34,977 24,279 12,458 6,771 22,629 

Commercial banks ............................................... 114,074 1,737 12,449 13,893 85,995 26,549 33,319 22,928 12,166 5,622 13,490 

Savings institutions .............................................. 

Performance Ratios (%) 

19,891 197 2,233 3,091 14,369 6,302 1,658 1,351 292 1,149 9,139 

Yield on earning assets .......................................... 5.79 6.01 6.15 5.89 5.70 5.73 5.72 5.29 6.45 5.82 6.43 

Cost of funding earning assets ............................... 2.27 1.84 2.05 2.16 2.33 2.36 2.26 2.35 1.95 1.98 2.23 

Net interest margin .............................................. 3.52 4.16 4.10 3.72 3.37 3.37 3.46 2.94 4.50 3.84 4.20 

Noninterest income to assets ................................. 2.15 1.16 1.27 1.62 2.40 2.51 1.89 2.08 2.97 1.46 1.87 

Noninterest expense to assets ............................... 3.07 3.56 3.18 2.97 3.06 3.28 2.76 2.94 4.16 3.12 2.82 

Loan and lease loss provision to assets ................. 0.29 0.18 0.20 0.19 0.32 0.40 0.11 0.15 0.37 0.21 0.60 

Net operating income to assets .............................. 1.26 0.98 1.22 1.24 1.28 1.19 1.37 1.03 1.63 1.18 1.45 

Pretax return on assets .......................................... 1.92 1.28 1.69 1.91 1.98 1.80 2.11 1.47 2.37 1.59 2.51 

Return on assets .................................................... 1.30 1.00 1.24 1.29 1.31 1.22 1.42 1.00 1.62 1.19 1.61 

Return on equity ..................................................... 12.74 8.06 12.08 12.07 13.11 11.59 15.05 10.79 15.26 12.28 12.99 

Net charge-offs to loans and leases ....................... 0.50 0.20 0.19 0.24 0.61 0.81 0.24 0.33 0.56 0.24 0.70 

Loan and lease loss provision to net charge-offs ... 94.20 149.07 153.38 116.89 88.74 90.34 77.50 80.11 89.01 140.97 113.59 

Efficiency ratio ........................................................ 57.28 70.94 62.60 58.13 56.03 58.54 54.97 62.39 58.71 62.76 48.51 

% of unprofitable institutions .................................. 6.17 10.92 2.60 1.95 7.57 9.29 4.38 3.62 5.64 11.70 

% of institutions with earnings gains ...................... 

Condition Ratios (%) 

64.43 58.23 68.68 73.63 71.19 58.20 76.53 59.61 59.47 65.66 76.48 

Earning assets to total assets ................................ 

Loss Allowance to: 

87.32 91.84 91.70 90.72 85.94 86.86 86.49 86.35 86.52 89.21 90.92 

Loans and leases ................................................ 1.15 1.33 1.21 1.15 1.14 1.30 0.97 1.16 1.24 1.19 1.14 

Noncurrent loans and leases ............................... 

Noncurrent assets plus 

155.02 149.63 191.37 195.61 144.23 173.42 223.95 134.02 110.51 117.22 154.00 

other real estate owned to assets .......................... 0.50 0.68 0.52 0.44 0.50 0.44 0.30 0.54 0.86 0.73 0.60 

Equity capital ratio .................................................. 10.29 12.17 10.21 10.68 10.18 10.54 9.80 9.23 10.45 10.17 12.40 

Core capital (leverage) ratio ................................... 8.25 12.21 9.84 9.24 7.72 8.31 7.32 7.33 8.83 8.64 10.85 

Tier 1 risk-based capital ratio ................................. 10.65 18.20 13.50 12.34 9.79 11.54 9.24 9.00 10.67 12.10 14.07 

Total risk-based capital ratio .................................. 12.96 19.29 14.64 13.68 12.46 14.19 11.40 11.70 12.89 13.39 15.87 

Net loans and leases to deposits ........................... 92.96 74.93 84.07 93.66 95.20 83.85 89.02 89.54 96.30 80.00 131.49 

Net loans to total assets ......................................... 61.03 61.81 67.31 65.46 59.27 55.42 60.21 56.50 70.61 60.76 75.34 

Domestic deposits to total assets ........................... 

Structural Changes 

57.19 82.48 79.93 69.17 50.95 48.58 61.08 54.22 70.32 75.34 56.70 

New Charters ...................................................... 179 164 10 4 1 27 47 22 19 20 44 

Institutions absorbed by mergers ........................ 310 116 161 23 10 46 38 87 53 56 30 

Failed Institutions ................................................ 

PRIOR FULL YEARS 

(The way it was...) 

0 0 0 0 0 0 0 0 0 0 0 

Number of institutions ................................... 2004 8,976 4,093 4,286 480 117 1,129 1,219 1,951 2,094 1,834 749

 ................................ 2002 9,354 4,680 4,118 450 106 1,212 1,237 2,055 2,167 1,901 782

 ................................ 2000 9,904 5,464 3,898 437 105 1,292 1,307 2,197 2,268 2,014 826 

Total assets (in billions) ................................ 2004 $10,105.6 $211.7 $1,199.6 $1,317.0 $7,377.3 $2,855.0 $2,177.1 $2,387.5 $768.2 $603.1 $1,314.7

 ................................ 2002 8,435.7 237.8 1,124.9 1,279.1 5,793.9 2,892.6 1,711.1 1,572.0 440.1 581.5 1,238.3

 ................................ 2000 7,462.9 262.1 1,018.5 1,199.1 4,983.2 2,580.7 1,570.8 1,255.4 461.9 561.2 1,032.9 

Return on assets (%) .................................... 2004 1.28 1.00 1.19 1.45 1.27 1.37 1.34 0.88 1.55 1.26 1.61

 ................................ 2002 1.30 0.99 1.16 1.44 1.31 1.11 1.34 1.28 1.58 1.41 1.58

 ................................ 2000 1.14 0.95 1.15 1.20 1.14 1.23 1.02 1.02 1.33 1.04 1.23 

Net charge-offs to loans & leases (%) .......... 2004 0.56 0.28 0.27 0.39 0.65 0.88 0.31 0.41 0.74 0.27 0.60

 ................................ 2002 0.97 0.32 0.41 0.69 1.18 1.45 0.71 0.77 1.19 0.44 0.81

 ................................. 2000 

Noncurrent assets plus 

0.59 0.37 0.27 0.59 0.67 0.67 0.61 0.39 0.76 0.37 0.67 

OREO to assets (%) ..................................... 2004 0.53 0.74 0.56 0.51 0.53 0.58 0.35 0.55 0.81 0.61 0.51

 ................................ 2002 0.90 0.85 0.74 0.69 0.98 1.01 0.78 1.00 0.82 0.81 0.74

 ................................ 2000 0.71 0.66 0.59 0.67 0.75 0.71 0.82 0.74 0.62 0.66 0.62 

Equity capital ratio (%) .................................. 2004 10.29 11.82 10.19 10.89 10.15 11.21 8.74 9.36 10.62 10.78 12.10

 ................................ 2002 9.20 11.28 10.06 10.06 8.76 8.85 9.37 8.57 10.34 9.60 9.98

 ................................ 2000 8.49 11.33 9.82 8.94 7.96 8.31 8.61 7.98 9.48 8.78 8.75 

* 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 Islands 

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 

ALL FDIC-INSURED INSTITUTIONS 9 FIRST QUARTER 2006 
FDIC Quarterly Banking Profile 

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

March 31, 2006 All Insured 

Institutions 

Asset Concentration Groups* 

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 ......................................... 0.73 3.74 0.85 1.33 0.69 0.76 1.12 1.28 1.28 0.66 

Construction and development ....................................... 0.67 0.00 1.50 1.31 0.65 0.84 0.77 1.88 1.18 0.60 

Commercial real estate ................................................... 0.54 16.95 0.76 1.18 0.54 0.45 0.52 0.65 0.95 0.43 

Multifamily residential real estate .................................... 0.38 0.00 1.23 0.65 0.44 0.14 0.15 0.55 0.63 0.53 

Home equity loans .......................................................... 0.46 2.68 0.49 0.61 0.40 0.44 0.29 0.74 0.73 0.53 

Other 1-4 family residential ............................................. 0.90 4.97 0.88 1.76 1.01 0.84 1.52 1.53 1.52 0.78 

Commercial and industrial loans ........................................ 0.75 2.18 1.16 1.58 0.73 0.75 1.08 1.16 1.49 0.35 

Loans to individuals ............................................................ 1.57 2.07 1.74 1.98 1.21 0.91 1.26 1.94 1.90 1.36 

Credit card loans ............................................................. 2.01 2.13 2.00 1.82 1.86 1.41 1.14 2.98 1.42 2.02 

Other loans to individuals ................................................ 1.28 1.52 1.58 1.99 1.13 0.71 1.30 1.84 1.92 1.26 

All other loans and leases (including farm) ........................ 0.45 0.16 0.30 1.29 0.79 0.70 0.14 1.17 0.74 0.28 

Total loans and leases ....................................................... 

Percent of Loans Noncurrent** 

0.82 2.02 1.02 1.40 0.74 0.76 1.17 1.36 1.35 0.63 

All real estate loans ............................................................ 0.69 1.61 1.11 0.87 0.60 0.70 0.37 0.71 0.79 0.73 

Construction and development ....................................... 0.41 0.00 1.15 0.77 0.38 0.67 0.11 0.71 0.74 0.36 

Commercial real estate ................................................... 0.58 0.00 1.12 1.10 0.57 0.49 0.32 0.78 1.08 0.52 

Multifamily residential real estate .................................... 0.28 0.00 0.43 1.02 0.28 0.15 0.01 0.41 1.12 0.53 

Home equity loans .......................................................... 0.29 1.71 0.29 0.37 0.24 0.26 0.03 0.29 0.25 0.38 

Other 1-4 family residential ............................................. 0.91 1.51 1.45 0.78 0.96 0.80 0.51 0.72 0.69 0.96 

Commercial and industrial loans ........................................ 0.70 1.30 0.78 1.42 0.71 0.67 0.82 1.11 1.09 0.57 

Loans to individuals ............................................................ 1.08 1.82 1.43 0.74 0.55 0.44 0.76 0.66 0.60 0.64 

Credit card loans ............................................................. 1.74 1.89 1.74 1.95 1.46 1.06 1.01 0.88 1.10 1.56 

Other loans to individuals ................................................ 0.66 1.07 1.26 0.68 0.44 0.20 0.66 0.64 0.58 0.49 

All other loans and leases (including farm) ........................ 0.26 0.05 0.20 0.68 0.40 0.51 0.41 0.61 0.54 0.16 

Total loans and leases ....................................................... 

Percent of Loans Charged-off (net, YTD) 

0.71 1.73 0.90 0.89 0.61 0.68 0.62 0.75 0.78 0.62 

All real estate loans ............................................................ 0.05 1.01 0.11 0.02 0.06 0.04 0.06 0.00 0.02 0.05 

Construction and development ....................................... 0.02 0.00 0.06 -0.01 0.03 0.02 0.01 -0.01 0.04 0.01 

Commercial real estate ................................................... 0.02 0.00 0.05 0.04 0.02 0.05 -0.09 -0.01 0.06 0.01 

Multifamily residential real estate .................................... 0.01 0.00 0.00 -0.01 0.01 -0.01 -0.02 -0.40 -0.12 0.09 

Home equity loans .......................................................... 0.12 1.56 0.13 0.02 0.17 0.07 0.04 0.00 0.04 0.11 

Other 1-4 family residential ............................................. 0.06 0.49 0.11 0.05 0.08 0.04 0.09 0.03 0.01 0.04 

Commercial and industrial loans ........................................ 0.22 2.21 0.03 0.28 0.27 0.14 2.21 0.14 0.26 0.14 

Loans to individuals ............................................................ 1.80 3.09 2.07 0.50 0.91 1.41 1.31 0.74 0.47 1.05 

Credit card loans ............................................................. 3.11 3.31 2.67 4.63 2.97 3.28 2.30 0.75 2.71 3.13 

Other loans to individuals ................................................ 0.91 0.62 1.69 0.26 0.66 0.72 0.89 0.74 0.37 0.70 

All other loans and leases (including farm) ........................ 0.11 0.00 -0.03 0.00 0.37 0.49 0.26 0.31 0.00 0.07 

Total loans and leases ....................................................... 

Loans Outstanding (in billions) 

0.32 2.96 0.53 0.09 0.18 0.11 0.95 0.16 0.11 0.18 

All real estate loans ............................................................ $4,246.9 $2.2 $239.9 $51.3 $1,857.5 $1,136.3 $26.4 $7.5 $49.6 $876.3 

Construction and development ....................................... 483.4 0.0 7.1 4.2 368.8 28.5 0.7 0.6 3.3 70.1 

Commercial real estate ................................................... 838.0 0.0 16.5 13.5 600.9 48.9 2.1 2.1 12.0 142.0 

Multifamily residential real estate .................................... 191.8 0.0 2.1 1.0 116.7 52.4 0.1 0.2 0.9 18.5 

Home equity loans .......................................................... 530.6 1.2 65.9 1.0 182.7 112.4 6.2 0.3 2.0 159.1 

Other 1-4 family residential ............................................. 2,101.6 1.0 108.6 14.3 558.3 893.3 17.1 4.0 28.1 476.8 

Commercial and industrial loans ........................................ 1,133.1 9.8 225.7 13.0 534.0 42.0 7.2 1.5 7.2 292.7 

Loans to individuals ............................................................ 923.6 228.7 205.3 6.3 192.0 59.6 41.4 1.8 9.0 179.6 

Credit card loans ............................................................. 358.6 208.5 75.9 0.3 20.7 16.6 12.0 0.1 0.3 24.1 

Other loans to individuals ................................................ 565.0 20.1 129.4 6.0 171.3 43.0 29.4 1.6 8.7 155.4 

All other loans and leases (including farm) ........................ 563.5 9.8 192.2 21.4 133.3 8.9 1.3 0.7 4.3 191.7 

Total loans and leases ....................................................... 

Memo: Other Real Estate Owned (in millions) 

6,867.2 250.4 863.0 92.0 2,716.8 1,246.7 76.3 11.5 70.2 1,540.3 

All other real estate owned ................................................. 5,117.7 -0.2 455.1 112.2 2,257.2 1,148.0 25.7 23.6 130.2 966.0 

Construction and development ....................................... 411.9 0.0 1.0 5.4 319.9 56.8 0.5 0.8 11.1 16.3 

Commercial real estate ................................................... 1,228.7 0.1 8.0 45.1 903.6 64.5 4.9 14.3 52.4 135.9 

Multifamily residential real estate .................................... 263.8 0.0 0.0 3.7 69.1 4.5 0.0 2.2 9.2 175.0 

1-4 family residential ....................................................... 2,239.6 1.2 140.1 37.9 798.2 801.1 19.8 5.2 51.1 384.9 

Farmland ......................................................................... 59.7 0.0 0.0 20.1 26.7 1.1 0.5 1.0 5.9 4.4 

* See Table IV-A (page 8) 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.
 

FIRST QUARTER 2006 10 ALL FDIC-INSURED INSTITUTIONS 
FDIC Quarterly Banking Profile 

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

March 31, 2006 

All 

Insured 

Institutions 

Asset Size Distribution Geographic Regions* 

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 ............................. 0.73 1.32 0.82 0.61 0.72 0.69 0.60 0.86 0.82 1.04 0.66 

Construction and development ........................... 0.67 1.04 0.78 0.61 0.64 0.90 0.44 0.95 0.89 0.68 0.52 

Commercial real estate ....................................... 0.54 1.04 0.62 0.54 0.45 0.52 0.40 0.75 0.59 0.70 0.36 

Multifamily residential real estate ........................ 0.38 0.95 0.66 0.42 0.29 0.36 0.22 0.88 0.70 0.61 0.17 

Home equity loans .............................................. 0.46 0.63 0.54 0.42 0.46 0.39 0.45 0.47 0.68 0.38 0.39 

Other 1-4 family residential ................................. 0.90 1.70 1.10 0.73 0.88 0.76 0.80 1.06 0.95 1.73 0.85 

Commercial and industrial loans ............................ 0.75 1.61 1.06 0.90 0.66 1.19 0.37 0.62 0.80 0.96 0.77 

Loans to individuals ............................................... 1.57 2.21 1.53 1.25 1.59 1.77 1.41 1.17 1.76 1.20 1.75 

Credit card loans ................................................. 2.01 2.13 2.92 1.44 2.03 2.03 2.01 1.54 2.32 0.67 2.16 

Other loans to individuals .................................... 1.28 2.21 1.38 1.19 1.26 1.54 1.32 1.06 1.29 1.33 0.94 

All other loans and leases (including farm) ............ 0.45 1.28 0.85 0.62 0.39 0.30 0.47 0.52 0.56 0.92 0.59 

Total loans and leases ........................................... 

Percent of Loans Noncurrent** 

0.82 1.44 0.90 0.70 0.81 0.94 0.63 0.81 0.92 1.04 0.83 

All real estate loans ................................................ 0.69 0.83 0.57 0.52 0.75 0.53 0.41 0.96 1.23 1.02 0.61 

Construction and development ........................... 0.41 0.67 0.48 0.32 0.41 0.51 0.26 0.66 0.48 0.44 0.26 

Commercial real estate ....................................... 0.58 0.93 0.63 0.55 0.55 0.52 0.44 0.88 0.64 0.71 0.36 

Multifamily residential real estate ........................ 0.28 0.57 0.41 0.29 0.24 0.16 0.44 0.64 0.45 0.80 0.08 

Home equity loans .............................................. 0.29 0.32 0.23 0.28 0.30 0.18 0.31 0.33 0.48 0.19 0.17 

Other 1-4 family residential ................................. 0.91 0.87 0.61 0.70 0.98 0.54 0.47 1.38 2.08 1.86 0.83 

Commercial and industrial loans ............................ 0.70 1.34 0.95 0.89 0.63 0.69 0.48 0.82 0.72 0.95 0.78 

Loans to individuals ............................................... 1.08 0.82 0.63 0.50 1.17 1.38 0.76 0.61 1.33 0.44 1.37 

Credit card loans ................................................. 1.74 1.25 2.05 1.07 1.77 1.75 1.54 1.23 2.28 0.59 1.87 

Other loans to individuals .................................... 0.66 0.81 0.48 0.33 0.72 1.07 0.65 0.42 0.54 0.40 0.36 

All other loans and leases (including farm) ............ 0.26 0.84 0.57 0.54 0.20 0.19 0.15 0.38 0.31 0.75 0.33 

Total loans and leases ........................................... 

Percent of Loans Charged-off (net, YTD) 

0.71 0.90 0.62 0.58 0.74 0.69 0.43 0.83 1.07 0.94 0.73 

All real estate loans ................................................ 0.05 0.03 0.02 0.04 0.06 0.04 0.04 0.11 0.05 0.05 0.02 

Construction and development ........................... 0.02 0.01 0.02 0.05 0.01 0.01 0.02 0.03 0.09 0.02 0.01 

Commercial real estate ....................................... 0.02 0.03 0.02 0.02 0.02 0.01 0.02 0.05 -0.01 0.08 -0.01 

Multifamily residential real estate ........................ 0.01 0.08 -0.02 0.00 0.02 0.00 0.09 0.01 -0.02 -0.02 0.00 

Home equity loans .............................................. 0.12 0.04 0.03 0.13 0.13 0.05 0.09 0.21 0.18 0.15 0.01 

Other 1-4 family residential ................................. 0.06 0.05 0.03 0.04 0.06 0.04 0.04 0.12 0.04 0.04 0.04 

Commercial and industrial loans ............................ 0.22 0.27 0.26 0.30 0.19 0.10 0.18 0.12 0.38 0.24 0.64 

Loans to individuals ............................................... 1.80 0.48 0.98 1.10 1.94 2.15 0.97 1.02 1.84 0.70 2.94 

Credit card loans ................................................. 3.11 2.14 5.61 1.79 3.14 2.82 3.08 2.43 3.08 1.18 3.91 

Other loans to individuals .................................... 0.91 0.45 0.49 0.90 0.97 1.53 0.61 0.56 0.69 0.58 0.96 

All other loans and leases (including farm) ............ 0.11 0.10 0.11 0.27 0.10 0.01 0.16 0.20 0.07 0.23 0.15 

Total loans and leases ........................................... 

Loans Outstanding (in billions) 

0.32 0.11 0.12 0.18 0.39 0.47 0.16 0.23 0.35 0.16 0.52 

All real estate loans ................................................ $4,246.9 $82.9 $666.6 $675.3 $2,822.1 $816.8 $1,126.0 $832.9 $352.7 $259.3 $859.2 

Construction and development ........................... 483.4 10.0 124.1 124.8 224.6 54.5 160.7 99.8 41.6 58.0 68.9 

Commercial real estate ....................................... 838.0 23.5 229.9 209.9 374.7 164.2 215.3 176.7 77.0 80.4 124.5 

Multifamily residential real estate ........................ 191.8 1.9 26.7 46.4 116.9 51.8 25.2 31.2 8.7 6.1 68.9 

Home equity loans .............................................. 530.6 2.9 34.9 47.1 445.7 65.0 171.0 154.7 54.9 17.0 67.9 

Other 1-4 family residential ................................. 2,101.6 34.9 228.3 237.1 1,601.2 439.2 537.7 357.2 154.4 89.4 523.6 

Commercial and industrial loans ............................ 1,133.1 18.2 112.8 140.9 861.3 270.5 269.8 317.9 90.1 65.6 119.2 

Loans to individuals ............................................... 923.6 10.7 51.5 75.0 786.4 303.1 156.7 177.2 77.0 39.4 170.2 

Credit card loans ................................................. 358.6 0.2 4.7 17.4 336.3 138.9 20.8 42.8 35.0 7.9 113.2 

Other loans to individuals .................................... 565.0 10.5 46.8 57.6 450.1 164.2 135.9 134.3 42.0 31.5 57.0 

All other loans and leases (including farm) ............ 563.5 12.7 31.8 33.6 485.4 180.4 147.8 137.3 56.6 15.3 26.2 

Total loans and leases ........................................... 

Memo: Other Real Estate Owned (in millions) 

6,867.2 124.5 862.6 924.8 4,955.2 1,570.7 1,700.2 1,465.3 576.3 379.7 1,174.9 

All other real estate owned .................................... 5,117.7 252.2 1,142.6 647.4 3,075.4 469.5 1,006.7 1,568.9 678.4 669.2 725.1 

Construction and development ........................... 411.9 27.9 172.6 114.7 96.7 19.2 111.9 72.5 41.3 133.3 33.6 

Commercial real estate ....................................... 1,228.7 101.5 524.5 234.4 368.3 110.5 295.0 297.2 152.9 270.9 102.1 

Multifamily residential real estate ........................ 263.8 6.8 50.6 28.2 178.2 2.9 184.9 33.6 9.9 26.5 6.0 

1-4 family residential ........................................... 2,239.6 99.6 355.9 258.5 1,525.5 265.8 389.8 762.9 227.8 185.5 407.7 

Farmland ............................................................. 59.7 16.1 31.2 5.8 6.6 1.2 3.7 4.7 18.1 23.6 8.4 

* See Table IV-A (page 9) 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.
 

ALL FDIC-INSURED INSTITUTIONS 11 FIRST QUARTER 2006 
FDIC Quarterly Banking Profile 

TABLE VI-A. Derivatives, All FDIC-Insured Commercial Banks and State-Chartered Savings Banks 

(dollar figures in millions; 

notional amounts unless otherwise indicated) 

%Change 

05:1-06:1 

1st Quarter 

2006 

4th Quarter 

2005 

3rd Quarter 

2005 

2nd Quarter 

2005 

1st Quarter 

2005 

Asset Size Distribution 

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 .............................. 980 921 900 858 781 25.5 75 581 240 84 

Total assets of institutions reporting derivatives ........................ 8,025,517 7,718,481 7,599,650 7,431,807 7,269,992 10.4 $5,010 $238,526 $781,134 $7,000,847 

Total deposits of institutions reporting derivatives ........................ 5,251,251 5,095,436 4,955,885 4,831,252 4,713,742 11.4 4,017 189,461 570,583 4,487,190 

Total derivatives .................................................................. 

Derivative Contracts by Underlying Risk Exposure 

111,134,304 101,925,559 99,595,614 96,943,654 91,861,153 21.0 282 10,597 97,357 111,026,068 

Interest rate ....................................................................... 92,291,134 84,530,174 82,895,456 81,860,958 77,989,806 18.3 119 10,213 81,326 92,199,476 

Foreign exchange* ............................................................... 11,248,488 9,719,968 9,725,003 9,383,991 9,251,143 21.6 130 28 10,652 11,237,678 

Equity .............................................................................. 1,420,814 1,255,271 1,343,257 1,194,866 1,174,583 21.0 33 318 939 1,419,524 

Commodity & other (excluding credit derivatives) ........................ 701,417 598,125 538,213 398,589 321,361 118.3 0 4 4,202 697,211 

Credit ................................................................................ 5,472,451 5,822,021 5,093,684 4,105,250 3,124,260 75.2 0 33 238 5,472,180 

Total ................................................................................ 

Derivative Contracts by Transaction Type 

111,134,304 101,925,559 99,595,614 96,943,654 91,861,153 21.0 282 10,597 97,357 111,026,068 

Swaps ................................................................................ 68,887,072 64,745,267 62,135,043 60,921,671 58,335,659 18.1 28 3,701 60,800 68,822,543 

Futures & forwards .............................................................. 13,044,958 12,056,681 11,928,478 11,919,720 11,634,985 12.1 171 2,152 20,806 13,021,830 

Purchased options .............................................................. 11,584,223 9,419,433 9,796,561 9,428,221 8,785,659 31.9 9 2,492 7,964 11,573,758 

Written options .................................................................... 11,207,363 9,451,176 9,841,334 9,837,801 9,242,869 21.3 75 2,202 7,010 11,198,076 

Total ................................................................................ 

Fair Value of Derivative Contracts 

104,723,615 95,672,556 93,701,415 92,107,413 87,999,172 19.0 282 10,547 96,580 104,616,207 

Interest rate contacts ........................................................... 20,293 21,594 22,433 20,913 28,403 -28.6 1 -12 -246 20,550 

Foreign exchange contacts ................................................... 4,012 2,619 73 828 1,415 183.5 0 0 -394 4,406 

Equity contracts ................................................................. -10,628 -10,423 -5,135 -2,268 -1,521 NM 1 3 36 -10,669 

Commodity & other (excluding credit derivatives) ........................ 2,769 2,098 3,856 1,257 3,551 -22.0 0 0 -2 2,771 

Credit derivatives as guarantor ................................................ 10,229 -2,458 -368 -847 6,821 NM 0 2 1 10,227 

Credit derivatives as beneficiary ............................................. 

Derivative Contracts by Maturity** 

-9,223 2,430 1,876 2,514 -5,937 NM 0 7 1 -9,230 

Interest rate contracts ........................................... < 1 year 20,701,275 18,483,390 16,642,441 17,138,062 15,560,325 33.0 38 2,407 20,027 20,678,803 

............................ 1-5 years 29,322,652 27,683,385 27,693,826 26,722,873 26,568,782 10.4 9 4,546 24,517 29,293,579 

............................ > 5 years 21,145,459 19,825,199 18,865,701 18,113,546 17,381,274 21.7 8 1,004 24,112 21,120,333 

Foreign exchange contracts ................................... < 1 year 6,279,115 5,686,683 5,437,648 5,318,532 5,192,310 20.9 130 11 3,968 6,275,006 

............................ 1-5 years 1,455,181 1,354,036 1,355,674 1,313,066 1,314,144 10.7 0 0 5,151 1,450,030 

............................ > 5 years 721,164 687,179 687,274 684,755 691,433 4.3 0 0 10 721,153 

Equity contracts ................................................... < 1 year 288,762 321,031 342,345 342,334 275,704 4.7 5 50 214 288,492 

............................ 1-5 years 200,405 1,427,663 1,097,572 952,801 892,602 -77.5 14 107 345 199,940 

............................ > 5 years 34,279 383,131 268,326 166,107 173,442 -80.2 0 0 155 34,124 

Commodity & other contracts .................................. < 1 year 246,973 215,143 182,218 154,314 128,653 92.0 0 1 31 246,941 

............................ 1-5 years 159,618 742,276 647,773 480,423 299,126 -46.6 0 3 26 159,589 

............................ > 5 years 

Risk-Based Capital: Credit Equivalent Amount 

7,540 176,858 163,351 81,626 55,119 -86.3 0 0 0 7,540 

Total current exposure to tier 1 capital (%) ................................. 32.8 34.1 38.7 37.6 38.5 0.8 0.3 0.6 38.6 

Total potential future exposure to tier 1 capital (%) ..................... 88.5 81.2 73.5 76.5 80.5 0.5 0.2 1.2 104.0 

Total exposure (credit equivalent amount) to tier 1 capital (%) ...... 121.3 115.3 112.3 114.1 119.0 1.3 0.5 1.9 142.6 

Credit losses on derivatives*** ............................................. 

HELD FOR TRADING 

4.0 8.0 23.0 14.0 1.0 300.0 0.0 0.0 0.0 4.0 

Number of institutions reporting derivatives .............................. 148 133 128 120 121 22.3 8 40 42 58 

Total assets of institutions reporting derivatives ........................ 6,569,614 6,191,869 6,095,322 5,911,933 5,874,449 11.8 478 18,044 184,139 6,366,952 

Total deposits of institutions reporting derivatives ........................ 

Derivative Contracts by Underlying Risk Exposure 

4,249,970 4,047,826 3,924,223 3,795,345 3,765,359 12.9 386 14,204 130,937 4,104,443 

Interest rate ....................................................................... 89,806,750 82,008,032 80,439,162 79,451,914 75,576,677 18.8 4 247 23,042 89,783,457 

Foreign exchange ................................................................. 10,214,060 9,191,755 8,822,150 8,554,016 8,412,594 21.4 0 10 3,083 10,210,967 

Equity ................................................................................ 1,416,916 1,251,184 1,339,268 1,192,086 1,170,944 21.0 0 32 143 1,416,741 

Commodity & other .............................................................. 697,262 593,933 534,963 398,536 321,329 117.0 0 0 51 697,211 

Total ................................................................................ 

Trading Revenues: Cash & Derivative Instruments 

102,134,988 93,044,904 91,135,543 89,596,552 85,481,544 19.5 4 289 26,319 102,108,375 

Interest rate ....................................................................... 1,241 814 1,642 358 1,634 -24.1 0 0 10 1,232 

Foreign exchange ................................................................. 2,311 1,765 1,454 1,287 1,700 35.9 0 0 3 2,308 

Equity ................................................................................ 1,801 844 1,243 130 887 103.0 0 0 0 1,800 

Commodity & other (including credit derivatives) ........................ 313 -292 507 166 212 47.6 0 0 0 312 

Total trading revenues ........................................................... 

Share of Revenue 

5,665 3,130 4,846 1,941 4,433 27.8 0 0 12 5,653 

Trading revenues to gross revenues (%) ................................. 4.6 2.8 4.4 1.9 4.5 0.0 0.0 0.3 4.7 

Trading revenues to net operating revenues (%) ........................ 

HELD FOR PURPOSES OTHER THAN TRADING 

26.8 16.7 25.4 10.9 22.7 0.0 0.0 2.2 27.6 

Number of institutions reporting derivatives .............................. 904 857 840 799 724 24.9 68 540 216 80 

Total assets of institutions reporting derivatives ........................ 7,862,762 7,531,257 7,428,164 7,306,345 7,083,897 11.0 4,591 220,531 712,925 6,924,715 

Total deposits of institutions reporting derivatives ........................ 

Derivative Contracts by Underlying Risk Exposure 

5,138,117 4,960,966 4,829,809 4,731,114 4,582,284 12.1 3,680 174,712 517,827 4,441,899 

Interest rate ....................................................................... 2,484,384 2,522,142 2,456,294 2,409,044 2,413,129 3.0 115 9,966 58,284 2,416,019 

Foreign exchange ................................................................. 96,190 97,231 102,338 98,984 100,828 -4.6 130 1 7,030 89,029 

Equity ................................................................................ 3,898 4,087 3,989 2,780 3,639 7.1 33 286 796 2,783 

Commodity & other .............................................................. 4,155 4,192 3,250 53 32 NM 0 4 4,151 0 

Total notional amount ........................................................... 2,588,627 2,627,653 2,565,872 2,510,861 2,517,627 2.8 278 10,258 70,261 2,507,831 

All line items are reported on a quarterly basis.
 

*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 contracts.
 

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

*** The reporting of credit loses on derivatives is applicable to all banks filing the FFIEC 031 report form and to those banks filling the FFIEC 041 report form that have $300 milion or in total assets.
 

FIRST QUARTER 2006 12 ALL FDIC-INSURED INSTITUTIONS 
FDIC Quarterly Banking Profile 

TABLE VII-A. Servicing, Securitization, and Asset Sales Activities (All FDIC-Insured Commercial Banks and State-Chartered Savings Banks) 

(dollar figures in millions) 

1st 

Quarter 

2006 

4th 

Quarter 

2005 

3rd 

Quarter 

2005 

2nd 

Quarter 

2005 

1st 

Quarter 

2005 

%Change 

05:1-06:1 

Asset Size Distribution 

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.........................................................

Outstanding Principal Balance by Asset Type 

119 117 113 108 109 9.2 11 40 26 42 

1-4 family residential loans.......................................................................................... $390,805 $534,584 $480,873 $439,665 $396,597 -1.5 $29 $485 $3,686 $386,605 

Home equity loans...................................................................................................... 10,768 11,486 12,654 13,097 12,673 -15.0 0 0 531 10,237 

Credit card receivables................................................................................................ 402,214 402,939 401,782 397,797 395,268 1.8 0 5,575 3,975 392,664 

Auto loans............................................................................................................... 16,304 17,997 10,873 12,488 10,795 51.0 0 0 502 15,802 

Other consumer loans................................................................................................ 22,165 22,065 18,894 18,388 17,070 29.8 0 3 0 22,162 

Commercial and industrial loans.................................................................................... 10,703 8,534 8,267 8,780 11,874 -9.9 0 29 4,577 6,098 

All other loans, leases, and other assets*........................................................................ 109,370 117,584 90,122 81,161 71,918 52.1 0 123 1,149 108,099 

Total securitized and sold................................................................................................ 

Maximum Credit Exposure by Asset Type 

962,330 1,115,191 1,023,465 971,376 916,196 5.0 29 6,214 14,420 941,666 

1-4 family residential loans.......................................................................................... 4,153 3,812 3,729 3,762 3,122 33.0 1 2 48 4,102 

Home equity loans...................................................................................................... 2,387 2,410 2,439 2,432 2,466 -3.2 0 0 20 2,367 

Credit card receivables................................................................................................ 23,214 23,845 23,756 23,066 21,395 8.5 0 361 199 22,655 

Auto loans............................................................................................................... 798 861 594 669 623 28.1 0 0 21 778 

Other consumer loans................................................................................................ 1,612 1,826 1,600 1,585 1,547 4.2 0 0 0 1,612 

Commercial and industrial loans.................................................................................... 464 470 557 584 625 -25.8 0 0 117 346 

All other loans, leases, and other assets........................................................................ 768 1,009 2,970 2,538 1,703 -54.9 0 19 42 707 

Total credit exposure...................................................................................................... 33,395 34,232 35,645 34,636 31,482 6.1 1 382 446 32,567 

Total unused liquidity commitments provided to institution's own securitizations........................ 

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

10,867 11,448 7,719 8,452 6,238 74.2 0 0 0 10,867 

1-4 family residential loans.......................................................................................... 1.7 2.4 2.3 2.3 2.0 0.5 0.0 0.9 1.7 

Home equity loans...................................................................................................... 0.5 0.5 0.4 0.4 0.6 0.0 0.0 1.5 0.4 

Credit card receivables................................................................................................ 2.0 1.9 2.2 2.1 2.1 0.0 2.2 1.2 2.0 

Auto loans............................................................................................................... 1.1 1.0 1.1 1.0 1.0 0.0 0.0 0.7 1.1 

Other consumer loans................................................................................................ 2.5 2.7 2.4 2.9 3.0 0.0 0.0 0.0 2.5 

Commercial and industrial loans.................................................................................... 1.2 1.7 2.4 2.0 1.7 0.0 0.0 1.6 0.9 

All other loans, leases, and other assets........................................................................ 0.1 0.5 0.2 0.1 0.1 0.0 0.0 0.2 0.1 

Total loans, leases, and other assets................................................................................. 

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

1.6 2.0 2.0 2.0 1.9 0.5 2.0 1.2 1.6 

1-4 family residential loans.......................................................................................... 1.1 1.3 1.1 1.1 1.2 0.0 0.0 0.7 1.1 

Home equity loans...................................................................................................... 0.3 0.3 0.2 0.2 0.3 0.0 0.0 0.8 0.3 

Credit card receivables................................................................................................ 1.6 1.4 1.6 1.6 1.8 0.0 1.6 1.1 1.6 

Auto loans............................................................................................................... 0.2 0.1 0.2 0.1 0.1 0.0 0.0 0.1 0.2 

Other consumer loans................................................................................................ 2.1 1.9 2.0 2.3 2.3 0.0 0.0 0.0 2.1 

Commercial and industrial loans................................................................................... 0.9 1.0 1.2 1.1 0.9 0.0 0.0 1.5 0.5 

All other loans, leases, and other assets........................................................................ 0.1 0.2 0.2 0.3 0.3 0.0 0.0 0.2 0.1 

Total loans, leases, and other assets................................................................................. 

Securitized Loans, Leases, and Other Assets Charged-Off (net, YTD, annualized, %) 

1.2 1.2 1.2 1.3 1.4 0.0 1.4 1.0 1.2 

1-4 family residential loans.......................................................................................... 0.0 0.1 0.1 0.0 0.0 0.0 0.0 0.0 0.0 

Home equity loans...................................................................................................... 0.1 0.2 0.1 0.1 0.1 0.0 0.0 0.4 0.1 

Credit card receivables................................................................................................ 0.9 5.8 4.4 3.0 1.5 0.0 0.9 0.7 0.9 

Auto loans............................................................................................................... 0.2 0.4 0.5 0.3 0.2 0.0 0.0 0.1 0.2 

Other consumer loans................................................................................................ 0.5 3.0 1.9 1.6 0.8 0.0 0.0 0.0 0.5 

Commercial and industrial loans.................................................................................... 0.4 3.0 2.1 1.3 0.4 0.0 0.0 1.0 0.0 

All other loans, leases, and other assets........................................................................ 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 

Total loans, leases, and other assets................................................................................. 

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

0.4 2.2 1.8 1.3 0.7 0.0 0.8 0.5 0.4 

Home equity loans...................................................................................................... 586 389 791 771 447 31.1 0 0 23 564 

Credit card receivables................................................................................................ 72,954 98,534 96,371 96,244 91,737 -20.5 0 316 396 72,241 

Commercial and industrial loans.................................................................................... 

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

2,523 2,885 2,886 2,529 2,318 8.8 0 0 1,236 1,286 

Home equity loans...................................................................................................... 12 55 52 124 99 -87.9 0 0 0 12 

Credit card receivables................................................................................................ 72 93 172 74 65 10.8 0 10 61 0 

Commercial and industrial loans.................................................................................... 

Assets Sold with Recourse and Not Securitized 

0 0 0 0 15 -100.0 0 0 0 0 

Number of institutions reporting asset sales........................................................................ 

Outstanding Principal Balance by Asset Type 

687 670 642 633 614 11.9 161 396 84 46 

1-4 family residential loans.......................................................................................... 58,614 50,097 45,580 45,539 35,005 67.4 904 5,861 1,684 50,163 

Home equity, credit card receivables, auto, and other consumer loans................................. 902 668 594 610 537 68.0 4 31 158 709 

Commercial and industrial loans................................................................................... 6,092 5,629 5,216 5,168 5,225 16.6 19 59 124 5,890 

All other loans, leases, and other assets........................................................................ 16,607 16,159 15,558 14,428 13,949 19.1 3 45 3,252 13,308 

Total sold and not securitized.......................................................................................... 

Maximum Credit Exposure by Asset Type 

82,215 72,553 66,948 65,744 54,716 50.3 930 5,996 5,219 70,070 

1-4 family residential loans.......................................................................................... 11,796 15,283 10,972 10,908 9,880 19.4 65 1,296 944 9,491 

Home equity, credit card receivables, auto, and other consumer loans................................. 485 169 79 79 86 464.0 4 6 69 407 

Commercial and industrial loans................................................................................... 4,112 3,693 3,373 3,188 3,224 27.5 19 49 114 3,929 

All other loans, leases, and other assets........................................................................ 2,678 2,701 2,655 2,556 2,450 9.3 3 15 837 1,823 

Total credit exposure..................................................................................................... 

Support for Securitization Facilities Sponsored by Other Institutions 

19,071 21,846 17,079 16,730 15,640 21.9 91 1,366 1,964 15,651 

Number of institutions reporting securitization facilities sponsored by others.............................. 45 49 44 45 43 4.7 18 14 4 9 

Total credit exposure..................................................................................................... 746 658 1,080 1,234 800 -6.8 6 123 101 517 

Total unused liquidity commitments................................................................................. 

Other 

3,278 2,201 2,524 2,425 2,580 27.1 0 0 0 3,278 

Assets serviced for others**............................................................................................. 

Asset-backed commercial paper conduits 

2,613,602 2,600,244 2,498,958 2,428,834 2,373,328 10.1 7,399 70,884 114,742 2,420,577 

Credit exposure to conduits sponsored by institutions and others.......................................... 17,192 18,879 19,822 20,565 20,735 -17.1 0 54 0 17,139 

Unused liquidity commitments to conduits sponsored by institutions and others..................... 288,518 244,675 242,032 232,125 232,499 24.1 0 0 0 288,518 

Net servicing income (for the quarter).............................................................................. 4,694 4,406 5,039 2,906 4,989 -5.9 33 169 253 4,238 

Net securitization income (for the quarter)........................................................................... 6,735 4,776 5,917 5,865 5,639 19.4 0 201 179 6,355 

Total credit exposure to Tier 1 capital (%)***..................................................................... 6.0 6.5 6.3 6.3 5.9 0.4 1.5 2.0 7.9 

*Line item titled "All other loans and all leases" for quarters prior to March 31, 2006.
 

**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.
 

ALL FDIC-INSURED INSTITUTIONS 13 FIRST QUARTER 2006 
 

 

FDIC Quarterly Banking Profile 

Insurance Fund Indicators 

• BIF and SAIF Merged on March 31, 2006 to Form the Deposit Insurance Fund (DIF) 

• Previously Escrowed SAIF Exit Fees Recognized as Revenue to the DIF 

• Insured Deposits Grow at Fastest Pace in Four Years 

• Reserve Ratio of Combined Fund Falls 2 Basis Points, Ends First Quarter at 1.23 Percent 

On February 8, 2006, the President signed the Federal 

Deposit Insurance Reform Act of 2005. A key provision 

of the legislation was the merger of the Bank Insurance 

Fund (BIF) and the Savings Association Insurance Fund 

(SAIF) into a new Fund called the Deposit Insurance 

Fund (DIF). The BIF and the SAIF were merged to form 

the DIF on March 31, 2006. The carrying values of assets 

and liabilities of the BIF and SAIF were combined and 

recorded on the books of the new DIF. Additionally, the 

recently enacted legislation provides for SAIF exit fees to 

be deposited into the general fund of the DIF. These exit 

fees plus earned interest were recognized as revenue to the 

DIF in the first quarter of 2006. 

Total assets of the nation’s 8,803 FDIC-insured institutions 

increased by $336.7 billion (3.1 percent) during the first 

quarter of 2006. Deposits increased by $180.9 billion during the period, funding about 53.7 percent of the growth. 

Deposits in domestic offices grew by $113.8 billion (1.8 

percent), while deposits in foreign offices increased by 

$67.2 billion (7.3 percent). This was the largest quarterly 

dollar increase for foreign office deposits on record (1984­

present). Interest bearing deposits, which increased by 

$208.9 billion (3.6 percent), accounted for all of the 

deposit growth; noninterest-bearing deposits shrank by 

$27.9 billion (-2.2 percent). 

Insured deposits grew at the fastest pace (2.8 percent) in 

four years and accounted for 96 percent of all domestic 

deposit growth. Insured deposits increased by $109 billion, surpassing the $4 trillion mark for the first time. 

During the first quarter of 2006, insured deposits increased 

at 5,523 institutions (63.2 percent), decreased at 3,173 

institutions (36.3 percent), and remained unchanged at 50 

institutions. Sweeps of brokerage funds into FDIC-insured 

deposit accounts increased by $4.6 billion during the quarter to $113.5 billion. 

The DIF increased by 1.2 percent ($596 million) during 

the first quarter to $49,193 million (unaudited). This was 

the largest quarterly increase to the insurance fund since 

the third quarter of 2003 when the combined funds (BIF 

and SAIF) increased by $765 million. Nearly sixty percent of the DIF’s first quarter increase ($346 million) came 

from the recognition of SAIF exit fees into revenue at the 

merger of the BIF and SAIF. The DIF received $262 million (net of expenses) from interest on securities and other 

revenue during the quarter, and $45 million from reducing 

reserves primarily associated with prior failures. A decline 

in the market value of available-for-sale securities reduced 

the fund by $57 million. 

Despite strong quarterly growth, the DIF’s rise was not 

enough to offset the growth of insured deposits, which 

pushed the DIF reserve ratio down two basis points to 1.23 

percent. 

No insured institutions failed during the first quarter of 

2006, making this the seventh consecutive quarter without a failure. 

Deposit Funding Mix 

(Quarterly Change) 

$ Billions 

120

100 

80 

$47 

$32 $28 

$63 $66 $69 $73 

$62 

Foreign $109 

$87 

$77 $74 

$93 

$42 

$29 

$69 

$94 

$2 

$39 

$48 

-$8 

$46 

$16 $13 

$8 

$18 

$67 

3/04 6/04 9/04 12/04 3/05 6/05 9/05 12/05 3/06 

Insured Domestic Uninsured Domestic 

60 

40 

20 

0 

20 

FIRST QUARTER 2006 14 ALL FDIC-INSURED INSTITUTIONS 
 

 

 

 

 

FDIC Quarterly Banking Profile 

TABLE I-B. Insurance Fund Balances and Selected Indicators 

(dollar figures in millions) Deposit Insurance Fund 

1st Quarter 

2006 

4th Quarter 

2005 

3rd Quarter 

2005 

2nd Quarter 

2005 

1st Quarter 

2005 

4th Quarter 

2004 

3rd Quarter 

2004 

Beginning Fund Balance*................................. 

Changes in Fund Balances: 

$48,597 $48,373 $48,023 $47,617 $47,507 $46,990 $46,521 

Assessments earned.......................................... 5 13 20 14 14 30 30 

Interest earned on investment securities.................. 478 675 536 657 474 536 535 

Operating expenses.......................................... 224 252 227 254 233 247 239 

Provision for insurance losses.............................. -45 -19 -65 -57 -19 -231 -40 

All other income, net of expenses**........................ 

Unrealized gain/(loss) on available-for-sale 

349 4 3 4 3 9 2 

securities...................................................... -57 -235 -47 -72 -167 -42 101 

Total fund balance change.................................... 596 224 350 406 110 517 469 

Ending Fund Balance*....................................... 49,193 48,597 48,373 48,023 47,617 47,507 46,990

 Percent change from four quarters earlier............ 3.31 2.29 2.94 3.23 2.27 3.23 2.94 

Reserve Ratio (%)............................................. 1.23 1.25 1.26 1.28 1.29 1.31 1.32 

Estimated Insured Deposits .............................. 4,001,641 3,892,545 3,830,899 3,757,685 3,689,834 3,622,054 3,555,582

 Percent change from four quarters earlier............ 8.45 7.47 7.74 6.38 5.44 4.91 4.14 

Assessment Base............................................. 6,272,998 6,174,758 6,038,662 5,879,173 5,799,325 5,673,560 5,516,063

 Percent change from four quarters earlier............ 8.17 8.83 9.47 8.48 9.26 9.43 7.21 

Number of institutions reporting........................ 8,803 8,845 8,870 8,881 8,943 8,988 9,038 

DIF Reserve Ratios* 

Percent of Insured Deposits 1.40 

1.36 

1.32 

1.28 

1.24 

1.20 

1.16 

12/00 12/02 6/03 12/03 6/04 12/04 6/05 12/05 

1.37 

1.29 1.29 

1.30 

1.31 

1.34 

1.33 1.33 

1.32 1.32 

1.31 

1.29 

1.28 

1.26 

1.25 

1.23 

TABLE II-B. Failed/Assisted Institutions 

Deposit Insurance Fund Balance and Insured Deposits* 

($Millions) 

DIF-Insured 

DIF Balance Deposits 

12/00 41,734 3,055,088 

12/01 41,374 3,210,737 

12/02 43,797 3,383,679 

3/03 44,288 3,399,215 

6/03 44,883 3,438,358 

9/03 45,648 3,414,317 

12/03 46,022 3,452,411 

3/04 46,558 3,499,465 

6/04 46,521 3,532,476 

9/04 46,990 3,555,582 

12/04 47,507 3,622,054 

3/05 47,617 3,689,834 

6/05 48,023 3,757,685 

9/05 48,373 3,830,899 

12/05 48,597 3,892,545 

3/06 49,193 4,001,641 

(dollar figures in millions) 2006*** 2005*** 2005 2004 2003 2002 2001 

Problem Institutions

 Number of institutions....................................... 

Total assets................................................... 

Failed/Assisted Institutions

 Number of institutions....................................... 

Total assets................................................... 

48 

$5,416 

0 

$0 

80

$28,186 

0 

$0 

52 

$6,607 

0

$0 

80 

$28,250 

4 

$166 

116 

$29,917 

3 

$1,097 

136 

$38,927 

11 

$2,558 

114

$39,805 

4 

$2,254 

* Prior to 2006, amounts represent sum of separate BIF and SAIF amounts.
 

** First Quarter 2006 includes previously escrowed revenue from SAIF-member exit fees.
 

*** Through March 31. 


ALL FDIC-INSURED INSTITUTIONS 15 FIRST QUARTER 2006 
FDIC Quarterly Banking Profile FDIC Quarterly Banking Profile 

TABLE III-B. Estimated FDIC-Insured Deposits by Type of Institution 

(dollar figures in millions) 

March 31, 2006 

Commercial Banks and Savings Institutions 

Number of 

Institutions 

Total 

Assets 

Domestic 

Deposits* 

Est. Insured 

Deposits 

FDIC-Insured Commercial Banks .................................................................... 7,491 9,333,431 5,230,117 3,159,360 

FDIC-Supervised ...................................................................................... 4,793 1,735,525 1,290,499 867,345 

OCC-Supervised ....................................................................................... 1,799 6,268,441 3,138,005 1,785,280 

Federal Reserve-Supervised ....................................................................... 899 1,329,466 801,614 506,735 

FDIC-Insured Savings Institutions ................................................................... 1,299 1,876,657 1,100,862 841,146

 OTS-Supervised Savings Institutions ............................................................ 856 1,547,660 868,481 663,470

 FDIC-Supervised State Savings Banks .......................................................... 

Total Commercial Banks and 

443 328,997 232,381 177,676 

Savings Institutions ................................................................................... 

Other FDIC-Insured Institutions 

8,790 11,210,088 6,330,979 4,000,505 

U.S. Branches of Foreign Banks ..................................................................... 13 15,081 10,069 1,136 

Total FDIC-Insured Institutions .............................................................................. 8,803 11,225,169 6,341,049 4,001,641 

* Excludes $988 billion in foreign office deposits, which are uninsured. 

TABLE IV-B. Assessment Base Distribution and Rate Schedules 

DIF Assessment Base Distribution, Assessable Deposits in Billions as of March 31, 2006 

Supervisory and Capital Ratings for Second Semiannual Assessment Period, 2006 

Capital Group 

Supervisory Risk Subgroup 

A B C 

1. Well-capitalized

 Number of institutions ............................................. 

Assessable deposit base ....................................... 

2. Adequately capitalized

 Number of institutions ............................................. 

Assessable deposit base ....................................... 

3. Undercapitalized

 Number of institutions ............................................. 

Assessable deposit base ....................................... 

8,331 

$6,195 

52 

$8 

0 

$0 

94.6% 

98.8% 

0.6% 

0.1% 

0.0% 

0.0% 

363 

$64 

7 

$1 

0 

$0 

4.1% 

1.0% 

0.1% 

0.0% 

0.0% 

0.0% 

47 

$4 

1 

$0 

2 

$0 

0.5%

0.1% 

0.0%

0.0% 

0.0%

0.0% 

Note: Institutions are categorized based on capitalization and a supervisory subgroup rating, which is generally determined by on-site examinations. 

Assessment Rate Schedule, Second Semiannual 2006 Assessment Period 

Cents per $100 of Assessable Deposits 

Capital Group 

Supervisory Risk Subgroup 

A B C 

1. Well-capitalized ...................................................... 

2. Adequately capitalized ............................................. 

3. Undercapitalized ....................................................... 

0 

3 

10 

3 

10 

24 

17 

24 

27 

FIRST QUARTER 2006 16 ALL FDIC-INSURED INSTITUTIONS 
FDIC Quarterly Banking Profile 

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 VII-A. 

The information presented in Tables I-A through V-A of the FDIC 

Quarterly Banking Profile is aggregated for all FDIC-insured 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. 

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 IV-B. 

A separate set of tables (Tables I-B through IV-B) provides comparative quarterly data related to the Deposit Insurance Fund (DIF), problem institutions, failed/assisted institutions, estimated FDIC-insured 

deposits and assessments. 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) Call Reports and the OTS Thrift Financial Reports submitted by all FDIC-insured depository institutions. This information is 

stored on and retrieved from the FDIC’s Research Information System 

(RIS) data base. 

COMPUTATION METHODOLOGY 

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. 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. 

All asset and liability figures used in calculating performance ratios 

represent average amounts for the period (beginning-of-period 

amount plus end-of-period amount plus any interim periods, divided 

by the total number of periods). For “pooling-of-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. 

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 

Purchased Impaired Loans and Debt Securities – Statement of Position 03­

3, Accounting for Certain Loans or Debt Securities Acquired in a Transfer. 

The SOP applies to loans and debt securities acquired in fiscal years 

beginning after December 15, 2004. In general, this Statement of 

Position applies to “purchased impaired loans and debt securities,” i.e., 

loans and debt securities that a bank has purchased, including those 

acquired in a purchase business combination, when it is probable, at 

the purchase date, that the bank will be unable to collect all contractually required payments receivable. Banks must follow Statement of 

Position 03-3 for Call Report purposes. The SOP does not apply to 

the loans that a bank has originated, prohibits “carrying over” or creation of valuation allowances in the initial accounting and any subsequent valuation allowances reflect only those losses incurred by the 

investor after acquisition. 

GNMA Buy-back Option – If an issuer of GNMA securities has the 

option to buy back the loans that collateralize the GNMA securities, 

when certain delinquency criteria are met, FASB Statement No. 140 

requires that loans with this buy-back option must be brought back 

on the issuer's books as assets. The rebooking of GNMA loans is 

required regardless of whether the issuer intends to exercise the buyback option. The banking agencies clarified in May 2005, that all 

GNMA loans that are rebooked because of delinquency should be 

reported as past due according to their contractual terms. 

FASB Interpretation No. 45 – In November 2002, the FASB issued Interpretation No. 45, Guarantor’s Accounting and Disclosure Requirements 

for Guarantees, Including Indirect Guarantees of Indebtedness of Others. 

This interpretation clarifies that a guarantor is required to recognize, 

at the inception of a guarantee (financial standby letters of credit, 

performance standby letters of credit), a liability for the fair value of 

the obligation undertaken in issuing the guarantee. Banks apply the 

initial recognition and measurement provisions of Interpretation No. 

45 on a prospective basis to guarantees issued or modified after 

December 31, 2002, irrespective of the bank’s fiscal year end. A 

bank’s previous accounting for guarantees issued prior to January 1, 

2003, is not revised. 

FASB Interpretation No. 46 – The FASB issued Interpretation No. 46, 

Consolidation of Variable Interest Entities, in January 2003 and revised it 

in December 2003. Generally, banks with variable interests in variable interest entities created after December 31, 2003, must consolidate them. The timing of consolidation varies with certain situations 

with application as late as 2005. The assets and liabilities of a consolidated variable interest entity are reported on a line-by-line basis 

according to the asset and liability categories shown on the bank’s 

balance sheet, as well as related income items. Most small banks are 

unlikely to have any “variable interests” in variable interest entities. 

FASB Statement No. 123 (Revised 2004) and Share-Based Payments 

– requires all entities to recognize compensation expense in an 

amount equal to the fair value of share-based payments, e.g., stock 

options and restricted stock, granted to employees. As of January 

2006 all banks must adopt FAS 123(R). The compensation cost is 

typically recognized over the vesting period with a corresponding 

credit to equity. The recording of the compensation cost also gives 

rise to a deferred tax asset. 

Goodwill and intangible assets – FAS 141 terminates the use of pooling-of-interest accounting for business combinations after 2001 and 

requires purchase accounting. Under FAS 142 amortization of goodwill is eliminated. Only intangible assets other than goodwill are 

amortized each quarter. In addition companies are required to test for 

impairment of both goodwill and other intangibles once each fiscal 

year. The year 2002, the first fiscal year affected by this accounting 

change, has been designated a transitional year and the amount of 

initial impairments are to be recorded as extraordinary losses on a 

“net of tax” basis (and not as noninterest expense). Subsequent 

annual review of intangibles and goodwill impairment may require 

additional noninterest expense recognition. FASB Statement No. 

147 clarifies that acquisitions of financial institutions (except transactions between two or more mutual enterprises), including branch 

acquisitions that meet the definition of a business combination, 

should be accounted for by the purchase method under FASB Statement No. 141. This accounting standard includes transition provisions that apply to unidentifiable intangible assets previously 

accounted for in accordance with FASB Statement No. 72. If the 

ALL FDIC-INSURED INSTITUTIONS 17 FIRST QUARTER 2006 
 

FDIC Quarterly Banking Profile 

transaction (such as a branch acquisition) in which an unidentifiable 

intangible asset arose does not meet the definition of a business combination, this intangible asset is not be reported as “Goodwill” on the 

Call Report balance sheet. Rather, this unidentifiable intangible asset 

is reported as “Other intangible assets,” and must continue to be 

amortized and the amortization expense should be reported in the 

Call Report income statement. 

FASB Statement No. 133 Accounting for Derivative Instruments and Hedging Activities – All banks must recognize derivatives as either assets or liabilities on the balance sheet, measured at fair value. A derivative may 

be specifically designated as a “fair value hedge,” a “cash flow hedge,” 

or a hedge of a foreign currency exposure. The accounting for 

changes in the value of a derivative (gains and losses) depends on the 

intended use of the derivative, its resulting designation, and the effectiveness of the hedge. Derivatives held for purposes other than trading are reported as “other assets” (positive fair values) or “other 

liabilities” (negative fair values). For a fair value hedge, the gain or 

loss is recognized in earnings and “effectively” offsets loss or gain on 

the hedged item attributable to the risk being hedged. Any ineffectiveness of the hedge could result in a net gain or loss on the income 

statement. Accumulated net gains (losses) on cash flow hedges are 

recorded on the balance sheet as “accumulated other comprehensive 

income” and the periodic change in the accumulated net gains (losses) for cash flow hedges is reflected directly in equity as the value of 

the derivative changes. FASB Statement No. 149, Amendment of 

Statement 133 on Derivative Instruments and Hedging Activities 

provides guidance on the circumstances in which a loan commitment 

must be accounted for as derivative. Under Statement No. 149, loan 

commitments that relate to the origination of mortgage loans that will 

be held for sale, commonly referred to as interest rate lock commitments, must be accounted for as derivatives on the balance sheet by 

the issuer of the commitment. 

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, 

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 distribution – assessable deposits consist of deposits in 

banks’ domestic offices with certain adjustments. Each institution's 

assessment depends on its assigned risk-based capital category and 

supervisory risk subgroup: 

Total Tier 1
 

Risk-Based Risk-Based Tier 1 Tangible
 

(Percent) Capital * Capital * Leverage Equity
 

Well-capitalized >10 and >6 and >5 — 

Adequately 

capitalized >8 and >4 and >4 — 

Undercapitalized >6 and >3 and >3 — 

Significantly 

undercapitalized <6 or <3 or <3 and >2 

Critically 

undercapitalized — — — <2 

*As a percentage of risk-weighted assets. 

For the purpose of DIF assessments, risk-based assessment rules combine the three lowest capital rating categories into a single “undercapitalized” group. Supervisory risk subgroup assignments are based on 

supervisory ratings. Generally, the strongest institutions (those rated 1 

or 2) are in subgroup A, those rated 3 are in subgroup B, and those 

rated 4 or 5 are in subgroup C. 

Assets securitized and sold – total outstanding principal balance of 

assets securitized and sold with servicing retained or other sellerprovided credit enhancements. 

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. 

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. Prior to June 

30, 2000 the uninsured estimate is calculated as the sum of the excess 

amounts in accounts over $100,000. Beginning June 30, 2000 the 

amount of estimated uninsured deposits is adjusted to consider a 

financial institution's own estimate of uninsured deposits when such 

an estimate is reported. 

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 another healthy instituFIRST QUARTER 2006 18 ALL FDIC-INSURED INSTITUTIONS 
FDIC Quarterly Banking Profile 

tion. 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 some insurance funds in order to continue 

operating. 

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. 

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. 

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. 

Number of institutions reporting – the number of institutions that actually filed a financial report. 

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. 

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”. For all insured commercial banks and for insured savings banks 

for which the FDIC is the primary federal regulator, FDIC composite 

ratings are used. For all institutions whose primary federal regulator is 

the OTS, the OTS composite rating is 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. Between March 31, 2001 and March 31, 2003 

reserves for losses did not include the allocated transfer risk reserve, 

which was netted from loans and leases. 

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 – net income (including gains or losses on securities 

and extraordinary items) as a percentage of average total assets. The 

basic yardstick of bank profitability. 

Return on equity – net income (including gains or losses on securities 

and extraordinary items) as a percentage of average total equity capital. 

Risk-weighted assets – assets adjusted for risk-based capital definitions 

which include on-balance-sheet as well as off-balance-sheet items 

multiplied by risk-weights that range from zero to 100 percent. A 

conversion factor is used to assign a balance sheet equivalent amount 

for selected off-balance-sheet 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-to-maturity 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. 

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. 

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. 

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.) 

Volatile liabilities – the sum of large-denomination time deposits, foreign-office deposits, federal funds purchased, securities sold under 

agreements to repurchase, and other borrowings. 

Yield on earning assets – total interest, dividend and fee income earned 

on loans and investments as a percentage of average earning assets. 

ALL FDIC-INSURED INSTITUTIONS 19 FIRST QUARTER 2006 
The FDIC Quarterly Banking Profile is published quarterly by the Division of Insurance and Research of the Federal 

Deposit Insurance Corporation. Single copy subscriptions of the FDIC Quarterly Banking Profile can be obtained 

through the FDIC Public Information Center, 3501 North Fairfax Drive, Room E-1002, Arlington, VA 22226; or Email: 

publicinfo@fdic.gov. 

The FDIC Quarterly Banking Profile is available on-line by visiting the FDIC’s website at www.fdic.gov. Comparable 

financial data for individual institutions can now be obtained from the FDIC’s Institution Directory (ID) 

System on this web site. 

Acting Chairman Martin J. Gruenberg 

Director, Division of Insurance Arthur J. Murton 

and Research 

Media Inquiries (202) 898-6993

Authors Richard Brown 

Associate Director, Risk Analysis Branch 

Chief Economist, FDIC 

(202) 898-3927

Kevin Brown 

(202) 898-6817

Ross Waldrop 

(202) 898-3951