QUARTERLY BANKING PROFILE First Quarter 2022

INSURED INSTITUTION PERFORMANCE 

Net Income Declined Year Over Year 

Net Interest Margin Remained Stable Quarter Over Quarter 

Loan Growth Was Broad Based 

Credit Quality Continued to Improve 

Net Income Declined Year 

Over Year 

Net income fell by $17.0 billion (22.2 percent) to $59.7 billion in first quarter 2022 from the 

year-ago quarter. An increase in provision expense drove a decline in net income (down 

$4.1 billion, or 6.5 percent) from fourth quarter 2021. Most banks (62.8 percent) reported a 

decline in net income from the year-ago quarter. The decline in net income and an increase 

in average assets reduced the aggregate return on average assets ratio 38 basis points from 

the year-ago quarter and 9 basis points from fourth quarter to 1.00 percent. 

Banks in the Two Largest

QBP Asset Size Groups

Drove the Increase in 

Provision Expense 

Provision expense increased from negative $14.5 billion to positive $5.2 billion, up 

135.8 percent from the year-ago quarter.1

 Banks in the two largest Quarterly Banking 

Profile (QBP) asset size groups (“Assets Greater than $250 Billion” and “Assets Greater than 

$10 Billion to $250 Billion”) drove this change, with an aggregate increase in provisions 

that made up nearly all of the total increase from the year-ago quarter. Despite the 

aggregate increase in provisions, only one-fourth of all institutions (25.2 percent) reported 

higher provisions compared with the year-ago quarter, while the rest of the banking 

industry reported either a decline or no change in provision expense. 

The net number of banks reporting adoption of current expected credit loss (CECL) accounting 

increased by 9 from fourth quarter 2021 to 318.2 CECL adopters reported aggregate provisions 

of $4.6 billion in first quarter, $5.8 billion more than fourth quarter 2021 and $19.1 billion more 

than one year ago. Provision expense for banks that have not adopted CECL accounting totaled 

$652.8 million (up $94.5 million from a quarter ago and up $585.0 million from one year ago). 

Net Interest Margin

Remained Relatively

Stable Despite an Increase

in Net Interest Income 

The net interest margin (NIM) was 2.54 percent in first quarter 2022, remaining relatively 

stable (down 1 basis point) compared with the level reported in fourth quarter 2021. The 

NIM remains well below the pre-pandemic average of 3.25 percent.

3 

The yield on earning assets declined to 2.70 percent (down 1 basis point from a quarter 

ago and down 7 basis points from a year ago) as the growth rate in average earning assets 

continued to outpace the growth rate in interest income. The average cost of funds was 

unchanged from the record low set in fourth quarter 2021 of 0.16 percent, but was down 

4 basis points from the year-ago quarter.4 

1 Provisions for credit losses include both losses for loans and securities for CECL adopters but only loan losses for 

non-adopters. 

2 Changes to the number of CECL accounting adopters may result from closures, mergers and acquisitions, or 

examination or audit findings. 

3 The pre-pandemic average referenced throughout this document refers consistently to January 2015 through 

December 2019. 

4 The record low average cost of funding earning assets cited in the fourth quarter issue of the Quarterly Banking Profile 

was 0.15 percent. Due to the effect of Call Report restatements subsequent to the publication, this ratio changed from 

0.15 percent to 0.16 percent. 

Chart 1 Chart 2 

Quarterly Net Income 

All FDIC-Insured Institutions 

$ Billions Securities and Other Gains/Losses, Net 

Net Operating Income 100 

80 

60 

40 

20 

0 

-20 

-40 

-60 

2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 Source: FDIC. 

Note: Date labels are centered under the first quarter of each year. Data start in first quarter 2008. 

Quarterly Net Interest Margin 

All FDIC-Insured Institutions

 Assets > $250 Billion Assets $100 Million - $1 Billion

 Assets $10 Billion - $250 Billion Assets < $100 Million 

Percent Assets $1 Billion - $10 Billion

5.0 

4.5 

4.0 

3.5 

3.0 

2.5 

2.0 

1.5 

1.0 

0.5 

0.0 

2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 

Source: FDIC. 

Note: Date labels are centered under the first quarter of each year. Data start in first quarter 2008. 

FDIC QUARTERLY 1
2022 • Volume 16 • Number 2

Net Operating Income

Increased From a Year Ago 

Net interest income rose for the fourth consecutive quarter (up $8.3 billion, or 6.4 percent) 

and offset a slight decline in noninterest income (down $170.2 million, or 0.2 percent) from 

the year-ago quarter. As a result, net operating revenue increased $8.1 billion to $214.7 billion 

(3.9 percent) year over year. An increase in interest income (up $6.7 billion, or 4.8 percent) and 

a decline in interest expense (down $1.6 billion, or 15.7 percent) supported net interest income 

growth from the year-ago quarter. Most banks (57.2 percent) reported improvements in net 

interest income from one year ago. A decline in income from loan sales (down $5.1 billion, 

or 65.9 percent) drove the reduction in noninterest income from the year-ago quarter. 

Noninterest Expense

Continued to Increase, 

Keeping Pace With Asset

Growth 

Noninterest expense rose $9.0 billion (7.2 percent) year over year led by an increase in 

“all other noninterest expense” and salary and benefit expense.5 Higher marketing and 

consulting expenses drove the increase in the “all other noninterest expense” category. 

Most banks (73.2 percent) reported an increase in noninterest expense from the yearago quarter. However, the increase in noninterest expense has kept pace with the growth 

in average assets. As a result, noninterest expense to average assets and compensation 

expense to average assets remained flat from the year-ago quarter. 

Allowance for Credit 

Losses (ACL) Covered a

Higher Proportion of

Noncurrent Loans 

The coverage ratio (ACL to noncurrent loans) increased 10 percentage points from the yearago quarter to 184.3 percent.6 Coverage ratios for all insured institutions except the largest 

QBP asset size group (“Assets Greater than $250 Billion”) increased from the year-ago 

quarter. A reduction in the ACL that outpaced the reduction in noncurrent loans drove the 

decline in the coverage ratio for the largest QBP asset size group. Coverage ratios for the 

two smallest QBP asset size groups (“Assets Less than $100 Million” and “Assets Between 

$100 Million and $1 Billion”) reached QBP highs in the first quarter. 

Despite the increased coverage ratio, the ACL as a percentage of total loans and leases 

continued to decline year over year, down 44 basis points from the year-ago quarter 

to 1.54 percent. However, this ratio remains higher than the pre-pandemic average of 

1.29 percent. Unlike the larger institutions, banks in the smallest QBP asset size groups 

(“Assets Less than $100 Million” and “Assets Between $100 Million and $1 Billion”) 

reported an increase in the ratio of ACL to total loans and leases from the year-ago quarter. 

This reduction resulted from a decline in loan balances that outpaced the decline in the 

level of the allowance for credit losses. 

5 All other noninterest expenses include, but are not limited to, automated teller machine and interchange expenses, 

legal fees, advertising and marketing expenses, consulting expenses, data processing expenses, and FDIC deposit 

insurance assessments. Among banks that filled out schedule RI-E, higher marketing and consulting expenses drove the 

increase in all other noninterest expense. 

6 The coverage ratio is the ratio of the allowance for loan and lease losses to the total of loans that are 90 days or more 

past due plus the total of loans in nonaccrual status. 

Chart 3 Chart 4 

Change in Quarterly Loan-Loss Provisions 

All FDIC-Insured Institutions 

Quarter-Over-Quarter Change 

($ Billions) 

50 

40 

30 

20 

10 

0 

-10 

-20 

-30 

-40 

-50 

2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 

Source: FDIC. 

Note: Date labels are centered under the first quarter of each year. Data start in first quarter 2008. 

2 FDIC QUARTERLY 

-8 

-4 

Quarterly Change in Loan Balances 

All FDIC-Insured Institutions 

Source: FDIC. 

Note: ASC Topics 810 and 860 resulted in the consolidation of large amounts of securitized loan

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

consolidated cannot be precisely quantified, the industry would have reported a decline in loan

balances for the quarter absent this change in accounting standards. Date labels are centered

under the first quarter of each year. Data start in first quarter 2008. 

$ Billions Percent 

-300 

-200 

-100 

0 

100 

200 

300 

400 

500 

Quarterly Change (Le ̃ Axis) 

12-Month Growth Rate (Right Axis) 

0 

4 

8 

12 

2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 

-60 
QUARTERLY BANKING PROFILE

Total Assets Increased 

From the Previous Quarter 

Total assets increased $253.9 billion (1.1 percent) from fourth quarter 2021 to $24.0 trillion. 

Cash and balances due from depository institutions declined $183.5 billion (5.2 percent) from 

fourth quarter 2021. Total loan and lease balances increased $109.9 billion (1.0 percent), federal 

funds sold increased 48.3 billion (8.1 percent), and securities rose $14.6 billion (0.2 percent). 

Growth in U.S. Treasury securities (up $37.9 billion, or 2.6 percent) continued to drive the 

quarterly increases in total securities. The proportion of securities to total assets declined 

slightly to 26.1 percent from the QBP high of 26.3 percent reported in fourth quarter 2021. 

Loan and Lease Balances 

Increased From the 

Previous Quarter and a 

Year Ago 

Total loan and lease balances increased $109.9 billion (1.0 percent) from fourth quarter 

2021. An increase in commercial and industrial (C&I) loans (up $81.3 billion, or 3.5 percent) 

drove the quarterly growth, followed by loans secured by nonfarm nonresidential 

commercial real estate (CRE) properties (up $28.2 billion, or 1.7 percent) and loans secured 

by multifamily properties (up $16.5 billion, or 3.2 percent). 

Annually, total loan and lease balances increased $531.8 billion (4.9 percent), primarily 

because of growth in non-credit card consumer loans (up $102.6 billion, or 11.0 percent), 

loans secured by nonfarm nonresidential CRE properties (up $98.0 billion, or 6.2 percent), 

and loans secured by 1–4 family real estate mortgages (up $94.7 billion, or 4.3 percent).7 This 

growth offset a decline in C&I loans (down $62.5 billion, or 2.5 percent) driven by Paycheck 

Protection Program (PPP) loan forgiveness and repayment. Excluding PPP loans, annual total 

loan growth would have been 9.2 percent and C&I loan growth would have been 18.0 percent. 

Unused commitments to extend credit card loans (up $219.6 billion, or 5.5 percent) and 

commitments to extend C&I loans and loans secured by 1–4 family residential properties 

(up $217.6 billion, or 6.6 percent) increased most among loan categories from the year-ago 

quarter.8 More than 73 percent of banks (73.1 percent) reported an increase in unused loan 

commitments from the year-ago quarter. 

Deposits Continued to

Increase but at a 

Slower Pace 

Deposits grew $230.7 billion (1.2 percent) in first quarter. This was the slowest rate of deposit 

growth since third quarter 2020. For the first time in more than two years, growth in deposit 

accounts less than $250,000 (up $105.6 billion, or 1.4 percent) outpaced growth in deposit 

accounts greater than $250,000 (up $55.6 billion, or 0.5 percent). The rate of noninterest-bearing 

deposit growth (up $74.7 billion, or 1.4 percent) outpaced the interest-bearing deposit growth 

rate (up $117.2 billion, or 0.9 percent). Uninsured deposits drove the quarterly growth in deposits, 

as the industry reported a slight decline in uninsured deposit balances from fourth quarter. 

Despite the slight deceleration in quarterly deposit growth, three-fourths of all institutions 

(75.2 percent) reported higher deposit balances compared with the previous quarter. 

7 The category of loans that includes personal installment loans also includes student loans but excludes auto loans. 

8 This category of unused loan commitments, “all other unused commitments,” excludes revolving, open-end loans and 

lines of credit as well as 1-4 family residential construction and land development loans. 

Chart 5 Chart 6 

Quarterly Change in Deposits 

All FDIC-Insured Institutions 

$ Billions 

Source: FDIC. 

Note: Date labels are centered under the first quarter of each year. Data start in first quarter 2008. 

-200 

0 

200 

400 

600 

800 

1,000 

1,200 

1,400 

2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 

Source: FDIC. 

Note: Date labels are centered under the first quarter of each year. Data start in first quarter 2008. 

Percent 

Noncurrent Loan Rate and Quarterly Net Charge-O ̃ Rate 

All FDIC-Insured Institutions 

0 

1 

2 

3 

4 

5 

6 

Quarterly Net Charge-O ̃ Rate 

Noncurrent Rate 

2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 

FDIC QUARTERLY 3
2022 • Volume 16 • Number 2

Noncurrent Loan Balances 

Continued to Decline 

Quarter Over Quarter 

Loans and leases 90 days or more past due or in nonaccrual status (noncurrent loan 

balances) declined (down $4.5 billion, or 4.5 percent) from fourth quarter 2021, supporting 

a 5 basis point reduction in the noncurrent rate to 0.84 percent. The noncurrent rate was 

just 14 basis points above the historical low reported in second quarter 2006. Noncurrent 

1–4 family residential real estate loan balances declined most among noncurrent loan 

categories (down $4.8 billion, or 10.5 percent). The second-largest quarterly decline 

among loan categories was in the noncurrent nonfarm nonresidential CRE portfolio (down 

$316.2 million, or 2.8 percent). More than half of all banks (55.1 percent) reported a decline 

in noncurrent loans from fourth quarter 2021. 

Reduction in Net Losses Annual reductions in net charge-offs of credit card loans (down $1.8 billion, or 31.2 percent) 

on Credit Card Loans and C&I loans (down $944.5 million, or 58.7 percent) drove a reduction in total net chargeDrove a Decline in the offs of loans and leases (down $3.0 billion, or 32.0 percent) from the year-ago quarter. 

Net Charge-Off Rate These reductions drove a 12 basis point decline in the net charge-off rate to 0.22 percent. 

Capital Ratios Remain

Well Above Pre-Pandemic 

Averages 

Capital ratios remained well above pre-pandemic averages despite a decline between fourth 

quarter 2021 and first quarter 2022. During the quarter, the total risk-based capital ratio 

was down 42 basis points to 15.04 percent, the tier 1 risk-based capital ratio was down 

40 basis points to 13.74 percent, and the leverage capital ratio was down 7 basis points 

to 8.67 percent. A decline in accumulated other comprehensive income of $139.1 billion 

(down 447.7 percent) resulting from the effect of rising market interest rates on the 

value of available-for-sale securities drove a reduction in equity capital of $99.6 billion 

(4.2 percent) from fourth quarter 2021. 

An increase in retained earnings of $8.5 billion (37.8 percent) supported equity formation 

from fourth quarter 2021. Banks distributed 48.3 percent of first quarter earnings as 

dividends, down $12.6 billion (30.4 percent) from fourth quarter 2021. Twenty-six percent 

of banks reported higher dividends compared with the year-ago quarter. The number of 

institutions with capital ratios that did not meet Prompt Corrective Action requirements for 

the well-capitalized category rose by two from fourth quarter 2021 to nine.9 

Three Banks Opened and

No Banks Failed in First 

Quarter 2022 

The number of FDIC-insured institutions declined from 4,839 in fourth quarter 2021 to 

4,796. In first quarter, 3 banks opened and 44 institutions merged with other FDIC-insured 

institutions.10 The number of banks on the FDIC’s “Problem Bank List” declined by 4 from 

fourth quarter to 40, the lowest level since QBP data collection began in 1984. Total assets of 

problem banks increased $3.0 billion to $173.1 billion.11 No banks failed in the first quarter. 

Author: 

Erica Jill Tholmer 

Senior Financial Analyst 

Division of Insurance and Research 

9 Prompt Corrective Action categories are assigned based on reported capital ratios only and do not include the effects of 

regulatory downgrades. 

10 The number of insured financial institutions excludes one bank that did not file a Call Report and has ceased operations. 

11 The asset value of insured financial institutions on the Problem Bank List is the amount known on the last day of 

fourth quarter 2021, the most current information available on March 31, 2022. 

Chart 7 Chart 8 

Source: FDIC. 

Note: The asset values of insured financial institutions on the problem bank list are what were on 

record as of the last day of the quarter. Date labels are centered under the first quarter of each year. 

Data start in first quarter 2008. 

Number 

Number and Assets of Banks on the “Problem Bank List” 

0 

100 

200 

300 

400 

500 

600 

700 

800 

900 

1,000 

0 

50 

100 

150 

200 

250 

300 

350 

400 

450 

500 

Assets ($ Billions) 

Number of Problem Banks 

Assets of Problem Banks 

2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 

Held-to-Maturity Securities 

Available-for-Sale Securities 

Unrealized Gains (Losses) on Investment Securities 

All FDIC-Insured Institutions 

$ Billions 

Source: FDIC. 

Note: Insured Call Report filers only. Date labels are centered under the first quarter of each year. 

Data start in first quarter 2008. 

-350 

-300 

-250 

-200 

-150 

-100 

-50 

0 

50 

100 

150 

200 

2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 

4 FDIC QUARTERLY 
QUARTERLY BANKING PROFILE

 

 

 

 

 

 

 

 

 

 

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

Return on assets (%) 

Return on equity (%) 

Core capital (leverage) ratio (%) 

Noncurrent assets plus other real estate owned to assets (%) 

Net charge-offs to loans (%) 

Asset growth rate (%) 

Net interest margin (%) 

Net operating income growth (%) 

Number of institutions reporting 

Commercial banks 

Savings institutions 

Percentage of unprofitable institutions (%) 

Number of problem institutions 

Assets of problem institutions (in billions)*** 

Number of failed institutions 

2022** 2021** 2021 2020 2019 2018 2017 

1.00 1.38 1.23 0.72 1.29 1.35 0.97 

10.39 13.73 12.21 6.85 11.38 11.98 8.60 

8.67 8.86 8.74 8.82 9.66 9.70 9.63 

0.41 0.57 0.44 0.61 0.55 0.60 0.73 

0.22 0.34 0.25 0.50 0.52 0.48 0.50 

6.33 11.31 8.46 17.29 3.92 3.03 3.79 

2.54 2.56 2.54 2.82 3.36 3.40 3.25 

-20.40 343.75 96.91 -38.77 -3.14 45.45 -3.27 

4,796 4,978 4,839 5,002 5,177 5,406 5,670 

4,194 4,357 4,231 4,375 4,518 4,715 4,918 

602 621 608 627 659 691 752 

5.55 3.88 3.08 4.68 3.73 3.44 5.61 

40 55 44 56 51 60 95 

$173 $54 $170 $56 $46 $48 $14 

0 0 0 4 4 0 8 

* Excludes insured branches of foreign banks (IBAs). 

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

*** Assets shown are what were on record as of the last day of the quarter. 

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

(dollar figures in millions) 

Number of institutions reporting 

Total employees (full-time equivalent) 

CONDITION DATA 

Total assets 

Loans secured by real estate 

1-4 Family residential mortgages 

Nonfarm nonresidential 

Construction and development 

Home equity lines 

Commercial & industrial loans 

Loans to individuals 

Credit cards 

Farm loans 

Other loans & leases 

Less: Unearned income 

Total loans & leases 

Less: Reserve for losses* 

Net loans and leases 

Securities** 

Other real estate owned 

Goodwill and other intangibles 

All other assets 

1st Quarter 

2022 

4th Quarter 

2021 

1st Quarter 

2021 

%Change 

21Q1-22Q1 

4,796 

2,088,152 

$23,973,339 

5,325,814 

2,272,842 

1,673,743 

412,908 

261,065 

2,395,251 

1,882,480 

851,150 

67,812 

1,687,328 

1,905 

11,356,781 

175,460 

11,181,321 

6,260,494 

2,934 

415,330 

6,113,261 

4,839 

2,069,043 

$23,719,433 

5,258,376 

2,259,013 

1,645,591 

401,068 

265,102 

2,313,998 

1,881,992 

871,083 

74,103 

1,720,532 

2,129 

11,246,872 

178,210 

11,068,663 

6,245,888 

2,961 

404,348 

5,997,573 

4,978 

2,067,219 

$22,546,809 

5,079,259 

2,178,188 

1,575,705 

388,393 

286,050 

2,457,713 

1,689,870 

761,103 

68,072 

1,533,137 

3,071 

10,824,980 

214,260 

10,610,720 

5,479,341 

4,432 

392,017 

6,060,299 

-3.7 

1.0 

6.3 

4.9 

4.3 

6.2 

6.3 

-8.7 

-2.5 

11.4 

11.8 

-0.4 

10.1 

-38.0 

4.9 

-18.1 

5.4 

14.3 

-33.8 

5.9 

0.9 

Total liabilities and capital 

Deposits 

Domestic office deposits 

Foreign office deposits 

Other borrowed funds 

Subordinated debt 

All other liabilities 

Total equity capital (includes minority interests) 

Bank equity capital 

23,973,339 

19,932,325 

18,381,166 

1,551,159 

980,519 

65,733 

734,713 

2,260,046 

2,257,843 

23,719,433 

19,701,647 

18,189,270 

1,512,378 

955,359 

66,395 

636,400 

2,359,632 

2,357,435 

22,546,809 

18,458,886 

16,935,790 

1,523,096 

1,099,727 

66,470 

668,779 

2,252,947 

2,250,474 

6.3 

8.0 

8.5 

1.8 

-10.8 

-1.1 

9.9 

0.3 

0.3 

Loans and leases 30-89 days past due 

Noncurrent loans and leases 

Restructured loans and leases 

Mortgage-backed securities 

Earning assets 

FHLB Advances 

Unused loan commitments 

Trust assets 

Assets securitized and sold 

Notional amount of derivatives 

54,151 

95,189 

41,897 

3,522,178 

21,838,446 

203,684 

9,370,879 

18,953,877 

417,122 

203,157,893 

57,178 

99,708 

42,762 

3,557,069 

21,767,671 

188,537 

9,042,053 

20,313,720 

450,501 

179,313,907 

51,768 

122,906 

48,971 

3,264,145 

20,576,908 

231,323 

8,730,403 

18,928,976 

460,306 

191,684,273 

4.6 

-22.6 

-14.4 

7.9 

6.1 

-11.9 

7.3 

0.1 

-9.4 

6.0 

Full Year Full Year 1st Quarter 1st Quarter %Change 

INCOME DATA 2021 2020 %Change 2022 2021 21Q1-22Q1 

Total interest income 

Total interest expense 

Net interest income 

Provision for credit losses*** 

Total noninterest income 

Total noninterest expense 

Securities gains (losses) 

Applicable income taxes 

Extraordinary gains, net**** 

Total net income (includes minority interests) 

Bank net income 

Net charge-offs 

Cash dividends 

Retained earnings 

Net operating income 

$563,547 

36,139 

527,408 

-31,003 

300,441 

510,158 

3,010 

72,410 

47 

279,340 

279,138 

27,356 

156,129 

123,009 

276,859 

$603,763 -6.7 $146,489 $139,762 4.8 

77,099 -53.1 8,460 10,038 -15.7 

526,665 0.1 138,029 129,723 6.4 

132,260 -123.4 5,204 -14,519 N/M 

280,224 7.2 76,625 76,796 -0.2 

498,964 2.2 133,881 124,907 7.2 

8,143 -63.0 -588 1,395 -142.1 

36,339 99.3 15,195 20,683 -26.5 

-101 N/M 0 0 0.0 

147,367 89.6 59,786 76,842 -22.2 

147,130 89.7 59,730 76,773 -22.2 

54,113 -49.5 6,282 9,234 -32.0 

84,067 85.7 28,852 23,866 20.9 

63,063 95.1 30,878 52,907 -41.6 

140,605 96.9 60,266 75,709 -20.4 

* For institutions that have adopted ASU 2016-13, this item represents the allowance for credit losses on loans and leases held for investment and allocated transfer risk. 

** For institutions that have adopted ASU 2016-13, securities are reported net of allowances for credit losses. 

*** For institutions that have adopted ASU 2016-13, this item represents provisions for credit losses on a consolidated basis; for institutions that have not adopted ASU 2016-13, 

this item represents the provision for loan and lease losses. 

**** See Notes to Users for explanation. N/M - Not Meaningful 

FDIC QUARTERLY 5
2022 • Volume 16 • Number 2

 

 

 

 

 

 

 

 

 

 

 

 

 

TABLE III-A. First Quarter 2022, All FDIC-Insured Institutions 

FIRST QUARTER 

(The way it is...) 

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 

Number of institutions reporting 

Commercial banks 

Savings institutions 

Total assets (in billions) 

Commercial banks 

Savings institutions 

Total deposits (in billions) 

Commercial banks 

Savings institutions 

Bank net income (in millions) 

Commercial banks 

Savings institutions 

4,796 

4,194 

602 

$23,973.3 

22,515.2 

1,458.1 

19,932.3 

18,679.5 

1,252.8 

59,730 

56,203 

3,527 

11 

10 

1 

$503.9 

417.8 

86.1 

364.0 

297.7 

66.3 

5,823 

4,951 

872 

5 

5 

0 

$6,065.8 

6,065.8 

0.0 

4,753.8 

4,753.8 

0.0 

11,446 

11,446 

0 

1,081 

1,070 

11 

$298.5 

292.6 

5.9 

260.3 

256.8 

3.6 

815 

776 

39 

2,403 283 39 

2,172 75 25 

231 208 14 

$7,357.9 $340.9 $361.2 

6,905.9 123.9 353.3 

452.0 217.0 7.9 

6,246.6 291.6 307.0 

5,887.2 107.5 300.2 

359.4 184.2 6.8 

18,988 803 1,517 

17,965 390 1,507 

1,023 412 10 

368 

334 

34 

$84.5 

78.6 

5.9 

72.8 

68.3 

4.5 

269 

108 

161 

501 

416 

85 

$127.2 

104.0 

23.2 

111.7 

92.0 

19.7 

279 

250 

30 

105 

87 

18 

$8,833.3 

8,173.3 

660.0 

7,524.5 

6,916.0 

608.4 

19,790 

18,809 

981 

Performance Ratios (annualized, %) 

Yield on earning assets 

Cost of funding earning assets 

Net interest margin 

Noninterest income to assets 

Noninterest expense to assets 

Credit loss provision to assets** 

Net operating income to assets 

Pretax return on assets 

Return on assets 

Return on equity 

Net charge-offs to loans and leases 

Loan and lease loss provision to 

2.70 

0.16 

2.54 

1.29 

2.25 

0.09 

1.01 

1.26 

1.00 

10.39 

0.22 

11.62 

0.94 

10.68 

6.02 

8.95 

1.17 

4.64 

6.02 

4.65 

36.69 

1.94 

2.04 

0.12 

1.92 

1.61 

2.12 

0.16 

0.79 

1.01 

0.77 

8.61 

0.28 

3.36 

0.29 

3.06 

0.56 

2.17 

0.01 

1.11 

1.26 

1.10 

10.88 

0.01 

3.04 2.50 4.02 

0.16 0.25 0.51 

2.88 2.25 3.52 

0.93 1.47 1.20 

2.22 2.37 1.90 

0.05 -0.01 0.41 

1.05 0.99 1.67 

1.30 1.21 2.21 

1.04 0.95 1.69 

9.98 10.18 19.20 

0.09 0.00 0.40 

2.48 

0.19 

2.28 

3.00 

3.41 

0.03 

1.23 

1.51 

1.20 

10.14 

0.07 

3.29 

0.25 

3.04 

1.03 

2.82 

0.04 

0.89 

1.01 

0.88 

8.56 

0.03 

2.24 

0.10 

2.14 

1.11 

1.98 

0.00 

0.90 

1.09 

0.90 

9.59 

0.17 

net charge-offs 

Efficiency ratio 

% of unprofitable institutions 

% of institutions with earnings gains 

76.11 

61.87 

5.55 

37.43 

73.07 

55.06 

9.09 

45.45 

123.44 

63.42 

0.00 

40.00 

236.89 

62.65 

4.63 

29.05 

81.17 -35,205.26 159.46 

61.35 65.34 42.10 

3.70 12.01 10.26 

39.95 47.35 56.41 

184.51 

67.95 

12.50 

36.41 

265.17 

72.54 

7.58 

36.33 

24.16 

63.95 

3.81 

40.00 

Condition Ratios (%) 

Earning assets to total assets 

Loss allowance to: 

Loans and leases 

Noncurrent loans and leases 

Noncurrent assets plus 

other real estate owned to assets 

Equity capital ratio 

Core capital (leverage) ratio 

Common equity tier 1 capital ratio*** 

Tier 1 risk-based capital ratio*** 

Total risk-based capital ratio*** 

Net loans and leases to deposits 

Net loans to total assets 

Domestic deposits to total assets 

91.09 

1.54 

184.33 

0.41 

9.42 

8.67 

13.64 

13.74 

15.04 

56.10 

46.64 

76.67 

94.67 

6.93 

685.68 

0.85 

12.78 

13.75 

15.73 

15.87 

17.51 

107.95 

77.98 

70.82 

88.79 

1.70 

206.21 

0.26 

8.70 

7.85 

14.85 

14.92 

16.20 

38.26 

29.99 

55.99 

93.94 

1.47 

208.61 

0.44 

9.50 

10.28 

14.48 

14.48 

15.59 

64.39 

56.17 

87.23 

91.74 95.59 93.52 

1.23 0.79 1.95 

155.28 153.52 278.32 

0.52 0.26 0.51 

10.21 8.82 8.60 

9.37 9.93 9.47 

12.38 20.79 15.11 

12.45 20.79 15.14 

13.68 21.57 16.20 

72.78 56.22 82.31 

61.78 48.09 69.94 

84.81 85.19 84.97 

92.88 

1.65 

222.11 

0.25 

11.61 

13.04 

30.08 

30.09 

31.02 

31.74 

27.36 

86.21 

93.54 

1.34 

204.73 

0.39 

9.72 

10.75 

17.56 

17.56 

18.63 

58.82 

51.62 

87.73 

91.51 

1.26 

138.18 

0.41 

9.09 

8.13 

13.61 

13.75 

15.12 

49.84 

42.45 

83.16 

Structural Changes 

New reporters 

Institutions absorbed by mergers 

Failed institutions 

3 

44 

0 

0 

0 

0 

0 

0 

0 

0 

8 

0 

0 0 0 

32 0 0 

0 0 0 

3 

0 

0 

0 

1 

0 

0 

3 

0 

PRIOR FIRST QUARTERS 

(The way it was...) 

Number of institutions 

Total assets (in billions) 

Return on assets (%) 

Net charge-offs to loans & leases (%) 

2021 

2019 

2017 

2021 

2019 

2017 

2021 

2019 

2017 

2021 

2019 

2017 

4,978 

5,362 

5,856 

$22,546.8 

18,090.0 

16,965.6 

1.38 

1.35 

1.04 

0.34 

0.50 

0.50 

11 

12 

13 

$493.9 

663.3 

506.1 

5.74 

3.05 

2.07 

2.66 

4.09 

3.93 

5 

5 

4 

$5,735.3 

4,340.2 

4,001.0 

1.38 

1.21 

0.94 

0.55 

0.55 

0.66 

1,124 

1,316 

1,399 

$279.3 

283.8 

271.2 

1.44 

1.33 

1.18 

0.02 

0.19 

0.10 

2,645 270 39 

2,854 395 70 

2,987 454 61 

$7,867.6 $672.6 $151.6 

6,327.0 356.1 220.2 

5,730.6 339.0 258.2 

1.33 0.93 2.73 

1.23 1.21 1.32 

0.98 0.90 1.08 

0.15 0.02 0.27 

0.17 0.02 0.79 

0.20 0.09 0.65 

297 

234 

309 

$58.2 

38.5 

52.2 

2.04 

3.55 

2.53 

0.05 

0.24 

0.12 

510 

423 

563 

$116.3 

75.1 

102.7 

1.22 

1.09 

0.91 

0.04 

0.08 

0.13 

77 

53 

66 

$7,171.9 

5,785.7 

5,704.5 

1.15 

1.39 

1.06 

0.30 

0.38 

0.38 

Noncurrent assets plus 

OREO to assets (%) 2021 0.57 0.87 0.34 0.65 0.72 0.25 0.25 0.33 0.56 0.60 

Equity capital ratio (%) 

2019 

2017 

2021 

2019 

2017 

0.60 

0.81 

9.98 

11.37 

11.15 

1.20 

1.14 

13.25 

15.22 

15.52 

0.38 

0.56 

8.84 

9.85 

10.03 

0.92 

0.84 

10.92 

11.70 

11.30 

0.64 1.21 0.47 

0.82 1.92 0.68 

10.88 8.12 8.74 

12.09 11.05 10.61 

11.91 10.88 10.14 

0.46 

0.56 

14.66 

17.16 

14.80 

0.70 

0.90 

11.14 

12.47 

11.52 

0.60 

0.86 

9.79 

11.25 

10.80 

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

** For institutions that have adopted ASU 2016-13, the numerator represents provisions for credit losses on a consolidated basis; for institutions that have not adopted ASU 2016-13, the numerator 

represents the provision for loan and lease losses. 

*** Beginning March 2020, does not include institutions that have a Community Bank Leverage Ratio election in effect at the report date. 

6 FDIC QUARTERLY 
QUARTERLY BANKING PROFILE

 

 

 

 

 

 

 

 

 

 

 

 

 

 

TABLE III-A. First Quarter 2022, All FDIC-Insured Institutions 

FIRST QUARTER 

(The way it is...) 

All Insured 

Institutions 

Asset Size Distribution Geographic Regions* 

Less Than 

$100 

Million 

$100 

Million to 

$1 Billion 

$1 Billion to 

$10 Billion 

$10 Billion 

to $250 

Billion 

Greater 

Than $250 

Billion New York Atlanta Chicago 

Kansas 

City Dallas 

San 

Francisco 

Number of institutions reporting 

Commercial banks 

Savings institutions 

Total assets (in billions) 

Commercial banks 

Savings institutions 

Total deposits (in billions) 

Commercial banks 

Savings institutions 

Bank net income (in millions) 

Commercial banks 

Savings institutions 

4,796 

4,194 

602 

$23,973.3 

22,515.2 

1,458.1 

19,932.3 

18,679.5 

1,252.8 

59,730 

56,203 

3,527 

784 

684 

100 

$47.8 

42.2 

5.6 

40.8 

36.5 

4.3 

92 

73 

20 

3,027 825 147 

2,682 685 131 

345 140 16 

$1,109.3 $2,204.3 $7,085.0 

975.6 1,854.1 6,551.0 

133.7 350.2 534.0 

966.3 1,879.5 5,980.8 

855.0 1,587.2 5,548.6 

111.3 292.3 432.3 

2,820 6,727 22,066 

2,434 6,055 20,337 

386 672 1,729 

13 

12 

1 

$13,527.0 

13,092.3 

434.6 

11,064.9 

10,652.2 

412.7 

28,025 

27,304 

721 

569 544 1,032 1,228 1,069 354 

292 498 890 1,189 1,001 324 

277 46 142 39 68 30 

$4,530.5 $4,750.8 $5,833.3 $4,222.6 $2,064.8 $2,571.4 

4,085.8 4,698.6 5,742.9 4,173.7 1,398.1 2,416.2 

444.7 52.2 90.4 48.9 666.7 155.2 

3,760.9 4,011.3 4,606.5 3,534.1 1,822.6 2,197.0 

3,399.1 3,972.4 4,537.9 3,492.5 1,208.4 2,069.2 

361.7 38.9 68.5 41.6 614.2 127.8 

10,352 12,547 12,745 9,294 5,034 9,758 

9,647 12,423 12,340 9,196 3,893 8,703 

705 124 404 98 1,142 1,055 

Performance Ratios (annualized, %) 

Yield on earning assets 

Cost of funding earning assets 

Net interest margin 

Noninterest income to assets 

Noninterest expense to assets 

Credit loss provision to assets** 

Net operating income to assets 

Pretax return on assets 

Return on assets 

Return on equity 

Net charge-offs to loans and leases 

Loan and lease loss provision to 

net charge-offs 

Efficiency ratio 

% of unprofitable institutions 

% of institutions with earnings gains 

2.70 

0.16 

2.54 

1.29 

2.25 

0.09 

1.01 

1.26 

1.00 

10.39 

0.22 

76.11 

61.87 

5.55 

37.43 

3.25 

0.30 

2.95 

1.76 

3.53 

0.03 

0.80 

0.90 

0.78 

5.97 

0.04 

140.59 

78.36 

16.84 

32.40 

3.42 3.46 3.31 

0.27 0.22 0.20 

3.15 3.24 3.10 

1.12 1.18 1.30 

2.79 2.58 2.44 

0.05 0.09 0.14 

1.03 1.25 1.25 

1.20 1.53 1.61 

1.02 1.23 1.25 

9.86 11.77 12.36 

0.03 0.10 0.30 

344.49 137.50 80.75 

68.59 60.66 57.81 

3.60 2.55 2.72 

37.13 42.91 40.14 

2.17 

0.11 

2.06 

1.31 

2.05 

0.06 

0.85 

1.04 

0.84 

9.07 

0.22 

59.33 

64.15 

0.00 

30.77 

2.57 2.79 2.24 2.76 2.70 3.62 

0.17 0.15 0.11 0.18 0.14 0.22 

2.40 2.64 2.13 2.58 2.57 3.40 

1.16 1.20 1.55 1.14 0.81 1.74 

2.08 2.24 2.20 2.32 2.00 2.80 

0.08 0.10 0.13 0.02 0.02 0.16 

0.93 1.07 0.91 0.89 0.99 1.52 

1.17 1.24 1.13 1.13 1.19 2.01 

0.92 1.06 0.89 0.88 0.98 1.53 

9.10 10.60 9.67 9.20 10.80 15.48 

0.21 0.30 0.15 0.23 0.08 0.33 

93.90 69.34 184.22 -19.67 41.05 85.10 

61.61 61.73 62.84 65.97 61.68 56.15 

8.08 6.62 5.43 4.80 4.21 6.78 

44.46 45.96 33.72 26.30 44.06 42.37 

Condition Ratios (%) 

Earning assets to total assets 

Loss allowance to: 

Loans and leases 

Noncurrent loans and leases 

Noncurrent assets plus 

other real estate owned to assets 

Equity capital ratio 

Core capital (leverage) ratio 

Common equity tier 1 capital ratio*** 

Tier 1 risk-based capital ratio*** 

Total risk-based capital ratio*** 

Net loans and leases to deposits 

Net loans to total assets 

Domestic deposits to total assets 

91.09 

1.54 

184.33 

0.41 

9.42 

8.67 

13.64 

13.74 

15.04 

56.10 

46.64 

76.67 

92.40 

1.51 

159.62 

0.54 

12.50 

13.26 

23.70 

23.75 

24.88 

57.09 

48.74 

85.38 

93.83 93.46 92.58 

1.37 1.32 1.69 

239.05 201.87 194.65 

0.39 0.44 0.52 

9.91 10.16 9.96 

10.66 10.25 9.31 

15.87 14.10 13.40 

15.89 14.13 13.63 

16.99 15.18 14.83 

66.21 72.61 68.70 

57.68 61.91 58.00 

87.11 85.17 82.56 

89.70 

1.51 

168.35 

0.35 

8.96 

7.88 

13.56 

13.60 

15.01 

45.59 

37.29 

71.32 

90.64 90.54 90.22 90.26 93.51 94.35 

1.55 1.54 1.46 1.58 1.23 1.81 

172.69 195.65 184.78 168.20 102.23 328.45 

0.45 0.39 0.35 0.45 0.56 0.34 

9.89 9.84 8.88 9.42 8.56 9.71 

9.01 8.24 8.18 8.73 8.82 9.71 

14.16 12.82 13.76 12.95 14.90 14.34 

14.22 12.91 13.81 13.04 15.02 14.60 

15.53 14.04 15.00 14.84 16.05 15.71 

57.89 55.28 51.98 55.29 50.02 69.48 

48.06 46.68 41.05 46.27 44.15 59.36 

78.34 82.01 69.62 68.37 88.24 84.22 

Structural Changes 

New reporters 

Institutions absorbed by mergers 

Failed institutions 

3 

44 

0 

3 

8 

0 

0 0 0 

17 14 5 

0 0 0 

0 

0 

0 

0 1 0 1 0 1 

10 6 8 10 6 4 

0 0 0 0 0 0 

PRIOR FIRST QUARTERS 

(The way it was...) 

Number of institutions 

Total assets (in billions) 

Return on assets (%) 

Net charge-offs to loans & leases (%) 

2021 

2019 

2017 

2021 

2019 

2017 

2021 

2019 

2017 

2021 

2019 

2017 

4,978 

5,362 

5,856 

$22,546.8 

18,090.0 

16,965.6 

1.38 

1.35 

1.04 

0.34 

0.50 

0.50 

895 

1,267 

1,501 

$54.8 

75.5 

88.9 

1.06 

0.99 

0.90 

0.04 

0.13 

0.14 

3,119 806 145 

3,306 648 132 

3,605 632 109 

$1,118.0 $2,133.6 $6,639.2 

1,096.4 1,710.1 6,315.1 

1,166.2 1,763.5 5,363.5 

1.35 1.53 1.60 

1.23 1.24 1.44 

1.04 1.09 1.06 

0.04 0.15 0.41 

0.09 0.17 0.73 

0.12 0.20 0.71 

13 

9 

9 

$12,601.3 

8,892.9 

8,583.4 

1.25 

1.33 

1.02 

0.39 

0.46 

0.49 

587 568 1,064 1,285 1,103 371 

652 621 1,156 1,368 1,172 393 

719 708 1,253 1,471 1,264 441 

$4,109.6 $4,607.7 $5,417.3 $4,191.8 $1,871.5 $2,349.0 

3,362.7 3,704.5 4,125.9 3,678.0 1,149.5 2,069.5 

3,114.5 3,539.0 3,839.3 3,679.1 1,032.1 1,761.6 

1.19 1.35 1.44 1.34 1.20 1.87 

1.16 1.39 1.32 1.30 1.33 1.74 

0.92 0.99 0.98 1.07 1.15 1.35 

0.35 0.36 0.28 0.42 0.13 0.43 

0.61 0.58 0.24 0.52 0.20 0.79 

0.52 0.58 0.34 0.51 0.28 0.67 

Noncurrent assets plus 

OREO to assets (%) 2021 0.57 0.70 0.55 0.60 0.79 0.45 0.57 0.53 0.46 0.62 1.03 0.44 

Equity capital ratio (%) 

2019 

2017 

2021 

2019 

2017 

0.60 

0.81 

9.98 

11.37 

11.15 

0.96 

1.09 

13.20 

13.81 

12.86 

0.74 0.64 0.63 

0.93 0.81 0.75 

10.78 10.72 10.62 

11.71 11.97 12.26 

11.19 11.58 12.08 

0.55 

0.82 

9.43 

10.55 

10.45 

0.57 0.64 0.54 0.68 0.80 0.46 

0.69 0.97 0.73 0.92 0.99 0.51 

10.39 10.58 9.30 9.81 9.74 10.16 

12.75 

12.29 

12.16 

12.04 

10.33 10.36 

10.30 9.89 

11.94 

10.93 

11.21 

11.94 

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

** For institutions that have adopted ASU 2016-13, the numerator represents provisions for credit losses on a consolidated basis; for institutions that have not adopted ASU 2016-13, the numerator 

represents the provision for loan and lease losses. 

*** Beginning March 2020, does not include institutions that have a Community Bank Leverage Ratio election in effect at the report date. 

FDIC QUARTERLY 7
2022 • Volume 16 • Number 2

 

 

 

 

 

 

 

 

 

 

 

 

 

TABLE IV-A. Full Year 2021, All FDIC-Insured Institutions 

FULL YEAR 

(The way it is...) 

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 

Number of institutions reporting 

Commercial banks 

Savings institutions 

Total assets (in billions) 

Commercial banks 

Savings institutions 

Total deposits (in billions) 

Commercial banks 

Savings institutions 

Bank net income (in millions) 

Commercial banks 

Savings institutions 

4,839 

4,231 

608 

$23,719.4 

22,195.3 

1,524.1 

19,701.6 

18,410.4 

1,291.3 

279,138 

263,131 

16,007 

12 

11 

1 

$499.8 

413.8 

86.1 

351.3 

286.2 

65.1 

26,040 

22,029 

4,011 

5 

5 

0 

$5,827.2 

5,827.2 

0.0 

4,618.9 

4,618.9 

0.0 

62,871 

62,871 

0 

1,121 

1,110 

11 

$302.8 

297.2 

5.5 

260.0 

256.5 

3.5 

3,871 

3,684 

187 

2,417 293 33 

2,187 80 21 

230 213 12 

$7,372.3 $776.3 $352.9 

6,928.0 122.9 345.2 

444.3 653.4 7.7 

6,226.4 694.6 301.2 

5,877.8 106.3 294.6 

348.7 588.3 6.7 

87,234 6,209 6,510 

82,031 1,533 6,447 

5,203 4,676 64 

357 

326 

31 

$83.4 

77.7 

5.7 

70.7 

66.4 

4.2 

1,319 

575 

744 

506 

412 

94 

$130.1 

104.3 

25.8 

112.8 

91.2 

21.5 

1,317 

1,157 

160 

95 

79 

16 

$8,374.6 

8,078.9 

295.7 

7,065.9 

6,812.6 

253.3 

83,766 

82,803 

963 

Performance Ratios (%) 

Yield on earning assets 

Cost of funding earning assets 

Net interest margin 

Noninterest income to assets 

Noninterest expense to assets 

Credit loss provision to assets** 

Net operating income to assets 

Pretax return on assets 

Return on assets 

Return on equity 

Net charge-offs to loans and leases 

Loan and lease loss provision to 

2.71 

0.17 

2.54 

1.32 

2.24 

-0.14 

1.22 

1.55 

1.23 

12.21 

0.25 

10.95 

0.97 

9.98 

5.57 

8.17 

-0.05 

5.31 

6.93 

5.32 

40.72 

2.00 

1.98 

0.11 

1.87 

1.57 

2.06 

-0.23 

1.09 

1.41 

1.09 

12.15 

0.38 

3.74 

0.38 

3.37 

0.70 

2.31 

0.07 

1.31 

1.52 

1.33 

12.07 

0.05 

3.14 1.85 3.99 

0.21 0.14 0.63 

2.93 1.71 3.35 

1.00 0.84 1.27 

2.23 1.41 1.69 

-0.08 -0.01 0.14 

1.23 0.86 1.96 

1.57 1.13 2.60 

1.24 0.88 1.98 

11.39 10.25 21.05 

0.11 0.01 0.27 

2.66 

0.23 

2.43 

3.00 

3.27 

0.03 

1.60 

2.05 

1.67 

12.33 

0.08 

3.46 

0.32 

3.15 

1.27 

2.99 

0.05 

1.03 

1.22 

1.06 

9.51 

0.04 

2.30 

0.11 

2.19 

1.22 

2.09 

-0.16 

1.04 

1.29 

1.05 

10.60 

0.20 

net charge-offs 

Efficiency ratio 

% of unprofitable institutions 

% of institutions with earnings gains 

-106.64 

61.15 

3.08 

75.55 

-2.75 

53.91 

0.00 

100.00 

-178.28 

63.38 

0.00 

80.00 

220.06 

59.40 

2.05 

72.52 

-118.47 -629.30 79.03 

59.68 56.20 38.26 

2.11 6.14 9.09 

83.00 63.82 75.76 

136.44 

61.70 

9.24 

50.98 

248.93 

70.67 

3.95 

68.38 

-164.83 

64.62 

1.05 

85.26 

Condition Ratios (%) 

Earning assets to total assets 

Loss allowance to: 

Loans and leases 

Noncurrent loans and leases 

Noncurrent assets plus 

other real estate owned to assets 

Equity capital ratio 

Core capital (leverage) ratio 

Common equity tier 1 capital ratio*** 

Tier 1 risk-based capital ratio*** 

Total risk-based capital ratio*** 

Net loans and leases to deposits 

Net loans to total assets 

Domestic deposits to total assets 

91.77 

1.58 

178.73 

0.44 

9.94 

8.74 

14.04 

14.14 

15.46 

56.18 

46.66 

76.69 

94.71 

6.97 

763.75 

0.78 

12.56 

13.72 

15.30 

15.44 

17.17 

113.24 

79.59 

69.06 

89.70 

1.72 

209.81 

0.28 

9.20 

7.99 

15.67 

15.74 

17.13 

39.27 

31.13 

56.81 

93.85 

1.46 

200.69 

0.47 

10.78 

10.37 

14.43 

14.44 

15.54 

66.79 

57.34 

85.86 

92.29 97.64 93.71 

1.27 0.67 1.98 

149.41 102.73 289.43 

0.55 0.18 0.48 

10.71 8.17 9.00 

9.26 8.63 9.70 

12.55 24.73 15.35 

12.63 24.73 15.38 

13.86 25.17 16.35 

71.98 29.18 80.08 

60.79 26.11 68.34 

84.29 89.32 85.35 

94.19 

1.61 

208.33 

0.27 

12.97 

12.64 

27.91 

27.91 

28.83 

33.01 

27.96 

84.71 

93.96 

1.35 

212.08 

0.39 

10.79 

10.67 

17.60 

17.61 

18.70 

59.80 

51.83 

86.65 

91.82 

1.32 

131.60 

0.46 

9.75 

8.34 

13.76 

13.90 

15.32 

51.90 

43.79 

82.18 

Structural Changes 

New reporters 

Institutions absorbed by mergers 

Failed institutions 

9 

164 

0 

0 

0 

0 

0 

0 

0 

0 

37 

0 

2 0 0 

118 1 0 

0 0 0 

7 

1 

0 

0 

3 

0 

0 

4 

0 

PRIOR FULL YEARS 

(The way it was...) 

Number of institutions 

Total assets (in billions) 

Return on assets (%) 

Net charge-offs to loans & leases (%) 

2020 

2018 

2016 

2020 

2018 

2016 

2020 

2018 

2016 

2020 

2018 

2016 

5,002 

5,406 

5,913 

$21,868.8 

17,943.0 

16,779.7 

0.72 

1.35 

1.04 

0.50 

0.48 

0.47 

11 

12 

13 

$492.6 

651.7 

519.0 

1.92 

2.96 

2.27 

3.73 

3.87 

3.34 

5 

5 

5 

$5,539.4 

4,285.8 

4,052.7 

0.70 

1.17 

0.93 

0.69 

0.50 

0.55 

1,163 

1,346 

1,429 

$287.7 

286.8 

284.9 

1.29 

1.32 

1.21 

0.15 

0.15 

0.15 

2,667 291 36 

2,866 401 69 

3,025 462 65 

$7,591.0 $684.0 $144.8 

6,373.8 346.0 218.3 

5,628.2 331.5 256.0 

0.74 0.92 1.59 

1.26 1.13 1.42 

0.97 0.98 0.96 

0.25 0.05 0.52 

0.18 0.02 0.76 

0.22 0.07 0.56 

277 

227 

300 

$51.5 

36.7 

51.1 

2.59 

2.94 

2.85 

0.19 

1.41 

0.22 

485 

431 

549 

$105.7 

75.9 

97.5 

1.10 

1.12 

0.92 

0.07 

0.17 

0.17 

67 

49 

65 

$6,972.0 

5,667.9 

5,558.8 

0.53 

1.40 

1.06 

0.43 

0.37 

0.41 

Noncurrent assets plus 

OREO to assets (%) 2020 0.61 0.92 0.38 0.69 0.76 0.30 0.26 0.34 0.56 0.66 

Equity capital ratio (%) 

2018 

2016 

2020 

2018 

2016 

0.60 

0.86 

10.17 

11.25 

11.10 

1.26 

1.14 

12.61 

15.29 

14.84 

0.39 

0.61 

8.95 

9.88 

9.97 

0.83 

0.77 

11.37 

11.34 

11.30 

0.63 1.28 0.49 

0.87 1.97 0.70 

11.23 8.40 9.21 

11.94 11.08 10.51 

11.81 11.26 10.04 

0.43 

0.63 

15.79 

16.74 

15.23 

0.73 

0.94 

11.81 

12.31 

11.41 

0.62 

0.96 

9.90 

11.04 

10.85 

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

** For institutions that have adopted ASU 2016-13, the numerator represents provisions for credit losses on a consolidated basis; for institutions that have not adopted ASU 2016-13, the numerator 

represents the provision for loan and lease losses. 

*** Beginning March 2020, does not include institutions that have a Community Bank Leverage Ratio election in effect at the report date. 

8 FDIC QUARTERLY 
QUARTERLY BANKING PROFILE

 

 

 

 

 

 

 

 

 

 

 

 

 

 

TABLE IV-A. Full Year 2021, All FDIC-Insured Institutions 

FULL YEAR 

(The way it is...) 

All Insured 

Institutions 

Asset Size Distribution Geographic Regions* 

Less Than 

$100 

Million 

$100 

Million to 

$1 Billion 

$1 Billion to 

$10 Billion 

$10 Billion 

to $250 

Billion 

Greater 

Than $250 

Billion New York Atlanta Chicago 

Kansas 

City Dallas 

San 

Francisco 

Number of institutions reporting 

Commercial banks 

Savings institutions 

Total assets (in billions) 

Commercial banks 

Savings institutions 

Total deposits (in billions) 

Commercial banks 

Savings institutions 

Bank net income (in millions) 

Commercial banks 

Savings institutions 

4,839 

4,231 

608 

$23,719.4 

22,195.3 

1,524.1 

19,701.6 

18,410.4 

1,291.3 

279,138 

263,131 

16,007 

817 

712 

105 

$49.9 

44.0 

5.9 

42.0 

37.5 

4.6 

506 

426 

80 

3,049 813 147 

2,702 675 130 

347 138 17 

$1,125.0 $2,221.8 $7,076.1 

988.0 1,866.0 6,471.1 

136.9 355.8 605.0 

966.9 1,878.2 5,929.0 

854.1 1,584.8 5,441.1 

112.8 293.4 487.8 

13,901 29,684 97,241 

11,857 25,853 89,727 

2,043 3,831 7,515 

13 

12 

1 

$13,246.6 

12,826.1 

420.5 

10,885.6 

10,492.9 

392.7 

137,806 

135,268 

2,538 

577 551 1,040 1,237 1,075 359 

299 502 897 1,198 1,006 329 

278 49 143 39 69 30 

$4,454.5 $4,787.8 $5,666.0 $4,198.7 $2,041.6 $2,570.9 

4,017.8 4,645.8 5,573.9 4,152.0 1,389.2 2,416.6 

436.7 142.0 92.1 46.6 652.4 154.3 

3,690.7 4,028.5 4,519.7 3,503.0 1,776.6 2,183.1 

3,340.3 3,909.2 4,450.8 3,464.2 1,188.0 2,057.8 

350.4 119.3 68.8 38.9 588.6 125.3 

45,995 57,307 68,073 45,657 21,290 40,816 

41,637 56,686 65,916 45,217 17,622 36,053 

4,358 622 2,157 439 3,668 4,763 

Performance Ratios (%) 

Yield on earning assets 

Cost of funding earning assets 

Net interest margin 

Noninterest income to assets 

Noninterest expense to assets 

Credit loss provision to assets** 

Net operating income to assets 

Pretax return on assets 

Return on assets 

Return on equity 

Net charge-offs to loans and leases 

Loan and lease loss provision to 

net charge-offs 

Efficiency ratio 

% of unprofitable institutions 

% of institutions with earnings gains 

2.71 

0.17 

2.54 

1.32 

2.24 

-0.14 

1.22 

1.55 

1.23 

12.21 

0.25 

-106.64 

61.15 

3.08 

75.55 

3.65 

0.38 

3.27 

1.88 

3.64 

0.06 

1.03 

1.20 

1.04 

7.53 

0.07 

176.06 

74.18 

10.16 

60.34 

3.70 3.62 3.33 

0.35 0.28 0.24 

3.35 3.34 3.08 

1.36 1.25 1.30 

2.95 2.61 2.40 

0.08 0.04 -0.11 

1.27 1.38 1.44 

1.51 1.77 1.88 

1.29 1.41 1.46 

11.76 12.90 13.76 

0.06 0.12 0.30 

233.59 45.59 -57.49 

65.13 59.13 57.09 

2.00 0.49 0.68 

75.50 88.07 91.16 

2.14 

0.10 

2.04 

1.34 

2.04 

-0.20 

1.07 

1.34 

1.07 

11.26 

0.27 

-178.54 

63.82 

0.00 

84.62 

2.62 2.75 2.27 2.71 2.88 3.63 

0.20 0.15 0.12 0.18 0.18 0.28 

2.42 2.60 2.16 2.53 2.70 3.35 

1.22 1.13 1.62 1.17 0.93 1.76 

2.09 2.19 2.19 2.27 2.16 2.75 

-0.03 -0.20 -0.21 -0.18 -0.04 -0.03 

1.06 1.25 1.25 1.09 1.11 1.68 

1.38 1.51 1.59 1.40 1.36 2.23 

1.08 1.26 1.25 1.10 1.12 1.71 

10.34 11.97 13.10 11.19 11.27 16.60 

0.26 0.26 0.19 0.31 0.10 0.33 

-25.83 -147.29 -250.04 -111.86 -80.94 -15.07 

60.53 62.22 61.12 64.85 61.79 55.60 

3.99 5.63 3.46 1.62 2.70 2.79 

82.32 78.04 69.81 72.84 77.67 80.50 

Condition Ratios (%) 

Earning assets to total assets 

Loss allowance to: 

Loans and leases 

Noncurrent loans and leases 

Noncurrent assets plus 

other real estate owned to assets 

Equity capital ratio 

Core capital (leverage) ratio 

Common equity tier 1 capital ratio*** 

Tier 1 risk-based capital ratio*** 

Total risk-based capital ratio*** 

Net loans and leases to deposits 

Net loans to total assets 

Domestic deposits to total assets 

91.77 

1.58 

178.73 

0.44 

9.94 

8.74 

14.04 

14.14 

15.46 

56.18 

46.66 

76.69 

92.48 

1.48 

151.90 

0.58 

13.49 

13.31 

23.56 

23.61 

24.71 

59.84 

50.34 

84.13 

94.09 93.75 93.07 

1.38 1.33 1.74 

226.64 209.19 182.47 

0.42 0.44 0.56 

10.83 10.86 10.31 

10.64 10.23 9.24 

15.81 14.34 13.62 

15.83 14.36 13.85 

16.94 15.43 15.03 

67.72 73.10 67.86 

58.21 61.79 56.86 

85.95 84.45 81.86 

90.55 

1.55 

166.02 

0.37 

9.50 

8.04 

14.14 

14.17 

15.63 

45.86 

37.69 

71.81 

91.33 91.18 90.82 91.31 94.37 94.42 

1.59 1.56 1.44 1.70 1.26 1.88 

175.95 191.59 179.10 166.54 85.27 328.50 

0.45 0.39 0.37 0.49 0.69 0.35 

10.32 10.21 9.52 9.81 9.64 10.14 

9.04 8.26 8.33 8.81 8.88 9.76 

14.38 13.28 14.34 13.51 15.03 14.48 

14.44 13.37 14.40 13.59 15.15 14.74 

15.75 14.46 15.55 15.58 16.19 15.88 

57.97 54.35 52.84 55.26 50.75 69.36 

48.03 45.73 42.15 46.10 44.16 58.90 

77.86 81.56 70.63 68.68 86.99 83.81 

Structural Changes 

New reporters 

Institutions absorbed by mergers 

Failed institutions 

9 

164 

0 

9 

33 

0 

0 0 0 

100 27 4 

0 0 0 

0 

0 

0 

0 3 3 0 1 2 

16 17 28 56 35 12 

0 0 0 0 0 0 

PRIOR FULL YEARS 

(The way it was...) 

Number of institutions 

Total assets (in billions) 

Return on assets (%) 

Net charge-offs to loans & leases (%) 

2020 

2018 

2016 

2020 

2018 

2016 

2020 

2018 

2016 

2020 

2018 

2016 

5,002 

5,406 

5,913 

$21,868.8 

17,943.0 

16,779.7 

0.72 

1.35 

1.04 

0.50 

0.48 

0.47 

946 

1,278 

1,541 

$57.2 

75.9 

91.5 

0.84 

1.01 

0.89 

0.13 

0.18 

0.21 

3,129 776 138 

3,353 638 128 

3,637 621 105 

$1,101.4 $2,069.8 $6,358.4 

1,108.6 1,734.8 6,202.3 

1,173.9 1,761.8 5,305.7 

1.21 1.11 0.71 

1.23 1.33 1.46 

1.08 1.01 1.07 

0.12 0.22 0.66 

0.16 0.20 0.70 

0.14 0.25 0.64 

13 

9 

9 

$12,282.0 

8,821.4 

8,446.9 

0.61 

1.29 

1.03 

0.51 

0.43 

0.47 

593 570 1,069 1,292 1,107 371 

659 626 1,163 1,379 1,182 397 

724 720 1,271 1,485 1,268 445 

$4,015.0 $4,485.2 $5,205.7 $4,134.1 $1,792.6 $2,236.1 

3,362.0 3,677.0 4,042.6 3,670.8 1,133.1 2,057.6 

3,096.4 3,507.3 3,784.3 3,633.9 1,010.7 1,747.0 

0.62 0.59 0.87 0.49 0.98 1.03 

1.22 1.44 1.26 1.25 1.40 1.74 

0.87 1.02 1.00 1.09 1.02 1.40 

0.48 0.54 0.41 0.53 0.31 0.70 

0.59 0.55 0.23 0.50 0.24 0.73 

0.52 0.54 0.27 0.53 0.31 0.58 

Noncurrent assets plus 

OREO to assets (%) 2020 0.61 0.74 0.60 0.65 0.83 0.50 0.60 0.55 0.52 0.70 1.08 0.48 

Equity capital ratio (%) 

2018 

2016 

2020 

2018 

2016 

0.60 

0.86 

10.17 

11.25 

11.10 

0.97 

1.10 

13.43 

13.57 

12.70 

0.73 0.64 0.62 

0.96 0.84 0.78 

11.27 10.94 10.84 

11.50 11.91 12.08 

11.14 11.55 11.87 

0.57 

0.90 

9.58 

10.49 

10.50 

0.58 0.65 0.54 0.68 0.76 0.44 

0.70 1.03 0.79 1.00 1.06 0.53 

10.49 10.78 9.59 9.83 10.08 10.44 

12.53 

12.11 

12.07 

12.05 

10.35 10.23 

10.32 9.87 

11.81 

10.92 

11.02 

11.79 

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

** For institutions that have adopted ASU 2016-13, the numerator represents provisions for credit losses on a consolidated basis; for institutions that have not adopted ASU 2016-13, the numerator 

represents the provision for loan and lease losses. 

*** Beginning March 2020, does not include institutions that have a Community Bank Leverage Ratio election in effect at the report date. 

FDIC QUARTERLY 9
2022 • Volume 16 • Number 2

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

Asset Concentration Groups* 

Credit Other 

March 31, 2022 All Insured Card International Agricultural Commercial Mortgage Consumer Specialized All Other All Other 

Institutions Banks Banks Banks Lenders Lenders Lenders <$1 Billion <$1 Billion >$1 Billion 

Percent of Loans 30-89 Days Past Due 

All loans secured by real estate 0.40 0.32 0.38 0.46 0.32 0.32 0.18 0.68 0.62 0.55 

Construction and development 0.36 0.00 0.98 0.39 0.28 0.78 0.13 0.68 0.58 0.45 

Nonfarm nonresidential 0.24 1.00 0.74 0.37 0.18 0.20 0.10 0.47 0.32 0.37 

Multifamily residential real estate 0.14 0.17 0.12 0.17 0.15 0.35 0.00 0.06 0.12 0.11 

Home equity loans 0.38 0.00 0.39 0.33 0.35 0.19 0.21 0.38 0.42 0.44 

Other 1-4 family residential 0.59 0.24 0.38 0.71 0.61 0.32 0.19 0.98 0.81 0.69 

Commercial and industrial loans 0.39 0.49 0.69 0.64 0.34 0.97 0.26 0.87 0.75 0.32 

Loans to individuals 0.99 1.10 0.68 0.77 0.69 0.70 1.50 1.08 1.13 1.12 

Credit card loans 0.91 1.11 0.67 0.92 1.19 0.78 1.88 1.72 1.31 0.86 

Other loans to individuals 1.06 0.89 0.71 0.75 0.65 0.69 1.50 1.05 1.12 1.23 

All other loans and leases (including farm) 0.28 0.94 0.40 0.64 0.30 0.04 0.11 0.37 0.45 0.18 

Total loans and leases 0.48 1.03 0.51 0.53 0.35 0.34 0.99 0.72 0.66 0.52 

Percent of Loans Noncurrent** 

All real estate loans 1.17 0.85 1.39 0.69 0.93 0.52 0.26 0.80 0.65 1.69 

Construction and development 0.42 0.00 1.86 0.36 0.30 0.35 0.09 0.63 0.20 0.58 

Nonfarm nonresidential 0.66 0.97 0.72 0.69 0.58 0.39 0.10 0.68 0.78 0.96 

Multifamily residential real estate 0.22 4.36 0.15 0.34 0.22 0.34 0.19 0.33 0.23 0.29 

Home equity loans 2.06 0.00 5.64 0.22 1.15 0.52 3.46 0.44 0.30 2.81 

Other 1-4 family residential 1.81 0.75 1.68 0.53 1.93 0.54 0.24 0.88 0.68 2.08 

Commercial and industrial loans 0.68 0.34 1.01 0.93 0.71 1.08 0.79 0.67 0.81 0.50 

Loans to individuals 0.66 1.09 0.53 0.36 0.38 0.23 0.87 0.38 0.58 0.56 

Credit card loans 0.91 1.14 0.66 0.43 1.04 0.49 1.34 0.69 2.25 0.82 

Other loans to individuals 0.45 0.36 0.19 0.35 0.34 0.20 0.87 0.37 0.44 0.44 

All other loans and leases (including farm) 0.25 1.67 0.32 0.68 0.25 0.14 0.08 0.68 0.57 0.18 

Total loans and leases 0.84 1.01 0.83 0.70 0.79 0.52 0.70 0.74 0.66 0.91 

Percent of Loans Charged-Off (net, YTD) 

All real estate loans -0.01 -0.02 -0.06 0.00 0.01 -0.02 -0.01 0.00 0.00 -0.02 

Construction and development -0.02 0.00 0.00 -0.04 -0.01 -0.01 -0.02 -0.04 0.10 -0.06 

Nonfarm nonresidential 0.01 0.00 0.02 0.02 0.02 -0.02 0.00 0.00 -0.04 0.00 

Multifamily residential real estate 0.00 0.00 0.00 -0.07 0.00 0.00 0.00 0.00 0.00 0.00 

Home equity loans -0.19 0.00 -0.59 -0.05 -0.10 -0.07 0.02 -0.08 -0.01 -0.25 

Other 1-4 family residential 0.00 -0.03 -0.06 0.00 0.04 -0.01 -0.02 0.02 0.00 -0.02 

Commercial and industrial loans 0.11 0.79 0.13 0.03 0.12 -0.09 0.05 -0.25 0.01 0.08 

Loans to individuals 1.09 2.09 1.13 0.31 0.64 0.63 0.64 0.73 0.36 0.80 

Credit card loans 1.85 2.16 1.46 1.42 3.27 1.91 2.22 0.41 2.27 1.72 

Other loans to individuals 0.44 1.07 0.24 0.18 0.47 0.47 0.63 0.75 0.20 0.39 

All other loans and leases (including farm) 0.13 0.64 0.13 0.00 0.22 0.11 0.05 0.88 0.06 0.09 

Total loans and leases 0.22 1.94 0.28 0.01 0.09 0.00 0.40 0.07 0.03 0.17 

Loans Outstanding (in billions) 

All real estate loans $5,325.8 $2.9 $565.0 $110.3 $2,863.5 $152.6 $55.9 $17.7 $52.4 $1,505.5 

Construction and development 412.9 0.1 17.6 7.7 303.5 5.5 0.6 1.9 4.1 72.0 

Nonfarm nonresidential 1,673.7 0.3 63.7 29.1 1,200.4 16.2 7.2 6.5 12.4 337.9 

Multifamily residential real estate 529.1 0.0 87.4 3.9 342.9 5.5 1.0 0.6 1.8 86.1 

Home equity loans 261.1 0.0 22.8 1.7 141.9 7.0 0.7 0.5 1.7 84.7 

Other 1-4 family residential 2,272.8 2.5 319.4 24.9 823.6 117.7 46.4 7.1 28.7 902.7 

Commercial and industrial loans 2,395.3 45.0 360.8 21.5 1,083.7 4.8 37.0 2.9 5.6 833.9 

Loans to individuals 1,882.5 373.9 376.8 6.0 288.2 3.8 156.0 1.8 5.3 670.6 

Credit card loans 851.2 350.5 274.3 0.6 16.8 0.4 1.6 0.1 0.4 206.5 

Other loans to individuals 1,031.3 23.4 102.5 5.4 271.5 3.4 154.4 1.7 4.9 464.1 

All other loans and leases (including farm) 1,755.1 0.4 548.0 32.3 369.0 4.1 8.8 1.1 3.3 788.1 

Total loans and leases (plus unearned income) 11,358.7 422.2 1,850.6 170.2 4,604.5 165.3 257.7 23.5 66.6 3,798.1 

Memo: Other Real Estate Owned (in millions) 

All other real estate owned 2,934.1 2.2 242.2 105.3 1,501.2 47.2 9.9 36.9 61.7 927.6 

Construction and development 511.1 0.0 1.0 11.6 415.4 8.6 0.0 11.5 25.7 37.2 

Nonfarm nonresidential 1,501.6 2.2 88.0 45.1 753.1 16.9 1.7 17.4 21.4 555.7 

Multifamily residential real estate 41.5 0.0 0.0 3.6 36.1 0.1 0.0 0.0 1.6 0.1 

1-4 family residential 787.6 0.0 144.2 17.9 246.0 20.0 8.1 6.5 12.1 332.8 

Farmland 82.6 0.0 0.0 27.1 50.0 1.4 0.0 1.5 0.9 1.7 

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

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

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

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

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

25 percent of total assets. 

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

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

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

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

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

** Noncurrent loan rates represent the percentage of loans in each category that are past due 90 days or more or that are in nonaccrual status. 

10 FDIC QUARTERLY 
QUARTERLY BANKING PROFILE

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

March 31, 2022 All Insured 

Institutions 

Asset Size Distribution Geographic Regions* 

Less Than 

$100 

Million 

$100 

Million to 

$1 Billion 

$1 Billion 

to 

$10 Billion 

$10 Billion 

to $250 

Billion 

Greater 

Than $250 

Billion New York Atlanta Chicago 

Kansas 

City Dallas 

San 

Francisco 

Percent of Loans 30-89 Days Past Due 

All loans secured by real estate 

Construction and development 

Nonfarm nonresidential 

Multifamily residential real estate 

Home equity loans 

Other 1-4 family residential 

Commercial and industrial loans 

Loans to individuals 

Credit card loans 

Other loans to individuals 

All other loans and leases (including farm) 

Total loans and leases 

0.40 

0.36 

0.24 

0.14 

0.38 

0.59 

0.39 

0.99 

0.91 

1.06 

0.28 

0.48 

0.87 

0.52 

0.66 

0.56 

0.62 

1.24 

0.88 

1.26 

2.49 

1.26 

0.42 

0.84 

0.40 0.25 0.33 

0.35 0.23 0.31 

0.25 0.16 0.16 

0.18 0.13 0.15 

0.31 0.26 0.38 

0.61 0.42 0.53 

0.55 0.69 0.24 

1.04 1.18 0.92 

2.18 2.55 1.04 

0.98 0.86 0.83 

0.52 0.30 0.27 

0.45 0.38 0.42 

0.55 

0.63 

0.49 

0.13 

0.41 

0.67 

0.43 

1.03 

0.75 

1.29 

0.28 

0.55 

0.36 

0.37 

0.25 

0.21 

0.32 

0.54 

0.39 

0.81 

1.03 

0.66 

0.22 

0.42 

0.46 

0.46 

0.21 

0.06 

0.45 

0.68 

0.37 

1.47 

1.10 

1.76 

0.19 

0.59 

0.38 0.53 

0.36 0.40 

0.25 0.46 

0.13 0.13 

0.39 0.41 

0.52 0.73 

0.38 0.43 

0.58 0.92 

0.60 0.80 

0.56 1.13 

0.38 0.30 

0.41 0.52 

0.47 

0.26 

0.20 

0.12 

0.47 

0.95 

0.34 

0.69 

0.46 

0.75 

0.24 

0.44 

0.19 

0.33 

0.14 

0.07 

0.21 

0.24 

0.40 

1.14 

1.07 

1.20 

0.28 

0.46 

Percent of Loans Noncurrent** 

All real estate loans 

Construction and development 

Nonfarm nonresidential 

Multifamily residential real estate 

Home equity loans 

Other 1-4 family residential 

Commercial and industrial loans 

Loans to individuals 

Credit card loans 

Other loans to individuals 

All other loans and leases (including farm) 

Total loans and leases 

1.17 

0.42 

0.66 

0.22 

2.06 

1.81 

0.68 

0.66 

0.91 

0.45 

0.25 

0.84 

0.89 

0.25 

0.97 

0.24 

0.29 

0.89 

1.31 

0.64 

1.86 

0.63 

1.07 

0.95 

0.55 0.55 1.21 

0.38 0.36 0.23 

0.54 0.49 0.68 

0.28 0.23 0.20 

0.50 0.41 1.13 

0.59 0.79 2.16 

0.76 1.15 0.57 

0.41 0.79 0.73 

1.54 2.48 1.07 

0.35 0.40 0.43 

0.65 0.31 0.24 

0.58 0.65 0.87 

1.65 

0.92 

0.90 

0.24 

3.57 

2.03 

0.66 

0.60 

0.72 

0.48 

0.23 

0.90 

1.18 

0.83 

0.98 

0.33 

1.84 

1.66 

0.83 

0.70 

1.12 

0.44 

0.17 

0.90 

1.18 

0.23 

0.63 

0.49 

1.52 

1.76 

0.53 

0.80 

1.07 

0.59 

0.17 

0.79 

1.29 1.40 

0.79 0.18 

0.66 0.65 

0.15 0.10 

2.55 4.30 

1.80 2.06 

0.57 0.80 

0.33 0.66 

0.59 0.77 

0.13 0.46 

0.30 0.33 

0.79 0.94 

1.54 

0.18 

0.44 

0.09 

0.81 

3.97 

0.70 

0.53 

0.86 

0.43 

0.19 

1.20 

0.43 

0.24 

0.43 

0.08 

0.59 

0.50 

0.77 

0.81 

1.02 

0.65 

0.23 

0.55 

Percent of Loans Charged-Off 

(net, YTD) 

All real estate loans 

Construction and development 

Nonfarm nonresidential 

Multifamily residential real estate 

Home equity loans 

Other 1-4 family residential 

Commercial and industrial loans 

Loans to individuals 

Credit card loans 

Other loans to individuals 

All other loans and leases (including farm) 

Total loans and leases 

-0.01 

-0.02 

0.01 

0.00 

-0.19 

0.00 

0.11 

1.09 

1.85 

0.44 

0.13 

0.22 

0.01 

0.00 

0.00 

0.00 

-0.01 

0.02 

0.15 

0.29 

8.57 

0.24 

0.00 

0.04 

0.00 0.00 0.02 

0.01 -0.01 -0.02 

0.00 0.01 0.02 

-0.01 0.01 -0.01 

-0.01 -0.03 -0.11 

-0.01 -0.01 0.04 

0.03 0.07 0.18 

0.50 1.47 1.21 

2.28 5.34 2.05 

0.40 0.56 0.46 

0.08 0.06 0.13 

0.03 0.10 0.30 

-0.04 

-0.06 

0.01 

0.00 

-0.32 

-0.03 

0.08 

0.97 

1.57 

0.42 

0.14 

0.22 

0.00 

0.00 

0.04 

0.00 

-0.13 

-0.02 

0.08 

1.15 

2.20 

0.48 

0.09 

0.21 

0.04 

-0.06 

0.02 

0.00 

-0.25 

0.09 

0.18 

1.07 

1.90 

0.41 

0.19 

0.30 

-0.03 -0.02 

-0.05 -0.01 

0.02 -0.01 

0.00 0.01 

-0.22 -0.24 

-0.04 -0.02 

0.11 0.03 

0.75 1.32 

1.42 1.72 

0.24 0.60 

0.10 0.18 

0.15 0.23 

-0.01 

0.00 

0.00 

0.00 

-0.18 

-0.02 

0.14 

0.63 

1.48 

0.37 

0.12 

0.08 

-0.01 

-0.03 

0.00 

0.00 

-0.05 

-0.01 

0.13 

1.29 

2.13 

0.61 

0.04 

0.33 

Loans Outstanding (in billions) 

All real estate loans 

Construction and development 

Nonfarm nonresidential 

Multifamily residential real estate 

Home equity loans 

Other 1-4 family residential 

Commercial and industrial loans 

Loans to individuals 

Credit card loans 

Other loans to individuals 

All other loans and leases (including farm) 

Total loans and leases 

(plus unearned income) 

$5,325.8 

412.9 

1,673.7 

529.1 

261.1 

2,272.8 

2,395.3 

1,882.5 

851.2 

1,031.3 

1,755.1 

11,358.7 

$16.4 

1.0 

3.5 

0.4 

0.3 

7.8 

2.9 

1.5 

0.0 

1.5 

2.9 

23.7 

$504.2 $1,004.6 $2,017.7 

51.2 106.3 173.7 

191.4 436.9 688.2 

28.8 111.7 238.2 

14.4 33.4 99.8 

168.1 283.2 800.6 

82.4 232.4 870.9 

25.6 78.9 823.5 

1.3 14.7 379.3 

24.3 64.2 444.2 

36.8 67.6 468.8 

649.0 1,383.5 4,180.9 

$1,783.0 

80.7 

353.8 

150.0 

113.3 

1,013.1 

1,206.6 

953.0 

455.9 

497.1 

1,179.1 

5,121.6 

$1,144.7 

79.6 

388.7 

181.8 

65.0 

423.4 

424.5 

347.1 

135.6 

211.5 

296.2 

2,212.5 

$911.7 

64.7 

310.9 

44.8 

57.1 

420.3 

577.1 

433.7 

190.5 

243.2 

329.8 

2,252.4 

$1,045.7 $855.6 

65.0 58.0 

253.9 214.1 

132.6 51.5 

62.5 33.2 

506.8 399.7 

546.5 416.9 

376.7 290.2 

162.4 186.5 

214.4 103.7 

461.3 422.7 

2,430.3 1,985.4 

$607.2 

95.8 

251.0 

27.1 

17.9 

194.5 

175.0 

71.0 

16.0 

55.0 

70.1 

923.3 

$760.9 

49.8 

255.2 

91.3 

25.4 

328.1 

255.3 

363.7 

160.1 

203.6 

175.0 

1,554.8 

Memo: Other Real Estate Owned 

(in millions) 

All other real estate owned 

Construction and development 

Nonfarm nonresidential 

Multifamily residential real estate 

1-4 family residential 

Farmland 

2,934.1 

511.1 

1,501.6 

41.5 

787.6 

82.6 

34.7 

6.2 

12.7 

6.0 

9.1 

0.7 

549.4 673.9 696.0 

216.7 177.4 93.2 

188.3 384.8 303.8 

18.9 3.8 12.2 

85.2 83.3 269.0 

40.2 23.9 17.8 

980.2 

17.5 

611.9 

0.6 

341.1 

0.0 

414.3 

57.7 

119.7 

6.4 

229.7 

0.8 

854.8 

129.0 

556.0 

9.3 

157.6 

3.0 

596.8 419.4 

57.0 82.8 

293.5 221.0 

7.3 3.9 

228.0 77.5 

10.2 25.2 

501.1 

150.3 

269.0 

7.6 

55.6 

18.6 

147.7 

34.2 

42.4 

7.1 

39.3 

24.7 

* 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 

** Noncurrent loan rates represent the percentage of loans in each category that are past due 90 days or more or that are in nonaccrual status. 

FDIC QUARTERLY 11
2022 • Volume 16 • Number 2

 

 

 

 

 

 

 

 

 

 

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

1st 

Quarter 

2022 

4th 

Quarter 

2021 

3rd 

Quarter 

2021 

2nd 

Quarter 

2021 

1st 

Quarter 

2021 

% 

Change

21Q1-

22Q1 

Asset Size Distribution 

(dollar figures in millions;

notional amounts unless otherwise indicated) 

Less 

Than 

$100 

Million 

$100 

Million 

to $1 

Billion 

$1 

Billion 

to $10 

Billion 

$10 

Billion 

to $250 

Billion 

Greater 

Than 

$250 

Billion 

ALL DERIVATIVE HOLDERS 

Number of institutions reporting derivatives 1,293 1,309 1,358 1,373 1,388 -6.8 26 600 520 134 13 

Total assets of institutions reporting derivatives $22,139,721 $21,895,960 $21,479,239 $21,030,025 $20,815,146 6.4 $1,839 $291,248 $1,581,996 $6,737,668 $13,526,970 

Total deposits of institutions reporting derivatives 18,364,365 18,163,546 17,677,856 17,273,942 17,013,885 7.9 1,527 251,989 1,351,248 5,694,735 11,064,865 

Total derivatives 203,157,893 179,313,907 187,643,808 186,058,289 191,684,273 6.0 241 16,106 180,000 4,363,064 198,598,483 

Derivative Contracts by Underlying Risk Exposure 

Interest rate 145,900,925 126,263,473 131,805,981 133,336,712 137,479,466 6.1 241 15,583 172,824 2,495,798 143,216,479 

Foreign exchange* 46,356,513 43,668,294 45,631,510 43,728,636 45,257,498 2.4 0 0 3,309 1,627,360 44,725,844 

Equity 4,489,264 4,256,115 4,649,386 4,255,377 4,005,265 12.1 0 23 47 57,046 4,432,147 

Commodity & other (excluding credit derivatives) 1,905,829 1,584,207 1,703,480 1,631,946 1,582,254 20.5 0 0 20 125,469 1,780,341 

Credit 4,504,316 3,540,460 3,851,976 3,104,095 3,358,501 34.1 0 16 3,238 57,390 4,443,673 

Total 203,156,847 179,312,549 187,642,333 186,056,766 191,682,984 6.0 241 15,622 179,438 4,363,064 198,598,483 

Derivative Contracts by Transaction Type 

Swaps 124,396,733 109,290,037 111,083,426 106,973,320 107,722,248 15.5 0 1,816 114,774 2,419,722 121,860,421 

Futures & forwards 33,523,087 31,179,822 35,311,292 37,583,984 40,934,399 -18.1 1 2,971 13,905 1,535,239 31,970,972 

Purchased options 18,875,284 16,490,297 17,182,098 17,945,500 18,603,556 1.5 0 289 15,856 137,062 18,722,077 

Written options 19,054,957 16,963,154 17,050,718 17,894,265 18,371,380 3.7 0 2,617 13,291 133,385 18,905,664 

Total 195,850,061 173,923,310 180,627,535 180,397,069 185,631,583 5.5 1 7,693 157,827 4,225,407 191,459,133 

Fair Value of Derivative Contracts 

Interest rate contracts 71,616 55,248 63,686 63,874 69,390 3.2 0 76 1,644 -60 69,955 

Foreign exchange contracts 11,938 -4,023 11,247 10,331 13,849 -13.8 0 0 5 1,266 10,668 

Equity contracts -3,383 -8,794 -10,413 -13,273 -6,810 N/M 0 5 3 -724 -2,667 

Commodity & other (excluding credit derivatives) 21,140 6,479 15,125 6,125 3,967 432.9 0 0 0 -112 21,252 

Credit derivatives as guarantor** 13,388 24,091 22,626 16,825 16,748 -20.1 0 4 11 -32 13,405 

Credit derivatives as beneficiary** -14,304 -28,518 -25,285 -21,140 -18,453 N/M 0 0 -3 -186 -14,115 

Derivative Contracts by Maturity*** 

Interest rate contracts < 1 year 102,937,039 68,042,247 68,584,601 71,258,989 76,501,758 34.6 0 2,041 20,493 1,049,080 101,865,425 

1-5 years 26,326,672 41,249,959 46,133,350 45,946,825 44,407,327 -40.7 0 481 42,002 784,291 25,499,898 

> 5 years 23,009,349 20,474,533 22,927,280 22,280,409 22,231,498 3.5 0 1,231 68,498 474,983 22,464,637 

Foreign exchange and gold contracts < 1 year 34,852,149 30,953,966 31,560,013 30,839,509 32,130,016 8.5 0 0 2,253 1,492,517 33,357,379 

1-5 years 4,822,181 4,863,871 4,723,452 4,557,853 4,336,231 11.2 0 0 254 90,182 4,731,745 

> 5 years 2,618,402 2,551,933 2,576,222 2,502,654 2,405,347 8.9 0 0 10 13,189 2,605,204 

Equity contracts < 1 year 4,491,365 3,880,771 4,079,641 3,806,830 3,504,313 28.2 0 7 2 25,870 4,465,487 

1-5 years 1,000,719 1,055,173 1,135,840 957,152 870,551 15.0 0 17 21 24,152 976,530 

> 5 years 175,183 144,720 159,126 153,371 124,452 40.8 0 0 7 1,544 173,632 

Commodity & other contracts (including credit 

derivatives, excluding gold contracts) < 1 year 3,560,248 2,195,295 2,417,770 2,234,059 2,149,899 65.6 0 0 132 46,740 3,513,376 

1-5 years 2,658,498 2,569,198 2,478,994 2,137,329 2,050,971 29.6 0 0 669 49,602 2,608,227 

> 5 years 469,467 236,524 519,222 215,849 435,795 7.7 0 14 1,471 10,469 457,513 

Risk-Based Capital: Credit Equivalent Amount 

Total current exposure to tier 1 capital (%) 16.7 19.4 24.9 24.8 25.6 0.0 0.2 1.7 4.5 26.7 

Total potential future exposure to tier 1 capital (%) 38.6 34.1 37.3 34.9 34.1 0.0 0.1 0.9 5.4 65.1 

Total exposure (credit equivalent amount) 

to tier 1 capital (%) 55.4 53.4 62.3 59.7 59.6 0.0 0.3 2.6 9.9 91.8 

Credit losses on derivatives  109.5 17.9 21.2 21.5 6.8 1,510.3 0.0 2.4 1.0 -0.8 107.0 

HELD FOR TRADING 

Number of institutions reporting derivatives 180 185 188 190 188 -4.3 1 16 87 65 11 

Total assets of institutions reporting derivatives 17,113,305 16,931,301 16,663,510 16,311,705 16,167,781 5.8 78 8,867 361,193 4,068,183 12,674,984 

Total deposits of institutions reporting derivatives 14,065,378 13,957,567 13,628,595 13,321,986 13,125,102 7.2 68 7,728 307,210 3,465,019 10,285,353 

Derivative Contracts by Underlying Risk Exposure 

Interest rate 141,764,396 122,237,175 127,448,311 129,126,796 133,860,018 5.9 0 389 45,212 1,169,857 140,548,938 

Foreign exchange 43,028,040 41,349,240 41,961,260 40,661,753 42,039,817 2.4 0 0 3,017 1,512,424 41,512,599 

Equity 4,463,312 4,231,348 4,620,993 4,225,427 3,976,351 12.2 0 0 33 48,189 4,415,090 

Commodity & other 1,865,296 1,543,080 1,664,064 1,592,567 1,544,723 20.8 0 0 7 120,801 1,744,488 

Total 191,121,044 169,360,843 175,694,627 175,606,542 181,420,909 5.3 0 389 48,270 2,851,270 188,221,116 

Trading Revenues: Cash & Derivative Instruments 

Interest rate**  415 278 -323 3,373 -29 N/M 0 0 4 67 344 

Foreign exchange** 6,341 3,747 3,998 1,546 6,343 0.0 0 0 2 354 5,984 

Equity** 1,458 3,534 1,729 2,384 2,388 -38.9 0 0 6 -3 1,455 

Commodity & other (including credit derivatives)** 2,420 -367 1,510 862 1,921 26.0 0 0 0 -8 2,428 

Total trading revenues** 10,634 7,192 6,914 8,165 10,623 0.1 0 0 12 410 10,212 

Share of Revenue 

Trading revenues to gross revenues (%)** 7.4 5.2 4.9 5.9 7.6 0.0 0.0 0.3 1.2 9.7 

Trading revenues to net operating revenues (%)** 28.5 17.5 15.6 18.3 21.3 0.0 0.0 1.3 4.5 37.7 

HELD FOR PURPOSES OTHER THAN TRADING 

Number of institutions reporting derivatives 563 578 607 609 615 -8.5 1 124 299 126 13 

Total assets of institutions reporting derivatives 21,083,112 20,934,660 20,529,306 19,988,674 19,820,456 6.4 61 65,408 1,151,123 6,339,550 13,526,970 

Total deposits of institutions reporting derivatives 17,460,633 17,352,823 16,878,746 16,400,333 16,180,006 7.9 51 56,336 977,629 5,361,752 11,064,865 

Derivative Contracts by Underlying Risk Exposure 

Interest rate 4,110,227 3,998,741 4,322,378 4,172,783 3,575,177 15.0 1 7,281 109,463 1,325,941 2,667,541 

Foreign exchange 552,305 497,831 542,719 548,414 569,053 -2.9 0 0 68 34,670 517,567 

Equity 25,951 24,767 28,393 29,951 28,914 -10.2 0 23 14 8,857 17,057 

Commodity & other 40,534 41,128 39,417 39,380 37,531 8.0 0 0 13 4,668 35,853 

Total notional amount 4,729,017 4,562,467 4,932,908 4,790,527 4,210,674 12.3 1 7,305 109,557 1,374,137 3,238,018 

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

* Includes 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. 

** Does not include banks filing the FFIEC 051 report form, which was introduced in first quarter 2017. 

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

**** Credit losses on derivatives is applicable to all banks filing the FFIEC 031 report form and banks filing the FFIEC 041 report form that have $300 million or more in total assets, but is not 

applicaable to banks filing the FFIEC 051 form. 

12 FDIC QUARTERLY 
QUARTERLY BANKING PROFILE

 

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

Asset Size Distribution 

(dollar figures in millions) 

1st 

Quarter 

2022 

4th 

Quarter 

2021 

3rd 

Quarter 

2021 

2nd 

Quarter 

2021 

1st 

Quarter 

2021 

% 

Change 

21Q1-

22Q1 

Less 

Than 

$100 

Million 

$100 

Million 

to $1 

Billion 

$1 

Billion 

to $10 

Billion 

$10 

Billion 

to $250 

Billion 

Greater 

Than 

$250 

Billion 

Assets Securitized and Sold with Servicing Retained or with 

Recourse or Other Seller-Provided Credit Enhancements 

Number of institutions reporting securitization activities 62 62 63 60 59 5.1 1 6 9 37 9 

Outstanding Principal Balance by Asset Type 

1-4 family residential loans $285,743 $324,821 $344,767 $356,054 $358,230 -20.2 $0 $5,290 $8,057 $66,092 $206,304 

Home equity loans 6 6 6 7 7 -14.3 0 0 0 6 0 

Credit card receivables 12 0 0 0 0 0.0 0 0 0 12 0 

Auto loans 72 169 209 316 392 -81.6 0 0 0 72 0 

Other consumer loans 1,169 1,241 1,313 1,388 1,469 -20.4 0 0 0 564 605 

Commercial and industrial loans 6,228 6,624 6,285 0 0 0.0 0 0 0 0 6,228 

All other loans, leases, and other assets 111,531 106,355 101,198 95,055 91,085 22.4 3 0 7,168 7,196 97,164 

Total securitized and sold 404,761 439,216 453,778 452,820 451,183 -10.3 3 5,290 15,225 73,942 310,301 

Maximum Credit Exposure by Asset Type 

1-4 family residential loans 847 1,041 1,016 964 1,057 -19.9 0 0 51 455 341 

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

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

Auto loans 0 2 2 26 26 -100.0 0 0 0 0 0 

Other consumer loans 0 0 0 0 0 0.0 0 0 0 0 0 

Commercial and industrial loans 263 275 257 0 0 0.0 0 0 0 0 263 

All other loans, leases, and other assets 2,486 2,500 2,414 2,301 2,274 9.3 0 0 63 112 2,312 

Total credit exposure 3,596 3,818 3,689 3,291 3,357 7.1 0 0 114 567 2,916 

Total unused liquidity commitments provided to institution’s own securitizations 225 241 255 67 76 196.1 0 0 0 0 225 

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

1-4 family residential loans 2.2 2.1 1.9 1.9 2.0 0.0 1.2 0.3 1.9 2.4 

Home equity loans 8.6 4.4 7.5 1.9 6.3 0.0 0.0 0.0 8.6 0.0 

Credit card receivables 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 

Auto loans 0.0 1.6 1.4 2.0 1.9 0.0 0.0 0.0 0.0 0.0 

Other consumer loans 3.4 2.7 2.5 2.4 2.9 0.0 0.0 0.0 1.5 5.1 

Commercial and industrial loans 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 

All other loans, leases, and other assets 0.3 0.5 0.4 0.6 0.5 0.0 0.0 0.3 1.9 0.2 

Total loans, leases, and other assets 1.7 1.7 1.6 1.7 1.8 0.0 0.0 0.0 1.8 1.7 

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

1-4 family residential loans 1.6 1.9 2.2 2.4 2.7 0.0 1.6 0.2 2.1 1.5 

Home equity loans 27.4 28.1 26.3 27.3 24.5 0.0 0.0 0.0 27.4 0.0 

Credit card receivables 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 

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

Other consumer loans 2.8 2.5 2.3 2.2 2.4 0.0 0.0 0.0 1.3 4.3 

Commercial and industrial loans 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 

All other loans, leases, and other assets 1.1 1.3 1.5 1.9 1.8 0.0 0.0 1.9 0.6 1.1 

Total loans, leases, and other assets 1.3 1.5 1.8 2.1 2.3 0.0 0.0 0.0 0.7 1.4 

Securitized Loans, Leases, and Other Assets Charged-off 

(net, YTD, annualized, %) 

1-4 family residential loans 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 

Home equity loans 2.0 2.9 3.0 1.7 1.8 0.0 0.0 0.0 2.0 0.0 

Credit card receivables 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 

Auto loans 0.0 0.0 0.0 0.0 0.1 0.0 0.0 0.0 0.0 0.0 

Other consumer loans 0.1 0.5 0.3 0.2 0.1 0.0 0.0 0.0 0.1 0.1 

Commercial and industrial loans 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 

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

Total loans, leases, and other assets 0.0 0.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 

Seller’s Interests in Institution's Own Securitizations – Carried as Loans 

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

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

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

Seller’s Interests in Institution's Own Securitizations – Carried as Securities 

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

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

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

Assets Sold with Recourse and Not Securitized 

Number of institutions reporting asset sales 321 329 342 345 340 -5.6 3 100 144 65 9 

Outstanding Principal Balance by Asset Type 

1-4 family residential loans 29,136 32,269 33,775 37,950 36,084 -19.3 18 4,619 12,287 11,097 1,115 

All other loans, leases, and other assets 140,553 139,576 137,571 135,583 135,492 3.7 0 22 284 38,833 101,415 

Total sold and not securitized 169,689 171,844 171,346 173,533 171,577 -1.1 18 4,642 12,571 49,930 102,530 

Maximum Credit Exposure by Asset Type 

1-4 family residential loans 9,795 11,750 12,469 14,644 13,149 -25.5 1 452 3,599 5,160 583 

All other loans, leases, and other assets 40,923 40,576 40,025 39,279 39,242 4.3 0 22 59 12,317 28,525 

Total credit exposure 50,718 52,326 52,494 53,923 52,391 -3.2 1 474 3,658 17,477 29,108 

Support for Securitization Facilities Sponsored by Other Institutions 

Number of institutions reporting securitization facilities sponsored by others 37 36 37 37 38 -2.6 0 10 12 8 7 

Total credit exposure 23,468 21,148 22,380 22,536 23,478 0.0 0 0 0 1,474 21,993 

Total unused liquidity commitments 2,194 425 432 408 415 428.7 0 0 0 295 1,899 

Other 

Assets serviced for others** 6,045,787 5,881,547 5,809,510 5,704,667 5,624,426 7.5 2,918 155,887 406,938 1,370,504 4,109,540 

Asset-backed commercial paper conduits 

Credit exposure to conduits sponsored by institutions and others 6,289 21,662 20,788 20,683 18,417 -65.9 0 0 0 0 6,289 

Unused liquidity commitments to conduits sponsored by institutions 

and others 64,654 51,794 55,177 54,035 56,072 15.3 0 0 0 229 64,425 

Net servicing income (for the quarter) 4,490 1,626 1,755 204 3,434 30.8 7 130 690 1,509 2,153 

Net securitization income (for the quarter) -9 150 110 142 106 -108.5 0 1 3 -38 24 

Total credit exposure to Tier 1 capital (%)*** 3.4 3.4 3.4 3.4 3.5 0.0 0.1 0.3 2.3 5.1 

* Does not include banks filing the FFIEC 051 report form, which was introduced in first quarter 2017. 

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

*** Total credit exposure includes the sum of the three line items titled “Total credit exposure” reported above. 

FDIC QUARTERLY 13

QUARTERLY BANKING PROFILE

 

COMMUNITY BANK PERFORMANCE 

Community banks are identified based on criteria defined in the FDIC’s 2020 Community Banking Study. When comparing 

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

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

designated during the previous quarter. 

Net Income Declined Year Over Year 

Net Interest Margin Narrowed 

Loan Growth Was Broad Based 

Credit Quality Continued to Improve 

Community Bank Net 

Income Declined 

Year Over Year 

Community bank quarterly net income declined by $1.1 billion (14.0 percent) from a year ago 

to $7.0 billion in first quarter 2022. Lower net gains on loan sales and higher noninterest 

expenses offset growth in net interest income and lower provisions. Sixty-three percent of 

community banks reported annual declines in net income. Net income declined $581.3 million 

(7.7 percent) from fourth quarter 2021 primarily because of lower noninterest income and 

higher noninterest expense. The community bank pretax return on average assets ratio 

decreased 33 basis points from one year ago and 14 basis points from one quarter ago to 

1.25 percent, as asset growth continued and net income declined. The share of community 

banks that were unprofitable increased from 4.0 percent in the year ago quarter to 5.8 percent. 

Provision Expense 

Decreased From 

One Year Ago and From 

One Quarter Ago 

Provision expense declined $129.7 million (31.0 percent) from first quarter 2021 and 

$64.4 million (18.3 percent) from fourth quarter 2021 to $288.4 million. One hundred 

community banks had adopted current expected credit loss (CECL) accounting as of first 

quarter 2022. Community bank CECL adopters reported negative provision expense of 

$8.2 million in first quarter, a decrease of $3.0 million from the previous quarter and an 

increase of $40.1 million from one year ago. Provision expense for community banks that 

had not adopted CECL accounting totaled $296.6 million, a decline of $61.3 million from one 

quarter ago and $169.8 million from one year ago. 

Net Interest Margin 

Declined Due to Strong 

Earning Asset Growth 

Community bank net interest margin (NIM) fell 15 basis points from the year-ago quarter 

to 3.11 percent and 10 basis points from fourth quarter 2021. The pace of net interest income 

growth trailed the pace of earning asset growth. The yield on earning assets fell 28 basis 

points and the cost of funding earning assets fell 13 basis points from the year-ago quarter. 

The 0.24 percent average cost of funds was the lowest level on record since Quarterly 

Banking Profile (QBP) data collection began in first quarter 1984. 

Chart 1 Chart 2 

Contributors to the Year-Over-Year Change in Income 

FDIC-Insured Community Banks 

$ Billions Positive Factor Negative Factor 

-1.5 

-0.5 

0.5 

1.5 

4% -31% -18% 5% -128% -13%

 -$1.13 $0.79 -$0.13 -$1.14 $0.70 -$0.45 -$0.23 

-14% 

Source: FDIC. 

Net Interest Margin 

Percent 

Community Banks (3.11) 

Industry (2.54) 

2.25 

2.50 

2.75 

3.00 

3.25 

3.50 

3.75 

4.00 

2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 

Net Net Loan Loss Noninterest Noninterest Realized Income 

Income Interest Provisions Income Expense Gains on Taxes 

Source: FDIC. Income Securities 

FDIC QUARTERLY 15
2022 • Volume 16 • Number 2

Noninterest Income Was 

Down Due to Lower Net 

Gains on Loan Sales 

Noninterest income was down $1.1 billion (17.8 percent) and caused net operating revenue to 

decline by $350.1 million (1.4 percent) from first quarter 2021. Lower gains on loan sales (down 

$1.4 billion, 61.1 percent) drove the decline in noninterest income, while higher securities 

income (up $655.6 million, 34.2 percent) and lower interest expense (down $630.4 million, 

28.9 percent) drove the growth in net interest income. Net operating revenue as a percentage 

of total assets was 3.70 percent, the lowest level on record since third quarter 1988. 

Noninterest Expense 

Increased From the 

Year-Ago Quarter 

Noninterest expense of $16.2 billion was up $702.7 million (4.5 percent) from first 

quarter 2021, driven by an increase in “all other noninterest expense” of $433.3 million 

(9.6 percent).1

 Higher data processing and marketing expenses drove the increase in the 

“all other noninterest expense” category. An increase in salary and benefits expense of 

$217.6 million (2.4 percent) also contributed to the annual growth in noninterest expense. 

Average assets per employee increased 5.9 percent to $7.2 million from the year-ago 

quarter. While nearly three-fourths of community banks (73.1 percent) reported higher 

noninterest expense compared with first quarter 2021, noninterest expense as a percentage 

of average assets declined 9 basis points from first quarter 2021 to 2.39 percent, the lowest 

level on record since QBP data collection began in first quarter 1984. 

Quarterly noninterest expense declined $552.2 million (3.3 percent) because of both a 

decrease in “all other noninterest expense” of $305.4 million (5.8 percent) and a decrease 

in salary and benefits expense of $259.3 million (2.7 percent). Lower data processing 

expense drove the quarterly decline in the “all other noninterest expense” category. 

Allowance for Credit 

Losses to Total Loans 

Remained Higher Than the 

Pre-Pandemic Level 

The allowance for credit losses (ACL) as a percentage of total loans and leases declined 4 basis 

points from the year-ago quarter to 1.28 percent. The ACL as a percentage of loans 90 days 

or more past due or in nonaccrual status (coverage ratio) increased 57.6 percentage points 

from the year-ago quarter to 236.7 percent, a record high, due to the decline in noncurrent 

loan balances outpacing the decline in ACL. This ratio is well above the 147.9 percent reported 

before the pandemic in fourth quarter 2019. The coverage ratio for community banks is 

57.9 percentage points above the coverage ratio for noncommunity banks. 

Total Assets Increased 

From the Previous Quarter 

Chart 3 

Total assets increased $29.8 billion (1.1 percent) from the previous quarter and 

$186.4 billion (7.3 percent) from one year ago. Securities, which increased $26.7 billion 

(4.5 percent) from one quarter ago and $151.3 billion (32.1 percent) from one year ago, 

drove both the quarterly and annual asset growth. Total loans and leases, which increased 

$21.5 billion (1.3 percent) from one quarter ago and $35.1 billion (2.1 percent) from one year 

ago, also contributed to asset growth for the year and quarter. 

1 All other noninterest expense includes, but is not limited to, automated teller machine and interchange expenses, legal 

fees, advertising and marketing expenses, consulting expenses, data processing expenses, and FDIC deposit insurance 

assessments. 

Chart 4 

Change in Loan Balances and Unused Commitments 

FDIC-Insured Community Banks 

Change 1Q 2022 vs. 1Q 2021 $ Billions 

80 Change 1Q 2022 vs. 4Q 2021 

60 55.9 

40 36.2 

20 21.2 14.2 15.6 

6.0 5.2 0 9.4 9.6 3.1 

-20 -5.7 -1.6 -4.6 

-40 

-60 

-80 

-100 -86.9 

Nonfarm Commercial 1–4 Family Construction & 

Nonresidential & Industrial Residential Development

RE RE 

Loan Balances Source: FDIC. 

Agricultural

Production Commercial RE Commercial & Construction & Industrial 

Unused 

Commitments 

Noncurrent Loan Rates for FDIC-Insured Community Banks 

Source: FDIC. 

Share of Loan Portfolio Noncurrent 

Percent 

0 

2 

4 

6 

8 

10 

12 

14 

16 

C&D Loans 

Nonfarm Nonresidential RE 

1–4 Family RE 

C&I Loans 

Farm Loans 

Home Equity 

2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 

16 FDIC QUARTERLY 
QUARTERLY BANKING PROFILE

Cash and balances due from depository institutions declined $25.1 billion (7.9 percent) from 

the previous quarter and $9.2 billion (3.1 percent) from the same quarter a year ago. Cash 

and balances due from depository institutions, as a percentage of total assets, also declined 

from the previous quarter (down 1.0 percentage points to 10.6 percent). However, the ratio 

of cash and balances due from depository institutions to assets is still higher than the 

pre-pandemic level (7.0 percent) reported in fourth quarter 2019. 

Loan and Lease Balances 

Increased From the 

Previous Quarter and a 

Year Ago 

Community bank loan and lease balances increased $21.5 billion (1.3 percent) between fourth 

quarter 2021 and first quarter 2022. Growth in nonfarm nonresidential commercial real estate 

(CRE) loan balances of $14.2 billion (2.7 percent), construction and development loan balances 

of $5.2 billion (4.0 percent), and multifamily loan balances of $4.6 billion (3.9 percent) more 

than offset a $5.7 billion (2.4 percent) decline in commercial and industrial (C&I) loan balances 

and a $4.6 billion (9.9 percent) decline in agricultural production loan balances. Unused 

commitments increased $27.9 billion (7.2 percent) from the prior quarter to $418.0 billion. 

All major loan categories except C&I and agricultural production grew year over year, 

and 55.3 percent of community banks recorded annual loan growth. Total loans and 

leases balances increased $35.1 billion (2.1 percent) from one year ago driven by growth in 

nonfarm nonresidential CRE loan balances of $55.9 billion (11.7 percent). C&I loan balances 

declined $86.9 billion (27.0 percent) from first quarter 2021. The annual decline in C&I loan 

balances was primarily due to Paycheck Protection Program (PPP) loan repayment and 

forgiveness. PPP loan balances declined $120.2 billion (89.8 percent) from first quarter 2021. 

Excluding PPP loans, annual total loan growth would have been 10.2 percent. 

Deposit Growth Slowed 

From the Previous Quarter 

Community banks reported deposit growth of 2.2 percent ($51.2 billion) during first quarter 

2022. More than 75 percent of community banks (76.3 percent) reported an increase in 

deposit balances. Growth in deposit accounts less than $250,000 accounted for most of the 

deposit growth (up $35.0 billion, or 3.1 percent). Growth in domestic deposit balances was 

largely in interest-bearing deposits (up $37.2 billion, or 2.2 percent), while noninterestbearing deposits increased $13.9 billion (2.2 percent). 

Noncurrent Loan Balances 

Continued to Decline 

Quarter Over Quarter 

Slightly more than half of community banks (55.0 percent) reported quarter-over-quarter 

reductions in the balance of loans and leases 90 days or more past due or in nonaccrual 

status (noncurrent loan balances). Noncurrent loan balances declined $445.4 million 

(4.6 percent) to $9.2 billion from fourth quarter 2021. The quarterly decline in noncurrent 

loan balances was mainly attributable to a $190.1 million (7.2 percent) decrease in 1–4 family 

residential real estate noncurrent balances and a $137.5 million (4.9 percent) decrease in 

nonfarm nonresidential CRE noncurrent balances. The noncurrent rate for total loans and 

leases dropped 4 basis points from fourth quarter 2021 to 0.54 percent, the lowest noncurrent 

rate on record for community banks since data collection began in first quarter 1984. 

Net Charge-Offs Declined 

From One Year Ago 

Net charge-offs declined in most major loan categories from one year ago and in aggregate 

declined $72.2 million (36.8 percent) to $124.3 million. The largest contributors to the yearover-year decrease in net charge-offs were the C&I portfolio ($61.6 million, or 95.2 percent), 

the 1–4 family residential real estate portfolio ($15.1 million, or 331.4 percent), and the 

nonfarm nonresidential CRE portfolio ($14.6 million, or 61.7 percent). The net charge-off rate 

for community banks declined 2 basis points from the year-ago quarter to 0.03 percent, the 

lowest rate reported for community banks since data collection began in first quarter 1984. 

Some Capital Ratios 

Declined as Growth in 

Assets Outpaced Capital 

Formation 

A decline in accumulated other comprehensive income resulting from the effect of rising 

market interest rates on the value of available-for-sale securities drove a reduction in 

equity capital of $17.3 billion (6.1 percent) to $267.4 billion in first quarter. The leverage 

capital ratio declined 2 basis points to 10.14 percent in first quarter 2022, as growth 

in average assets outpaced tier 1 capital formation. The tier 1 risk-based capital ratio 

among community banks that did not file the community bank leverage ratio (CBLR) was 

14.19 percent, down 17 basis points from the prior quarter, as growth in risk-weighted 

assets outpaced tier 1 capital formation. The average CBLR for the 1,650 banks that elected 

to use the CBLR framework was 11.3 percent, nearly unchanged from fourth quarter 2021. 

Two New Community The number of community banks declined to 4,353, down 38 from the previous quarter. 

Banks Opened and No Seven banks transitioned from community to noncommunity banks, two banks 

transitioned from noncommunity to community banks, one community bank ceased Community Banks Failed operations, two new community banks started reporting, and 34 community banks merged in First Quarter 2022 during the quarter. 

Author: 

James K. Presley-Nelson 

Senior Financial Analyst 

Division of Insurance and Research 

FDIC QUARTERLY 17
2022 • Volume 16 • Number 2

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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

2022* 2021* 

Return on assets (%) 

Return on equity (%) 

Core capital (leverage) ratio (%) 

Noncurrent assets plus other real estate owned to assets (%) 

Net charge-offs to loans (%) 

Asset growth rate (%) 

Net interest margin (%) 

Net operating income growth (%) 

Number of institutions reporting 

Percentage of unprofitable institutions (%) 

1.03 

10.11 

10.14 

0.38 

0.03 

3.66 

3.11 

-12.67 

4,353 

5.77 

1.30 

12.16 

10.27 

0.55 

0.05 

17.4 4 

3.26 

63.32 

4,528 

4.00 

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

2021 2020 2019 2018 2017 

1.25 1.09 1.19 1.19 0.96 

11.61 9.73 10.24 10.57 8.65 

10.16 10.32 11.15 11.09 10.80 

0.40 0.60 0.65 0.70 0.78 

0.06 0.12 0.13 0.13 0.16 

8.70 14.05 -1.26 2.20 1.12 

3.27 3.39 3.66 3.72 3.62 

28.40 0.04 -4.14 27.90 0.19 

4,391 4,557 4,748 4,979 5,227 

3.23 4.52 3.96 3.64 5.72 

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

(dollar figures in millions) 

Number of institutions reporting

Total employees (full-time equivalent) 

1st Quarter 

2022

 4th Quarter 

2021 

1st Quarter 

2021 

%Change 

21Q1-22Q1 

 4,353 

381,895 

 4,391

386,208 

 4,528 

390,286 

-3.9 

-2.1 

CONDITION DATA 

Total assets 

Loans secured by real estate 

1-4 Family residential mortgages 

Nonfarm nonresidential 

Construction and development 

Home equity lines 

Commercial & industrial loans 

Loans to individuals 

Credit cards 

Farm loans 

Other loans & leases 

Less: Unearned income 

Total loans & leases 

Less: Reserve for losses* 

Net loans and leases 

Securities** 

Other real estate owned 

Goodwill and other intangibles 

All other assets 

$2,733,286 

1,297,145 

387,491 

535,524 

132,765 

40,099 

234,751 

67,737 

2,202 

42,377 

46,598 

700 

1,687,908 

21,688 

1,666,220 

622,850 

1,060 

19,076 

424,079 

$2,757,239 

1,293,029 

385,637 

534,742 

129,969 

40,347 

247,916 

65,881 

2,159 

47,201 

50,673 

830 

1,703,870 

22,052 

1,681,818 

604,556 

1,165 

20,873 

448,828 

$2,636,661 

1,222,563 

381,088 

499,383 

115,970 

40,861 

335,041 

64,511 

1,880 

44,694 

47,794 

1,354 

1,713,249 

22,607 

1,690,642 

486,621 

1,709 

17,980 

439,709 

3.7 

6.1 

1.7 

7.2 

14.5 

-1.9 

-29.9 

5.0 

17.1 

-5.2 

-2.5 

-48.3 

-1.5 

-4.1 

-1.4 

28.0 

-38.0 

6.1 

-3.6 

Total liabilities and capital 

Deposits 

Domestic office deposits 

Foreign office deposits 

Brokered deposits 

Estimated insured deposits 

Other borrowed funds 

Subordinated debt 

All other liabilities 

Total equity capital (includes minority interests) 

Bank equity capital 

2,733,286 

2,370,296 

2,367,484 

2,812 

50,866 

1,579,984 

73,143 

283 

21,993 

267,568 

267,437 

2,757,239 

2,362,986 

2,360,581 

2,405 

49,784 

1,569,211 

78,889 

272 

22,314 

292,777 

292,648 

2,636,661 

2,231,076 

2,228,779 

2,298 

56,462 

1,542,176 

104,654 

343 

23,918 

276,669 

276,544 

3.7 

6.2 

6.2 

22.4 

-9.9 

2.5 

-30.1 

-17.5 

-8.0 

-3.3 

-3.3 

Loans and leases 30-89 days past due 

Noncurrent loans and leases 

Restructured loans and leases 

Mortgage-backed securities 

Earning assets 

FHLB Advances 

Unused loan commitments 

Trust assets 

Assets securitized and sold 

Notional amount of derivatives 

6,102 

9,163 

4,368 

272,608 

2,563,620 

48,866 

417,981 

324,336 

24,756 

125,110 

5,612 

9,839 

4,692 

268,860 

2,592,279 

53,705 

397,925 

402,002 

24,368 

126,593 

6,691 

12,623 

5,285 

222,770 

2,474,380 

63,432 

369,450 

300,606 

23,152 

162,109 

-8.8 

-27.4 

-17.3 

22.4 

3.6 

-23.0 

13.1 

7.9 

6.9 

-22.8 

INCOME DATA 

Total interest income 

Total interest expense 

Net interest income 

Provision for credit losses*** 

Total noninterest income 

Total noninterest expense 

Securities gains (losses) 

Applicable income taxes 

Extraordinary gains, net**** 

Total net income (includes minority interests) 

Bank net income 

Net charge-offs 

Cash dividends 

Retained earnings 

Net operating income 

Full Year Full Year 1st Quarter 1st Quarter %Change 

2021 2020 %Change 2022 2021 21Q1-22Q1 

$88,059 $88,372 -0.4 $21,412 $21,975 -2.6 

7,636 13,390 -43.0 1,551 2,254 -31.2 

80,423 74,982 7.3 19,861 19,720 0.7 

1,088 7,026 -84.5 288 393 -26.7 

24,624 24,180 1.8 5,267 6,523 -19.3 

64,943 62,314 4.2 16,243 16,014 1.4 

855 1,086 -21.2 -99 343 -128.9 

7,182 5,073 41.6 1,519 1,802 -15.7 

30 1 N/M 0 0 N/M 

32,719 25,836 26.6 6,978 8,378 -16.7 

32,685 25,782 26.8 6,974 8,365 -16.6 

1,088 2,014 -46.0 124 193 -35.6 

13,856 12,022 15.3 2,969 3,083 -3.7 

18,829 13,760 36.8 4,005 5,282 -24.2 

31,975 24,903 28.4 7,064 8,088 -12.7 

* For institutions that have adopted ASU 2016-13, this item represents the allowance for credit losses on loans and leases held for investment and allocated transfer risk. 

** For institutions that have adopted ASU 2016-13, securities are reported net of allowances for credit losses. 

*** For institutions that have adopted ASU 2016-13, this item represents provisions for credit losses on a consolidated basis; for institutions that have not adopted ASU 2016-13, 

this item represents the provision for loan and lease losses. 

**** See Notes to Users for explanation. N/M - Not Meaningful 

18 FDIC QUARTERLY 
QUARTERLY BANKING PROFILE

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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

Prior Periods Adjusted for Mergers 

(dollar figures in millions) 

Number of institutions reporting

Total employees (full-time equivalent)

1st Quarter 

2022 

4th Quarter 

2021 

1st Quarter 

2021 

%Change 

21Q1-22Q1 

 4,353 

 381,895 

 4,351 

 381,169 

 4,344 

 378,824 

0.2 

0.8 

CONDITION DATA 

Total assets 

Loans secured by real estate 

1-4 Family residential mortgages 

Nonfarm nonresidential 

Construction and development 

Home equity lines 

Commercial & industrial loans 

Loans to individuals 

Credit cards 

Farm loans 

Other loans & leases 

Less: Unearned income 

Total loans & leases 

Less: Reserve for losses* 

Net loans and leases 

Securities** 

Other real estate owned 

Goodwill and other intangibles 

All other assets 

$2,733,286 

1,297,145 

387,491 

535,524 

132,765 

40,099 

234,751 

67,737 

2,202 

42,377 

46,598 

700 

1,687,908 

21,688 

1,666,220 

622,850 

1,060 

19,076 

424,079 

$2,703,487 

1,266,458 

381,533 

521,297 

127,612 

39,604 

240,411 

65,377 

2,134 

47,012 

47,922 

819 

1,666,361 

21,574 

1,644,787 

596,105 

1,155 

18,654 

442,786 

$2,546,912 

1,182,290 

371,898 

479,594 

111,560 

38,996 

321,638 

60,270 

1,852 

44,020 

45,951 

1,315 

1,652,854 

21,868 

1,630,986 

471,519 

1,664 

17,345 

425,398 

7.3 

9.7 

4.2 

11.7 

19.0 

2.8 

-27.0 

12.4 

18.9 

-3.7 

1.4 

-46.8 

2.1 

-0.8 

2.2 

32.1 

-36.3 

10.0 

-0.3 

Total liabilities and capital 

Deposits 

Domestic office deposits 

Foreign office deposits 

Brokered deposits 

Estimated insured deposits 

Other borrowed funds 

Subordinated debt 

All other liabilities 

Total equity capital (includes minority interests) 

Bank equity capital 

2,733,286 

2,370,296 

2,367,484 

2,812 

50,866 

1,579,984 

73,143 

283 

21,993 

267,568 

267,437 

2,703,487 

2,319,068 

2,316,411 

2,657 

52,393 

1,545,229 

77,283 

272 

21,957 

284,907 

284,777 

2,546,912 

2,154,049 

2,151,388 

2,661 

56,585 

1,495,665 

100,961 

333 

23,317 

268,252 

268,127 

7.3 

10.0 

10.0 

5.7 

-10.1 

5.6 

-27.6 

-15.0 

-5.7 

-0.3 

-0.3 

Loans and leases 30-89 days past due 

Noncurrent loans and leases 

Restructured loans and leases 

Mortgage-backed securities 

Earning assets 

FHLB Advances 

Unused loan commitments 

Trust assets 

Assets securitized and sold 

Notional amount of derivatives 

6,102 

9,163 

4,368 

272,608 

2,563,620 

48,866 

417,981 

324,336 

24,756 

125,110 

5,497 

9,609 

4,631 

265,949 

2,543,725 

52,759 

390,058 

391,378 

23,945 

122,286 

6,563 

12,460 

5,160 

214,147 

2,389,896 

61,616 

350,363 

289,502 

22,604 

158,316 

-7.0 

-26.5 

-15.3 

27.3 

7.3 

-20.7 

19.3 

12.0 

9.5 

-21.0 

INCOME DATA 

Total interest income 

Total interest expense 

Net interest income 

Provision for credit losses*** 

Total noninterest income 

Total noninterest expense 

Securities gains (losses) 

Applicable income taxes 

Extraordinary gains, net**** 

Total net income (includes minority interests) 

Bank net income 

Net charge-offs 

Cash dividends 

Retained earnings 

Net operating income 

Full Year Full Year 1st Quarter 1st Quarter %Change 

2021 2020 %Change 2022 2021 21Q1-22Q1 

$86,173 $85,190 1.2 $21,412 $21,250 0.8 

7,561 12,918 -41.5 1,551 2,182 -28.9 

78,612 72,272 8.8 19,861 19,068 4.2 

1,139 6,704 -83.0 288 418 -31.0 

24,364 23,512 3.6 5,267 6,410 -17.8 

63,852 60,217 6.0 16,243 15,540 4.5 

863 1,064 -18.9 -99 351 -128.2 

6,973 4,906 42.1 1,519 1,750 -13.2 

30 1 N/M 0 0 N/M 

31,905 25,022 27.5 6,978 8,121 -14.1 

31,870 24,968 27.6 6,974 8,108 -14.0 

1,029 1,956 -47.4 124 197 -36.8 

13,667 11,741 16.4 2,969 3,043 -2.4 

18,203 13,227 37.6 4,005 5,066 -20.9 

31,155 24,108 29.2 7,064 7,826 -9.7 

* For institutions that have adopted ASU 2016-13, this item represents the allowance for credit losses on loans and leases held for investment and allocated transfer risk. 

** For institutions that have adopted ASU 2016-13, securities are reported net of allowances for credit losses. 

*** For institutions that have adopted ASU 2016-13, this item represents provisions for credit losses on a consolidated basis; for institutions that have not adopted ASU 2016-13, 

this item represents the provision for loan and lease losses. 

**** See Notes to Users for explanation. N/M - Not Meaningful 

FDIC QUARTERLY 19
2022 • Volume 16 • Number 2

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

TABLE III-B. Aggregate Condition and Income Data by Geographic Region, FDIC-Insured Community Banks 

First Quarter 2022 

(dollar figures in millions) 

Number of institutions reporting 

Total employees (full-time equivalent) 

All Community Banks 

Geographic Regions* 

New York Atlanta Chicago Kansas City Dallas San Francisco 

4,353 

381,895 

482 

77,571 

492 

40,637 

956 1,182 

77,706 70,686 

979 

82,443 

262 

32,852 

CONDITION DATA 

Total assets 

Loans secured by real estate 

1-4 Family residential mortgages 

Nonfarm nonresidential 

Construction and development 

Home equity lines 

Commercial & industrial loans 

Loans to individuals 

Credit cards 

Farm loans 

Other loans & leases 

Less: Unearned income 

Total loans & leases 

Less: Reserve for losses** 

Net loans and leases 

Securities*** 

Other real estate owned 

Goodwill and other intangibles 

All other assets 

$2,733,286 

1,297,145 

387,491 

535,524 

132,765 

40,099 

234,751 

67,737 

2,202 

42,377 

46,598 

700 

1,687,908 

21,688 

1,666,220 

622,850 

1,060 

19,076 

424,079 

$672,755 

370,886 

134,359 

141,638 

26,296 

11,207 

53,844 

16,920 

377 

529 

13,190 

123 

455,245 

5,030 

450,216 

130,779 

180 

5,169 

86,411 

$291,434 

136,245 

37,730 

65,278 

16,657 

5,366 

23,145 

6,553 

103 

1,187 

2,917 

127 

169,920 

2,132 

167,788 

65,596 

160 

1,128 

56,762 

$486,563 $474,937 

221,240 208,466 

63,382 56,847 

89,403 74,613 

19,247 21,884 

8,749 4,678 

45,334 44,380 

12,141 12,170 

170 880 

6,959 24,056 

10,275 6,932 

64 89 

295,884 295,916 

3,884 4,215 

292,000 291,701 

117,975 111,530 

216 219 

3,789 3,053 

72,583 68,433 

$533,465 

234,435 

67,538 

100,986 

37,421 

4,692 

46,522 

13,264 

223 

7,323 

8,547 

172 

309,919 

4,135 

305,784 

130,937 

234 

3,636 

92,874 

$274,132 

125,873 

27,634 

63,607 

11,260 

5,407 

21,526 

6,689 

449 

2,323 

4,738 

124 

161,024 

2,293 

158,732 

66,032 

51 

2,301 

47,015 

Total liabilities and capital 

Deposits 

Domestic office deposits 

Foreign office deposits 

Brokered deposits 

Estimated insured deposits 

Other borrowed funds 

Subordinated debt 

All other liabilities 

Total equity capital (includes minority interests) 

Bank equity capital 

2,733,286 

2,370,296 

2,367,484 

2,812 

50,866 

1,579,984 

73,143 

283 

21,993 

267,568 

267,437 

672,755 

574,945 

573,938 

1,007 

21,191 

384,699 

19,412 

190 

8,123 

70,083 

70,054 

291,434 

256,891 

256,885 

6 

2,906 

164,223 

5,636 

6 

1,931 

26,970 

26,969 

486,563 474,937 

419,144 412,827 

419,144 412,827 

0 0 

6,936 8,874 

299,673 297,295 

16,562 14,146 

16 6 

3,259 2,753 

47,582 45,202 

47,490 45,201 

533,465 

468,025 

468,025 

0 

7,776 

299,490 

11,252 

40 

3,142 

51,008 

51,001 

274,132 

238,464 

236,665 

1,799 

3,183 

134,604 

6,134 

25 

2,785 

26,723 

26,722 

Loans and leases 30-89 days past due 

Noncurrent loans and leases 

Restructured loans and leases 

Mortgage-backed securities 

Earning assets 

FHLB Advances 

Unused loan commitments 

Trust assets 

Assets securitized and sold 

Notional amount of derivatives 

6,102 

9,163 

4,368 

272,608 

2,563,620 

48,866 

417,981 

324,336 

24,756 

125,110 

1,432 

2,866 

1,577 

70,060 

631,995 

13,484 

99,788 

66,556 

10,742 

51,841 

593 

731 

315 

29,849 

273,156 

4,309 

37,559 

11,800 

107 

10,758 

1,014 1,053 

1,569 1,425 

911 742 

44,740 39,673 

455,412 446,678 

11,407 9,289 

74,989 83,547 

61,616 123,136 

4,188 4,422 

18,194 22,759 

1,556 

1,892 

494 

51,470 

499,325 

7,479 

77,078 

39,172 

4,840 

13,150 

454 

680 

330 

36,815 

257,053 

2,899 

45,019 

22,056 

458 

8,409 

INCOME DATA 

Total interest income 

Total interest expense 

Net interest income 

Provision for credit losses  

Total noninterest income 

Total noninterest expense 

Securities gains (losses) 

Applicable income taxes 

Extraordinary gains, net** *** 

Total net income (includes minority interests) 

Bank net income 

Net charge-offs 

Cash dividends 

Retained earnings 

Net operating income 

$21,412 

1,551 

19,861 

288 

5,267 

16,243 

-99 

1,519 

0 

6,978 

6,974 

124 

2,969 

4,005 

7,064 

$5,265 

405 

4,860 

61 

1,014 

3,893 

-74 

423 

0 

1,422 

1,420 

53 

510 

910 

1,486 

$2,239 

146 

2,094 

24 

504 

1,762 

-13 

151 

0 

647 

648 

11 

268 

380 

659 

$3,710 $3,746 

278 318 

3,433 3,428 

47 53 

1,250 963 

2,954 2,821 

-3 -1 

303 211 

0 0 

1,375 1,305 

1,374 1,305 

10 22 

729 655 

646 650 

1,378 1,306 

$4,352 

304 

4,048 

106 

1,061 

3,215 

-5 

213 

0 

1,570 

1,569 

43 

545 

1,024 

1,574 

$2,100 

102 

1,998 

-4 

475 

1,597 

-3 

219 

0 

659 

659 

-15 

263 

396 

661 

* See Table V-A for explanation. 

** For institutions that have adopted ASU 2016-13, this item represents the allowance for credit losses on loans and leases held for investment and allocated transfer risk. 

*** For institutions that have adopted ASU 2016-13, securities are reported net of allowances for credit losses. 

  For institutions that have adopted ASU 2016-13, this item represents provisions for credit losses on a consolidated basis; for institutions that have not adopted ASU 2016-13, 

this item represents the provision for loan and lease losses. 

** *** See Notes to Users for explanation. 

20 FDIC QUARTERLY 
QUARTERLY BANKING PROFILE

 

 

 

Table IV-B. First Quarter 2022, FDIC-Insured Community Banks 

Performance ratios (annualized, %) 

Yield on earning assets 

Cost of funding earning assets 

Net interest margin 

Noninterest income to assets 

Noninterest expense to assets 

Loan and lease loss provision to assets 

Net operating income to assets 

Pretax return on assets 

Return on assets 

Return on equity 

Net charge-offs to loans and leases 

Loan and lease loss provision to net charge-offs 

Efficiency ratio 

Net interest income to operating revenue 

% of unprofitable institutions 

% of institutions with earnings gains 

All Community Banks First Quarter 2022, Geographic Regions*

 1st Quarter 4th Quarter 

2022 2021 New York Atlanta Chicago Kansas City Dallas San Francisco 

3.36 3.48 

0.24 0.26 

3.11 3.21 

0.78 0.90 

2.39 2.51 

0.04 0.05 

1.04 1.11 

1.25 1.39 

1.03 1.14 

10.11 10.68 

0.03 0.09 

231.97 88.34 

64.26 63.72 

79.04 77.09 

5.77 8.59 

36.96 51.47 

3.34 

0.26 

3.09 

0.61 

2.33 

0.04 

0.89 

1.10 

0.85 

7.96 

0.05 

114.60 

65.98 

82.74 

8.30 

44.19 

3.31 3.26 3.37 

0.22 0.24 0.29 

3.10 3.01 3.09 

0.70 1.03 0.82 

2.45 2.43 2.39 

0.03 0.04 0.05 

0.91 1.13 1.11 

1.11 1.38 1.29 

0.90 1.13 1.11 

9.30 11.12 11.10 

0.03 0.01 0.03 

225.03 457.30 244.25 

67.31 62.64 63.77 

80.60 73.31 78.06 

7.11 5.44 4.99 

46.54 33.79 26.14 

3.52 

0.25 

3.27 

0.80 

2.44 

0.08 

1.19 

1.35 

1.19 

11.90 

0.06 

245.86 

62.62 

79.23 

4.60 

44.23 

3.27 

0.16 

3.11 

0.70 

2.34 

-0.01 

0.97 

1.28 

0.96 

9.58 

-0.04 

25.52 

64.32 

80.78 

7.63 

38.93 

Table V-B. Full Year 2021, FDIC-Insured Community Banks 

Performance ratios (%) 

Yield on earning assets 

Cost of funding earning assets 

Net interest margin 

Noninterest income to assets 

Noninterest expense to assets 

Loan and lease loss provision to assets 

Net operating income to assets 

Pretax return on assets 

Return on assets 

Return on equity 

Net charge-offs to loans and leases 

Loan and lease loss provision to net charge-offs 

Efficiency ratio 

Net interest income to operating revenue 

% of unprofitable institutions 

% of institutions with earnings gains 

All Community Banks Full Year 2021, Geographic Regions* 

Full Year Full Year 

2021 2020 New York Atlanta Chicago Kansas City Dallas San Francisco 

3.58 4.00 

0.31 0.61 

3.27 3.39 

0.94 1.02 

2.48 2.63 

0.04 0.30 

1.22 1.05 

1.52 1.30 

1.25 1.09 

11.61 9.73 

0.06 0.12 

100.03 348.90 

61.45 62.32 

76.56 75.62 

3.23 4.52 

74.83 53.90 

3.49 

0.33 

3.15 

0.77 

2.31 

0.00 

1.08 

1.50 

1.14 

10.25 

0.09 

1.21 

61.49 

79.32 

4.52 

82.14 

3.53 3.48 3.70 

0.28 0.31 0.36 

3.25 3.17 3.34 

0.86 1.30 0.97 

2.54 2.59 2.51 

0.04 0.05 0.07 

1.09 1.35 1.31 

1.34 1.66 1.54 

1.10 1.36 1.33 

10.66 12.70 12.55 

0.05 0.04 0.06 

152.88 162.23 186.65 

64.58 60.17 60.80 

78.01 69.52 76.46 

6.02 3.43 1.68 

77.71 68.95 72.61 

3.79 

0.31 

3.47 

0.92 

2.58 

0.08 

1.33 

1.54 

1.35 

12.63 

0.08 

167.97 

61.45 

77.86 

2.84 

77.48 

3.48 

0.20 

3.28 

0.78 

2.40 

0.01 

1.12 

1.46 

1.12 

10.66 

0.04 

49.73 

61.79 

79.72 

3.37 

77.53 

* See Table V-A for explanation. 

FDIC QUARTERLY 21
2022 • Volume 16 • Number 2

 

 

 

 

 

 

 

 

 

 

 

 

 

Table VI-B. Loan Performance, FDIC-Insured Community Banks 

March 31, 2022 

Percent of Loans 30-89 Days Past Due 

All loans secured by real estate 

Construction and development 

Nonfarm nonresidential 

Multifamily residential real estate 

Home equity loans 

Other 1-4 family residential 

Commercial and industrial loans 

Loans to individuals 

Credit card loans 

Other loans to individuals 

All other loans and leases (including farm) 

Total loans and leases 

All Community Banks 

Geographic Regions* 

New York Atlanta Chicago Kansas City Dallas San Francisco 

0.30 

0.28 

0.18 

0.15 

0.28 

0.50 

0.46 

1.19 

2.32 

1.15 

0.35 

0.36 

0.24 

0.26 

0.16 

0.15 

0.26 

0.36 

0.56 

1.24 

1.72 

1.23 

0.11 

0.31 

0.30 

0.25 

0.14 

0.09 

0.42 

0.61 

0.49 

0.87 

0.93 

0.87 

0.40 

0.35 

0.34 0.30 

0.25 0.25 

0.23 0.20 

0.17 0.06 

0.28 0.24 

0.60 0.49 

0.36 0.38 

0.53 0.91 

0.65 3.89 

0.53 0.68 

0.19 0.47 

0.34 0.36 

0.42 

0.33 

0.23 

0.28 

0.39 

0.70 

0.45 

2.27 

0.99 

2.30 

0.45 

0.50 

0.19 

0.35 

0.11 

0.14 

0.15 

0.31 

0.58 

0.90 

1.39 

0.87 

0.44 

0.28 

Percent of Loans Noncurrent 

All loans secured by real estate 

Construction and development 

Nonfarm nonresidential 

Multifamily residential real estate 

Home equity loans 

Other 1-4 family residential 

Commercial and industrial loans 

Loans to individuals 

Credit card loans 

Other loans to individuals 

All other loans and leases (including farm) 

Total loans and leases 

0.52 

0.33 

0.50 

0.25 

0.43 

0.63 

0.70 

0.51 

1.06 

0.50 

0.47 

0.54 

0.62 

0.50 

0.61 

0.38 

0.54 

0.73 

0.95 

0.36 

1.20 

0.34 

0.07 

0.63 

0.40 

0.19 

0.34 

0.17 

0.30 

0.58 

0.65 

0.31 

0.33 

0.31 

0.37 

0.43 

0.57 0.45 

0.42 0.30 

0.59 0.46 

0.19 0.10 

0.36 0.37 

0.67 0.39 

0.52 0.58 

0.22 0.36 

0.22 1.65 

0.22 0.26 

0.30 0.62 

0.53 0.48 

0.56 

0.21 

0.54 

0.13 

0.26 

0.74 

0.71 

1.33 

0.38 

1.34 

0.48 

0.61 

0.33 

0.38 

0.28 

0.15 

0.65 

0.35 

0.75 

0.31 

0.63 

0.28 

1.08 

0.42 

Percent of Loans Charged-Off (net, YTD) 

All loans secured by real estate 

Construction and development 

Nonfarm nonresidential 

Multifamily residential real estate 

Home equity loans 

Other 1-4 family residential 

Commercial and industrial loans 

Loans to individuals 

Credit card loans 

Other loans to individuals 

All other loans and leases (including farm) 

Total loans and leases 

0.00 

0.02 

0.01 

0.00 

-0.02 

-0.01 

0.01 

0.65 

4.77 

0.51 

0.05 

0.03 

0.01 

0.14 

0.02 

0.00 

-0.04 

-0.01 

0.09 

0.70 

2.70 

0.65 

0.00 

0.05 

-0.01 

-0.02 

-0.01 

-0.01 

-0.03 

-0.03 

0.08 

0.66 

0.50 

0.66 

0.06 

0.03 

0.00 -0.01 

-0.02 -0.01 

0.02 -0.01 

-0.02 0.03 

-0.03 -0.02 

-0.01 -0.01 

0.04 -0.02 

0.17 0.83 

0.89 9.67 

0.16 0.14 

0.03 0.02 

0.01 0.03 

0.00 

0.01 

0.01 

0.00 

0.02 

-0.01 

0.14 

0.64 

1.20 

0.63 

0.12 

0.06 

-0.01 

-0.02 

0.00 

-0.01 

-0.01 

-0.01 

-0.58 

1.07 

1.17 

1.06 

0.12 

-0.04 

Loans Outstanding (in billions) 

All loans secured by real estate 

Construction and development 

Nonfarm nonresidential 

Multifamily residential real estate 

Home equity loans 

Other 1-4 family residential 

Commercial and industrial loans 

Loans to individuals 

Credit card loans 

Other loans to individuals 

All other loans and leases (including farm) 

Total loans and leases 

$1,297.1 

132.8 

535.5 

122.6 

40.1 

387.5 

234.8 

67.7 

2.2 

65.5 

89.0 

1,688.6 

$370.9 

26.3 

141.6 

55.0 

11.2 

134.4 

53.8 

16.9 

0.4 

16.5 

13.7 

455.4 

$136.2 

16.7 

65.3 

6.8 

5.4 

37.7 

23.1 

6.6 

0.1 

6.5 

4.1 

170.0 

$221.2 $208.5 

19.2 21.9 

89.4 74.6 

22.8 14.7 

8.7 4.7 

63.4 56.8 

45.3 44.4 

12.1 12.2 

0.2 0.9 

12.0 11.3 

17.2 31.0 

295.9 296.0 

$234.4 

37.4 

101.0 

9.2 

4.7 

67.5 

46.5 

13.3 

0.2 

13.0 

15.9 

310.1 

$125.9 

11.3 

63.6 

14.1 

5.4 

27.6 

21.5 

6.7 

0.4 

6.2 

7.1 

161.1 

Memo: Unfunded Commitments (in millions) 

Total Unfunded Commitments 

Construction and development: 1-4 family residential 

Construction and development: CRE and other 

Commercial and industrial 

417,981 

41,422 

93,684 

123,344 

99,788 

7,133 

25,911 

29,527 

37,559 

6,265 

9,345 

9,608 

74,989 83,547 

4,553 6,435 

15,468 14,240 

26,332 22,870 

77,078 

13,663 

20,700 

21,172 

45,019 

3,374 

8,020 

13,835 

* See Table V-A for explanation. 

Note: 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. 

22 FDIC QUARTERLY 
QUARTERLY BANKING PROFILE

 

INSURANCE FUND INDICATORS 

Deposit Insurance Fund Decreases by $0.1 Billion 

Insured Deposits Grow by 2.5 Percent 

DIF Reserve Ratio Falls to 1.23 Percent 

During the first quarter, the Deposit Insurance Fund (DIF) balance decreased by $0.1 billion 

to $123.0 billion, the first decline in over a decade. Assessment income of $1.9 billion was 

the largest source of income. Interest earned on investments of $191 million and other 

miscellaneous income of $8 million also added to the fund balance. However, this was more 

than offset by unrealized losses on available-for-sale securities of $1.7 billion—driven 

by the rising rate environment—operating expenses of $453 million, and provisions for 

insurance losses of $100 million. No insured institutions failed in the first quarter. 

The deposit insurance assessment base—average consolidated total assets minus average 

tangible equity—rose by 1.3 percent in the first quarter and 8.5 percent over 12 months.1 , 2 

Total estimated insured deposits increased by 2.5 percent in the first quarter of 2022 and by 

4.9 percent year over year. The DIF’s reserve ratio (the fund balance as a percent of insured 

deposits) was 1.23 percent on March 31, 2022, 4 basis points lower than the previous quarter 

and 2 basis points lower than the previous year. The 12-month decline in the reserve ratio 

was largely the result of continued elevated insured deposit growth. Even without the 

unrealized losses, the reserve ratio would have declined by 2 basis points due to strong 

insured deposit growth in the most recent quarter. 

The Federal Deposit Insurance Act (the FDI Act) requires a minimum reserve ratio for 

the DIF of 1.35 percent. If the reserve ratio falls below 1.35 percent, the FDIC has eight 

years to return the reserve ratio to 1.35 percent. During the first half of 2020, due solely 

to extraordinary insured deposit growth, the reserve ratio dropped to 1.30 percent as of 

June 30, 2020. Because the reserve ratio fell below its statutory required minimum, the 

FDIC Board adopted a Fund Restoration Plan in September 2020 and has been providing 

semiannual updates to its analysis and projections.3 A key assumption surrounding the 

Fund Restoration Plan was that insured deposit growth would normalize and the surge 

of insured deposits associated with the pandemic would recede over time. However, one 

year after the most recent round of pandemic-related fiscal stimulus, the industry has 

continued to report strong insured deposit growth. Given continued significant growth 

in insured deposits, the FDIC will likely consider options to amend the Restoration 

Plan, including adjustments to assessment rates, to meet the statutory requirement by 

September 2028. 

Author: 

Charles James 

Financial Economist 

Division of Insurance and Research 

1 There are additional adjustments to the assessment base for banker’s banks and custodial banks. 

2 Figures for estimated insured deposits and the assessment base include insured branches of foreign banks, in addition 

to insured commercial banks and savings institutions. 

3 See https://www.fdic.gov/news/board-matters/2020/2020-09-15-notice-dis-a-fr.pdf. 

FDIC QUARTERLY 23
2022 • Volume 16 • Number 2

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Table I-C. Insurance Fund Balances and Selected Indicators 

(dollar figures in millions) 

Deposit Insurance Fund* 

1st 

Quarter 

2022 

4th 

Quarter 

2021 

3rd 

Quarter 

2021 

2nd 

Quarter 

2021 

1st 

Quarter 

2021 

4th 

Quarter 

2020 

3rd 

Quarter 

2020 

2nd 

Quarter 

2020 

1st 

Quarter 

2020 

4th 

Quarter 

2019 

3rd 

Quarter 

2019 

2nd 

Quarter 

2019 

1st 

Quarter 

2019 

Beginning Fund Balance $123,141 $121,935 $120,547 $119,362 $117,897 $116,434 $114,651 $113,206 $110,347 $108,940 $107,446 $104,870 $102,609 

Changes in Fund Balance: 

Assessments earned 

Interest earned on 

investment securities 

1,938 

191 

1,967 

197 

1,662 

221 

1,589 

251 

1,862 

284 

1,884 

330 

2,047 

392 

1,790 

454 

1,372 

507 

1,272 

531 

1,111 

544 

1,187 

535 

1,369 

507 

Realized gain on sale of 

investments 0 0 0 0 0 0 0 0 0 0 0 0 0 

Operating expenses 453 475 448 466 454 470 451 465 460 460 443 459 434 

Provision for insurance 

losses 100 8 -53 -42 -57 -48 -74 -47 12 -88 -192 -610 -396 

All other income, 

net of expenses 8 61 65 2 1 9 5 2 2 21 4 9 2 

Unrealized gain/(loss) on 

available-for-sale 

securities** -1,686 -536 -165 -233 -285 -338 -284 -383 1,450 -45 86 694 421 

Total fund balance change -102 1,206 1,388 1,185 1,465 1,463 1,783 1,445 2,859 1,407 1,494 2,576 2,261 

Ending Fund Balance 123,039 123,141 121,935 120,547 119,362 117,897 116,434 114,651 113,206 110,347 108,940 107,446 104,870 

Percent change from 

four quarters earlier 3.08 4.45 4.72 5.14 5.44 6.84 6.88 6.71 7.95 7.54 8.72 10.10 10.31 

Reserve Ratio (%) 1.23 1.27 1.27 1.27 1.25 1.29 1.30 ` 1.30 1.38 1.41 1.41 1.40 1.36 

Estimated Insured 

Deposits 9,974,866 9,733,465 9,580,694 9,488,750 9,513,397 9,122,828 8,924,313 8,839,109 8,181,190 7,824,835 7,744,445 7,695,179 7,699,035 

Percent change from 

four quarters earlier 4.85 6.69 7.35 7.35 16.28 16.59 15.24 14.87 6.26 4.01 4.95 4.62 4.95 

Domestic Deposits 18,426,338 18,236,887 17,676,691 17,203,234 16,980,316 16,339,026 15,716,702 15,563,637 14,351,881 13,262,843 13,020,253 12,788,773 12,725,363 

Percent change from 

four quarters earlier 8.52 11.62 12.47 10.53 18.31 23.19 20.71 21.70 12.78 4.77 5.27 4.14 3.41 

Assessment Base*** 20,831,026 20,573,016 20,018,966 19,673,245 19,197,837 18,792,900 18,453,702 18,153,255 16,484,340 16,157,322 15,905,145 15,684,001 15,561,782 

Percent change from 

four quarters earlier 8.51 9.47 8.48 8.37 16.46 16.31 16.02 15.74 5.93 4.56 4.44 3.77 3.27 

Number of Institutions 

Reporting 4,805 4,848 4,923 4,959 4,987 5,011 5,042 5,075 5,125 5,186 5,267 5,312 5,371 

DIF Reserve Ratios 

Percent of Insured Deposits 

Deposit Insurance Fund Balance 

and Insured Deposits 

($ Millions) 

DIF DIF-Insured 

Balance Deposits 

3/19 $104,870 $7,699,035 

6/19 107,446 7,695,179 

9/19 108,940 7,744,445 

12/19 110,347 7,824,835 

3/20 113,206 8,181,190 

6/20 114,651 8,839,109 

9/20 116,434 8,924,313 

12/20 117,897 9,122,828 

3/21 119,362 9,513,397 

6/21 120,547 9,488,750 

9/21 121,935 9,580,694 

12/21 123,141 9,733,465 

3/22 123,039 9,974,866 

1.40 1.41 1.41 1.38 1.36 

1.30 1.30 1.29 1.25 1.27 1.27 1.27 1.23 

3/19 6/19 9/19 12/19 3/20 6/20 9/20 12/20 3/21 6/21 9/21 12/21 3/22 

Table II-C. Problem Institutions and Failed Institutions 

(dollar figures in millions) 2022  2021** ** 2021 2020 2019 2018 2017 2016 

Problem Institutions 

Number of institutions 40 55 44 56 51 60 95 123 

Total assets***** $173,078 $54,182 $170,172 $55,830 $46,190 $48,481 $13,939 $27,624 

Failed Institutions 

Number of institutions 0 0 0 4 4 0 8 5 

Total assets****** $0 $0 $0 $455 $209 $0 $5,082 $277 

* Quarterly financial statement results are unaudited. 

** Includes unrealized postretirement benefit gain (loss). 

*** Average consolidated total assets minus tangible equity, with adjustments for banker’s banks and custodial banks. 

  Through March 31. 

** *** Assets shown are what were on record as of the last day of the quarter. 

****** Total assets are based on final Call Reports submitted by failed institutions. 

24 FDIC QUARTERLY 
QUARTERLY BANKING PROFILE

 

 

 

 

 

 

 

 

 

Table III-C. Estimated FDIC-Insured Deposits by Type of Institution 

(dollar figures in millions) 

March 31, 2022 

Number of 

Institutions 

Total 

Assets 

Domestic 

Deposits* 

Est. Insured 

Deposits 

Commercial Banks and Savings Institutions 

FDIC-Insured Commercial Banks 

FDIC-Supervised 

OCC-Supervised 

Federal Reserve-Supervised 

FDIC-Insured Savings Institutions 

OCC-Supervised 

FDIC-Supervised 

Federal Reserve-Supervised 

4,194 

2,796 

735 

663 

602 

262 

304 

36 

$22,515,226 

4,018,665 

14,923,434 

3,573,126 

1,458,114 

545,207 

403,024 

509,883 

$17,128,810 

3,402,683 

11,043,400 

2,682,727 

1,252,356 

443,471 

327,463 

481,422 

$8,997,893 

1,992,612 

5,778,098 

1,227,183 

939,784 

358,855 

240,808 

340,120 

Total Commercial Banks and Savings Institutions 4,796 23,973,339 18,381,166 9,937,677 

Other FDIC-Insured Institutions 

U.S. Branches of Foreign Banks 9 92,669 45,173 37,189 

Total FDIC-Insured Institutions 4,805 24,066,008 18,426,338 9,974,866 

* Excludes $1.5 trillion in foreign office deposits, which are not FDIC insured. 

Table IV-C. Distribution of Institutions and Assessment Base by Assessment Rate Range

Quarter Ending December 31, 2021 (dollar figures in billions) 

Number of Percent of Total Amount of Percent of Total 

Annual Rate in Basis Points* Institutions Institutions Assessment Base Assessment Base 

1.50 - 3.00 2,888 59.6 $7,834.6 38.08 

3.01 - 6.00 1,411 29.1 12,048.8 58.57 

6.01 - 10.00 468 9.7 638.7 3.10 

10.01 - 15.00 35 0.7 37.3 0.18 

15.01 - 20.00 46 1.0 13.5 0.07

 20.01 - 25.00 0 0.0 0.0 0.00 

>25.00 0 0.0 0.0 0.00 

* Beginning in the second quarter of 2011, the assessment base was changed to average consolidated total assets minus tangible equity, as required by the Dodd-Frank Act. 

FDIC QUARTERLY 25
2022 • Volume 16 • Number 2

 

 

 

 

 

 

 

Notes to Users 

This publication contains financial data and other information for 

depository institutions insured by the Federal Deposit Insurance 

Corporation (FDIC). These notes are an integral part of this 

publication and provide information regarding the comparability of 

source data and reporting differences over time. 

Tables I-A through VIII-A. 

The information presented in Tables I-A through VIII-A of the 

FDIC Quarterly Banking Profile is aggregated for all FDIC-insured Call 

Report filers, both commercial banks and savings institutions. Some 

tables are arrayed by groups of FDIC-insured institutions based 

on predominant types of asset concentration, while other tables 

aggregate institutions by asset size and geographic region. Quarterly 

and full-year data are provided for selected indicators, including 

aggregate condition and income data, performance ratios, condition 

ratios, and structural changes, as well as past due, noncurrent, and 

charge-off information for loans outstanding and other assets. 

Tables I-B through VI-B. 

The information presented in Tables I-B through VI-B is 

aggregated for all FDIC-insured commercial banks and savings 

institutions meeting the criteria for community banks that were 

developed for the FDIC’s Community Banking Study, published 

in December, 2012: https://www.fdic.gov/resources/communitybanking/cbi-study.html. 

The determination of which insured institutions are considered 

community banks is based on five steps. 

The first step in defining a community bank is to aggregate all 

charter-level data reported under each holding company into a 

single banking organization. This aggregation applies both to 

balance-sheet measures and the number and location of banking 

offices. Under the FDIC definition, if the banking organization is 

designated as a community bank, every charter reporting under 

that organization is also considered a community bank when 

working with data at the charter level. 

The second step is to exclude any banking organization where more 

than 50 percent of total assets are held in certain specialty banking 

charters, including: credit card specialists, consumer nonbank banks, 

industrial loan companies, trust companies, bankers’ banks, and banks 

holding 10 percent or more of total assets in foreign offices. 

Once the specialty organizations are removed, the third step 

involves including organizations that engage in basic banking 

activities as measured by the total loans-to-assets ratio (greater 

than 33 percent) and the ratio of core deposits to assets (greater 

than 50 percent). Core deposits are defined as non-brokered 

deposits in domestic offices. Analysis of the underlying data shows 

that these thresholds establish meaningful levels of basic lending 

and deposit gathering and still allow for a degree of diversity in how 

individual banks construct their balance sheets. 

The fourth step includes organizations that operate within a 

limited geographic scope. This limitation of scope is used as a 

proxy measure for a bank’s relationship approach to banking. 

Banks that operate within a limited market area have more ease in 

managing relationships at a personal level. Under this step, four 

criteria are applied to each banking organization. They include 

both a minimum and maximum number of total banking offices, a 

maximum level of deposits for any one office, and location-based 

criteria. The limits on the number of and deposits per office are 

adjusted upward quarterly. For banking offices, banks must have 

more than one office, and the maximum number of offices is 40 in 

1985 and reached 87 in 2016. The maximum level of deposits for 

any one office is $1.25 billion in deposits in 1985 and reached $6.97 

billion in deposits in 2016. The remaining geographic limitations 

are also based on maximums for the number of states (fixed at 3) 

and large metropolitan areas (fixed at 2) in which the organization 

maintains offices. Branch office data are based on the most recent 

data from the annual June 30 Summary of Deposits Survey that are 

available at the time of publication. 

Finally, the definition establishes an asset-size limit, also adjusted 

upward quarterly and below which the limits on banking activities 

and geographic scope are waived. The asset-size limit is $250 

million in 1985 and reached $1.39 billion in 2016. This final step 

acknowledges the fact that most of those small banks that are not 

excluded as specialty banks meet the requirements for banking 

activities and geographic limits in any event. 

Summary of FDIC Research Definition of 

Community Banking Organizations 

Community banks are designated at the level of the banking 

organization. 

(All charters under designated holding companies are considered 

community banking charters.) 

Exclude: Any organization with: 

— No loans or no core deposits 

— Assets held in foreign branches ≥ 10% of total assets 

— More than 50% of assets in certain specialty banks, including: 

• credit card specialists 

• consumer nonbank banks1 

• industrial loan companies 

• trust companies 

• bankers’ banks 

Include: All remaining banking organizations with: 

— Total assets < indexed size threshold2 

— Total assets ≥ indexed size threshold, where: 

• Loan to assets > 33% 

• Core deposits to assets > 50% 

• More than 1 office but no more than the indexed maximum 

number of offices.3 

• Number of large MSAs with offices ≤ 2 

• Number of states with offices ≤ 3 

• No single office with deposits > indexed maximum branch 

deposit size.4 

Tables I-C through IV-C. 

A separate set of tables (Tables I-C through IV-C) provides 

comparative quarterly data related to the Deposit Insurance Fund 

(DIF), problem institutions, failed institutions, estimated FDIC1 Consumer nonbank banks are financial institutions with limited charters that 

can make commercial loans or take deposits, but not both. 

2 Asset size threshold indexed to equal $250 million in 1985 and $1.39 billion in 

2016. 

3 Maximum number of offices indexed to equal 40 in 1985 and 87 in 2016. 

4 Maximum branch deposit size indexed to equal $1.25 billion in 1985 and 

$6.97 billion in 2016. 

26 FDIC QUARTERLY 
QUARTERLY BANKING PROFILE

insured deposits, as well as assessment rate information. Depository 

institutions that are not insured by the FDIC through the DIF are 

not included in the FDIC Quarterly Banking Profile. U.S. branches of 

institutions headquartered in foreign countries and non-deposit 

trust companies are not included unless otherwise indicated. Efforts 

are made to obtain financial reports for all active institutions. 

However, in some cases, final financial reports are not available for 

institutions that have closed or converted their charters. 

DATA SOURCES 

The financial information appearing in this publication is obtained 

primarily from the Federal Financial Institutions Examination 

Council (FFIEC) Consolidated Reports of Condition and Income 

(Call Reports) and the OTS Thrift Financial Reports (TFR) submitted 

by all FDIC-insured depository institutions. (TFR filers began filing 

Call Reports effective with the quarter ending March 31, 2012.) This 

information is stored on and retrieved from the FDIC’s Research 

Information System (RIS) database. 

COMPUTATION METHODOLOGY 

Parent institutions are required to file consolidated reports, 

while their subsidiary financial institutions are still required to 

file separate reports. Data from subsidiary institution reports are 

included in the Quarterly Banking Profile tables, which can lead 

to double-counting. No adjustments are made for any doublecounting of subsidiary data. Additionally, certain adjustments 

are made to the OTS Thrift Financial Reports to provide closer 

conformance with the reporting and accounting requirements 

of the FFIEC Call Reports. (TFR filers began filing Call Reports 

effective with the quarter ending March 31, 2012.) 

All condition and performance ratios represent weighted averages, 

which is the sum of the individual numerator values divided by 

the sum of individual denominator values. All asset and liability 

figures used in calculating performance ratios represent average 

amounts for the period (beginning-of-period amount plus endof-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. For the community 

bank subgroup, growth rates will reflect changes over time in the 

number and identities of institutions designated as community 

banks, as well as changes in the assets and liabilities, and income 

and expenses of group members. Unless indicated otherwise, 

growth rates are not adjusted for mergers or other changes in the 

composition of the community bank subgroup. When community 

bank growth rates are adjusted for mergers, prior period balances 

used in the calculations represent totals for the current group 

of community bank reporters, plus prior period amounts for 

any institutions that were subsequently merged into current 

community banks. 

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; institutions can move their home offices 

between regions, savings institutions can convert to commercial 

banks, or commercial banks may convert to savings institutions. 

ACCOUNTING CHANGES 

Financial accounting pronouncements by the Financial Accounting 

Standards Board (FASB) can result in changes in an individual 

bank’s accounting policies and in the Call Reports they submit. Such 

accounting changes can affect the aggregate amounts presented 

in the QBP for the current period and the period-to-period 

comparability of such financial data. 

The current quarter’s Financial Institution Letter (FIL) and related 

Call Report supplemental instructions can provide additional 

explanation to the QBP reader beyond any material accounting 

changes discussed in the QBP analysis. 

The current quarter’s Financial Institution Letter (FIL) and related 

Call Report supplemental instructions can provide additional 

explanation to the QBP reader beyond any material accounting 

changes discussed in the QBP analysis. 

https://www.fdic.gov/news/financial-institution-letters/2022/ 

fil22017.html. 

https://www.fdic.gov/resources/bankers/call-reports/index.html 

Further information on changes in financial statement 

presentation, income recognition and disclosure is available from 

the FASB. 

https://www.fasb.org/page/index?pageId=standards/index.html 

DEFINITIONS (in alphabetical order) 

All other assets – total cash, balances due from depository 

institutions, premises, fixed assets, direct investments in real 

estate, investment in unconsolidated subsidiaries, customers’ 

liability on acceptances outstanding, assets held in trading 

accounts, federal funds sold, securities purchased with agreements 

to resell, fair market value of derivatives, prepaid deposit insurance 

assessments, and other assets. 

All other liabilities – bank’s liability on acceptances, limited-life 

preferred stock, allowance for estimated off-balance-sheet credit 

losses, fair market value of derivatives, and other liabilities. 

Assessment base – effective April 1, 2011, the deposit insurance 

assessment base changed to “average consolidated total assets 

minus average tangible equity” with an additional adjustment to 

the assessment base for banker’s banks and custodial banks, as 

permitted under Dodd-Frank. Previously the assessment base was 

“assessable deposits” and consisted of deposits in banks’ domestic 

offices with certain adjustments. 

Assessment rate schedule – Initial base assessment rates for 

small institutions are based on a combination of financial ratios and 

CAMELS component ratings. Initial rates for large institutions— 

generally those with at least $10 billion in assets—are also based 

on CAMELS component ratings and certain financial measures 

combined into two scorecards—one for most large institutions and 

another for the remaining very large institutions that are structurally 

and operationally complex or that pose unique challenges and risks 

in case of failure (highly complex institutions). The FDIC may take 

additional information into account to make a limited adjustment to 

a large institution’s scorecard results, which are used to determine a 

large institution’s initial base assessment rate. 

While risk categories for small institutions (except new 

institutions) were eliminated effective July 1, 2016, initial rates for 

small institutions are subject to minimums and maximums based 

on an institution’s CAMELS composite rating. (Risk categories for 

large institutions were eliminated in 2011.) 

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The current assessment rate schedule became effective July 1, 2016. 

Under the current schedule, initial base assessment rates range 

from 3 to 30 basis points. An institution’s total base assessment rate 

may differ from its initial rate due to three possible adjustments: 

(1) Unsecured Debt Adjustment: An institution’s rate may decrease 

by up to 5 basis points for unsecured debt. The unsecured debt 

adjustment cannot exceed the lesser of 5 basis points or 50 percent 

of an institution’s initial base assessment rate (IBAR). Thus, for 

example, an institution with an IBAR of 3 basis points would have 

a maximum unsecured debt adjustment of 1.5 basis points and 

could not have a total base assessment rate lower than 1.5 basis 

points. (2) Depository Institution Debt Adjustment: For institutions 

that hold long-term unsecured debt issued by another insured 

depository institution, a 50 basis point charge is applied to the 

amount of such debt held in excess of 3 percent of an institution’s 

Tier 1 capital. (3) Brokered Deposit Adjustment: Rates for large 

institutions that are not well capitalized or do not have a composite 

CAMELS rating of 1 or 2 may increase (not to exceed 10 basis points) 

if their brokered deposits exceed 10 percent of domestic deposits. 

The assessment rate schedule effective July 1, 2016, is shown in the 

following table: 

Total Base Assessment Rates* 

Established Small Banks Large and 

Highly 

Complex 

Institutions** 

CAMELS Composite 

1 or 2 3 4 or 5 

Initial Base 

Assessment Rate 3 to 16 6 to 30 16 to 30 3 to 30 

Unsecured Debt 

Adjustment -5 to 0 -5 to 0 -5 to 0 -5 to 0 

Brokered Deposit 

Adjustment N/A N/A N/A 0 to 10 

Total Base 

Assessment Rate 1.5 to 16 3 to 30 11 to 30 1.5 to 40 

* All amounts for all categories are in basis points annually. Total base rates that are not the 

minimum or maximum rate will vary between these rates. Total base assessment rates do not 

include the depository institution debt adjustment.

 ** Effective July 1, 2016, large institutions are also subject to temporary assessment 

surcharges in order to raise the reserve ratio from 1.15 percent to 1.35  percent. The 

surcharges amount to 4.5 basis points of a large institution’s assessment base (after making 

certain adjustments). 

Each institution is assigned a risk-based rate for a quarterly 

assessment period near the end of the quarter following the 

assessment period. Payment is generally due on the 30th day of 

the last month of the quarter following the assessment period. 

Supervisory rating changes are effective for assessment purposes as 

of the examination transmittal date. 

Assets securitized and sold – total outstanding principal balance 

of assets securitized and sold with servicing retained or other 

seller-provided credit enhancements. 

Capital Purchase Program (CPP) – as announced in October 

2008 under the TARP, the Treasury Department purchase of 

noncumulative perpetual preferred stock and related warrants that 

is treated as Tier 1 capital for regulatory capital purposes is included 

in “Total equity capital.” Such warrants to purchase common 

stock or noncumulative preferred stock issued by publicly-traded 

banks are reflected as well in “Surplus.” Warrants to purchase 

common stock or noncumulative preferred stock of not-publiclytraded bank stock are classified in a bank’s balance sheet as “Other 

liabilities.” 

Common equity Tier 1 capital ratio – ratio of common equity 

Tier 1 capital to risk-weighted assets. Common equity Tier 1 capital 

includes common stock instruments and related surplus, retained 

earnings, accumulated other comprehensive income (AOCI), and 

limited amounts of common equity Tier 1 minority interest, minus 

applicable regulatory adjustments and deductions. Items that are 

fully deducted from common equity Tier 1 capital include goodwill, 

other intangible assets (excluding mortgage servicing assets) 

and certain deferred tax assets; items that are subject to limits in 

common equity Tier 1 capital include mortgage servicing assets, 

eligible deferred tax assets, and certain significant investments. 

Beginning March 2020, this ratio does not include institutions that 

have a Community Bank Leverage Ratio election in effect at the 

report date. 

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 

28 FDIC QUARTERLY 
QUARTERLY BANKING PROFILE

 

compensation (such as a fee or premium). The seller is obligated 

to purchase or sell the variable or index at the discretion of the 

buyer of the contract. 

Swaps – obligations between two parties to exchange a series 

of cash flows at periodic intervals (settlement dates), for a 

specified period. The cash flows of a swap are either fixed, or 

determined for each settlement date by multiplying the quantity 

(notional principal) of the underlying variable or index by 

specified reference rates or prices. Except for currency swaps, 

the notional principal is used to calculate each payment but is 

not exchanged. 

Derivatives underlying risk exposure – the potential exposure 

characterized by the level of banks’ concentration in particular 

underlying instruments, in general. Exposure can result from 

market risk, credit risk, and operational risk, as well as, interest 

rate risk. 

Domestic deposits to total assets – total domestic office deposits 

as a percent of total assets on a consolidated basis. 

Earning assets – all loans and other investments that earn interest 

or dividend income. 

Efficiency ratio – Noninterest expense less amortization 

of intangible assets as a percent of net interest income plus 

noninterest income. This ratio measures the proportion of net 

operating revenues that are absorbed by overhead expenses, so that 

a lower value indicates greater efficiency. 

Estimated insured deposits – in general, insured deposits are 

total domestic deposits minus estimated uninsured deposits. 

Beginning March 31, 2008, for institutions that file Call Reports, 

insured deposits are total assessable deposits minus estimated 

uninsured deposits. Beginning September 30, 2009, insured 

deposits include deposits in accounts of $100,000 to $250,000 

that are covered by a temporary increase in the FDIC’s standard 

maximum deposit insurance amount (SMDIA). The Dodd-Frank 

Wall Street Reform and Consumer Protection Act enacted on July 21, 

2010, made permanent the standard maximum deposit insurance 

amount (SMDIA) of $250,000. Also, the Dodd-Frank Act amended 

the Federal Deposit Insurance Act to include noninterest-bearing 

transaction accounts as a new temporary deposit insurance 

account category. All funds held in noninterest-bearing transaction 

accounts were fully insured, without limit, from December 31, 2010, 

through December 31, 2012. 

Failed/assisted institutions – an institution fails when regulators 

take control of the institution, placing the assets and liabilities 

into a bridge bank, conservatorship, receivership, or another 

healthy institution. This action may require the FDIC to provide 

funds to cover losses. An institution is defined as “assisted” when 

the institution remains open and receives assistance in order to 

continue operating. 

Fair Value – the valuation of various assets and liabilities on the 

balance sheet—including trading assets and liabilities, availablefor-sale securities, loans held for sale, assets and liabilities 

accounted for under the fair value option, and foreclosed assets— 

involves the use of fair values. During periods of market stress, the 

fair values of some financial instruments and nonfinancial assets 

may decline. 

FHLB advances – all borrowings by FDIC-insured institutions 

from the Federal Home Loan Bank System (FHLB), as reported by 

Call Report filers, and by TFR filers prior to March 31, 2012. 

Goodwill and other intangibles – intangible assets include 

servicing rights, purchased credit card relationships, and other 

identifiable intangible assets. Goodwill is the excess of the purchase 

price over the fair market value of the net assets acquired, less 

subsequent impairment adjustments. Other intangible assets are 

recorded at fair value, less subsequent quarterly amortization and 

impairment adjustments. 

Loans secured by real estate – includes home equity loans, junior 

liens secured by 1-4 family residential properties, and all other 

loans secured by real estate. 

Loans to individuals – includes outstanding credit card balances 

and other secured and unsecured consumer loans. 

Long-term assets (5+ years) – loans and debt securities with 

remaining maturities or repricing intervals of over five years. 

Maximum credit exposure – the maximum contractual credit 

exposure remaining under recourse arrangements and other sellerprovided 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 uncollectability), 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. 

New reporters – insured institutions filing quarterly financial 

reports for the first time. 

Other borrowed funds – federal funds purchased, securities 

sold with agreements to repurchase, demand notes issued to the 

U.S. Treasury, FHLB advances, other borrowed money, mortgage 

indebtedness, obligations under capitalized leases and trading 

liabilities, less revaluation losses on assets held in trading accounts. 

Other real estate owned – primarily foreclosed property. Direct 

and indirect investments in real estate ventures are excluded. The 

amount is reflected net of valuation allowances. For institutions 

that filed a Thrift Financial Report (TFR), the valuation allowance 

subtracted also includes allowances for other repossessed assets. 

FDIC QUARTERLY 29
2022 • Volume 16 • Number 2

 

Also, for TFR filers the components of other real estate owned are 

reported gross of valuation allowances. (TFR filers began filing Call 

Reports effective with the quarter ending March 31, 2012.) 

Percent of institutions with earnings gains – the percent of 

institutions that increased their net income (or decreased their 

losses) compared to the same period a year earlier. 

“Problem” institutions – federal regulators assign a composite 

rating to each financial institution, based upon an evaluation of 

financial and operational criteria. The rating is based on a scale 

of 1 to 5 in ascending order of supervisory concern. “Problem” 

institutions are those institutions with financial, operational, or 

managerial weaknesses that threaten their continued financial 

viability. Depending upon the degree of risk and supervisory 

concern, they are rated either a “4” or “5.” The number and assets 

of “problem” institutions are based on FDIC composite ratings. 

Prior to March 31, 2008, for institutions whose primary federal 

regulator was the OTS, the OTS composite rating was used. 

Recourse – an arrangement in which a bank retains, in form or in 

substance, any credit risk directly or indirectly associated with an 

asset it has sold (in accordance with generally accepted accounting 

principles) that exceeds a pro rata share of the bank’s claim on 

the asset. If a bank has no claim on an asset it has sold, then the 

retention of any credit risk is recourse. 

Reserves for losses – the allowance for loan and lease losses on a 

consolidated basis. 

Restructured loans and leases – loan and lease financing 

receivables with terms restructured from the original contract. 

Excludes restructured loans and leases that are not in compliance 

with the modified terms. 

Retained earnings – net income less cash dividends on common 

and preferred stock for the reporting period. 

Return on assets – bank net income (including gains or losses on 

securities and extraordinary items) as a percentage of average total 

(consolidated) assets. The basic yardstick of bank profitability. 

Return on equity – bank net income (including gains or losses on 

securities and extraordinary items) as a percentage of average total 

equity capital. 

Risk-weighted assets – assets adjusted for risk-based capital 

definitions which include on-balance-sheet as well as off-balancesheet items multiplied by risk-weights that range from zero to 

200 percent. A conversion factor is used to assign a balance sheet 

equivalent amount for selected off-balance-sheet accounts. 

Securities – excludes securities held in trading accounts. Banks’ 

securities portfolios consist of securities designated as “held-tomaturity” (reported at amortized cost (book value)), securities 

designated as “available-for-sale” (reported at fair (market) 

value), and equity securities with readily determinable fair values 

not held for trading. 

Securities gains (losses) – realized gains (losses) on held-tomaturity and available-for-sale securities, before adjustments for 

income taxes. Thrift Financial Report (TFR) filers also include gains 

(losses) on the sales of assets held for sale. (TFR filers began filing 

Call Reports effective with the quarter ending March 31, 2012.) 

Seller’s interest in institution’s own securitizations – the 

reporting bank’s ownership interest in loans and other assets that 

have been securitized, except an interest that is a form of recourse 

or other seller-provided credit enhancement. Seller’s interests 

differ from the securities issued to investors by the securitization 

structure. The principal amount of a seller’s interest is generally 

equal to the total principal amount of the pool of assets included 

in the securitization structure less the principal amount of those 

assets attributable to investors, i.e., in the form of securities issued 

to investors. 

Small Business Lending Fund – The Small Business Lending 

Fund (SBLF) was enacted into law in September 2010 as part 

of the Small Business Jobs Act of 2010 to encourage lending to 

small businesses by providing capital to qualified community 

institutions with assets of less than $10 billion. The SBLF Program 

is administered by the U.S. Treasury Department (https:// 

home.treasury.gov/policy-issues/small-business-programs/ 

small-business-lending-fund). 

Under the SBLF Program, the Treasury Department purchased 

noncumulative perpetual preferred stock from qualifying 

depository institutions and holding companies (other than 

Subchapter S and mutual institutions). When this stock has been 

issued by a depository institution, it is reported as “Perpetual 

preferred stock and related surplus.” For regulatory capital 

purposes, this noncumulative perpetual preferred stock qualifies as 

a component of Tier 1 capital. Qualifying Subchapter S corporations 

and mutual institutions issue unsecured subordinated debentures to 

the Treasury Department through the SBLF. Depository institutions 

that issued these debentures report them as “Subordinated notes 

and debentures.” For regulatory capital purposes, the debentures 

are eligible for inclusion in an institution’s Tier 2 capital in 

accordance with their primary federal regulator’s capital standards. 

To participate in the SBLF Program, an institution with outstanding 

securities issued to the Treasury Department under the Capital 

Purchase Program (CPP) was required to refinance or repay in full 

the CPP securities at the time of the SBLF funding. Any outstanding 

warrants that an institution issued to the Treasury Department 

under the CPP remain outstanding after the refinancing of the CPP 

stock through the SBLF Program unless the institution chooses to 

repurchase them. 

Subchapter S corporation – a Subchapter S corporation is treated 

as a pass-through entity, similar to a partnership, for federal 

income tax purposes. It is generally not subject to any federal 

income taxes at the corporate level. This can have the effect of 

reducing institutions’ reported taxes and increasing their after-tax 

earnings. 

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 and contra accounts – unearned income for 

Call Report filers only. 

Unused loan commitments – includes credit card lines, home 

equity lines, commitments to make loans for construction, loans 

secured by commercial real estate, and unused commitments to 

originate or purchase loans. (Excluded are commitments after 

June 2003 for originated mortgage loans held for sale, which are 

accounted for as derivatives on the balance sheet.) 

Yield on earning assets – total interest, dividend, and fee income 

earned on loans and investments as a percentage of average 

earning assets. 

30 FDIC QUARTERLY