1 

QUARTERLY 2022 VOLUME 16, NUMBER 4

INSURED INSTITUTION PERFORMANCE

Net Income Increased Quarter Over Quarter and Year Over Year

Net Interest Margin Widened Substantially

Unrealized Losses on Securities Increased

Loan Growth Was Broad Based

Credit Quality Remained Favorable Despite Slight Growth in Early-Stage Delinquencies

Total Deposits Declined From Second Quarter 2022, but Insured Deposits Increased

NET INCOME INCREASED 

QUARTER OVER QUARTER AND 

YEAR OVER YEAR

Quarterly net income totaled $71.7 billion in third quarter 2022, 

an increase of $7.3 billion (11.3 percent) from the second quarter. 

An increase in net interest income more than offset increases in 

provisions for credit losses and noninterest expense. Nearly three 

quarters of all banks (73.3 percent) reported increases in net income 

from the prior quarter. At the same time, the share of institutions 

reporting quarterly losses fell to 3.5 percent in third quarter 2022, the 

lowest level in the history of the Quarterly Banking Profile (QBP).

Net income rose $2.2 billion (3.2 percent) from third quarter 2021, as 

growth in net interest income exceeded growth in provision expense.

The banking industry reported an aggregate return on average assets 

(ROAA) ratio of 1.21 percent, up 13 basis points from the ROAA ratio 

reported in second quarter 2022 but unchanged from the same quarter 

last year.

Chart 1

Quarterly Net Income

All FDIC-Insured Institutions

$ Billions

Source: FDIC.

-40

-20

0

20

40

60

80

Net Operating Income

Realized Securities Gains/Losses, Net

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

Chart 2

Source: FDIC.

Percent

Quarterly Net Interest Margin

All FDIC-Insured Institutions

 Assets > $250 Billion

 Assets $10 Billion - $250 Billion

 Assets $1 Billion - $10 Billion

 Assets $100 Million - $1 Billion

 Assets < $100 Million

0.0

1.0

1.5

2.0

2.5

3.0

3.5

4.0

0.5

4.5

5.0

2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022
QUARTERLY 2022 VOLUME 16, NUMBER 4

2 

NET INTEREST MARGIN 

WIDENED SUBSTANTIALLY

The net interest margin (NIM) increased 35 basis points from the prior 

quarter and 58 basis points from the year-ago quarter to 3.14 percent. 

Growth in net interest income outpaced growth in earning assets, 

resulting in a strong quarterly increase in NIM. This is the first time 

NIM has been above 3 percent since first quarter 2020.

The average yield on earning assets increased 73 basis points from 

second quarter 2022 to 3.78 percent due to strong loan growth and 

rising market interest rates. Average funding costs increased 38 basis 

points from second quarter 2022 to 0.64 percent.

UNREALIZED LOSSES ON 

SECURITIES INCREASED

Unrealized losses on securities totaled $689.9 billion in the third 

quarter, up from $469.7 billion in the second quarter, reflecting 

increased market interest rates. Unrealized losses on held-tomaturity securities totaled $368.5 billion in the third quarter, up from 

$241.8 billion in the second quarter. Unrealized losses on availablefor-sale securities totaled $321.5 billion in the third quarter, up from 

$227.9 billion in the second quarter.

NET OPERATING REVENUE ROSE 

7.6 PERCENT ON STRONG NET 

INTEREST INCOME GROWTH

Net operating revenue (net interest income plus noninterest income) 

increased 7.6 percent to $245.4 billion in third quarter 2022 due to 

strong net interest income growth (up $17.5 billion, or 11.6 percent). 

Interest income grew $37.7 billion (22.9 percent) from second quarter 

2022 and offset a $20.2 billion (146.0 percent) increase in interest 

expense. Higher loan interest income, particularly on loans secured by 

real estate, drove the quarterly growth in net interest income. From the 

year-ago quarter, net operating revenue rose $35.0 billion (16.6 percent) 

as net interest income grew $34.2 billion (25.4 percent) and noninterest 

income grew $833.3 million (1.1 percent).

Chart 3

Source: FDIC.

Quarter-Over-Quarter Change

($ Billions)

Change in Quarterly Loan-Loss Provisions

All FDIC-Insured Institutions

-60

-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

Chart 4

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 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.

$ Billions

Quarterly Change in Loan Balances

All FDIC-Insured Institutions

-300

-200

-100

0

100

200

300

400

500

-10

-5

0

5

10

15

Quarterly Change (Left Axis)

12-Month Growth Rate (Right Axis)

Percent

2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022
QUARTERLY 2022 VOLUME 16, NUMBER 4

3 

NONINTEREST EXPENSE ROSE 

QUARTER OVER QUARTER AND 

YEAR OVER YEAR

Noninterest expense rose $4.0 billion (3.0 percent) quarter over 

quarter. An increase in “all other noninterest expense”—primarily 

advertising and marketing expenses—as well as an increase in 

compensation costs drove the growth in noninterest expense during 

the quarter. More than two-thirds of banks (68.7 percent) reported an 

increase in noninterest expense from the prior quarter. Year over year, 

noninterest expense rose $10.8 billion (8.4 percent), slightly outpacing 

average asset growth of 2.9 percent. As a result, the ratio of noninterest 

expense to average assets increased 12 basis points from the year-ago 

quarter to 2.35 percent but remained well below the pre-pandemic 

average of 2.61 percent.1

Although the industry reported an aggregate increase in noninterest 

expense, the efficiency ratio (noninterest expense to net operating 

revenue) declined 4.24 percentage points from the year-ago quarter 

to 56.2 percent, led by strong growth in net interest income. The 

efficiency ratio declined for all QBP asset size groups.

THE LARGEST BANKS CONTINUED 

TO DRIVE THE INCREASE IN 

PROVISION EXPENSE

Provision expense increased to $14.6 billion from $11.1 billion last 

quarter and negative $5.2 billion in the year-ago quarter.2 Banks in the 

two largest QBP asset size groups (“Assets Greater than $250 Billion” 

and “Assets Between $10 Billion and $250 Billion”) continued to drive 

the increase in provision expense.

Chart 5

Source: FDIC.

$ Billions

Quarterly Change in Deposits

All FDIC-Insured Institutions

-600

-400

-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.

Percent

Chart 6

Noncurrent Loan Rate and Quarterly Net Charge-Off Rate

All FDIC-Insured Institutions

Noncurrent Rate

Quarterly Net Charge-Off Rate

0

1

2

3

4

5

6

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

1 “Pre-pandemic average” refers to the period including first quarter 2015 through fourth quarter 2019 and is used consistently throughout this document.

2 Provisions for credit losses include both losses for loans and securities for CECL adopters but only loan losses for non-adopters. 
QUARTERLY 2022 VOLUME 16, NUMBER 4

4 

The net number of banks reporting adoption of current expected 

credit loss (CECL) accounting increased by 17 from second quarter 

2022 to 349.3

 CECL adopters reported aggregate provisions of 

$12.8 billion in third quarter, $2.8 billion more than second quarter 

2022 and $18.1 billion more than one year ago. Provision expense for 

banks that have not adopted CECL accounting totaled $1.8 billion, up 

$784.2 million from a quarter ago and $1.7 billion from one year ago.

All QBP asset size groups reported higher reserve coverage ratios 

(allowance for credit losses to noncurrent loans) than the year-ago 

quarter, as noncurrent loan balances declined and allowance levels 

increased. The aggregate coverage ratio increased 34.6 percentage 

points from the year-ago quarter to 214.8 percent, the highest level on 

QBP record.4

Although the coverage ratio increased, the ratio of the allowance 

for credit losses (ACL) to total loans declined 15 basis points to 

1.55 percent from the year-ago quarter, primarily due to strong loan 

growth. However, the ACL to total loans ratio remains higher than the 

pre-pandemic average of 1.29 percent.

BANKING INDUSTRY ASSETS 

DECLINED FROM THE PREVIOUS 

QUARTER

Total assets declined $86.8 billion (0.4 percent) from second quarter 

2022 to $23.6 trillion. While total loan and lease balances increased 

$229.7 billion (2.0 percent) from second quarter 2022, securities 

declined $224.7 billion (3.7 percent) and cash and balances due 

from depository institutions declined $131.5 billion. The proportion 

of securities to total assets declined slightly to 25.1 percent from 

25.9 percent one quarter ago and from 25.6 percent one year ago.

3 Changes to the number of CECL accounting adopters may result from closures, mergers and acquisitions, or examination or audit findings. 

4 The coverage ratio is the ratio of the allowance for credit losses to the total of loans that are 90 days or more past due plus the total of loans in nonaccrual status.

Chart 7

Unrealized Gains (Losses) on Investment Securities

All FDIC-Insured Institutions

$ Billions

Source: FDIC.

Note: Insured Call Report filers only. 

Available-for-Sale Securities

Held-to-Maturity Securities

-750

-675

-600

-525

-450

-375

-300

-225

-150

-75

0

75

150

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

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.

Number

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

All FDIC-Insured Institutions

 Assets of Problem Banks (Right Axis)

Number of Problem Banks (Left Axis)

Assets

($ Billions)

0

100

200

300

400

500

600

700

800

900

1,000

0

50

100

150

200

250

300

350

400

450

500

2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022
QUARTERLY 2022 VOLUME 16, NUMBER 4

5 

Annually, total assets increased $379.8 billion (1.6 percent) as 

institutions deployed excess cash into loans and leases. Total loan 

and lease balances increased $1.1 trillion (9.9 percent) while cash and 

balances due from depository institutions declined $957.8 billion 

(26.3 percent). Securities declined $29.3 billion (0.5 percent) from one 

year ago. In the rising interest rate environment, institutions moved 

available-for-sale securities (down $750.2 billion, or 19.1 percent) into 

held-to-maturity balances (up $720.3 billion, or 35.9 percent) year 

over year.

LOAN BALANCES INCREASED FROM 

THE PREVIOUS QUARTER AND A 

YEAR AGO

Total loan and lease balances increased $229.7 billion (2.0 percent) 

from one quarter ago. The banking industry reported growth in several 

loan portfolios, including 1–4 family residential loans (up $68.1 billion, 

or 2.9 percent) and consumer loans (up $39.4 billion, or 2.0 percent).

Annually, total loan and lease balances increased $1.1 trillion 

(9.9 percent), driven by growth in commercial and industrial (C&I) 

loans (up $259.8 billion, or 11.6 percent), 1–4 family residential 

mortgages (up $213.9 billion, or 9.6 percent), and consumer loans (up 

$204.1 billion, or 11.4 percent). Credit card loans grew the most among 

consumer loan categories (up $129.5 billion, or 16.1 percent). Excluding 

the effect of declines in Paycheck Protection Program loans, annual 

total loan growth would have been 11.6 percent and annual C&I loan 

growth would have been 20.6 percent. The annual loan growth was the 

largest dollar increase in the history of the QBP.

TOTAL DEPOSITS DECLINED 

MODERATELY FOR THE SECOND 

QUARTER IN A ROW, BUT INSURED 

DEPOSITS INCREASED

Despite a slight increase in insured deposits in the third quarter, total 

deposits declined $206.0 billion (1.1 percent) between second quarter 

2022 and third quarter 2022. This was the second consecutive quarter 

that the industry reported lower levels of total deposits. A reduction 

in uninsured deposits was the primary driver of the quarterly decline. 

A decline in deposit accounts with balances greater than $250,000 

(down $217.5 billion, or 2.1 percent) led the quarterly reduction. As of 

third quarter 2022, deposits represented 81.9 percent of total assets, 

well above the pre-pandemic average of 76.7 percent. The decline in 

deposits in third quarter 2022 was accompanied by an increase in 

wholesale funding for the industry, up $212.6 billion (6.9 percent) from 

the prior quarter.5 Despite the decline in aggregate deposits, nearly half 

of all banks (49.8 percent) reported higher deposit balances compared 

with a quarter ago.

5 Wholesale funding includes federal funds purchased and securities sold under agreement to repurchase; Federal Home Loan Bank borrowings; brokered, municipal and state, 

and foreign deposits; and other borrowings and listing services.
QUARTERLY 2022 VOLUME 16, NUMBER 4

6 

EARLY-STAGE DELINQUENCIES 

CONTINUED TO RISE MODESTLY

The rate of loans and leases 30 to 89 days past due (past-due loan 

balances) increased 3 basis points from the last quarter and 7 basis 

points from the year-ago quarter to 0.51 percent. Both the quarterly and 

annual increases were driven by an increase in past-due credit card, 

C&I, and auto loans. Despite the recent increase, the overall past-due 

rate remains below the pre-pandemic average of 0.66 percent.

THE NONCURRENT LOAN RATE 

CONTINUED TO DECLINE

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

(noncurrent loan balances) continued to decline, and the noncurrent 

rate was down 3 basis points to 0.72 percent from second quarter 

2022. The noncurrent rate for total loans is the lowest level since 

second quarter 2006. Noncurrent 1–4 family residential real estate 

loan balances declined most among noncurrent loan categories, 

down 6.2 percent, which supported a 13 basis point reduction in the 

noncurrent rate to 1.39 percent. Almost half of all banks (49.3 percent) 

reported lower noncurrent loan balances compared with second 

quarter 2022.

INCREASE IN NET LOSSES ON 

CREDIT CARD AND AUTO LOANS 

DROVE AN INCREASE IN THE NET 

CHARGE-OFF RATE

The annual increase in auto loan net charge-offs (up 42 basis points 

to 0.55 percent) and credit card net charge-offs (up 32 basis points to 

2.02 percent) drove the increase in total net charge-offs of loans and 

leases from the year-ago quarter. These increases supported a 6 basis 

point rise in the net charge-off rate to 0.26 percent. Despite this 

increase, the industry’s net charge-off rate remains near historic lows.

RISK-BASED CAPITAL RATIOS 

REMAIN STRONG DESPITE SLIGHT 

DECLINES IN SOME MEASURES

The leverage capital ratio increased 12 basis points from a quarter 

ago to 8.86 percent. Risk-based capital ratios remained above 

pre-pandemic averages despite a reduction in third quarter 2022. The 

total risk-based capital ratio fell 1 basis point to 14.84 percent and 

the tier 1 risk-based capital ratio fell 1 basis point to 13.58 percent due 

to risk-weighted asset growth outpacing capital formation. Equity 

capital declined $55.2 billion (2.5 percent) in third quarter 2022 as 

the continued rise in market interest rates further eroded the value 

of available-for-sale investment securities, resulting in a continued 

reduction in accumulated other comprehensive income (down 

$94.4 billion, or 37.3 percent) from second quarter 2022.
QUARTERLY 2022 VOLUME 16, NUMBER 4

7 

Retained earnings decreased $1.2 billion (3.3 percent) from a quarter 

ago. Banks distributed 52.3 percent of third quarter earnings as 

dividends, up from 45.1 percent reported in second quarter 2022. The 

number of institutions with capital ratios that did not meet Prompt 

Corrective Action requirements for the well-capitalized category 

increased by four from second quarter 2022 to eleven.6

THREE BANKS OPENED AND 

NO BANKS FAILED IN 

THIRD QUARTER 2022

The number of FDIC-insured institutions declined to 4,746 from 4,771 

in the previous quarter. In third quarter, three banks opened and 

26 institutions merged with other FDIC-insured institutions. Two 

institutions ceased operations. The number of banks on the FDIC’s 

“Problem Bank List” increased by two from second quarter to 42. Total 

assets of problem banks declined $5.7 billion to $163.8 billion.7 No 

banks failed in the third quarter.

Author:

James K. Presley-Nelson

Senior Financial Analyst

Division of Insurance and Research

6 Prompt Corrective Action categories are assigned based on reported capital ratios only and do not include the effects of regulatory downgrades. 

7 The asset value of insured financial institutions on the Problem Bank List is the amount known on the last day of the second quarter 2022, the most current information 

available on September 30, 2022. 
QUARTERLY 2022 VOLUME 16, NUMBER 4

8 

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

2022** 2021** 2021 2020 2019 2018 2017

Return on assets (%) 1.10 1.28 1.23 0.72 1.29 1.35 0.97

Return on equity (%) 11.67 12.66 12.21 6.85 11.38 11.98 8.60

Core capital (leverage) ratio (%) 8.86 8.86 8.73 8.82 9.66 9.70 9.63

Noncurrent assets plus other real estate owned to assets (%) 0.38 0.46 0.44 0.61 0.55 0.60 0.73

Net charge-offs to loans (%) 0.24 0.27 0.25 0.50 0.52 0.48 0.50

Asset growth rate (%) 1.63 9.63 8.46 17.29 3.92 3.03 3.79

Net interest margin (%) 2.83 2.54 2.54 2.82 3.36 3.40 3.25

Net operating income growth (%) -7.54 158.84 96.90 -38.77 -3.14 45.45 -3.27

Number of institutions reporting 4,746 4,914 4,839 5,002 5,177 5,406 5,670

Commercial banks 4,157 4,301 4,231 4,375 4,518 4,715 4,918

Savings institutions 589 613 608 627 659 691 752

Percentage of unprofitable institutions (%) 3.94 3.26 3.08 4.68 3.73 3.46 5.61

Number of problem institutions 42 46 44 56 51 60 95

Assets of problem institutions (in billions)*** $164 $51 $170 $56 $46 $48 $14

Number of failed institutions 0 0 0 4 4 0 8

* Excludes insured branches of foreign banks (IBAs).

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

*** Assets shown are what were on record as of the last day of the quarter.
QUARTERLY 2022 VOLUME 16, NUMBER 4

9 

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

(dollar figures in millions)  3rd Quarter

2022

2nd Quarter

2022

3rd Quarter

2021

%Change 

21Q3-22Q3

Number of institutions reporting 4,746 4,771 4,914 -3.4

Total employees (full-time equivalent) 2,114,160 2,100,331 2,056,576 2.8

CONDITION DATA

Total assets $23,631,743 $23,718,522 $23,251,942 1.6

Loans secured by real estate 5,652,163 5,499,642 5,183,065 9.1

 1-4 Family residential mortgages 2,435,703 2,367,579 2,221,820 9.6

 Nonfarm nonresidential 1,746,697 1,709,326 1,619,811 7.8

 Construction and development 447,292 429,523 402,222 11.2

 Home equity lines 270,561 266,734 270,294 0.1

Commercial & industrial loans 2,503,006 2,487,578 2,243,235 11.6

Loans to individuals 2,001,101 1,961,752 1,797,048 11.4

 Credit cards 935,418 903,452 805,961 16.1

Farm loans 74,555 70,854 73,096 2.0

Other loans & leases 1,772,451 1,753,409 1,626,842 9.0

Less: Unearned income 1,896 1,508 2,409 -21.3

Total loans & leases 12,001,380 11,771,727 10,920,877 9.9

Less: Reserve for losses* 185,576 179,204 185,059 0.3

Net loans and leases 11,815,804 11,592,522 10,735,818 10.1

Securities** 5,923,916 6,148,626 5,953,171 -0.5

Other real estate owned 2,731 2,807 3,817 -28.5

Goodwill and other intangibles 425,608 421,505 396,650 7.3

All other assets 5,463,684 5,553,062 6,162,486 -11.3

Total liabilities and capital 23,631,743 23,718,522 23,251,942 1.6

Deposits 19,357,266 19,563,218 19,166,988 1.0

 Domestic office deposits 17,891,610 18,077,440 17,634,212 1.5

 Foreign office deposits 1,465,655 1,485,779 1,532,777 -4.4

Other borrowed funds 1,254,328 1,138,296 989,700 26.7

Subordinated debt 63,299 63,463 66,246 -4.5

All other liabilities 791,605 732,970 687,097 15.2

Total equity capital (includes minority interests) 2,165,245 2,220,571 2,341,912 -7.5

 Bank equity capital 2,163,083 2,218,321 2,339,473 -7.5

Loans and leases 30-89 days past due 61,307 56,915 47,772 28.3

Noncurrent loans and leases 86,407 87,998 102,736 -15.9

Restructured loans and leases 43,441 42,203 45,375 -4.3

Mortgage-backed securities 3,202,320 3,381,676 3,488,704 -8.2

Earning assets 21,397,380 21,523,133 21,241,562 0.7

FHLB Advances 444,550 325,742 190,103 133.9

Unused loan commitments 9,499,035 9,456,319 9,073,446 4.7

Trust assets 17,544,743 18,118,495 19,979,029 -12.2

Assets securitized and sold 407,752 419,157 464,570 -12.2

Notional amount of derivatives 198,385,680 197,421,142 187,643,812 5.7

INCOME DATA

First Three 

Quarters 2022

First Three 

Quarters 2021 %Change

3rd Quarter 

2022

3rd Quarter 

2021

%Change 

21Q3-22Q3

Total interest income $513,136 $419,974 22.2 202,703 143,206 41.6

Total interest expense 56,319 27,987 101.2 34,074 8,738 290.0

Net interest income 456,817 391,987 16.5 168,629 134,468 25.4

Provision for credit losses*** 30,926 -30,404 N/M 14,639 -5,226 N/M

Total noninterest income 230,127 228,126 0.9 76,819 75,986 1.1

Total noninterest expense 406,506 377,822 7.6 138,863 128,086 8.4

Securities gains (losses) -2,209 2,465 N/M -1,318 338 N/M

Applicable income taxes 51,063 58,997 -13.5 18,863 18,391 2.6

Extraordinary gains, net**** -261 31 N/M -11 3 N/M

Total net income (includes minority interests) 195,979 216,194 -9.4 71,753 69,545 3.2

 Bank net income 195,796 216,025 -9.4 71,688 69,490 3.2

Net charge-offs 20,592 21,689 -5.1 7,634 5,279 44.6

Cash dividends 95,147 115,002 -17.3 37,498 54,700 -31.5

Retained earnings 100,649 101,023 -0.4 34,190 14,790 131.2

Net operating income 198,028 214,172 -7.5 72,824 69,264 5.1

* 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
QUARTERLY 2022 VOLUME 16, NUMBER 4

10 

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

Asset Concentration Groups*

THIRD QUARTER

(The way it is...)

All Insured 

Institutions

Credit Card 

Banks

International 

Banks

Agricultural 

Banks

Commercial 

Lenders

Mortgage 

Lenders

Consumer 

Lenders

Other 

Specialized 

<$1 Billion

All Other 

<$1 Billion

All Other 

>$1 Billion

Number of institutions reporting 4,746 11 5 1,064 2,469 306 41 315 459 76

Commercial banks 4,157 10 5 1,051 2,239 83 29 289 388 63

Savings institutions 589 1 0 13 230 223 12 26 71 13

Total assets (in billions) $23,631.7 $552.2 $5,827.1 $297.3 $7,559.0 $758.3 $576.8 $70.6 $110.0 $7,880.6

Commercial banks 22,238.8 460.5 5,827.1 289.8 7,081.6 143.6 566.2 66.4 91.8 7,711.9

Savings institutions 1,392.9 91.8 0.0 7.4 477.4 614.7 10.6 4.3 18.1 168.7

Total deposits (in billions) 19,357.3 406.3 4,513.2 258.5 6,302.8 679.5 480.5 62.3 97.4 6,556.8

Commercial banks 18,167.4 335.5 4,513.2 254.2 5,924.0 122.4 471.4 59.4 81.8 6,405.5

Savings institutions 1,189.9 70.8 0.0 4.3 378.9 557.2 9.1 2.9 15.6 151.3

Bank net income (in millions) 71,688 4,632 15,354 1,016 23,419 1,925 1,863 377 308 22,795

Commercial banks 67,885 3,940 15,354 970 22,212 428 1,845 206 276 22,654

Savings institutions 3,803 692 0 46 1,206 1,497 18 171 32 141

Performance Ratios (annualized, %)

Yield on earning assets 3.78 13.26 3.26 4.01 3.97 2.58 4.48 3.17 3.80 3.36

Cost of funding earning assets 0.64 1.91 0.81 0.46 0.47 0.44 1.02 0.33 0.34 0.58

Net interest margin 3.14 11.35 2.46 3.54 3.49 2.13 3.46 2.84 3.47 2.78

Noninterest income to assets 1.30 6.16 1.55 0.57 0.85 0.57 1.16 4.29 0.90 1.29

Noninterest expense to assets 2.35 9.32 2.14 2.26 2.28 1.32 2.12 4.11 2.79 2.18

Credit loss provision to assets** 0.25 3.12 0.17 0.05 0.17 0.02 0.58 0.03 0.04 0.19

Net operating income to assets 1.23 3.43 1.10 1.39 1.26 1.02 1.30 2.30 1.16 1.15

Pretax return on assets 1.53 4.46 1.33 1.56 1.57 1.25 1.71 2.60 1.28 1.44

Return on assets 1.21 3.43 1.05 1.37 1.24 0.98 1.31 2.13 1.12 1.16

Return on equity 13.09 28.74 11.72 15.93 12.80 15.94 15.64 21.32 12.95 12.46

Net charge-offs to loans and leases 0.26 2.13 0.31 0.04 0.10 0.01 0.41 0.05 0.03 0.22

Loan and lease loss provision to 

net charge-offs 186.10 171.77 150.71 200.80 234.25 345.45 187.72 199.14 248.44 198.67

Efficiency ratio 56.17 54.80 57.30 57.57 55.91 49.79 47.98 59.00 67.14 56.88

% of unprofitable institutions 3.54 9.09 0.00 1.50 2.31 9.80 9.76 12.70 3.92 2.63

% of institutions with earnings gains 62.79 36.36 40.00 62.59 62.54 59.80 58.54 68.57 63.83 63.16

Structural Changes

New reporters 3 0 0 0 0 0 0 3 0 0

Institutions absorbed by mergers 26 0 1 2 19 2 0 1 0 1

Failed institutions 0 0 0 0 0 0 0 0 0 0

PRIOR THIRD QUARTERS

(The way it was...)

Return on assets (%) 2021 1.21 5.50 1.04 1.40 1.23 0.87 1.84 1.54 1.15 1.05

 2019 1.25 3.43 1.23 1.45 1.15 1.30 1.53 3.43 1.23 1.15

 2017 1.12 2.21 1.01 1.34 1.13 0.96 1.23 3.06 0.98 1.07

Net charge-offs to loans & leases (%) 2021 0.19 1.54 0.29 0.04 0.09 0.00 0.24 0.08 0.01 0.16

 2019 0.51 3.94 0.71 0.15 0.24 0.03 0.78 0.16 0.12 0.37

 2017 0.46 3.75 0.54 0.10 0.20 0.03 0.56 0.25 0.15 0.40

* See Table V-A (page 14) 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.
QUARTERLY 2022 VOLUME 16, NUMBER 4

11 

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

Asset Size Distribution Geographic Regions*

THIRD QUARTER

(The way it is...)

All Insured 

Institutions

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 4,746 778 2,981 829 145 13 561 540 1,019 1,212 1,062 352

Commercial banks 4,157 681 2,643 692 129 12 291 494 879 1,175 996 322

Savings institutions 589 97 338 137 16 1 270 46 140 37 66 30

Total assets (in billions) $23,631.7 $47.3 $1,095.5 $2,251.5 $7,109.9 $13,127.7 $4,530.0 $4,653.8 $5,690.9 $4,171.8 $1,984.1 $2,601.2

Commercial banks 22,238.8 41.9 962.6 1,894.3 6,573.1 12,766.9 4,077.4 4,601.7 5,595.0 4,116.8 1,396.0 2,451.9

Savings institutions 1,392.9 5.4 132.9 357.2 536.7 360.8 452.6 52.1 95.9 54.9 588.1 149.3

Total deposits (in billions) 19,357.3 40.3 956.8 1,903.6 5,869.3 10,587.2 3,704.1 3,877.6 4,461.5 3,411.0 1,744.7 2,158.4

Commercial banks 18,167.4 36.2 846.6 1,610.5 5,436.4 10,237.7 3,338.0 3,839.7 4,392.6 3,363.7 1,196.0 2,037.3

Savings institutions 1,189.9 4.1 110.2 293.1 433.0 349.5 366.2 37.9 68.8 47.3 548.7 121.0

Bank net income (in millions) 71,688 117 3,567 7,679 24,993 35,332 12,977 14,448 16,991 10,546 6,170 10,557

Commercial banks 67,886 107 3,139 6,868 23,290 34,483 12,063 14,261 16,521 10,370 4,970 9,700

Savings institutions 3,803 11 428 811 1,704 849 914 187 470 176 1,200 856

Performance Ratios (annualized, %)

Yield on earning assets 3.78 3.88 4.07 4.33 4.44 3.29 3.77 3.75 3.38 3.87 3.60 4.68

Cost of funding earning assets 0.64 0.36 0.42 0.50 0.68 0.65 0.79 0.50 0.61 0.71 0.38 0.73

Net interest margin 3.14 3.52 3.65 3.83 3.76 2.64 2.98 3.25 2.76 3.16 3.21 3.95

Noninterest income to assets 1.30 1.53 1.07 1.10 1.33 1.33 1.20 1.20 1.49 1.06 0.81 1.98

Noninterest expense to assets 2.35 3.57 2.84 2.67 2.57 2.12 2.15 2.34 2.22 2.40 2.17 3.05

Credit loss provision to assets** 0.25 0.05 0.08 0.22 0.39 0.19 0.26 0.28 0.18 0.21 0.12 0.50

Net operating income to assets 1.23 1.02 1.35 1.41 1.41 1.10 1.16 1.25 1.24 1.02 1.23 1.64

Pretax return on assets 1.53 1.14 1.53 1.72 1.82 1.34 1.46 1.50 1.51 1.30 1.50 2.15

Return on assets 1.21 0.99 1.31 1.38 1.41 1.07 1.15 1.24 1.19 1.01 1.22 1.63

Return on equity 13.09 8.24 14.33 14.34 14.59 11.92 11.80 12.65 13.48 10.90 15.41 17.43

Net charge-offs to loans and leases 0.26 0.05 0.05 0.15 0.33 0.26 0.25 0.30 0.17 0.26 0.10 0.42

Loan and lease loss provision to 

net charge-offs 186.10 177.92 288.71 218.00 184.09 180.56 190.10 172.69 186.14 198.89 216.97 182.86

Efficiency ratio 56.17 73.95 62.92 56.89 53.20 57.33 54.67 56.12 55.70 60.94 56.78 53.14

% of unprofitable institutions 3.54 10.03 2.45 1.81 1.38 0.00 5.17 4.63 4.02 2.31 2.26 5.97

% of institutions with earnings gains 62.79 64.14 62.29 63.45 62.76 53.85 61.85 73.33 60.16 59.32 66.29 57.10

Structural Changes

New reporters 3 3 0 0 0 0 2 0 0 0 1 0

Institutions absorbed by mergers 26 5 19 2 0 0 5 1 5 7 7 1

Failed institutions 0 0 0 0 0 0 0 0 0 0 0 0

PRIOR THIRD QUARTERS

(The way it was...)

Return on assets (%) 2021 1.21 0.96 1.36 1.39 1.42 1.05 1.08 1.25 1.24 1.03 1.15 1.64

 2019 1.25 1.03 1.35 1.39 1.28 1.20 1.10 1.18 1.36 1.15 1.44 1.47

 2017 1.12 1.02 1.16 1.15 1.21 1.05 0.96 1.11 1.13 1.04 1.20 1.49

Net charge-offs to loans & leases (%) 2021 0.19 0.05 0.05 0.13 0.23 0.21 0.19 0.21 0.14 0.24 0.09 0.26

 2019 0.51 0.24 0.13 0.21 0.67 0.51 0.47 0.53 0.43 0.51 0.26 0.79

 2017 0.46 0.16 0.13 0.22 0.64 0.46 0.53 0.58 0.25 0.49 0.26 0.59

* See Table V-A (page 15) 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.
QUARTERLY 2022 VOLUME 16, NUMBER 4

12 

TABLE IV-A. First Three Quarters 2022, All FDIC-Insured Institutions

Asset Concentration Groups*

FIRST THREE QUARTERS

(The way it is...)

All Insured 

Institutions

Credit Card 

Banks

International 

Banks

Agricultural 

Banks

Commercial 

Lenders

Mortgage 

Lenders

Consumer 

Lenders

Other 

Specialized 

<$1 Billion

All Other 

<$1 Billion

All Other 

>$1 Billion

Number of institutions reporting 4,746 11 5 1,064 2,469 306 41 315 459 76

Commercial banks 4,157 10 5 1,051 2,239 83 29 289 388 63

Savings institutions 589 1 0 13 230 223 12 26 71 13

Total assets (in billions) $23,631.7 $552.2 $5,827.1 $297.3 $7,559.0 $758.3 $576.8 $70.6 $110.0 $7,880.6

Commercial banks 22,238.8 460.5 5,827.1 289.8 7,081.6 143.6 566.2 66.4 91.8 7,711.9

Savings institutions 1,392.9 91.8 0.0 7.4 477.4 614.7 10.6 4.3 18.1 168.7

Total deposits (in billions) 19,357.3 406.3 4,513.2 258.5 6,302.8 679.5 480.5 62.3 97.4 6,556.8

Commercial banks 18,167.4 335.5 4,513.2 254.2 5,924.0 122.4 471.4 59.4 81.8 6,405.5

Savings institutions 1,189.9 70.8 0.0 4.3 378.9 557.2 9.1 2.9 15.6 151.3

Bank net income (in millions) 195,796 15,620 41,073 2,723 63,191 5,356 5,988 936 824 60,084

Commercial banks 184,669 13,274 41,073 2,599 59,823 1,303 5,942 416 743 59,496

Savings institutions 11,127 2,346 0 124 3,368 4,054 45 520 81 588

Performance Ratios (annualized, %)

Yield on earning assets 3.18 12.23 2.57 3.66 3.47 2.20 3.97 2.76 3.42 2.75

Cost of funding earning assets 0.35 1.36 0.40 0.36 0.29 0.25 0.62 0.24 0.27 0.29

Net interest margin 2.83 10.88 2.17 3.30 3.18 1.95 3.35 2.52 3.15 2.46

Noninterest income to assets 1.30 6.25 1.60 0.57 0.89 0.61 1.09 4.02 0.91 1.22

Noninterest expense to assets 2.29 9.22 2.11 2.21 2.25 1.30 1.97 3.98 2.68 2.11

Credit loss provision to assets** 0.17 2.15 0.16 0.04 0.12 0.02 0.41 0.03 0.03 0.12

Net operating income to assets 1.12 4.00 0.96 1.24 1.15 0.92 1.43 1.80 1.02 1.00

Pretax return on assets 1.39 5.19 1.20 1.40 1.43 1.14 1.87 2.12 1.13 1.24

Return on assets 1.10 4.00 0.93 1.23 1.14 0.88 1.43 1.69 1.00 1.01

Return on equity 11.67 32.56 10.37 13.11 11.29 13.01 16.67 15.31 10.57 10.67

Net charge-offs to loans and leases 0.24 2.06 0.30 0.03 0.09 0.01 0.32 0.09 0.02 0.20

Loan and lease loss provision to 

net charge-offs 145.42 122.85 152.50 247.99 184.62 643.57 168.09 133.37 301.71 139.24

Efficiency ratio 58.73 55.33 59.62 59.94 58.49 51.79 46.25 63.24 69.19 60.69

% of unprofitable institutions 3.94 0.00 0.00 2.35 2.92 10.78 7.32 11.43 3.49 2.63

% of institutions with earnings gains 47.26 27.27 60.00 33.93 51.40 51.31 60.98 53.02 47.06 55.26

Condition Ratios (%)

Earning assets to total assets 90.55 94.84 88.03 93.60 91.25 96.38 94.14 92.73 93.42 90.43

Loss allowance to:

Loans and leases 1.55 6.69 1.78 1.36 1.20 0.63 1.44 1.64 1.24 1.34

Noncurrent loans and leases 214.77 576.98 246.93 239.10 182.04 82.31 333.26 270.97 217.68 169.87

Noncurrent assets plus

other real estate owned to assets 0.38 0.99 0.24 0.38 0.46 0.28 0.33 0.20 0.35 0.38

Equity capital ratio 9.15 11.62 8.97 8.35 9.51 5.80 8.23 9.48 8.42 9.20

Core capital (leverage) ratio 8.86 12.93 8.04 10.54 9.54 8.80 9.32 13.28 10.97 8.38

Common equity tier 1 capital ratio*** 13.48 14.65 15.35 13.95 11.98 23.34 12.75 28.91 17.43 13.31

Tier 1 risk-based capital ratio*** 13.58 14.78 15.42 13.95 12.06 23.34 13.71 28.91 17.43 13.38

Total risk-based capital ratio*** 14.84 16.39 16.56 15.03 13.26 23.84 14.76 29.81 18.44 14.80

Net loans and leases to deposits 61.04 107.43 40.70 70.58 78.59 39.62 89.69 30.76 60.30 55.34

Net loans to total assets 50.00 79.05 31.52 61.37 65.53 35.51 74.71 27.13 53.41 46.05

Domestic deposits to total assets 75.71 73.56 55.55 86.95 83.27 89.46 83.30 88.19 88.55 80.92

Structural Changes

New reporters 12 0 0 0 0 0 0 12 0 0

Institutions absorbed by mergers 98 0 1 15 68 2 0 4 3 5

Failed institutions 0 0 0 0 0 0 0 0 0 0

PRIOR FIRST THREE QUARTERS

(The way it was...)

Number of institutions 2021 4,914 11 5 1,135 2,483 287 34 342 521 96

2019 5,258 12 5 1,324 2,756 393 68 217 433 50

2017 5,738 11 5 1,422 2,943 445 62 271 520 59

Total assets (in billions) 2021 $23,251.9 $476.3 $5,868.2 $295.4 $7,242.0 $758.7 $332.1 $76.3 $129.3 $8,073.6

2019 18,481.9 521.8 4,509.3 285.2 6,674.3 386.1 225.9 38.2 76.3 5,764.9

2017 17,242.5 518.3 4,205.0 285.0 5,867.7 366.0 260.4 46.0 90.6 5,603.4

Return on assets (%) 2021 1.28 5.67 1.17 1.43 1.28 0.87 2.04 1.69 1.13 1.07

2019 1.33 3.30 1.24 1.36 1.21 1.19 1.43 3.32 1.19 1.34

2017 1.10 2.09 0.97 1.24 1.06 1.01 1.15 2.99 0.96 1.12

Net charge-offs to loans & leases (%) 2021 0.27 2.17 0.41 0.04 0.11 0.01 0.26 0.04 0.02 0.22

2019 0.50 4.19 0.71 0.15 0.20 0.02 0.79 0.12 0.11 0.38

2017 0.48 3.90 0.56 0.14 0.21 0.09 0.60 0.19 0.14 0.39

Noncurrent assets plus 

OREO to assets (%) 2021 0.46 0.68 0.28 0.53 0.61 0.21 0.47 0.29 0.43 0.48

2019 0.56 1.33 0.36 0.86 0.60 1.15 0.48 0.41 0.68 0.54

2017 0.73 1.19 0.48 0.86 0.74 1.56 0.37 0.54 0.86 0.80

Equity capital ratio (%) 2021 10.06 13.45 9.00 11.14 10.89 8.77 9.41 13.88 11.10 9.95

2019 11.35 12.72 10.14 11.94 12.18 11.03 11.05 18.10 13.22 11.16

2017 11.31 15.69 9.97 11.56 12.07 11.27 10.10 15.88 11.91 11.12

* See Table V-A (page 14) 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.
QUARTERLY 2022 VOLUME 16, NUMBER 4

13 

TABLE IV-A. First Three Quarters 2022, All FDIC-Insured Institutions 

Asset Size Distribution Geographic Regions*

FIRST THREE QUARTERS

(The way it is...)

All Insured 

Institutions

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 4,746 778 2,981 829 145 13 561 540 1,019 1,212 1,062 352

Commercial banks 4,157 681 2,643 692 129 12 291 494 879 1,175 996 322

Savings institutions 589 97 338 137 16 1 270 46 140 37 66 30

Total assets (in billions) $23,631.7 $47.3 $1,095.5 $2,251.5 $7,109.9 $13,127.7 $4,530.0 $4,653.8 $5,690.9 $4,171.8 $1,984.1 $2,601.2

Commercial banks 22,238.8 41.9 962.6 1,894.3 6,573.1 12,766.9 4,077.4 4,601.7 5,595.0 4,116.8 1,396.0 2,451.9

Savings institutions 1,392.9 5.4 132.9 357.2 536.7 360.8 452.6 52.1 95.9 54.9 588.1 149.3

Total deposits (in billions) 19,357.3 40.3 956.8 1,903.6 5,869.3 10,587.2 3,704.1 3,877.6 4,461.5 3,411.0 1,744.7 2,158.4

Commercial banks 18,167.4 36.2 846.6 1,610.5 5,436.4 10,237.7 3,338.0 3,839.7 4,392.6 3,363.7 1,196.0 2,037.3

Savings institutions 1,189.9 4.1 110.2 293.1 433.0 349.5 366.2 37.9 68.8 47.3 548.7 121.0

Bank net income (in millions) 195,796 305 9,381 21,084 70,770 94,256 33,604 39,463 44,543 30,871 16,841 30,474

Commercial banks 184,669 274 8,202 18,953 65,405 91,835 31,276 39,000 43,238 30,466 13,036 27,654

Savings institutions 11,127 31 1,179 2,130 5,365 2,421 2,328 463 1,305 405 3,805 2,820

Performance Ratios (annualized, %)

Yield on earning assets 3.18 3.51 3.69 3.86 3.83 2.66 3.11 3.21 2.74 3.25 3.11 4.11

Cost of funding earning assets 0.35 0.32 0.32 0.33 0.40 0.33 0.43 0.29 0.32 0.39 0.23 0.42

Net interest margin 2.83 3.19 3.37 3.53 3.43 2.33 2.68 2.92 2.42 2.86 2.88 3.69

Noninterest income to assets 1.30 1.58 1.10 1.12 1.34 1.32 1.17 1.19 1.52 1.13 0.81 1.89

Noninterest expense to assets 2.29 3.47 2.81 2.62 2.51 2.07 2.12 2.29 2.19 2.31 2.09 2.94

Credit loss provision to assets** 0.17 0.03 0.07 0.17 0.27 0.13 0.18 0.18 0.14 0.13 0.08 0.35

Net operating income to assets 1.12 0.89 1.18 1.30 1.34 0.96 1.02 1.13 1.06 1.00 1.10 1.58

Pretax return on assets 1.39 0.99 1.35 1.60 1.73 1.18 1.28 1.34 1.33 1.25 1.35 2.09

Return on assets 1.10 0.86 1.15 1.28 1.34 0.95 1.00 1.12 1.04 0.98 1.10 1.59

Return on equity 11.67 6.83 11.85 12.78 13.56 10.38 10.14 11.31 11.52 10.41 12.96 16.48

Net charge-offs to loans and leases 0.24 0.04 0.04 0.13 0.31 0.24 0.23 0.30 0.16 0.24 0.08 0.38

Loan and lease loss provision to 

net charge-offs 145.42 155.52 307.81 202.71 139.48 140.27 160.67 121.60 189.81 121.82 171.38 146.03

Efficiency ratio 58.73 76.24 65.79 58.93 55.12 60.42 58.15 59.29 59.05 61.83 59.14 54.50

% of unprofitable institutions 3.94 10.54 2.95 2.05 0.00 0.00 6.95 5.00 4.51 2.31 2.54 5.68

% of institutions with earnings gains 47.26 41.26 46.70 55.25 44.83 53.85 52.94 62.22 43.77 32.34 56.40 49.15

Condition Ratios (%)

Earning assets to total assets 90.55 92.83 93.67 92.98 92.00 89.07 90.22 89.80 89.29 90.09 93.00 94.06

Loss allowance to:

Loans and leases 1.55 1.44 1.31 1.30 1.67 1.55 1.54 1.53 1.46 1.65 1.19 1.82

Noncurrent loans and leases 214.77 159.36 268.85 228.26 227.98 197.49 196.29 217.75 211.18 203.16 146.65 336.21

Noncurrent assets plus

other real estate owned to assets 0.38 0.53 0.35 0.41 0.47 0.33 0.42 0.38 0.33 0.41 0.43 0.36

Equity capital ratio 9.15 11.91 8.94 9.43 9.46 8.95 9.64 9.69 8.79 9.17 7.70 9.20

Core capital (leverage) ratio 8.86 13.88 10.91 10.35 9.53 8.05 9.21 8.54 8.39 8.74 9.27 9.78

Common equity tier 1 capital ratio*** 13.48 22.35 15.37 13.49 13.03 13.65 13.74 12.83 13.73 12.85 14.73 13.87

Tier 1 risk-based capital ratio*** 13.58 22.35 15.40 13.54 13.24 13.68 13.80 12.92 13.79 12.94 14.84 14.12

Total risk-based capital ratio*** 14.84 23.46 16.49 14.57 14.43 15.04 15.07 14.04 15.03 14.53 15.91 15.22

Net loans and leases to deposits 61.04 60.76 70.58 78.39 75.03 49.30 62.74 60.51 56.74 58.39 56.40 75.90

Net loans to total assets 50.00 51.84 61.65 66.27 61.94 39.76 51.30 50.42 44.49 47.74 49.60 62.98

Domestic deposits to total assets 75.71 85.32 87.34 84.47 81.06 70.30 77.46 80.95 69.08 67.17 87.91 82.20

Structural Changes

New reporters 12 12 0 0 0 0 2 3 0 1 2 4

Institutions absorbed by mergers 98 22 47 22 7 0 20 8 19 25 20 6

Failed institutions 0 0 0 0 0 0 0 0 0 0 0 0

PRIOR FIRST THREE QUARTERS

(The way it was...)

Number of institutions 2021 4,914 853 3,066 833 149 13 583 561 1,052 1,264 1,088 366

2019 5,258 1,207 3,247 661 134 9 636 603 1,133 1,343 1,157 386

2017 5,738 1,444 3,538 631 116 9 705 683 1,221 1,449 1,246 434

Total assets (in billions) 2021 $23,251.9 $51.9 $1,111.2 $2,195.4 $6,918.4 $12,975.2 $4,290.7 $4,727.9 $5,607.9 $4,211.3 $1,941.4 $2,472.7

2019 18,481.9 71.7 1,083.1 1,723.5 6,435.6 9,168.1 3,358.9 3,784.3 4,240.1 3,797.9 1,193.3 2,107.4

2017 17,242.5 85.7 1,154.8 1,729.8 5,574.9 8,697.3 3,186.2 3,584.3 3,902.6 3,687.5 1,067.3 1,814.6

Return on assets (%) 2021 1.28 1.06 1.35 1.42 1.50 1.13 1.14 1.25 1.30 1.18 1.17 1.76

2019 1.33 1.01 1.31 1.31 1.37 1.30 1.12 1.34 1.35 1.26 1.39 1.65

2017 1.10 0.97 1.11 1.16 1.13 1.06 0.94 1.10 1.05 1.06 1.21 1.45

Net charge-offs to loans & leases (%) 2021 0.27 0.06 0.05 0.14 0.32 0.29 0.26 0.29 0.21 0.33 0.10 0.35

2019 0.50 0.18 0.11 0.20 0.66 0.51 0.46 0.55 0.41 0.52 0.23 0.78

2017 0.48 0.17 0.12 0.21 0.68 0.46 0.55 0.58 0.28 0.49 0.26 0.64

Noncurrent assets plus 

OREO to assets (%) 2021 0.46 0.64 0.46 0.50 0.62 0.37 0.47 0.43 0.38 0.50 0.79 0.37

2019 0.56 0.98 0.73 0.61 0.60 0.49 0.54 0.57 0.52 0.61 0.76 0.42

2017 0.73 1.09 0.88 0.71 0.70 0.72 0.64 0.86 0.64 0.85 0.83 0.48

Equity capital ratio (%) 2021 10.06 13.75 11.04 10.93 10.60 9.53 10.45 10.48 9.53 9.77 10.04 10.29

2019 11.35 14.46 12.03 12.12 12.04 10.63 12.01 12.21 10.88 10.22 12.11 11.34

2017 11.31 13.31 11.42 11.89 12.23 10.57 12.48 12.15 10.45 10.08 11.47 11.86

* See Table V-A (page 15) 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.
QUARTERLY 2022 VOLUME 16, NUMBER 4

14 

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

Asset Concentration Groups*

September 30, 2022 All Insured 

Institutions

Credit Card 

Banks

International 

Banks

Agricultural 

Banks

Commercial 

Lenders

Mortgage 

Lenders

Consumer 

Lenders

Other 

Specialized 

<$1 Billion

All Other 

<$1 Billion

All Other 

>$1 Billion

Percent of Loans 30-89 Days Past Due

All loans secured by real estate 0.35 0.33 0.27 0.32 0.31 0.33 0.07 0.60 0.57 0.51

Construction and development 0.31 0.00 0.68 0.40 0.24 0.62 0.21 0.65 0.53 0.51

Nonfarm nonresidential 0.16 0.78 0.16 0.21 0.14 0.17 0.01 0.33 0.28 0.25

Multifamily residential real estate 0.09 0.00 0.07 0.34 0.10 0.04 0.00 0.14 0.20 0.10

Home equity loans 0.38 0.00 0.50 0.32 0.36 0.21 0.11 0.43 0.45 0.42

Other 1-4 family residential 0.56 0.22 0.33 0.58 0.65 0.35 0.09 0.90 0.76 0.67

Commercial and industrial loans 0.48 0.65 0.81 0.50 0.42 0.36 0.37 0.73 0.68 0.41

Loans to individuals 1.22 1.46 0.81 0.84 0.81 0.31 1.84 1.22 1.69 1.35

Credit card loans 1.16 1.49 0.78 1.34 1.42 1.02 1.96 0.62 8.36 1.03

Other loans to individuals 1.28 1.06 0.91 0.79 0.78 0.29 1.84 1.25 1.34 1.51

All other loans and leases (including farm) 0.28 0.79 0.40 0.24 0.38 0.12 0.02 0.56 0.38 0.16

Total loans and leases 0.51 1.37 0.53 0.35 0.37 0.31 0.80 0.66 0.68 0.57

Percent of Loans Noncurrent**

All real estate loans 0.92 0.79 1.15 0.55 0.73 0.81 0.12 0.62 0.58 1.46

Construction and development 0.38 0.00 2.03 0.30 0.25 0.33 0.23 0.30 0.27 0.62

Nonfarm nonresidential 0.54 1.12 0.42 0.52 0.51 0.37 0.07 0.45 0.66 0.75

Multifamily residential real estate 0.15 3.74 0.07 0.25 0.17 0.09 0.00 0.06 0.17 0.17

Home equity loans 1.76 0.00 5.56 0.23 0.98 0.53 1.07 0.48 0.30 2.56

Other 1-4 family residential 1.39 0.69 1.34 0.48 1.38 0.93 0.11 0.89 0.62 1.82

Commercial and industrial loans 0.64 0.44 0.88 0.91 0.67 0.53 0.61 0.62 0.76 0.50

Loans to individuals 0.73 1.25 0.57 0.33 0.45 0.07 0.81 0.38 0.43 0.63

Credit card loans 1.01 1.31 0.69 0.38 1.05 0.59 1.88 0.21 0.59 0.91

Other loans to individuals 0.48 0.36 0.18 0.32 0.41 0.06 0.80 0.38 0.43 0.48

All other loans and leases (including farm) 0.22 0.36 0.29 0.46 0.26 0.78 0.01 0.75 0.38 0.13

Total loans and leases 0.72 1.16 0.72 0.57 0.66 0.76 0.43 0.61 0.57 0.79

Percent of Loans Charged-Off (net, YTD)

All real estate loans -0.01 -0.01 -0.05 0.00 0.00 0.00 0.00 -0.01 0.00 -0.02

Construction and development -0.02 0.00 -0.01 -0.02 -0.01 -0.07 0.00 -0.07 0.00 -0.05

Nonfarm nonresidential 0.01 0.01 0.01 0.01 0.02 0.01 -0.01 -0.01 -0.03 -0.01

Multifamily residential real estate 0.00 0.00 0.00 -0.03 0.01 0.04 0.00 0.00 -0.01 -0.01

Home equity loans -0.17 0.00 -0.58 0.00 -0.09 -0.09 0.00 -0.06 0.00 -0.22

Other 1-4 family residential -0.01 -0.01 -0.05 0.00 0.00 0.00 0.00 0.01 0.01 0.00

Commercial and industrial loans 0.14 0.92 0.14 0.09 0.14 -0.01 0.23 -0.06 -0.01 0.09

Loans to individuals 1.16 2.22 1.22 0.32 0.65 0.19 0.73 0.73 0.20 0.89

Credit card loans 1.95 2.28 1.56 1.25 3.10 2.03 3.58 1.15 0.28 1.81

Other loans to individuals 0.49 1.16 0.25 0.22 0.50 0.13 0.70 0.72 0.20 0.44

All other loans and leases (including farm) 0.12 0.58 0.11 0.01 0.14 0.03 0.03 0.97 0.11 0.11

Total loans and leases 0.24 2.06 0.30 0.03 0.09 0.01 0.32 0.09 0.02 0.20

Loans Outstanding (in billions)

All real estate loans $5,652.2 $3.7 $571.1 $119.2 $3,145.4 $231.0 $194.7 $14.6 $46.1 $1,326.5

Construction and development 447.3 0.1 17.4 8.7 336.7 6.6 4.1 1.6 3.7 68.5

Nonfarm nonresidential 1,746.7 0.3 62.6 31.5 1,288.2 20.5 19.0 5.4 10.7 308.5

Multifamily residential real estate 584.1 0.0 91.8 4.5 384.0 9.3 21.4 0.4 1.4 71.3

Home equity loans 270.6 0.0 21.0 1.9 155.4 9.2 3.7 0.4 1.5 77.4

Other 1-4 family residential 2,435.7 3.3 335.4 27.3 924.8 184.6 146.2 5.7 25.5 782.8

Commercial and industrial loans 2,503.0 50.1 355.4 22.7 1,155.7 7.7 38.8 2.4 4.9 865.3

Loans to individuals 2,001.1 413.6 394.6 6.6 309.3 15.0 174.2 1.6 5.6 680.6

Credit card loans 935.4 388.0 296.9 0.7 18.8 0.4 2.0 0.1 0.3 228.3

Other loans to individuals 1,065.7 25.6 97.6 5.9 290.6 14.5 172.2 1.6 5.3 452.4

All other loans and leases (including farm) 1,847.0 0.4 549.3 36.5 404.4 17.4 29.5 0.9 2.9 805.6

Total loans and leases 

(plus unearned income)

12,003.3 467.8 1,870.3 185.0 5,014.9 271.1 437.2 19.5 59.5 3,678.1

Memo: Other Real Estate Owned 

(in millions)

All other real estate owned 2,730.9 19.3 219.0 82.9 1,450.3 57.1 11.8 25.5 46.7 818.2

Construction and development 448.6 0.0 1.0 9.8 369.7 9.4 0.0 10.3 17.7 30.8

Nonfarm nonresidential 1,360.4 19.3 79.0 36.1 701.9 12.1 0.5 9.5 17.8 484.3

Multifamily residential real estate 29.1 0.0 0.0 1.2 26.6 0.2 0.0 0.1 1.1 0.0

1-4 family residential 817.7 0.0 136.0 11.7 306.3 35.4 11.3 4.7 9.2 303.1

Farmland 71.4 0.0 0.0 24.2 45.3 0.0 0.0 0.9 1.0 0.0

* 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.
QUARTERLY 2022 VOLUME 16, NUMBER 4

15 

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

Asset Size Distribution Geographic Regions*

September 30, 2022 All Insured 

Institutions

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 0.35 0.75 0.32 0.18 0.36 0.45 0.33 0.38 0.30 0.46 0.49 0.17

Construction and development 0.31 0.69 0.31 0.20 0.27 0.57 0.55 0.20 0.28 0.42 0.19 0.29

Nonfarm nonresidential 0.16 0.50 0.20 0.10 0.16 0.23 0.19 0.18 0.10 0.25 0.14 0.12

Multifamily residential real estate 0.09 0.38 0.16 0.08 0.10 0.08 0.13 0.11 0.06 0.12 0.17 0.03

Home equity loans 0.38 0.40 0.31 0.29 0.40 0.40 0.36 0.37 0.43 0.46 0.41 0.25

Other 1-4 family residential 0.56 1.09 0.49 0.30 0.63 0.59 0.51 0.59 0.46 0.69 1.15 0.23

Commercial and industrial loans 0.48 0.68 0.59 0.75 0.35 0.51 0.62 0.27 0.50 0.61 0.41 0.49

Loans to individuals 1.22 1.33 1.15 1.55 1.20 1.21 1.00 1.75 0.71 1.10 0.79 1.50

Credit card loans 1.16 3.24 4.04 3.66 1.37 0.89 1.36 1.42 0.72 0.93 0.56 1.43

Other loans to individuals 1.28 1.32 1.06 1.13 1.04 1.52 0.75 2.02 0.69 1.44 0.86 1.56

All other loans and leases (including farm) 0.28 0.25 0.24 0.23 0.33 0.27 0.18 0.15 0.38 0.33 0.30 0.32

Total loans and leases 0.51 0.71 0.38 0.36 0.52 0.56 0.47 0.58 0.42 0.56 0.48 0.55

Percent of Loans Noncurrent** 

All real estate loans 0.92 0.83 0.46 0.45 0.88 1.38 0.94 0.95 1.09 1.11 0.96 0.39

Construction and development 0.38 0.49 0.31 0.25 0.25 0.92 0.72 0.26 0.77 0.15 0.14 0.25

Nonfarm nonresidential 0.54 0.94 0.46 0.40 0.59 0.68 0.86 0.55 0.54 0.49 0.32 0.33

Multifamily residential real estate 0.15 0.33 0.17 0.17 0.15 0.12 0.22 0.22 0.09 0.09 0.05 0.12

Home equity loans 1.76 0.27 0.38 0.36 0.96 3.17 1.53 1.35 2.22 3.92 0.68 0.46

Other 1-4 family residential 1.39 0.83 0.51 0.67 1.47 1.69 1.26 1.38 1.54 1.60 2.35 0.51

Commercial and industrial loans 0.64 1.55 0.69 1.06 0.59 0.59 0.88 0.49 0.50 0.73 0.61 0.74

Loans to individuals 0.73 0.62 0.38 0.89 0.82 0.64 0.77 0.89 0.36 0.70 0.52 0.92

Credit card loans 1.01 1.34 1.09 3.24 1.21 0.77 1.22 1.22 0.62 0.82 0.83 1.22

Other loans to individuals 0.48 0.62 0.36 0.42 0.46 0.50 0.46 0.62 0.15 0.46 0.43 0.68

All other loans and leases (including farm) 0.22 0.85 0.48 0.26 0.21 0.21 0.10 0.14 0.26 0.33 0.23 0.17

Total loans and leases 0.72 0.91 0.49 0.57 0.73 0.78 0.78 0.70 0.69 0.81 0.81 0.54

Percent of Loans Charged-Off 

(net, YTD) 

All real estate loans -0.01 0.00 0.00 0.00 0.00 -0.03 0.00 0.01 -0.03 -0.02 -0.01 0.00

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

Nonfarm nonresidential 0.01 -0.03 0.00 0.01 0.02 0.00 0.04 0.01 0.01 -0.01 0.00 0.00

Multifamily residential real estate 0.00 -0.01 0.00 0.01 0.01 0.00 0.01 -0.01 0.00 0.00 0.00 0.01

Home equity loans -0.17 -0.01 -0.01 -0.03 -0.09 -0.29 -0.11 -0.21 -0.22 -0.23 -0.13 -0.04

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

Commercial and industrial loans 0.14 0.17 0.09 0.14 0.20 0.10 0.13 0.14 0.15 0.05 0.14 0.27

Loans to individuals 1.16 0.33 0.52 1.61 1.29 1.03 1.19 1.17 0.79 1.44 0.66 1.40

Credit card loans 1.95 7.31 2.82 5.89 2.15 1.66 2.30 1.97 1.48 1.84 1.53 2.30

Other loans to individuals 0.49 0.28 0.45 0.67 0.53 0.43 0.45 0.52 0.23 0.69 0.41 0.68

All other loans and leases (including farm) 0.12 0.03 0.12 0.07 0.08 0.13 0.08 0.19 0.10 0.14 0.12 0.02

Total loans and leases 0.24 0.04 0.04 0.13 0.31 0.24 0.23 0.30 0.16 0.24 0.08 0.38

Loans Outstanding (in billions) 

All real estate loans $5,652.2 $17.0 $535.0 $1,104.7 $2,174.0 $1,821.5 $1,210.5 $960.0 $1,109.7 $882.1 $661.2 $828.7

Construction and development 447.3 1.1 55.9 119.8 188.6 81.9 81.0 71.1 70.8 63.1 106.4 54.9

Nonfarm nonresidential 1,746.7 3.6 199.1 470.8 724.1 349.1 403.1 322.3 264.4 219.4 268.7 269.0

Multifamily residential real estate 584.1 0.4 31.3 122.8 267.9 161.7 198.7 50.5 142.8 57.0 31.4 103.8

Home equity loans 270.6 0.3 15.6 36.7 105.8 112.3 69.4 58.3 64.0 31.6 19.6 27.7

Other 1-4 family residential 2,435.7 8.3 180.9 318.1 870.1 1,058.3 452.8 443.8 542.4 422.4 212.4 361.9

Commercial and industrial loans 2,503.0 3.0 82.6 241.4 908.1 1,268.0 450.1 612.0 578.5 423.6 187.4 251.5

Loans to individuals 2,001.1 1.6 27.1 97.2 876.4 998.8 377.4 463.8 394.9 298.3 76.4 390.3

Credit card loans 935.4 0.0 0.8 16.2 419.9 498.5 155.3 210.4 180.1 199.3 16.7 173.6

Other loans to individuals 1,065.7 1.6 26.2 81.0 456.6 500.3 222.1 253.4 214.7 99.1 59.7 216.6

All other loans and leases (including farm) 1,847.0 3.2 39.9 69.1 521.1 1,213.7 322.7 347.1 486.2 421.1 71.3 198.6

Total loans and leases 

(plus unearned income) 12,003.3 24.9 684.6 1,512.4 4,479.6 5,301.9 2,360.7 2,382.9 2,569.2 2,025.2 996.2 1,669.1

Memo: Other Real Estate Owned 

(in millions) 

All other real estate owned 2,730.9 23.6 435.9 687.7 670.7 913.1 410.2 764.8 524.0 377.1 479.0 175.9

Construction and development 448.6 4.4 159.0 195.6 72.0 17.7 46.2 94.7 40.8 94.2 140.3 32.4

Nonfarm nonresidential 1,360.4 10.2 165.3 363.6 275.5 545.8 109.4 507.1 237.1 197.1 258.6 51.1

Multifamily residential real estate 29.1 1.4 10.1 3.2 13.4 0.9 6.8 6.1 6.3 2.6 4.1 3.3

1-4 family residential 817.7 6.3 74.1 100.6 291.1 345.6 247.3 155.2 230.1 59.7 58.9 66.5

Farmland 71.4 1.3 27.4 24.0 18.7 0.0 0.5 1.7 9.0 20.4 17.1 22.6

* 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.
QUARTERLY 2022 VOLUME 16, NUMBER 4

16 

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

3rd 

Quarter 

2022

2nd 

Quarter 

2022

1st 

Quarter 

2022

4th

Quarter 

2021

3rd

Quarter 

2021

% Change 21Q3-

2 2Q3

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 1,212 1,254 1,295 1,310 1,359 -10.8 19 549 499 132 13

Total assets of institutions reporting derivatives $21,656,934 $21,873,522 $22,148,854 $21,896,457 $21,480,060 0.8 $1,303 $277,841 $1,572,091 $6,678,020 $13,127,678

Total deposits of institutions reporting derivatives 17,673,449 17,982,510 18,368,955 18,163,922 17,678,622 0.0 1,045 239,626 1,325,713 5,519,829 10,587,237

Total derivatives 198,385,680 197,421,142 203,157,729 179,313,889 187,643,812 5.7 188 12,178 177,128 4,582,132 193,614,055

Derivative Contracts by Underlying 

Risk Exposure 

Interest rate 141,989,487 142,884,741 145,900,883 126,263,465 131,805,985 7.7 188 11,457 170,081 2,632,680 139,175,082

Foreign exchange* 45,988,929 44,459,158 46,356,534 43,668,294 45,631,510 0.8 0 0 2,917 1,706,819 44,279,193

Equity 4,409,633 4,330,864 4,489,264 4,256,115 4,649,386 -5.2 0 24 37 53,731 4,355,841

Commodity & other (excluding credit derivatives) 1,606,767 1,779,436 1,905,829 1,584,207 1,703,480 -5.7 0 0 40 130,625 1,476,102

Credit 4,389,784 3,965,766 4,504,316 3,540,460 3,851,976 14.0 0 15 3,655 58,277 4,327,837

Total 198,384,600 197,419,965 203,156,826 179,312,541 187,642,337 5.7 188 11,496 176,730 4,582,132 193,614,055

Derivative Contracts by Transaction Type 

Swaps 121,132,521 121,285,181 124,396,704 109,290,037 111,083,426 9.0 0 1,705 118,782 2,760,159 118,251,875

Futures & forwards 31,661,606 32,045,336 33,523,101 31,179,813 35,311,284 -10.3 0 1,885 9,036 1,376,883 30,273,802

Purchased options 19,118,294 18,596,675 18,875,284 16,490,297 17,182,098 11.3 0 310 19,357 157,186 18,941,441

Written options 18,780,412 18,958,408 19,054,957 16,963,154 17,050,718 10.1 0 1,416 10,549 152,782 18,615,666

Total 190,692,833 190,885,599 195,850,046 173,923,300 180,627,526 5.6 0 5,315 157,724 4,447,010 186,082,784

Fair Value of Derivative Contracts 

Interest rate contracts 77,732 77,212 71,615 55,248 63,685 22.1 0 87 2,206 -7,637 83,076

Foreign exchange contracts 15,025 11,233 11,938 -4,023 11,247 33.6 0 0 6 3,138 11,880

Equity contracts 16,949 12,308 -3,383 -8,794 -10,413 N/M 0 2 2 2,824 14,121

Commodity & other (excluding credit derivatives) 18,933 22,615 21,140 6,479 15,125 25.2 0 0 1 111 18,821

Credit derivatives as guarantor** -16,373 -18,433 13,388 24,091 22,626 N/M 0 2 18 -129 -16,264

Credit derivatives as beneficiary** 23,163 22,643 -14,304 -28,518 -25,285 N/M 0 0 -1 28 23,136

Derivative Contracts by Maturity*** 

Interest rate contracts < 1 year 97,476,662 96,672,591 102,946,312 68,047,961 68,589,784 42.1 0 1,537 17,530 1,546,886 95,910,708

1-5 years 26,086,139 26,253,904 26,322,685 41,247,368 46,131,083 -43.5 0 469 58,324 564,789 25,462,557

> 5 years 19,919,895 22,979,692 23,004,026 20,471,315 22,924,356 -13.1 0 1,009 62,028 396,499 19,460,359

Foreign exchange and gold contracts < 1 year 34,753,838 33,883,174 34,852,149 30,953,966 31,560,013 10.1 0 0 2,150 1,548,428 33,203,259

1-5 years 4,481,683 4,545,526 4,822,181 4,863,871 4,723,452 -5.1 0 0 287 120,726 4,360,670

> 5 years 2,226,843 2,476,418 2,618,402 2,551,933 2,576,222 -13.6 0 0 9 10,402 2,216,432

Equity contracts < 1 year 4,315,354 4,272,177 4,491,365 3,880,771 4,079,641 5.8 0 7 5 26,252 4,289,090

1-5 years 1,057,822 911,068 1,000,719 1,055,173 1,135,840 -6.9 0 17 4 17,118 1,040,684

> 5 years 140,485 174,232 175,183 144,720 159,126 -11.7 0 0 7 1,865 138,613

 Commodity & other contracts (including 

credit derivatives, excluding gold 

contracts) < 1 year 2,933,680 3,007,398 3,560,248 2,195,295 2,417,770 21.3 0 0 183 46,382 2,887,115

1-5 years 2,819,535 2,653,707 2,658,498 2,569,198 2,478,994 13.7 0 2 695 57,194 2,761,645

> 5 years 468,669 680,264 469,467 236,524 519,222 -9.7 0 12 1,800 9,680 457,176

Risk-Based Capital: Credit Equivalent Amount 

Total current exposure to tier 1 capital (%) 21.0 17.5 16.7 19.4 24.9 0.0 0.3 2.9 6.4 33.0

Total potential future exposure to tier 1 capital (%) 32.2 35.2 38.6 34.0 37.3 0.0 0.1 0.9 4.3 54.5

Total exposure (credit equivalent amount) 

to tier 1 capital (%) 53.2 52.7 55.3 53.4 62.3 0.0 0.4 3.8 10.8 87.6

Credit losses on derivatives  107.0 104.6 109.5 17.9 21.2 404.7 0.0 4.7 1.2 -5.8 107.0

HELD FOR TRADING 

Number of institutions reporting derivatives 174 173 180 185 188 -7.4 0 17 84 62 11

Total assets of institutions reporting derivatives 16,763,839 16,817,255 17,113,325 16,931,301 16,663,510 0.6 0 9,040 358,254 4,023,987 12,372,558

Total deposits of institutions reporting derivatives 13,531,845 13,692,331 14,065,378 13,957,567 13,628,595 -0.7 0 7,794 301,603 3,332,206 9,890,242

Derivative Contracts by Underlying 

Risk Exposure 

Interest rate 137,570,295 138,592,909 141,764,396 122,237,175 127,448,311 7.9 0 309 43,312 1,157,625 136,369,049

Foreign exchange 42,217,166 41,401,741 43,028,040 41,349,240 41,961,260 0.6 0 0 2,819 1,592,836 40,621,511

Equity 4,363,753 4,283,905 4,463,312 4,231,348 4,620,993 -5.6 0 0 4 46,310 4,317,439

Commodity & other 1,565,808 1,737,954 1,865,296 1,543,080 1,664,064 -5.9 0 0 1 124,245 1,441,562

Total 185,717,021 186,016,509 191,121,044 169,360,843 175,694,627 5.7 0 309 46,135 2,921,016 182,749,562

Trading Revenues: 

Cash & Derivative Instruments 

Interest rate**  -1,183 889 415 278 -323 N/M 0 0 0 21 -1,204

Foreign exchange** 8,153 6,363 6,341 3,747 3,998 103.9 0 0 1 578 7,574

Equity** 3,314 773 1,458 3,534 1,729 91.7 0 0 12 67 3,235

Commodity & other (including credit derivatives)** 2,453 2,339 2,420 -367 1,510 62.5 0 0 0 94 2,359

Total trading revenues** 12,738 10,364 10,634 7,192 6,914 84.2 0 0 14 761 11,963

Share of Revenue 

Trading revenues to gross revenues (%)** 7.0 6.7 7.4 5.2 4.9 0.0 0.0 0.3 1.8 8.9

Trading revenues to net operating revenues (%)** 27.2 25.3 28.5 17.5 15.6 0.0 0.0 1.1 6.4 35.4

HELD FOR PURPOSES OTHER THAN TRADING 

Number of institutions reporting derivatives 542 553 564 578 607 -10.7 0 114 288 127 13

Total assets of institutions reporting derivatives 20,733,413 20,822,610 21,092,060 20,934,986 20,529,651 1.0 0 61,341 1,154,266 6,390,129 13,127,678

Total deposits of institutions reporting derivatives 16,884,456 17,089,685 17,465,141 17,353,132 16,879,094 0.0 0 52,187 967,548 5,277,485 10,587,237

Derivative Contracts by Underlying 

Risk Exposure 

Interest rate 4,397,491 4,267,390 4,110,189 3,998,732 4,322,370 1.7 0 4,983 111,421 1,475,055 2,806,033

Foreign exchange 491,481 513,259 552,327 497,831 542,719 -9.4 0 0 95 37,138 454,248

Equity 45,880 46,959 25,951 24,767 28,393 61.6 0 24 34 7,421 38,402

Commodity & other 40,959 41,482 40,534 41,128 39,417 3.9 0 0 39 6,380 34,540

Total notional amount 4,975,812 4,869,090 4,729,001 4,562,458 4,932,899 0.9 0 5,007 111,589 1,525,994 3,333,223

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 

applicable to banks filing the FFIEC 051 form.
QUARTERLY 2022 VOLUME 16, NUMBER 4

17 

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

Asset Size Distribution

(dollar figures in millions)

3rd 

Quarter 

2022

2nd 

Quarter 

2022

1st 

Quarter

2022

4th 

Quarter

2021

3rd 

Quarter

2021

% 

Change 

21Q3-

22Q3

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 64 64 62 62 63 1.6 1 5 12 37 9

Outstanding Principal Balance by Asset Type** 

1-4 family residential loans $275,921 $286,245 $285,743 $324,821 $344,767 -20.0 $0 $5,453 $13,643 $64,872 $191,954

Home equity loans 5 6 6 6 6 -16.7 0 0 0 5 0

Credit card receivables 76 39 12 0 0 0.0 0 0 0 76 0

Auto loans 541 59 72 169 209 158.9 0 0 0 57 484

Other consumer loans 1,277 1,347 1,169 1,241 1,313 -2.7 0 0 0 720 556

Commercial and industrial loans 4,626 5,265 6,228 6,624 6,285 -26.4 0 0 0 0 4,626

All other loans, leases, and other assets 113,555 114,372 111,531 106,355 101,198 12.2 10 0 6,928 8,752 97,865

Total securitized and sold 396,001 407,333 404,761 439,216 453,778 -15.1 10 5,453 20,571 74,482 295,485

Maximum Credit Exposure by Asset Type**

1-4 family residential loans 650 726 847 1,041 1,016 -36.0 0 0 0 422 228

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 19 0 0 2 2 850.0 0 0 0 0 19

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

Commercial and industrial loans 203 226 263 275 257 -21.0 0 0 0 0 203

All other loans, leases, and other assets 2,975 2,525 2,486 2,500 2,414 23.2 0 0 63 373 2,539

Total credit exposure 3,847 3,477 3,596 3,818 3,689 4.3 0 0 63 795 2,989

Total unused liquidity commitments provided to institution’s own 

securitizations 210 187 225 241 255 -17.6 0 0 0 0 210

Securitized Loans, Leases, and Other Assets 30-89 Days 

Past Due (%)** 

1-4 family residential loans 2.5 2.4 2.2 2.1 1.9 0.0 1.1 0.2 2.7 2.7

Home equity loans 3.4 9.3 8.6 4.4 7.5 0.0 0.0 0.0 3.4 0.0

Credit card receivables 3.9 2.6 0.0 0.0 0.0 0.0 0.0 0.0 3.9 0.0

Auto loans 0.4 0.0 0.0 1.6 1.4 0.0 0.0 0.0 1.8 0.2

Other consumer loans 3.1 2.9 3.4 2.7 2.5 0.0 0.0 0.0 1.3 5.3

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 0.3 0.3 0.3 0.5 0.4 0.0 0.0 0.0 2.0 0.1

Total loans, leases, and other assets 1.8 1.9 1.7 1.7 1.6 0.0 0.0 0.0 2.6 1.8

Securitized Loans, Leases, and Other Assets 90 Days or More 

Past Due (%)** 

1-4 family residential loans 1.1 1.4 1.6 1.9 2.2 0.0 0.8 0.1 1.7 1.0

Home equity loans 27.5 26.0 27.4 28.1 26.3 0.0 0.0 0.0 27.5 0.0

Credit card receivables 2.6 0.0 0.0 0.0 0.0 0.0 0.0 0.0 2.6 0.0

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

Other consumer loans 2.8 2.5 2.8 2.5 2.3 0.0 0.0 0.0 1.0 5.0

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 0.9 0.7 1.1 1.3 1.5 0.0 0.0 1.1 0.7 0.9

Total loans, leases, and other assets 0.9 1.1 1.3 1.5 1.8 0.0 0.0 0.0 0.7 1.0

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 2.1 2.3 2.0 2.9 3.0 0.0 0.0 0.0 2.1 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 0.0 0.0 0.0 0.0 0.0 0.0

Other consumer loans 0.4 0.3 0.1 0.5 0.3 0.0 0.0 0.0 0.4 0.5

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 0.1 0.1 0.0 0.2 0.2 0.0 0.0 0.0 1.0 0.0

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

Seller’s Interests in Institution's Own Securitizations – 

Carried as Securities or 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

Assets Sold with Recourse and Not Securitized 

Number of institutions reporting asset sales 316 318 321 329 342 -7.6 3 98 144 62 9

Outstanding Principal Balance by Asset Type 

1-4 family residential loans 27,018 27,429 29,138 32,291 33,798 -20.1 17 3,676 12,042 10,237 1,045

All other loans, leases, and other assets 142,239 141,862 140,553 139,554 137,548 3.4 0 15 451 39,457 102,315

Total sold and not securitized 169,257 169,291 169,691 171,844 171,346 -1.2 17 3,691 12,493 49,695 103,361

Maximum Credit Exposure by Asset Type 

1-4 family residential loans 9,015 9,893 9,796 11,750 12,470 -27.7 1 358 3,158 4,924 574

All other loans, leases, and other assets 41,221 41,203 40,923 40,576 40,024 3.0 0 15 41 12,264 28,900

Total credit exposure 50,235 51,095 50,720 52,326 52,494 -4.3 1 373 3,199 17,188 29,474

Support for Securitization Facilities Sponsored by 

Other Institutions 

Number of institutions reporting securitization facilities 

sponsored by others

36 36 37 36 37 -2.7 0 11 12 6 7

Total credit exposure 21,922 22,526 23,468 21,148 22,380 -2.0 0 0 0 1,438 20,484

Total unused liquidity commitments 3,576 1,995 2,194 425 432 727.8 0 0 0 295 3,281

Other

Assets serviced for others  6,178,116 6,111,546 6,046,070 5,881,678 5,809,639 6.3 2,809 154,256 403,385 1,433,331 4,184,335

Asset-backed commercial paper conduits 

Credit exposure to conduits sponsored by institutions and others 3,803 5,836 6,289 21,662 20,788 -81.7 0 0 0 0 3,803

Unused liquidity commitments to conduits sponsored by 

 institutions and others 59,659 61,747 64,654 51,794 55,177 8.1 0 0 0 43 59,616

Net servicing income (for the quarter) 3,223 3,489 4,523 1,626 1,755 83.6 7 113 524 1,026 1,553

Net securitization income (for the quarter) -11 -2 -10 150 110 -110.0 0 -1 4 -22 8

Total credit exposure to Tier 1 capital (%)** *** 3.3 3.3 3.4 3.3 3.4 0.0 0.1 0.3 2.1 5.1

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

** Beginning June 2018, for banks that file the FFIEC 041 report form, all other loans include home equity loans, credit card receivables, auto loans, other consumer loans, and commercial and 

industrial loans.

*** Beginning June 2018, only includes banks that file the FFIEC 031 report form.

  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.
PAGE INTENTIONALLY LEFT BLANK
19 

QUARTERLY 2022 VOLUME 16, NUMBER 4

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 Increased Quarter Over Quarter and Year Over Year 

Net Interest Margin Widened Substantially

Unrealized Losses on Securities Increased

Loan Growth Was Broad Based 

Credit Quality Remained Favorable Despite Slight Growth in Early-Stage Delinquencies

Total Deposits Increased From Second Quarter 2022

NET INCOME INCREASED 

QUARTER OVER QUARTER AND 

YEAR OVER YEAR

Quarterly net income for the 4,308 community banks rose $1.0 billion 

(13.5 percent) from one quarter ago to $8.5 billion in third quarter 

2022. Higher net interest income (up $2.0 billion, 9.4 percent) more 

than offset increases in noninterest expense and provisions for 

credit losses, and a decrease in noninterest income. Nearly three 

quarters (73.7 percent) of community banks reported higher net 

income compared with second quarter 2022. The share of unprofitable 

community banks fell to 3.6 percent, near the record low in the history 

of the Quarterly Banking Profile (QBP). The pretax return on average 

assets ratio rose 17 basis points from one quarter ago to 1.51 percent.

Net income rose $317.5 million (3.9 percent) from third quarter 2021, as 

higher net interest income more than offset lower noninterest income 

and higher noninterest expense.

Chart 1

-1.5

-1.0

-0.5

0.0

0.5

1.0

1.5

2.0

2.5

3.0

3.5

16% 171% -17% 5% -314% 2%

$0.32 $3.11 $0.49 -$1.06 $0.84 -$0.36 $0.03

4%

Contributors to the Year-Over-Year Change in Income

FDIC-Insured Community Banks

$ Billions

Source: FDIC.

Net

Income

Net

Interest

Income

Loan Loss

Provisions

Noninterest

Income

Noninterest

Expense

Realized

Gains on

Securities

Income

Taxes

Positive Factor Negative Factor

Chart 2

Source: FDIC.

Percent

Net Interest Margin

Industry (3.08)

Community Banks (3.63)

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
QUARTERLY 2022 VOLUME 16, NUMBER 4

20 

NET INTEREST MARGIN WIDENED 

SUBSTANTIALLY

The average community bank quarterly net interest margin (NIM) 

increased 30 basis points from the prior quarter and 32 basis points 

from the year-ago quarter to 3.63 percent. Growth in net interest 

income outpaced growth in earning assets, resulting in a strong 

quarterly increase in NIM.

The average yield on earning assets rose 48 basis points from second 

quarter 2022 to 4.09 percent due to strong loan growth and rising 

market interest rates. Average funding costs increased 18 basis points 

from second quarter 2022 to 0.46 percent.

UNREALIZED LOSSES ON 

SECURITIES INCREASED

Unrealized losses on securities totaled $76.1 billion in the third quarter, 

up from $55.3 billion in the second quarter, reflecting increased market 

interest rates. Unrealized losses on held-to-maturity securities totaled 

$12.4 billion in the third quarter, up from $8.1 billion in the second 

quarter. Unrealized losses on available-for-sale securities totaled 

$63.6 billion in the third quarter, up from $47.2 billion in the second 

quarter.

NET OPERATING REVENUE ROSE 

6.4 PERCENT ON STRONG NET 

INTEREST INCOME GROWTH

Community bank net operating revenue (net interest income plus 

noninterest income) increased $1.7 billion (6.4 percent) from second 

quarter 2022. More than 90 percent of community banks reported 

higher net interest income from one quarter ago, driving an aggregate 

increase of 9.4 percent ($2.0 billion) from the previous quarter. Higher 

interest income, particularly on loans secured by farmland and nonfarm 

nonresidential commercial real estate (CRE), drove the quarterly growth 

in net interest income. Lower net gains on loan sales and credit card 

interchange fees contributed to a 5.5 percent ($298.1 million) decline in 

noninterest income from second quarter 2022.

Chart 3

Change in Loan Balances and Unused Commitments 

FDIC-Insured Community Banks

Source: FDIC.

$ Billions

Loan Balances

Unused

Commitments

Nonfarm Nonresidential RECommercial

& Industrial

1–4 Family

Residential RE

Construction & DevelopmentAgricultural

Production

Commercial RE

& Construction

Commercial & Industrial

Change 3Q 2022 vs. 3Q 2021

Change 3Q 2022 vs. 2Q 2022

-20

-10

10

0

30

40

20

50

60

70

80

71.1

27.9

-6.4

49.4

0.9

32.9

14.0

20.5

5.1

19.3

9.2

2.7 4.1 5.4

Chart 4

Source: FDIC.

Share of Loan Portfolio Noncurrent

Percent

Noncurrent Loan Rates for FDIC-Insured Community Banks

C&D Loans

Nonfarm Nonresidential RE

1–4 Family RE

C&I Loans

Farm Loans

Home Equity

0

2

4

6

8

10

12

14

16

2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 
QUARTERLY 2022 VOLUME 16, NUMBER 4

21 

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

2 The CECL analysis compares the quarterly provisions of the 121 community banks that identified as CECL adopters in both third quarter 2022 and third quarter 2021 and the 

122 community banks that identified as CECL adopters in both third quarter 2022 and second quarter 2022. One CECL adopter was a de novo bank in third quarter 2022.

3 The coverage ratio is the ratio of the allowance for credit losses to the total of loans that are 90 days or more past due plus the total of loans in nonaccrual status.

4 “Pre-pandemic average” refers to the period including first quarter 2015 through fourth quarter 2019 and is used consistently throughout this document.

From the year-ago quarter, a $1.1 billion decline in noninterest income 

only partially offset a $3.1 billion increase in net interest income, 

resulting in a $2.0 billion (7.5 percent) increase in net operating 

revenue. Lower net gains on loan sales drove the annual decline 

in noninterest income, while higher interest income on nonfarm 

nonresidential CRE and farmland loans and securities drove the yearover-year growth in net interest income.

NONINTEREST EXPENSE ROSE 

QUARTER OVER QUARTER AND 

YEAR OVER YEAR

Noninterest expense rose $458.1 million (2.8 percent) from second 

quarter and $842.9 million (5.3 percent) from third quarter 2021 

to $16.9 billion. Higher compensation expense drove the quarterly 

increase in noninterest expense, and higher data processing expenses 

drove the annual increase. Noninterest expense as a share of average 

assets rose 6 basis points to 2.49 percent from one quarter ago, as 

growth in noninterest expense outpaced growth in average assets. 

Nevertheless, the community bank efficiency ratio (noninterest 

expense as a share of net operating revenue) fell 203 basis points from 

one quarter ago as growth in net operating revenue was larger than 

growth in noninterest expense.

PROVISION EXPENSE INCREASED Quarterly provision expense of $777.5 million was $197.9 million 

(34.2 percent) higher than one quarter ago and $490.4 million higher 

than one year ago.1 As of third quarter 2022, 123 community banks had 

adopted current expected credit loss (CECL) accounting. Community 

bank CECL adopters reported provision expense of $170.3 million in the 

third quarter, an increase of $32.3 million from the previous quarter 

and an increase of $226.5 million from the previous year.2 Provision 

expense for community banks that had not adopted CECL accounting 

totaled $607.2 million, an increase of $165.7 million from one quarter 

ago and $263.9 million from one year ago.

The reserve coverage ratio (allowance for credit losses to loans and 

leases 90 days or more past due or in nonaccrual status) increased 

18.1 percentage points from the previous quarter and 59.6 percentage 

points from the year-ago quarter to 263.4 percent, the highest level on 

QBP record, as noncurrent loan balances declined and the allowance for 

credit losses (ACL) increased.3 The coverage ratio for community banks is 

53.9 percentage points above the coverage ratio for noncommunity banks. 

Strong loan growth resulted in a 2 basis point decline in the ratio of the 

ACL to total loans and leases, but the third quarter 2022 ratio of 1.23 percent 

is still slightly above the pre-pandemic average of 1.21 percent.4
QUARTERLY 2022 VOLUME 16, NUMBER 4

22 

COMMUNITY BANK ASSETS ROSE 

ON STRONG GROWTH IN LOAN 

BALANCES

Total assets increased $31.6 billion (1.2 percent) from second quarter 

2022 and $139.1 billion (5.4 percent) from the previous year. Total 

loans and leases, which increased $71.2 billion (4.1 percent) from 

one quarter ago and $196.2 billion (12.2 percent) from one year ago, 

drove quarterly and annual asset growth. The balance of securities 

fell $9.2 billion (1.5 percent) from second quarter 2022, weighing on 

quarterly asset growth, but remained $66.7 billion higher than one year 

ago, supporting annual asset growth. Declines in cash and balances 

due from depository institutions of $34.7 billion (16.1 percent) from the 

previous quarter and $138.7 billion (43.3 percent) from the previous year 

offset a portion of total loan and lease growth.

LOAN BALANCES INCREASED FROM 

THE PREVIOUS QUARTER AND A 

YEAR AGO

Total loan and lease balances in all portfolios rose from one quarter 

ago, and 83.3 percent of community banks reported quarterly loan 

growth. Growth in nonfarm nonresidential CRE loan balances of 

$20.5 billion (up 3.7 percent) and 1–4 family residential real estate loan 

balances of $19.3 billion (up 4.8 percent) were the largest contributors 

to the quarterly increase in loan balances.

Loan balances in all portfolios except commercial and industrial (C&I) 

loans grew from one year ago, and 81.9 percent of community banks 

reported annual loan growth. Growth in nonfarm nonresidential 

CRE loan balances of $71.1 billion (up 14.3 percent) and 1–4 family 

residential real estate loan balances of $49.4 billion (up 13.3 percent) 

drove the annual increase. C&I loan balances declined $6.4 billion 

(2.6 percent) from third quarter 2021 primarily due to Paycheck 

Protection Program (PPP) loan repayment and forgiveness. PPP loan 

balances declined $48.4 billion (94.1 percent) from third quarter 2021 to 

$3.0 billion. Excluding the effect of declines in PPP loans, annual total 

loan growth would have been 15.7 percent and annual C&I loan growth 

would have been 21.6 percent.
QUARTERLY 2022 VOLUME 16, NUMBER 4

23 

DEPOSITS CONTINUED TO 

INCREASE MODERATELY

Community banks reported deposit growth of 0.8 percent ($18.2 billion) 

during third quarter 2022, slightly higher than the growth of 

0.4 percent reported in second quarter 2022. Slightly more than half 

of all community banks (50.2 percent) reported an increase in deposit 

balances from the prior quarter. Growth in deposit accounts with less 

than $250,000 (up $14.8 billion) drove total deposit growth. Unlike 

second quarter, growth in domestic deposit balances was primarily 

in interest-bearing deposits in third quarter (up $14.0 billion, or 

0.8 percent), while noninterest-bearing deposits rose $4.5 billion 

(0.7 percent). Deposit balances rose 6.3 percent ($140.0 billion) from one 

year ago.

Other borrowed money rose $17.4 billion (25.7 percent) from one 

quarter ago because of an increase in Federal Home Loan Bank 

advances of $17.6 billion (27.9 percent). The share of wholesale funds to 

total assets was 17.4 percent in third quarter.

EARLY-STAGE DELINQUENCIES 

CONTINUED TO RISE MODESTLY

Loans and leases 30 to 89 days past due (past-due loan balances) grew 

1 basis point from one quarter ago and one year ago to 0.32 percent, a 

level that remains below the pre-pandemic average of 0.55 percent. 

The C&I past-due rate rose 16 basis points from the prior quarter and 

19 basis points from the year-ago quarter to 0.55 percent, slightly above 

the pre-pandemic average of 0.50 percent.

THE NONCURRENT LOAN RATE 

REACHED A NEW RECORD LOW

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

(noncurrent loan balances) continued to decline, and the noncurrent 

rate decreased 4 basis points from second quarter 2022 to 0.47 percent. 

This is the lowest noncurrent rate on record for community banks 

since data collection began in first quarter 1984. Slightly more than 

half of community banks (55.3 percent) reported quarter-over-quarter 

reductions in the balance of noncurrent loans. Small increases in C&I 

and consumer noncurrent loan balances from the prior quarter were 

less than declines in farm, construction and development, 1–4 family 

residential real estate, and nonfarm nonresidential CRE noncurrent 

balances.
QUARTERLY 2022 VOLUME 16, NUMBER 4

24 

THE NET CHARGE-OFF RATE 

REMAINED LOW

Community banks’ net charge-off rate was unchanged from third 

quarter 2021 at 0.06 percent. Net charge-off rates declined for larger 

portfolios such as nonfarm nonresidential CRE (31.4 percent of total 

loan balances), which dropped 4 basis points to 0.01 percent. At the 

same time, the net charge-off rate for consumer loans (which account 

for 4.4 percent of total loan balances) rose 35 basis points from one 

year ago to 0.84 percent.

MOST CAPITAL RATIOS REMAINED 

STRONG

The tier 1 risk-based capital ratio for community banks that did not 

file the community bank leverage ratio (CBLR) was 13.73 percent, 

down 26 basis points from the prior quarter, as growth in higher riskweighted assets outpaced tier 1 capital formation. The average CBLR 

for the 1,591 community banks that elected to use the CBLR framework 

was 11.81 percent, up 26 basis points from second quarter 2022. The 

leverage capital ratio for community banks increased 13 basis points to 

10.43 percent in third quarter 2022. Equity capital declined $6.7 billion 

(2.6 percent) in third quarter 2022, as the continued rise in market 

interest rates further eroded the value of available-for-sale investment 

securities, resulting in a continued reduction in accumulated other 

comprehensive income from second quarter 2022. However, no 

community banks are advanced approach institutions and, therefore, 

these losses did not directly affect their regulatory capital ratios.

THREE COMMUNITY BANKS OPENED 

AND NO COMMUNITY BANKS FAILED 

IN THIRD QUARTER 2022

The number of community banks declined to 4,308, down 25 from 

the previous quarter. Fifteen banks transitioned from community to 

noncommunity banks, eleven banks transitioned from noncommunity 

to community banks, two community banks ceased operations, 

22 community banks merged during the quarter, and three new 

community banks started reporting.

Author:

Angela Hinton

Senior Financial Analyst

Division of Insurance and Research
QUARTERLY 2022 VOLUME 16, NUMBER 4

25 

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

2022* 2021* 2021 2020 2019 2018 2017

Return on assets (%) 1.13 1.28 1.25 1.09 1.19 1.19 0.96

Return on equity (%) 11.66 11.92 11.59 9.73 10.24 10.57 8.65

Core capital (leverage) ratio (%) 10.43 10.26 10.16 10.32 11.15 11.09 10.80

Noncurrent assets plus other real estate owned to assets (%) 0.34 0.46 0.40 0.60 0.65 0.70 0.78

Net charge-offs to loans (%) 0.05 0.06 0.06 0.12 0.13 0.13 0.16

Asset growth rate (%) 0.18 10.60 8.51 14.05 -1.26 2.20 1.12

Net interest margin (%) 3.36 3.29 3.27 3.39 3.66 3.72 3.62

Net operating income growth (%) -5.14 38.66 28.09 0.03 -4.14 27.89 0.19

Number of institutions reporting 4,308 4,448 4,390 4,557 4,748 4,979 5,227

Percentage of unprofitable institutions (%) 4.09 3.33 3.23 4.52 3.96 3.66 5.72

* Through September 30, ratios annualized where appropriate. Asset growth rates are for 12 months ending September 30.
QUARTERLY 2022 VOLUME 16, NUMBER 4

26 

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

(dollar figures in millions)  3rd Quarter

2022

2nd Quarter

2022

3rd Quarter

2021

%Change 

21Q3-22Q3

Number of institutions reporting 4,308 4,333 4,448 -3.1

Total employees (full-time equivalent) 382,135 386,329 389,688 -1.9

CONDITION DATA

Total assets $2,734,700 $2,752,902 $2,729,910 0.2

Loans secured by real estate 1,396,407 1,355,500 1,272,490 9.7

 1-4 Family residential mortgages 420,512 408,791 384,278 9.4

 Nonfarm nonresidential 567,694 553,054 525,154 8.1

 Construction and development 147,260 140,019 125,599 17.2

 Home equity lines 43,304 42,288 40,677 6.5

Commercial & industrial loans 239,940 239,239 262,589 -8.6

Loans to individuals 78,962 76,177 65,179 21.1

 Credit cards 2,551 2,614 2,006 27.2

Farm loans 47,138 44,513 46,574 1.2

Other loans & leases 47,639 49,880 52,507 -9.3

Less: Unearned income 718 689 1,001 -28.2

Total loans & leases 1,809,367 1,764,620 1,698,339 6.5

Less: Reserve for losses* 22,214 21,995 22,457 -1.1

Net loans and leases 1,787,153 1,742,625 1,675,881 6.6

Securities** 609,950 632,657 568,171 7.4

Other real estate owned 862 952 1,356 -36.5

Goodwill and other intangibles 18,615 19,532 20,322 -8.4

All other assets 318,119 357,136 464,180 -31.5

Total liabilities and capital 2,734,700 2,752,902 2,729,910 0.2

Deposits 2,355,471 2,378,126 2,327,287 1.2

 Domestic office deposits 2,354,931 2,375,003 2,324,869 1.3

 Foreign office deposits 541 3,123 2,419 -77.7

 Brokered deposits 66,289 58,927 51,600 28.5

Estimated insured deposits 1,577,696 1,581,674 1,565,280 0.8

Other borrowed funds 106,405 92,152 84,114 26.5

Subordinated debt 358 368 283 26.7

All other liabilities 24,711 23,208 24,614 0.4

Total equity capital (includes minority interests) 247,755 259,044 293,611 -15.6

 Bank equity capital 247,622 258,909 293,485 -15.6

Loans and leases 30-89 days past due 5,844 5,460 5,310 10.1

Noncurrent loans and leases 8,433 8,966 11,019 -23.5

Restructured loans and leases 4,201 4,332 4,963 -15.3

Mortgage-backed securities 248,655 268,009 258,751 -3.9

Earning assets 2,557,638 2,577,424 2,561,684 -0.2

FHLB Advances 80,827 66,108 55,215 46.4

Unused loan commitments 439,538 436,059 390,755 12.5

Trust assets 352,945 392,826 319,051 10.6

Assets securitized and sold 24,586 28,902 24,361 0.9

Notional amount of derivatives 109,378 126,678 142,327 -23.1

INCOME DATA

First Three 

Quarters 2022

First Three 

Quarters 2021 %Change

3rd Quarter 

2022

3rd Quarter 

2021

%Change 

21Q3-22Q3

Total interest income $69,756 $66,937 4.2 $26,010 $22,819 14.0

Total interest expense 6,156 6,067 1.5 2,927 1,841 58.9

Net interest income 63,600 60,870 4.5 23,083 20,977 10.0

Provision for credit losses*** 1,651 724 128.1 777 274 183.6

Total noninterest income 15,961 18,722 -14.7 5,132 6,195 -17.2

Total noninterest expense 49,314 48,578 1.5 16,897 16,504 2.4

Securities gains (losses) -839 672 -224.9 -243 123 -297.7

Applicable income taxes 4,912 5,591 -12.1 1,815 1,900 -4.5

Extraordinary gains, net**** -4 2 N/M -5 1 N/M

Total net income (includes minority interests) 22,840 25,373 -10.0 8,477 8,618 -1.6

 Bank net income 22,828 25,337 -9.9 8,473 8,605 -1.5

Net charge-offs 585 728 -19.5 278 276 0.8

Cash dividends 8,793 9,443 -6.9 2,763 3,321 -16.8

Retained earnings 14,035 15,893 -11.7 5,711 5,284 8.1

Net operating income 23,534 24,808 -5.1 8,689 8,512 2.1

* 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
QUARTERLY 2022 VOLUME 16, NUMBER 4

27 

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

Prior Periods Adjusted for Mergers

(dollar figures in millions)  3rd Quarter 

2022

2nd Quarter 

2022

3rd Quarter

2021

%Change 

21Q3-22Q3

Number of institutions reporting 4,308 4,305 4,297 0.3

Total employees (full-time equivalent) 382,135 383,002 378,322 1.0

CONDITION DATA

Total assets $2,734,700 $2,703,110 $2,595,590 5.4

Loans secured by real estate 1,396,407 1,337,251 1,212,855 15.1

 1-4 Family residential mortgages 420,512 401,242 371,119 13.3

 Nonfarm nonresidential 567,694 547,205 496,631 14.3

 Construction and development 147,260 138,039 119,361 23.4

 Home equity lines 43,304 41,208 38,102 13.7

Commercial & industrial loans 239,940 234,880 246,323 -2.6

Loans to individuals 78,962 74,706 63,253 24.8

 Credit cards 2,551 2,421 1,798 41.8

Farm loans 47,138 44,478 46,192 2.0

Other loans & leases 47,639 47,522 45,465 4.8

Less: Unearned income 718 676 942 -23.8

Total loans & leases 1,809,367 1,738,161 1,613,145 12.2

Less: Reserve for losses* 22,214 21,769 21,378 3.9

Net loans and leases 1,787,153 1,716,393 1,591,767 12.3

Securities** 609,950 619,104 543,264 12.3

Other real estate owned 862 936 1,315 -34.5

Goodwill and other intangibles 18,615 18,310 16,847 10.5

All other assets 318,119 348,367 442,397 -28.1

Total liabilities and capital 2,734,700 2,703,110 2,595,590 5.4

Deposits 2,355,471 2,337,253 2,215,502 6.3

 Domestic office deposits 2,354,931 2,336,512 2,214,823 6.3

 Foreign office deposits 541 741 679 -20.4

 Brokered deposits 66,289 53,630 48,004 38.1

Estimated insured deposits 1,577,696 1,565,259 1,505,716 4.8

Other borrowed funds 106,405 88,944 79,370 34.1

Subordinated debt 358 368 272 31.8

All other liabilities 24,711 22,099 22,490 9.9

Total equity capital (includes minority interests) 247,755 254,442 277,956 -10.9

 Bank equity capital 247,622 254,314 277,835 -10.9

Loans and leases 30-89 days past due 5,844 5,341 5,079 15.1

Noncurrent loans and leases 8,433 8,670 10,477 -19.5

Restructured loans and leases 4,201 4,289 4,826 -12.9

Mortgage-backed securities 248,655 258,442 241,928 2.8

Earning assets 2,557,638 2,532,547 2,439,495 4.8

FHLB Advances 80,827 63,218 51,726 56.3

Unused loan commitments 439,538 427,310 368,365 19.3

Trust assets 352,945 391,869 386,064 -8.6

Assets securitized and sold 24,586 24,919 24,583 0.0

Notional amount of derivatives 109,378 111,752 124,883 -12.4

INCOME DATA

First Three 

Quarters 2022

First Three 

Quarters 2021 %Change

3rd Quarter 

2022

3rd Quarter 

2021

%Change 

21Q3-22Q3

Total interest income $69,756 $63,635 9.6 $26,010 $21,737 19.7

Total interest expense 6,156 5,790 6.3 2,927 1,759 66.4

Net interest income 63,600 57,845 9.9 23,083 19,978 15.5

Provision for credit losses*** 1,651 798 106.9 777 287 170.8

Total noninterest income 15,961 18,927 -15.7 5,132 6,195 -17.2

Total noninterest expense 49,314 47,128 4.6 16,897 16,054 5.3

Securities gains (losses) -839 654 -228.4 -243 114 -313.5

Applicable income taxes 4,912 5,298 -7.3 1,815 1,780 2.0

Extraordinary gains, net**** -4 2 N/M -5 1 N/M

Total net income (includes minority interests) 22,840 24,204 -5.6 8,477 8,167 3.8

 Bank net income 22,828 24,177 -5.6 8,473 8,156 3.9

Net charge-offs 585 662 -11.6 278 257 8.0

Cash dividends 8,793 9,257 -5.0 2,763 3,184 -13.2

Retained earnings 14,035 14,920 -5.9 5,711 4,972 14.9

Net operating income 23,534 23,655 -0.5 8,689 8,068 7.7

* 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
QUARTERLY 2022 VOLUME 16, NUMBER 4

28 

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

Third Quarter 2022

(dollar figures in millions) All Community 

Banks

Geographic Regions*

New York Atlanta Chicago Kansas City Dallas San Francisco

Number of institutions reporting 4,308 480 485 945 1,168 972 258

Total employees (full-time equivalent) 382,135 78,281 39,928 78,207 71,632 83,570 30,517

CONDITION DATA

Total assets $2,734,700 $687,054 $288,073 $497,907 $484,302 $529,317 $248,047

Loans secured by real estate 1,396,407 402,400 146,380 243,253 231,062 250,749 122,564

 1-4 Family residential mortgages 420,512 146,218 42,008 69,693 65,407 70,786 26,401

 Nonfarm nonresidential 567,694 151,526 68,758 97,092 81,393 107,144 61,781

 Construction and development 147,260 28,827 17,786 22,138 24,403 43,015 11,090

 Home equity lines 43,304 11,977 5,596 10,109 5,410 5,126 5,087

Commercial & industrial loans 239,940 53,583 23,327 48,878 48,273 47,967 17,911

Loans to individuals 78,962 18,952 7,032 13,389 13,408 14,331 11,850

 Credit cards 2,551 391 108 184 970 248 650

Farm loans 47,138 582 1,434 7,936 26,491 8,202 2,494

Other loans & leases 47,639 15,234 3,166 10,225 7,653 7,877 3,483

Less: Unearned income 718 119 111 64 112 189 123

Total loans & leases 1,809,367 490,631 181,228 323,616 326,775 328,937 158,179

Less: Reserve for losses** 22,214 5,188 2,187 3,988 4,417 4,237 2,197

Net loans and leases 1,787,153 485,444 179,041 319,629 322,358 324,700 155,983

Securities*** 609,950 128,353 65,980 117,490 110,230 130,994 56,902

Other real estate owned 862 141 115 169 184 208 45

Goodwill and other intangibles 18,615 5,263 975 4,221 3,394 3,394 1,368

All other assets 318,119 67,854 41,962 56,397 48,136 70,020 33,750

Total liabilities and capital 2,734,700 687,054 288,073 497,907 484,302 529,317 248,047

Deposits 2,355,471 578,222 253,135 429,855 415,085 465,804 213,370

 Domestic office deposits 2,354,931 577,713 253,129 429,855 415,085 465,804 213,344

 Foreign office deposits 541 509 6 0 0 0 26

 Brokered deposits 66,289 25,887 5,063 11,472 10,852 8,250 4,765

 Estimated insured deposits 1,577,696 384,634 162,187 306,156 300,254 298,017 126,449

Other borrowed funds 106,405 33,028 8,502 20,105 23,256 13,594 7,920

Subordinated debt 358 181 6 16 6 139 10

All other liabilities 24,711 8,836 2,305 3,780 3,639 3,509 2,641

Total equity capital (includes minority 

interests)

247,755 66,788 24,125 44,151 42,314 46,269 24,107

 Bank equity capital 247,622 66,760 24,123 44,058 42,313 46,263 24,106

Loans and leases 30-89 days past due 5,844 1,730 517 913 892 1,468 325

Noncurrent loans and leases 8,433 2,623 641 1,545 1,313 1,664 647

Restructured loans and leases 4,201 1,570 286 866 627 513 341

Mortgage-backed securities 248,655 64,799 29,395 43,029 36,438 47,685 27,309

Earning assets 2,557,638 642,871 269,549 464,273 453,203 494,832 232,909

FHLB Advances 80,827 27,270 6,819 14,806 17,381 9,522 5,029

Unused loan commitments 439,538 104,918 39,712 81,070 91,206 82,527 40,103

Trust assets 352,945 125,182 9,787 56,925 116,424 35,436 9,192

Assets securitized and sold 24,586 11,033 20 3,850 4,561 4,630 492

Notional amount of derivatives 109,378 45,790 10,405 16,071 21,361 8,039 7,712

INCOME DATA

Total interest income $26,010 $6,407 $2,727 $4,579 $4,586 $5,262 $2,449

Total interest expense 2,927 855 253 516 580 516 207

Net interest income 23,083 5,552 2,474 4,063 4,006 4,746 2,242

Provision for credit losses  777 231 82 77 121 155 111

Total noninterest income 5,132 1,115 415 1,138 990 958 516

Total noninterest expense 16,897 4,038 1,720 3,053 2,971 3,368 1,746

Securities gains (losses) -243 -154 -23 -19 -34 -10 -3

Applicable income taxes 1,815 511 203 376 260 258 207

Extraordinary gains, net** *** -5 0 -5 0 0 0 0

Total net income (includes minority interests) 8,477 1,732 857 1,675 1,610 1,914 690

 Bank net income 8,473 1,730 857 1,674 1,610 1,913 690

Net charge-offs 278 96 19 24 49 52 37

Cash dividends 2,763 616 150 615 602 586 195

Retained earnings 5,711 1,114 707 1,059 1,008 1,327 496

Net operating income 8,689 1,859 880 1,693 1,641 1,923 693

* 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.
QUARTERLY 2022 VOLUME 16, NUMBER 4

29 

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

Performance ratios (annualized, %)

All Community Banks Third Quarter 2022, Geographic Regions*

 3rd Quarter 

2022

2nd Quarter 

2022 New York Atlanta Chicago Kansas City Dallas San Francisco

Yield on earning assets 4.09 3.61 4.01 4.07 3.97 4.06 4.28 4.24

Cost of funding earning assets 0.46 0.28 0.54 0.38 0.45 0.51 0.42 0.36

Net interest margin 3.63 3.33 3.47 3.69 3.52 3.55 3.86 3.88

Noninterest income to assets 0.76 0.80 0.65 0.58 0.92 0.82 0.73 0.84

Noninterest expense to assets 2.49 2.43 2.37 2.40 2.47 2.47 2.56 2.84

Loan and lease loss provision to assets 0.11 0.09 0.14 0.11 0.06 0.10 0.12 0.18

Net operating income to assets 1.28 1.15 1.09 1.23 1.37 1.36 1.46 1.13

Pretax return on assets 1.51 1.34 1.31 1.48 1.66 1.55 1.65 1.46

Return on assets 1.25 1.10 1.01 1.20 1.35 1.34 1.45 1.12

Return on equity 13.51 11.48 10.23 14.05 14.99 14.98 16.32 11.38

Net charge-offs to loans and leases 0.06 0.04 0.08 0.04 0.03 0.06 0.06 0.10

Loan and lease loss provision to net charge-offs 279.81 314.49 240.56 428.76 319.41 246.98 299.00 295.67

Efficiency ratio 59.54 61.57 60.31 59.06 58.30 59.05 58.73 63.10

Net interest income to operating revenue 81.81 79.59 83.28 85.64 78.12 80.18 83.20 81.30

% of unprofitable institutions 3.62 5.01 5.63 5.15 3.92 2.31 2.26 6.98

% of institutions with earnings gains 63.02 48.05 61.04 74.23 60.32 59.50 66.87 56.98

Table V-B. First Three Quarters 2022, FDIC-Insured Community Banks

Performance ratios (%)

All Community Banks First Three Quarters 2022, Geographic Regions*

First Three 

Quarters 2022

First Three 

Quarters 2021 New York Atlanta Chicago Kansas City Dallas San Francisco

Yield on earning assets 3.69 3.62 3.64 3.66 3.57 3.68 3.86 3.74

Cost of funding earning assets 0.33 0.33 0.36 0.28 0.32 0.37 0.30 0.24

Net interest margin 3.36 3.29 3.28 3.38 3.25 3.31 3.56 3.50

Noninterest income to assets 0.79 0.95 0.68 0.65 0.97 0.84 0.78 0.82

Noninterest expense to assets 2.45 2.46 2.34 2.42 2.44 2.42 2.51 2.68

Loan and lease loss provision to assets 0.08 0.04 0.08 0.08 0.05 0.08 0.10 0.10

Net operating income to assets 1.17 1.26 1.03 1.07 1.25 1.24 1.32 1.01

Pretax return on assets 1.38 1.57 1.20 1.29 1.51 1.43 1.49 1.33

Return on assets 1.13 1.28 0.93 1.05 1.24 1.23 1.31 1.01

Return on equity 11.66 11.92 9.02 11.57 12.91 12.99 13.90 9.92

Net charge-offs to loans and leases 0.05 0.06 0.06 0.04 0.02 0.05 0.06 0.04

Loan and lease loss provision to net charge-offs 282.06 99.51 214.61 361.76 395.24 245.32 291.00 439.86

Efficiency ratio 61.63 60.66 62.05 62.95 60.20 60.93 60.86 64.91

Net interest income to operating revenue 79.94 76.48 81.82 82.97 75.76 78.77 81.02 80.06

% of unprofitable institutions 4.09 3.33 7.71 5.57 4.55 2.31 2.57 6.59

% of institutions with earnings gains 46.84 75.27 52.08 63.51 43.70 31.93 57.10 46.12

* See Table V-A for explanation.
QUARTERLY 2022 VOLUME 16, NUMBER 4

30 

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

September 30, 2022

Geographic Regions*

All Community 

Banks New York Atlanta Chicago Kansas City Dallas San Francisco

Percent of Loans 30-89 Days Past Due

All loans secured by real estate 0.23 0.20 0.23 0.27 0.23 0.33 0.10

Construction and development 0.25 0.22 0.13 0.35 0.26 0.28 0.17

Nonfarm nonresidential 0.15 0.15 0.12 0.15 0.18 0.19 0.05

Multifamily residential real estate 0.10 0.09 0.09 0.17 0.10 0.09 0.05

Home equity loans 0.29 0.32 0.27 0.24 0.28 0.48 0.15

Other 1-4 family residential 0.38 0.27 0.45 0.47 0.35 0.58 0.22

Commercial and industrial loans 0.55 1.10 0.43 0.31 0.32 0.50 0.50

Loans to individuals 1.34 1.67 1.05 0.63 1.10 2.40 0.76

Credit card loans 3.51 2.28 1.64 0.94 5.67 1.40 2.89

Other loans to individuals 1.26 1.65 1.04 0.63 0.74 2.42 0.64

All other loans and leases (including farm) 0.20 0.12 0.22 0.13 0.19 0.33 0.33

Total loans and leases 0.32 0.35 0.29 0.28 0.27 0.45 0.21

Percent of Loans Noncurrent

All loans secured by real estate 0.43 0.49 0.32 0.50 0.37 0.43 0.31

Construction and development 0.28 0.44 0.17 0.39 0.23 0.14 0.42

Nonfarm nonresidential 0.41 0.49 0.28 0.52 0.36 0.41 0.27

Multifamily residential real estate 0.16 0.21 0.12 0.19 0.08 0.09 0.09

Home equity loans 0.34 0.41 0.19 0.30 0.31 0.25 0.54

Other 1-4 family residential 0.53 0.61 0.47 0.59 0.36 0.59 0.32

Commercial and industrial loans 0.72 1.05 0.56 0.51 0.56 0.69 0.97

Loans to individuals 0.53 0.42 0.35 0.26 0.38 1.30 0.35

Credit card loans 1.57 1.32 2.47 0.24 1.57 0.49 2.35

Other loans to individuals 0.49 0.40 0.32 0.26 0.28 1.32 0.23

All other loans and leases (including farm) 0.36 0.07 0.32 0.24 0.42 0.42 0.96

Total loans and leases 0.47 0.53 0.35 0.48 0.40 0.51 0.41

Percent of Loans Charged-Off (net, YTD)

All loans secured by real estate 0.00 0.01 -0.02 0.00 0.00 0.00 -0.01

Construction and development -0.01 0.02 -0.05 0.00 0.00 -0.02 -0.03

Nonfarm nonresidential 0.01 0.01 0.00 0.02 0.01 0.01 0.00

Multifamily residential real estate 0.00 0.01 0.00 0.00 0.02 -0.02 0.00

Home equity loans -0.01 -0.02 -0.03 -0.02 0.00 0.00 -0.01

Other 1-4 family residential -0.01 0.00 -0.02 -0.01 -0.01 0.00 -0.01

Commercial and industrial loans 0.08 0.20 0.15 0.05 0.02 0.13 -0.20

Loans to individuals 0.71 0.72 0.70 0.21 0.92 0.77 1.07

Credit card loans 5.66 3.14 0.57 0.91 10.27 1.19 3.83

Other loans to individuals 0.55 0.66 0.70 0.20 0.20 0.76 0.93

All other loans and leases (including farm) 0.07 0.05 0.15 0.06 0.04 0.13 0.21

Total loans and leases 0.05 0.06 0.04 0.02 0.05 0.06 0.04

Loans Outstanding (in billions)

All loans secured by real estate $1,396.4 $402.4 $146.4 $243.3 $231.1 $250.7 $122.6

Construction and development 147.3 28.8 17.8 22.1 24.4 43.0 11.1

Nonfarm nonresidential 567.7 151.5 68.8 97.1 81.4 107.1 61.8

Multifamily residential real estate 134.5 61.4 7.6 25.2 16.8 8.6 14.8

Home equity loans 43.3 12.0 5.6 10.1 5.4 5.1 5.1

Other 1-4 family residential 420.5 146.2 42.0 69.7 65.4 70.8 26.4

Commercial and industrial loans 239.9 53.6 23.3 48.9 48.3 48.0 17.9

Loans to individuals 79.0 19.0 7.0 13.4 13.4 14.3 11.9

Credit card loans 2.6 0.4 0.1 0.2 1.0 0.2 0.6

Other loans to individuals 76.4 18.6 6.9 13.2 12.4 14.1 11.2

All other loans and leases (including farm) 94.8 15.8 4.6 18.2 34.1 16.1 6.0

Total loans and leases 1,810.1 490.8 181.3 323.7 326.9 329.1 158.3

Memo: Unfunded Commitments (in millions)

Total Unfunded Commitments 439,538 104,918 39,712 81,070 91,206 82,527 40,103

Construction and development: 1-4 family 

residential

42,898 7,486 6,468 4,808 6,644 14,211 3,280

Construction and development: CRE and other 105,874 28,429 10,100 18,095 17,308 24,395 7,546

Commercial and industrial 128,952 31,994 10,301 27,801 25,057 22,791 11,008

* 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.
31 

QUARTERLY 2022 VOLUME 16, NUMBER 4

INSURANCE FUND INDICATORS

Deposit Insurance Fund Increases by $1.0 Billion

Insured Deposits Rise by 0.1 Percent

DIF Reserve Ratio Unchanged at 1.26 Percent

During the third quarter, the Deposit Insurance Fund (DIF) balance 

increased by $1.0 billion to $125.5 billion. Assessment revenue of 

$2.1 billion was the largest source of income. Interest earned on 

investments of $332 million, negative provisions for insurance 

losses of $49 million, and other miscellaneous income of $6 million 

also added to the fund balance. Operating expenses of $456 million 

and unrealized losses on available-for-sale securities of $1.1 billion 

partially offset the increase in the fund balance. No insured 

institutions failed in the third quarter.

The deposit insurance assessment base—average consolidated total 

assets minus average tangible equity—fell by 0.04 percent in the third 

quarter, though it rose by 4.5 percent over the last 12 months.1,2

Total estimated insured deposits increased by 0.1 percent in the third 

quarter of 2022 and increased by 3.5 percent year over year. The DIF’s 

reserve ratio (the fund balance as a percent of insured deposits) was 

1.26 percent on September 30, 2022, unchanged from the previous 

quarter and 1 basis point lower than the previous year.

The FDIC adopted a restoration plan on September 15, 2020, to restore 

the reserve ratio to 1.35 percent, the statutory minimum, by September 

2028 as required by law. As of September 30, 2022, the FDIC projected 

that the reserve ratio was still at risk of not reaching 1.35 percent by 

the statutory deadline. Therefore in October, the FDIC board finalized 

a rule to increase initial base deposit insurance assessment rate 

schedules by 2 basis points, beginning in the first quarterly assessment 

period of 2023.

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.
QUARTERLY 2022 VOLUME 16, NUMBER 4

32 

This action was taken to improve the likelihood that the reserve ratio 

reaches the statutory minimum of 1.35 percent before the statutory 

deadline while reducing the potential for a pro-cyclical increase in 

assessment rates should the banking industry enter a period of stress. 

The FDIC continues to incorporate recent data into its projections of 

the reserve ratio. The intent of the change in assessment rates is also to 

further support growth toward the FDIC’s long-term goal of a 2 percent 

reserve ratio, an important complementary objective.

Author:

Charles James

Financial Economist

Division of Insurance and Research
QUARTERLY 2022 VOLUME 16, NUMBER 4

33 

Table I-C. Insurance Fund Balances and Selected Indicators

(dollar figures in millions)

Deposit Insurance Fund*

3rd

Quarter

2022

2nd

Quarter 

2022

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

Beginning Fund Balance $124,458 $123,039 $123,141 $121,935 $120,547 $119,362 $117,897 $116,434 $114,651 $113,206 $110,347 $108,940 $107,446

Changes in Fund 

Balance:

Assessments earned 2,145 2,086 1,938 1,967 1,662 1,589 1,862 1,884 2,047 1,790 1,372 1,272 1,111

Interest earned on 

investment securities 332 225 191 197 221 251 284 330 392 454 507 531 544

Realized gain on sale of

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

Operating expenses 456 460 453 475 448 466 454 470 451 465 460 460 443

Provision for insurance 

losses -49 -86 100 8 -53 -42 -57 -48 -74 -47 12 -88 -192

All other income, 

net of expenses 6 29 8 61 65 2 1 9 5 2 2 21 4

Unrealized gain/(loss) on 

available-for-sale 

securities** -1,077 -547 -1,686 -536 -165 -233 -285 -338 -284 -383 1,450 -45 86

Total fund balance change 999 1,419 -102 1,206 1,388 1,185 1,465 1,463 1,783 1,445 2,859 1,407 1,494

Ending Fund Balance 125,457 124,458 123,039 123,141 121,935 120,547 119,362 117,897 116,434 114,651 113,206 110,347 108,940

Percent change from 

 four quarters earlier 2.89 3.24 3.08 4.45 4.72 5.14 5.44 6.84 6.88 6.71 7.95 7.54 8.72

Reserve Ratio (%) 1.26 1.26 1.23 1.26 1.27 1.27 1.25 1.29 1.30 1.30 1.38 1.41 1.41 `

Estimated Insured 

Deposits 9,926,325 9,913,378 9,974,811 9,746,183 9,590,468 9,495,327 9,520,344 9,129,574 8,927,666 8,841,564 8,181,857 7,828,163 7,744,540

Percent change from four quarters earlier 3.50 4.40 4.77 6.75 7.42 7.39 16.36 16.62 15.28 15.02 6.38 4.14 4.96

Domestic Deposits 17,941,143 18,127,766 18,426,380 18,237,196 17,677,038 17,203,426 16,980,408 16,339,026 15,716,702 15,563,637 14,351,881 13,262,843 13,020,253

Percent change from four quarters earlier 1.49 5.37 8.52 11.62 12.47 10.54 18.31 23.19 20.71 21.70 12.78 4.77 5.27

Assessment Base*** 20,918,104 20,927,235 20,831,077 20,575,038 20,019,214 19,673,384 19,199,693 18,796,137 18,456,376 18,155,444 16,487,165 16,159,565 15,906,660

Percent change from 

 four quarters earlier 4.49 6.37 8.50 9.46 8.47 8.36 16.45 16.32 16.03 15.75 5.94 4.57 4.45

Number of Institutions 

Reporting 4,755 4,780 4,805 4,848 4,923 4,959 4,987 5,011 5,042 5,075 5,125 5,186 5,267

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 42 46 44 56 51 60 95 123

Total assets***** $163,809 $50,588 $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 September 30.

** *** 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.
QUARTERLY 2022 VOLUME 16, NUMBER 4

34 

1.29 1.25 1.27 1.27 1.26

1.41 1.41 1.38

1.30 1.30

1.23 1.26 1.26

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

DIF Reserve Ratios

Percent of Insured Deposits

Deposit Insurance Fund Balance 

and Insured Deposits

($ Millions)

DIF 

Balance

DIF-Insured 

Deposits

9/19 $108,940 $7,744,540

12/19 110,347 7,828,163

3/20 113,206 8,181,857

6/20 114,651 8,841,564

9/20 116,434 8,927,666

12/20 117,897 9,129,574

3/21 119,362 9,520,344

6/21 120,547 9,495,327

9/21 121,935 9,590,468

12/21 123,141 9,746,183

3/22 123,039 9,974,811

6/22 124,458 9,913,378

9/22 125,457 9,926,325

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

(dollar figures in millions)

September 30, 2022

Number of 

Institutions

Total 

Assets

Domestic 

Deposits*

Est. Insured 

Deposits

Commercial Banks and Savings Institutions

FDIC-Insured Commercial Banks 4,157 $22,238,842 $16,702,110 $8,958,332

 FDIC-Supervised 2,765 4,037,562 3,368,158 2,028,523

 OCC-Supervised 729 14,594,903 10,633,888 5,627,740

 Federal Reserve-Supervised 663 3,606,377 2,700,065 1,302,069

FDIC-Insured Savings Institutions 589 1,392,901 1,189,500 927,075

 OCC-Supervised 256 556,063 447,447 366,444

 FDIC-Supervised 297 404,297 327,131 238,293

 Federal Reserve-Supervised 36 432,541 414,921 322,337

Total Commercial Banks and Savings Institutions 4,746 23,631,743 17,891,610 9,885,407

Other FDIC-Insured Institutions

U.S. Branches of Foreign Banks 9 90,640 49,533 40,919

Total FDIC-Insured Institutions 4,755 23,722,383 17,941,143 9,926,325

* 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 June 30, 2022 (dollar figures in billions)

Annual Rate in Basis Points*

Number of 

Institutions

Percent of Total 

Institutions

Amount of 

Assessment Base

Percent of Total 

Assessment Base

1.50 - 3.00 2,837 59.4 $6,794.8 32.47

3.01 - 6.00 1,401 29.3 12,948.1 61.87

6.01 - 10.00 458 9.6 1,118.6 5.35

10.01 - 15.00 39 0.8 47.8 0.23

15.01 - 20.00 45 0.9 17.9 0.09

 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.
35 

QUARTERLY 2022 VOLUME 16, NUMBER 4

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/

community-banking/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 
QUARTERLY 2022 VOLUME 16, NUMBER 4

36 

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 threshold 2

— Total assets ≥ indexed size threshold, where:

• Loan to assets > 33%

• Core deposits to assets > 50%

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

offices.3

• 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 FDIC-insured deposits, as well as 

assessment rate information. Depository institutions that are not insured 

1 Consumer nonbank banks are financial institutions with limited charters that can make commercial loans or take deposits, but not both.

2 Asset size threshold indexed to equal $250 million in 1985 and $1.39 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.
QUARTERLY 2022 VOLUME 16, NUMBER 4

37 

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 double-counting of subsidiary data. Additionally, certain adjustments are 

made to the OTS Thrift Financial Reports to provide closer conformance with the 

reporting and accounting requirements of the FFIEC Call Reports. (TFR filers 

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

All condition and performance ratios represent weighted averages, 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-ofperiod amount plus end-of-period amount plus any interim periods, divided 

by the total number of periods). For “pooling-of-interest” mergers, the assets 

of the acquired institution(s) are included in average assets, since the yearto-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.
QUARTERLY 2022 VOLUME 16, NUMBER 4

38 

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 periodto-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/fil22045.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.)

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. 
QUARTERLY 2022 VOLUME 16, NUMBER 4

39 

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-publicly-traded bank stock are classified 

in a bank’s balance sheet as “Other liabilities.”

Common equity Tier 1 capital ratio – ratio of common equity Tier 1 capital 

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

stock instruments and related surplus, retained earnings, accumulated other 

comprehensive income (AOCI), and limited amounts of common equity Tier 1 
QUARTERLY 2022 VOLUME 16, NUMBER 4

40 

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 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.
QUARTERLY 2022 VOLUME 16, NUMBER 4

41 

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, available-for-sale securities, 

loans held for sale, assets and liabilities accounted for under the fair value 

option, and foreclosed assets—involves the use of fair values. During periods of 

market stress, the fair values of some financial instruments and nonfinancial 

assets may decline.

FHLB advances – all borrowings by FDIC-insured institutions from the Federal 

Home Loan Bank System (FHLB), as reported by Call Report filers, and by TFR 

filers prior to March 31, 2012.

Goodwill and other intangibles – intangible assets include servicing rights, 

purchased credit card relationships, and other identifiable intangible assets. 

Goodwill is the excess of the purchase price over the fair market value of the 
QUARTERLY 2022 VOLUME 16, NUMBER 4

42 

net assets acquired, less subsequent impairment adjustments. Other intangible 

assets are recorded at fair value, less subsequent quarterly amortization and 

impairment adjustments.

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

by 1-4 family residential properties, and all other loans secured by real estate.

Loans to individuals – includes outstanding credit card balances and other 

secured and unsecured consumer loans.

Long-term assets (5+ years) – loans and debt securities with remaining 

maturities or repricing intervals of over five years.

Maximum credit exposure – the maximum contractual credit exposure 

remaining under recourse arrangements and other seller-provided credit 

enhancements provided by the reporting bank to securitizations.

Mortgage-backed securities – certificates of participation in pools of 

residential mortgages and collateralized mortgage obligations issued or 

guaranteed by government-sponsored or private enterprises. Also, see 

“Securities,” below.

Net charge-offs – total loans and leases charged off (removed from balance 

sheet because of 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
QUARTERLY 2022 VOLUME 16, NUMBER 4

43 

(TFR), the valuation allowance subtracted also includes allowances for other 

repossessed assets. Also, for TFR filers the components of other real estate 

owned are reported gross of valuation allowances. (TFR filers began filing Call 

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

Percent of institutions with earnings gains – the percent of institutions that 

increased their net income (or decreased their losses) compared to the same 

period a year earlier.

“Problem” institutions – federal regulators assign a composite rating to each 

financial institution, based upon an evaluation of financial and operational 

criteria. The rating is based on a scale of 1 to 5 in ascending order of supervisory 

concern. “Problem” institutions are those institutions with financial, 

operational, or managerial weaknesses that threaten their continued financial 

viability. Depending upon the degree of risk and supervisory concern, they are 

rated either a “4” or “5.” The number and assets of “problem” institutions are 

based on FDIC composite ratings. Prior to March 31, 2008, for institutions whose 

primary federal regulator was the OTS, the OTS composite rating was used.

Recourse – an arrangement in which a bank retains, in form or in substance, 

any credit risk directly or indirectly associated with an asset it has sold (in 

accordance with generally accepted accounting principles) that exceeds a pro 

rata share of the bank’s claim on the asset. If a bank has no claim on an asset it 

has sold, then the retention of any credit risk is recourse.

Reserves for losses – the allowance for loan and lease losses on a consolidated 

basis.

Restructured loans and leases – loan and lease financing receivables with 

terms restructured from the original contract. Excludes restructured loans and 

leases that are not in compliance with the modified terms.

Retained earnings – net income less cash dividends on common and preferred 

stock for the reporting period.

Return on assets – bank net income (including gains or losses on securities and 

extraordinary items) as a percentage of average total (consolidated) assets. The 

basic yardstick of bank profitability.

Return on equity – bank net income (including gains or losses on securities and 

extraordinary items) as a percentage of average total equity capital.

Risk-weighted assets – assets adjusted for risk-based capital definitions which 

include on-balance-sheet as well as off-balance-sheet items multiplied by 

risk-weights that range from zero to 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-to-maturity” (reported 

at amortized cost (book value)), securities designated as “available-forsale” (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-to-maturity and 

available-for-sale securities, before adjustments for income taxes. Thrift 

Financial Report (TFR) filers also include gains (losses) on the sales of assets 

held for sale. (TFR filers began filing Call Reports effective with the quarter 

ending March 31, 2012.)
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44 

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 passthrough 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.