Table 1
Summary Statistics for Sample of Downgraded Institutions |
| |
A. At Time of Downgrade to 3 |
B. At Time of Downgrade to 4 or 5 |
| No. |
Minimum |
Median |
Maximum |
No. |
Minimum |
Median |
Maximum |
| Total Assets ($000s) |
83 |
36,647 |
440,381 |
9,375,411 |
107 |
20,316 |
381,583 |
15,469,836 |
| Book Equity/Asset Ratio (%) |
83 |
4.82 |
7.37 |
96.98 |
107 |
0.00 |
6.02 |
16.50 |
| Return on Assets (%) |
83 |
7.71 |
0.40 |
2.27 |
107 |
16.75 |
1.03 |
1.20 |
| CRSP Market Data |
| Market Price ($ per share) |
83 |
0.74 |
7.96 |
36.25 |
107 |
0.53 |
5.23 |
16.87 |
| Market Capitalization ($000s) |
83 |
2,523 |
21,434 |
656,355 |
107 |
444 |
14,700 |
453,148 |
| Book/Market Equity Ratio |
83 |
0.09 |
1.45 |
10.60 |
107 |
0.02 |
1.58 |
9.04 |
| Total Sample |
83 |
|
|
|
107 |
|
|
|
| Number with Assets < $1 Billion |
64 |
|
|
|
79 |
|
|
|
| Number with Assets $1-5 Billion |
16 |
|
|
|
19 |
|
|
|
| Number with Assets > $5 Billion |
3 |
|
|
|
9 |
|
|
|
| Number of Banks |
77 |
|
|
|
99 |
|
|
|
| Number of Thrifts |
6 |
|
|
|
8 |
|
|
|
| Note: The data are from quarterly financial data reported to regulators or are derived from CRSP during the quarter in which the CAMEL rating of the institution was downgraded. Market capitalization equals equity price times number of shares at the end of the quarter of the downgrade.
|
