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FDIC Banking Review
Table 7 - Perceived Competitors of Community Banks, Survey Results, 1994-2003
(Percentage of Respondents) |
| Competition |
1994 |
1995 |
1996 |
1997 |
1998 |
1999 |
2000 |
2001 |
2002 |
2003 |
| Other community banks |
24 |
41 |
60 |
51 |
63 |
66 |
66 |
57 |
70 |
75 |
| Credit unions |
55 |
66 |
78 |
70 |
67 |
65 |
60 |
63 |
63 |
68 |
| Brokerage firms |
50 |
46 |
63 |
64 |
68 |
66 |
65 |
66 |
56 |
41 |
| Regional or megabanks |
33 |
39 |
41 |
45 |
49 |
36 |
47 |
45 |
47 |
49 |
| Mortgage companies |
21 |
16 |
N/A |
N/A |
47 |
51 |
45 |
36 |
42 |
48 |
| Mutual-fund companies |
N/A |
N/A |
52 |
57 |
55 |
48 |
51 |
49 |
37 |
27 |
| Farm credit banks |
N/A |
N/A |
40 |
32 |
29 |
31 |
22 |
17 |
23 |
22 |
| Insurance companies |
N/A |
N/A |
N/A |
N/A |
N/A |
N/A |
N/A |
31 |
21 |
20 |
| Internet banks (e.g., NetBank) |
N/A |
N/A |
N/A |
N/A |
N/A |
N/A |
N/A |
30 |
19 |
9 |
| Government-sponsored entities |
N/A |
N/A |
N/A |
N/A |
N/A |
N/A |
N/A |
16 |
18 |
10 |
| Finance companies |
N/A |
N/A |
N/A |
29 |
31 |
34 |
32 |
7 |
8 |
8 |
| Nonfinancial companies |
N/A |
N/A |
N/A |
N/A |
N/A |
N/A |
N/A |
N/A |
6 |
26 |
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Note: Percentages do not add to 100 percent because most institutions identified several competitors. The dates in the table's column headings refer to the surveys' publication dates. The surveys' definition of community bank may differ from that used in this article. See the relevant survey for the definition used.
Source: Grant Thornton, Annual Survey of Community Bank Executives (1994-2003).
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