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The FDIC Preliminary Bank Earnings Report

TABLE II-A. Aggregate Condition and Income Data, FDIC-Insured Commercial Banks
(dollar figures in millions) Preliminary
  3rd Quarter 2nd Quarter 3rd Quarter %Change
  2000 2000 1999 99:3-00:3
Number of institutions reporting 8,375 8,477 8,621 -2.9
Total employees (full-time equivalent) 1,654,862 1,661,812 1,633,280 1.3
CONDITION DATA
Total assets $6,064,084 $5,983,203 $5,512,519 10.0
Loans secured by real estate 1,659,400 1,626,921 1,431,550 15.9
Commercial & industrial loans 1,044,323 1,034,404 947,834 10.2
Loans to individuals 584,412 568,137 530,585 10.1
Farm loans 47,331 47,016 46,537 1.7
Other loans & leases 444,790 430,783 409,237 8.7
Less: Unearned income 3,046 3,205 3,659 -16.8
Total loans & leases 3,777,210 3,704,056 3,362,084 12.3
Less: Reserve for losses   62,533 61,931 58,433 7.0
Net loans and leases   3,714,677 3,642,126 3,303,651 12.4
Securities   1,061,160 1,046,524 1,035,658 2.5
Other real estate owned   2,817 2,781 2,920 -3.5
Goodwill and other intangibles   104,516 102,299 87,051 20.1
All other assets   1,180,914 1,189,473 1,083,240 9.0
 
Total liabilities and capital   6,064,082 5,983,203 5,512,519 10.0
Noninterest-bearing deposits   704,190 723,822 689,650 2.1
Interest-bearing deposits   3,315,391 3,250,082 3,017,854 9.9
Other borrowed funds   1,127,344 1,128,578 973,596 15.8
Subordinated debt   84,510 82,216 75,744 11.6
All other liabilities   311,451 295,077 286,782 8.6
Equity capital   521,195 503,428 468,893 11.2
 
Loans and leases 30-89 days past due   43,186 39,414 39,400 9.6
Noncurrent loans and leases   38,851 36,654 32,972 17.8
Restructured loans and leases   1,747 1,115 1,313 33.1
Direct and indirect investments in real estate   316 320 285 11.0
1-4 Family residential mortgages   920,551 903,729 789,317 16.6
Mortgage-backed securities   448,962 452,682 455,257 -1.4
Earning assets   5,254,716 5,180,478 4,766,636 10.2
Long-term assets (5+ years)   1,177,641 1,209,326 1,146,777 2.7
Volatile liabilities   2,166,092 2,145,835 1,839,053 17.8
Foreign office deposits   694,207 685,411 602,778 15.2
FHLB Advances (Source: FHFB)   175,559 178,564 144,047 21.9
Unused loan commitments   4,328,593 4,175,242 3,827,935 13.1
Off-balance-sheet derivatives   38,750,576 39,563,861 36,252,328 6.9
 
  Preliminary   Preliminary
  First Three First Three 3rd Quarter 3rd Quarter %Change
INCOME DATA Qtrs 2000 Qtrs 1999 %Change 2000 1999 99:3-00:3
Total interest income $316,176 $272,467 16.0 $110,119 $92,486 19.1
Total interest expense 163,866 128,494 27.5 58,807 43,566 35.0
Net interest income 152,310 143,973 5.8 51,312 48,921 4.9
Provision for credit losses 19,772 15,711 25.9 6,761 5,372 25.9
Total noninterest income 113,212 106,097 6.7 39,265 36,972 6.2
Total noninterest expense 160,622 150,354 6.8 53,651 50,011 7.3
Securities gains (losses) -2,484 510 N/M -713 -198 N/M
Applicable income taxes 29,223 30,265 -3.4 10,183 10,934 -6.9
Extraordinary gains, net 16 -33 N/M 3 0 N/M
Net income 53,438 54,215 -1.4 19,272 19,378 -0.6
Net charge-offs 15,973 14,358 11.3 5,666 4,864 16.5
Cash dividends 35,227 35,836 -1.7 12,452 12,848 -3.1
Net operating income 55,482 53,967 2.8 19,994 19,532 2.4
        N/M - Not meaningful  

Last Updated 12/05/2000 Questions, Suggestions & Requests