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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
1st Quarter
2002

4th Quarter
2001
1st Quarter
2001

%Change
01:1-02:1

Number of institutions reporting 8,005 8,080 8,238 -2.8
Total employees (full-time equivalent) 1,722,816 1,705,104 1,683,014 2.4
CONDITION DATA
Total assets $6,504,572 $6,569,346 $6,316,420 3.0
Loans secured by real estate 1,810,455 1,803,626 1,702,445 6.3
Commercial & industrial loans 966,941 982,404 1,045,525 -7.5
Loans to individuals 649,224 631,627 597,496 8.7
Farm loans 45,083 47,755 46,213 -2.4
Other loans & leases 425,396 433,361 442,453 -3.9
Less: Unearned income 3,844 3,110 2,790 37.8
Total loans & leases 3,893,291 3,895,663 3,831,342 1.6
Less: Reserve for losses 74,855 72,138 64,738 15.6
Net loans and leases 3,818,435 3,823,525 3,766,604 1.4
Securities 1,185,904 1,179,694 1,049,095 13.0
Other real estate owned 3,809 3,569 3,065 24.3
Goodwill and other intangibles 131,787 122,417 100,855 30.7
All other assets 1,364,631 1,440,141 1,396,801 -2.3
Total liabilities and capital 6,504,579 6,569,346 6,316,420 3.0
Noninterest-bearing deposits 804,097 873,455 722,751 11.3
Interest-bearing deposits 3,548,014 3,518,157 3,463,529 2.4
Other borrowed funds 1,135,546 1,130,498 1,144,609 -0.8
Subordinated debt 92,983 95,317 90,525 2.7
All other liabilities 319,067 354,522 347,489 -8.2
Equity capital 604,778 597,397 547,517 10.5
Loans and leases 30-89 days past due 49,055 53,289 47,281 3.8
Noncurrent loans and leases 57,225 55,018 46,115 24.1
Restructured loans and leases 1,881 1,027 1,148 63.9
Direct and indirect investments in real estate 260 264 277 -6.0
1-4 Family residential mortgages 960,522 966,292 926,956 3.6
Mortgage-backed securities 615,956 613,585 494,613 24.5
Earning assets 5,619,843 5,598,728 5,447,182 3.2
Long-term assets (5+ years) 1,324,890 1,342,542 1,160,815 14.1
Volatile liabilities 2,043,632 2,061,749 2,152,994 -5.1
Foreign office deposits 603,522 629,506 671,096 -10.1
FHLB Advances 204,009 198,759 179,619 13.6
Unused loan commitments 5,067,012 4,828,892 4,549,139 11.4
Derivatives 46,503,351 45,168,268 44,352,565 4.8
INCOME DATA

Full Year
2001

Full Year
2000

%Change

Preliminary
1st Quarter
2002

1st Quarter
2001

%Change
01:1-02:1

Total interest income $402,914 $428,448 -6.0 $88,981 $109,695 -18.9
Total interest expense 187,715 224,488 -16.4 30,346 57,844 -47.5
Net interest income 215,200 203,960 5.5 58,636 51,851 13.1
Provision for loan and lease losses 43,143 30,011 43.8 11,643 7,954 46.4
Total noninterest income 157,166 153,453 2.4 41,468 40,155 3.3
Total noninterest expense 222,320 216,104 2.9 56,146 55,058 2.0
Securities gains (losses) 4,476 -2,283 N/M 690 1,171 -41.1
Applicable income taxes 36,882 37,981 -2.9 11,148 9,997 11.5
Extraordinary gains, net -248 -32 N/M -120 -333 N/M
Net income 74,248 71,002 4.6 21,736 19,836 9.6
Net charge-offs 36,492 24,786 47.2 11,110 6,969 59.4
Cash dividends 54,101 53,854 0.5 19,586 13,455 45.6
Net operating income 71,421 72,591 -1.6 21,381 19,335 10.6
N/M - Not meaningful

Last Updated 06/03/2002 Questions, Suggestions & Requests