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The FDIC Preliminary Bank Earnings Report

TABLE III-A. First Quarter 2002, FDIC-Insured Commercial Banks
Asset Size Distribution Geographic Distribution by Region
All Institutions Less
than $100
Million		 $100 Million
to
$1 Billion		 $1 Billion
to
$10 Billion		 Greater
than $10
Billion		 East West

FIRST QUARTER Preliminary
(The way it is...)

 North-
east		 South-
east		 Central  Mid-
west		 South-
west		 West
Number of institutions reporting 8,005 4,436 3,178 310 81 636 1,378 1,712 2,082 1,328 869
Total assets (in billions) $6,504.6 $221.0 $821.2 $896.7 $4,565.7 $2,224.9 $1,616.9 $1,297.7 $372.6 $276.5 $716.1
Total deposits (in billions) 4,352.2 187.7 671.2 610.3 2,883.1 1,413.5 1,125.1 840.0 251.8 226.6 495.3
Net income (in millions) 21,736 552 2,483 3,314 15,387 6,497 5,606 4,412 1,512 864 2,845
% of unprofitable institutions 6.7 10.1 2.5 2.3 2.5 10.5 8.3 4.6 4.4 6.0 12.0
% of institutions with earnings gains 64.0 58.1 70.9 76.5 71.6 67.5 67.7 68.8 62.8 57.6 59.0
Performance ratios (annualized, %)
Yield on earning assets 6.35 6.88 6.87 6.55 6.18 6.18 6.28 6.16 7.29 6.51 6.80
Cost of funding earning assets 2.17 2.62 2.48 2.24 2.07 2.27 2.16 2.25 2.24 2.07 1.72
Net interest margin 4.19 4.26 4.39 4.31 4.12 3.91 4.12 3.91 5.05 4.44 5.08
Noninterest income to earning assets 2.96 1.05 1.68 2.76 3.35 3.86 2.60 2.24 3.03 1.59 2.93
Noninterest expense to earning assets 4.01 3.65 3.81 3.92 4.08 4.48 3.88 3.28 4.44 3.76 4.10
Loan and lease loss provision to assets 0.71 0.23 0.34 0.62 0.82 0.97 0.43 0.55 0.94 0.31 0.88
Net operating income to assets 1.31 0.99 1.23 1.46 1.31 1.12 1.35 1.33 1.60 1.25 1.63
Pretax return on assets 2.01 1.30 1.72 2.24 2.06 1.80 2.04 2.01 2.37 1.74 2.53
Return on assets 1.33 1.01 1.22 1.49 1.34 1.16 1.38 1.35 1.62 1.25 1.59
Return on equity 14.47 9.24 12.57 14.93 15.04 13.32 14.51 15.64 16.48 13.06 15.08
Net charge-offs to loans and leases 1.14 0.23 0.34 0.91 1.39 1.85 0.62 0.84 1.33 0.38 1.26
Loan and lease loss provision to net charge-offs 104.79 165.49 152.01 109.43 101.38 102.28 111.53 98.91 104.85 143.33 110.29
Efficiency ratio 54.98 68.65 62.33 54.52 53.41 56.55 56.35 52.43 53.71 61.70 50.28
Condition Ratios (%)
Earning assets to total assets 86.40 91.81 91.65 90.23 84.44 83.59 85.90 88.87 90.50 90.38 88.10
Loss allowance to:
Loans and leases 1.92 1.44 1.46 1.79 2.07 2.33 1.62 1.77 1.81 1.49 2.06
Noncurrent loans and leases 130.81 124.34 147.73 161.07 124.75 122.67 133.15 119.77 158.42 135.12 167.01
Noncurrent assets plus other real estate owned to assets 0.97 0.86 0.77 0.77 1.05 1.08 0.84 1.07 0.85 0.76 0.86
Equity capital ratio 9.30 10.83 9.72 10.11 8.99 8.82 9.49 8.74 10.07 9.69 10.80
Core capital (leverage) ratio 7.95 10.55 9.23 8.99 7.40 7.48 7.93 7.73 9.13 8.66 9.05
Tier 1 risk-based capital ratio 10.16 15.92 13.00 12.31 9.12 10.02 9.63 9.34 12.33 12.83 11.50
Total risk-based capital ratio 13.00 17.04 14.21 14.26 12.44 13.06 12.54 12.44 13.72 14.31 14.23
Net loans and leases to deposits 87.74 70.75 78.28 90.03 90.56 79.59 88.02 101.23 97.94 69.71 90.52
Structural Changes (YTD)
New Charters 16 15 1 0 0 2 7 0 1 1 5
Banks absorbed by mergers 84 30 42 11 1 13 24 9 14 12 12
Failed banks 6 4 1 1 0 0 2 2 0 1 1
PRIOR FIRST QUARTERS
(The way it was)
Number of institutions
2001 8,238 4,759 3,087 312 80 655 1,420 1,767 2,133 1,365 898
1999 8,721 5,374 2,957 317 73 684 1,440 1,897 2,252 1,502 946
1997 9,450 6,146 2,900 331 73 739 1,565 2,082 2,393 1,671 1,000
Total assets (in billions)
2001 $6,316.4 $229.5 $781.0 $879.2 $4,426.8 $2,237.4 $1,599.7 $1,126.5 $414.3 $262.5 $676.0
1999 5,411.8 250.5 727.4 901.4 3,532.5 1,924.2 1,206.5 873.6 371.7 302.8 732.9
1997 4,641.5 277.2 710.9 995.4 2,658.0 1,755.1 828.1 727.3 304.0 337.2 689.7
Return on assets (%)
2001 1.26 1.00 1.26 1.37 1.26 1.19 1.16 1.10 1.26 1.17 2.08
1999 1.32 1.09 1.30 1.71 1.24 1.32 1.25 1.36 1.52 1.06 1.41
1997 1.25 1.21 1.32 1.29 1.23 1.19 1.31 1.27 1.33 1.23 1.32
Net charge-offs to loans & leases (%)
2001 0.73 0.19 0.29 0.74 0.84 0.86 0.57 0.58 0.86 0.33 1.10
1999 0.62 0.18 0.34 0.82 0.65 0.84 0.44 0.40 0.70 0.44 0.70
1997 0.58 0.17 0.35 0.96 0.52 0.66 0.43 0.42 0.71 0.31 0.80
Noncurrent assets plus OREO to assets (%)
2001 0.79 0.73 0.65 0.72 0.83 0.77 0.85 0.80 0.70 0.68 0.78
1999 0.67 0.75 0.64 0.69 0.67 0.76 0.59 0.58 0.62 0.68 0.70
1997 0.73 0.80 0.74 0.83 0.69 0.82 0.63 0.58 0.67 0.61 0.87
Equity capital ratio (%)
2001 8.67 11.18 9.78 9.29 8.22 8.02 9.03 7.98 9.88 9.60 10.01
1999 8.68 11.06 9.60 9.78 8.04 7.94 9.20 8.57 8.92 8.93 9.66
1997 8.41 10.62 9.66 9.04 7.60 7.48 8.22 8.55 10.00 9.47 9.62

REGIONS:

Northeast - Connecticut, Delaware, District of Columbia, Maine, Maryland, Massachusetts, New Hampshire, New Jersey, New York, Pennsylvania, Puerto Rico, Rhode Island, Vermont, US Virgin Islands

Southeast - Alabama, Florida, Georgia, Mississippi, North Carolina, South Carolina, Tennessee, Virginia, West Virginia

Central - Illinois, Indiana, Kentucky, Michigan, Ohio, Wisconsin

Midwest - Iowa, Kansas, Minnesota, Missouri, Nebraska, North Dakota, South Dakota

Southwest - Arkansas, Louisiana, New Mexico, Oklahoma, Texas

West - Alaska, Arizona, California, Colorado, Hawaii, Idaho, Montana, Nevada, Oregon, Pacific Islands, Utah, Washington, Wyoming

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