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Home > News & Events > Preliminary Bank Earnings Report -- Second Quarter, 2002




Preliminary Bank Earnings Report -- Second Quarter, 2002

TABLE IV-A. Second 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

June 30, 2002 (The way it is...)

North-
east
South-
east
Central  Mid-
west
South-
west
West
Number of institutions reporting 7,966 4,374 3,194 320 78 634 1,371 1,708 2,074 1,315 864
Total assets (in billions) $6,749.4 $219.6 $831.5 $934.9 $4,763.4 $2,323.3 $1,658.3 $1,379.0 $377.0 $280.1 $731.8
Total deposits (in billions) 4,448.1 185.2 677.7 638.6 2,946.7 1,457.1 1,126.1 882.0 253.5 227.9 501.6
Net income (in millions) 23,444 594 2,669 3,411 16,769 7,178 5,845 4,722 1,573 961 3,166
% of unprofitable institutions 6.7 9.8 2.8 3.4 2.6 9.8 9.3 5.0 4.9 4.9 10.4
% of institutions with earnings gains 702 65.8 75.8 73.4 75.6 72.6 75.6 71.8 67.5 68.4 66.0
Performance Ratios (annualized, %)
Yield on earning assets 6.31 6.83 6.83 6.46 6.16 6.21 6.17 6.08 7.26 6.48 6.78
Cost of funding earning assets 2.21 2.44 2.34 2.14 2.18 2.51 2.12 2.20 2.16 1.94 1.64
Net interest margin 4.11 4.40 4.49 4.32 3.97 3.71 4.06 3.88 5.10 4.54 5.14
Noninterest income to earning assets 2.98 1.25 1.66 2.57 3.40 3.87 2.73 2.21 3.06 1.69 2.80
Noninterest expense to earning assets 3.99 3.81 3.81 3.92 4.04 4.35 3.91 3.34 4.44 3.85 4.12
Loan and lease loss provision to assets 0.65 0.29 0.36 0.51 0.75 0.87 0.42 0.54 0.94 0.31 0.69
Net operating income to assets 1.36 1.08 1.28 1.45 1.37 1.23 1.38 1.29 1.66 1.34 1.71
Pretax return on assets 2.09 1.41 1.81 2.21 2.14 1.84 2.12 2.05 2.45 1.90 2.73
Return on assets 1.41 1.09 1.30 1.47 1.43 1.26 1.43 1.39 1.68 1.38 1.75
Return on equity 15.24 9.92 13.29 14.45 16.10 14.47 15.04 16.05 16.53 14.03 16.16
Net charge-offs to loans and leases 1.07 0.32 0.39 0.78 1.30 1.68 0.69 0.77 1.33 0.36 1.08
Loan and lease loss provision to net charge-offs 102.93 150.55 139.40 104.07 100.03 102.52 98.29 106.51 104.07 146.61 100.20
Efficiency ratio 55.04 67.26 61.49 56.00 53.35 56.12 56.19 53.80 52.64 61.21 51.02
Structural Changes (QTR)
New charters 26 26 0 0 0 4 5 3 4 3 7
Banks absorbed by mergers 66 32 30 1 3 5 14 11 11 14 11
Failed banks 1 0 1 0 0 1 0 0 0 0 0
PRIOR SECOND QUARTERS
(The way it was)
Return on assets (%)
2001 1.21 0.95 1.24 1.28 1.20 1.17 1.27 1.02 1.38 1.18 1.39
1999 1.24 1.08 1.30 1.68 1.14 0.98 1.29 1.28 1.60 1.30 1.59
1997 1.24 1.27 1.37 1.23 1.21 1.14 1.28 1.25 1.50 1.27 1.32
Net charge-offs to loans & leases (%)
2001 0.83 0.27 0.37 0.95 0.91 0.97 0.62 0.63 1.02 0.39 1.31
1999 0.56 0.24 0.34 0.74 0.57 0.70 0.45 0.31 0.73 0.41 0.68
1997 0.62 0.25 0.38 1.01 0.58 0.72 0.44 0.47 0.84 0.29 0.87

Last Updated 08/28/2002 Questions, Suggestions & Requests

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