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Home > News & Events > The FDIC Preliminary Bank Earnings Report |
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The FDIC Preliminary Bank Earnings Report |
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| 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 |
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 |
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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 |
