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




Preliminary Bank Earnings Report -- Second Quarter, 2002

TABLE III-A. First Half 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 Half Preliminary
(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) 45,310 1,136 5,107 6,802 32,265 13,679 11,448 9,268 3,080 1,823 6,012
% of unprofitable institutions 6.2 9.5 2.4 1.6 2.6 9.9 8.5 4.5 4.1 4.9 10.5
% of institutions with earnings gains 69.0 63.3 75.9 75.3 76.9 70.5 74.8 72.5 66.9 64.7 63.1
Performance ratios (annualized, %)
Yield on earning assets 6.32 6.84 6.85 6.50 6.15 6.18 6.22 6.10 7.27 6.49 6.78
Cost of funding earning assets 2.18 2.52 2.41 2.18 2.12 2.38 2.14 2.23 2.20 2.00 1.68
Net interest margin 4.13 4.32 4.44 4.32 4.03 3.80 4.09 3.87 5.07 4.49 5.11
Noninterest income to earning assets 2.96 1.22 1.64 2.66 3.36 3.85 2.66 2.20 3.04 1.64 2.87
Noninterest expense to earning assets 3.99 3.79 3.78 3.95 4.04 4.41 3.89 3.28 4.44 3.80 4.10
Loan and lease loss provision to assets 0.68 0.27 0.35 0.54 0.78 0.91 0.42 0.54 0.94 0.31 0.79
Net operating income to assets 1.33 1.03 1.25 1.45 1.33 1.17 1.36 1.31 1.63 1.29 1.67
Pretax return on assets 2.04 1.36 1.76 2.22 2.09 1.82 2.08 2.02 2.41 1.82 2.63
Return on assets 1.37 1.05 1.26 1.48 1.38 1.21 1.40 1.36 1.65 1.32 1.67
Return on equity 14.86 9.55 12.89 14.70 15.57 13.90 14.73 15.89 16.51 13.53 15.66
Net charge-offs to loans and leases 1.10 0.28 0.37 0.82 1.34 1.75 0.65 0.80 1.33 0.37 1.17
Loan and lease loss provision to net charge-offs 103.72 156.87 145.12 105.65 100.73 102.02 104.61 102.51 104.48 144.73 105.65
Efficiency ratio 55.03 68.18 61.84 55.65 53.35 56.46 56.27 53.02 53.17 61.44 50.63
Condition Ratios (%)
Earning assets to total assets 85.89 91.58 91.47 90.03 83.84 82.85 85.61 88.10 90.45 89.91 88.08
Loss allowance to:
Loans and leases 1.87 1.44 1.45 1.81 1.99 2.25 1.58 1.75 1.77 1.51 1.98
Noncurrent loans and leases 127.03 123.05 151.15 170.94 118.51 110.78 133.85 119.67 159.12 146.05 179.31
Noncurrent assets plus other real estate owned to assets 0.96 0.88 0.75 0.74 1.04 1.12 0.81 1.04 0.84 0.73 0.78
Equity capital ratio 9.25 11.12 9.91 10.30 8.84 8.64 9.50 8.66 10.31 10.02 10.84
Core capital (leverage) ratio 8.00 10.72 9.33 9.07 7.42 7.48 7.93 7.82 9.39 8.80 9.15
Tier 1 risk-based capital ratio 10.14 15.89 13.04 12.46 9.05 9.95 9.62 9.33 12.54 12.94 11.40
Total risk-based capital ratio 12.95 17.00 14.24 14.38 12.34 12.98 12.49 12.43 13.90 14.38 14.02
Net loans and leases to deposits 87.61 72.37 78.92 89.10 90.25 77.62 89.51 99.87 99.70 70.82 92.34
Structural Changes (YTD)
New Charters 42 41 1 0 0 6 12 3 5 4 12
Banks absorbed by mergers 152 63 73 12 4 18 39 20 25 26 24
Failed banks 7 4 2 1 0 1 2 2 0 1 1
PRIOR FIRST HALVES
(The way it was)
Number of institutions
2001 8,178 4,685 3,101 313 79 653 1,413 1,744 2,118 1,356 894
1999 8,673 5,301 2,978 317 77 684 1,439 1,880 2,243 1,485 942
1997 9,308 6,047 2,888 306 67 738 1,543 2,048 2,357 1,648 974
Total assets (in billions)
2001 $6,360.0 $227.9 $789.8 $899.6 $4,442.6 $2,233.6 $1,612.5 $1,144.2 $406.9 $264.2 $698.6
1999 5,468.6 246.9 736.6 872.7 3,612.3 1,910.4 1,233.1 901.7 374.6 304.3 744.5
1997 4,771.4 273.5 711.3 916.0 2,870.6 1,810.7 855.1 795.9 289.3 342.1 678.4
Return on assets (%)
2001 1.23 0.98 1.24 1.32 1.22 1.18 1.21 1.05 1.32 1.17 1.73
1999 1.28 1.08 1.38 1.56 1.21 1.15 1.27 1.31 1.56 1.18 1.50
1997 1.24 1.24 1.36 1.25 1.21 1.16 1.29 1.26 1.45 1.24 1.31
Net charge-offs to loans & leases (%)
2001 0.78 0.23 0.33 0.84 0.88 0.92 0.59 0.60 0.94 0.36 1.21
1999 0.58 0.21 0.33 0.74 0.62 0.75 0.44 0.35 0.71 0.42 0.72
1997 0.60 0.21 0.35 0.99 0.55 0.69 0.43 0.44 0.79 0.30 0.83
Noncurrent assets plus OREO to assets (%)
2001 0.82 0.79 0.69 0.73 0.87 0.81 0.88 0.86 0.75 0.70 0.76
1999 0.64 0.75 0.61 0.62 0.65 0.73 0.57 0.58 0.61 0.66 0.63
1997 0.69 0.79 0.72 0.82 0.64 0.75 0.61 0.62 0.69 0.60 0.79
Equity capital ratio (%)
2001 8.76 11.13 9.80 9.50 8.30 8.14 9.13 8.10 9.84 9.68 9.99
1999 852 10.82 9.41 9.53 7.94 7.83 8.89 8.36 8.72 8.72 9.72
1997 8.44 10.84 9.69 9.14 7.68 7.38 8.93 8.56 9.21 9.54 9.66

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 08/28/2002 research@fdic.gov

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