Community Banking Initiatives
Current Community Banking Reference Data Notes to Users
Table of Contents
- Business Problem
The FDIC has developed a community bank definition for research purposes and this definition is being used for publically available papers (this definition can be found in “Defining the Community Bank”, an FDIC Community Banking Study publication, at http://www.fdic.gov/regulations/resources/cbi/study.html). The demographic and financial data behind the FDIC’s definition, sourced from the Research Information System (RIS) and Summary of Deposits (SOD), needs to be publicly accessible so that external analysts can build upon the FDIC’s research. RIS is a series of data sets used in time series analysis of institution financial statements. The Summary of Deposits (SOD) is the annual survey of branch office deposits for all FDIC-insured institutions.
Create a data set that contains the demographic and financial information underlying the FDIC’s definition of a community bank for all FDIC-insured institutions as of the most recent quarter. This data is provided to the public to supplement existing FDIC research on community banks and encourage further academic and professional research. The data set is called “Current Community Banking Reference Data.csv.”
The following table outlines the basic structure of Current Community Banking Reference Data.csv:
Name Source Type Definition CERT RIS Num FDIC certificate number. ID RIS Num Unique institution identification number. Designation of community bank status is at the banking organization level. Institutions in a multibank holding company take the RSSD ID (unique identifying number assigned by the Federal Reserve for all financial institutions, main offices, and branches) of the parent holding company, identified as their regulatory high holder, as their banking organization’s unique identifier (ID). Institutions not in a bank holding company or in a one-bank holding company take the bank’s FDIC certificate number as their organization’s unique identifier. Data for each banking organization is aggregated over all the institutions in the organization. NAMEFULL RIS Char Full name of the institution. ADDRESS RIS Char Address of the headquarters of the institution. CITY RIS Char The city where the headquarters of the institution is located. STALP RIS Char The state abbreviation of the location of the institution's headquarters. STCNTY RIS Num The Federal Information Processing Standard (FIPS) code associated with the state and county of the institution's headquarters. STATE_COUNT SOD Num Number of states in which the organization has branches. ZIP RIS Char The ZIP code associated with the physical address of the institution's headquarters. YEAR RIS Num The year of community bank designation. CALLYM RIS Num Reporting quarter, expressed as yyyymm. CB CALC Num Community bank flag where a "1" designates community bank status. A "0" designates non-community bank status. See 2b for further explanation. ASSET RIS Num The total assets of the institution. BUSINESS_LINE CALC Char The lending specialization of the institution. See 2b for further explanation. LOANTOASSET RIS Num The loan to asset ratio of the organization. CORERATIO RIS Num The core deposit ratio of the organization. EXCL_SPECIALTY RIS Num Any banking organization where more than 50 percent of total assets are held in certain specialty banking charters (e.g. credit card specialists, consumer nonbank banks, industrial loan companies, trust companies, and bankers banks) have a value of “1.” All others have a value of “0.” EXCL_FOREIGN RIS Num Foreign assets greater than or equal to 10 percent flag where a “1” indicates that foreign assets are greater than or equal to 10% of total assets. A “0” indicates that foreign assets are less than 10% of total assets. EXCL_NOCORE RIS Num No core deposits flag where a “1” indicates that this organization does not have core deposits. A “0” indicates that this organization has core deposits. EXCL_NOLOANS RIS Num No loans flag where a “1” indicates that this organization does not have loans. A “0” indicates that this organization has loans. EXCL_CREDIT RIS Num Credit card flag where a “1” indicates that this organization is a credit card organization. A “0” indicates that this institution is not a credit card organization. MAX_DEPOSITS SOD Num The largest amount of deposits held at any branch of the organization. OFFICE_COUNT RIS, SOD Num Number of offices in which the organization operates. UNIQUE_METROS CALC Num The number of unique large metro areas in which the organization operates (has branches). A "large metro area" is defined as any MSA with a population of over 500,000 people. RSSDHCR RIS Num The regulatory top holder RSSD ID number. NAMEHCR RIS Char The name of the top regulatory bank holding company. HCASSET RIS Num Represents the summation of Call Reports or Thrift Financial Reports (TFR) filed by all FDIC-insured bank and thrift subsidiaries held by a bank holding company. RUN_DATE CALC Num The date when the current data set was created, expressed as yyyymmdd. This date is the same for every record. Sources: RIS = Research Information System (updated quarterly), CALC = calculated by the Division of Insurance and Research (updated quarterly), SOD = Summary of Deposits (updated June 30 annually) and merger-adjusted for mergers between June 30 and the current quarter.
Derivation of Calculated Variables
CB (Community Bank Flag)
The CB flag designates community bank status based on the FDIC’s definition of a community bank. This definition can be found in “Chapter 1- Defining the Community Bank”, an FDIC Community Banking Study publication, at http://www.fdic.gov/regulations/resources/cbi/study.html.
BUSINESS_LINE identifies asset concentration and is calculated by comparing relative concentrations of loans to an institution’s total assets at the institution-level. This variable is ultimately based on RIS data.
Every institution is in one, and only one, of the categories below (the criteria are mutually exclusive).
Reference # BUSINESS_LINE Values Definition Retail Loans 1 Mortgage Lending Residential loans are more than 30% of total assets. 2 Other Consumer Lending Specialization Other consumer loans are more than 20% of total assets. Commercial Loans 3 Commercial Real Estate Lending Specialization Construction and Development (C&D) loans are more than 10% of assets or Commercial Real Estate (CRE) loans are more than 30% of total assets. 4 C&I Lending Specialization Commercial and Industrial (C&I) loans are more than 20% of total assets. 5 Ag Lending Specialization Agricultural loans are more than 20% of assets. 6 Multiple Specializations Retail loans are greater than 40% of assets, or commercial loans are greater than 40% of total assets, or the institution meets any two of 1 through 5 in this table. 7 No Specialty Total loans are less than 33% of assets or the institution meets none of 1 through 6 in this table.
Methodological Changes From Q1-2014
Metro Population Estimates
Beginning with the first quarter of 2014, the metro area population estimates used to calculate Unique_Metros will lag one year. For example, the 2013 metro area population estimates will be in use through 2014, and the 2014 estimates will be in use through 2015, and so on. Values of Unique_Metro calculated for periods prior to 2014 reflect the estimates for those years.
Summary of Deposits (SOD)
Data taken from the annual Summary of Deposits will continue to be merger-adjusted from June 30 through the most recent quarter. Although the SOD is “as-of” June 30, the data is not available in time for the second quarter’s Community Bank designation. Thus, the SOD from the previous year will be merger-adjusted through June 30. New SOD data will be incorporated beginning with the third quarter’s Community Bank designations. The new SOD data will be merger-adjusted through the third quarter, as it reflects office and deposit data as-of June 30.
Users combining this data with other FDIC maintained data such as RIS should be aware that other FDIC maintained data are refreshed according to different schedules. For instance, RIS data is updated quarterly, capturing newly filed Call Report data for the current quarter in addition to amendments and other corrections to prior quarter data. Information generated using RIS or other FDIC maintained data may not exactly correspond to analysis posted on FDIC.gov produced using prior versions of that data.
Current Community Banking Reference Data.csv will be updated annually by the FDIC’s Division of Insurance and Research. This table will always be named “Current Community Banking Reference Data”.
Any changes made to the data set will be recorded in all subsequent notes to users.
June 5, 2014 – Notes revised to reflect changes associated with generating a quarterly list of Community Banks.
June 13, 2014 – Section 2c added.