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Quarterly Analysis of Institutions in the Capital Purchase P rogram
2009 Q3
Introduction
Throughout 2008, the Federal Government launched a series of financial initiatives aimed at
stabilizing the economy. The Treasury Department (“Treasury”) launched one of its largest
initiatives, the Capital Purchase Program (CPP), under the Emergency Economic Stabilization
Act (EESA) in October 2008. Through the CPP, Treasury purchased shares of preferred stock
(or comparable instruments) from qualifying financial institutions. By strengthening the capital
bases of these financial institutions through CPP, Treasury aimed to enhance market confidence
in the entire banking system, thereby increasing the capacity of these institutions to lend to U.S.
businesses and consumers and to suppor t the U.S. economy under the difficult financial market
conditions.
In an effort to understand better how CPP and other stabilization initiatives may have affected
fina ncial institutions and their activities, an interagency group convened to determine and
conduct appropriate analyses. The interagency group consists of representatives from Treasury,
the Federal Deposit Insurance Corporation (FDIC), the Federal Reserve Board of Governors
(Board), the Office of the Comptroller of the Currency (OCC), and the Office of Thrift
Supervision (OTS).
Identifying the effects of EESA programs on lending presents significant conceptual and
practical challenges. Foremost among these challenges are the inherent difficulties in
disentangling the relative importance of reduced demand for credit due to weaker economic
activity, reduced supply of credit because borrowers appear less creditworthy, or reduced supply
of credit because lenders face pressures that restrain them from extending credit, such as possible
concerns about their capital. Modifying changes in the latter is the primary goal of the CPP and
other measures taken. The close proximity in time of many actions by the U.S. a nd o ther
governments, includ ing the initial announcement of the CPP and other U.S. initiatives, adds to
the challenges of identifying e ffects of specific programs or groups of programs. Over time,
significant repayments of CPP funds will present further analytical challenges as the panel of
CPP recipients and their characteristics shift over time. Notwithstanding these challenges, in the
interest of providing information to the market and the U.S. public, the interagency group has
undertaken, and will continue to produce, this summary of the activities of institutions receiving
TARP capital through the CPP.
By regulation, depository institutions are required each quarter to submit financial data (i.e.
income statement, balance sheet, and supporting schedules) to their primary federal regulator in
Call Reports and Thrift Financial Reports. Many depository institutions are owned by bank
holding companies that may also own securities broker-dealers and o ther non-depository
financial institutions. Large bank holding companies are required to submit consolidated
financial data to the Federal Reserve Board of Governors each quarter in Consolidated Financial
Statements for Bank Holding Companies (FR Y-9C Reports). The first section (“Section A”) of
1

this report analyzes Call Reports and Thrift Financial Reports, and the second section (“Section
B”) analyzes Y-9C data. 1
The interagency group selected line items from regulatory filings that measure the status of
financial institutions in a concise manner. Summary tables based on regulatory filing da ta
include items in three broad categories: balance sheet and off-balance sheet items, performance
ratios, and asset quality measures. The selected line items appear in the following tables, which
contain data from fourth quarter 2008 through third quarter 2009. 2 The interage ncy group
recognized that both institution size and the timing o f CPP capital investments would likely have
a bearing on this type of analysis. Accordingly, these tables distinguish five groups of fina ncial
institutions: the largest 21 CPP participant institutions as of the end o f September 2009 (Group
I), other participant institutions that received CPP funds in the fourth quarter of 2008 (Group II),
participant institutions that received CPP funds in the first quarter of 2009 (Group III),
participant institutions that received CPP funds in the second quarter of 2009 (Group IV),
participant institutions that received CPP funds in the third quarter of 2009 (Group V and the
remaining institutions who submitted reports but were not participants in the CPP as of the end
of September 2009 (Group VI).
While these data accurately reflect the financial results of these different groups, it is difficult to
draw specific conclusions about the effectiveness of the CPP from solely these ratios. First,
more quarters of data will be needed to fully understand the effects of the CPP on both individual
institutions as well as on the financial system as a whole. And second, more analysis needs to
occur to create a more accurate control group. This report presents all banks that did not
participate in the CPP as the comparison group (Group VI). There are substantial differences
among the institutions in this comparison group (the range of asset size in particular) that make it
difficult to compare aggregate results for Group VI with results for the five CPP groups.
Designing appropriate comparisons will be a focus of future analysis.

1

Detailed information on reporting can be found at the Federal Financial Institutions Examinations Council website
(http://www.ffiec.gov) and at the Board of Governors website (http://www.federalreserve.gov) under “Reporting
Forms”. In general only bank holding co mpanies with consolidated assets greater than $500 million are required to
submit Y-9C reports.

2

See “Appendix A: Notes to Call and Thrift Financial Report Data Users” and “Appendix B: Notes to Y-9C Data
Users” for a more detailed description of the data.

2

Section A: Call and Thrift Financial Report Analysis
The Call and Thrift Financial Report data are organized into six tables, by group:

Group

Description

Subsidiaries of the 21 Largest CPP
Participants (as of September 30,
2009)
Group II Subsidiaries of CPP Participants that
were funded in Q4 2008
Group III Subsidiaries of CPP Participants that
were funded in Q1 2009
Group IV Subsidiaries of CPP Participants that
were funded in Q2 2009
Group V Subsidiaries of CPP Participants that
were funded in Q3 2009
Group VI Non CPP Participants (as of
September 30, 2009)
Group I

Number of
CPP
participants

Number of
Insured
institutions

Average asset size
of insured
institution
(billions)

21

60

$136.0

192

290

$3.1

318

362

$1.0

116

147

$0.3

36

46

$0.5

NA

7,194

$0.5

Summary of Findings
Note: All changes refer to the change between second quarter 2009 and third quarter 2009,
unless otherwise noted.
Selected Balance and Off-Balance Sheet Items
Overall Asset Growth
Groups II, III, IV and V experienced pos itive overall asset growth in Q3 2009 with asset growth
of 1.6%, 1.1%, 2.2% and 2.6% respectively.
Loan Growth3
All Groups experienced negative growth in the total loans in Q3 2009.
Despite negative total loan growth all groups did experience positive growth in some individual
loan categories. Group I had pos itive growth in other consumer loans (0.3%) and commercial
real estate (0.4%). Group II had positive growth in home equity (1.6%), credit card (0.6%) and
commercial real estate (1.9 %). Group III had positive growth in home equity (2.1 %), o ther
consumer (6.7%) and commercial real estate (2.3%). Group IV had positive growth in home
equity (3.6%), credit card (0.8%) and commercial real estate (1.4 %). Group V had pos itive
growth in only commercial real estate (3.0%). Lastly, Group VI had positive growth in home
3

All loan growth figures refer to the change in outstanding loan balances.

3

equity (0.2%), credit card (5.7 %) and other consumer (.3%). Across all groups, construction and
development (C&D) loans, closed-end 1-4 family residential loans, and commercial and
industrial (C&I) loans fell.
Closed-end Mortgage and Open-end HELOC Originations 4
In all groups, closed-end mortgage originations (originated for sale and originations sold)
decreased. Group VI experienced the largest percent decreases, with mortgages originated for
sale decreasing 45.8% and mortgage originations sold decreasing 37.2%.
Of the four groups (Groups I, II, IV and VI) that reported open-end HELOC originations in Q3
2009 Group I experienced increases in HELOCs originated for sale and Groups I and II
experienced increases in HELOC originations sold. The remaining groups experienced decreases
and Group IV did not report any HELOC originations sold.
Securities on Balance Sheet
In Q3 2009, all groups except Groups I and III experienced positive growth in mortgage-backed
securities (MBS). Group II experienced the highest positive growth in MBS (5.6%). Assetbacked securities (ABS) rose in all groups except Groups IV and V and saw the largest growth in
Group I II (224%). Finally, o ther securities 5 grew in all groups except Group III. Group I saw
the largest growth in other securities (11.7%).
Other Asset Growth
Unused commitments decreased in all groups. Group I had the largest percentage decrease (3.1%), while Group III had the smallest percentage decrease (-1.6%). The outstanding principal
balance of assets sold and securitized with servicing retained decreased in all groups except
Groups III and V. The largest decrease, which was in Group VI, was -10.9%, and the largest
increase, which was in Group III, was 17.2%. Cash and balances due rose in all groups while
Group V had the largest increase (46.6%).
Liabilities
With the exception of Groups I and VI, all groups experienced increases in total liabilities.
Further, all groups experienced positive growth in deposits except group VI. The largest
increase in deposits was in Group II (3.1%) and the smallest growth was in depos its in Group VI
(0.0%) where deposit growth was flat.
Total other borrowings 6 and Federal Home Loan Bank (FHLB) advances decreased in all groups.
Group I experienced the largest decreases in both categories (-10.6% in total other borrowings,

4

Only Call Report filers with assets over $1 billion or mo re than $10 million in mo rtgage origination for two
consecutive quarters are required to report residential loans originated for sale (see Appendix A : Notes to Call and
Thrift Financial Report Data Users).

5

Defined as total securities less MBS and ABS.

6

Total other borrowings include FHLB advances and other amounts borrowed by the consolidated bank, exclusive
of federal funds purchased and securities sold under agreements to repurchase, liab ilit ies for short positions, and

4

-13.1% in FHLB advances), while Group IV experienced the small decreases in both categories
(-1.8% in total other borrowings, -3.6% in FHLB advances).
Equity
As expected, growth in equity capital was strong in Q3 2009 for Group V (13.3%) as those
institutions received capital infusions via CPP in Q3 2009. No Groups experienced negative
growth in total equity capital.
Also expected, stock sales and transactions with the parent holding company as a cumulative
figure increased dramatically in Q3 2009 for Group V.
Performance Ratios 7
Capital Ratios
In Q3 2009, Group IV had the highest tier 1 leverage ratio and Group VI had the highest tier 1
risk-based capital ratio and total risk-based capital ratio. Generally, capital ratios increased in all
groups except Group III. In Group IV, the tier 1 leverage ratio was flat, but the tier 1 risk-based
capital ratio and the total risk-based ratio increased. As expected, Group V experienced the
largest increases in all three capital ratios in Q3 2009 ( the quarter of their capital infusions via
CPP).
Earnings Ratios
In Q3 2009, return on equity and return on assets were positive in groups I, IV and VI. Across
all groups, net interest margins were positive. Return on equity decreased in II, III and V; return
on assets increased in Groups I, IV and VI and decreased in Groups II, III, and V. Net interest
margins increased slightly in all groups except Groups III where it decreased and I where it was
unchanged.
Loss Coverage Ratios
Coverage ratios (allowance for loa n and lease losses to noncurrent loans) declined in groups I, II
and III, and increased in groups IV and V and was flat in group VI. The largest decrease in
coverage ratios was in Group III. I n Q3 2009, Group I had the highest coverage ratio (64.1%),
while Group IV had the lowest coverage ratio (48.0%).
The ratio o f loss provisions to net charge-offs (for the quarter) decreased across all groups except
Groups IV and V. Group IV also had the highest ratio of loss provisions to net charge-offs in Q 3
2009 (174.9%), while Group III had the lowest ratio (120.9%).

subordinated notes and debentures. This item includes mortgage indebtedness and obligations under capitalized
leases.
7

Performance rat ios reflect weighted averages for each group (see Appendix A : Notes to Call and Thrift Financial
Report Data Users).

5

The ratio o f net charge-offs to average loans and leases increased in all groups in Q3 2009 except
group III where there was no change. The largest increase was in Group V. In Q3 2009, Group I
had the highest ratio o f net charge-offs to average loans and leases (3.2%) and Group IV had the
lowest ratio of net charge-offs to average loans and leases (1.3%).
Asset Quality: Noncurrent Loans
With few exceptions (mostly in credit card loans), noncurrent loa ns as a percentage of loa ns
(within loan category) increased across all groups and loan categories in Q3 2009. All groups
experienced increases in the ratio of total noncurrent loa ns to total loa ns, as well as increases in
the ratio of noncurrent loans to total loans in C&D loans, residential mortgages, and C RE loa ns.
Across all groups, the highest ratio of noncurrent loans to total loa ns was in C&D loans. The
lowest ratios of noncurrent loans to total loans for each group were split between HELOCs
(Group II), other consumer loans (in Groups I, III, and VI) and credit card loans (in Groups IV
and V).
Asset Quality: Gross Charge-offs
Gross charge-offs as a percentage of total loans (within loan type) increased across mos t loa n
categor ies and groups in Q3 2009. No groups experienced decreases in the ratio of total gross
charge-offs to total loans, as well as in the ratios of gros s charge-offs to total loans in residential
mortgages, HELOCs and C RE loa ns. In all but Groups II and V, the highest ratios of gross
charge-offs to total loans was in credit card loans. Generally, the lowest ratios of gross chargeoffs to total loans were in CRE loans.

6

I. Subsidiaries of 21 Largest BHCs Receiving CPP Capital to Date
Entities in CPP
21

Assets
Loa ns
Construction & development
Closed-end 1-4 family residential
Home equity
Credit card
Other consumer
Commercial & Industrial
Commercial real estate
Unus ed commi tments
Securi ti za ti on outs ta ndi ng pri nci pa l
Mortga ge-ba cked s ecuri ti es (GSE a nd pri va te i s s ue)
As s et-ba cked s ecuri ti es
Other s ecuri ti es
Ca s h & ba l a nces due
Res i denti a l mortga ge ori gi na ti ons
Closed-end mortgage originated for sale (quarter)
Open-end HELOC originated for sale (quarter)
Closed-end mortgage originations sold (quarter)
Open-end HELOC originations sold (quarter)
Liabilities
Depos i ts
Tota l other borrowi ngs
FHLB a dva nces
Equity
Equi ty ca pi ta l a t qua rter end
Stock s a l es a nd tra ns a cti ons wi th pa rent hol di ng compa ny
(cumul a ti ve through ca l ender yea r)

Performance Ratios

TARP CPP Funds Disbursed
$171,385

Q1 2009

Q4 2008
Selected balance and off-balance sheet items

Institution Count
60

Q2 2009

Q3 2009

$ mi l l i ons %chg from prev $ mi l l i ons %chg from prev $ mi l l i ons
%chg from prev $ mi l l i ons
%chg from prev
$8,738,036
1.7% $8,415,367
-3.7%
$8,228,132
-2.2%
$8,157,279
-0.9%
$4,462,213
-3.0% $4,351,622
-2.5%
$4,281,083
-1.6%
$4,136,028
-3.4%
$197,339
-4.5%
$188,779
-4.3%
$179,716
-4.8%
$170,971
-4.9%
$1,136,051
-4.4% $1,145,865
0.9%
$1,127,106
-1.6%
$1,068,514
-5.2%
$473,935
1.3%
$479,606
1.2%
$475,957
-0.8%
$469,313
-1.4%
$339,533
6.2%
$292,775
-13.8%
$290,482
-0.8%
$285,938
-1.6%
$372,528
-5.2%
$376,231
1.0%
$377,664
0.4%
$378,619
0.3%
$976,017
-1.1%
$928,505
-4.9%
$871,622
-6.1%
$797,404
-8.5%
$323,017
1.1%
$324,632
0.5%
$324,631
0.0%
$325,887
0.4%
$5,391,771
$1,815,758
$745,202
$109,629
$244,041
$816,140

-8.3%
0.4%
2.2%
-42.6%
20.5%
45.2%

$4,942,826
$1,790,264
$767,268
$119,931
$335,845
$766,933

-8.3%
-1.4%
3.0%
9.4%
37.6%
-6.0%

$4,734,197
$1,773,139
$820,473
$123,555
$389,863
$647,961

-4.2%
-1.0%
6.9%
3.0%
16.1%
-15.5%

$4,586,538
$1,764,261
$798,565
$128,062
$435,539
$697,142

-3.1%
-0.5%
-2.7%
3.6%
11.7%
7.6%

$162,765
$5,678
$164,276
$4,316

-5.1%
69.3%
-16.2%
28.6%

$265,854
$6,214
$260,358
$6,324

63.3%
9.4%
58.5%
46.5%

$414,322
$6,726
$391,580
$4,824

55.8%
8.3%
50.4%
-23.7%

$333,709
$6,907
$366,300
$8,945

-19.5%
2.7%
-6.5%
85.4%

$7,956,132
$5,325,867
$1,730,707
$295,570

1.9%
3.1%
-5.8%
-17.1%

$7,562,195
$5,181,636
$1,638,299
$252,275

-5.0%
-2.7%
-5.3%
-14.6%

$7,351,527
$5,235,105
$1,448,716
$251,778

-2.8%
1.0%
-11.6%
-0.2%

$7,256,744
$5,289,399
$1,295,113
$218,867

-1.3%
1.0%
-10.6%
-13.1%

$781,903

-0.7%

$839,102

7.3%

$862,523

2.8%

$886,072

2.7%

$74,010

NA

$43,037

NA

$58,301

NA

$71,336

NA

Q4 2008

Ti er 1 l evera ge ra ti o
Ti er 1 ri s k ba s ed ca pi ta l ra ti o
Tota l ri s k ba s ed ca pi ta l ra ti o

Q1 2009

Q2 2009

Q3 2009

6.8%
9.1%
12.6%

7.5%
10.0%
13.3%

7.8%
10.4%
13.7%

8.1%
10.8%
14.1%

1

-7.1%

5.8%

0.5%

2.2%

1

-0.6%

0.5%

0.1%

0.2%

3.4%
81.7%
208.7%

3.4%
72.0%
165.7%

3.5%
69.5%
140.1%

3.5%
64.1%
121.9%

2.1%

2.4%

3.0%

3.2%

Return on equi ty

Return on a s s ets

1

Net i nteres t ma rgi n
Covera ge ra ti o {(ALLL+Al l oc tra ns fer ri s k)/Noncurrent l oa ns )}
Los s provi s i on to net cha rge-offs (qtr)
Net cha rge-offs to a vera ge l oa ns a nd l ea s es 1
1

Quarterly, annualized.

Asset Quality (% of Total Loan Type)
Construction & development
Closed-end 1-4 family residential
Home equity
Credit card
Other consumer
Commercial & Industrial
Commercial real estate
Total loans

Q3 2009
Insured Institutions by Asset Size
Source: Call and Thrift Financial Report Data

Q4 2008
7.8%
6.2%
1.9%
2.8%
1.6%
1.8%
1.5%
3.2%

Noncurrent Loans
Q1 2009
Q2 2009
10.4%
13.7%
8.1%
9.2%
2.3%
2.0%
3.7%
3.8%
1.8%
1.9%
2.4%
3.1%
2.4%
3.5%
4.2%
4.8%

Q3 2009
16.4%
11.2%
2.1%
3.5%
1.9%
4.1%
4.2%
5.7%

Q4 2008
1.3%
0.4%
0.5%
1.7%
0.9%
0.5%
0.2%
0.6%

Gross Charge-Offs
Q1 2009
Q2 2009
0.8%
1.2%
0.4%
0.6%
0.7%
0.9%
2.2%
2.9%
1.0%
1.1%
0.5%
0.7%
0.1%
0.2%
0.6%
0.8%

Less than $1
$1 - $10 Billion
Billion
8
14

$10 - $100
Billion
21

Q3 2009
1.5%
0.6%
0.9%
2.9%
1.1%
0.8%
0.3%
0.9%

More than $100
Billion
17

Notes:
The Hartford Financial Services Group (although a part of Treasury's Monthly Intermediation Snapshot "Top 22" reporting group) is not included in the "21 Largest Bank Holding
Companies" group as it is a Thrift Holding Company and not a bank holding company.

7

II. Independent Banks and Subsidiaries of Holding Companies Receiving CPP Capital in Q4 2008
(excludes Top 21 BHCs)
Entities in CPP
192

Assets
Loa ns
Construction & development
Closed-end 1-4 family residential
Home equity
Credit card
Other consumer
Commercial & Industrial
Commercial real estate
Unus ed commi tments
Securi ti za ti on outs ta ndi ng pri nci pa l
Mortga ge-ba cked s ecuri ti es (GSE a nd pri va te i s s ue)
As s et-ba cked s ecuri ti es
Other s ecuri ti es
Ca s h & ba l a nces due

TARP CPP Funds Disbursed
$19,543

Q1 2009

Q4 2008
Selected balance and off-balance sheet items

Institution Count
290

Q2 2009

Q3 2009

$ mi l l i ons
%chg from prev $ mi l l i ons
%chg from prev $ mi l l i ons
%chg from prev $ mi l l i ons
%chg from prev
$904,840
4.5%
$889,545
-1.7%
$880,708
-1.0%
$894,429
1.6%
$654,096
2.3%
$638,900
-2.3%
$633,418
-0.9%
$626,043
-1.2%
$96,395
-3.5%
$93,328
-3.2%
$87,594
-6.1%
$81,539
-6.9%
$125,598
7.0%
$118,236
-5.9%
$117,596
-0.5%
$115,015
-2.2%
$44,222
7.4%
$44,083
-0.3%
$44,681
1.4%
$45,383
1.6%
$2,094
0.3%
$2,021
-3.5%
$2,060
1.9%
$2,073
0.6%
$30,399
-1.8%
$28,324
-6.8%
$27,285
-3.7%
$27,292
0.0%
$126,619
1.8%
$122,575
-3.2%
$119,468
-2.5%
$116,027
-2.9%
$168,982
2.9%
$171,455
1.5%
$174,608
1.8%
$177,940
1.9%

Liabilities
Depos i ts
Tota l other borrowi ngs
FHLB a dva nces
Equity
Equi ty ca pi ta l a t qua rter end
Stock s a l es a nd tra ns a cti ons wi th pa rent hol di ng compa ny
(cumul a ti ve through ca l ender yea r)

Performance Ratios

-3.1%
2.5%
14.4%
-15.8%
2.7%
55.2%

$176,089
$41,663
$95,963
$2,862
$40,728
$34,498

-3.9%
-0.2%
4.2%
-2.6%
-1.9%
8.7%

$163,181
$40,454
$97,480
$458
$44,082
$32,910

-7.3%
-2.9%
1.6%
-84.0%
8.2%
-4.6%

$159,137
$40,342
$102,896
$850
$47,416
$45,204

-2.5%
-0.3%
5.6%
85.6%
7.6%
37.4%

$6,433
$41
$6,096
$20

-31.0%
35.7%
-47.6%
34.4%

$15,598
$46
$13,864
$19

142.5%
12.4%
127.4%
-3.7%

$18,692
$46
$17,393
$14

19.8%
2.1%
25.5%
-24.1%

$11,964
$19
$13,687
$15

-36.0%
-59.4%
-21.3%
2.7%

$809,594
$643,818
$141,340
$60,400

Res i denti a l mortga ge ori gi na ti ons
Closed-end mortgage originated for sale (quarter)
Open-end HELOC originated for sale (quarter)
Closed-end mortgage originations sold (quarter)
Open-end HELOC originations sold (quarter)

$183,159
$41,752
$92,134
$2,939
$41,526
$31,728

4.2%
6.4%
-6.0%
-16.2%

$796,851
$647,151
$126,812
$51,545

-1.6%
0.5%
-10.3%
-14.7%

$789,336
$650,852
$116,408
$48,345

-0.9%
0.6%
-8.2%
-6.2%

$801,220
$670,881
$108,233
$46,072

1.5%
3.1%
-7.0%
-4.7%

$95,246

7.8%

$91,768

-3.7%

$90,454

-1.4%

$92,289

2.0%

$11,780

NA

$1,497

NA

$3,101

NA

$5,845

NA

Q4 2008

Q2 2009

Q1 2009

Q3 2009

8.5%
10.2%
12.4%

8.4%
10.2%
12.5%

8.3%
10.2%
12.3%

8.4%
10.5%
12.7%

1

-14.2%

-15.6%

-10.1%

-10.4%

1

-1.5%

-1.6%

-1.0%

-1.1%

3.5%
67.1%
164.5%

3.4%
59.7%
143.1%

3.4%
57.8%
138.4%

3.6%
55.6%
122.1%

1.7%

1.8%

2.5%

2.7%

Ti er 1 l evera ge ra ti o
Ti er 1 ri s k ba s ed ca pi ta l ra ti o
Tota l ri s k ba s ed ca pi ta l ra ti o
Return on equi ty

Return on a s s ets

Net i nteres t ma rgi n 1
Covera ge ra ti o {(ALLL+Al l oc tra ns fer ri s k)/Noncurrent l oa ns )}
Los s provi s i on to net cha rge-offs (qtr)
Net cha rge-offs to a vera ge l oa ns a nd l ea s es
1

1

Quarterly, annualized.

Asset Quality (% of Total Loan Type)
Construction & development
Closed-end 1-4 family residential
Home equity
Credit card
Other consumer
Commercial & Industrial
Commercial real estate
Total loans

Q3 2009
Insured Institutions by Asset Size
Source: Call and Thrift Financial Report Data

Q4 2008
8.4%
2.9%
0.8%
2.5%
0.7%
1.6%
1.4%
2.7%

Noncurrent Loans
Q1 2009
Q2 2009
11.0%
12.9%
3.4%
4.0%
1.0%
0.9%
2.8%
2.7%
0.8%
0.9%
2.1%
2.5%
2.0%
2.4%
3.4%
4.0%

Q3 2009
14.9%
4.4%
0.9%
2.4%
1.0%
2.7%
3.1%
4.5%

Q4 2008
1.4%
0.3%
0.3%
1.5%
0.6%
0.5%
0.1%
0.5%

Less than $1
Billion
148

Gross Charge-Offs
Q1 2009
Q2 2009
1.2%
2.2%
0.2%
0.3%
0.3%
0.4%
1.7%
2.0%
0.9%
0.6%
0.6%
0.7%
0.1%
0.2%
0.5%
0.7%

$1 - $10 Billion
116

$10 - $100
Billion
26

Q3 2009
2.1%
0.4%
0.4%
1.9%
0.6%
0.8%
0.3%
0.7%

More than $100
Billion
0

8

III. Independent Banks and Subsidiaries of Holding Companies Receiving CPP Capital in Q1 2009
(excludes Top 21 BHCs)
Entities in CPP
318

Assets
Loa ns
Construction & development
Closed-end 1-4 family residential
Home equity
Credit card
Other consumer
Commercial & Industrial
Commercial real estate
Unus ed commi tments
Securi ti za ti on outs ta ndi ng pri nci pa l
Mortga ge-ba cked s ecuri ti es (GSE a nd pri va te i s s ue)
As s et-ba cked s ecuri ti es
Other s ecuri ti es
Ca s h & ba l a nces due
Res i denti a l mortga ge ori gi na ti ons
Closed-end mortgage originated for sale (quarter)
Open-end HELOC originated for sale (quarter)
Closed-end mortgage originations sold (quarter)
Open-end HELOC originations sold (quarter)
Liabilities
Depos i ts
Tota l other borrowi ngs
FHLB a dva nces
Equity
Equi ty ca pi ta l a t qua rter end
Stock s a l es a nd tra ns a cti ons wi th pa rent hol di ng compa ny
(cumul a ti ve through ca l ender yea r)

Performance Ratios

TARP CPP Funds Disbursed
$7,855

Q1 2009

Q4 2008
Selected balance and off-balance sheet items

Institution Count
362

Q2 2009

Q3 2009

$ mi l l i ons
%chg from prev $ mi l l i ons
%chg from prev $ mi l l i ons
%chg from prev $ mi l l i ons
%chg from prev
$332,632
-1.9%
$365,029
9.7%
$368,228
0.9%
$372,096
1.1%
$248,857
-0.9%
$263,945
6.1%
$264,235
0.1%
$258,960
-2.0%
$32,127
-5.6%
$32,902
2.4%
$31,810
-3.3%
$30,193
-5.1%
$50,326
-5.6%
$55,603
10.5%
$55,519
-0.2%
$53,441
-3.7%
$10,798
4.8%
$11,122
3.0%
$11,497
3.4%
$11,736
2.1%
$27,330
31.9%
$25,881
-5.3%
$25,613
-1.0%
$20,291
-20.8%
$10,000
-13.7%
$11,994
19.9%
$12,047
0.4%
$12,855
6.7%
$37,110
-3.8%
$39,599
6.7%
$39,198
-1.0%
$38,984
-0.5%
$62,275
0.5%
$66,252
6.4%
$68,179
2.9%
$69,722
2.3%
$252,161
$23,400
$25,463
$927
$18,926
$16,023

-4.4%
-17.4%
-6.9%
14.3%
-5.1%
10.6%

$237,928
$22,673
$32,471
$1,071
$28,789
$14,604

-5.6%
-3.1%
27.5%
15.6%
52.1%
-8.9%

$224,978
$22,938
$34,083
$1,304
$24,994
$19,409

-5.4%
1.2%
5.0%
21.7%
-13.2%
32.9%

$221,463
$26,881
$33,365
$4,224
$22,197
$27,399

-1.6%
17.2%
-2.1%
224.0%
-11.2%
41.2%

$5,248
$0
$4,979
$0

9.3%
-100.0%
1.1%
36.4%

$9,802
$0
$9,211
$0

86.8%
-85.0%
-100.0%

$12,747
$0
$12,275
$0

30.0%
-33.3%
--

$8,445
$0
$9,005
$0

-33.8%
--26.6%
--

$301,851
$252,059
$43,845
$22,341

-1.7%
-1.1%
-6.5%
0.7%

$327,858
$273,525
$48,224
$20,445

8.6%
8.5%
10.0%
-8.5%

$330,434
$279,860
$44,248
$19,144

0.8%
2.3%
-8.2%
-6.4%

$333,522
$285,251
$41,781
$18,263

0.9%
1.9%
-5.6%
-4.6%

$30,781

-4.4%

$36,942

20.0%

$37,566

1.7%

$38,289

1.9%

$1,358

NA

$4,382

NA

$5,350

NA

$5,717

NA

Q4 2008

Q1 2009

Q2 2009

Q3 2009

Ti er 1 l evera ge ra ti o
Ti er 1 ri s k ba s ed ca pi ta l ra ti o
Tota l ri s k ba s ed ca pi ta l ra ti o

8.4%
10.1%
11.4%

9.4%
11.5%
12.9%

9.3%
12.0%
13.4%

9.4%
11.5%
12.9%

Return on equi ty1

-7.3%

-1.4%

-3.5%

-7.8%

Return on a s s ets 1

-0.7%

-0.1%

-0.4%

-0.8%

3.8%
80.8%
200.5%

3.6%
69.0%
178.0%

3.7%
62.3%
128.1%

3.6%
56.3%
120.9%

1.8%

1.6%

2.6%

2.6%

Net i nteres t ma rgi n 1
Covera ge ra ti o {(ALLL+Al l oc tra ns fer ri s k)/Noncurrent l oa ns )}
Los s provi s i on to net cha rge-offs (qtr)
Net cha rge-offs to a vera ge l oa ns a nd l ea s es 1
1

Quarterly, annualized.
Noncurrent Loans

Asset Quality (% of Total Loan Type)
Construction & development
Closed-end 1-4 family residential
Home equity
Credit card
Other consumer
Commercial & Industrial
Commercial real estate
Total loans

Q3 2009
Insured Institutions by Asset Size
Source: Call and Thrift Financial Report Data

Q4 2008
6.6%
2.7%
0.7%
2.7%
0.8%
1.3%
1.5%
2.4%

Q1 2009
8.5%
3.6%
1.1%
3.3%
0.9%
2.6%
2.1%
3.3%

Q2 2009
11.4%
4.2%
1.1%
3.1%
0.9%
2.9%
2.7%
4.0%

Gross Charge-Offs
Q3 2009
14.0%
4.9%
1.2%
3.2%
1.0%
4.0%
3.4%
4.7%

Q4 2008
1.1%
0.2%
0.2%
1.5%
0.6%
0.4%
0.1%
0.5%

Less than $1
Billion
287

Q1 2009
0.7%
0.2%
0.2%
1.9%
0.7%
0.3%
0.1%
0.4%

$1 - $10 Billion
69

Q2 2009
1.1%
0.2%
0.2%
2.3%
0.7%
0.8%
0.2%
0.7%

$10 - $100
Billion
6

Q3 2009
1.7%
0.2%
0.2%
2.2%
0.7%
0.5%
0.2%
0.7%

More than $100
Billion
0

9

IV. Independent Banks and Subsidiaries of Holding Companies Receiving CPP Capital in Q2 2009
(excludes Top 21 BHCs)
Entities in CPP
116

Institution Count
147

TARP CPP Funds Disbursed
$4,424

Q1 2009

Q2 2009

Q3 2009

Q4 2008
Selected balance and off-balance sheet items

Res i denti a l mortga ge ori gi na ti ons
Closed-end mortgage originated for sale (quarter)
Open-end HELOC originated for sale (quarter)
Closed-end mortgage originations sold (quarter)
Open-end HELOC originations sold (quarter)
Liabilities
Depos i ts
Tota l other borrowi ngs
FHLB a dva nces
Equity
Equi ty ca pi ta l a t qua rter end
Stock s a l es a nd tra ns a cti ons wi th pa rent hol di ng compa ny
(cumul a ti ve through ca l ender yea r)

Performance Ratios

%chg from prev $ mi l l i ons

%chg from prev $ mi l l i ons

2.5%
1.8%
-3.4%
3.5%
7.8%
-0.8%
-3.4%
1.1%
3.7%

$47,501
$36,208
$5,769
$6,690
$2,034
$14
$665
$5,387
$12,299

1.5%
0.4%
-3.6%
3.5%
2.5%
-4.7%
-7.2%
-3.1%
2.2%

$48,292
$36,298
$5,356
$6,808
$2,047
$15
$724
$5,333
$12,590

1.7%
0.3%
-7.2%
1.8%
0.6%
5.0%
9.0%
-1.0%
2.4%

$49,375
$36,226
$5,057
$6,709
$2,120
$15
$724
$5,307
$12,772

2.2%
-0.2%
-5.6%
-1.5%
3.6%
0.8%
0.0%
-0.5%
1.4%

$6,424
$142
$3,097
$4
$3,047
$1,606

-7.2%
1.4%
8.5%
2.4%
1.2%
18.1%

$6,058
$135
$3,145
$9
$3,066
$1,916

-5.7%
-5.3%
1.5%
109.8%
0.6%
19.3%

$5,579
$132
$3,157
$20
$3,176
$2,325

-7.9%
-1.8%
0.4%
111.0%
3.6%
21.4%

$5,459
$121
$3,301
$5
$3,526
$2,753

-2.2%
-8.9%
4.6%
-76.8%
11.0%
18.4%

$410
$0
$376
$0

18.3%
-3.2%
--

$1,440
$0
$1,313
$0

250.9%
-249.2%
--

$2,296
$2
$2,138
$0

59.4%
-62.8%
--

$1,278
$1
$1,439
$0

-44.3%
-63.0%
-32.7%
--

$42,434
$37,116
$4,951
$3,449

Unus ed commi tments
Securi ti za ti on outs ta ndi ng pri nci pa l
Mortga ge-ba cked s ecuri ti es (GSE a nd pri va te i s s ue)
As s et-ba cked s ecuri ti es
Other s ecuri ti es
Ca s h & ba l a nces due

%chg from prev $ mi l l i ons

$46,778
$36,063
$5,986
$6,462
$1,985
$15
$716
$5,558
$12,032

Assets
Loa ns
Construction & development
Closed-end 1-4 family residential
Home equity
Credit card
Other consumer
Commercial & Industrial
Commercial real estate

$ mi l l i ons

2.6%
2.6%
2.5%
1.1%

$43,199
$38,364
$4,494
$3,139

1.8%
3.4%
-9.2%
-9.0%

$43,340
$38,517
$4,457
$3,079

0.3%
0.4%
-0.8%
-1.9%

$44,307
$39,603
$4,378
$2,968

2.2%
2.8%
-1.8%
-3.6%

$4,345

1.1%

$4,303

-1.0%

$4,953

15.1%

$5,068

2.3%

$167

NA

$15

NA

$496

NA

$546

NA

Q4 2008

Q1 2009

Q2 2009

%chg from prev

Q3 2009

Ti er 1 l evera ge ra ti o
Ti er 1 ri s k ba s ed ca pi ta l ra ti o
Tota l ri s k ba s ed ca pi ta l ra ti o

8.8%
10.7%
11.9%

8.6%
10.7%
11.9%

9.5%
11.8%
13.1%

9.5%
12.0%
13.3%

Return on equi ty1

-1.2%

-0.4%

-0.7%

2.2%

Return on a s s ets 1

-0.1%

0.0%

-0.1%

0.2%

3.8%
55.8%
147.1%

3.5%
48.0%
119.3%

3.6%
46.8%
152.3%

3.7%
48.0%
174.9%

1.1%

0.8%

1.0%

1.3%

Net i nteres t ma rgi n 1
Covera ge ra ti o {(ALLL+Al l oc tra ns fer ri s k)/Noncurrent l oa ns )}
Los s provi s i on to net cha rge-offs (qtr)
Net cha rge-offs to a vera ge l oa ns a nd l ea s es
1

1

Quarterly, annualized.

Asset Quality (% of Total Loan Type)
Construction & development
Closed-end 1-4 family residential
Home equity
Credit card
Other consumer
Commercial & Industrial
Commercial real estate
Total loans

Q3 2009
Insured Institutions by Asset Size
Source: Call and Thrift Financial Report Data

Q4 2008
6.4%
2.1%
0.6%
0.9%
1.1%
1.9%
1.9%
2.5%

Noncurrent Loans
Q1 2009
Q2 2009
7.4%
7.8%
2.5%
3.3%
0.7%
0.8%
1.3%
1.4%
1.2%
1.0%
2.5%
2.4%
2.4%
2.8%
3.0%
3.3%

Q3 2009
9.0%
3.6%
1.1%
0.9%
1.0%
2.6%
3.4%
3.8%

Q4 2008
0.6%
0.2%
0.1%
0.8%
0.5%
0.5%
0.1%
0.3%

Less than $1
Billion
141

Gross Charge-Offs
Q1 2009
Q2 2009
0.6%
0.6%
0.1%
0.2%
0.1%
0.1%
0.7%
0.8%
0.4%
0.4%
0.2%
0.6%
0.1%
0.2%
0.2%
0.3%

$1 - $10 Billion
6

$10 - $100
Billion
0

Q3 2009
0.8%
0.2%
0.1%
1.1%
0.6%
0.4%
0.2%
0.3%

More than $100
Billion
0

10

V. Independent Banks and Subsidiaries of Holding Companies Receiving CPP Capital in Q3 2009
(excludes Top 21 BHCs)
Entities in CPP
36

Institution Count
46

TARP CPP Funds Disbursed
$1,411

Q1 2009

Q2 2009

Q3 2009

Q4 2008
Selected balance and off-balance sheet items
Assets
Loa ns
Construction & development
Closed-end 1-4 family residential
Home equity
Credit card
Other consumer
Commercial & Industrial
Commercial real estate
Unus ed commi tments
Securi ti za ti on outs ta ndi ng pri nci pa l
Mortga ge-ba cked s ecuri ti es (GSE a nd pri va te i s s ue)
As s et-ba cked s ecuri ti es
Other s ecuri ti es
Ca s h & ba l a nces due
Res i denti a l mortga ge ori gi na ti ons
Closed-end mortgage originated for sale (quarter)
Open-end HELOC originated for sale (quarter)
Closed-end mortgage originations sold (quarter)
Open-end HELOC originations sold (quarter)
Liabilities
Depos i ts
Tota l other borrowi ngs
FHLB a dva nces
Equity
Equi ty ca pi ta l a t qua rter end
Stock s a l es a nd tra ns a cti ons wi th pa rent hol di ng compa ny
(cumul a ti ve through ca l ender yea r)

Performance Ratios

$ mi l l i ons %chg from prev $ mi l l i ons
$19,689
2.5%
$14,614
1.4%
$2,536
-2.2%
$2,520
4.1%
$1,281
3.8%
$10
-3.6%
$610
-3.0%
$2,101
1.0%
$4,191
2.9%
$3,059
$0
$1,984
$0
$1,100
$960

-10.4%
-18.7%
-80.6%
-2.5%
38.9%

$2,861
$0
$2,161
$0
$1,334
$1,089

-6.5%
-8.9%
-17.5%
21.3%
13.5%

$2,663
$2
$2,121
$0
$1,285
$895

-6.9%
--1.8%
-95.0%
-3.6%
-17.8%

$2,613
$2
$2,239
$0
$1,333
$1,313

-1.9%
0.5%
5.5%
0.0%
3.7%
46.6%

$138
$0
$130
$0

-4.2%
--22.4%
--

$279
$0
$258
$0

102.7%
-97.9%
--

$353
$0
$319
$0

26.7%
-23.8%
--

$206
$0
$258
$0

-41.6%
--19.1%
--

$17,887
$15,686
$2,042
$1,181

2.9%
2.7%
4.5%
2.4%

$18,612
$16,412
$2,060
$1,109

4.1%
4.6%
0.9%
-6.1%

$18,404
$16,456
$1,802
$1,116

-1.1%
0.3%
-12.5%
0.6%

$18,697
$16,811
$1,734
$1,035

1.6%
2.2%
-3.8%
-7.3%

$1,803

-1.0%

$1,819

0.9%

$1,820

0.1%

$2,063

13.3%

$52

NA

$11

NA

$20

NA

$256

NA

Q4 2008

Ti er 1 l evera ge ra ti o
Ti er 1 ri s k ba s ed ca pi ta l ra ti o
Tota l ri s k ba s ed ca pi ta l ra ti o

Q1 2009

Q2 2009

Q3 2009

8.4%
10.2%
11.4%

Net cha rge-offs to a vera ge l oa ns a nd l ea s es 1

3.7%

1.4%

-4.5%

0.3%

0.1%

-0.4%

3.3%
56.7%
129.6%

3.5%
52.9%
128.7%

3.7%
56.4%
162.2%

1.4%

Net i nteres t ma rgi n
Covera ge ra ti o {(ALLL+Al l oc tra ns fer ri s k)/Noncurrent l oa ns )}
Los s provi s i on to net cha rge-offs (qtr)

9.2%
11.7%
13.0%

3.6%
66.3%
142.6%

1

8.2%
10.3%
11.5%

-0.8%

Return on a s s ets 1

8.2%
10.3%
11.5%

-8.5%

1

Return on equi ty

1

$20,431
$14,627
$2,485
$2,599
$1,310
$15
$585
$1,998
$4,223

%chg from prev $ mi l l i ons
%chg from prev
$ mi l l i ons
%chg from prev
3.8%
$20,224
-1.0%
$20,759
2.6%
0.1%
$14,754
0.9%
$14,648
-0.7%
-2.0%
$2,383
-4.1%
$2,205
-7.5%
3.1%
$2,659
2.3%
$2,640
-0.7%
2.2%
$1,309
-0.1%
$1,300
-0.6%
49.5%
$20
37.7%
$20
-2.6%
-4.1%
$589
0.7%
$578
-1.7%
-4.9%
$2,010
0.6%
$1,966
-2.2%
0.8%
$4,361
3.3%
$4,491
3.0%

0.5%

0.8%

1.4%

Quarterly, annualized.
Noncurrent Loans

Asset Quality (% of Total Loan Type)
Construction & development
Closed-end 1-4 family residential
Home equity
Credit card
Other consumer
Commercial & Industrial
Commercial real estate
Total loans

Q3 2009
Insured Institutions by Asset Size
Source: Call and Thrift Financial Report Data

Q4 2008
6.2%
1.6%
0.7%
1.5%
0.7%
0.8%
1.6%
2.1%

Q1 2009
8.1%
1.6%
0.8%
0.3%
0.7%
1.5%
1.5%
2.6%

Gross Charge-Offs

Q2 2009
8.7%
2.2%
1.0%
0.3%
0.7%
1.9%
1.8%
2.9%

Q3 2009
9.8%
2.7%
0.9%
0.6%
1.1%
1.5%
2.3%
3.1%

Q4 2008

Q1 2009
1.2%
0.2%
0.2%
0.5%
0.4%
0.3%
0.1%
0.4%

Less than $1
Billion
42

0.3%
0.1%
0.2%
1.3%
0.4%
0.1%
0.0%
0.2%

$1 - $10 Billion
4

Q2 2009
0.6%
0.1%
0.2%
0.5%
0.5%
0.2%
0.1%
0.2%

$10 - $100
Billion
0

Q3 2009
1.0%
0.2%
0.4%
0.6%
0.5%
0.5%
0.1%
0.4%

More than $100
Billion
0

11

VI. Insured Institutions Not in Groups Receiving CPP Capital
Institution Count
7,194

Q4 2008
Selected balance and off-balance sheet items
Assets
Loa ns
Construction & development
Closed-end 1-4 family residential
Home equity
Credit card
Other consumer
Commercial & Industrial
Commercial real estate
Unus ed commi tments
Securi ti za ti on outs ta ndi ng pri nci pa l
Mortga ge-ba cked s ecuri ti es (GSE a nd pri va te i s s ue)
As s et-ba cked s ecuri ti es
Other s ecuri ti es
Ca s h & ba l a nces due
Res i denti a l mortga ge ori gi na ti ons
Closed-end mortgage originated for sale (quarter)
Open-end HELOC originated for sale (quarter)
Closed-end mortgage originations sold (quarter)
Open-end HELOC originations sold (quarter)
Liabilities
Depos i ts
Tota l other borrowi ngs
FHLB a dva nces
Equity
Equi ty ca pi ta l a t qua rter end
Stock s a l es a nd tra ns a cti ons wi th pa rent hol di ng compa ny
(cumul a ti ve through ca l ender yea r)

Performance Ratios

Q3 2009

$1,302,797
$29,826
$427,027
$15,976
$241,608
$237,590

-14.3%
1.9%
1.8%
4.9%
4.1%
70.4%

$1,254,831
$29,492
$412,139
$16,412
$253,842
$232,664

-3.7%
-1.1%
-3.5%
2.7%
5.1%
-2.1%

$1,176,615
$28,968
$408,289
$18,326
$269,532
$233,995

-6.2%
-1.8%
-0.9%
11.7%
6.2%
0.6%

$1,150,337
$25,809
$410,062
$19,262
$279,745
$263,639

-2.2%
-10.9%
0.4%
5.1%
3.8%
12.7%

$39,891
$86
$41,089
$8

-6.8%
-41.0%
-2.0%
-58.4%

$77,339
$43
$70,320
$327

93.9%
-50.3%
71.1%
4033.4%

$92,387
$62
$91,747
$48

19.5%
43.8%
30.5%
-85.2%

$50,099
$29
$57,039
$4

-45.8%
-52.4%
-37.8%
-92.0%

$3,395,840
$2,739,745
$560,844
$197,315

2.4%
3.4%
-2.5%
-4.3%

$3,401,117
$2,796,824
$519,483
$179,968

0.2%
2.1%
-7.4%
-8.8%

$3,346,222
$2,799,816
$467,310
$170,436

-1.6%
0.1%
-10.0%
-5.3%

$3,329,183
$2,799,000
$451,494
$158,106

-0.5%
0.0%
-3.4%
-7.2%

$385,982

-1.6%

$398,065

3.1%

$407,195

2.3%

$420,361

3.2%

$15,934

NA

$7,046

NA

$13,995

NA

$21,108

NA

Q4 2008

Q1 2009

Q2 2009

Q3 2009

8.8%
12.0%
13.6%

Net cha rge-offs to a vera ge l oa ns a nd l ea s es 1

-2.5%

-2.2%

1.2%

-0.3%

-0.2%

0.1%

3.3%
56.8%
155.5%

3.3%
51.7%
127.0%

3.4%
51.7%
126.8%

1.7%

Net i nteres t ma rgi n
Covera ge ra ti o {(ALLL+Al l oc tra ns fer ri s k)/Noncurrent l oa ns )}
Los s provi s i on to net cha rge-offs (qtr)

9.4%
13.3%
14.8%

3.4%
62.6%
164.7%

1

9.1%
12.7%
14.2%

-1.1%

1

9.0%
12.4%
13.9%

-11.0%

Return on equi ty1

1

Q2 2009

$ mi l l i ons %chg from prev $ mi l l i ons
%chg from prev
$ mi l l i ons
%chg from prev
$ mi l l i ons
%chg from prev
$3,781,822
1.9%
$3,801,683
0.5%
$3,755,870
-1.2%
$3,753,347
-0.1%
$2,447,704
-0.2%
$2,431,076
-0.7%
$2,398,297
-1.3%
$2,345,652
-2.2%
$257,129
-4.0%
$243,457
-5.3%
$228,902
-6.0%
$202,248
-11.6%
$719,160
-2.0%
$716,306
-0.4%
$702,407
-1.9%
$682,179
-2.9%
$135,175
4.2%
$136,041
0.6%
$137,391
1.0%
$137,606
0.2%
$75,650
9.4%
$82,365
8.9%
$80,043
-2.8%
$84,637
5.7%
$166,137
0.5%
$166,777
0.4%
$163,549
-1.9%
$164,110
0.3%
$345,767
-0.2%
$334,514
-3.3%
$327,280
-2.2%
$315,960
-3.5%
$492,499
2.1%
$498,041
1.1%
$502,156
0.8%
$499,117
-0.6%

Ti er 1 l evera ge ra ti o
Ti er 1 ri s k ba s ed ca pi ta l ra ti o
Tota l ri s k ba s ed ca pi ta l ra ti o
Return on a s s ets

Q1 2009

1.3%

1.7%

1.8%

Quarterly, annualized.

Asset Quality (% of Total Loan Type)
Construction & development
Closed-end 1-4 family residential
Home equity
Credit card
Other consumer
Commercial & Industrial
Commercial real estate
Total loans

Q3 2009
Insured Institutions by Asset Size
Source: Call and Thrift Financial Report Data

Q4 2008
9.2%
2.6%
0.9%
2.3%
0.5%
1.4%
1.8%
2.6%

Noncurrent Loans
Q1 2009
Q2 2009
11.7%
13.9%
3.1%
3.7%
1.1%
1.1%
2.7%
2.8%
0.5%
0.5%
1.8%
2.1%
2.2%
2.7%
3.2%
3.7%

Q3 2009

Q4 2008
14.2%
4.1%
1.1%
2.7%
0.6%
2.5%
3.0%
3.8%

1.2%
0.4%
0.5%
1.7%
0.5%
0.4%
0.1%
0.4%

Less than $1 Billion
6782

Gross Charge-Offs
Q1 2009
Q2 2009
0.7%
1.3%
0.2%
0.3%
0.4%
0.5%
1.7%
2.2%
0.6%
0.5%
0.3%
0.5%
0.1%
0.1%
0.3%
0.5%

$1 - $10 Billion
370

$10 - $100
Billion
39

Q3 2009
1.3%
0.4%
0.4%
2.3%
0.5%
0.5%
0.2%
0.5%

More than $100
Billion
3

12

Appendix A: Notes to Call and Thrift Financial Report Data Users
The Treasury Department invested $205 billion in banking organizations participating in the
Troubled Asset Relief Program’s Capital Purchase Program between October 28, 2008, and
September 30, 2009. These investments went to 683 indepe ndent ba nks and b ank a nd thrift
holding c ompanies. Treasury and the bank regulatory agencies use quarterly Call Report and
Thrift Financial Report data to analyze changes in balance sheets, loan provisioning, and
intermediation activities. The summary tables above present aggregated Call and Thrift
Financial Report data for the FDIC-insured institutions in banking organizations that received
TARP capital under the CPP.

Five groups of entities receiving CPP funds have been created for this report:
•

•
•
•
•

(I) The 21 largest bank holding companies that have received CPP funds. The 60 insured
subs idiaries of these BHCs inc lude the largest do mestic ba nks. These 21 e ntities each submit
consolidated monthly lending reports to Treasury. 8
(II) Independent banks and smaller bank and thrift holding companies that received CPP
funds in the fourth quarter of 2008.
(III) Independent banks and ba nk a nd thrift holding companies that received CPP funds in the
first quarter of 2009.
(IV) Independent banks and ba nk a nd thrift holding companies that received CPP funds in
the second quarter of 2009.
(V) Indepe nde nt ba nks and bank and thrift holding companies that received CPP funds in the
third quarter of 2009.

One group of entities not receiving CPP funds has been created for this report:
•

(VI) The 7,194 FDIC- insured ins titutions that were not in groups that had received CPP
capital as of September 30, 2009, make up the sixth group. About 94% of these institutions
have total assets of less than $1 b illion.

Templates summarizing selected balance sheet items and performance and condition ratios were
develope d a fter consultation with members of an interagenc y working group. Q uarterly c hanges
in loan balances, commitments, securities, and residential real estate loan originations for sale
address banks’ credit intermediation activities. 9 Changes in total equity capital at quarter-end, as
8

Treasury requested detailed consolidated monthly lending reports (“Monthly Lending and Intermediat ion
Snapshot”) fro m the 21 largest bank holding companies in the program, supplemented by monthly reports (“CPP
Monthly Lending Report”) by all CPP participants of three data points: average consumer loans outstanding,
average commercial loans outstanding, and total loans. These monthly reports have been published on the Treasury
web site at http://www.financialstability.gov/impact/surveys.htm. The Hartford, a thrift holding co mpany, submits a
Monthly Lending and Intermed iation Snapshot to Treasury as well, but is not included in Group I.

9

Call Report filers with assets over $1 billion or mo re than $10 million in mo rtgage origination for two consecutive
quarters report residential loans originated for sale.

13

well as changes in stock sales and transactions with parent holding companies during the quarter
are summed for each group (banks were instructed to report CPP capital infusions in these
items). Weighted average performance ratios were calculated for each group, as were weighted
average noncurrent rates and gross charge-off rates (not net of recoveries) for major loan types.
These summary tables allow comparison of growth, asset quality, performance and condition
between groups based o n size, whether or not they received CPP capital, and timing o f receipt of
CPP capital.

Data were collected for five quarters, Q3 2008 through Q3 2009, and percent changes from the
previous quarter were calculated for Q4 2008, Q1 2009, Q2 2009 and Q3 2009. Data items were
“merger-adjusted” to include institutions that had been acquired during the period from October
1, 2008, to September 30, 2009.
Insured Institutions by Asset Size Category (as of Q3 2009)
Entities
in CPP

Insured
Instituti ons

Less than
$1 Billion

$1 - $10
Billion

$10 - $100
Billion

More than
$100 Billion

I. Subsidiaries of Largest
BHCs Receiv ing CPP Funds

21

60

8

14

21

17

II. Independent Banks and
Subsidiaries of Smaller
Holding Co mpanies Receiving
CPP Funds in 4Q 2008

192

290

148

116

26

0

III. Independent Banks and
Subsidiaries of Holding
Co mpanies Receiving CPP
Funds in 1Q 2009

318

362

287

69

6

0

IV. Independent Banks and
Subsidiaries of Holding
Co mpanies Receiving CPP
Funds in 2Q 2009

116

147

141

6

0

0

V. Independent Banks and
Subsidiaries of Holding
Co mpanies Receiving CPP
Funds in 3Q 2009

36

46

42

4

0

0

VI. Insured Institutions Not in
Groups Receiving CPP Funds

NA

7,194

6,782

370

39

3

Total

683

8,099

7,408

579

92

20

Source: Treasury Analysis of Call and Thrift Financial Report Data

14

Section B: Consolidated Financial State ments for Bank Holding Companies (FR Y-9C
Data) Analysis
Many of Treasury’s investments through CPP have been made in bank holding companies,
which own subsidiary depository institutions and may also own other permitted types of
subs idiaries. 10 Many institutions in CPP indicated their intention to “downstream” funds to their
subsidiary depository institutions, which are the primary vehicles for financial intermediation
and traditional lending activity. The activity of these depository subsidiaries is thus included in
Call and Thrift Financial Report data, which are filed by individual depos itory institutions.
The Y-9C Report captures consolidated financial information from bank holding companies.
That is, the Y-9C Report captures not only the financial information of the subsidiary depository
institution(s) owned by a bank holding company, but also the financial information of any other
subsidiary owned by that bank holding company. Examples of other subs idiaries that may be
owned by bank holding companies include broker dealers, insurance companies, finance
companies, and asset management firms. This type of information is not captured in Call and
Thrift Financial Report data. As a result, Y-9C data typically present a fuller picture of bankingrelated activity for the banking organizations required to file them than Call and Thrift Financial
Report data.
In order to examine the possible effects of CPP and other stabilization initiatives on a range of
financial institutions, the interagency group chose to present Y-9C data in addition to Call and
Thrift Financial Report data. However, the aggregated Y-9C data can be somewhat more
volatile, particularly in this period o f financial crisis, for multiple reasons. In some cases those
bank holding compa nies with large non-depository subsidiaries were subject to greater or
different market pressures. In addition, the population of reporting holding companies shifted
significantly during this period as a noteworthy set of large financial firms chose to convert to
bank holding company status between fourth quarter 2008 and first quarter 2009. Those
institutions filed their first Y-9C reports in first quarter 2009, which resulted in large increases in
line items from fourth quarter 2008 to first quarter 2009. The increases are most pronounced in
Group I (the Top 21 CPP Participants). Four of the 21 institutions in Group I converted to bank
holding companies in the fourth quarter of 2008. 11 Similarly, two large financial firms in Group
III (U.S. Top Tier Bank Holding Companies receiving TARP Funds in Q1 2009) converted to
bank holding companies in the fourth quarter of 2008. Finally, two of the institutions in Group I

10

Investments were made at the bank holding co mpany level for all depository institutions owned by a bank holding
company. Similarly, investments were made at the thrift hold ing company level fo r all depository institutions
owned by a thrift holding co mpany. Thrift hold ing companies are not required to file detailed consolidated financial
reports.

11

The Hart ford, part of Treasury's Monthly Intermediation Snapshot "Top 22" reporting group, is a thrift hold ing
company and does not file a Y-9C Report.

15

acquired large ba nk holding companies in Q4 2008. A merger adjustment has been made for
those two institutions, but otherwise the data are not merger adjusted. 12
Because the content of the Y-9C report closely follows that of the Call Report and Thrift
Financial Report, the same line items that appear in the Call and Thrift Financial Report tables
appear in the Y-9C data tables. For more detailed information on the data tables, see Appe ndix
B: Note to Y-9C Data Users.
The data tables are split into five groups which mirror the five reporting groups presented in the
Call and Thrift Financial Report tables. The groups, which consist solely of top tier bank
holding companies, are:

Group

Description

The 21 Largest CPP Participants (as of
September 30, 2009)
Group II CPP Participants that were funded in
Q4 2008
Group III CPP Participants that were funded in
Q1 2009
Group IV CPP Participants that were funded in
Q2 2009
Group V CPP Participants that were funded in
Q3 2009
Group VI Non-CPP Participants (as of September
30, 2009)
Group I

Number of
Institutions
in Q3 2009
21
126
132
28
5
705

While percentage changes from Q3 2008 to Q4 2008 and Q4 2008 to Q1 2009 are presented for
balance sheet items, these numbers should be used with caution for reasons discussed above.

12

The financial information for Wachovia Corporation (acquired by Wells Fargo & Co mpany) and National City
Corporation (acquired by PNC Financial Serv ices Group) is included in the Q3 2008 figures for Group I.

16

Summary of Findings
Note: All changes refer to the change between second quarter 2009 and third quarter 2009,
unless otherwise noted.
Selected Balance and Off-Balance Sheet Items
Overall Asset Growth
Asset growth was positive across groups. Group VI had the largest increase in total assets
(2.7%). Group I saw the smallest growth in assets (0.8%).
Loan Growth13
All groups expe rienced negative growth in total loans. Group I experienced the largest decline in
total loan balances (-3.3%) and Group IV experienced the smallest decline (-1.1%).
Changes in o utstanding loa n ba lances by specific loa n categor y varied both by loan category and
group. In all groups, C&D loans, C&I loans, and closed-end 1-4 family residential loa ns
decreased, and all groups except Group I experienced growth in home equity lines of credit
(HELOCs) and C RE. All other loan categories experienced mixed growth by group.
Group I expe rienced negative growth across most loan categories; it expe rienced po sitive growth
in other cons umer and no growth in CRE. The largest decreases were in C&I loans and C &D
loans. Group VI experienced negative loa n growth across all categor ies except two (HELOCs
and CRE).
Groups II, III, IV and V experienced mixed growth across loan categories. Group II had positive
growth in three categories (HELOCs, credit card loa ns, and CRE loa ns) and negative growth in
four categories (C&D, mor tgages, other consumer loa ns, and C&I loans). Group III had positive
growth in three categories (HELOCs, other consumer loans, and CRE loa ns) and negative
growth in four categories (mor tgages, C&D, credit card loa ns, and C&I loans). Group IV had
pos itive growth in three categories (HELOCs, credit card loans, and CRE loa ns), negative
growth in two categories (mortgages, C&D and C&I loans) and no growth in other consumer
loans. Group V had positive growth in three categories (HELOCs, credit card loans and CRE)
and negative growth in the remaining categories.
Closed-end Mortgage and Open-end HELOC Originations 14
Closed-end mortgage originations (mortgages originated for sale and originations sold)
decreased in all groups. The largest decreases were in Group IV (-43.9% in mortgages
originated for sale, -52.2% in originations sold).

13

All loan growth figures refer to the change in outstanding loan balances.

14

Only Y-9C filers with assets over $1 b illion or more than $10 million in mortgage orig ination for t wo consecutive
quarters are required to report residential loans originated for sale (see Appendix B: Notes Y-9C Data Users).

17

All of the four groups (Groups I, II, IV and VI) that reported open-end HELOC originations in
Q3 2009 experienced decreases in HELOCs originated for sale and decreases in HELOC
or iginations sold for Group VI, increases for Groups I and II and no change for Group IV.
Securities on Balance Sheet
Asset-backed securities (ABS) increased in all groups except Groups I and IV, where ABS
decreased by -6.9% and -75.7% respectively. The largest increase in ABS was in Group III,
which saw a 169.4% increase.
Other Asset Growth
Unused commitments decreased in all groups. Group V had the largest percentage decrease (4.7%), while Group VI had the smallest percentage decrease (-1.0%). Securitization outstanding
principal decreased across all groups expect Group III (18.0%) and V (0.5%). Group IV had the
largest percentage decrease (-8.9%). Growth in cash & balances due was pos itive across all
groups. The largest increase was in Group III (57.1%) and the smallest increase was in Group I
(5.5%).
Liabilities
Total liabilities increased in all groups. Group IV had the largest increase in total liabilities
(2.7%) and Group I had the smallest increase in total liabilities (0.7%). Depos its grew in all
groups except Group V, where deposits decreased 1.0%. Group IV saw the largest growth in
total depos its (3.4%). Other borrowed money decreased in all groups except group V, with
Group II experiencing the largest decrease (-8.4%) and Group V with an increase of 8.1%.
Equity
As expected, growth in equity capital was strong in Q3 2009 for Group V (11.5%) as those
institutions received capital infus ions via CPP in Q3 2009. All groups had positive growth in
equity capital.
Performance Ratios 15
Capital Ratios
All capital ratios increased in Groups I, II, V and VI. The largest increases were in Group V,
which received CPP capital in Q3. In Group III, the tier 1 risk-based capital ratio and the total
risk-based capital ratio decreased and the tier one leverage ratio remained the same. I n Group I V,
the tier 1 risk-based capital ratio remained the same and the other two capital ratios decreased.
In Q3 2009, Group III had the highest tier 1 leverage ratio (10.5%), and tier 1 risk-based capital
ratio (12.6%) and Group I had the highest total risk based capital ratio (15.5%). Group VI had
the lowest capital ratios in bot h Q2 2009 and Q3 2009.
Earnings Ratios
Retur n on equity was negative in all groups except groups I and IV (with no c hange ) in Q3 2009
while retur n on assets was negative in groups II and III with no changes in groups IV, V and VI.
15

Performance rat ios reflect weighted averages for each group (see Appendix B: Notes to Y-9C Data Users).

18

Net interest margins were positive for all groups in Q3 2009. Groups III and IV both
experienced the highest in 3Q 2009.
Loss Coverage Ratios
Coverage ratios (allowance for loa n and lease losses to noncurrent loa ns) decreased in all groups
except Group IV. In Q3 2009, group I had the highest coverage ratio (63.7%).
The ratio o f loss provisions to net charge-offs (for the quarter) decreased in Groups I, II, III, and
VI, and increased in Groups IV and V. The largest increase was in Group IV. In Q3 2009,
Group I V had the highest ratio of loss provisions to net charge-offs (150.9%).
Net charge-offs to average loans and leases increased in all groups (the largest increase was in
Group I ). I n Q3 2009, Group I had the highest ratio of net charge-offs to average loans and
leases (3.1%) while Group V had the lowest ratio o f net charge-offs to average loans and leases
(1.2%).
Asset Quality: Noncurrent Loans
Total noncurrent loans as a percentage of total loans increased across all groups. The largest
increase in the ratio of total noncurrent loans to total loans was in Group I. In Q3 2009, Group I
had the highest ratio of total noncurrent loa ns to total loa ns (5.8%).
Asset Quality: Gross Charge-offs
Total charge-offs as a percentage of outstanding balances increased in groups I and IV decreased
in groups III and VI and had no c hange in groups II and V. I n Q3 2009, Group I had the highest
ratio of total charge-offs to total loans (0.9%), while Group V had the lowest ratio of total
charge-offs to total loans in Q3 2009 (0.4%).

19

I. 21 Largest BHCs Receiving CPP Funds to Date
Q4 2008
Selected Balance Sheet and Off Balance Sheet items
Number of Institutions Reporting

$ mi l l i ons

Q1 2009

%chg from prev

$ mi l l i ons

21

Q2 2009

%chg from prev

$ mi l l i ons

Q3 2009
%chg from prev

21

21

%chg from prev $ mi l l i ons

21

Assets
Loa ns
Construction & development
Closed-end 1-4 family residential
Home Equity
Credit Card
Other Consumer
Commercial & Industrial
Commercial Real Estate

$9,588,041
$4,546,018
$195,811
$1,169,712
$461,821
$344,906
$478,885
$979,435
$323,798

-1.7%
-3.0%
-4.3%
-1.5%
0.8%
5.5%
-4.8%
-0.9%
1.6%

$11,225,532
$4,615,432
$188,233
$1,196,790
$475,274
$311,810
$498,292
$947,774
$334,734

17.1%
1.5%
-3.9%
2.3%
2.9%
-9.6%
4.1%
-3.2%
3.4%

$11,128,030
$4,515,984
$179,946
$1,175,381
$472,985
$308,823
$486,545
$899,134
$331,834

Unus ed commi tments
Securi ti za ti on outs ta ndi ng pri nci pa l
Mortga ge-ba cked s ecuri ti es (GSE a nd pri va te i s s ue)
As s et-ba cked s ecuri ti es
Other s ecuri ti es
Ca s h & ba l a nces due

$5,241,290
$2,729,392
$754,183
$138,781
$352,186
$796,414

-8.8%
1.2%
4.0%
-44.0%
14.1%
39.5%

$4,959,733
$2,554,020
$804,898
$143,552
$453,800
$881,624

-5.4%
-6.4%
6.7%
3.4%
28.9%
10.7%

$4,826,991
$2,484,736
$859,211
$152,057
$499,793
$763,465

-2.7%
-2.7%
6.7%
5.9%
10.1%
-13.4%

$4,665,864
$2,439,171
$832,108
$141,586
$552,282
$805,281

-3.3%
-1.8%
-3.2%
-6.9%
10.5%
5.5%

$160,052
$2,674
$213,008
$2,076

-9.2%
57.5%
-13.7%
8.6%

$279,707
$2,933
$341,030
$3,252

74.8%
9.7%
60.1%
56.6%

$357,212
$3,429
$446,905
$2,822

27.7%
16.9%
31.0%
-13.2%

$273,596
$3,094
$388,518
$5,165

-23.4%
-9.8%
-13.1%
83.1%

$8,746,130
$4,888,312
$1,819,625

-2.8%
1.9%
-4.9%

$10,200,463
$4,836,840
$2,343,688

16.6%
-1.1%
28.8%

$10,084,892
$4,890,147
$2,182,492

-1.1% $10,154,558
1.1% $4,924,949
-6.9% $2,075,525

0.7%
0.7%
-4.9%

$829,642

11.1%

$1,008,262

21.5%

$1,022,590

1.4%

$1,037,402

1.4%

$263,519

NA

$44,038

NA

$165,395

NA

$179,538

NA

Res i denti a l mortga ge ori gi na ti ons
Closed-end mortgage originated for sale (quarter)
Open-end HELOC originated for sale (quarter)
Closed-end mortgage originations sold (quarter)
Open-end HELOC originations sold (quarter)
Liabilities
Depos i ts
Other borrowed money
Equity
Tota l equi ty ca pi ta l a t qua rter end
Stock s a l es a nd rel a ted tra ns a cti ons (cumul a ti ve through
ca l ender yea r)

Performance Ratios

Q1 2009

Q4 2008

Ti er 1 l evera ge ra ti o
Ti er 1 ri s k ba s ed ca pi ta l ra ti o
Tota l ri s k ba s ed ca pi ta l ra ti o

-0.9% $11,214,310
-2.2% $4,366,989
-4.4%
$170,582
-1.8% $1,116,582
-0.5%
$465,277
-1.0%
$302,380
-2.4%
$499,536
-5.1%
$827,839
-0.9%
$331,720

0.8%
-3.3%
-5.2%
-5.0%
-1.6%
-2.1%
2.7%
-7.9%
0.0%

Q3 2009

Q2 2009

7.9%
10.2%
13.9%

7.3%
11.0%
14.6%

7.6%
11.4%
15.1%

7.8%
11.8%
15.5%

1

-2.5%

1.8%

3.7%

4.6%

1

-0.2%

0.2%

0.3%

0.4%

3.1%
79.0%
174.6%

0.9%
69.9%
164.0%

1.6%
69.1%
149.9%

2.4%
63.7%
138.2%

76.0%

0.8%

1.9%

3.1%

Return on equi ty

Return on a s s ets

1

Net i nteres t ma rgi n (FTE)
Covera ge ra ti o (ALLL/Noncurrent l oa ns )
Los s provi s i on to net cha rge-offs (qua rter)
Net cha rge-offs to a vera ge l oa ns a nd l ea s es
1

1

Quarterly, annualized.
Noncurrent Loans

Asset Quality (% of Total Loan Type)
Construction & development
Closed-end 1-4 family residential
Home equity
Credit card
Other consumer
Commercial & Industrial
Commercial real estate
Total loans

Q4 2008
7.6%
6.6%
2.2%
3.1%
1.5%
2.0%
1.5%
3.4%

Q1 2009
10.4%
8.4%
2.5%
3.6%
1.8%
2.8%
2.7%
4.5%

Q2 2009
13.4%
9.3%
2.0%
4.0%
1.9%
3.3%
3.7%
5.0%

Gross Charge-Offs
Q3 2009
16.0%
11.2%
2.1%
3.5%
1.9%
4.2%
4.9%
5.8%

Q4 2008
0.9%
0.1%
0.4%
1.6%
0.8%
0.4%
0.1%
0.4%

Q1 2009
0.9%
0.4%
0.7%
2.4%
1.2%
0.5%
0.1%
0.7%

Q2 2009
1.2%
0.6%
0.9%
2.9%
1.2%
0.7%
0.2%
0.8%

Q3 2009
1.8%
0.6%
0.9%
3.0%
1.3%
0.8%
0.4%
0.9%

Source: Federal Reserve Y-9C Data

20

II. U.S. BHCs Receiving CPP Funds in 4th Quarter 2008
(excludes Top 21 BHCs)
Q4 2008
Selected Balance Sheet and Off Balance Sheet items
Number of Institutions Reporting

Q1 2009

Q2 2009

Q3 2009

$ mi l l i ons %chg from prev $ mi l l i ons %chg from prev $ mi l l i ons %chg from prev $ mi l l i ons %chg from prev
123
127
126
126

Assets
Loa ns
Construction & development
Closed-end 1-4 family residential
Home Equity
Credit Card
Other Consumer
Commercial & Industrial
Commercial Real Estate

$814,476
$585,731
$88,767
$97,538
$39,813
$2,060
$30,653
$119,468
$156,039

2.9%
0.7%
-3.1%
-0.6%
4.5%
0.2%
-2.4%
1.4%
2.9%

$815,283
$583,964
$86,702
$98,925
$40,888
$1,992
$28,888
$116,994
$159,091

0.1%
-0.3%
-2.3%
1.4%
2.7%
-3.3%
-5.8%
-2.1%
2.0%

$803,998
$577,765
$81,223
$98,436
$41,306
$2,031
$27,951
$113,632
$161,807

-1.4%
-1.1%
-6.3%
-0.5%
1.0%
2.0%
-3.2%
-2.9%
1.7%

$811,750
$567,993
$75,154
$95,519
$41,741
$2,044
$27,921
$109,535
$164,425

1.0%
-1.7%
-7.5%
-3.0%
1.1%
0.6%
-0.1%
-3.6%
1.6%

Unus ed commi tments
Securi ti za ti on outs ta ndi ng pri nci pa l
Mortga ge-ba cked s ecuri ti es (GSE a nd pri va te i s s ue)
As s et-ba cked s ecuri ti es
Other s ecuri ti es
Ca s h & ba l a nces due

$172,087
$41,718
$80,041
$3,083
$41,787
$27,783

-3.8%
-8.2%
12.2%
-10.0%
4.5%
52.9%

$167,273
$41,630
$84,959
$3,065
$40,534
$32,264

-2.8%
-0.2%
6.1%
-0.6%
-3.0%
16.1%

$155,333
$40,501
$84,536
$427
$43,864
$30,148

-7.1%
-2.7%
-0.5%
-86.1%
8.2%
-6.6%

$150,141
$40,394
$88,323
$822
$46,999
$41,918

-3.3%
-0.3%
4.5%
92.5%
7.1%
39.0%

$6,189
$25
$9,168
$204

-32.8%
34.1%
-35.0%
1931.2%

$14,983
$26
$17,649
$14

142.1%
1.9%
92.5%
-93.4%

$18,404
$30
$22,590
$10

22.8%
16.8%
28.0%
-28.9%

$11,982
$13
$17,097
$11

-34.9%
-57.4%
-24.3%
12.0%

$725,372
$565,752
$80,291

1.3%
3.5%
-10.0%

$730,354
$584,212
$71,100

0.7%
3.3%
-11.4%

$721,846
$586,986
$64,391

-1.2%
0.5%
-9.4%

$728,394
$599,941
$58,988

0.9%
2.2%
-8.4%

$88,488

18.7%

$83,983

-5.1%

$81,204

-3.3%

$82,391

1.5%

$20,802

NA

$206

NA

$2,253

NA

$5,745

NA

Res i denti a l mortga ge ori gi na ti ons
Closed-end mortgage originated for sale (quarter)
Open-end HELOC originated for sale (quarter)
Closed-end mortgage originations sold (quarter)
Open-end HELOC originations sold (quarter)
Liabilities
Depos i ts
Other borrowed money
Equity
Tota l equi ty ca pi ta l a t qua rter end
Stock s a l es a nd rel a ted tra ns a cti ons (cumul a ti ve through
ca l ender yea r)

Performance Ratios

Q4 2008

Q1 2009

Q2 2009

Q3 2009

Ti er 1 l evera ge ra ti o
Ti er 1 ri s k ba s ed ca pi ta l ra ti o
Tota l ri s k ba s ed ca pi ta l ra ti o

9.9%
11.5%
14.1%

9.5%
11.3%
13.9%

9.3%
11.1%
13.6%

9.4%
11.5%
14.0%

Return on equi ty1

-5.1%

-6.3%

-11.3%

-15.2%

-0.6%

-0.6%

-1.1%

-1.5%

4.1%
67.2%
154.7%

1.0%
58.9%
143.5%

2.1%
58.5%
143.8%

3.1%
56.3%
135.5%

1.6%

0.6%

1.6%

2.5%

Return on a s s ets

1
1

Net i nteres t ma rgi n (FTE)
Covera ge ra ti o (ALLL/Noncurrent l oa ns )
Los s provi s i on to net cha rge-offs (qua rter)
Net cha rge-offs to a vera ge l oa ns a nd l ea s es
1

1

Quarterly, annualized.

Asset Quality (% of Total Loan Type)
Construction & development
Closed-end 1-4 family residential
Home equity
Credit card
Other consumer
Commercial & Industrial
Commercial real estate
Total loans

Q4 2008
8.7%
2.8%
0.8%
2.5%
0.6%
1.6%
1.4%
2.8%

Noncurrent Loans
Q2 2009
12.9%
4.4%
0.9%
2.7%
0.8%
2.6%
2.5%
4.2%

Q1 2009
11.3%
3.8%
1.0%
2.8%
0.7%
2.1%
2.0%
3.6%

Q3 2009
14.9%
4.8%
0.9%
2.5%
0.9%
2.7%
3.2%
4.7%

Q4 2008
1.5%
0.3%
0.3%
1.5%
0.6%
0.5%
0.1%
0.5%

Gross Charge-Offs
Q2 2009
2.3%
0.4%
0.4%
2.0%
0.6%
0.7%
0.2%
0.7%

Q1 2009
1.3%
0.3%
0.4%
1.7%
1.0%
0.6%
0.1%
0.5%

Q3 2009
2.2%
0.5%
0.4%
1.9%
0.6%
0.8%
0.3%
0.7%

Source: Federal Reserve Y-9C Data

21

III. U.S. BHCs Receiving CPP Funds in 1st Quarter 2009
(excludes Top 21 BHCs)
Q4 2008
Selected Balance Sheet and Off Balance Sheet items
Number of Institutions Reporting
Assets
Loa ns
Construction & development
Closed-end 1-4 family residential
Home Equity
Credit Card
Other Consumer
Commercial & Industrial
Commercial Real Estate
Unus ed commi tments
Securi ti za ti on outs ta ndi ng pri nci pa l
Mortga ge-ba cked s ecuri ti es (GSE a nd pri va te i s s ue)
As s et-ba cked s ecuri ti es
Other s ecuri ti es
Ca s h & ba l a nces due
Res i denti a l mortga ge ori gi na ti ons
Closed-end mortgage originated for sale (quarter)
Open-end HELOC originated for sale (quarter)
Closed-end mortgage originations sold (quarter)
Open-end HELOC originations sold (quarter)
Liabilities
Depos i ts
Other borrowed money
Equity
Tota l equi ty ca pi ta l a t qua rter end
Stock s a l es a nd rel a ted tra ns a cti ons (cumul a ti ve through
ca l ender yea r)

Performance Ratios

Q1 2009

Q2 2009

Q3 2009

$ mi l l i ons %chg from prev $ mi l l i ons %chg from prev $ mi l l i ons %chg from prev $ mi l l i ons %chg from prev
118

130

131

132

$234,625
$170,325
$25,576
$34,065
$7,655
$272
$8,710
$30,474
$48,519

3.3%
2.2%
-1.6%
1.8%
5.3%
1.2%
-0.6%
1.9%
4.8%

$249,250
$177,726
$26,248
$34,963
$8,077
$258
$8,728
$31,728
$51,596

6.2%
4.3%
2.6%
2.6%
5.5%
-5.3%
0.2%
4.1%
6.3%

$294,236
$207,038
$25,555
$35,623
$8,401
$25,586
$10,765
$32,000
$53,226

18.0%
16.5%
-2.6%
1.9%
4.0%
9826.1%
23.3%
0.9%
3.2%

$299,465
$202,864
$24,451
$34,839
$8,637
$20,262
$11,700
$31,537
$54,478

1.8%
-2.0%
-4.3%
-2.2%
2.8%
-20.8%
8.7%
-1.4%
2.4%

$36,531
$598
$23,616
$107
$17,028
$7,785

-4.4%
0.2%
8.1%
29.3%
0.3%
54.6%

$37,375
$719
$25,097
$115
$18,180
$10,591

2.3%
20.1%
6.3%
7.9%
6.8%
36.0%

$214,679
$23,586
$26,748
$1,561
$23,092
$15,695

474.4%
3182.4%
6.6%
1256.3%
27.0%
48.2%

$209,574
$27,842
$26,658
$4,206
$20,440
$24,663

-2.4%
18.0%
-0.3%
169.4%
-11.5%
57.1%

$5,076
$0
$6,123
$0

10.1%
-100.0%
6.5%
-30.5%

$9,758
$0
$11,015
$0

92.2%
-79.9%
-100.0%

$12,628
$0
$14,341
$0

29.4%
-30.2%
--

$8,327
$0
$10,443
$0

-34.1%
--27.2%
--

$215,946
$176,292
$21,204

3.6%
3.9%
1.2%

$225,288
$186,931
$21,552

4.3%
6.0%
1.6%

$262,874
$220,005
$20,860

16.7%
17.7%
-3.2%

$267,439
$225,864
$19,585

1.7%
2.7%
-6.1%

$18,589

0.0%

$23,908

28.6%

$31,309

31.0%

$31,977

2.1%

$545

NA

$4,740

NA

$7,200

NA

$8,183

NA

Q4 2008

Ti er 1 l evera ge ra ti o
Ti er 1 ri s k ba s ed ca pi ta l ra ti o
Tota l ri s k ba s ed ca pi ta l ra ti o

Q1 2009

Q2 2009

Q3 2009

7.9%
9.7%
11.4%

9.7%
12.2%
13.7%

10.5%
13.1%
14.7%

10.5%
12.6%
14.1%

Return on equi ty1

2.1%

-0.4%

-0.3%

-1.4%

Return on a s s ets 1

0.2%

0.0%

0.0%

-0.2%

4.2%
56.2%
157.4%

1.0%
51.4%
180.1%

2.3%
64.8%
149.2%

3.4%
57.2%
135.5%

1.0%

0.3%

1.5%

2.4%

Net i nteres t ma rgi n (FTE) 1
Covera ge ra ti o (ALLL/Noncurrent l oa ns )
Los s provi s i on to net cha rge-offs (qua rter)
Net cha rge-offs to a vera ge l oa ns a nd l ea s es 1
1

Quarterly, annualized.

Asset Quality (% of Total Loan Type)
Construction & development
Closed-end 1-4 family residential
Home equity
Credit card
Other consumer
Commercial & Industrial
Commercial real estate
Total loans

Q4 2008
7.8%
3.1%
0.6%
1.1%
0.8%
1.6%
1.6%
2.8%

Noncurrent Loans
Q1 2009
Q2 2009
8.6%
11.7%
3.6%
4.3%
1.1%
1.1%
1.6%
6.2%
0.7%
0.8%
2.9%
3.2%
2.1%
2.6%
3.4%
4.4%

Q3 2009
14.3%
4.9%
1.2%
2.8%
0.8%
4.4%
3.5%
4.9%

Q4 2008
1.1%
0.2%
0.3%
1.4%
0.8%
0.3%
0.1%
0.4%

Gross Charge-Offs
Q1 2009
Q2 2009
0.7%
1.2%
0.1%
0.2%
0.1%
0.2%
1.8%
8.4%
0.7%
0.9%
0.3%
0.9%
0.1%
0.2%
0.3%
1.1%

Q3 2009
2.0%
0.2%
0.1%
2.2%
0.7%
0.5%
0.2%
0.7%

Source: Federal Reserve Y-9C Data

22

IV. U.S. BHCs Receiving CPP Funds in 2nd Quarter 2009
(excludes Top 21 BHCs)
Q4 2008
Selected Balance Sheet and Off Balance Sheet items
Number of Institutions Reporting
Assets
Loa ns
Construction & development
Closed-end 1-4 family residential
Home Equity
Credit Card
Other Consumer
Commercial & Industrial
Commercial Real Estate
Unus ed commi tments
Securi ti za ti on outs ta ndi ng pri nci pa l
Mortga ge-ba cked s ecuri ti es (GSE a nd pri va te i s s ue)
As s et-ba cked s ecuri ti es
Other s ecuri ti es
Ca s h & ba l a nces due
Res i denti a l mortga ge ori gi na ti ons
Closed-end mortgage originated for sale (quarter)
Open-end HELOC originated for sale (quarter)
Closed-end mortgage originations sold (quarter)
Open-end HELOC originations sold (quarter)
Liabilities
Depos i ts
Other borrowed money
Equity
Tota l equi ty ca pi ta l a t qua rter end
Stock s a l es a nd rel a ted tra ns a cti ons (cumul a ti ve through
ca l ender yea r)

Performance Ratios

Q1 2009

Q2 2009

Q3 2009

$ mi l l i ons %chg from prev $ mi l l i ons %chg from prev $ mi l l i ons %chg from prev $ mi l l i ons %chg from prev
26
27
28
28
$27,319
$21,102
$3,595
$3,302
$1,305
$7
$403
$3,115
$7,325

3.4%
2.9%
-0.7%
5.0%
10.6%
1.5%
-3.0%
1.8%
3.9%

$28,117
$21,503
$3,524
$3,513
$1,367
$7
$377
$3,069
$7,594

2.9%
1.9%
-2.0%
6.4%
4.7%
-7.5%
-6.4%
-1.5%
3.7%

$28,681
$21,895
$3,268
$3,718
$1,382
$7
$416
$3,062
$7,914

2.0%
1.8%
-7.3%
5.8%
1.1%
5.1%
10.3%
-0.2%
4.2%

$29,392
$21,659
$3,084
$3,583
$1,428
$7
$416
$3,024
$7,962

2.5%
-1.1%
-5.6%
-3.6%
3.3%
1.9%
0.0%
-1.3%
0.6%

$4,052
$139
$1,902
$8
$1,681
$899

-7.6%
-1.4%
7.7%
46.0%
2.1%
21.6%

$3,859
$186
$1,879
$11
$1,809
$1,015

-4.8%
34.1%
-1.2%
42.1%
7.6%
12.9%

$3,523
$132
$1,822
$19
$1,878
$1,201

-8.7%
-28.7%
-3.1%
73.3%
3.8%
18.3%

$3,434
$121
$1,946
$5
$2,059
$1,463

-2.5%
-8.9%
6.8%
-75.7%
9.7%
21.9%

$337
$0
$380
$0

17.1%
-12.9%
--

$1,234
$0
$1,305
$0

266.1%
-243.2%
--

$1,960
$1
$2,155
$0

58.8%
-65.1%
--

$1,099
$0
$1,451
$0

-43.9%
-52.2%
-32.7%
--

$25,115
$21,463
$2,360

3.5%
3.7%
6.7%

$25,897
$22,413
$2,254

3.1%
4.4%
-4.5%

$26,152
$22,569
$2,074

1.0%
0.7%
-8.0%

$26,846
$23,340
$1,902

2.7%
3.4%
-8.3%

$2,135

2.1%

$2,150

0.7%

$2,458

14.4%

$2,477

0.8%

$37

NA

$8

NA

$296

NA

$317

NA

Q4 2008

Q1 2009

Q2 2009

Q3 2009

8.5%
10.0%
11.7%

8.3%
10.1%
11.9%

9.8%
12.1%
14.3%

9.6%
12.0%
14.2%

Return on equi ty1

2.3%

-1.2%

-2.5%

-3.0%

Return on a s s ets 1

0.2%

-0.1%

-0.2%

-0.3%

4.5%
50.3%
129.3%

1.1%
42.2%
111.3%

2.2%
42.5%
135.5%

3.3%
45.5%
150.9%

1.1%

0.3%

0.7%

1.3%

Ti er 1 l evera ge ra ti o
Ti er 1 ri s k ba s ed ca pi ta l ra ti o
Tota l ri s k ba s ed ca pi ta l ra ti o

Net i nteres t ma rgi n (FTE) 1
Covera ge ra ti o (ALLL/Noncurrent l oa ns )
Los s provi s i on to net cha rge-offs (qua rter)
Net cha rge-offs to a vera ge l oa ns a nd l ea s es 1
1

Quarterly, annualized.
Noncurrent Loans

Asset Quality (% of Total Loan Type)
Construction & development
Closed-end 1-4 family residential
Home equity
Credit card
Other consumer
Commercial & Industrial
Commercial real estate
Total loans

Q4 2008
7.5%
2.4%
0.6%
0.3%
1.1%
1.8%
2.2%
2.9%

Q1 2009
8.7%
2.8%
0.7%
0.6%
1.0%
2.8%
2.9%
3.6%

Q2 2009
9.3%
3.9%
0.8%
0.3%
0.8%
2.5%
3.4%
3.9%

Gross Charge-Offs
Q3 2009
9.7%
4.6%
1.2%
0.2%
0.8%
2.7%
3.9%
4.3%

Q4 2008
0.9%
0.3%
0.2%
1.0%
0.4%
0.5%
0.1%
0.4%

Q1 2009
0.7%
0.2%
0.1%
1.2%
0.3%
0.3%
0.1%
0.3%

Q2 2009
0.7%
0.2%
0.1%
1.0%
0.4%
0.7%
0.2%
0.4%

Q3 2009
1.3%
0.3%
0.1%
0.9%
0.6%
0.5%
0.4%
0.5%

Source: Federal Reserve Y-9C Data

23

V. U.S. BHCs Receiving CPP Funds in 3rd Quarter 2009
(excludes Top 21 BHCs)
Q4 2008
Selected Balance Sheet and Off Balance Sheet items
Number of Institutions Reporting

Q1 2009

Q2 2009

Q3 2009

$ mi l l i ons %chg from prev $ mi l l i ons %chg from prev $ mi l l i ons %chg from prev $ mi l l i ons %chg from prev
5
5
5
5

Assets
Loa ns
Construction & development
Closed-end 1-4 family residential
Home Equity
Credit Card
Other Consumer
Commercial & Industrial
Commercial Real Estate

$7,201
$5,375
$640
$835
$829
$4
$116
$934
$1,519

2.4%
-0.3%
-1.5%
-1.2%
2.9%
0.6%
-3.6%
-6.9%
4.6%

$7,614
$5,309
$648
$834
$838
$4
$109
$877
$1,490

5.7%
-1.2%
1.3%
-0.2%
1.2%
-6.2%
-6.0%
-6.2%
-1.9%

$7,471
$5,230
$588
$817
$831
$4
$107
$876
$1,502

-1.9%
-1.5%
-9.2%
-1.9%
-0.8%
5.3%
-2.1%
0.0%
0.8%

$7,616
$5,130
$528
$805
$832
$5
$106
$851
$1,523

2.0%
-1.9%
-10.2%
-1.5%
0.1%
3.7%
-0.9%
-2.9%
1.4%

Unus ed commi tments
Securi ti za ti on outs ta ndi ng pri nci pa l
Mortga ge-ba cked s ecuri ti es (GSE a nd pri va te i s s ue)
As s et-ba cked s ecuri ti es
Other s ecuri ti es
Ca s h & ba l a nces due

$1,452
$0
$919
$1
$249
$314

-11.0%
-13.4%
-53.2%
-2.6%
46.8%

$1,302
$0
$1,131
$0
$403
$322

-10.4%
-23.1%
-35.6%
61.9%
2.7%

$1,219
$2
$1,190
$0
$387
$305

-6.4%
-5.2%
-27.6%
-4.0%
-5.4%

$1,161
$2
$1,347
$0
$396
$360

-4.7%
0.5%
13.2%
3.1%
2.4%
18.1%

$22
$0
$26
$0

-13.4%
--11.2%
--

$51
$0
$57
$0

132.5%
-114.0%
--

$67
$0
$76
$0

32.5%
-34.4%
--

$45
$0
$54
$0

-32.8%
--29.6%
--

$6,631
$5,599
$692

2.9%
2.9%
6.9%

$7,050
$5,861
$830

6.3%
4.7%
19.9%

$6,893
$5,947
$608

-2.2%
1.5%
-26.7%

$6,973
$5,887
$657

1.2%
-1.0%
8.1%

$570

-3.9%

$564

-1.1%

$577

2.3%

$644

11.5%

$14

NA

$0

NA

$19

NA

$73

NA

Res i denti a l mortga ge ori gi na ti ons
Closed-end mortgage originated for sale (quarter)
Open-end HELOC originated for sale (quarter)
Closed-end mortgage originations sold (quarter)
Open-end HELOC originations sold (quarter)
Liabilities
Depos i ts
Other borrowed money
Equity
Tota l equi ty ca pi ta l a t qua rter end
Stock s a l es a nd rel a ted tra ns a cti ons (cumul a ti ve through
ca l ender yea r)

Performance Ratios

Q1 2009

Q4 2008

Q3 2009

Q2 2009

Ti er 1 l evera ge ra ti o
Ti er 1 ri s k ba s ed ca pi ta l ra ti o
Tota l ri s k ba s ed ca pi ta l ra ti o

7.7%
9.1%
11.0%

7.4%
9.1%
11.0%

7.5%
9.4%
11.3%

9.1%
11.6%
13.9%

Return on equi ty1

-8.7%

0.4%

-0.5%

-1.0%

Return on a s s ets 1

-0.7%

0.0%

0.0%

-0.1%

4.1%
53.9%
163.0%

0.9%
54.3%
108.2%

1.9%
61.5%
117.5%

3.0%
60.6%
120.4%

1.2%

0.3%

0.7%

1.2%

Net i nteres t ma rgi n (FTE) 1
Covera ge ra ti o (ALLL/Noncurrent l oa ns )
Los s provi s i on to net cha rge-offs (qua rter)
Net cha rge-offs to a vera ge l oa ns a nd l ea s es 1
1

Quarterly, annualized.
Noncurrent Loans

Asset Quality (% of Total Loan Type)
Construction & development
Closed-end 1-4 family residential
Home equity
Credit card
Other consumer
Commercial & Industrial
Commercial real estate
Total loans

Q4 2008
15.0%
1.7%
0.6%
0.4%
0.8%
0.7%
2.3%
3.2%

Q1 2009
14.5%
2.0%
0.8%
0.3%
0.9%
1.9%
1.7%
3.2%

Q2 2009
11.3%
2.5%
0.9%
0.2%
0.8%
2.4%
1.9%
3.0%

Gross Charge-Offs
Q3 2009
13.7%
3.4%
1.1%
0.7%
1.0%
2.0%
2.1%
3.3%

Q4 2008
3.6%
0.3%
0.2%
0.6%
0.5%
0.4%
0.0%
0.6%

Q1 2009
0.9%
0.2%
0.3%
0.6%
0.4%
0.1%
0.0%
0.2%

Q2 2009
1.6%
0.1%
0.2%
0.9%
0.4%
0.1%
0.2%
0.3%

Q3 2009
1.2%
0.3%
0.2%
1.2%
0.6%
0.4%
0.1%
0.4%

Source: Federal Reserve Y-9C Data

24

VI. U.S. Top Tier BHCs Not Receiving CPP Funds
Q4 2008
Selected Balance Sheet and Off Balance Sheet items

$ mi l l i ons

Q1 2009

Q2 2009

Q3 2009

Assets
Loa ns
Construction & development
Closed-end 1-4 family residential
Home Equity
Credit Card
Other Consumer
Commercial & Industrial
Commercial Real Estate

%chg from prev $ mi l l i ons

%chg from prev $ mi l l i ons

%chg from prev

684

Number of Institutions Reporting

%chg from prev $ mi l l i ons

721

714

705

$3,519,551
$1,573,747
$160,474
$360,290
$78,162
$69,249
$123,992
$246,562
$319,850

Res i denti a l mortga ge ori gi na ti ons
Closed-end mortgage originated for sale (quarter)
Open-end HELOC originated for sale (quarter)
Closed-end mortgage originations sold (quarter)
Open-end HELOC originations sold (quarter)
Liabilities
Depos i ts
Other borrowed money
Equity
Tota l equi ty ca pi ta l a t qua rter end
Stock s a l es a nd rel a ted tra ns a cti ons (cumul a ti ve through
ca l ender yea r)

Performance Ratios

$3,508,066
$1,555,599
$157,043
$359,960
$80,641
$63,879
$122,003
$239,654
$328,626

-0.3%
-1.2%
-2.1%
-0.1%
3.2%
-7.8%
-1.6%
-2.8%
2.7%

$3,423,974
$1,503,567
$144,086
$346,153
$81,227
$61,711
$116,367
$232,529
$314,354

-2.4%
-3.3%
-8.3%
-3.8%
0.7%
-3.4%
-4.6%
-3.0%
-4.3%

$3,515,732
$1,474,436
$131,450
$335,985
$81,919
$60,450
$112,629
$223,464
$317,067

2.7%
-1.9%
-8.8%
-2.9%
0.9%
-2.0%
-3.2%
-3.9%
0.9%

$667,534
$75,787
$267,088
$24,333
$334,331
$252,050

-35.2%
-64.5%
-25.7%
-27.5%
-2.9%
33.9%

$651,385
$71,933
$267,041
$25,022
$341,025
$204,276

-2.4%
-5.1%
0.0%
2.8%
2.0%
-19.0%

$620,209
$67,405
$264,936
$26,694
$365,255
$189,846

-4.8%
-6.3%
-0.8%
6.7%
7.1%
-7.1%

$614,030
$66,000
$276,113
$28,723
$381,396
$214,869

-1.0%
-2.1%
4.2%
7.6%
4.4%
13.2%

$31,116
$70
$61,292
$27

-20.5%
-37.1%
-18.3%
-11.7%

$58,620
$18
$82,542
$188

88.4%
-74.3%
34.7%
597.5%

$45,099
$17
$69,463
$26

-23.1%
-2.3%
-15.8%
-86.0%

$28,475
$11
$50,959
$1

-36.9%
-37.2%
-26.6%
-97.4%

$3,268,798
$1,500,862
$576,023

Unus ed commi tments
Securi ti za ti on outs ta ndi ng pri nci pa l
Mortga ge-ba cked s ecuri ti es (GSE a nd pri va te i s s ue)
As s et-ba cked s ecuri ti es
Other s ecuri ti es
Ca s h & ba l a nces due

-29.9%
-28.6%
-19.7%
-39.2%
-37.2%
-6.1%
-27.1%
-33.9%
-15.0%

-30.3%
-23.1%
-27.6%

$3,251,429
$1,508,523
$534,186

-0.5%
0.5%
-7.3%

$3,167,185
$1,475,892
$505,011

-2.6%
-2.2%
-5.5%

$3,240,581
$1,510,310
$463,808

2.3%
2.3%
-8.2%

$241,575

-24.2%

$247,777

2.6%

$247,892

0.0%

$263,782

6.4%

$17,097

NA

$3,684

NA

$7,578

NA

$7,978

NA

Q4 2008

Q1 2009

Q2 2009

Q3 2009

Ti er 1 l evera ge ra ti o
Ti er 1 ri s k ba s ed ca pi ta l ra ti o
Tota l ri s k ba s ed ca pi ta l ra ti o

4.6%
8.3%
10.1%

4.9%
8.3%
10.1%

5.0%
8.4%
10.2%

Return on equi ty1

-4.4%

0.2%

-4.7%

-4.6%

1

-0.3%

0.0%

-0.3%

-0.3%

3.5%
76.0%
141.4%

0.8%
68.8%
144.7%

1.7%
67.4%
131.4%

2.5%
63.2%
127.1%

2.0%

0.6%

1.4%

2.1%

Return on a s s ets

1

Net i nteres t ma rgi n (FTE)
Covera ge ra ti o (ALLL/Noncurrent l oa ns )
Los s provi s i on to net cha rge-offs (qua rter)
Net cha rge-offs to a vera ge l oa ns a nd l ea s es
1

1

5.3%
8.9%
10.8%

Quarterly, annualized.

Asset Quality (% of Total Loan Type)
Construction & development
Closed-end 1-4 family residential
Home equity
Credit card
Other consumer
Commercial & Industrial
Commercial real estate
Total loans

Q4 2008
9.1%
2.8%
0.9%
3.3%
2.7%
1.1%
1.6%
2.6%

Noncurrent Loans
Q1 2009
Q2 2009
12.6%
14.2%
4.8%
4.7%
1.4%
1.3%
3.8%
3.8%
2.6%
2.6%
1.7%
1.9%
2.1%
2.6%
3.7%
4.0%

Q3 2009
14.5%
5.5%
1.3%
3.8%
2.8%
2.6%
3.5%
4.5%

Q4 2008
0.8%
-0.4%
-0.2%
1.9%
0.2%
0.0%
0.1%
0.1%

Gross Charge-Offs
Q1 2009
Q2 2009
0.7%
1.3%
0.4%
0.5%
0.4%
0.4%
2.9%
2.8%
1.1%
1.6%
0.3%
0.4%
0.1%
0.1%
0.5%
0.6%

Q3 2009
1.0%
0.5%
0.5%
3.1%
1.3%
0.4%
0.2%
0.6%

Source: Federal Reserve Y-9C Data

25

Appendix B: Notes to Y-9C Data Users
•

Data are from the Consolidated Financial Statements for Bank Holding Companies Y-9C
Report Form. Only top tier holding companies with $500 million or more in consolidated
assets are required to file Y-9C Reports. 16

•

GMAC is excluded from all groups as GMAC received TARP funds under the
Automotive Industry Financing P rogram.

•

Generally, data are not adjusted to reflect subsequent mergers between bank holding
companies, which can contribute to shifts in reporting populations after the date of the
merger. The data are only adjusted to reflect the acquisition of Wachovia Corporation
(acquired by Wells Fargo & Company) and National City Corporation (acquired by PNC
Financial Services Group) in Q4 2008.

•

Unused commitments include home equity lines, credit card lines, securities
underwriting, other unused commitments and unused commitments (unsecured and
secured by real estate) to fund commercial real estate, construction, and land
development.

•

Securitization outstanding pr incipal includes the principal balance of assets sold and
securitized with servicing retained or with recourse or other seller-provided credit
enhancements.

•

Residential Mortgage Origination data comes from schedule HC-P of the Y-9C which is
completed only by bank holding companies with $1,000,000,000 or more in total assets;
and by bank holding companies with less than $1,000,000,000 in total assets with 1-4
family mortgage originations and purchases for resale exceeding $10,000,000 two
quarters in a row.

•

Stock sales and related transactions equals the sale of perpetual preferred and common
stock net of conversion or retirement of like stock plus sale of treasury stock net of
purchase adjusted to provide quarterly figures.

•

Weighted average performance ratios were calculated for each group.

•

The ratios ROE, ROA, net interest margin, net charge-offs to average loans are
annualized.

16

In some cases, “BHCs meet ing certain criteria may be required to file this report, regard less of size. However,
when such BHCs own or control, or are o wned or controlled by, other BHCs, only top-tier holding co mpanies must
file this report for the consolidated holding company organization.” See The Federal Reserve Board’s “Reporting
Forms” page for more detailed informat ion (http://federalreserve.gov/reportforms/default.cfm).

26

•

Coverage ratio equals the allowance for loan and lease losses as a percentage of
nonaccrual loans or loans past due 90 or more days and still accruing.

•

Gross charge-off rates use average of period end assets for denominator and are adjusted
to provide quarterly figures.

Source: Treas ury Analysis of Y-9C Data

27


Federal Reserve Bank of St. Louis, One Federal Reserve Bank Plaza, St. Louis, MO 63102