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Quarterly Analysis of Institutions in the Capital Purchase Program
First Quarter 2010
Introduction
Throughout 2008, 2009, and 2010, 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 support 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
financial institutions and their activities, an interagency group convened to determine and
conduct appropriate analyses. The interagency group consisted 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. and other
governments, including the initial announcement of the CPP and other U.S. initiatives, adds to
the challenges of identifying effects of specific programs or groups of programs. Significant
repayments of CPP funds present further analytical challenges as the panel of CPP recipients and
their characteristics has shifted over time. Notwithstanding these challenges, in the interest of
providing information to the market and the U.S. public, Treasury continues 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 other 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 data
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. The
tables present first quarter 2010 data as aggregate and median levels and present median changes
from third quarter 2008 (the quarter prior to the inception of CPP), first quarter 2009 (the
previous year), and fourth quarter 2009 (the previous quarter). 2
The group recognized that both institution size and the timing of CPP capital investments would
likely have a bearing on this type of analysis. In previous versions of the report, CPP
participants were broken into groups by the quarter of initial CPP funding, with all non-CPP
participants comprising a separate group. Data were displayed as aggregate amounts for each
group. As the final CPP fundings occurred in December 2009, Treasury has changed the
grouping methodology. These tables now distinguish financial institutions by size and whether
they participated in CPP. The asset size distinctions are made in two ways. For the analysis of
Call Report data, asset size is determined by the sum of assets of depository institutions,
consolidated by bank holding company (asset size is assigned to independent depository
institutions by the asset size of the individual institution). 3 For the analysis of Y-9C data, asset
size is determined by the asset size of the bank holding company. For both the Call Report and
Y-9C sections asset size is assigned using first quarter 2010 data. 4 Institutions whose highest
parent bank holding company is flagged as more than 24.9 percent foreign owned are removed
from both the Call Report and Y-9C sections. 5
Four groups of entities receiving CPP funds have been created for this report:
•
•
•
•
CPP (I) Assets greater than $100 billion.
CPP (II) Assets between $10 billion and $100 billion.
CPP (III) Assets between $1 billion and $10 billion.
CPP (IV) Assets less than $1 billion.
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 companies 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.
3
All figures reflect depository institution data aggregated by bank holding company (when applicable).
4
Call Report data are merger adjusted to reflect mergers that have occurred through first quarter 2010. Y-9C 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 fourth quarter 2008.
5
Foreign owned (24.9% or higher) institutions were not eligible to receive TARP capital under the CPP.
2
Three groups of entities not receiving CPP funds have been created for this report 6 :
•
•
•
Non-CPP (V) Assets between $10 billion and $100 billion.
Non-CPP (VI) Assets between $1 billion and $10 billion.
Non-CPP (VII) Assets less than $1 billion.
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. Second, these data are not seasonally
adjusted, which may drive some of the quarter-to-quarter variations. And third, for a more
meaningful comparison between CPP and Non-CPP institutions, one should take into account
characteristics in addition to size. Treasury is continuing to refine its analysis accordingly.
6
After data adjustments, there are no non-CPP depository institutions with assets greater than $100 billion (in the
Call Report section). There was one bank holding company with assets greater than $100 billion, MetLife (in the Y9C section). MetLife was removed from the non-CPP group given that MetLife’s primary business specialization is
insurance and not banking.
3
Section A: Call and Thrift Financial Report Analysis
The Call and Thrift Financial Report data are organized into seven tables, by group:
Group
Group I
1
Description
CPP Participants with assets over
$100 billion
Group II
CPP Participants with assets
between $10 and $100 billion
Group III CPP Participants with assets
between $1 and $10 billion
Group IV CPP Participants with assets under
$1 billion
Group V
Non-CPP Participants with assets
between $10 and $100 billion
Group VI Non-CPP Participants with assets
between $1 and $10 billion
Group VII Non-CPP Participants with assets
under $1 billion
Bank
Independent
Holding
Depository
Companies Institutions
Total Assets of % of Total
Depository
Assets of All
Institutions in Depository
Group (Millions) Institutions
13
0
$7,704,359
63%
38
3
$1,214,115
10%
166
21
$495,387
4%
349
113
$167,505
1%
14
14
$688,417
6%
241
114
$868,721
7%
4,066
1,886
$1,186,573
10%
1. Asset size is determined by the sum of assets of depository institutions, consolidated by bank holding company (asset
size is assigned to independent depository institutions by the asset size of the individual institution). Figures are as of
first quarter 2010.
Summary of Findings
Note: All changes refer to the median change between third quarter 2008 and first quarter 2010,
unless otherwise noted.
Selected Balance and Off-Balance Sheet Items
Overall Asset Growth
Asset growth was higher for Non-CPP institutions in each size group except for institutions with
less than $1 billion in assets. For institutions with less than $1 billion in assets, CPP institutions
had 10.4% growth in total assets and Non-CPP institutions had 7.1% growth in total assets.
Loan Growth 7
All asset size groups (CPP and Non-CPP) experienced a decrease in total loans with the
exception of institutions under $1 billion in assets, for which CPP institutions grew at 3.2%
while Non-CPP institutions grew at 1.6%.
7
All loan growth figures refer to the change in outstanding loan balances.
4
Despite largely negative total loan growth, all groups did experience positive growth in some
individual loan categories. CPP institutions with over $100 billion in assets saw the most growth
in credit card loans, which was largely due to accounting changes implemented in the first
quarter of 2010 (the implementation of FAS 166 and 167 8 ), but also saw growth in other
consumer loans. For institutions with between $10 and $100 billion in assets there was growth
for both CPP and Non-CPP in home equity loans, while CPP institutions also had growth in
commercial real estate loans and non-CPP institutions also had growth in credit card loans. For
institutions between $1 and $10 billion in assets, there was growth in home equity loans and
commercial real estate loans (both CPP and Non-CPP). Lastly, institutions under $1 billion in
assets had growth in closed-end 1-4 family residential loans, home equity loans, and commercial
real-estate loans (CPP and Non-CPP).
Closed-end and Open-end Mortgage Originations 9
In all asset groups, closed-end mortgage originations for sale and closed-end originations sold
increased, with the exception of CPP institutions with over $100 billion in assets. However, in
all cases there was a greater increase in CPP institutions than Non-CPP institutions by asset size
group.
Growth was mixed across groups for both open-end mortgage originations for sale and open-end
originations sold, largely due to the small number of institutions that reported open-end
originations.
Securities on Balance Sheet
All groups experienced negative growth in mortgage-backed securities (MBS). Asset-backed
securities (ABS) had more growth in CPP institutions then in Non-CPP institutions.
Other Asset Growth
Unused commitments increased in all groups except CPP institutions with assets between $10
and $100 billion. The outstanding principal balance of assets sold and securitized with servicing
retained decreased in all groups. Cash and balances due rose in all groups.
Liabilities
Only CPP institutions with assets over $100 billion and CPP institutions with assets between $10
and $100 billion had decreases in total liabilities. All groups experienced growth in deposits.
The largest increase in deposits was by CPP institutions with under $1 billion in assets (14.3%)
and the smallest growth was in CPP institutions with over $100 billion in assets (2.8%).
8
Per the FDIC’s first quarter 2010 Quarterly Banking Profile, “Implementation of FAS 166 and 167 caused a large
amount of loans in securitized loan pools to be consolidated into the reported loan balances of a relatively small
number of large insured institutions in the first quarter.” More information can be found in the FDIC’s first quarter
Quarterly Banking Profile (http://www2.fdic.gov/qbp/2010mar/qbp.pdf).
9
Only Call Report filers with assets over $1 billion or more than $10 million in mortgage 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
Total other borrowings 10 and Federal Home Loan Bank (FHLB) advances decreased across all
groups (CPP and Non-CPP). The largest decrease in total other borrowings was by CPP
institutions with over $100 billion in assets (-46.9%). The largest decrease in FHLB advances
was also in CPP institutions with over $100 billion in assets (-54.9%).
Equity Capital
All groups experienced growth in equity capital since third quarter 2008. With the exception of
institutions with assets between $10 and $100 billion, CPP institutions had higher growth in
equity capital than Non-CPP institutions.
Performance Ratios 11
Capital Ratios
In first quarter 2010, Non-CPP institutions with under $1 billion in assets had the highest median
tier one leverage ratio, median tier one risk based capital ratio, and median total risk based
capital ratio but experienced a decline in all three median ratios compared to 3Q 2008. CPP
Institutions with over $100 billion in assets and Non-CPP institutions with between $10 and
$100 billion in assets had the largest increases in median tier one leverage ratio. Non-CPP
institutions with assets between $10 and $100 billion had the largest increase in the median tier
one risk-based capital ratio. The largest increase in median total risk based capital ratio was for
CPP institutions with assets greater than $100 billion.
Earnings Ratios
Median return on equity, median return on assets and median net interest margin were positive in
all groups in first quarter 2010. CPP institutions with assets between $1 and $10 billion and
Non-CPP institutions with assets under $1 billion had decreases in all three median ratios.
Loss Coverage Ratios
Median coverage ratios (allowance for loan and lease losses to noncurrent loans) declined across
all groups (CPP and Non-CPP). The largest decrease in median coverage ratio was by Non-CPP
institutions with between $1 and $10 billion in assets. In first quarter 2010, Non-CPP
institutions with assets between $10 and $100 billion had the highest median coverage ratio
(76.7%), while CPP institutions with assets between $1 billion and $10 billion in assets had the
lowest median coverage ratio (60.4%).
The median ratio of loss provisions to net charge-offs (for the quarter) decreased across all
groups (CPP and Non-CPP). Non-CPP institutions with between $1 and $10 billion in assets had
10
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, liabilities for short positions, and
subordinated notes and debentures. This item includes mortgage indebtedness and obligations under capitalized
leases.
11
Performance ratios are displayed as weighted averages and medians for each group for the current quarter (see
Appendix A: Notes to Call and Thrift Financial Report Data Users). Performance ratios are displayed as medians
for past quarters. All changes in performance ratios refer to the changes between the median ratios.
6
the highest median ratio of loss provisions to net charge-offs in first quarter 2010 (136.3%),
while Non-CPP institutions with under $1 billion in assets had the lowest median ratio (95.7%).
The median ratio of net charge-offs to average loans and leases increased in all group. The
largest increase was in CPP institutions with over $100 billion in assets. In first quarter 2010,
CPP institutions with over $100 billion in assets had the highest median ratio of net charge-offs
to average loans and leases and Non-CPP institutions with under $1 billion in assets had the
lowest median ratio of net charge-offs to average loans and leases.
Asset Quality: Noncurrent Loans
With few exceptions, noncurrent loans as a percentage of loans (within loan category) increased
in all groups and loan categories in first quarter 2010.
Asset Quality: Gross Charge-offs
Gross charge-offs as a percentage of total loans (within loan type) either experienced no change
or increased across all loan categories and groups in first quarter 2010.
7
I. CPP Depository Institutions with Assets Greater than $100 Billion1
Q1 2010
Selected balance and off‐balance sheet items
$ millions
(aggregate)
$ millions
(median)
Median % Change
From Previous
Quarter
Q3 2008
From Previous Year
Assets
$7,704,359
$196,252
‐5.9%
‐1.3%
Loans
$4,057,431
$127,159
‐10.1%
‐0.1%
‐7.7%
$134,999
$7,010
‐34.4%
‐7.4%
‐22.7%
$1,024,058
$31,679
‐11.0%
‐2.4%
‐12.5%
$447,467
$15,676
‐1.2%
‐0.9%
‐3.9%
$551,051
$3,583
56.0%
32.6%
53.1%
Construction & development
Closed‐end 1‐4 family residential
Home equity
Credit card
2
‐2.8%
Other consumer
$383,973
$14,589
1.8%
3.6%
4.0%
Commercial & Industrial
$655,687
$23,413
‐19.1%
‐1.2%
‐20.0%
Commercial real estate
$293,812
$20,178
‐1.7%
‐0.8%
‐1.1%
$490,729
$14,285
40.6%
‐1.2%
22.1%
Securiti zati on outs tandi ng pri ncipa l
Unus ed commi tments
$4,221,189
$106,380
‐18.5%
0.0%
‐10.5%
Mortga ge‐ba cked s ecurities (GSE a nd pri vate is s ue)
‐47.2%
$1,340,865
$1,387
‐48.3%
‐37.9%
Ass et‐backed s ecuri ti es
$801,039
$33,123
12.2%
‐1.2%
12.0%
Other s ecuri ti es
$100,582
$5,031
‐29.7%
‐6.2%
‐21.7%
Cas h & ba l ances due
$604,486
$8,433
5.2%
‐0.9%
‐18.5%
$266,737
$4,509
0.0%
‐17.0%
‐45.4%
$6,199
$0
26.8%
19.8%
‐32.2%
$298,447
$5,039
‐1.4%
‐8.1%
‐22.9%
$6,830
$0
‐100.0%
7.9%
15.0%
Liabilities
$6,859,746
$167,293
‐5.7%
‐1.7%
‐4.3%
Depos its
$4,970,248
$137,342
2.8%
‐0.9%
1.8%
Tota l other borrowi ngs
$1,329,560
$29,239
‐46.9%
6.9%
‐23.2%
$189,111
$9,956
‐54.9%
‐12.6%
‐47.8%
$831,217
$26,038
6.2%
1.3%
9.7%
Res i dentia l mortgage origi 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)
FHLB adva nces
Equity
Equi ty capital at qua rter end
Performance Ratios
Median Levels
Q1 2010
Ratios
Weighted Average
Tier 1 l everage ra tio
Median
Q3 2008
Previous Quarter
Previous Year
Median
Median
Median
7.9%
8.1%
7.1%
8.2%
7.4%
Tier 1 ri sk bas ed capital ra tio
11.1%
11.4%
8.9%
11.2%
9.7%
Tota l ris k bas ed ca pi tal ra ti o
14.3%
14.9%
11.7%
14.4%
12.8%
5.9%
6.8%
5.6%
4.6%
4.5%
0.6%
0.6%
0.7%
0.5%
0.4%
4.1%
4.0%
3.5%
3.6%
3.4%
Coverage ra ti o {(ALLL+Al l oc transfer ris k)/Noncurrent loa ns )}
67.2%
61.3%
75.7%
54.2%
65.9%
Los s provi s ion to net cha rge‐offs (qtr)
95.5%
106.7%
146.1%
120.8%
163.2%
3.8%
2.8%
1.6%
2.7%
1.7%
3
Return on equi ty
Return on a s s ets
3
Net i nteres t margin
3
Net cha rge‐offs to average loans and l ea s es
3
3. Quarterly, annualized.
Asset Quality
Noncurrent Loans (% of Total Loan Type)
Q1 2010
Weighted Average
Median
Q3 2008
Previous Quarter
Previous Year
Median
Median
Median
Construction & development
18.6%
18.7%
7.4%
18.4%
Closed‐end 1‐4 family residential
15.1%
11.1%
5.0%
11.0%
7.4%
Home equity
2.0%
1.4%
1.3%
1.4%
1.5%
Credit card
3.3%
3.1%
2.3%
3.5%
3.4%
Other consumer
1.9%
1.2%
0.6%
1.3%
0.8%
Commercial & Industrial
3.6%
2.6%
0.9%
2.9%
1.6%
Commercial real estate
5.6%
4.8%
1.1%
3.6%
2.2%
Total loans
6.6%
5.2%
2.4%
4.9%
Charge‐Offs (% of Total Loan Type)
Q1 2010
Weighted Average
Q3 2008
Median
Median
9.7%
4.0%
Previous Quarter
Previous Year
Median
Median
Construction & development
1.4%
1.3%
0.6%
1.9%
0.7%
Closed‐end 1‐4 family residential
0.6%
0.5%
0.4%
0.5%
0.4%
Home equity
1.0%
0.7%
0.5%
0.8%
0.6%
Credit card
4.1%
3.7%
1.5%
2.6%
2.2%
Other consumer
0.9%
0.5%
0.4%
0.5%
0.6%
Commercial & Industrial
0.6%
0.5%
0.2%
0.5%
0.3%
Commercial real estate
0.3%
0.3%
0.0%
0.4%
0.1%
Total loans
1.0%
0.7%
0.4%
0.7%
0.4%
Institutions in Group
Bank Holding Companies
Independent Depository
Institutions
13
0
Total Assets of
% of Total Assets of All
Depository Institutions
Depository Institutions
in Group
$7,704,359
62.2%
1. For depository institutions owned by multi‐bank holding companies, asset size groups are assigned by the total combined assets of depository institutions owned by the same bank holding
company. All data are consolidated by bank holding company when applicable, and changes are calculated based on the consolidated figures.
2. Increases are largely due to accounting changes implemented in the first quarter of 2010 (the implementation of FAS 166 and 167).
Source: Ca ll and Thri ft Fi na nci a l Report Data
8
II. CPP Depository Institutions with Assets Between $10 Billion and $100 Billion1
Q1 2010
Selected balance and off‐balance sheet items
$ millions
(aggregate)
$ millions
(median)
Median % Change
From Previous
Quarter
Q3 2008
From Previous Year
Assets
$1,214,115
$16,590
‐1.5%
‐0.6%
‐3.7%
Loa ns
$710,053
$9,961
‐12.9%
‐3.1%
‐10.2%
Construction & development
$60,350
$1,048
‐36.8%
‐7.9%
‐29.0%
$110,138
$1,968
‐8.9%
‐1.7%
‐8.4%
Home equity
$49,984
$544
6.4%
‐0.2%
1.2%
Credit card
$66,776
$1
‐4.5%
‐4.5%
‐1.0%
Closed‐end 1‐4 family residential
$44,052
$309
‐13.1%
‐2.4%
‐9.1%
Commercial & Industrial
Other consumer
$159,407
$2,395
‐19.6%
‐5.1%
‐15.4%
Commercial real estate
$144,389
$2,539
5.9%
‐0.6%
2.7%
Unus ed commi tments
Securi ti za ti on outs ta ndi ng princi pa l
Mortga ge‐ba cked s ecuri ti es (GSE a nd priva 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
$68,131
$874
‐1.5%
‐2.3%
‐8.6%
$653,250
$3,470
‐18.6%
‐2.3%
‐10.1%
‐27.9%
$61,679
$0
‐30.3%
‐4.0%
$109,366
$1,997
19.7%
‐0.9%
0.9%
$4,395
$0
‐69.5%
‐3.7%
‐72.5%
$136,951
$1,081
154.1%
10.7%
40.6%
$5,735
$74
37.9%
‐26.4%
‐43.7%
$9
$0
‐68.7%
‐39.6%
‐45.0%
$6,140
$48
22.2%
‐23.0%
‐33.0%
$6
$0
‐54.9%
‐54.9%
‐65.8%
‐3.8%
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
$1,076,988
$14,753
‐2.8%
‐1.0%
Depos its
$850,965
$11,934
8.0%
0.2%
2.0%
Tota l other borrowi ngs
$151,670
$2,456
‐40.2%
‐7.9%
‐27.9%
$34,345
$518
‐41.7%
‐6.6%
‐24.4%
$135,240
$1,807
12.4%
2.3%
6.1%
FHLB a dva nces
Equity
Equi ty ca pi ta l a t qua rter end
Performance Ratios
Median Levels
Q1 2010
Ratios
Weighted Average
Tier 1 l evera ge ra ti o
Median
Q3 2008
Previous Quarter
Previous Year
Median
Median
Median
9.8%
8.3%
7.7%
8.3%
8.2%
Tier 1 ri s k ba s ed ca pi ta l ra ti o
12.1%
11.5%
9.5%
10.7%
10.1%
Tota l ris k ba s ed ca pi ta l ra ti o
15.2%
13.6%
11.3%
12.9%
12.0%
1.8%
2.5%
1.9%
‐1.3%
0.2%
0.2%
0.3%
0.2%
‐0.1%
0.0%
3.4%
3.4%
3.4%
3.5%
3.1%
74.5%
65.6%
74.6%
61.7%
64.0%
106.2%
108.9%
179.0%
115.8%
145.6%
3.0%
1.8%
0.9%
2.6%
1.4%
2
Return on equi ty
Return on a s s ets
2
Net i nteres t ma rgi n
2
Covera ge ra ti o {(ALLL+Al l oc tra ns fer ri s k)/Noncurrent loa 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
2
2. Quarterly, annualized.
Asset Quality
Noncurrent Loans (% of Total Loan Type)
Construction & development
Q1 2010
Weighted Average
Median
Q3 2008
Previous Quarter
Previous Year
Median
Median
Median
18.7%
14.1%
6.5%
15.4%
11.1%
Closed‐end 1‐4 family residential
6.2%
3.8%
1.5%
3.5%
2.5%
Home equity
1.1%
1.0%
0.7%
1.0%
0.9%
Credit card
2.7%
0.4%
1.0%
0.5%
1.8%
Other consumer
1.3%
0.9%
0.4%
0.8%
0.7%
Commercial & Industrial
2.6%
2.2%
0.8%
2.3%
1.6%
Commercial real estate
4.5%
3.2%
0.9%
3.2%
1.5%
Total loans
4.8%
4.5%
1.9%
4.2%
Charge‐Offs (% of Total Loan Type)
Q3 2008
Q1 2010
Weighted Average
Median
Median
3.1%
Previous Quarter
Previous Year
Median
Median
Construction & development
2.3%
1.4%
0.7%
1.6%
1.2%
Closed‐end 1‐4 family residential
0.5%
0.3%
0.1%
0.3%
0.2%
Home equity
0.4%
0.2%
0.1%
0.2%
0.2%
Credit card
2.2%
1.5%
0.9%
1.8%
1.6%
Other consumer
0.6%
0.4%
0.3%
0.5%
0.5%
Commercial & Industrial
0.7%
0.4%
0.1%
0.6%
0.4%
Commercial real estate
0.4%
0.3%
0.1%
0.3%
0.1%
Total loans
0.8%
0.5%
0.2%
0.6%
0.4%
Institutions in Group
Bank Holding Companies
38
Independent Depository
Institutions
3
Total Assets of
% of Total Assets of All
Depository Institutions
Depository Institutions
in Group
$1,214,115
9.8%
1. For depository institutions owned by multi‐bank holding companies, asset size groups are assigned by the total combined assets of depository institutions owned by the same bank holding
company. All data are consolidated by bank holding company when applicable, and changes are calculated based on the consolidated figures.
Source: Ca l l a nd Thri ft Fi na ncia l Report Da ta
9
III. CPP Depository Institutions with Assets Between $1 Billion and $10 Billion1
Q1 2010
Selected balance and off‐balance sheet items
$ millions
(aggregate)
$ millions
(median)
Median % Change
From Previous
Quarter
Q3 2008
From Previous Year
Assets
$495,387
$1,909
4.4%
‐0.2%
Loa ns
$342,606
$1,361
‐4.4%
‐1.8%
‐4.5%
$41,726
$156
‐28.9%
‐6.1%
‐25.3%
Closed‐end 1‐4 family residential
$63,620
$246
‐4.1%
‐1.6%
‐5.0%
Home equity
$20,000
$63
7.7%
‐0.4%
1.6%
$294
$0
‐11.2%
‐5.0%
0.0%
$16,468
$29
‐19.4%
‐5.7%
‐14.1%
Commercial & Industrial
$53,238
$166
‐11.5%
‐3.1%
‐8.0%
Commercial real estate
$115,059
$438
8.4%
0.1%
4.4%
Construction & development
Credit card
Other consumer
‐0.6%
Unus ed commi tments
$33,427
$125
16.7%
0.7%
10.9%
Securiti za ti on outs ta nding pri nci pal
$64,742
$213
‐21.6%
‐2.0%
‐12.1%
‐26.5%
Mortga ge‐backed s ecuri ti es (GSE a nd pri vate is s ue)
$241
$0
‐40.2%
‐1.3%
$49,655
$161
25.2%
‐3.9%
‐5.5%
$187
$0
‐79.9%
0.0%
‐87.1%
$32,193
$104
88.3%
7.0%
35.0%
$9,253
$12
21.0%
‐29.4%
‐49.1%
$3
$0
‐89.7%
‐64.7%
‐94.4%
$9,784
$13
22.1%
‐20.4%
‐41.7%
$0
$0
0.0%
0.0%
‐100.0%
Liabilities
$445,084
$1,739
3.9%
‐0.2%
‐0.6%
Depos its
$393,160
$1,551
10.1%
0.7%
2.8%
Tota l other borrowi ngs
$46,037
$163
‐33.7%
‐5.9%
‐21.5%
FHLB adva nces
$21,824
$84
‐39.2%
‐4.3%
‐23.6%
$49,948
$181
12.2%
1.1%
2.9%
As s et‐backed s ecuriti es
Other s ecuriti es
Ca s h & bal a nces due
Res i denti al mortga ge ori gina 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)
Equity
Equi ty capi ta l a t quarter end
Performance Ratios
Median Levels
Q1 2010
Ratios
Weighted Average
Ti er 1 l evera ge rati o
Median
Q3 2008
Previous Quarter
Previous Year
Median
Median
Median
8.7%
8.7%
8.2%
8.6%
8.7%
Ti er 1 ri s k ba s ed ca pi ta l ra ti o
11.8%
11.5%
9.8%
11.1%
10.7%
Tota l ris k ba s ed capi ta l rati o
13.3%
12.8%
11.0%
12.4%
12.1%
‐0.9%
3.9%
4.7%
1.2%
3.8%
‐0.1%
0.4%
0.5%
0.1%
0.3%
3.7%
3.6%
3.7%
3.6%
3.4%
2
Return on equi ty
Return on as s ets
2
Net i nteres t margi n
2
Coverage rati o {(ALLL+All oc tra ns fer ris k)/Noncurrent l oa ns )}
Los s provis i on to net cha rge‐offs (qtr)
Net cha rge‐offs to a vera ge l oans a nd l ea s es
2
52.0%
60.4%
80.7%
63.6%
62.4%
115.7%
118.5%
156.9%
123.5%
167.7%
1.8%
1.1%
0.5%
1.5%
0.7%
2. Quarterly, annualized.
Asset Quality
Noncurrent Loans (% of Total Loan Type)
Construction & development
Q1 2010
Weighted Average
Median
Q3 2008
Previous Quarter
Previous Year
Median
Median
Median
15.5%
10.2%
4.1%
9.6%
6.9%
Closed‐end 1‐4 family residential
3.6%
2.6%
1.2%
2.6%
1.7%
Home equity
1.3%
0.7%
0.3%
0.6%
0.5%
Credit card
0.9%
0.0%
0.0%
0.0%
0.0%
Other consumer
2.2%
0.5%
0.4%
0.5%
0.5%
Commercial & Industrial
2.6%
1.9%
0.9%
2.0%
1.6%
Commercial real estate
3.4%
2.6%
0.8%
2.4%
1.4%
Total loans
4.5%
3.5%
1.6%
3.2%
Charge‐Offs (% of Total Loan Type)
Q3 2008
Q1 2010
Weighted Average
Median
Median
2.6%
Previous Quarter
Previous Year
Median
Median
Construction & development
1.5%
0.6%
0.1%
0.9%
0.1%
Closed‐end 1‐4 family residential
0.3%
0.2%
0.0%
0.2%
0.1%
Home equity
0.3%
0.1%
0.0%
0.1%
0.0%
Credit card
1.5%
0.8%
0.3%
0.8%
0.6%
Other consumer
0.4%
0.4%
0.3%
0.4%
0.4%
Commercial & Industrial
0.5%
0.3%
0.2%
0.5%
0.2%
Commercial real estate
0.3%
0.1%
0.0%
0.1%
0.0%
Total loans
0.5%
0.3%
0.1%
0.4%
0.2%
Institutions in Group
Bank Holding Companies
166
Independent Depository
Institutions
21
Total Assets of
% of Total Assets of All
Depository Institutions
Depository Institutions
in Group
$495,387
4.0%
1. For depository institutions owned by multi‐bank holding companies, asset size groups are assigned by the total combined assets of depository institutions owned by the same bank holding
company. All data are consolidated by bank holding company when applicable, and changes are calculated based on the consolidated figures.
Source: Ca l l a nd Thri ft Fi nanci a l Report Da ta
10
IV. CPP Depository Institutions with Assets Less Than $1 Billion1
Q1 2010
Selected balance and off‐balance sheet items
$ millions
(aggregate)
$ millions
(median)
Median % Change
From Previous
Quarter
Q3 2008
From Previous Year
Assets
$167,505
$296
10.4%
0.7%
5.0%
Loans
$119,447
$211
3.2%
‐0.9%
0.7%
Construction & development
$14,422
$19
‐25.9%
‐4.2%
‐19.8%
Closed‐end 1‐4 family residential
$24,299
$34
8.3%
‐0.7%
2.6%
$6,684
$8
16.4%
‐0.2%
5.6%
$87
$0
‐7.3%
‐3.0%
2.9%
$3,614
$3
‐15.1%
‐4.0%
‐8.7%
Commercial & Industrial
$17,735
$26
‐2.5%
‐1.0%
‐2.5%
Commercial real estate
$41,774
$67
13.0%
0.5%
7.5%
Unus ed commi tments
$12,998
$17
12.3%
0.6%
14.6%
Securi ti zati on outs ta ndi ng pri nci pal
$17,862
$29
‐17.6%
‐0.6%
‐9.1%
$24
$0
‐8.3%
‐0.6%
13.8%
$12,358
$12
0.0%
‐5.1%
‐10.8%
$16
$0
‐100.0%
‐9.8%
‐100.0%
$10,520
$14
97.8%
6.2%
26.1%
$2,296
$13
39.4%
‐30.1%
‐44.4%
$0
$0
‐100.0%
0.0%
0.0%
$2,404
$14
43.2%
‐24.4%
‐38.8%
$0
$0
‐100.0%
0.0%
0.0%
Home equity
Credit card
Other consumer
Mortga ge‐ba cked s ecuri ti es (GSE a nd pri vate i s s ue)
As s et‐ba cked s ecuri ti es
Other s ecuri ti es
Cas h & bal 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
$150,964
$268
9.6%
0.5%
5.0%
Depos i ts
$135,711
$243
14.3%
1.7%
7.3%
$14,071
$16
‐21.9%
‐3.2%
‐13.5%
$9,656
$12
‐20.0%
‐0.1%
‐14.3%
$16,532
$28
19.3%
1.3%
5.4%
Total other borrowi ngs
FHLB advances
Equity
Equi ty ca pi ta l at quarter end
Performance Ratios
Median Levels
Q1 2010
Ratios
Weighted Average
Ti er 1 l everage rati o
Median
Q3 2008
Previous Quarter
Previous Year
Median
Median
Median
9.2%
9.2%
8.8%
9.0%
9.2%
Ti er 1 ri s k ba s ed ca pi ta l ra ti o
12.2%
12.1%
10.8%
11.8%
11.6%
Total ri s k bas ed capi tal rati o
13.5%
13.3%
12.0%
13.1%
12.9%
3.3%
4.0%
3.4%
0.2%
2.9%
0.3%
0.4%
0.3%
0.0%
0.3%
3.8%
3.8%
3.7%
3.8%
3.4%
53.9%
63.5%
93.5%
64.0%
67.8%
109.7%
106.3%
141.6%
136.1%
142.4%
0.9%
0.4%
0.2%
1.0%
0.2%
2
Return on equi ty
Return on as sets
2
Net i nteres t margi n
2
Coverage rati o {(ALLL+Al l oc tra ns fer ri s k)/Noncurrent l oans )}
Los s provi s i on to net cha rge‐offs (qtr)
Net charge‐offs to average l oa ns and l ea s es
2
2. Quarterly, annualized.
Asset Quality
Noncurrent Loans (% of Total Loan Type)
Construction & development
Q1 2010
Weighted Average
Median
Q3 2008
Previous Quarter
Previous Year
Median
Median
Median
3.7%
10.9%
6.5%
1.6%
5.8%
Closed‐end 1‐4 family residential
3.2%
2.0%
0.5%
1.8%
0.9%
Home equity
1.1%
0.0%
0.0%
0.0%
0.0%
Credit card
1.2%
0.0%
0.0%
0.0%
0.0%
Other consumer
0.9%
0.2%
0.1%
0.2%
0.1%
Commercial & Industrial
2.5%
1.3%
0.4%
1.0%
0.7%
Commercial real estate
2.9%
1.6%
0.2%
1.3%
0.7%
Total loans
3.7%
2.7%
1.1%
2.6%
Charge‐Offs (% of Total Loan Type)
Q3 2008
Q1 2010
Weighted Average
Median
Median
1.9%
Previous Quarter
Previous Year
Median
Median
Construction & development
0.6%
0.0%
0.0%
0.1%
Closed‐end 1‐4 family residential
0.2%
0.0%
0.0%
0.0%
0.0%
0.0%
Home equity
0.2%
0.0%
0.0%
0.0%
0.0%
Credit card
1.1%
0.6%
0.1%
0.6%
0.4%
Other consumer
0.5%
0.1%
0.1%
0.1%
0.1%
Commercial & Industrial
0.4%
0.1%
0.0%
0.2%
0.0%
Commercial real estate
0.1%
0.0%
0.0%
0.0%
0.0%
Total loans
0.2%
0.1%
0.0%
0.3%
0.1%
Institutions in Group
Bank Holding Companies
349
Independent Depository
Institutions
113
Total Assets of
% of Total Assets of All
Depository Institutions
Depository Institutions
in Group
$167,505
1.4%
1. For depository institutions owned by multi‐bank holding companies, asset size groups are assigned by the total combined assets of depository institutions owned by the same bank holding
company. All data are consolidated by bank holding company when applicable, and changes are calculated based on the consolidated figures.
Source: Cal l a nd Thri ft Fi nanci al Report Data
11
V. Non‐CPP Depository Institutions with Assets Between $10 Billion and $100 Billion1
Q1 2010
Selected balance and off‐balance sheet items
$ millions
(aggregate)
$ millions
(median)
Median % Change
From Previous
Quarter
Q3 2008
From Previous Year
Assets
$688,417
$17,872
7.5%
0.1%
0.1%
Loa ns
$393,441
$11,416
‐1.3%
‐1.0%
‐4.4%
‐23.9%
Construction & development
Closed‐end 1‐4 family residential
Home equity
$12,843
$127
‐29.8%
‐10.0%
$156,329
$2,389
‐3.7%
‐1.4%
‐2.9%
$32,077
$445
2.5%
‐1.4%
‐1.6%
Credit card
$45,413
$0
4.4%
‐3.0%
4.7%
Other consumer
$33,914
$231
‐23.7%
‐4.2%
‐15.3%
Commercial & Industrial
$36,287
$656
‐7.4%
‐3.7%
‐10.3%
Commercial real estate
$42,571
$936
‐2.5%
‐0.4%
‐4.6%
$30,005
$1,410
26.4%
4.2%
9.3%
$388,182
$2,890
‐13.2%
‐2.5%
‐9.0%
‐100.0%
Unus ed commi tments
Securi tiza ti on outs ta ndi ng princi pa l
Mortga ge‐ba cked s ecuri ties (GSE a nd pri va te is s ue)
As s et‐ba cked s ecurities
Other s ecurities
Ca s h & ba la nces due
$1,029
$0
‐100.0%
‐51.4%
$121,647
$2,478
5.9%
‐1.4%
1.2%
$2,609
$0
1.9%
‐51.5%
‐98.9%
$40,710
$606
52.5%
8.1%
13.2%
$7,087
$109
11.6%
‐33.6%
‐56.4%
$0
$0
0.0%
0.0%
0.0%
$7,595
$108
4.0%
‐30.3%
‐46.1%
$0
$0
0.0%
0.0%
0.0%
‐1.5%
Res i denti a l mortga ge origina 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
$617,468
$15,438
6.1%
‐0.1%
Depos its
$490,920
$12,713
12.1%
0.1%
2.7%
Tota l other borrowi ngs
$114,317
$1,819
‐36.5%
‐4.5%
‐18.0%
$14,859
$115
‐4.7%
‐2.2%
‐17.2%
$70,890
$1,771
13.9%
1.8%
10.5%
FHLB a dva nces
Equity
Equi ty ca pi ta l a t qua rter end
Performance Ratios
Median Levels
Q1 2010
Ratios
Weighted Average
Ti er 1 l evera ge ra tio
Median
Q3 2008
Previous Quarter
Previous Year
Median
Median
Median
9.1%
8.5%
7.5%
8.4%
7.5%
Ti er 1 ris k ba s ed ca pi ta l ra tio
15.7%
13.4%
10.8%
12.5%
10.9%
Tota l ris k ba s ed ca pi ta l ra ti o
17.0%
14.8%
11.8%
14.0%
12.4%
10.8%
10.6%
5.8%
7.2%
9.2%
1.1%
1.0%
0.5%
0.7%
0.8%
3.4%
3.5%
3.3%
3.4%
2.9%
Covera ge ra ti o {(ALLL+All oc tra ns fer ri s k)/Noncurrent l oa ns )}
46.0%
76.7%
109.4%
77.9%
93.0%
Los s provi s ion to net cha rge‐offs (qtr)
93.2%
115.1%
206.4%
119.8%
158.6%
2.0%
1.0%
0.6%
1.1%
0.9%
2
Return on equi ty
Return on a s s ets
2
Net i nteres t ma rgi n
2
Net cha rge‐offs to a vera ge l oa ns a nd lea s es
2
2. Quarterly, annualized.
Asset Quality
Noncurrent Loans (% of Total Loan Type)
Construction & development
Closed‐end 1‐4 family residential
Q1 2010
Weighted Average
Median
Q3 2008
Previous Quarter
Previous Year
Median
Median
Median
14.2%
9.9%
4.0%
9.6%
6.8%
6.8%
2.9%
1.1%
2.3%
1.6%
Home equity
1.3%
0.5%
0.3%
0.8%
0.7%
Credit card
2.0%
2.1%
1.3%
2.0%
2.0%
Other consumer
0.4%
0.6%
0.3%
0.7%
0.4%
Commercial & Industrial
1.7%
0.9%
0.3%
1.0%
0.5%
Commercial real estate
3.7%
1.7%
0.1%
1.1%
0.6%
Total loans
4.3%
2.4%
1.1%
2.4%
1.8%
Charge‐Offs (% of Total Loan Type)
Q1 2010
Weighted Average
Median
Q3 2008
Previous Quarter
Previous Year
Median
Median
Median
Construction & development
1.9%
0.3%
0.0%
0.3%
0.1%
Closed‐end 1‐4 family residential
0.2%
0.1%
0.0%
0.1%
0.1%
Home equity
0.7%
0.1%
0.0%
0.1%
0.1%
Credit card
2.0%
1.5%
1.1%
1.6%
1.4%
Other consumer
0.5%
0.3%
0.3%
0.4%
0.5%
Commercial & Industrial
0.3%
0.2%
0.1%
0.2%
0.2%
Commercial real estate
0.3%
0.0%
0.0%
0.0%
0.0%
Total loans
0.5%
0.3%
0.2%
0.3%
0.2%
Institutions in Group
Bank Holding Companies
14
Independent Depository
Institutions
14
Total Assets of
% of Total Assets of All
Depository Institutions
Depository Institutions
in Group
$688,417
5.6%
1. For depository institutions owned by multi‐bank holding companies, asset size groups are assigned by the total combined assets of depository institutions owned by the same bank holding
company. All data are consolidated by bank holding company when applicable, and changes are calculated based on the consolidated figures.
Source: Ca l l a nd Thrift Fi na ncia l Report Da ta
12
VI. Non‐CPP Depository Institutions with Assets Between $1 Billion and $10 Billion1
Q1 2010
Selected balance and off‐balance sheet items
$ millions
(aggregate)
$ millions
(median)
Median % Change
From Previous
Quarter
Q3 2008
From Previous Year
Assets
$868,721
$1,650
6.2%
0.4%
2.6%
Loa ns
$542,639
$1,116
‐1.8%
‐1.3%
‐3.1%
Construction & development
$51,178
$91
‐24.7%
‐4.8%
‐21.1%
$149,473
$235
‐3.7%
‐1.4%
‐5.5%
Home equity
$24,888
$38
11.2%
‐0.2%
3.6%
Credit card
$11,517
$0
0.0%
‐4.6%
7.0%
Other consumer
$32,714
$17
‐15.8%
‐4.3%
‐11.0%
Closed‐end 1‐4 family residential
Commercial & Industrial
$67,789
$114
‐7.4%
‐2.7%
‐8.3%
Commercial real estate
$149,702
$315
8.7%
0.0%
4.3%
12.7%
Unus ed commi tments
Securi ti za ti on outs tandi ng pri nci pal
Mortga ge‐backed s ecuri ti es (GSE and pri vate i s s ue)
As s et‐backed s ecuri ti es
Other s ecuri ti es
Cas h & bal a nces due
$67,127
$149
10.6%
1.6%
$185,598
$186
‐13.2%
‐0.9%
‐9.6%
$1,814
$0
‐33.0%
‐2.8%
‐21.3%
$112,950
$162
0.9%
‐3.6%
‐6.0%
$1,434
$0
‐100.0%
‐2.6%
‐100.0%
$71,214
$105
135.9%
11.0%
35.4%
Res i denti a l mortgage 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)
$7,193
$7
12.4%
‐31.2%
‐53.0%
$22
$0
26.0%
‐62.1%
201.0%
$7,928
$8
9.9%
‐23.0%
‐49.2%
$53
$0
157.7%
15.1%
698.7%
Liabilities
$777,022
$1,500
6.1%
0.3%
2.1%
Depos i ts
$665,843
$1,316
11.6%
1.1%
5.1%
Tota l other borrowi ngs
$100,717
$143
‐21.3%
‐2.7%
‐13.9%
$42,753
$78
‐26.1%
‐1.6%
‐14.8%
$91,396
$163
6.9%
1.6%
5.3%
Open‐end HELOC originations sold (quarter)
FHLB a dva nces
Equity
Equi ty capi ta l at qua rter end
Performance Ratios
Median Levels
Q1 2010
Ratios
Weighted Average
Ti er 1 l evera ge rati o
Median
Q3 2008
Previous Quarter
Previous Year
Median
Median
Median
9.6%
8.7%
8.9%
8.6%
8.5%
Ti er 1 ri s k ba s ed capi tal ra ti o
14.2%
12.3%
11.5%
11.9%
11.2%
Tota l ri s k bas ed ca pi tal ra ti o
15.5%
13.5%
12.6%
13.0%
12.4%
3.9%
5.9%
5.6%
5.1%
5.9%
0.4%
0.6%
0.6%
0.5%
0.6%
3.6%
3.5%
3.6%
3.5%
3.4%
46.0%
64.3%
99.3%
66.2%
76.4%
117.1%
136.3%
150.5%
122.7%
164.8%
1.5%
0.5%
0.3%
0.9%
0.4%
2
Return on equi ty
Return on a s s ets
2
Net i nteres t margi n
2
Covera ge rati o {(ALLL+Al l oc tra ns fer ri s k)/Noncurrent l oa ns )}
Los s provi s i on to net charge‐offs (qtr)
Net cha rge‐offs to a vera ge l oa ns a nd l ea s es
2
2. Quarterly, annualized.
Asset Quality
Noncurrent Loans (% of Total Loan Type)
Construction & development
Q1 2010
Weighted Average
Median
Q3 2008
Previous Quarter
Previous Year
Median
Median
Median
17.3%
8.5%
3.0%
7.5%
4.7%
Closed‐end 1‐4 family residential
4.2%
1.8%
0.8%
1.7%
1.2%
Home equity
1.4%
0.5%
0.2%
0.4%
0.4%
Credit card
2.0%
0.5%
0.3%
0.5%
0.6%
Other consumer
0.5%
0.3%
0.2%
0.3%
0.3%
Commercial & Industrial
2.5%
1.5%
0.6%
1.2%
1.0%
Commercial real estate
3.7%
2.2%
0.8%
2.1%
1.1%
Total loans
4.5%
2.5%
1.1%
2.5%
Charge‐Offs (% of Total Loan Type)
Q3 2008
Q1 2010
Weighted Average
Median
Median
1.8%
Previous Quarter
Previous Year
Median
Median
Construction & development
1.5%
0.1%
0.0%
0.4%
0.0%
Closed‐end 1‐4 family residential
0.2%
0.1%
0.0%
0.1%
0.0%
Home equity
0.3%
0.0%
0.0%
0.0%
0.0%
Credit card
3.2%
0.7%
0.7%
1.0%
0.7%
Other consumer
0.3%
0.2%
0.2%
0.3%
0.2%
Commercial & Industrial
0.3%
0.1%
0.1%
0.3%
0.1%
Commercial real estate
0.3%
0.0%
0.0%
0.0%
0.0%
Total loans
0.4%
0.1%
0.1%
0.3%
0.1%
Institutions in Group
Bank Holding Companies
241
Independent Depository
Institutions
114
Total Assets of
% of Total Assets of All
Depository Institutions
Depository Institutions
in Group
$868,721
7.0%
1. For depository institutions owned by multi‐bank holding companies, asset size groups are assigned by the total combined assets of depository institutions owned by the same bank holding
company. All data are consolidated by bank holding company when applicable, and changes are calculated based on the consolidated figures.
Source: Cal l and Thri ft Fi nanci al Report Data
13
VII. Non‐CPP Depository Institutions with Assets Less Than $1 Billion1
Q1 2010
Selected balance and off‐balance sheet items
$ millions
(aggregate)
$ millions
(median)
Median % Change
From Previous
Quarter
Q3 2008
From Previous Year
Assets
$1,186,573
$132
7.1%
0.7%
3.6%
Loa ns
$783,331
$84
1.6%
‐0.8%
0.9%
Construction & development
Closed‐end 1‐4 family residential
Home equity
Credit card
$71,886
$4
‐22.0%
‐3.1%
‐17.5%
$225,651
$20
4.2%
‐0.5%
1.3%
$29,566
$1
10.1%
0.0%
3.5%
$2,157
$0
‐2.5%
‐4.6%
5.2%
Other consumer
$36,921
$3
‐8.8%
‐3.4%
‐4.4%
Commercial & Industrial
$94,845
$8
‐2.9%
‐1.1%
‐2.1%
Commercial real estate
$219,688
$18
8.4%
‐0.3%
4.2%
Unus e d commi tments
$133,175
$13
6.0%
0.7%
6.5%
Securi ti za ti on outs ta ndi ng princi pa l
$175,343
$9
‐8.4%
1.1%
‐7.3%
Mortga ge‐ba cked s ecuri ti es (GSE a nd priva te i s s ue)
As s et‐ba cked s ecuri ti es
Other s e curi ti es
Ca s h & ba l a nces due
$2,047
$0
‐2.6%
‐0.4%
‐0.7%
$91,077
$4
‐13.0%
‐5.6%
‐15.6%
$447
$0
‐70.1%
‐4.4%
‐66.3%
$87,314
$8
69.0%
2.4%
22.3%
‐54.7%
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)
$8,012
$9
9.7%
‐31.2%
$35
$0
‐75.7%
‐56.8%
‐68.0%
$8,629
$10
6.1%
‐24.7%
‐47.0%
$27
$0
‐100.0%
‐28.2%
1120.9%
Liabilities
$1,065,127
$118
7.3%
0.6%
3.6%
Depos its
$980,331
$111
9.7%
1.1%
4.8%
Tota l other borrowi ngs
$76,058
$3
‐25.3%
‐2.6%
‐13.8%
FHLB a dva nces
$47,914
$2
‐21.3%
‐0.4%
‐11.8%
$121,389
$14
5.7%
1.3%
3.4%
Equity
Equi ty ca pi ta l a t qua rter end
Performance Ratios
Median Levels
Q1 2010
Ratios
Weighted Average
Tie r 1 l evera ge ra ti o
Median
Q3 2008
Previous Quarter
Previous Year
Median
Median
Median
9.8%
9.6%
10.0%
9.5%
9.7%
Tie r 1 ri s k ba s ed ca pi ta l ra ti o
14.2%
14.1%
14.3%
13.8%
14.1%
Tota l ris k ba s ed ca pi ta l ra ti o
15.4%
15.2%
15.3%
15.0%
15.2%
4.8%
6.1%
6.9%
3.9%
6.3%
0.5%
0.6%
0.8%
0.4%
0.7%
3.7%
3.8%
3.9%
3.8%
3.7%
49.4%
74.2%
99.4%
74.3%
80.0%
121.9%
95.7%
97.3%
108.3%
100.3%
0.8%
0.1%
0.1%
0.4%
0.1%
2
Return on equi ty
Return on a s s ets
2
Net i nteres t ma rgi n
2
Covera ge ra ti o {(ALLL+Al l oc tra ns fer ri s k)/Noncurrent loa 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
2
2. Quarterly, annualized.
Asset Quality
Noncurrent Loans (% of Total Loan Type)
Construction & development
Q1 2010
Weighted Average
Median
Q3 2008
Previous Quarter
Previous Year
Median
Median
Median
13.3%
0.2%
0.0%
0.0%
0.0%
Closed‐end 1‐4 family residential
2.6%
1.1%
0.5%
1.0%
0.7%
Home equity
1.3%
0.0%
0.0%
0.0%
0.0%
Credit card
1.5%
0.0%
0.0%
0.0%
0.0%
Other consumer
0.9%
0.2%
0.2%
0.3%
0.2%
Commercial & Industrial
2.4%
0.6%
0.2%
0.6%
0.4%
Commercial real estate
3.2%
0.8%
0.0%
0.7%
0.3%
Total loans
3.5%
1.7%
1.0%
1.6%
Charge‐Offs (% of Total Loan Type)
Q3 2008
Q1 2010
Weighted Average
Median
Median
1.3%
Previous Quarter
Previous Year
Median
Median
Construction & development
0.6%
0.0%
0.0%
0.0%
0.0%
Closed‐end 1‐4 family residential
0.1%
0.0%
0.0%
0.0%
0.0%
Home equity
0.2%
0.0%
0.0%
0.0%
0.0%
Credit card
2.4%
0.0%
0.0%
0.1%
0.0%
Other consumer
0.4%
0.0%
0.1%
0.1%
0.1%
Commercial & Industrial
0.3%
0.0%
0.0%
0.0%
0.0%
Commercial real estate
0.1%
0.0%
0.0%
0.0%
0.0%
Total loans
0.2%
0.0%
0.0%
0.1%
0.0%
Institutions in Group
Bank Holding Companies
4,066
Independent Depository
Institutions
1,886
Total Assets of
% of Total Assets of All
Depository Institutions
Depository Institutions
in Group
$1,186,573
9.6%
1. For depository institutions owned by multi‐bank holding companies, asset size groups are assigned by the total combined assets of depository institutions owned by the same bank holding
company. All data are consolidated by bank holding company when applicable, and changes are calculated based on the consolidated figures.
Source: Ca l l a nd Thri ft Fi na ncia l Report Da ta
14
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
December 31, 2009. These investments went to 707 independent banks and bank and thrift
holding companies. The summary tables above present analysis of Call and Thrift Financial
Report data for the FDIC-insured institutions.
Templates summarizing selected balance sheet items and performance and condition ratios were
developed after consultation with members of an interagency working group. Changes in loan
balances, commitments, securities, and residential real estate loan originations for sale address
banks’ credit intermediation activities. 12 Weighted average performance ratios and median
performance ratios were calculated for each group, as were weighted average and median
noncurrent rates and gross charge-off rates (not net of recoveries) for major loan types. Data
were collected for each quarter from Q3 2008 through Q1 2010, and percent changes were
calculated for Q1 2010 as compared to Q4 2009, Q1 2009, and Q3 2008. Data items were
“merger-adjusted” to include institutions that were acquired during the period from October 1,
2008, to March 31, 2010.
Ally Bank, the subsidiary depository institution of Ally Financial Inc. (previously GMAC), was
excluded from all groups as GMAC received TARP funds under the Automotive Industry
Financing Program.
Source: Treasury Analysis of Call and Thrift Financial Report Data
12
Call Report filers with assets over $1 billion or more than $10 million in mortgage origination for two consecutive
quarters report residential loans originated for sale.
15
Section B: Consolidated Financial Statements 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
subsidiaries. 13 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 depository 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 subsidiaries 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 of financial crisis, for multiple reasons. In some cases, those
bank holding companies 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. 14
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 Appendix
B: Note to Y-9C Data Users.
The data tables are split into seven groups that mirror the seven reporting groups presented in the
Call and Thrift Financial Report tables (except that asset size is assigned using the consolidate
13
Investments were made at the bank holding company level for all depository institutions owned by a bank holding
company. Similarly, investments were made at the thrift holding company level for all depository institutions
owned by a thrift holding company. Thrift holding companies are not required to file detailed consolidated financial
reports.
14
Because data are not available prior to first quarter 2009 for those new bank holding companies, changes from
third quarter 2008 were not calculated for those bank holding companies in the data analysis.
16
bank holding company asset size, not the asset size of the subsidiary depository institutions).
The groups, which consist solely of top tier bank holding companies, are:
Group
Group I
Group II
Group III
Group IV
Group V
Description
CPP Participants with assets over $100 billion
CPP Participants with assets between $10 and $100 billion
CPP Participants with assets between $1 and $10 billion
CPP Participants with assets under $1 billion
Non-CPP Participants with assets between $10 and $100 billion
Group VI Non-CPP Participants with assets between $1 and $10 billion
Group VII Non-CPP Participants with assets under $1 billion
Number of Institutions
in Q1 2010
16
35
155
115
14
239
445
While median percentage changes from third quarter 2008, first quarter 2009 and fourth quarter
2009 to first quarter 2010 are presented for balance sheet items, these numbers should be used
with caution for reasons discussed above.
17
Summary of Findings
Note: All changes refer to the median change between third quarter 2008 and first quarter 2010,
unless otherwise noted.
Selected Balance and Off-Balance Sheet Items
Overall Asset Growth
Asset growth was positive in all groups except CPP institutions with assets over $100 billion.
Non-CPP institutions with assets between $10 and $100 billion had the largest increase in total
assets (11.8%). CPP institutions with assets over $100 billion saw a decrease in assets of -3.1%.
Loan Growth 15
Growth in total loans decreased in all groups except Non-CPP institutions with assets between
$10 and $100 billion.
Changes in outstanding loan balances by specific loan category varied both by loan category and
by group. Construction and development loans, other consumer loans, and commercial and
industrial loans decreased across all groups. Conversely, home equity loans and commercial real
estate loans increased across all groups (with the exception of CPP institutions with over $100
billion in assets, which experienced a decrease in commercial real estate loans). As with Section
A of this report, CPP institutions with assets greater than $100 billion experienced the most
growth in credit card loans. The growth was largely due to accounting changes implemented in
the first quarter of 2010 (the implementation of FAS 166 and 167).
Closed-end and Open-end Mortgage Originations 16
Closed-end mortgage originations (mortgages originated for sale and originations sold) increased
in most groups. Only CPP institutions with assets over $100 billion experienced negative growth
in closed-end mortgage originations sold.
Growth was mixed across groups for both open-end mortgage originations for sale and open-end
originations sold, largely due to the small number of institutions that reported open-end
originations.
Securities on Balance Sheet
Mortgage-backed securities (GSE and private issue) experienced growth in all groups except for
Non-CPP institutions with assets less than $1 billion. Asset-backed securities (ABS) decreased
in all groups.
Other Asset Growth
Unused commitments and securitization outstanding principal decreased in all groups (CPP and
Non-CPP). Growth in cash & balances due increased in all groups with the largest increase in
15
All loan growth figures refer to the change in outstanding loan balances.
16
Only Y-9C filers with assets over $1 billion or more than $10 million in mortgage origination for two consecutive
quarters are required to report residential loans originated for sale (see Appendix B: Notes Y-9C Data Users).
18
CPP institutions with assets between $10 and $100 billion (207.0%). Other securities also
increased in all groups with the largest increase in CPP institutions with assets over $100 billion
(48.4%).
Liabilities
Total liabilities increased in all groups except for CPP institutions with assets over $10 billion.
Non-CPP institutions with assets between $10 and $100 billion had the largest increase in total
liabilities (11.2%). Deposits grew in all groups (CPP and Non-CPP). The largest growth in
deposits was in Non-CPP institutions with assets between $10 and $100 billion (14.4%), and the
smallest growth was in CPP institutions with assets over $100 billion (4.3%). Total other
borrowings decreased in all groups.
Equity
All groups experienced growth in equity capital since third quarter 2008. CPP institutions had
higher growth in equity capital than Non-CPP institutions in each comparable size group.
Performance Ratios 17
Capital Ratios
With the exception of Non-CPP institutions with assets between $1 and $10 billion and Non-CPP
institutions with under $1 billion in assets, all groups had increases in all three median capital
ratios.
In first quarter 2010, CPP institutions with assets between $10 and $100 billion had the highest
median tier one leverage ratio (10.0%) and median tier one risk based capital ratio (12.8%). CPP
institutions with assets greater than $100 billion had the highest median total risk based capital
ratio (15.8%).
Earnings Ratios
Median return on equity, median return on assets and median net interest margins decreased
across all groups (CPP and Non-CPP).
Loss Coverage Ratios
The median coverage ratio (allowance for loan and lease losses to noncurrent loans) and the
median ratio of loss provisions to net charge-offs (for the quarter) decreased in all groups (CPP
and Non-CPP).
The median ratio of net charge-offs to average loans and leases either decreased or had no
change in all groups.
17
Performance ratios are displayed as weighted averages and medians for each group for the current quarter (see
Appendix B: Notes to Y-9C Data Users). Performance ratios are displayed as medians for past quarters.
19
Asset Quality: Noncurrent Loans
The median ratio of total noncurrent loans as a percentage of total loans increased across all
groups (CPP and Non-CPP). The largest increase in the median ratio of total noncurrent loans to
total loans was in CPP institutions with assets between $10 and $100 billion. All groups (CPP
and Non-CPP) experienced increases in the median ratio of noncurrent loans to loans within
specific loan categories. The largest increases in median ratios were in construction and
development loans and commercial real estate loans.
Asset Quality: Gross Charge-offs
The median ratio of total charge-offs to total loans either decreased or had no change in all size
groups. The changes in the median ratio of charge-offs to loans within specific loan categories
was mixed. There was growth in the median ratio of construction and development charge-offs
to construction and development loans (with the exception of Non-CPP institutions with assets
under $10 billion) and the median ratio of commercial real estate charge-offs to commercial real
estate loans which had either growth or no change. All other categories had either a decrease or
no change.
20
I. CPP Bank Holding Companies with Assets Greater than $100 Billion
Q1 2010
Selected balance and off‐balance sheet items
$ millions
($Aggregate)
Median % Change
$ millions
(median)
Q3 2008
From Previous Quarter
From Previous Year
Assets
$11,252,848
$243,199
‐3.1%
2.1%
4.1%
Loa ns
$4,403,276
$111,038
‐8.6%
3.1%
2.7%
Construction & development
Closed‐end 1‐4 family residential
Home equity
Credit card
1
$135,430
$6,739
‐36.5%
‐8.4%
‐19.1%
$1,073,406
$20,486
‐8.5%
‐2.3%
‐8.3%
$449,359
$11,921
0.3%
‐0.9%
‐2.2%
$611,720
$2,718
35.3%
67.4%
56.7%
Other consumer
$488,145
$11,566
‐7.5%
2.2%
8.6%
Commercial & Industrial
$700,808
$19,481
‐17.5%
‐1.0%
‐13.5%
Commercial real estate
$299,602
$13,315
‐3.6%
‐0.8%
‐1.8%
Unus ed commitments
$414,660
$12,670
‐83.5%
‐91.1%
‐92.0%
$1,965,905
$3,775
‐45.7%
‐19.8%
‐31.9%
Mortga ge‐ba cked s ecuri ti es (GSE a nd pri va te i s s ue)
$826,020
$28,514
13.8%
‐1.2%
14.2%
As s et‐ba cked s ecurities
$106,298
$941
‐35.4%
‐6.2%
‐21.9%
$2,086,233
$48,939
48.4%
‐0.3%
21.9%
$761,725
$22,649
15.9%
‐1.4%
‐4.4%
$194,565
$2,637
0.0%
‐19.7%
‐37.1%
$2,494
$0
33.8%
5.8%
‐13.3%
$295,035
$4,078
‐0.2%
‐17.8%
‐29.7%
$4,257
$0
‐23.9%
48.2%
27.2%
4.1%
Securi tiza tion outs ta nding principa l
Other s ecurities
Ca s h & ba l a nces due
Res identi a l mortga ge originations
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
$10,245,455
$213,255
‐4.8%
2.0%
Depos its
$4,794,298
$118,268
4.3%
‐1.0%
3.6%
Tota l other borrowi ngs
$2,251,063
$43,438
‐27.5%
2.0%
‐3.2%
$989,764
$26,763
18.0%
0.0%
3.3%
Equity
Equity ca pita l a t qua rter end
Performance Ratios
Median Levels
Q1 2010
Ra tios
Weighted Average
Ti er 1 levera ge ra tio
Median
Q3 2008
Previous Quarter
Median
Median
Previous Year
Median
7.1%
8.2%
8.0%
8.5%
8.7%
Ti er 1 ris k ba s ed ca pita l ra ti o
11.4%
11.5%
8.6%
11.6%
11.2%
Tota l ris k ba s ed ca pita l ra tio
15.0%
15.8%
12.3%
15.8%
14.8%
3.0%
3.1%
4.8%
5.7%
2.1%
0.3%
0.3%
0.6%
0.7%
0.2%
0.9%
1.0%
2.7%
3.6%
0.9%
Covera ge ra tio {(ALLL+Al loc tra ns fer ris k)/Noncurrent loa ns )}
68.7%
54.0%
81.5%
51.8%
62.7%
Los s provis ion to net cha rge‐offs (qtr)
93.5%
100.5%
169.7%
137.7%
165.1%
1.2%
0.9%
1.5%
3.1%
0.5%
2
Return on equity
Return on a s s ets
2
Net i nteres t ma rgin
2
Net cha rge‐offs to a vera ge l oa ns a nd leases
2
2. Quarterly, annualized.
Asset Quality
Noncurrent Loa ns (% of Tota l Loa n Type)
Q1 2010
Weighted Average
Median
Q3 2008
Previous Quarter
Median
Median
Previous Year
Median
Construction & development
17.9%
17.9%
6.6%
17.3%
8.5%
Closed‐end 1‐4 family residential
14.8%
10.4%
4.4%
10.3%
7.2%
Home equity
2.0%
1.6%
1.3%
1.6%
1.4%
Credit card
4.3%
3.5%
2.4%
3.5%
3.3%
Other consumer
1.8%
1.0%
0.7%
0.9%
0.7%
Commercial & Industrial
3.8%
2.8%
0.9%
2.8%
1.6%
Commercial real estate
6.4%
6.5%
1.3%
5.7%
2.6%
Total loans
6.8%
4.9%
2.7%
4.9%
Cha rge‐Offs (% of Tota l Loa n Type)
Q3 2008
Q1 2010
Weighted Average
Median
Previous Quarter
Median
4.1%
Previous Year
Median
Median
Construction & development
1.4%
1.2%
1.0%
4.8%
0.7%
Closed‐end 1‐4 family residential
0.7%
0.5%
0.8%
1.6%
0.2%
Home equity
1.1%
0.7%
1.3%
2.9%
0.6%
Credit card
4.0%
3.2%
4.3%
11.3%
2.3%
Other consumer
1.0%
0.5%
1.5%
2.2%
0.6%
Commercial & Industrial
0.6%
0.4%
0.6%
2.3%
0.3%
Commercial real estate
0.3%
0.3%
0.1%
1.4%
0.1%
Total loans
1.0%
0.7%
1.1%
2.5%
0.4%
Institutions in Group
Total Assets of Depository Institutions in
Group
Bank Holding Companies
16
$11,252,848
% of Total Assets of All Depository
Institutions
77.9%
1. Increases are largely due to accounting changes implemented in the first quarter of 2010 (the implementation of FAS 166 and 167).
Data are merger adjusted to reflect Wells Fargo & Company's acquisition of Wachovia Corporation and PNC Financial Services Group's acquisition of National City Corporation in fourth quarter 2008.
Source: Federa l Res erve Y‐9C Da ta
21
II. CPP Bank Holding Companies with Assets Between $10 Billion and $100 Billion
Q1 2010
Selected balance and off‐balance sheet items
$ millions
($Aggregate)
Median % Change
$ millions
(median)
Q3 2008
From Previous Quarter
From Previous Year
Assets
$943,435
$16,412
1.1%
‐1.1%
‐2.9%
Loa ns
$618,015
$10,926
‐6.4%
‐2.6%
‐7.6%
Construction & development
$53,949
$1,084
‐27.4%
‐7.2%
‐21.3%
Closed‐end 1‐4 family residential
$87,575
$1,697
‐3.8%
‐1.7%
‐8.7%
Home equity
$43,138
$642
8.7%
‐0.1%
2.1%
Credit card
$47,225
$1
‐2.1%
‐4.8%
‐0.1%
Other consumer
$49,171
$507
‐9.0%
‐2.4%
‐9.1%
Commercial & Industrial
$139,143
$2,467
‐13.8%
‐4.5%
‐15.1%
Commercial real estate
$128,632
$2,696
13.4%
‐0.4%
4.6%
Unus ed commitments
$52,511
$992
‐73.8%
‐69.3%
‐73.3%
Securi tiza tion outs ta nding principa l
$28,249
$0
‐32.6%
‐5.5%
‐26.6%
Mortga ge‐ba cked s ecuri ti es (GSE a nd pri va te i s s ue)
$94,558
$2,012
23.1%
‐1.9%
4.6%
$3,383
$0
‐62.4%
‐3.7%
‐61.4%
As s et‐ba cked s ecurities
Other s ecurities
Ca s h & ba l a nces due
$196,193
$3,857
9.8%
‐0.6%
‐1.0%
$91,606
$1,080
207.0%
26.0%
39.5%
$5,181
$82
46.4%
‐26.4%
‐41.6%
$6
$0
‐69.7%
‐37.3%
‐50.1%
$7,292
$95
40.6%
‐18.0%
‐26.7%
$4
$0
‐79.2%
‐53.7%
‐69.1%
Res identi a l mortga ge originations
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
$841,888
$14,442
Depos its
$649,872
$11,517
9.4%
0.7%
6.3%
Tota l other borrowi ngs
$115,047
$1,055
‐39.0%
‐6.2%
‐28.0%
$100,416
$1,676
24.4%
0.6%
6.9%
‐2.8%
‐1.0%
‐2.4%
Equity
Equity ca pita l a t qua rter end
Performance Ratios
Median Levels
Q1 2010
Ra tios
Weighted Average
Median
Q3 2008
Previous Quarter
Median
Median
Previous Year
Median
Ti er 1 levera ge ra tio
10.1%
10.0%
8.0%
9.5%
9.5%
Ti er 1 ris k ba s ed ca pita l ra ti o
12.6%
12.8%
9.2%
12.3%
11.6%
Tota l ris k ba s ed ca pita l ra tio
15.3%
15.0%
11.9%
14.4%
13.9%
‐0.7%
0.1%
5.2%
‐3.2%
‐0.9%
‐0.1%
0.0%
0.6%
‐0.3%
‐0.1%
1.1%
1.0%
2.9%
3.8%
0.9%
66.2%
66.7%
81.0%
63.7%
66.2%
110.4%
108.6%
170.0%
135.8%
144.4%
1.0%
0.6%
0.7%
3.8%
0.5%
2
Return on equity
Return on a s s ets
2
Net i nteres t ma rgin
2
Covera ge ra tio {(ALLL+Al loc tra ns fer ris k)/Noncurrent loa ns )}
Los s provis ion to net cha rge‐offs (qtr)
Net cha rge‐offs to a vera ge l oa ns a nd leases
2
2. Quarterly, annualized.
Asset Quality
Noncurrent Loa ns (% of Tota l Loa n Type)
Q1 2010
Weighted Average
Construction & development
Median
Q3 2008
Previous Quarter
Median
Median
Previous Year
Median
18.9%
15.2%
6.3%
14.0%
10.1%
Closed‐end 1‐4 family residential
5.8%
3.9%
1.5%
3.8%
2.5%
Home equity
1.1%
1.1%
0.8%
1.1%
1.0%
Credit card
3.2%
0.6%
0.6%
0.8%
1.0%
Other consumer
2.2%
0.7%
0.4%
0.6%
0.6%
Commercial & Industrial
3.5%
2.5%
0.7%
2.4%
1.8%
Commercial real estate
4.9%
4.5%
0.8%
4.1%
1.6%
Total loans
5.2%
4.7%
1.9%
4.7%
Cha rge‐Offs (% of Tota l Loa n Type)
Q3 2008
Q1 2010
Weighted Average
Median
Previous Quarter
Median
3.0%
Previous Year
Median
Median
Construction & development
2.4%
1.5%
1.4%
8.3%
0.9%
Closed‐end 1‐4 family residential
0.5%
0.3%
0.2%
1.3%
0.2%
Home equity
0.4%
0.3%
0.3%
1.0%
0.2%
Credit card
2.4%
1.8%
3.3%
6.7%
1.1%
Other consumer
0.5%
0.4%
0.9%
2.1%
0.5%
Commercial & Industrial
0.5%
0.4%
0.5%
2.5%
0.4%
Commercial real estate
0.4%
0.4%
0.1%
1.0%
0.0%
Total loans
0.8%
0.5%
0.6%
3.1%
Institutions in Group
Total Assets of Depository Institutions in
Group
Bank Holding Companies
35
$943,435
0.4%
% of Total Assets of All Depository
Institutions
6.5%
Source: Federa l Res erve Y‐9C Da ta
22
III. CPP Bank Holding Companies with Assets Between $1 Billion and $10 Billion
Q1 2010
Selected balance and off‐balance sheet items
$ millions
($Aggregate)
Median % Change
$ millions
(median)
Q3 2008
From Previous Quarter
From Previous Year
Assets
$412,977
$1,903
7.0%
‐0.2%
1.1%
Loa ns
$283,888
$1,361
‐1.2%
‐1.6%
‐3.0%
Construction & development
$36,132
$164
‐22.1%
‐5.7%
‐22.9%
Closed‐end 1‐4 family residential
$50,050
$241
1.0%
‐1.5%
‐3.8%
Home equity
$16,884
$60
10.9%
‐0.3%
3.3%
$258
$0
‐5.0%
‐4.9%
1.1%
Credit card
Other consumer
$11,236
$35
‐16.8%
‐4.9%
‐11.9%
Commercial & Industrial
$44,843
$174
‐7.8%
‐2.3%
‐6.7%
Commercial real estate
$99,788
$455
11.4%
0.2%
5.5%
$21,889
$86
‐67.3%
‐59.1%
‐65.2%
$982
$0
‐10.8%
0.0%
‐2.9%
$39,261
$160
35.2%
‐2.7%
1.0%
$94
$0
‐80.4%
0.0%
‐99.5%
$101,595
$450
27.0%
2.1%
11.3%
$26,590
$98
105.2%
7.6%
40.2%
$7,913
Unus ed commitments
Securi tiza tion outs ta nding principa 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 ecurities
Other s ecurities
Ca s h & ba l a nces due
Res identi a l mortga ge originations
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)
$12
22.8%
‐29.6%
‐49.1%
$2
$0
‐89.8%
‐59.3%
‐94.2%
$10,447
$15
26.7%
‐22.5%
‐39.0%
$0
$0
0.0%
0.0%
0.0%
1.2%
Liabilities
$374,294
$1,765
6.5%
‐0.1%
Depos its
$326,771
$1,545
12.9%
0.8%
5.1%
$21,320
$95
‐36.8%
‐5.6%
‐26.6%
$38,464
$155
25.0%
0.9%
0.4%
Tota l other borrowi ngs
Equity
Equity ca pita l a t qua rter end
Performance Ratios
Median Levels
Q1 2010
Ra tios
Weighted Average
Ti er 1 levera ge ra tio
Median
Q3 2008
Previous Quarter
Median
Median
Previous Year
Median
9.0%
9.2%
8.3%
9.0%
9.7%
Ti er 1 ris k ba s ed ca pita l ra ti o
12.2%
12.1%
9.9%
11.8%
12.0%
Tota l ris k ba s ed ca pita l ra tio
14.0%
14.1%
11.4%
13.6%
13.7%
‐0.9%
0.9%
6.5%
‐1.0%
1.0%
‐0.1%
0.1%
0.5%
‐0.2%
0.1%
1.1%
1.1%
3.2%
4.2%
1.0%
52.5%
60.6%
86.3%
65.2%
66.0%
116.7%
113.4%
170.0%
135.7%
177.9%
0.6%
0.4%
0.3%
1.8%
0.2%
2
Return on equity
Return on a s s ets
2
Net i nteres t ma rgin
2
Covera ge ra tio {(ALLL+Al loc tra ns fer ris k)/Noncurrent loa ns )}
Los s provis ion to net cha rge‐offs (qtr)
Net cha rge‐offs to a vera ge l oa ns a nd leases
2
2. Quarterly, annualized.
Asset Quality
Noncurrent Loa ns (% of Tota l Loa n Type)
Q1 2010
Weighted Average
Construction & development
Median
Q3 2008
Previous Quarter
Median
Median
Previous Year
Median
16.0%
10.7%
3.4%
10.3%
6.4%
Closed‐end 1‐4 family residential
3.7%
2.7%
1.2%
2.6%
1.6%
Home equity
1.2%
0.7%
0.3%
0.6%
0.5%
Credit card
0.9%
0.0%
0.0%
0.0%
0.0%
Other consumer
0.7%
0.5%
0.3%
0.5%
0.4%
Commercial & Industrial
2.7%
2.0%
0.9%
2.0%
1.6%
Commercial real estate
3.5%
2.6%
0.7%
2.4%
1.2%
Total loans
4.8%
3.7%
1.4%
3.4%
Cha rge‐Offs (% of Tota l Loa n Type)
Q1 2010
Weighted Average
Q3 2008
Median
Previous Quarter
Median
2.4%
Previous Year
Median
Median
Construction & development
1.5%
0.7%
0.2%
2.9%
0.2%
Closed‐end 1‐4 family residential
0.3%
0.2%
0.1%
0.8%
0.1%
Home equity
0.3%
0.1%
0.1%
0.5%
0.0%
Credit card
1.5%
0.9%
1.6%
3.7%
0.8%
Other consumer
0.5%
0.4%
1.0%
2.0%
0.4%
Commercial & Industrial
0.5%
0.3%
0.5%
2.0%
0.2%
Commercial real estate
0.3%
0.1%
0.0%
0.4%
0.0%
Total loans
0.5%
0.3%
0.3%
1.4%
0.2%
Institutions in Group
Total Assets of Depository Institutions in
Group
Bank Holding Companies
155
$412,977
% of Total Assets of All Depository
Institutions
2.9%
Source: Federa l Res erve Y‐9C Da ta
23
IV. CPP Bank Holding Companies with Assets Less Than $1 Billion
Q1 2010
Selected balance and off‐balance sheet items
$ millions
($Aggregate)
Median % Change
$ millions
(median)
Q3 2008
From Previous Quarter
From Previous Year
Assets
$79,126
$680
6.9%
‐0.1%
2.9%
Loa ns
$56,357
$482
‐0.6%
‐1.2%
‐0.9%
Construction & development
Closed‐end 1‐4 family residential
Home equity
Credit card
$7,363
$54
‐23.1%
‐4.5%
‐18.5%
$10,633
$85
0.1%
‐0.7%
0.9%
$3,016
$22
21.8%
0.2%
7.9%
$42
$0
‐0.3%
‐2.6%
8.0%
Other consumer
$1,787
$9
‐14.7%
‐5.4%
‐10.8%
Commercial & Industrial
$8,242
$62
‐7.7%
‐2.3%
‐6.8%
Commercial real estate
$20,580
$167
12.0%
0.9%
6.4%
$3,954
$29
‐66.0%
‐55.2%
‐60.0%
$17
$0
‐20.6%
27.2%
29.7%
$5,624
$36
6.7%
‐4.9%
‐10.9%
‐100.0%
Unus ed commitments
Securi tiza tion outs ta nding principa 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 ecurities
Other s ecurities
Ca s h & ba l a nces due
$8
$0
‐70.5%
‐4.9%
$18,915
$146
14.8%
‐0.3%
7.5%
$4,948
$25
46.0%
1.2%
21.5%
‐56.6%
Res identi a l mortga ge originations
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)
$1,460
$0
35.3%
‐32.1%
$0
$0
‐100.0%
‐100.0%
0.0%
$1,848
$0
37.9%
‐29.7%
‐49.4%
$0
$0
‐100.0%
0.0%
0.0%
3.4%
Liabilities
$71,894
$631
6.0%
‐0.4%
Depos its
$63,224
$537
10.7%
1.0%
5.9%
$5,203
$36
‐30.9%
‐4.1%
‐21.4%
$7,171
$59
21.6%
1.2%
0.8%
Tota l other borrowi ngs
Equity
Equity ca pita l a t qua rter end
Performance Ratios
Median Levels
Q1 2010
Ra tios
Weighted Average
Ti er 1 levera ge ra tio
Median
Q3 2008
Previous Quarter
Median
Median
Previous Year
Median
9.7%
9.3%
8.4%
9.3%
9.7%
Ti er 1 ris k ba s ed ca pita l ra ti o
12.8%
12.1%
10.3%
11.9%
11.9%
Tota l ris k ba s ed ca pita l ra tio
14.4%
13.7%
11.6%
13.4%
13.1%
0.9%
1.3%
6.5%
‐1.2%
1.1%
0.1%
0.1%
0.5%
‐0.1%
0.1%
1.1%
1.1%
3.2%
4.2%
1.0%
52.6%
54.2%
80.2%
58.8%
64.8%
114.0%
122.5%
168.2%
152.5%
193.6%
0.3%
0.2%
0.2%
1.2%
0.1%
2
Return on equity
Return on a s s ets
2
Net i nteres t ma rgin
2
Covera ge ra tio {(ALLL+Al loc tra ns fer ris k)/Noncurrent loa ns )}
Los s provis ion to net cha rge‐offs (qtr)
Net cha rge‐offs to a vera ge l oa ns a nd leases
2
2. Quarterly, annualized.
Asset Quality
Noncurrent Loa ns (% of Tota l Loa n Type)
Q1 2010
Weighted Average
Construction & development
Median
Q3 2008
Previous Quarter
Median
Median
Previous Year
Median
10.7%
8.1%
3.3%
8.0%
5.9%
Closed‐end 1‐4 family residential
3.2%
2.3%
1.2%
2.6%
1.6%
Home equity
1.0%
0.3%
0.1%
0.1%
0.3%
Credit card
0.9%
0.2%
0.7%
0.3%
0.2%
Other consumer
0.8%
0.4%
0.3%
0.2%
0.3%
Commercial & Industrial
2.7%
1.9%
0.7%
1.7%
1.0%
Commercial real estate
3.2%
2.5%
0.5%
1.8%
1.0%
Total loans
3.9%
3.7%
1.6%
3.5%
Cha rge‐Offs (% of Tota l Loa n Type)
Q1 2010
Weighted Average
Q3 2008
Median
Previous Quarter
Median
2.3%
Previous Year
Median
Median
Construction & development
0.6%
0.2%
0.1%
2.0%
0.0%
Closed‐end 1‐4 family residential
0.2%
0.1%
0.1%
0.5%
0.0%
Home equity
0.2%
0.0%
0.0%
0.3%
0.0%
Credit card
1.3%
0.6%
1.5%
2.9%
0.6%
Other consumer
0.4%
0.2%
0.6%
1.4%
0.2%
Commercial & Industrial
0.4%
0.2%
0.3%
1.3%
0.1%
Commercial real estate
0.1%
0.0%
0.0%
0.2%
0.0%
Total loans
0.3%
0.2%
0.2%
0.9%
0.1%
Institutions in Group
Total Assets of Depository Institutions in
Group
Bank Holding Companies
115
$79,126
% of Total Assets of All Depository
Institutions
0.5%
Source: Federa l Res erve Y‐9C Da ta
24
V. Non‐CPP Bank Holding Companies with Assets Between $10 Billion and $100 Billion
Q1 2010
Selected balance and off‐balance sheet items
$ millions
($Aggregate)
Median % Change
$ millions
(median)
Q3 2008
From Previous Quarter
From Previous Year
Assets
$351,207
$16,687
11.8%
0.3%
5.3%
Loa ns
$227,966
$10,087
0.1%
‐0.8%
‐0.5%
Construction & development
$17,495
$1,012
‐19.6%
‐6.1%
‐19.4%
Closed‐end 1‐4 family residential
$39,598
$1,721
3.9%
‐1.8%
‐0.6%
Home equity
$14,923
$447
19.9%
0.0%
7.4%
$5,550
$80
10.5%
‐2.1%
11.6%
‐22.2%
Credit card
Other consumer
$21,666
$400
‐30.0%
‐3.5%
Commercial & Industrial
$36,750
$1,815
‐7.7%
‐3.8%
‐9.5%
Commercial real estate
$53,987
$2,441
15.2%
0.1%
11.2%
Unus ed commitments
$21,048
$677
‐77.7%
‐73.6%
‐73.7%
Securi tiza tion outs ta nding principa l
$10,406
$0
‐12.5%
‐2.8%
‐7.1%
Mortga ge‐ba cked s ecuri ti es (GSE a nd pri va te i s s ue)
$40,941
$2,563
2.6%
‐4.2%
5.0%
$2,297
$0
‐90.3%
‐11.6%
‐99.0%
As s et‐ba cked s ecurities
Other s ecurities
$91,761
$6,512
6.7%
1.2%
8.2%
Ca s h & ba l a nces due
$19,098
$1,099
59.6%
‐2.5%
1.4%
$4,009
$162
11.6%
‐32.9%
‐52.9%
$0
$0
0.0%
0.0%
0.0%
$5,548
$230
12.5%
‐20.7%
‐43.9%
$0
$0
0.0%
0.0%
0.0%
Res identi a l mortga ge originations
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
$315,852
$15,098
11.2%
Depos its
$249,413
$12,792
14.4%
0.2%
7.1%
$35,659
$767
‐0.3%
0.2%
‐12.2%
$35,253
$1,467
18.9%
2.2%
12.6%
Tota l other borrowi ngs
0.3%
4.7%
Equity
Equity ca pita l a t qua rter end
Performance Ratios
Median Levels
Q1 2010
Ra tios
Weighted Average
Median
Q3 2008
Previous Quarter
Median
Median
Previous Year
Median
Ti er 1 levera ge ra tio
7.2%
8.1%
7.9%
8.2%
7.9%
Ti er 1 ris k ba s ed ca pita l ra ti o
9.5%
12.1%
10.6%
11.5%
11.0%
Tota l ris k ba s ed ca pita l ra tio
11.8%
14.8%
12.4%
14.2%
12.7%
3.0%
3.2%
10.2%
9.9%
2.8%
0.3%
0.3%
0.9%
0.9%
0.3%
2
Return on equity
Return on a s s ets
2
Net i nteres t ma rgin
2
1.1%
1.1%
3.4%
4.0%
1.0%
Covera ge ra tio {(ALLL+Al loc tra ns fer ris k)/Noncurrent loa ns )}
57.1%
81.4%
197.5%
84.2%
105.4%
Los s provis ion to net cha rge‐offs (qtr)
84.1%
118.5%
158.5%
141.4%
155.7%
0.5%
0.4%
0.3%
1.2%
0.2%
Net cha rge‐offs to a vera ge l oa ns a nd leases
2
2. Quarterly, annualized.
Asset Quality
Noncurrent Loa ns (% of Tota l Loa n Type)
Q1 2010
Weighted Average
Construction & development
Median
Q3 2008
Previous Quarter
Median
Median
Previous Year
Median
14.4%
11.0%
3.0%
8.6%
5.6%
Closed‐end 1‐4 family residential
3.3%
2.4%
1.0%
1.8%
0.9%
Home equity
0.4%
0.5%
0.2%
0.6%
0.3%
Credit card
3.7%
1.7%
1.3%
1.8%
2.1%
Other consumer
0.7%
0.7%
0.3%
0.7%
0.6%
Commercial & Industrial
2.3%
1.6%
0.7%
1.8%
1.3%
Commercial real estate
3.7%
1.9%
0.5%
1.5%
0.7%
Total loans
3.6%
3.1%
0.6%
2.2%
Cha rge‐Offs (% of Tota l Loa n Type)
Q3 2008
Q1 2010
Weighted Average
Median
Previous Quarter
Median
1.4%
Previous Year
Median
Median
Construction & development
1.5%
0.5%
0.2%
2.3%
0.4%
Closed‐end 1‐4 family residential
0.2%
0.1%
0.2%
0.4%
0.1%
Home equity
0.2%
0.1%
0.1%
0.6%
0.1%
Credit card
3.5%
1.5%
3.1%
6.0%
1.4%
Other consumer
0.6%
0.5%
1.0%
2.3%
0.5%
Commercial & Industrial
0.3%
0.3%
0.3%
1.0%
0.2%
Commercial real estate
0.3%
0.0%
0.0%
0.3%
0.0%
Total loans
0.4%
0.3%
0.3%
1.0%
Institutions in Group
Total Assets of Depository Institutions in
Group
Bank Holding Companies
14
$351,207
0.1%
% of Total Assets of All Depository
Institutions
2.4%
Source: Federa l Res erve Y‐9C Da ta
25
VI. Non‐CPP Bank Holding Companies with Assets Between $1 Billion and $10 Billion
Q1 2010
Selected balance and off‐balance sheet items
$ millions
($Aggregate)
Median % Change
$ millions
(median)
Q3 2008
From Previous Quarter
From Previous Year
Assets
$560,646
$1,588
7.7%
0.3%
3.9%
Loa ns
$349,392
$1,107
‐0.2%
‐1.4%
‐2.1%
Construction & development
$39,281
$117
‐23.4%
‐4.6%
‐20.2%
Closed‐end 1‐4 family residential
$78,164
$179
0.6%
‐1.4%
‐3.8%
Home equity
$16,545
$41
12.7%
‐0.4%
4.7%
$1,428
$0
‐0.6%
‐4.8%
7.7%
$19,908
$28
‐12.3%
‐4.1%
‐7.9%
Credit card
Other consumer
Commercial & Industrial
$50,257
$150
‐8.6%
‐2.7%
‐7.3%
Commercial real estate
$107,619
$342
11.0%
0.3%
6.7%
$25,360
$63
‐71.4%
‐63.1%
‐68.3%
$9,826
$0
‐33.1%
‐2.8%
‐16.1%
$67,364
$137
3.9%
‐3.4%
‐3.2%
$462
$0
‐97.2%
‐2.4%
‐91.4%
$173,945
$466
16.4%
2.3%
10.2%
$45,146
$108
135.8%
9.4%
40.7%
‐54.9%
Unus ed commitments
Securi tiza tion outs ta nding principa 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 ecurities
Other s ecurities
Ca s h & ba l a nces due
Res identi a l mortga ge originations
Closed‐end mortgage originated for sale (quarter)
$7,312
Open‐end HELOC originated for sale (quarter)
Closed‐end mortgage originations sold (quarter)
Open‐end HELOC originations sold (quarter)
$8
6.0%
‐31.7%
$14
$0
22.3%
‐31.9%
$10,042
$10
7.8%
‐23.9%
‐50.0%
$29
$0
‐100.0%
‐12.6%
‐100.0%
47.9%
Liabilities
$503,061
$1,482
7.8%
0.1%
3.3%
Depos its
$425,542
$1,302
13.7%
0.9%
5.7%
$36,854
$85
‐23.6%
‐2.2%
‐15.4%
$56,099
$134
9.3%
1.7%
7.0%
Tota l other borrowi ngs
Equity
Equity ca pita l a t qua rter end
Performance Ratios
Median Levels
Q1 2010
Ra tios
Weighted Average
Ti er 1 levera ge ra tio
Median
Q3 2008
Previous Quarter
Median
Median
Previous Year
Median
9.4%
8.5%
8.7%
8.4%
8.4%
Ti er 1 ris k ba s ed ca pita l ra ti o
13.5%
11.8%
11.0%
11.2%
11.0%
Tota l ris k ba s ed ca pita l ra tio
15.1%
13.6%
12.3%
13.0%
12.3%
2.0%
2.1%
8.7%
7.5%
2.4%
0.2%
0.2%
0.8%
0.7%
0.2%
1.1%
1.1%
3.4%
4.3%
1.1%
52.2%
66.6%
112.9%
72.0%
85.4%
116.8%
138.7%
160.5%
139.8%
174.8%
0.5%
0.2%
0.3%
1.0%
0.1%
2
Return on equity
Return on a s s ets
2
Net i nteres t ma rgin
2
Covera ge ra tio {(ALLL+Al loc tra ns fer ris k)/Noncurrent loa ns )}
Los s provis ion to net cha rge‐offs (qtr)
Net cha rge‐offs to a vera ge l oa ns a nd leases
2
2. Quarterly, annualized.
Asset Quality
Noncurrent Loa ns (% of Tota l Loa n Type)
Q1 2010
Weighted Average
Construction & development
Median
Q3 2008
Previous Quarter
Median
Median
Previous Year
Median
14.1%
8.1%
2.3%
7.2%
4.3%
Closed‐end 1‐4 family residential
3.3%
1.6%
0.8%
1.5%
1.1%
Home equity
1.3%
0.5%
0.2%
0.3%
0.3%
Credit card
1.0%
0.3%
0.1%
0.6%
0.4%
Other consumer
0.8%
0.3%
0.2%
0.3%
0.2%
Commercial & Industrial
2.4%
1.4%
0.6%
1.3%
1.0%
Commercial real estate
3.1%
2.1%
0.7%
2.0%
1.0%
Total loans
4.1%
2.4%
1.0%
2.4%
Cha rge‐Offs (% of Tota l Loa n Type)
Q1 2010
Weighted Average
Q3 2008
Median
Previous Quarter
Median
1.7%
Previous Year
Median
Median
Construction & development
1.1%
0.1%
0.1%
1.7%
0.0%
Closed‐end 1‐4 family residential
0.2%
0.1%
0.1%
0.3%
0.0%
Home equity
0.2%
0.0%
0.0%
0.2%
0.0%
Credit card
5.3%
0.7%
1.8%
3.7%
0.6%
Other consumer
0.4%
0.2%
0.6%
1.1%
0.2%
Commercial & Industrial
0.4%
0.1%
0.2%
1.2%
0.1%
Commercial real estate
0.2%
0.0%
0.0%
0.2%
0.0%
Total loans
0.4%
0.1%
0.2%
0.8%
0.1%
Institutions in Group
Total Assets of Depository Institutions in
Group
Bank Holding Companies
239
$560,646
% of Total Assets of All Depository
Institutions
3.9%
Source: Federa l Res erve Y‐9C Da ta
26
VII. Non‐CPP Bank Holding Companies with Assets Less Than $1 Billion
Q1 2010
Selected balance and off‐balance sheet items
$ millions
($Aggregate)
Median % Change
$ millions
(median)
Q3 2008
From Previous Quarter
From Previous Year
Assets
$285,636
$625
4.1%
0.3%
1.4%
Loa ns
$192,543
$423
‐1.6%
‐1.3%
‐2.8%
Construction & development
$22,067
$38
‐26.0%
‐4.6%
‐20.9%
Closed‐end 1‐4 family residential
$42,935
$81
0.4%
‐1.1%
‐1.9%
$8,407
$15
9.2%
‐0.6%
3.3%
$434
$0
‐0.9%
‐4.0%
6.2%
Home equity
Credit card
$7,814
$10
‐16.3%
‐3.9%
‐9.8%
Commercial & Industrial
Other consumer
$24,485
$47
‐8.0%
‐2.1%
‐7.3%
Commercial real estate
$63,141
$137
8.3%
0.0%
3.7%
$11,565
$21
‐70.1%
‐60.0%
‐67.5%
$796
$0
‐9.9%
‐2.0%
‐7.2%
$21,999
$34
‐10.2%
‐5.1%
‐13.7%
‐58.0%
Unus ed commitments
Securi tiza tion outs ta nding principa 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 ecurities
$100
$0
‐84.9%
‐4.2%
Other s ecurities
$86,927
$167
10.1%
1.2%
7.9%
Ca s h & ba l a nces due
$18,123
$31
91.9%
8.7%
34.2%
$7,544
$0
5.2%
‐35.6%
‐58.2%
$19
$0
‐72.5%
‐54.3%
1349.4%
$3,474
$0
5.5%
‐31.1%
‐53.3%
$13
$0
29.8%
‐28.2%
2341.8%
Res identi a l mortga ge originations
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
$262,185
$570
Depos its
$232,872
$514
7.3%
0.6%
3.0%
$17,583
$30
‐23.5%
‐1.4%
‐14.5%
$23,207
$51
4.5%
1.6%
2.9%
Tota l other borrowi ngs
4.0%
0.2%
1.1%
Equity
Equity ca pita l a t qua rter end
Performance Ratios
Median Levels
Q1 2010
Ra tios
Weighted Average
Ti er 1 levera ge ra tio
Median
Q3 2008
Previous Quarter
Median
Median
Previous Year
Median
8.4%
8.5%
8.9%
8.4%
8.4%
Ti er 1 ris k ba s ed ca pita l ra ti o
11.6%
11.5%
11.3%
11.2%
11.0%
Tota l ris k ba s ed ca pita l ra tio
13.1%
12.9%
12.6%
12.6%
12.4%
1.2%
2.1%
7.8%
5.4%
2.2%
0.1%
0.2%
0.7%
0.3%
0.2%
1.1%
1.1%
3.3%
4.5%
1.1%
47.2%
64.8%
86.1%
63.0%
67.2%
119.7%
133.3%
145.1%
137.7%
134.7%
0.3%
0.1%
0.2%
1.2%
0.1%
2
Return on equity
Return on a s s ets
2
Net i nteres t ma rgin
2
Covera ge ra tio {(ALLL+Al loc tra ns fer ris k)/Noncurrent loa ns )}
Los s provis ion to net cha rge‐offs (qtr)
Net cha rge‐offs to a vera ge l oa ns a nd leases
2
2. Quarterly, annualized.
Asset Quality
Noncurrent Loa ns (% of Tota l Loa n Type)
Q1 2010
Weighted Average
Construction & development
Median
Q3 2008
Previous Quarter
Median
Median
Previous Year
Median
13.3%
6.2%
1.9%
6.8%
5.2%
Closed‐end 1‐4 family residential
2.8%
1.8%
0.9%
1.9%
1.3%
Home equity
1.1%
0.2%
0.0%
0.2%
0.1%
Credit card
1.3%
0.0%
0.1%
0.1%
0.1%
Other consumer
0.7%
0.3%
0.3%
0.4%
0.3%
Commercial & Industrial
2.4%
1.4%
0.7%
1.2%
0.9%
Commercial real estate
3.1%
2.0%
0.8%
1.9%
1.1%
Total loans
3.9%
2.6%
1.3%
2.5%
Cha rge‐Offs (% of Tota l Loa n Type)
Q3 2008
Q1 2010
Weighted Average
Median
Previous Quarter
Median
1.9%
Previous Year
Median
Median
Construction & development
0.6%
0.0%
0.1%
1.7%
0.0%
Closed‐end 1‐4 family residential
0.1%
0.0%
0.1%
0.4%
0.0%
Home equity
0.2%
0.0%
0.0%
0.1%
0.0%
Credit card
3.8%
0.4%
1.4%
2.7%
0.4%
Other consumer
0.4%
0.2%
0.6%
1.1%
0.2%
Commercial & Industrial
0.3%
0.1%
0.2%
1.1%
0.1%
Commercial real estate
0.1%
0.0%
0.0%
0.2%
0.0%
Total loans
0.2%
0.1%
0.2%
0.9%
Institutions in Group
Total Assets of Depository Institutions in
Group
Bank Holding Companies
445
$285,636
0.1%
% of Total Assets of All Depository
Institutions
2.0%
Source: Federa l Res erve Y‐9C Da ta
27
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. 18
•
Ally Financial Inc. (previously GMAC) is excluded from all groups as GMAC received
TARP funds under the Automotive Industry Financing Program.
•
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 fourth quarter 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 principal 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 and median performance ratios were calculated for
each group.
•
The ratios ROE, ROA, net interest margin, net charge-offs to average loans are
annualized.
18
In some cases, “BHCs meeting certain criteria may be required to file this report, regardless of size. However,
when such BHCs own or control, or are owned or controlled by, other BHCs, only top-tier holding companies must
file this report for the consolidated holding company organization.” See The Federal Reserve Board’s “Reporting
Forms” page for more detailed information (http://federalreserve.gov/reportforms/default.cfm).
28
•
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: Treasury Analysis of Y-9C Data
29
@FedFRASER