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Quarterly Banking Profile

First Quarter 2011

INSURED INSTITUTION PERFORMANCE
■	
■	
■	
■	
■	

Net Income Rises to $29 Billion
Lower Loan-Loss Provisions Remain Key to Higher Earnings
Revenues Post Year-over-Year Decline
Asset Quality Indicators Continue to Exhibit Improvement
Loan Balances Fall by $126.6 Billion
year-over-year decline. It is the smallest quarterly loss
provision for the industry since third quarter 2007. The
largest reductions in provisions occurred at credit card
lenders that made sizable additions to their loan-loss
reserves a year ago, but almost half of all institutions
(48.9 percent) reported lower provisions. Fewer than a
third (32.6 percent) increased their provisions from
year-earlier levels.

Profits Rise for Seventh Consecutive Quarter
Bank earnings continued to benefit from falling loan-loss
provisions in first quarter 2011 as FDIC-insured commercial banks and savings institutions posted their highest
quarterly net income since the onset of the financial
crisis. Net income totaled $29.0 billion, an $11.6 billion
(66.5 percent) increase from first quarter 2010, and the
best quarterly result since second quarter 2007. This is
the seventh consecutive quarter that industry earnings
have registered year-over-year gains. More than half of
all institutions (56.2 percent) reported improved earnings, and fewer institutions were unprofitable (15.4
percent, compared to 19.3 percent in first quarter 2010).

Revenues Exhibit Weakness
The positive contribution from reduced provisions
outweighed the negative effect of lower revenues at
many institutions. Net operating revenue (net interest
income plus total noninterest income) was $5.5 billion
(3.2 percent) lower than a year ago. This is only the
second time in the 27 years for which data are available
that the industry has reported a year-over-year decline
in quarterly net operating revenue.

Loss Provisions Are Less than Half the Level
of a Year Ago
Provisions for loan losses fell to $20.7 billion in the first
quarter from $51.6 billion a year earlier. This marks the
sixth quarter in a row that loss provisions have had a

Chart 1

Chart 2
Provisions Continue to Decline, but Revenues
Are Not Growing

Quarterly Earnings Improved Year-over-Year
for a Seventh Consecutive Quarter

Billions of Dollars
180

Billions of Dollars
60

Securities and Other Gains/Losses, Net
Net Operating Income

50
40

36.9 38.0 38.0 35.3 35.6 36.8

30

28.7
19.3

20
10

0.5

0

17.4
4.8 0.9

20.9

23.8 22.1

160
140
29.0

120
100
80

2.2
-6.1
-12.6

-10
-20

Quarterly Net Operating Revenue*

60

-1.7

40
20

-30
-40

Quarterly Loan-Loss
Provisions

0

-37.8

1 2 3 4 1 2 3 4 1 2 3 4 1 2 3 4 1 2 3 4 1
2011
2009
2010
2007
2006
2008

FDIC Quarterly

1 2 3 4 1 2 3 4 1 2 3 4 1 2 3 4 1 2 3 4 1 2 3 4 1
2005
2006
2010 2011
2007
2008
2009

* Net operating revenue = net interest income + noninterest income

1

2011, Volume 5, No. 2

while 41.5 percent reported increases. NCOs were
lower in all major loan categories. The largest reduction
occurred in credit cards, where NCOs fell by $7.3
billion (39.1 percent). Real estate construction loan
NCOs were $3 billion (51.5 percent) lower than in first
quarter 2010, while charge-offs of closed-end 1-4 family
residential mortgages fell by $2.6 billion (29.6 percent).
Commercial and industrial (C&I) loan NCOs also
declined by $2.6 billion (43.1 percent).

Decline in Revenues Is Concentrated Among
Large Institutions
Net interest income declined year-over-year for the first
time since fourth quarter 1989, falling by $3.2 billion (3
percent), while noninterest income was $2.2 billion
(3.7 percent) lower than in first quarter 2010. The
reduction in net interest income was caused by
narrower net interest margins and weak growth in interest-earning assets. The decline in noninterest income
reflected lower revenues from service charges on deposit
accounts (down $1.7 billion, or 17.3 percent at institutions filing Call Reports) and reduced trading income
(down $1 billion, or 11.7 percent). Much of the reduction in net operating revenue was concentrated at
larger institutions; more than half of all institutions
(59.5 percent) reported year-over-year increases in net
operating revenue, with 57.6 percent reporting higher
net interest income and 52.1 percent reporting
increased noninterest income. However, of the ten largest institutions, which together hold more than half of
all insured institution assets, six reported year-over-year
declines in net operating revenue, six had declines in
noninterest income and eight reported lower net interest income.

Noncurrent Loan Balances Fall for a Fourth
Consecutive Quarter
Noncurrent loan balances (loans 90 days or more past
due or in nonaccrual status) fell by $17 billion (4.7
percent) during the quarter. At the end of March,
insured institutions reported $341.7 billion in noncurrent loans and leases, down from $358.7 billion at the
end of 2010. This is the fourth consecutive quarter that
noncurrent loans have declined, and they are now
$68.2 billion (16.6 percent) below the peak level
reached a year ago. Half of all institutions (50.3
percent) reported reductions in their noncurrent loan
balances, while 43.1 percent reported increases.
Noncurrent balances declined in all major loan categories. Noncurrent C&I loans declined by $6.1 billion
(21.1 percent), noncurrent construction and development loans fell by $4.3 billion (8.3 percent), and
noncurrent closed-end 1-4 family residential mortgages
declined by $2.8 billion (1.6 percent). The average
noncurrent loan rate at the end of the quarter was 4.71
percent, the lowest level since second quarter 2009.

Loan Losses Improve Across All Main Loan
Categories
Net loan charge-offs (NCOs) declined for a third
consecutive quarter. Insured institutions charged-off
$33.3 billion in the first quarter, a $19.9 billion (37.5
percent) decline from first quarter 2010. Almost half of
all institutions (48.9 percent) reported lower NCOs,

Chart 3

Chart 4

Lower Asset Yields Are Putting Downward Pressure
on Net Interest Margins

The Levels of Troubled Loans and Loan Losses
Remain High

Percent
6

Quarterly Net Interest Margin
(Percent)
4.5

Noncurrent Loan Rate

5
4.0

4
3.5

3
3.0

Assets < $1 Billion
Assets $1 Billion - $10 Billion
Assets $10 Billion - $100 Billion
Assets > $100 Billion

2.5
2.0

2
1

1 2 3 4 1 2 3 4 1 2 3 4 1 2 3 4 1 2 3 4 1
2011
2009
2010
2008
2006
2007

FDIC Quarterly

0

2

Quarterly Net Charge-off Rate

2006

2007

2008

2009

2010

2011

2011, Volume 5, No. 2

Quarterly Banking Profile
Most Large Banks Reduce Their Reserves

Asset Growth Occurs Outside Loan Portfolios

Net charge-offs exceeded loss provisions by $12.6
billion in the first quarter, contributing to a $13 billion
(5.6 percent) drop in the industry’s loan-loss reserves.
This is the fourth consecutive quarter that aggregate
reserves have declined; they are now $44.9 billion (17.1
percent) below the peak level of a year ago. The decline
in reserves was concentrated among the largest banks.
Sixteen of the 19 institutions with assets greater than
$100 billion reduced their reserves in the first quarter,
and almost two-thirds of institutions with assets
between $10 billion and $100 billion (63.2 percent)
also reported reserve declines. Some of the largest
reductions in reserves occurred at credit card lenders. In
contrast to the trend at large banks, most institutions
with less than $1 billion in assets (60.1 percent)
increased their reserves during the quarter.

Total assets of insured institutions increased by $94.7
billion (0.7 percent) during the quarter. Balances with
Federal Reserve banks increased by $116.3 billion (23.5
percent) at Call Report filers with $300 million or more
in total assets. Mortgage-backed securities holdings rose
by $34.5 billion (2.3 percent). Total loan and lease
balances continued to fall, declining by $126.6 billion
(1.7 percent). This is the fifth-largest quarterly percentage decline in loan balances in the 28 years for which
data are available, and it marks the tenth time in the
last eleven quarters that reported loan balances have
fallen (the one exception was caused by the implementation of FASB 166 and 167, which resulted in the
consolidation of as much as $400 billion in securitized
loans onto banks’ balance sheets in first quarter 2010).
The largest declines in loan balances were in 1-4 family
residential mortgages, which fell by $63.8 billion (3.4
percent), credit cards (down $38.9 billion, or 5.5
percent), and in real estate construction and development loans, which declined by $25.9 billion (8.1
percent). Balances fell in most major loan categories,
with the exception of C&I loans, which increased by
$18.1 billion (1.5 percent) and loans to depository
institutions, which rose by $10.2 billion (9.3 percent).
Almost half of the growth in C&I loans (47 percent)
represented loans to non-U.S. borrowers, while 86.2
percent of the increase in loans to depository institutions consisted of loans to foreign banks. At the end of
March, net loans and leases represented 52.4 percent of
insured institutions’ assets, the lowest share since the
early 1970s.

Capital Levels Improve
Additions to capital in the first quarter surpassed the
decline in reserves. Bank equity capital increased by
$25.1 billion (1.7 percent), as retained earnings contributed $13.9 billion. Total risk-based capital increased by
$17.8 billion (1.3 percent). Tier 1 leverage capital
increased by $25.8 billion (2.2 percent), but tier 2 capital fell by $7.9 billion (3.4 percent), reflecting lower
loan-loss reserves. At the end of the quarter, 96 percent
of all institutions, representing over 99 percent of total
industry assets, met or exceeded the highest regulatory
capital requirements as defined for Prompt Corrective
Action (PCA) purposes. Industry averages for all three
regulatory capital ratios rose to all-time high levels,
driven by improvements at the largest institutions.

Chart 5

Chart 6

Banks Are Continuing to Raise Their Capital Levels

Loan Balances Continue to Decline

Percent
18
17
16
15
Total Risk-Based Capital Ratio
14
13
12
Tier 1 Risk-Based Capital Ratio
11
10
Equity to Assets Ratio
9
8
Core Capital (Leverage) Ratio
7
6
5
4
3
2
1
0
1 2 3 4 1 2 3 4 1 2 3 4 1 2 3 4 1 2 3 4 1 2 3 4 1
2005
2006
2007
2008
2009
2010 2011

FDIC Quarterly

Quarterly Change in Reported Total Loans Outstanding
(Billions of Dollars)
300
237.3
250
220.9*
202.6
188.9
200
150
100
61.4
43.4
50
28.1
0
-6.3
-6.6 -13.9
-50
-100
-108.6
-106.9
-116.2
-126.6
-150
-133.2
-139.6
-200
-210.3
-250

1

2 3
2007

4

1

2 3
2008

4

1

2 3
2009

4

1

2 3
2010

4

1
2011

* FASB Statements 166 and 167 resulted in the consolidation of large amounts of securitized
loan balances back onto banks’ balance sheets in the first quarter of 2010. Although the total
amount consolidated cannot be precisely quantified, the industry would have reported a decline
in loan balances for the quarter absent this change in accounting standards.

3

2011, Volume 5, No. 2

Deposit Growth Remains Strong

The Pace of Bank Failures Slows

Deposits at FDIC-insured institutions increased by
$178.8 billion (1.9 percent), as deposits in foreign
offices rose by $61.4 billion (4 percent), and domestic
office deposits grew by $117.4 billion (1.5 percent).
Noninterest-bearing deposits in domestic offices
increased by $58.3 billion (3.5 percent), while interestbearing deposits were up by $59.1 billion (1 percent).
Nondeposit liabilities fell by $101.1 billion (4.2
percent), with Fed funds purchased declining by $44.6
billion (37.5 percent), and FHLB advances falling by
$28.6 billion (7.4 percent).

The number of insured commercial banks and savings
institutions reporting financial results declined from
7,658 to 7,574 in the first quarter. One new reporting
institution was added during the quarter, while 56 institutions were absorbed by mergers and 26 institutions
failed. One report had not been received at the time
these data were prepared. The number of institutions on
the FDIC’s “Problem List” increased from 884 to 888
during the quarter. Assets of “problem” institutions
increased from $390 billion to $397 billion. Insured
institutions reported 2.09 million full-time equivalent
employees in the first quarter, an increase of 65,632
(3.2 percent) from first quarter 2010.
Author:

Chart 7

Chart 8
Banks Have Reduced Credit Risk and
Increased Liquidity

The Number of “Problem” Institutions Has Leveled Off
Number of FDIC-Insured “Problem” Institutions

Balances at Federal Reserve Banks*
(Billions of Dollars)
700
600
$518

500

1000
900
$531

$488

$573

$596

$498 $494

600

252

200
$20

1

$29

2
3
2008

100 48 50 47 50 53 61 65 76 90
4

1

2
3
2009

4

1

2
3
2010

*Reported by insured Call Reporters with assets greater than $300 million.

FDIC Quarterly

4

1
2011

0

4

884 888

416

300

$176

860

552

500
400

200

829

702

700

300

0

775

800

$611
$547

$388

400

100

Ross Waldrop, Sr. Banking Analyst
Division of Insurance and Research
(202) 898-3951

117

305

171

1 2 3 4 1 2 3 4 1 2 3 4 1 2 3 4 1 2 3 4 1
2006
2009
2007
2008
2010 2011

2011, Volume 5, No. 2

Quarterly Banking Profile
TABLE I-A. Selected Indicators, All FDIC-Insured Institutions*
Return on assets (%)������������������������������������������������������������������������������������������������������
Return on equity (%)�������������������������������������������������������������������������������������������������������
Core capital (leverage) ratio (%)������������������������������������������������������������������������������������
Noncurrent assets plus other real estate owned to assets (%)������������������������������������
Net charge-offs to loans (%)������������������������������������������������������������������������������������������
Asset growth rate (%)�����������������������������������������������������������������������������������������������������
Net interest margin (%)���������������������������������������������������������������������������������������������������
Net operating income growth (%)����������������������������������������������������������������������������������
Number of institutions reporting�������������������������������������������������������������������������������������
Commercial banks���������������������������������������������������������������������������������������������������
Savings institutions�������������������������������������������������������������������������������������������������
Percentage of unprofitable institutions (%)��������������������������������������������������������������������
Number of problem institutions��������������������������������������������������������������������������������������
Assets of problem institutions (in billions)���������������������������������������������������������������������
Number of failed institutions������������������������������������������������������������������������������������������
Number of assisted institutions��������������������������������������������������������������������������������������

2011**
0.87
7.75
9.14
2.95
1.82
0.59
3.66
78.81
7,574
6,453
1,121
15.36
888
$397
26
0

2010**
0.53
4.87
8.54
3.44
2.88
-1.40
3.84
352.07
7,934
6,773
1,161
19.31
775
$431
41
0

2010
0.65
5.90
8.89
3.11
2.55
1.78
3.76
1653.91
7,658
6,530
1,128
21.81
884
$390
157
0

2009
-0.07
-0.71
8.60
3.36
2.52
-5.45
3.49
-154.33
8,012
6,840
1,172
30.8
702
$403
140
8

2008
0.03
0.35
7.47
1.91
1.29
6.19
3.16
-90.71
8,305
7,087
1,218
24.89
252
$159
25
5

2007
0.81
7.75
7.97
0.95
0.59
9.88
3.29
-27.59
8,534
7,284
1,250
12.09
76
$22
3
0

2006
1.28
12.30
8.22
0.54
0.39
9.03
3.31
8.52
8,680
7,401
1,279
7.94
50
$8
0
0

* Excludes insured branches of foreign banks (IBAs).
** Through March 31, ratios annualized where appropriate. Asset growth rates are for 12 months ending March 31.

TABLE II-A. Aggregate Condition and Income Data, All FDIC-Insured Institutions
1st Quarter
2011
7,574
2,092,877

4th Quarter
2010
7,658
2,086,582

1st Quarter
2010
7,934
2,027,245

%Change
10Q1-11Q1
-4.5
3.2

$13,414,655
4,158,538
1,833,798
1,064,489
295,511
623,994
1,204,518
1,275,196
663,194
55,025
557,462
1,995
7,248,745
218,158
7,030,587
2,723,194
52,376
394,475
3,214,024

$13,319,971
4,266,518
1,897,610
1,070,659
321,438
636,903
1,186,467
1,317,602
702,058
59,329
547,841
2,441
7,375,316
231,154
7,144,163
2,667,711
52,676
393,750
3,061,671

$13,336,249
4,401,820
1,887,145
1,091,364
418,028
659,712
1,176,799
1,366,177
712,776
55,740
504,892
2,711
7,502,717
263,105
7,239,612
2,531,621
46,306
404,591
3,114,118

0.6
-5.5
-2.8
-2.5
-29.3
-5.4
2.4
-6.7
-7.0
-1.3
10.4
-26.4
-3.4
-17.1
-2.9
7.6
13.1
-2.5
3.2

Total liabilities and capital����������������������������������������������������������������������������������������������
Deposits�������������������������������������������������������������������������������������������������������������������
		
Domestic office deposits���������������������������������������������������������������������������������
		
Foreign office deposits������������������������������������������������������������������������������������
Other borrowed funds���������������������������������������������������������������������������������������������
Subordinated debt���������������������������������������������������������������������������������������������������
All other liabilities����������������������������������������������������������������������������������������������������
Total equity capital (includes minority interests)����������������������������������������������������
		
Bank equity capital�������������������������������������������������������������������������������������������

13,414,655
9,601,757
7,990,506
1,611,252
1,629,745
139,860
514,006
1,529,286
1,510,503

13,319,971
9,422,958
7,873,135
1,549,823
1,718,333
146,833
519,548
1,512,298
1,485,442

13,336,249
9,198,799
7,692,355
1,506,444
2,052,564
150,540
475,259
1,459,088
1,439,423

0.6
4.4
3.9
7.0
-20.6
-7.1
8.2
4.8
4.9

Loans and leases 30-89 days past due�������������������������������������������������������������������������
Noncurrent loans and leases�����������������������������������������������������������������������������������������
Restructured loans and leases��������������������������������������������������������������������������������������
Mortgage-backed securities������������������������������������������������������������������������������������������
Earning assets����������������������������������������������������������������������������������������������������������������
FHLB Advances��������������������������������������������������������������������������������������������������������������
Unused loan commitments���������������������������������������������������������������������������������������������
Trust assets��������������������������������������������������������������������������������������������������������������������
Assets securitized and sold***���������������������������������������������������������������������������������������
Notional amount of derivatives***����������������������������������������������������������������������������������

110,513
341,697
110,107
1,519,194
11,643,457
357,952
5,779,802
19,980,826
976,910
246,083,864

118,390
358,719
87,487
1,484,703
11,555,391
386,504
5,658,421
19,341,650
967,307
232,210,712

144,461
409,871
64,426
1,387,008
11,554,212
480,359
6,102,602
18,115,247
996,881
218,807,591

-23.5
-16.6
70.9
9.5
0.8
-25.5
-5.3
10.3
-2.0
12.5

(dollar figures in millions)
Number of institutions reporting�������������������������������������������������������������������������������������
Total employees (full-time equivalent)���������������������������������������������������������������������������
CONDITION DATA
Total assets���������������������������������������������������������������������������������������������������������������������
Loans secured by real estate����������������������������������������������������������������������������������
		
1-4 family residential mortgages���������������������������������������������������������������������
		
Nonfarm nonresidential�����������������������������������������������������������������������������������
		
Construction and development
		
Home equity lines���������������������������������������������������������������������������������������������
Commercial & industrial loans��������������������������������������������������������������������������������
Loans to individuals�������������������������������������������������������������������������������������������������
		
Credit cards������������������������������������������������������������������������������������������������������
Farm loans���������������������������������������������������������������������������������������������������������������
Other loans & leases�����������������������������������������������������������������������������������������������
Less: Unearned income������������������������������������������������������������������������������������������
Total loans & leases������������������������������������������������������������������������������������������������
Less: Reserve for losses�����������������������������������������������������������������������������������������
Net loans and leases�����������������������������������������������������������������������������������������������
Securities�����������������������������������������������������������������������������������������������������������������
Other real estate owned������������������������������������������������������������������������������������������
Goodwill and other intangibles�������������������������������������������������������������������������������
All other assets��������������������������������������������������������������������������������������������������������

INCOME DATA
Total interest income�������������������������������������������������������������������
Total interest expense�����������������������������������������������������������������
Net interest income��������������������������������������������������������������
Provision for loan and lease losses��������������������������������������������
Total noninterest income�������������������������������������������������������������
Total noninterest expense�����������������������������������������������������������
Securities gains (losses)�������������������������������������������������������������
Applicable income taxes�������������������������������������������������������������
Extraordinary gains, net��������������������������������������������������������������
Total net income (includes minority interests)���������������������
		
Bank net income������������������������������������������������������������
Net charge-offs����������������������������������������������������������������������������
Cash dividends����������������������������������������������������������������������������
Retained earnings�����������������������������������������������������������������������
Net operating income�����������������������������������������������������������

Full Year
2010
$536,917
106,882
430,035
157,579
236,715
392,694
9,116
38,283
-450
86,860
86,206
187,504
53,895
32,311
80,280

Full Year
2009
$541,170
143,509
397,661
249,598
260,635
406,114
-1,629
6,164
-3,787
-8,994
-9,795
188,824
47,189
-56,984
-5,166

*** Call Report filers only.

FDIC Quarterly

%Change
-0.8
-25.5
8.1
-36.9
-9.2
-3.3
N/M
521.1
88.1
N/M
N/M
-0.7
14.2
N/M
N/M

1st Quarter
2011
$129,438
23,238
106,200
20,700
58,623
102,228
-124
12,714
106
29,163
29,003
33,305
15,101
13,902
29,237

1st Quarter
2010
$138,521
29,091
109,429
51,560
60,866
95,339
1,592
7,436
58
17,611
17,418
53,252
4,374
13,044
16,351

%Change
10Q1-11Q1
-6.6
-20.1
-3.0
-59.9
-3.7
7.2
N/M
71.0
83.1
65.6
66.5
-37.5
245.2
6.6
78.8

N/M - Not Meaningful.

5

2011, Volume 5, No. 2

TABLE III-A. First Quarter 2011, All FDIC-Insured Institutions
Asset Concentration Groups*
First Quarter
All Insured
(The way it is...)
Institutions
Number of institutions reporting�����������������������
7,574
Commercial banks�������������������������������������
6,453
Savings institutions�����������������������������������
1,121
Total assets (in billions)������������������������������������
$13,414.7
Commercial banks�������������������������������������
12,157.3
Savings institutions�����������������������������������
1,257.3
Total deposits (in billions)���������������������������������
9,601.8
Commercial banks�������������������������������������
8,674.6
Savings institutions�����������������������������������
927.2
Bank net income (in millions)���������������������������
29,003
Commercial banks�������������������������������������
27,147
Savings institutions�����������������������������������
1,855
Performance Ratios (annualized, %)
Yield on earning assets������������������������������������
Cost of funding earning assets������������������������
Net interest margin������������������������������������
Noninterest income to assets���������������������������
Noninterest expense to assets�������������������������
Loan and lease loss provision to assets����������
Net operating income to assets�����������������������
Pretax return on assets������������������������������������
Return on assets�����������������������������������������������
Return on equity�����������������������������������������������
Net charge-offs to loans and leases����������������
Loan and lease loss provision to
net charge-offs������������������������������������������
Efficiency ratio��������������������������������������������������
% of unprofitable institutions����������������������������
% of institutions with earnings gains����������������

Credit
Card
International Agricultural Commercial
Banks
Banks
Banks
Lenders
21
4
1,531
3,983
17
4
1,527
3,553
4
0
4
430
$676.3
$3,164.6
$200.3
$4,087.1
651.1
3,164.6
199.8
3,619.6
25.2
0.0
0.5
467.4
290.6
2,111.7
167.5
3,155.9
275.0
2,111.7
167.1
2,824.5
15.6
0.0
0.4
331.4
6,364
4,643
524
6,283
5,869
4,643
523
5,494
495
0
1
789

Mortgage Consumer
Lenders
Lenders
700
72
168
55
532
17
$798.9
$118.4
233.4
49.7
565.5
68.7
569.5
96.5
141.6
39.0
427.9
57.5
984
387
848
249
136
138

Other
Specialized
All Other
<$1 Billion
<$1 Billion
355
844
327
750
28
94
$51.9
$137.1
46.4
111.7
5.5
25.3
41.1
114.7
37.1
94.6
4.0
20.1
170
277
113
256
57
21

All Other
>$1 Billion
64
52
12
$4,180.1
4,081.0
99.1
3,054.3
2,984.0
70.3
9,371
9,153
218

4.47
0.80
3.66
1.76
3.06
0.62
0.88
1.25
0.87
7.75
1.82

12.20
1.29
10.92
2.78
4.82
2.01
3.62
5.70
3.68
23.80
6.67

3.25
0.71
2.53
1.98
2.89
0.29
0.72
0.80
0.60
6.79
1.96

4.87
1.06
3.80
0.60
2.62
0.26
1.04
1.23
1.05
9.64
0.30

4.70
0.92
3.78
1.22
3.05
0.69
0.59
0.87
0.62
5.33
1.32

4.21
1.14
3.06
0.79
2.44
0.53
0.46
0.73
0.49
4.80
0.97

5.52
1.16
4.35
1.57
2.68
0.99
1.33
2.05
1.33
12.28
1.77

3.65
0.84
2.81
5.45
6.08
0.19
1.30
1.78
1.33
8.71
0.74

4.74
1.03
3.70
0.87
3.03
0.27
0.79
1.00
0.82
7.30
0.36

3.78
0.55
3.23
2.17
3.02
0.60
0.87
1.30
0.90
7.40
1.40

62.15
60.75
15.36
56.15

35.20
36.55
4.76
90.48

43.81
69.27
0.00
0.00

136.56
63.51
5.62
55.26

78.25
65.69
21.11
58.80

94.54
66.39
15.14
50.71

75.04
46.16
6.94
44.44

87.50
75.34
10.99
46.76

133.20
70.69
9.48
54.27

83.61
60.08
7.81
54.69

86.80

88.86

85.01

91.68

88.79

93.19

94.56

91.28

91.59

83.97

3.01
63.85

7.57
374.40

3.68
66.07

1.63
83.77

2.43
57.85

1.49
33.71

2.39
159.99

1.86
81.44

1.56
68.82

2.68
43.76

2.95
11.26
9.14
13.04
15.54
73.22
52.41
59.57

1.72
16.03
13.39
15.27
17.57
182.87
78.57
39.51

2.02
8.72
7.13
11.90
15.02
48.02
32.05
33.03

1.64
10.96
9.94
14.44
15.61
71.28
59.60
83.62

3.58
11.62
9.87
12.98
14.97
84.45
65.21
76.07

2.92
10.29
9.49
19.94
21.07
78.75
56.13
71.19

1.22
10.81
10.50
14.36
15.53
87.12
71.03
81.35

0.93
15.15
14.01
31.37
32.42
34.92
27.67
78.14

1.76
11.18
10.81
18.35
19.49
64.35
53.85
83.68

3.43
12.22
8.96
12.10
15.09
68.09
49.75
61.75

Structural Changes
New charters���������������������������������������������
Institutions absorbed by mergers�������������
Failed institutions��������������������������������������

1
56
26

0
0
0

0
0
0

0
9
2

1
38
24

0
1
0

0
2
0

0
1
0

0
3
0

0
2
0

PRIOR First quarters
(The way it was...)
Number of institutions������������������������������2010
������������������������������������� 2008
������������������������������������� 2006

7,934
8,494
8,790

21
26
30

4
6
4

1,553
1,550
1,647

4,358
4,752
4,629

745
809
864

75
102
120

303
362
436

813
835
1,001

62
52
59

Total assets (in billions)����������������������������2010
������������������������������������� 2008
������������������������������������� 2006

$13,336.3
13,369.3
11,209.8

$725.0
448.5
370.2

$3,157.3
3,085.6
1,972.3

$181.1
158.0
140.3

$4,498.0
5,271.5
3,844.9

$776.9
1,364.4
1,745.6

$95.0
66.3
98.6

$40.7
38.2
50.0

$126.6
112.5
128.6

$3,735.7
2,824.5
2,859.2

Return on assets (%)��������������������������������2010
������������������������������������� 2008
������������������������������������� 2006

0.53
0.58
1.34

0.70
4.59
4.57

0.75
0.35
1.16

0.95
1.19
1.26

0.16
0.78
1.35

0.78
-0.21
1.05

1.41
1.30
2.19

1.20
2.20
-1.31

0.86
1.01
1.06

0.64
0.13
1.23

Net charge-offs to loans & leases (%)�����2010
������������������������������������� 2008
������������������������������������� 2006

2.88
0.99
0.32

14.26
4.97
2.95

2.75
1.13
0.53

0.45
0.17
0.09

1.89
0.71
0.17

1.20
1.14
0.11

2.69
1.78
0.95

0.54
0.21
0.16

0.44
0.17
0.12

2.29
0.64
0.18

Noncurrent assets plus
OREO to assets (%)��������������������������2010
������������������������������������� 2008
������������������������������������� 2006

3.44
1.15
0.48

2.77
1.62
1.17

2.64
0.70
0.42

1.66
0.99
0.67

4.01
1.43
0.49

3.14
1.97
0.55

1.29
0.73
0.51

0.69
0.28
0.23

1.54
0.74
0.53

3.87
0.70
0.37

Equity capital ratio (%)�����������������������������2010
������������������������������������� 2008
������������������������������������� 2006

10.79
10.18
10.38

13.47
22.85
27.22

8.77
7.57
7.95

11.23
11.22
10.81

10.76
11.36
10.28

9.76
8.09
10.81

10.52
9.01
9.63

16.99
20.28
19.39

11.20
11.32
11.04

12.15
9.61
9.55

Condition Ratios (%)
Earning assets to total assets��������������������������
Loss allowance to:
Loans and leases��������������������������������������
Noncurrent loans and leases��������������������
Noncurrent assets plus
other real estate owned to assets�������������
Equity capital ratio��������������������������������������������
Core capital (leverage) ratio ����������������������������
Tier 1 risk-based capital ratio���������������������������
Total risk-based capital ratio����������������������������
Net loans and leases to deposits���������������������
Net loans to total assets ����������������������������������
Domestic deposits to total assets��������������������

* See Table V-A (page 10) for explanations.

FDIC Quarterly

6

2011, Volume 5, No. 2

Quarterly Banking Profile
TABLE III-A. First Quarter 2011, All FDIC-Insured Institutions
Asset Size Distribution
First quarter
All Insured
(The way it is...)
Institutions
Number of institutions reporting�����������������������������
7,574
Commercial banks�������������������������������������������
6,453
Savings institutions�����������������������������������������
1,121
Total assets (in billions)������������������������������������������
$13,414.7
Commercial banks�������������������������������������������
12,157.3
Savings institutions�����������������������������������������
1,257.3
Total deposits (in billions)���������������������������������������
9,601.8
Commercial banks�������������������������������������������
8,674.6
Savings institutions�����������������������������������������
927.2
Bank net income (in millions)���������������������������������
29,003
Commercial banks�������������������������������������������
27,147
Savings institutions�����������������������������������������
1,855
Performance Ratios (annualized, %)
Yield on earning assets������������������������������������������
Cost of funding earning assets������������������������������
Net interest margin������������������������������������������
Noninterest income to assets���������������������������������
Noninterest expense to assets�������������������������������
Loan and lease loss provision to assets����������������
Net operating income to assets�����������������������������
Pretax return on assets������������������������������������������
Return on assets�����������������������������������������������������
Return on equity�����������������������������������������������������
Net charge-offs to loans and leases����������������������
Loan and lease loss provision to
net charge-offs������������������������������������������������
Efficiency ratio��������������������������������������������������������
% of unprofitable institutions����������������������������������
% of institutions with earnings gains����������������������

Geographic Regions*

Less than
$100
$1 Billion
Greater
$100
Million to
to
than
Million
$1 Billion $10 Billion $10 Billion New York
2,574
4,330
563
107
943
2,277
3,659
431
86
489
297
671
132
21
454
$147.2
$1,284.3
$1,429.1 $10,554.1
$2,709.2
130.4
1,050.6
1,094.0
9,882.4
2,039.4
16.8
233.8
335.1
671.7
669.8
124.9
1,067.7
1,103.5
7,305.7
1,853.0
111.5
881.7
846.1
6,835.2
1,370.8
13.4
186.0
257.3
470.5
482.2
212
1,775
2,617
24,399
6,989
205
1,531
2,144
23,267
6,671
7
244
472
1,132
319

Atlanta
1,009
892
117
$2,912.9
2,791.1
121.9
2,153.9
2,062.5
91.4
4,497
4,374
123

Chicago
1,581
1,302
279
$3,048.2
2,924.4
123.8
2,114.4
2,020.5
93.9
5,108
5,059
48

Kansas
City
1,811
1,713
98
$1,680.3
1,625.7
54.6
1,251.1
1,208.0
43.1
5,073
4,986
87

San
Dallas
Francisco
1,580
650
1,465
592
115
58
$788.5
$2,275.6
695.2
2,081.6
93.3
193.9
638.6
1,590.8
562.2
1,450.6
76.4
140.2
1,823
5,512
1,606
4,451
217
1,061

4.47
0.80
3.66
1.76
3.06
0.62
0.88
1.25
0.87
7.75
1.82

4.89
1.06
3.83
1.10
3.62
0.29
0.56
0.69
0.58
4.98
0.41

4.88
1.13
3.75
0.94
3.18
0.50
0.53
0.73
0.56
5.40
0.75

4.82
1.02
3.80
1.20
2.92
0.68
0.71
1.06
0.73
6.46
1.32

4.35
0.72
3.63
1.94
3.06
0.63
0.94
1.35
0.93
8.22
2.09

5.00
0.94
4.05
1.68
3.12
0.56
1.01
1.58
1.04
8.18
2.29

4.26
0.71
3.55
1.70
3.06
0.86
0.56
0.85
0.62
5.25
1.81

3.60
0.72
2.88
1.92
3.02
0.47
0.68
0.94
0.68
7.91
1.41

5.36
0.68
4.68
2.03
3.47
0.84
1.23
1.77
1.20
10.51
2.01

4.68
0.82
3.86
1.29
3.14
0.42
0.92
1.23
0.93
8.68
0.82

4.48
0.93
3.55
1.66
2.72
0.48
1.11
1.39
0.97
7.94
1.98

62.15
60.75
15.36
56.15

121.63
78.69
17.87
53.03

102.22
72.27
14.32
56.17

81.67
62.01
12.97
67.50

57.77
59.15
9.35
71.03

44.11
58.05
13.36
56.73

84.61
64.34
30.62
51.64

71.68
67.39
14.10
56.29

61.99
54.33
10.93
56.16

80.84
65.17
10.06
54.87

48.35
56.20
22.77
65.08

86.80

91.16

91.51

90.54

85.66

87.49

84.12

87.03

87.16

90.13

87.67

3.01
63.85

1.77
67.37

1.92
54.20

2.24
52.20

3.32
66.50

3.03
88.58

3.03
49.58

3.09
59.45

3.39
64.53

2.17
60.48

2.85
75.84

2.95
11.26
9.14
13.04
15.54
73.22
52.41
59.57

2.39
11.62
11.24
17.91
19.04
67.51
57.31
84.88

3.37
10.32
9.85
14.54
15.76
75.72
62.95
83.06

3.47
11.47
10.12
14.97
16.27
79.56
61.43
76.72

2.84
11.34
8.89
12.55
15.37
72.00
49.84
54.03

2.05
12.74
10.21
14.99
17.05
77.48
52.99
60.09

3.97
11.86
8.59
11.74
14.78
73.85
54.61
65.29

2.74
8.53
7.22
10.85
14.03
63.66
44.16
53.63

4.05
11.59
9.44
11.79
14.22
85.83
63.91
68.89

3.00
10.75
9.76
14.09
15.80
75.41
61.08
80.52

2.19
12.33
10.69
16.14
17.82
69.33
48.47
45.42

Structural Changes
New charters���������������������������������������������������
Institutions absorbed by mergers�������������������
Failed institutions��������������������������������������������

1
56
26

0
19
5

1
31
19

0
6
2

0
0
0

0
4
0

1
2
10

0
15
7

0
16
0

0
16
5

0
3
4

PRIOR First quarters
(The way it was…)
Number of institutions������������������������������������2010
������������������������������������������� 2008
������������������������������������������� 2006

7,934
8,494
8,790

2,779
3,347
3,826

4,475
4,481
4,334

575
549
511

105
117
119

977
1,036
1,106

1,103
1,223
1,225

1,637
1,752
1,863

1,868
1,968
2,055

1,654
1,730
1,783

695
785
758

Total assets (in billions)����������������������������������2010
������������������������������������������� 2008
������������������������������������������� 2006

$13,336.3
13,369.3
11,209.8

$155.4
178.0
199.0

$1,339.9
1,334.3
1,259.4

$1,478.1
1,438.1
1,395.6

$10,362.8
10,419.0
8,355.8

$2,671.8
2,478.8
2,866.2

$2,989.0
3,423.5
2,759.4

$2,978.4
2,963.1
2,604.0

$1,664.4
1,000.0
819.6

$786.4
748.7
620.6

$2,246.3
2,755.2
1,539.9

Return on assets (%)��������������������������������������2010
������������������������������������������� 2008
������������������������������������������� 2006

0.53
0.58
1.34

0.46
0.73
0.95

0.38
0.79
1.11

0.19
0.76
1.30

0.60
0.53
1.39

0.56
1.04
1.29

0.27
0.32
1.33

0.48
0.75
1.10

0.65
1.39
1.59

0.72
0.94
1.31

0.73
-0.05
1.71

Net charge-offs to loans & leases (%)�����������2010
������������������������������������������� 2008
������������������������������������������� 2006

2.88
0.99
0.32

0.65
0.20
0.12

0.88
0.30
0.12

1.77
0.70
0.18

3.46
1.16
0.39

4.10
1.15
0.47

2.73
0.76
0.16

2.35
0.84
0.23

3.27
1.13
0.35

1.23
0.45
0.16

2.59
1.38
0.52

Noncurrent assets plus
OREO to assets (%)��������������������������������2010
������������������������������������������� 2008
������������������������������������������� 2006

3.44
1.15
0.48

2.31
1.09
0.69

3.38
1.33
0.52

3.69
1.44
0.44

3.43
1.09
0.48

2.46
0.86
0.40

4.18
1.08
0.31

3.23
1.09
0.53

4.79
1.52
0.84

3.18
1.22
0.68

3.02
1.42
0.60

Equity capital ratio (%)�����������������������������������2010
������������������������������������������� 2008
������������������������������������������� 2006

10.79
10.18
10.38

11.96
13.78
12.29

10.04
10.52
10.28

10.87
11.13
10.78

10.86
9.94
10.28

11.92
12.09
11.15

11.29
10.20
9.77

8.55
9.06
9.02

11.51
9.73
10.48

10.40
9.88
10.19

11.37
9.88
12.36

Condition Ratios (%)
Earning assets to total assets���������������������������������
Loss allowance to:
Loans and leases���������������������������������������������
Noncurrent loans and leases���������������������������
Noncurrent assets plus
other real estate owned to assets��������������������
Equity capital ratio���������������������������������������������������
Core capital (leverage) ratio �����������������������������������
Tier 1 risk-based capital ratio����������������������������������
Total risk-based capital ratio�����������������������������������
Net loans and leases to deposits����������������������������
Net loans to total assets �����������������������������������������
Domestic deposits to total assets���������������������������

* See Table V-A (page 11) for explanations.

FDIC Quarterly

7

2011, Volume 5, No. 2

TABLE IV-A. Full Year 2010, All FDIC-Insured Institutions
Asset Concentration Groups*
Full Year
All Insured
(The way it is...)
Institutions
Number of institutions reporting�����������������������
7,658
Commercial banks�������������������������������������
6,530
Savings institutions�����������������������������������
1,128
Total assets (in billions)������������������������������������
$13,320.0
Commercial banks�������������������������������������
12,066.4
Savings institutions�����������������������������������
1,253.6
Total deposits (in billions)���������������������������������
9,423.0
Commercial banks�������������������������������������
8,514.4
Savings institutions�����������������������������������
908.6
Bank net income (in millions)���������������������������
86,206
Commercial banks�������������������������������������
77,948
Savings institutions�����������������������������������
8,258
Performance Ratios (annualized, %)
Yield on earning assets������������������������������������
Cost of funding earning assets������������������������
Net interest margin������������������������������������
Noninterest income to assets���������������������������
Noninterest expense to assets�������������������������
Loan and lease loss provision to assets����������
Net operating income to assets�����������������������
Pretax return on assets������������������������������������
Return on assets�����������������������������������������������
Return on equity�����������������������������������������������
Net charge-offs to loans and leases����������������
Loan and lease loss provision to
net charge-offs������������������������������������������
Efficiency ratio��������������������������������������������������
% of unprofitable institutions����������������������������
% of institutions with earnings gains����������������

Credit
Card
International Agricultural Commercial
Banks
Banks
Banks
Lenders
22
4
1,559
4,085
18
4
1,555
3,640
4
0
4
445
$705.4
$3,038.1
$199.8
$4,097.6
678.1
3,038.1
199.3
3,631.3
27.4
0.0
0.5
466.3
297.2
2,009.5
165.9
3,147.7
281.4
2,009.5
165.5
2,822.3
15.8
0.0
0.4
325.4
12,056
21,828
1,901
8,837
10,914
21,828
1,898
6,451
1,141
0
3
2,386

Mortgage Consumer
Lenders
Lenders
718
73
182
59
536
14
$789.0
$114.4
235.3
49.7
553.7
64.7
544.0
91.1
132.2
38.2
411.8
52.9
5,317
1,433
2,701
922
2,616
511

Other
Specialized
All Other
<$1 Billion
<$1 Billion
314
815
286
732
28
83
$42.9
$132.4
37.3
109.4
5.6
23.0
33.5
110.4
29.4
91.9
4.1
18.5
624
911
365
975
260
-64

All Other
>$1 Billion
68
54
14
$4,200.3
4,087.8
112.5
3,023.7
2,943.9
79.8
33,300
31,893
1,406

4.70
0.94
3.76
1.79
2.97
1.19
0.61
0.94
0.65
5.90
2.55

13.57
1.48
12.09
2.99
4.63
6.32
1.77
2.74
1.82
11.83
10.83

3.42
0.71
2.71
2.00
2.82
0.62
0.64
0.95
0.72
8.08
2.29

5.22
1.30
3.93
0.65
2.68
0.46
0.96
1.12
0.98
8.84
0.59

4.89
1.13
3.76
1.27
3.05
1.25
0.16
0.37
0.22
1.92
1.90

4.36
1.34
3.02
0.76
1.78
0.75
0.67
1.08
0.68
6.95
1.14

5.80
1.37
4.43
1.88
2.78
1.29
1.28
2.01
1.28
11.96
2.36

3.79
0.98
2.81
6.68
7.26
0.22
1.29
1.95
1.48
9.15
0.64

4.98
1.24
3.74
1.03
3.27
0.38
0.67
0.83
0.70
6.23
0.56

3.96
0.67
3.28
2.18
2.92
0.89
0.79
1.14
0.80
6.70
1.87

84.04
57.22
21.81
66.51

69.06
31.86
9.09
100.00

75.96
65.15
0.00
75.00

122.88
62.64
7.06
65.75

96.27
64.44
31.63
66.88

110.05
49.15
16.43
72.42

72.49
44.96
5.48
83.56

124.09
77.38
14.33
50.64

120.39
70.17
11.53
63.80

91.47
57.24
7.35
75.00

86.75

Condition Ratios (%)
Earning assets to total assets��������������������������
Loss allowance to:
Loans and leases��������������������������������������
Noncurrent loans and leases��������������������
Noncurrent assets plus
other real estate owned to assets�������������
Equity capital ratio��������������������������������������������
Core capital (leverage) ratio ����������������������������
Tier 1 risk-based capital ratio���������������������������
Total risk-based capital ratio����������������������������
Net loans and leases to deposits���������������������
Net loans to total assets ����������������������������������
Domestic deposits to total assets��������������������

88.75

84.36

91.62

88.77

93.53

96.20

90.96

91.74

84.22

3.13
64.44

8.19
372.36

3.96
62.79

1.57
84.98

2.47
57.35

1.45
34.16

2.50
173.56

1.85
87.85

1.51
69.00

2.70
43.74

3.11
11.15
8.89
12.71
15.28
75.82
53.63
59.11

1.90
14.96
12.76
14.24
16.91
188.43
79.39
37.91

2.38
8.93
6.96
11.87
15.03
50.17
33.18
33.27

1.62
10.86
9.92
13.97
15.13
74.85
62.15
83.03

3.71
11.42
9.60
12.59
14.59
86.24
66.25
75.40

2.89
10.06
9.38
19.19
20.25
84.64
58.35
68.85

1.22
11.00
10.50
14.12
15.29
92.76
73.88
79.53

0.81
16.32
14.65
34.59
35.63
33.80
26.36
76.67

1.69
11.02
10.56
17.73
18.88
65.77
54.84
83.39

3.48
12.04
8.69
11.81
14.95
69.73
50.20
60.99

Structural Changes
New charters���������������������������������������������
Institutions absorbed by mergers�������������
Failed institutions��������������������������������������

11
197
157

0
0
0

0
0
0

0
35
3

6
119
143

1
28
6

0
0
1

2
0
1

0
6
2

2
9
1

PRIOR Full Years
(The way it was...)
Number of institutions����������������������������� 2009
������������������������������������� 2007
������������������������������������� 2005

8,012
8,534
8,833

23
27
33

4
5
4

1,568
1,592
1,685

4,453
4,773
4,617

766
784
886

83
109
125

289
373
425

770
815
995

56
56
63

Total assets (in billions)��������������������������� 2009
������������������������������������� 2007
������������������������������������� 2005

$13,087.0
13,033.9
10,879.3

$501.6
479.2
359.1

$3,107.1
2,784.3
1,851.2

$182.0
157.5
142.3

$4,546.9
4,619.0
4,257.3

$810.1
1,328.1
1,647.2

$96.5
94.9
117.3

$38.0
37.8
47.7

$116.1
110.4
128.7

$3,688.7
3,422.7
2,328.5

Return on assets (%)������������������������������� 2009
������������������������������������� 2007
������������������������������������� 2005

-0.07
0.81
1.28

-4.51
3.35
2.90

0.08
0.58
0.86

0.81
1.20
1.27

-0.42
0.83
1.36

0.65
0.03
1.07

0.33
1.26
1.55

0.74
2.56
2.18

0.80
1.03
1.09

0.53
0.88
1.34

Net charge-offs to loans & leases (%)���� 2009
������������������������������������� 2007
������������������������������������� 2005

2.52
0.59
0.49

9.77
3.95
4.64

3.07
0.77
0.87

0.65
0.22
0.18

2.02
0.35
0.23

1.24
0.40
0.12

2.74
0.87
1.44

0.78
0.29
0.26

0.54
0.22
0.23

2.19
0.39
0.24

Noncurrent assets plus
OREO to assets (%)������������������������� 2009
������������������������������������� 2007
������������������������������������� 2005

3.36
0.95
0.50

2.40
1.54
1.32

2.75
0.68
0.46

1.55
0.83
0.61

3.87
1.10
0.48

3.17
1.52
0.56

1.45
1.64
0.51

0.69
0.23
0.24

1.34
0.65
0.54

3.66
0.68
0.39

Equity capital ratio (%)���������������������������� 2009
������������������������������������� 2007
������������������������������������� 2005

10.88
10.34
10.28

21.49
21.26
21.51

8.75
8.01
8.30

10.95
11.17
10.55

10.48
11.00
10.83

9.48
8.38
9.40

11.15
12.62
10.11

17.74
19.98
19.47

11.27
11.46
10.83

11.95
10.32
9.52

* See Table V-A (page 10) for explanations.

FDIC Quarterly

8

2011, Volume 5, No. 2

Quarterly Banking Profile
TABLE IV-A. Full Year 2010, All FDIC-Insured Institutions
Asset Size Distribution
Full Year
All Insured
(The way it is...)
Institutions
Number of institutions reporting�����������������������������
7,658
Commercial banks�������������������������������������������
6,530
Savings institutions�����������������������������������������
1,128
Total assets (in billions)������������������������������������������
$13,320.0
Commercial banks�������������������������������������������
12,066.4
Savings institutions�����������������������������������������
1,253.6
Total deposits (in billions)���������������������������������������
9,423.0
Commercial banks�������������������������������������������
8,514.4
Savings institutions�����������������������������������������
908.6
Bank net income (in millions)���������������������������������
86,206
Commercial banks�������������������������������������������
77,948
Savings institutions�����������������������������������������
8,258
Performance Ratios (annualized, %)
Yield on earning assets������������������������������������������
Cost of funding earning assets������������������������������
Net interest margin������������������������������������������
Noninterest income to assets���������������������������������
Noninterest expense to assets�������������������������������
Loan and lease loss provision to assets����������������
Net operating income to assets�����������������������������
Pretax return on assets������������������������������������������
Return on assets�����������������������������������������������������
Return on equity�����������������������������������������������������
Net charge-offs to loans and leases����������������������
Loan and lease loss provision to
net charge-offs������������������������������������������������
Efficiency ratio��������������������������������������������������������
% of unprofitable institutions����������������������������������
% of institutions with earnings gains����������������������

Geographic Regions*

Less than
$100
$1 Billion
Greater
$100
Million to
to
than
Million
$1 Billion $10 Billion $10 Billion New York
2,625
4,367
559
107
949
2,328
3,693
423
86
492
297
674
136
21
457
$148.6
$1,292.0
$1,430.2 $10,449.1
$2,694.9
132.2
1,059.0
1,089.0
9,786.2
2,027.0
16.5
233.0
341.3
662.9
667.9
125.4
1,069.5
1,101.5
7,126.6
1,809.1
112.3
884.8
841.0
6,676.3
1,338.0
13.1
184.7
260.5
450.3
471.1
421
3,585
3,057
79,144
20,201
418
2,943
1,711
72,877
16,108
3
642
1,346
6,267
4,094

Atlanta
1,022
905
117
$2,930.1
2,806.8
123.3
2,128.2
2,036.0
92.2
10,469
10,453
16

Chicago
1,602
1,321
281
$2,950.2
2,825.0
125.2
2,033.9
1,939.9
94.0
17,671
17,865
-194

Kansas
City
1,825
1,728
97
$1,686.6
1,635.8
50.8
1,245.4
1,206.2
39.2
14,141
13,922
220

San
Dallas
Francisco
1,601
659
1,484
600
117
59
$789.3
$2,268.8
694.8
2,076.9
94.5
191.8
637.6
1,568.7
561.4
1,432.8
76.2
135.9
5,414
18,310
4,598
15,003
816
3,307

4.70
0.94
3.76
1.79
2.97
1.19
0.61
0.94
0.65
5.90
2.55

5.18
1.30
3.88
1.28
3.91
0.56
0.25
0.39
0.29
2.39
0.79

5.17
1.38
3.78
0.97
3.22
0.86
0.22
0.42
0.28
2.74
1.11

4.90
1.24
3.65
1.27
2.95
1.18
0.19
0.48
0.21
1.94
1.80

4.60
0.83
3.77
1.97
2.93
1.24
0.72
1.08
0.76
6.85
2.93

5.40
1.12
4.28
1.67
2.86
1.43
0.74
1.13
0.76
6.15
3.57

4.39
0.88
3.51
1.65
2.91
1.24
0.28
0.55
0.36
3.11
2.42

3.80
0.79
3.01
2.01
3.03
0.88
0.51
0.82
0.60
6.83
2.02

5.77
0.82
4.95
2.27
3.51
1.77
0.87
1.27
0.85
7.38
2.88

4.90
1.00
3.90
1.39
3.18
0.86
0.65
0.91
0.69
6.55
1.27

4.55
1.03
3.52
1.61
2.62
0.94
0.78
1.16
0.81
6.98
2.29

84.04
57.22
21.81
66.51

115.56
80.51
22.74
62.32

115.74
71.60
21.39
68.31

101.85
62.06
22.54
69.95

80.20
54.81
12.15
77.57

71.63
51.14
15.81
75.45

90.64
61.17
43.64
62.23

90.41
64.66
20.35
67.23

90.09
50.73
14.79
65.97

103.56
64.16
14.74
61.77

79.61
55.03
36.72
71.47

86.75

Condition Ratios (%)
Earning assets to total assets���������������������������������
Loss allowance to:
Loans and leases���������������������������������������������
Noncurrent loans and leases���������������������������
Noncurrent assets plus
other real estate owned to assets��������������������
Equity capital ratio���������������������������������������������������
Core capital (leverage) ratio �����������������������������������
Tier 1 risk-based capital ratio����������������������������������
Total risk-based capital ratio�����������������������������������
Net loans and leases to deposits����������������������������
Net loans to total assets �����������������������������������������
Domestic deposits to total assets���������������������������

91.15

91.61

90.65

85.56

87.34

84.50

86.50

87.47

90.36

87.50

3.13
64.44

1.71
65.51

1.90
53.38

2.27
51.79

3.49
67.36

3.30
93.90

3.07
50.74

3.16
57.74

3.47
64.66

2.19
59.20

3.06
72.97

3.11
11.15
8.89
12.71
15.28
75.82
53.63
59.11

2.38
11.71
11.28
17.72
18.84
70.08
59.11
84.36

3.43
10.17
9.65
14.10
15.32
78.01
64.58
82.70

3.56
11.21
9.83
14.45
15.78
80.60
62.07
76.46

3.02
11.26
8.63
12.23
15.16
74.85
51.05
53.46

2.14
12.58
9.88
14.41
16.69
80.42
53.99
59.40

3.93
11.61
8.28
11.50
14.66
75.40
54.77
63.91

2.98
8.71
7.16
10.70
13.90
66.83
46.07
54.43

4.24
11.33
9.13
11.29
13.76
89.14
65.82
67.96

3.14
10.56
9.49
13.62
15.33
77.65
62.73
80.30

2.51
12.11
10.35
15.88
17.55
71.39
49.36
44.69

Structural Changes
New charters���������������������������������������������������
Institutions absorbed by mergers�������������������
Failed institutions��������������������������������������������

11
197
157

2
69
36

2
108
102

6
18
18

1
2
1

2
22
14

3
44
56

1
17
25

2
43
18

2
52
7

1
19
37

PRIOR Full Years
(The way it was…)
Number of institutions����������������������������������� 2009
��������������������������������������������2007
��������������������������������������������2005

8,012
8,534
8,833

2,848
3,440
3,864

4,492
4,424
4,339

565
551
512

107
119
118

986
1,043
1,110

1,121
1,221
1,227

1,647
1,763
1,874

1,879
1,986
2,070

1,660
1,742
1,791

719
779
761

Total assets (in billions)��������������������������������� 2009
��������������������������������������������2007
��������������������������������������������2005

$13,087.0
13,033.9
10,879.3

$158.9
181.9
200.8

$1,354.4
1,308.8
1,247.6

$1,461.6
1,422.0
1,394.3

$10,112.1
10,121.2
8,036.7

$2,567.3
2,441.0
2,769.2

$3,427.3
3,329.6
2,683.9

$2,934.4
2,842.5
2,505.8

$1,145.6
976.3
803.7

$784.9
738.3
607.7

$2,227.5
2,706.3
1,508.9

Return on assets (%)������������������������������������� 2009
��������������������������������������������2007
��������������������������������������������2005

-0.07
0.81
1.28

-0.05
0.74
0.99

-0.10
0.97
1.24

-0.36
0.96
1.28

-0.03
0.77
1.29

-0.83
0.77
1.21

0.01
0.81
1.36

0.18
0.86
0.99

0.76
1.46
1.62

0.35
1.00
1.19

-0.25
0.52
1.60

Net charge-offs to loans & leases (%)���������� 2009
��������������������������������������������2007
��������������������������������������������2005

2.52
0.59
0.49

0.88
0.24
0.20

1.25
0.25
0.19

1.90
0.42
0.24

2.87
0.68
0.60

2.76
0.90
0.80

2.29
0.33
0.23

2.36
0.47
0.33

2.40
0.78
0.56

1.34
0.30
0.24

3.44
0.77
0.70

Noncurrent assets plus
OREO to assets (%)������������������������������� 2009
��������������������������������������������2007
��������������������������������������������2005

3.36
0.95
0.50

2.24
0.96
0.69

3.29
1.07
0.52

3.58
1.09
0.44

3.36
0.92
0.50

2.33
0.81
0.44

4.16
0.81
0.30

3.20
0.94
0.54

4.28
1.37
0.86

3.04
1.00
0.73

3.19
1.12
0.59

Equity capital ratio (%)���������������������������������� 2009
��������������������������������������������2007
��������������������������������������������2005

10.88
10.34
10.28

11.96
13.73
12.16

9.86
10.49
10.20

10.73
11.34
10.66

11.02
10.12
10.18

12.53
12.06
10.53

11.66
10.30
9.80

8.59
9.23
9.23

10.70
9.74
10.45

10.30
10.22
10.17

11.11
10.24
12.40

* See Table V-A (page 11) for explanations.

FDIC Quarterly

9

2011, Volume 5, No. 2

TABLE V-A. Loan Performance, All FDIC-Insured Institutions
Asset Concentration Groups*
March 31, 2011

All Insured
Institutions

Credit
Card
Banks

International Agricultural Commercial Mortgage
Banks
Banks
Lenders
Lenders

Consumer
Lenders

Other
All Other All Other
Specialized
<$1
>$1
<$1 Billion
Billion
Billion

Percent of Loans 30-89 Days Past Due
All loans secured by real estate���������������������������������������
Construction and development���������������������������������
Nonfarm nonresidential���������������������������������������������
Multifamily residential real estate�����������������������������
Home equity loans����������������������������������������������������
Other 1-4 family residential���������������������������������������
Commercial and industrial loans�������������������������������������
Loans to individuals����������������������������������������������������������
Credit card loans�������������������������������������������������������
Other loans to individuals�����������������������������������������
All other loans and leases (including farm)���������������������
Total loans and leases������������������������������������������������������

1.88
2.23
1.14
1.02
1.12
2.67
0.65
1.72
1.77
1.66
0.40
1.52

1.51
0.00
0.00
0.00
1.29
1.94
2.09
1.79
1.75
2.74
0.01
1.75

2.46
2.62
0.78
0.45
1.63
3.64
0.47
2.01
2.49
1.75
0.28
1.59

1.29
2.11
1.13
0.75
0.56
1.72
1.33
1.57
1.05
1.58
0.83
1.21

1.51
2.23
1.18
1.12
0.86
2.02
0.75
1.48
1.12
1.53
0.52
1.31

1.57
2.25
1.26
1.06
0.69
1.69
0.87
0.87
1.50
0.82
0.61
1.52

1.11
2.37
0.51
0.05
0.98
1.33
0.84
1.42
0.89
1.64
0.88
1.31

1.55
1.20
1.33
0.31
0.80
1.98
1.24
1.88
1.86
1.89
0.46
1.49

1.79
2.22
1.43
0.88
0.96
2.07
1.43
1.83
0.97
1.85
0.65
1.69

2.39
2.19
1.03
1.34
1.17
3.48
0.47
1.68
1.75
1.66
0.42
1.73

Percent of Loans Noncurrent**
All real estate loans����������������������������������������������������������
Construction and development..................................
Nonfarm nonresidential���������������������������������������������
Multifamily residential real estate�����������������������������
Home equity loans����������������������������������������������������
Other 1-4 family residential���������������������������������������
Commercial and industrial loans�������������������������������������
Loans to individuals����������������������������������������������������������
Credit card loans�������������������������������������������������������
Other loans to individuals�����������������������������������������
All other loans and leases (including farm)���������������������
Total loans and leases������������������������������������������������������

7.01
15.99
4.29
3.62
1.79
9.60
1.90
1.65
2.05
1.21
1.00
4.71

5.94
0.00
0.00
0.00
4.69
7.77
2.19
2.08
2.03
3.11
0.02
2.02

9.85
13.97
5.73
2.87
2.40
16.18
2.35
1.89
2.22
1.72
1.38
5.57

2.48
10.15
3.16
4.10
1.08
1.69
2.11
0.69
0.74
0.69
0.67
1.95

5.36
16.13
4.05
3.68
1.39
5.12
2.03
1.23
1.95
1.13
1.11
4.20

4.64
12.19
3.97
2.80
1.11
4.96
2.24
0.49
1.44
0.41
0.33
4.42

1.50
3.98
2.71
3.96
0.97
1.52
0.61
1.54
1.02
1.75
0.44
1.48

2.77
9.28
2.65
0.90
0.73
2.10
1.62
0.79
1.21
0.75
0.92
2.29

2.58
7.96
2.69
2.85
0.83
2.10
2.12
0.81
0.70
0.81
0.70
2.26

9.83
17.07
5.21
4.51
1.96
14.26
1.46
1.14
2.35
0.85
0.71
6.13

Percent of Loans Charged-off (net, YTD)
All real estate loans����������������������������������������������������������
Construction and development���������������������������������
Nonfarm nonresidential���������������������������������������������
Multifamily residential real estate�����������������������������
Home equity loans����������������������������������������������������
Other 1-4 family residential���������������������������������������
Commercial and industrial loans�������������������������������������
Loans to individuals����������������������������������������������������������
Credit card loans�������������������������������������������������������
Other loans to individuals�����������������������������������������
All other loans and leases (including farm)���������������������
Total loans and leases������������������������������������������������������

1.45
3.65
0.87
0.79
2.21
1.32
1.14
4.30
6.69
1.34
0.44
1.82

6.09
0.00
0.00
0.00
2.62
9.13
8.17
6.81
6.75
8.14
0.01
6.67

2.12
0.98
1.63
1.33
2.65
2.46
1.40
3.77
5.52
2.37
0.69
1.96

0.31
1.33
0.40
0.65
1.02
0.28
0.61
0.45
1.41
0.34
0.00
0.30

1.40
4.26
0.96
0.82
1.46
1.09
1.12
1.60
5.43
0.82
0.46
1.31

0.93
3.16
0.42
0.35
1.47
0.89
1.91
1.50
3.16
1.23
0.30
0.97

1.37
0.87
0.80
-6.31
2.38
0.84
4.25
1.73
4.05
0.59
4.54
1.76

0.45
1.35
0.32
0.06
0.46
0.44
1.52
0.60
3.44
0.27
2.87
0.74

0.29
1.09
0.25
0.40
0.36
0.23
0.71
0.57
1.21
0.45
0.40
0.36

1.58
2.57
0.60
0.35
2.71
1.41
0.48
2.68
8.68
0.95
0.26
1.40

Loans Outstanding (in billions)
All real estate loans����������������������������������������������������������
Construction and development���������������������������������
Nonfarm nonresidential���������������������������������������������
Multifamily residential real estate�����������������������������
Home equity loans����������������������������������������������������
Other 1-4 family residential���������������������������������������
Commercial and industrial loans�������������������������������������
Loans to individuals����������������������������������������������������������
Credit card loans�������������������������������������������������������
Other loans to individuals�����������������������������������������
All other loans and leases (including farm)���������������������
Total loans and leases (plus unearned income)��������������

$4,158.5
295.5
1,064.5
214.4
624.0
1,833.8
1,204.5
1,275.2
663.2
612.0
612.5
7,250.7

$0.1
0.0
0.0
0.0
0.0
0.0
29.1
527.6
505.1
22.5
18.1
574.9

$488.4
6.9
28.6
37.6
113.2
249.6
200.9
159.3
55.6
103.7
204.7
1,053.3

$73.2
4.1
21.4
1.7
1.5
19.0
15.8
5.9
0.1
5.8
26.5
121.4

$1,859.1
198.9
744.4
128.8
199.7
554.1
538.4
201.0
25.5
175.5
133.8
2,732.3

$425.7
7.8
30.9
9.7
35.7
340.5
12.2
14.7
1.1
13.6
2.7
455.3

$23.0
0.6
2.1
0.4
10.0
9.8
4.1
59.4
17.4
42.0
0.3
86.7

$10.3
0.8
3.5
0.3
0.4
4.8
1.9
1.7
0.1
1.6
0.8
14.6

$56.3 $1,222.6
3.4
73.0
14.4
219.2
1.3
34.5
2.3
261.0
31.0
625.1
7.1
395.0
6.9
298.7
0.1
58.0
6.7
240.7
4.7
220.9
75.0
2,137.2

Memo: Other Real Estate Owned (in millions)
All other real estate owned�����������������������������������������������
Construction and development���������������������������������
Nonfarm nonresidential���������������������������������������������
Multifamily residential real estate�����������������������������
1-4 family residential�������������������������������������������������
Farmland��������������������������������������������������������������������
GNMA properties������������������������������������������������������

52,376.0
17,957.5
10,719.4
2,476.7
13,279.5
423.2
7,316.1

-5.0
0.0
0.0
0.0
0.2
0.0
0.0

4,664.1
4.0
162.0
746.0
1,201.1
0.0
2,359.0

881.5
327.4
290.4
33.4
171.9
57.9
0.6

31,219.2
14,833.7
8,106.8
1,108.1
6,191.5
328.5
632.0

3,141.3
450.7
239.4
51.4
1,741.5
3.8
656.5

102.7
22.0
19.1
20.6
39.5
1.5
0.0

140.8
54.5
41.7
3.9
38.0
2.7
0.0

697.2 11,534.2
195.4 2,070.0
193.2 1,666.8
32.4
480.9
227.9 3,667.9
16.1
12.6
32.1 3,636.0

* Asset Concentration Group Definitions (Groups are hierarchical and mutually exclusive):
Credit-card Lenders - Institutions whose credit-card loans plus securitized receivables exceed 50 percent of total assets plus securitized receivables.
International Banks - Banks with assets greater than $10 billion and more than 25 percent of total assets in foreign offices.
Agricultural Banks - Banks whose agricultural production loans plus real estate loans secured by farmland exceed 25 percent of the total loans and leases.
Commercial Lenders - Institutions whose commercial and industrial loans, plus real estate construction and development loans, plus loans secured by commercial real estate properties
exceed 25 percent of total assets.
Mortgage Lenders - Institutions whose residential mortgage loans, plus mortgage-backed securities, exceed 50 percent of total assets.
Consumer Lenders - Institutions whose residential mortgage loans, plus credit-card loans, plus other loans to individuals, exceed 50 percent of total assets.
Other Specialized < $1 Billion - Institutions with assets less than $1 billion, whose loans and leases are less than 40 percent of total assets.
All Other < $1 billion - Institutions with assets less than $1 billion that do not meet any of the definitions above, they have significant lending activity with no identified asset concentrations.
All Other > $1 billion - Institutions with assets greater than $1 billion that do not meet any of the definitions above, they have significant lending activity with no identified asset
concentrations.
** Noncurrent loan rates represent the percentage of loans in each category that are past due 90 days or more or that are in nonaccrual status.

FDIC Quarterly

10

2011, Volume 5, No. 2

Quarterly Banking Profile
TABLE V-A. Loan Performance, All FDIC-Insured Institutions
Asset Size Distribution
March 31, 2011

Geographic Regions*

Less than
$100
$1 Billion Greater
All Insured
$100
Million to
to
than
Institutions
Million
$1 Billion $10 Billion $10 Billion New York

Atlanta

Chicago

Kansas
City

Dallas

San
Francisco

Percent of Loans 30-89 Days Past Due
All loans secured by real estate������������������������������
Construction and development������������������������
Nonfarm nonresidential������������������������������������
Multifamily residential real estate��������������������
Home equity loans�������������������������������������������
Other 1-4 family residential������������������������������
Commercial and industrial loans����������������������������
Loans to individuals�������������������������������������������������
Credit card loans����������������������������������������������
Other loans to individuals��������������������������������
All other loans and leases (including farm)������������
Total loans and leases���������������������������������������������

1.88
2.23
1.14
1.02
1.12
2.67
0.65
1.72
1.77
1.66
0.40
1.52

1.87
2.31
1.77
1.22
0.97
2.24
1.75
1.97
1.17
1.98
0.88
1.76

1.62
2.48
1.43
1.21
0.88
1.84
1.31
1.55
2.00
1.52
0.66
1.53

1.32
2.12
1.08
1.14
0.78
1.57
0.93
1.73
1.80
1.70
0.47
1.27

2.08
2.17
1.01
0.94
1.17
2.99
0.53
1.72
1.76
1.66
0.37
1.56

1.52
2.81
1.29
0.97
0.69
1.78
0.89
1.72
1.61
2.09
0.33
1.42

2.09
1.79
1.21
1.40
1.37
2.90
0.57
1.87
1.84
1.88
0.33
1.67

1.81
2.54
1.20
0.84
1.26
2.53
0.71
1.49
1.54
1.48
0.49
1.42

2.37
2.54
1.01
1.27
1.01
3.94
0.73
2.03
2.23
1.73
0.54
1.86

1.61
1.69
1.05
1.36
0.87
2.34
0.81
1.12
0.82
1.27
0.50
1.37

1.78
2.62
0.93
0.89
0.96
2.66
0.39
1.56
1.80
1.37
0.25
1.32

Percent of Loans Noncurrent**
All real estate loans�������������������������������������������������
Construction and development������������������������
Nonfarm nonresidential������������������������������������
Multifamily residential real estate��������������������
Home equity loans�������������������������������������������
Other 1-4 family residential������������������������������
Commercial and industrial loans����������������������������
Loans to individuals�������������������������������������������������
Credit card loans����������������������������������������������
Other loans to individuals��������������������������������
All other loans and leases (including farm)������������
Total loans and leases���������������������������������������������

7.01
15.99
4.29
3.62
1.79
9.60
1.90
1.65
2.05
1.21
1.00
4.71

3.07
9.95
3.48
3.53
1.45
2.34
2.56
1.03
0.72
1.03
0.83
2.63

4.03
12.90
3.46
3.20
1.37
2.86
2.46
0.77
1.54
0.71
0.86
3.54

5.18
16.76
4.13
3.82
1.45
4.12
2.41
1.12
1.75
0.91
0.91
4.29

8.22
17.12
4.81
3.66
1.85
11.72
1.76
1.71
2.06
1.28
1.02
4.99

4.77
18.60
3.88
2.64
1.20
4.82
2.31
1.91
2.02
1.53
0.29
3.42

9.05
17.93
5.01
5.69
1.92
12.27
1.52
1.32
1.98
0.98
0.51
6.10

7.86
14.85
4.42
3.75
1.97
12.61
2.07
1.38
2.31
1.12
0.89
5.20

8.24
14.05
4.36
3.41
2.28
12.98
1.85
1.85
2.23
1.26
0.95
5.25

4.66
10.45
3.11
4.54
1.29
5.00
1.58
0.64
0.84
0.53
1.19
3.58

5.50
19.67
4.55
3.20
1.16
6.67
2.04
1.73
2.01
1.49
2.33
3.75

Percent of Loans Charged-off (net, YTD)
All real estate loans�������������������������������������������������
Construction and development������������������������
Nonfarm nonresidential������������������������������������
Multifamily residential real estate��������������������
Home equity loans�������������������������������������������
Other 1-4 family residential������������������������������
Commercial and industrial loans����������������������������
Loans to individuals�������������������������������������������������
Credit card loans����������������������������������������������
Other loans to individuals��������������������������������
All other loans and leases (including farm)������������
Total loans and leases���������������������������������������������

1.45
3.65
0.87
0.79
2.21
1.32
1.14
4.30
6.69
1.34
0.44
1.82

0.40
1.32
0.44
0.50
0.55
0.29
0.67
0.49
2.46
0.37
0.00
0.41

0.71
2.42
0.52
0.62
0.70
0.52
0.98
1.09
5.93
0.62
0.33
0.75

1.30
4.89
0.99
0.82
1.16
0.74
1.27
1.93
5.10
0.68
0.48
1.32

1.68
3.69
0.99
0.83
2.41
1.56
1.15
4.57
6.73
1.47
0.45
2.09

0.90
2.76
0.84
0.57
0.95
0.75
1.68
6.01
6.91
2.42
0.13
2.29

1.95
5.33
0.96
0.95
2.80
1.54
0.68
3.45
7.57
0.96
0.19
1.81

1.53
4.64
1.23
0.72
1.96
1.23
1.16
2.12
5.70
0.84
0.32
1.41

1.38
1.83
0.54
0.37
2.94
1.30
1.11
5.37
7.87
1.08
0.25
2.01

0.78
1.96
0.45
0.43
1.46
0.62
0.76
1.54
3.27
0.50
0.27
0.82

1.72
3.25
0.97
1.62
1.92
2.24
1.45
3.43
4.67
2.10
1.38
1.98

Loans Outstanding (in billions)
All real estate loans�������������������������������������������������
Construction and development������������������������
Nonfarm nonresidential������������������������������������
Multifamily residential real estate��������������������
Home equity loans�������������������������������������������
Other 1-4 family residential������������������������������
Commercial and industrial loans����������������������������
Loans to individuals�������������������������������������������������
Credit card loans����������������������������������������������
Other loans to individuals��������������������������������
All other loans and leases (including farm)������������
Total loans and leases (plus unearned income)�����

$4,158.5
295.5
1,064.5
214.4
624.0
1,833.8
1,204.5
1,275.2
663.2
612.0
612.5
7,250.7

$60.1
4.1
18.0
1.8
1.9
26.1
11.1
5.8
0.1
5.7
8.8
85.9

$645.6
66.6
256.7
30.8
35.8
222.3
105.1
37.5
2.4
35.1
36.5
824.6

$660.8
67.4
268.2
44.5
47.9
220.6
133.4
71.6
18.0
53.6
33.1
898.9

$2,792.1
157.4
521.6
137.3
538.4
1,364.8
954.9
1,160.3
642.7
517.6
534.1
5,441.4

$815.5
43.3
225.2
62.4
89.1
389.4
184.2
382.6
295.7
86.8
98.6
1,480.9

$1,019.7
90.6
232.7
29.8
178.3
478.7
286.5
219.9
76.7
143.3
114.2
1,640.4

$803.8
48.7
191.6
62.7
155.6
330.5
247.8
180.9
40.6
140.4
156.4
1,389.0

$607.9
41.7
151.0
19.2
110.4
260.8
173.3
217.4
132.3
85.2
112.9
1,111.5

$336.1
45.0
123.0
9.7
23.1
123.2
90.3
44.4
14.9
29.4
21.7
492.5

$575.6
26.1
141.0
30.7
67.5
251.1
222.4
229.9
103.0
126.9
108.5
1,136.4

Memo: Other Real Estate Owned (in millions)
All other real estate owned��������������������������������������
Construction and development������������������������
Nonfarm nonresidential������������������������������������
Multifamily residential real estate��������������������
1-4 family residential����������������������������������������
Farmland�����������������������������������������������������������
GNMA properties���������������������������������������������

52,376.0
17,957.5
10,719.4
2,476.7
13,279.5
423.2
7,316.1

1,226.7
420.2
370.6
39.9
363.7
33.1
0.4

13,930.5
6,463.0
3,792.5
449.6
2,917.8
229.3
79.2

10,881.7
5,373.9
2,784.8
383.3
2,153.3
117.5
69.8

26,337.1
5,700.4
3,771.4
1,603.8
7,844.8
43.2
7,166.6

4,723.9
1,320.0
1,181.5
208.2
1,665.9
16.5
312.6

14,516.9
5,684.5
2,537.8
415.9
4,093.3
83.1
1,703.4

11,266.3
2,535.6
2,161.8
440.2
2,705.4
89.7
3,333.7

9,538.3
3,224.4
2,071.8
337.0
2,366.7
67.1
1,471.7

5,873.9
2,919.9
1,375.2
166.5
1,241.4
111.6
59.2

6,456.8
2,273.2
1,391.3
908.9
1,206.8
55.2
435.7

* Regions:
New York - Connecticut, Delaware, District of Columbia, Maine, Maryland, Massachusetts, New Hampshire, New Jersey, New York, Pennsylvania, Puerto Rico, Rhode Island, Vermont,
U.S. Virgin Islands
Atlanta - Alabama, Florida, Georgia, North Carolina, South Carolina, Virginia, West Virginia
Chicago - Illinois, Indiana, Kentucky, Michigan, Ohio, Wisconsin
Kansas City - Iowa, Kansas, Minnesota, Missouri, Nebraska, North Dakota, South Dakota
Dallas - Arkansas, Colorado, Louisiana, Mississippi, New Mexico, Oklahoma, Tennessee, Texas
San Francisco - Alaska, Arizona, California, Hawaii, Idaho, Montana, Nevada, Oregon, Pacific Islands, Utah, Washington, Wyoming
** Noncurrent loan rates represent the percentage of loans in each category that are past due 90 days or more or that are in nonaccrual status.

FDIC Quarterly

11

2011, Volume 5, No. 2

TABLE VI-A. Derivatives, All FDIC-Insured Commercial Banks and State-Chartered Savings Banks
Asset Size Distribution
% Change
Less
$100
4th Quarter 3rd Quarter 2nd Quarter 1st Quarter
10Q1than $100 Million to
2010
2010
2010
2010
11Q1
Million
$1 Billion

$1 Billion
to $10
Greater than
Billion
$10 Billion

(dollar figures in millions;
1st Quarter
notional amounts unless otherwise indicated)
2011
ALL DERIVATIVE HOLDERS
Number of institutions reporting derivatives�����������������
1,144
1,168
1,207
1,159
1,148
Total assets of institutions reporting derivatives���������� $10,944,288 $10,834,403 $10,888,467 $10,650,392 $10,745,975
Total deposits of institutions reporting derivatives�������
7,705,985
7,545,587
7,402,157
7,248,634
7,281,782
Total derivatives������������������������������������������������������������� 246,083,864 232,210,712 236,472,606 225,518,995 218,807,591

-0.3
1.8
5.8
12.5

82
$6,000
5,113
145

690
$284,265
232,834
17,146

291
81
$844,995
$9,809,028
662,006
6,806,032
66,052 246,000,521

Derivative Contracts by Underlying Risk Exposure
Interest rate�������������������������������������������������������������������� 199,547,520 193,497,885 196,558,711 188,621,077 182,641,534
Foreign exchange*�������������������������������������������������������� 28,788,641 22,002,935 22,531,799 20,245,402 19,202,392
Equity�����������������������������������������������������������������������������
1,471,260
1,363,760
1,679,128
1,615,062
1,570,974
Commodity & other (excluding credit derivatives)��������
1,377,484
1,195,150
1,153,316
1,076,212
941,687
Credit������������������������������������������������������������������������������ 14,898,959
14,150,982 14,549,653 13,961,242 14,451,004
Total�������������������������������������������������������������������������������� 246,083,864 232,210,712 236,472,606 225,518,995 218,807,591

9.3
49.9
-6.3
46.3
3.1
12.5

141
0
4
0
0
145

16,825
77
109
16
118
17,146

61,231 199,469,323
3,843
28,784,722
578
1,470,568
215
1,377,253
185
14,898,655
66,052 246,000,521

Derivative Contracts by Transaction Type
Swaps���������������������������������������������������������������������������� 152,747,048 149,256,558 146,962,909
Futures & forwards�������������������������������������������������������� 39,084,278 35,712,439 39,643,697
Purchased options��������������������������������������������������������� 19,021,195
16,174,116
16,911,279
Written options��������������������������������������������������������������� 18,256,144 15,904,093 16,697,323
Total�������������������������������������������������������������������������������� 229,108,665 217,047,205 220,215,208

12.0
12.5
20.7
14.7
13.0

27
46
20
52
145

9,228
3,582
665
3,553
17,027

45,935 152,691,858
10,233
39,070,418
3,543
19,016,967
5,758
18,246,780
65,469 229,026,023

141,427,435 136,333,735
36,793,865
34,747,283
15,399,619 15,759,306
15,898,211 15,910,886
209,519,129 202,751,210

Fair Value of Derivative Contracts
Interest rate contracts���������������������������������������������������
Foreign exchange contracts������������������������������������������
Equity contracts�������������������������������������������������������������
Commodity & other (excluding credit derivatives)��������
Credit derivatives as guarantor�������������������������������������
Credit derivatives as beneficiary�����������������������������������

92,290
8,198
1,763
-916
-40,236
50,612

92,057
12,340
-2,126
-1,068
-68,248
82,772

107,170
-7,464
-1,777
-721
-131,318
150,801

98,102
-4,874
311
-503
-222,427
242,490

94,739
1,329
-849
1,064
-121,494
141,389

-2.6
516.9
N/M
N/M
66.9
-64.2

1
0
0
0
0
0

4
-1
2
2
0
0

121
-16
8
2
5
-2

92,164
8,215
1,754
-920
-40,240
50,613

Derivative Contracts by Maturity**
Interest rate contracts����������������������������� < 1 year
		
������������������������������������������ 1-5 years
		
������������������������������������������ > 5 years
Foreign exchange contracts������������������� < 1 year
		
������������������������������������������ 1-5 years
		
������������������������������������������ > 5 years
Equity contracts��������������������������������������� < 1 year
		
������������������������������������������ 1-5 years
		
������������������������������������������ > 5 years
Commodity & other contracts����������������� < 1 year
		
������������������������������������������ 1-5 years
		
������������������������������������������ > 5 years

92,443,214
34,896,628
24,922,192
18,023,979
2,741,047
1,432,790
349,752
204,151
84,177
504,234
225,140
25,209

90,842,757
33,496,837
24,306,863
14,467,367
2,432,756
1,289,279
296,198
190,861
84,629
382,507
239,847
26,176

90,921,190
35,145,181
24,550,151
13,362,678
2,582,310
1,431,627
352,002
217,579
86,713
311,897
241,288
33,836

89,002,955
33,352,707
23,099,484
11,959,585
2,356,096
1,306,940
326,743
205,295
80,595
324,203
207,019
30,459

84,010,725
33,334,968
24,121,171
11,092,119
2,440,019
1,329,332
320,739
220,454
84,000
287,660
177,250
31,220

10.0
4.7
3.3
62.5
12.3
7.8
9.0
-7.4
0.2
75.3
27.0
-19.3

15
17
28
0
0
0
0
0
0
0
0
0

5,394
4,981
2,297
74
2
0
30
28
0
7
5
0

10,994
25,024
14,841
2,577
79
149
98
240
11
128
45
0

92,426,812
34,866,606
24,905,025
18,021,327
2,740,966
1,432,641
349,624
203,882
84,165
504,099
225,090
25,209

37.7
86.8

41.3
84.0

48.6
83.1

45.0
83.1

41.4
89.1

0.0
0.1

0.4
0.2

1.0
0.4

42.4
98.0

Risk-Based Capital: Credit Equivalent Amount
Total current exposure to tier 1 capital (%)�������������������
Total potential future exposure to tier 1 capital (%)������
Total exposure (credit equivalent amount)
to tier 1 capital (%)��������������������������������������������������

124.5

125.2

131.7

128.1

130.4

0.1

0.7

1.4

140.5

Credit losses on derivatives***����������������������������������

77.0

668.4

554.7

259.2

100.1

-23.1

0.0

0.0

5.3

71.7

HELD FOR TRADING
Number of institutions reporting derivatives�����������������
Total assets of institutions reporting derivatives����������
Total deposits of institutions reporting derivatives�������

193
9,075,286
6,418,885

196
8,968,803
6,279,414

201
9,001,809
6,139,890

189
8,882,869
6,078,628

195
8,949,192
6,095,318

-1.0
1.4
5.3

6
354
286

73
31,875
25,561

56
227,681
177,905

58
8,815,377
6,215,132

Derivative Contracts by Underlying Risk Exposure
Interest rate�������������������������������������������������������������������� 196,013,964 191,773,865 194,585,711 186,781,466 180,761,592
Foreign exchange���������������������������������������������������������� 26,378,493 20,853,441 20,699,946 18,086,768
17,462,757
Equity�����������������������������������������������������������������������������
1,465,412
1,357,525
1,672,913
1,608,817
1,563,707
Commodity & other��������������������������������������������������������
1,356,822
1,184,245
1,145,723
1,070,966
934,851
Total�������������������������������������������������������������������������������� 225,214,690 215,169,076 218,104,293 207,548,018 200,722,908

8.4
51.1
-6.3
45.1
12.2

12
0
0
0
12

1,195
0
1
0
1,195

13,417
2,621
120
121
16,277

195,999,341
26,375,872
1,465,291
1,356,701
225,197,206

1,597.8
-99.3
-23.7
-32.4
-9.5

0
0
0
0
0

0
0
0
0
0

24
4
4
1
32

4,560
25
743
2,042
7,370

0.0
0.0

0.0
0.0

1.2
21.9

6.4
40.9

Trading Revenues: Cash & Derivative Instruments
Interest rate��������������������������������������������������������������������
Foreign exchange����������������������������������������������������������
Equity�����������������������������������������������������������������������������
Commodity & other (including credit derivatives)��������
Total trading revenues���������������������������������������������������

4,584
29
747
2,043
7,403

1,413
1,892
365
-226
3,444

4,150
-1,087
405
609
4,077

68
4,312
418
1,912
6,710

270
3,906
979
3,024
8,178

Share of Revenue
Trading revenues to gross revenues (%)����������������������
Trading revenues to net operating revenues (%)����������

6.2
40.7

2.8
25.5

3.5
28.4

5.5
47.7

6.6
76.1

HELD FOR PURPOSES OTHER THAN TRADING
Number of institutions reporting derivatives�����������������
Total assets of institutions reporting derivatives����������
Total deposits of institutions reporting derivatives�������

1,035
10,593,072
7,496,306

1,057
10,475,733
7,333,179

1,084
10,535,035
7,198,525

1,046
10,261,969
7,015,274

1,032
10,324,307
7,035,315

0.3
2.6
6.6

76
5,646
4,826

625
257,038
210,868

257
729,138
569,248

77
9,601,249
6,711,363

Derivative Contracts by Underlying Risk
Exposure
Interest rate��������������������������������������������������������������������
Foreign exchange����������������������������������������������������������
Equity�����������������������������������������������������������������������������
Commodity & other��������������������������������������������������������
Total notional amount����������������������������������������������������

3,533,556
333,908
5,848
20,662
3,893,975

1,724,020
136,970
6,235
10,905
1,878,129

1,973,000
124,108
6,214
7,593
2,110,915

1,839,611
120,010
6,244
5,246
1,971,111

1,879,942
134,258
7,268
6,835
2,028,303

88.0
148.7
-19.5
202.3
92.0

129
0
4
0
133

15,631
77
109
16
15,832

47,815
825
458
94
49,192

3,469,982
333,007
5,277
20,552
3,828,817

All line items are reported on a quarterly basis.
N/M - Not Meaningful
*Include spot foreign exchange contracts. All other references to foreign exchange contracts in which notional values or fair values are reported exclude spot foreign exchange contracts.
** Derivative contracts subject to the risk-based capital requirements for derivatives.
*** The reporting of credit losses on derivatives is applicable to all banks filing the FFIEC 031 report form and to those banks filing the FFIEC 041 report form that have $300 million or more
in total assets.

FDIC Quarterly

12

2011, Volume 5, No. 2

Quarterly Banking Profile
TABLE VII-A. Servicing, Securitization, and Asset Sales Activities (All FDIC-Insured Commercial Banks and State-Chartered
Savings Banks)
Asset Size Distribution

(dollar figures in millions)
Assets Sold and Securitized with Servicing Retained or with
Recourse or Other Seller-Provided Credit Enhancements

1st
Quarter
2011

4th
Quarter
2010

3rd
Quarter
2010

2nd
Quarter
2010

1st
Quarter
2010

% Change Less than
$100
$1 Billion Greater
10Q1$100
Million to
to $10
than $10
11Q1
Million $1 Billion Billion
Billion

Number of institutions reporting securitization activities�����������������������������������������
Outstanding Principal Balance by Asset Type
1-4 family residential loans��������������������������������������������������������������������������������
Home equity loans���������������������������������������������������������������������������������������������
Credit card receivables�������������������������������������������������������������������������������������
Auto loans����������������������������������������������������������������������������������������������������������
Other consumer loans���������������������������������������������������������������������������������������
Commercial and industrial loans�����������������������������������������������������������������������
All other loans, leases, and other assets����������������������������������������������������������
Total securitized and sold������������������������������������������������������������������������������������������

144

137

135

125

125

15.2

22

68

24

30

$753,780
0
11,607
234
4,138
257
206,893
976,910

$752,619
0
13,748
298
4,234
4,014
192,394
967,307

$760,102
0
14,320
329
4,333
4,340
213,203
996,627

$759,032
0
15,452
486
5,021
871
209,600
990,463

$778,241
15
16,133
600
5,610
849
195,433
996,881

-3.1
-100.0
-28.1
-61.0
-26.2
-69.7
5.9
-2.0

$375
0
0
0
0
0
2
377

$841
0
721
0
0
13
39
1,615

$2,726
0
0
40
0
27
109
2,903

$749,838
0
10,886
194
4,138
216
206,743
972,015

Maximum Credit Exposure by Asset Type
1-4 family residential loans��������������������������������������������������������������������������������
Home equity loans���������������������������������������������������������������������������������������������
Credit card receivables�������������������������������������������������������������������������������������
Auto loans����������������������������������������������������������������������������������������������������������
Other consumer loans���������������������������������������������������������������������������������������
Commercial and industrial loans�����������������������������������������������������������������������
All other loans, leases, and other assets����������������������������������������������������������
Total credit exposure�������������������������������������������������������������������������������������������������
Total unused liquidity commitments provided to institution's own securitizations���

4,547
0
552
4
201
0
397
5,701
125

4,683
0
609
5
185
9
440
5,931
208

4,834
0
574
6
207
9
1,165
6,795
211

4,953
0
664
6
245
86
270
6,224
166

5,166
14
730
6
237
86
281
6,521
162

-12.0
-100.0
-24.4
-33.3
-15.2
-100.0
41.3
-12.6
-22.8

2
0
0
0
0
0
0
2
1

44
0
228
0
0
0
5
276
0

54
0
0
4
0
0
0
58
2

4,447
0
324
0
201
0
392
5,364
122

4.7
0.0
1.1
1.5
3.3
0.7
1.3
3.9

5.8
0.0
1.1
1.6
3.8
0.0
1.1
4.7

6.0
0.0
1.2
1.4
3.4
0.0
1.5
4.9

5.6
0.0
1.6
1.2
3.7
0.9
2.5
4.9

6.0
0.0
1.5
1.2
3.3
1.2
2.2
5.2

3.4
0.0
0.0
0.0
0.0
0.0
0.0
3.4

0.1
0.0
1.8
0.0
0.0
12.4
0.0
1.0

2.2
0.0
0.0
1.0
0.0
0.0
0.4
2.1

4.7
0.0
1.0
1.6
3.3
0.0
1.3
4.0

9.1
0.0
0.5
0.0
2.9
0.0
5.8
8.2

9.1
0.0
0.5
0.4
2.9
0.0
7.4
8.6

10.5
0.0
0.5
0.3
2.9
0.0
9.7
10.1

10.9
0.0
0.7
0.2
2.7
0.5
8.4
10.1

13.1
0.0
0.8
0.3
2.7
0.5
7.4
11.7

2.4
0.0
0.0
0.0
0.0
0.0
35.4
2.5

0.1
0.0
2.9
0.0
0.0
0.0
0.0
1.3

3.5
0.0
0.0
0.1
0.0
0.0
0.3
3.3

9.1
0.0
0.3
0.0
2.9
0.0
5.8
8.3

0.3
0.0
1.4
0.0
0.3
0.0
0.1
0.3

1.9
0.0
7.9
1.4
1.8
0.0
0.4
1.7

1.5
0.0
6.2
0.9
1.4
0.0
0.2
1.2

0.7
0.0
4.2
0.4
0.9
0.1
0.1
0.6

0.3
0.0
2.2
0.3
0.4
0.0
0.0
0.3

0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0

0.0
0.0
2.3
0.0
0.0
0.0
0.0
1.0

0.0
0.0
0.0
-0.1
0.0
0.0
0.0
0.0

0.3
0.0
1.3
0.0
0.3
0.0
0.1
0.3

0
8,157
2

0
7,350
2

0
6,073
2

0
5,088
3

0
4,831
4

0.0
68.8
-50.0

0
0
0

0
47
2

0
0
0

0
8,111
0

0
0
0

0
0
0

0
0
0

0
0
0

0
0
0

0.0
0.0
0.0

0
0
0

0
0
0

0
0
0

0
0
0

Securitized Loans, Leases, and Other Assets 30-89 Days Past Due (%)
1-4 family residential loans��������������������������������������������������������������������������������
Home equity loans���������������������������������������������������������������������������������������������
Credit card receivables�������������������������������������������������������������������������������������
Auto loans����������������������������������������������������������������������������������������������������������
Other consumer loans���������������������������������������������������������������������������������������
Commercial and industrial loans�����������������������������������������������������������������������
All other loans, leases, and other assets����������������������������������������������������������
Total loans, leases, and other assets�����������������������������������������������������������������������
Securitized Loans, Leases, and Other Assets 90 Days or More Past Due (%)
1-4 family residential loans��������������������������������������������������������������������������������
Home equity loans���������������������������������������������������������������������������������������������
Credit card receivables�������������������������������������������������������������������������������������
Auto loans����������������������������������������������������������������������������������������������������������
Other consumer loans���������������������������������������������������������������������������������������
Commercial and industrial loans�����������������������������������������������������������������������
All other loans, leases, and other assets����������������������������������������������������������
Total loans, leases, and other assets�����������������������������������������������������������������������
Securitized Loans, Leases, and Other Assets Charged-off
(net, YTD, annualized, %)
1-4 family residential loans��������������������������������������������������������������������������������
Home equity loans���������������������������������������������������������������������������������������������
Credit card receivables�������������������������������������������������������������������������������������
Auto loans����������������������������������������������������������������������������������������������������������
Other consumer loans���������������������������������������������������������������������������������������
Commercial and industrial loans�����������������������������������������������������������������������
All other loans, leases, and other assets����������������������������������������������������������
Total loans, leases, and other assets�����������������������������������������������������������������������
Seller's Interests in Institution's Own Securitizations - Carried as Loans
Home equity loans���������������������������������������������������������������������������������������������
Credit card receivables�������������������������������������������������������������������������������������
Commercial and industrial loans�����������������������������������������������������������������������
Seller's Interests in Institution's Own Securitizations - Carried as Securities
Home equity loans���������������������������������������������������������������������������������������������
Credit card receivables�������������������������������������������������������������������������������������
Commercial and industrial loans�����������������������������������������������������������������������

Assets Sold with Recourse and Not Securitized

Number of institutions reporting asset sales����������������������������������������������������
Outstanding Principal Balance by Asset Type
1-4 family residential loans��������������������������������������������������������������������������������
Home equity, credit card receivables, auto, and other consumer loans���������
Commercial and industrial loans�����������������������������������������������������������������������
All other loans, leases, and other assets����������������������������������������������������������
Total sold and not securitized�����������������������������������������������������������������������������������

857

855

847

835

819

4.6

161

534

120

42

66,156
1,417
102
54,961
122,637

64,175
1,455
379
53,860
119,870

60,998
41
445
53,588
115,073

62,747
41
537
53,130
116,455

62,207
40
669
50,039
112,954

6.3
3,442.5
-84.8
9.8
8.6

7,930
0
0
1
7,932

12,052
6
40
61
12,159

5,014
14
33
286
5,347

41,161
1,397
29
54,613
97,201

Maximum Credit Exposure by Asset Type
1-4 family residential loans��������������������������������������������������������������������������������
Home equity, credit card receivables, auto, and other consumer loans���������
Commercial and industrial loans�����������������������������������������������������������������������
All other loans, leases, and other assets����������������������������������������������������������
Total credit exposure�������������������������������������������������������������������������������������������������

14,139
135
81
13,420
27,776

15,587
132
90
13,115
28,925

14,996
20
77
12,969
28,061

14,196
21
77
12,809
27,103

13,705
21
62
10,481
24,269

3.2
542.9
30.6
28.0
14.5

132
0
0
1
134

1,866
3
29
42
1,941

2,997
3
32
13
3,044

9,146
129
20
13,363
22,658

Support for Securitization Facilities Sponsored by Other Institutions
Number of institutions reporting securitization facilities sponsored by others�������
Total credit exposure�������������������������������������������������������������������������������������������������

162
30,579

166
29,581

155
29,189

129
10,206

80
7,467

102.5
309.5

23
31

89
248

35
144

15
30,156

Total unused liquidity commitments�������������������������������������������������������������������������

626

514

504

418

846

-26.0

0

0

0

626

5,783,491 5,892,026 5,956,566 5,995,635

Other
Assets serviced for others*���������������������������������������������������������������������������������������
Asset-backed commercial paper conduits
Credit exposure to conduits sponsored by institutions and others������������������
Unused liquidity commitments to conduits sponsored by institutions
		
and others��������������������������������������������������������������������������������������������������
Net servicing income (for the quarter)����������������������������������������������������������������������
Net securitization income (for the quarter)���������������������������������������������������������������
Total credit exposure to Tier 1 capital (%)**�������������������������������������������������������������

5,749,124

-4.1

4,472

87,085

9,895

10,009

11,649

10,699

10,653

-7.1

5

0

104,319 5,553,249
52

9,838

62,396

61,364

74,623

70,087

63,181

-1.2

0

0

1,557

60,840

4,675
99
5.4

4,793
150
5.5

2,963
164
5.5

3,576
156
3.8

5,164
13
3.4

-9.5
661.5

37
0
1.0

148
3
2.0

178
3
2.3

4,313
92
6.4

* The amount of financial assets serviced for others, other than closed-end 1-4 family residential mortgages, is reported when these assets are greater than $10 million.
** Total credit exposure includes the sum of the three line items titled “Total credit exposure” reported above.

FDIC Quarterly

13

2011, Volume 5, No. 2

INSURANCE FUND INDICATORS
DIF Reserve Ratio Rises 10 Basis Points to -0.02 Percent
■	 Insured Deposits Grow by 1.4 Percent
■	 26 Institutions Failed during First Quarter
■	 $894 Billion Temporarily Insured in Noninterest-bearing Transaction Accounts
■	

Total assets of the nation’s 7,574 FDIC-insured
commercial banks and savings institutions increased by
0.7 percent ($94.7 billion) during the first quarter of
2011. Total deposits increased by 1.9 percent ($178.8
billion), domestic office deposits increased by 1.5
percent ($117.4 billion), and foreign office deposits
increased by 4.0 percent ($61.4 billion). Domestic
noninterest-bearing deposits increased by 3.5 percent
($58.3 billion) and domestic interest-bearing deposits
increased by 1.0 percent ($59.1 billion). For the 12
months ending March 31, total domestic deposits grew
by 3.9 percent ($298.2 billion), as interest-bearing
deposits increased by 1.2 percent ($76.8 billion) and
non-interest-bearing deposits rose by 14.5 percent
($221.3 billion).

coverage for noninterest-bearing transaction accounts
from December 31, 2010, through December 31, 2012,
regardless of the balance in the account and the ownership capacity of the funds. The unlimited coverage is
available to all depositors, including consumers, businesses and government entities. The coverage is separate from, and in addition to, the insurance coverage
provided for a depositor’s other accounts held at an
FDIC-insured bank.3 Insured commercial banks and
savings institutions had $1.75 trillion in domestic
noninterest-bearing deposits on March 31, 2011, 60
percent ($1.05 trillion) of which was in noninterestbearing transaction accounts larger than $250,000.
Of this total, $894 billion exceeded the basic coverage
limit of $250,000 per account, but was fully insured by
the temporary unlimited coverage. Banks with under
$10 billion in assets funded 3.3 percent of their assets
with deposits receiving the temporary unlimited coverage. Banks with more than $10 billion in assets had
deposits receiving temporary coverage equal to 7.6
percent of assets. The table on the following page shows
the distribution of accounts receiving unlimited coverage on noninterest-bearing transaction accounts by
institution asset size.

Brokered deposits decreased by 1.7 percent ($9.8
billion) during the first quarter. At the end of the first
quarter of 2011, 42 percent (3,215) of FDIC-insured
banks and thrifts used brokered deposits and 798 of
these institutions had brokered deposits that exceeded
10 percent of their domestic deposits. Reciprocal
brokered deposits spread among 1,471 institutions
totaled $28.6 billion, representing 5.1 percent of total
outstanding brokered deposits.1 Data newly provided in
quarterly financial reports on deposits that institutions
obtained through listing services indicate that 1,359
institutions held such deposits, which in aggregate
amounted to $40.8 billion.2

Total estimated insured deposits increased by 1.4
percent in the quarter ending March 31, 2011, and rose
by a total of 16.7 percent over the past four quarters.
The large four-quarter increase was primarily attributable to the additional temporary coverage of non-­
interest bearing transaction accounts authorized by the
Dodd-Frank Act. For institutions existing at the start
and the end of the most recent quarter, insured deposits
increased during the quarter at 5,114 institutions (68
percent), decreased at 2,427 institutions (32 percent),
and remained unchanged at 32 institutions.

The Dodd-Frank Wall Street Reform and Consumer
Protection Act (Dodd-Frank), enacted on July 21,
2010, provides temporary unlimited deposit insurance
Reciprocal brokered deposits are deposits that an insured depository
institution receives through a deposit placement network on a reciprocal basis, such that: (1) For any deposit received, the institution (as
agent for depositors) places the same amount with other insured
depository institutions through the network; and (2) each member of
the network sets the interest rate to be paid on the entire amount of
funds it places with other network members.
2
Listing service deposits are obtained as a result of a bank having its
rates listed by a deposit service that is compensated for the listing by
either the bank listing the rates or by the person or entities who view
the listed rates.
1

FDIC Quarterly

Beginning July 21, 2011, per Dodd-Frank insured institutions will no
longer be prohibited from paying interest on commercial demand
deposits. At that time, if an institution modifies the terms of its
demand deposit accounts so that the account may earn interest, the
account will no longer satisfy the definition of a noninterest-bearing
transaction account, and will no longer be eligible for the temporary
unlimited coverage.
3

14

2011, Volume 5, No. 2

Quarterly Banking Profile
Insured Commercial Banks and Savings Institutions as of March 31, 2011
Distribution of Noninterest-Bearing Domestic Deposits, by Asset Size
Dodd - Frank
Domestic Noninterest-Bearing Transaction Accounts
Larger than $250,000

Asset Size
Less than $1 Billion
$1 - $10 Billion
$10 - $50 Billion
$50 - $100 Billion
Over $100 Billion
Total

Number of
Institutions
6,904
563
71
17
19
7,574

Total Assets
($ Bil.)
1,431.5
1,429.1
1,411.5
1,179.0
7,963.6
13,414.7

Total
($ Bil.)
59.2
80.5
97.5
70.8
745.4
1,053.3

Other
NoninterestAmount above
Average
Bearing
the $250,000
Average
Number of
Deposits*
Coverage Limit
Account
Accounts per
($ Bil.)
($ Bil.)
Size ($000)
Institution
37.5
682
13
112.7
58.3
904
158
77.7
78.9
1,314
1,045
64.6
59.3
1,550
2,685
39.0
659.8
2,178
18,012
400.0
893.9
1,651
84
694.1

* Includes noninterest-bearing transaction accounts smaller than $250,000 and noninterest-bearing deposits not classified as transaction accounts.

The condition of the Deposit Insurance Fund (DIF)
continues to improve. The DIF increased by $6.3
billion during the first quarter of 2011 to negative
$1.0 billion (unaudited), the fifth consecutive quarterly
increase. Assessment income of $3.5 billion and a
$3.1 billion negative provision for insurance losses
were the primary contributors to the improvement in
the DIF balance. Interest earnings, combined with
unrealized gains on available-for-sale securities and
other net revenue, increased the fund by another
$151 million. Operating expenses reduced the fund
balance by $395 million.

assets minus average tangible equity. Revisions to insurance assessment rates and pricing rules for large banks
(banks with assets greater than $10 billion) also became
effective on that date. The Fourth Quarter 2010 Quarterly Banking Profile includes a more detailed explanation of these changes.
Dodd-Frank required that, for at least five years, the
FDIC must make available to the public the reserve
ratio and the DRR using both estimated insured
­deposits and the new assessment base. The new assessment base will require some changes in reporting, so
only an estimate is available at this time. As of March
31, 2011, the FDIC estimates that the reserve ratio
would have been -0.01 percent using the new assessment base (compared to -0.02 percent using estimated
insured deposits) and that the proposed 2 percent DRR
using estimated insured deposits would have been
approximately 1 percent using the estimated new
­assessment base.

The number of bank failures has fallen three quarters in
a row. A total of 26 insured institutions with combined
assets of $9.8 billion failed during the first quarter of
2011, at an estimated cost to the DIF of $1.9 billion.
The DIF’s reserve ratio was negative 0.02 percent on
March 31, 2011, up from negative 0.12 percent at
December 31, 2010, and the negative 0.39 percent low
point reached at the end of 2009.

Author:

Effective April 1, 2011, the deposit insurance assessment base has changed to average consolidated total

FDIC Quarterly

15

Kevin Brown, Sr. Financial Analyst
Division of Insurance and Research
(202) 898-6817

2011, Volume 5, No. 2

Table I-B. Insurance Fund Balances and Selected Indicators
Deposit Insurance Fund*
1st
4th
3rd
2nd
Quarter
Quarter
Quarter
Quarter
2010
2009
2009
2009
-$20,862
-$8,243
$10,368
$13,007

1st
Quarter
2011
-$7,352

4th
Quarter
2010
-$8,009

3rd
Quarter
2010
-$15,247

2nd
Quarter
2010
-$20,717

3,484

3,498

3,592

3,242

3,278

3,042

28

39

40

64

62

0
395

0
452

0
414

0
382

0
345

-3,089

2,446

-3,763

-2,552

66

48

94

57
6,329

-30
657

Ending Fund Balance�����������
Percent change from
four quarters earlier���������

-1,023
NM

Reserve Ratio (%)�����������������

-0.02

(dollar figures in millions)
Beginning Fund Balance�����
Changes in Fund Balance:
Assessments earned��������������
Interest earned on
investment securities������
Realized gain on sale of
investments����������������������
Operating expenses���������������
Provision for insurance
losses�������������������������������
All other income,
net of expenses���������������
Unrealized gain/(loss) on
available-for-sale
securities�������������������������
Total fund balance change�����

Number of institutions
reporting�������������������������

4th
Quarter
2008
$34,588

3rd
Quarter
2008
$45,217

2nd
Quarter
2008
$52,843

1st
Quarter
2008
$52,413

2,615

996

881

640

448

2,965

9,095

76

176

240

212

277

526

651

618

0
379

732
328

521
298

136
266

302
290

473
249

0
256

0
238

3,021

17,766

21,694

11,615

6,637

19,163

11,930

10,221

525

55

22

2,721

308

375

2

15

16

1

0

163
7,238

-61
5,470

149
145

-313
-12,619

-770
-18,611

-957
-2,639

-331
-4,269

551
-17,312

-346
-10,629

1,559
-7,626

127
430

-7,352

-8,009

-15,247

-20,717

-20,862

-8,243

10,368

13,007

17,276

34,588

45,217

52,843

NM

NM

NM

NM

NM

NM

-77.07

-75.39

-67.04

-33.17

-11.73

4.13

-0.12

-0.15

-0.28

-0.38

-0.39

-0.16

0.22

0.27

0.36

0.76

1.01

1.19

5,437,760 5,472,259

Estimated Insured
Deposits**������������������������������ 6,388,688 6,302,499
Percent change from
four quarters earlier���������
16.75
16.55
Domestic Deposits��������������� 8,006,187
Percent change from
four quarters earlier���������
3.94

1st
Quarter
2009
$17,276

5,407,742

5,315,920

4,817,783

4,831,748

4,750,783

1.99

12.87

13.26

13.83

16.96

7.83

8.87

10.68

7.13

5.50

4.55

7,887,746

7,753,409

7,681,284

7,702,447

7,705,353

7,561,334

7,561,996 7,546,996

7,505,408

7,230,326

7,036,264

7,076,717

2.37

2.54

1.58

2.06

2.66

4.58

7.47

6.65

8.43

7.15

5.04

5.58

7,668

7,771

7,840

7,944

8,022

8,109

8,205

8,257

8,315

8,394

8,462

8,505

7,584

5,421,718

Deposit Insurance Fund Balance
and Insured Deposits
($ Millions)

DIF Reserve Ratios

Percent of Insured Deposits
1.19
1.01
0.76

0.36

0.27

0.22
-0.16 -0.39 -0.38 -0.28 -0.15 -0.12 -0.02

3/08

9/08

3/09

9/09

4,545,198 4,468,086 4,438,256

3/10

9/10

3/11

DIF
Balance

DIF-Insured
Deposits

3/08

$52,843

$4,438,256

6/08

45,217

4,468,086

9/08

34,588

4,545,198

12/08

17,276

4,750,783
4,831,748

3/09

13,007

6/09

10,368

4,817,783

9/09

-8,243

5,315,920

12/09

-20,862

5,407,742

3/10

-20,717

5,472,259

6/10

-15,247

5,437,760

9/10

-8,009

5,421,718

12/10

-7,352

6,302,499

3/11

-1,023

6,388,688

Table II-B. Problem Institutions and Failed/Assisted Institutions
(dollar figures in millions)
Problem Institutions
Number of institutions������������������������������������������������
Total assets�����������������������������������������������������������������

2011***
888
$397,252

2010***
775
$431,189

2010

2009

2008

884
$390,017

702
$402,782

252
$159,405

2007
76
$22,189

2006
50
$8,265

Failed Institutions
25
3
Number of institutions������������������������������������������������
26
41
157
140
0
$371,945
$2,615
Total assets�����������������������������������������������������������������
$9,839
$22,140
$92,085
$169,709
$0
Assisted Institutions****
5
0
Number of institutions������������������������������������������������
0
0
0
8
0
$1,306,042
0
$0
$0
$0
$1,917,482
Total assets�����������������������������������������������������������������
0
* Quarterly financial statement results are unaudited.
NM - Not meaningful
** Beginning in the third quarter of 2009, estimates of insured deposits are based on a $250,000 general coverage limit. The Dodd-Frank Wall Street Reform and Consumer Protection Act
(Dodd-Frank) temporarily provides unlimited coverage for noninterest bearing transaction accounts for two years beginning December 31, 2010. Beginning in the fourth quarter of 2010,
estimates of insured deposits include the entire balance of noninterest bearing transaction accounts.
***Through March 31
**** Assisted institutions represent five institutions under a single holding company that received assistance in 2008, and eight institutions under a different single holding company that
received assistance in 2009.

FDIC Quarterly

16

2011, Volume 5, No. 2

Quarterly Banking Profile
Table III-B. Estimated FDIC-Insured Deposits by Type of Institution
(dollar figures in millions)
Number of
Institutions

March 31, 2011
Commercial Banks and Savings Institutions

Total
Assets

Domestic
Deposits*

Est. Insured
Deposits

FDIC-Insured Commercial Banks�����������������������������������������������
		 FDIC-Supervised�������������������������������������������������������������������
		 OCC-Supervised��������������������������������������������������������������������
		 Federal Reserve-Supervised�������������������������������������������������

6,453
4,267
1,366
820

$12,157,324
1,941,847
8,483,600
1,731,876

$7,063,538
1,485,978
4,529,753
1,047,806

$5,547,794
1,209,714
3,516,251
821,829

FDIC-Insured Savings Institutions����������������������������������������������
		 OTS-Supervised Savings Institutions������������������������������������
		 FDIC-Supervised State Savings Banks���������������������������������

1,121
724
397

1,257,331
931,664
325,667

926,968
685,654
241,314

826,107
613,452
212,656

Total Commercial Banks and Savings Institutions����������������������

7,574

13,414,655

7,990,506

6,373,901

Other FDIC-Insured Institutions
U.S. Branches of Foreign Banks�������������������������������������������������

10

30,790

15,682

14,786

Total FDIC-Insured Institutions���������������������������������������������������� ..

7,584

13,445,445

8,006,187

6,388,688

* Excludes $1.6 trillion in foreign office deposits, which are uninsured.

Table IV-B. Distribution of Institutions and Domestic Deposits Among Risk Categories
Quarter Ending December 31, 2010
(dollar figures in billions)

Risk Category I

Risk Category II
Risk Category III
Risk Category IV

Annual
Rate in
Basis Points*
7.00-12.00
12.01-14.00
14.01-15.99
16.00-24.00
17.00-22.00
22.01-43.00
27.00-32.00
32.01-58.00
40.00-45.00
45.01-77.50

Number of
Institutions
1,791
1,524
1,683
325
1,236
216
567
136
149
41

Percent
of Total
Institutions
23.36
19.87
21.95
4.24
16.12
2.82
7.39
1.77
1.94
0.53

Domestic
Deposits
$791
1,709
1,931
382
2,256
496
186
80
41
15

Percent
of Total
Domestic
Deposits
10.03
21.67
24.48
4.84
28.60
6.29
2.36
1.01
0.52
0.19

Note: Institutions are categorized based on supervisory ratings, debt ratings and financial data as of December 31, 2010.
* Assessment rates with a given risk category vary for several reasons, see 12 CFR Part 327.

FDIC Quarterly

17

2011, Volume 5, No. 2

Notes to Users

periods, divided by the total number of periods). For “poolingof-interest” mergers, the assets of the acquired institution(s)
are included in average assets since the year-to-date income
includes the results of all merged institutions. No adjustments
are made for “purchase accounting” mergers. Growth rates
represent the percentage change over a 12-month period in
totals for institutions in the base period to totals for institutions in the current period.
All data are collected and presented based on the location of
each reporting institution’s main office. Reported data may
include assets and liabilities located outside of the reporting
institution’s home state. In addition, institutions may relocate
across state lines or change their charters, resulting in an
inter-regional or inter-industry migration, e.g., institutions
can move their home offices between regions, and savings
institutions can convert to commercial banks or commercial
banks may convert to savings institutions.

This publication contains financial data and other information
for depository institutions insured by the Federal Deposit Insur­
ance Corporation (FDIC). These notes are an integral part of
this publication and provide information regarding the com­
parability of source data and reporting differences over time.

Tables I-A through VIII-A.
The information presented in Tables I-A through V-A of the
FDIC Quarterly Banking Profile is aggregated for all FDICinsured institutions, both commercial banks and savings institutions. Tables VI-A (Derivatives) and VII-A (Servicing,
Securitization, and Asset Sales Activities) aggregate information only for insured commercial banks and state-chartered
savings banks that file quarterly Call Reports. Table VIII-A
(Trust Services) aggregates Trust asset and income information collected annually from all FDIC-insured institutions.
Some tables are arrayed by groups of FDIC-insured institutions based on predominant types of asset concentration,
while other tables aggregate institutions by asset size and
­geographic region. Quarterly and full-year data are provided
for selected indicators, including aggregate condition and
income data, performance ratios, condition ratios, and structural changes, as well as past due, noncurrent, and charge-off
information for loans outstanding and other assets.

ACCOUNTING CHANGES

Extended Net Operating Loss Carryback Period – The Worker,
Home­ownership, and Business Assistance Act of 2009, which
was enacted on November 6, 2009, permits banks and other
businesses, excluding those banking organizations that received
capital from the U.S. Treasury under the Troubled Asset Relief
Program, to elect a net operating loss carryback period of
three, four, or five years instead of the usual carryback period
of two years for any one tax year ending after December 31,
2007, and beginning before January 1, 2010. For calendar year
banks, this extended carryback period applies to either the
2008 or 2009 tax year. The amount of the net operating loss
that can be carried back to the fifth carryback year is limited
to 50 percent of the available taxable income for that fifth
year, but this limit does not apply to other carryback years.
Under generally accepted accounting principles, banks may
not record the effects of this tax change in their balance
sheets and income statements for financial and regulatory
reporting purposes until the period in which the law was
enacted, i.e., the fourth quarter of 2009. Therefore, banks
should recognize the effects of this fourth quarter 2009 tax
law change on their current and deferred tax assets and liabilities, including valuation allowances for deferred tax assets, in
their Call Reports for December 31, 2009. Banks should not
amend their Call Reports for prior quarters for the effects of
the extended net operating loss carryback period.
The American Recovery and Reinvestment Act of 2009,
which was enacted on February 17, 2009, permits qualifying
small businesses, including FDIC-insured institutions, to elect
a net operating loss carryback period of three, four, or five
years instead of the usual carryback period of two years for any
tax year ending in 2008 or, at the small business’s election,
any tax year beginning in 2008. Under generally accepted
accounting principles, institutions may not record the effect of
this tax change in their balance sheets and income statements
for financial and regulatory reporting purposes until the period
in which the law was enacted, i.e., the first quarter of 2009.
Troubled Debt Restructurings – Many institutions are restructuring or modifying the terms of loans to provide payment relief
for those borrowers who have suffered deterioration in their
financial condition. Such loan restructurings may include, but
are not limited to, reductions in principal or accrued interest,
reductions in interest rates, and extensions of the maturity
date. Modifications may be executed at the original contractu-

Tables I-B through IV-B.
A separate set of tables (Tables I-B through IV-B) provides
comparative quarterly data related to the Deposit Insurance
Fund (DIF), problem institutions, failed/assisted institutions,
estimated FDIC-insured deposits, as well as assessment rate
information. Depository institutions that are not insured by
the FDIC through the DIF are not included in the FDIC
Quarterly Banking Profile. U.S. branches of institutions headquartered in foreign countries and non-deposit trust companies
are not included unless otherwise indicated. Efforts are made
to obtain financial reports for all active institutions. However,
in some cases, final financial reports are not available for institutions that have closed or converted their charters.

DATA SOURCES
The financial information appearing in this publication is
obtained primarily from the Federal Financial Institutions
Examination Council (FFIEC) Consolidated Reports of
Condition and Income (Call Reports) and the OTS Thrift
Financial Reports submitted by all FDIC-insured depository
institutions. This information is stored on and retrieved from
the FDIC’s Research Information System (RIS) data base.

COMPUTATION METHODOLOGY
Parent institutions are required to file consolidated reports,
while their subsidiary financial institutions are still required
to file separate reports. Data from subsidiary institution
reports are included in the Quarterly Banking Profile tables,
which can lead to double-counting. No adjustments are made
for any double-counting of subsidiary data. Additionally, certain adjustments are made to the OTS Thrift Financial Reports
to provide closer conformance with the reporting and
accounting requirements of the FFIEC Call Reports.
All asset and liability figures used in calculating performance
ratios represent average amounts for the period (beginning-ofperiod amount plus end-of-period amount plus any interim
FDIC Quarterly

18

2011, Volume 5, No. 2

Quarterly Banking Profile
al interest rate on the loan, a current market interest rate, or a
below-market interest rate. Many of these loan modifications
meet the definition of a troubled debt restructuring (TDR).
The TDR accounting and reporting standards are set forth in
ASC Subtopic 310-40, Receivables—Troubled Debt
Restructurings by Creditors (formerly FASB Statement No.
15, “Accounting by Debtors and Creditors for Troubled Debt
Restructurings,” as amended). This guidance specifies that a
restructuring of a debt constitutes a TDR if, at the date of
restructuring, the creditor for economic or legal reasons related to a debtor’s financial difficulties grants a concession to
the debtor that it would not otherwise consider.
In the Call Report, until a loan that is a TDR is paid in full
or otherwise settled, sold, or charged off, it must be reported
in the appropriate loan category, as well as identified as a performing TDR loan, if it is in compliance with its modified
terms. If a TDR is not in compliance with its modified terms,
it is reported as a past due and nonaccrual loan in the appropriate loan category, as well as distinguished from other past
due and nonaccrual loans. To be considered in compliance
with its modified terms, a loan that is a TDR must not be in
nonaccrual status and must be current or less than 30 days
past due on its contractual principal and interest payments
under the modified repayment terms. A loan restructured in a
TDR is an impaired loan. Thus, all TDRs must be measured
for impairment in accordance with ASC Subtopic 310-10,
Receivables—Overall (formerly FASB Statement No. 114,
“Accounting by Creditors for Impairment of a Loan,” as
amended), and the Call report Glossary entry for “Loan
Impairment.”
Accounting for Loan Participations – Amended ASC Topic 860
(formerly FAS 166) modified the criteria that must be met in
order for a transfer of a portion of a financial asset, such as a
loan participation, to qualify for sale accounting. These
­changes apply to transfers of loan participations on or after
the effective date of amended ASC Topic 860 (January 1,
2010, for banks with calendar year fiscal year), including
advances under lines of credit that are transferred on or after
the effective date of amended ASC Topic 860 even if the line
of credit agreements were entered into before this effective
date. Therefore, banks with a calendar year fiscal year must
account for transfers of loan participations on or after January
1, 2010, in accordance with amended ASC Topic 860. In
general, loan participations transferred before the effective
date of amended ASC Topic 860 are not affected by this new
accounting standard.
Under amended ASC Topic 860, if a transfer of a portion of
an entire financial asset meets the ­definition of a “participating interest,” then the transferor (normally the lead lender)
must evaluate whether the transfer meets all of the conditions
in this accounting standard to qualify for sale accounting.
Other-Than-Temporary Impairment – When the fair value of an
investment in a debt or equity security is less than its cost
basis, the impairment is either temporary or other-than-­
temporary. To determine whether the impairment is otherthan-temporary, an institution must apply other pertinent
guidance in ASC Topic 320 , Investments-Debt and Equity
Securities—Overall; ASC Subtopic 325-20, InvestmentsOther—Cost Method Investments; and ASC Subtopic 32540, Investments-Other—Beneficial Interests in Securitized
Financial Assets (formerly paragraph 16 of FASB Statement

FDIC Quarterly

No. 115, Accounting for Certain Investments in Debt and Equity
Securities); FASB Staff Position (FSP) FAS 115-1 and FAS
124-1, The Meaning of Other-Than-Temporary Impairment and
Its Application to Certain Investments; FSP FAS 115‑2 and FAS
124-2, Recognition and Presentation of Other-Than-Temporary
Impairments; paragraph 6 of Accounting Principles Board
Opinion No. 18, The Equity Method of Accounting for
Investments in Common Stock; Emerging Issues Task Force
(EITF) Issue No. 99-20, Recognition of Interest Income and
Impairment on Purchased Beneficial Interests and Beneficial
Interests That Continue to Be Held by a Transferor in Securitized
Financial Assets; and FSP EITF 99-20-1, Amendments to the
Impairment Guidance of EITF Issue No. 99-20. Under ASC
Topic 320, if an institution intends to sell a debt security or it
is more likely than not that it will be required to sell the debt
security before recovery of its amortized cost basis, an otherthan-temporary impairment has occurred and the entire difference between the security’s amortized cost basis and its fair
value at the balance sheet date must be recognized in earnings. In these cases, the fair value of the debt security would
become its new amortized cost basis. In addition, under ASC
Topic 320, if the present value of cash flows expected to be
collected on a debt security is less than its amortized cost
basis, a credit loss exists. In this situation, if an institution
does not intend to sell the security and it is not more likely
than not that the institution will be required to sell the debt
security before recovery of its amortized cost basis less any
current-period credit loss, an other-than-temporary impairment has occurred. The amount of the total other-than-­
temporary impairment related to the credit loss must be
recognized in earnings, but the amount of the total impairment related to other factors must be recognized in other
comprehensive income, net of applicable taxes.
ASC Topic 805 (formerly Business Combinations and Noncontrolling
(Minority) Interests) – In December 2007, the FASB issued
Statement No. 141 (Revised), Business Combinations FAS
141(R)), and Statement No. 160, Noncontrolling Interests in
Consolidated Financial Statements (FAS 160). Under FAS
141(R), all business combinations, including combinations of
mutual entities, are to be accounted for by applying the acquisition method. FAS 160 defines a noncontrolling interest, also
called a minority interest, as the portion of equity in an institution’s subsidiary not attributable, directly or indirectly, to the
parent institution. FAS 160 requires an institution to clearly
present in its consolidated financial statements the equity
ownership in and results of its subsidiaries that are attributable
to the noncontrolling ownership interests in these subsidiaries.
FAS 141(R) applies prospectively to business combinations for
which the acquisition date is on or after the beginning of the
first annual reporting period beginning on or after December
15, 2008. Similarly, FAS 160 is effective for fiscal years beginning on or after December 15, 2008. Thus, for institutions
with calendar year fiscal years, these two accounting standards
take effect in 2009. Beginning in March 2009, Institution
equity capital and Noncontrolling interests are separately
reported in arriving at Total equity capital and Net income.
ASC Topic 820 (formerly FASB Statement No. 157 Fair Value
Measurements issued in September 2006) and ASC Topic 825
­(formerly FASB Statement No. 159 The Fair Value Option for
Financial Assets and Financial Liabilities) issued in February 2007 –
both are effective in 2008 with early adoption permitted in
2007. FAS 157 defines fair value and establishes a framework

19

2011, Volume 5, No. 2

for developing fair value estimates for the fair value measurements that are already required or permitted under other
­standards. FASB FSP 157-4, issued in April 2009, provides
additional guidance for estimating fair value in accordance
with FAS 157 when the volume and level of activity for the
asset or ­liability have significantly decreased. The FSP also
includes guidance on identifying circumstances that indicate a
transaction is not orderly. The FSP is effective for interim and
annual reporting periods ending after June 15, 2009, with early
adoption permitted for periods ending after March 15, 2009.
Fair value continues to be used for derivatives, trading securities, and available-for-sale securities. Changes in fair value go
through earnings for trading securities and most derivatives.
Changes in the fair value of available-for-sale securities are
reported in other comprehensive income. Available-for-sale
securities and held-to-maturity debt securities are written down
to fair value if impairment is other than temporary and loans
held for sale are reported at the lower of cost or fair value.
FAS 159 allows institutions to report certain financial assets
and liabilities at fair value with subsequent changes in fair
value included in earnings. In general, an institution may
elect the fair value option for an eligible financial asset or liability when it first recognizes the instrument on its balance
sheet or enters into an eligible firm commitment.
ASC Topic 715 (formerly FASB Statement No. 158 Employers’
Accounting for Defined Benefit Pension and Other Postretirement
Plans) – issued in September 2006 requires a bank to recognize
in 2007, and subsequently, the funded status of its postretirement plans on its balance sheet. An overfunded plan is recognized as an asset and an underfunded plan is recognized as a
liability. An adjustment is made to equity as accumulated
other comprehensive income (AOCI) upon application of
FAS 158, and AOCI is adjusted in subsequent periods as net
periodic benefit costs are recognized in earnings.
ASC Topic 860 (formerly FASB Statement No. 156 Accounting for
Servicing of Financial Assets) – issued in March 2006 and effective in 2007, requires all separately recognized servicing assets
and liabilities to be initially measured at fair value and allows
a bank the option to subsequently adjust that value by periodic revaluation and recognition of earnings or by periodic
amortization to earnings.
ASC Topic 815 (formerly FASB Statement No. 155 Accounting for
Certain Hybrid Financial Instruments) – issued in February 2006,
requires bifurcation of certain derivatives embedded in interests in securitized financial assets and permits fair value measurement (i.e., a fair value option) for any hybrid financial
instrument that contains an embedded derivative that would
otherwise require bifurcation under FASB Statement No. 133,
Accounting for Derivative Instruments and Hedging Activities
(FAS 133). In addition, FAS 155 clarifies which interest-only
and principal-only strips are not subject to FAS 133.
Purchased Impaired Loans and Debt Securities – ASC Topic 310
(formerly Statement of Position 03-3, Accounting for Certain Loans
or Debt Securities Acquired in a Transfer) – The SOP applies to
loans and debt securities acquired in fiscal years beginning
after December 15, 2004. In general, this Statement of
Position applies to “purchased impaired loans and debt securities” (i.e., loans and debt securities that a bank has purchased,
including those acquired in a purchase business combination,
when it is probable, at the purchase date, that the bank will
be unable to collect all contractually required payments
receivable). Banks must follow Statement of Position 03-3 for
FDIC Quarterly

Call Report purposes. The SOP does not apply to the loans
that a bank has originated, prohibits “carrying over” or creation of valuation allowances in the initial accounting, and
any subsequent valuation allowances reflect only those losses
incurred by the investor after acquisition.
GNMA Buy-back Option – If an issuer of GNMA securities has the
option to buy back the loans that collateralize the GNMA securities, when certain delinquency criteria are met, ASC Topic
860 (formerly FASB Statement No. 140) requires that loans
with this buy-back option must be brought back on the issuer’s
books as assets. The rebooking of GNMA loans is required
regardless of whether the issuer intends to exercise the buy-back
option. The banking agencies clarified in May 2005 that all
GNMA loans that are rebooked because of delinquency should
be reported as past due according to their contractual terms.
ASC Topics 860 & 810 (formerly FASB Statements 166 & 167) –
In June 2009, the FASB issued Statement No. 166,
Accounting for Transfers of Financial Assets (FAS 166), and
Statement No. 167, Amendments to FASB Interpretation No.
46(R) (FAS 167), which change the way entities account for
securitizations and special purpose entities. FAS 166 revised
FASB Statement No. 140, Accounting for Transfers and
Servicing of Financial Assets and Extinguishments of Liabilities, by
eliminating the concept of a “qualifying special-purpose entity,” creating the concept of a “participating interest,” changing the requirements for derecognizing financial assets, and
requiring additional disclosures. FAS 167 revised FASB
Interpretation No. 46(R), Consolidation of Variable Interest
Entities, by changing how a bank or other company determines when an entity that is insufficiently capitalized or is
not controlled through voting or similar rights, i.e., a “variable interest entity” (VIE), should be consolidated. Under
FAS 167, a bank must perform a qualitative assessment to
determine whether its variable interest or interests give it a
controlling financial interest in a VIE. If a bank’s variable
interest or interests provide it with the power to direct the
most significant activities of the VIE, and the right to receive
benefits or the obligation to absorb losses that could potentially be significant to the VIE, the bank is the primary beneficiary of, and therefore must consolidate, the VIE.
Both FAS 166 and FAS 167 take effect as of the beginning of
each bank’s first annual reporting period that begins after
November 15, 2009, for interim periods therein, and for interim and annual reporting periods thereafter (i.e., as of January
1, 2010, for banks with a calendar year fiscal year). Earlier
application is prohibited. Banks are expected to adopt FAS
166 and FAS 167 for Call Report purposes in accordance with
the effective date of these two standards. Also, FAS 166 has
modified the criteria that must be met in order for a transfer of
a portion of a financial asset, such as a loan participation, to
qualify for sale accounting. These changes apply to transfers of
loan participations on or after the effective date of FAS 166.
Therefore, banks with a calendar year fiscal year must account
for transfers of loan participations on or after January 1, 2010,
in accordance with FAS 166. In general, loan participations
transferred before the effective date of FAS 166 (January 1,
2010, for calendar year banks) are not affected by this new
accounting standard and pre-FAS 166 participations that
were properly accounted for as sales under FASB Statement
No. 140 will continue to be reported as having been sold.
ASC Topic 740 (formerly FASB Interpretation No. 48 on Uncertain
Tax Positions) – FASB Interpretation No. 48, Accounting for
20

2011, Volume 5, No. 2

Quarterly Banking Profile
Uncertainty in Income Taxes (FIN 48), was issued in June 2006
as an interpretation of FASB Statement No. 109, Accounting
for Income Taxes. Under FIN 48, the term “tax position” refers
to “a position in a previously filed tax return or a position
expected to be taken in a future tax return that is reflected in
measuring current or deferred income tax assets and liabilities.” FIN 48 further states that a “tax position can result in
a permanent reduction of income taxes payable, a deferral of
income taxes otherwise currently payable to future years, or
a change in the expected realizability of deferred tax assets.”
FIN 48 was originally issued effective for fiscal years beginning after December 15, 2006. Banks must adopt FIN 48 for
Call Report purposes in accordance with the interpretation’s
effective date except as follows. On December 31, 2008, the
FASB decided to defer the effective date of FIN 48 for eligible nonpublic enterprises and to require those enterprises to
adopt FIN 48 for annual periods beginning after December
15, 2008. A nonpublic enterprise under certain conditions is
eligible for deferral, even if it opted to issue interim or quarterly financial information in 2007 under earlier guidance
that reflected the adoption of FIN 48.
ASC Topic 718 (formerly FASB Statement No. 123 (Revised 2004)
and Share-Based Payments – refer to previously published
Quarterly Banking Profile notes: http://www2.fdic.gov/qbp/
2008dec/qbpnot.html
ASC Topic 815 (formerly FASB Statement No. 133 Accounting for
Derivative Instruments and Hedging Activities) – refer to previously published Quarterly Banking Profile notes: http://www2.fdic.
gov/qbp/2008dec/qbpnot.html
Accounting Standards Codification – In June 2009, the FASB
issued Statement No. 168, The FASB Accounting Standards
CodificationTM and the Hierarchy of Generally Accepted
Accounting Principles (FAS 168), to establish the FASB
Codification as the single source of authoritative nongovernmental U.S. generally accepted accounting principles (U.S.
GAAP). The FASB Codification reorganizes existing U.S.
accounting and reporting standards issued by the FASB and
other related private-sector standard setters, and all guidance
contained in the FASB Codification carries an equal level of
authority. All previously existing accounting standards documents are superseded as described in FAS 168. All other
accounting literature not included in the FASB Codification
is nonauthoritative. The FASB Codification can be accessed
at http://asc.fasb.org/. The FASB Codification is effective for
interim and annual periods ending after September 15, 2009.
This is an FFIEC reference guide at http://www.ffiec.gov/pdf/
ffiec_forms/CodificationIntroduction_201006.pdf.

Assets securitized and sold – total outstanding principal balance
of assets securitized and sold with servicing retained or other
seller- provided credit enhancements.
Capital Purchase Program (CPP) – As announced in October
2008 under the TARP, the Treasury Department purchase of
noncumulative perpetual preferred stock and related warrants
that is treated as Tier 1 capital for regulatory capital purposes
is included in “Total equity capital.” Such warrants to purchase common stock or noncumulative preferred stock issued
by publicly-traded banks are reflected as well in “Surplus.”
Warrants to purchase common stock or noncumulative preferred stock of not-publicly-traded bank stock classified in a
bank’s balance sheet as “Other liabilities.”
Construction and development loans – includes loans for all property types under construction, as well as loans for land acquisition and development.
Core capital – common equity capital plus noncumulative perpetual preferred stock plus minority interest in consolidated
subsidiaries, less goodwill and other ineligible intangible
assets. The amount of eligible intangibles (including servicing
rights) included in core capital is limited in accordance with
supervisory capital regulations.
Cost of funding earning assets – total interest expense paid on
deposits and other borrowed money as a percentage of average
earning assets.
Credit enhancements – techniques whereby a company attempts
to reduce the credit risk of its obligations. Credit enhancement may be provided by a third party (external credit
enhancement) or by the originator (internal credit enhancement), and more than one type of enhancement may be
­associated with a given issuance.
Deposit Insurance Fund (DIF) – the Bank (BIF) and Savings
Association (SAIF) Insurance Funds were merged in 2006 by
the Federal Deposit Insurance Reform Act to form the DIF.
Derivatives notional amount – the notional, or contractual,
amounts of derivatives represent the level of involvement in
the types of derivatives transactions and are not a quantification of market risk or credit risk. Notional amounts represent
the amounts used to calculate contractual cash flows to be
exchanged.
Derivatives credit equivalent amount – the fair value of the
derivative plus an additional amount for potential future credit exposure based on the notional amount, the remaining
maturity and type of the contract.
Derivatives transaction types:
Futures and forward contracts – contracts in which the buyer
agrees to purchase and the seller agrees to sell, at a specified future date, a specific quantity of an underlying variable or index at a specified price or yield. These contracts
exist for a variety of variables or indices, (traditional agricultural or physical commodities, as well as currencies and
interest rates). Futures contracts are standardized and are
traded on organized exchanges which set limits on counterparty credit exposure. Forward contracts do not have
standardized terms and are traded over the counter.
Option contracts – contracts in which the buyer acquires the
right to buy from or sell to another party some specified
amount of an un­derlying variable or index at a stated price
(strike price) during a period or on a specified future date,
in return for compensation (such as a fee or premium).

DEFINITIONS (in alphabetical order)

All other assets – total cash, balances due from depository
institutions, premises, fixed assets, direct investments in real
estate, investment in unconsolidated subsidiaries, customers’
liability on acceptances outstanding, assets held in trading
accounts, federal funds sold, securities purchased with agreements to resell, fair market value of derivatives, prepaid
deposit insurance assessments, and other assets.
All other liabilities – bank’s liability on acceptances, limited-life
preferred stock, allowance for estimated off-balance-sheet credit
losses, fair market value of derivatives, and other liabilities.
Assessment base – assessable deposits consist of DIF deposits
(deposits insured by the FDIC Deposit Insurance Fund) in
banks’ domestic offices with certain adjustments.
FDIC Quarterly

21

2011, Volume 5, No. 2

The seller is obligated to purchase or sell the variable or
index at the discretion of the buyer of the contract.
Swaps – obligations between two parties to exchange a
series of cash flows at periodic intervals (settlement dates),
for a specified period. The cash flows of a swap are either
fixed, or determined for each settlement date by multiplying the quantity (notional principal) of the underlying
variable or index by specified reference rates or prices.
Except for currency swaps, the notional principal is used
to calculate each payment but is not exchanged.
Derivatives underlying risk exposure – the potential exposure
characterized by the level of banks’ concentration in particular underlying instruments, in general. Exposure can result
from market risk, credit risk, and operational risk, as well as,
interest rate risk.
Domestic deposits to total assets – total domestic office deposits
as a percent of total assets on a consolidated basis.
Earning assets – all loans and other investments that earn
interest or dividend income.
Efficiency ratio – noninterest expense less amortization of
intangible assets as a percent of net interest income plus noninterest income. This ratio measures the proportion of net
operating revenues that are absorbed by overhead expenses,
so that a lower value indicates greater efficiency.
Estimated insured deposits – in general, insured deposits are total
domestic deposits minus estimated uninsured deposits. Begin­
ning March 31, 2008, for institutions that file Call reports,
insured deposits are total assessable deposits minus estimated
uninsured deposits. Beginning September 30, 2009, insured
deposits include deposits in accounts of $100,000 to $250,000
that are covered by a temporary increase in the FDIC’s standard maximum deposit insurance amount (SMDIA).
Failed/assisted institutions – an institution fails when regulators
take control of the institution, placing the assets and liabilities into a bridge bank, conservatorship, receivership, or
another healthy institution. This action may require the
FDIC to provide funds to cover losses. An institution is
defined as “assisted” when the institution remains open and
receives assistance in order to continue operating.
Fair Value – the valuation of various assets and liabilities on
the balance sheet—including trading assets and liabilities,
available-for-sale securities, loans held for sale, assets and
­liabilities accounted for under the fair value option, and foreclosed assets—involves the use of fair values. During periods
of market stress, the fair values of some financial instruments
and nonfinancial assets may decline.
FHLB advances – all borrowings by FDIC insured institutions
from the Federal Home Loan Bank System (FHLB), as reported by Call Report filers and by TFR filers.
Goodwill and other intangibles – intangible assets include
­servicing rights, purchased credit card relationships, and other
identifiable intangible assets. Goodwill is the excess of the
purchase price over the fair market value of the net assets
acquired, less subsequent impairment adjustments. Other
intangible assets are recorded at fair value, less subsequent
quarterly amortization and impairment adjustments.
Loans secured by real estate – includes home equity loans,
junior liens secured by 1-4 family residential properties, and
all other loans secured by real estate.
Loans to individuals – includes outstanding credit card balances
and other secured and unsecured consumer loans.
FDIC Quarterly

Long-term assets (5+ years) – loans and debt securities with
remaining maturities or repricing intervals of over five years.
Maximum credit exposure – the maximum contractual credit
exposure remaining under recourse arrangements and other
seller-provided credit enhancements provided by the reporting bank to securitizations.
Mortgage-backed securities – certificates of participation in
pools of residential mortgages and collateralized mortgage
obligations issued or guaranteed by government-sponsored or
private enterprises. Also, see “Securities,” below.
Net charge-offs – total loans and leases charged off (removed
from balance sheet because of uncollectibility), less amounts
recovered on loans and leases previously charged off.
Net interest margin – the difference between interest and dividends earned on interest-bearing assets and interest paid to
depositors and other creditors, expressed as a percentage of
average earning assets. No adjustments are made for interest
income that is tax exempt.
Net loans to total assets – loans and lease financing receivables, net of unearned income, allowance and reserves, as a
percent of total assets on a consolidated basis.
Net operating income – income excluding discretionary transactions such as gains (or losses) on the sale of investment securities and extraordinary items. Income taxes subtracted from
operating income have been adjusted to exclude the portion
applicable to securities gains (or losses).
Noncurrent assets – the sum of loans, leases, debt securities,
and other assets that are 90 days or more past d­ue, or in nonaccrual status.
Noncurrent loans & leases – the sum of loans and leases 90 days
or more past due, and loans and leases in nonaccrual status.
Number of institutions reporting – the number of institutions
that actually filed a financial report.
New charters – insured institutions filing quarterly financial
reports for the first time.
Other borrowed funds – federal funds purchased, securities sold
with agreements to repurchase, demand notes issued to the
U.S. Treasury, FHLB advances, other borrowed money, mortgage indebtedness, obligations under capitalized leases and
trading liabilities, less revaluation losses on assets held in
trading accounts.
Other real estate owned – primarily foreclosed property. Direct
and indirect investments in real estate ventures are excluded.
The amount is reflected net of valuation allowances. For institutions that file a Thrift Financial Report (TFR), the valuation
allowance subtracted also includes allowances for other repossessed assets. Also, for TFR filers the components of other real
estate owned are reported gross of valuation allowances.
Percent of institutions with earnings gains – the percent of institutions that increased their net income (or decreased their
losses) compared to the same period a year earlier.
“Problem” institutions – federal regulators assign a composite
rating to each financial institution, based upon an evaluation
of financial and operational criteria. The rating is based on a
scale of 1 to 5 in ascending order of supervisory concern.
“Problem” institutions are those institutions with financial,
operational, or managerial weaknesses that threaten their
continued financial viability. Depending upon the degree of
risk and supervisory concern, they are rated either a “4” or
“5.” The number and assets of “problem” institutions are
based on FDIC composite ratings. Prior to March 31, 2008,
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Quarterly Banking Profile
for institutions whose primary federal regulator was the OTS,
the OTS composite rating was used.
Recourse – an arrangement in which a bank retains, in form or
in substance, any credit risk directly or indirectly associated
with an asset it has sold (in accordance with generally accepted accounting principles) that exceeds a pro rata share of the
bank’s claim on the asset. If a bank has no claim on an asset
it has sold, then the retention of any credit risk is recourse.
Reserves for losses – the allowance for loan and lease losses on
a consolidated basis.
Restructured loans and leases – loan and lease financing receivables with terms restructured from the original contract.
Excludes restructured loans and leases that are not in compliance with the modified terms.
Retained earnings – net income less cash dividends on common and preferred stock for the reporting period.
Return on assets – bank net income (including gains or losses
on securities and extraordinary items) as a percentage of average total (consolidated) assets. The basic yardstick of bank
profitability.
Return on equity – bank net income (including gains or losses
on securities and extraordinary items) as a percentage of average total equity capital.
Risk-based capital groups – definition:
(Percent)

Tier 1
Risk-Based
Capital*

Total
Risk-Based
Capital*

Well-capitalized
Adequately
capitalized
Undercapitalized
Significantly
undercapitalized
Critically
undercapitalized

Tier 1
Leverage

Tangible
Equity

≥10

and

≥6

and

≥5

–

≥8
≥6

and
and

≥4
≥3

and
and

≥4
≥3

–
–

<6

or

<3

or

<3

–

–

and

Effective April 1, 2009, the initial base assessment rates are
12 to 45 basis points. An institution’s total assessment rate
may be less than or greater than its initial base assessment
rate as a result of additional risk adjustments.
The base assessment rates for most institutions in Risk
Category I are based on a combination of financial ratios and
CAMELS component ratings (the financial ratios method).
For large institutions in Risk Category I (generally those with
at least $10 billion in assets) that have long-term debt issuer
ratings, assessment rates are determined by equally weighting
the institution’s CAMELS component ratings, long-term debt
issuer ratings, and the financial ratios method assessment rate.
For all large Risk Category I institutions, additional risk factors are considered to determine whether assessment rates
should be adjusted. This additional information includes
­market data, financial performance measures, considerations
of the ability of an institution to withstand financial stress,
and loss severity indicators. Any adjustment is limited to no
more than one basis point.
Effective April 1, 2009, the FDIC introduced three possible
adjustments to an institution’s initial base assessment rate:
(1) a decrease of up to 5 basis points for long-term unsecured
debt and, for small institutions, a portion of Tier 1 capital;
(2) an increase not to exceed 50 percent of an institution’s
assessment rate before the increase for secured liabilities in
excess of 25 percent of domestic deposits; and (3) for nonRisk Category I institutions, an increase not to exceed 10
basis points for brokered deposits in excess of 10 percent of
domestic deposits. After applying all possible adjustments,
minimum and maximum total base assessment rates for each
risk category are as follows:
Total Base Assessment Rates*

>2

Risk
Category
I

Risk
Category
II

Risk
Category
III

Risk
Category
IV

Initial base
assessment rate

12–16

22

32

45

Unsecured debt
adjustment

-5  – 0

-5–0

-5  – 0

-5– 0

Secured liability
adjustment

0  – 8

0  –11

0  –16

0  –22.5

Brokered deposit
adjustment

–

0  –10

0  –10

0  –10

Total base
assessment rate

7–24.0

17–43.0

27–58.0

40–77.5

≤2

–

* As a percentage of risk-weighted assets.

Risk Categories and Assessment Rate Schedule – The current risk
categories became effective January 1, 2007. Capital ratios
and supervisory ratings distinguish one risk category from
another. The following table shows the relationship of risk
categories (I, II, III, IV) to capital and supervisory groups as
well as the initial base assessment rates (in basis points),
­effective April 1, 2009, for each risk category. Supervisory
Group A generally includes institutions with CAMELS
­composite ratings of 1 or 2; Supervisory Group B generally
includes institutions with a CAMELS composite rating of 3;
and Supervisory Group C generally includes institutions with
CAMELS composite ratings of 4 or 5. For purposes of riskbased assessment capital groups, undercapitalized includes
institutions that are significantly or critically undercapitalized.

*All amounts for all risk categories are in basis points annually. Total base rates that are
not the minimum or maximum rate will vary between these rates.

Beginning in 2007, each institution is assigned a risk-based
rate for a quarterly assessment period near the end of the
quarter following the assessment period. Payment is generally
due on the 30th day of the last month of the quarter following the assessment period. Supervisory rating changes are
effective for assessment purposes as of the examination
­transmittal date. For institutions with long-term debt issuer
ratings, changes in ratings are effective for assessment pur­
poses as of the date the change was announced.
Special Assessment – On May 22, 2009, the FDIC board
approved a final rule that imposed a 5 basis point special
assessment as of June 30, 2009. The special assessment was

Supervisory Group
Capital Category
1. Well Capitalized
2. Adequately Capitalized
3. Undercapitalized

FDIC Quarterly

A

I
12–16 bps
II
22 bps

B

C

II
22 bps

III
32 bps

III
32 bps

IV
45 bps
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2011, Volume 5, No. 2

levied on each insured depository institution’s assets minus its
Tier 1 capital as reported in its report of condition as of June
30, 2009. The special assessment was collected September 30,
2009, at the same time that the risk-based assessment for the
second quarter of 2009 was collected. The special assessment
for any institution was capped at 10 basis points of the institution’s assessment base for the second quarter of 2009 riskbased assessment.
Prepaid Deposit Insurance Assessments – In November 2009, the
FDIC Board of Directors adopted a final rule requiring insured
depository institutions (except those that are exempted) to
prepay their quarterly risk-based deposit insurance assessments
for the fourth quarter of 2009, and for all of 2010, 2011, and
2012, on December 30, 2009. Each institution’s regular riskbased deposit insurance assessment for the third quarter of
2009, which is paid in arrears, also is payable on December
30, 2009.
Risk-weighted assets – assets adjusted for risk-based capital
definitions which include on-balance-sheet as well as off-­
balance-sheet items multiplied by risk-weights that range from
zero to 200 percent. A conversion factor is used to assign a
balance sheet equivalent amount for selected off-balancesheet accounts.
Securities – excludes securities held in trading accounts.
Banks’ securities portfolios consist of securities designated
as “held-to-maturity,” which are reported at amortized cost
(book value), and securities designated as “available-for-sale,”
reported at fair (market) value.
Securities gains (losses) – realized gains (losses) on held-to-­
maturity and available-for-sale securities, before adjustments
for income taxes. Thrift Financial Report (TFR) filers also
include gains (losses) on the sales of assets held for sale.
Seller’s interest in institution’s own securitizations – the reporting
bank’s ownership interest in loans and other assets that have
been securitized, except an interest that is a form of recourse
or other seller-provided credit enhancement. Seller’s interests
differ from the securities issued to investors by the securitization structure. The principal amount of a seller’s interest is
generally equal to the total principal amount of the pool of
assets included in the securitization structure less the principal amount of those assets attributable to investors, i.e., in the
form of securities issued to investors.
Subchapter S Corporation – a Subchapter S corporation is treated as a pass-through entity, similar to a partnership, for federal income tax purposes. It is generally not subject to any
federal income taxes at the corporate level. This can have the
effect of reducing institutions’ reported taxes and increasing
their after-tax earnings.
Temporary Liquidity Guarantee Program (TLGP) – was approved
by the FDIC Board on October 13, 2008. The TLGP was
designed to help relieve the crisis in the credit markets by
giving banks access to liquidity during a time of global financial distress. Participation in the TLGP is voluntary. The
TLGP has two components:
Transaction Account Guarantee Program (TAGP) provides a full
guarantee of non-interest-bearing deposit transaction
accounts above $250,000, at depository institutions that
elected to ­participate in the program. On August 26,
2009, the FDIC Board voted to extend the TAGP six
months beyond its ­original expiration date to June 30,
2010. On April 13, 2010, the FDIC Board adopted an
FDIC Quarterly

interim rule extending the TAG program for six months
through December 31, 2010, with a possibility of an additional 12-month extension, through December 31, 2011.
(Section 343 of the Dodd-Frank Wall Street Reform and
Consumer Protection Act (Dodd-Frank Act) provides
temporary unlimited insurance coverage to noninterestbearing transaction accounts at all FDIC-insured institutions. The separate coverage for these accounts becomes
effective on December 31, 2010, and ends on December
31, 2012.)
Debt Guarantee Program (DGP) provides a full guarantee of
senior unsecured debt1 issued by eligible institutions after
October 14, 2008. Initially, debt issued before June 30,
2009, and maturing on or before June 30, 2012, could be
guaranteed. On March 17, 2009, the deadline for issuance
under the program was extended to October 31, 2009, and
the ­expiration of the guarantee was set at the earlier of
maturity of the debt or December 31, 2012. Institutions
­eligible for participation in the debt guarantee program
include insured depository institutions, U.S. bank holding
companies, certain U.S. savings and loan holding companies, and other affiliates of an insured depository institution that the FDIC designates as eligible entities. The
FDIC Board adopted a final rule on October 20, 2009,
that established a limited six-month emergency guarantee
facility upon expiration of the DGP.
Trust assets – market value, or other reasonably available
value of fiduciary and related assets, to include marketable
securities, and other financial and physical assets. Common
physical assets held in fiduciary accounts include real estate,
equipment, collectibles, and household goods. Such fiduciary
assets are not included in the assets of the financial
institution.
Unearned income & contra accounts – unearned income for Call
Report filers only.
Unused loan commitments – includes credit card lines, home
equity lines, commitments to make loans for construction,
loans secured by commercial real estate, and unused com­
mitments to originate or purchase loans. (Excluded are
­commitments after June 2003 for originated mortgage loans
held for sale, which are accounted for as derivatives on the
balance sheet.)
Volatile liabilities – the sum of large-denomination time deposits, foreign-office deposits, federal funds purchased, securities
sold under agreements to repurchase, and other borrowings.
Yield on earning assets – total interest, dividend, and fee
income earned on loans and investments as a percentage of
average earning assets.

Senior unsecured debt generally includes term Federal funds
purchased, promissory notes, commercial paper, unsubordinated
unsecured notes, certificates of deposit (CDs) standing to the credit of
a bank, and U.S. dollar denominated bank deposits owed to an insured
depository institution.
1

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2011, Volume 5, No. 2