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Aif li11
1973
operating ratios
of second district member banks
FEDERAL RESERVE BANK of NEW YORK
FED E R A L R ESER VE BANK
OF NEW YORK
March 29, 1974
To A ll Member Banks in the
Second Federal Reserve District:
Recently, your chief executive officer received a copy of your bank’s
1973 and 1972 individual operating ratios. We are now pleased to send
you this report on the 1973 operating ratios of member banks in the Second
Federal Reserve District, prepared by our Regulations and Bank Analysis
Department.
We believe you will find this report useful in analyzing your operating
performance and comparing it with the average results for banks of similar
size and character. The report also includes comparable 1972 operating
ratios.
If you have any questions about this report, you may contact our Regula
tions and Bank Analysis Department.
Additional copies will be furnished upon request.
A l f r e d H ayes,
President.
CONTENTS
Tables
Page
Income and Expenses of Second District Member Banks, 1972-1973...................................
2
1973 Average Operating Ratios of Member Banks in the Second Federal Reserve District
3
1973 Average Operating Ratios of Second District Member Banks—
With Deposits under $5 Million..........................................................................................
4
With Deposits of $5 Million to $10 Million.......................................................................
5
With Deposits of $10 Million to $50 Million.....................................................................
6
With Deposits of $50 Million to $150 Million..................................................................
8
With Deposits of $150 Million and Over...........................................................................
9
Notes to ta b le s..............................................................................................................................
10
Explanatory Remarks
All ratios are expressed in percentages and are arithmetic
averages of the ratios of individual banks in each category,
rather than ratios based on aggregate dollar figures. Operat
ing ratios that are less than .01 per cent are not shown. Ratios
may not always add to totals because of rounding. Condition
report figures used are averages of amounts reported for
December 1972, June 1973, and December 1973.
On pages 4-9, the columns headed “ Highest Quartile” in
dicate average ratios for those banks in the top 25 per cent,
when ranked by the ratio of net income to total assets (ratio
11) ; in order to maintain confidentiality, however, no less
than three banks are represented in the quartile. On page 4,
in the table containing average operating ratios of member
cent; accordingly, this ratio breakdown is not shown in the
table.
Income and Expenses of Second District Member Banks
1972-1973
(In millions of dollars)
All Second D istrict
m em ber banks
N ew Y ork C ity
m oney m arket banks *
A ll other Second D istrict
m em ber banks
Item
1973
1972
1973
1972
1973
Number of banks at year-end.........................................
333
335
9
9
324
1972
326
Current operating revenue:
On loans..........................................................................
7 ,3 1 3 .8
4 ,6 9 5 .0
4 ,9 6 4 .5
2 ,9 0 9 .7
2 ,3 4 9 .3
1 ,7 8 5 .3
On U. S. Government securities.................................
5 9 6.7
4 3 8.5
288.9
239.2
3 0 7 .8
199.3
On other securities.........................................................
651.3
7 6 7.0
318.7
347.6
33 2.6
419.4
Service charges on deposit accounts..........................
15 7.8
153.4
59 .1
56 .1
9 8 .7
9 7 .3
Trust department earnings..........................................
4 5 0 .6
4 3 9 .0
3 3 9 .8
3 3 6 .2
11 0.8
102.8
Other operating earnings.............................................
1 ,0 0 9 .3
739.1
85 4 .0
61 7.3
155.3
121.8
Total current operating revenue....................
1 0 ,1 7 9 .5
7 ,2 3 2 .0
6 ,8 2 5 .0
4 ,5 0 6 .1
3 ,3 5 4 .5
2 ,7 2 5 .9
Salaries and wages— officers and employees.............
1 ,5 3 6 .7
1 ,4 3 2 .2
9 4 2.5
885.3
5 94.2
546.9
Pensions and other employee benefits.......................
33 6 .0
3 0 0.6
218.2
195.8
117.8
104.8
Interest on time and savings deposits.......................
3 ,4 7 8 .8
2 ,0 6 1 .9
2 ,2 2 6 .0
1 ,1 2 2 .9
1 ,2 5 2 .8
93 9.0
Interest on borrowed m on ey.......................................
1 ,3 4 1 .5
5 0 6.5
1 ,0 6 4 .4
39 0 .6
27 7.1
115.9
Occupancy expenses of bank premises, n et..............
4 0 4 .8
3 5 4 .6
24 0.9
214.1
163.9
140.5
Furniture and equipment— depreciation, rents, etc.
182.3
167.4
102.1
9 6 .6
8 0 .2
7 0 .8
Provision for loan losses...............................................
287.9
212.3
207.4
137.0
8 0 .5
7 5 .3
Other operating expenses.............................................
9 1 3.2
7 5 3.9
571.4
4 5 1.5
3 4 1.8
3 02.4
Total current operating expenses...................
8 ,4 8 1 .2
5 ,7 8 9 .4
5 ,5 7 2 .9
3 ,4 9 3 .8
2 ,9 0 8 .3
2 ,2 9 5 .6
Net current operating earnings...................................
1 ,6 9 8 .3
1 ,4 4 2 .6
1 ,2 5 2 .1
1 ,0 1 2 .3
4 4 6.2
4 30.3
Applicable income taxes...............................................
44 7 .5
3 5 2.0
3 7 3 .8
282.1
7 3 .7
6 9 .9
87 8.3
73 0.2
3 7 2 .5
3 6 0 .4
14.1
2 .9
4 .7
86 4.2
72 7.3
Current operating expenses:
Income before securities gains or losses....................
Net securities gains or losses.......................................
Net income before extraordinary item s....................
Extraordinary charges or credits................................
Net incom e.........................................................
1 ,0 9 0 .6
1 ,2 5 0 .8
-
18 .8
+
1 ,0 9 4 .2
1 ,2 3 2 .0
+
6 .0
1 ,2 3 8 .0
3 .6
+
8 .8
1 ,1 0 3 .0
-
—
8 6 4.2
+
6 .1
7 3 3.4
+
3 6 6 .9
3 6 7 .8
+
6 .0
3 7 3 .8
6 .5
+
2 .7
3 6 9 .6
* D eposits over $1 billion.
S ou rce:
In com e and expenses are derived from the year-end Report of Income subm itted b y m em ber banks in the Second Federal Reserve District.
2
1973 Average Operating Ratios of Member Banks in the Second Federal Reserve District
All
Second
District
Member
Banks*
PROFITABILITY
All other banks with deposits of—
Money
Market
Banks**
Under
$5
Million
$5-$10
Million
$10-$50
Million
$150
Million
and Over
$50-$150
Million
1973
1972
1973
1972
1973
1972
1973
1972
1973
1972
1973
1972
1973
1972
322
325
9
9
21
23
31
40
136
131
63
62
62
60
Number of banks.............
Percentage of Equity Capital Including All Reserves
9.42
9 .39
9.23
9.59
10.26
10.06
9.05
9.19
5.49
5.41
5.52
5.82
9 .58
9 .46
7.33
7.87
9.15
9.13
9.61
10.04
9.97
9.83
9 .29
9.64
10.61
10.70
11.06
11.18
34.71
35.44
47.95
51.48
21.89
28.64
22.83
19.71
27.82
30.50
39.53
36.56
52.30
55.77
6.65
1.50
2.66
.28
1.24
5.69
.79
.78
6.02
1.42
2 .30
.25
1.08
5.06
.77
.80
6.49
1.20
2.04
.26
1 .81
5.32
.80
.79
4 .89
1.28
1.14
.26
1.17
3.86
.74
.75
6.50
1.69
2.35
.27
1.34
5.66
.64
.63
5.95
1.56
2.06
.21
1.16
5.00
.68
.71
6.74
1.69
2.55
.26
1.16
5.68
.84
.83
5.99
1.56
2.21
.24
1.07
5.09
.66
.71
6.62
1.47
2.72
.26
1.20
5.67
.78
.77
6.09
1.36
2 .48
.23
1.04
5.12
.78
.81
6.71
1.49
2.86
.28
1.12
5.77
.79
.78
6.09
1.44
2.39
.27
1.02
5.14
.80
.83
6.67
1.44
2.56
.32
1.40
5.72
.82
.83
6.02
1.43
2.11
.29
1.20
5.05
.85
.85
10.13
11.45
3 .47
5.21
18.20
18.10
14.84
16.02
11.11
12.31
7.52
8 .88
6.53
7 .56
3.43
3 .68
1.26
1.01
1.32
1.78
2.95
4.25
3 .9 8
4 .09
3 .55
3.9 6
3 .3 5
3.21
9.24
1.21
68.67
7.30
10.42
1.27
65.06
8.09
4.46
.45
72.43
17.90
7.28
.67
63.27
22.53
6 .78
1.33
68.19
4.19
8.06
1.88
65.15
5.00
6.84
1.31
68.12
5.90
7 .02
1.06
64.55
7.07
9.41
1.35
67.95
6.17
10.72
1.57
64.87
6.40
10.37
1.09
69.56
7.88
11.67
.86
65.89
8.71
10.43
1.04
69.23
9.42
12.12
1.04
65.21
10.83
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
3.27
3.84
.72
1.05
2 .55
3.61
4.21
3.34
3.69
3.87
4 .15
1.28
2.48
19.20
18.88
20.17
3.41
3.08
3 .50
40.91
42.75
39.30
.43
1.35
3.79
4.25
2.29
1.67
13.62
14.26
83.99
85.97
.05
.30
.23
14.02
16.01
15.85
12.92
11.96
13.39
.13 +
+ .60 .30
+ .01 + .03 4- .08
13.53
11.86
13.80
3 .15
2 .50
3 .72
3.00
19.97
3.90
35.03
2.79
4 .95
1. Income after taxes and before securities gains (losses)" ..
Percentage of N e t Income
SOURCES A N D D ISP OSITION OF INCOM E
Percentage of Total Assets
10. Income after taxes and before securities gains (losses)0. .
Percentage of Total O p eratin g Income
13. Interest on securities of U. S. Govt, agencies &
14. Interest on obligations of States and political
19. Service charges on deposit accounts'i (part of item 1 7 ) .........
2.14
4.17
2.06
14.34
85.29
.19
14.70
12.12
.11
+
.06
12.06
6.10
5.67
5.77
5.31
6.15
5.38
6.50
5.73
6.20
5.78
5.99
5.33
5.09
6.97
6.27
2.02
2.11
3.22
3 .56
5.62
5.48
4.23
7.89
4.13
6.85
4.57
6.73
4.42
6.59
3.65
9.30
4.43
4.80
3.81
7.83
3.81
6.39
4.30
8.51
5.98
.17 -
9.95
.35 -
7.88
.50 -
9.48
.21 -
8.14
.14 -
8.84
.25 -
3.31
29. Interest on capital notes and debenturesd (part of item 2 7 ) ..
31. Income after taxes and before securities gains (losses)0. .
32. Net securities gains ( + ) or losses ( —) after tax effect...
3 .58
.50
21.84
3.30
37.55
20.36
3.36
38.11
1.06
4.20
2.40
14.54
84.07
.17
15.92
12.91
+
.47
+
.01
13.40
23.45
3 .30
4.06
2.75
9.76
82.17
.52
17.82
12.28
.20
12.07
23.57
8.61
5.38
2.93
12.68
79.26
.90
20.73
14.97
34.57
.48
4.12
3.43
16.31
86.29
23.01
3.26
37.02
.05
3.82
83.93
85.91
13.70
16.06
16.77
14.08
10.35
11.45
13.23
10.66
.22 +
.51 .16 +
.75
+
.16
+
.04
15.13
10.12
11.96
13.11
11.42
41.26
.75
3.98
2.12
15.06
85.34
.09
14.65
12.04
.10
+ .04
11 .97
4 .72
1.87
13 .34
85.66
.43
14.34
12.47
.05
+ .17
12.59
.45
16.25
14.13
+ .26
.07
14.32
5.55
5.82
5.67
5.93
5.73
6.02
5.58
4.24
7.20
4.43
7.39
4.06
7.57
4.22
6.73
4.00
6.45
7.75
.26 -
8.55
.17 -
7.65
.23
RATES OF RETURN O N SECURITIES A N D LO AN S
Return on Securities/
36. Interest on securities of U. S. Govt, agencies &
37. Interest on obligations of States and political
Return on Loans#
40. Net losses ( —) or recoveries ( + ) on loans.......................
-
8.84
.23
-
7.68
.27
-
8.54
.28
-
-
8.50
.22
-
7.47
.32
DISTRIBUTION OF ASSETS
Percentage of Total Assets
10.75
3.57
13.74
1.08
57.07
10.98
1.62
42. Securities of other U. S. Govt, agencies & corporations-^.
12.06
3.53
14.98
1.10
3 .86
1.18
6.33
4.71
.88
7.93
.50
18.57
1.52
10.10
1.08
54.11
19.59
1.63
10.12
1.92
53.35
12.13
11.70
4.13
14.92
3.62
10.27
1.25
57.65
10.38
1.59
17.40
4.17
10.08
1.00
53.62
11.45
1.69
57.12
9.92
1.58
9.83
1.54
3.06
17.88
29.20
10.93
1.55
.91
27.78
1.01
2.73
20.66
26.91
14.10
27.95
12.60
7.76
.10
48.63
7.62
35.86
7.72
.07
50.65
8 .40
33.13
34.87
9.58
12.12
25.82
17.60
36.60
11.63
13.87
26.63
11.24
33.00
5.93
15.67
26.57
18.80
4 81
14.97
27.83
16.58
37.96
2.77
18.70
27.61
12.92
9 .15
59.85
8.85
59.56
8.23
37.04
8.77
14.22
57.42
11.57
56.13
10.48
59.49
10.46
60.01
9.00
62.25
5.13
4 .85
7.94
4.37
10.51
7.39
7.21
26.56
8.32
22.85
5.98
4.75
14.70
4.04
20.85
7.58
19.28
7.84
368,638
36,941
330,851
33,692
8,706,030
914,617
7,730,996
834,109
3,476
465
7,613
896
1.78
12.69
3.95
15.24
1.28
8.40
3.57
15.69
1.74
9.57
3.76
17.44
.78
55.08
10.67
1.70
3.34
16.05
11 71
1.66
7 .90
3 .07
18.03
.91
54.85
11.77
1.63
DISTRIBUTION OF LO A N S
Percentage of Gross Loans *7
38.07
33.98
.33
29 89
9.43
37.99
1.36
20.82
29.94
9.87
"
4.75
32.87
.34
26.25
26.68
13.83
8.52
8.23
62.29
8 .18
61.29
8.15
56.45
8.18
55 .50
4.23
4.95
17.83 — 7 .55
7.53
7.85
4 .44
5.24
- 1 9 .9 7
5.38
6.84
4 .43
9 .50
7.34
7,511 24,762
925
2,393
24,778
2,328
511,625
45,896
491,746
44,185
OTHER R ATIOS
55. Interest on time and savings deposits to total time
-
7.42
4 .40
7.42 7.40
IN TH O U S AN D S OF DOLLARS
Notes are on page 10.
3
3,420
612
7,172
77,687
7,083
Member Banks with Deposits under $5 Million
Time deposits to total deposits
60 per cent and under
Group
Average
PROFITABILITY
Percentage of Equity Capital Including All Reserves
Over 60 per cent
Highest
Quartile
Group
Average
Highest
Quartile
1973
1972
1973
1973
1972
1973
13
16
6
8
7
3
Numbei of banks. . . .
1. Income after taxes and before securities gains (losses)0............
2. Net income.....................................................................................
6.04
5.75
4.99
5.16
5.21
5.24
4.61
4.86
6.75
7.36
6.37
6.45
25.62
29.78
23.45
15.85
26.06
14.85
6.51
1.73
2.17
.28
1.25
5.42
.88
.84
5.90
1.66
1.90
.20
1.21
4.96
.66
.67
6.51
1.58
1.84
.25
1.39
5.08
1.00
.99
6.49
1.63
2.66
.27
1.50
6.07
.27
.30
6.08
1.34
2.44
.24
1.08
5.10
.73
.80
1.64
2.72
.35
1.33
6.05
.30
.31
20.26
16.73
21 .01
14.88
21.26
10.43
1.86
2.11
.16
.45
1.05
.04
8.14
1.81
62.82
5.14
7.78
1.46
66.41
5.52
5.70
3 .28
65.44
4.40
4.57
.55
76.91
2.65
8.72
2.85
62.29
3.82
8.18
.37
77.86
3.14
YO U R
BANK
Percentage of N et Income
3. Cash dividends declared................................................................
SOURCES A N D DISPO SITIO N OF INCOM E
Percentage of Total Assets
4.
S.
6.
7.
8.
9.
10.
11.
Total operating income.................................................................
Salaries, wages, and fringe benefits..............................................
Interest on deposits........................................................................
Net occupancy expense of bank premises....................................
All other operating expenses.........................................................
Total operating expenses...............................................................
Income after taxes and before securities gains (losses)0............
Net income......................................................................................
Percentage of Total O p e ra tin g Income
12. Interest on U. S. Treasury securities...........................................
13. Interest on securities of U. S. Govt, agencies &
corporations................................................................................
14. Interest on obligations of States and political
subdivisions.................................................................................
15. Interest and dividends on all other securities.............................
16. Interest and fees on loans6............................................................
17. All other operating income*..........................................................
18.
Total operating incom e.............................................................
100.00
100.00
100.00
100.00
100.00
100.00
19.
20.
21.
22.
23.
24.
25.
26.
27.
28.
29.
30.
31.
32.
33.
34.
Service charges on deposit accountsd (part of item 1 7 ) ....................
Trust department incomed (part of item 1 7 ) ....................................
3 .09
4 .08
3.41
1.68
2.56
2 .46
Salaries and w ages.........................................................................
Officer and employee benefits......................................................
Interest on deposits......................................................................
Interest on borrowed m oney.......................................................
Net occupancy expense of bank premises...................................
Provision for loan losses (n e t)......................................................
All other operating expenses.........................................................
Total operating expenses...........................................................
Interest on capital notes and debentures* {part of item 27) ..............
Income before taxes and securities gains (losses)3 .....................
Income after taxes and before securities gains (losses)0 ............
Net securities gains ( + ) or losses ( —) after tax effect..............
All other additions and subtractions (net)e ................................
Net incom e......................................................................................
23.24
3.18
32.89
.72
3.99
4.17
13.64
81.83
25.16
3.00
32.14
.12
3.33
6.88
13.57
84.20
21.61
2.56
28.42
.06
3.91
6.97
14.23
77.79
22.23
2.91
41.02
.10
4.33
2.25
20.67
93.54
19.54
2.50
40.15
.48
3.84
1.09
15.73
83.35
22.90
2.87
41.70
.13
5.77
1.36
19.25
94.01
6.45
4.09
.46
16.65
12.43
+ 1.12
.01
13.54
_
—
—
—
18.17
14.20
.65
15.80
11.03
+
.24
_
_
22.20
15.54
.06
—
—
_
_
—
—
_
+
-
5.99
3.81
.10
.01
3.91
13.55
11.27
15.48
6.03
5.39
5.90
6.35
5.38
1.70
1.97
1.06
2.56
2.46
_
4.47
4.49
5.13
4.58
7.36
2.33
4 .30
4.06
2.93
4.63
4.55
RATES OF RETURN O N SECURITIES A N D LO A N S
Return on Securities/
35. Interest on U. S. Treasury securities...........................................
36. Interest on securities of U. S. Govt, agencies &
corporations................................................................................
37. Interest on obligations of States and political
subdivisions.................................................................................
38. Interest and dividends on all other securities.............................
6.19
14.36
5.85
Return on Loans£
39. Interest and fees on loans.............................................................
40. Net losses ( —) or recoveries ( + ) on loans..................................
-
9.75
.40
7.91
-
.62
-
9.27
.57
10.29
-
.28
-
7.82
.22
-
12.35
.18
DISTRIBUTION O F ASSETS
Percentage of Total Assets
41.
42.
43.
44.
45.
46.
47.
U. S. Treasury securities-''..............................................................
Securities of other U. S. Govt, agencies & corporations-'..........
Obligations of States and political subdivisions^........................
All other securities-'........................................................................
Gross loans4.....................................................................................
Cash assets......................................................................................
Real estate assets...........................................................................
20.77
17.77
2.06
22.28
.22
15.01
2.26
.33
23.75
.64
11.75
10.15
7.81
7.43
10.07
1.51
48.64
1.28
54.49
2.48
.38
62.99
50.78
13.67
13.09
52.10
14.08
1.15
.98
.95
2.82
34.63
36.01
33.03
10.85
11.15
11.21
27.79
13.85
14.77
9.48
20.60
22.11
11.07
52.01
11.08
47.01
3.90
9.95
.98
.38
62.58
9.36
3.88
35.25
7.52
37.95
41.57
12.76
5.24
11.72
19.98
25.81
24.01
10.62
20.43
19.67
5.28
22.13
17.97
69.47
10.46
3.38
11.11
.04
12.41
DISTRIBUTION OF LO A N S
P ercentage of Gross Loans b
48.
49.
50.
51.
52.
Real estate loans.............................................................................
Loans to fa rm e rs ......................................................................................
Commercial and industrial lo a n s .................. .....................................
C onsum er loans to in d iv id u a ls ............................................................
All other lo a n s b.........................................................................................
12.36
25.83
16.33
OTHER R ATIOS
53. Total capital accounts and reserves to total assets'1....................
54. Time and savings deposits to total deposits ....................
55. Interest on time and savings deposits to total time
deposits .........................................................
56. Income taxes to net income plus income taxes' ................
57. Interest and fees on loans excluding Federal fu n d s...................
12.23
51.75
17.47
12.74
66.66
65.56
4.59
16.29
7.87
21.78
3.65
20.30
7.81
5.02
12.13
7.72
18.73
7.56
7.66
4.93
8.35
7.76
3,347
475
3,570
441
2,986
354
3,537
835
3,262
519
3,867
836
4.39
IN TH O U S A N D S OF DOLLARS
58. Average total deposits...................................................................
59. Average equity capital including all reserves ...................
Notes are on page 10.
4
100.00
M e m b er B an k s with D eposits o f $ 5 M illio n to $ 1 0 M illio n
Time deposits to total deposits
Under 50 per cent
Group
Average
PROFITABILITY
50-60 per cent
Highest
Quartile
Group
Average
Over 60 per cent
Group
Average
Highest
Quartile
1973
1972
1973
1973
1972
1973
1973
4
6
3
11
11
3
16
Number of banks.........
Highest
Quartile
1972
YO U R
BANK
1973
23
4
Percentage of Equity Capital Including All Reserves
1. Income after taxes and before securities gains (losses)®. .
2. Net income...........................................................................
10.37
8.97
3.59
3 .86
10.49
10.54
11.88
11.74
9 .98
10.79
15.48
16.50
7.80
8.02
7.04
7.52
8.06
8.33
36.40
25.20
33.93
20.91
16.98
18.22
20.75
19.59
11.57
5.93
1.87
1.48
.24
1.15
4.75
.89
.79
5.46
1.90
1.34
.25
1.44
4.95
.29
.31
5.80
1.82
1.51
.23
.95
4.52
.95
.96
6.52
1.70
2.26
.22
.93
5.11
1.03
1.01
6.06
1.59
2.15
.27
.99
5.01
.81
.87
6.33
1.43
2.26
.19
.78
4.67
1.30
1.38
7.10
1.65
3.02
.30
1.32
6.30
.70
.72
6.09
1.45
2.47
.22
1.02
5.17
.69
.74
7.07
1.69
3.22
.47
1.40
6.78
.63
.66
28.88
23.69
32.83
15.06
18.47
6.56
11.19
12.86
10.20
.59
.93
.76
4.11
5.34
3.39
2.75
4.60
3.61
8.32
.32
55.22
6.62
4.45
.49
63.98
6.45
8.56
.19
52.37
5.26
6.78
1.85
65.12
7.05
7.16
1.51
59.02
8.49
11.89
6.33
63.02
8.80
6.51
1.18
73.41
4.93
7.62
1.00
67.34
6.55
9.47
.44
72.51
3.75
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
4.54
4.63
.84
29.52
5.14
24.76
3 .46
3 .80
4.69
1.90
3 .19
2.64
26.20
5.25
26.29
.14
4.02
.73
15.45
78.09
23.09
2.85
34.83
.27
3.37
1.48
12.23
78.15
23.47
2.64
35.68
.04
4.46
1.20
15.04
82.55
19.95
2.69
35.82
19.69
3.30
42.48
.10
4.06
2.41
15.43
87.48
3.87
2.49
21.09
3.08
40.86
.07
4.02
1.53
15.80
86.48
Percentage of Net Income
3. Cash dividends declared.....................................................
SOURCES A N D D IS P O SITIO N O F INCOM E
Percentage of Total Assets
4.
5.
6.
7.
8.
9.
10.
11.
Total operating income.......................................................
Salaries, wages, and fringe benefits...................................
Interest on deposits.............................................................
Net occupancy expense of bank premises.........................
All other operating expenses..............................................
Total operating expenses....................................................
Income after taxes and before securities gains (losses)®. .
Net income...........................................................................
Percentage of Total O p eratin g Income
12. Interest'on U. S. Treasury securities................................
13. Interest on securities of U. S. Govt, agencies &
corporations......................................................................
14. Interest on obligations of States and political
subdivisions......................................................................
15. Interest and dividends on all other securities..................
16. Interest and fees on loans6.................................................
17. All other operating income'................................................
18.
Total operating income...................................................
19. Service charges on deposit accountsd (part of item 17)........
20. Trust department incomed (part of item 17)........................
21. Salaries and wages...............................................................
22. Officer and employee benefits.............................................
23. Interest on deposits.............................................................
24. Interest on borrowed money..............................................
25. Net occupancy expense of bank premises.........................
26. Provision for loan losses (net)............................................
27. All other operating expenses..............................................
28.
Total operating expenses................................................
29. Interest on capital notes and debentures6 (part of item 27)..
30. Income before taxes and securities gains (losses)” ..........
31. Income after taxes and before securities gains (losses)®. .
32. Net securities gains ( + ) or losses ( —) after tax effect...
33. All other additions and subtractions (net)*.....................
34. Net income...........................................................................
27.00
4.53
25.32
.10
4.13
1.00
18.03
80.15
19.85
15.03
- 1.49
4 .60
2.82
23.04
89.92
10.08.
5.86
-41
21.90
16.39
.09
13.52
6 .28
16.47
21.84
16.16
.27
-04
15.93
6.66
5.52
6.56
6.25
1.75
2.08
2.23
3.15
4.06
5.05
4.22
6.44
4.14
5.62
4.12
4.70
+
+
+
+
+
17.45
13.39
1.04
.03
14.47
3.02
.89
11.05
73.45
5 .87
1.20
17.33
92.38
22.15
12.51
10.76
.24
.05
11.07
6.32
5.93
6.63
5.50
7.47
4 .05
5.52
3.63
3.72
3 .3 8
3.74
5.51
4 .20
6.08
3.53
10.67
3 .74
6.81
3.48
19.87
+
26.54
20.93
1.21
20.17
2.89
44.90
+
+
+
-
13.51
10.61
.70
.01
11.30
+
7.62
10.95
.43
11.39
RATES OF RETURN O N SECURITIES AN D LO AN S
Return on Securities/
35. Interest on U. S. Treasury securities................................
36. Interest on securities of U. S. Govt, agencies &
corporations......................................................................
37. Interest on obligations of States and political
subdivisions......................................................................
38. Interest and dividends on all other securities..................
Return on Loans £
39. Interest and fees on loans...................................................
40. Net losses ( —) or recoveries ( + ) on loans.......................
-
8.03
.12
-
8.09
.36
-
7.60
.09
-
9.31
.04
-
8.21
.02
-
11.35
.04
-
9.95
.35
-
8.11
.15
-
10.32
.31
DISTRIBUTION OF ASSETS
Percentage of Total Assets
41.
42.
43.
44.
45.
46.
47.
U. S. Treasury securities'...................................................
Securities of other U. S. Govt, agencies & corporations'.
Obligations of States and political subdivisions'..............
All other securities'...........................
Gross loans6.................................
Cash assets......................................
Real estate assets...............................
25.86
1.06
11.55
.57
45.05
14.04
1.80
21.58
1.22
6.70
.59
51.64
14.69
2 .18
29.33
.69
11.18
.29
43.33
13.37
1.73
15.08
4.80
10.37
1.53
54.88
11.77
1.46
18.75
4 .95
9.80
1.22
50.47
13.05
1.57
7.12
4.11
17.57
4.96
49.74
15.23
1.04
12.08
3.44
9.88
1.24
62.70
8.50
1.63
15.66
4.57
11.10
1.00
55.64
9.83
1.62
9 .78
5.72
14.00
.22
61.06
7.39
1.21
14.43
5.31
23.70
34.64
21.90
11.70
3.41
30.45
24.56
29.85
8.54
6.65
20.01
40.19
24.59
34.24
8.58
14.44
24.81
17.91
41.04
4.29
13.87
23.12
17.66
30.73
10.40
11.02
16.92
30.92
36.80
4 .26
14.51
25.77
18.65
39.56
5.42
11.45
30.93
12.61
35.75
3.15
13.06
24.90
23.12
8.84
35.71
12.04
38.68
9.48
36.94
8.91
55.69
8.75
56.01
8.56
53.45
11.96
68.04
10.86
67.48
14.24
71.31
4 .60
26.88
7 .30
4.08
21.09
7.33
4.54
23.55
7.03
4.54
26.46
7.59
4.29
20.48
7.49
4.62
19.66
7.47
5.19
12.45
8.16
4 .24
15.71
7.60
8,709
863
8,229
1,223
8,740
937
7,083
781
7,097
696
6,679
607
7,209
983
7,522
956
DISTRIBUTION O F LO AN S
P ercentage of Gross Loans b
48.
49.
50.
51.
52.
Real estate loans................................................
Loans to farmers.............................................
Commercial and industrial loans......................
Consumer loans to individuals..............
All other loans6.........................................
OTHER RATIOS
53. Total capital accounts and reserves to total assets*.
54. Time and savings deposits to total deposits..
55. Interest on time and savings deposits to total time
deposits....................................................
56. Income taxes to net income plus income taxes’ . .
57. Interest and fees on loans excluding Federal funds..
-
5.52
1.53
8.03
IN TH O USA N D S OF DOLLARS
58. Average total deposits...................................
59. Average equity capital including all reserves.......
Notes are on page 10.
5
6,851
1,152
100.00
M e m b er B an k s with D eposits o f
Time deposits to total deposits
50-55 per cent
Under 50 per cent
Group
Average
PR OFITABILITY
Number of banks. . . .
Group
Average
Highest
Quartile
55-60 per cent
Highest
Quartile
Group
Average
1973
1972
1973
1973
1972
1973
1973
1972
10
8
3
21
16
5
21
18
Percentage of Equity Capital Including All Reserves
1. Income after taxes and before securities gains (losses)0.
2. Net incom e.........................................................................
8.60
9.50
7.53
8.05
12.02
13.00
4 .78
4.6 8
7 .80
8.09
3.82
4.03
5.84
5.71
8.42
8.83
26.37
20.03
8.96
18.90
30.35
31.23
31.58
29.83
6.87
1.90
1 .97
.35
1.65
5.90
.72
.76
5.89
1.63
1.64
.31
1.75
5.34
.36
.41
6.69
1.58
1.65
.25
1.60
5.08
1.23
1.31
6.54
1.75
2.26
.34
1.71
6.07
.43
.42
5.96
1.63
1.95
.30
1.17
5.05
.65
.68
6.55
1.50
2 .22
.30
1.64
5.68
.57
.60
6.70
1.76
2.55
.34
1.41
6.07
.55
.53
6.00
1.47
2.22
.23
1.12
5.05
.76
.79
9.93
19.45
11.65
12.89
15.54
15.97
12.66
10.62
4 .20
1.53
1.49
3 .70
5.53
1.00
4.35
3.32
3.81
.38
73.03
8.63
11.31
.27
60.36
7.06
6.56
.41
70.59
9.28
8.42
1.38
67.28
6.29
8.45
1.66
60.93
7.87
11.15
.18
64.84
6.82
7.74
.45
68.01
6.76
9.74
67.99
7.41
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
4.60
1 .08
24.37
3.32
28.89
1.58
5.13
1.63
20.68
85.62
.09
14.37
10.66
+
.67
4.22
.35
24.82
2 .38
28.27
4.03
5 .18
5.38
19.91
90.00
.15
9.99
7.00
+ 1.13
.18
7 .94
3 .06
3.80
1.28
22.77
4.10
34.63
1.61
5.24
4 .85
19.24
92.47
.21
7.53
7.12
.29
5.02
1.07
23.25
4.05
32.88
.17
5.06
2.51
16.72
84.68
.11
15.31
11.13
.44
.04
11.62
4.20
3.70
.35
22.16
3 .84
38.19
.90
5.02
2.40
17.39
89.93
4.36
1.78
21.38
3.12
37.10
.10
3 .9 8
3.17
15.16
84.03
10.07
8.68
.08
.12
8.46
15.96
12.78
+
.66
.08
13.36
Percentage of N e t Income
3. Cash dividends declared...................................................
SOURCES A N D D IS P O SITIO N O F IN CO M E
Percentage of Total Assets
4.
5.
6.
7.
8.
9.
10.
11.
Total operating incom e.......................................................
Salaries, wages, and fringe benefits...................................
Interest on deposits.............................................................
Net occupancy expense of bank premises.........................
All other operating expenses...............................................
Total operating expenses....................................................
Income after taxes and before securities gains (losses)1*..
Net incom e...........................................................................
Percentage of Total O p e ra tin g Income
12. Interest on U. S. Treasury securities................................
13. Interest on securities of U. S. Govt, agencies &
corporations......................................................................
14. Interest on obligations of States and political
subdivisions.......................................................................
15. Interest and dividends on all other securities..................
16. Interest and fees on loans4 .................................................
17. All other operating incom e'................................................
18.
Total operating income...................................................
19.
20.
21.
22.
23.
24.
25.
26.
27.
28.
29.
30.
31.
32.
33.
34.
Service charges on deposit accounts'1 (part of item 17)........
Trust department income4 (part of item 17)........................
Salaries and wages...............................................................
Officer and employee benefits.............................................
Interest on deposits.............................................................
Interest on borrowed m oney..............................................
Net occupancy expense of bank premises.........................
Provision for loan losses (n e t)............................................
All other operating expenses..............................................
Total operating expenses.................................................
Interest on capital notes and debenturesd (part of item 27) . .
Income before taxes and securities gains (losses)3 ..........
Income after taxes and before securities gains (losses)0 . .
Net securities gains ( + ) or losses ( —) after tax effect ...
All other additions and subtractions ( n e t ) '......................
Net incom e...........................................................................
_
11.33
_
19.99
3.65
25.23
3.53
3.56
.48
19.05
75.48
_
24.51
18.66
+ 1.41
—
—
20.08
+
+
6.83
_
19.81
2 .68
34.23
1.63
4.59
9 .10
12.68
84.90
_
15.09
10.25
+
.40
—
10.66
—
_
RATES O F RETURN O N SECURITIES A N D LO A N S
Return on Securities f
35. Interest on U. S. Treasury securities................................
36. Interest on securities of U. S. Govt, agencies &
corporations......................................................................
37. Interest on obligations of States and political
subdivisions.......................................................................
38. I nterest and dividends on all other securities..................
5.77
5.50
5.13
6.09
5.77
6.49
6.19
5.58
4.76
2.89
2.05
4.73
4.89
2 .25
4.91
8.56
3.71
13.82
4.71
6.16
3.17
6 .2 8
3.92
8 .96
4.34
3 .57
5.71
3.90
6 .60
3.85
5.42
6.68
Return on Loans t
39. Interest and fees on loans...................................................
40. Net losses ( —) or recoveries ( + ) on loans.......................
-
10.02
.67
-
8 .16
.93
-
12.12
.03
-
9.21
.6 5 ,
-
7.51
.31
-
9.59
1.36
-
8.47
.11
-
7.70
.42
D ISTRIBU TION OF ASSETS
Percentage of Total Assets
41.
42.
43.
44.
45.
46.
47.
U. S. Treasury securities/ ...................................................
Securities of other U. S. Govt, agencies & corporations-^.
Obligations of States and political subdivisions-''..............
All other securities/ ..............................................................
Gross loans6..........................................................................
Cash assets...........................................................................
Real estate assets.................................................................
11.53
4.69
19.68
1.63
14.56
1.80
13.70
15.66
16.00
13.47
3.66
5.75
.30
61.50
13.50
13.53
.23
9.53
.45
11.93
5.07
12.03
49.52
51.36
4.62
11.62
.50
57.32
13.23
57.46
13.69
1.12
55.62
1.10
15.11
.21
1.38
1.51
25.41
1.68
11.40
1.69
1.43
12.07
1.65
53.98
11.18
1.58
9 .98
1.61
11.33
2 .78
14.94
.82
57.33
10.26
1.71
D ISTRIBUTION O F LO A N S
Percentage of Gross Loans b
48.
49.
50.
51.
52.
Real estate loans..................................................................
Loans to farmers..................................................................
Commercial and industrial loans.......................................
Consumer loans to individuals...........................................
All other loans6.....................................................................
32.77
1.31
27.27
1.26
37.70
1.01
29.09
1.24
2.37
19.13
24.31
31.03
19.27
17.41
29.91
22.45
28.17
27.54
15.73
21.57
15.62
37.14
24.10
12.79
19.67
18.95
27.76
11.21
31.10
12.55
8 .40
43.21
8.25
43.42
11.27
41.47
10.69
9.15
52.29
52.08
9.37
57.95
57.60
5.16
-82 .2 3
8.22
4.39
15.39
4 .73
5.03
4.26
5.04
22.12
17.30
7.13
5.01
- 2.46
7.89
-4 3 .5 1
7.97
18.93
7.43
8.26
7.87
4.35
11.69
7.44
29,238
27,038
2,595
27,549
3,134
24,505
2,735
27,275
2,674
25,461
23,149
23,547
3,267
2,363
2,201
25.04
2.31
28.55
.55
28.46
9.78
39.27
35.55
3.38
OTHER R ATIO S
53. Total capital accounts and reserves to total assets*..........
54. Time and savings deposits to total deposits.....................
55. Interest on time and savings deposits to total time
56. Income taxes to net income plus income taxes*..............
57. Interest and fees on loans excluding Federal funds.........
11.00
51.92
8.72
IN T H O U S A N D S O F DOLLARS
59. Average equity capital including all reserves....................
2,445
Notes are on page 10.
6
$ 1 0 Million to $ 5 0 Million
Time deposits to total deposits
65-70 per cent
60-65 per cent
Group
Average
Highest
Quartile
Over 70 per cent
Group
Average
Highest
Quartile
Group
Average
Highest
Quartile
Highest
Quartile
YO U R
BANK
1973
1973
1972
1973
1973
1972
5
29
33
7
26
28
1973
1973
1972
1973
7
29
28
7
6.81
7.50
12.12
11.91
10.41
10.79
16.05
16.59
11.24
11.19
10.75
11.21
15.41
15.83
10.05
10.15
9.91
10.44
12.72
13.60
1.
2.
14.92
29.50
29.54
14.78
29.66
28.91
21.03
28.74
36.73
28.32
3.
6 .65
1.36
2.66
.20
1.36
5.59
.89
.91
6.55
1.40
2.64
.23
.99
5.27
1.05
1.03
6.05
1.35
2.45
.23
.94
4.99
.88
.92
6.74
1.34
2 .53
.21
.84
4.93
1.41
1.46
6.56
1.27
2.93
.20
.98
5.39
.91
.90
6.11
1.25
2.68
.19
.93
5.07
.83
.87
6 .44
1.14
2.72
.17
.73
4 .7 8
1.31
1.35
6 .67
1.17
3 .33
.20
.93
5.65
.83
.84
6.29
1.17
3.04
.20
.92
5.33
.81
.85
6 .59
1.08
3.02
.16
.75
5.02
1.22
1.29
4.
5.
6.
7.
8.
9.
10.
11.
10.92
10.45
12.22
8.79
8.89
10.73
9.00
11.74
11.20
11.87
12.
1.68
1.93
4.12
1.10
6.66
5.37
10.98
3.51
3.19
3.13
13.
10.36
.19
72.28
4.56
12.73
1.65
67.47
5.74
12.38
1.08
63.79
6 .38
14.16
1.73
69.37
4.82
10.07
1.47
66.44
6.44
10.12
1.93
65.72
6 .10
13.98
3.92
53.82
8.28
9.37
1.91
68.46
4 .9 8
11.14
2.56
66.82
5.06
12.45
1.21
68.05
3.27
14.
15.
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
2.44
.46
17.73
2.45
39.91
.04
2.90
2.29
17.33
82.69
—
17.31
13.58
+ 1.02
----14.61
3 .43
.37
18.10
3 .10
40.46
.30
3.51
1.40
13.28
80.18
.07
19.81
16.25
.30
—
15.94
3.89
1.29
18.92
3.27
40.65
.13
3.86
2.14
13.23
82.24
.04
17.75
14.74
+
.60
+
.03
15.37
3.40
—
16.82
2.98
37.59
—
3.12
.59
11.75
72.86
.04
27.13
21.06
+
.55
+
.04
21.66
3.01
2.56
16.60
2.71
44.84
.70
3 .17
1.32
12.82
82.19
.07
17.80
13.97
.13
+
.10
13.93
3.59
1.33
17.48
2.91
44.23
.31
3.11
1.32
13.61
83.00
.04
16.99
13.65
+
.54
+
.01
14.21
2.97
3.47
15.62
2.13
42.34
.35
2.77
.58
10.47
74.29
25.70
20.42
+
.15
+
.41
20.99
2.50
.79
15.07
2.42
50.15
.23
3.10
1.54
12.21
84.76
.09
15.23
12.57
.03
+
.18
12.72
3 .03
1.02
15.91
2.65
48.55
.24
3.15
1.85
12.51
84.88
.05
15.11
12.85
+
.55
+
.09
13.50
1.99
—
13.81
2 .54
45.97
.26
2 .46
.98
10.19
76.23
.35
23.76
18.64
—
6.37
6.30
5.90
6 .45
5.68
5.88
5.46
6.80
4.81
6.97
4 .18
15.93
6.23
5 .94
7.17
5.20
4.30
6.13
4.75
11.09
4.22
7 .98
4.45
24.67
4.45
6.79
4 .13
7.03
4 .40
9.33
4.49
6.72
7.71
.20
10.42
—
12.40
3 .80
17.60
.84
9.52
6.38
14.84
1.19
56.79
8.79
1.61
10.84
5.85
14.31
1.24
56.31
9.09
1.59
10.64
9.79
20.91
2.67
45.84
8.31
1.26
12.00
4.12
13.46
1.88
57.46
8 .96
1.56
12.08
3.03
15.90
2.35
56.86
7.87
1.45
12.15
2.93
16.79
1.56
57.45
7.07
1.66
41.
42.
43.
9.98
1.46
8.39
1.05
21 .62
.67
57.38
9 .2 8
1.26
-
9.02
.28
-
8.97
.11
-
-
8.21
.15
-
7.76
.10
_
-
8 .17
.07
-
8.87
.16
-
16.
17.
100.00
18.
19.
20.
21.
22.
23.
24.
25.
26.
27.
28.
29.
30.
31.
19.66
32.
33.
34.
5 .74
6.17
35.
5.67
6.90
36.
4.45
8.21
4 .9 0
8.67
37.
7.83
.18
+
l .o i
-
8 .44
.05
38.
39.
40.
11.43
2.23
15.11
.20
58.42
10.31
1.32
10.66
1.92
18.16
1.21
56.50
9.53
1.44
35.35
6.40
19.87
26.90
11.46
41.30
1.86
15.23
26.66
14.92
4 2 .IS
1.76
15.90
28.60
11.52
35.00
2 .44
13.71
25.16
23.67
42.88
2.77
17.48
27.31
9.54
39.80
3.23
19.38
27.16
10.40
45.69
3.31
15.68
25.40
9.90
41.47
5.21
12.61
28.48
12.21
40.86
6 .10
11.38
31.77
9.86
45.37
3.22
12.56
29.06
9.77
48.
49.
50.
51.
10.13
58.73
8.92
62.. 70
8.65
62.71
9.12
62.94
8 .25
67.15
8.14
67.23
8.62
66.82
8.46
74.28
8.31
73.75
10.32
74.52
53.
54.
5.15
12.03
7.93
4.74
8.51
7 .80
4.40
10.99
7.44
4 .53
21.31
8.04
4.91
9.91
7.72
4.49
15.07
7.40
4.55
17.91
7.54
5.03
8.80
7 .7 8
4 .63
8.99
7.58
4 .63
16.81
7.63
55.
16,018
1,853
22,754
2,205
24,131
2,340
15,733
1,544
29,442
2,717
25,634
28,925
2,756
22,387
2,047
23,403
22,224
58.
53.33
2,306
7
2,143
2,566 |
44.
45.
46.
47.
52.
56.
57.
59.
M e m b er B a n k s with D eposits o f $ 5 0 M illio n to $ 1 5 0 M illion
Time deposits to total deposits
50-60 per cent
Under 50 per cent
P R O FITABILITY
Group
Average
Highest
Quartile
Group
Average
Over 60 per cent
Highest
Quartile
Group
Average
YO U R
SAN K
Highest
Quartile
1973
1972
1973
1973
1972
1973
1973
1972
1973
7
8
3
16
18
4
40
36
10
11.68
11.96
11.31
11.88
14.11
14.04
9.03
9.27
5.79
6.09
10.64
11.66
10.04
9 .68
10.60
10.91
13.33
13.41
32.75
36.53
45.83
49.08
40.16
43.32
36.90
34.76
32.29
6.61
1.77
1.86
.43
1.18
5.26
.95
.97
5.58
1.62
1.38
.37
.98
4 .37
.90
.94
6.59
1.61
1.79
.54
.83
4.78
1.20
1.19
6.55
1.58
2.53
.27
1.27
5.66
.77
.79
6.04
1.51
2.12
.27
1.16
5.07
.77
.78
6.37
1.46
2.41
.22
1.04
5.15
1.06
1.14
6.79
1.41
3.17
.26
1.05
5.91
.77
.75
6.23
1.37
2.76
.24
.96
5.34
.80
.82
6.82
1.32
3.06
.21
.90
5.49
1.10
1.10
9.36
10.58
9.46
6.74
9.29
6.37
7.51
8.31
8.20
2.30
2.36
1.66
3.91
5.66
3.43
3.63
3.47
4.37
10.64
.30
65.21
12.16
12.02
.41
60.78
13.82
13.32
.42
60.18
14.93
10.89
1.16
68.71
8.56
11.38
1.02
63.28
9.34
13.19
.66
67.22
9.10
10.11
1.20
70.66
6.86
11.74
.87
68.33
7.26
13.25
.56
65.69
7.90
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
4.34
7.65
22.56
4.14
28.33
1.18
6.13
1.79
14.83
78.99
.44
21.00
15.14
+
.23
—
15.37
5.02
8.59
24.12
4.45
24.76
.52
6.44
.71
16.07
77.09
.20
22.90
17.10
+
.16
.65
17.93
3.66
4.77
2.92
21.36
3.70
35.26
.65
4.51
2.92
15.70
84.14
.27
15.85
12.72
+
.36
.11
13.04
3.57
5.10
19.18
3.57
38.01
.66
3.56
1.46
14.11
80.56
.36
19.43
16.80
+ 1.24
—
18.05
3.51
1.33
17.54
3 .28
46.89
1.35
3.95
1.48
12.57
87.07
.23
12.92
11.40
.34
+
.05
11.10
3 .65
1.25
18.69
3.19
44.55
.61
3.97
1.72
12.95
85.71
.21
14.28
12.90
+
.30
+
.05
13.26
3 .70
1.44
16.49
2.87
44.86
.82
3.12
1.15
11.19
80.52
28.50
19.67
.10
—
19.56
3.84
3.07
20.63
3.42
38.72
1.43
4.19
2.10
15.74
86.27
.45
13.72
11.99
+
.24
—
12.23
19.48
16.18
.04
+
.13
16.26
Number of banks.........
Percentage of Equity Capital Including All Reserves
1. Income after taxes and before securities gains (losses)0. .
Percentage of N e t Income
SOURCES A N D D IS P O SITIO N OF IN CO M E
Percentage of Total Assets
4. Total operating income.......................................................
5. Salaries, wages, and fringe benefits...................................
7.
8.
9.
10.
Net occupancy expense of bank premises.........................
All other operating expenses...............................................
Total operating expenses.....................................................
Income after taxes and before securities gains (losses)0. .
Percentage of Total O p e ra tin g Income
12. Interest on U. S. Treasury securities.................................
13. Interest on securities of U. S. Govt, agencies &
14. Interest on obligations of States and political
15. Interest and dividends on all other securities..................
19. Service charges on deposit accounts'1 (part of item 17)........
20. Trust department income? (part of item 17)........................
22. Officer and employee benefits.............................................
25. Net occupancy expense of bank premises.........................
27. All other operating expenses...............................................
29.
30.
31.
32.
33.
Interest on capital notes and debenturesd (part of item 27) . .
Income before taxes and securities gains (losses)” ...........
Income after taxes and before securities gains (losses)0. .
Net securities gains ( + ) or losses ( —) after tax effect...
All other additions and subtractions (n et)*.....................
—
20.67
3.55
27.51
.16
7.17
.07
12.34
71.50
—
—
RATES O F RETURN O N SECURITIES A N D LO A N S
Return on Securities f
35. Interest on U. S. Treasury securities.................................
36. Interest on securities of U. S. Govt, agencies &
5.39
5.43
4.75
5.90
5.62
5.92
6.13
5.55
6.01
4.65
4.71
3.91
6.72
6.13
6.39
5.83
5.75
5.42
5.44
5.21
4.24
4 .96
5.64
5.78
4.21
7.39
3.76
7.27
4.12
11.34
4 .35
7.77
4 .1 8
8.30
4.64
7.91
37. Interest on obligations of States and political
38. Interest and dividends on all other securities..................
Return on Loans i
40. Net losses
( —)
or recoveries ( + ) on loans.......................
-
9.46
.13
-
7.45
.09
+
10.81
.18
-
8.34
.22
-
7.65
.42
-
8.35
.22
-
8.48
.16
-
7 .70
.17
-
8.57
.13
DISTRIBUTION O F ASSETS
Percentage of Total Assets
42. Securities of other U. S. Govt, agencies & corporations'.
43. Obligations of States and political subdivisions'..............
11.03
2.50
13.76
.39
53.06
16.54
1.46
11.03
2.43
15.64
.63
51.22
16.38
1.46
11.30
2.16
15.83
.53
48.09
19.50
1.13
7.44
3.97
16.71
1.07
57.09
10.87
1.87
9.68
5.00
17.64
.83
52.82
11.24
1.83
6.96
3.57
20.29
.35
56.35
10.07
1.42
8.32
3.61
15.62
1.20
59.62
8.95
1.73
9.19
3.44
17.75
.78
57.06
9.12
1.69
9.14
4.29
19.46
.56
54.61
9.14
1.60
20.78
3.30
33.29
20.45
22.16
21.04
3.13
30.39
21.46
24.06
15.90
7.27
26.70
16.69
33.43
39.82
.82
21.69
29.83
7 .82
38.90
.13
21.77
30.32
8.85
44.59
.18
17.60
27.51
10.10
40.40
1.52
18.63
31.57
7.85
41.30
1.58
18.24
31.64
7.22
39.51
2.69
16.60
32.87
8.31
8.94
40.53
8.69
39.34
9.25
40.35
8.77
56.59
8.52
56.27
10.08
56.73
7.89
68.37
7.90
68.68
8.35
68.42
5.31
21.74
7.99
4.07
23.83
6.79
5.18
31.94
7.66
5.11
8.59
7.79
4.29
15.76
7.36
4.85
10.88
7.46
5.28
-3 8 .6 9
8.01
-
4.53
.38
7.55
5.06
13.57
8.08
77,830
7,886
77,775
7,664
82,248
9,390
71,277
6,968
70,930
6,934
85,802
9,769
81,640
7,128
81.046
7,029
73,573
7,021
DISTRIBUTION O F LO A N S
Percentage of Gross Loans b
51. Consumer loans to individuals...........................................
OTHER R ATIO S
53. Total capital accounts and reserves to total assets*..........
54. Time and savings deposits to total deposits.....................
55. Interest on time and savings deposits to total time
56. Income taxes to net income plus income taxes1 ..............
57 Interest and fees on loans excluding Federal funds.........
IN T H O U S A N D S OF DOLLARS
58. Average total deposits.........................................................
59. Average equity capital including all reserves...................
Notes are on page 10.
100.00
M e m b e r B an k s with D eposits o f $ 1 5 0 M illion and O v er
Time deposits to total deposits
Under 50 per cent
Group
Average
PROFITABILITY
50-60 per cent
Group
Average
Highest
Quartile
Over 60 per cent
Highest
Quartile
Group
Average
Highest
Quartile
1973
1972
1973
1973
1972
1973
1973
1972
1973
14
13
4
25
25
6
23
22
3
Number of banks.........
YO U R
BANK
Percentage of Equity Capital Including All Reserves
1. Income after taxes and before securities gains (losses)0. .
2. Net income...........................................................................
10.88
10.77
9.29
9.69
12.63
12.63
9.82
9.85
10.19
10.20
12.32
12.64
11.30
11.56
13.10
13.19
17.60
17.64
60.50
76.51
60.61
53.04
55.79
42.25
49.18
43.49
25.04
6.43
1.56
1.95
.36
1.50
5.38
.86
.86
5.61
1.56
1.47
.33
1.28
4 .66
.78
.81
5.90
1.36
1.67
.29
1.07
4.39
1.22
1.23
6.66
1.50
2.54
.34
1.34
5.74
.78
.79
5.95
1.51
2.07
.31
1.15
5.05
.79
.80
6.62
1.47
2.40
.27
.99
5.14
1.12
1.15
6.82
1.28
2 .9 5
.25
1.40
5.89
.84
.86
6.35
1.27
2.52
.25
1.22
5.27
.95
.95
7.72
1.18
3 .07
.21
1.44
5.90
1.63
1.63
5.44
6.70
6.64
7.10
8.24
8.10
6.55
7.31
5.39
1.79
1.36
.84
2.08
2.12
2.56
5.67
5.55
6.51
10.91
.60
69.49
11.75
11.72
.59
66.22
13.38
16.98
.47
65.69
9.36
10.13
1.17
70.11
9.39
12.38
1.62
65.18
10.45
11.42
2.48
66.52
8.90
10.46
1.15
68.10
8.04
12.06
.64
64.67
9.74
13.31
.50
57.59
16.64
Percentage of N e t Income
3. Cash dividends declared.....................................................
SOURCES A N D DISPO SITIO N O F INCOM E
Percentage of Total Assets
4.
S.
6.
7.
8.
9.
10.
11.
Total operating income.......................................................
Salaries, wages, and fringe benefits...................................
Interest on deposits.............................................................
Net occupancy expense of bank premises.........................
All other operating expenses...............................................
Total operating expenses....................................................
Income after taxes and before securities gains (losses)0. .
Net income...........................................................................
Percentage of Total O p eratin g Income
12. Interest on U. S. Treasury securities................................
13. Interest on securities of U. S. Govt, agencies &
corporations.....................................................................
14. Interest on obligations of States and political
subdivisions......................................................................
15. Interest and dividends on all other securities..................
16. Interest and fees on loans6.................................................
17. All other operating income'................................................
18.
Total operating income...................................................
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
100.00
19.
20.
21.
22.
23.
24.
25.
26.
27.
28.
29.
30.
31.
32.
33.
34.
Service charges on deposit accountsd (part of item 17)........
Trust department income? (part of item 17).......................
Salaries and wages...............................................................
Officer and employee benefits.............................................
Interest on deposits.............................................................
Interest on borrowed money..............................................
Net occupancy expense of bank premises.........................
Provision for loan losses (net)............................................
All other operating expenses..............................................
Total operating expenses................................................
Interest on capital notes and debenturesd (part of item 27) ..
Income before taxes and securities gains (losses)0...........
Income after taxes and before securities gains (losses)0. .
Net securities gains ( + ) or losses ( —) after tax effect...
All other additions and subtractions ( n e t ) '.....................
Net income...........................................................................
3.45
4.01
20.09
4.14
30.45
6.81
5.57
1.94
14.32
83.35
.63
16.64
13.81
.21
+
.11
13.71
3.90
4.91
23.01
4.47
26.75
2.91
5.96
3.88
15.74
82.73
.63
17.26
14.26
+
.48
+
.13
14.87
3.52
3.50
18.82
4.46
28.63
3 .32
4 .94
1.15
13.42
74.76
.33
25.23
20.83
.03
+
.14
20.93
3.52
2.38
18.75
3.92
38.37
4 .3 2
5.09
2.12
13.52
86.12
.22
13.87
11.86
+
.06
+
.03
11.96
4.17
2.57
21.13
4.16
35.11
1.77
5.26
2.36
15.01
84.83
.29
15.16
13.46
+
.32
.24
13.54
4.27
1.97
18.25
3.90
36.39
1 .49
4.14
1.21
12.19
77.60
.20
22.39
17.06
+
.53
2.55
1.86
15.91
3.02
43.51
6.22
3.80
1.53
12.53
86.55
.52
13.44
12.30
.08
+
.35
12.57
3.09
2 .2 8
16.87
3.26
39.82
3.86
3.99
1.95
13.32
83.10
.54
16.89
14.80
+
.06
14.87
2 .16
1.43
13.55
2.55
40.38
4.05
2.91
1.10
12.52
58.73
.67
22.94
20.69
.07
+
.11
20.73
4.93
5.84
6.82
—
17.58
_
RATES OF RETURN O N SECURITIES A N D LO AN S
Return on Securities/
35. Interest on U. S. Treasury securities................................
36. Interest on securities of U. S. Govt, agencies &
corporations......................................................................
37. Interest on obligations of States and political
subdivisions......................................................................
38. Interest and dividends on all other securities..................
5.31
4.97
5.56
5.73
5.88
5.04
5.00
3.12
6.58
5.54
4.11
6.31
3.71
6.62
4.19
5.60
4.19
6.94
4.05
6.39
6.74
4.14
8.62
4.11
6.42
4.32
6.75
5.13
13.12
Return on Loans#
39. Interest and fees on loans...................................................
40. Net losses ( —) or recoveries ( + ) on loans.......................
-
8.51
.29
-
7.26
.48
-
8.08
.16
-
8.35
.24
-
7.27
.31
-
8.37
.15
-
8.66
.14
-
7.81
.23
+
9.87
.03
DISTRIBUTION OF ASSETS
Percentage of Total Assets
41.
42.
43.
44.
45.
46.
47.
U. S. Treasury securities'..................................
Securities of other U. S. Govt, agencies & corporations'.
Obligations of States and political subdivisions'........
All other securities'....................................
Gross loans6...................................................
Cash assets..................................................
Real estate assets...........................................
6.24
1.93
16.28
.62
54.72
15.00
1.70
7.19
1.29
17.34
.48
55.55
14.49
1.70
6.95
.80
23.25
.66
48.77
12.79
1.64
8.15
8.43
9.97
7.08
7.71
5.59
15.76
.94
57.97
11.68
1.73
18.14
1.36
55.26
11.58
1.67
17.51
1.64
55.18
10.62
1.66
16.21
1.05
56.70
9.74
1.55
18.32
.65
53.98
10.39
1.53
19.41
.39
49.14
10.96
1.70
26.18
.22
35.84
23.36
17.13
22.77
.22
36.06
22.21
18.71
32.01
.17
28.59
28.24
20.61
34.49
.18
25.44
26.17
13.70
35.58
.17
23.63
26.76
13.83
35.93
.10
18.60
26.63
18.72
38.17
.56
20.30
26.53
14.42
35.77
.61
23.43
29.23
10.94
38.99
.07
18.02
20.41
22.52
8.64
42.49
8.84
40.35
10.30
40.57
8.17
55.83
8.07
55.12
9.39
56.14
7.83
65.61
7.90
64.60
10.27
68.06
5 .39
10.78
8.52
4.26
15.85
7.11
4.81
9.39
8.85
5.30
19.70
8.15
4.32
7.19
7.21
4.91
22.59
7.97
5.44
3.59
7.91
4 .65
5.46
7 .62
5.44
9.39
8.94
716,558
64,102
723,093
454,710
536,223
466,100
65,465
59,718
49,935
42,204
229,232
23,496
360,145
30,426
384,183
33,863
374,116
39,570
DISTRIBUTION OF LO AN S
Percentage of Gross Loansb
48.
49.
50.
51.
52.
Real estate loans........................................................
Loans to farmers................................................................
Commercial and industrial loans.....................................
Consumer loans to individuals.........................................
All other loans6..............................................................
OTHER RATIOS
53. Total capital accounts and reserves to total assets*...
54. Time and savings deposits to total deposits...............
55. Interest on time and savings deposits to total time
deposits...........................................................................
56. Income taxes to net income plus income ta x e s'..............
57. Interest and fees on loans excluding Federal funds.......
-
-
IN TH O U S A N D S OF DOLLARS
58. Average total deposits...................................................
59. Average equity capital including all reserves.............
Notes are on page 10.
9
100.00
NOTES TO TABLES
a Excludes minority interest in operating income, if any.
b Loans include Federal funds sold and securities pur
chased under agreements to resell.
c Includes net income on trading account securities.
d Averages exclude banks not reporting these items, or
reporting negligible amounts. Ratios are not shown when
fewer than three banks comprise the group.
e Net of tax effect. Includes minority interest in operat
ing income, if any.
f Excludes trading account securities.
g Denominator is average of total loans for the 15 cal
endar days ending with each call date. Loans include Federal
funds sold and securities purchased under agreements to resell.
h Total capital accounts include capital notes and deben
tures, and all valuation reserves.
1 Negative sign (— ) for this ratio reflects tax credit.
*
Excludes eleven member banks whose ratios would have
distorted the averages.
Banks headquartered in Manhattan with deposits over
SI billion.
10
@FedFRASER