The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
1997 Commercial Banks
Product Comparisons
Fil
AftC~ -
711 JAN 2 1 1999
PINMI..Jtlll'IYEMM<
Of MINNEAPILII
FUNCTIONAL COST AND PROFIT ANALYSIS
1997
Commercial Bank
CENTRAL STATES
REGIONAL AVERAGE REPORT
Product Comparisons
Functional Cost & Profit Analysis (FCA)
Jointly copyrighted ® 1998 by the Federal Reserve Banks. No part of this Regional Average Report may be copied, reprinted, or reproduced in whole
or in part without the prior written approval of the Federal Reserve Bank of San Francisco acting as agent for all twelve Reserve Banks.
Based on data furnished by participating banks and thrifts in the following states: Arkansas, Iowa, Illinois,
Indiana, Kansas, Michigan, Minnesota, Mississippi, Oklahoma, South Dakota, Wisconsin and Wyoming.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Central States Regional Average Report, Product Analysis
Commercial Banks, Savings Banks, and Savings and Loan Associations
TABLE OF CONTENTS
INTRODUCTION ........................................................................................................................ i
DEFINITIONS OF TERMS .......................................................................................................... ii
TRANSFER PRICING ............................................................................................................... iii
LOAN BREAK-EVEN FORMULA................. ··· ············· ·· ······· ········ ............................................... V
ALLOCATION OF NON-INTEREST EXPENSES ........................................................................... vii
REPORT ORGANIZATION ... ................ ............ ........ ...... ............. ... .............................. ............. ix
OVERVIEW
Key Performance Indicators ................................................................................................ 1
Interest Rates ......................................................................................................................2
Balance Sheet .....................................................................................................................3
Income Summary .......................... ... ......... ................ ... ......... ....... ........................................ 5
Expense Summary ..............................................................................................................8
LOANS AND INVESTMENTS
Investments ....................................................................................................................... 15
Real Estate Loans Summary ... .... ...... ...... ....... ................................................. .. ... ............. 21
1-4 Family Mortgages ...........................................................................................24
Construction & Land Development Loans ............................................................ 35
Commercial and Other Real Estate Loans .... ........... ... ....... ..... ..... ........................ 39
Home Equity Loans ..............................................................................................49
Installment Loans Summary .............................................................................................. 55
Automobile Loans .................................................................................................58
Student (SLMA) Loans ....... ... ..... ..... .....................................................................67
Other Consumer Loans ... .................. ...... .. ............ ........ .................... ........ ....... .... 73
Commercial Installment Loans ............... ...... ........................................... .......... ... 79
Credit Card Loans ................................................................................................. 89
Commercial Loans Summary .... .. ..................... ..... .... ........ ..... ........................................... 95
Commercial & Industrial Loans ............................................................................. 98
Agricultural Loans ............................................................................................... 103
Small Business Administration (SBA) Loans ........... .. ....... .... .......... ............. ....... 109
Other Commercial Loans .................................................................................... 119
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
DEPOSITS AND OTHER LIABILITIES
Demand Deposits Summary .. .... .. .... ... ........ ....... .. ..... ... ....... .. ..... .... .... ....... ..... .. ....... .. ....... 125
Non-Interest Bearing Checking Accounts .......................................................... 128
Non-Interest Bearing Checking Account Size Analysis (Optional) ....... ............. . 135
Interest Bearing Checking Accounts .................................................................. 136
Interest Bearing Checking Account Size Analysis (Optional) .. ...... .... ............ .... . 143
Savings Deposits Summary ... .... .. .......... .. ..... .... .. ..... .................... .... ..... .. ........ ...... .......... 145
Regular Savings Accounts ................................................................................. 148
Regular Savings Account Size Analysis (optional) ...... .... ......... ....................... ... 154
Money Market Deposit Accounts (MMDAs) ... .. .... .. .. .... ... .................... .. ............. 155
MMDA Size Analysis (optional) .......................................................................... 162
Time Deposits Summary ........ ... ... .... ... ... ...... .. .. ... .... ...... ... .... ....... .. ..... .. ..... .... .... .... ..... ..... 163
Retirement Accounts .......................................................................................... 166
Other Time Deposit Accounts ....... ..... ........ .. .. ........... .. ......... .... .. ..... .............. ...... 172
Certificates of Deposit (CDs) Under $100,000 ...... .. ..... .. ..... .. ............ ................. 177
CDs $100,000 and Over ..... ....... ... .... ...... .... .. ..... ..... ... ... .. ...... ... ....... .. ...... .. .. .... .... 183
Borrowings and Other Liabilities ...................................................................................... 189
OTHER FUNCTIONS
Trust Services ..... .. .... ......... ....... .... ..... ..... .. ... ... .. .. ......... .. .. .... .. ............ .. .. .. ......... ...... .... ... .. 193
Other Services .... ... ... .. ...... .. .... .. .. .... ... ... ... ....... ........... ........ .... ....... ...... ......... .... ... .... ....... .. 197
COST CENTER SUMMARIES AND DISTRIBUTIONS
EFT/ ACH Cost Center ................................................................................................... 201
ATM Cost Center ..... ...... ........ ....... ... ........... ...... ........... .. ... .. ...... .. ... ... ....... .... .. ........... ... ... .204
Facilities Management Cost Center ... ....... ........ ....... ... .... ... ... .... .... .. .... .. ................ ... ...... .207
Human Resources Cost Center ... .... .. ....... ........ .. ......... .... ..... .... ............ .... .... ....... ... .. ....... 210
Proof & Transit Cost Center ..... .. ........ .. ..... ... ... ... .... .. ... .. .......... ........... .. ............ ... ..... ....... 212
Data Processing Cost Center .. .... .. .... ...... ...... ... ..... .... ....... ... ......................... ............. ...... 214
General & Administrative Cost Center .... .... ..... ... .. ........ .... .... ... .. ... ............. .... .. ... .... ... ...... 216
LIST OF PARTICIPATING INSTITUTIONS ..... .. ... ....... .... ....... ....... .. .. ... .. ...... .. .......... .... ....
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Appendix
INTRODUCTION
Institutions that choose to participate in the FCA
program may submit detailed data regarding
activities and expenses at the product level, or
more aggregated data at the product-line level.
The information presented in this booklet was
derived from commercial banks and thrift
institutions that supplied product-level data, which
is why this report is subtitled Product
The companion booklet,
Comparisons.
Commercial Bank Midwestern States Regional
Average Report, Product-Line Comparisons,
presents a more condensed examination of
banking costs and income. That information was
supplied by banks and thrifts providing data at the
product-line level.
The Functional Cost and Profit Analysis (FCA)
program is_a cooperative venture between the
Federal Reserve Banks and participating financial
institutions. FCA provides analyses of income and
cost data by product, product line, and other
banking areas, and compares these data within
each institution from year to year, and with groups
of other institutions on an annual basis.
FCA is designed to serve as a tool for evaluating
performance, and can assist participants in their
efforts to increase earnings, as well as improve
the operational efficiency of their products. The
current format is the result of ongoing review since
the inception of the program in 1957, and reflects
many suggestions offered throughout the years by
participating institutions, industry experts, and
academicians.
FCA Participation
Each participating institution receives a report of
its own current year's operations in a format
resembling that used in this booklet. It also
receives peer averages for two types of
comparison groups:
Cost accounting for financial institutions is not an
exact science.
Because of differences in
methodologies and automation, it can be very
difficult to compare with confidence one
institution's costs with those of another, and at
times impractical even to compare year-to-year
results within an individual institution.
By
presenting a standard approach, FCA helps ease
this problem.
Prior to the development of FCA, there was no
simplified, uniform system of cost accounting for
financial institutions that would require only
minimal data collection and would distribute as
many unallocated expenses as possible. FCA
addresses this need, and provides participants
•with: (1) reasonable approximations of product
and product-line costs,
(2) year-to-year
comparisons, and (3) comparisons with group
averages for similar institutions.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
•
For overall performance, group averages of
banks and thrifts with similar dollar volumes of
earning assets; and
•
For product comparisons, group averages of
banks and thrifts with similar product dollar
volumes and similar ratios of transaction
activity.
Financial institutions that participate two
successive years receive line-by-line comparisons
to their prior year analysis. Additionally, every
FCA participant also receives this booklet, which
most participants use to supplement the group
averages in their own report.
If you are interested in receiving the benefits that
come from participating in FCA, or would like more
information about the program, please call the
FCA Representative from your Federal Reserve
District.
-i-
DEFINITIONS OF TERMS
Item Costs
The product sections of this report present the
calculation of the costs of various activities
involved in maintaining loan and deposit products.
Each activity is assigned a weight which is used to
derive the costs associated with that activity. The
weights, developed through field studies at
financial institutions, are measures of the relative
time and resources used to complete the
activities. The activity requiring the least effort is
assigned a weight of 1.0, and everything else is
then assigned a weight relative to it. The relative
weight is the frequency of the activity multiplied by
the weight. The sum of the relative weights of all
activities is the total relative weights for the
product.
This report provides a great deal of
information concerning financial institution
costs and earnings. Before applying any
information drawn from this report, please
familiarize yourself with FCA's terms and
methodologies. If you have any questions
about these data or how they were derived,
please call the FCA Representative in your
District.
Earning Assets
Earning assets include the total dollar volume of
outstandings within the following asset product
lines: Investments, Real Estate Loans, Installment
Loans and Commercial Loans.
Relative weights are used as the basis for
distributing expenses across activities for a given
product. Each activity is assigned a percentage
based on its share of total relative weights. This
percentage is used to allocate expenses across
activities. Finally, the total expense for each
activity is divided by the volume to produce an
item-cost figure. Please note that the values of
the weights are disclosed only to FCA participants.
Direct Costs
Direct Costs are directly attributable to the
operation of, and activities in, a banking product
For example, the direct costs of a non-electronic
deposit to an interest bearing checking account
would include the teller's time it takes to process
the deposit.
Indirect Costs
Indirect Costs are not directly related to a product
or task, but are incurred in support of a product or
activity .
For example, the salaries of the
personnel that manage the bank facilities would
be an indirect expense applicable to all products
within the institution. Within the FCA Product
Analysis, the net indirect costs are recorded and
presented under seven Cost Centers.
Pre-Income Tax Analysis
Income taxes are not included as expenses in
FCA, because variations in state income tax rates
would bias the comparisons between institutions.
Adjustment for Tax-Exempt Income
To achieve comparability of income before taxes
for different banks, it is necessary to allow for the
fact that a dollar of tax-exempt income is worth
more than a dollar of taxable income. Tax-exempt
income is earned through investments in state and
local municipal bonds, and is adjusted to a taxable
basis by adding tax savings to the amount of taxexempt income.
FTE Personnel
FTE Personnel is a term used throughout this
report in ratios, productivity measures, and
numbers of employees in various functions. FTE
Personnel represents the total full-time equivalent
of all personnel, including officers. For FCA
purposes, a single FTE unit is equal to an
employee working 40 hours a week for 12 months
a year.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
A bank's federal tax liability is calculated by
applying current year tax rates to current earnings.
To convert tax-exempt income to a taxable basis,
FCA a$sumes a 34 percent tax rate on bank
profits for 1997. The factor .51515 (.34/.66) is
multiplied by the tax-exempt income to arrive at a
tax savings. This amount is added to investment
income to convert all tax-exempt income to a
taxable basis and provide pre-income tax earnings
comparability.
ii
TRANSFER PRICING
interest expenses (less fee income) incurred in
obtaining those funds (Charge for Funding
Operations, or CFO).
Funds Transfer Pricing (Interest)
FCA applies funds transfer pricing to all of the
balance sheet products in order to provide each
one with a profitability analysis. This analysis
involves the transfer of the interest expenses of
the funding products to the assets that utilized the
funds. Similarly, the allocation of the interest
income of the assets is credited back to the
funding products.
Similarly, funding products receive not only the
CFF, but also a charge for the non-interest
expenses (less fee income) incurred in investing
and lending those funds (Charge for Portfolio
Operations, or CPO). The CFO and the CPO
provide a view of each product's profitability that
incorporates all income earned and all costs
incurred by the institution.
FCA's Product Analysis utilizes a multiple pool-offunds approach to funds transfer pricing. This
approach assumes that funds are loaned and
invested in assets with similar interest rate
repricing characteristics. FCA collects and pools
balance sheet outstandings by four categories: ( 1)
short-term assets, (2) long-term assets, (3) shortterm liabilities, and (4) long-term liabilities. Shortterm assets and liabilities are those with interest
components that are expected to mature or
reprice within one year; long-term assets and
liabilities are expected to reprice or mature in
more than a year's time, or have no interest rate
component.
Cost of Funds (COF)
The COF is a funds transfer pricing charge levied
on the asset products for their use of funds
supplied by the liability products. In the FCA
Product Analysis, interest expenses are reported
in two pools: interest expense paid on short-term
liabilities, and interest expense paid on long-term
liabilities.
The COF rate is calculated based on the average
interest rate of the short and long-term interest
expense pools and the amounts from each that
are used by the asset products.
In the FCA Product Analysis cost accounting
model, short-term assets are assumed to have
been funded by short-term funds and long-term
assets are assumed to have been funded by longterm funds. However, short (or long) term funds
rarely equal short (or long) term assets, that is,
there is usually a funding gap. FCA allocates this
gap on a product-by-product basis to ensure that
all asset products are fully funded.
Credit for Funds (CFF)
Liability products incur expenses but receive
relatively little revenue. FCA's product analysis
assumes that the liability products should receive
credit for the funds that they collect, because their
real value is in funding the asset products.
Essentially, the CFF is a funds transfer price credit
applied to the liability products for supplying funds
to the asset products.
FCA collects the short-term and long-term interest
income and interest expense for each product to
charge an asset product for the interest expense
of the funds it used (i.e., Cost of Funds, or COF)
and credit a funding product for the interest
income generated by assets it funded (i.e., Credit
•for Funds, or CFF). FCA then calculates the COF
and CFF for each product, based on the average
interest rate of the pools and the short and longterm amounts assigned from the pools to the
product.
In the FCA Product Analysis, interest income is
reported in two pools: interest income earned by
short-term assets, and interest income earned by
long-term assets.
The CFF rate is calculated based on the average
interest rate of the short and long-term interest
income pools, and is credited to the liability
products based upon the amount of long and/or
short-term funds that each provides to the asset
products.
Transfer Pricing (Non-interest)
Another element of the FCA Product Analysis is a
charge for the non-interest expenses (net of fee
income) of the products from the opposing side of
the balance sheet.
Specifically, assets are
charged not only the COF, but also the non-
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
iii
FCA's transfer pricing involves allocating the
income and expenses of the liability products
across the asset products. This results in an
asset-side view of the institution's overall
profitability. Similarly, FCA also allocates the
income and expense of the asset products across
the liability products, providing a liability-side
perspective of the institution's profitability . As a
result, the total profit of the liability products will
equal the total profit of the asset products.
Charge for Funding Operations (CFO)
The CFO is the transfer price levied on the asset
products for the costs of liability operations. The
CFO rate is calculated by dividing the liabilities'
net non-interest expense (operating expense less
fee income) by the total dollar volume of liabilities
and equity. This rate is applied to the dollar
volume outstanding for each asset product.
In this way, the net non-interest expense of the
liabilities operations is charged to the asset
products pro-rata, based upon the dollar volume of
liabilities used by the asset products.
FCA's Product Analysis uses a multiple pool-offunds approach to transfer pricing. This
methodology is a practical and flexible approach
to recognizing volatility and liquidity. It provides
the user the opportunity to use different rates for
providers and users of funds. Also, rates may be
stratified by maturity. As a result, the multiple-pool
method incorporates interest-rate risk into its
analysis. The approach allows additional flexibility,
since users can substitute other market rates for
the derived average rates of the COF and CFF,
and can also modify the CFO and CPO.
Charge for Portfolio Operations (CPO)
The CPO is the transfer price levied on the liability
products for the costs of asset operations. The
CPO rate is calculated by dividing the assets' net
non-interest expense (operating expense less fee
income) by the total asset dollar volume. This rate
is applied to the dollar volume outstanding for
each liability product.
In this way, the net non-interest expense of the
asset operations is charged to the liability products
pro-rata, based upon the dollar volume provided to
the asset products.
Although the multiple pool-of-funds approach may
be more complex than other transfer pricing
techniques, it furnishes results that are close to
market results. The multiple pool-of-funds method
works best when a financial institution has several
providers and users of funds, and the institution's
balance sheet maturity is mixed between core
deposits and purchased funds. This approach
provides valuable profitability information for ·the
typical financial institution operating in today's
competitive and volatile interest rate environment.
Thoughts on Transfer Pricing
Please note that FCA's transfer pricing
methodology provides two distinct views of an
institution's profitability. These two views can be
described as an asset-product perspective and a
liability-product perspective.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Please note that the transfer pricing charges are
shown in italics, and that the memo item shown at
the bottom of each of the product income
statements shows the actual profitability of the
product without the transfer charges.
iv
BREAK-EVEN LOAN FORMULA
FCA participants that submit product-level data receive software that allows them to alter their data and
examine the results using four different models: Customer Profitability, Interest Rate Sensitivity, Contribution
Margin Break-Even, and Loan Break-Even. This booklet provides loan break-even analyses for several loan
types, using the average of the data reported by FCA participants.
FCA's loan break-even formula equates the proceeds of the loan with the costs of making and maintaining
the loan. Costs associated with a loan include: the cost to make a loan, the cost of funds, monthly
maintenance costs, and loan losses (defined in FCA as loan charge-offs, net of recoveries). Revenues
consist of loan payments and any type of up-front fees, penalty fees, service charges, etc.
Note that costs and revenues flow at various points in time, while values may only be compared at the same
point in time. FCA's approach is to equate the initial costs of the loan to the present value of the net cash
flows, or:
Initial Costs = Ca + L.
The initial loan costs include acquisition costs and the initial cash outlay of the loan amount. Loan acquisition
expenses are assumed to occur prior to making the loan and are treated as current expenses. Therefore,
there is no need to use present value discounting techniques here:
Where;
Ca=
L =
Cost to Make a Loan
Loan Amount
The net cash flow attributable to the loan consists of loan payments, net of the cost to maintain the loan over
the payment period. Here, FCA invokes the cost of funds as the relevant discount rate, adjusted for loan
losses and non-interest income. For the sake of simplicity, non-interest income is assumed to be
compounded over the life of the loan, and is also assumed to be a function of the loan size. Please note that
FCA derives a cost to make a loan and a cost to process a loan payment through using weighted averages
of electronic and non-electronic loan applications and loan payments.
Present Value of Future Net Cash Flow =
L' (1P-c
e
+ i )"
11 = /
Where;
i = Cost of Funds+ Loan Loss Rate - Non-interest Income
('i' should be expressed as a rate per payment period),
Cp = Cost to Process a Payment + Monthly Loan Maintenance Cost,
P = Dollar Amount of Loan Payment,
t = Number of Payment Periods Over the Life of the Loan.
n = Base Value (Value at time zero).
Equating initial loan costs to the present value of the future cash flows results in the following:
Ca
+L-~ P-Ce
- ~ (] +. )
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
11
n=I
l
V
Note that the loan payment is the loan amount amortized at the rate of interest charged for the loan:
P=
L
I
j
~(l+m)"
Where;
m = Rate of Interest Charged for the Loan .
Substituting into the equation the above expression for P results in the following:
1
I
c a+
L-
-
LL(]
11 = /
. )II
J
-C
L ---11 = 1
1
I
~
+l
1
P
~
11 = /
--(]
+ . )11
l
(1 + m /"
Solving this expression for L completes the formula for the break-even loan amount:
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
vi
ALLOCATION OF NON-INTEREST EXPENSES
Participants are advised to be as precise as possible when allocating staff and expenses. Expenses not
allocated by the banks, savings banks, and savings and loans are distributed by FCA on the basis of cost
drivers developed from the data of recent participants. FCA distributes non-interest expenses across the
product lines as follows:
Expense
Salaries:
Allocation Method
Allocated completely by the participant to the products and cost centers.
Fringe Benefits:
Allocated completely by the participant to the products and cost centers.
Net Current Loan Losses:
Allocated completely by the participant to the loan products.
Appraisal Fees:
Allocated completely by the participant to the Real Estate Loan products.
Credit Reports:
Allocated by the participant to the loan product lines; FCA then allocates
this expense to the products based on the percent of applications
received for a product within its product line.
Vendor Data Processing (VDP):
Allocated by the participant either to the product-line or product level.
FCA allocates VDP to the product level based on cost drivers
developed from the data of recent participants.
Furniture & Equipment:
If not fully allocated by the participant, FCA allocates the remaining
expense to the products based on the percent of FTE per product,
excluding the Cost Centers.
Printing, Postage & Freight:
If not fully allocated by the participant, FCA allocates the remaining
expense to the products based on the percent of FTE per product,
excluding the Cost Centers.
Telephone & Electronic Access:
If not fully allocated by the participant, FCA allocates the remaining
expense to the products based on the percent of FTE per product,
excluding the Cost Centers.
Occupancy:
If not fully allocated by the participant, FCA allocates the remaining
expense to the products based on the percent of FTE per product,
excluding the Cost Centers.
Professional Fees:
If not fully allocated by the participant, FCA allocates the remaining
expense to the General & Administrative Cost Center.
All Other Expenses:
If not fully allocated by the participant, FCA allocates the remaining
expense to the products based on the percent of FTE per product,
excluding the Cost Centers.
Credit Card Franchise Fees:
Allocated by FCA to the Credit Card loan product.
Outgoing Interchange:
Allocated by FCA to Other Customer Services, Credit Card Merchant
Services.
Return Item Charges:
Allocated by FCA to the Demand Deposit & Other Transaction Account
products based on the relative percent of total withdrawals for each
product.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
vii
Expense
Directors' Fees:
Allocation Method
Allocated by FCA to the General & Administrative Cost Center.
External Exams & Audits:
Allocated by FCA to the General & Administrative Cost Center.
Education & Training :
Allocated by FCA to the Human Resources Cost Center.
Network Expense Fees:
Allocated by FCA to the ATM Cost Center.
FDIC Insurance:
Allocated by FCA to ODA, Savings, and Time Deposit products based
on the percent of outstanding dollar volume reported on the balance
sheet for these products.
Credit Card Fraud Losses:
Allocated by FCA to the Credit Card Loan Product.
Trust Losses:
Allocated by FCA to the Trust Service.
Net Expense by Cost Center (Allocation by Participants is Optional)
Cost Center
EFT/ACH:
Allocation Method
If not fully allocated by the participant, FCA allocates the remaining net
expense to the products based on the number of non-ATM electronic
transactions. If the participant was unable to report electronic and nonelectronic transactions, FCA derived the number of electronic
transactions.
ATM:
If not fully allocated by the participant, FCA allocates the remaining net
expense to the deposit products based on the number of ATM
transactions.
Facilities Management:
If not fully allocated by the participant, FCA allocates the remaining net
expense to the products based on the amount of Occupancy Expense
per product, after the allocation of any unallocated Occupancy
expense.
Human Resources:
If not fully allocated by the participant, FCA allocates the remaining net
expense to the products based on the percent of FTE per product,
excluding the Cost Centers.
Proof & Transit:
If not fully allocated by the participant, FCA allocates the remaining net
expense to the deposit products based on the total number of deposits
(credits) and withdrawals (debits) reported for each product.
Data Processing:
If not fully allocated by the participant, FCA allocates the remaining net
expense to the products based on the percent of total direct noninterest expense allocated to each product, excluding the Cost Centers.
General & Administrative:
If not fully allocated by the participant, FCA allocates the remaining net
expense to the products based on the percent of total direct noninterest expense allocated to each product, excluding the Cost Centers.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
viii
REPORT ORGANIZATION
OVERVIEW
PRODUCT ANALYSES
Pages 1 through 8 present an Overview of the
institutions' overall profitability, and includes
analyses of key-performance indicators, interest
rates, the balance sheet, income, and expenses.
Pages 9 through the end of the report present
product, product-line, and cost-center analyses
under the categories of investments, real estate
loans, installment loans, commercial loans,
demand deposit accounts, savings deposits, time
deposits, borrowings & other liabilities, trust
services, other services, and seven cost centers.
Profitability Ratios
These ratios relate to institution profitability, such
as the net income to total assets (return on
assets) and the net income to equity capital
(return on equity). The net interest margin and net
non-interest margin are calculated by dividing net
interest income and net non-interest income by
the earning assets. These figures show the return
and relative performance of the interest and noninterest components of income. Please note that
these figures are all pre-income tax.
Income Statements
Each of the product and product-line analyses is
presented in the form of two income statements,
one in dollar amounts and the other as
percentages of product or product-line volume.
Please note that the transfer pricing charges are
shown in italics, and that the memo item shown at
the bottom of each of the income statements
shows the actual profitability of the product or
product line without the transfer charges.
Personnel expenses are also italicized, as they
are typically the single largest expense.
The DOA fees to DOA non-interest expense ratio
reveals the portion of DOA non-interest expense
recovered through fees. It is increasingly common
for financial institutions to attempt to cover the
operating costs of demand deposit functions with
fees and other charges: this ratio displays the
success of this effort.
For every product and product line, the net indirect
expenses are shown following the total direct
expenses.
FCA collects the participants'
overhead expenses (less any income) in seven
cost centers, and allocates these net indirect
expenses to the products based on the
methodology described earlier in this booklet.
The non-interest expense to non-interest income
ratio illustrates the importance of fee income for
the entire institution. The non-interest income to
net income ratio is a second measure of the
importance of fee income. Finally, the net loan
losses to total Joans ratio shows the current
default rate of the loan portfolio (charge-offs, net
of recoveries) and provides a comparison for the
loan loss provision rate.
Loan & Deposit Statistics and Item Costs
Following the income statements for the loan and
deposit products, the report presents basic
descriptive statistics, such as the average loan or
account size, number of loans made or accounts
opened , number of applications or deposits
received , etc. These are followed by productivity
measures that depict various aspects of
productivity within the products.
Productivity Ratios
The first ratio, total expense to total income , is an
indicator of the expenses per dollar earned . The
second, net income to FTE personnel, is an
average-personnel productivity measure. The
.third , salary & fringe benefits to non-interest
expense, shows the portion of total non-interest
expense spent on personnel. Finally, the FTE
personnel to million dollars in assets ratio
indicates staffing concentration .
Also included are key item costs, such as the cost
to process a single loan application , loan payment,
check deposit, and account opening , as well as
some average costs, which combine several item
costs to derive the expense of key transactions.
Please note: averaging in the Overall section of
the report is performed on a line-item basis. All
participating institutions may not have reported
each asset, liability, income or expense item,
therefore, totals of individual percents may not
equal 100%. Averaging in the remainder of the
report is based on the number of participating
institutions in the specific asset range .
Funding Ratios
These ratios show the extent to which the loan
portfolio and all earning assets are funded by
deposit accounts, and the degree to which short
and long-term assets are funded by short and
long-term liabilities. This is useful information
when assessing the broad funding structure of an
institution .
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
ix
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
This page left intentionally blank.
KEY PERFORMANCE INDICATORS
PRE-TAX RATIOS
14 Institutions
7 Institutions
Assets up to $150 M
Assets > $150 M
1.64%
15.79%
10.36%
4.35%
(2.40%)
1.86%
19.57%
9.50%
3.95%
(1 .81%)
47.68%
443.66%
41.64%
276.65%
39.94%
0.34%
51.65%
0.27%
43.51%
40.46%
80.29%
$36,562
54.89%
0.45
77.93%
$43,795
52.25%
0.42
83.56%
74.90%
69.80%
108.14%
78.15%
130.99%
86.42%
78.21%
63.83%
111.87%
51.60%
188.16%
PROFITABILITY
Net Income/Total Assets
Net Income/Equity Capital *
Equity Capital/Total Assets*
Net Interest Margin
Net Nonlnterest Margin
ODA Fees/DOA Nonlnterest Expense
Nonlnterest Expense/Nonlnterest Income
Nonlnterest Income/Net Income
Net Loan Losses/Total Loans
Nonlnterest Expense/Total Expense
PRODUCTIVITY
Total Expense/Total Income
Net lncome/FTE Personnel
Salary & Fringe Benefits/Nonlnterest Expense
Average FTE Personnel/$ Million in Assets
FUNDING
Core Deposits/Total Liabilities**
Core Deposits/Total Assets·•
Loans/Deposits
Investments & Loans/Deposits
Short Term Assets/Short Term Liabilities
Long Term Assets/Long Term Liabilities
GENERAL
FTE Personnel
38.14
117.60
Number of Limited Service Offices
2
3
Number of Full Service Offices
2
5
Number of ATMs
3
10
Balance Sheet Items are Yearly Averages.
* Equity Capital includes Loan Loss Reserves.
** Core Deposits include all deposits except CDs $100,000 or more.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
INTEREST RATES
14 Institutions
7 Institutions
Assets up to $150 M
Assets > $150 M
Investments
6.49%
6.83%
Real Estate Loans
8.60%
8.62%
Installment Loans
9.22%
8.97%
Commercial Loans
9.94%
9.14%
Assets
Average Interest Rates
Assets
Investments
Real Estate
Installment
g Assets up to $150 M
■ Assets>
Liabilities
Commercial
$150 M
14 Institutions
7 Institutions
Assets up to $150 M
Assets > $150 M
Demand Deposits
Savings Deposits
Time Deposits
Borrowings*
2.35%
3.33%
5.56%
5.88%
Average Interest Rates
Liabilities
(/)
4
Cl)
cu
a:
2
Demand
Savings
~
Assets up to $150 M
Time
■ Assets>
• Does not include Other Liabilities.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
2
Borrowings
$150 M ,
2.90%
3.57%
5.64%
5.66%
Balance Sheet Composition
Composition of Assets
14 Institutions
7 Institutions
Assets up to $150 M
Assets> $150 M
3%~ 3%
1
34%
1
12%
Cash & Due From
&CIPC
■ Investments
•
2%
=Real Estate
38%
9%
--- ---------------
--
Commercial
____________ ,
Other Assets
31%
c Real
Estate
Iii Installment
Iii Installment
■
II Cash & Due From
&CIPC
■ Investments
4%1
1
■
Commercial
a Other Assets
34%
Composition of Liabilities & Capital
10°/07
14 Institutions
7 Institutions
Assets up to $150 M
Assets > $150 M
10%~
II DOA & Other
7%~
■ Savings
46%
________,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
II ODA & Other
■ Savings
=: Time
:=J Time
II Borrowings &
II Borrowings &
Other
Other
■ Equity
41% -
3
----
■ Equity
Average Balance Sheet
Percent of Total Assets
ASSETS
14 Institutions
7 Institutions
Assets up to $150 M
Assets > $150 M
2.77%
0.49%
2.06%
0.41%
20.94%
6.13%
3.70%
2.22%
1.95%
27.21%
10.08%
2.15%
2.20%
0.00%
16.80%
1.22%
15.24%
1.20%
21.56%
1.15%
12.03%
1.15%
8.27%
0.22%
1.90%
3.07%
1.04%
7.31%
0.00%
3.31%
0.04%
0.55%
9.14%
8.53%
0.56%
0.84%
10.79%
3.89%
0.75%
1.56%
1.90%
1.41%
1.74%
2.12%
9.51%
14.09%
0.34%
8.40%
13.61%
0.44%
8.10%
9.33%
12.98%
7.07%
5.19%
1.61%
28.45%
11.55%
5.91%
0.00%
29.63%
6.49%
Borrowings & Other Liabilities
Federal Funds Purchased
Other Market Instruments & Borrowings
Other Liabilities
Capital Notes and Debentures
0.61%
2.32%
0.84%
0.00%
0.05%
6.66%
0.96%
0.00%
Equity Capital
Common & Preferred Stock
Surplus, Undivided Profits, Contingent & Val. Reserves
0.89%
9.47%
0.77%
8.73%
Cash & Due From Banks
Cash Items in Process of Collection
Investments
U.S. Securities
Tax Exempt Securities & Loans
Other Investments
Federal Funds Sold
Other Liquidity Loans
Real Estate Mortgage Loans
1-4 Family Mortgages
Construction & Land Development
Commercial & Other
Home Equity
Installment Loans
Automobile
Student Loans
Other Consumer
Commercial Installment
Credit Card
Commercial Loans
Commercial & Industrial
Agricultural
SBA
Other Commercial
Other Assets
Building & Equipment
Other Real Estate & Other Assets
LIABILITIES & CAPITAL
Demand Deposits & Other Transaction Accounts
Nonlnterest Bearing Checking
Interest Bearing Checking
Official Checks, Money Orders, etc.
Savings Deposits
Regular Savings
MMDA
T!me Deposits
Retirement
Other Time
CDs Under $100,000
CDs $100,000 and Over
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
4
Product Income Summary
Percent of Total Income
Investments
Interest Income
U. S. Securities
Tax Exempt Securities & Loans
Tax Equivalent Adjustment
Other Investments
Federal Funds Sold
Other Liquidity Loans
Other Income
14 Institutions
7 Institutions
Assets up to $150 M
Assets > $150 M
15.63%
3.98%
2.05%
3.20%
1.46%
1.30%
0.36%
21 .20%
6.51%
3.35%
1.75%
1.45%
0.00%
1.36%
Real Estate Loans
Interest Income
16.89%
1.26%
16.38%
1.37%
1.26%
1-4 Family Mortgages
Construction & Land Development
Commercial & Other
Home Equity
Other Income
21 .87%
1.17%
12.39%
1.32%
0.84%
Installment Loans
Interest Income
Automobile
Student Loans
Other Consumer
Commercial Installment
Credit Card
Incoming Interchange
Other Income
8.78%
0.21%
2.63%
3.08%
1.42%
0.26%
0.44%
7.32%
0.00%
3.81%
0.03%
0.73%
0.27%
0.32%
10.43%
10.81%
0.69%
1.11%
0.20%
11 .35%
4.47%
0.76%
1.89%
0.19%
Commercial Loans
Interest Income
Commercial & Industrial
Agricultural
SBA
Other Commercial
Other Income
Deposits
Service Charges
Nonlnterest Bearing Checking
Interest Bearing Checking
Regular Savings
MMDA
Retirement
Other Time
Penalty Fees
Other Income
Trust
Commission & Fee Income
Corporate Trust Income
Other Fiduciary Income
1.14%
0.33%
0.06%
0.03%
0.00%
0.00%
2.55%
0.26%
1.21%
0.34%
0.09%
0.02%
0.00%
0.00%
2.57%
0.27%
0.11%
0.00%
0.00%
1.51%
0.00%
0.11%
Other Services
Income
0.89%
2.25%
Cost Centers
EFT/ACH
ATM
Facilities Management
G&A
0.04%
0.22%
0.16%
0.03%
0.03%
0.61%
0.39%
0.08%
0.16%
0.23%
Memo: Fee Waivers
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
5
Income Summary Information
14 Institutions
7 Institutions
Assets up to $150 M
Assets > $150 M
Pre-Tax Ratios
7.87%
11.40%
Interest Income/Total Income
92.13%
88.60%
Deposit Service Charge lncome/Nonlnterest Income
19.77%
14.64%
4.29%
7.35%
44.77%
41.38%
Nonlnterest Income/Total Income
Cost Center lncome/Nonlnterest Income
Nonlnterest Expense/(lnterest Expense+ Nonlnterest Expense)
Contribution to Total Income by Product Line
-...
C:
25
CJ
20
Cl)
Cl)
a.
15
10
5
0
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Invest.
Real Estate
Loans
Installment
Loans
Comm'I
Loans
Deposits
Trust
■ Assets>
!!li Assets up to $150 M
6
Other
Services
$150 M
Cost
Centers
Product Line Income
Contribution to Interest Income by Product Line
40
30
c
...8CD
20
CL
10
0
Real Estate
Investments
Commercial
Installment
l!l1l Assets up to $150 M
■ Assets>
$150 M ,
14 Institutions
7 Institutions
Assets up to $150 M
Assets > $150 M
Investments*
28.13%
Real Estate Loans
Installment Loans
Commercial Loans
35.38%
14.12%
22.37%
34.80%
38.74%
10.38%
16.07%
100.00%
100.00%
Interest Income
Total Interest Income
Contribution to Nonlnterest Income by Product Line
60
50
40
c
...c.,
30
a.
20
Cl)
Cl)
10
0
Invest.
Real Estate
Install .
Comm 'I
Deposits
ml Assets up to $150 M
Nonlnterest Income
Investments
Real Estate Loans
Installment Loans
Commercial Loans
Deposits
Trust
Other Services
Cost Centers
Total Nonlnterest Income
* Tax Equivalent Basis
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
7
Trust
Other
Cost Centers
Services
■ Assets > $150 M
I
14 Institutions
7 Institutions
Assets up to $150 M
Assets> $150 M
4.48%
15.63%
6.83%
2.44%
54.04%
1.40%
11 .01 %
4.18%
100.00%
11 .32%
6.97%
3.94%
1.56%
37.45%
13.12%
18.68%
6.95%
100.00%
Expense Summary
Percent of Expense
14 Institutions
7 Institutions
Assets up to $150 M
Assets > $150 M
Interest Expense as a Percent of Total Interest Expense
8.97%
6.40%
9.41%
8.09%
2.42%
42.43%
17.59%
0.97%
3.71%
0.00%
Interest Bearing Checking
Regular Savings
MMDA
Retirement
Other Time
CDs Under $100,000
CDs $100,000 and Over
Federal Funds Purchased
Other Market Instruments
Capital Notes & Debentures
10.20%
11.98%
6.53%
8.84%
0.00%
42.73%
9.88% ,
0.07%
9.77%
0.00%
Nonlnterest Expenses as a Percent of Total Nonlnterest Expense
Personnel Expense
43.02%
10.81%
53.83%
Vendor Data Processing
Furniture and Equipment
Printing, Postage & Freight
Telephone & Electronic Access
Occupancy
Professional Fees - Legal & Other
Credit Card Franchise Fees
Outgoing Interchange (Merchants)
Credit Reports
Appraisal Fees-External
Return Items Charge
Directors Fees
External Exams & Audits
Education & Training-Internal/External
Network Expense Fees (ATM)
FDIC Insurance
All Other Expenses
3.45%
8.05%
4.31%
1.06%
7.30%
1.55%
0.66%
1.25%
0.29%
0.00%
0.00%
1.55%
1.57%
0.80%
0.80%
0.47%
13.05%
1.03%
0.41%
14.77%
3.05%
0.00%
0.00%
2.22%
0.00%
0.00%
3.05%
2.22%
Salary
Fringe Benefits
42.35%
9.91%
52.26%
4.45%
8.45%
5.13%
1.37%
7.65%
1.18% ·
0.24%
0.00%
0.39%
0.00%
0.00%
1.10%
0.96%
0.62%
Losses as a Percent of Total Expenses
Net Current Loan Losses
Credit Card Fraud Losses
Trust Losses
Net Losses
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
8
Expense Summary Information
Contribution to Interest Expense by Product Line
■
Assets up to·
$150 M
■ Assets>
$150M
Savings
DOA
Borrowings
Time
Interest Expense
14 Institutions
7 Institutions
Assets up to $150 M
Assets > $150 M
9.24%
15.59%
71.02%
4.16%
100.00%
10.47%
19.00%
61 .87%
8.66%
100.00%
DDA & Other Transaction Accounts
Savings Deposits
Time Deposits
Borrowings
Total Interest Expense
Contribution to Nonlnterest Expense by Product Line
35
30
25
20
II Assets up
to $150 M
15
■ Assets>
10
$150M
5
Invest.
RE Loans
Install.
Loans
Comm'I
Loans
Deposits
Borrow
Direct Nonlnterest Expense
Investments
Real Estate Loans
Installment Loans
Commercial Loans
Deposits
Borrowings & Other Liabilities
Trust
Other Services
Cost Centers*
Total Nonlnterest Expense
*Cost Centers Net of Income
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
9
Trust
Other
Serv
Cost
Centers
14 Institutions
7 Institutions
Assets up to $150 M
Assets> $150 M
1.49%
12.15%
10.88%
12.02%
26.26%
0.68%
2.24%
3.42%
30.85%
100.00%
1.14%
10.43%
7.45%
7.03%
30.00%
0.13%
5.96%
3.40%
34.45%
100.00%
Overview
Net Income/ Total Assets
5%
4%
3%
2%
1%
0%
Assets<= $150M
Assets >$150M
Total Expense/ Total Income
90% - - - - - - - - - - - - - - - - - - - - - - 80%---70%---60%---50%---40%---30 % - - + - - - - 20% + - - - -
10 % - - - -
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Assets <= $150M
Assets >$150M
10
Overview
Net Interest Margin
Assets <= $1 SOM
Assets >$1 SOM
Nonlnterest Income I Nonlnterest Expense
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Assets >$150M
Assets<= $150M
11
Overview
Nonlnterest Expense / Total Expense
Assets >$150M
Assets<= $150M
Nonlnterest Income I Total Income
Assets<= $150M
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Assets >$150M
12
Overview
Loans / Deposits
Assets <= $1 SOM
Assets >$1 SOM
Net Loan Losses I Total Loans
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
(Charge-Offs Less Recoveries/ Total Loans)
Assets<= $1 SOM
Assets >$1 SOM
13
Overview
Salaries & Fringe Benefits / Total Nonlnterest Expense
60%
50%
40%
30%
20%
10%
0%
Assets<= $150M
Assets >$150M
Net Income/ FTE Personnel
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Assets <= $1 SOM
Assets >$1 SOM
14
Investments
INVESTMENTS
Included as investments are U.S. securities, tax-exempt municipal securities and loans, Federal Funds sold,
liquidity loans, purchased CDs, bankers' acceptances, investments in subsidiaries and associated companies,
stocks, bonds, and other investments. Non-interest income on investments includes gains and losses on
securities. The income graphed below is shown before transfer pricing, and includes the taxable basis
adjustment for income from tax-exempt securities and loans.
lnvestm ents Net Income
% of volume
(Before Transfer Pricing)
Assets <= $1 SOM
Assets >$1 SOM
Investments - Non Interest Income I Total Income
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Assets <= $150M
Assets >$150M
15
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
This page left intentionally blank.
16
Investments Summary
Dollars
14 Institutions
7 Institutions
Assets up to $150 M
Assets > $150 M
$28,268,486
$ VOLUME OF OUTSTANDING$
$111 ,510,851
36.15%
Investment Dollars/Earning Assets
$1 ,688,475
Interest Income
43.32%
$6,948,338
Taxable Basis Adjustment
$144,977
$670,423
-Cost of Funds (COF)
$..985,051
$..4, 126,953
Net Interest Income
$848,401
$3,491,808
+Nonlnterest Income
$20,117
$318,320
$868,518
$3,810,128
Net Income Before Nonlnterest Expense
-Nonlnterest Expenses
Direct Expenses
Salary
Fringe Benefits
Personnel Expense
$19,829
$5,155
$43,092
$7,351
$24, 984
$50,443
Vendor Data Processing
Furniture & Equipment
Printing, Postage, & Freight
Telephone & Electronic Access
Occupancy
Professional Fees-Legal & Other
All Other Direct Expenses
Total Direct Expenses
$689
$2,11 1
$1 ,322
$656
$3,177
$1 ,624
$2,341
$36,904
$5,023
$2,899
$1 ,683
$1 ,497
$3,859
$1,429
$17,666
$84,500
Net Indirect Expenses
Charge for Funding Operations (CFO)
$15,072
$38,410
$..244,215
$..1,005,919
Total Nonlnterest Expense
$296,191
$1,128,828
$572,328
$2,681,300
Net Income
Memo: 1) Net Income Before COF and CFO
$1,801,594
$7,814,172
($3,063)
$200,449
2) Realized Gains/(Losses) on Held-to-Maturity and
Available for Sale Securities
Composition of Investments Portfolio
Assets up to $150 M
Assets > $150 M
10% 1 %
il U.S. Sec.
II U.S. Sec.
■ Fed
Funds
■
□ Tax
Exempt
□ 0th Inv.
■ liq.
Investment Type
U.S. Securities
Fed Funds
I
D Tax Exempt I
I
D 0th. Inv.
■
Loans
Volume
$17,860,962
.
LIq.Loans
I
Investment Type
Volume
U.S. Securities
$75,378,116
$23,935, 131
Tax Exempt Sec. & Loans
$5,228,009
Tax Exempt Sec. & Loans
Other Investments
$2,929,083
Other Investments
$5,950,503
Fed Funds Sold
Other Liquidity Loans
$1,893,537
Fed Funds Sold
$6,095,168
Total
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Other Liquidity Loans
$356,896
$28,268,486
Total
17
$151,934
$111 ,510,851
Investments Summary
Percent of Investments $ Volume
$ VOLUME OF OUTSTANDINGS
14 Institutions
7 Institutions
Assets up to $150 M
Assets > $150 M
$28,268,486
$111,510,851
Interest Income
Taxable Basis Adjustment
5.97%
0.51%
6.23%
0.60%
-Cost of Funds (COF)
Net Interest Income
+Nonlnterest Income
Net Income Before Nonlnterest Expense
3.48%
3.00%
0.07%
3.07%
3.70%
3.13%
0.29%
3.42%
0.07%
0.02%
0.09%
0.04%
0.01%
0.05%
0.00%
0.01%
0.00%
0.00%
0.01%
0.01%
0.00%
-Nonlnterest Expenses
Direct Expenses
Salary
Fringe Benefits
Personnel Expense
Vendor Data Processing
Furniture & Equipment
Printing, Postage, & Freight
Telephone & Electronic Access
Occupancy
Professional Fees - Legal & Other
All Other Direct Expenses
Total Direct Expenses
0.01%
0.13%
0.00%
0.00%
0.00%
0.00%
0.00%
0.02%
0.08%
0.05%
0.86%
1.05%
0.03%
0.90%
1.01%
Net Income
2.02%
2.40%
Memo: Net Income Before COF and CFO
6.37%
7.01%
Nonlnterest Income/Total Direct Expenses
54.51%
376.71%
Personnel Expense/Total Direct Expenses
67.70%
59.70%
Net Indirect Expenses/Total Direct Expenses
40.84%
45.46%
0.37
0.90
Net Indirect Expenses
Charge for Funding Operations (CFO)
Total Nonlnterest Expense
Pre-Tax Ratios
Investment FTE Personnel
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
18
Composition of Investment Interest Income and Nonlnterest Expense
Contribution to Investment Income*
60%
50%
30%
20%
10%
0%
U.S. Securities
Tax Exempt
I ~ Assets
Other Invest.
up to $150 M
Fed Funds Sold
■ Assets>
Liquidity Loans
$150 M
14 Institutions
7 Institutions
Assets up to $150 M
Assets > $150 M
Investment Type**
U.S. Securities
Tax Exempt Securities & Loans
Other Investments
Fed Funds Sold
Other Liquidity Loans
Total
$1 ,110,356
$427,974
$188,027
$105,481
$21,731
$1 ,853,570
$5,232,179
$1 ,981,465
$376,347
$337,778
$9,312
$7,937,081
Composition of Nonlnterest Expenses
Assets up to $150 M
Assets > $150 M
■ Personnel
48%
■
fl Personnel
Other Direct
1
=Net Indirect
■
Other Direct
=Net Indirect
28%
14 Institutions
7 Institutions
Assets up to $150 M
Assets> $150 M
Nonlnterest Expenses
Nonlnterest Expenses
Personnel Expense
Other Direct Expenses
Net Indirect Expenses
Total
*
Personnel Expense
Othe_r Direct Expenses
Net Indirect Expenses
Total
$24,984
$11 ,920
$15,072
$51,976
lncome=lnterest Income + Nonlnterest Income
Tax Equivalent Basis
**
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
19
$50,443
$34,057
$38,410
$122,909
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
This page left intentionally blank.
20
Real Estate Loans Summary
Dollars
14 Institutions
6 Institutions
Assets up to $150 M
Assets > $150 M
$26,803,066
616
33.59%
$ VOLUME OF OUTSTANDINGS
Average# Loans Outstanding
Real Estate Outstandings/Eaming Assets
$98,388,403
2,119
38.26%
$2,306,163
$1016.041
$1,290,122
$89,364
$1,379,487
Interest Income
-Cost of Funds (COF)
Net Interest Income
+Nonlnterest Income
Net Income Before Nonlnterest Expense
$8,481,306
$3.641.017
$4,840,289
$196,144
$5,036,433
-Nonlnterest Expenses
Direct Expenses
Salary
Fringe Benefits
Personnel Expense
Vendor Data Processing
Furniture & Equipment
Printing, Postage, & Freight
Telephone & Electronic Access
Occupancy
Professional Fees-Legal & Other
Credit Reports
Appraisal Fees
All Other Direct Expenses
Total Direct Expenses
Net Indirect Expenses
Charge for Funding Operations (CFO)
Total Nonlnterest Expense
- Net Loan Losses
Net Income
Memo: Net Income Before COF and CFO
$151 ,309
$36,396
$187,705
$358,057
$80,472
$438,529
$7,297
$22,826
$13,202
$3,981
$24,290
$4,214
$765
$89
$22,898
$53,681
$44,964
$13,834
$65,137
$5,400
$14,002
$37.140
$301,509
$4,865
$108,640
$771,950
$124,865
$236.054
$662,428
$397,007
$873.754
$2,042,710
$13.253
$703,806
$33,658
$2,960,065
$1 ,955,901
$7,474,836
Composition of Real Estate Loan Portfolio
Assets up to $150 M
Assets > $150 M
3%
2%
42%(
I
\
D Comm'I
1
, ■ Const/Land
I
■ Const/Land
53%
i 11 1-4 Family
34% 1
11 1-4 Family
=Home Equity
60%
C Comm'I
C Home Equity
3%
Loan Type
1-4 Family
Construction & Land Dev.
Commercial & Other
Home Equity
Total
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Loan Type
1-4 Family
Construction & Land Dev.
Commercial & Other
Home Equity
Total
Volume
$14,329,699
$894,412
$11 ,141 ,000
$437,955
$26,803,066
21
Volume
$59,725,480
$2,657,791
$33,344,228
$2,660.905
$98,388,403
Real Estate Loans Summary
Percent of Real Estate Loan $ Volume
14 Institutions
6 Institutions
Assets up to $150 M
Assets > $150 M
$26,803,066
$ VOLUME OF OUTSTANDINGS
8.60%
3.79%
4.81%
0.33%
5.15%
Interest Income
-Cost of Funds (COF)
Net Interest Income
+Nonlnterest Income
Net Income Before Nonlnterest Expense
$98,388,403
8.62%
3.70%
4.92%
0.20%
5.12%
-Nonlnterest Expenses
Direct Expenses
Salary
Fringe Benefits
Personnel Expense
0.56%
0.14%
0.70%
0.36%
0.08%
0.45%
Vendor Data Processing
Furniture & Equipment
Printing, Postage, & Freight
Telephone & Electronic Access
Occupancy
Professional Fees - Legal & Other
Credit Reports
Appraisal Fees
All Other Direct Expenses
Total Direct Expenses
0.03%
0.09%
0.05%
0.01%
0.09%
0.02%
0.00%
0.00%
0.14%
1.12%
0.02%
0.05%
0.05%
0.01%
0.07%
0.01%
0.01%
0.00%
0.11%
0.78%
Net Indirect Expenses
Charge for Funding Operations (CFO)
0.47%
0.88%
2.47%
0.40%
0.89%
2.08%
Net Income
0.05%
2.63%
0.03%
3.01%
Memo: Net Income Before COF and CFO
7.30%
7.60%
Nonlnterest Income/Total Direct Expenses
29.64%
25.41%
Personnel Expense/Total Direct Expenses
62.26%
56.81%
Net Indirect Expenses/Total Direct Expenses
41.41%
51.43%
4.50
12.88
Total Nonlnterest Expense
-Net Loan Losses
Pre-Tax Ratios
Real Estate Loans FTE Personnel
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
22
Contribution to Real Estate Loan Income and Direct Expenses
Contribution to Real Estate Loan Income•
$6,000,000
$5,000,000
$4,000,000
12 Assets up to $150 M
$3,000,000 ·
■ Assets>
$2,000,000
$150 M
$1,000,000
$0
1-4 Family
Construction
Commercial
Home Equity
14 Institutions
6 Institutions
Assets up to $150 M
Assets > $150 M
Loan Type
$1 ,273,386
$81 ,367
$998,479
$42,296
$2,395,528
1-4 Family
Construction & Land Development
Commercial & Other
Home Equity
$5,280,918
$232,178
$2,905,503
$258,851
$8,677,449
Total
Contribution to Real Estate Loan Direct Expenses
$600,000
$500,000
$400,000
Assets up to $150 M
$300,000
■ Assets>
$200,000
$150 M
$100,000
so-- ........
1-4 Family
Construction
Commercial
Home Equity
14 Institutions
6 Institutions
Assets up to $150 M
Assets > $150 M
Loan Type
$195,771
$39,749
$43,480
$22,509
$301,509
1-4 Family
Construction & Land Development
Commercial & Other
Home Equity
Total
* lncome=lnterest Income + Nonlnterest Income
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
23
$504,178
$47,305
$136,797
$83,669
$771 ,950
1-4 Family Mortgages
1-4 FAMILY DWELLING-UNIT MORTGAGES
Included as 1 - 4 family dwelling-unit mortgages are loans secured by real estate as evidenced by FHA, VA,
or conventional mortgages, vacation homes, individual condominium dwellings, housekeeping dwellings, and
vacant lots in established residential areas. Also included are real estate loans that were purchased but are
serviced by other entities. The income graphed below is shown before transfer pricing.
1-4 Family Mortgages Net Income
(Before Transfer Pricing)
% of volume
Assets <= $1 SOM
Assets >$1 SOM
1-4 Family Mortgages - Nonlnterest Income I Total Income
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Assets<= $1 SOM
Assets >$1 SOM
24
1-4 Family Mortgages
Dollars
14 Institutions
6 Institutions
Assets up to $150 M
Assets> $150 M
$14,329,699
$ VOLUME OF OUTSTANDINGS
431
Average# Loans Outstanding
1-4 Family Mortgage Outstandings/Earning Assets
17.59%
$59,725,480
1,608
24.35%
$1,194,826
$5,104,175
-Cost of Funds (COF)
$531,714
Net Interest Income
$663,111
$2. 149.634
$2,954,540
Interest Income
+Nonlnterest Income
Net Income Before Nonlnterest Expense
$78,560
$176,744
$741,671
$3,131,284
-Nonlnterest Expenses
Direct Expenses
Salary
Fringe Benefits
Personnel Expense
$98,096
$23,691
$121,787
$244,518
$55,284
$299,802
$4,716
$14,404
$8,430
$2,590
$16,001
$2,484
$542
$50
$24,769
$195,771
$17,333
$38,354
$30,257
$10,542
$46,691
$3,424
$9,462
$1,945
$46,369
$504,178
Net Indirect Expenses
Charge for Funding Operations (CFO)
$83,307
$122.841
$282,342
$524.107
Total Nonlnterest Expense
$401,919
$1,310,627
Net Income
$9,122
$330,630
$5,987
$1,814,670
Memo: Net Income Before COF and CFO
$985,185
$4,488,411
Vendor Data Processing
Furniture & Equipment
Printing, Postage, & Freight
Telephone & Electronic Access
Occupancy
Professional Fees-Legal & Other
Credit Reports
Appraisal Fees
All Other Direct Expenses
Total Direct Expenses
-Net Loan Losses
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
25
1-4 Family Mortgages
Percent of 1-4 Family Mortgage$ Volume
$ VOLUME OF OUTSTANDINGS
14 Institutions
6 Institutions
Assets up to $150 M
Assets > $150 M
$14,329,699
$59,725,480
8.55%
Interest Income
8.34%
-Cost of Funds (COF)
3.71%
3.60%
Net Interest Income
4.63%
0.55%
4.95%
0.30%
5.18%
5.24%
+Nonlnterest Income
Net Income Before Nonlnterest Expense
-Nonlnterest Expenses
Direct Expenses
Salary
Fringe Benefits
Personnel Expense
0.68%
0.17%
0.85%
0.41%
0.09%
0.50%
Vendor Data Processing
Furniture & Equipment
Printing, Postage, & Freight
Telephone & Electronic Access
Occupancy
Professional Fees - Legal & Other
Credit Reports
Appraisal Fees
All Other Direct Expenses
Total Direct Expenses
0.03%
0.10%
0.06%
0.02%
0.11%
0.02%
0.00%
0.00%
0.17%
1.37%
0.03%
0.06%
0.05%
0.02%
0.08%
0.01%
0.02%
0.00%
0.08%
0.84%
Net Indirect Expenses
Charge for Funding Operations (CFO)
0.58%
0.86%
0.47%
0.88%
Total Nonlnterest Expense
2.80%
2.19%
Net Income
0.06%
2.31%
0.01%
3.04%
Memo: Net Income Before COF and CFO
6.88%
7.52%
Nonlnterest Income/Total Direct Expenses
40.13%
35.06%
Personnel Expense/Total Direct Expenses
62.21%
59.46%
Net Indirect Expenses/Total Direct Expenses
42.55%
56.00%
3.08
8.99
-Net Loan Losses
Pre-Tax Ratios
1-4 Family Mortgages FTE Personnel
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
26
1-4 Family Mortgages Information
14 Institutions
6 Institutions
Assets up to $150 M
Assets> $150 M
$14,329,699
431
$33,242
$ VOLUME OF OUTSTANDINGS
Average# Loans Outstanding
Average Size Loan
$59,725,480
1,608
$37,147
# Loans Made
260
532
# Loans Serviced
532
1,892
# Payments Received
Electronic
Non Electronic
620
3,344
5,431
17,411
# Applications Received
Electronic
Non Electronic
# Applications Approved
FTE Personnel
Productivity Measures
Applications Approved/Applications Received
Loans Made/Applications Received
Loans Made/Applications Approved
Average Number Loans Outstanding/FTE Personnel
Loans Made/FTE Personnel
Nonlnterest lncome/FTE Personnel
Personnel Expense/FTE Personnel
$ Volume Outstanding/FTE Personnel
0
0
309
578
261
3.08
540
8.99
84.27%
84.13%
99.84%
140.06
84.52
$25,524
$39,569
$4,655,739
Item Costs
Applications-Electronic
Applications-Non Electronic
Payments-Electronic
Payments-Non Electronic
Loan Set Up
Loan Disbursement
Loan Maintenance-Monthly
93.37%
92.10%
98.64%
178.91
59.24
$19,667
$33,361
$6,646,010
$0.00
$77.85
$0.04
$1.40
$107.04
$55.59
$0.00
$52.43
$0.03
$0.94
$72.10
$37.44
$44.96
$30.28
N/A
$240.48
N/A
$161.97
Average Costs
To Make a Loan
Electronic
Non Electronic
To Maintain a Loan-Monthly
Electronic
Non Electronic
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$43.26
$46.35
27
$30.31
$31.22
1-4 Family Mortgages - Item Costs
14 Institutions
Assets up to $150 M
Net
Activity
Direct Expense
$0
$0
$12,796
$5,786
$18,582
$16
$6
$22
$4,208
$1,783
$5,990
Payments-Electronic
Payments-Non Electronic
Total Expense
$0
Applications-Electronic
Applications-Non Electronic
Indirect Expense
$15,147
$6,831
$21,977
$7,866
$3,547
$11,413
Loan Maintenance
$155,739
$65,355
$221,094
Total
$195,771
$83,307
$279,079
Loan Set Up
Loan Disbursement
Direct
Activity
Applications-Electronic
Applications-Non Electronic
Payments-Electronic
Payments-NonElectronic
Loan Set Up
Loan Disbursement
Loan Maintenance-Monthly
Item Costs
$0.00
$56.85
$0.03
$1 .02
$78.16
$40.59
$32.83
6 Institutions
Net Indirect
Item Costs
$0.00
$21.00
$0.01
$0.38
$28.88
$15.00
$12.13
Total
Item Costs
$0.00
$77.85
$0.04
$1.40
$107.04
$55.59
$44.96
Assets> $150 M
Net
Activity
Direct Expense
Total Expense
$0
$0
$0
$18,807
$12,072
$30,879
Applications-Electronic
Applications-NonElectronic
Indirect Expense
$76
$46
$122
$9,384
$5,559
$14,942
Loan Set Up
$23,853
$15,198
$39,051
Loan Disbursement
$12,387
$7,892
$20,280
Loan Maintenance
$439,671
$241,576
$681,247
Total
$504,178
$282,342
$786,520
Net Indirect
Total
Item Costs
$0.00
$52.43
$0.03
$0.94
$72.09
$37.44
$30.28
Payments-Electronic
Payments-Non Electronic
Direct
Activity
Applications-Electronic
Applications-Non Electronic
Payments-Electronic
Payments-Non Electronic
Loan Set Up
Loan Disbursement
Loan Maintenance-Monthly
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Item Costs
$0.00
$34.23
$0.02
$0.61
$47.07
$24.44
$19.77
28
Item Costs
$0.00
$18.20
$0.01
$0.33
$25.02
$12.99
$10.51
FCA What-If Analysis Reporting
Scenario:
ASSETS OF $150 MILLION OR LESS
BREAK-EVEN LOAN BALANCES
Institution Name:
ASSETS OF $150 MILLION OR LESS
Product Line:
Real Estate Loans
Product:
1-4 Family Mortgage
INPUT VARIABLES:
$240.48
Cost to Make a Loan
Cost to Process a Payment
Cost to Maintain a Loan - Monthly
$1 .26
$44.96
Product Cost of Funds Rate :
3.71%
Loan Loss Rate :
0.06%
Return on Nonlnterest Income :
0.55%
INTEREST RA TES AND BREAK-EVEN LOAN BALANCES
Maturity
(Years)
10
15
Periods
(Payments)
120
180
6.75%
7.00%
7.25%
7.50%
$22,993
$28,163
$26,211
$24,502
$26,079
$24,242
$22,635
$21 ,216
$19,832
20
240
$24,439
$22,698
$21 ,175
25
300
$23,096
$21 ,438
$19,989
$18,711
30
360
$21,979
$20,395
$19,010
$17,791
Maturity
(Years)
Periods
(Payments)
7.75%
8.00%
8.25%
10
120
$21 ,652
$20,451
$19,370
$18,392
$17,814
$16,896
8.50%
15
180
$19,956
$18,828
20
240
$18,639
$17,573
$16,614
$15,747
$14,832
$14,093
25
300
$17,577
$16,564
$15,654
30
360
$16,709
$15,744
$14,876
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
29
FCA What-If Analysis Reporting
Scenario:
ASSETS OF $150 MILLION OR LESS
BREAK-EVEN LOAN BALANCES
Institution Name: ASSETS OF $150 MILLION OR LESS
Product Line:
Real Estate Loans
Product:
1-4 Family Mortgage
Loan Break-Even Curves for Fixed Maturities
30 . . - - - - - - - - - - - - - - - - - - - - - - - - - 25
~
·----■
20 +---.....;;a--=~--:::::..-
==------..31C::---==-:ir----
--+-10 Year
-■-20Year
_,._JO Year
5+-------------------------0 +-------r----..------,,-----~---..-------T"""----,
6.75%
7.00%
7.25%
7.50%
7.75%
8.00%
8.25%
8.50%
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
1997 Market Interest Rate
30
FCA What-If Analysis Reporting
Scenario:
ASSETS OVER $150 MILLION
BREAK-EVEN LOAN BALANCES
Institution Name:
ASSETS OVER $150 MILLION
Product Line:
Real Estate Loans
Product:
1-4 Family Mortgage
INPUT VARIABLES:
$161 .97
Cost to Make a Loan
Cost to Process a Payment
Cost to Maintain a Loan - Monthly
Product Cost of Funds Rate :
$0.79
$30.28
3.60%
Loan Loss Rate :
0.01%
Return on Nonlnterest Income :
0.30%
INTEREST RA TES AND BREAK-EVEN LOAN BALANCES
Maturity
(Years)
Periods
(Payments)
10
120
15
20
25
180
240
300
30
360
Maturity
(Years)
Periods
(Payments)
10
120
15
180
6.75%
7.00%
$19,409
$17,964
$16,828
7.25%
7.50%
$18,033
$16,831
$15,774
$16,670
$15,541
$14,548
$15,602
$14,534
$13,594
$15,899
$14,732
$13,716
$12,823
$15,127
$14,013
$13,042
$12,190
7.75%
8.00%
8.25%
8.50%
$14,836
$13,998
$13,246
$12,567
$13,668
$12,882
$12,176
$11 ,540
$11 ,352
$10,751
20
240
$12,761
$12,019
25
300
$12,032
$11 ,327
$10,694
$10,124
360
$11 ,436
$10,764
$10,161
$9,619
30
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
31
FCA What-If Analysis Reporting
Scenario:
ASSETS OVER $150 MILLION
BREAK-EVEN LOAN BALANCES
Institution Name: ASSETS OVER $150 MILLION
Product Line:
Real Estate Loans
Product:
1-4 Family Mortgage
Loan Break-Even Curves for Fixed Maturities
25
20
ti)
"C
C:
~10Year
ns
ti)
:,
0
....
.i=
-■ -20Year
10
__._30Year
~
5
0
6.75%
7.00%
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
7.25%
7.50%
7.75%
1997 Market Interest Rate
32
8.00%
8.25%
8.50%
Construction & Land Development Loans
CONSTRUCTION & LAND DEVELOPMENT LOANS
Included as construction and land development loans are those outstanding secured by real estate with
maturities of 60 months or less made to finance land development preparatory to erecting new structures or
the on-site construction of commercial , industrial, residential, or farm buildings. "Construction" includes
additions or alterations to existing structures and the demolition of existing structures to make way for new
structures. Also included are any such loans that were purchased but are serviced by other entities. The
income graphed below is shown before transfer pricing.
Construction & Land Development Loans Net Income
(Before Transfer Pricing)
% of volume
Assets <= $1 SOM
Assets >$1 SOM
Construction & Land Development Loans - Non Interest
Inc om e / To ta I Inc om e
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
A s sets < = $ 1 5 OM
Assets > $ 1 5 OM
33
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
This page left intentionally blank.
34
Construction & Land Development Loans
Dollars
12 Institutions
Assets up to $150 M
$1,043,480
16
1.43%
$ VOLUME OF OUTSTANDINGS
Average# Loans Outstanding
Construction & Land Dev. Outstandings/Earning Assets
Interest Income
-Cost of Funds (COF)
Net Interest Income
+Nonlnterest Income
Net Income Before Nonlnterest Expense
5 Institutions
Assets > $150 M
$3,189,349
89
1.45%
$89,280
$273,023
$45.941
$43,339
$131,929
$141.094
$5.649
$5,590
$48,987
$137,519
-Non Interest Expenses
Direct Expenses
Salary
Fringe Benefits
Personnel Expense
Vendor Data Processing
Furniture & Equipment
Printing, Postage, & Freight
Telephone & Electronic Access
$23,808
$5,577
$29,385
$26,952
$5.963
$32,915
$945
$3,966
$2,267
$837
$4,386
$3,868
$1,009
$5,660
$931
$1,517
$564
Total Direct Expenses
$598
$3,685
$670
$60
$0
$4.797
$46,374
$56,766
Net Indirect Expenses
Charge for Funding Operations (CFO)
Total Nonlnterest Expense
$18,181
$10.063
$74,617
$28,371
$27.618
$112,754
Occupancy
Professional Fees-Legal & Other
Credit Reports
Appraisal Fees
All Other Direct Expenses
-Net Loan Losses
Net Income
Memo: Net Income Before COF and CFO
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
35
$5.077
$1.224
$4,000
($26,854)
$20,764
$29,149
$189,477
Construction & Land Development Loans
Percent of Construction & Land Development Loan $ Volume
12 Institutions
Assets up to $150 M
$ VOLUME OF OUTSTANDINGS
$1 ,043,480
5 Institutions
Assets > $150 M
$3,189,349
Interest Income
8.56%
-Cost of Funds (COF)
4.40%
4.42%
Net Interest Income
+Nonlnterest Income
4.15%
0.54%
4.14%
0.18%
Net Income Before Nonlnterest Expense
4.69%
4.31%
8.56%
-Nonlnterest Expenses
Direct Expenses
Salary
Fringe Benefits
Personnel Expense
2.28%
0.53%
2.82%
0.85%
0.19%
1.03%
Vendor Data Processing
Furniture & Equipment
Printing, Postage, & Freight
Telephone & Electronic Access
Occupancy
Professional Fees - Legal & Other
Credit Reports
0.35%
0.18%
0.06%
0.03%
0.01%
0.05%
0.00%
0.02%
0.46%
0.16%
Total Direct Expenses
4.44%
1.78%
Net Indirect Expenses
Charge for Funding Operations (CFO)
Total Nonlnterest Expense
1.74%
0.96%
7.15%
0.89%
0.87%
3.54%
Appraisal Fees
All Other Direct Expenses
-Net Loan Losses
0.09%
0.03%
0.38%
0.14%
0.22%
0.12%
0.06%
0.03%
0.12%
0.13%
(2.57%)
0.65%
2.79%
5.94%
Nonlnterest Income/Total Direct Expenses
12.18%
9.85%
Personnel Expense/Total Direct Expenses
63.37%
57.98%
Net Indirect Expenses/Total Direct Expenses
39.21%
49.98%
0.61
0.96
Net Income
Memo: Net Income Before COF and CFO
Pre-Tax Ratios
Construction & Land Development Loans FTE Personnel
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
36
Construction & Land Development Loan Information
12 Institutions
5 Institutions
Assets up to $150 M
Assets> $150 M
$1,043,480
16
$65,559
$ VOLUME OF OUTSTANDINGS
Average # Loans Outstanding
Average Size Loan
$3,189,349
89
$35,755
# Loans Made
23
60
# Loans Serviced
16
89
# Payments Received
Electronic
12
279
Non Electronic
95
517
0
24
73
# Applications Received
Electronic
Non Electronic
# Applications Approved
FTE Personnel
0
23
60
0.61
0.96
Productivity Measures
Applications Approved/Applications Received
97.17%
82.69%
Loans Made/Applications Received
97.17%
82.69%
Loans Made/Applications Approved
100.00%
100.00%
Average Number Loans Outstanding/FTE Personnel
25.99
92.92
Loans Made/FTE Personnel
37.41
62.71
Nonlnterest lncome/FTE Personnel
$9,222
$5,823
Personnel Expense/FTE Personnel
$47,975
$34,287
$1 ,703,641
$3,322,238
$ Volume Outstanding/FTE Personnel
Item Costs
Applications-Electronic
Applications-Non Electronic
Payments-Electronic
Payments-NonElectronic
Loan Set Up
Loan Disbursement
Loan Draws & Advances
Loan Maintenance-Monthly
$0.00
$441.79
$0.37
$14.20
$593.26
$243.55
$42.08
$379.02
$0.00
$229.27
$0.24
$7.37
$307.87
$126.39
$21 .84
$196.70
Average Costs
To Make a Loan
Electronic
N/A
NonElectror,ic
N/A
$1 ,278.59
$663.52
$336.85
$435.29
$218.77
$225.90
To Maintain a Loan-Monthly
Electronic
Non Electronic
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
37
Construction & Land Development Loans - Item Costs
12 Institutions
Activity
Applications-Electronic
Assets up to $150 M
Direct Expense
Net
Indirect Expense
$0
Applications-Non Electronic
$0
$1 ,703
$4,159
Payments-Electronic
Total Expense
$0
$5,862
$2
$1
$3
$399
$133
$532
Loan Set Up
$5,529
$2,264
$7,794
Loan Disbursement
$2,270
$930
$3,200
Payments-Non Electronic
Loan Draws & Advances
$3,303
$974
$4,277
Loan Maintenance
$30,711
$12,177
$42,888
Total
$46,374
$18,181
$64,555
Direct
Net Indirect
Total
Item Costs
Item Costs
$0.00
Item Costs
$0.00
$310.21
$131 .58
Payments-Electronic
$0.27
$0.11
$0.37
Payments-Non Electronic
$9.97
$4.23
$14.20
Loan Set Up
$416.57
$176.69
$593.26
Loan Disbursement
$171.01
$72.54
$243.55
$29.55
$12.53
$42.08
$266.14
$112.89
$379.02
Activity
Applications-Electronic
Applications-Non Electronic
Loan Draws & Advances
Loan Maintenance-Monthly
5 Institutions
$0.00
$441 .79
Assets> $150 M
Net
Activity
Applications-Electronic
Applications-Non Electronic
Payments-Electronic
Payments-Non Electronic
Direct Expense
$0
Indirect Expense
Total Expense
$6,056
$0
$2,901
$8,957
$0
$5
$738
$3
$507
$8
$1 ,245
$10,864
Loan Set Up
$7,357
$3,507
Loan Disbursement
$3,020
$1 ,440
$4,460
Loan Draws & Advances
$2,216
$1,113
$3,329
Loan.Maintenance
$37,372
$18,901
$56,273
Total
$56,766
$28,371
$85,136
Direct
Activity
Applications-Electronic
Applications-Non Electronic
Payments-Electronic
Payments-NonElectronic
Loan Set Up
Loan Disbursement
Loan Draws & Advances
Loan Maintenance-Monthly
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Item Costs
Net Indirect
Item Costs
Total
Item Costs
$0.00
$0.00
$0.00
$164.80
$64.47
$229.26
$0.18
$0.07
$0.25
$5.29
$2.07
$7.36
$221 .30
$86.57
$307.87
$90.85
$35.54
$126.39
$15.70
$141 .38
$6.14
$21 .84
$55.31
$196.69
38
Commercial & Other RE Loans
COMMERCIAL AND OTHER REAL ESTATE LOANS
Included as commercial and other real estate loans are those secured by real estate, as evidenced by
mortgages or other liens on business or industrial properties, farmland , apartments and other multifamily (5
or more) residential properties, hotels, churches, hospitals, educational and charitable institutions, clubs,
lodges, recreational facilities, and other similar properties. Also included are any such loans that were
purchased but are serviced by other entities. The income graphed below is shown before transfer pricing .
Commercial & Other Real Estate Loans Net Income
(Before Transfer Pricing)
% of volume
Assets<= $150M
Assets >$150M
Commercial & Other Real Estate Loans - Nonlnterest
Income/ Total Income
1.0%
0.8%
0.6%
0.4%
0.2%
0.0%
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Assets >$150M
Assets<= $150M
39
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
This page left intentionally blank.
40
Commercial and Other RE Loans
Dollars
$ VOLUME OF OUTSTANDINGS
Average # Loans Outstanding
Commercial and Other Loan Outstandings/Earning Assets
12 Institutions
6 Institutions
Assets up to $150 M
Assets > $150 M
$12,997,834
Interest Income
-Cost of Funds (COF)
Net Interest Income
+Nonlnterest Income
Net Income Before Nonlnterest Expense
$33,344,228
147
266
16.67%
11.47%
$1,158,801
$499,986
$658,815
$6,091
$2,891,942
$1,272.149
$1,619,792
$13,562
$664,906
$1,633,354
-Nonlnterest Expenses
Direct Expenses
Salary
Fringe Benefits
Personnel Expense
Vendor Data Processing
Furniture & Equipment
Printing, Postage, & Freight
Telephone & Electronic Access
Occupancy
Professional Fees-Legal & Other
Credit Reports
Appraisal Fees
All Other Direct Expenses
Total Direct Expenses
Net Indirect Expenses
Charge for Funding Operations (CFO)
Total Nonlnterest Expense
-Net Loan Losses
Net Income
Memo: Net Income Before COF and CFO
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
41
$27,559
$6,363
$33,921
$51,387
$10,122
$61,509
$1,155
$2,092
$2,826
$5,172
$1,790
$4,624
$708
$1,163
$4,316
$7,018
$1,162
$1,141
$106
$2,428
$45
$807
$4,696
$50,844
$50,727
$136,797
$22,291
$116.239
$51 ,338
$304.613
$189,256
$492,749
$3,595
$472,055
$24,440
$1,116,165
$1,088,280
$2,692,927
Commercial and Other RE Loans
Percent of Commercial and Other RE Loan $ Volume
12 Institutions
6 Institutions
Assets up to $150 M
Assets > $150 M
$12,997,834
$ VOLUME OF OUTSTANDINGS
Interest Income
-Cost of Funds (COF)
Net Interest Income
+Nonlnterest Income
Net Income Before Nonlnterest Expense
$33,344,228
8.92%
8.67%
3.85%
5.07%
0.05%
5.12%
3.82%
4.86%
0.04%
4.90%
-Nonlnterest Expenses
Direct Expenses
Salary
Fringe Benefits
Personnel Expense
0.21%
0.05%
0.26%
Vendor Data Processing
Furniture & Equipment
Printing, Postage, & Freight
Telephone & Electronic Access
Occupancy
Professional Fees • Legal & Other
Credit Reports
Appraisal Fees
All Other Direct Expenses
0.15%
0.03%
0.18%
0.01%
0.01%
0.02%
0.01%
0.02%
0.01%
0.01%
0.03%
0.00%
0.02%
0.01%
0.00%
0.00%
0.00%
0.01%
0.00%
0.04%
0.15%
Total Direct Expenses
0.39%
0.41%
Net Indirect Expenses
Charge for Funding Operations (CFO)
0.17%
0.89%
1.46%
0.15%
0.91%
1.48%
Net Income
0.03%
3.63%
0.07%
3.35%
Memo: Net Income Before COF and CFO
8.37%
8.08%
Nonlnterest Income/Total Direct Expenses
12.01%
9.91%
Personnel Expense/Total Direct Expenses
66.87%
44.96%
Net Indirect Expenses/Total Direct Expenses
43.94%
37.53%
0.72
1.54
Total Nonlnterest Expense
-Net Loan Losses
Pre-Tax Ratios
Commercial and Other Loans FTE Personnel
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
42
Commercial and Other RE Loan Information
12 Institutions
6 Institutions
Assets up to $150 M
Assets > $150 M
$12,997,834
147
$88,672
$ VOLUME OF OUTSTANDINGS
Average # Loans Outstanding
Average Size Loan
# Loans Made
# Loans Serviced
$33,344,228
266
$125,276
81
88
147
275
# Payments Received
Electronic
359
536
Non Electronic
838
1,907
0
0
123
# Applications Received
Electronic
85
Non Electronic
# Applications Approved
FTE Personnel
Productivity Measures
Applications Approved/Applications Received
Loans Made/Applications Received
Loans Made/Applications Approved
Average Number Loans Outstanding/FTE Personnel
Loans Made/FTE Personnel
Nonlnterest lncome/FTE Personnel
Personnel Expense/FTE Personnel
$ Volume Outstanding/FTE Personnel
80
89
0.72
1.54
94.00%
95.67%
101.78%
202.65
111 .98
$8,421
$46,896
$17,969,355
Item Costs
Applications-Electronic
Applications-NonElectronic
Payments-Electronic
Payments-Non Electronic
Loan Set Up
Loan Disbursement
Loan Maintenance-Monthly
72.69%
71.88%
98.88%
173.02
57.31
$8,816
$39,984
$21,675,554
$0.00
$181 .57
$0.09
$2.76
$42.35
$15.25
$54.85
$0.00
$253.45
$0.13
$3.85
$130.63
$47.02
$76.57
N/A
$139.78
N/A
$431.10
$54.94
$57.61
$76.69
$80.42
Average Costs
To Make a Loan
Electronic
Non Electronic
To Maintain a Loan-Monthly
Electronic
Non Electronic
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
43
Commercial and Other RE Loans - Item Costs
12 Institutions
Assets up to $150 M
Net
Activity
Applications-Electronic
Applications-Non Electronic
Payments-Electronic
Payments-Non Electronic
Loan Set Up
Loan Disbursement
Loan Maintenance
Total
Direct Expense
Activity
Applications-Electronic
Applications-Non Electronic
Payments-Electronic
Payments-Non Electronic
Loan Set Up
Loan Disbursement
Loan Maintenance-Monthly
Item Costs
$0.00
$123.15
$0.06
$1 .87
$30.28
$10.90
$37.21
Indirect Expense
Total Expense
$0
$0
$0
$5,801
$15
$1 ,016
$2,734
$984
$40,177
$50,727
$2,475
$7
$443
$1,150
$414
$17,801
$22,291
$8,276
$22
$1,459
$3,885
$1 ,398
$57,978
$73,017
Direct
Net Indirect
Total
Item Costs
$0.00
$181.57
$0.09
$2.76
$42.35
$15.25
$54.85
6 Institutions
Item Costs
$0.00
$58.42
$0.03
$0.89
$12.08
$4.35
$17.65
Assets > $150 M
Net
Activity
Applications-Electronic
Applications-Non Electronic
Payments-Electronic
Payments-Non Electronic
Loan Set Up
Loan Disbursement
Loan Maintenance
Total
Direct Expense
Activity
Applications-Electronic
Applications-Non Electronic
Payments-Electronic
Payments-Non Electronic
Loan Set Up
Loan Disbursement
Loan Maintenance-Monthly
Item Costs
$0.00
$190.18
$0.10
$2.89
$98.01
$35.28
$57.45
$0
$18,813
$42
$3,097
$6,256
$2,252
$106,337
$136,797
Direct
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
44
Indirect Expense
$0
$6,101
$13
$1 ,248
$2,266
$816
$40,894
$51,338
Net Indirect
Item Costs
$0.00
$63.27
$0.03
$0.96
$32.61
$11 .74
$19.11
Total Expense
$0
$24,914
$55
$4,345
$8,523
$3,068
$147,231
$188,136
Total
Item Costs
$0.00
$253.45
$0.13
$3.85
$130.63
$47.02
$76.57
FCA What-If Analysis Reporting
Scenario:
ASSETS OF $150 MILLION OR LESS
BREAK-EVEN LOAN BALANCES
Institution Name:
ASSETS OF $150 MILLION OR LESS
Product Line:
Real Estate Loans
Product:
Commercial and Other
INPUT VARIABLES:
$139.78
Cost to Make a Loan
Cost to Process a Payment
Cost to Maintain a Loan - Monthly
Product Cost of Funds Rate :
$1 .96
$54.85
3.85%
Loan Loss Rate :
0.03%
Return on Nonlnterest Income :
0.05%
INTEREST RA TES AND BREAK-EVEN LOAN BALANCES
Maturity
(Years)
5
10
Periods
(Payments)
60
120
6.75%
7.00%
7.25%
7.50%
$34,966
$44,191
$40,631
$37,591
$40,469
$37,152
$34,320
$31 ,876
$31 ,834
$29,534
15
180
$37,624
$34,500
20
240
$35,299
$32,341
$29,819
$27,643
25
300
$33,370
$30,557
$28,160
$26,093
30
360
$31 ,760
$29,076
$26,788
$24,817
Maturity
(Years)
Periods
(Payments)
7.75%
8.00%
8.25%
8.50%
5
60
$32,676
$30,660
$28,873
$27,278
10
120
$29,744
$27,869
$26,207
$24,723
$27,529
$25,766
$24,203
$22,810
$21 ,290
15
180
20
240
$25,747
$24,081
$22,605
25
300
$24,293
$22,712
$21 ,313
$20,066
30
360
$23,101
$21 ,595
$20,262
$19,075
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
45
FCA What-If Analysis Reporting
Scenario:
ASSETS OF $150 MILLION OR LESS
BREAK-EVEN LOAN BALANCES
Institution Name:
ASSETS OF $150 MILLION OR LESS
Product Line:
Real Estate Loans
Product:
Commercial and Other
Loan Break-Even Curves for Fixed Maturities
50
45
40
Cl)
"C
C
CV
Cl)
::::s
30
-+-5Year
25
-■-15
Year
0
.c 20
_,._25Year
I-
~
15
10
5
0
6.75%
7.00%
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
7.25%
7.50%
7.75%
1997 Market Interest Rate
46
8.00%
8.25%
8.50%
FCA What-If Analysis Reporting
Scenario:
ASSETS OVER $150 MILLION
BREAK-EVEN LOAN BALANCES
Institution Name:
ASSETS OVER $150 MILLION
Product Line:
Real Estate Loans
Product:
Commercial and Other
INPUT VARIABLES:
$431 .10
Cost to Make a Loan
Cost to Process a Payment
Cost to Maintain a Loan - Monthly
Product Cost of Funds Rate :
$3.03
$76.57
3.82%
Loan Loss Rate :
0.07%
Return on Nonlnterest Income :
0.04%
INTEREST RA TES AND BREAK-EVEN LOAN BALANCES
Maturity
(Years)
5
10
Periods
(Payments)
60
120
6.75%
7.00%
7.25%
7.50%
$65,573
$60,257
$55,723
$51 ,811
$58,735
$53,891
$49,761
$46,199
$42,479
15
180
$54,190
$49,663
$45,806
20
240
$50,647
$46,378
$42,741
$39,606
25
300
$47,770
$43,720
$40,272
$37,301
30
360
$45,398
$41 ,539
$38,254
$35,425
Maturity
(Years)
Periods
(Payments)
5
60
10
120
7.75%
8.00%
8.25%
8.50%
$48,400
$45,401
$42,743
$40,372
$43,094
$40,365
$37,947
$35,790
$32,769
15
180
$39,581
$37,034
$34,779
20
240
$36,877
$34,480
$32,359
$30,468
25
300
$34,716
$32 ,447
$30,440
$28,652
$32,964
$30,805
$28,897
$27,197
30
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
360
47
FCA What-If Analysis Reporting
Scenario:
ASSETS OVER $150 MILLION
BREAK-EVEN LOAN BALANCES
Institution Name: ASSETS OVER $150 MILLION
Product Line:
Real Estate Loans
Product:
Commercial and Other
Loan Break-Even Curves for Fixed Maturities
70
60
50
II)
'C
C
cu
~5Year
40
II)
::::,
0
.c
.,......
- ■-15
30
Year
-A--25Year
20
10
0
6.75%
7.00%
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
7.25%
7.50%
7.75%
1997 Market Interest Rate
48
8.00%
8.25%
8.50%
Home Equity Loans
HOME EQUITY LOANS
Included as home equity loans are revolving, open-ended loans secured by real estate. Also included are
any such loans that were purchased but are serviced by other entities. The income graphed below is shown
before transfer pricing.
Home Equity Loans Net Income
% of volume
(Before Transfer Pricing)
6%-.--------------------------,
Assets <= $1 SOM
Assets > $1 SOM
Home Equity Loans - Nonlnterest Income / Total Income
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Assets >$150M
Assets <= $150M
49
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
This page left intentionally blank.
50
Home Equity Loans
Dollars
$ VOLUME OF OUTSTANDINGS
Average # Loans Outstanding
Home Equity Outstandings/Eamings Assets
6 Institutions
5 Institutions
Assets up to $150 M
Assets > $150 M
$1,021,894
107
1.16%
$3,193,086
204
1.49%
$309,204
Interest Income
$96,960
-Cost of Funds (COF)
$38.242
$121985
Net Interest Income
$58,718
$187,219
$1.731
iL.ill
$60,449
$188,635
$21,431
$47,630
$5.766
$27,196
$12.117
$59,747
Vendor Data Processing
Furniture & Equipment
Printing, Postage, & Freight
Telephone & Electronic Access
Occupancy
Professional Fees-Legal & Other
Credit Reports
Appraisal Fees
All Other Direct Expenses
Total Direct Expenses
$1,821
$6,067
$3,020
$635
$3,340
$372
$189
$0
$9,878
$52,520
$3,331
$7,800
$8,231
$1,546
$8,053
$71
$1,017
$1,972
$100,403
Net Indirect Expenses
Charge for Funding Operations (CFO)
Total Nonlnterest Expense
$16,024
$11.562
$80,107
$47,620
$26.422
$174,446
~
($19,658)
$14,313
+Nonlnterest Income
Net Income Before Nonlnterest Expense
-Nonlnterest Expenses
Direct Expenses
Salary
Fringe Benefits
Personnel Expense
-Net Loan Losses
Net Income
$30,146
Memo: Net Income Before COF and CFO
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
51
$8,635
{.$.lli1
$162,721
Home Equity Loans
Percent of Home Equity Loans $ Volume
$ VOLUME OF OUTSTANDINGS
6 Institutions
5 Institutions
Assets up to $150 M
Assets > $150 M
$1,021,894
Interest Income
-Cost of Funds (COF)
Net Interest Income
+Nonlnterest Income
Net Income Before Nonlnterest Expense
$3,193,086
9.49%
9.68%
3.74%
5.75%
0.17%
5.92%
3.82%
5.86%
0.04%
5.91%
-Nonlnterest Expenses
Direct Expenses
Salary
Fringe Benefits
Personnel Expense
2.10%
0.56%
2.66%
1.49%
0.38%
1.87%
Vendor Data Processing
Furniture & Equipment
Printing, Postage, & Freight
0.18%
0.10%
0.59%
0.24%
0.30%
0.26%
Telephone & Electronic Access
0.06%
0.05%
Occupancy
Professional Fees - Legal & Other
0.33%
0.25%
0.04%
0.00%
Credit Reports
Appraisal Fees
0.02%
0.03%
0.00%
0.06%
All Other Direct Expenses
0.97%
0.27%
Total Direct Expenses
5.14%
3.14%
Net Indirect Expenses
1.57%
1.49%
Charge for Funding Operations (CFO)
1.13%
0.83%
Total Nonlnterest Expense
7.84%
5.46%
0.00%
(1.92%)
0.00%
0.45%
2.95%
5.10%
Nonlnterest Income/Total Direct Expenses
3.30%
1.41%
Personnel Expense/Total Direct Expenses
51.78%
59.51%
Net Indirect Expenses/Total Direct Expenses
30.51%
47.43%
0.65
1.86
-Net Loan Losses
Net Income
Memo: Net Income Before COF and CFO
Pre-Tax Ratios
Home Equity Loans FTE Personnel
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
52
Home Equity Loan Information
6 Institutions
5 Institutions
Assets up to $150 M
Assets > $150 M
$1,021,894
107
$9,550
$ VOLUME OF OUTSTANDINGS
Average # Loans Outstanding
Average Size Loan
# Loans Made
# Loans Serviced
$3,193,086
204
$15,637
52
71
107
204
# Payments Received
Electronic
390
128
Non Electronic
902
2,596
0
0
77
# Applications Received
Electronic
53
Non Electronic
# Applications Approved
FTE Personnel
Productivity Measures
Applications Approved/Applications Received
Loans Made/Applications Received
Loans Made/Applications Approved
Average Number Loans Outstanding/FTE Personnel
Loans Made/FTE Personnel
Nonlnterest lncome/FTE Personnel
Personnel Expense/FTE Personnel
$ Volume Outstanding/FTE Personnel
52
71
0.65
1.86
97.79%
97.79%
100.00%
165.46
79.90
$2,676
$42,056
$1,580,248
Item Costs
Applications-Electronic
Applications-Non Electronic
Payments-Electronic
Payments-Non Electronic
Loan Set Up
Loan Disbursement
Loan Maintenance-Monthly
92.43%
92.17%
99.72%
109.55
37.88
$760
$32,053
$1 ,713,029
$0.00
$116.50
$0.08
$2.30
$75.92
$17.71
$79.75
$0.00
$115.89
$0.03
$2.29
$75.52
$17.62
$79.34
N/A
$210.13
N/A
$209.04
$79.82
$82.05
$27.22
$81 .62
Average Costs
To Make a Loan
Electronic
'.\Jon Electronic
To Maintain a Loan-Monthly
Electronic
Non Electronic
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
53
Home Equity Loans - Item Costs
6 Institutions
Assets up to $150 M
Net
Activity
Applications-Electronic
Direct Expense
$0
Indirect Expense
$0
Total Expense
$0
$3,003
$922
$15
$4
$19
$915
$290
$1,205
$1,894
$580
$2,474
$442
$135
$5TT
Loan Maintenance
$46,252
$14,093
$60,346
Total
$52,520
$16,024
$68,545
Applications-Non Electronic
Payments-Electronic
Payments-Non Electronic
Loan Set Up
Loan Disbursement
Direct
Activity
Applications-Electronic
Net Indirect
Item Costs
Applications-Non Electronic
Item Costs
$3,925
Total
Item Costs
$0.00
$0.00
$0.00
$88.38
$28.12
$116.49
$0.08
Payments-Electronic
$0.06
$0.02
Payments-Non Electronic
$1.75
$0.56
$2.30
Loan Set Up
$57.59
$18.32
$75.91
Loan Disbursement
$13.44
$4.28
$17.71
Loan Maintenance-Monthly
$60.50
$19.25
$79.75
5 Institutions
Assets > $150 M
Net
Activity
Applications-Electronic
Applications-Non Electronic
Direct Expense
$0
Loan Set Up
Total Expense
$0
$8,128
$4,910
$3,218
$4
$2
$6
$2,730
$2,680
$1,158
$1,546
$3,888
$4,226
Payments-Electronic
Payments-Non Electronic
Indirect Expense
$0
$625
$361
$986
$89,454
$41,336
$130,790
Total
$100,403
$47,620
$148,024
Activity
Applications-Electronic
Item Costs
Loan Disbursement
Loan Maintenance
Direct
Net Indirect
Item Costs
Total
Item Costs
$0.00
$0.00
$0.00
$66.84
$49.05
$115.89
Payments-Electronic
$0.02
$0.01
$0.03
Payments-Non Electronic
$1.32
$0.97
$2.29
Applications-Non Electronic
Loan Set Up
$43.56
$31.96
$75.52
Loan Disbursement
$10.17
$7.46
$17.63
Loan Maintenance-Monthly
$45.76
$33.58
$79.34
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
54
Installment Loans Summary
Dollars
14 Institutions
7 Institutions
Assets up to $150 M
Assets > $150 M
$ VOLUME OF OUTSTANDINGS
Average # Loans Outstanding
Installment Loan Outstandings/Earning Assets
$9,981,257
1,964
$25,330,354
5,369
9.00%
12.41%
$2,273,269
Interest Income
$920,206
-Cost of Funds (COF)
$329,750
$936,430
Net Interest Income
$590,456
$1,336,839
+Nonlnterest Income
Net Income Before Nonlnterest Expense
$39,045
$110,921
$629,502
$1,447,760
-Nonlnterest Expenses
Direct Expenses
Salary
Fringe Benefits
Personnel Expense
$111,531
$26,665
$138,196
$251,653
$55,959
$307,611
Vendor Data Processing
Furniture & Equipment
Printing, Postage, & Freight
Telephone & Electronic Access
Occupancy
Franchise Fees
Professional Fees-Legal & Other
Credit Reports
All Other Direct Expenses
Total Direct Expenses
$11,277
$21,859
$11,731
$3,894
$19,257
$7,174
$4,093
$4,458
$48,067
$270,005
$46,178
$40,796
$34,178
$10,014
$41,801
$9,986
$2,761
$8,070
$49,960
$551,356
Net Indirect Expenses
Charge for Funding Operations (CFO)
Total Nonlnterest Expense
$100,199
$94,265
$464,469
$278,470
$235,209
$1,065,035
$41,614
-Net Loan Losses
-Credit Card Fraud Losses
Net Income
$123,341
$119,771
$1,728
$261,227
Memo: Net Income Before COF and CFO
$547,355
$1,432,865
m
Composition of Installment Loan Portfolio
Assets> $150 M
Assets up to $150 M
14%
11% ,'
Q0,4%
'--
Ill Credit Card
mCredit Card
■ Automobile
■ Automobile
I
c:::: Comm'I Install.
o 0th
36% /
Consumer
\
■ Student
C Comm'I Install
□
0th Consumer
■ Student
0%
Loan Type
Automobile
Student Loans
Other Consumer
Commercial Installment
Credit Card
Total
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Volume
$7,048,891
$40,062
$1,388,039
$1,122,556
$381,709
$9,981,257
Loan Type
Automobile
Student Loans
Other Consumer
Commercial Installment
Credit Card
Total
55
Volume
$14,476,287
$773,578
$9,159,981
$51,107
$869,402
$25,330,354
Installment Loan Summary
Percent of Installment Loan $ Volume
$ VOLUME OF OUTSTANDINGS
14 Institutions
7 Institutions
Assets up to $150 M
Assets > $150 M
$9,981 ,257
$25,330,354
Interest Income
9.22%
-Cost of Funds (COF)
3.30%
3.70%
Net Interest Income
+Nonlnterest Income
Net Income Before Nonlnterest Expense
5.92%
0.39%
6.31%
5.28%
0.44%
5.72%
8.97%
-Nonlnterest Expenses
Direct Expenses
Salary
Fringe Benefits
Personnel Expense
1.12%
0.27%
1.38%
0.99%
0.22%
1.21%
Vendor Data Processing
Furniture & Equipment
Printing, Postage, & Freight
Telephone & Electronic Access
Occupancy
Franchise Fees
Professional Fees - Legal & Other
Credit Reports
All Other Direct Expenses
Total Direct Expenses
0.11%
0.22%
0.12%
0.04%
0.19%
0.07%
0.04%
0.04%
0.48%
0.18%
0.16%
0.13%
0.04%
0.17%
0.04%
0.01%
0.03%
0.20%
2.71%
2.18%
Net Indirect Expenses
Charge for Funding Operations (CFO)
1.00%
0.94%
1.10%
0.93%
Total Nonlnterest Expense
4.65%
4.20%
-Net Loan Losses
-Credit Card Fraud Losses
Net Income
0.42%
0.00%
1.24%
0.47%
0.01%
1.03%
Memo: Net Income Before COF and CFO
5.48%
5.66%
Nonlnterest Income/Total Direct Expenses
14.46%
20.12%
Personnel Expense/Total Direct Expenses
51.18%
55.79%
Net Indirect Expenses/Total Direct Expenses
37.11%
50.51%
3.90
9.34
Pre-Tax Ratios
Installment Loan FTE Personnel
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
56
Contribution to Installment Loan Income and Direct Expenses
Contribution to Installment Loan Income•
$1,400,000
$1,200,000
$1,000,000
$800,000
I ■ Assets up to $150 M I
$600,000
I
1
$400,000
■ Assets>
$150 M
$200,000
$0
Auto
Student
Cml Install. Credit Card
0th
Consumer
Loan Type
Automobile
Student Loans
Other Consumer
Commercial Installment
Credit Card
14 Institutions
7 Institutions
Assets up to $150 M
Assets > $150 M
$639,216
$3,311
$167,385
$94,374
$54,965
$959,251
Total
$1,250,131
$64,532
$925,246
$3,302
$140,980
$2,384,190
Contribution to Installment Loan Direct Expenses
$300,000 '
$250,000
$200,000
$150,000
I El Assets up to $150 M I
$100,000
I ■ Assets>
$150 M
$50,000
$0
Auto
Student
0th
Consumer
Cml Install. Credit Card
14 Institutions
Assets up to $150 M
7 Institutions
Assets > $150 M
Loan Type
Automobile
Student Loans
Other Consumer
Commercial Installment
Credit Card
Total
* lncome=lnterest Income + Nonlnterest Income
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
57
$146,028
$1,556
$68,376
$17,518
$36,527
$221,947
$10,696
$250,486
$3,627
$64,600
$270,005
$551,356
Automobile Loans
AUTOMOBILE LOANS
This product includes loans made to individuals for the purpose of buying private passenger automobiles,
small trucks, or sport utility vehicles. The income graphed below is shown before transfer pricing.
Automobile Loans Net Income
(Before Transfer Pricing)
% of volume
Assets <= $1 S0M
Assets >$150M
Automobile Loans - Nonlnterest Income/ Total Income
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Assets <= $150 M
Assets >$150M
58
Automobile Loans
Dollars
14 Institutions
5 Institutions
Assets up to $150 M
Assets > $150 M
$7,048,891
1,053
8.57%
$20,266,802
2,563
5.36%
Interest Income
$621 ,090
$1,707,879
-Cost of Funds (COF)
$232,215
$769,543
Net Interest Income
$388,875
$938,336
$18,127
$42,304
$407,001
$980,639
$ VOLUME OF OUTSTANDINGS
Average# Loans Outstanding
Automobile Loan Outstandings/Eamings Assets
+Nonlnterest Income
Net Income Before Nonlnterest Expense
-Nonlnterest Expenses
Direct Expenses
Salary
Fringe Benefits
Personnel Expense
Vendor Data Processing
Furniture & Equipment
Printing, Postage, & Freight
Telephone & Electronic Access
Occupancy
Professional Fees-Legal & Other
Credit Reports
All Other Direct Expenses
$61,431
$15,020
$76,451
$135,565
$34,469
$170,034
$6,294
$12,469
$6,738
$2,325
$10,847
$3,029
$3,496
$18,382
$26,207
$21,547
$6,170
$30,044
$1 ,365
$6,721
$24,381
$30,254
Total Direct Expenses
$146,028
$310,726
Net Indirect Expenses
Charge for Funding Operations (CFO)
Total Nonlnterest Expense
$54,363
$69,175
$269,566
$156,179 .
$174,009
$640,913
-Net Loan Losses
Net Income
$88,057
$251,669
$417,849
Memo: Net Income Before COF and CFO
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$20,976
$116,459
59
$1,195,221
Automobile Loans
Percent of Automobile Loan $ Volume
$ VOLUME OF OUTSTANDINGS
14 Institutions
5 Institutions
Assets up to $150 M
Assets > $150 M
$7,048,891
$20,266,802
8.81%
8.43%
3.29%
5.52%
0.26%
5.77%
3.80%
4.63%
0.21%
4.84%
0.87%
0.21%
1.08%
0.67%
0.17%
0.84%
0.09%
0.18%
0.10%
0.03%
0.15%
0.09%
0.13%
0.11%
0.03%
0.15%
Credit Reports
All Other Direct Expenses
Total Direct Expenses
0.04%
0.05%
0.35%
2.07%
0.01%
0.03%
0.15%
1.53%
Net Indirect Expenses
Charge for Funding Operations (CFO)
0.77%
0.98%
o.n%
Total Nonlnterest Expense
3.82%
3.16%
0.30%
1.65%
0.43%
1.24%
5.93%
5.90%
Nonlnterest Income/Total Direct Expenses
12.41%
13.61%
Personnel Expense/Total [Jirect Expenses
52.35%
54.72%
Net Indirect Expenses/Total Direct Expenses
37.23%
50.26%
2.15
5.51
Interest Income
-Cost of Funds (COF)
Net Interest Income
+Nonlnterest Income
Net Income Before Nonlnterest Expense
-Nonlnterest Expenses
Direct Expenses
Salary
Fringe Benefits
Personnel Expense
Vendor Data Processing
Furniture & Equipment
Printing, Postage, & Freight
Telephone & Electronic Access
Occupancy
Professional Fees - Legal & Other
-Net Loan Losses
Net Income
Memo: Net Income Before COF and CFO
0.86%
Pre-Tax Ratios
Automobile Loans FTE Personnel
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
60
Automobile Loan Information
14 Institutions
5 Institutions
Assets up to $150 M
Assets > $150 M
$7,048,891
1,053
$6,693
$ VOLUME OF OUTSTANDINGS
Average # Loans Outstanding
Average Size Loan
# Loans Made
# Loans Serviced
$20,266,802
2,563
$7,907
637
1,053
1,274
2,563
1,103
10,639
1,754
26,016
0
981
0
2,486
765
1,468
# Payments Received
Electronic
Non Electronic
# Applications Received
Electronic
Non Electronic
# Applications Approved
FTE Personnel
2.15
Productivity Measures
Applications Approved/Applications Received
Loans Made/Applications Received
Loans Made/Applications Approved
Average Number Loans Outstanding/FTE Personnel
Loans Made/FTE Personnel
Nonlnterest lncome/FTE Personnel
Personnel Expense/FTE Personnel
$ Volume Outstanding/FTE Personnel
78.04%
64.95%
83.23%
489.87
296.21
$8,431
$35,558
$3,278,554
Item Costs
Applications-Electronic
Applications-Non Electronic
Payments-Electronic
Payments-Non Electronic
Loan Set Up
Loan Disbursement
Loan Maintenance-Monthly
5.51
59.07%
51 .27%
86.79%
464.99
231.20
$7,675
$30,848
$3,676,851
$0.00
$32.04
$0.10
$1.76
$68.60
$11.66
$0.00
$38.65
$0.13
$2.13
$82.77
$14.07
$11.88
$14.33
NIA
$112.30
NIA
$135.49
$11.98
$13.64
$14.45
$16.46
Average Costs
To Make a Loan
Electronic
Non Electronic
To Maintain a Loan-Monthly
Electronic
Non Electronic
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
61
Automobile Loans - Item Costs
14 Institutions
Assets up to $150 M
Net
Indirect Expense
$0
$6,719
$24
$4,115
$9,264
$1,575
$32,667
$54,363
Activity
Applications-Electronic
Applications-Non Electronic
Payments-Electronic
Payments-Non Electronic
Loan Set Up
Loan Disbursement
Loan Maintenance
Total
Direct Expense
$0
$18,316
$75
$10,833
$24,885
$4,231
$87,689
$146,028
Direct
Net Indirect
Activity
Applications-Electronic
Applications-Non Electronic
Payments-Electronic
Payments-Non Electronic
Loan Set Up
Loan Disbursement
Loan Maintenance-Monthly
Item Costs
$0.00
$23.40
$0.08
$1.29
$50.10
$8.52
$8.67
Item Costs
$0.00
$8.64
$0.03
$0.48
$18.50
$3.15
$3.20
5 Institutions
Total Expense
$0
$25,035
$99
$14,948
$34,148
$5,806
$120,356
$200,391
Total
Item Costs
$0.00
$32.04
$0.11
$1.76
$68.60
$11.66
$11.88
Assets> $150 M
Net
Activity
Applications-Electronic
Applications-Non Electronic
Payments-Electronic
Payments-Non Electronic
Loan Set Up
Loan Disbursement
Loan Maintenance
Total
Activity
Applications-Electronic
Applications-Non Electronic
Payments-Electronic
Payments-Non Electronic
Loan Set Up
Loan Disbursement
Loan Maintenance-Monthly
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Direct Expense
$0
$45,620
$107
$23,452
$43,001
$7,311
$191,235
$310,726
Indirect Expense
$0
$20,635
$54
$11,643
$24,512
$4,167
$95,167
$156,179
Total Expense
$0
$66,255
$161
$35,096
$67,513
$11,478
$286,402
$466,905
Direct
Net Indirect
Item Costs
$0.00
$26.99
$0.09
$1.49
$57.79
$9.82
$10.01
Item Costs
$0.00
$11.66
$0.04
$0.64
$_24.97
$4.25
$4.32
Total
Item Costs
$0.00
$38.65
$0.13
$2.13
$82.77
$14.07
$14.33
62
FCA What-If Analysis Reporting
Scenario:
ASSETS OF $150 MILLION OR LESS
BREAK-EVEN LOAN BALANCES
Institution Name:
ASSETS OF $150 MILLION OR LESS
Product Line:
Installment Loans
Product:
Automobile
INPUT VARIABLES :
$112.30
Cost to Make a Loan
Cost to Process a Payment
Cost to Maintain a Loan - Monthly
Product Cost of Funds Rate :
$1 .60
$11 .86
3.29%
Loan Loss Rate :
0.30%
Return on Nonlnterest Income :
0.26%
INTEREST RA TES AND BREAK-EVEN LOAN BALANCES
Maturity
(Years)
Periods
(Payments)
1
12
6.75%
7.50%
8.50%
$14,666
$12,015
$9,676
$8,817
9.00%
2
24
$11,947
$9,776
$7,861
$7,157
3
36
$10,899
$8,908
$7,153
$6,507
$10,298
$8,408
$6,741
$6,129
$8,061
$6,454
$5,863
11.00%
12.00%
4
48
$9,883
5
60
Maturity
(Years)
Periods
(Payments)
9.50%
10.00%
1
12
$8,096
$7,484
$6,498
$5,740
$4,638
2
24
$6,567
$6,065
$5,259
3
36
$5,966
$5,507
$4,767
$4,199
$5,615
$5,179
$4,477
$3,938
$5,369
$4,948
$4,272
$3,753
4
5
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
48
60
63
FCA What-If Analysis Reporting
Scenario:
ASSETS OF $150 MILLION OR LESS
BREAK-EVEN LOAN BALANCES
Institution Name:
ASSETS OF $150 MILLION OR LESS
Product Line:
Installment Loans
Product:
Automobile
Loan Break-Even Curves for Fixed Maturities
16
14
12
en
"'C
C
C'G
en
10
~ 1 Year
::::s
8
-•-3 Year
.c:
I-
6
-A--5Year
0
~
4
2
0
6.75%
7.50%
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
8.50%
9.00%
9.50%
10.00%
1997 Market Interest Rate
64
11.00%
12.00%
FCA What-If Analysis Reporting
Scenario:
ASSETS OVER $150 MILLION
BREAK-EVEN LOAN BALANCES
Institution Name: ASSETS OVER $150 MILLION
Product Line:
Installment Loans
Product:
Automobile
INPUT VARIABLES:
$135.49
Cost to Make a Loan
Cost to Process a Payment
$2.00
Cost to Maintain a Loan - Monthly
Product Cost of Funds Rate :
$14.33
3.80%
Loan Loss Rate :
0.43%
Return on Nonlnterest Income :
0.21%
INTEREST RA TES AND BREAK-EVEN LOAN BALANCES
Maturity
(Years)
Periods
(Payments)
6.75%
7.50%
8.50%
9.00%
$12,157
1
12
$22,250
$17,435
$13,523
2
24
$18,127
$14,188
$10,987
$9,869
$9,993
$8,969
$9,411
$8,442
3
36
$16,529
$12,922
4
48
$15,607
$12,188
$14,966
$11 ,676
$9,004
$8,070
9.50%
10.00%
11.00%
12.00%
12
$11 ,039
$10,109
$8,648
$7,553
24
$8,955
$8,194
$6,999
$6,104
$6,342
$5,523
5
60
Maturity
(Years)
Periods
(Payments)
1
2
3
36
$8,132
$7,436
4
48
$7,649
$6,989
$5,953
$5,177
$6,673
$5,676
$4,930
5
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
60
$7,308
65
FCA What-If Analysis Reporting
Scenario:
ASSETS OVER $150 MILLION
BREAK-EVEN LOAN BALANCES
Institution Name:
ASSETS OVER $150 MILLION
Product Line:
Installment Loans
Product:
Automobile
Loan Break-Even Curves for Fixed Maturities
25
20
U)
"'C
C:
15
--+-1 Year
n,
U)
~
0
~
I-
-•-3 Year
10
_.,_5Year
~
5
0
6.75%
7.50%
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
8.50%
9.00%
9.50%
10.00%
1997 Market Interest Rate
66
11.00%
12.00%
Student Loans
STUDENTLOANS(SLMA)
This product includes loans made to consumers for educational purposes that are backed by government
agencies, including the Student Loan Marketing Association (SLMA, or Sallie Mae). The income graphed
below is shown before transfer pricing .
Student Loans Net Income
(Before Transfer Pricing)
% of volume
4%------------------- ----
Assets >$150M
Assets<= $150M
Student Loans - Nonlnterest Income/ Total Income
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Assets >$150M
Assets<= $150M
67
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
This page left intentionally blank.
68
Student Loans
Dollars
3 Institutions
Institutions
Assets up to $150 M
Assets> $150 M
$186,954
68
0.40%
$ VOLUME OF OUTSTANDINGS
Average # Loans Outstanding
Student Loan Outstandings/Earning Assets
Interest Income
$14,793
$0
0
0.00%
$0
lQ
-Cost of Funds (COF)
$6.230
Net Interest Income
+Nonlnterest Income
$8,563
$0
$659
~
$0
Net Income Before Nonlnterest Expense
$9,222
-Nonlnterest Expenses
Direct Expenses
Salary
Fringe Benefits
Personnel Expense
$3,115
$600
$3, 715
Vendor Data Processing
Furniture & Equipment
Printing, Postage, & Freight
Telephone & Electronic Access
Occupancy
Professional Fees-Legal & Other
Credit Reports
All Other Direct Expenses
Total Direct Expenses
$0
$604
$230
$89
$597
$0
$1
$2.024
Net Indirect Expenses
Charge for Funding Operations (CFO)
Total Nonlnterest Expense
$2,710
$7,260
$0
~
$0
$0
$0
$0
$0
$0
$0
$0
~
$0
$1.176
$0
lQ
$11,146
$0
~
-Net Loan Losses
Net Income
($1,924)
~
$0
Memo: Net Income Before COF and CFO
$5,482
$0
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
69
• Student Loans
Percent of Student Loan $ Volume
$ VOLUME OF OUTSTANDINGS
3 Institutions
Institutions
Assets up to $150 M
Assets > $150 M
$186,954
$0
7.91%
0.00%
3.33%
4.58%
0.35%
4.93%
0.00%
0.00%
0.00%
0.00%
1.67%
0.32%
1.99%
0.00%
0.00%
0.00%
0.00%
0.32%
0.12%
0.05%
0.32%
0.00%
0.00%
0.00%
0.00%
0.00%
Credit Reports
All Other Direct Expenses
Total Direct Expenses
0.00%
0.00%
1.08%
3.88%
0.00%
0.00%
0.00%
0.00%
Net Indirect Expenses
Charge for Funding Operations (CFO)
1.45%
0.63%
0.00%
0.00%
Total Nonlnterest Expense
5.96%
0.00%
0.00%
(1.03%)
0.00%
2.93%
0.00%
Nonlnterest Income/Total Direct Expenses
9.08%
0.00%
Personnel Expense/Total Direct Expenses
51 .17%
0.00%
Net Indirect Expenses/Total Direct Expenses
37.32%
0.00%
0.13
0.00
Interest Income
-Cost of Funds (COF)
Net Interest Income
+Nonlnterest Income
Net Income Before Nonlnterest Expense
-Nonlnterest Expenses
Direct Expenses
Salary
Fringe Benefits
Personnel Expense
Vendor Data Processing
Furniture & Equipment
Printing, Postage, & Freight
Telephone & Electronic Access
Occupancy
Professional Fees - Legal & Other
-Net Loan Losses
Net Income
Memo: Net Income Before COF and CFO
0.00%
Pre-Tax Ratios
Student Loans FTE Personnel
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
70
Student Loan Information
3 Institutions
Institutions
Assets up to $150 M
Assets > $150 M
$186,954
68
$2,749
$ VOLUME OF OUTSTANDINGS
Average# Loans Outstanding
Average Size Loan
# Loans Made
# Loans Serviced
# Payments Received
Electronic
Non Electronic
# Applications Received
Electronic
Non Electronic
# Applications Approved
$0
0
$0
39
2
0
0
0
0
0
0
0
41
39
0.13
0
0
0
0.00
FTE Personnel
Productivity Measures
Applications Approved/Applications Received
Loans Made/Applications Received
Loans Made/Applications Approved
Average Number Loans Outstanding/FTE Personnel
Loans Made/FTE Personnel
Nonlnterest lncome/FTE Personnel
Personnel Expense/FTE Personnel
$ Volume Outstanding/FTE Personnel
95.90%
95.90%
100.00%
536.84
307.89
$5,203
$29,332
$1,475,955
Item Costs
Applications-Electronic
Applications-Non Electronic
Payments-Electronic
Payments-NonElectronic
Loan Set Up
Loan Disbursement
Loan Maintenance-Monthly
$0.00
$37.04
$0.00
$0.00
$93.79
$13.48
$72.67
0.00%
0.00%
0.00%
0.00
0.00
$0
$0
$0
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
Average Costs
To Make a Loan
Electronic
Non Electronic
N/A
$144.32
To Maintain a Loan-Monthly
Electronic
Non Electronic
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
N/A
N/A
71
N/A
N/A
N/A
N/A
Student Loans - Item Costs
3 Institutions
Assets up to $150 M
Net
Indirect Expense
Activity
Applications-Electronic
Applications-NonElectronic
Payments-Electronic
Payments-Non Electronic
Loan Set Up
Loan Disbursement
Loan Maintenance
Total
Direct Expense
Direct
Net Indirect
Activity
Applications-Electronic
Applications-Non Electronic
Payments-Electronic
Payments-Non Electronic
Loan Set Up
Loan Disbursement
Loan Maintenance-Monthly
Item Costs
$0.00
$27.52
$0.00
$0.00
$69.68
$10.02
$46.67
Item Costs
$0.00
$9.53
$0.00
$0.00
$24.12
$3.47
$25.99
Total Expense
$0
$0
$0
$1,213
$322
$0
$0
$1,535
$0
$0
$2,839
$408
$2,800
$7,260
$0
$724
$104
$1,560
$2,710
Institutions
$0
$3,563
$512
$4,360
$9,970
Total
Item Costs
$0.00
$37.05
$0.00
$0.00
$93.79
$13.48
$72.67
Assets> $150 M
Net
$0
Indirect Expense
$0
$0
$0
Activity
Applications-Electronic
Applications-Non Electronic
Payments-Electronic
Payments-NonElectronic
Loan Set Up
Loan Disbursement
Loan Maintenance
Total
Direct Expense
Direct
Net Indirect
Activity
Applications-Electronic
Applications-Non Electronic
Payments-Electronic
Payments-Non Electronic
Loan Set Up
Loan Disbursement
Loan Maintenance-Monthly
Item Costs
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
Item Costs
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$.Q
$0
$.Q
$.Q
$0
72
Total Expense
$0
$0
Total
Item Costs
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
Other Consumer Loans
OTHER CONSUMER LOANS
This product includes all other consumer installment loans, such as check credit loans, mobile home loans
(if not secured by real estate), non pre-authorized overdrafts in consumer checking accounts, and consumer
lease financing receivables. The income graphed below is shown before transfer pricing.
Other Consumer Loans Net Income
(Before Transfer Pricing)
% of volume
6 .00% - - - - - - - - - - - - - - - - - - - - - - - -
Assets <= $1 SOM
Assets >$1 SOM
Other Consumer Loans - Nonlnterest Income/ Total
Income
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Assets<= $150M
Assets >$150M
73
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
This page left intentionally blank.
74
Other Consumer Loans
Dollars
12 Institutions
7 Institutions
Assets up to $150 M
Assets > $150 M
$1,619,379
$ VOLUME OF OUTSTANDINGS
Average# Loans Outstanding
Other Consumer Loan Outstandings/Earning Assets
560
2.00%
Interest Income
$186,006
-Cost of Funds (COF)
$54.156
$131,851
Net Interest Income
+Nonlnterest Income
Net Income Before Nonlnterest Expense
$9,159,981
1,867
4.56%
$888,333
$322.283
$566,049
$9.277
$36,913
$141,127
$602,962
-Nonlnterest Expenses
Direct Expenses
Salary
Fringe Benefits
Personnel Expense
$35,894
$8.459
$44,352
Vendor Data Processing
Furniture & Equipment
Printing, Postage, & Freight
Telephone & Electronic Access
Occupancy
Professional Fees-Legal & Other
Credit Reports
All Other Direct Expenses
Total Direct Expenses
-Net Loan Losses
Net Income
Memo: Net Income Before COF and CFO
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$3,273
$7,218
$6,900
$3,578
$17,111
75
$15,031
$1,027
$4,795
$5,233
$16,956
$928
$898
$1,303
$13.583
$79,772
$23.039
$28,279
$13.772
$121,823
Net Indirect Expenses
Charge for Funding Operations (CFO)
Total Nonlnterest Expense
$136,310
$26.367
$162,677
$2,357
$250,486
$137,624 .
$92.307
$480,417
$4.965
$44.192
$14,339
$78,354
$82,267
$492,944
Other Consumer Loans
Percent of Other Consumer Loan$ Volume
$ VOLUME OF OUTSTANDINGS
12 Institutions
7 Institutions
Assets up to $150 M
Assets > $150 M
$1,619,379
Interest Income
-Cost of Funds (COF)
Net Interest Income
+Nonlnterest Income
Net Income Before Nonlnterest Expense
$9,159,981
11.49%
9.70%
3.34%
8.14%
0.57%
8.71%
3.52%
6.18%
0.40%
6.58%
-Nonlnterest Expenses
Direct Expenses
Salary
Fringe Benefits
Personnel Expense
2.22%
0.52%
2.74%
1.49%
0.29%
1.78%
0.20%
0.43%
0.22%
0.06%
0.32%
0.06%
0.06%
0.84%
4.93%
0.08%
0.19%
0.16%
0.05%
0.19%
0.01%
0.03%
0.25%
2.73%
1.75%
0.85%
7.52%
1.50%
1.01%
5.24%
-Net Loan Losses
Net Income
0.31%
0.89%
0.48%
0.86%
Memo: Net Income Before COF and CFO
5.08%
5.38%
Nonlnterest Income/Total Direct Expenses
11.63%
14.74%
Personnel Expanse/Total Direct Expenses
55.60%
64.94%
Net Indirect Expenses/Total Direct Expenses
35.45%
54.94%
1.26
4.63
Vendor Data Processing
Furniture & Equipment
Printing, Postage, & Freight
Telephone & Electronic Access
Occupancy
Professional Fees - Legal & Other
Credit Reports
All Other Direct Expenses
Total Direct Expenses
Net Indirect Expenses
Charge for Funding Operations (CFO)
Total Nonlnterest Expense
Pre-Tax Ratios
Other Consumer Loans FTE Personnel
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
76
Other Consumer Loan Information
12 Institutions
7 Institutions
Assets up to $150 M
Assets > $150 M
$1,619,379
560
$2,891
$ VOLUME OF OUTSTANDINGS
Average # Loans Outstanding
Average Size Loan
# Loans Made
# Loans Serviced
# Payments Received
Electronic
Non Electronic
# Applications Received
Electronic
Non Electronic
# Applications Approved
FTE Personnel
Productivity Measures
Applications Approved/Applications Received
Loans Made/Applications Received
Loans Made/Applications Approved
Average Number Loans Outstanding/FTE Personnel
Loans Made/FTE Personnel
Nonlnterest lncome/FTE Personnel
Personnel Expense/FTE Personnel
$ Volume Outstanding/FTE Personnel
326
562
985
1,867
2,266
2,938
1,407
16,737
0
548
428
1.26
0
1,158
972
4.63
78.11%
59.52%
76.20%
443.92
258.65
$7,353
$35,154
$1,283,524
Item Costs
Applications-Electronic
Applications-NonElectronic
Payments-Electronic
Payments-Non Electronic
Loan Set Up
Loan Disbursement
Loan Maintenance-Monthly
$9,159,981
1,867
$4,906
84.00%
85.07%
101.28%
402.93
212.52
$7,965
$35,103
$1 ,976,568
$0.00
$23.98
$0.19
$3.23
$68.14
$9.80
$10.12
$0.00
$41.27
$0.29
$4.95
$104.51
$15.03
$15.53
To Make a Loan
Electronic
Non Electronic
N/A
$93.44
N/A
$160.81
To Maintain a Loan-Monthly
Electronic
NonElectronic
$10.31
$13.35
Average Costs
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
77
$15.82
$20.47
Other Consumer Loans - Item Costs
12 Institutions
Assets up to $150 M
Net
Activity
Applications-Electronic
Applications-Non Electronic
Payments-Electronic
Payments-Non Electronic
Loan Set Up
Loan Disbursement
Loan Maintenance
Total
Direct Expense
$0
$7,921
$337
$6,854
$15,513
$2,230
$46,918
$79,772
Activity
Applications-Electronic
Applications-Non Electronic
Payments-Electronic
Payments-Non Electronic
Loan Set Up
Loan Disbursement
Loan Maintenance-Monthly
Direct
Item Costs
$0.00
$17.34
$0.14
$2.31
$48.79
$7.02
$7.25
7 Institutions
Indirect Expense
$0
$2,942
$91
$2,724
$5,499
$791
$16,232
$28,279
Net Indirect
Item Costs
$0.00
$6.65
$0.05
$0.92
$19.35
$2.78
$2.88
Total Expense
$0
$10,863
$428
$9,578
$21,012
$3,021
$63,149
$108,051
Total
Item Costs
$0.00
$23.98
$0.19
$3.23
$68.14
$9.80
$10.13
Assets> $150 M
Net
Activity
Applications-Electronic
Applications-Non Electronic
Payments-Electronic
Payments-Non Electronic
Loan Set Up
Loan Disbursement
Loan Maintenance
Total
Activity
Applications-Electronic
Applications-Non Electronic
Payments-Electronic
Payments-Non Electronic
Loan Set Up
Loan Disbursement
Loan Maintenance-Monthly
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Direct Expense
$0
$17,933
$172
$37,576
$38,838
$5,584
$150,383
$250,486
Direct
Item Costs
$0.00
$28.09
$0.20
$3.37
$71.13
$10.23
$10.57
78
Indirect Expense
$0
$10,756
$95
$19,180
$22,617
$3,252
$81,724
$137,624
Net Indirect
Item Costs
$0.00
$13.18
$0.09
$1.58
$33.37
$4.80
$4.96
Total Expense
$0
$28,690
$267
$56,756
$61,455
$8,836
$232,107
$388,110
Total
Item Costs
$0.00
$41.27
$0.29
$4.95
$104.50
$15.03
$15.52
Commercial Installment Loans
COMMERCIAL INSTALLMENT LOANS
Commercial installment loans are commercial, industrial and agricultural loans that are paid in regular
installments and/or are serviced by the institutions' consumer lending personnel. FCA separates these loans
from other commercial loans due to their different processing requirements. The income graphed below is
shown before transfer pricing.
Commercial Installment Loans Net Income
(Before Transfer Pricing)
% of volume
Assets <= $150M
Assets >$150M
Commercial Installment Loans - Nonlnterest Income I
Total Income
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Assets<= $150M
Assets >$150M
79
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
This page left intentionally blank.
80
Commercial Installment Loans
Dollars
6 Institutions
Institutions
Assets u~ to i1so M
Assets > i150 M
$2,619,296
$ VOLUME OF OUTSTANDINGS
127
3.87%
Average # Loans Outstanding
Commercial Installment Outstandings/Earning Assets
Interest Income
$0
0
0.00%
$217,839
$0
-Cost of Funds (COF)
$86.595
1Q
Net Interest Income
+Nonlnterest Income
$131 ,244
$0
$2,366
iQ
$133,610
$0
Net Income Before Nonlnterest Expense
-Nonlnterest Expenses
Direct Expenses
Salary
Fringe Benefits
Personnel Expense
Vendor Data Processing
$23,844
$4.620
$28,464
iQ
$0
$0
$765
$0
Furniture & Equipment
$1 ,221
$0
Printing, Postage, & Freight
Telephone & Electronic Access
$1 ,063
$0
$622
$3,756
$0
$0
$527
$100
$0
$0
Occupancy
Professional Fees-Legal & Other
Credit Reports
All Other Direct Expenses
$4.359
iQ
Total Direct Expenses
$40,875
$0
Net Indirect Expenses
Charge for Funding Operations (CFO)
Total Nonlnterest Expense
$18,938
$21.032
$80,845
1Q
- Net Loan Losses
Net Income
Memo: Net Income Before COF and CFO
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
81
$0
$0
$24.252
$28,513
iQ
$136,140
$0
$0
Commercial Installment Loans
Percent of Commercial Installment Loan $ Volume
$ VOLUME OF OUTSTANDINGS
6 Institutions
Institutions
Assets up to $150 M
Assets > $150 M
$2,619,296
$0
Interest Income
8.32%
0.00%
-Cost of Funds (COF)
Net Interest Income
+Nonlnterest Income
Net Income Before Nonlnterest Expense
3.31%
5.01%
0.09%
5.10%
0.00%
0.00%
0.00%
0.00%
-Non Interest Expenses
Direct Expenses
Salary
Fringe Benefits
Personnel Expense
0.91%
0.18%
1.09%
0.00%
0.00%
0.00%
0.03%
0.05%
0.04%
0.02%
0.14%
0.02%
0.00%
0.17%
1.56%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.72%
0.80%
3.09%
0.00%
0.00%
0.00%
Net Income
0.93%
1.09%
0.00%
0.00%
Memo: Net Income Before COF and CFO
5.20%
0.00%
Nonlnterest Income/Total Direct Expenses
5.79%
0.00%
Personnel Expense/Total Direct Expenses
69.64%
0.00%
Net Indirect Expenses/Total Direct Expenses
46.33%
0.00%
0.72
0.00
Vendor Data Processing
Furniture & Equipment
Printing, Postage, & Freight
Telephone & Electronic Access
Occupancy
Professional Fees - Legal & Other
Credit Reports
All Other Direct Expenses
Total Direct Expenses
Net Indirect Expenses
Charge for Funding Operations (CFO)
Total Nonlnterest Expense
-Net Loan Losses
Pre-Tax Ratios
Commercial Installment Loans FTE Personnel
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
82
Commercial Installment Loan Information
6 Institutions
Institutions
Assets up to $150 M
Assets > $150 M
$2,619,296
127
$20,679
$ VOLUME OF OUTSTANDINGS
Average# Loans Outstanding
Average Size Loan
# Loans Made
# Loans Serviced
# Payments Received
Electronic
Non Electronic
# Applications Received
Electronic
Non Electronic
# Applications Approved
FTE Personnel
Productivity Measures
Applications Approved/Applications Received
Loans Made/Applications Received
$0
0
$0
50
0
127
0
232
0
770
0
0
0
58
0
68
0
0.72
0.00
117.29%
0.00%
86.17%
0.00%
73.46%
Loans Made/Applications Approved
Average Number Loans Outstanding/FTE Personnel
Loans Made/FTE Personnel
Nonlnterest lncome/FTE Personnel
Personnel Expense/FTE Personnel
$ Volume Outstanding/FTE Personnel
Item Costs
Applications-Electronic
Applications-Non Electronic
Payments-Electronic
Payments-Non Electronic
Loan Set Up
Loan Disbursement
Loan Maintenance-Monthly
0.00%
176.33
0.00
69.37
0.00
$3,294
$0
$39,625
$0
$3,646,352
$0
$0.00
$0.00
$113.53
$0.00
$0.20
$0.00
$10.61
$0.00
$29.23
$0.00
$3.48
$0.00
$86.52
$0.00
Average Costs
To Make a Loan
N/A
Electronic
$146.23
Non Electronic
To Maintain a Loan-Monthly
$86.71
Electronic
$97.13
Non Electronic
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
83
N/A
N/A
N/A
N/A
Commercial Installment Loans - Item Costs
6 Institutions
Assets up to $150 M
Net
Activity
Applications-Electronic
Applications-Non Electronic
Payments-Electronic
Payments-Non Electronic
Loan Set Up
Loan Disbursement
Loan Maintenance
Total
Direct Expense
Indirect Expense
$0
$0
$5,347
$14
$2,256
$1,192
$142
$31,925
$40,875
$2,290
$6
$1,061
$512
$61
$15,007
$18,938
$7,637
$20
$3,317
$1 ,705
$203
$46,932
$59,813
Direct
Net Indirect
Total
Item Costs
$0.00
$113.53
$0.20
$10.61
$29.23
$3.48
$86.51
Item Costs
Item Costs
$0.00
$79.60
$0.13
$7.04
$20.49
$2.44
$57.38
Activity
Applications-Electronic
Applications-Non Electronic
Paym ants-Electronic
Payments-Non Electronic
Loan Set Up
Loan Disbursement
Loan Maintenance-Monthly
Institutions
Total Expense
$0
$0.00
$33.93
$0.07
$3.58
$8.74
$1.04
$29.13
Assets > $150 M
Net
Activity
Applications-Electronic
Applications-Non Electronic
Payments-Electronic
Payments-NonElectronic
Loan Set Up
Loan Disbursement
Loan Maintenance
Total
Direct Expense
$0
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Total Expense
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
iQ
iQ
iQ
$0
$0
$0
$0
Direct
Activity
Applications-Electronic
Applications-Non Electronic
Payments-Electronic
Payments-Non Electronic
Loan Set Up
Loan Disbursement
Loan Maintenance-Monthly
Indirect Expense
$0
Item Costs
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
84
Net Indirect
Item Costs
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
Total
Item Costs
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
FCA What-If Analysis Reporting
Scenario:
ASSETS OF $150 MILLION OR LESS
BREAK-EVEN LOAN BALANCES
Institution Name:
ASSETS OF $150 MILLION OR LESS
Product Line:
Installment Loans
Product:
Commercial Installment
INPUT VARIABLES:
$146.23
Cost to Make a Loan
Cost to Process a Payment
Cost to Maintain a Loan - Monthly
Product Cost of Funds Rate :
$8.20
$86.52
3.31%
Loan Loss Rate :
0.93%
Return on Nonlnterest Income :
0.09%
INTEREST RA TES AND BREAK-EVEN LOAN BALANCES
Maturity
(Years)
Periods
(Payments)
1
8.00%
8.25%
8.50%
8.75%
12
$60,555
$56,842
$53,555
$50,626
2
24
$58,240
$54,647
$51,467
$48,633
3
36
$56,741
$53,221
$50,105
$47,329
$48,965
$46,236
$47,939
$45,251
4
48
$55,489
$52,028
5
60
$54,362
$50,954
72
$53,318
$49,959
$46,987
$44,339
7
84
$52,335
$49,024
$46,094
$43,483
8
96
$51 ,405
$48,138
$45,248
$42,673
$41 ,905
6
108
$50,520
$47,297
$44,445
10
120
$49,675
$46,494
$43,680
$41 ,174
Maturity
(Years)
Periods
(Payments)
1
12
9
9.00%
9.25%
9.50%
9.75%
$47,998
$45,629
$43,480
$41 ,524
$39,828
$38,703
2
24
$46,091
$43,799
$41 ,721
3
36
$44,838
$42,593
$40,557
$43,787
$41 ,580
$39,578
$37,756
$38,697
$36,903
4
48
5
60
$42,841
$40,667
6
72
$41,964
$39,823
$37,882
$36,115
7
84
$41,142
$39,031
$37,117
$35,376
$40,365
$38,283
$36,396
$34,679
$35,713
$34,020
$35,065
$33,394
8
96
9
108
$39,627
$37,574
10
120
$38,926
$36,900
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
85
FCA What-If Analysis Reporting
Scenario:
ASSETS OF $150 MILLION OR LESS
BREAK-EVEN LOAN BALANCES
Institution Name: ASSETS OF $150 MILLION OR LESS
Product Line:
Installment Loans
Product:
Commercial Installment
Loan Break-Even Curves for Fixed Maturities
70 ~ - - - - - - - - - - - - - - - - - - - - - - - 60 - . . , . . . . . - - - - - - - - - - - - - - - - - - - - - - 50
._=---=------=~=•---==--..::::::111---==---=-----------
1 t------=~=====::=i;e::::=:::::~~§§:~==§i§§§
-+-1 Year
g
----.- 5 Year
I/)
40
.c
30
+--------------------------
I-
~ 20 - - - - - - - - - - - - - - - - - - - - - - - - -
10 - - - - - - - - - - - - - - - - - - - - - - - - 0 -----.------.-------.-----.----.---------.-------.
8.00%
8.25%
8.50%
8.75%
9.00%
9.25%
9.50%
9.75%
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
1997 Market Interest Rate
86
-•-3 Year
~
10 Year
FCA What-If Analysis Reporting
Scenario: Assets Over $150 Million
BREAK-EVEN LOAN BALANCES
Institution Name: ASSETS OVER $150 MILLION
Product Line:
Installment Loans
Product:
Commercial Installment
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Insufficient Data
87
FCA What-If Analysis Reporting
Scenario: Assets Over $150 Million
BREAK-EVEN LOAN BALANCES
Institution Name: ASSETS OVER $150 MILLION
Product Line:
Installment Loans
Product:
Commercial Installment
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Insufficient Data
88
Credit Card Loans
CREDIT CARD LOANS
This product includes credit card loans and cash advances to both consumers and businesses. The income
graphed below is shown before transfer pricing .
Credit Card Loans Net Income
(Before Transfer Pricing)
% of volume
5.00%
4.00%
3.00%
2.00%
1.00%
0.00%
Assets<= $150M
Assets >$1 SOM
-1 .00%
Credit Card Loans - Nonlnterest Income I Total
Income
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Assets<= $150M
Assets >$150M
89
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
This page left intentionally blank.
90
Credit Card Loans
Dollars
$ VOLUME OF OUTSTANDING$
6 Institutions
4 Institutions
Assets up to $150 M
Assets> $150 M
$890,654
Average # Active Accounts
Credit Card Outstandings/Earning Assets
845
0.89%
$100,690
Interest Income
$1,521,453
2,182
0.55%
$170,304
-Cost of Funds (COF)
$29.559
Net Interest Income
$71,131
+Nonlnterest Income
Incoming Interchange
Other
$18,528
$63,578
$9,034
$27,561
$12,833
$76,411
Total Nonlnterest Income
Net Income Before Nonlnterest Expense
$59.958
$110,345
$98,692
$186,756
$19,711
$24,577
$5,336
$25,047
$31, 739
$4,316
$36,711
-Nonlnterest Expenses
Direct Expenses
Salary
Fringe Benefits
Personnel Expense
Vendor Data Processing
Furniture & Equipment
$6,586
$3,317
Printing, Postage, & Freight
Telephone & Electronic Access
Occupancy
Franchise Fees
Professional Fees-Legal & Other
Credit Reports
All Other Direct Expenses
Total Direct Expenses
Net Indirect Expenses
Charge for Funding Operations (CFO)
Total Nonlnterest Expense
- Net Loan Losses
- Credit Card Fraud Losses
Net Income
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$940
$5,103
$16,738
$4,558
$17,475
$101
$168
$1,584
$349
$22,732
$7,424
$85,230
$113,050
$30,101
$9,379
$124,709
$41,000
$12.391
$166,440
$13,972
$22,953
$3,023
($5,660)
($40,170)
($1 ,232)
91
$6,809
$5,552
$1,029
$jfil
Memo: Net Income Before COF and CFO
$7,162
$66,689
Credit Card Loans
Percent of Credit Card Loan$ Volume
$ VOLUME OF OUTSTANDINGS
6 Institutions
4 Institutions
Assets up to $150 M
Assets > $150 M
$890,654
Interest Income
-Cost of Funds (COF)
Net Interest Income
+Nonlnterest Income
Incoming Interchange
Other
Total Nonlnterest Income
Net Income Before Nonlnterest Expense
-Nonlnterest Expenses
Direct Expenses
Salary
Fringe Benefits
Personnel Expense
$1,521,453
11.31%
11.19%
3.32%
7.99%
3.94%
7.25%
2.08%
1.01%
3.09%
4.18%
0.84%
5.02%
11.08%
12.27%
2.21%
0.60%
2.81%
1.62%
0.47%
2.09%
0.48%
0.74%
0.37%
0.11%
0.57%
1.88%
0.01%
0.04%
2.55%
9.57%
2.41%
0.45%
0.36%
0.07%
0.30%
1.15%
0.01%
0.10%
0.49%
7.43%
3.38%
1.05%
14.00%
2.69%
0.81%
10.94%
-Net Loan Losses
-Credit Card Fraud Losses
Net Income
1.57%
0.02%
(4.51%)
1.51%
0.20%
(0.37%)
Memo: Net Income Before COF and CFO
(0.14%)
4.38%
Vendor Data Processing
Furniture & Equipment
Printing, Postage, & Freight
Telephone & Electronic Access
Occupancy
Franchise Fees
Professional Fees - Legal & Other
Credit Reports
All Other Direct Expenses
Total Direct Expenses
Net Indirect Expenses
Charge for Funding Operations (CFO)
Total Nonlnterest Expense
Pre-Tax Ratios .
Nonlnterest Income/Total Direct Expenses
32.34%
67.59%
Personnel Expense/Total Direct Expenses
29.39%
28.08%
Net Indirect Expenses/Total Direct Expenses
35.32%
36.27%
o.n
1.04
Credit Card Loan FTE Personnel
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
92
Credit Card Loan Information
6 Institutions
4 Institutions
Assets up to $150 M
Assets > $150 M
$890,654
845
$1,054
$ VOLUME OF OUTSTANDINGS
Average# Active Accounts
Average Account Size
# Accounts Opened
$1,521 ,453
2,182
$697
63
321
647
2,182
Electronic
3,512
7,383
Non Electronic
5,425
5,012
0
106
0
529
# Accounts Serviced
# Payments Received
# Applications Received
Electronic
Non Electronic
# Applications Approved
49
321
0.77
1.04
Productivity Measures
Applications Approved/Applications Received
45.83%
60.59%
Accounts Opened/Applications Received
59.53%
60.59%
Accounts Opened/Applications Approved
129.90%
100.00%
FTE Personnel
Average Number Active Accounts/FTE Personnel
1,097.40
Accounts Opened/FTE Personnel
Nonlnterest lncome/FTE Personnel
Personnel Expense/FTE Personnel
$ Volume Outstandings/FTE Personnel
Item Costs
Applications-Electronic
Applications-Non Electronic
2,103.13
81.82
308.92
$35,794
$73,649
$32,529
$30,592
$1,156,693
$1,466,461
$0.00
$0.00
$118.35
$32.69
$0.15
Payments-Electronic
$0.25
Payments-Non Electronic
$4.49
$2.56
Account Set Up
$4.39
$1.21
Account Maintenance-Monthly
$5.29
$6.43
Average Costs
To Open an Account
Electronic
N/A
Non Electronic
$122.74
N/A
$33.90
To Maintain an Account - Monthly
Electronic
$5.42
$5.97
Non Electronic
$7.70
$8.20
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
93
Credit Card Loans - Item Costs
6 Institutions
Assets up to $150 M
Net
Activity
Applications-Electronic
Applications-Non Electronic
Direct Expense
Payments-Electronic
Payments-Non Electronic
Account Set Up
Account Maintenance
Total
Payments-Electronic
Payments-Non Electronic
Account Set Up
Account Maintenance-Monthly
4 Institutions
Total Expense
$0
$0
$0
$4,186
$871
$22,485
$102
$57,586
$85,230
$1,576
$220
$10,059
$39
$18,208
$30,101
$5,761
$1,091
$32,544
$140
$75,794
$115,330
Net Indirect
Total
Item Costs
$0.00
$84.55
Item Costs
$0.00
$33.80
Item Costs
$0.17
$3.15
$0.08
$0.25
$1.34
$4.49
$3.13
$3.82
$1.25
$1.48
$4.39
$5.29
Indirect Expense
$0
$4,060
$270
$2,668
$90
$33 911
$41,000
Total Expense
Direct
Activity
Applications-Electronic
Applications-Non Electronic
Indirect Expense
$0.00
$118.35
Assets > $150 M
Net
Activity
Applications-Electronic
Applications-Non Electronic
Payments-Electronic
Payments-Non Electronic
Account Set Up
Account Maintenance
Total
Direct Expense
$0
$15,514
$333
$9,618
$313
$87,272
$113,050
Direct
Activity
Applications-Electronic
Applications-Non Electronic
Payments-Electronic
Payments-Non Electronic
Account Set Up
Account Maintenance-Monthly
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$0
$19,574
$603
$12,286
$403
$121,183
$154,049
Net Indirect
Total
Item Costs
$0.00
$23.46
Item Costs
$0.00
$9.23
Item Costs
$0.10
$1.90
$0.66
$2.56
$0.87
$4.62
$0.34
$1.82
$1.21
$6.43
94
$0.04
$0.00
$32.69
$0.15
Commercial Loan Summary
Dollars
14 Institutions
7 Institutions
Assets up to $150 M
Assets > $150 M
$14,675,386
$ VOLUME OF OUTSTANDINGS
Average # Loans Outstanding
$38,498,357
1,286
17.85%
Commercial Loan Outstandings/Eaming Assets
1,371
14.88%
$1 ,458,092
Interest Income
$3,517,619
-Cost of Funds (COF)
$567.186
$1,662,335
Net Interest Income
$890,906
$1,855,283
+Nonlnterest Income
Net Income Before Nonlnterest Expense
$10,956
$25,100
$901,862
$1,880,384
-Nonlnterest Expenses
Direct Expenses
Salary
Fringe Benefits
$140,899
$35,879
$60,697
Personnel Expense
$176, 778
$347,926
$7,471
$26,470
Vendor Data Processing
Furniture & Equipment
Printing, Postage, & Freight
Telephone & Electronic Access
Occupancy
Professional Fees-Legal & Other
Credit Reports
All Other Direct Expenses
$287,229
$24,921
$23,317
$12,872
$3,574
$25,676
$18,249
$8,122
$40,570
$4,773
$10,172
$1,001
$4,612
$48,572
$33,599
Total Direct Expenses
$298,211
$520,464
Net Indirect Expenses
$101,154
$313,444
Charge for Funding Operations (CFO)
$131,609
Total Nonlnterest Expense
$530,974
$1,145,013
- Net Loan Losses
$311,106 •
$105,770
$254,573
Net Income
$265,118
$480,798
Memo: Net Income Before COF and CFO
$963,913
$2,454,239
Composition of Commercial Loan Portfolio
Assets up to $150 M
3%
3% 6%
\
D C&I
= seA
42%
Assets > $150 M
24%
54%
1%
Loan Type
Commercial & Industrial
SBA
Agricultural
Other Commercial
Total
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
C&I
■ Ag
■ Ag
= SBA
=:J Other
□ Other
Volume
Loan Type
Commercial & Industrial
$7,796,316
SBA
Agricultural
Other Commercial
Total
$137,548
$6,231 ,980
$509,542
$14,675,386
95
Volume
$25,621 ,070
$1 ,180,612
$9,231 ,549
$2,465,126
$38,498,357
Commercial Loan Summary
Percent of Commercial Loan $ Volume
$ VOLUME OF OUTSTANDINGS
14 Institutions
7 Institutions
Assets up to $150 M
Assets > $150 M
$14,675,386
Interest Income
-Cost of Funds (COF)
Net Interest Income
+Nonlnterest Income
Net Income Before Nonlnterest Expense
$38,498,357
9.94%
9.14%
3.86%
6.07%
0.07%
6.15%
4.32%
4.82%
0.07%
4.88%
-Nonlnterest Expenses
Direct Expenses
Salary
Fringe Benefits
Personnel Expense
0.96%
0.24%
1.20%
0.75%
0.16%
0.90%
Vendor Data Processing
Furniture & Equipment
Printing, Postage, & Freight
Telephone & Electronic Access
Occupancy
Professional Fees - Legal & Other
Credit Reports
All Other Direct Expenses
Total Direct Expenses
0.05%
0.17%
0.09%
0.02%
0.12%
0.03%
0.01%
0.33%
2.03%
0.07%
0.06%
0.07%
0.02%
0.11%
0.03%
0.01%
0.09%
1.35%
Net Indirect Expenses
Charge for Funding Operations (CFO)
0.69%
0.90%
3.62%
0.81%
0.81%
2.97%
Net Income
0.72%
1.81%
0.66%
1.25%
Memo: Net Income Before COF and CFO
6.57%
6.37%
Nonlnterest Income/Total Direct Expenses
3.67%
4.82%
Personnel Expense/Total Direct Expenses
59.28%
66.85%
Net Indirect Expenses/Total Direct Expenses
33.92%
60.22%
3.50
8.64
Total Nonlnterest Expense
-Net Loan Losses
Pre-Tax Ratios
Commercial Loans FTE Personnel
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
96
Contribution to Commercial Loan Income and Direct Expenses
Contribution to Commercial Loan Income*
$2,500,000
$2,000,000
$1,500,000
ma Assets up to $150 M l
$1,000,000
$500,000
■ Assets>
$150 M
f'
C&I
Ag
SBA
Loan Type
Other
14 Institutions
7 Institutions
Assets up to $150 M
Assets > $150 M
Commercial & Industrial
$744,917
$2,274,087
Agricultural
SBA
$659,358
$14,086
$899,289
$101,142
$50,687
$1,469,048
$268,201
$3,542,719
Other
Total
Contribution to Commercial Loan Direct Expenses
$350,000
$300,000
$250,000
$200,000
Ill Assets up to $150 M I
$150,000
: ■ Assets> $150 M
$100,000
$50,000
$0
C&I
Ag
Other
SBA
14 Institutions
Assets up to $150 M
Loan Type
Commercial & Industrial
Agricultural
7 Institutions
Assets > $150 M
$130,385
$328,389
$119,157
$111,222
SBA
$3,386
$16,550
Other
$45,283
$64,302
$298,211
$520,464
Total
• lncome=lnterest Income + Nonlnterest Income
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
97
Commercial & Industrial Loans
COMMERCIAL & INDUSTRIAL LOANS
Commercial and industrial loans include those made to sole proprietorships, partnerships, corporations, and
other business enterprises. Commercial loans processed by installment loan staff are included with the
commercial installment loans. The income graphed below is shown before transfer pricing.
Commercial & Industrial Loans Net Income
(Before Transfer Pricing)
% of volume
Assets<= $150M
Assets >$1 SOM
Conmercial & Industrial Loans - Nonlnterest Income/ Total
Income
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Assets <= $1 SOM
Assets >$1 SOM
98
Commercial & Industrial Loans Summary
Dollars
14 Institutions
6 Institutions
Assets up to $150 M
Assets > $150 M
$7,796,316
256
9.23%
$ VOLUME OF OUTSTANDINGS
Average # Loans Outstanding
Commercial & Industrial Outstandings/Earning Assets
Interest Income
$738,034
$29,891,248
893
11.43%
$2,648,743
-Cost of Funds (COF)
$294.531
$__1.267.759
Net Interest Income
$443,504
$1,380,984
+Nonlnterest Income
Net Income Before Nonlnterest Expense
$6,883
$4,358
$450,386
$1,385,342
-Nonlnterest Expenses
Direct Expenses
Salary
Fringe Benefits
Personnel Expense
Vendor Data Processing
Furniture & Equipment
Printing, Postage, & Freight
Telephone & Electronic Access
Occupancy
Professional Fees - Legal & Other
Credit Reports
All Other Direct Expenses
$64,001
$16,358
$80,358
$211,729
$42,302
$254,031
$3,484
$10,575
$5,637
$1 ,611
$8,040
$2,574
$374
$22,571
$16,224
$16,903
$5,997
$25,988
$9,339
$17,733
$130,385
Total Direct Expenses
Net Indirect Expenses
Charge for Funding Operations (CFO)
Total Nonlnterest Expense
$46,247
-Net Loan Losses
$3,480·
$28,587
$383,120
$200,665
$71,450
$258.268
$248,082
$842,053
$77,298
$205,995
Net Income
$125,006
$337,293
Memo: Net Income Before COF and CFO
$490,986
$1 ,863,320
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
99
Commercial & Industrial Loans Summary
Percent of Commercial & Industrial Loan $ Volume
$ VOLUME OF OUTSTANDINGS
14 Institutions
6 Institutions
Assets up to $150 M
Assets > $150 M
$7,796,316
$29 ,891,248
Interest Income
9.47%
8.86%
-Cost of Funds (COF)
Net Interest Income
+Nonlnterest Income
Net Income Before Nonlnterest Expense
3.78%
5.69%
0.09%
5.78%
4.24%
4.62%
0.01%
4.63%
-Nonlnterest Expenses
Direct Expenses
Salary
Fringe Benefits
Personnel Expense
0.82%
0.21%
1.03%
0.71%
0.14%
0.85%
0.04%
0.14%
0.07%
0.02%
0.10%
0.03%
0.00%
0.23%
1.67%
0.08%
0.05%
0.06%
0.02%
0.09%
0.03%
0.01%
0.10%
1.28%
0.59%
0.92%
3.18%
0.67%
0.86%
2.82%
Net Income
0.99%
1.60%
0.69%
1.13%
Memo: Net Income Before COF and CFO
6.30%
6.23%
Nonlnterest Income/Total Direct Expenses
5.28%
1.14%
Personnel Expense/Total Direct Expenses
61.63%
66.31%
Net Indirect Expenses/Total Direct Expenses
35.47%
52.38%
1.47
6.05
Vendor Data Processing
Furniture & Equipment
Printing, Postage, & Freight
Telephone & Electronic Access
Occupancy
Professional Fees - Legal & Other
Credit Reports
All Other Direct Expenses
Total Direct Expenses
Net Indirect Expenses
Charge for Funding Operations (CFO)
Total Nonlnterest Expense
-Net Loan Losses
Pre-Tax Ratios
Commercial & Industrial Loans FTE Personnel
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
100
Commercial & Industrial Loans Information
14 Institutions
Assets up to $150 M
$7,796,316
256
$30,471
$ VOLUME OF OUTSTANDINGS
Average# Loans Outstanding
Average Size Loan
# Loans Made
# Loans Serviced
# Payments Received
Electronic
Non Electronic
# Applications Received
Electronic
Non Electronic
# Applications Approved
FTE Personnel
Productivity Measures
Applications Approved/Applications Received
Loans Made/Applications Received
Loans Made/Applications Approved
Average Number Loans Outstanding/FTE Personnel
Loans Made/FTE Personnel
Nonlnterest lncome/FTE Personnel
Personnel Expense/FTE Personnel
$ Volume Outstanding/FTE Personnel
$29,891,248
893
$33,492
248
257
1,917
916
88
1,867
113
6,189
0
260
248
1.47
0
2,111
1,891
6.05
95.39%
95.47%
100.09%
173.63
168.54
$4,671
$54,533
$5,290,762
Item Costs
Applications-Electronic
Applications-Non Electronic
Payments-Electronic
Payments-Non Electronic
Loan Set Up
Loan Disbursement
Loan Maintenance-Monthly
& Institutions
Assets> $150 M
89.58%
90.82%
101 .38%
147.44
316.63
$720
$41,965
$4,937,982
$0.00
$180.84
$0.01
$1.57
$47.02
$22.31
$32.38
$0.00
$276.73
$0.02
$2.40
$71.95
$34.14
$49.56
N/A
$250.17
N/A
$382.83
$32.40
$33.95
$49.57
$51.96
Average Costs
To Make a Loan
Electronic
Non Electronic
To Maintain a Loan-Monthly
Electronic
Non Electronic
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
101
Commercial & Industrial Loans - Item Costs
14 Institutions
Assets up to $150 M
Net
Indirect Expense
Activity
Applications-Electronic
Applications-Non Electronic
Payments-Electronic
Payments-Non Electronic
Loan Set Up
Loan Disbursement
Loan Maintenance
Total
Direct Expense
Direct
Net Indirect
Activity
Applications-Electronic
Applications-Non Electronic
Payments-Electronic
Payments-Non Electronic
Loan Set Up
Loan Disbursement
Loan Maintenance-Monthly
Item Costs
$0.00
$132.89
$0.01
$1.15
$34.55
$16.40
$23.80
Item Costs
6 Institutions
$0
$0
$34,579
$1
$2,763
$8,482
$4,025
$80,534
$130,385
$13,009
$47,588
$2
$3,701
$11,669
$5,537
$108.134
$176,632
$0
$939
$3,187
$1,512
$27,600
$46,247
$0.00
$47.95
$0.00
$0.42
$12.47
$5.92
$8.59
Total
Item Costs
$0.00
$180.84
$0.01
$1.57
$47.02
$22.31
$32.38
Assets > $150 M
Net
Indirect Expense
$0
$57,267
$1
$3,788
$14,242
$6,759
$118,609
$200,665
Activity
Applications-Electronic
Applications-Non Electronic
Payments-Electronic
Payments-Non Electronic
Loan Set Up
Loan Disbursement
Loan Maintenance
Total
Direct Expense
Direct
Net Indirect
Activity
Applications-Electronic
Applications-Non Electronic
Payments-Electronic
Payments-Non Electronic
Loan Set Up
Loan Disbursement
Loan Maintenance-Monthly
Item Costs
$0.00
$169.94
$0.01
$1.47
$44.19
$20.97
$30.43
Item Costs
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Total Expense
$0
$0
$122,644
$1
$6,544
$30,035
$14,253
$209,643
$383,120
102
$0.00
$106.80
$0.01
$0.93
$27.77
$13.18
$19.12
Total Expense
$0
$179,912
$1
$10,332
$44,277
$21,012
$328,251
$583,786
Total
Item Costs
$0.00
$276.73
$0.02
$2.40
$71.95
$34.14
$49.55
Agricultural Loans
AGRICULTURAL LOANS
Agricultural loans are those made for the purpose of financing agricultural production, including such loans
made to farm/ranch owners, operators, tenants, and non-farmers. The income graphed below is shown
before transfer pricing.
Agricultural Loans Net Income
(Before Transfer Pricing)
% of volume
9.0% . . . . . . - - - - - - - - - - - - - - - - - - - - - - - -
Assets <= $1 SOM
Assets >$1 SOM
Agricultural Loans - Nonlnterest Income/ Total Income
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Assets <= $1 SOM
Assets >$1 SOM
103
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
This page left intentionally blank.
104
Agricultural Loans Summary
Dollars
12 Institutions
6 Institutions
Assets up to $150 M
Assets > $150 M
$7,270,644
326
9.15%
$10,770,141
504
3.31%
Interest Income
$764,888
$1,042,763
-Cost of Funds (COF)
$289.463
$500.626
Net Interest Income
+Nonlnterest Income
$475,426
$542,137
$ VOLUME OF OUTSTANDINGS
Average # Loans Outstanding
Agricultural Outstandings/Earning Assets
Net Income Before Nonlnterest Expense
$4,363
$6,408
$479,788
$548,545
-Nonlnterest Expenses
Direct Expenses
Salary
Fringe Benefits
Personnel Expense
$66,454
$16,883
$83,338
$74,558
$17,554
$92,112
$3,274
$12,090
$5,752
$1,586
$8,003
$2,213
$191
Total Direct Expenses
$139,016
$372
$5,537
$6,523
$2,318
$17,078
$1,498
$1,831
$2,491
$129,759
Net Indirect Expenses
Charge for Funding Operations (CFO)
Total Nonlnterest Expense
$43,013
$63.333
$245,362
$122,911
$73.493 .
$326,163
Vendor Data Processing
Furniture & Equipment
Printing, Postage, & Freight
Telephone & Electronic Access
Occupancy
Professional Fees-Legal & Other
Credit Reports
All Other Direct Expenses
$22,569
$32,918
($7,592)
-Net Loan Losses
Net Income
$201,508
$229,974
Memo: Net Income Before COF and CFO
$554,304
$804,093
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
105
Agricultural Loan Summary
Percent of Agricultural Loan $ Volume
12 Institutions
Assets up to $150 M
$ VOLUME OF OUTSTANDINGS
$7,270,644
Interest Income
-Cost of Funds (COF)
Net Interest Income
+Nonlnterest Income
Net Income Before Nonlnterest Expense
6 Institutions
Assets > $150 M
$10,770,141
10.52%
9.68%
3.98%
6.54%
0.06%
6.60%
4.65%
5.03%
0.06%
5.09%
-Nonlnterest Expenses
Direct Expenses
Salary
Fringe Benefits
Personnel Expense
0.91%
0.23%
1.15%
0.69%
0.16%
0.86%
Vendor Data Processing
Furniture & Equipment
Printing, Postage, & Freight
Telephone & Electronic Access
Occupancy
Professional Fees - Legal & Other
Credit Reports
All Other Direct Expenses
Total Direct Expenses
0.05%
0.17%
0.08%
0.02%
0.11%
0.03%
0.00%
0.31%
1.91%
0.00%
0.05%
0.06%
0.02%
0.16%
0.01%
0.02%
0.02%
1.20%
Net Indirect Expenses
Charge for Funding Operations (CFO)
0.59%
0.87%
3.37%
1.14%
0.68%
3.03%
Net Income
0.45%
2.n%
(0.07%)
2.14%
Memo: Net Income Before COF and CFO
7.62%
7.47%
Nonlnterest Income/Total Direct Expenses
3.14%
4.94%
Personnel Expense/Total Direct Expenses
59.95%
70.99%
Net Indirect Expenses/Total Direct Expenses
30.94%
94.72%
1.68
2.69
Total Nonlnterest Expense
-Net Loan Losses
Pre-Tax Ratios
Agricultural Loans FTE Personnel
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
106
Agricultural Loans Information
12 Institutions
6 Institutions
Assets up to $150 M
Assets > $150 M
$10,770,141
504
$21,376
$7,270,644
326
$22,308
$ VOLUME OF OUTSTANDING
Average# Loans Outstanding
Average Size Loan
# Loans Made
283
469
# Loans Serviced
326
504
# Payments Received
Electronic
Non Electronic
53
77
1,491
2,759
# Applications Received
Electronic
Non Electronic
0
0
272
422
# Applications Approved
268
416
FTE Personnel
1.68
2.69
Productivity Measures
Applications Approved/Applications Received
Loans Made/Applications Received
Loans Made/Applications Approved
Average Number Loans Outstanding/FTE Personnel
Loans Made/FTE Personnel
Nonlnterest lncome/FTE Personnel
Personnel Expense/FTE Personnel
$ Volume Outstanding/FTE Personnel
Item Costs
Applications-Electronic
Applications-Non Electronic
Payments-Electronic
Payments-Non Electronic
Loan Set Up
Loan Disbursement
Loan Maintenance-Monthly
98.59%
98.54%
103.98%
111.06%
105.46%
112.71%
193.52
187.53
168.09
174.44
$2,590
$2,385
$49,483
$34,285
$4,317,057
$4,008,737
$0.00
$184.80
$0.03
$1.58
$49.28
$20.27
$36.77
$0.00
$151.87
$0.14
$6.49
$95.47
$39.26
$151.53
N/A
$254.35
N/A
$209.02
$36.80
$38.34
$151.66
$158.02
Average Costs
To Make a Loan
Electronic
Non Electronic
To Maintain a Loan-Monthly
Electronic
Non Electronic
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
107
Agricultural Loans - Item Costs
12 Institutions
Activity
Assets up to $150 M
Direct Expense
Applications-Electronic
Applications-Non Electronic
Payments-Electronic
Payments-Non Electronic
Net
Indirect Expense
Total Expense
$0
$0
$0
$32,892
$10,814
$43,706
$2
$0
$2
$2,173
$643
$2,816
$11,799
Loan Set Up
$8,868
$2,931
Loan Disbursement
$3,647
$1,205
$4,853
Loan Maintenance
$91,434
$27,419
$118,854
$139,016
$43,013
$182,029
Direct
Net Indirect
Total
Activity
Applications-Electronic
Item Costs
Item Costs
Applications-Non Electronic
Payments-Electronic
Payments-Non Electronic
Total
Item Costs
$0.00
$0.00
$0.00
$137.75
$47.05
$184.81
$0.02
$0.01
$0.03
$1.17
$0.40
$1 .58
Loan Set Up
$36.73
$12.55
$49.28
Loan Disbursement
$15.11
$5.16
$20.27
Loan Maintenance-Monthly
$27.40
$9.36
$36.77
Net
Indirect Expense
Total Expense
6 Institutions
Activity
Applications-Electronic
Applications-Non Electronic
Payments-Electronic
Assets > $150 M
Direct Expense
$0
$0
$0
$31,868
$32,279
$64,147
$1
$1
$1
Payments-NonElectronic
$1,788
$1,717
$3,505
Loan Set Up
Loan Disbursement
$9,160
$3,767
$8,838
$3,635
$17,997
$7,402
Loan Maintenance
$83,175
$76,442
$159,617
Total
$129,759
$122,911
$252,670
Direct
Net Indirect
Activity
Item Costs
Applications-Electronic
Applications-NonElectronic
Item Costs
Total
Item Costs
$0.00
$0.00
$0.00
$105.24
$46.63
$151.87
Payments-Electronic
$0.10
$0.03
$0.13
Payments-Non Electronic
$4.79
$1.70
$6.49
Loan Set Up
$61.15
$34.32
$95.47
Loan Disbursement
$25.15
$14.12
$39.26
$111 .80
$39.73
$151 .53
Loan Maintenance-Monthly
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
108
Small Business Administration Loans
SMALL BUSINESS ADMINISTRATION (SBA) LOANS
This product includes real estate, commercial, industrial, agricultural, and other types of loans guaranteed
by the SBA, including loans to Small Business Investment Companies. The income graphed below is shown
before transfer pricing.
SBA Loans Net Income
(Before Transfer Pricing)
% of volume
8.0% . . . . . . - - - - - - - - - - - - - - - - - - - - -
Assets >$150M
Assets<= $150M
SBA Loans - Nonlnterest Income/ Total Income
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Assets >$150M
Assets <= $150M
109
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
This page left intentionally blank.
110
Small Business Administration Loans Summary
Dollars
4 Institutions
4 Institutions
Assets up to $150 M
Assets > $150 M
$481,417
$ VOLUME OF OUTSTANDINGS
Average# Loans Outstanding
SBA Outstandings/Earning Assets
10
0.74%
$2,066,071
16
0.98%
Interest Income
$49,102
$176,999
-Cost of Funds (COF)
$18,663
$79,273
Net Interest Income
$30,440
$97,726
+Nonlnterest Income
$199
$Q
$30,638
$97,726
Net Income Before Nonlnterest Expense
-Nonlnterest Expenses
Direct Expenses
Salary
Fringe Benefits
Personnel Expense
$5,767
$947
$6,715
$16,614
$3,619
$20,233
Vendor Data Processing
Furniture & Equipment
Printing, Postage, & Freight
Telephone & Electronic Access
$26
$988
Occupancy
$869
$387
$2,891
Professional Fees-Legal & Other
$153
$158
$223
$111
$53
$930
$1,209
$1
$23
$2,765
$3,079
Total Direct Expenses
$11,850
$28,963
Net Indirect Expenses
Charge for Funding Operations (CFO)
Total Nonlnterest Expense
$3,303
$4,228
$19,381
$22,045
$15,688
$66,695
Credit Reports
All Other Direct Expenses
$Q
$18,970
Net Income
$11,257
$12,061
Memo: Net Income Before COF and CFO
$34,148
$107,022
- Net Loan Losses
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
111
Small Business Administration Loans Summary
Percent of Small Business Administration Loan $ Volume
4 Institutions
Assets up to $150 M
$ VOLUME OF OUTSTANDINGS
$481,417
Interest Income
-Cost of Funds (COF)
Net Interest Income
+Nonlnterest Income
Net Income Before Nonlnterest Expense
4 Institutions
Assets > $150 M
$2,066,071
10.20%
8.57%
3.88%
6.32%
0.04%
6.36%
3.84%
4.73%
0.00%
4.73%
-Nonlnterest Expenses
Direct Expenses
Salary
Fringe Benefits
Personnel Expense
1.20%
0.20%
1.39%
0.80%
0.18%
0.98%
Vendor Data Processing
Furniture & Equipment
Printing, Postage, & Freight
Telephone & Electronic Access
Occupancy
Professional Fees - Legal & Other
Credit Reports
All Other Direct Expenses
Total Direct Expenses
0.01%
0.21%
0.05%
0.02%
0.18%
0.03%
0.00%
0.57%
2.46%
0.00%
0.05%
0.06%
0.02%
0.14%
0.01%
0.00%
0.15%
1.40%
Net Indirect Expenses
Charge for Funding Operations (CFO)
0.69%
0.88%
4.03%
1.07%
0.76%
3.23%
Net Income
0.00%
2.34%
0.92%
0.58%
Memo: Net Income Before COF and CFO
7.09%
5.18%
Nonlnterest Income/Total Direct Expenses
1.68%
0.00%
Personnel Expense/Total Direct Expenses
56.66%
69.86%
Net Indirect Expenses/Total Direct Expenses
27.87%
76.11%
0.16
0.55
Total Nonlnterest Expense
-Net Loan Losses
Pre-Tax Ratios
Small Business Administration Loans FTE Personnel
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
112
Small Business Administration Loans Information
4 Institutions
4 Institutions
Assets up to $150 M
Assets > $150 M
$481,417
10
$49,376
$ VOLUME OF OUTSTANDINGS
Average# Loans Outstanding
Average Size Loan
# Loans Made
# Loans Serviced
# Payments Received
Electronic
Non Electronic
# Applications Received
Electronic
Non Electronic
# Applications Approved
FTE Personnel
Productivity Measures
Applications Approved/Applications Received
Loans Made/Applications Received
Loans Made/Applications Approved
Average Number Loans Outstanding/FTE Personnel
Loans Made/FTE Personnel
Nonlnterest lncome/FTE Personnel
Personnel Expense/FTE Personnel
$ Volume Outstanding/FTE Personnel
2
10
3
17
34
6
168
0
3
2
0.16
0
5
3
0.55
90.00%
90.00%
100.00%
60.00
13.85
$1,222
$41 ,320
$2,962,568
Item Costs
Applications-Electronic
Applications-Non Electronic
Payments-Electronic
Payments-Non Electronic
Loan Set Up
Loan Disbursement
Loan Maintenance-Monthly
$2,066,071
16
$129,129
$0.00
$828.82
$0.04
$6.69
$823.85
$89.11
$53.52
63.16%
63.16%
100.00%
29.09
5.45
$0
$36,786
$3,756,492
$0.00
$2,893.67
$0.04
$12.96
$2,876.30
$311 .09
$103.70
Average Costs
To Make a Loan
Electronic
N,n Electronic
N/A
$1,741.78
N/A
$6,081.07
To Maintain a Loan-Monthly
$48.29
$60.21
Electronic
Non Electronic
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
113
$47.11
$116.66
Small Business Administration Loans - Item Costs
4 Institutions
Assets up to $150 M
Net
Activity
Direct Expense
Applications-Electronic
Applications-Non Electronic
Payments-Electronic
Payments-Non Electronic
Loan Set Up
Loan Disbursement
Loan Maintenance
Total
Total Expense
$0
$0
$0
$2,362
$636
$2,998
$0
$0
$0
$191
$87
$278
$2,261
$596
$2,857
$245
$64
$309
$6,792
llm
$11,850
$3,303
~
$15,153
Direct
Item Costs
Activity
Applications-Electronic
Indirect Expense
Net Indirect
Total
Item Costs
Item Costs
$0.00
$0.00
$0.00
$652.36
$176.47
$828.83
Payments-Electronic
$0.03
$0.01
$0.04
Payments-Non Electronic
$4.88
$1.81
$6.69
Applications-Non Electronic
$648.44
$175.41
$823.85
Loan Disbursement
$70.14
$18.97
$89.11
Loan Maintenance-Monthly
$39.01
$14.52
$53.52
Loan Set Up
4 Institutions
Assets > $150 M
Net
Activity
Applications-Electronic
Applications-Non Electronic
Payments-Electronic
Payments-Non Electronic
Loan Set Up
Direct Expense
Indirect Expense
Total Expense
$0
$0
$0
$6,705
$4,633
$0
$0
$0
$1,760
$4,701
$1,517
$3,054
$3,277
$7,754
$11,338
$508
$330
$839
Loan Maintenance
$15,289
m..ill
$27,799
Total
$28,963
$22,045
$51,007
Loan Disbursement
Direct
Activity
Applications-Electronic
Item Costs
Net Indirect
Total
Item Costs
Item Costs
$0.00
$0.00
$0.00
$1,640.63
$1,253.04
$2,893.67
Payments-Electronic
$0.03
$0.02
$0.04
Payments-Non Electronic
$7.35
$5.62
$12.97
$1,630.78
$1,245.52
$2,876.30
$176.38
$134.72
$311.10
Loan Maintenance-Monthly
$58.79
$44.91
$103.70
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
114
Applications-Non Electronic
Loan Set Up
Loan Disbursement
FCA What-If Analysis Reporting
Scenario:
1
ASSETS OF $150 MILLION OR LESS
BREAK-EVEN LOAN BALANCES
Institution Name:
ASSETS OF $150 MILLION OR LESS
Product Line:
Commercial Loans
Product:
Small Business Administration
INPUT VARIABLES:
$1 ,741 .78
Cost to Make a Loan
$6.50
Cost to Process a Payment
Cost to Maintain a Loan - Monthly
Product Cost of Funds Rate :
$53.52
3.88%
Loan Loss Rate :
0.00%
Return on Nonlnterest Income :
0.04%
INTEREST RA TES AND BREAK-EVEN LOAN BALANCES
Maturity
(Years)
5
Periods
(Payments)
60
10.25%
10.50%
10.75%
11.00%
$30,395
$29,202
$28,095
$27,066
$21 ,623
$20,804
10
120
$23,454
$22,504
15
180
$20,311
$19,471
$18,693
$17,971
$16,205
240
$18,338
$17,572
$16,863
25
300
$16,954
$16,244
$15,588
$14,978
30
360
$15,934
$15,269
$14,654
$14,083
Maturity
(Years)
Periods
(Payments)
11.25%
5
60
$26,107
$25,210
$24,370
$23,582
$18,661
$18,035
20
11.50%
11.75%
12.00%
10
120
$20,041
$19,328
15
180
$17,298
$16,670
$16,083
$15,532
$15,022
$14,488
$13,988
$12,928
$12,166
20
240
$15,593
25
300
$14 ,412
$13,884
$13,390
30
360
$13,553
$13,059
$12,598
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
115
FCA What-If Analysis Reporting
Scenario:
ASSETS OF $150 MILLION OR LESS
BREAK-EVEN LOAN BALANCES
Institution Name:
ASSETS OF $150 MILLION OR LESS
Product Line:
Commercial Loans
Product:
Small Business Administration
Loan Break-Even Curves for Fixed Maturities
,n
"C
C
::t
cu 20
,n
::I
0
.i=
.,..
•
■
•
•
•
'
♦
-+-5Year
■
-■-15
15
Year
_._25Year
I-
10
5
0
10.25%
10.50%
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
10.75%
11.00%
11.25%
11.50%
1997 Market Interest Rate
116
11.75%
12.00%
FCA What-If Analysis Reporting
ASSETS OVER $150 MILLION
Scenario:
BREAK-EVEN LOAN BALANCES
Institution Name:
ASSETS OVER $150 MILLION
Product Line:
Commercial Loans
Product:
Small Business Administration
INPUT VARIABLES :
$6,081 .07
Cost to Make a Loan
Cost to Process a Payment
Cost to Maintain a Loan - Monthly
Product Cost of Funds Rate :
$12.51
$103.70
3.84%
Loan Loss Rate :
0.92%
Return on Nonlnterest Income :
0.00%
INTEREST RA TES AND BREAK-EVEN LOAN BALANCES
Maturity
(Years)
5
10
15
Periods
(Payments)
60
120
180
10.25%
10.50%
10.75%
11.00%
$88,279
$84,284
$80,624
$77,257
$62,843
$59,922
$57,247
$54,788
$50,005
$47,736
$45,650
$40,356
$52,484
20
240
$46,448
$44,237
$42,214
25
300
$42,429
$40,407
$38,558
$36,860
30
360
$39,580
$37,700
$35,982
$34,405
Maturity
(Years)
Periods
(Payments)
11 .25%
11.50%
5
60
$74,151
10
120
11 .75%
12.00%
$71 ,275
$68,606
$66,122
$52,519
$50,421
$48 ,474
$46,662
$40,303
$38,771
15
180
$43,728
$41 ,951
20
240
$38,645
$37,063
$35,598
$34,236
$31 ,276
$29,222
25
300
$35,298
$33,854
$32,517
30
360
$32,954
$31 ,614
$30,374
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
117
FCA What-If Analysis Reporting
Scenario:
ASSETS OVER $150 MILLION
BREAK-EVEN LOAN BALANCES
Institution Name: ASSETS OVER $150 MILLION
Product Line:
Commercial Loans
Product:
Small Business Administration
Loan Break-Even Curves for Fixed Maturities
100 - , - - - - - - - - - - - - - - - - - - - - - - - - 90 - - - - - - - - - - - - - - - - - - - - - - - - 80
U)
i:,
C
cu
U)
::,
0
70
I-
+------------~= ====~,--~=== =~--+
C
60 - - - - - - - - - - - - - - - - - - - - - - - - - 50 • -
·--==-=.~=--=--=--=--=--.-:. .-:_-:._-_-_-_::_-----------
.c
.-.
--==~------- -------
+-------==.....
30
40
!::::===~=~~~==~~.~~;;~~;;~~~=·:::::::=:·
-
-
..
20 - - - - - - - - - - - - - - - - - - - - - - - - - 10
0 --------.----.......--- -.-------.-----.-----. ---~
10.25%
10.50%
10.75%
11.00%
11.25%
11.50%
11.75%
12.00%
+---------- ------------ ---
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
1997 Market Interest Rate
118
-+-5 Year
-■-15Year
--.-25 Year
Other Commercial Loans
OTHER COMMERCIAL LOANS
This product includes all other commercial loans, such as loans to depository institutions, foreign
governments and institutions, commercial lease financing receivables, and all commercial checking account
overdrafts that are not preauthorized . The income graphed below is shown before transfer pricing .
Other Commercial Loans Net Income
(Before Transfer Pricing)
% of volume
Assets >$150M
Assets<= $150M
Other Commercial Loans - Nonlnterest Income/ Total
Income
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Assets >$150M
Assets<= $150M
119
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
This page left intentionally blank.
120
.Other Commercial Loans Summary
Dollars
8 Institutions
4 Institutions
Assets UQ to 1150 M
Assets > 1150 M
$633,449
$ VOLUME OF OUTSTANDINGS
Average # Loans Outstanding
59
0.78%
Other Commercial Outstandings/Eaming Assets
$4,313,971
289
2.96%
$441,575
Interest Income
$55,342
-Cost of Funds (COF)
$22,902
$177,236
Net Interest Income
+Nonlnterest Income
$32,441
$264,339
Net Income Before Nonlnterest Expense
$484
$27,776
$32,925
$292,115
-Nonlnterest Expenses
Direct Expenses
Salary
Fringe Benefits
Personnel Expense
$18,426
$3,761
$22,187
$56,606
$12,817
$69,423
Vendor Data Processing
Furniture & Equipment
Printing, Postage, & Freight
Telephone & Electronic Access
$2,053
$11,856
$1,490
$1,322
$7,234
$574
Occupancy
Professional Fees-Legal & Other
$3,356
$1,354
$3,507
$329
$1,388
$8,586
$153
$74
$4,289
$9,102
Total Direct Expenses
$35,754
$112,522
Net Indirect Expenses
Charge for Funding Operations (CFO)
Total Nonlnterest Expense
$16,732
$5.265
$57,751
$41,112
$31,107 •
$184,741
Credit Reports
All Other Direct Expenses
- Net Loan Losses
$448
($25,274)
Net Income
$2,893
Memo: Net Income Before COF and CFO
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
121
$128,927
($21,552)
$186,791
Other Commercial Loans Summary
Percent of Other Commercial Loan$ Volume
$ VOLUME OF OUTSTANDINGS
8 Institutions
4 Institutions
Assets up to $150 M
Assets > $150 M
$633,449
Interest Income
-Cost of Funds (COF)
Net Interest Income
+Nonlnterest Income
Net Income Before Nonlnterest Expense
$4,313,971
8.74%
10.24%
3.62%
5.12%
0.08%
5.20%
4.11%
6.13%
0.64%
6.77%
-Nonlnterest Expenses
Direct Expenses
Salary
Fringe Benefits
Personnel Expense
2.91%
0.59%
3.50%
1.31%
0.30%
Vendor Data Processing
Furniture & Equipment
Printing, Postage, & Freight
Telephone & Electronic Access
Occupancy
Professional Fees - Legal & Other
Credit Reports
All Other Direct Expenses
Total Direct Expenses
0.32%
0.24%
0.21%
0.09%
0.53%
0.05%
0.02%
0.68%
5.64%
0.27%
0.17%
0.20%
0.03%
0.08%
0.03%
0.00%
0.21%
2.61%
Net Indirect Expenses
Charge for Funding Operations (CFO)
2.64%
0.83%
9.12%
0.95%
0.72%
4.28%
0.07%
(3.99%)
2.99%
(0.50%)
0.46%
4.33%
Nonlnterest Income/Total Direct Expenses
1.35%
24.69%
Personnel Expense/Total Direct Expenses
62.05%
61.70%
Net Indirect Expenses/Total Direct Expenses
46.80%
36.54%
0.55
1.47
Total Nonlnterest Expense
-Net Loan Losses
Net Income
Memo: Net Income Before COF and CFO
1.61%
Pre-Tax Ratios
Other Commercial Loans FTE Personnel
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
122
Other Commercial Loans Information
8 Institutions
4 Institutions
Assets up to $150 M
Assets > $150 M
$4,313,971
289
$14,914
$633,449
59
$10,759
$ VOLUME OF OUTSTANDINGS
Average # Loans Outstanding
Average Size Loan
# Loans Made
# Loans Serviced
123
313
56
296
# Payments Received
Electronic
Non Electronic
11
132
273
912
# Applications Received
Electronic
Non Electronic
# Applications Approved
FTE Personnel
Productivity Measures
Applications Approved/Applications Received
Loans Made/Applications Received
Loans Made/Applications Approved
Average Number Loans Outstanding/FTE Personnel
Loans Made/FTE Personnel
Nonlnterest lncome/FTE Personnel
Personnel Expense/FTE Personnel
$ Volume Outstanding/FTE Personnel
0
0
128
29
124
29
0.55
1.47
96.59%
95.91%
99.29%
107.78
225.17
$887
$40,617
$1,159,632
Item Costs
Applications-Electronic
Applications-NonElectronic
Payments-Electronic
Payments-Non Electronic
Loan Set Up
Loan Disbursement
Loan Maintenance-Monthly
$0.00
$451.17
$0.08
$12.78
$116.21
$53.09
$275.36
100.86%
1077.59%
1068.38%
197.44
213.31
$18,960
$47,388
$2,944,690
$0.00
$51.40
$0.06
$8.01
$245.59
$112.20
$337.96
Average Costs
To Make a Loan
N/A
$620.46
Electronic
Non Electronic
N/A
$70.68
To Maintain a Loan-Monthly
Electronic
$252.62
$172.63
Non Electronic
$288.14
$180.58
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
123
Other Commercial Loans - Item Costs
8 Institutions
Activity
Applications-Electronic
Assets up to $150 M
Direct Expense
Applications-Non Electronic
Net
Indirect Expense
Total Expense
$0
$0
$0
$10,458
$4,820
$15,278
$0
$0
$0
$286
$130
$416
Loan Set Up
$2,515
$1,163
$3,678
Loan Disbursement
$1,149
$531
$1 ,680
Payments-Electronic
Payments-Non Electronic
Loan Maintenance
$21,346
$10,087
$31,433
Total
$35,754
$16,732
$52,486
Direct
Net Indirect
Item Costs
$0.00
$315.65
$0.06
$9.26
$81.30
$37.14
$199.50
Item Costs
$0.00
$135.52
$0.02
$3.52
$34.91
$15.95
$75.86
Total
Item Costs
$0.00
$451.17
$0.08
$12.78
$116.21
$53.09
$275.36
Activity
Applications-Electronic
Applications-Non Electronic
Payments-Electronic
Payments-Non Electronic
Loan Set Up
Loan Disbursement
Loan Maintenance-Monthly
4 Institutions
Activity
Applications-Electronic
Applications-Non Electronic
Payments-Electronic
Payments-Non Electronic
Loan Set Up
Assets > $150 M
$0
Net
Indirect Expense
$0
$2,322
$686
Direct Expense
Total Expense
$0
$3,008
$0
$0
$0
$1 ,460
$8,831
$637
$3,582
$2,097
$12,412
Loan Disbursement
$4,034
$1 ,636
$5,671
Loan Maintenance
$95,874
$34,570
$130,444
Total
$112 ,522
$41 ,112
$153,633
Direct
Net Indirect
Activity
Applications-Electronic
Applications-Non Electronic
Payments-Electronic
Payments-Non Electronic
Loan Set Up
Loan Disbursement
Loan Maintenance-Monthly
Item Costs
$0.00
$39.76
$0.04
$5.40
$165.59
$75.65
$258.27
Item Costs
$0.00
$11 .63
$0.02
$2.61
$80.00
$36.55
$79.69
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
124
Total
Item Costs
$0.00
$51.40
$0.06
$8.01
$245.59
$112.20
$337.96
Demand Deposit Summary
Dollars
$ VOLUME OF DEMAND DEPOSITS
Average Number of Accounts
Credit for Funding (CFF)
- Interest Expense
Net Interest Income
+ Nonlnterest Income
Service Charges
Penalty Fees
Other
Total Nonlnterest Income
Net Income Before Nonlnterest Expense
14 Institutions
7 Institutions
Assets up to $150 M
Assets > $150 M
$20,411,884
3,650
$62,193,217
11,661
$1 ,552,016
$282,356
$1,269,660
$4,651 ,383
$1,091,593
$3,559,790
$104,015
$164,604
$17,514
$286,132
$361 ,082
$582,406
$62,798
$1 ,006,286
$1,555,792
$4,566,076
-Nonlnterest Expenses
Direct Expenses
Salary
Fringe Benefits
Personnel Expense
$137,516
$35,252
$172,768
$602,836
$188,670
$791,505
Vendor Data Processing
Furniture & Equipment
Printing, Postage, & Freight
Telephone & Electronic Access
Occupancy
Professional Fees - Legal & Other
FDIC Insurance
All Other Direct Expenses
Total Direct Expense
$16,TT4
$27,104
$28,746
$4,399
$30,703
$1,889
$3,6TT
$60,382
$346,441
$98,679
$157,820
$120,586
$18,694
$161 ,845
$4,387
$6,853
$142,185
$1,502,554
Net Indirect Expenses
Charge for Portfolio Operations (CPO)
$253,656
$309,405
$909,503
$914,062
$561,342
s2,9n,958
$646,290
$1,588,118
($596,321)
($2,501,923)
Total Nonlnterest Expense
Net Income
Memo: Net Income Before CFF and CPO
Composition of Demand Deposit Portfolio
Assets > $150 M
Assets up to $150 M
2%
1%
Nonlnterest
■
■ Interest
=Official Checks
Account Type
Nonlnterest Bearing
Interest Bearing
Official Checks, etc.
Total
Volume
$8,106,180
$12,019,078
$286,627
$20,411 ,884
Interest
D Official Checks
Account Type
Nonlnterest Bearing
Interest Bearing
Official Checks, etc.
Total
* Includes Official Checks, Money Orders, etc.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
fil Nonlnterest
125
Volume
$23,267,665
$37,700,528
$1,225,023
$62,193,217
Demand Deposit Summary
Percent of Demand Deposit $ Volume
14 Institutions
7 Institutions
Assets up to $150 M
Assets > $150 M
$20,411,884
3,650
$ VOLUME OF DEMAND DEPOSITS
Average Number of Accounts
Credit For Funding (CFF)
-Interest Expense
Net Interest Income
+Nonlnterest Income
Service Charges
Penalty Fees
Other
Total Nonlnterest Income
Net Income Before Nonlnterest Expense
$62,193,217
11,661
7.60%
1.38%
6.22%
7.48%
1.76%
5.72%
0.51%
0.81%
0.09%
1.40%
0.58%
0.94%
0.10%
1.62%
7.62%
7.34%
-Nonlnterest Expenses
Direct Expenses
Salary
Fringe Benefits
Personnel Expense
0.67%
0.17%
0.85%
0.97%
0.30%
1.27%
0.08%
0.13%
0.14%
0.02%
0.15%
0.01%
0.02%
0.30%
1.70%
0.16%
0.25%
0.19%
0.03%
0.26%
0.01%
0.01%
0.23%
2.42%
Net Indirect Expenses
Charge for Portfolio Operations (CPO)
1.24%
1.52%
1.47%
0.90%
Total Nonlnterest Expense
4.46%
4.79%
3.17%
2.55%
{2.92%)
(4.02%)
Nonlnterest Income/Total Direct Expenses
82.59%
66.97%
Personnel Expense/Total Direct Expenses
49.87%
52.68%
Net Indirect Expenses/Total Direct Expenses
73.22%
60.83%
7.16
34.54
2,553
3,576
10,449
8,968
12,752
40,174
Vendor Data Processing
Furniture & Equipment
Printing, Postage, & Freight
Telephone & Electronic Access
Occupancy
Professional Fees - Legal & Other
FDIC Insurance
All Other Direct Expenses
Total Direct Expense
Net Income
Memo: Net Income Before CFF and CPO
Pre-Tax Ratios
Demand Deposit FTE Personnel
Number of Return Items (On-Us)
Number of Return Items (Transit)
Number of Official Checks, Money Orders, etc.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
126
Contribution to Demand Deposit
Nonlnterest Income and Direct Nonlnterest Expenses
Contribution to Demand Deposit Nonlnterest Income*
$1,000,000
$800,000
$600,000
a Assets up to $150 M
$400,000
$200,000 J
$0 f
■ Assets>
Nonlnterest Bearing
Interest Bearing
14 Institutions
Assets up to $150 M
Account Type
$150 M
7 Institutions
Assets> $150 M
$865,796
$140,490
$1,006,286
$226,023
$60,109
$286,132
Nonlnterest Bearing*
Interest Bearing
Total
Contribution to Demand Deposit Direct Nonlnterest Expenses
$1,000,000
$800,000
$600,000
II Assets up to $150 M I
■ Assets> $150 M
$400,000
$200,000
$0
i
Nonlnterest Bearing
Account Type
Interest Bearing
14 Institutions
Assets up to $150 M
7 Institutions
Assets > $150 M
$948,304
Nonlnterest Bearing*
$208,844
Interest Bearing
$137,597
$554,250
Total
$346,441
$1 ,502,554
* Includes Official Checks, Money Orders, etc.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
127
I
Nonlnterest Bearing Accounts
NON-INTEREST BEARING CHECKING ACCOUNTS
This product includes non-interest bearing checking deposits for individuals, businesses, and government
entities, as well as non-interest bearing trust funds maintained as time deposits, due-to bank accounts,
dealers' reserves, and Treasury Tax & Loan payments received for the first day of deposit. The figures
graphed below are shown before transfer pricing; the second graph includes only direct income and
expenses.
Nonlnterest Bearing Checking Net Income
(Before Transfer Pricing)
% of volume
-1.00%---
-3.00% - - - - - - - - - - - - - - - - - - - - -
-4.00% - - - - - - - - - - - - - - - - - - - - -
-5.00% .......__ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ __
Nonlnterest Bearing Checking - Income / Total Direct
Expense
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Assets >$150M
Assets <= $1 SOM
128
Nonlnterest Bearing Accounts
Dollars
14 Institutions
7 Institutions
Assets u~ to 1150 M
Assets > 1150 M
$8,392,807
2,452
$ VOLUME OF NONINTEREST BEARING ACCOUNTS*
Average Number of Accounts
Nonlnterest Bearing Accts Total Relative Weights
Ratio of NonElectronic Weights/Total Transaction Weights
58,216,138
79.89%
Credit For Funding (CFF)
-Interest Expense
Net Interest Income
+Nonlnterest Income
Service Charges
Penalty Fees
Other
Total Nonlnterest Income
Net Income Before Nonlnterest Expense
$24,492,689
7,990
146,784,TT5
79.10%
$631,032
~
$631,032
$1,809,806
~
$1,809,806
$80,388
$130,725
$14,910
$226,023
$281,572
$529,824
$54.400
$865,796
$857,055
$2,675,601
-Nonlnterest Expenses
Direct Expenses
Salary
Fringe Benefits
Personnel Expense
$84,117
$21,641
$105,757
$388,531
$118,304
$506,836
Vendor Data Processing
Furniture & Equipment
Printing, Postage, & Freight
Telephone & Electronic Access
Occupancy
Professional Fees - Legal & Other
$12,125
$15,788
$14,509
$2,776
$20,424
$1,569
$58,940
$102,723
$TT,715
$12,037 ·
$98,447
FDIC Insurance
$1,597
$34,299
$2,561
$85.400
Total Direct Expense
$208,844
$948,304
Net Indirect Expenses
Charge for Portfolio Operations (CPO)
$161,861
$126.219
$613,426
$234.108
Total Nonlnterest Expense
$496,924
$1,795,839
Net Income
$360,131
$879,762
Memo: Net Income Before CFF and CPO
($144,682)
($695,935)
All Other Direct Expenses**
* Includes Official Checks, Money Orders, etc.
** Includes return item charges.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
129
$3,646
Nonlnterest Bearing Accounts
Percent of Nonlnterest Bearing Accounts & Official Check $ Volume
14 Institutions
7 Institutions
Assets up to $150 M
Assets > $150 M
$8,392,807
$ VOLUME OF NONINTEREST BEARING ACCOUNTS*
$24,492,689
7.52%
7.39%
0.00%
7.39%
0.96%
1.56%
0.18%
2.69%
1.15%
2.16%
0.22%
3.53%
10.21%
10.92%
1.00%
0.26%
1.26%
1.59%
0.48%
2.07%
Vendor Data Processing
0.14%
0.24%
Furniture & Equipment
0.19%
0.42%
Printing, Postage, & Freight
Telephone & Electronic Access
0.17%
0.03%
0.24%
0.32%
0.05%
0.02%
0.01%
0.02%
0.41%
0.01%
0.35%
2.49%
3.87%
Net Indirect Expenses
Charge for Portfolio Operations (CPO)
1.93%
1.50%
2.50%
0.96%
Total Nonlnterest Expense
5.92%
7.33%
4.29%
3.59%
(1 .72%)
(2.84%)
108.23%
50.64%
77.50%
91.30%
53.45%
64.69%
7.52%
0.00%
Credit for Funding (CFF)
-Interest Expense
Net Interest Income
+Nonlnterest Income
Service Charges
Penalty Fees
Other
Total Nonlnterest Income
Net Income Before Nonlnterest Expense
-Nonlnterest Expenses
Direct Expenses
Salary
Fringe Benefits
Personnel Expense
Occupancy
Professional Fees-Legal & Other
FDIC Insurance
All Other Direct Expense**
Total Direct Expense
Net Income
Memo: Net Income Before CFF and CPO
0.40%
Pre-Tax Ratios
N·onlnterest Income/Total Direct Expenses
Personnel Expense/Total Direct Expenses
Net Indirect Expense/Total Direct Expenses
4.49
Nonlnterest Bearing Accounts FTE Personnel
* Includes Offical Checks, Money Orders, etc.
** Includes return item charges.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
130
22.24
Average Nonlnterest Bearing Checking Account ProfitabHity
Analysis of Avg Nonlnterest Bearing Checking Account*
14 Institutions
7 Institutions
Assets up to $150 M
Assets> $150 M
Earnings Per Account Per Month
Credit for Funding (CFF)
- Interest Expense
Net Interest Income
+ Nonlnterest Income
Service Charges
Penalty Fees
Other
Total Noninterest Income
$18.83
$0.00
$18.83
$2.57
$3.78
$0.29
$6.63
$3.42
$5.19
$0.37
$8.98
$26.53
Net Income Before Nonlnterest Expense
- Direct Activity Expenses
Deposits - Electronic
Deposits - NonElectronic
Withdrawals - Electronic
Withdrawals - NonElectronic
Transit Checks Deposited
Transit Checks Cashed
Accounts Opened
Accounts Closed
On-Us Checks Cashed
Acct Maintenance - Truncated
Acct Maintenance - NonTruncated
Total Direct Activity Expense
$0.00
$0.25
$0.13
$1.60
$0.93
$0.11
$0.04
$0.02
$0.30
$0.19
$3.05
$6.61
$5.44
$3.92
$10.55
-Net Indirect Expenses
-Charge for Portfolio Operations (CPO)
Net Income
($5.42)
Memo: Net Income Before CFF and CPO
* Excludes Official Checks, Money Orders, etc.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$19.89
$0.00
$19.89
131
$27.81
$0.01
$0.47
$0.37
$3.16
$1.94
$0.28
$0.12
$0.05
$0.23
$1.20
$2.68
$10.51
$7.42
$2.71 .
$7.17
($8.95)
Nonlnterest Bearing Account Information
14 Institutions
7 Institutions
Assets up to $150 M
Assets > $150 M
$8,106,180
$286,627
2,452
$3,306
$ VOLUME OF NONINTEREST BEARING CHECKING
$ VOLUME OF OFFICIAL CHECKS
Average Number of Accounts
Average Account $ Volume*
# Accounts Truncated
$23,267,665
$1,225,023
7,990
$2,912
444
5,426
37,567
82,535
163,903
269,053
94,479
561,804
404,291
1,867,432
406,258
31,319
338
300
12
4.49
1,309,483
112,695
1,712
1,069
12
22.24
# Deposits
Electronic
Non Electronic
# Withdrawals
Electronic
Non Electronic
Transit Checks Deposited
Transit Checks Cashed
Accounts Opened
Accounts Closed
AveraQe Number of Statements per Account per Year
FTE Personnel
#
#
#
#
Productivity Measures
Deposits per Account per Month
4.08
4.52
Withdrawals per Account per Month
22.31
23.69
Transit Checks Deposited per Account per Month
Average Number Accounts/FTE Personnel
Accounts Opened/FTE Personnel
13.81
13.66
546
359
Nonlnterest lncome/FTE Personnel
Personnel Expense/FTE Personnel
Nonlnterest Bearing $ Volume/FTE Personnel
75
77
$50,315
$38,930
$23,543
$22,789
$1 ,868,330
$1 ,101 ,290
Item Costs••
0.61
1.16
Deposits-Non Electronic
15.27
28.97
Withdrawals-Electronic
Withdrawals-Non Electronic
Transit Check Deposited
7.20
15.01
13.65
28.47
8.57
20.81
Transit Check Cashed
17.59
33.36
Account Opened
$6.49
$12.30
Account Closed
$3.89
$7.38
On-Us Checks Cashed
16.56
31.41
Deposits-Electronic
Acct Maintenance - Truncated
$1 .07
$2.71
Acct Maintenance - NonTruncated
$6.44
$10.74
Official Checks, etc. Issued
70.03
132.86
* Excludes Official Checks $ Volume.
** Item Costs are in cents unless a$ is shown. Also, Item Costs include direct and net indirect expenses.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
132
Nonlnterest Bearing Accounts - Item Costs
Assets up to $150 M
14 Institutions
Activity
Deposit-Electronic
Deposit-Non Electronic
Withdrawal-Electronic
Withdrawal-Non Electronic
Transit Check Deposited
Transit Check Cashed
Account Opened
Account Closed
On-Us Checks Cashed
Account Maintenance(Truncated)
Account Maintenance(NonTruncated)
Official Checks Issued.etc.
Total
Net
Indirect Expense
$105
$5,713
$2,957
$36,755
$22,668
$2,477
$982
$516
$4,968
$3,406
$77,465
$3,848
$161 ,861
Direct Expense
$134
$7,620
$3,858
$49,373
$28,298
$3,043
$1,426
$732
$7,726
$5,393
$96,373
$4,867
$208,844
Direct
Activity
Deposit-Electronic
Net Indirect
Item Cost*
Total Expense
$239
$13,333
$6,816
$86,127
$50,967
$5,520
$2,408
$1 ,247
$12,694
$8,800
$173,838
$8,715
$370,705
Total
Item Cost*
15.27
0.34
Item Cost*
0.27
Deposit-Non Electronic
8.48
6.79
Withdrawal-Electronic
Withdrawal-Non Electronic
4.00
3.20
7.19
8.33
6.67
15.00
0.61
Transit Check Deposited
4.68
3.89
8.57
Transit Check Cashed
9.77
7.82
17.59
$3.60
$2.88
$6.49
$2.16
$1 .73
$3.89
Account Opened
Account Closed
9.20
7.36
16.56
Account Maintenance(Truncated)-Monthly
$0.63
$0.44
$1.07
Account Maintenance(NonTruncated)-Monthly
Official Checks Issued, etc.
$3.53
$2.91
38.89
31.14
$6.44
70.03
On-Us Checks Cashed
• Item Costs are in cents unless a $ is shown.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
133
Nonlnterest Bearing Accounts - Item Costs
7 Institutions
Activity
Deposit-Electronic
Deposit-Non Electronic
Withdrawal-Electronic
Withdrawal-Non Electronic
Transit Check Deposited
Transit Check Cashed
Account Opened
Account Closed
On-Us Checks Cashed
Account Maintenance(Truncated)
Account Maintenance(NonTruncated)
Official Checks lssued,etc.
Total
Activity
Deposit-Electronic
Deposit-Non Electronic
Withdrawal-Electronic
Assets > $150 M
Direct Expense
Net
Indirect Expense
Total Expense
$1,204
$43,710
$35,568
$293,170
$180,515
$24,293
$12,409
$4,847
$22,640
$134,312
$163,873
$31,764
$948,304
$655
$29,764
$19,001
$193,387
$101,452
$14,258
$7,439
$2,933
$13,373
$73,672
$138,371
$19,123
$613,426
$1,858
$73,474
$54,568
$486,557
$281,967
$38,551
$19,848
$7,781
$36,012
$207,984
$302,244
$50,887
$1,561,731
Direct
Item Cost•
Net Indirect
Item Cost•
Total
Item Cost*
0.70
0.46
1.16
17.44
11 .52
28.97
8.22
5.43
13.65
Withdrawal-NonElectronic
17.14
11 .33
28.47
Transit Check Deposited
Transit Check Cashed
Account Opened
12.53
20.09
8.28
13.27
20.82
33.37
$4.45
$4.89
$2.94
$12.31
Account Closed
On-Us Checks Cashed
Account Maintenance(Truncated)-Monthly
18.92
12.50
31.41
$1.64
$1.07
$2.71
Account Maintenance(Non Truncated)-Monthly
$6.65
$4.09
$10.74
Official Checks Issued, etc.
80.00
52.85
132.86
$7.41
"' Item Costs are in cents unless a $ is shown.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
134
$7.38
Nonlnterest Bearing Checking Account Size Analysis
3 Institutions
Assets > $150 M
5 Institutions
Assets up to $150 M
Accounts
Volume
Accounts
Volume
Under$200
22.79%
0.58%
30.37%
0.58%
$200- $499
19.63%
2.08%
18.47%
2.00%
$500 - $999
13.48%
2.86%
16.78%
3.88%
$1,000 - $4,999
34.17%
22.93%
24.70%
17.95%
$5,000 - $9,999
5.28%
11 .85%
4.49%
10.22%
$10,000 - $24,999
2.89%
13.49%
3.21%
16.24%
$25,000 - $99,999
1.42%
19.46%
1.67%
25.20%
$100,000 and Over
0.33%
26.73%
0.31%
23.92%
100.00%
100.00%
100.00%
100.00%
Total
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Nonlnterest Bearing Checking Account Size Analysis
Distribution of Accounts
25%
20%
15%
10%
5%
0%
Under
$200
$200-$499 $500-$999
$1,000$4,999
I llll Assets up to $150 M
$5,000$9,999
■ Assets>
$10,000$24,999
$25,000$99,999
$100,000
& Over
$150 M
Nonlnterest Bearing Checking Account Size Analysis
Distribution of Dollar Volume
I II Assets up to I
$150 M
I
I
/ ■ Assets> $150 l
I M
I
Under
$200
$200$499
$500$999
$1,000$4,999
$5,000- $10,000- $25,000- $100,000
$9,999 $24,999 $99,999 & Over
135
Interest Bearing Checking Accounts
INTEREST BEARING CHECKING ACCOUNTS
This product includes interest bearing checking deposits and NOW accounts, including accounts that pay
interest upon maintenance of minimum balances, even if such minimum balances are not routinely kept or
interest is not routinely paid. The figures graphed below are shown before transfer pricing; the second graph
includes only direct income and expenses.
Interest Bearing Checking Net Income
(Before Transfer Pricing)
% of volume
- 1 .0% - - -
-2 .0% - - -
-3 .0% - - - -
-5.0% - - - - - - - - - - - - - - - - - - - - - - -
-6 .0% - - - - - - - - - - - - - - - - - - - - - - -
Interest Bearing Checking - Income I Total Direct Expense
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Assets<= $150M
Assets >$1 SOM
136
Interest Bearing Checking Accounts
Dollars
$ VOLUME OF INTEREST BEARING CHECKING
Average Number of Accounts
Interest Bearing Checking Total Relative Weights
Ratio of NonElectronic Weights/Total Transaction Weights
Credit For Funding (CFF)
-Interest Expense
Net Interest Income
+Nonlnterest Income
Service Charges
Penalty Fees
Other
Total Nonlnterest Income
Net Income Before Nonlnterest Expense
14 Institutions
7 Institutions
Assets up to $150 M
Assets > $150 M
$12,019,078
1,198
23,130,313
88.16%
$37,700,528
3,671
48,221,072
86.06%
$920,984
$282,356
$638,628
$2,841,577
$1,091,593
$1,749,984
$23,627
$33,879
$2,603
$60,109
$79,510
$52,582
$8,398
$140,490
$698,737
$1,890,475
-Nonlnterest Expenses
Direct Expenses
Salary
$53,399
$214,305
Fringe Benefits
Personnel Expense
$13,612
$67,011
$284,670
Vendor Data Processing
Furniture & Equipment
Printing, Postage, & Freight
$4,649
$11,316
$14,236
$1,623
Telephone & Electronic Access
Occupancy
Professional Fees - Legal & Other
FDIC Insurance
All Other Direct Expenses*
$70,365
$39,739
$55,098
$42,871
$6,657 •
$10,279
$63,399
$320
$741
$4,291
$2,080
$26,083
$56,785
Total Direct Expense
$137,597
$554,250
Net Indirect Expenses
Charge for Portfolio Operations (CPO)
Total Nonlnterest Expense
$91,795
$183.187
$412,579
$300,636
$327,234
$1,182,119
Net Income
$286,159
$708,356
Memo: Net Income Before CFF and CPO
($451,639)
* Includes Return Item Charges.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
137
($1,805,987)
Interest Bearing Checking Accounts
Percent of Interest Bearing Checking Accounts $ Volume
14 Institutions
7 Institutions
Assets up to $150 M
Assets > $150 M
$12,019,078
$ VOLUME OF INTEREST BEARING CHECKING ACCOUNTS
5.31%
7.54%
2.90%
4.64%
0.20%
0.28%
0.02%
0.50%
0.21%
0.14%
0.02%
0.37%
5.81%
5.01%
0.44%
0.11%
0.56%
0.57%
0.19%
0.76%
0.04%
0.09%
0.12%
0.01%
0.09%
0.00%
0.02%
0.22%
1.14%
0.11%
0.15%
0.11%
0.02%
0.17%
0.00%
0.01%
0.15%
1.47%
0.76%
1.52%
0.80%
0.87%
3.43%
3.14%
2.38%
1.88%
(3.76%)
(4.79%)
43.69%
48.70%
66.71%
25.35%
51 .36%
54.24%
7.66%
2.35%
Credit for Funding (CFF)
- Interest Expense
Net Interest Income
+ Nonlnterest Income
Service Charges
Penalty Fees
Other
Total Noninterest Income
Net Income Before Nonlnterest Expense
$37,700,528
-Nonlnterest Expenses
Direct Expenses
Salary
Fringe Benefits
Personnel Expense
Vendor Data Processing
Furniture & Equipment
Printing, Postage, & Freight
Telephone & Electronic Access
Occupancy
Professional Fees-Legal & Other
FDIC Insurance
All Other Direct Expenses*
Total Direct Expense
Net Indirect Expenses
Charge for Portfolio Operations (CPO)
Total Nonlnterest Expense
Net Income
Memo: Net Income Before CFF and CPO
Pre-Tax Ratios
N·onlnterest lncomeffotal Direct Expenses
Personnel Expenseffotal Direct Expenses
Net Indirect Expenseffotal Direct Expenses
2.66
Interest Bearing Checking Accounts FTE Personnel
* Includes return item charges .
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
138
12.30
Average Interest Bearing Checking Account Profitability
Analysis of Average Interest Bearing Checking Account
14 Institutions
7 Institutions
Assets up to $150 M
Assets > $150 M
Earnings Per Account Per Month
Credit for Funding (CFF)
- Interest Expense
Net Interest Income
+Nonlnterest Income
Service Charges
Penalty Fees
Other
Total Noninterest Income
Net Income Before Nonlnterest Expense
$85.61
$27.00
$58.61
$72.65
$25.99
$46.66
$1 .80
$2.26
$0.20
$4.26
$1.67
$1.38
$0.13
$3.18
$62.87
$49.85
- Direct Activity Expenses
Deposits - Electronic
Deposits - NonElectronic
Withdrawals - Electronic
Withdrawals - NonElectronic
Transit Checks Deposited
Transit Checks Cashed
Accounts Opened
Accounts Closed
On-Us Checks Cashed
Acct Maintenance - Truncated
Acct Maintenance - NonTruncated
Total Direct Activity Expense
$0.01
$0.41
$0.37
$2.75
$0.69
$0.19
$0.05
$0.02
$0.45
$0.18
$4.90
$10.02
$3.20
$10.61
-Net Indirect Expenses
-Charge for PortfolioOperations (CPO)
Net Income
$6.72
$16.55
$29.58
$7.25
$10.24
$21.75
Memo: Net Income Before CFF and CPO
($39.48)
($40.67)
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
139
$0.02
$0.50
$0.72
$3.56
$0.93
$0.31
$0.10
$0.05
$0.26
$0.97
Interest Bearing Account Information
7 Institutions
Assets > 1150 M
$12,019,078
$ VOLUME OF INTEREST BEARING ODA
Average Number of Accounts
Average Account $ Volume
# Accounts Truncated
#Deposits
Electronic
Non Electronic
# Withdrawals
Electronic
Non Electronic
# Transit Checks Deposited
# Accounts Opened
# Accounts Closed
Average Number of Statements per Account per Year
FTE Personnel
Productivity Measures
Deposits per Account per Month
Withdrawals per Account per Month
Average Number Accounts/FTE Personnel
Account Opened/FTE Personnel
Nonlnterest lncome/FTE Personnel
Personnel Expense/FTE Personnel
Interest Bearing $ Volume/FTE Personnel
Item Costs*
Deposits-Electronic
Deposits-Non Electronic
$37,700,528
1,198
3,671
$10,031
$10,271
182
2,414
18,081
37,158
66,861
91,642
60,041
251,280
67,187
152
106
12
2.66
215,627
661,041
208,469
423
339
12
12.30
3.84
3.60
21 .65
19.90
4.67
Transit Checks Deposited per Account per Month
4.73
450
298
57
$22,561
$11,418
34
$25,152
$23,136
$4,511,182
$3,064,016
1.00
1.55
24.97
38.81
Withdrawals-Electronic
13.68
21.26
Withdrawals-Non Electronic
24.62
38.26
Transit Check Deposited
Transit Check Cashed
14.28
28.65
44.52
Account Opened
$10.64
$16.54
Account Closed
$6.39
26.97
41.91
On-Us Checks Cashed
*
14 Institutions
Assets u~ to 1150 M
27.98
$9.93
Acct Maintenance - Truncated-Monthly
$0.63
$1.90
Account Maintenance - NonTruncated-Monthly
$9.45
$14.07
Item Costs are in cents unless a$ is shown. Also, Item Costs include direct and net indirect expenses.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
140
Interest Bearing Checking Accounts - Item Costs
Assets up to $150 M
14 Institutions
Activity
Deposit-Electronic
Deposit-Non Electronic
Withdrawal-Electronic
Withdrawal-Non Electronic
Transit Check Deposited
Transit Check Cashed
Account Opened
Account Closed
On-Us Checks Cashed
Account Maintenance(Truncated)
Account Maintenance(NonTruncated)
Total
Activity
Deposit-Electronic
Direct ExRense
$102
$5,996
$4,497
$38,982
$6,446
$1,929
$1,105
$447
$3,400
$2,362
$72,331
$137,597
Direct
Item Cost•
Net
Indirect ExRense
$81
$3,906
$3,278
$24,809
$5,207
$1,502
$647
$294
$1,994
$1,579
$48,498
$91,795
Total ExRense
$182
$9,902
$7,n5
$63,791
$11,653
$3,431
$1,753
$741
$5,393
$3,941
$120,829
$229,392
Net Indirect
Total
Item Cost•
Item Cost•
0.60
0.40
1.00
Deposit-Non Electronic
14.96
10.01
24.97
Withdrawal-Electronic
8.20
5.48
13.69
14.75
9.87
24.62
Withdrawal-Non Electronic
Transit Check Deposited
Transit Check Cashed
8.43
5.85
14.28
17.17
11.48
28.65
Account Opened
$6.38
$4.27
$10.64
Account Closed
On-Us Checks Cashed
$3.83
16.16
$2.56
10.81
$6.39
26.97
Account Maintenance (Truncated)-Monthly
$0.39
$0.25
$0.63
Account Maintenance (NonTruncated)-Monthly
$5.59
$3.87
$9.46
* Item Costs are in cents unless a $ is shown.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Interest Bearing Checking Accounts - Item Costs
7 Institutions
Activity
Deposit-Electronic
Deposit-Non Electronic
Withdrawal-Electronic
Withdrawal-NonElectronic
Transit Check Deposited
Transit Check Cashed
Account Opened
Account Closed
On-Us Checks Cashed
Account Maintenance(Truncated)
Account Maintenance(Non Truncated)
Total
Activity
Deposit-Electronic
Deposit-Non Electronic
Assets > $150 M
Net
Indirect ExQense
Direct ExQense
$429
$15,680
$18,187
$106,688
$23,018
$8,036
$2,991
$1 ,412
$7,289
$28,760
$88,146
$1 ,037
$28,427
$46,167
$209,806
$46,186
$17,600
$6,429
$3,196
$16,077
$72,327
$106,999
$554,250
$300,636
Total ExQense
$1,466
$44,107
$64,354
$316,494
$69,204
$25,636
$9,420
$4,607
$23,366
$101 ,087
$195,145
$854,885
Direct
Net Indirect
Total
Item Cost*
Item Cost*
Item Cost*
0.96
0.59
1.55
24.02
14.78
38.80
Withdrawal-Electronic
13.17
8.10
21.26
Withdrawal-Non Electronic
Transit Check Deposited
23.69
17.32
14.58
10.65
38.27
27.98
Transit Check Cashed
27.56
16.96
44.52
Account Opened
$10.24
$6.30
$16.54
Account Closed
$6.14
$3.78
$9.92
On-Us Checks Cashed
25.95
15.96
41.91
Account Maintenance (Truncated)-Monthly
$1 .23
$0.67
$1 .90
Account Maintenance (Non Truncated)-Monthly
$9.16
$4.91
$14.07
* Item Costs are in cents unless a $ is shown.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
142
Interest Bearing Checking Account Size Analysis
3 Institutions
4 Institutions
Assets up to $150 M
Assets > $150 M
Accounts
Volume
Accounts
Volume
Under$200
11.95%
0.08%
7.51%
0.04%
$200- $499
7.73%
0.25%
5.84%
0.14%
$500 - $999
9.65%
0.66%
7.95%
0.42%
$1,000 - $4,999
28.31%
6.25%
38.19%
6.87%
$5,000 - $9,999
14.56%
9.95%
12.60%
6.36%
$10,000 - $24,999
20.08%
30.91%
16.05%
17.27%
$25,000 - $99,999
6.79%
28.29%
9.88%
30.97%
$100,000 and Over
0.92%
23.61%
2.00%
37.92%
100.00%
100.00%
100.00%
100.00%
Total
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Interest Bearing Checking Account Size Analysis
Distribution of Accounts
40%
35% 1, 1 - - - - - - - - - - - - , - - - , ~ ~
30%
25%
20%
15%
10%
5%
Under
$200
$200-$499 $500-$999
$1,000$4,999
$5 , 000$9,999
$10,000$24,999
$25,000$99,999
$100,000 &
Over
' ill Assets up to $150 M ■ Assets > $150 M '
Interest Bearing Checking Account Size Analysis
Distribution of Dollar Volume
40%
35% u - - - - - - - - - ~ - ; _ _ ; . - - - - - - - - - - - - - - - - - - -
30%
25% U - - - " - - - - - - - - - - - - - - - - - - - - - f , > ; ;a-- - + , ...
20%
15% i , i , - - , - - - - - - - - - - - - - - - - - - - - - 1 ' • . •
10%
5% u-----------._....;.;~-~i.-
0 % J . a - - - - - - - - · - - - -~
Under
$200-$499 $500-$999
$200
1
$1,000$4,999
cm Assets up to $150 M
143
$5,000$9,999
■ Assets>
$10,000$24,999
$150 M
$25,000$99,999
$100,000
& Over
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
This page left intentionally blank.
144
Savings Deposit Summary
Dollars
14 Institutions
7 Institutions
Assets up to $150 M
Assets > $150 M
$14,291,951
2,546
$ VOLUME OF SAVINGS DEPOSITS
Average Number of Accounts
Credit for Funding (CFF)
- Interest Expense
Net Interest Income
$55,538,487
9,424
$1,107,786
$476,511
$631,275
$4,169,516
$1,980,485
$2,189,031
$5,708
$3,894
$459
$10,062
$25,299
$1,382
$641,336
$2,216,802
+Nonlnterest Income
Service Charges
Penalty Fees
Other
Total Nonlnterest Income
Net Income Before Nonlnterest Expense
$.1.Qfil
$27,TT1
-Nonlnterest Expenses
Direct Expenses
Salary
Fringe Benefits
Personnel Expense
$65,495
$16,870
$82,365
$161 ,118
$51,039
$212,157
Vendor Data Processing
Furniture & Equipment
Printing, Postage, & Freight
Telephone & Electronic Access
Occupancy
Professional Fees - Legal & Other
FDIC Insurance
All Other Direct Expenses
Total Direct Expense
$6,710
$13,789
$10,641
$1,978
$13,555
$462
$2,120
$22,293
$153,912
$26,691
$36,015
$28,765
$7,724
$36,006
$383
$6,180
$40,756
$394,678
Net Indirect Expenses
Charge for Portfolio Operations (CPO)
$72,223
$.199,638
$425,TT2
$206,044
$.481,881
$1,082,603
$215,564
$1,134,200
($692,584)
($2,553,436)
Total Nonlnterest Expense
Net Income
Memo: Net Income Before CFF and CPO
Composition of Savings Deposit Portfolio
Assets up to $150 M
52%
48%
Assets > $150 M
a Reg Savings
I nm Reg Savings I
I
■ MMDA
■ MMDA
Account Type
Regular Savings
MMDA
Total
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Volume
$6,905,483
$7,386,468
$14,291,951
Account Type
Regular Savings
Volume
$35,953,512
MMDA
$19,584,975
Total
$55,538,487
145
Savings Deposit Summary
Percent of Savings Deposit $ Volume
14 Institutions
7 Institutions
Assets up to $150 M
Assets > $150 M
$14,291,951
$ VOLUME OF SAVINGS DEPOSITS
$55,538,487
Credit for Funding (CFF)
- Interest Expense
Net Interest Income
7.75%
3.33%
4.42%
7.51%
3.57%
3.94%
+Nonlnterest Income
Service Charges
Penalty Fees
Other
Total Nonlnterest Income
0.04%
0.03%
0.00%
0.07%
0.05%
0.00%
0.00%
0.05%
4.49%
3.99%
0.46%
0.12%
0.58%
0.29%
0.09%
0.38%
Vendor Data Processing
Furniture & Equipment
0.05%
0.10%
0.05%
0.06%
Printing, Postage, & Freight
Telephone & Electronic Access
0.07%
0.01%
0.05%
0.01%
Occupancy
Professional Fees-Legal & Other
0.09%
0.00%
0.06%
FDIC Insurance
0.01%
All Other Direct Expenses
Net Income Before Nonlnterest Expense
-Nonlnterest Expenses
Direct Expenses
Salary
Fringe Benefits
Personnel Expense
0.00%
0.01%
0.16%
0.07%
Total Direct Expense
1.08%
0.71%
Net Indirect Expenses
Charge for PortfolioOperations (CPO)
0.51%
1.40%
0.37%
0.87%
Total Nonlnterest Expense
2.98%
1.95%
1.51%
2.04%
(4.85%)
(4.60%)
6.54%
53.51%
46.92%
7.04%
53.75%
52.21%
Net Income
Memo: Net Income Before CFF and CPO
Pre-Tax Ratios
Nonlnterest Income/Total Direct Expenses
Personnel Expense/Total Direct Expenses
Net Indirect Expense/Total Direct Expenses
3.51
Savings Deposit FTE Personnel
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
146
8.17
Contribution to Savings Deposits
Nonlnterest Income and Direct Nonlnterest Expenses
Contribution to Savings Deposit Nonlnterest Income
$25,000
$20,000
$15,000
I II Assets up to $150 M I
I
I
: ■ Assets> $150 M
$10,000
I
$5,000
Regular Savings
MMDA
Account Type
14 Institutions
7 Institutions
Assets up to $150 M
Assets> $150 M
$22,721
$5,050
$27,771
$4,407
$5,655
$10,062
Regular Savings
MMDA
Total
Contribution to Savings Deposit Direct Nonlnterest Expenses
$250,000
1/
$200,000
$150,000
a Assets up to $150 M I
■ Assets>
$100,000
$150 M
$50,000
$0
Regular Savings
MMDA
14 Institutions
Assets up to $150 M
Account Type
$100,991
$52,921
$153,912
Regular Savings
MMDA
Total
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
147
7 Institutions
Assets > $150 M
$191 ,277
$203,400
$394,678
Regular Savings Accounts
REGULAR SAVINGS ACCOUNTS
Regular savings include all consumer and commercial savings, such as passbook and statement accounts,
school savings accounts, and club accounts. The figures graphed below are shown before transfer pricing.
Regular Savings Deposit Net Income
(Before Transfer Pricing)
% of volume
-1.0%-+---
-2.0%-+---
-3.0%--
-4.0%-+---
-6.oo/o_..___ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ __
Regular Savings Deposits - Nonlnterest Expense/ Total
Expense
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Assets<=
$150M
Assets
>$150M
148
Regular Savings Accounts
Dollars
14 Institutions
7 Institutions
Assets up to $150 M
Assets> $150 M
$6,905,483
2,311
3,834,081
95.22%
$35,953,512
8,546
13,435,388
95.65%
Credit For Funding (CFF)
-Interest Expense
Net Interest Income
+Nonlnterest Income
Service Charges
Penalty Fees
Other
Total Nonlnterest Income
$525,107
$201,344
$323,763
$2,686,996
$1,281,536
$1,405,460
$3,638
$651
$4,407
$20,279
$1 ,352
ll,.Qfil_
$22,721
Net Income Before Nonlnterest Expense
$328,170
$1,428,182
$ VOLUME OF REGULAR SAVINGS
Average Number of Accounts
Regular Savings Total Relative Weghts
Ratio of NonElectronic Weights/Total Transaction Weights
~
-Nonlnterest Expenses
Direct Expenses
Salary
Fringe Benefits
Personnel Expense
$40,098
$10,206
$50,304
$73,917
$22,918
$96,835
Vendor Data Processing
Furniture & Equipment
Printing, Postage, & Freight
Telephone & Electronic Access
Occupancy
Professional Fees - Legal & Other
FDIC Insurance
All Other Direct Expenses
Total Direct Expense
$5,327
$9,264
$7,711
$1,425
$9,534
$351
$999
$16,078
$100,991
$25,365
$14,979
$14,206
$2,527
$21,111
$96
$4,039
~
$191,277
Net Indirect Expenses
Charge for Portfolio Operations (CPO)
$47,745
$96.662
$245,398
$118,028
$279.714
$589,019
$82,771
$839,163
Total Nonlnterest Expense
Net Income
($345,673)
Memo: Net Income Before CFF and CPO
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
149
($1,568, 120)
Regular Savings Accounts
Percent of Regular Savings Account $ Volume
14 Institutions
7 Institutions
Assets up to $150 M
Assets > $150 M
$6,905,483
$ VOLUME OF REGULAR SAVINGS DEPOSITS
Credit for Funding (CFF)
- Interest Expense
Net Interest Income
$35,953,512
7.60%
2.92%
4.69%
7.47%
3.56%
3.91%
0.05%
0.01%
0.00%
0.06%
0.06%
0.00%
0.00%
0.06%
4.75%
3.97%
0.58%
0.15%
0.73%
0.21%
0.06%
0.27%
0.08%
0.13%
0.11%
0.02%
0.14%
0.01%
0.01%
0.23%
1.46%
0.07%
0.04%
0.04%
0.01%
0.06%
0.00%
0.01%
0.03%
0.53%
0.69%
1.40%
0.33%
0.78%
3.55%
1.64%
1.20%
2.33%
(5.01%)
(4.36%)
4.36%
49.81%
47.28%
11.88%
50.63%
61.70%
+ Nonlnterest Income
Service Charges
Penalty Fees
Other
Total Noninterest Income
Net Income Before Nonlnterest Expense
-Nonlnterest Expenses
Direct Expenses
Salary
Fringe Benefits
Personnel Expense
Vendor Data Processing
Furniture & Equipment
Printing, Postage, & Freight
Telephone & Electronic Access
Occupancy
Professional Fees-Legal & Other
FDIC Insurance
All Other Direct Expenses
Total Direct Expenses
Net Indirect Expenses
Charge for Portfolio Operations (CPO)
Total Nonlnterest Expense
Net Income
Memo: Net Income Before CFF and CPO
Pre-Tax Ratios
Nonlnterest Income/Total Direct Expenses
Personnel Expense/Total Direct Expenses
Net Indirect Expense/Total Direct Expenses
2.15
Regular Savings Accounts FTE Personnel
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
150
4.16
Average Regular Savings Account Profitability
Analysis of Average Regular Savings Account
14 Institutions
7 Institutions
Assets up to $150 M
Assets> $150 M
Earnings Per Account Per Year
$143.41
$263.77
$114.01
$149.76
$1.63
$0.46
$0.06
$2.15
$2.29
$0.17
$0.08
$2.54
$145.56
$152.29
- Direct Activity Expenses
Deposits - Electronic
Deposits - NonElectronic
Withdrawals - Electronic
Withdrawals - NonElectronic
Transit Checks Deposited
Accounts Opened
Accounts Closed
Account Maintenance
Total Direct Activity Expense
$0.02
$2.72
$0.19
$2.39
$6.95
$3.33
$1.56
$26.49
$43.65
$0.01
$1.46
$0.11
$1.37
$2.25
$1.95
$0.97
$14.81
$22.94
-Net Indirect Expenses
-Charge for Portfolio Operations (CPO)
Net Income
$21 .51
$42.59
$37.81
$15.53
$36.18 ·
$77.64
($153.12)
($149.94)
$233.52
$90.11
Credit for Funding (CFF)
-Interest Expense
Net Interest Income
+Nonlnterest Income
Service Charges
Penalty Fees
Other
Total Noninterest Income
Net Income Before Nonlnterest Expense
Memo: Net Income Before CFF and CPO
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
151
Regular Savings Account Information
14 Institutions
7 Institutions
Assets UR to i150 M
Assets > i150 M
$6,905,483
$ VOLUME OF REGULAR SAVINGS ACCOUNTS
Average Number of Accounts
Average Account$ Volume
$35,953,512
2,311
8,546
$2,988
$4,207
# Deposits
Electronic
Non Electronic
1,970
8,857
15,382
59,553
# Withdrawals
2,928
8,163
Non Electronic
12,535
54,085
# Transit Checks Deposited
66,871
# Accounts Opened
392
148,102
1,729
# Accounts Closed
344
1,390
Electronic
Average Number of Statements per Account per Year
FTE Personnel
Productivity Measures
Deposits per Account per Year
Withdrawals per Account per Year
Transit Checks Deposited per Account per Year
Average Number Accounts/FTE Personnel
4
7
2.15
4.16
7.51
8.01
6.69
7.28
28.93
1,074
17.33
2,054
182
Account Opened/FTE Personnel
Nonlnterest lncome/FTE Personnel
Personnel Expense/FTE Personnel
Average$ Volume/FTE Personnel
Item Costs*
Deposits-Electronic
Deposits-Non Electronic
416
$5,462
$2,048
$23,374
$23,278
$3,208,655
$8,642,671
4.08
2.60
62.65
39.90
Withdrawals-Electronic
34.83
22.18
Withdrawals-NonElectronic
62.68
39.92
45.83
$27.09
29.19
$17.26
Transit Check Deposited
Account Opened
Account Closed
$16.26
$10.35
Account Maintenance-Annual
$39.36
$25.07
* Item Costs are in cents unless a $ is shown. Also, Item Costs include direct and net indirect expenses.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
152
Regular Savings - Item Costs
14 Institutions
Assets up to $150 M
Direct Expense
Activity
Deposit-Electronic
Deposit-Nonelectronic
Withdrawal-Electronic
Withdrawal-Non Electronic
Transit Check Deposited
Account Opened
Account Closed
Account Maintenance
Total
Net
Indirect Expense
$24
$3,056
$272
$2,712
$7,129
$74
$9,257
$771
$8,332
$20,605
$7,868
$3,786
$63,492
$100,991
$3,540
$1,749
$29,262
$47,745
$11,408
$5,535
$92,754
$148,736
Direct
Item Cost*
Activity
Application-Electronic
Application-Nonelectronic
Total Expense
$50
$6,201
$500
$5,619
$13,476
Net Indirect
Item Cost*
Total
Item Cost*
2.75
1.33
4.08
42.17
20.47
62.65
34.83
Withdrawal-Electronic
23.45
11.38
Withdrawal-Non Electronic
42.19
20.48
62.67
Transit Check Deposited
30.85
14.98
45.83
$27.09
Account Opened
$18.24
$8.85
Account Closed
$10.94
$5.31
$16.26
Account Maintenance-Annual
$26.49
$12.86
$39.36
7 Institutions
Activity
Deposit-Electronic
Deposit-Nonelectronic
Withdrawal-Electronic
Withdrawal-Non Electronic
Transit Check Deposited
Account Opened
Account Closed
Account Maintenance
Total
Activity
Application-Electronic
Application-Nonelectronic
Assets > $150 M
Direct Expense
Net
Indirect Expense
Total Expense
$117
$12,177
$1,055
$11,505
$24,830
$89
$7,274
$700
$7,088
$12,753
$205
$19,451
$1,756
$18,593
$37,582
$15,984
$7,738
$117,872
$191,277
$9,696
$4,387
$76,041
$118,028
$25,679
$12,124
$193,914
$309,305
Direct
Item Cost*
Net Indirect
Item Cost*
Total
Item Cost*
1.53
1.06
2.60
23.58
16.32
39.90
Withdrawal-Electronic
13.11
9.08
22.19
Withdrawal-Non Electronic
23.59
16.33
39.92
Transit Check Deposited
Account Opened
Account Closed
Account Maintenance-Annual
*
17.25
11.94
29.18
$10.20
$7.06
$17.25
$6.12
$4.24
$10.35
$14.81
$10.25
$25.07
Item Costs are in cents unless a $ is shown.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
153
Regular Savings Account Size Analysis
4 Institutions
Assets > $150 M
6 Institutions
Assets up to $150 M
Accounts
Accounts
Volume
Volume
Under$200
34.97%
0.75%
43.29%
0.58%
$200- $499
15.27%
1.87%
12.31%
1.15%
$500- $999
10.89%
3.56%
10.89%
2.22%
$1,000 - $4,999
29.69%
34.84%
19.55%
13.26%
$5,000 - $9,999
4.84%
14.15%
5.95%
12.24%
$10,000 - $24,999
3.21%
20.54%
5.01%
23.01%
$25,000 - $99,999
1.05%
19.80%
2.81%
38.84%
$100,000 and Over
0.07%
4.49%
0.19%
8.70%
100.00%
100.00%
100.00%
100.00%
Total
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Regular Savings Account Size Analysis
Distribution of Accounts
50%
40%
30%
20%
0%
Under
$200-
$500-
$1,000-
$200
$499
$999
$4,999
$5,000$9,999
$10,000- $25,000- $100,000
$24,999 $99,999 & Over
!ll Assets up to $150 M ■ Assets> $150 MI
Regular Savings Account Size Analysis
Distribution of Dollar Volume
Under
$200
$200-$499 $500-$999
$1,000S4,999
$5,000$9,999
$10,000$24,999
ml Assets up to $150 M
•Assets> s1so M
154
$25,000$99,999
$100,000
& Over
Money Market Deposit Accounts
MONEY MARKET DEPOSIT ACCOUNTS (MMDAs)
This product includes all consumer and commercial MMDAs. The figures graphed below are shown before
transfer pricing .
MMDAs Net Income
(Before Transfer Pricing)
% of volume
-1.0% -+-----
-2.0%----
-3.0%---
-4.0% -+-----
-6.0%------------------------
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
MMDAs - Nonlnterest Expense/ Total Expense
Assets <= $150 M
Assets >$150M
155
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
This page left intentionally blank.
156
Money Market Deposit Accounts
Dollars
$ VOLUME OF MMDA ACCOUNTS
Average Number of Accounts
13 Institutions
7 Institutions
Assets up to $150 M
Assets > $150 M
$7,954,657
$19,584,975
253
879
1,981,920
679,524
95.96%
MMDA Total Relative Weights
NonElectronic Weights/Total Transaction Weights
96.80%
Credit For Funding (CFF)
$627,501
$1,482,520
-Interest Expense
Net Interest Income
+Nonlnterest Income
Service Charges
Penalty Fees
Other
Total Nonlnterest Income
$296,334
$331,166
$698,949
$783,571
$2,230
$3,493
$367
$6,090
$5,020
$30
Net Income Before Nonlnterest Expense
$337,257
$788,621
$Q
$5,050
-Nonlnterest Expenses
Direct Expenses
Salary
Fringe Benefits
$27,351
$7,177
$87,201
$28,122
$34,528
$115,322
Furniture & Equipment
$1,489
$4,874
$21,036
Printing, Postage, & Freight
$3,155
$14,558
Personnel Expense
Vendor Data Processing
$596
Telephone & Electronic Access
Occupancy
Professional Fees - Legal & Other
$4,330
$120
FDIC Insurance
$1,207
All Other Direct Expenses
Total Direct Expense
Net Indirect Expenses
Charge for Portfolio Operations (CPO)
Total Nonlnterest Expense
Net Income
Memo: Net Income Before CFF and CPO
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
157
$1,326
$5,196 _
$14,895
$287
$2,141
$6,693
$28,638
$56,991
$203,400
$26,361
$88,016
$._110,897
$194,249
$._202, 167
$493,584
$143,008
$295,037
($373,596)
($985,316)
Money Market Deposit Accounts
Percent of Money Market Deposit Accounts $ Volume
13 Institutions
7 Institutions
Assets up to $150 M
Assets > $150 M
$7,954,657
$ VOLUME OF MMDA ACCOUNTS
$19,584,975
4.16%
7.57%
3.57%
4.00%
0.03%
0.04%
0.00%
0.08%
0.03%
0.00%
0.00%
0.03%
4.24%
4.03%
0.34%
0.09%
0.43%
0.45%
0.14%
0.59%
0.02%
0.06%
0.04%
0.01%
0.05%
0.00%
0.02%
0.08%
0.72%
0.01%
0.11%
0.07%
0.03%
0.08%
0.00%
0.01%
0.15%
1.04%
Net Indirect Expenses
Charge for Portfolio Operations (CPO)
0.33%
1.39%
0.45%
1.03%
Total Nonlnterest Expense
2.44%
2.52%
1.80%
1.51%
(4.70%)
(5.03%)
10.69%
60.58%
46.25%
2.48%
56.70%
43.27%
7.89%
3.73%
Credit for Funding (CFF)
- Interest Expense
Net Interest Income
+ Nonlnterest Income
Service Charges
Penalty Fees
Other
Total Noninterest Income
Net Income Before Nonlnterest Expense
-Nonlnterest Expenses
Direct Expenses
Salary
Fringe Benefits
Personnel Expense
Vendor Data Processing
Furniture & Equipment
Printing, Postage, & Freight
Telephone & Electronic Access
Occupancy
Professional Fees-Legal & Other
FDIC Insurance
All Other Direct Expenses
Total Direct Expenses
Net Income
Memo: Net Income Before CFF and CPO
Pre-Tax Ratios
Nonlnterest Income/Total Direct Expenses
Personnel Expense/Total Direct Expenses
Net Indirect Expense/Total Direct Expenses
1.47
Money Market Deposit Accounts FTE Personnel
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
158
4.01
Average Money Market Deposit Account Profitability
Analysis of Average MMDA Account
13 Institutions
7 Institutions
Assets up to $150 M
Assets > $150 M
Earnings Per Account Per Year
$2,599.70
$1,160.57
Credit for Funding (CFF)
-Interest Expense
Net Interest Income
+Nonlnterest Income
Service Charges
Penalty Fees
Other
Total Noninterest Income
Net Income Before Nonlnterest Expense
- Direct Activity Expenses
Deposits - Electronic
Deposits - NonElectronic
Withdrawals - Electronic
Withdrawals - NonElectronic
Transit Checks Deposited
Accounts Opened
Accounts Closed
Account Maintenance
Total Direct Activity Expense
-Net Indirect Expenses
-Charge for Portfolio Operations (CPO)
Net Income
Memo: Net Income Before CFF and CPO
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
159
$1,439.13
$1,950.80
$816.30
$1,134.51
$13.83
$14.66
ll,_fil
$30.40
$9.54
$0.05
$0.00
$9.60
$1,469.53
$1,144.10
$0.44
$46.45
$4.39
$67.16
$81 .32
$11 .47
$12.28
$198.07
$421.58
$0.19
$43.31
$3.63
$70.11
$32.54
$17.02
$7.23
$107.27
$281.30
$188.06
$521. 15
$97.34
$250.50 ·
$338.75
$514.97
($1 ,739.81)
($1 ,185.33)
Money Market Deposit Account Information
$ VOLUME OF MMDA ACCOUNTS
13 Institutions
7 Institutions
Assets u~ to i150 M
Assets> i150 M
$7,954,657
Average Number of Accounts
Average Account $ Volume
$19,584,975
253
879
$31,480
$22,288
#Deposits
Electronic
Non Electronic
840
1,462
3,980
13,093
# Withdrawals
Electronic
Non Electronic
# Transit Checks Deposited
1,113
2,779
10,151
19,793
9,294
20,620
# Accounts Opened
35
140
# Accounts Closed
36
123
Average Number of Statements per Account per Year
11
12
1.47
4.01
FTE Personnel
Productivity Measures
Deposits per Account per Year
19.07
16.56
Withdrawals per Account per Year
44.58
25.69
Transit Checks Deposited per Account per Year
36.78
23.47
172
219
Average Number Accounts/FTE Personnel
Account Opened/FTE Personnel
Nonlnterest lncome/FTE Personnel
Personnel Expense/FTE Personnel
MMDA $ Volume/FTE Personnel
Item Costs*
Deposits-Electronic
Deposits-Non Electronic
24
35
$4,152
$1 ,260
$23,537
$28,769
$5,422,682
$4,885,774
23.04
12.19
353.82
187.29
Withdrawals-Electronic
182.93
104.13
Withdrawals-Non Electronic
353.97
187.37
258.82
$153.02
137.00
$81.00
Transit Check Deposited
Account Opened
Account Closed
Account Maintenance-Annual
$91.81
$48.60
$282.55
$149.56
* Item Costs are in cents unless a $ is shown. Also, Item Costs include direct and net indirect expenses.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
160
Money Market Deposit Account - Item Costs
13 Institutions
Assets up to $150 M
Direct Expense
Activity
Deposit-Electronic
Deposit-Nonelectronic
Withdrawal-Electronic
Withdrawal-Non Electronic
Transit Check Deposited
$78
$5,973
$611
$8,792
$9,557
$1,924
$1,457
$28,599
$56,991
Account Opened
Account Closed
Account Maintenance
Total
$34
$2,844
$300
$4,534
$4,224
$848
$655
$12,922
$26,361
Net Indirect
Direct
Item Cost•
16.15
248.03
126.78
248.14
181.44
$107.26
$64.36
$198.07
Activity
Application-Electronic
Application-Nonelectronic
Withdrawal-Electronic
Withdrawal-Non Electronic
Transit Check Deposited
Account Opened
Account Closed
Account Maintenance-Annual
7 Institutions
Activity
Deposit-Electronic
Deposit-Nonelectronic
Withdrawal-Electronic
Withdrawal-Non Electronic
Transit Check Deposited
Account Opened
Account Closed
Account Maintenance
Total
Activity
Application-Electronic
Application-Nonelectronic
Withdrawal-Electronic
Withdrawal-Non Electronic
Transit Check Deposited
Account Opened
Account Closed
Account Maintenance-Annual
Item Cost*
6.89
105.79
56.15
105.83
77.39
$45.75
$27.45
$84.48
Total Expense
$112
$8,817
$911
$13,327
$13,781
$2,772
$2,112
$41,520
$83,352
Total
Item Cost•
23.04
353.82
182.93
353.97
258.82
$153.01
$91.81
$282.55
Assets > $150 M
Direct Expense
$138
$26,092
$3,144
$54,544
$13,287
$14,304
$4,555
$87 337
$203,400
Direct
Item Cost•
8.75
134.33
74.69
134.39
98.26
$58.10
$34.86
$107.27
• Item Costs are in cents unless a $ is shown.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Net
Indirect Expense
161
Net
Indirect Expense
$70
$9,208
$1 ,298
$17,279
$7,057
$5,222
$2,192
$45,688
$88,016
Net Indirect
Item Cost•
3.45
52.95
29.44
52.97
38.73
$22.90
$13.74
$42.29
Total Expense
$208
$35,299
$4,442
$71 ,824
$20,344
$19,527
$6,747
$133,025
$291,416
Total
Item Cost*
12.19
187.29
104.13
187.37
137.00
$81.00
$48.59
$149.56
MMDA Size Analysis
5 Institutions
4 Institutions
Assets up to $150 M
Assets > $150 M
Accounts
Volume
Accounts
Volume
Under$200
1.97%
0.00%
6.34%
0.02%
$200 - $499
0.98%
0.01%
2.15%
0.03%
$500 - $999
1.81%
0.03%
3.18%
0.11%
$1,000 - $4,999
19.61%
1.45%
30.31%
3.85%
$5,000 - $9,999
17.36%
2.84%
19.87%
6.64%
$10,000 - $24,999
27.84%
11.39%
20.75%
15.39%
$25,000 - $99,999
21.89%
30.24%
13.95%
31.00%
$100,000 and Over
8.54%
54.04%
3.45%
42.97%
100.00%
100.00%
100.00%
100.00%
Total
MMDA Size Analysis
Distribution of Accounts
30%
25%
20%
15%
10%
0%
Under
$200
$200-$499 $500-$999
$1,000$4,999
$5,000$9,999
mAssets up to $150 M
■ Assets>
$10,000$24,999
$25,000$99,999
$100,000
& Over
$150 M
MMDA Size Analysis
Distribution of Dollar Volume
60%
50%
40%
30%
20%
10%
Oo/o_u.--------------•~m
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Under
$200
$200-$499 $500-$999
$1,000$4,999
Ill Assets up to $150 M
162
$5,000$9,999
■ Assets>
$10,000$24,999
$150 M
$25,000$99,999
$100,000
& Over
Time Deposit Summary
Dollars
14 Institutions
7 Institutions
Assets up to $150 M
Assets > $150 M
$ VOLUME OF TIME DEPOSITS
Average Number of Accounts
$39,020,047
2,751
$114,387,250
8,520
$3,040,280
$2.171,411
$868,870
$8,586,624
$6.449,915
$2,136,709
$404
$11,880
$528
$12,812
$3,149
$16,056
$881,682
$2,155,914
$63,233
$17,059
$80,292
$144,723
$40077
$184,800
Credit for Funding (CFF)
-Interest Expense
Net Interest Income
+Nonlnterest Income
Service Charges
Penalty Fees
Other
Total Nonlnterest Income
Net Income Before Nonlnterest Expense
~
$19,205
-Nonlnterest Expenses
Direct Expenses
Salary
Fringe Benefits
Personnel Expense
Vendor Data Processing
$9,828
$17,682
Furniture & Equipment
Printing, Postage, & Freight
$13,007
$27,603
$8,151
$17,525
Telephone & Electronic Access
$1,806
$11,905
$25,896
$905
$6,120
$607
$12,692
Occupancy
Professional Fees - Legal & Other
FDIC Insurance
All Other Direct Expenses
$19,156
$29,778
$151,170
$323,168
$63,487
$..573,584
$788,240
$157,384
$..1,099,252
$1,579,804
$93,442
$576,110
($2,373,255)
($6,911,262)
Total Direct Expenses
Net Indirect Expenses
Charge for Portfolio Operations (CPO)
Total Nonlnterest Expense
Net Income
Memo: Net Income Before CFF and CPO
$6,585
Composition of Time Deposit Portfolio
Assets up to $150 M
Assets > $150 M
mRetirement
11%
14%
1
1
■ CDs $100,000 &
Over
C OtherTlme
13%
I
/ 0%
I
C CDs< $100,000
Account Type
Retirement
Other Time
CDs < $100,000
CDs $100,000 and Over
Total
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
mRetirement
/
j
73% ' ~
/
Account Type
Retirement
Other Time
CDs < $100,000
CDs $100,000 and Over
Total
Volume
$4,422,326
$489,755
$24,258,032
$9,849,935
$39,020,047
163
■
CDs $100,000 &
Over
C Other Time
□ CDs<
$100,000
Volume
$16,370,613
$500,000
$82,095,563
$15,421,Q75
$114,387,250
Time Deposit Summary
Percent of Time Deposit$ Volume
14 Institutions
7 Institutions
Assets up to $150 M
Assets> $150 M
$39,020,047
$ VOLUME OF TIME DEPOSITS
Credit For Funding (CFF)
-Interest Expense
Net Interest Income
+Nonlnterest Income
Service Charges
Penalty Fees
Other
Total Nonlnterest Income
Net Income Before Nonlnterest Expense
$114,387,250
7.79%
5.56%
2.23%
7.51%
5.64%
1.87%
0.00%
0.03%
0.00%
0.03%
0.00%
0.01%
0.00%
0.02%
2.26%
1.88%
-Nonlnterest Expenses
Direct Expenses
Salary
Fringe Benefits
Personnel Expense
0.16%
0.04%
0.21%
0.13%
0.04%
0.16%
0.03%
0.03%
0.02%
0.00%
0.03%
0.00%
0.02%
0.05%
0.39%
0.02%
0.02%
0.02%
0.01%
0.02%
0.00%
0.01%
0.03%
0.28%
Net Indirect Expenses
Charge for Portfolio Operations (CPO)
0.16%
1.47%
0.14%
0.96%
Total Nonlnterest Expense
2.02%
1.38%
0.24%
0.50%
(6.08%)
(6.04%)
Nonlnterest Income/Total Direct Expenses
8.48%
5.94%
Personnel Expense/Total Direct Expenses
53.11%
57.18%
Net Indirect Expenses/Total Direct Expenses
42.00%
48.70%
Vendor Data Processing
Furniture & Equipment
Printing, Postage, & Freight
Telephone & Electronic Access
Occupancy
Professional Fees - Legal & Other
FDIC Insurance
All Other Direct Expenses
Total Direct Expense
Net Income
Memo: Net Income Before CFF and CPO
Pre-Tax Ratios
Time Deposit FTE Personnel
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
2.77
164
6.10
Contribution to Time Deposit
Nonlnterest Income and Direct Nonlnterest Expenses
Contribution to Time Deposit Nonlnterest Income
$16,000 "'
$14,000 , I - - - - ~ - - - - - - - - - , , - ~ - - - - - :
$12,000
$10,000
$8,000
l'I Assets up to $150 M ,
$6,000
■ Assets>
$4,000
$2,000
$0 _
$150 M
...,.........,,
Retirement
Other Time
CD's< $100,000 CD's $100,000 &
Over
Account Type
Retirement
Other Time
CDs< $100,000
CDs $100,000 and Over
Total
14 Institutions
7 Institutions
Assets up to $150 M
Assets > S150 M
$4,422
$0
$14,203
$580
$19,205
$2,091
$7
$7,187
$3,528
$12,812
Contribution to Time Deposit Direct Nonlnterest Expenses
$200,000
$150,000
$100,000
II Assets up to $150 M I
■ Assets>
$50,000
Retirement
Other Time
CD's< $100,000 CD's $100,000 &
Over
Account Type
Retirement
Other Time
CDs < $100,000
CDs $100,000 and Over
Total
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$150 M
14 Institutions
7 Institutions
Assets up to S150 M
Assets > $150 M
$31 ,375
$4,132
$77,200
$38.462
$151 ,170
165
$96,804
$198
$180,062
$46.104
$323,168
Retirement Accounts
RETIREMENT ACCOUNTS
This product includes all retirement accounts, such as IRA, Keogh, and other similar tax-deferred plans, as
well as IRA CDs structured similarly to retirement accounts. The expenses graphed below are shown before
transfer pricing.
Retirement Accounts Net Income
(Before Transfer Pricing)
% of volume
-1.0% + - - - -
-2.0% + - - - -
-3.0%----
-4.0% - - - -
-5.0% - - - -
-6.0% - + - - - -
Retirement Accounts - Nonlnterest Expense/ Total Expense
50%
40%
30%
20%
10%
0%
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Assets<= $150M
Assets >$1 SOM
166
Retirement Account Summary
Dollars
14 Institutions
7 Institutions
Assets UR to 1150 M
Assets > 1150 M
$4,422,326
459
27,335
96.58%
$16,370,613
2,493
96,851
97.37%
$338,924
$254,761
$84,163
$1,224,721
$945,550
$279,171
$404
$1,180
$507
$2,091
$3,149
$1,273
$86,253
$283,593
$13,925
$3,979
$17,904
$43,148
$11,950
$55,098
Vendor Data Processing
Furniture & Equipment
Printing, Postage, & Freight
Telephone & Electronic Access
Occupancy
Professional Fees - Legal & Other
FDIC Insurance
All Other Direct Expenses
Total Direct Expenses
$1,568
$3,063
$2,067
$406
$2,474
$122
$681
$3,092
$31,375
$7,069
$8,197
$5,551
$1,634
$8,472
$49
$1,806
$8,929
$96,804
Net Indirect Expenses
Charge for Portfolio Operations (CPO)
$13,393
$58.411
$103,180
$47,000
$152.438
$296,242
($16,926)
($12,649)
($?97,439)
($1,084,932)
$ VOLUME OF RETIREMENT ACCOUNTS
Average Number of Accounts
Retirement Total Relative Weights
NonElectronic Weights/Total Transaction Weights
Credit for Funding (CFF)
-Interest Expense
Net Interest Income
+Nonlnterest Income
Service Charges
Penalty Fees
Other
Total Nonlnterest Income
Net Income Before Nonlnterest Expense
iQ
$4,422
-Nonlnterest Expenses
Direct Expenses
Salary
Fringe Benefits
Personnel Expense
Total Nonlnterest Expense
Net Income
Memo: Net Income Before CFF and CPO
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
167
Retirement Accounts
Percent of Retirement Accounts $ Volume
14 Institutions
7 Institutions
Assets up to $150 M
Assets > $150 M
$4,422,326
$ VOLUME OF RETIREMENT ACCOUNTS
$16,370,613
1.90%
7.48%
5.78%
1.71%
+Nonlnterest Income
Service Charges
Penalty Fees
Other
Total Nonlnterest Income
0.01%
0.03%
0.01%
0.05%
0.02%
0.01%
0.00%
0.03%
Net Income Before Nonlnterest Expense
1.95%
1.73%
0.31%
0.09%
0.40%
0.26%
0.07%
0.34%
0.04%
0.07%
0.05%
0.01%
0.06%
0.00%
0.02%
0.07%
0.71%
0.04%
0.05%
0.03%
0.01%
0.05%
0.00%
0.01%
0.05%
0.59%
Net Indirect Expenses
Charge for Portfolio Operations (CPO)
0.30%
1.32%
0.29%
0.93%
Total Nonlnterest Expense
2.33%
1.81%
(0.38%)
(0.08%)
(6.73%)
(6.63%)
6.66%
57.06%
42.69%
4.57%
56.92%
48.55%
7.66%
5.76%
Credit for Funding (CFF)
-Interest Expense
Net Interest Income
-Nonlnterest Expenses
Direct Expenses
Salary
Fringe Benefits
Personnel Expense
Vendor Data Processing
Furniture & Equipment
Printing, Postage, & Freight
Telephone & Electronic Access
Occupancy
Professional Fees-Legal & Other
FDIC Insurance
All Other Direct Expenses
Total Direct Expenses
Net Income
Memo: Net Income Before CFF and CPO
Pre-Tax Ratios
Nonlnterest lncomerrotal Direct Expenses
Personnel Expenserrotal Direct Expenses
Net Indirect Expenserrotal Direct Expenses
0.62
Retirement Accounts FTE Personnel
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
168
1.81
Average Retirement Account Profitability
Analysis of Average Regular Savings Account
14 Institutions
7 Institutions
Assets up to $150 M
Assets > $150 M
Earnings Per Account Per Year
Credit for Funding (CFF)
-Interest Expense
Net Interest Income
+Nonlnterest Income
Service Charges
Penalty Fees
Other
Total Nonlnterest Income
$73782
$554.60
$183.22
$491.32
$379.33
$111.99
$0.88
$2.57
$1.26
$0.51
$0.00
$1.77
llJ.Q
$4.55
$187.n
Net Income Before Nonlnterest Expense
- Direct Activity Expenses
Deposits - Electronic
Deposits - NonElectronic
Withdrawals - Electronic
Withdrawals - NonElectronic
Accounts Opened
Accounts Closed
Account Maintenance
Total Direct Activity Expense
$113.77
$0.09
$16.73
$0.50
$7.38
$2.94
$2.96
$37.71
$68.30
$0.23
$10.30
$0.18
$3.52
$2.23
$1.89
$20.49
$38.83
-Net Indirect Expenses
-Charge for PortfolioOperations (CPO)
Net Income
$29.16
$12716
($36.85)
$18.85
$61.15
($5.07)
Memo: Net Income Before CFF and CPO
($647.51)
($435.24)
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
169
Retirement Account Information
14 Institutions
7 Institutions
Assets up to $150 M
Assets > $150 M
$4,422,326
459
$9,627
$ VOLUME OF RETIREMENT ACCOUNTS
Average Number of Accounts
Average Account $ Volume
# Deposits
Electronic
Non Electronic
# Withdrawals
Electronic
Non Electronic
# Accounts Opened
# Accounts Closed
FTE Personnel
Productivity Measures
Deposits per Account per Year
Withdrawals per Account per Year
Average Number Accounts/FTE Personnel
Accounts Opened/FTE Personnel
Nonlnterest lncome/FTE Personnel
Personnel Expense/FTE Personnel
$ Volume/FTE Personnel
Item Costs*
Deposits-Electronic
Deposits-Non Electronic
Withdrawals-Electronic
Withd rawals-NonElectronic
Account Opened
Account Closed
Account Maintenance-Annual
85
825
994
1,697
48
280
135
1,111
35
54
0.62
304
324
1.81
1.98
1.08
0.71
0.50
746
1,380
57
168
$3,396
$2,449
$29,078
$30,513
$7,182,432
$9,066,004
280.36
128.20
5,844.28
2,717.47
941.36
430.44
2,725.24
1,267.18
$65.34
$30.38
$43.56
$20.26
$56.52
$26.28
" Item Costs are in cents unless a $ is shown. Also, Item Costs include direct and net indirect expenses.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
170
$16,370,613
2,493
$6,567
Retirement Account - Item Costs
14 Institutions
Assets up to $150 M
Net
Indirect Expense
Direct Expense
$42
$7,685
$232
$3,388
$1,349
$1,358
$17,321
$31,375
Activity
Deposit-Electronic
Deposit-Nonelectronic
Withdrawal-Electronic
Withdrawal-Non Electronic
Account Opened
Account Closed
Account Maintenance
Total
$16
$2,992
$97
$1 ,573
$565
$555
$7,594
$13,393
Net Indirect
Direct
Item Cost*
Activity
Deposit-Electronic
Deposit-Nonelectronic
Withdrawal-Electronic
Item Cost*
Total Expense
$58
$10,678
$329
$4,961
$1,914
$1,914
$24,915
$44,769
Total
Item Cost*
190.50
89.86
280.36
4,005.52
1,838.76
5,844.28
639.63
301.74
941 .36
1,867.80
857.43
2,725.23
Account Opened
$44.79
$20.56
$65.35
Account Closed
$29.86
$13.71
$43.56
Account Maintenance-Annual
$38.74
$17.78
$56.52
Withdrawal-Non Electronic
7 Institutions
Activity
Deposit-Electronic
Deposit-Nonelectronic
Withdrawal-Electronic
Withdrawal-Non Electronic
Account Opened
Account Closed
Account Maintenance
Total
Activity
Deposit-Electronic
Deposit-Nonelectronic
Assets> $150 M
Direct Expense
$567
$25,678
$444
$8,780
$5,562
$4,706
$51,068
$96,804
Direct
Item Cost*
Net
Indirect Expense
$537
$15,939
$225
$4,739
$2,958
$1 ,966
$20,636
$47,000
Net Indirect
Total Expense
$1 ,103
$41 ,617
$669
$13,519
$8,520
$6,672
$71,704
$143,804
Total
Item Cost*
87.19
Item Cost*
41.01
1,840.15
877.32
2,717.47
128.20
Withdrawal-Electronic
292.76
137.68
430.44
Withdrawal-Non Electronic
858.08
409.10
1,267.18
Account Opened
$20.57
$9.81
$30.38
Account Closed
$13.72
$6.54
$20.25
Account Maintenance-Annual
$17.80
$8.48
$26.28
* Item Costs are in cents unless a $ is shown.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
171
Other Time Deposit Accounts
OTHER TIME DEPOSIT ACCOUNTS
This product includes special-notice time accounts, time open accounts, non U.S. savings bonds, interest
bearing escrow accounts, time deposits of commercial, government or municipal entities, and any other time
deposit product that is neither a CD nor a retirement account. The expenses graphed below are shown
before transfer pricing.
Other Time Deposit Accounts Net Income
(Before Transfer Pricing)
% of volume
-1.0%
+------
-2.0%---3.0% - - -4.0% - - -5.0%---6.0%---
-8.0% - - - - - - - - - - - - - - - - - - - - - - - - - - -
Other Time Deposit Accounts - Nonlnterest Expense/ Total
Expense
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Assets >$1 SOM
Assets <= $1 SOM
172
Other Time Deposit Accounts Summary
Dollars
5 Institutions
Institutions
Assets u~ to i150 M
Assets> i150 M
$1 ,371,313
$ VOLUME OF OTHER TIME DEPOSIT ACCOUNTS
Average Number of Accounts
Other Time Total Relative Weights
NonElectronic Weights/Total Transaction Weights
41
6,955
99.13%
$106,004
$76,225
$29,780
Credit for Funding (CFF)
-Interest Expense
Net Interest Income
+Nonlnterest Income
Service Charges
Penalty Fees
Other
Total Nonlnterest Income
$0
$10
filQ
$20
Net Income Before Nonlnterest Expense
$0
0
0
0.00%
$0
$Q
$0
$0
$0
$Q
$0
$29,800
$0
$6,990
$1,425
$8,415
$Q
-Nonlnterest Expenses
Direct Expenses
Salary
Fringe Benefits
Personnel Expense
$0
$0
Vendor Data Processing
Furniture & Equipment
Printing, Postage, & Freight
Telephone & Electronic Access
Occupancy
Professional Fees - Legal & Other
FDIC Insurance
All Other Direct Expenses
Total Direct Expenses
$157
$305
$84
$28
$252
$118
$154
$2,056
$11,571
Net Indirect Expenses
Charge for Portfolio Operations (CPO)
$5,587
$11,270
$28,428
lJ2
$1,372
$0
($93,363)
$0
Total Nonlnterest Expense
Net Income
Memo: Net income Before CFF and CPO
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
173
$0
$0
$0
$0
$0
$0
$0
$Q
$0
$0
$0
Other Time Deposit Accounts
Percent of Other Time Deposit Accounts$ Volume
$ VOLUME OF OTHER TIME DEPOSIT ACCOUNTS
5 Institutions
Institutions
Assets UR to i150 M
Assets > i150 M
$1 ,371,313
$0
2.17%
0.00%
0.00%
0.00%
+Nonlnterest Income
Service Charges
Penalty Fees
Other
Total Nonlnterest Income
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
Net Income Before Nonlnterest Expense
2.17%
0.00%
0.51%
0.10%
0.61%
0.00%
0.00%
0.00%
0.01%
0.02%
0.01%
0.00%
0.02%
0.01%
0.01%
0.15%
0.84%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
Net Indirect Expenses
Charge for Portfolio Operations (CPO)
0.41%
0.82%
0.00%
0.00%
Total Nonlnterest Expense
2.07%
0.00%
0.10%
0.00%
(6.81%)
0.00%
0.17%
72.73%
48.29%
0.00%
0.00%
0.00%
7.73%
5.56%
Credit for Funding (CFF)
-Interest Expense
Net Interest Income
-Nonlnterest Expenses
Direct Expenses
Salary
Fringe Benefits
Personnel Expense
Vendor Data Processing
Furniture & Equipment
Printing, Postage, & Freight
Telephone & Electronic Access
Occupancy
Professional Fees-Legal & Other
FDIC Insurance
All Other Direct Expenses
Total Direct Expenses
Net Income
Memo: Net Income Before CFF and CPO
Pre-Tax Ratios
N·onlnterest Income/Total Direct Expenses
Personnel Expense/Total Direct Expenses
Net Indirect Expense/Total Direct Expenses
0.25
Other Time Deposit Accounts FTE Personnel
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
174
0.00
Other Time Deposit Accounts Information
5 Institutions
Institutions
Assets up to $150 M
Assets > $150 M
$1,371,313
41
$33,776
$ VOLUME OF OTHER TIME DEPOSIT ACCOUNTS
Average Number of Accounts
Average Account $ Volume
$0
0
$0
# Deposits
Electronic
Non Electronic
# Withdrawals
Electronic
Non Electronic
# Accounts Opened
# Accounts Closed
32
302
0
0
6
12
3
0
0
0
0
FTE Personnel
0.25
0.00
43
Productivity Measures
Deposits per Account per Year
8
0
0
Withdrawals per Account per Year
162
Average Number Accounts/FTE Personnel
Accounts Opened/FTE Personnel
Nonlnterest lncome/FTE Personnel
Personnel Expense/FTE Personnel
$ Volume/FTE Personnel
Item Costs*
Deposits-Electronic
Deposits-Non Electronic
0
49
0
$80
$0
$33,660
$0
$5,485,250
$0
639.51
11,717.79
0.00
0.00
Withdrawals-Electronic
2,147.28
0.00
Withdrawals-Non Electronic
5,464.09
0.00
Account Opened
$247.34
$0.00
Account Closed
$164.89
$0.00
Account Maintenance-Annual
$240.22
$0.00
* Item Costs are in cents unless a $ is shown. Also, Item Costs include direct and net indirect expenses.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
175
Other Time Deposit Accounts - Item Costs
5 Institutions
Assets up to $150 M
Direct Expense
$24
$4,193
$81
$1,489
$959
$726
$4,098
$11,571
Activity
Deposit-Electronic
Deposit-Nonelectronic
Withdrawal-Electronic
Withdrawal-Non Electronic
Account Opened
Account Closed
Account Maintenance
Total
Net
Indirect Expense
$13
$2,233
$42
$773
$312
$223
$1,991
$5,587
Net Indirect
Direct
Activity
Deposit-Electronic
Deposit-Nonelectronic
Total Expense
$37
$6,426
$123
$2,263
$1,271
$950
$6,089
$17,158
Total
Item Cost*
420.56
Item Cost*
Item Cost*
218.95
639.51
7,706.00
4,011.80
11,717.79
Withdrawal-Electronic
1,412.12
735.16
2,147.28
Withdrawal-NonElectronic
3,593.36
1,870.73
5,464.10
Account Opened
$176.59
$70.75
$247.34
Account Closed
$117.73
$47.17
$164.89
Account Maintenance-Annual
$171.59
$68.62
$240.21
Institutions
Activity
Deposit-Electronic
Deposit-Nonelectronic
Withdrawal-Electronic
Withdrawal-Non Electronic
Account Opened
Account Closed
Account Maintenance
Total
Assets > $150 M
Direct Expense
$0
$0
$0
$0
$0
$0
$Q
$0
Direct
Activity
Item Cost*
Net
Indirect Expense
Total Expense
$0
$0
$0
$0
$0
$0
$Q
$0
Net Indirect
Item Cost*
$0
$0
$0
$0
$0
$0
$Q
$0
Total
Item Cost*
Deposit-Electronic
0.00
0.00
Deposit-Nonelectronic
0.00
0.00
0.00
Withdrawal-Electronic
0.00
0.00
0.00
Withdrawal-Non Electronic
Account Opened
0.00
0.00
0.00
0.00
$0.00
$0.00
$0.00
Account Closed
$0.00
$0.00
$0.00
Account Maintenance-Annual
$0.00
$0.00
$0.00
.. Item Costs are in cents unless a$ is shown.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
176
Certificates of Deposit Under $100,000
CERTIFICATES OF DEPOSIT (CDs) UNDER $100,000
This product includes all deposits with formal receipts issued for money deposited less than $100,000,
payable at a fixed time at a specific rate of interest (excluding IRA CDs, which are included with retirement
accounts). The expenses graphed below are shown before transfer pricing.
CDs Under $100,000 Net Income
(Before Transfer Pricing)
% of volume
-1.00% +---~
-2.00% + - - - -
-3.00%----
-4.00%----
-5.00%----
-6.00%----7.00% .......___ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ __
CDs Under $100,000 - Non Interest Expense/ Total Expense
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Assets <= $1 SOM
Assets >$1 SOM
177
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
This page left intentionally blank.
178
Certificates of Deposit Under $100,000 Summary
Dollars
14 Institutions
7 Institutions
Assets up to $150 M
Assets > $150 M
$24,258,032
2,224
6,627
$ VOLUME OF CDS UNDER $100,000
Average Number of Certificates
CDs Under $100,000 Total Relative Weights
Credit for Funding (CFF)
-Interest Expense
Net Interest Income
+Nonlnterest Income
Penalty Fees
Other
Total Nonlnterest Income
Net Income Before Nonlnterest Expense
$82,095,563
5,934
20,933
$1,885,742
$1,335,777
$549,965
$6,165,778
$4,570,855
$1,594,923
$7,169
$14,203
lli
iQ
$7,187
$14,203
$557,151
$1 ,609,126
-Nonlnterest Expenses
Direct Expenses
Salary
Fringe Benefits
Personnel Expense
$30,805
$8,058
$38,863
$79,475
$21,995
$101,470
Vendor Data Processing
Furniture & Equipment
Printing, Postage, & Freight
Telephone & Electronic Access
Occupancy
Professional Fees - Legal & Other
FDIC Insurance
All Other Direct Expenses
Total Direct Expenses
$7,122
$5,663
$3,780
$884
$6,260
$633
$4,004
$9,990
$77,200
$10,132
$15,721
$9,590 $4,127
$13,060
$311
$9,026
$16,624
$180,062
Net Indirect Expenses
Charge for Portfolio Operations (CPO)
$32,599
$356,537
$466,336
$85,196
$810,625
$1,075,883
$90,815
$533,243
($1,438,389)
($4,821 ,910)
Total Nonlnterest Expense
Net Income
Memo: Net Income Before CFF and CPO
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
179
Certificates of Deposit Under $100,000 Summary
Percent of Certificates of Deposit Under $100,000$ Volume
$ VOLUME OF CDS UNDER $100,000
14 Institutions
7 Institutions
Assets up to $150 M
Assets > $150 M
$24,258,032
$82,095,563
Credit for Funding (CFF)
-Interest Expense
Net Interest Income
7.77%
5.51%
2.27%
7.51%
5.57%
1.94%
+Nonlnterest Income
Penalty Fees
Other
Total Nonlnterest Income
0.03%
0.00%
0.03%
0.02%
0.00%
0.02%
2.30%
1.96%
0.13%
0.03%
0.16%
0.10%
0.03%
0. 12%
0.03%
0.02%
0.02%
0.00%
0.03%
0.00%
0.02%
0.04%
0.32%
0.01%
0.02%
0.01%
0.01%
0.02%
0.00%
0.01%
0.02%
0.22%
Net Indirect Expenses
Charge for Portfolio Operations (CPO)
0.13%
1.47%
0.10%
0.99%
Total Nonlnterest Expense
1.92%
1.31%
0.37%
0.65%
(5.93%)
(5.87%)
9.31%
50.34%
42.23%
7.89%
56.35%
47.31%
Net Income Before Nonlnterest Expense
-Nonlnterest Expenses
Direct Expenses
Salary
Fringe Benefits
Personnel Expense
Vendor Data Processing
Furniture & Equipment
Printing, Postage, & Freight
Telephone & Electronic Access
Occupancy
Professional Fees-Legal & Other
FDIC Insurance
All Other Direct Expenses
Total Direct Expenses
Net Income
Memo: Net Income Before CFF and CPO
Pre-Tax Ratios
Nonlnterest Income/Total Direct Expenses
Personnel Expense/Total Direct Expenses
Net Indirect Expense/Total Direct Expenses
Certificates of Deposit Under $100,000 FTE Personnel
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
1.33
180
3.41
Certificates of Deposit Under $100,000 Information
$ VOLUME OF CDS UNDER $100,000
14 Institutions
7 Institutions
Assets up to $150 M
Assets > $150 M
$24,258,032
Average Number of Certificates
Average CD $ Volume
5,934
$10,909
$13,834
769
748
1.33
# CDs Issued
# CDs Matured
FTE Personnel
$82,095,563
2,224
2,660
2,479
3.41
Productivity Measures
1,675
Average Number CDs/FTE Personnel
1,739
579
779
726
Nonlnterest lncome/FTE Personnel
563
$5,412
$4,162
Personnel Expense/FTE Personnel
$29,267
$29,732
$18,268,555
$24,054,790
CD Issued
$61.24
$55.09
CD Matured
$36.76
$33.07
Account Maintenance-Annual
$16.94
$15.24
CDs lssued/FTE Personnel
CDs Matured/FTE Personnel
$ Volume/FTE Personnel
Item Costs*
* Item Costs include direct and net indirect expenses.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
181
Certificates of Deposit Under $100,000 - Item Costs
14 Institutions
Assets up to $150 M
Direct Expense
Activity
CD Issued
CD Matured
Account Maintenance
Total
Net
Indirect ExRense
$32,776
$18,259
$26,165
$77,200
$13,892
$7,623
$11,085
$32,599
Direct
Net Indirect
Total ExRense
$46,667
$25,882
$37,250
$109,799
Total
Item Cost
$43.21
Item Cost
Item Cost
$18.03
$61.24
CD Matured
$25.94
$10.82
$36.76
Account Maintenance-Annual
$11.95
$4.99
$16.94
Activity
CD Issued
7 Institutions
Activity
CD Issued
CD Matured
Account Maintenance
Total
Activity
Assets > $150 M
Direct Expense
Net
Indirect ExRense
Total ExRense
$84,304
$46,102
$49,655
$180,062
$37,465
$21,307
$26.424
$85,196
$121 ,770
$67,409
$76,079
$265,258
Direct
Item Cost
Net Indirect
Item Cost
Total
Item Cost
$55.09
CD Issued
$35.88
$19.21
CD Matured
$21.54
$11.53
$33.07
$9.93
$5.31
$15.24
Account Maintenance-Annual
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
182
Certificates of Deposit $100,000 and Over
CERTIFICATES OF DEPOSIT (CDs) $100,000 and Over
This product includes all deposits with formal receipts issued for money deposited greater than $100,000,
payable at a fixed time at a specific rate of interest (excluding IRA CDs, which are included with retirement
accounts). The expenses graphed below are shown before transfer pricing; the second graph includes only
direct expenses.
CDs $100,000 & Over Net Income
(Before Transfer Pricing)
% of volume
-1.00% - - - -
-2 .00% - - - -
-3.00% + - - - -
-4 .00% - - - -
-5.00% - - - -
-6 .00% + - - - -
-7.00% - - - - - - - - - - - - - - - - - - - - - -
CDs $100,000 & Over - Nonlnterest Expense/ Total Expense
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Assets <= $150M
Assets >$150M
183
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
This page left intentionally blank.
184
Certificates of Deposit $100,000 and Over Summary
Dollars
14 Institutions
6 Institutions
Assets up to $150 M
Assets > $150 M
$9,849,935
54
336
$ VOLUME OF CDS $100,000 AND OVER
Average Number of Certificates
CDs $100,000 and Over Total Relative Weights
Credit for Funding (CFF)
-Interest Expense
Net Interest Income
+Nonlnterest Income
Penalty Fees
Other
Total Nonlnterest Income
Net Income Before Nonlnterest Expense
$17,991,254
108
no
$777,756
$553,649
$224,107
$1,352,893
$1,056,454
$296,439
$3,528
$6n
~
~
$3,528
$6n
$227,635
$297,116
-Nonlnterest Expenses
Direct Expenses
Salary
Fringe Benefits
Personnel Expense
$16,008
$4,513
$20,520
$25,686
$7. 131
$32,816
Vendor Data Processing
Furniture & Equipment
Printing, Postage, & Freight
Telephone & Electronic Access
Occupancy
Professional Fees - legal & Other
FDIC Insurance
All Other Direct Expenses
Total Direct Expenses
$1 ,082
$4,172
$2,273
$506
$3,081
$108
$1 ,380
$5,340
$38,462
$561
$4,289
$2,n2
$961
$5,085
$288
$2,099
$4,917
$53,788
Net Indirect Expenses
Charge for Portfolio Operations (CPO)
$15,499
$154,611
$208,571
$29,295
$155,084
$238,167
$19,063
$58,949
($604,082)
($1,138,860)
Total Nonlnterest Expense
Net Income
Memo: Net Income Before CFF and CPO
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
185
Certificates of Deposit $100,000 and Over Summary
Percent of Certificates of Deposit $100,000 and Over $ Volume
14 Institutions
6 Institutions
Assets up to $150 M
Assets > $150 M
$9,849,935
$ VOLUME OF CDS $100,000 AND OVER
$17,991,254
2.28%
7.52%
5.87%
1.65%
0.04%
0.00%
0.04%
0.00%
0.00%
0.00%
2.31%
1.65%
0.16%
0.05%
0.21%
0.14%
0.04%
0.18%
0.01%
0.04%
0.02%
0.01%
0.03%
0.00%
0.01%
0.05%
0.39%
0.00%
0.02%
0.02%
0.01%
0.03%
0.00%
0.01%
0.03%
0.30%
Net Indirect Expenses
Charge for Portfolio Operations (CPO)
0.16%
1.57%
0.16%
0.86%
Total Nonlnterest Expense
2.12%
1.32%
0.19%
0.33%
(6.13%)
(6.33%)
9.17%
53.35%
40.30%
1.26%
61.01%
54.46%
Credit for Funding (CFF)
-Interest Expense
Net Interest Income
7.90%
5.62%
+Nonlnterest Income
Penalty Fees
Other
Total Nonlnterest Income
Net Income Before Nonlnterest Expense
-Nonlnterest Expenses
Direct Expenses
Salary
Fringe Benefits
Personnel Expense
Vendor Data Processing
Furniture & Equipment
Printing, Postage, & Freight
Telephone & Electronic Access
Occupancy
Professional Fees-Legal & Other
FDIC Insurance
All Other Direct Expenses
Total Direct Expenses
Net Income
Memo: Net Income Before CFF and CPO
Pre-Tax Ratios
Nonlnterest Income/Total Direct Expenses
Personnel Expense/Total Direct Expenses
Net Indirect Expense/Total Direct Expenses
Certificates of Deposit $100,000 and Over FTE Personnel
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
0.74
186
1.03
Certificates of Deposit $100,000 and Over Information
$ VOLUME OF CDS $100,000 AND OVER
14 Institutions
6 Institutions
Assets up to $150 M
Assets> $150 M
$9,849,935
Average Number of Certificates
Average CD $ Volume
108
$183,621
$166,329
52
43
0.74
# CDs Issued
# CDs Matured
FTE Personnel
$17,991 ,254
54
114
115
1.03
Productivity Measures
Average Number CDs/FTE Personnel
73
105
CDs lssued/FTE Personnel
71
111
59
$4,776
$659
CDs Matured/FTE Personnel
Nonlnterest lncome/FTE Personnel
Personnel Expense/FTE Personnel
$ Volume/FTE Personnel
112
$27,784
$31,912
$13,336,469
$17,495,547
$646.35
$387.98
$178.77
$443.43
$266.18
$122.65
Item Costs•
CD Issued
CD Matured
Account Maintenance-Annual
* Item Costs include direct and net indirect expenses.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
187
Certificates of Deposit $100,000 and Over - Item Costs
14 Institutions
Assets up to $150 M
Direct Expense
Activity
CDs Issued
CDs Matured
Account Maintenance
Total
Net
Indirect Expense
$20,568
$10,245
$7,748
$4,402
$28,316
$14,647
$7,649
$38,462
$3,349
$15,499
$10,998
$53,961
Direct
Activity
Total Expense
Net Indirect
Total
Item Cost
Item Cost
Item Cost
CDs Issued
$447.35
$199.00
$646.35
CDs Matured
$268.53
$119.45
$387.98
Account Maintenance-Annual
$123.73
$55.04
$178.77
6 Institutions
Activity
CDs Issued
CDs Matured
Account Maintenance
Total
Assets > $150 M
Direct Expense
$26,575
$16,633
$10,580
$53,788
Direct
Activity
Net
Indirect Expense
$14,016
$9,713
$5,566
$29,295
Net Indirect
Total Expense
$40,591
$26,346
$16,146
$83,083
Total
Item Cost
Item Cost
CDs Issued
$283.43
$160.00
$443.43
CDs Matured
$170.13
$96.04
$266.17
$78.39
$44.25
Account Maintenance-Annual
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
188
Item Cost
$122.64
Borrowings & Other Liabilities
BORROWINGS & OTHER LIABILITIES
Borrowings and other liabilities includes accounts payable, capital notes and debentures outstanding ,
promissory notes, bankers' acceptances, due bills, Fed Funds purchased, TT&L open note option account,
loans and securities sold under repurchase agreement, due bills or similar obligations, and overdrafts in
accounts at other institutions. The figures graphed below are shown before transfer pricing .
Borrowings & Other Liabilities Net Income
(Before Transfer Pricing)
% of volume
-1.0 % - - - -
-2 .0% + - - - -
-3 .0% + - - - -
-4.0% + - - - -
-5 .0% + - - - -
-6.0% - - - - - - - - - - - - - - - - - - - - - - - -
Borrowings & Other Liabilities - Nonlnterest Expense/ Total
Expense
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Assets >$150M
Assets<= $150M
189
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
This page left intentionally blank.
190
Borrowings & Other Liabilities Summary
Dollars
$ VOLUME OF OUTSTANDINGS
14 Institutions
7 Institutions
Assets up to $150 M
Assets > $150 M
$2,721,497
Credit for Funding (CFF)
-Interest Expense
Net Interest Income
$18,622,094
$208,770
$117,988
$1,400,820
$90,782
$497,994
$9,788
$2,622
$12,409
$5,854
$981
$6,835
$100
$1 ,076
$711
$902,826
-Nonlnterest Expenses
Direct Expenses
Salary
Fringe Benefits
Personnel Expense
Vendor Data Processing
Furniture & Equipment
Printing, Postage, & Freight
Telephone & Electronic Access
Occupancy
Professional Fees-Legal & Other
All Other Direct Expenses
Total Direct Expense
$16,926
$216
$357
$384
$132
$523
$264
$907
$9,617
Net Indirect Expenses
Charge for Portfolio Operations (CPO)
$7,303
$36,961
$61,189
$5,225
$176,659
$191,502
$29,593
$306,493
($142,216)
($917,669)
$129
$1,027
$44
$1,429
Total Nonlnterest Expense
Net Income
Memo: Net Income Before CFF and CPO
Composition of Borrowings & Other Liabilities
Assets up to $150 M
Assets > $150 M
0%
I m0th Mkt Inst.
I
■
FF Purch.
I
I =0th Liab.
!I 0th Mkt Inst.
I
1
■ FF Purch.
I
I □ 0th Liab.
1
I
I
:
I □ Cap Notes/Deb. !
: o Cap Notes/Deb:
Volume
Volume
Fed Funds Purchased
0th Market Inst. & Borrowings
Other Liabilities
$1,557,408
$715,198
Capital Notes & Debentures
Total
$2,721,497
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
j
I
Fed Funds Purchased
$448,891
0th Market Inst. & Borrowings
Other Liabilities
Capital Notes & Debentures
Total
iQ
191
$126,848
$15,825,144
$2,670,101
iQ
$18,622,094
Borrowings & Other Liabilities Summary
Percent of Borrowings & Other Liabilities $ Volume
$ VOLUME OF OUTSTANDINGS
14 Institutions
7 Institutions
Assets up to $150 M
Assets > $150 M
$2,721,497
Credit for Funding (CFF)
-Interest Expense
Net Interest Income
$18,622,094
7.67%
4.34%
7.52%
4.85%
3.34%
2.67%
0.36%
0.10%
0.46%
0.03%
0.01%
0.04%
0.00%
0.04%
0.00%
0.00%
0.03%
0.00%
0.00%
0.04%
0.00%
0.00%
0.00%
-Nonlnterest Expenses
Direct Expenses
Salary
Fringe Benefits
Personnel Expense
Vendor Data Processing
Furniture & Equipment
Printing, Postage, & Freight
Telephone & Electronic Access
Occupancy
Professional Fees-Legal & Other
All Other Direct Expenses
0.05%
0.00%
0.00%
Total Direct Expense
0.62%
0.05%
Net Indirect Expenses
0.27%
0.03%
Charge for Portfolio Operations (CPO)
1.36%
0.95%
Total Nonlnterest Expens
2.25%
1.03%
1.09%
1.65%
(5.23%)
(4.93%)
Personnel Expense/Total Direct Expenses
73.32%
71.07%
Net Indirect Expenses/Total Direct Expenses
43.15%
54.33%
0.19
0.15
Net Income
Memo: Net Income Before CFF and CPO
Pre-Tax Ratios
Borrowings & Other Liabilities FTE Personnel
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
192
Trust Summary
TRUST SERVICES
Trust services encompass all activities performed for customers involving investments, portfolio analysis, tax
work, and other trust related services, and includes employee benefit trusts, employee benefit agencies,
personal trusts, estates, and all other agencies.
Trust Services - Commission & Fee Income I Account
$2,500
-
$2,000
$1,500
$1,000
-
-
$500
n
$0
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Emp Ben
Trust
Emp Ben
Agney
■ Assets<= $150M
Persnl
Trust
□ Assets
193
Estates
>$150M
All Other
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
This page left intentionally blank.
194
Trust Summary
Dollars
Institutions
5 Institutions
Assets up to $150 M
Assets > $150 M
$ Market Value of Trust Assets
Average Number of Accounts
$0
0
$79,709,281
360
Nonlnterest Income
Commission & Fee Income
$0
$351 ,914
Corporate Trust Income
Other Fiduciary Income (Net of Losses)
Total Income
$0
$2,321
~
$14,728
$0
$368,963
$0
$224,117
$43,253
$267,370
-Nonlnterest Expenses
Direct Expenses
Salary
Fringe Benefits
Personnel Expense
~
$0
Vendor Data Processing
Furniture & Equipment
$0
$37,976
$0
$0
$23,481
Printing, Postage, & Freight
Telephone & Electronic Access
$0
$23,203
$8,338
Occupancy
Professional Fees-Legal & Other
$0
$0
$37,265
$9,472
All Other Direct Expenses
~
$34,135
Total Direct Expense
$0
$441,240
Net Indirect Expenses
~
$0
$258,933
Total Nonlnterest Expense
Trust Losses
$0
$0
Net Income
$0
($331,210)
Memo: Gross Trust lncome-5 Year Average
$0
$160,368
$700,173
Contribution to Trust Total Expenses
Assets > $150 M
Assets up to $150 M
1%
ID Personnel
1
ml Personnel
I
I
■ Other Direct j
■
D Net Indirect
CJ Net Indirect I
1
Other Direct
25%
Volume
Volume
Personnel Expense
Other Direct Expenses
Net Indirect Expenses
Total
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$0
Personnel Expense
$267,370
$0
Other Direct Expenses
$173,870
~
Net Indirect Expenses
$0
Total
$258,933
$700,173
195
Trust Information
Number of Accounts
Employee Benefit Trust
Employee Benefit Agencies
Personal Trusts
Estates
All Other Agencies
Total
Institutions
5 Institutions
Assets u~ to i150 M
Assets > i150 M
0
0
0
0
Q
0
Discretionary Trust Assets (MV)*
Employee Benefit Trust
Employee Benefit Agencies
46
74
140
24
75
360
$0
$6,104,584
$0
$1,010,800
$25,194,593
Personal Trusts
$0
Estates
$0
$3,331,429
All Other Agencies
$14,821,606
Total Discretionary Trust Assets
~
$0
$50,463,011
Non-Discretionary Trust Assets (MV)*
Employee Benefit Trust
$0
$4,608,795
Employee Benefit Agencies
$0
$6,197,627
Personal Trusts
$0
$1,461,649
Estates
$0
$1,200
All Other Agencies
~
$0
$16,976,998
$51,057
Total Non-Discretionary Trust Assets
$29,246,269
Commission & Fee Income
Employee Benefit Trust
$0
Employee Benefit Agencies
$0
$20,180
Personal Trusts
$0
$152,922
Estates
$0
$51,621
All Other Agencies
~
$0
$76,134
Total Commission & Fee Income
$351,914
Mutual Fund Assets (MV)*
Proprietary Mutual Funds
$0
$0
Third Party Money Market Mutual Funds
$0
$400,000
Third Party Mutual Funds
~
$0
$6,000,000
Total Mutual Fund Assets
Mutual Fund Income
Proprietary Mutual Funds
$5,600,000
$0
$0
Third Party Money Market Mutual Funds
$0
$1,846
Third Party Mutual Funds
~
$0
$26,000
0.00
$0
$0
56.70
$54,108
$39,928
0.00
6.93
Total Mutual Fund Income
$24,154
Productivity Measures
Average Number Accounts/FTE Personnel
Nonlnterest lncome/FTE Personnel
Personnel Expense/FTE Personnel
Trust FTE Personnel
*MV=Market Value
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
196
Other Services Summary
OTHER SERVICES
Other customer services encompass all activities performed for customers involving credit card sales draft
acquisitions from merchants, safe deposit box rentals, data processing for customers and other institutions,
travel agency services, non-fiduciary farm management, non-credit life insurance sales, and other
miscellaneous services. The figures graphed below include only direct income and expenses, and the
number of customers includes credit card merchants and rented safe deposit boxes.
Other Services - Net Direct Expense/ Customer
$15......---------------------$10...,_.._ _
$5 -+---$0
+----
Assets <= $1 SOM
-$ 5 - - - - -
-------1
Assets >$1 SOM
----
-$10 - + - - - - - - - - - - - - - - - - - - 4
-$15 - + - - - - - - - - - - - - - - - - - - 4
-$20 - - - - - - - - - - - - - -$25 - 1 - - - - - - - - - - - - - - ~
-$30 t - - - - - - - - - - - - - - - 1 . - - - - - . . J - - -$35 - - - - - - - - - - - - - - - - - - - - - -
Other Services - Percent of Safe Deposit Boxes Rented
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Assets <= $1 SOM
Assets >$150M
197
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
This page left intentionally blank.
198
Other Services Summary
Dollars
7 Institutions
Assets > $150 M
14 Institutions
Assets up to $150 M
Nonlnterest Income
Data Services for Customers
Travel Agency
Insurance
Farm Management
Safe Deposit Box Rental
Merchant Discount
Other Services
Total Nonlnterest Income
$1 ,108
$0
$8,432
$604
$17,720
$10,212
$24,865
$62,941
$3,789
$2,347
$1 ,823
$321
$54,643
$83,443
$379,106
$525,472
Salary
Fringe Benefits
$34,575
$107,675
$8,367
$23,135
Personnel Expense
$42,942
$130,810
-Nonlnterest Expenses
Vendor Data Processing
Furniture & Equipment
$1 ,641
$7,101
$5,896
$12,563
Printing, Postage, & Freight
$3,596
$13,141
Telephone & Electronic Access
Occupancy
$873
$7,209
$18,773
Professional Fees-Legal & Other
Outgoing Interchange
$1,202
$254
$6,725
$46,913
All Other Direct Expenses
Total Direct Expenses
Net Indirect Expenses
$4,521
$14,769
$17,403
$84,853
$251,481
$32,334
$111,085
Total Nonlnterest Expense
$117,187
$362,566
Net Income
($54,246)
$162,906
Composition of Nonlnterest Expenses
Assets > $150 M
Assets up to $150 M
mPersonnel
a Personnel
■
■
Other Direct ,
=Net Indirect
G Net Indirect
33%
36%
Personnel Expense
Other Direct Expenses
Net Indirect Expenses
Total
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Other Direct I
Personnel Expense
Other Direct Expenses
Net Indirect Expenses
Total
$42,942
$41,911
$32,334
$117,187
199
$130,810
$120,671
$111,085
$362,566
Other Services Information
14 Institutions
Assets up to $150 M
Number of Customers
Data Services for Customers
0
0
5
2
869
Travel Agency
Insurance
Farm Management
Other Miscellaneous Services
7 Institutions
Assets > $150 M
2,481
301
0
0
3,620
Merchant Information
Number of Merchant Applications Received
Average Number of Merchants Serviced
Number of Credit Card Sales Drafts Deposited
Annual Credit Card Sales Draft Volume
Average Size Sales Draft
Merchant Discount/Sales Draft Volume
5
24
6,530
$638,312
$97.74
0.77%
Productivity Measures
Total Number of Safe Deposit Boxes Available
Average Number of Safe Deposit Boxes Rented
Average Income per Safe Deposit Box Rented
Number of Offices With Safe Deposit Boxes
1,272
912
$19.50
2
43
98
36,259
$3,569,263
$98.44
1.25%
3,781
2,473
$22.29
5
Productivity Measures
Nonlnterest lncome/FTE Personnel
$217,635
$1,720,126
Personnel Expense/FTE Personnel
$30,916
$35,784
1.36
3.39
Other Services FTE Personnel
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
200
EFT/ ACH Cost Center Summary
ELECTRONIC FUNDS TRANSFER / AUTOMATED CLEARING HOUSE
(EFT / ACH) COST CENTER
FCA participants report their expenses for funds transfer and ACH operations in this cost center. These
expenses, net of any income earned, are then allocated to the products based upon a methodology described
earlier in this booklet. This cost center captures expenses related to electronic banking delivery systems,
other than ATMs. This includes, but is not limited to, electronic funds transfer, wire transfer, automated
clearing house transactions, PC on-line banking transactions, automated phone-banking , debit card
transactions, and all expenses related to their maintenance and support, including expenses charged by
networks, merchants or clearing houses.
EFT/ACH - Net Expense/ Transaction
Assets <= $1 SOM
Assets >$1 SOM
EFT/ACH - Personnel Expense/ Total Expense
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Assets >$150M
Assets<= $150M
201
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
This page left intentionally blank.
202
EFT/ACH Cost Center Summary
Dollars
Nonlnterest Income
Service Charges
Fee Income
Other Income
Total Nonlnterest Income
14 Institutions
6 Institutions
Assets up to $150 M
Assets > $150 M
$767
$539
$145
$4,882
~
$1,305
~
$5,027
$12,339
$3.410
$15,749
$36,736
$9,994
$46,729
$450
$1,269
$698
$122
$3,019
$67
$898
$6,760
$7,464
$2,072
$1,005
$6,518
$219
$7,879
Total Nonlnterest Expense
$22,271
$78,645
Net Income (Expense) to be Distributed to Products•
($20,966)
($73,618)
-Nonlnterest Expenses
Salary
Fringe Benefits
Personnel Expense
Vendor Data Processing
Furniture & Equipment
Printing, Postage, & Freight
Telephone & Electronic Access
Occupancy
Professional Fees-Legal & Other
All Other Direct Expenses
1.57
0.37
FTE Personnel
221,417
Total Number of ACH Transactions
934,957
Distribution of EFT/ACH Cost Center Net Income (Expense)
Percent
Percent
0.00%
0.66%
0.01%
0.19%
0.18%
1.06%
0.00%
1.61%
0.03%
Investments
1-4 Family Mortgages
Construction & Land Development
Commercial & Other Real Estate
Home Equity
Automobile Loans
Student Loans
Other Consumer Loans
Commercial Installment Loans
N/A
Credit Card Loans
Commercial & Industrial Loans
Agricultural Loans
SBA Loans
Other Commercial Loans
Nonlnterest Be:1ring Checking
Interest Bearing Checking
Regular Savings Accounts
MMDA
Retirement Accounts
Other Time Accounts
CDs < $100,000
CDs $100,000 or More
Borrowings & Other Liabilities
Trust Services
Other Services
Total
0.07%
0.05%
0.00%
0.00%
58.04%
34.15%
2.80%
1.10%
0.04%
0.01%
0.00%
0.00%
0.00%
N/A
~
100.00%
*Included in Net Indirect Expense on Product Pages
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
203
0.00%
0.05%
0.00%
0.05%
0.01%
0.11%
0.03%
0.06%
0.00%
N/A
0.00%
0.00%
0.00%
0.00%
61.31%
35.33%
2.61%
0.42%
0.02%
0.00%
0.00%
0.00%
0.00%
N/A
~
100.00%
ATM Cost Center Summary
AUTOMATED TELLER MACHINE (ATM) COST CENTER
FCA participants report their expenses for ATM operations in this cost center. These expenses, net of any
income earned, are then allocated to the products based upon a methodology described earlier in this
booklet. This cost center captures expenses related to ATMs either owned or leased by the reporting
institutions. These include all expenses related to ATM maintenance and support, including expenses
charged by ATM networks.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
A TMs - Net Expense / Transaction
$0.50 . . . - - - - - - - - - - - - - - - - - - - - - $0.40-$0.30 - + - - $0.20-;--$0.10-+--$0.00 + - - -
Assets >$150M
Assets <= $150M
--$0.10 +----------------➔
--$0.20 i " ' - - - - - - - - - - - - - 4 1 . i o a - - - - - - - - --$0.30 ......__ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ __
ATMs - Personnel Expense / Total Expense
Assets >$150M
Assets <= $150M
204
ATM Cost Center Summary
Dollars
Nonlnterest Income
Service Charges
Fee Income
Other Income
Total Nonlnterest Income
14 Institutions
5 Institutions
Assets up to $150 M
Assets > $150 M
$7,544
$7,185
$203,334
$379,245
Ell
~
$582,579
$15,441
-Nonlnterest Expenses
Salary
Fringe Benefits
Personnel Expense
$15,432
$4,397
$19,828
Furniture & Equipment
Printing, Postage, & Freight
Telephone & Electronic Access
Occupancy
Professional Fees-Legal & Other
Network Expense Fees
All Other Direct Expenses
$6,472
$2,165
$450
$4,079
$117
$20,235
$2,979
$48,940
$75,707
$2,453
$22,838
$372
$205,323
$9,204
Total Nonlnterest Expense
$56,326
$436,TT6
Net Income (Expense) to be Distributed to Products*
($40,885)
$145,803
$61,551
$10 388
$71,939
ATM Information
Transaction Volume
Deposits
Withdrawals
Balance Inquiries
Loan Payments
Transfer Between Accounts
Total
Number of Terminals (Owned or Leased)
ATM FTE Personnel
Pre-tax Ratios
Net lncomerrerminal
4,150
36,604
46,316
616,417
6,204
11
59,433
234
840
57,521
7,242
719,929
3
24
0.58
2.58
($12,720)
($0.71)
$6,169
Net lncomeffransaction
Personnel Expenserrerm inal
Personnel Expenserrransaction
T ransactionsrr erm inal
$6,025
$0.20
$2,973
$0.34
$0.10
17,895
29,749
ATM Depositsrrotal Deposits
2.09%
1.97%
ATM Withdrawalsffotal Withdrawals
4.66%
6.33%
0.03%
Loan Payments/Total Payments
$33,936
Personnel Expense/FTE Personnel
35.20%
Personnel Expense/Total Nonlnterest Expense
*Included in Net Indirect Expense on Product Pages
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
205
0.11%
$27,883
16.47%
ATM Cost Center Summary
Distribution of ATM Cost Center Net Income (Expense)
14 Institutions
5 Institutions
Assets up to S150 M
Assets> S150 M
Percent
Percent
Investments
N/A
N/A
1-4 Family Mortgages
0.00%
0.00%
Construction & Land Development
N/A
N/A
Commercial & Other Real Estate
N/A
N/A
Home Equity
0.00%
0.00%
Automobile Loans
0.01%
0.02%
Student Loans
0.00%
0.00%
Other Consumer Loans
0.00%
0.01%
Commercial Installment Loans
Credit Card Loans
0.00%
N/A
N/A
0.00%
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
Nonlnterest Bearing Checking
63.67%
77.43%
Interest Bearing Checking
31.82%
20.25%
Regular Savings Accounts
2.98%
2.04%
MMDA
1.52%
0.24%
Commercial & Industrial Loans
Agricultural Loans
SBA Loans
-
Other Commercial Loans
Retirement Accounts
N/A
N/A
Other Time Accounts
0.00%
0.00%
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
100.00%
100.00%
CDs < $100,000
CDs $100,000 or More
Borrowings & Other Liabilities
Trust Services
Other Services
Total
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
206
Facilities Management Cost Center Summary
FACILITIES MANAGEMENT COST CENTER
FCA participants report their expenses for facilities management operations in this cost center. These
expenses, net of any income earned, are then allocated to the products based upon a methodology described
earlier in this booklet. This cost center captures expenses related to maintaining a facilities management
operation. This includes grounds keeping, janitorial services and security.
Facilities Management - Income/ Total Expense
12% - , - - - - - - - - - - - - - - - - - - - - - - 11 % -+-------<
Assets<= $150M
Assets >$150M
Facilities Management - Personnel Expense / Total Expense
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Assets <= $1 SOM
Assets >$150M
207
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
This page left intentionally blank.
208
Facilities Management Cost Center Summary
Dollars
Nonlnterest Income
14 Institutions
4 Institutions
Assets up to $150 M
Assets > $150 M
$6,669
$3,056
$29,847
$7,869
$37,716
$52,530
$12,878
$65,408
$6,411
$1 ,436
$493
$8,215
$270
$5,955
$10,065
$1,843
$1 ,817
$16,102
$567
$12,602
$60,497
$108,404
($53,827)
($105,349)
-Nonlnterest Expenses
Salary
Fringe Benefits
Personnel Expense
Furniture & Equipment
Printing, Postage, & Freight
Telephone & Electronic Access
Occupancy
Professional Fees-Legal & Other
All Other Direct Expenses
Total Nonlnterest Expense
Net Income (Expense) to be Distributed to Products*
Facilities Management FTE Personnel
1.11
1.93
Distribution of Facilities Management Cost Center Net Income (Expense)*
Investments
1-4 Family Mortgages
Construction & Land Development
Commercial & Other Real Estate
Home Equity
Automobile Loans
Student Loans
Other Consumer Loans
Commercial Installment Loans
Credit Card Loans
Commercial & Industrial Loans
Agricultural Loans
SBA Loans
Other Commercial Loans
Nonlnterest Bearing Checking
Interest Bearing Checking
Regular Savings Accounts
MMDA
Retirement Accounts
Other Time Accounts
CDs< $100,000
CDs $100,000 or More
Borrowings & Other Liabilities
Trust Services
Other Services
Total
"Included in Net Indirect Expense on Product Pages
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
209
Percent
Percent
2.61%
12.11%
2.65%
2.74%
0.95%
8.18%
0.10%
3.08%
1.32%
1.54%
6.08%
4.48%
0.08%
2.91%
15.76%
7.84%
6.82%
3.20%
2.41%
0.08%
5.17%
2.62%
1.17%
1.08%
5.01%
100.00%
1.26%
7.03%
0.62%
2.15%
2.35%
3.10%
0.03%
5.89%
0.11%
0.95%
4.43%
0.62%
0.44%
2.43%
25.38%
11 .19%
4.63%
4.00%
2.17%
0.01%
3.85%
0.81%
0.13%
9.37%
7.05%
100.00%
Human Resources Cost Center Summary
HUMAN RESOURCES COST CENTER
FCA participants report their expenses for human resources operations in this cost center. These expenses,
net of any income earned, are then allocated to the products based upon a methodology described earlier
in this booklet. This cost center captures expenses related to Human Resources (or Personnel) activities,
such as recruiting, hiring , terminations, training, education , and maintenance of payroll and benefits
databases.
Human Resources - Training Expense/ Total Expense
Assets <= $1 SOM
Assets >$1 SOM
Human Resources - Personnel Expense/ Total Expense
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Assets <= $150M
Assets >$150M
210
Human Resources Cost Center Summary
Dollars
14 Institutions
6 Institutions
Assets up to $150 M
Assets > $150 M
$0
$0
Salary
Fringe Benefits
Personnel Expense
$32,310
$8,128
$40,438
$58,263
$14,029
$72,292
Vendor Data Processing
Furniture & Equipment
Printing, Postage, & Freight
Telephone & Electronic Access
Occupancy
Professional Fees-Legal & Other
Education & Training
$1,368
$2,189
$1,298
$443
$2,734
$2,312
$18,662
$4,165
$1,152
$5,404
$2,378
$1 ,315
$7,451
$5,117
$37,849
$8,259
$73,608
$141,216
($73,608)
($141,216)
Nonlnterest Income
-Nonlnterest Expenses
All Other Direct Expenses
Total Nonlnterest Expense
Net Income (Expense) to be Distributed to Products*
0.75
Human Resources FTE Personnel
1.71
Distribution of Human Resources Cost Center Net Income (Expense)*
Investments
1-4 Family Mortgages
Construction & Land Development
Commercial & Other Real Estate
Home Equity
Automobile Loans
Student Loans
Other Consumer Loans
Commercial Installment Loans
Credit Card Loans
Commercial & Industrial Loans
Agricultural Loans
SBA Loans
Other Commercial Loans
Nonlnterest Bearing Checking
Interest Bearing Checking
Regular Savings Accounts
MMDA
Retirement Accounts
Other Time Accounts
CDs< $100,000
CDs $100,000 or More
Borrowings & Other Liabilities
Trust Services
Other Services
Total
*Included in Net Indirect Expense on Product Pages
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
211
Percent
Percent
1.35%
10.90%
1.97%
2.51%
0.96%
8.00%
0.10%
4.22%
1.14%
1.08%
5.14%
5.27%
0.22%
1.96%
18.10%
8.92%
7.63%
4.74%
2.15%
0.35%
4.64%
2.38%
0.66%
0.38%
5.20%
100.00%
1.17%
11.58%
0.97%
1.92%
1.68%
5.39%
0.17%
4.98%
0.14%
0.76%
5.32%
3.54%
0.46%
0.51%
23.49%
12.41%
4.36%
4.78%
2.10%
0.00%
3.63%
1.12%
0.11%
5.95%
3.48%
100.00%
Proof & Transit Cost Center Summary
PROOF & TRANSIT COST CENTER
FCA participants report their expenses for check processing and balancing operations in this cost center.
These expenses, net of any income earned , are then allocated to the products based upon a methodology
described earlier in this booklet. Th is cost center captures expenses related to check processing, including
encoding, sorting , receiving and sending cash letters, balancing and adjustments.
Proof & Transit - Furniture & Equipment Expense/ Total
Expense
Assets <= $150M
Assets >$150M
Proof & Transit - Personnel Expense I Total Expense
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Assets<= $150M
Assets >$1 S0M
212
Proof & Transit Cost Center Summary
Dollars
Nonlnterest Income
-Nonlnterest Expenses
Salary
Fringe Benefits
Personnel Expense
Vendor Data Processing
Furniture & Equipment
Printing, Postage, & Freight
Telephone & Electronic Access
Occupancy
Professional Fees-Legal & Other
All Other Direct Expenses
Total Nonlnterest Expense
Net Income (Expense) tp be Distributed to Products*
Proof and Transit FTE Personnel
14 Institutions
6 Institutions
Assets u~ to 1150 M
Assets> 1150 M
$0
$0
$27,993
$7,855
$35,848
$81,880
$25,065
$106,944
$3,949
$4,859
$3,195
$413
$3,335
$1,173
$1,005
$8,127
$36,056
$19,662
$2,275
$10,941
$1,019
$15,938
$53,7TT
$200,961
($53,7TT)
($200,961)
1.44
4.55
Distribution of Proof & Transit Cost Center Net Income (Expense)*
Investments
1-4 Family Mortgages
Construction & Land Development
Commercial & Other Real Estate
Home Equity
Automobile Loans
Student Loans
Other Consumer Loans
Commercial Installment Loans
Credit Card Loans
Commercial & Industrial Loans
Agricultural Loans
SBA Loans
Other Commercial Loans
Nonlnterest Bearing Checking
Interest Bearing Checking
Regular Savings Accounts
MMDA
Retirement Accounts
Other Time Accounts
CDs < $100,000
CDs $100,000 or More
Borrowings & Other Liabilities
Trust Services
Other Services
Total
Percent
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.01%
0.27%
0.02%
0.01%
0.00%
0.12%
0.00%
0.12%
0.00%
0.15%
0.01%
0.01%
0.00%
64.48%
69.29%
22.35%
6.39%
1.16%
0.05%
0.00%
0.01%
0.00%
0.00%
0.00%
0.00%
100.00%
27.99%
5.98%
1.50%
0.05%
0.01%
0.00%
0.00%
0.00%
0.00%
0.00%
100.00%
*Included in Net Indirect Expense on Product Pages
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Percent
213
0.01%
Data Processing Cost Center Summary
DATA PROCESSING COST CENTER
FCA participants report their expenses for internal data processing operations in this cost center. These
expenses, net of any income earned, are then allocated to the products based upon a methodology described
earlier in this booklet. This cost center captures expenses related to the maintenance and support of
software, operating systems, PCs, printers, mainframes, LANs, and all other data processing equipment and
activities, such as programming, system design, and computer operations.
Data Processing - Vendor DP Expense / Total Expense
Assets <= $1 SOM
Assets >$1 SOM
Data Processing - Personnel Expense/ Total Expense
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Assets<= $150M
Assets >$150M
214
Data Processing Cost Center Summary
Dollars
Nonlnterest Income
14 Institutions
7 Institutions
Assets UQ to i150 M
Assets > i150 M
$0
$0
Salary
Fringe Benefits
Personnel Expense
$36,425
$8,867
$45,292
$58,388
$13,190
$71,578
Vendor Data Processing
$6,907
$41 ,255
$1 ,030
$629
$9,740
$364
$600
$38,702
$106,085
$4,124
$4,357
$5,164
$2,961
$17,858
$105,818
$250,828
($105,818)
($250,828)
-Nonlnterest Expenses
Furniture & Equipment
Printing, Postage, & Freight
Telephone & Electronic Access
Occupancy
Professional Fees-Legal & Other
All Other Direct Expenses
Total Nonlnterest Expense
Net Income (Expense) to be Distributed to Products*
Data Processing FTE Personnel
1.38
1.95
Distribution of Data Processing Cost Center Net Income (Expense)*
Investments
1-4 Family Mortgages
Construction & Land Development
Commercial & Other Real Estate
Home Equity
Automobile Loans
Student Loans
Other Consumer Loans
Commercial Installment Loans
Credit Card Loans
Commercial & Industrial Loans
Agricultural Loans
SBA Loans
Other Commercial Loans
Nonlnterest Bearing Checking
Interest Bearing Checking
Regular Savings Accounts
MMDA
Retirement Accounts
Other Time Accounts
CDs< $100,000
CDs $100,000 or More
Borrowings & Other Liabilities
Trust Services
Other Services
Total
"Included in Net Indirect Expense on Product Pages
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
215
Percent
Percent
2.TT%
12.82%
1.62%
3.42%
0.46%
6.52%
0.14%
3.34%
2.16%
2.22%
6.63%
5.57%
0.06%
2.11%
10.84%
11.69%
6.71%
3.28%
2.02%
0.70%
5.48%
2.23%
1.43%
0.99%
4.75%
100.00%
1.48%
8.61%
0.76%
1.88%
1.75%
4.42%
0.05%
5.40%
0.03%
1.35%
6.05%
5.11%
0.61%
0.98%
20.03%
10.03%
5.15%
4.00%
2.54%
0.00%
4.34%
1.28%
0.31%
8.89%
4.92%
100.00%
General & Administrative Cost Center Summary
GENERAL & ADMINISTRATIVE COST CENTER
FCA participants report their expenses for general and administrative overhead operations in this cost center.
These expenses, net of any income earned, are then allocated to the products based upon a methodology
described earlier in this booklet. This cost center captures expenses related reserves, surplus, undivided
profits, stock, accounting, bookkeeping, legal staff, marketing for the institution as a whole (as opposed to
promotions for specific products), auditing, directors' meetings, and similar activities that serve a general,
administrative purpose for the benefit of the entire institution.
General & Administrative - Income I Total Expense
5.00% - - - - - - - - - - - - - - - - - - - - - - - -
4.00%
+-----------------------
3.00%
+-----------------------
2.00% - - - - - - - - - - - - - - - - - - - - - - - -
1.00% - - - - - - - - - - - - - - - - - - - - - - - -
0.00%
-!.-------------~-_____LI_ _ _ ___J_I_~
Assets <= $1 SOM
Assets >$1 SOM
General & Administrative - Personnel Expense/ Total
Expense
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Assets <= $1 SOM
Assets >$150M
216
General & Administrative Cost Center Summary
Dollars
Nonlnterest Income
14 Institutions
6 Institutions
Assets up to $150 M
Assets> $150 M
$485
$6,724
$188,416
$45,687
$234, 103
$631 ,518
$104,749
$736,267
$7,150
$7,280
$2,641
$22,595
$15,669
$38,988
$39,466
$59,371
$89,081
$60,522
$16,394
$106,956
$47,183
$68,821
$60,220
$180,032
$427,263
$1,365,475
($426,778)
($1,358,751)
-Nonlnterest Expenses
Salary
Fringe Benefits
Personnel Expense
Furniture & Equipment
Printing, Postage, & Freight
Telephone & Electronic Access
Occupancy
Professional Fees-Legal & Other
Directors Fees
External Exams & Audits
All Other Direct Expenses
Total Nonlnterest Expense
Net Income (Expense) to be Distributed to Products*
General & Administrative FTE Personnel
Nonlnterest Expense/Total Assets
5.14
14.83
0.50%
0.58%
Distribution of General & Administrative Cost Center Net Income (Expense)*
Investments
1-4 Family Mortgages
Construction & Land Development
Commercial & Other Real Estate
Home Equity
Automobile Loans
Student Loans
Other Consumer Loans
Commercial Installment Loans
Credit Card Loans
Commercial & Industrial Loans
Agricultural Loans
SBA Loans
Other Commercial Loans
Nonlnterest Bearing Checking
Interest Bearing Checking
Regular Savings Accounts
MMDA
Retirement Accounts
Other Time Accounts
CDs < $100,000
CDs $100,000 or More
Borrowings & Other Liabilities
Trust Services
Other Services
Total
*Included in Net Indirect Expense on Product Pages
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
217
Percent
Percent
2.28%
12.90%
2.58%
2.84%
1.20%
8.66%
0.07%
3.65%
1.00%
2.09%
7.53%
5.78%
0.16%
2.78%
13.05%
7.83%
6.17%
3.31%
1.95%
0.22%
4.83%
2.34%
1.09%
0.81%
4.87%
100.00%
2.03%
10.43%
0.74%
2.04%
1.57%
3.61%
0.30%
7.76%
0.14%
0.85%
8.44%
0.57%
0.35%
1.62%
24.29%
11 .75%
3.98%
2.78%
1.51%
0.01%
3.75%
0.48%
0.21%
6.35%
4.45%
100.00%
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
This page left intentionally blank.
218
1997 PARTICIPATING BANKS & THRIFTS IN THE CENTRAL STATES
WITH PRODUCT COMPARISONS
STATE
INSTITUTION NAME
CITY
FIRST NATIONAL BANK SHARP CO.
ASH FLAT
AR
FIRST NATIONAL BANK OF HOPE
HOPE
AR
NORTHWEST BANK & TRUST COMPANY
DAVENPORT
IA
SECURITY BANK & TRUST COMPANY
DECORAH
IA
FIRST CITIZENS NATIONAL BANK
MASON CITY
IA
CLARKE COUNTY STATE BANK
OSCEOLA
IA
FIRST NATIONAL BANK ARENZVILLE
ARENZVILLE
IL
FIRST MIDWEST BANK, NA
ITASCA
IL
STATE BANK OF ORION
ORION
IL
MURPHY WALL STATE BANK
PINCKNEYVILLE
IL
BANK OF PONTIAC
PONTIAC
IL
FORT WAYNE NATIONAL BANK
FORT WAYNE
IN
SAND RIDGE BANK
SCHERERVILLE
IN
FIRST NATIONAL BANK, VALPARAIS
VALPARAISO
IN
LAKE CITY BANK
WARSAW
IN
MULVANE STATE BANK
MULVANE
KS
FARMERS STATE BANK
SABETHA
KS
CAPITOL FEDERAL SAVINGS
TOPEKA
KS
FINS
DETROIT
Ml
MICHIGAN NATIONAL BANK
FARMINGTON HILL
Ml
WESTERN NATIONAL BANK
DULUTH
MN
FIRST NATIONAL BANK OF OXFORD
OXFORD
MS
FIRST NATIONAL BANK IN ALTUS
ALTUS
OK
AMERICAN STATE BANK
PIERRE
SD
FIRST NATIONAL BANK OF EAGLE R
EAGLE RIVER
WI
UNION BANK & TRUST COMPANY
FIRST NATIONAL BANK OF POWELL
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
·EVANSVILLE
POWELL
WI
WY
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
I/IfllilmlfliHl/ls
3 7401 00013 2404