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Federal Reserve Bank of St. Louis

1997 Commercial Banks
Product-Line Comparisons

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URCTtONAl COST AND PROFIT ANALYSIS

199 7
Commercial Bank
CENTRAL STATES
REGIONAL AVERAGE REPORT

Product-Line 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, Colorado,
Iowa, Illinois, Indiana, Kansas, Kentucky, Louisiana, Michigan, Minnesota, Missouri, North Dakota,
Nebraska, Oklahoma, Texas, Wisconsin and Wyoming.
•


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Central States Regional Average Report, Product-Line Analysis
Commercial Banks, Savings Banks, and Savings and Loan Associations

TABLE OF CONTENTS
INTRODUCTION .......................................................................................................... i
DEFINITIONS OF TERMS ............................................................................................. ii
TRANSFER PRICING ................................................................................................. iii
ALLOCATION OF NON-INTEREST EXPENSES ................................................................ V
REPORT ORGANIZATION .... ........ .. ................................. ....... .......... .... .... ........... ........ VI

OVERVIEW

Key Performance Indicators ................................................................................... 1
Interest Rates ...... ........... .... .......... ... .... .... .............. ... ................... ................... ........ 2
Summary Balance Sheet ........................................................................................ 3
Income Summary and Composition .... ............ ...... ....... .. ....... ... .... ... .. ............ ........ .4
Expense Summary ..... .... ......... ......................................... ..... ... ......... ....... .............. 6
Income and Expense Summary ................ ....................... ............. ....... .................. 8

LOANS AND INVESTMENTS

Investments .................. ........ ...... .................................. .. .................. ... ........ .... ..... 14
Real Estate Loans ................................................................................................ 17
Installment Loans ..... ..... .... .... ......... ... ............ .......... ... ............ ..... .. .... ........ .. .......... 23
Commercial Loans ... ... .. ... .. .. ..... ... ................................ ....... .... .............................. 29

DEPOSITS AND OTHER LIABILITIES

Demand Deposits .................................................................................................35
Savings Deposits ........ .. .......... .. ............. ... ... ................ ............................ ............. 43
Time Deposits .......................................................................................................50
Borrowings and Other Liabilities .......... ... .. .. .... ... .... ........... .. ..... ...... ...... ... .... ..... ..... 55

OTHER FUNCTIONS

Trust Services .......................................................................................................59
Other Services ......................................................................................................63

GENERAL COST CENTER

General Cost Center lnformation .......................................................................... 67
Distribution of General Cost Center Net Expense .. .. ............................................ 69

LIST OF PARTICIPATING INSTITUTIONS ......................................................... Appendix


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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-line data, which
is why this report is subtitled Product-Line
Comparisons.
The companion booklet,
Commercial Bank Central States Regional
Average Report, Product Comparisons, presents
a more exact examination of banking costs,
income, and direct and indirect expenses. That
information was supplied by banks and thrifts
providing detailed, product-level data.

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
ex·act 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.

Prior to the development of FCA, there was no
simplified, uniform system of cost accounting for
financial institutions that would require only
modest 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.


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•

For overall performance, group averages of
banks and thrifts with similar dollar volumes of
earning assets; and

•

For product-line comparisons, group averages
of banks and thrifts with similar product-line
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
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.

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.

Earning Assets
Earning assets include the total dollar volume of
outstandings in the following asset product lines:
Investments, Real Estate Loans, Installment
Loans and Commercial Loans.

Item Costs
The product-line sections of this report present the
calculation of the costs of various activities
involved in maintaining loan and deposit product
lines. Each activity is assigned a weight which is
used to derive the costs associated with that
activity. The weight is a measure of the relative
time and resources used to complete the activity.
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 line.

Direct Costs
Direct Costs are directly attributable to the
operation of, and activities in, a product line. For
example, the direct costs of a non-electronic
deposit to a demand deposit account would
include the teller's time it takes to process the
deposit.

Relative weights are then used as the basis for
distributing expenses across activities for a given
product line.
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.

Indirect Costs
Indirect Costs are not directly related to a product
line or task, but are incurred in support of a
product line or activity. For example, the salaries
of the personnel hired to manage the bank
facilities would be an indirect expense applicable
to all product lines within the institution. Within the
FCA Product-Line Analysis, the net indirect costs
are recorded and presented under the General
Cost Center.


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Please note that the values of the weights are
disclosed only to FCA participants.

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.

- ii -

TRANSFER PRICING
expense for all of the liability product lines by the
total dollar volume of liabilities and equity. This
rate is charged on the dollar volume outstanding
for each asset product line.

Funds Transfer Pricing (Interest)
FCA applies funds transfer pricing to all of the
balance sheet product lines in order to provide
each one with a profitability analysis.
This
analysis involves the transfer of the interest
expenses of the funding product lines to the
assets that utilized the funds. Similarly, the
allocation of the interest income of the assets is
credited back to the funding product lines.

In this way, the interest expense paid by the
liabilities is charged to the asset product lines prorata, based upon the dollar volume of liabilities
used by each asset product line.

FCA utilizes a dual pool-of-funds approach to
product-line funds transfer pricing. This approach
aggregates all funds provided for loans and
investments into one pool in order to determine an
average rate of interest expense for an entire
institution. Similarly, all loans and investments are
collected into a separate pool to determine an
average rate of interest income for an entire
institution.

Credit for Funds (CFF)
Liability products incur expenses but receive
relatively little revenue. FCA's analysis assumes
that the liability product lines should receive credit
for the funds that they collect, because their real
value is in funding the asset product lines.
Essentially, the CFF is a funds transfer price credit
applied to the liability product lines for supplying
funds to the asset product lines.

These rates are then used to appropriately charge
each asset product line for the interest expense of
the funds it utilized (Cost of Funds, or COF) and
credit each funding product line for the interest
income generated by the assets it funded (Credit
for Funds, or CFF) .

The CFF rate is calculated by dividing the total
interest income generated by the asset product
lines into the total asset dollar volume. This rate
is then applied to the dollar volume outstanding for
each liability product line. In this way, each
liability product line receives credit on a pro-rata
basis, based upon the dollar volume provided to
the asset product lines.

Transfer Pricing (Non-interest)
Another element of the FCA product-line
profitability analysis is a charge for the noninterest expenses (net of fee income) of the
product lines from the opposing side of the
balance sheet. Specifically, assets are charged
not only the COF, but also the non-interest
expenses (less fee income) incurred in obtaining
those funds (Charge for Funding Operations, or
CFO).

Charge for Funding Operations (CFO)
The CFO is the transfer price levied on the asset
product lines 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 line.

Similarly, funding product lines 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 line's profitability
that incorporates all income earned and all costs
incurred by the institution.

In this way, the net non-interest expense of the
liabilities operations is charged to the asset
product lines pro-rata, based upon the dollar
volume of liabilities used by the asset product
lines.
Charge for Portfolio Operations (CPO)
The CPO is the transfer price levied on the liability
product lines 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

Cost of Funds (COF)
The COF is a funds transfer pricing charge levied
on the asset product lines for their use of funds
supplied by the liability product lines. The COF
rate is calculated by dividing the total interest


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- iii -

rate is applied to the dollar volume outstanding for
each liability product line.

Although other methodologies can be used, FCA
applies a dual pool-of-funds approach because it
avoids some of the controversies that can arise
from using more complex means of transferring
income and expenses to product areas. Often the
simpler approach to transfer pricing allows for the
greatest amount of agreement and cooperation
between asset and liability product managers; an
important goal in management accounting. By
providing two transfer rates, FCA avoids the
political problem of favoring either funds providers
or funds users. Additionally, this approach is
flexible since users can substitute other market
rates for the derived average rates for the COF
and CFF, and can also modify the CFO and CPO:

In this way, the net non-interest expense of the
asset operations is charged to the liability product
lines pro-rata, based upon the dollar volume
provided to the asset product lines.

Thoughts on Transfer Pricing
Please note that FCA's product-line transfer
pricing methodology provides two distinct views of
an institution's profitability . These two views can
be described as an asset product-line perspective
and a liability product-line perspective. FCA's
transfer pricing involves allocating the income and
expenses of the liability product lines across the
asset product lines. This allocation results in an
asset-side view of the institution's overall
profitability. Similarly, FCA also allocates the
income and expense of the asset product lines
across the liability product lines, providing a
liability-side perspective of the institution's
profitability. As a result, the total profit of the
liability product lines will equal the total profit of
the asset product lines.


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Overall, this technique will furnish a better
recognition of market reality and give
management a tool that it can use as a motivator
toward a desired product-pricing behavior.
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-line income
statements shows the actual profitability of the
product line without the transfer charges.

- iv -

ALLOCATION OF NON-INTEREST EXPENSES
Participants are advised to be as precise as possible when allocating wages, salaries and staff. 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 Category
Fringe Benefits:

Allocation Method
Allocated based on the percentage of total salary expense the institution
allocated to each product line, including the General Cost Center.

Vendor Data Processing:

Allocated to product lines with processing performed by a vendor, based
on cost drivers developed from the data of recent participants.

Furniture & Equipment:

Allocated based on the percentage of total FTE the institution allocated
to each product line, excluding the General Cost Center.

Printing, Postage & Freight:

Allocated based on the percentage of total FTE the institution allocated
to each product line, excluding the General Cost Center.

Telephone & Electronic Access:

Allocated based on the percentage of total FTE the institution allocated
to each product line, excluding the General Cost Center.

Occupancy:

Allocated based on the percentage of total FTE the institution allocated
to each product line, excluding the General Cost Center.

Professional Fees:

100% is allocated to the General Cost Center, to be distributed to the
product lines with the rest of the General Cost Center expenses.

Credit Reports:

Allocated to the loan product lines based on the percentage of total
applications that the institution allocated to that loan type.

Appraisal Fees:

100% is allocated to Real Estate Loans.

Return Item Charges:

100% is allocated to Demand Deposits & Other Transaction Accounts
(DOA).

FDIC Insurance:

Allocated to ODA, Savings, and Time Deposits based on the percentage
of outstanding dollar volume reported on the balance sheet for these
product lines.

All Other Expenses:

Allocated based on the percentage of total FTE the institution allocated
to each product line, excluding the General Cost Center.

General Cost Center:

Allocated based on the percentage of total FTE the institution allocated
to each product line, excluding the General Cost Center.


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- V-

REPORT ORGANIZATION
OVERVIEW

PRODUCT-LINE ANALYSES

Pages 1 through 8 present an Overview of the
institutions' overall profitability.
This section
includes analyses of key-performance indicators,
interest rates, the balance sheet, income, and
expenses.

Pages 9 through 44 present product-line 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 the General Cost
Center.

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.

Income Statements
Each of the product-line analyses are presented in
the form of two income statements, one in dollar
amounts and the other as percentages of productline 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 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 line, the net indirect expenses
are shown following the total direct expenses.
FCA's product-line analysis collects the
participants' overhead expenses (less any
income) in the General Cost Center, and allocates
these indirect expenses to the product lines based
on the methodology listed 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 loans 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 product lines, 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 product lines.

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 .

The report also presents 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. This is useful information when
assessing the broad funding structure of an
institution.


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- vi -

KEY PERFORMANCE INDICATORS

PRE-TAX RATIOS

70 Institutions

22 Institutions

Assets up to $150 M

Assets > $150 M

PROFITABILITY

Net Income/Total Assets
Net Income/Equity Capital
Equity Capital/Total Assets
Net Interest Margin
Net Nonlnterest Margin
DOA Fees/ODA Nonlnterest Expense
Nonlnterest Expense/Nonlnterest Income
Nonlnterest Income/Net Income
Net Loan Losses/Total Loans
Nonlnterest Expense/Total Expense

1.69%
16.35%
10.32%
4.21%
(2.41%)
44.52%
318.95%
56.02%
0.16%
46.03%

1.36%
14.21%
9.56%
4.00%
(1.91%)
35.86%
300.40%
65.08%
0.29%
41.30%

79.75%
$37,224
53.82%
0.45

82.88%
$33,842
53.65%
0.40

70.41%
107.49%

65.14%
112.82%

33.78

168.75

PRODUCTIVITY

Total Expense/Total Income
Net lncome/FTE Personnel
Salary & Fringe Benefits/Nonlnterest Expense
Average FTE Personnel/ Million $ in Assets

FUNDING

Loans/Deposits
Investments & Loans/Deposits

FTE Personnel
Number of Limited Service Offices

4

Number of Full Service Offices

2

5

Number of ATMs

3

10

Balance Sheet Items are Yearly Averages.
Equity Capital includes Loan Loss Reserves.


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INTEREST RATES

70 Institutions

22 Institutions

Assets up to $150 M

Assets > $150 M

Assets
Investments

6.09%

Real Estate Loans

8.67%

8.50%

Installment Loans

9.79%

9.38%

Commercial Loans

9.57%

8.95%

6.00%

Average Interest Rates
Assets

10
8
1/)

6

cc

4

sal

mAssets up to $150 M I
■ Assets>

$150 M

2
0

Investments

Real Estate

Installment

Commercial

Liabilities

70 Institutions

22 Institutions

Assets up to $150 M

Assets > $150 M

Demand Deposits
Savings Deposits
Time Deposits
Borrowings

1.46%
3.24%
5.46%
5.44%

1.42%
3.32%
5.82%
6.02%

Average Interest Rates
Liabilities

7
6
5
1/)

sal

4

i II Assets up to $150 Mi

I ■ Assets> $150 M

a: 3
2

1
0
Demand


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Savings

Time

Borrowings

2

/

Balance Sheet Composition

Composition of Assets
70 Institutions

22 Institutions

Assets up to $150 M

Assets > $150 M
7% 3%

8% 4%

o Cash & Due From

o Cash & Due From
■

31%
32% (

1

\

39%

E Commercial
■

22%

■

Investments

Investments

Ill Commercial
■ Other

Other Assets

o Real Estate
mInstallment

17%

1

Assets

o Real Estate
mInstallment

Composition of Liabilities & Capital

10%


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70 Institutions

22 Institutions

Assets up to $150 M

Assets> $150 M

II ODA & 0th Trans

□

Savings Deposits

■ Time

El DOA & 0th Trans

I

=i Savings Deposits

Deposits

■ Time

D Borrowings &
Other
■ Equity Capital

□

Deposits

Borrowings &
Other
■ Equity Capital

3

I

Income Summary Information

70 Institutions

22 Institutions

Assets up to $150 M

Assets > $150 M

Nonlnterest Income/Total Income

11.35%

11.14%

Interest Income/Total Income

89.13%

87.90%

Deposit Service Charge lncome/Nonlnterest Income

19.54%

13.27%

7.99%

8.24%

46.03%

41.30%

Pre-Tax Ratios

General Cost Center lncome/Nonlnterest Income
Nonlnterest Expense/(lnterest Expense+ Nonlnterest Expense)

Contribution to Total Income

35%
30%
25%
20%

' II Assets up to

$150M

15%-

■ Assets>

10%
5%
0%
Invest.

Real
Estate


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Install.

Comm'I

Deposits

4

Trust

0th
Services

Cost
Center

$150 M

Composition of Income
Composition of Interest Income
70 Institutions

22 Institutions

Assets up to $150 M

Assets > $150 M

I rm In-vest.

r;i Invest.

I ■ Real Estate :

■

I □ Installment i

D Installment I
D Comm'I

l o comm'I

I

36%

Real Estate

1

35%

70 Institutions
Assets up to $150 M

Assets > $150 M

22 Institutions

26.00%
36.91%
10.12%
27.76%
100.00%

34.59%
35.28%
9.44%
22.12%
100.00%

Interest Income

Investments
Real Estate Loans
Installment Loans
Commercial Loans
Total
Composition of Nonlnterest Income
70 Institutions

22 Institutions
Assets > $150 M

Assets up to $150 M

7%

7%

1

7%

111 Invest.

9%
II Invest.

: ■ RE

' ■ RE
1

□

Install.

□ Install.

1 □ Comm'I
I
I

□ Comm'I

■ Deposits

I ■ Deposits
I

El Trust

40%

■

0th Services

□

Cost Center

1

I

34%

II Trust
■ 0th Services '
□ Cost Center

Nonlnterest Income

Investments
Real Estate Loans
Installment Loans
Commercial Loans
Deposits
Trust
Other Services
General Cost Center
Total


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8.14%
13.27%
5.39%
6.64%
44.60%
14.46%
13.20%
7.99%
100.00%

5

9.99%
9.98%
3.25%
7.57%
35.52%
19.89%
13.97%
8.24%
100.00%

I

Expense Summary

Interest Expense

Demand Deposits
Savings Deposits
Time Deposits
Borrowings & Other Liabilities
Total

70 Institutions

22 Institutions

Assets up to $150 M

Assets > $150 M

9.27%
16.93%
69.15%
5.61%
100.00%

6.84%
16.68%
65.00%
12.03%
100.00%

Nonlnterest Expense

Salary
Fringe Benefits
Personnel Expense

Vendor Data Processing
Furniture and Equipment
Printing, Postage & Freight
Telephone & Electronic Access
Occupancy
Professional Fees - Legal & Other
Credit Reports
Appraisal Fees
General Cost Center
FDIC Insurance
All Other Expenses
Total

42.74%
11.08%
53.82%

42.24%
11.41%
53.65%

5.07%
7.46%
4.51%
1.19%
7.38%
2.58%
0.21%
0.35%
6.70%
0.58%
11.56%
100.00%

4.00%
7.29%
3.85%
1.27%
7.90%
2.34%
0.24%
0.72%
4.34%
0.64%
15.67%
100.00%

1.51%

2.38%

Losses

Net Current Loan Losses/Total Expense


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

6

Expense Summary Information

Composition of Interest Expense
22 Institutions
Assets > $150 M

70 Institutions
Assets up to $150 M
6%

9%

7%

12%

E DDA

B ODA

■ Savings

■ Savings

□ Time

□ Time

□

□

Borrowings

Borrowings 1

/
68% " ~

70 Institutions

22 Institutions

Assets up to $150 M

Assets > $150 M

9.27%
16.93%
69.15%
5.61%
100.00%

6.84%
16.68%
65.00%
12.03%
100.00%

Interest Expense
ODA & 0th. Transaction Accts.
Savings Deposits
Time Deposits
Borrowings & Other Liabilities
Total
Composition of Nonlnterest Expense
70 Institutions

22 Institutions

Assets up to $150 M

Assets > $150 M

1

1111

8%

Invest.

1%

i ■ RE
! C lnstall.

■ Deposits

l ■ RE

\ 10%

\

I

I

■ Trust

■ Deposits

■ Trust

Serv

□ 0th

Nonlnterest Expense
Investments
Real Estate Loans
Installment Loans
Commercial Loans
Deposits
Borrowings & Other Liabilities
Trust
Other Services
Total


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

□ Install.

II □ Comm'I
El Borrowings

II Borrowings I
' □ 0th

I Ill Invest
I

□ Comm'I

7

I
I

70 Institutions

22 Institutions

Assets up to $150 M

Assets > $150 M

2.37%
12.80%
10.1 4%
15.50%
44.85%
1.27%
6.54%
6.54%
100.00%

1.15%
13.71%
10.26%
9.91%
48.06%
0.66%
7.98%
8.27%
100.00%

Serv

Income and Expense Summary
Percent of Product Line Volume

Interest Income

Investments
Real Estate Loans
Installment Loans
Commercial Loans

70 Institutions

22 Institutions

Assets up to $150 M

Assets > $150 M

5.99%
8.52%
9.61%
9.47%

6.21%
8.22%
9.40%
8.97%

1.35%
3.34%
5.53%
8.35%

1.40%
3.02%
5.69%
6.10%

Interest Expense

Demand Deposits
Savings Deposits
Time Deposits
Borrowings & Other Liabilities

Nonlnterest Income

. Investments
Real Estate Loans
Installment Loans
Commercial Loans
Demand Deposits
Savings Deposits
Time Deposits

0.24%
0.39%
0.65%
0.29%
1.67%
0.06%
0.02%

0.23%
0.29%
0.41%
0.38%
1.63%
0.06%
0.01%

0.23%
14.49%
4.02%
2.21%
3.76%
1.48%
0.47%
1.16%

0.08%
14.69%
3.86%
1.52%
4.55%
1.21%
0.44%
0.22%

Nonlnterest Expense

Investments
Real Estate Loans
Installment Loans
Commercial Loans
Demand Deposits
Savings Deposits
Time Deposits
Borrowings & Other Liabiltiies


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

8

Overview

Net Income/Total Assets
3.00% - - - - - - - - - - - - - - - - - - - - - - - - - - 2.00%

-·1-------------------------------1

1.00%

-+-----

0.00%----

Assets <= $150M

Assets >$150M

Total Expense/ Total Income
90.00% - . - - - - - - - - - - - - - - - - - - - - - - - - ,
80.00% ____
70.00% ____
60.00% _ __
50.00%
40.00% __.___ __
30.00o/o _ _ __
20.00% ____
10.00%
0.00% -- - - - -+-----

t------


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

Assets >$150M

Assets<= $150M

9

Overview

Net Interest Margin
5.00%------------------------4.00% -+--- - - 3.00% -+--- - -

2.00%
1.00%

-+--- - -

- + - - -- -

0.()0% - - - - -

Assets >$150NI

Assets<= $150IVI

Nonlnterest Income I Nonlnterest Expense

15.00% ,- - 10.00%
5.00%
0.00% - - - -


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

Assets <= $1 S0M

Assets >$1 S0M

10

Overview

Nonlnterest Expense/ Total Expense
50.00% - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - .
40.00%

- t - - - -- -

30.00%

- 1 - - -- - i

20.00% --

-

10.00% ------- 0.00% -------Assets <= $150M

Assets >$150M

Nonlnterest Income/ Total Income
12.00% - - - - - - - - - - - - - - - - - - - - - - - - - - - 11.00% - - 10.00%
9.00% -------- - 8.00% 7.00%
6.00% - - - - - -


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

Assets <= $150M

Assets >$150M

11

Overview

•Loans I Deposits
80.00% - - - - - - - - - - - - - - - - - - - - - - - - - - - 70.00% - - - 60.00%
50.00% --------40.00%
30.00% - - - 20.00%
10.00% - - - 0.00%----Assets >$150M
Assets<= $150M
- t - - - -- -

-t---- - -

-1- - - -

Net Loan Losses I Total Loans
0.35% - - - - - - - - - - - - - - - - - - - - - - - - - - - 0.30% - -- - - - - - - - - - - - - - - - -~.,;;;;;;-.,;;;;;;-~~~~~~~- - - 0.25% - - - - - - - - - - - - - - - - - 0.20% ·--- - - 0.15% - - --0.10% - - - ----0.05% --0.00% - - - - -


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

Assets >$1 S0M

Assets<= $150M

12

Overview

Salaries & Fringe Benefits/ Total Nonlnterest Expense
60.00% - - - - - - - - - - - - - - - - - - - - - - - - - - - 50.00%

-+--- - -

40.00%

-+--- - - - - - - ,

30.00% -

---

20.00% -

---

10.00% -

---

0.00% - - - - - Assets<= $150M

Assets >$150M

Net Income/ FTE Personnel
$40,000
$35,000
$30,000
$25,000
$20,000
$15,000
$10,000
$5,000
$0

---------------------------.
-- - - - t - - - -- - -

-

-----

-t----- - -

-t----- - -

-- - - ------


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

Assets >$150M

Assets<= $150M

13

Investments Summary

INVESTMENTS
Included as investments are U.S. securities, municipal securities and loans, Federal Funds sold, liquidity
loans, and other investments. Non-interest income on investments includes gains and losses on securities.
The income graphed below is shown before transfer pricing.

Investments Net Income
(Before Transfer Pricing)
7.0% - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - .
6.0% - -- - Q)
E 5.0% ,_ _ __,
~
0 4.0% -1------ - -

> 3.0°/o

~

0

'?fl.

+-- - - -

2.0%

1.0°/o

+ - -- - -

0.0%-----Assets <= $150M

Assets >$150M

Investments - Nonlnterest Income/ Total Income
4.0°/o

--r--------------------------------,

3.0°/o ..--2.0% -- - - -

1.0%
0.0%-----


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

Assets <= $150M

Assets >$150M

14

Investments Summary
Dollars

70 Institutions

22 Institutions

Assets up to $150 M

Assets > $150 M

$23,871,300
34.87%

$165,037,470
35.74%

$1,430,798
$835.342
$595,456
$46,686
$642,142

$10,253,791
$6.225.342
$4,028,450
$320,718
$4,349,167

$19,288
$5,096
$24,384

$58,458
$15,122
$73,580

$12,876
$2,418
$1,553
$349
$2,197
$4,017
$47,794

$10,364
$6,157
$3,344
$1,116
$6,306
$11,322
$112,188

$6,600
$228.699
$283,093

$16,598
$1.671.930
$1,800,716

$359,049

$2,548,452

$1,423,090

$10,445,723

$ VOLUME OF OUTSTANDINGS
Investment Dollars/Earning Assets

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
All Other Direct Expenses
Total Direct Expenses
Net Indirect Expenses
Charge for Funding Operations (CFO)
Total Nonlnterest Expense
Net Income

Memo: Net Income Before COF and CFO
Composition of Nonlnterest Expenses

Assets > $150 M

Assets up to $150 M

12%

13%
1

l!!I Personnel

,

■

■

Other Direct
57%

=Net Indirect ,

Personnel Expense
Other Direct Expenses
Net Indirect Expenses
Total


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

Ill Personnel

Other Direct '
I

D Net Indirect

$24,384
$23,410

Personnel Expense
Other Direct Expenses

$73,580
$38,608

$6.600
$54,394

Net Indirect Expenses
Total

$16,598
$128,786

15

Investments Summary
Percent of Investments$ Volume

70 Institutions

22 Institutions

Assets up to $150 M

Assets > $150 M

$23,871,300

$ VOLUME OF OUTSTANDINGS

$165,037,470

5.99%
3.50%
2.49%
0.20%
2.69%

6.21%
3.77%
2.44%
0.19%
2.64%

Direct Expenses
Salary
Fringe Benefits
Personnel Expense

0.08%
0.02%
0.10%

0.04%
0.01%
0.04%

Vendor Data Processing
Furniture & Equipment
Printing, Postage, & Freight
Telephone & Electronic Access
Occupancy
All Other Direct Expenses
Total Direct Expenses

0.05%
0.01%
0.01%
0.00%
0.01%
0.02%
0.20%

0.01%
0.00%
0.00%
0.00%
0.00%
0.01%
0.07%

Net Indirect Expenses
Charge for Funding Operations (CFO)

0.03%
0.96%

0.01%
1.01%

Total Nonlnterest Expense

1.19%

1.09%

Net Income

1.50%

1.54%

Memo: Net Income Before COF and CFO

5.96%

6.33%

Interest Income
-Cost of Funds (COF)
Net Interest Income
+Nonlnterest Income
Net Income Before Nonlnterest Expense

-Nonlnterest Expenses

Pre-Tax Ratios

Nonlnterest Income/Total Direct Expenses

97.68%

285.88%

Personnel Expense/Total Direct Expenses

51.02%

65.59%

Net Indirect Expenses/Total Direct Expenses

13.81%

14.80%

0.38

0.95

Investments FTE Personnel


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

16

Real Estate Loan Summary

REAL ESTATE LOANS
Included as real estate loans are mortgages on 1 to 4 family unit dwellings, construction and land
development loans, home equity loans, and commercial real estate loans. Also included are real estate loans
that were purchased but are serviced by other entities. The income graphed below is shown before transfer
pricing.

Real Estate Net Income
(Before Transfer Pricing)
10.00%
8.00%
6.00%
4.00% 2.00%
0.00%
Assets <= $1 S0M

Assets >$1 S0M

Real Estate - Nonlnterest Income/ Total Income
5.0% . . . . - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 4.0% - - 3.0%
2.0%
1.0%
0.0% __.___ _ __


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

Assets <= $1 S0M

Assets >$150M

17


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

This page left intentionally blank.

18

Real Estate Loan Summary
Dollars

70 Institutions

21 Institutions

Assets up to $150 M

Assets > $150 M

$23,847,305
480
32.60%

$ VOLUME OF OUTSTANDINGS
Average # Loans Outstanding
Real Estate Outstandings/Earning Assets

Interest Income
-Cost of Funds (COF)
Net Interest Income
+Nonlnterest Income
Net Income Before Nonlnterest Expense

$129,353,639
2,011
30.71%

$2,031,530
$857.749
$1,173,781
$89.477
$1,263,257

$10,633,974
$5,047.260
$5,586,714
$382.214
$5,968,927

$111,849
$28,806
$140,655

$527,427
$145,150
$672,578

$7,787
$19,963
$12,112
$3,223
$20,374
$784
$3,619
$29,577
$238,096

$24,582
$108,300
$56,566
$19,379
$115,181
$6,237
$52,343
$233.404
$1,288,570

$56,236
$243.767
$538,099

$299,021
$1.273.079
$2,860,670

$13,377
$711,781

$129,177
$2,979,080

$1,813,297

$9,299,420

-Nonlnterest Expenses
Direct Expenses
Salary
Fringe Benefits
Personnel Expense
Vendor Data Processing
Furniture & Equipment
Printing, Postage, & Freight
Telephone & Electronic Access
Occupancy
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

Composition of Nonlnterest Expenses
Assets up to $150 M

Assets > $150 M

El Personnel

48%

■

111 Personnel
I ■ Other Direct

t

Other Direct 1

! □ Net Indirect I

-= Net Indirect I

Personnel Expense
Other Direct Expenses
Net Indirect Expenses
Total


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

I

Personnel Expense
Other Direct Expenses
Net Indirect Expenses
Total

$140,655
$97,441
$56,236
$294,332

19

$672,578
$615,992
$299 021
$1,587,591

Real Estate Loans Summary
Percent of Real Estate $ Volume

$ VOLUME OF OUTSTANDINGS

70 Institutions

21 Institutions

Assets up to $150 M

Assets > $150 M

$23,847,305

Interest Income
-Cost of Funds (COF)
Net Interest Income
+Nonlnterest Income
Net Income Before Nonlnterest Expense

$129,353,639

8.52%
3.60%
4.92%
0.38%
5.30%

8.22%
3.90%
4.32%
0.30%
4.61%

Direct Expenses
Salary
Fringe Benefits
Personnel Expense

0.47%
0.12%
0.59%

0.41%
0.11%
0.52%

Vendor Data Processing
Furniture & Equipment
Printing, Postage, & Freight
Telephone & Electronic Access
Occupancy
Credit Reports
Appraisal Fees
All Other Direct Expense
Total Direct Expenses

0.03%
0.08%
0.05%
0.01%
0.09%
0.00%
0.02%
0.12%
1.00%

0.02%
0.08%
0.04%
0.01%
0.09%
0.00%
0.04%
0.18%
1.00%

0.24%
1.02%
2.26%

0.23%
0.98%
2.21%

-Net Loan Losses
Net Income

0.06%
2.98%

0.10%
2.30%

Memo: Net Income Before COF and CFO

7.60%

7.19%

Nonlnterest Income/Total Direct Expenses

37.58%

29.66%

Personnel Expense/Total Direct Expenses

59.08%

52.20%

Net Indirect Expenses/Total Direct Expenses

23.62%

23.21%

-Nonlnterest Expenses

Net Indirect Expenses
Charge for Funding Operations (CFO)
Total Nonlnterest Expense

Pre-Tax Ratios


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

20

Real Estate Loan Information

$ VOLUME OF OUTSTANDINGS
Average # Loans Outstanding
Average Size Loan

# Loans Made
# Loans Serviced

70 Institutions

21 Institutions

Assets up to $150 M

Assets > $150 M

$23,847,305
480
$54,391

$129,353,639
2,011
$75,390

172
525

552
2,139

582
5,701

4,198
21,704

0
202
3.22

0
726
16.38

# Payments Received

Electronic
Non Electronic
# Applications Received

Electronic
Non Electronic
FTE Personnel

Productivity Measures
Loans Made/Applications Received

85.29%

Average Number Loans Outstanding/FTE Personnel

149.20

Loans Made/FTE Personnel
Nonlnterest lncome/FTE Personnel
Personnel Expense/FTE Personnel
Average $ Volume Outstanding/FTE Personnel

Item Costs
Applications-Electronic
Applications-Non Electronic

75.98%
122.78

53.42

33.70

$27,785

$23,336

$43,678

$41,064

$7,405,338

$7,897,736

$0.00

$0.00

$115.03

$144.61

Payments-Electronic

$0.05

$0.06

Payments-Non Electronic

$1.83

$2.30

$114.82

$144.34

Loan Disbursement

$47.63

$59.88

Loan Maintenance-Monthly

$56.63

$71.19

Loan Set Up

Average Costs
To Make a Loan
N/A

Electronic

$277.48

N/A
$348.83

Electronic

$46.41

$58.94

Non Electronic

$58.46

$73.50

Non Electronic

To Maintain a Loan-Monthly


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

21

Real Estate Loans - Item Costs
70 Institutions
Assets up to $150 M

Activity
Applications-Electronic
Applications-Nonelectronic
Payments-Electronic
Payments-Non Electronic
Loan Set Up
Loan Disbursement
Loan Maintenance
Total

Activity
Applications-Electronic
Applications-Nonelectronic
Payments-Electronic
Payments-NonElectronic
Loan Set Up
Loan Disbursement
Loan Maintenance-Monthly

Direct Expense

Net
Indirect Expense

Total Expense

$0

$0

$0

$14,450
$21
$5,930
$12,587
$5,221
$199,887
$238,096

$3,490
$5
$1 ,372
$3,016
$1 ,251
$47,102
$56,236

$17,940
$25
$7,302
$15,603
$6,472
$246,989
$294,332

Direct
Item Costs
$0.00
$93.48
$0.04
$1.49
$93.31
$38.71
$46.02

Net Indirect
Item Costs
$0.00
$21 .55
$0.01
$0.34
$21 .51
$8.92
$10.61

Total
Item Costs
$0.00
$115.03
$0.05
$1.83
$114.82
$47.63
$56.63

21 Institutions
Assets > $150 M

Activity
Applications-Electronic
Applications-Nonelectronic
Payments-Electronic
Payments-Non Electronic
Loan Set Up
Loan Disbursement
Loan Maintenance
Total

Direct Expense
$0
$69,624
$156
$31,521
$52,532
$21,792
• $1. 112,944
$1,288,570

Activity
Applications-Electronic
Applications-Nonelectronic
Payments-Electronic
Payments-Non Electronic
Loan Set Up
Loan Disbursement
Loan Maintenance-Monthly

Direct
Item Costs
$0.00
$116.76
$0.05
$1 .86
$116.54
$48.35
$57.48


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

22

Net
Indirect Expense

Total Expense

$0

$0

$16,440
$34
$7,317
$12,285
$5,096
$257,848
$299,021

$86,064
$190
$38,838

Net Indirect
Item Costs
$0.00
$27.85
$0.01
$0.44
$27.80
$11 .53
$13.71

$64,818

$26,888
$1,370,792
$1,587,591

Total
Item Costs
$0.00
$144.61
$0.06
$2.30
$144.34
$59.88
$71.19

Installment Loans Summary

INSTALLMENT LOANS
The installment loan product-line analysis includes automobile loans, student loans, credit card loans, preauthorized overdraft and check credit loans, other consumer loans, consumer lease financing receivables,
purchased installment loans, overdrafts in consumer checking accounts, and commercial loans processed
by installment loan staff. The income graphed below is shown before transfer pricing.

Installment Loan Net Income
(Before Transfer Pricing)
7.00%
6.00%
s.00%
::::s
4.00%
0
.! 3.00%
~ 2.00%
o
1.0 0 %
0.00 %

e

---------------------------------

---- - - ------- - - ------- - - ----- - - ------- - - ------Assets<= $1 S0M

Assets >$1 S0M

Installment Loans - Nonlnterest Income/ Total Income
7.00% -r----------------------------------,
6.00% - - - - 5.00%
4.00%

----

3.00% - - - - - - -

- - - -- - - - - - -•

2.00% - - - - 1.00% - - - - - - 0.00% -- - - - -


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

Assets<= $150M

Assets >$150M

23


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

This page left intentionally blank.

24

Installment Loans Summary
Dollars

$ VOLUME OF OUTSTANDINGS

67 Institutions

19 Institutions

Assets up to $150 M

Assets > $150 M

$5,715,553

$29,885,105

1,046

5,on

Average # Loans Outstanding
Installment Loan Outstandings/Earning Assets

9.44%

8.66%

Interest Income
-Cost of Funds (COF)
Net Interest Income
+Nonlnterest Income
Net Income Before Nonlnterest Expense

$549,608
$204.318
$345,290
$33.999
$379,289

$2,798,102
$1.111.268
$1,686,834
$107.288
$1,794,122

-Nonlnterest Expenses
Direct Expenses
Salary
Fringe Benefits
Personnel Expense

$84,215
$21.863
$106,078

$385,295
$102,892
$488,187

Vendor Data Processing
Furniture & Equipment
Printing, Postage, & Freight
Telephone & Electronic Access
Occupancy
Credit Reports
All Other Direct Expenses
Total Direct Expenses

$196
$17,055
$10,222
$2,585
$16,452
$2,547
$25,651
$180,785

$781
$98,533
$54,624
$15,524
$91,856
$17,411
$175,882
$942,799

Net Indirect Expenses
Charge for Funding Operations (CFO)
Total Nonlnterest Expense

$47,498
$57.507
$285,790

$250,302
$259.556
$1,452,657

$25,295
$68,204

$215,129
$126,336

$330,028

$1,497,160

- Net Loan Losses
Net Income
Memo: Net Income Before COF and CFO
Composition of Nonlnterest Expenses

Assets > $150 M

Assets up to $150 M

41%
46%

1111'11

1

Personnel

■ Other Direct

■

\


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

Other Direct I

D Net Indirect

□ Net Indirect I

Personnel Expense
Other Direct Expenses
Net Indirect Expenses
Total

II Personnel

$106,078
$74,707
$47,498
$228,283

Personnel Expense
Other Direct Expenses
Net Indirect Expenses
Total
25

l

$488,187
$454,612
$250,302
$1,193,101

Installment Loans Summary
Percent of Installment Loan$ Volume

$ VOLUME OF OUTSTANDINGS

67 Institutions

19 Institutions

Assets up to $150 M

Assets > $150 M

5,715,553

9.62%
3.57%
6.04%
0.59%
6.64%

Interest Income
-Cost of Funds (COF)
Net Interest Income
+Nonlnterest Income
Net Income Before Nonlnteres: Expense

29,885,105

9.36%
3.72%
5.64%
0.36%
6.00%

-Nonlnterest Expenses
Direct Expenses
Salary
Fringe Benefits
Personnel Expense

1.47%
0.38%
1.86%

1.29%
0.34%
1.63%

Vendor Data Processing
Furniture & Equipment
Printing, Postage, & Freight
Telephone & Electronic Access
Occupancy
Credit Reports
All Other Direct Expenses
Total Direct Expenses

0.00%
0.30%
0.18%
0.05%
0.29%
0.04%
0.45%
3.16%

0.00%
0.33%
0.18%
0.05%
0.31%
0.06%
0.59%
3.15%

Net Indirect Expenses
Charge for Funding Operations (CFO)

0.83%
1.01%

0.84%
0.87%

Total Nonlnterest Expense

5.00%

4.86%

-Net Loan Losses
Net Income

0.44%
1.19%

0.72%
0.42%

Memo: Net Income Before COF and CFO

5.TT%

5.01%

Nonlnterest Income/Total Direct Expenses

18.81%

11.38%

Personnel Expense/Total Direct Expenses

58.68%

51.78%

Net Indirect Expenses/Total Direct Expenses

26.27%

26.55%

Pre-Tax Ratios


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

26

Installment Loan Information
67 Institutions

19 Institutions

Assets up to $150 M

Assets > $150 M

$5,715,553
1,046
$5,466

$29,885,105
5,077
$5,887

# Loans Made
# Loans Serviced
# Payments Received

609
1,038

2,326
5,120

Electronic
Non Electronic
# Applications Received
Electronic
Non Electronic
FTE Personnel

894
9,716

6,240
50,906

0
731
2.55

0
3,924
13.74

83.32%
409.98
238.78
$13,331
$41,594
$2,241,131

59.27%
369.45
169.26
$7,808
$35,526
$2,174,794

$ VOLUME OF OUTSTANDINGS
Average # Loans Outstanding
Average Size Loan

Productivity Measures
Loans Made/Applications Received
Average Number Loans Outstanding/FTE Personnel
Loans Made/FTE Personnel
Nonlnterest lncome/FTE Personnel
Personnel Expense/FTE Personnel
Average $ Volume Outstanding/FTE Personnel

Item Costs
Applications-Electronic
Applications-NonElectronic
Payments-Electronic
Payments-Non Electronic
Loan Set Up
Loan Disbursement
Loan Maintenance-Monthly

Average Costs
To Make a Loan
Electronic
Non Electronic

$0.00
$42.98
$0.12
$2.58
$82.02
$13.45
$17.68

$0.00
$41.36
$0.12
$2.48
$78.93
$12.95
$17.01

NIA
$138.46

NIA
$133.25

$15.15
$20.25

$15.55
$19.49

To Maintain a Loan-Monthly
Electronic
Non Electronic


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

27

Installment Loans - Item Costs

67 Institutions
Assets up to $150 M

Net
Activity
Applications-Electronic
Applications-Nonelectronic
Payments-Electronic
Payments-Non Electronic
Loan Set Up
Loan Disbursement
Loan Maintenance
Total

Activity
Applications-Electronic
Applications-Nonelectronic
Payments-Electronic
Payments-Non Electronic
Loan Set Up
Loan Disbursement
Loan Maintenance-Monthly

Direct Expense

Indirect Expense

Total Expense

$0

$0

$0

$17,464
$75
$14,153
$27,022
$4,432
$117,639
$180,785

$4,659
$20
$3,711
$7,068
$1,159
$30,881
$47,498

$22,123
$94
$17,864
$34,090
$5,592
$148,520
$228,283

Direct

Net Indirect

Item Costs
$0.00
$33.81
$0.09
$2.03
$64.52
$10.58
$13.91

Item Costs
$0.00
$9.17
$0.03
$0.55
$17.50
$2.87
$3.77

Total
Item Costs
$0.00
$42.98
$0.12
$2.58
$82.02
$13.45
$17.68

19 Institutions
Assets > $150 M

Activity
Applications-Electronic
Applications-Nonelectronic
Payments-Electronic
Payments-NonElectronic
Loan Set Up
Loan Disbursement
Loan Maintenance
Total

Activity
Applications-Electronic
Applications-Nonelectronic
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

Net
Indirect Expense

$0

$0

$92,737
$479
$77,475
$109,501
$17,961
$644,646
$942,799

$23,726
$110
$21,329
$28,142
$4,616
$172,379
$250,302

Direct

Net Indirect

Item Costs
$0.00
$33.22
$0.10
$1.99
$63.39
$10.40
$13.66

Item Costs
$0.00
$8.15
$0.02
$0.49
$15.55
$2.55
$3.35

28

Total Expense
$0
$116,462
$589
$98,804
$137,643
$22,577
$817,025
$1,193,101

Total
Item Costs
$0.00
$41.36
$0.12
$2.48
$78.93
$12.95
$17.01

Commercial Loans Summary

COMMERCIAL LOANS
The commercial loan product line includes agricultural loans, commercial and industrial loans, Small Business
Administration loans, commercial lease financing receivables, loans purchased by the institutions but serviced
by others, and non-pre-authorized overdrafts in commercial checking accounts. Commercial loans processed
by installment loan staff are included with the installment loans. The income graphed below is shown before
transfer pricing .

Commercial Loans Net Income
(Before Transfer Pricing)
8.00%
7.00% -•- - - s.00% ____ _ ___,
::::1
5.00%
°g 4.00% ---- - 0 3.00%
~ 2.00%
1.00%
0.00%

E

Assets >$1 S0M

Assets<= $1 S0M

Commercial Loans - Nonlnterest Income I Total Income
5.00%
4.00%
3.00%
2.00%
1.00%
0.00%


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

Assets >$150M

Assets <= $1 S0M

29


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Federal Reserve Bank of St. Louis

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30

Commercial Loans Summary
Dollars

$ VOLUME OF OUTSTANDINGS

67 Institutions

21 Institutions

Assets up to $150 M

Assets > $150 M

$16,047,970

Average # Loans Outstanding
Commercial Loan Outstandings/Earning Assets
Interest Income
-Cost of Funds (COF)
Net Interest Income
+Nonlnterest Income
Net Income Before Nonlnterest Expense

$73,076, 199

457

956

24.54%

25.07%

$1,519,959
$565.040

$6,556,164
$2,608.249

$954,919

$3,947,914

$37.640

$254,517

$992,559

$4,202,431

-Nonlnterest Expenses
Direct Expenses
Salary
Fringe Benefits
Personnel Expense

$143,398
$38,368
$181,767

$440,248
$113,449
$553,697

Vendor Data Processing
Furniture & Equipment
Printing, Postage, & Freight
Telephone & Electronic Access
Occupancy
Credit Reports
All Other Direct Expenses
Total Direct Expenses

$11,666
$23,134
$13,715
$3,496
$21,852
$1 ,006
$35,617
$292,252

$35,907
$73,202
$40,915
$12,034
$73,544
$3,785
$130,219
$923,303

Net Indirect Expenses
Charge for Funding Operations (CFO)

$64,479
$162.702

Total Nonlnterest Expense

$519,433

$186,555
$713.260
$1,823,119

$29,321
$443,806

$279,790
$2,099,523

$1,171,548

$5,421,033

-Net Loan Losses
Net Income

Memo: Net Income Before COF and CFO

Composition of Nonlnterest Expenses
Assets up to $150 M

Assets> $150 M

mPersonnel
51%

■ Other Direct

I

50~0 11 Personnel I
11 Other Direct
1

1
1'

'.:J Net Indirect

Personnel Expense
Other Direct Expenses
Net Indirect Expenses
Total


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

o Net Indirect

Personnel Expense
Other Direct Expenses
Net Indirect Expenses
Total

$181,767
$110,485
$64,479
$356,730

31

$553,697
$369,606
$186,555
$1,109,858

Commercial Loan Summary
Percent of Commercial Loan $ Volume

67 Institutions

21 Institutions

Assets up to $150 M

Assets > $150 M

$16,047,970

$ VOLUME OF OUTSTANDINGS

$73,076,199

Interest Income

9.47%

8.97%

-Cost of Funds (COF)
Net Interest Income
+Nonlnterest Income
Net Income Before Nonlnterest Expense

3.52%
5.95%
0.23%
6.18%

3.57%
5.40%
0.35%
5.75%

-Nonlnterest Expenses
Direct Expenses
Salary
Fringe Benefits
Personnel Expense

0.89%
0.24%
1.13%

0.60%
0.16%
0.76%

Vendor Data Processing
Furniture & Equipment
Printing, Postage, & Freight
Telephone & Electronic Access
Occupancy
Credit Reports
All Other Direct Expenses
Total. Direct Expenses

0.07%
0.14%
0.09%
0.02%
0.14%
0.01%
0.22%
1.82%

0.05%
0.10%
0.06%
0.02%
0.10%
0.01%
0.18%
1.26%

Net Indirect Expenses
Charge for Funding Operations (CFO)

0.40%
1.01%
3.24%

0.26%
0.98%
2.49%

0.18%
2.n%

0.38%
2.87%

7.30%

7.42%

Nonlnterest Income/Total Direct Expenses

12.88%

27.57%

Personnel Expense/Total Direct Expenses

62.20%

59.97%

Net Indirect Expenses/Total Direct Expenses

22.06%

20.21%

Total Nonlnterest Expense

-Net Loan Losses
Net Income

Memo: Net Income Before COF and CFO

Pre-Tax Ratios


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

32

Commercial Loan Information

$ VOLUME OF OUTSTANDINGS
Average# Loans Outstanding
Average Size Loan

# Loans Made
# Loans Serviced

67 Institutions

21 Institutions

Assets up to $150 M

Assets > $150 M

$16,047,970
457
$41,983

$73,076, 199
956
$85,108

385
443

563
957

224
3,401

232
7,539

0
429
3.48

0
671
10.78

# Payments Received
Electronic
Non Electronic
# Applications Received
Electronic
Non Electronic
FTE Personnel

Productivity Measures
Loans Made/Applications Received
Average Number Loans Outstanding/FTE Personnel
Loans Made/FTE Personnel
Nonlnterest lncome/FTE Personnel
Personnel Expense/FTE Personnel
Average $ Volume Outstanding/FTE Personnel

89.78%
131.26
110.56
$10,801
$52,158
$4,604,968

Item Costs
Applications-Electronic

83.98%
88.69
52.25
$23,612
$51,368
$6,779,467

$0.00

$0.00

$374.72

$574.44

Payments-Electronic

$0.02

$0.02

Payments-NonElectronic

$3.15

$4.83

$96.52

$147.96

Applications-NonElectronic

Loan Set Up
Loan Disbursement

$44.09

$67.60

Loan Maintenance-Monthly

$67.82

$103.96

Average Costs
To Make a Loan

N/A

Electronic
NonElectronic

$515.34

NIA
$789.99

To Maintain a Loan-Monthly
$55.67
$70.97

Electronic
Non Electronic


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

33

$58.55
$108.79

Commercial Loans - Item Costs

67 Institutions
Assets up to $150 M

Activity
Applications-Electronic
Applications-Nonelectronic
Payments-Electronic
Payments-Non Electronic
Loan Set Up
Loan Disbursement
Loan Maintenance
Total

Activity
Applications-Electronic
Applications-Nonelectronic
Payments-Electronic
Payments-Non Electronic
Loan Set Up
Loan Disbursement
Loan Maintenance-Monthly

Direct Expense
$0
$75,501
$3
$7,480
$18,418
$8,415
$182,435
$292,252

Net
Indirect Expense
$0
$15,930
$1
$1 ,688
$3,885
$1 ,775
$41,200
$64,479

Direct

Net Indirect

Item Costs

Item Costs
$0.00
$58.47
$0.00
$0.49
$15.06
$6.88
$10.58

$0.00
$316.25
$0.02
$2.66
$81.45
$37.21
$57.24

Total Expense
$0
$91 ,431
$4
$9,167
$22,303
$10,190
$223,635
$356,730

Total
Item Cost
$0.00
$374.72
$0.02
$3.15
$96.52
$44.09
$67.82

21 Institutions
Assets > $150 M

Activity
Applications-Electronic
Applications-Nonelectronic
Payments-Electronic
Payments-Non Electronic
Loan Set Up
Loan Disbursement
Loan Maintenance
Total

Activity
Applications-Electronic
Applications-Nonelectronic
Payments-Electronic
Payments-NonElectronic
Loan Set Up
Loan Disbursement
Loan Maintenance-Monthly


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

Direct Expense
$0
$191,431
$7
$21,403
$40,466
$18,488
$651,508
$923,303

Net
Indirect Expense
$0
$38,218
$1
$4,413
$8,250
$3,769
$131,904
$186,555

Direct

Net Indirect

Item Costs

Item Costs
$0.00
$101.46
$0.00
$0.85
$26.13
$11.94
$18.36

$0.00
$472.97
$0.02
$3.97
$121 .82
$55.66
$85.60

34

Total Expense
$0
$229,649
$8
$25,817
$48,716
$22,257
$783.412
$1,109,858

Total
Item Cost
$0.00
$574.44
$0.02
$4.83
$147.96
$67.60
$103.96

Demand Deposit Summary

DEMAND DEPOSITS
The demand deposits product line encompasses all demand and transaction accounts, including interest
bearing checking , non-interest bearing checking, non-interest bearing escrow accounts, and outstanding
official checks, travelers checks, and money orders. The expenses graphed below are shown before transfer
pricing and include only direct interest and non-interest expenses.

Demand Deposit Net Income
(Before Transfer Pricing)
0.00%
G)

-1.00%

E
::::, -2.00%
0 -3.00% >
0
-4.00%
~-s-e1s- <:-$-t50 M
~
-5.00% - - - - - - - - - - - - - - - - - - - - - - - , i~sets- >$-1-5

~

0

a.An-- - - _ _ _ _ .

-6.00%

Demand Deposit - Income/ Total Direct Expense
70.00%
60.00% - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 50.00%
40.00%
30.00%
20.00%
10.00%
0.00% - - - - - Assets >$150M
Assets<= $150M


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

-·11--------- -

35


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

This page left intentionally blank.

36

Demand Deposit Summary
Dollars

Credit for Funding (CFF)
- Interest Expense
Net Interest Income
+ Nonlnterest Income
Service Charges
Penalty Fees
Other
Total Nonlnterest Income
Net Income Before Nonlnterest Expense

69 Institutions

22 Institutions

Assets up to $150 M

Assets > $150 M

$1,344,444
$246,449
$1,097,995

$5,472,301
$1,085,482
$4,386,819

$129,742
$163,494
$10,584
$303,819

$452,849
$670,659
$137,641
$1,261,149

$1,401,814

$5,647,968

$175,665

$920,838

-Nonlnterest Expenses
Direct Expenses
Salary
Fringe Benefits
Personnel Expense

$46,038

$231,584

$221,703

$1,152,422

Vendor Data Processing

$39,213

$102,799

Furniture & Equipment

$59,106

$277,238

Printing, Postage, & Freight

$36,416

$148,388

Telephone & Electronic Access
Occupancy
FDIC Insurance

$9,680

$52,635

$61,053

$333,115

$3,045

$17,002

$89,772

$641,148

Total Direct Expenses

$519,990

$2,724,745

Net Indirect Expenses

$161,640

$792,523

Charge for Portfolio Operations (CPO)

$205.622

Total Nonlnterest Expense

$887,251

$4,194,790

$514,563

$1,453,179

($624,259)

($3,341,600)

All Other Direct Expenses*

Net Income

Memo: Net Income Before CFF and CPO

$677.522

Composition of Nonlnterest Expenses
Assets > $150 M

Assets up to $150 M

■ Personnel

: ID Personnel

I ■ Other Direct I

I

I■ Other Direct
ID Net Indirect I

1

43%

Personnel Expense
Other Direct Expenses
Net Indirect Expenses
Total

J

44%

$221,703
$298,286

Personnel Expense
Other Direct Expenses
Net Indirect Expenses
Total

$161,640
$681,630

*All Other Direct Expenses includes Return Item Expense.


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

□ Net Indirect

37

$1,152,422
$1,572,324
$792,523
$3,517,268

Demand Deposit Summary
Percent of Demand Deposit $ Volume

69 Institutions

22 Institutions

Assets u~ to i150 M

Assets > i150 M

$18,216,887
3,266

$ VOLUME OF DEMAND DEPOSITS
Average Number of Accounts

$77,292,033
13,566

Credit for Funding (CFF)
-Interest Expense

7.38%
1.35%

7.08%
1.40%

Net Interest Income

6.03%

5.68%

0.71%
0.90%
0.06%
1.67%

0.59%
0.87%
0.18%
1.63%

7.70%

7.31%

0.96%
0.25%
1.22%

1.19%
0.30%
1.49%

All Other Direct Expenses*
Total Direct Expenses

0.22%
0.32%
0.20%
0.05%
0.34%
0.02%
0.49%
2.85%

0.13%
0.36%
0.19%
0.07%
0.43%
0.02%
0.83%
3.53%

Net Indirect Expenses
Charge for Portfolio Operations (CPO)

0.89%
1.13%

1.03%
0.88%

Total Nonlnterest Expense

4.87%

5.43%

2.82%

1.88%

(3.43%)

(4.32%)

Nonlnterest Income/Total Direct Expenses

58.43%

46.29%

Personnel Expense/Total Direct Expenses

42.64%

42.29%

Net Indirect Expenses/Total Direct Expenses

31.09%

29.09%

Number of Return Items (On-Us)
Number of Return Items (Transit)

4,171
3,782

19,965
17,521

Number of Official Checks, Money Orders, etc., Issued

8,987

70,085

+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
FDIC Insurance

Net Income

Memo: Net Income Before CFF and CPO

Pre-Tax Ratios

• All Other Direct Expenses includes Return Item Expense.


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

38

Average Demand Deposit Account Profitability

69 Institutions
Assets up to $150 M

Analysis of Average Demand Deposit Account

22 Institutions
Assets> $150 M

Earnings Per Account Per Month

$35.08
$6.78

Credit for Funding (CFF)
-Interest Expense
Net Interest Income

+Nonlnterest Income
Service Charges
Penalty Fees
Other
Total Nonlnterest Income
Net Income Before Nonlnterest Expense

-Activity Expenses
Deposits - Electronic
Deposits - NonElectronic
Withdrawals - Electronic
Withdrawals - NonElectronic
Transit Checks Deposited
Transit Checks Cashed
Accounts Opened
Accounts Closed
On-Us Checks Cashed
Account Maintenance(Truncated)
Account Maintenance(NonTruncated)

$3.09
$4.10
$0.30
$7.49

$3.06
$4.48
$0.72
$8.25

$35.79

$41.64

$0.01
$0.50
$0.26
$3.15
$1.45
$0.35
$0.11
$0.05
$0.28
$0.44
$5.88
$12.49

Total Activity Expense

$3.99

-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

$28.30

$40.52
$7.14
$33.39

39

$0.02
$0.77
$0.49
$3.73
$1 .52
$0.91
$0.18
$0.09
$0.68
$0.87
$6.21
$15.46

$5.76

$4.42
Hflg

$13.55

$16.84

($15.78)

($18.76)

Demand Deposits Information

$ VOLUME OF DEMAND DEPOSITS
Average Number of Accounts
Average Account $ Volume

# Accounts Truncated

69 Institutions

22 Institutions

Assets up to $150 M

Assets > $150 M

$18,216,887

$77,292,033

3,266
$5,577

13,566
$5,698

775

3,097

46,140

220,369

108,115

420,555

# Deposits

Electronic
Non Electronic
# Withdrawals

Electronic
Non Electronic
# Transit Checks Deposited
# Accounts Opened
# Accounts Closed

FTE Personnel
Productivity Measures
Deposits per Account per Month
Withdrawals per Account per Month
Transit Checks Deposited per Account per Month
Average Number Accounts/FTE Personnel
Account Opened/FTE Personnel
Nonlnterest lncome/FTE Personnel
Personnel Expense/FTE Personnel
Average$ Volume/FTE Personnel

656,361
2,756,373

494,762

1,663,708

593

2,440

420

1,905

9.32

46.17

3.94
22.01
12.62
350.52
63.67
$32,605
$23,792
$1,954,966

Item Costs*
Deposits-Electronic

Deposits-Non Electronic
Withdrawals-Electronic
Withdrawals-NonElectronic
Transit Check Deposited
Transit Check Cashed
Account Opened
Account Closed
On-Us Checks Cashed
Account Maintenance(Truncated)-Monthly
Account Maintenance(NonTruncated)-Monthly

0.89

1.20
29.93

11 .13

14.08

23.27

29.43

17.02

21.52

27.25

34.45

$10.06
$6.04

$12.72

25.65
$1 .00

32.44
$2.10

$9.57

$11.53

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

40

3.94
20.96
10.22
293.83
52.85
$27,317
$24,962
$1,674,174

23.67

108.61

Official Checks, Money Orders, etc. Issued

*

116,232
746,446

$7.63

137.34

Demand Deposit - Item Costs

69 Institutions
Assets up to $150 M
Net
Activity

Direct Expense

Total Expense

$383

$109

$492

$20,582

$6,152

$26,734

Deposit-Electronic
Deposit-Non Electronic

Indirect Expense

$12,828

$3,749

$16,577

$130,512

$42,902

$173,414

Transit Check Deposited

$67,395

$20,868

$88,263

Transit Check Cashed

$12,054

$3,899

$15,953

Account Opened

$5,511

$1,638

$7,149

Account Closed

$2,262

$667

$2,929

On-Us Checks Cashed

$10,711

$3,900

Account Maintenance (Truncated)

$23,050

$8,257

$14,611
$31.,307

$226,768

$66,987

$293,755

$7,934

~
$161,640

$681,630

Withdrawal-Electronic
Withdrawal-Non Electronic

Account Maintenance (NonTruncated)
Official Checks, etc. Issued
Total

$519,990

$10,446

69 Institutions
Assets up to $150 M

Activity
Deposit-Electronic

Direct

Net Indirect

Total

Item Cost*

Item Cost*

Item Cost*

Deposit-Non Electronic

0.68

0.21

0.89

17.90

5.77

23.67

8.44

2.70

11.13

17.60

5.67

23.27

Transit Check Deposited

12.87

4.15

17.02

Transit Check Cashed

20.61

6.64

27.25

Account Opened

$7.61
$4.56

$2.45
$1.47

$10.06

Account Closed
On-Us Checks Cashed

19.40

6.25

25.65

Account Maintenance(Truncated)-Monthly

$0.75

$0.25

$1.00

Account Maintenance(NonTruncated)-Monthly
Official Checks, etc. Issued

$7.30

$2.27

$9.57

82.14

26.47

108.61

Withdrawal-Electronic
Withdrawal-Non Electronic

" Item Costs are in cents unless a $ is shown.


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

41

$6.04

Demand Deposit - Item Costs

22 Institutions
Assets > $150 M
Net
Activity
Deposit-Electronic

Direct ExQense

Deposit-Non Electronic

Indirect ExQense

Total ExQense

$2,074

$586

$2,660

$94,785

$28,462

$123,247

$70,979

$20,421

$91,399

Withdrawal-Non Electronic

$563,920

$161,366

$725,286

Transit Check Deposited

$245,748

$70,694

$316,443

Transit Check Cashed

$116,747

$30,378

$147,126

Withdrawal-Electronic

Account Opened

$24,537

$7,114

$31,651

Account Closed

$12,018

$3,330

$15,348

$208,766

$58,831

$267,596

$85,454

$26,015

$111,469

$1,228,870

$365,647

$1,594,518

$70,847

$19,679

$90,526

$2,724,745

$792,523

$3,517,268

On-Us Checks Cashed
Account Maintenance (Truncated)
Account Maintenance (NonTruncated)
Official Checks, etc. Issued
Total

22 Institutions
Assets > $150 M

Direct
Activity
Deposit-Electronic

Item Cost*

Net Indirect
Item Cost•

Total
Item Cost*

0.92

0.27

1.20

23.09

6.84

29.93

Withdrawal-Electronic

10.88

3.20

14.08

Withdrawal-Non Electronic

22.70

6.73

29.43

Deposit-Non Electronic

Transit Check Deposited

16.60

4.92

21.52

Transit Check Cashed

26.58

7.88

34.45

Account Opened
Account Closed
On-Us Checks Cashed

$9.81
$5.89

$2.91
$1.75

$12.72
$7.63

25.02

7.42

32.44

Account Maintenance(Truncated)-Monthly

$1.64

$0.46

Account Maintenance(NonTruncated)-Monthly

$9.03

$2.49

$2.10
$11.53

105.93

31.41

137.34

Official Checks, etc. Issued

* Item Costs are in cents unless a $ is shown.


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

42

Savings Deposit Summary

SAVINGS DEPOSITS
The savings deposits product line includes all consumer and commercial savings, such as passbook
accounts, club accounts, school savings accounts, and money market deposit accounts (MMDAs) . The
expenses graphed below are shown before transfer pricing .

Savings Deposit Net Income
(Before Transfer Pricing)
0.00%
C1)

-1.00% -

E
:::, -2.00%
0 -3.00%

....0>
~
0

-4.00% -5.00% -6.00%

Assets<= $150M

Savings Deposits - Nonlnterest Expense / Total Expense
35.00% - r - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 30.00% - - - - 25.00%

20.00%
15.00%
10.00% - - - - - 5.00%
0.00%
- t - - --

- t - - -- - -


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

Assets <= $150M

Assets >$150M

43


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

This page left intentionally blank.

44

Savings Deposit Summary
Dollars

Credit for Funding (CFF)
-Interest Expense
Net Interest Income

68 Institutions

22 Institutions

Assets up to $150 M

Assets> $150 M

$996,494
$453,186
$543,308

$6,124,375
$2,646,161
$3,478,214

$5,893
$625
$155
$6,673

$39,486
$5,366
$3,699
$48,551

$549,981

$3,526,766

+Nonlnterest Income
Service Charges
Penalty Fees
Other
Total Nonlnterest Income
Net Income Before Nonlnterest Expense

-Nonlnterest Expenses
Direct Expenses
Salary
Fringe Benefits
Personnel Expense

$49,871
$12,844
$62,716

$265,422
$75,828
$341,250

$16,072
$15,576
$9,909
$2,621
$16,100
$2,539
$24,679
$150,212

$43,420
$83,145
$42,227
$14,235
$91,863
$14,851
$191,228
$822,219

$45,645
$137.586
$333,444

$241,890
$678.864
$1,742,974

$216,537

$1,783,792

($642,370)

($3,661,719)

Vendor Data Processing
Furniture & Equipment
Printing, Postage, & Freight
Telephone & Electronic Access
Occupancy
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

Composition of Nonlnterest Expenses
Assets up to $150 M

Assets> $150 M

IIll Personnel i

II Personnel
1

I ■ Other Direct

I ■

' o Net Indirect
45%

45%

Personnel Expense
Other Direct Expenses
Net Indirect Expenses
Total


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

Other Direct !

ID Net Indirect

Personnel Expense
Other Direct Expenses
Net Indirect Expenses
Total

$62,716
$87,496
$45,645
$195,858

45

$341,250
$480,969
$241,890
$1,064,109

Savings Deposit Summary
Percent of Savings Deposit$ Volume

68 Institutions

22 Institutions

Assets up to $150 M

Assets > $150 M

$13,514,714
2,489

$ VOLUME OF SAVINGS DEPOSITS
Average Number of Accounts

Credit for Funding (CFF)
-Interest Expense

7.37%
3.35%
4.02%

Net Interest Income

$87,601,760
11,496

6.99%
3.02%
3.97%

+Nonlnterest Income
Service Charges

0.05%

0.04%
0.00%
0.00%
0.05%

0.01%
0.00%
0.06%

4.07%

4.03%

0.37%
0.10%
0.46%

0.30%
0.09%
0.39%

0.12%
0.12%
0.07%
0.02%
0.12%
0.02%
0.18%
1.11%

0.05%
0.09%
0.05%
0.02%
0.10%
0.02%
0.22%
0.94%

0.34%
1.02%

0.28%
0.77%

2.47%

1.99%

1.60%

2.04%

(4.75%)

(4.18%)

Nonlnterest Income/Total Direct Expenses

4.44%

5.90%

Personnel Expense/Total Direct Expenses

41 .75%

41.50%

Net Indirect Expenses/Total Direct Expenses

30.39%

29.42%

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
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


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

46

Average Savings Deposit Account Profitability

Analysis of Average Savings Deposit Account

68 Institutions

22 Institutions

Assets up to $150 M

Assets > $150 M

Earnings Per Account Per Year
$423.67
$187.95

Credit for Funding (CFF)
-Interest Expense
Net Interest Income

$235.73

+Nonlnterest Income
Service Charges
Penalty Fees
Other
Total Nonlnterest Income

$2.58
$0.14
$0.04
$2.76

Net Income Before Nonlnterest Expense

- Activity Expenses
Deposits - Electronic
Deposits - NonElectronic
Withdrawals - Electronic
Withdrawals - NonElectronic
Transit Checks Deposited
Accounts Opened
Accounts Closed
Account Maintenance
Total 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

47

$733.94
$323.08
$410.87

$4.55
$0.61

$QJ1
$5.27

$238.48

$416.14

$0.07
$4.09
$0.42
$3.61
$13.61
$4.58
$2.39
$36.26
$65.03

$0.08
$8.47
$0.46
$4.90
$11.11
$9.58
$6.86
$49.81
$91.26

$21.24
$66.68
$85.53

$27.49
$82.58
$214.81

($271.45)

($436.55)

Savings Deposits Information

$ VOLUME OF SAVINGS DEPOSITS
Average Number of Accounts
Average Account $ Volume

# Deposits

Electronic
Non Electronic
# Withdrawals
Electronic
Non Electronic
# Transit Checks Deposited
# Accounts Opened
# Accounts Closed
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
Account Opened/FTE Personnel
Nonlnterest lncome/FTE Personnel
Personnel Expense/FTE Personnel
Average $ Volume/FTE Personnel

Item Costs*
Deposits-Electronic
Deposits-Non Electronic
Withdrawals-Electronic
Withdrawals-Non Electronic
Transit Check Deposited
Account Opened
Account Closed
Account Maintenance-Annual

68 Institutions

22 Institutions

Assets up to $150 M

Assets > $150 M

$13,514,714
2,489
$5,733

$87,601,760
11,496
$9,774

5,874
19,640

10,747
100,627

4,595
17,661
73,682
454
424
2.56

13,713
88,550
248,600
2,263
1,654
12.76

10.25
8.94
29.60
972.94
177.38
$2,608
$24,514
$5,282,523

9.69
8.90
21.62
900.99
177.39
$3,805
$26,745
$6,865,586

4.56
74.75
38.18
76.16
55.69
$32.92
$19.75
$48.20

6.70
102.84
55.81
102.88
75.23
$44.47
$26.69
$65.11

* Item Costs are in cents unless a $ is shown. Also, Item Costs include direct and net indirect expenses.


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Federal Reserve Bank of St. Louis

48

Savings Deposit - Item Costs

68 Institutions
Assets up to $150 M

Activity
Deposit-Electronic

Direct Expense

$174

Net
Indirect Expense
$49

Total Expense

$224

Deposit-Nonelectronic

$10,148

Withdrawal-Electronic

$1,184

$316

$1,500

Withdrawal-Non Electronic

$9,156

$2,428

$11,584

Transit Check Deposited

$28,302

$8,741

$37,043

Account Opened

$10,732

$3,356

$14,088

Account Closed

$6,036

$1,812

$7,848

$84,479

$25,985

$110,464

$150,212

$45,645

$195;858

Account Maintenance
Total

Activity
Deposit-Electronic

Direct
Item Cost*

3.44
56.03
28.66
57.29
41.89
$24.76
$14.86
$36.26

Deposit-Nonelectronic
Withdrawal-Electronic
Withdrawal-Non Electronic
Transit Check Deposited
Account Opened
Account Closed
Account Maintenance-Annual

$2,958

$13,106

Net Indirect

Total

Item Cost*

Item Cost*

1.12
18.72
9.51
18.87
13.80
$8.16

4.56
74.75
38.18
76.16
55.69
$32.92

$4.89

$19.75

$11.94

$48.20

22 Institutions
Assets > $150 M

Activity
Deposit-Electronic

Deposit-Nonelectronic

Direct Expense
$474

$59,879

Net
Indirect Expense
$147

$18,568

Total Expense

$621
$78,448

$4,263

$1,190

$5,453

Withdrawal-Non Electronic

$51,093

$15,553

$66,645

Transit Check Deposited

$113,662

$32,335

$145,998

$63,859

$18,976

$82,835

$31,849
$497,139
$822,219

$8,921
$146,200
$241,890

$40,771
$643,339
$1,064,109

Withdrawal-Electronic

Account Opened
Account Closed
Account Maintenance
Total

Activity
Deposit-Electronic

Deposit-Nonelectronic
Withdrawal-Electronic
Withdrawal-Non Electronic
Transit Check Deposited
Account Opened
Account Closed
Account Maintenance-Annual

Direct
Item Cost*
5.12
78.68
42.75
78.71
57.55
$34.02
$20.41
$49.81

* Item Costs are in cents unless a $ is shown.


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Federal Reserve Bank of St. Louis

49

Net Indirect

Total

Item Cost*

Item Cost*

1.57
24.16
13.05
24.17
17.67
$10.45

6.70
102.84
55.81
102.88
75.23
$44.47

$6.27

$26.69

$15.30

$65.11

Time Deposit Summary

TIME DEPOSITS
The time deposits product line includes retirement accounts, certificates of deposit (CDs), interest bearing
escrow accounts, and all other time deposit products. The expenses graphed below are shown before
transfer pricing .

Time Deposit Net Income
(Before Transfer Pricing)

(1)

§

°g

0
~

0.00%-----1.00% ---------- - -2.00% -1-------1
-3.00% ----- -4.00% -1-------1
-5.00% -1-------1
-6.00%
-7 .00% --1---- ------Assets->$1-58M- - ---t
-8.00% _.___ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ___.
- - I - - -- - ~

Time Deposits - Nonlnterest Expense/ Total Expense
10.00% - - , - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 8.00%

-1 -- - ~

6.00%
4.00%
2.00%
0.00% - - - - -


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

Assets >$150M

Assets<= $150M

50

Time Deposit Summary
Dollars

Credit for Funding (CFF)
-Interest Expense
Net Interest Income

70 Institutions

22 Institutions

Assets up to $150 M

Assets> $150 M

$2,435,014
$1,821,878
$613,137

$12,736,512
$10,313,929
$2,422,583

$1 ,017
$4,370
$5,457

$654
$9,723
~
$10,3TT

$618,594

$2,432,960

+Nonlnterest Income
Service Charges
Penalty Fees
Other
Total Nonlnterest Income

iZQ

Net Income Before Nonlnterest Expense

-Nonlnterest Expenses
Direct Expenses
Salary
Fringe Benefits
Personnel Expense

$48,052
$12,551
$60,603

$221,445
$63,367
$284,811

$811
$12,259
$7,616
$1,988
$12,219
$7,578

$1,887
$64,618
$33,864
$10,592
$66,288
$39,655

All Other Direct Expenses
Total Direct Expenses

$17,797
$120,871

$126,586
$628,301

Net Indirect Expenses
Charge for Portfolio Operations (CPO)

$34,487
$343,303

Total Nonlnterest Expense

$498,661

$175,435
$1,431.050
$2,234,786

$119,933

$198,175

($1,971,TT8)

($11,107,287)

Vendor Data Processing
Furniture & Equipment
Printing, Postage, & Freight
Telephone & Electronic Access
Occupancy
FDIC Insurance

Net Income

Memo: Net Income Before CFF and CPO

Composition of Nonlnterest Expenses
Assets > $150 M

Assets up to $150 M

II Personnel

II Personnel

:

■ Other Direct

■ Other Direct

I

o Net Indirect

□

I

Net Indirect I

43%

Personnel Expense
Other Direct Expenses

$60,603
$60,268

Net Indirect Expenses
Total

$34,487
$155,357


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Federal Reserve Bank of St. Louis

Personnel Expense
Other Direct Expenses
Net Indirect Expenses
Total

51

$284,811
$343,489
$175,435
$803,735

Time Deposit Summary
Percent of Time Deposit $ Volume

70 Institutions

22 Institutions

Assets u~ to f150 M

Assets > f 150 M

$32,961,281
2,058

$ VOLUME OF TIME DEPOSITS
Average Number of Accounts

Credit for Funding (CFF)
-Interest Expense

7.39%
5.53%
1.86%

Net Interest Income

$181,198,469
10,417

7.03%
5.69%
1.34%

+Nonlnterest Income
Service Charges

0.00%

0.00%
0.01%
0.00%
0.02%

0.01%
0.00%
0.01%

1.88%

1.34%

0.15%
0.04%
0.18%

0.12%
0.03%
0.16%

FDIC Insurance
All Other Direct Expenses
Total Direct Expenses

0.00%
0.04%
0.02%
0.01%
0.04%
0.02%
0.05%
0.37%

0.00%
0.04%
0.02%
0.01%
0.04%
0.02%
0.07%
0.35%

Net Indirect Expenses
Charge for Portfolio Operations (CPO)

0.10%
1.04%

0.10%
0.79%

Total Nonlnterest Expense

1.51%

1.23%

0.36%

0.11%

(5.98%)

(6.13%)

Penalty Fees
Other
Total Nonlnterest Income
Net Income Before Nonlnterest Expense

-Nonlnterest Expenses
Direct Expenses
Salary
Fringe Benefits
Personnel Expense
V_
endor Data Processing
Furniture & Equipment
Printing, Postage, & Freight
Telephone & Electronic Access
Occupancy

Net Income

Memo: Net Income Before CFF and CPO

Pre-Tax Ratios

Nonlnterest Income/Total Direct Expenses

4.51%

1.65%

Personnel Expense/Total Direct Expenses

50.14%

45.33%

Net Indirect Expenses/Total Direct Expenses

28.53%

27.92%


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

52

Time Deposits Information

$ VOLUME OF TIME DEPOSITS
Average Number of Accounts
Average Account $ Volume

70 Institutions

22 Institutions

Assets up to $150 M

Assets > $150 M

$32,961,281
2,058
$19,177

$181,198,469
10,417
$19,197

388
1,215

1,630
13,524

74
895
592
565
2.03

603
4,384
2,876
3,134
9.27

0.78
0.47
1,013.34
291.31
$2,687
$29,837
$16,227,948

1.45
0.48
1,123.17
310.07
$1,119
$30,709
$19,537,181

# 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
Account Opened/FTE Personnel
Nonlnterest lncome/FTE Personnel
Personnel Expense/FTE Personnel
Average $ Volume/FTE Personnel

Item Costs•
Deposits-Electronic
Deposits-Non Electronic
Withdrawals-Electronic
Withdrawals-NonElectronic
Account Opened
Account Closed
Account Maintenance-Annual

122.62

194.70

3,764.21

4,940.13

444.80

766.99

1,930.69

2,303.62

$80.93

$90.30

$47.35

$52.83

$27.79

$31.01

* 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

53

Time Deposit - Item Costs

70 Institutions
Assets up to $150 M

Activity
Deposit-Electronic

Deposit-Nonelectronic
Withdrawal-Electronic
Withdrawal-Non Electronic
Account Opened
Account Closed
Account Maintenance
Total

Activity
Deposit-Electronic

Deposit-Nonelectronic
Withdrawal-Electronic
Withdrawal-NonElectronic
Account Opened
Account Closed
Account Maintenance-Annual

Direct Expense

$533
$23,006
$298
$9,269
$31,916
$17,656
$38,192
$120,871

Direct
Item Cost*

94.24
2,938.54
340.49
1,508.55
$63.20
$36.98
$21.70

Net
Indirect Expense

$207
$7,001
$94
$2,685
$9,120
$4,980
$10,401
$34,487

Total Expense

$740
$30,007
$392
$11,954
$41,036
$22,636
$48,592
$155,357

Net Indirect

Total

Item Cost*
28.38
825.67
104.31
422.14
$17.73
$10.37
$6.09

Item Cost*

122.62
3,764.21
444.80
1,930.69
$80.93
$47.35
$27.79

22 Institutions
Assets > $150 M

Activity
Deposit-Electronic

Deposit-Nonelectronic
Withdrawal-Electronic
Withdrawal-Non Electronic
Account Opened
Account Closed
Account Maintenance
Total

Activity
Deposit-Electronic

Deposit-Nonelectronic
Withdrawal-Electronic
Withdrawal-NonElectronic
Account Opened
Account Closed
Account Maintenance-Annual

Direct Expense

$953
$145,245
$2,370
$44,761
$153,931
$87,072
$193,969
$628,301

Direct
Item Cost*

151.58
3,797.85
584.11
1,770.96
$69.42
$40.62
$23.84

• Item Costs are in cents unless a $ is shown.


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

54

Net
Indirect Expense
$266
$40,641
$590
$11,141
$44,028
$23,747
$55,024
$175,435

Total Expense

$1,219
$185,885
$2,960
$55,901
$197,959
$110,818
$248,993
$803,735

Net Indirect

Total

Item Cost*
43.12
1,142.29
182.88
532.65
$20.88
$12.22
$7.17

Item Cost*

194.70
4,940.13
766.99
2,303.62
$90.30
$52.83
$31.01

Borrowings & Other Liabilities Summary

BORROWINGS & OTHER LIABILITIES
Borrowings and other liabilities includes accounts payable, capital notes and debentures outstanding, 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 expenses graphed below
are shown before transfer pricing.

Borrowings & Other Liabilities Net Income
(Before Transfer Pricing)
0.00%

e

-2.00%

:::s

°g
....0

-4.00%

-;fl.

-6.00%

Assets >$150M

Assets<= $150M
-8.00%

Borrowings & Other Liabilities - Nonlnterest Expense /
Total Expense
20.00% - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 15.00%
10.00% - - - 5.00% - - - 0.00% - - - - -


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

Assets<= $150M

Assets >$150M

55


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Federal Reserve Bank of St. Louis

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56

Borrowings & Other Liabilities Summary
Dollars
69 Institutions
Assets up to $150 M
$ VOLUME OF OUTSTANDINGS

$2,515,767

22 Institutions
Assets > $150 M

$34,135,597

$186,603
$124,189
$62,414

$2,468,594
$1,822,624
$645,970

$11,872
$3,926
$15,798

$30,837
$8,340
$39,177

Vendor Data Processing
Furniture & Equipment
Printing, Postage, & Freight
Telephone & Electronic Access
Occupancy
All Other Direct Expenses
Total Direct Expenses

$3,481
$1,377
$827
$221
$1,264
$2,621
$25,588

$3,180
$4,340
$1,886
$667
$4,116
$9,504
$62,871

Net Indirect Expenses
Charge for Portfolio Operations (CPO)
Total Nonlnterest Expense

$3,599
$24.787

$11,442
$?87.399

$53,974

$361,712

$8,440

$284,258

($153,376)

($1,896,937)

Credit for Funding (CFF)
-Interest Expense
Net Interest Income

-Nonlnterest Expenses
Direct Expenses
Salary
Fringe Benefits
Personnel Expense

Net Income

Memo: Net Income Before CFF and CPO

Composition of Nonlnterest Expenses
Assets > $150 M

Assets up to $150 M

12%

15%
B Personnel
■

54°/o

Personnel Expense
Other Direct Expenses
Net Indirect Expenses
Total


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

Ill Personnel
■

Other Direct i

c Net Indirect

Other Direct

~ ~ Net Indirect
3

I

$15,798
$9,790

Personnel Expense
Other Direct Expenses
Net Indirect Expenses
Total

$3.599
$29,187

57

1

$39,177
$23,694
$11,442
$74,313

Borrowings & Other Liabilities Summary
Percent of Borrowings and Other Liabilities $ Volume
69 Institutions
Assets up to $150 M
$ VOLUME OF OUTSTANDINGS

$2,515,767

Credit for Funding (CFF)
-Interest Expense

7.42%
4.94%
2.48%

Net Interest Income

22 Institutions
Assets > $150 M

$34, 135,597

7.23%
5.34%
1.89%

-Nonlnterest Expenses
Direct Expenses
Salary
Fringe Benefits
Personnel Expense
Vendor Data Processing
Furniture & Equipment
Printing, Postage, & Freight
Telephone & Electronic Access
Occupancy
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

0.47%
0.16%
0.63%

0.09%
0.02%
0.11%

0.14%

0.05%
0.03%
0.01%
0.05%
0.10%
1.02%

0.01%
0.01%
0.01%
0.00%
0.01%
0.03%
0.18%

0.14%
0.99%

0.03%
0.84%

2.15%

1.06%

0.34%

0.83%

(6.10%)

(5.56%)

Pre-Tax Ratios

Personnel Expense/Total Direct Expenses

61.74%

62.31%

Net Indirect Expenses/Total Direct Expenses

14.07%

18.20%

0.23

0.64

Borrowings and Other Liabilities FTE Personnel


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

58

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.

Tn.51: Servias- Qrnrissia, &Fee 11 m, e / Pa:x:ut

~~-----------------------$ 2 , ~ --

$1,~

- - - - - - - - --

-l - - - - - - - - 1

EhpBreit


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

Tnst

EhpBreit
lgDJ

,.IClhr

R:m:aa
Tnst

-~¢$1SJVI

59

□ ~>$1SIVI

I


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Federal Reserve Bank of St. Louis

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60

Trust Summary
Dollars

26 Institutions
Assets up to $150 M
Market Value of Trust Assets
Average Number of Accounts

16 Institutions
Assets > $150 M

$32,439,005
153

$181 ,221 ,731
432

$97,691
$38
$97,920

$716,786
$4,780
$17.459
$739,025

$60,695
$15,229
$75,924

$327,817
$95.449
$423,266

$3,063
$10,157
$6,207
$1 ,616
$9,696
$17,338
$124,001

$34,925
$60,172
$29,816
$8,727
$52,862
$127,231
$736,999

$26,396
$150,398

$156,822
$893,821

($52,478)

($154,797)

$74,677

$406,682

+ Nonlnterest Income
Commission & Fee Income
Corporate Trust Income
Other Fiduciary Income Net of Losses

lli.1

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
All Other Direct Expenses
Total Direct Expenses

Net Indirect Expenses
Total Nonlnterest Expense

Net Income

Memo: Gross Trust Income - 5 Year Average

Composition of Nonlnterest Expenses
Assets> $150 M

Assets up to $150 M

I im Personnel I
•
50% 1
■ Other Direct I

, u Net Indirect

Personnel Expense
Other Direct Expenses
Net Indirect Expenses
Total


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

47o/~ mPersonnel /
I ■ Other Direct ,

1

; 2 Net Indirect :

Personnel Expense
Other Direct Expenses
Net Indirect Expenses
Total

$75,924
$48,077
$26,396
$150,398

61

$423,266
$313,733
$156,822
$893,821

Trust Information

Number of Accounts
Employee Benefit Trust
Employee Benefit Agencies
Personal Trusts
Estates
All Other Agencies
Total
Discretionary Trust Assets
Employee Benefit Trust
Employee Benefit Agencies
Personal Trusts
Estates
All Other Agencies
Total Discretionary Trust Assets

Non-Discretionary Trust Assets
Employee Benefit Trusts
Employee Benefit Agencies
Personal Trusts
Estates
All Other Agencies
Total Non-Discretionary Trust Assets

Commission & Fee Income
Employee Benefit Trusts
Employee Benefit Agencies
Personal Trusts
Estates
All Other Agencies
Total Commission & Fee Income

Productivity Measures
Average Number Accounts/FTE Personnel
Nonlnterest lncome/FTE Personnel
Personnel Expense/FTE Personnel

Trust FTE Personnel


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

62

26 Institutions

16 Institutions

Assets up to $150 M

Assets > $150 M

21
55
49
3
25
153

78
27
138
13
177
432

$120,498
$2,344,115
$7,494,710
$542,314
$3,363,050
$13,864,687

$16,305,407
$6,190,114
$53,631,781
$4,109,634
$29,299,281
$109,536,216

$1,734,125
$2,852,065
$7,942,172
$11,173
$6,034.783
$18,574,318

$3,413,388
$25,817,715
$1,546,943
$0
$40,907,470
$71,685,515

$2,939
$13,166
$40,996
$7,725
$32,864
$97,691

$96,380
$20,296
$336,530
$46,927
$216,654
$716,786

88.25
$56,350.77
$43,692.49

53.79
$92,025.78
$52,706.54

1.74

8.03

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
$20 - - - - - - - - - - - - - - - - - - - - - - - - - $15 --

- - - - - - - - - - - - - -- -

$10 - - - - $5--t- - - -

$0 - - - - - - - Assets<= $150M

Assets >$150M

Other Services - Percent of Safe Deposit Boxes Rented
70% - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - .
60% ------------ - - 50% -- - - - 40% - + - - -- - 30%
20% - - - 10%

- t - - -- - - - -

0% ---------


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

Assets >$150M

Assets <= $150M

63


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Federal Reserve Bank of St. Louis

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64

Other Services Summary
Dollars

69 Institutions

22 Institutions

Assets up to $150 M

Assets > $150 M

Nonlnterest Income
Data Services for Customers
Merchant Discount
Safe Deposit Box Rental
Other Services
Total Nonlnterest Income

$2,891
$14,405
$13,733
$61,957
$92,986

$70,146
$104,611
$88,010
$256,340
$519,107

$51,699
$12,990
$64,689

$279,969
$77,897
$357,865

Vendor Data Processing
Furniture & Equipment
Printing, Postage, & Freight
Telephone & Electronic Access
Occupancy
All Other Direct Expenses
Total Direct Expenses

$1,615
$11,932
$7,182
$1,995
$11,403
$19,282
$118,097

$18,267
$71,762
$35,067
$11,918
$76,528
$160,788
$732,197

Net Indirect Expenses
Total Nonlnterest Expense

$32,233

$194,117

$150,330

$926,314

($57,344)

($407,206)

-Nonlnterest Expenses
Direct Expenses
Salary
Fringe Benefits
Personnel Expense

Net Income

Composition of Nonlnterest Expenses
Assets > $150 M

Assets up to $150 M

■ Personnel

■

Personnel

■

■

Other Direct

Other Direct

D Net Indirect

=' Net Indirect

Personnel Expense
Other Direct Expenses
Net Indirect Expenses
Total


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

Personnel Expense
Other Direct Expenses
Net Indirect Expenses
Total

$64,689
$53,408
$32,233
$150,330

65

$357,865
$374,331
$194,117
$926,314

I

Other Services Information

Number of Customers
Data Services for Customers
Other Miscellaneous Services

22 Institutions
Assets > $150 M

112
963

Merchant Information
Number of Merchant Applications Received
Average Number of Merchants Serviced
Number of Credit Card Sales Drafts Deposited by Merchants
Total Credit Card Sales Draft Volume
Average Size Sales Draft
Merchant Discount/Sales Draft Volume

7
36
10,506
$1,243,473
$92.38
1.67%

Safe Deposit Box Information
Total Number of Safe Deposit Boxes Available
Average Number of Safe Deposit Boxes Rented
Average Income per Safe Deposit Box Rented

1,078
702
$19.19

Productivity Measures
Nonlnterest lncome/FTE Personnel
Personnel Expense/FTE Personnel

Other Services FTE Personnel


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

69 Institutions
Assets up to $150 M

66

4,549
2,692

16
129
108,553
$10,042,649
$100.73
2.16%

5,684
3,642
$25.11

$68,222
$32,972

$393,198
$31,017

1.98

10.88

General Cost Center Information

GENERAL COST CENTER
Institutions report their expenses for overhead operations in the General Cost Center. These expenses, net
of any income earned by the areas in the General Cost Center, are allocated to the product lines based upon
the ratios of staff per product line. Expenses reported in the General Cost Center include the salaries and
fringe benefits of senior management, legal and professional fees, and salaries and expenses associated with
accounting, marketing, bookkeeping, human resources, facilities management, proof and transit operations,
electronic banking delivery systems, ATMs, and data processing .

General Cost Center - Personnel Expense/ Total Expense
80% - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 70%
60% - + - - - - - 50% - - - - - 40% - + - - - - 30%
20% .....-.-----10% - - - - - .0 % - - - - - -

Assets<= $150M

Assets >$1 SOM

General Cost Center - Income/ Expense
20.00% - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - ,
15.00%
10.()0%
5.00%
0.00°/o

..J...-----


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

Assets >$150M

Assets <= $1 SOM

67


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Federal Reserve Bank of St. Louis

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68

General Cost Center Information

70 Institutions

22 Institutions

Assets up to $150 M

Assets> $150 M

Salary
Fringe Benefits
Personnel Expense

$245,700
$62,126
$307,827

$1 ,415,864
$387.435
$1,803,299

All Other Expenses*
Total Expense

$206,773
$514,599

$745,649
$2,548,948

-Income
Net Expense•

$56,304
$459,904

$306,340
$2,242,608

Distribution of General Cost Center Net Expense**
Percent of Net Indirect Expenses

1.79%
11.92%
10.69%
14.50%
32.64%
10.03%
7.76%
1.11%
5.32%
8.12%
100.00%

Investments
Real Estate Loans
Installment Loans
Commercial Loans
Demand Deposits
Savings Deposits
Time Deposits
Borrowings & Other Liabilities
Trust
Other Services
Total

7.52

General Cost Center FTE Personnel

*All Other Expenses include Professional Fees (Legal & Other)
**General Cost Center Net Expense shown for each product as "Net Indirect Expenses".


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

69

0.90%
13.93%
10.67%
9.48%
33.31%
10.80%
7.50%
0.67%
6.54%
8.90%
100.00%

43.51


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Federal Reserve Bank of St. Louis

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70

1997 PARTICIPATING BANKS & THRIFTS IN THE CENTRAL STATES
WITH PRODUCT-LINE COMPARISONS
INSTITUTION NAME

CITY

STATE

FIRST NATIONAL BANK IN BL YTHEV

BLYTHEVILLE

AR

COMMERCIAL NATIONAL BANK

TEXARKANA

AR

FIRST NATIONAL JOHNSTOWN

JOHNSTOWN

co

FIRST NATIONAL BANK

STRATTON

co

IOWA STATE BANK

ALGONA

IA

FIRST STATE BANK

BELMOND

IA

BLENCOE STATE BANK

BLENCOE

IA

CARROLL COUNTY STATE BANK

CARROLL

IA

OKEY VERNON 1ST NATIONAL BANK

CORNING

IA

CRESCO UNION SAVINGS BANK

CRESCO

IA

IOWA STATE BANK

DES MOINES

IA

GRUNDY NATIONAL BANK

GRUNDY CENTER

IA

HOME STATE BANK

JEFFERSON

IA

COMMUNITY FIRST BANK

KEOSAUQUA

IA

KERNDT BROTHERS SAVINGS BANK

LANSING

IA

SECURITY BANK

MARSHALLTOWN

IA

SECURITY BANK JASPER-POWESHIEK

MARSHALLTOWN

IA

STORY COUNTY BANK & TRUST

MARSHALLTOWN

IA

CENTRAL STATE BANK

MUSCATINE

IA

CITIZENS STATE BANK

SHELDON

IA

TEMPLETON SAVINGS BANK

TEMPLETON

IA

WASHINGTON FEDERAL SVINGS BANK

WASHINGTON

IA

FIRST NATL BANK- EMPL OWNED

ANTIOCH

IL


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

INSTITUTION NAME

CITY

STATE

FIRST NATL BANK OF BEARDSTOWN

BEARDSTOWN

IL

PRAIRIE BANK & TRUST

BRIDGEVIEW

IL

FIRST NATIONAL BANK AND TRUST

CARBONDALE

IL

ALBANY BANK & TRUST CO.,N.A.

CHICAGO

IL

DEVON BANK

CHICAGO

IL

SOUTH SHORE BANK OF CHICAGO

CHICAGO

IL

THE JOHN WARNER BANK

CLINTON

IL

SOY CAPITAL BANK & TRUST CO

DECATUR

IL

CARDUNAL SAVINGS BANK, FSB

DUNDEE

IL

NATIONAL BANK OF EARLVILLE

EARLVILLE

IL

FRIST NATL BK OF EVERGREEN PK

EVERGREEN PARK

IL

FISHER NATIONAL BANK

FISHER

IL

UNION SAVINGS BANK

FREEPORT

IL

STATE BANK OF HERSCHER

HERSCHER

IL

QUAD CITY BANK & TRUST COMPANY

MOLINE

IL

GRUNDY COUNTY NATIONAL BANK

MORRIS

IL

MORRIS BUILDING AND LOAN, S.B.

MORRIS

IL

FNB OF MORTON GROVE

MORTON GROVE

IL

FINANCIAL FEDERAL TRUST & SB

OLYMPIA FIELDS

IL

FIRST NATIONAL BANK OF OTTAWA

OTTAWA

IL

NORTHWEST BANK OF ROCKFORD

ROCKFORD

IL

NATIONAL BANK & TRUST COMPANY

SYCAMORE

IL

AUBURN BANK

AUBURN

IN

COMMUNITY STATE BANK

AVILLA

IN

FARMERS & MECHANICS FEDS & L

BLOOMFIELD

IN


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

INSTITUTION NAME

CITY

STATE

HENDRICKS COUNTY BANK AND TRUS

BROWNSBURG

IN

HOLLAND NATIONAL BANK

HOLLAND

IN

WAYNE BANK & TR., RICHMOND, IN

RICHMOND

IN

WEST END SAVINGS BANK

RICHMOND

IN

TERRE HAUTE FIRST NATL BANK

TERRE HAUTE

IN

STATE BANK OF BURRTON

BURRTON

KS

EMPRISE BANK N.A.

HAYS

KS

IOLA BANK AND TRUST COMPANY

IOLA

KS

MONTEZUMA STATE BANK

MONTEZUMA

KS

THE ROXBURY BANK

ROXBURY

KS

FIRST NATIONAL BANK & TRUST

ST. JOHN

KS

FIRST NATIONAL BANK, SYRACUSE

SYRACUSE

KS

FIRST CITIZENS BANK

ELIZABETHTOWN

KY

SOUTHERN DEPOSIT BANK

RUSSELLVILLE

KY

HODGEBANK&TRUSTCOMPANY

HODGE

LA

EXCHANGE BANK & TRUST COMPANY

NATCHITOCHES

LA

COMMUNITY TRUST BANK

RUSTON

LA

FIDELITY BANK

BIRMINGHAM

Ml

FIRST NATIONAL BANK OF MICH

EAST LANSING

Ml

CHARTER BANK

WYANDOTTE

Ml

ATWATER STATE BANK

ATWATER

MN

FIRST NATIONAL BANK ELK RIVER

ELK RIVER

MN

STATE BANK OF KIMBALL

KIMBALL

MN

FIRST COMMUNITY BANK

LESTER PRAIRIE

MN

EASTWOOD BANK

ROCHESTER

MN


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

INSTITUTION NAME

CITY

STATE

FIRST STATE BANK OF PURDY

MONETT

MO

EMPIRE BANK

SPRINGFIELD

MO

BANK CENTER FIRST

BISMARCK

ND

FIRST WESTERN BANK, N.A.

ATKINSON

NE

COLUMBUS BANK & TRUST COMPANY

COLUMBUS

NE

SECURITY NATIONAL BANK

LAUREL

NE

OMAHA STATE BANK

OMAHA

NE

FIRST NATIONAL BANK OF BETHANY

BETHANY

OK

SPIRITBANK, NA

BRISTOW

OK

FIRST AMERICAN BANK AND TRUST

PURCELL

OK

HARTLAND BANK

AUSTIN

TX

FIRST STATE BANK

CLUTE

TX

FIRST SECURITY STATE BANK

CRANFILLS GAP

TX

FIRST NATIONAL BANK BELLAIRE

HOUSTON

TX

NAVIGATION BANK

HOUSTON

TX

FIRST STATE BANK

MINERAL WELLS

TX

FIRST NATIONAL BANK

PORT LAVACA

TX

WEST TEXAS STA TE BANK

SNYDER

TX

TEXAS NATIONAL BANK

SWEETWATER

TX

HORIZON CAPITAL BANK

WEBSTER

TX

COMMUNITY FIRST BANK

BOSCOBEL

WI

THE PARK BANK

MADISON

WI

FIRST NATIONAL BANK FOX VALLEY

MENASHA

WI

BANK OF WISCONSIN DELLS

WISCONSIN DELLS

WI

FIRST NATIONAL BANK OF WYOMING

LARAMIE

WY


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

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