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Federal Reserve Bank of St. Louis
X{
--
MSEMCH , ~IIAIIY
3
OEC O2 1999
f'WMAL MtlllWE MNK
OF MINNEAPOLIS
1998 Commercial Ban~i
Product Comparimm
FUNCTIONAL COS AND PROFIT ANALYSIS
Net
Indirect
Expense
Direct
Expense
348
22,369
4,104
26,054
1795
32,581
7,282
226,096
$
Withdrawal-Nonelectronic
Account Closed
$
174
14,336
1,585
15,140
1,056
20,351
4,459
134,355
Total
Expense
$
522
36,705
5,689
41,194
2,851
52,932
11,741
360.451
.
-
Centrn I ~ tatei
Re~ional Avern~e Report
Based on data furnished by
participating banks and thrifts
1998
Commercial Bank
CENTRAL STATES
REGIONAL AVERAGE REPORT
Product Comparisons
Functional Cost & Profit Analysis (FCA)
Jointly copyrighted ® 1999 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, Illinois,
Indiana, Iowa, Kansas, Louisiana, Michigan, Minnesota, Missouri, Mississippi, Nebraska, Oklahoma and
Wisconsin.
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Federal Reserve Bank of St. Louis
Central States Regional Average Report, Product Comparisons
~ommercial Banks, Savings Banks, and Savings and Loan Associations
TABLE OF CONTENTS
Introduction ........................................................................................................................... i
Definition of Terms .............................................................................................................. ii
Loan Break-Even Formula ...................................................................................................v
Allocation of Non-Interest Expenses ................................................................................. vii
Report Organization ............................................................................................................ ix
OVERVIEW
Key Performance Indicators ................................................................................................ 1
Interest Rates ......................................................................................................................2
Balance Sheet .....................................................................................................................3
lncome .................................................................................................................................4
Expense ...............................................................................................................................?
Cost Centers ........................................................................................................................9
Key Performance Graphs .................................................................................................. 10
LOANS AND INVESTMENTS
Investments .......................................................................................................................15
Real Estate Loans Summary .............................................................................................21
1-4 Family Mortgages ........................................................................................... 24
Construction & Land Development Loans ............................................................ 33
Commercial and Other Real Estate Loans ........................................................... 39
Home Equity Loans ..............................................................................................49
Installment Loans Summary .............................................................................................. 55
Automobile Loans .................................................................................................58
Student (SLMA) Loans (Insufficient Data) ............................................................67
Other Consumer Loans ........................................................................................73
Commercial Installment Loans .............................................................................79
Credit Card Loans ................................................................................................. 89
Commercial Loans Summary ............................................................................................ 95
Commercial & Industrial Loans .............................................................................98
Agricultural Loans ............................................................................ ................... 103
Small Business Administration (SBA) Loans ...................................................... 109
Other Commercial Loans .................................................................................... 119
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DEPOSITS AND OTHER LIABILITIES
Demand Deposits Summary ............................................................................................ 125
Non-Interest Bearing Checking Accounts .......................................................... 128
Non-Interest Bearing Checking Account Size Analysis (optional) ...................... 135
Interest Bearing Checking Accounts .................................................................. 136
Interest Bearing Checking Account Size Analysis (optional) ............................. 143
Savings Deposits Summary ........................ ,................................................................... 145
Regular Savings Accounts ................................................................................. 148
Regular Savings Account Size Analysis (optional) ............................................. 154
Money Market Deposit Accounts (MMDAs) ....................................................... 155
MMDA Size Analysis (optional) .......................................................................... 162
Time Deposits Summary ................................................................................................. 163
Retirement Accounts .......................................................................................... 166
Other Time Deposit Accounts ............................................................................. 172
Certificates of Deposit (CDs) Under $100,000 ................................................... 177
CDs $100,000 and Over ..................................................................................... 183
Borrowings and Other Liabilities ...................................................................................... 189
OTHER FUNCTIONS
Trust Services .................................................................................................................. 193
Other Services ... ...................................................................... ....... .. ............................... 197
COST CENTER SUMMARIES AND DISTRIBUTIONS
EFT / ACH Cost Center ...................................................................................................201
ATM Cost Center .............................................................................................................204
Facilities Management Cost Center ................................................................................207
Human Resources Cost Center .......................................................................................210
Proof & Transit Cost Center ............................................................................................212
Data Processing Cost Center .......................................................................................... 214
General & Administrative Cost Center .............................................................................216
LIST OF PARTICIPATING INSTITUTIONS······································································
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Appendix
INTRODUCTION
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:
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.
For overall performance, group averages of
banks and thrifts with similar dollar volumes of
earning assets; and
•
For product comparisons, group averages of
banks and thrifts with similar product dollar
volumes and similar ratios of transaction
activity.
Financial institutions that participate two
successive years receive line-by-line comparisons
to their prior year analysis. Additionally, every
FCA participant also receives this booklet, which
most participants use to supplement the group
averages in their own report.
Cost accounting for financial institutions is not an
exact science.
Because of differences in
methodologies and automation, it can be very
difficult to compare with confidence one
institution's costs with those of another, and at
times impractical even to compare year-to-year
results within an individual institution.
By
presenting a standard approach, FCA helps ease
this problem.
Please note: averaging throughout this 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%.
Prior to the development of FCA, there was no
simplified, uniform system of cost accounting for
financial institutions that would require only
minimal data collection and would distribute as
many unallocated expenses as possible. FCA
addresses this need, and provides participants
with: (1) reasonable approximations of product
and product-line costs, (2) year-to-year
comparisons, and (3) comparisons with group
averages for similar institutions.
Beginning with this 1998 data year, the method
of funds transfer pricing has been changed in
the FCA Central States Regional Average
Reports. The "cost of funds" that is charged to
the assets is equal to the interest expense of
the liabilities that funded the assets, and the
"credit for funding" that is credited to the
liabilities is equal to their interest expense.
Prior to this year the liability products received
a credit for funding that was based upon the net
income of the assets, and both assets and
liabilities were charged an additional transfer
expense for the net operating costs of their
balance-sheet counterparts.
Institutions that choose to participate in the FCA
program may submit detailed data regarding
activities and expenses at the product level, or
more aggregated data at the product-line level.
The information presented in this booklet was
derived from commercial banks and thrift
institutions that supplied product-level data, which
is why this report is subtitled Product
Comparisons.
The companion booklet,
Commercial Bank Central States Regional
Average Report, Product-Line Comparisons,
presents a more condensed examination of
banking costs and income. That information was
supplied by banks and thrifts providing data at the
product-line level.
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•
If you compare this year's report to the 1997
FCA Central States Regional Average (RAV)
Reports, please bear in mind that this change in
methodology could have a large impact on the
presentation of the products' post-transfer
pricing profitability.
-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.
Net Income Per Product
The net income figures for each asset and liability
product and product-line are shown before income
taxes and after funds transfer pricing, and include
all direct and indirect expenses. The total net
incomes of the institutions in this report (as
presented in the Executive Summary and
Overview sections) are equal to the sum of the net
incomes of the investment function, asset
products, liability products, borrowings function,
trust services, and other services, less the cost of
funds applied to the non-earning assets.
Cash-based Accounting
FCA uses a predominantly cash-based type of
accounting, rather than accrual-based accounting,
in order to assign full costs and income to banking
transactions and products. Under FCA's cash
basis of accounting, revenues are reported in the
period in which cash is received, and expenses
(except depreciation) are reported in the period in
which cash is paid. Collecting the data in this
manner allows FCA to calculate the average cost
per banking transaction, such as the cost to make
a loan, based upon the dollars received and spent
at the time of the transaction.
Cost and
profitab'ility calculations of these type could be
very inaccurate if they were based upon data
collected under accrual accounting, which can
defer a significant amount of income and expense
into the future.
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.
Therefore, please note that the FCA financial
ratios will differ from the classic financial ratios
due to this exclusion of income taxes.
Tax Adjustment for Tax-exempt Income
To achieve comparability of income before taxes
for different banks, it is necessary to allow for the
fact that a dollar of tax-exempt income is worth
more than a dollar of taxable income. Tax-exempt
income is adjusted to a taxable basis by adding
the tax savings to the amount of tax-exempt
income.
Allowance for Loan Loss (ALL) Accounts
FCA reports the ALL accounts under Equity
Capital with the other reserves and undivided
earnings (consistent with the regulatory definition
of the ALL as part of primary capital). Normally
netted from the loan balances as contra-assets,
these accounts remain with the other primary
capital accounts in order to provide loan interest
rates based upon the unadjusted loan balances.
A bank's federal tax liability is calculated by
applying current year tax rates to current earnings.
To convert tax-exempt income to a taxable basis,
we assume a 34 percent tax rate on bank profits
for 1998. The factor .51515 (.34/ .66) is multiplied
by the tax-exempt income to arrive at a tax
savings. This amount is added to investment
income to convert all tax-exempt income to a
taxable basis and provide pre-income tax earnings
comparability. The investment income shown on
Page 5 and throughout the rest of this report has
been adjusted by adding the tax savings.
Loan Loss Expense
Consistent with a cash-basis of accounting, FCA
uses the loan charge-offs (net of recoveries) as
the loan loss expense, rather than the provision
for loan losses. The provisions for loan losses,
which are made to increase the ALL accounts, are
considered as additions to reserves, rather than
expenses, because the funds to cover the
expected losses are still on the books.
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Peer Group Averaging
The averaging of peer data in this report is
performed on a line-item basis. All of the peers
may not have reported each asset, liability,
income, or expense item; therefore, the sum of a
column of individual percentages for a peer group
may not equal 100%.
- ii -
key activity that requires the least effort within a
product area is assigned a weight of 1.0, and all
other key activities for that product are 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.
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. These are called
the earning assets because, unlike cash, due from
deposits, CIPC, land and building, and other
miscellaneous assets, the loans and investments
earn interest and fee income and are designed to
operate as profit centers.
Relative weights are used as the basis for
assigning a product's expenses to its activities.
Each activity is assigned a percentage of direct
and net indirect product expenses based on its
share of total relative weights. Finally, the total
expense for each activity is divided by the activity
frequency to produce an item-cost figure.
Direct Expenses
Direct expenses are costs that are directly
attributable to the operation of, and activities in, a
bank product or service. For example, the direct
expenses of a non-electronic deposit to an interest
bearing checking account would include the
teller's salary expended in processing the deposit.
Please note that the values of the weights are
disclosed only to FCA Participants.
Funds Transfer Pricing
FCA applies funds transfer pricing to all of the
balance sheet products in order to provide each
one with a profitability analysis. This analysis
involves the transfer of the interest expenses of
the funding products to the assets that utilized the
funds, and a reciprocal credit back to the funding
products.
Net Indirect Expenses
Indirect expenses are costs that are not directly
related to the products or services, but rather, are
incurred in support of those products and services.
For example, the salaries of the personnel that
manage the bank facilities would be an indirect, or
overhead, expense applicable to all products
within the institution. In this report the institutions'
indirect expenses are recorded under seven cost
centers. Then, any income earned by those cost
centers is netted from the cost centers' expenses.
These net indirect expenses are then allocated by
the institutions and/or by FCA to the products and
services.
FCA's Product Comparisons utilizes a dual poolof-funds approach to funds transfer pricing . This
approach assumes that funds are loaned and
invested in assets with similar interest rate
repricing characteristics. FCA collects and pools
balance sheet outstandings by four categories ( 1 )
short-term assets, (2) long-term assets, (3) short term liabilities, and (4) long-term liabilities and
capital. Short-term assets and liabilities are those
with interest components that are expected to
mature, reprice or be withdrawn within one yea r
whereas long-term assets, liabilities and cap,tat
are expected to mature, reprice or be withdrawn ,n
more than a year's time, or have no interest rate
component.
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.
In the FCA Product Comparisons cost accounting
model, short-term assets are assumed to have
been funded by short-term funds and long-term
assets are assumed to have been funded by long term funds. However, short (or long) term funds
rarely equal short (or long) term assets. That Is.
there is usually a funding gap (or interest-rate
sensitivity gap). FCA allocates this gap, and the
accompanying interest expense, to the assets
based upon the percent that they are funded by
the gap.
Item Costs
The loan and deposit product analyses in this
report present the calculation of the costs of
various activities involved in those products. Each
key activity undertaken within a product is
assigned a weight that is used to derive the costs
associated with that activity.
The weights,
developed through field studies at financial
institutions, are measures of the relative amount of
resources used to complete the activities. The
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- iii -
FCA collects the short-term and long-term interest
expense for each liability product into two pools
(hence the "dual pool-of-funds") in order to charge
the asset products for the interest expense of the
funds they used (i.e., Cost of Funds, or COF) and
credit the funding products for the assets they
funded (i.e., Credit for Funding, or CFF). FCA
then calculates the COF for each asset product
based on the average rates of the short and longterm interest expense pools and amount of short
and long-term funds assigned to the assets. The
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CFF is equal to the interest expense of each
liability product.
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 and product-line
income statements shows the actual profitability
without the transfer charges.
- iv -
LOAN BREAK-EVEN FORMULA
FCA participants that submit product-level data receive software that allows them to alter their data and
examine the results using four different models: Customer Profitability, Interest Rate Sensitivity, Contribution
Margin Break-Even, and Loan Break-Even. This booklet provides loan break-even analyses for several loan
types, using the average of the data reported by FCA participants.
FCA's loan break-even formula equates the proceeds of the loan with the costs of making and maintaining
the loan. Costs associated with a loan include: the cost to make a loan, the cost of funds, monthly
maintenance costs, and loan losses (defined in FCA as loan charge-offs, net of recoveries). Revenues
consist of loan payments and any type of up-front fees, penalty fees, service charges, etc.
Note that costs and revenues flow at various points in time, while values may only be compared at the same
point in time. FCA's approach is to equate the initial costs of the loan to the present value of the net cash
flows, or:
Initial Costs= Ca+ L.
The initial loan costs include acquisition costs and the initial cash outlay of the loan amount. Loan acquisition
expenses are assumed to occur prior to making the loan and are treated as current expenses. Therefore,
there is no need to use present value discounting techniques here:
Where;
Ca =
L =
Cost to Make a Loan
Loan Amount
The net cash flow attributable to the loan consists of loan payments, net of the cost to maintain the loan over
the payment period. Here, FCA invokes the cost of funds as the relevant discount rate, adjusted for loan
losses and non-interest income. For the sake of simplicity, non-interest income is assumed to be
compounded over the life of the loan, and is also assumed to be a function of the loan size. Please note that
FCA derives a cost to make a loan and a cost to process a loan payment through using weighted averages
of electronic and non-electronic loan applications and loan payments.
'P-c
Present Value of Future Net Cash Flow="'"'
e
L..J
n=l (]+ l·)"
Where;
i = Cost of Funds+ Loan Loss Rate - Non-interest Income
('i' should be expressed as a rate per payment period},
Cp = Cost to Process a Payment + Monthly Loan Maintenance Cost,
P = Dollar Amount of Loan Payment,
t = Number of Payment Periods Over the Life of the Loan.
n = Base Value (Value at time zero).
Equating initial loan costs to the present value of the future cash flows results in the following:
Ca
+L-~ P-Ce
- L..J
(l + l. )"
n=l
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- V-
Note that the loan payment is the loan amount amortized at the rate of interest charged for the loan:
P=
L
I
j
~(]+ml
Where;
m = Rate of Interest Charged for the Loan.
Substituting into the equation the above expression for P results in the following:
j
I
C
a
+L -
LL (1 + .}n
n= l
I
j
l
L--n=J
I
J
C """ - p ~ (1 + . )"
n=l
l
(1 + m f
Solving this expression for L completes the formula for the break-even loan amount:
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-vi -
ALLOCATION OF NON-INTEREST EXPENSES
Participants are advised to be as precise as possible when allocating staff and expenses. Expenses not
allocated by the banks, savings banks, and savings and loans are distributed by FCA on the basis of cost
drivers developed from the data of recent participants. FCA distributes non-interest expenses across the
products, cost centers and services as follows:
Expense
Salaries:
Allocation Method
Allocated completely by the participant to the products and cost centers.
Fringe Benefits:
Allocated completely by the participant to the products and cost centers.
Net Current Loan Losses:
Allocated completely by the participant to the loan products.
Appraisal Fees:
Allocated completely by the participant to the Real Estate Loan products.
Credit Reports:
Allocated by the participant to the loan product lines; FCA then allocates
this expense to the products based on the percent of applications
received for a product within its product line.
Vendor Data Processing (VDP):
Allocated by the participant either to the product-line or product level.
FCA allocates VDP to the product level based on cost drivers
developed from the data of recent participants.
Furnitu·re & Equipment:
If not fully allocated by the participant, FCA allocates the remaining
expense to the products based on the percent of FTE per product,
excluding the Cost Centers.
Printing, Postage & Freight:
If not fully allocated by the participant, FCA allocates the remaining
expense to the products based on the percent of FTE per product,
excluding the Cost Centers.
Telephone & Electronic Access:
If not fully allocated by the participant, FCA allocates the remaining
expense to the products based on the percent of FTE per product,
excluding the Cost Centers.
Occupancy:
If not fully allocated by the participant, FCA allocates the remaining
expense to the products based on the percent of FTE per product,
excluding the Cost Centers.
Professional Fees:
If not fully allocated by the participant, FCA allocates the remaining
expense to the General & Administrative Cost Center.
All Other Expenses:
If not fully allocated by the participant, FCA allocates the remaining
expense to the products based on the percent of FTE per product,
excluding the Cost Centers.
Credit Card Franchise Fees:
Allocated by FCA to the Credit Card loan product.
Outgoing Interchange:
Allocated by FCA to Other Customer Services, Credit Card Merchant
Services.
Return Items Charge:
Allocated by FCA to the Demand Deposit & Other Transaction Account
products based on the relative percent of total withdrawals for each
product.
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-vii -
Expense
Directors' Fees:
Allocation Method
Allocated by FCA to the General & Administrative Cost Center.
External Exams & Audits:
Allocated by FCA to the General & Administrative Cost Center.
Education & Training:
Allocated by FCA to the Human Resources Cost Center.
Network Expense Fees:
Allocated by FCA to the ATM Cost Center.
FDIC Insurance:
Allocated by FCA to DOA, Savings, and Time Deposit products based
on the percent of outstanding dollar volume reported on the balance
sheet for these products.
Credit Card Fraud Losses:
Allocated by FCA to the Credit Card Loan Product.
Trust Losses:
Allocated by FCA to the Trust Service.
Net Indirect Expense by Cost Center (Allocation by Participants is Optional)
Cost Center
EFT/ACH:
Allocation Method
If not fully allocated by the participant, FCA allocates the remaining net
indirect expense to the products based on the number of non-ATM
electronic transactions. If the participant was unable to report electronic
and non-electronic transactions, FCA derived the number of electronic
transactions.
ATM:
If not fully allocated by the participant, FCA allocates the remaining net
indirect expense to the deposit products based on the number of ATM
transactions.
Facilities Management:
If not fully allocated by the participant, FCA allocates the remaining net
indirect expense to the products and services based on the amount of
Occupancy Expense per product and service, after the allocation of any
unallocated Occupancy expense.
Human Resources:
If not fully allocated by the participant, FCA allocates the remaining net
indirect expense to the products and services based on the percent of
FTE per product and service.
Proof & Transit:
If not fully allocated by the participant, FCA allocates the remaining net
expense to the deposit products based on the total number of deposits
(credits) and withdrawals (debits) reported for each product.
Data Processing:
If not fully allocated by the participant, FCA allocates the remaining net
expense to the products and services based on the percent of total
direct non-interest expense allocated to each product and service.
General & Administrative:
If not fully allocated by the participant, FCA allocates the remaining net
expense to the products and services based on the percent of total
direct non-interest expense allocated to each product and service.
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- viii -
REPORT ORGANIZATION
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.
OVERVIEW
Pages 1 through 15 present an Overview of the
institutions' overall profitability, and includes
analyses of key-performance indicators, interest
rates, the balance sheet, income, expenses, and
cost centers.
Profitability Ratios
These ratios relate to institution profitability, such
as net income to total assets (return on assets)
and the net income to equity capital (return on
equity). The equity capital to total assets ratio
(similar to a leverage ratio) measures the degree
to which the assets are funded by primary capital
(which in FCA includes loan loss reserves).
Funding Ratios
These ratios show the extent to which the loan
portfolio and all earning assets are funded by
deposit accounts, and the degree to which short
and long-term assets are funded by short and
long-term liabilities. This is useful information
when assessing the broad funding structure of an
institution.
The net interest margin and net non-interest
margin are calculated by dividing net interest
income and net non-interest income by the
earning assets. These figures show the return
and relative performance of the interest and noninterest components of income. Please note that
these ijgures are all pre-income tax.
PRODUCT ANALYSES
Pages 16 through the end of the report present
product, product-line, and cost-center analyses
under the categories of investments, real estate
loans, installment loans, commercial loans,
demand deposit accounts, savings deposits, time
deposits, borrowings & other liabilities, trust
services, other services, and seven cost centers.
The DDA fees to DDA 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.
The net loan losses to total loans ratio shows the
current default rate of the loan portfolio (chargeoffs, net of recoveries) and provides a comparison
to the loan loss provision rate.
Income Statements
Each of the product and product-line analyses is
presented in the form of two income statements,
one in dollar amounts and the other as
percentages of product or product-line volume.
Please note that the transfer pricing charges are
shown in italics, and that the memo item shown at
the bottom of each of the income statements
shows the actual profitability of the product or
product line without the transfer charges.
Personnel expenses are also italicized, as they
are typically the single largest expense.
And finally, the non-interest expense to total
expense ratio shows the proportion of operating
Since interest
expenses to total expenses.
expense and loan,• trust and fraud losses are
generally viewed as outside of a financial
institution's control, this ratio represents the
degree of controllable expenses.
For every product and product line, the net indirect
expenses are shown following the total direct
expenses.
FCA collects the participants'
overhead expenses (less any income) in seven
cost centers, and allocates these net indirect
expenses to the products based on the
methodology described earlier in this booklet.
The non-interest expense to non-interest income
ratio illustrates the importance of fee income for
the entire institution. The non-interest income to
total income ratio reflects the percent of income
that is not directly affected by swings in interest
rates.
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- ix -
Loan & Deposit Statistics and Item Costs
Following the income statements for the loan and
deposit products, the report presents basic
descriptive statistics, such as the average loan or
account size, number of loans made or accounts
opened, number of applications or deposits
received, etc. These are followed by productivity
measures that depict various aspects of
productivity within the products.
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Federal Reserve Bank of St. Louis
Also included are key item costs, such as the cost
to process a single loan application, loan payment,
check deposit, and account opening, as well as
some average costs, which combine several item
costs to derive the expense of key transactions.
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.
-x-
KEY PERFORMANCE INDICATORS
PRE-TAX RATIOS
14 Institutions
1O Institutions
Assets up to $200 M
Assets > $200 M
1.86%
17.96%
10.36%
4.27%
(2.20%)
1.61%
16.15%
9.99%
3.39%
(1.56%)
44.73%
356.80%
38.12%
268.14%
9.47%
0.14%
10.98%
0.16%
43.36%
36.99%
77.97%
$42,748
53.81%
0.44
79.59%
$44,849
52.83%
0.36
85.24%
76.41%
72.58%
110.72%
66.58%
152.64%
75.50%
67.96%
78.65%
122.81%
81 .16%
117.58%
PROFITABILITY
Net Income/Total Assets
Net Income/Equity Capital*
Equity Capital/Total Assets*
Net Interest Margin
Net Non-Interest Margin
ODA Fees/DOA Non-Interest Expense
Non-Interest Expense/Non-Interest Income
Non-Interest Income/Total Income
Net Loan Losses/Total Loans
Non-Interest Expense/Total Expense
PRODUCTIVITY
Total Expense/Total Income
Net lncome/FTE Personnel
Salary & Fringe Benefits/Non-Interest Expense
Average FTE Personnel/$ Million in Assets
FUNDING
Core Deposits/Total Liabilities**
Core Deposits/Total Assets ..
Loans/Deposits
Investments & Loans/Deposits
Short Term Assets/Short Term Liabilities
Long Term Assets/Long Term Liabilities
GENERAL
FTE Personnel
47.41
242.35
Number of Limited Service Offices
2
5
Number of Full Service Offices
3
14
Number of ATMs
4
15
Balance Sheet Items are Yearly Averages.
* Equity Capital includes Loan Loss Reserves.
** Core Deposits include all deposits except CDs $100,000 or more.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
INTEREST RATES
14 Institutions
Assets
Assets up to $200 M
1O Institutions
Assets > $200 M
6.50%
6.31%
8.45%
7.89%
Investments
Real Estate Loans
Installment Loans
Commercial Loans
9.93%
8.56%
9.77%
9.01%
Average Interest Rates
Assets
rn
Cl)
,a
a:
lnve s tm e nts
□
Real Estate
Installment
Assets up to $200 M
■
Commercial
Assets > $200 M
14 Institutions
Assets up to $200 M
Liabilities
Demand Deposits
Savings Deposits
Time Deposits
Borrowings*
1O Institutions
Assets > $200 M
2.19%
3.48%
5.61%
5.71%
Average Interest Rates
Liabilities
6
rn
4
Cl)
ca
a: 2
0
Demand
□
Savings
Assets up to $200 M
* Does not include Other Liabilities.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
2
Time
Borrowings
■
Assets > $200 M
2.21%
3.41%
5.64%
5.38%
Balance Sheet Composition
Composition of Assets
14 Institutions
Assets up to $200 M
9%
36%
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
10 Institutions
Assets > $200 M
l!!!I Cash & Due From
Ill Cash & Due From
&CIPC
■ Investments
■
D Real Estate
D Real Estate
Ill Installment
I!!!! Installment
■ Commercial
■ Commercial
□
39%
CJ Other Assets
&CIPC
Investments
Other Assets
Composition of Liabilities & Capital
14 Institutions
Assets up to $200 M
10 Institutions
Assets > $200 M
10%
DOOA & Other
15%
DOOA & Other
■ Savings
■ Savings
18%
□ Time
□
□ Time
□ Borrowings
Borrowings &
Other
Other
■ Equity
43%
3
■ Equity
&
Product Income Summary
Percent of Total Income
Investments
Interest Income
U. S. Securities
Tax Exempt Securities & Loans
Tax Equivalent Adjustment
Other Investments
Federal Funds Sold
Other Liquidity Loans
Other Income
14 Institutions
10 Institutions
Assets up to $200 M
Assets > $200 M
16.24%
4.78%
2.46%
2.73%
1.64%
0.00%
0.83%
14.65%
3.98%
2.05%
4.31%
3.34%
0.79%
1.10%
Real Estate Loans
Interest Income
19.44%
2.83%
15.47%
1.04%
1.66%
1-4 Family Mortgages
Construction & Land Development
Commercial & Other
Home Equity
Other Income
24.70%
1.91%
9.94%
4.85%
2.07%
Installment Loans
Interest Income
6.91%
0.16%
2.31%
2.32%
0.82%
0.12%
0.31%
6.12%
0.92%
1.59%
0.00%
0.55%
0.14%
0.56%
11 .75%
8.73%
0.55%
2.30%
0.36%
10.73%
3.94%
0.39%
1.31%
0.18%
0.69%
0.32%
0.05%
0.01%
0.00%
0.00%
2.89%
0.32%
1.05%
0.23%
0.27%
0.02%
0.01%
0.00%
2.07%
0.54%
Trust
Commission & Fee Income
Corporate Trust Income
Other Fiduciary Income
2.04%
0.00%
0.00%
0.98%
0.03%
0.39%
Other Services
Income
1.69%
1.03%
Cost Centers
EFT/ACH
ATM
Facilities Management
G&A
0.10%
0.28%
0.11%
0.00%
0.07%
0.50%
0.32%
0.34%
0.63%
0.14%
Automobile
Student Loans
Other Consumer
Commercial Installment
Credit Card
Incoming Interchange
Other Income
Commercial Loans
Interest Income
Commercial & Industrial
Agricultural
SBA
Other Commercial
Other Income
Deposits
Service Charges
Non-Interest Bearing Checking
Interest Bearing Checking
Regular Savings
MMDA
Retirement
Other Time
Penalty Fees
Other Income
Memo: Fee Waivers
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
4
Income Summary Information
14 Institutions
10 Institutions
Assets up to $200 M
Assets > $200 M
Pre-Tax Ratios
Non-Interest Income/Total Income
9.47%
10.98%
Interest Income/Total Income
90.53%
89.02%
Deposit Service Charge Income/Non-Interest Income
11.03%
14.38%
Cost Center Income/Non-Interest Income
Non-Interest Expense/(lnterest Expense+ Non-Interest Expense)
4.07%
8.62%
43.85%
37.57%
Contribution to Total Income by Product Line
45%
40%
35%
30%
25%
20%
15%
10%
5%
0%
Invest.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Real Estate
Loans
□
Installment
Loans
Comm 'I
Loans
Deposits
Trust
■
Assets up to $200 M
5
Other
Services
Assets > $200 M
Cost
Centers
Product Line Income
Contribution to Interest Income by Product Line
50
40
'E
G)
30
~
20
I.
Investments
Real Estate
Commercial
Installment
mAssets up to $200 M
■
Assets > $200 M
14 Institutions
Assets up to $200 M
Interest Income
Investments*
Real Estate Loans
Installment Loans
Commercial Loans
Total Interest Income
10 Institutions
Assets > $200 M
26.63%
30.15%
39.85%
44.42%
11.05%
10.55%
22.46%
14.88%
100.00%
100.00%
Contribution to Non-Interest Income by Product Line
40
35
30
c
G)
...
u
G)
a.
25
20
15
10
5
0
Invest.
Real
Estate
Install.
Comm 'I
Deposits
I
■ Assets
E1 Assets up to $200 M
Non-Interest Income
Investments
Real Estate Loans
Installment Loans
Commercial Loans
Deposits
Trust
Other Services
Cost Centers
Total Non-Interest Income
* Tax Equivalent Basis
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
6
Trust
Other
Services
> $200 M
Cost
Centers
I
14 Institutions
Assets up to $200 M
10 Institutions
Assets > $200 M
7.15%
14.34%
3.31%
3.07%
36.12%
18.12%
14.56%
3.33%
100.00%
9.64%
18.12%
6.06%
1.60%
36.17%
11.13%
9.00%
8.29%
100.00%
Expense Summary
Percent of Expense
14 Institutions
10 Institutions
Assets up to $200 M
Assets > $200 M
7.67%
5.69%
10.27%
6.77%
0.00%
48.67%
13.47%
1.21%
6.25%
0.00%
3.79%
8.15%
7.66%
9.42%
3.56%
37.36%
12.94%
0.64%
16.49%
0.00%
Interest Expense as a Percent of Total Interest Expense
Interest Bearing Checking
Regular Savings
MMDA
Retirement
Other Time
CDs Under $100,000
CDs $100,000 and Over
Federal Funds Purchased
Other Market Instruments
Capital Notes & Debentures
Non-Interest Expenses as a Percent of Total Non-Interest Expense
Salary
Fringe Benefits
Personnel Expense
42.79%
10.22%
53.00%
41.56%
9.84%
51.40%
Vendor Data Processing
Furniture and Equipment
Printing, Postage & Freight
Telephone & Electronic Access
Occupancy
Professional Fees - Legal & Other
Credit Card Franchise Fees
Outgoing Interchange (Merchants)
Credit Reports
Appraisal Fees-External
Return Items Charge
Directors Fees
External Exams & Audits
Education & Training-Internal/External
Network Expense Fees (ATM)
FDIC Insurance
All Other Expenses
3.81%
8.89%
4.52%
1.51%
6.69%
1.79%
0.45%
1.23%
0.37%
0.26%
0.10%
1.59%
1.36%
0.83%
0.93%
0.58%
12.11%
4.01%
7.63%
4.02%
1.97%
7.91%
1.81%
0.90%
2.43%
0.36%
0.77%
0.46%
0.93%
0.86%
0.43%
0.77%
0.99%
12.34%
1.31%
0.00%
0.00%
1.51%
0.07%
0.00%
1.31%
1.57%
Losses as a Percent of Total Expenses
Net Current Loan Losses
Credit Card Fraud Losses
Trust Losses
Net Losses
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
7
Expense Summary Information
Contribution to Interest Expense by Product Line
80
E
G)
...
(.)
Im Assets up
to $200 M
60
40
G)
0.
■ Assets>
20
$200M
0
ODA
Savings
Time
Borrowings
Interest Expense
14 Institutions
10 Institutions
Assets up to $200 M
Assets > $200 M
7.82%
15.55%
70.01%
6.63%
100.00%
3.89%
16.26%
62.28%
17.56%
100.00%
DDA & Other Transaction Accounts
Savings Deposits
Time Deposits
Borrowings
Total Interest Expense
Contribution to Non-Interest Expense by Product Line
40 ~ - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - ,
35
E
G)
30
25
...
20
0.
15
(.)
G)
Ell Assets
upto
$200M
■ Assets>
10
$200M
5
0 ~:=:IIIIIR::;=
Invest.
RE
Loans
Install.
Loans
Comm'I
Loans
Deposits
Direct Non-Interest Expense
Investments
Real Estate Loans
Installment Loans
Commercial Loans
Deposits
Borrowings & Other Liabilities
Trust
Other Services
Cost Centers*
Total Non-Interest Expense
*Cost Centers Net of Income
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
8
Borrow
Trust
Other
Serv
Cost
Centers
14 Institutions
10 Institutions
Assets up to $200 M
Assets > $200 M
1.42%
12.03%
8.90%
9.89%
27.46%
0.47%
6.51%
4.00%
29.31%
100.00%
0.95%
13.13%
6.98%
6.24%
38.50%
0.21%
4.20%
3.25%
26.54%
100.00%
Cost Center Net Expense Summary Information*
Percent of Total Cost Center Net Expense
14 Institutions
Assets up to $200 M
Cost Center Net Expense Breakdown
10 Institutions
Assets > $200 M
EFT/ACH
1.93%
4.06%
ATM
3.96%
(1.16%)
Facilities Management
6.81%
5.74%
10.73%
9.56%
7.77%
9.45%
Data Processing
12.44%
13.69%
General & Administrative
62.65%
59.78%
Human Resources
Proof & Transit
Cost Center Net Expense*
80
C
Cl)
~
Cl)
0.
70
60
50
40
30
20
10
0-1'-=EFT/ACH
□
ATM
Facilities
Mgt.
HR
■
Assets up to $200 M
*Cost Centers Net of Income
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Proof &
Transit
9
DP
Assets > $200 M
G&A
Overview
Net Income/ Total Assets
Assets up to $200 M
Assets > $200 M
Total Expense/ Total Income
100
80
'E
Cl)
60
(.)
ai
c..
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
40
20
Assets up to $200 M
Assets > $200 M
10
Overview
Net Interest Margin
6.0
5.0
c
Cl)
4.0
...
3.0
Q.
2.0
(,)
Cl)
1.0
o.o.JL====1-_..;:2L:2'._~==:::::::=====1.~L~_.~==::::::::;:::
Assets up to $200 M
Assets> $200 M
Non-interest Income/ Non-interest Expense
40
35
30
c
25
(,)
20
Cl)
Q)
Q.
15
10
5
0
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Assets up to $200 M
Assets > $200 M
11
Overview
Non-interest Expense/ Total Expense
50
40
'ECl)
30
(.)
i
20
10
0
Assets up to $200 M
Assets > $200 M
Non-interest Income / Total Income
'ECl)
(,)
i
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Assets up to $200 M
Assets > $200 M
12
Overview
Loans I Deposits
'ECl)
u
a..
Cl)
a..
90
80
70
60
50
40
30
20
10
0
Assets up to $200 M
Assets > $200 M
Net Loan Losses/ Total Loans
1.00
0.75
'ECl)
u
if
0.50
0.25
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Assets up to $200 M
Assets > $200 M
13
Overview
Salaries & Fringe Benefits/ Total Non-interest Expense
60
50
E
G)
..
u
40
30
G)
Q.
20
10
0
Assets up to $200 M
Assets > $200 M
Net Income / FTE Personnel
$50,000
$40,000
$30,000
$20,000
$10,000
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$0-+""---......- - - - " ' - - - - r - - - - - - . . - : ; . . - - - r '
Assets up to $200 M
Assets > $200 M
14
Investments Summary
INVESTMENTS
Included as inv~stments are U.S. securities, tax-exempt municipal securities and loans, Federal Funds
sold, liquidity loans, purchased CDs, bankers' acceptances, investments in subsidiaries and associated
companies, stocks, bonds, and other investments. Non-interest income on investments includes gains
and losses on securities. The income graphed below is shown before transfer pricing, and includes the
taxable basis adjustment for income from tax-exempt securities and loans.
Investments Net Income
(Before Transfer Pricing)
8.00
/
7.00
V
~
6.00
0
5.00
V
::::,
>
0
4.00
V
c
3.00
V
...
2.00 ....
Cl)
(,)
Cl)
0.
1.00
0.00
-
V
"'
-
~
I
~'
"'
I
I
I
V
,,, I
/
Assets up to $200 M
Assets > $200 M
Investments - Non-interest Income I Total Income
(Before Transfer Pricing)
6.00
i
5.00
,
c
...
4.00
0.
2.00
Cl)
(,)
3.00
Cl)
1.00
0.00
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
;
I
vi
vi
vi
V
-
.
.. ,,
-
-
'
,,, l
,,,
Assets up to $200 M
Assets > $200 M
15
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
This page left intentionally blank.
16
Investments Summary
Dollars
14 Institutions
9 Institutions
Assets up to $200 M
Assets > $200 M
$35,097,813
$ VOLUME OF OUTSTANDINGS
$229,510,948
33.51%
Investment Dollars/Earning Assets
Interest Income
Taxable Basis Adjustment
33.47%
$2,072,376
$13,397,341
$226,360
$1 ,118,903
-Cost of Funds (COF)
$.1,201,941
$.8,960,396
Net Interest Income
+Non-Interest Income
$1,096,795
$5,555,849
Net Income Before Non-Interest Expense
$76,137
$376.100
$1,172,932
$5,931,949
-Non-Interest Expenses
Direct Expenses
Salary
Fringe Benefits
Personnel Expense
Vendor Data Processing
Furniture & Equipment
Printing, Postage, & Freight
Telephone & Electronic Access
Occupancy
Professional Fees-Legal & Other
. All Other Direct Expenses
Total Direct Expenses
$23,488
$4,840
$28,328
$67,451
$13,665
$81, 116
$7,079
$2,953
$1 ,430
$606
$3,168
$3,635
$4,062
$51,261
$7,543
$7,385
$17,595
$2,889
$7,503
$10,238
$25,098
$159,366
Net Indirect Expenses
$15.420
$45,941
Total Non-Interest Expense
$66,682
$205,306
$1,106,251
$5,726,642
Net Income
Memo: 1) Net Income Before COF
$2,308,192
$14,687,038
$61,835
$189,495
2) Realized Gains/(Losses) on Held-to-Maturity and
Available for Sale Securities
Composition of Investments Portfolio
Assets > $200 M
Assets up to $200 M
10% 0%
Investment Type
U.S. Securities
□ U.S.
Sec.
□ U.S.
Sec.
■ Fed
Funds
■ Fed
Funds
□ Tax
Exempt
□ Tax
Exempt
□ 0th
Inv.
□ 0th.
Inv.
■ Liq.
Loans
■ Liq.
Loans
51%
Investment Type
U.S. Securities
Volume
$23,708,553
Volume
$123,760,766
$43,627,893
Tax Exempt Sec. & Loans
$8,504,387
Tax Exempt Sec. & Loans
Other Investments
$4,002,246
Other Investments
$32,833,773
Fed Funds Sold
$2,877,019
Fed Funds Sold
$34,956,585
Other Liquidity Loans
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Other Liquidity Loans
$0
17
$6,892,967
Investments Summary
Percent of Investments $ Volume
$ VOLUME OF OUTSTANDINGS
14 Institutions
9 Institutions
Assets up to $200 M
Assets > $200 M
$35,097,813
$229,510,948
Interest Income
5.90%
5.84%
Taxable Basis Adjustment
-Cost of Funds (COF)
Net Interest Income
+Non-Interest Income
Net Income Before Non-Interest Expense
0.64%
0.49%
3.42%
3.12%
0.22%
3.34%
3.90%
2.42%
0.16%
2.58%
0.07%
0.01%
0.08%
0.03%
0.01%
0.04%
0.02%
0.01%
0.00%
0.00%
0.01%
0.01%
0.00%
0.01%
0.15%
0.01%
0.07%
-Non-Interest Expenses
Direct Expenses
Salary
Fringe Benefits
Personnel Expense
Vendor Data Processing
Furniture & Equipment
Printing, Postage, & Freight
Telephone & Electronic Access
Occupancy
Professional Fees - Legal & Other
All Other Direct Expenses
Total Direct Expenses
0.00%
0.01%
0.00%
0.00%
0.00%
Net Indirect Expenses
0.04%
0.02%
Total Non-Interest Expense
0.19%
0.09%
Net Income
3.15%
2.50%
Memo: Net Income Before COF
6.58%
6.40%
Non-Interest Income/Total Direct Expenses
148.53%
236.00%
Personnel Expense/Total Direct Expenses
55.26%
50 .90%
Net Indirect Expenses/Total Direct Expenses
30.08%
28.83%
0.43
1.25
Pre-Tax Ratios
Investment FTE Personnel
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
18
Composition of Investment Interest Income and Non-Interest Expense
Contribution to Investment Income*
60%
50%
40%
30%
20%
10%
0%4'----"--U.S. Securities
Tax Exempt
□
Other Invest. Fed Funds Sold Liquidity Loans
■
Assets up to $200 M
Assets > $200 M
14 Institutions
9 Institutions
Assets up to $200 M
Assets > $200 M
Investment Type**
U.S. Securities
Tax Exempt Securities & Loans
Other Investments
Fed Funds Sold
Other Liquidity Loans
$1,498,116
$666,103
$246,641
$182,249
$0
$7,657,659
$3,375,116
$2,279,104
$1,842,420
$435,258
Composition of Non-Interest Expenses
Assets up to $200 M
Assets > $200 M
□ Personnel
46%
■
Other Direct
□
Net Indirect
44%
Other Direct
□
Net Indirect
14 Institutions
9 Institutions
Assets > $200 M
Non-Interest Expenses
Personnel Expense
Other Direct Expenses
Net Indirect Expenses
$28,328
$17,633
$15,420
• lncome=lnterest Income+ Non-Interest Income
** Tax Equivalent Basis
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Personnel
■
Assets up to $200 M
Non-Interest Expenses
Personnel Expense
Other Direct Expenses
Net Indirect Expenses
□
19
$81 ,116
$61,Q?0
$45,941
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
This page left intentionally blank.
20
Real Estate Loans Summary
Dollars
13 Institutions
9 Institutions
Assets up to $200 M
Assets > $200 M
$40,420,712
$ VOLUME OF OUTSTANDINGS
Average# Loans Outstanding
Real Estate Outstandings/Earning Assets
2,549
38.90%
36.02%
$3,416,197
$1.511.385
$1,904,812
$152,749
$2,057,561
Interest Income
-Cost of Funds (COF)
Net Interest Income
+Non-Interest Income
Net Income Before Non-Interest Expense
$176,860,158
879
$14,187,373
$6.615.405
$7,571,968
$897,159
$8,469,126
-Non-Interest Expenses
Direct Expenses
Salary
Fringe Benefits
Personnel Expense
$187,155
$41,982
$229, 137
$707,590
$175,543
$883, 133
$22,207
$32,584
$17,093
$6 ,561
$29,883
$6,338
$2,628
$8 ,331
$74,158
$82,820
$58,741
$23,247
$103,098
$13,284
$30,233
Vendor Data Processing
Furniture & Equipment
Printing, Postage, & Freight
Telephone & Electronic Access
Occupancy
Professional Fees-Legal & Other
Credit Reports
. Appraisal Fees
$53,242
$408,003
All Other Direct Expenses
Total Direct Expenses
Net Indirect Expenses
Total Non-Interest Expense
$101 ,868
$182,977
$1,553,558
$162,239
$570,242
$525 796
$2,079,354
$40,946
$83,625
Net Income
$1,446,372
$6,306,147
Memo: Net Income Before COF
$2 ,957,757
$12,921 .553
- Net Loan Losses
Composition of Real Estate Loan Portfolio
Assets > $200 M
Assets up to $200 M
10%
3%
D 1-4 Fam 1ly
D 1-4 Family
51%
52%
32%
■ Const/Land
■ Const/Land
DComm'I
DComm'I
□
D Home Equity
Home Equity
6%
7%
Loan Type
1-4 Family
Construction & Land Dev.
Commercial & Other
Home Equity
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Volume
$21,578,488
$2,933,628
$16,577,251
$1,081,836
21
Loan Type
1-4 Family
Volume
$96,352 ,874
Construction & Land Dev.
$11,992,856
Commercial & Other
$59,041 ,677
Home Equity
$19,536 ,161
Real Estate Loans Summary
Percent of Real Estate Loan $ Volume
13 Institutions
9 Institutions
Assets up to $200 M
Assets > $200 M
$40,420,712
$ VOLUME OF OUTSTANDINGS
8.45%
3.74%
4.71%
0.38%
5.09%
Interest Income
-Cost of Funds (COF)
Net Interest Income
+Non-Interest Income
Net Income Before Non-Interest Expense
$176,860,158
8.02%
3.74%
4.28%
0.51%
4.79%
-Non-Interest Expenses
Direct Expenses
Salary
Fringe Benefits
Personnel Expense
0.46%
0.10%
0.57%
0.40%
0.10%
0.50%
Vendor Data Processing
Furniture & Equipment
Printing, Postage, & Freight
Telephone & Electronic Access
Occupancy
Professional Fees - Legal & Other
Credit Reports
Appraisal Fees
All Other Direct Expenses
Total Direct Expenses
0.05%
0.08%
0.04%
0.02%
0.07%
0.02%
0.01%
0.02%
0.13%
1.01%
0.04%
0.05%
0.03%
0.01%
0.06%
0.01%
0.02%
0.06%
0.10%
0.88%
0.40%
1.41%
0.30%
1.18%
Net Income
0.10%
3.58%
0.05%
3.57%
Memo: Net Income Before COF
7.32%
7.31%
Non-Interest Income/Total Direct Expenses
37.44%
57.75%
Personnel Expense/Total Direct Expenses
56 .16%
56.85%
Net Indirect Expenses/Total Direct Expenses
39.76%
33.84%
5.64
20.89
Net Indirect Expenses
Total Nonlnterest Expense
-Net Loan Losses
Pre-Tax Ratios
Real Estate Loans FTE Personnel
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
22
Contribution to Real Estate Loan Income and Direct Expenses
Contribution to Real Estate Loan Income*
$10,000,000
$8,000,000
$6,000,000
□
$4,000,000
Assets up to $200 M
■ Assets>
$200 M
$2,000,000
$0-+"'-.....____
1-4 Family
Construction Commercial Home Equity
Loan Type
1-4 Family
Construction & Land Development
Commercial & Other
Home Equity
13 Institutions
9 Institutions
Assets up to $200 M
Assets > $200 M
$1,902,685
$8,099,351
$271 ,914
$1,079,880
$1,439,135
$5,025,799
$97,604
$1,752,651
Contribution to Real Estate Loan Direct Expenses
$1,000,000
$800,000
$600,000
$400,000
□
Assets up to $200 M
■
Assets > $200 M
$200,000
$0+--.........1-4 Family
Construction Commercial Home Equity
13 Institutions
9 Institutions
Assets up to $200 M
Assets > $200 M
Loan Type
$265,882
$848,771
Construction & Land Development
$31 ,351
$144,028
Commercial & Other
$75,427
$220,627
Home Equity
$31,965
$344,047
1-4 Family
• lncome=lnterest Income + Non-Interest Income
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Federal Reserve Bank of St. Louis
23
1-4 Family Mortgages
1-4 FAMIL V MORTGAGES
Included as 1 - ~ family mortgages are loans secured by real estate as evidenced by FHA, VA, or
conventional mortgages, vacation homes, individual condominium dwellings, housekeeping dwellings,
and vacant lots in established residential areas. Also included are real estate loans that were purchased
but are serviced by other entities. The income graphed below is shown before transfer pricing.
1-4 Family Mortgages Net Income
(Before Transfer Pricing)
_,,,,.
10
~::,
g
0
c
...u
I
I
,,
8
,,
6
4
,,
2
,,
0
-
-
-
-
,.
Cl)
Cl)
C.
--c,,
Assets up to $200 M
Assets> $200 M
1-4 Family Mortgages - Non-interest Income/ Total Income
(Before Transfer Pricing)
c
14 - _,,, I
12 _vi
10 _v
Cl)
8
_vi
Cl)
6
-V ,
4
_vi
...u
C.
I
'
I
-
!
I
2 _v ,
0
,..,.---
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Assets up to $200 M
~
Assets > $200 M
24
1-4 Family Mortgages
Dollars
13 Institutions
9 Institutions
Assets up to $200 M
Assets > $200 M
$21,578,488
$ VOLUME OF OUTSTANDINGS
583
Average# Loans Outstanding
21.39%
1-4 Family Mortgage Outstandings/Earning Assets
$96,352,874
1,349
19.88%
Interest Income
$1,788,089
$7,414,861
-Cost of Funds (COF)
$769.931
$1,018,158
$3,440.156
$3,974,705
$124,146
$684.490
$4,659,195
Net Interest Income
+Non-Interest Income
$1,142,304
Net Income Before Non-Interest Expense
-Non-Interest Expenses
Direct Expenses
Salary
Fringe Benefits
Personnel Expense
Vendor Data Processing
Furniture & Equipment
Printing, Postage, & Freight
Telephone & Electronic Access
Occupancy
• Professional Fees-Legal & Other
Credit Reports
Appraisal Fees
$419,336
$106,714
$526,050
$15,896
$22,997
$11 ,471
$4,566
$20,852
$4,848
$1,745
$4,497
$44,155
$43,766
$34,555
$14,227
$60,146
$6,754
$18,341
$39,019
$278,469
All Other Direct Expenses
Total Direct Expenses
Net Indirect Expenses
Total Nonlnterest Expense
-Net Loan Losses
Net Income
Memo: Net Income Before COF
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$124,478
$28,100
$152,578
25
$54,486
$106,671
$909,151
$112,357
$390,825
$310,720
$1,219,871
$32,124
$719,355
$45,380
$3,393,944
$1,489,286
$6,834,099
1-4 Family Mortgages
Percent of 1-4 Family Mortgage$ Volume
$ VOLUME OF OUTSTANDINGS
13 Institutions
9 Institutions
Assets up to $200 M
Assets > $200 M
$21,578,488
$96,352,874
7.70%
Interest Income
8.29%
-Cost of Funds (COF)
3.57%
3.57%
Net Interest Income
4.72%
+Non-Interest Income
0.58%
4.13%
0.71%
Net Income Before Non-Interest Expense
5.29%
4.84%
-Non-Interest Expenses
Direct Expenses
Salary
Fringe Benefits
Personnel Expense
0.58%
0.13%
0.71%
0.44%
0.11%
0.55%
Vendor Data Processing
Furniture & Equipment
Printing, Postage, & Freight
Telephone & Electronic Access
Occupancy
Professional Fees - Legal & Other
Credit Reports
Appraisal Fees
All Other Direct Expenses
Total Direct Expenses
0.07%
0.11%
0.05%
0.02%
0.10%
0.02%
0.01%
0.02%
0.18%
1.29%
0.05%
0.05%
0.04%
0.01%
0.06%
0.01%
0.02%
0.06%
0.11%
0.94%
Net Indirect Expenses
0.52%
0.32%
Total Non-Interest Expense
1.81%
1.27%
Net Income
0.15%
3.33%
0.05%
3.52%
Memo: Net Income Before COF
6.90%
7.09%
Non-Interest Income/Total Direct Expenses
44.58%
75.29%
Personnel Expense/Total Direct Expenses
54.79%
57.86%
Net Indirect Expenses/Total Direct Expenses
40.35%
34.18%
3.94
12.12
-Net Loan Losses
Pre-Tax Ratios
1-4 Family Mortgages FTE Personnel
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
26
1-4 Family Mortgages Information
13 Institutions
9 Institutions
Assets up to $200 M
Assets > $200 M
$21,578,488
583
$37,018
$ VOLUME OF OUTSTANDINGS
Average # Loans Outstanding
Average Size Loan
$96,352,874
1,349
$71,420
# Loans Made
207
780
# Loans Serviced
604
2,190
# Payments Received
Electronic
2,306.73
2,912.96
Non Electronic
5,890.69
23,287.04
# Applications Received
0.00
0.00
248.00
947.89
196
3.94
798
12.12
Productivity Measures
Applications Approved/Applications Received
79.13%
84.19%
Loans Made/Applications Received
83.28%
82.30%
Loans Made/Applications Approved
105.24%
97.76%
Average Number Loans Outstanding/FTE Personnel
147.86
Electronic
Non Electronic
# Applications Approved
FTE Personnel
Loans ~ade/FTE Personnel
Non-Interest lncome/FTE Personnel
Personnel Expense/FTE Personnel
$ Volume Outstanding/FTE Personnel
Item Costs
Applications-Electronic
Applications-Non Electronic
Payments-Electronic
Payments-Non Electronic
Loan Set Up
Loan Disbursement
Loan Maintenance-Monthly
111.29
52.39
64.35
$31,491
$56,466
$38,703
$43,396
$5,473,568
$7,948,450
$0.00
$80.89
$0.05
$1.45
$111 .23
$57.76
$0.00
$66.40
$0.04
$1.19
$91.30
$47.41
$46.72
$38.35
Average Costs
To Make a Loan
Electronic
Non Electronic
N/A
N/A
$249.88
$205.12
$48.93
$48.17
$38.39
$39.54
To Maintain a Loan-Monthly
Electronic
Non Electronic
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Federal Reserve Bank of St. Louis
27
1-4 Family Mortgages - Item Costs
13 Institutions
Assets up to $200 M
Net
Activity
Direct Expense
$0
$0
$17,279
$7,218
$24,497
$68
$34
$101
$5,594
$2,265
$7,859
$18,934
$8,017
$26,951
$9 ,833
$4,164
$13,996
$214,186
$90,664
$304,850
Net Indirect
Total
Item Costs
$0.00
$80.89
$0.05
$1.45
$111.23
$57.76
$46.71
Payments-Electronic
Payments-Non Electronic
Loan Set Up
Loan Disbursement
Loan Maintenance
Direct
Activity
Applications-Electronic
Applications-NonElectronic
Payments-Electronic
Payments-Non Electronic
Loan Set Up
Loan Disbursement
Loan Maintenance-Monthly
Total Expense
$0
Applications-Electronic
Applications-NonElectronic
Indirect Expense
Item Costs
$0.00
$58.22
$0.04
$1 .05
$80.05
$41 .57
$33.62
9 Institutions
Item Costs
$0.00
$22.67
$0.01
$0.41
$31 .17
$16.19
$13.09
Assets > $200 M
Net
Activity
Direct Expense
Applications-Electronic
Applications-Non Electronic
$0
Loan Set Up
Loan Disbursement
Loan Maintenance
$17,511
$86
$35
$121
$19,754
$7,402
$27,156
$53,600
$18 ,755
$72 ,355
$27,835
$697,897
$9 ,740
$257,277
$37,575
$955 ,174
Direct
Activity
Applications-Electronic
Applications-Non Electronic
Payments-Electronic
Payments-Non Electronic
Loan Set Up
Loan Disbursement
Loan Maintenance-Monthly
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Total Expense
$0
$49,600
Payments-Electronic
Payments-Non Electronic
Indirect Expense
$0
Item Costs
$0.00
$49.37
$0.03
$0.89
$67.88
$35.25
$28.51
28
Net Indirect
Item Costs
$0.00
$17.04
$0.02
$0.31
$23.42
$12.16
$9.84
$67,110
Total
Item Costs
$0.00
$66.40
$0.05
$1 .19
$91.30
$47.41
$38.35
FCA What-If Analysis - 1998 Data
Scenario:
Central States - Assets up to $200 M
BREAK-EVEN LOAN BALANCES
Institution Name:
Central St-Assets to $200 M
Product Line:
Real Estate Loans
Product:
1-4 Family Mortgage
INPUT VARIABLES:
$249.88
Cost to Make a Loan
Cost to Process a Payment
Cost to Maintain a Loan - Monthly
$1 .06
$46.72
Product Cost of Funds Rate :
3.57%
Loan Loss Rate :
0.15%
Non-Interest Income as % of Volume:
0.58%
INTEREST RA TES AND BREAK-EVEN LOAN BALANCES
Maturity
(Years)
Periods
(Payments)
10
120
6.75%
7.00%
$28,502
$26,565
$24,865
$23,360
$21,562
$20,160
7.25%
7.50%
15·
180
$26,401
$24,578
$22,977
20
240
$24,749
$23,019
$21,502
25
300
$23,394
$21,746
$20,301
$19,025
$22,266
$20,691
$19,310
$18,092
8.00%
8.25%
8.50%
$22,019
$20,817
$19,733
$18,751
$20,301
$19,171
$18,153
$17,231
$16,063
30
360
Maturity
(Years)
Periods
(Payments)
10
120
15
180
7.75%
20
240
$18,967
$17,897
$16,934
25
300
$17,890
$16,874
$15,959
$15,132
30
360
$17,009
$16,040
$15,168
$14,380
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Federal Reserve Bank of St. Louis
29
FCA What-If Analysis - 1998 Data
Scenario:
Central States - Assets up to $200 M
BREAK-EVEN LOAN BALANCES
Institution Name:
Central St.- Assets to $200 M
Product Line:
Real Estate Loans
Product:
1-4 Family Mortgage
Loan Break-Even Curves for Fixed Maturities
::~
-----■
---===--=:----~-==-----.'"'===---:
a,
20
+-----=---=--r--___;;;=,
~
15
-1------------------..:::::::!!:::====.....--==~
"C
C
0
J::.
~ 10 + - - - - - - - - - - - - - - - - - - - - - - - - 5 _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ __
0 -----.-----.--------..---.....--------,---.....--------,
6.75%
7.00%
7.25%
7.50%
7.75%
8.00%
8.25%
8.50%
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
1998 Market Interest Rate
30
-+-10Year
-■-20Year
--.-3ovear
FCA What-If Analysis - 1998 Data
Central States - Assets > $200 M
Scenario:
BREAK-EVEN LOAN BALANCES
Institution Name:
Central States-Assets >$200 M
Product Line:
Real Estate Loans
Product:
1-4 Family Mortgage
INPUT VARIABLES:
$205.12
Cost to Make a Loan
Cost to Process a Payment
Cost to Maintain a Loan - Monthly
Product Cost of Funds Rate :
$1.06
$38.35
3.57%
Loan Loss Rate :
0.05%
Non-Interest Income as % of Volume:
0.71%
INTEREST RA TES AND BREAK-EVEN LOAN BALANCES
Maturity
(Years)
Periods
(Payments)
10
6.75%
7.00%
7.25%
7.50%
120
$22,155
$20,730
$19,469
$18,346
15 ·
180
$20,548
$19,202
$18,013
$16,954
20
240
$19,280
$18,001
$16,872
$15,867
25
300
$18,238
$17,018
$15,941
$14,984
$16,201
$15,171
$14,256
30
360
Maturity
(Years)
Periods
(Payments)
10
120
15
20
180
240
$17,368
8.25%
8.50%
$16,433
$15,612
$14,864
$15,152
$14,379
$13,675
$14,158
$13,425
$12,759
$12,027
$11,434
7.75%
8.00%
$17,340
$16,006
$14,967
25
300
$14,127
$13,357
$12,660
30
360
$13,437
$12,702
$12,037
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
31
FCA What-If Analysis - 1998 Data
Scenario:
Central States - Assets > $200 M
BREAK-EVEN LOAN BALANCES
Institution Name:
Central States-Assets >$200 M
Product Line:
Real Estate Loans
Product:
1-4 Family Mortgage
Loan Break-Even Curves for Fixed Maturities
::b:=
·-----■
ti)
"g 15 + - - - - - _ _ _ ; =...........,,=--___;=ca
fl)
::s
_g
1-
-=====..:;=====:::t====--...
_.,_10Year
-•-20Year
10
-1--------------------------
5
-r--------------------------r-------,----~----,.-----r-----.---~------
0
6.75%
7.00%
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
7.25%
7.50%
7.75%
1998 Market Interest Rate
32
8.00%
8.25%
8.50%
-.-3ovear
Construction & Land Development Loans
CONTRUCTION & LAND DEVELOPMENT LOANS
Included as construction and land development loans are those outstanding secured by real estate with
maturities of 60 months or less made to finance land development preparatory to erecting new structures
or the on-site construction of commercial, industrial, residential, or farm buildings. "Construction"
includes additions or alterations to existing structures and the demolition of existing structures to make
way for new structures. Also included are any such loans that were purchased but are serviced by other
entities. The income graphed below is shown before transfer pricing.
Construction & Land Development Loans Net Income
(Before Transfer Pricing)
10 ,,,,,,
a~A--~=====4r----~===~-7
~
::s
g
s~
0 ,,, ~--------
Assets up to $200 M
Assets > $200 M
Construction & Land Development Loans - Non-interest Income/ Total Income
(Before Transfer Pricing)
8 ,,,
c
...
Cl)
CJ
6
~
4
I/
2
I/
Cl)
C.
0 ,,, '----
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Assets up to $200 M
Assets > $200 M
33
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
This page left intentionally blank.
34
Construction & Land Development Loans
Dollars
9 Institutions
Assets up to $200 M
$ VOLUME (?F OUTSTANDINGS
Average# Loans Outstanding
Construction & Land Dev. Outstandings/Earning Assets
$2,322,313
Interest Income
5 Institutions
Assets > $200 M
$10,094,652
22
72
2.70%
2.44%
$208,098
$901,944
-Cost of Funds (COF)
$97.465
$502,129
Net Interest Income
+Non-Interest Income
$110,632
$399,816
Net Income Before Non-Interest Expense
$9,999
$37,580
$120,632
$437,396
-Non-Interest Expenses
Direct Expenses
Salary
Fringe Benefits
Personnel Expense
$9,686
$2,483
$12, 169
Vendor Data Processing
Furniture & Equipment
Printing, Postage, & Freight
Telephone & Electronic Access
• Occupancy
Professional Fees-Legal & Other
Credit Reports
Appraisal Fees
All Other Direct Expenses
Total Direct Expenses
Net Indirect Expenses
Total Non-Interest Expense
Net Income
Memo: Net Income Before COF
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$1 ,331
$0
$1 ,269
$4,466
$1 ,128
$2,242
$390
$1 ,288
$1,220
$7,321
$120
$2,020
$211
$2,244
$0
$0
$2,902
$6,197
$20,740
$73,150
$7,118
$27,858
-Net Loan Losses
35
$38,698
$8,675
$47,373
$35,465
$108,615
iQ
iQ
$92,773
$328,781
$190,238
$830,910
Construction & Land Development Loans
Percent of Construction & Land Development Loan $ Volume
$ VOLUME OF OUTSTANDINGS
9 Institutions
5 Institutions
Assets up to $200 M
Assets > $200 M
$2,322,313
$10,094,652
Interest Income
8.96%
-Cost of Funds (COF)
4.20%
4.97%
Net Interest Income
4.76%
+Non-Interest Income
0.43%
3.96%
0.37%
5.19%
4.33%
Net Income Before Non-Interest Expense
8.93%
-Non-Interest Expenses
Direct Expenses
Salary
Fringe Benefits
Personnel Expense
0.42%
0.11%
0.52%
0.38%
0.09%
0.47%
Vendor Data Processing
0.06%
0.00%
Furniture & Equipment
Printing, Postage, & Freight
0.05%
0.04%
0.05%
0.02%
Telephone & Electronic Access
Occupancy
0.02%
0.01%
0.05%
0.07%
Professional Fees - Legal & Other
Credit Reports
Appraisal Fees
0.01%
0.02%
0.01%
0.02%
0.00%
0.00%
All Other Direct Expenses
0.12%
0.06%
Total Direct Expenses
0.89%
0.72%
Net Indirect Expenses
Total Non-Interest Expense
0.31%
1.20%
0.35%
1.08%
-Net Loan Losses
0.00%
0.00%
Net Income
3.99%
3.26%
Memo: Net Income Before COF
8.19%
8.23%
Non-Interest Income/Total Direct Expenses
48.21%
51 .37%
Personnel Expense/Total Direct Expenses
58.67%
64.76%
Net Indirect Expenses/Total Direct Expenses
34 .32%
48.48%
0.27
1.28
Pre-Tax Ratios
Construction & Land Development Loans FTE Personnel
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
36
Construction & Land Development Loan Information
$ VOLUME OF OUTSTANDINGS
Average# Loans Outstanding
Average Size Loan
9 Institutions
5 Institutions
Assets up to $200 M
Assets > $200 M
$2,322,313
22
$104,504
$10,094,652
72
$140,204
# Loans Made
13
63
# Loans Serviced
23
72
# Payments Received
Electronic
Non Electronic
44.50
48.24
166.63
436.41
# Applications Received
Electronic
Non Electronic
# Applications Approved
FTE Personnel
0.00
0.00
19.44
79.40
15
63
0.27
1.28
Productivity Measures
Applications Approved/Applications Received
77.14%
79.60%
Loans Made/Applications Received
68.57%
78.84%
Loans Made/Applications Approved
88.89%
99.05%
Average_Number Loans Outstanding/FTE Personnel
82.99
56.34
Loans Made/FTE Personnel
Non-Interest lncome/FTE Personnel
Personnel Expense/FTE Personnel
$ Volume Outstanding/FTE Personnel
Item Costs
Applications-Electronic
Applications-NonElectronic
Payments-Electronic
Payments-Non Electronic
Loan Set Up
Loan Disbursement
Loan Draws & Advances
Loan Maintenance-Monthly
49.79
48.98
$37,341
$29,406
$45,444
$37,068
$8,672,538
$7,898,789
$0.00
$143.96
$0.13
$4.84
$193.32
$79.36
$13.71
$123.51
$0.00
$116.31
$0.12
$3.74
$156.18
$64.12
$11.08
$99.78
Average Costs
To Make a Loan
N/A
Electronic
Non Electronic
N/A
$416.64
$336.61
$117.46
$148.38
$112.29
$114.60
To Maintain a Loan-Monthly
Electronic
Non Electronic
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
37
Construction & Land Development Loans - Item Costs
9 Institutions
Assets up to $200 M
Net
Activity
Direct Expense
$0
$1,547
$538
$4
$1
$5
$502
$202
$704
$1,259
$431
$1,690
$517
$177
$694
$1,076
$326
$1,403
$14,942
$5,466
$20,408
Payments-Electronic
Payments-Non Electronic
Loan Set Up
Loan Disbursement
Loan Draws & Advances
Loan Maintenance
Direct
Net Indirect
Item Costs
Activity
Applications-Electronic
Total Expense
$0
$0
Applications-Electronic
Applications-Non Electronic
Indirect Expense
Item Costs
$2,085
Total
Item Costs
$0.00
$0.00
$0.00
$104.16
$39.80
$143.96
Payments-Electronic
$0.10
$0.03
$0.13
Payments-Non Electronic
$3.48
$1 .36
$4.84
$139.88
$53.44
$193.32
$57.42
$21.94
$79.36
$9.92
$3.79
$13.71
$89.37
$34.14
$123.51
$0
Indirect Expense
$0
Total Expense
$0
Applications-Non Electronic
$5,213
$2,566
$7,779
Payments-Electronic
Payments-Non Electronic
Loan Set Up
Loan Disbursement
$4
$1 ,013
$6,012
$2
$496
$2,904
$5
$1,509
$8,916
$2,468
Loan Draws & Advances
$2,991
$1 ,192
$1,432
$3,660
$4,423
$55,461
$26,873
$82,334
Applications-Non Electronic
Loan Set Up
Loan Disbursement
Loan Draws & Advances
Loan Maintenarice-Monthly
5 Institutions
Assets > $200 M
Net
Activity
Applications-Electronic
Loan Maintenance
Direct Expense
Direct
Activity
Applications-Electronic
Applications-Non Electronic
Item Costs
Net Indirect
Item Costs
Total
Item Costs
$0.00
$0.00
$0.00
$80.74
$35.56
$116.31
$0.12
Payments-Electronic
$0.09
$0.04
Payments-NonElectronic
$2.60
$1.14
$3.74
$108.43
$47.76
$156.18
Loan Disbursement
$44.51
$19.61
$64.12
Loan Draws & Advances
$7.69
$69.27
$3.39
$11 .08
$30.51
$99.78
Loan Set Up
Loan Maintenance-Monthly
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
38
Commercial and Other RE Loans
COMMERCIAL & OTHER REAL ESTATE LOANS
Included as commercial and other real estate loans are those secured by real estate, as evidenced by
mortgages or other liens on business or industrial properties, farmland, apartments and other multifamily
(5 or more) residential properties, hotels, churches, hospitals, educational and charitable institutions,
clubs, lodges, recreational facilities, and other similar properties. Also included are any such loans that
were purchased but are serviced by other entities. The income graphed below is shown before transfer
pricing.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Commercial & Other RE Loans Net Income
(Before Transfer Pricing)
10
0
'EG)
4
(.)
;
C.
2
0
Assets up to $200 M
Assets > $200 M
Commercial & Other RE Loans - Non-interest Income/ Total Income
(Before Transfer Pricing)
5
4
'E
G)
..
t
3
(J
2
Assets up to $200 M
Assets > $200 M
39
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
This page left intentionally blank.
40
Commercial and Other RE Loans
Dollars
12 Institutions
Assets up to $200 M
$ VOLUME OF OUTSTANDINGS
$16,STT,251
Average# Loans Outstanding
Commercial and Other Loan Outstandings/Eaming Assets
Interest Income
$64,099,2TT
198
312
14.92%
11.68%
$1,423,532
$637,548
$785,984
$26,748
$812,732
-Cost of Funds (COF)
Net Interest Income
+Non-Interest Income
Net Income Before Non-Interest Expense
9 Institutions
Assets > $200 M
$5,291,900
$2.361.373
$2,930,527
$248,140
$3,178,667
-Non-Interest Expenses
Direct Expenses
Salary
Fringe Benefits
Personnel Expense
Vendor Data Processing
Furniture & Equipment
$38,563
$8,969
$47,532
$109,899
$25,653
$135,552
$4,140
$8,909
$11,774
Printing, Postage, & Freight
$6,135
$3,316
Telephone & Electronic Access
Occupancy -
$1,159
$5,396
$7,398
$3,194
$16,221
$960
$344
$4,553
$5,893
Professional Fees-Legal & Other
Credit Reports
Appraisal Fees
All Other Direct Expenses
Total Direct Expenses
Net Indirect Expenses
Total Non-Interest Expense
-Net Loan Losses
Net Income
Memo: Net Income Before COF
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
41
$0
$4,882
$8,299
$TT,280
$22,936
$221,312
$31,224
$108,504
$73,017
$294,330
$14 757
$689,470
$92,139
$2,792,198
$1,327,019
$5,153,572
Commercial and Other RE Loans
Percent of Commercial and Other RE Loan $ Volume
12 Institutions
9 Institutions
Assets up to $200 M
Assets > $200 M
$16,STT,251
$ VOLUME OF OUTSTANDINGS
Interest Income
-Cost of Funds (COF)
Net Interest Income
+Non-Interest Income
Net Income Before Non-Interest Expense
$64,099,277
8.59%
8.26%
3.85%
4.74%
0.16%
4.90%
3.68%
4.57%
0.39%
4.96%
-Non-Interest Expenses
Direct Expenses
Salary
Fringe Benefits
Personnel Expense
0.23%
0.05%
0.29%
0.17%
0.04%
0.21%
Vendor Data Processing
Furniture & Equipment
Printing, Postage, & Freight
0.02%
0.01%
0.04%
0.02%
0.02%
0.01%
Telephone & Electronic Access
Occupancy
0.01%
0.00%
0.03%
0.03%
0.01%
Professional Fees - Legal & Other
Credit Reports
0.00%
0.00%
Appraisal Fees
All Other Direct Expenses
0.01%
0.01%
0.01%
0.05%
0.04%
Total Direct Expenses
0.47%
0.35%
Net Indirect Expenses
Total Non-Interest Expense
0.19%
0.65%
0.11%
0.46%
Net Income
0.09%
4.16%
0.14%
4.36%
Memo: Net Income Before COF
8.01%
8.04%
Non-Interest Income/Total Direct Expenses
34.61%
112.12%
Personnel Expense/Total Direct Expenses
61.51%
61.25%
Net Indirect Expenses/Total Direct Expenses
40.40%
32.99%
1.03
3.23
-Net Loan Losses
Pre-Tax Ratios
Commercial and Other Loans FTE Personnel
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
42
Commercial and Other RE Loan Information
12 Institutions
9 Institutions
Assets up to $200 M
Assets > $200 M
$16,577,251
198
$83,583
$ VOLUME OF OUTSTANDINGS
Average # Loans Outstanding
Average Size Loan
# Loans Made
# Loans Serviced
$64,099,277
312
$205,154
64
186
199
313
# Payments Received
Electronic
Non Electronic
437.68
848.85
1,414.24
2,682.69
# Applications Received
Electronic
NonElectronic
# Applications Approved
FTE Personnel
Productivity Measures
Applications Approved/Applications Received
Loans Made/Applications Received
Loans Made/Applications Approved
Average Number Loans Outstanding/FTE Personnel
Loans Made/FTE Personnel
Non-Interest lncome/FTE Personnel
Personnel Expense/FTE Personnel
$ Volume Outstanding/FTE Personnel
0.00
0.00
71 .91
234.44
65
193
1.03
3.23
90.52%
88.75%
98.04%
192.87
62.06
$26,011
$46,222
$16,120,503
Item Costs
Applications-Electronic
Applications-Non Electronic
Payments-Electronic
Payments-Non Electronic
Loan Set Up
Loan Disbursement
Loan Maintenance-Monthly
82.37%
79.19%
96.14%
96.83
57.54
$76,903
$42,010
$19,865,479
$0.00
$161 .24
$0.17
$4.33
$83.10
$29.91
$86.09
$0.00
$260.28
$0.13
$3.96
$134.14
$48.29
$78.63
N/A
$274.25
N/A
$442.71
Average Costs
To Make a Loan
Electronic
Non Electronic
To Maintain a Loan-Monthly
Electronic
Non Electronic
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$103.67
$90.42
43
$79.82
$82.58
Commercial and Other RE Loans - Item Costs
Assets up to $200 M
12 Institutions
Activity
Applications-Electronic
Applications-Non Electronic
Payments-Electronic
Payments-Non Electronic
Loan Set Up
Loan Disbursement
Loan Maintenance
Direct Expense
$0
$6,692
$33
$1,893
$2,857
$1 ,029
$63,812
Activity
Applications-Electronic
Applications-Non Electronic
Payments-Electronic
Payments-NonElectronic
Loan Set Up
Loan Disbursement
Loan Maintenance-Monthly
Item Costs
$0.00
$117.43
$0.12
$3.09
$60.52
$21.79
$61.46
Direct
9 Institutions
Net Indirect
Item Costs
$0.00
$43.81
$0.06
$1.24
$22.58
$8.13
$24.63
Total Expense
$0
$9,368
$46
$2,662
$4,039
$1,454
$90,332
Total
Item Costs
$0.00
$161.24
$0.18
$4.33
$83.10
$29.91
$86.09
Assets > $200 M
Activity
Applications-Electronic
Applications-Non Electronic
Payments-Electronic
Payments-Non Electronic
Loan Set Up
Loan Disbursement
Loan Maintenance
Direct Expense
$0
$33,889
$53
$5,821
$13,531
$4,871
$153 ,766
Activity
Applications-Electronic
Applications-Non Electronic
Payments-Electronic
Payments-Non Electronic
Loan Set Up
Loan Disbursement
Loan Maintenance-Monthly
Item Costs
$0.00
$188.93
$0.10
$2.87
$97.37
$35.05
$57.08
Direct
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Net
Indirect Expense
$0
$2,676
$13
$769
$1,182
$425
$26,519
44
Net
Indirect Expense
$0
$11,531
$17
$1,934
$4,701
$1,692
$53,144
Net Indirect
Item Costs
$0.00
$71 .34
$0.04
$1.08
$36.77
$13.23
$21.55
Total Expense
$0
$45,420
$70
$7,755
$18,232
$6,563
$206,910
Total
Item Costs
$0.00
$260.28
$0.13
$3.95
$134.14
$48.29
$78.63
FCA What-If Analysis - 1998 Data
Scenario:
Central States - Assets up to $200 M
BREAK-EVEN LOAN BALANCES
Institution Name:
Central St.- Assets to $200 M
Product Line:
Real Estate Loans
Product:
Commercial and Other
INPUT VARIABLES:
$274.25
Cost to Make a Loan
Cost to Process a Payment
Cost to Maintain a Loan - Monthly
Product Cost of Funds Rate :
$3.33
$86.09
3.85%
Loan Loss Rate :
0.09%
Non-Interest Income as % of Volume:
0.16%
INTEREST RA TES AND BREAK-EVEN LOAN BALANCES
Maturity
(Years)
5
10
15
Periods
(Payments)
60
120
180
6.75%
7.00%
7.25%
7.50%
$69,136
$63,650
$58,955
$54,892
$63,037
$57,947
$53,592
$49,824
$53,739
$49,643
$46,101
$43,123
$58,527
20
240
$54,878
$50,346
$46,472
25
300
$51,862
$47,554
$43,873
$40,692
30
360
$49,350
$45,238
$41,726
$38,693
Maturity
(Years)
Periods
(Payments)
7.75%
8.00%
8.25%
8.50%
5
60
$51,341
$48,210
$45,431
$42,946
10
120
$46,531
$43,630
$41,055
$38,754
15
180
$43,007
$40,283
$37,866
$35,706
20
240
$40,199
$37,626
$35,344
$33,306
$33,311
$31 ,380
$31,662
$29,825
25
300
$37,917
$35,475
30
360
$36,048
$33,722
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
45
FCA What-If Analysis - 1998 Data
Scenario:
Central States - Assets up to $200 M
BREAK-EVEN LOAN BAL NCES
Institution Name:
Central St.- Assets to $200 M
Product Line:
Real Estate Loans
Product:
Commercial and Other
Loan Break-Even Curves for Fixed Maturities
80 . . . . - - - - - - - - - - - - - - - - - - - - - - - - - 70
a:-------------------------
rn
"O
C
-+-5Year
cu
rn 40
::I
-■-15Year
...
-.-2svear
0
.c 30
~
20
10
0
6.75%
7.00%
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
7.25%
7.50%
7.75%
8.00%
1998 Market Interest Rate
46
8.25%
8.50%
FCA What-If Analysis - 1998 Data
Scenario:
Central States - Assets > $200 M
BREAK-EVEN LOAN BALANCES
Institution Name: Central States-Assets >$200 M
Product Line:
Real Estate Loans
Product:
Commercial and Other
INPUT VARIABLES:
$442.71
Cost to Make a Loan
Cost to Process a Payment
Cost to Maintain a Loan - Monthly
Product Cost of Funds Rate :
$3.04
$78.63
3.68%
Loan Loss Rate :
0.14%
Non-Interest Income as % of Volume:
0.39%
INTEREST RA TES AND BREAK-EVEN LOAN BALANCES
Maturity
(Years)
Periods
(Payments)
5
60
10
120
6.75%
7.00%
7.25%
$58,902
$54,675
$51 ,002
$47,781
7.50%
$52,892
$49,021
$45,659
$42,710
$42,112
$39,348
$36,742
15
180
$48,899
$45,267
20
240
$45,774
$42,337
$39,355
$39,957
$37,122
$34,641
$37,992
$35,287
$32,921
7.75%
8.00%
8.25%
8.50%
$44,932
$42,396
$40,124
$38,075
$37,785
$35,707
$33,835
$34,733
$32,788
$31 ,037
25
300
30
360
Maturity
(Years)
Periods
(Payments)
5
60
10
120
$43,224
$41 ,111
$40,104
15
180
$36,906
20
240
$34,435
$32,384
$30,549
$28,897
300
$32,451
$30,505
$28,765
$27,200
$30,833
$28,980
$27,323
$25,834
25
30
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
360
47
FCA What-If Analysis - 1998 Data
Scenario:
Central States - Assets > $200 M
BREAK-EVEN LOAN BALANCES
Institution Name: Central States-Assets >$200 M
Product Line:
Real Estate Loans
Product:
Commercial and Other
Loan Break-Even Curves for Fixed Maturities
50
en
1
40
~
1-
30
en
f-..:::=::==--.~==--=====--■==-----___:::~===---+--====:...
+-------=--==~===~~~::.:~==~~==~
.,,. 2 0 + - - - - - - - - - - - - - - - - - - - - - - - - -
0 --------........----------------------6.75%
7.00%
8.25%
8.50%
7.25%
7.50%
7.75%
8.00%
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
1998 Market Interest Rate
48
-+-5Year
-■-15Year
---+- 25 Year
Home Equity Loans
HOME EQUITY LOANS
Included as home equity loans are revolving, open-ended loans secured by real estate. Also included
are any .such loans that were purchased but are serviced by other entities. The income graphed below is
shown before transfer pricing.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Home Equity Loans Net Income
(Before Transfer Pricing)
10
~
8
;g
6
:::,
0
E
4
Cl)
u
;
2
Q.
0
Assets up to $200 M
Assets> $200 M
Home Equity Loans - Non-interest Income/ Total Income
(Before Transfer Pricing)
5
4
E
Cl)
3
;
2
u
Q.
1
0
Assets up to $200 M
Assets > $200 M
49
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
This page left intentionally blank.
50
Home Equity Loans
Dollars
$ VOLUME OF OUTSTANDINGS
Average # Loans Outstanding
Home Equity Outstandings/Earnings Assets
10 Institutions
9 Institutions
Assets up to $200 M
Assets > $200 M
$1 ,081,836
$30,466,736
81
1.28%
3.76%
$2,584,475
1,764
Interest Income
$95,951
-Cost of Funds (COF)
$43.373
$1.364.563
Net Interest Income
$52,579
$1,219,912
+Non-Interest Income
Net Income Before Non-Interest Expense
$2.362
$74.121
$54,940
$1,294,033
-Non-Interest Expenses
Direct Expenses
$16,283
Salary
Fringe Benefits
Personnel Expense
Vendor Data Processing
Furniture & Equipment
Printing, Postage, & Freight
Telephone & Electronic Access
Occupancy
Professional Fees-Legal & Other
Credit Reports
$188,408
$3,331
$45,153
$19,613
$233,561
$2,606
$2,647
$1,871
$32,867
$29,149
$21,554
$616
$2,760
$216
$337
$7,408
$31,759
$2,940
$6,242
$0
$100,699
$116,392
Total Direct Expenses
$3,549
$34,215
$582,571
Net Indirect Expenses
Total Non-Interest Expense
$11,668
$45,883
$157,323
$739,894
Appraisal Fees
All Other Direct Expenses
-Net Loan Losses
Net Income
Memo: Net Income Before COF
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
51
$Q
$41,396
$9,057
$512,742
$52,430
$1,877,305
Home Equity Loans
Percent of Home Equity Loans $ Volume
10 Institutions
Assets up to $200 M
$ VOLUME OF OUTSTANDINGS
$1,081,836
Interest Income
-Cost of Funds (COF)
Net Interest Income
+Non-Interest Income
Net Income Before Non-Interest Expense
9 Institutions
Assets > $200 M
$30,466,736
8.87%
8.48%
4.01%
4.86%
0.22%
5.08%
4.48%
4.00%
0.24%
4.25%
-Non-Interest Expenses
Direct Expenses
Salary
Fringe Benefits
Personnel Expense
1.51%
0.31%
1.81%
Vendor Data Processing
Furniture & Equipment
Printing, Postage, & Freight
0.62%
0.15%
0.77%
0.24%
0.11%
0.24%
0.17%
0.10%
0.07%
Telephone & Electronic Access
0.06%
0.02%
Occupancy
Professional Fees - Legal & Other
Credit Reports
0.26%
0.10%
0.02%
0.03%
0.01%
0.02%
Appraisal Fees
All Other Direct Expenses
0.00%
0.33%
0.33%
Total Direct Expenses
3.16%
1.91%
Net Indirect Expenses
1.08%
0.52%
Total Non-Interest Expense
4.24%
2.43%
-Net Loan Losses
0.38%
Net Income
0.00%
0.84%
0.14%
1.68%
Memo: Net Income Before COF
4.85%
6.16%
Non-Interest Income/Total Direct Expenses
6.90%
12.72%
Personnel Expense/Total Direct Expenses
57.32%
40.09%
Net Indirect Expenses/Total Direct Expenses
34.10%
27.01%
0.48
6.80
Pre-Tax Ratios
Home Equity Loans FTE Personnel
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
52
Home Equity Loan Information
10 Institutions
9 Institutions
Assets up to $200 M
Assets > $200 M
$1,081,836
81
$13,439
$ VOLUME OF OUTSTANDINGS
Average# Loans Outstanding
Average Size Loan
$30,466,736
1,764
$17,267
# Loans Made
31
537
# Loans Serviced
81
1,764
# Payments Received
Electronic
249.20
2,716.83
Non Electronic
822.42
20,682.16
# Applications Received
Electronic
0.00
44.40
Non Electronic
# Applications Approved
FTE Personnel
Productivity Measures
Applications Approved/Applications Received
Loans Made/Applications Received
Loans Made/Applications Approved
Average Number Loans Outstanding/FTE Personnel
Loans Made/FTE Personnel
Non-Interest lncome/FTE Personnel
Personnel Expense/FTE Personnel
$ Volume Outstanding/FTE Personnel
31
584
0.48
6.80
70.50%
70.50%
100.00%
169.47
65.89
$4,972
$41,291
$2,277,549
Item Costs
Applications-Electronic
Applications-Non Electronic
Payments-Electronic
Payments-Non Electronic
Loan Set Up
Loan Disbursement
Loan Maintenance-Monthly
0.00 .
598.78
$0.00
$65.30
$0.04
$1 .29
$42.55
$9.93
$44.70
91.43%
84.11%
91.99%
259.65
79.09
$10,907
$34,370
$4,483,333
$0.00
$72.51
$0.04
$1.43
$47.25
$11.02
$49.63
Average Costs
To Make a Loan
Electronic
Non Electronic
N/A
N/A
$117.78
$130.78
$47.10
$45.99
$37.04
$51.07
To Maintain a Loan-Monthly
Electronic
Non Electronic
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
53
Home Equity Loans - Item Costs
Assets up to $200 M
10 Institutions
Net
Activity
Applications-Electronic
Direct Expense
$0
Indirect Expense
$0
Total Expense
$0
$2,844
$2,116
$727
$9
$4
$13
Payments-Non Electronic
$668
$233
$901
Loan Set Up
$939
$335
$1,274
Loan Disbursement
$219
$78
$297
$28,014
$10,291
$38,305
Direct
Net Indirect
Total
Item Costs
Applications-Non Electronic
Payments-Electronic
Loan Maintenance
Activity
Item Costs
Item Costs
Applications-Electronic
Applications-NonElectronic
$0.00
$0.00
$0.00
$48.23
$17.07
$65.30
$0.05
Payments-Electronic
$0.03
$0.01
Payments-NonElectronic
$0.95
$0.34
$1.29
$31.43
$11.13
$42.55
Loan Set Up
Loan Disbursement
Loan Maintenance-Monthly
$7.33
$2.60
$9.93
$33.02
$11.69
$44.70
9 Institutions
Assets > $200 M
Net
Activity
Applications-Electronic
Direct Expense
$0
Indirect Expense
$0
Total Expense
$0
$25,011
$19,042
$5,969
$52
$14
$65
Payments-Non Electronic
$13,244
$3,984
$17,228
Loan Set Up
Loan Disbursement
$11,123
$2,595
$3,371
$787
$14,495
$3,382
Loan Maintenance
$473,571
$142,664
$616,235
Direct
Net Indirect
Activity
Applications-Electronic
Item Costs
Applications-Non Electronic
Payments-Electronic
Item Costs
Total
Item Costs
$0.00
$0.00
$0.00
$51.00
$21.50
$72.51
Payments-Electronic
$0.03
$0.01
$0.04
Payments-NonElectronic
$1 .01
$0.42
$1.43
$33.24
$14.01
$47.25
Applications-NonElectronic
Loan Set Up
Loan Disbursement
Loan Maintenance-Monthly
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$7.76
$3.27
$11.02
$34.92
$14.72
$49.64
54
Installment Loans Summary
Dollars
$ VOLUME OF OUTSTANDINGS
14 Institutions
10 Institutions
Assets up to $200 M
Assets > $200 M
$9,538,206
$58,463,075
Average# Loans Outstanding
1,919
10,036
Installment Loan Outstandings/Earning Assets
10.04%
Interest Income
10.66%
$947,333
$5,001 ,934
-Cost of Funds (COF)
$353.460
Net Interest Income
$593,873
$35,244
$2.197. 202
$2,804,732
+Non-Interest Income
Net Income Before Non-Interest Expense
$368,205
$629,117
$3,172,936
-Non-Interest Expenses
Direct Expenses
Salary
Fringe Benefits
Personnel Expense
$127,996
$30,054
$158,050
$423,405
$95,102
$518,507
Vendor Data Processing
Furniture & Equipment
Printing, Postage, & Freight
Telephone & Electronic Access
Occupancy
Franchise Fees
•Professional Fees-Legal & Other
Credit Reports
All Other Direct Expenses
Total Direct Expenses
$21 ,739
$23,220
$11 ,564
$4,828
$19,846
$14,257
$2,894
$7,883
$40,919
$305,201
$113,000
$65,493
$35,307
$18,950
$67,977
$144,321
$5,520
$25,638
$185,202
$1,179,915
Net Indirect Expenses
Total Non-Interest Expense
$115,201
$420,402
$348,464
$1,528,379
$39,221
-Net Loan Losses
-Credit Card Fraud Losses
Net Income
$169,494
$313,079
$27,946
$1 ,303,533
Memo: Net Income Before COF
$522,954
$3,500,734
$Q
Composition of Installment Loan Portfolio
Assets up to $200 M
19%
Loan Type
Automobile
Assets > $200 M
□
Credit Card
■
Automobile
□
Com I Install.
□
0th Consumer
■
Student
11%
4%
□
Volume
Loan Type
Automobile
$6,763,765
Credit Card
■
Automobile
□
□
Com I Install
0th Consumer
■
Student
Volume
$38,934,303
Other Consumer
$1 ,865,269
Other Consumer
$6,276,146
$9,118,730
Commercial Installment
$2,151,392
Commercial Installment
Credit Card
$0
$2,436,045
Student Loans
Credit Card
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Student Loans
$170,922
$623,778
55
Installment Loan Summary
Percent of Installment Loan $ Volume
$ VOLUME OF OUTSTANDINGS
14 Institutions
1 0 Institutions
Assets up to $200 M
Assets > $200 M
$9,538,206
9.93%
Interest Income
$58,463,075
8.56%
-Cost of Funds (COF)
3.71%
3.76%
Net Interest Income
+Non-Interest Income
Net Income Before Non-Interest Expense
6.23%
0.37%
6.60%
4.80%
0.63%
5.43%
-Non-Interest Expenses
Direct Expenses
Salary
Fringe Benefits
Personnel Expense
1.34%
0.32%
1.66%
0.72%
0.16%
0.89%
Vendor Data Processing
Furniture & Equipment
Printing, Postage, & Freight
Telephone & Electronic Access
Occupancy
Franchise Fees
Professic;mal Fees - Legal & Other
Credit Reports
All Other Direct Expenses
Total Direct Expenses
0.23%
0.24%
0.12%
0.05%
0.21%
0.15%
0.03%
0.08%
0.43%
0.19%
0.11%
0.06%
0.03%
0.12%
0.25%
0.01%
0.04%
0.32%
3.20%
2.02%
Net Indirect Expenses
Total Non-Interest Expense
1.21%
4.41%
0.60%
2.61%
-Net Loan Losses
-Credit Card Fraud Losses
Net Income
0.41%
0.00%
1.78%
0.54%
0.05%
2.23%
Memo: Net Income Before COF
5 .48%
5 .99%
Pre-Tax Ratios
Non-Interest Income/Total Direct Expenses
11 .55%
31 .21 %
Personnel Expense/Total Direct Expenses
51.79%
43.94%
Net Indirect Expenses/Total Direct Expenses
37.75%
29.53%
4.31
14.31
Installment Loan FTE Personnel
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
56
Contribution to Installment Loan Income and Direct Expenses
Contribution to Installment Loan Income*
$3,500,000
$3,000,000
$2,500,000
$2,000,000
$1,500,000
$1,000,000
$500,000
$0
•
□
Assets up to
$200M
■ Assets>
$200 M
Auto
Student
Cm I Install.Credit Card
0th
Consumer
Loan Type
Automobile
14 Institutions
10 Institutions
Assets up to $200 M
Assets > $200 M
$648,851
$14,918
$218,709
$224,486
$94,081
Student Loans
Other Consumer
Commercial Installment
Credit Card
$3,332,006
$491,339
$860,193
$0
$590,371
Contribution to Installment Loan Direct Expenses
$700,000
$600,000
$500,000
□
$400,000
$300,000
$200,000
$100,000
$0 +-_.____
Auto
Assets up to
$200M
■ Assets>
$200 M
Student
0th
Consumer
Cm I Install.
Credit Card
14 Institutions
Assets up to $200 M
10 Institutions
Assets > $200 M
Loan Type
$130,694
$3,882
$115,493
$50,011
$51,478
Automobile
Student Loans
Other Consumer
Commercial Installment
Credit Card
• lncome=lnterest Income+ Non-Interest Income
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
57
$634,674
$35,264
$193,012
$0
$215,416
Automobile Loans
AUTOMOBILE LOANS
This product includes loans made to individuals for the purpose of buying private passenger
automobiles, small trucks, or sport utility vehicles. The income graphed below is shown before transfer
pricing.
•
Automobile Loans Net Income
(Before Transfer Pricing)
~
::::,
0
>
0
"E
10
/
8
/
6
/
4
/
2
.,....- 1
G)
...u
G)
c..
0
I
/ ~ -- --
Assets up to $200 M
Assets > $200 M
Automobile Loans - Non-interest Income/ Total Income
(Before Transfer Pricing)
2.50 -2.00
~
1.50
cf
1.00
u
0.50
0.00
-~-
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Assets up to $200 M
Assets > $200 M
58
Automobile Loans
Dollars
$ VOLUME QF OUTSTANDINGS
Average # Loans Outstanding
13 Institutions
10 Institutions
Assets up to $200 M
Assets > $200 M
$6,763,765
$38,934,303
957
4,441
7.19%
Automobile Loan Outstandings/Earnings Assets
6.50%
Interest Income
$636,033
-Cost of Funds (COF)
$246,972
$1,430,718
Net Interest Income
$389,060
$1,830,178
+Non-Interest Income
Net Income Before Non-Interest Expense
$3,260,895
$15,149
lli..111
$404,209
$1,901,288
-Non-Interest Expenses
Direct Expenses
Salary
Fringe Benefits
Personnel Expense
$57,141
$13,357
$70,498
$294,848
$64,715
$359,562
$9,208
$41,622
$10,978
$44,756
Printing, Postage, & Freight
$5,520
$22,571
Telephone & Electronic Access
$2,233
$13,435
Occupancy
$9,803
$44,206
Professional Fees-Legal & Other
$1 ,502
$2,038
Credit Reports
$5,606
$19,043
Vendor Data Processing
Furniture & Equipment
$23,974
$106,809
Total Direct Expenses
$139,322
$654,042
Net Indirect Expenses
Total Non-Interest Expense
$54,091
$193,413
$207,864
$861,906
All Other Direct Expenses
-Net Loan Losses
Net Income
Memo: Net Income Before COF
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
59
$18,991
$147,958
$191,805
$891,424
$438,777
$2,322,142
Automobile Loans
Percent of Automobile Loan $ Volume
$ VOLUME OF OUTSTANDINGS
13 Institutions
10 Institutions
Assets up to $200 M
Assets > $200 M
$6,763,765
Interest Income
-Cost of Funds (COF)
Net Interest Income
+Non-Interest Income
Net Income Before Non-Interest Expense
$38,934,303
9.40%
8.38%
3.65%
5.75%
0.22%
5.98%
3.67%
4.70%
0.18%
4.88%
-Non-Interest Expenses
Direct Expenses
Salary
Fringe Benefits
Personnel Expense
0.84%
0.20%
1.04%
0.76%
0.17%
0.92%
Vendor Data Processing
Furniture & Equipment
Printing, Postage, & Freight
Telephone & Electronic Access
Occupancy
Professional Fees - Legal & Other
Credit Reports
All Other Direct Expenses
Total Direct Expenses
0.14%
0.16%
0.08%
0.03%
0.14%
0.11%
0.11%
0.06%
0.03%
0.11%
0.02%
0.08%
0.35%
2.06%
0.01%
0.05%
0.27%
1.68%
Net Indirect Expenses
Total Non-Interest Expense
0.80%
2.86%
0.53%
2.21%
Net Income
0.28%
2.84%
0.38%
2.29%
Memo: Net Income Before COF
6.49%
5.96%
Non-Interest Income/Total Direct Expenses
10.87%
10.87%
Personnel Expense/Total Direct Expenses
50.60%
54.98%
Net Indirect Expenses/Total Direct Expenses
38.82%
31 .78%
1.96
9.60
-Net Loan Losses
Pre-Tax Ratios
Automobile Loans FTE Personnel
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
60
Automobile Loan Information
13 Institutions
10 Institutions
Assets up to $200 M
Assets > $200 M
$6,763,765
957
$7,065
$ VOLUME OF OUTSTANDINGS
Average # Loans Outstanding
Average Size Loan
# Loans Made
# Loans Serviced
571
958
$38,934,303
4,441
$8,766
2,242
4,430
# Payments Received
Electronic
Non Electronic
# Applications Received
Electronic
Non Electronic
# Applications Approved
683.56
10,177.33
4,242.39
48,365.91
0.00
836.00
0.00
4,237.00
658
2,497
1.96
9.60
Productivity Measures
Applications Approved/ Applications Received
78.69%
58.93%
Loans Made/Applications Approved
86.79%
FTE Personnel
89.78%
Average Number Loans Outstanding/FTE Personnel
487.85
462.84
233.61
Loans Made/FTE Personnel
290.94
Non-Interest lncome/FTE Personnel
$7,720
$7,410
Personnel Expense/FTE Personnel
$35,926
$37,470
$3,446,842
$4,057,347
$ Volume Outstanding/FTE Personnel
Item Costs
Applications-Electronic
Applications-Non Electronic
Payments-Electronic
Payments-Non Electronic
Loan Set Up
Loan Disbursement
Loan Maintenance-Monthly
$0.00
$31.29
$0.10
$1 .72
$66.99
$11 .39
$0.00
$33.83
$0.11
$1.86
$72.44
$12.32
$11.60
$12.54
Average Costs
To Make a Loan
Electronic
Non Electronic
N/A
$109.67
N/A
$118.58
To Maintain a Loan-Monthly
Electronic
Non Electronic
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$11.65
$13.32
61
$12.65
$14.40
Automobile Loans - Item Costs
13 Institutions
Assets up to $200 M
Net
Activity
Applications-Electronic
Direct Expense
Applications-Non Electronic
Payments-Electronic
Indirect Expense
Total Expense
$0
$0
$0
$14,854
$5,982
$20,836
$48
$21
$69
$9,873
$3,992
$13,865
$21,093
$8,585
$29,678
Loan Disbursement
$3,586
$1,460
$5,046
Loan Maintenance
$80,154
$33,592
$113,746
Payments-Non Electronic
Loan Set Up
Activity
Applications-Electronic
Applications-Non Electronic
Payments-Electronic
Payments-Non Electronic
Loan Set Up
Loan Disbursement
Loan Maintenance-Monthly
10 Institutions
Direct
Net Indirect
Item Costs
$0.00
$22.23
$0.07
$1.22
$47.59
$8.09
$8.24
Item Costs
$0.00
$9.06
$0.03
$0.50
$19.40
$3.30
$3.36
Total
Item Costs
$0.00
$31.29
$0.10
$1.72
$66.99
$11.39
$11.60
Assets > $200 M
Net
Activity
Applications-Electronic
Applications-Non Electronic
Payments-Electronic
Direct Expense
Indirect Expense
Total Expense
$0
$0
$0
$83,531
$25,703
$109,234
$380
$154
$533
Payments-NonElectronic
$51 ,710
$16,683
$68,393
Loan Set Up
Loan Disbursement
$94,693
$16,100
$30,053
$5,110
$124,746
Loan Maintenance
$388,009
$130,068
$518 ,076
Activity
Applications-Electronic
Applications-Non Electronic
Payments-Electronic
Payments-Non Electronic
Loan Set Up
Loan Disbursement
Loan Maintenance-Monthly
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Direct
Net Indirect
Item Costs
$0.00
$24.92
$0.08
$1.37
$53.37
$9.07
$9.24
Item Costs
$0.00
$8.91
$0.03
$0.49
$19.07
$3.24
$3.30
62
$21 ,209
Total
Item Costs
$0.00
$33.83
$0.11
$1.86
$72.44
$12.32
$12.54
FCA What-If Analysis - 1998 Data
Scenario:
Central States - Assets up to $200 M
BREAK-EVEN LOAN BALANCES
Institution Name:
Central St-Assets to $200 M
Product Line:
Installment Loans
Product:
Automobile
INPUT VARIABLES:
$109.67
Cost to Make a Loan
Cost to Process a Payment
$1 .62
Cost to Maintain a Loan - Monthly
Product Cost of Funds Rate :
$11.60
3.65%
Loan Loss Rate :
0.28%
Non-Interest Income as % of Volume:
0.22%
INTEREST RA TES AND BREAK-EVEN LOAN BALANCES
Maturity
(Years)
Periods
(Payments)
6.75%
7.50%
8.50%
9.00%
1
12
$16,171
$12,957
$10,236
$9,262
2·
24
$13,179
$10,547
$8,320
$7,522
3
36
$12,022
$9,610
$7,569
$6,839
$6,439
4
48
$11,356
$9,068
$7,132
5
60
$10,895
$8,690
$6,826
$6,158
Maturity
(Years)
Periods
(Payments)
9.50%
10.00%
11.00%
12.00%
1
12
$8,456
$7,778
$6,701
$5,884
$4,757
2
24
$6,862
$6,307
$5,425
3
36
$6,234
$5,725
$4,918
$4,306
$4,618
$4,037
$4,405
$3,846
4
48
$5,865
$5,383
5
60
$5,606
$5,142
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
63
FCA What-If Analysis - 1998 Data
Scenario:
Central States - Assets up to $200 M
BREAK-EVEN LOAN BALANCES
Institution Name:
Central St.- Assets to $200 M
Product Line:
Installment Loans
Product:
Automobile
Loan Break-Even Curves for Fixed Maturities
18
16
14
fl)
"Cl
C
ca
10
::::,
0
8
~1Year
fl)
.c
..,.I-
-•-3Year
......,_5Year
6
4
2
0
6.75%
7.50%
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
8.50%
9.00%
9.50%
10.00%
1998 Market Interest Rate
64
11.00%
12.00%
FCA What-If Analysis - 1998 Data
Central States - Assets > $200 M
Scenario:
BREAK-EVEN LOAN BALANCES
Institution Name:
Central States-Assets >$200 M
Product Line:
Installment Loans
Product:
Automobile
INPUT VARIABLES:
$118.58
Cost to Make a Loan
Cost to Process a Payment
$1 .72
Cost to Maintain a Loan - Monthly
Product Cost of Funds Rate :
$12.54
3.67%
Loan Loss Rate :
0.38%
Non-Interest Income as % of Volume:
0.18%
INTEREST RA TES AND BREAK-EVEN LOAN BALANCES
Maturity
(Years)
1
2·
Periods
(Payments)
12
24
6.75%
7.50%
8.50%
9.00%
$10,314
$18,433
$14,608
$11 ,436
$15,015
$11 ,885
$9,290
$8,372
$8,449
$7,608
$7,958
$7,161
3
36
$13,691
$10,825
4
48
$12,929
$10,212
$12,400
$9,784
$7,615
$6,847
Periods
(Payments)
9.50%
10.00%
11.00%
12.00%
1
12
$9,391
$8,618
$7,399
$6,479
2
24
$7,617
$6,985
$5,987
$5,235
36
$6,917
$6,338
$5,425
$4,737
$6,506
$5,958
$5,093
$4,440
$6,217
$5,689
$4,857
$4,229
5
60
Maturity
(Years)
3
4
5
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
48
60
65
FCA What-If Analysis - 1998 Data
Scenario:
Central States - Assets > $200 M
BREAK-EVEN LOAN BALANCES
Institution Name:
Central States-Assets >$200 M
Product Line:
Installment Loans
Product:
Automobile
Loan Break-Even Curves for Fixed Maturities
20
18
16
ti)
"O
-+-1 Year
C
ca
ti)
10
-•-3 Year
.c
8
___..,._5 Year
:::,
0
.,.I-
6
4
2
0
6.75%
7.50%
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
8.50%
9.00%
9.50%
10.00%
1998 Market Interest Rate
66
11.00%
12.00%
Other Consumer Loans
OTHER CONSUMER LOANS
This product includes all other consumer installment loans, such as check credit loans, mobile home
loans (if not secured by real estate), non-preauthorized overdrafts in consumer checking accounts, and
consumer lease financing receivables. The income graphed below is shown before transfer pricing.
Other Consumer Loans Net Income
(Before Transfer Pricing)
10
-I
l
~:::,
8
/
0
6
/
c
4
/
>
0
Cl)
0
"-
Cl)
C.
:
I
-
!
"
..
-
.
i
2
0
/
.
I
I
I
I
,.,..)------
Assets up to $200 M
Assets> $200 M
Other Consumer Loans - Non-interest Income/ Total Income
(Before Transfer Pricing)
5.00 ---- ,
4.00
c
Cl)
-, --.
3.00
0
a;
C.
2.00
1.00
0.00
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Assets> $200 M
Assets up to $200 M
73
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
This page left intentionally blank.
74
Other Consumer Loans
Dollars
8 Institutions
10 Institutions
Assets up to $200 M
Assets > $200 M
$976,168
$9,118,730
Average# Loans Outstanding
357
1,918
Other Consumer Loan Outstandings/Earning Assets
1.35%
2.57%
$ VOLUME OF OUTSTANDINGS
Interest Income
$117,066
$847,105
-Cost of Funds (COF)
$36.776
$327.969
Net Interest Income
$80,290
$519,136
+Non-Interest Income
Net Income Before Non-Interest Expense
$5,467
$21.812
$85,757
$540,948
-Non-Interest Expenses
Direct Expenses
Salary
Fringe Benefits
Personnel Expense
Vendor Data Processing
Furniture & Equipment
Printing, Postage, & Freight
Telephone & Electronic Access
Occupancy
Professional Fees-Legal & Other
Credit Reports
All Other Direct Expenses
Total Direct Expenses
Net Indirect Expenses
Total Non-Interest Expense
-Net Loan Losses
Net Income
Memo: Net Income Before COF
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
75
$22,365
$5,068
$27,433
$77,633
$18.091
$95,724
$2,048
$15,673
$3,537
$13,291
$2,369
$8,705
$555
$3,434
$3,039
$15,783
$451
$1,458
$2,008
$4,486
$4,059
$41,759
$45,499
$200,314
$14,568
$60,067
$75.401
$275,715
$3,792
$57,415
$21,898
$207,818
$58,675
$535,788
Other Consumer Loans
Percent of Other Consumer Loan $ Volume
$ VOLUME OF OUTSTANDINGS
8 Institutions
1O Institutions
Assets up to $200 M
Assets > $200 M
$976,168
Interest Income
-Cost of Funds (COF)
Net Interest Income
+Non-Interest Income
Net Income Before Non-Interest Expense
$9,118,730
11 .99%
9.29%
3.77%
8.23%
0.56%
8.79%
3.60%
5.69%
0.24%
5.93%
-Non-Interest Expenses
Direct Expenses
Salary
Fringe Benefits
Personnel Expense
2.29%
0.52%
2.81%
0.85%
0.20%
1.05%
Credit R~ports
All Other Direct Expenses
Total Direct Expenses
0.21%
0.36%
0.24%
0.06%
0.31%
0.05%
0.21%
0.42%
4.66%
0.17%
0.15%
0.10%
0.04%
0.17%
0.02%
0.05%
0.46%
2.20%
Net Indirect Expenses
Total Non-Interest Expense
1.49%
6.15%
0.83%
3.02%
-Net Loan Losses
Net Income
0.39%
2.24%
0.63%
2.28%
Memo: Net Income Before COF
6.01%
5.88%
Non-Interest Income/Total Direct Expenses
12.02%
10.89%
Personnel Expense/Total Direct Expenses
60.29%
47.79%
Net Indirect Expenses/Total Direct Expenses
32.02%
37 .64%
0.62
3.02
Vendor Data Processing
Furniture & Equipment
Printing, Postage, & Freight
Telephone & Electronic Access
Occupancy
Professional Fees - Legal & Other
Pre-Tax Ratios
Other Consumer Loans FTE Personnel
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
76
Other Consumer Loan Information
8 Institutions
10 Institutions
Assets up to $200 M
Assets > $200 M
$976, 168
357
$2,732
$ VOLUME OF OUTSTANDINGS
Average# Loans Outstanding
Average Size Loan
# Loans Made
# Loans Serviced
# Payments Received
Electronic
Non Electronic
# Applications Received
Electronic
Non Electronic
$9,118,730
1,918
$4,755
180
359
742
1,918
253.38
3,794.99
3,435.06
17,022.25
0.00
0.00
300.63
932.50
225
746
0.62
3.02
Applications Approved/Applications Received
74.70%
79.98%
Loans Made/Applications Approved
80.26%
# Applications Approved
FTE Personnel
Productivity Measures
99.49%
Average Number Loans Outstanding/FTE Personnel
576.41
635.70
Loans Made/FTE Personnel
290.73
245.94
Non-Interest lncome/FTE Personnel
$8,818
$7,230
Personnel Expense/FTE Personnel
$44,247
$31,728
$1,574,465
$3,022,450
$ Volume Outstanding/FTE Personnel
Item Costs
Applications-Electronic
Applications-Non Electronic
Payments-Electronic
Payments-Non Electronic
Loan Set Up
Loan Disbursement
Loan Maintenance-Monthly
$0.00
$30.26
$0.22
$3.63
$76.62
$11.02
$11.38
$0.00
$39.93
$0.17
$4.78
$101.12
$14.54
$15.02
Average Costs
To Make a Loan
Electronic
Non Electronic
N/A
To Maintain a Loan-Monthly
Electronic
Non Electronic
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
77
N/A
$117.90
$155.60
$11.60
$15.01
$8.98
$19.81
Other Consumer Loans - Item Costs
8 Institutions
Assets up to $200 M
Net
Activity
Direct Expense
Applications-Electronic
Applications-Non Electronic
Indirect Expense
Total Expense
$0
$0
$0
$4,049
$1,367
$5,416
$24
$8
$32
Payments-Non Electronic
$5,749
$2,020
$7,769
Loan Set Up
$8,285
$2,647
$10,932
Loan Disbursement
$1,191
$381
$1,572
Loan Maintenance
$24,449
$8,145
$32,594
Paym ants-Electronic
Net Indirect
Direct
Item Costs
Activity
Applications-Electronic
Applications-Non Electronic
Payments-Electronic
Payments-Non Electronic
Loan Set Up
Loan Disbursement
Loan Maintenance-Monthly
$0.00
$7.16
$0.05
$0.86
$18.13
$2.61
$2.69
Total
Item Costs
$0.00
$30.26
$0.21
$3.63
$76.62
$11.02
$11.38
Indirect Expense
Total Expense
Item Costs
$0.00
$23.10
$0.16
$2.77
$58.49
$8.41
$8.69
10 Institutions
Assets > $200 M
Net
Activity
Applications-Electronic
Direct Expense
$0
$0
$0
Applications-NonElectronic
$14,490
$6,125
$20,614
Payments-Electronic
Payments-Non Electronic
$257
$29 ,965
$110
$10,422
Loan Set Up
$29,183
$12,353
$366
$40,388
$41,536
Loan Disbursement
Loan Maintenance
Activity
Applications-Electronic
Applications-Non Electronic
Payments-Electronic
Payments-Non Electronic
Loan Set Up
Loan Disbursement
Loan Maintenance-Monthly
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$4,196
$1,776
$5,972
$114,947
$44,627
$159,575
Direct
Item Costs
$0.00
$28.74
$0.13
$3.44
$72.76
$10.46
$10.81
78
Net Indirect
Item Costs
$0.00
$11.20
$0.04
$1.34
$28.36
$4.08
$4.22
Total
Item Costs
$0.00
$39.94
$0.17
$4.78
$101.12
$14.54
$15.02
Commercial Installment Loans
COMMERCIAL INSTALLMENT LOANS
Commercial installment loans are commercial, industrial and agricultural loans that are paid in regular
installments and/or are serviced by the institutions' consumer lending personnel. FCA separates these
loans from other commercial loans due to their different processing requirements. The income graphed
below is shown before transfer pricing.
Commercial Installment Loans Net Income
(Before Transfer Pricing)
10
8
6
'E
4
G)
(,)
...
~
2
Assets up to $200 M
Assets > $200 M
Commercial Installment Loans - Non-interest Income/ Total Income
(Before Transfer Pricing)
14
12
10
'E
...~
~
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
8
6
4
2
0 ~::::::::::::J
Assets up to $200 M
Assets > $200 M
79
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
This page left intentionally blank.
80
Commercial Installment Loans
Dollars
7 Institutions
Assets UR to 1200 M
$ VOLUME OF OUTSTANDINGS
Average # Loans Outstanding
Commercial Installment Outstandings/Eaming Assets
$2,151,392
91
2.44%
Interest Income
2 Institutions•
Assets > 1200 M
$0
0
0.00%
$213,571
$0
-Cost of Funds (COF)
$76,764
lfl
Net Interest Income
$136,807
$0
+Non-Interest Income
$15,280
~
$0
Net Income Before Non-Interest Expense
$152,088
-Non-Interest Expenses
Direct Expenses
Salary
Fringe Benefits
Personnel Expense
$25,108
$6.439
$31,547
$0
~
$0
Vendor Data Processing
$2,930
$0
Furniture & Equipment
$4,955
$0
Printing, Postage, & Freight
$2,560
$0
Telephone & Electronic Access
Occupancy
Professional Fees-Legal & Other
Credit Reports
All Other Direct Expenses
$828
$0
$3,971
$0
$0
$0
$422
$0
$6,659
Total Direct Expenses
$53,871
~
$0
Net Indirect Expenses
Total Nonlnterest Expense
$21,926
$75,797
$0
$5.451
$70,840
$0
$147,605
$0
- Net Loan Losses
Net Income
Memo: Net Income Before COF
• Averages not calculated due to insufficient data.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
81
~
~
Commercial Installment Loans
Percent of Commercial Installment Loan $ Volume
7 Institutions
Assets up to $200 M
$ VOLUME OF OUTSTANDINGS
$2,151,392
2 Institutions •
Assets > $200 M
$0
Interest Income
9.93%
0.00%
-Cost of Funds (COF)
Net Interest Income
+Non-Interest Income
Net Income Before Non-Interest Expense
3.57%
6.36%
0.00%
0.00%
0.71%
0.00%
7.07%
0.00%
-Non-Interest Expenses
Direct Expenses
Salary
Fringe Benefits
Personnel Expense
Vendor Data Processing
Furniture & Equipment
Printing, Postage, & Freight
Telephone & Electronic Access
Occupancy
Professional Fees - Legal & Other
Credit R'eports
All Other Direct Expenses
Total Direct Expenses
1.17%
0.30%
1.47%
0.00%
0.00%
0.14%
0.00%
0.02%
0.31%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
2.50%
0.00%
0.23%
0.12%
0.04%
0.18%
0.00%
1.02%
0.00%
3.52%
0.00%
-Net Loan Losses
0.25%
0.00%
Net Income
3.29%
0.00%
Memo: Net Income Before COF
6.86%
0.00%
Non-Interest Income/Total Direct Expenses
28.36%
0.00%
Personnel Expense/Total Direct Expenses
58.56%
0.00%
Net Indirect Expenses/Total Direct Expenses
40.70%
0.00%
0.74
0.00
Net Indirect Expenses
Total Non-Interest Expense
Pre-Tax Ratios
Commercial Installment Loans FTE Personnel
• Averages not calculated due to insufficient data.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
82
Commercial Installment Loan Information
7 Institutions
Assets up to $200 M
$ VOLUME OF OUTSTANDINGS
Average # Loans Outstanding
Average Size Loan
$2,151,392
91
$23,716
# Loans Made
# Loans Serviced
# Payments Received
Electronic
Non Electronic
2 Institutions •
Assets > $200 M
$0
0
$0
62
0
96
0
212.33
0.00
8TT.57
0.00
# Applications Received
Electronic
Non Electronic
# Applications Approved
FTE Personnel
0.00
0.00
75.17
0.00
66
0
0.74
0.00
Productivity Measures
Applications Approved/Applications Received
87.80%
0.00%
Loans Made/Applications Approved
93.69%
0.00%
Averag~ Number Loans Outstanding/FTE Personnel
Loans Made/FTE Personnel
121.88
0.00
83.08
0.00
Non-Interest lncome/FTE Personnel
$20,530
$0
Personnel Expense/FTE Personnel
$42,385
$0
$2,890,546
$0
$ Volume Outstanding/FTE Personnel
Item Costs
Applications-Electronic
Applications-Non Electronic
Payments-Electronic
Payments-Non Electronic
Loan Set Up
Loan Disbursement
Loan Maintenance-Monthly
Average Costs
To Make a Loan
$0.00
$0.00
$0.35
$0.00
$17.66
$0.00
$73.59
$0.00
$8.76
$000
$143.95
$0 00
$368.19
NIA
NIA
$153.48
NIA
$161.61
N/A
NIA
Electronic
Non Electronic
To Maintain a Loan-Monthly
Electronic
Non Electronic
• Averages not calculated due to insufficient data.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$0.00
$285.84
83
Commercial Installment Loans - Item Costs
7 Institutions
Assets up to $200 M
Net
Direct Expense
Activity
Applications-Electronic
Applications-Non Electronic
Payments-Electronic
Indirect Expense
Total Expense
$0
$0
$0
$10,494
$4,756
$15,250
$13
$5
$18
Payments-Non Electronic
$3,329
$1,438
$4,766
Loan Set Up
$2,373
$1,099
$3,472
$282
$131
$413
$35,400
$15,353
$50,753
Direct
Net Indirect
Total
Item Costs
$0.00
$285.84
$0.36
$17.66
$73.59
$8.76
$143.95
Loan Disbursement
Loan Maintenance
Activity
Applications-Electronic
Applications-NonElectronic
Payments-Electronic
Payments-NonElectronic
Loan Set Up
Loan Disbursement
Loan Maintenance-Monthly
Item Costs
Item Costs
$0.00
$189.44
$0.27
$13.07
$0.00
$96.40
$0.09
$4.58
$24.82
$2.95
$37.37
$48.n
$5.80
$106.58
2 Institutions
Assets > $200 M
Net
Activity
Direct Expense
Indirect Expense
Total Expense
Applications-Electronic
$0
$0
$0
Applications-Non Electronic
$0
$0
$0
Payments-Electronic
$0
$0
$0
Payments-NonElectronic
$0
$0
$0
Loan Set Up
Loan Disbursement
$0
$0
$0
$0
$0
$0
Loan Maintenance
~
~
~
Direct
Activity
Applications-Electronic
Applications-Non Electronic
Payments-Electronic
Payments-Non Electronic
Loan Set Up
Loan Disbursement
Loan Maintenance-Monthly
Item Costs
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
• Averages not calculated due to insufficient data.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
84
Net Indirect
Item Costs
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
Total
Item Costs
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
FCA What-If Analysis - 1998 Data
Scenario:
Central States - Assets up to $200 M
BREAK-EVEN LOAN BALANCES
Institution Name:
Central St.-Assets to $200 M
Product Line:
Installment Loans
Product:
Commercial Installment
INPUT VARIABLES:
$368.19
Cost to Make a Loan
Cost to Process a Payment
$14.28
Cost to Maintain a Loan - Monthly
Product Cost of Funds Rate :
$143.95
3.57%
Loan Loss Rate :
0.25%
Non-Interest Income as % of Volume:
0.71%
INTEREST RA TES AND BREAK-EVEN LOAN BALANCES
Maturity
(Years)
1•
2
Periods
(Payments)
12
24
8.00%
8.25%
8.50%
8.75%
$73,090
$84,394
$80,259
$76,508
$79,218
$75,307
$71,759
$68,526
$66,159
3
36
$76,566
$72,759
$69,306
4
48
$74,620
$70,884
$67,495
$64,407
5
60
$72,988
$69,310
$65,974
$62,934
6
72
$71,537
$67,910
$64,621
$61,623
$66,628
$63,381
$60,422
$59,304
7
84
$70,208
8
96
$68,970
$65,433
$62,226
9
108
$67,804
$64,310
$61,140
$58,254
10
120
$66,701
$63,246
$60,114
$57,261
\
Maturity
(Years)
Periods
(Payments)
1
12
9.00%
9.25%
9.50%
$69,961
$67,088
$64,439
$61,990
$60,346
$58,029
9.75%
2
24
$65,568
$62,850
3
36
$63,279
$60,633
$58,195
$55,941
$54,383
4
48
$61,582
$58,986
$56,595
5
60
$60,153
$57,599
$55,245
$53,068
6
72
$58,881
$56,363
$54,042
$51,897
$57,716
$55,231
$52,941
$50,824
$54,178
$51,917
$49,827
$48,893
$48,012
7
8
9
10
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
84
96
$56,632
108
$55,614
$53,190
$50,957
120
$54,652
$52,257
$50,050
85
FCA What-If Analysis - 1998 Data
Scenario:
Central States - Assets up to $200 M
BREAK-EVEN LOAN BALANCES
Institution Name: Central St.- Assets to $200 M
Product Line:
Installment Loans
Product:
Commercial Installment
Loan Break-Even Curves for Fixed Maturities
90
80
70
.,
60
-+-1 Year
C
,,,
=
0
50
-•-3Year
40
-.-svear
.,.
30
~10Year
"C
ca
.s:::.
~
20
10
0
8.00%
8.25%
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
8.50%
8.75°/4
9.00%
9.25%
1998 Market Interest Rate
86
9.50%
9.75%
FCA What-If Analysis - 1998 Data
Scenario: Central States - Assets > $200 M
BREAK-EVEN LOAN BALANCES
Institution Name:
Central States- Assets > $200 M
Product Line:
Installment Loans
Product:
Commercial Installment
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Break-even not calculated due to insufficient data.
87
FCA What-If Analysis - 1998 Data
Scenario: Central States -Assets> $200 M
BREAK-EVEN LOAN BALANCES
Institution Name:
Central States- Assets > $200 M
Product Line:
Installment Loans
Product:
Commercial Installment
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Break-even not calculated due to insufficient data.
88
Credit Card Loans
CREDIT CARD LOANS
This product includes credit card loans and cash advances to both consumers and businesses. The
income graphed-below is shown before transfer pricing.
Credit Card Loans Net Income
(Before Transfer Pricing)
0
----,
Cl)
c
E
6
0
-
4
Cl)
...
::J
0
Cl)>
Q.
2
0
',,,,I
,,, I,
-Assets up to $200 M
,,,, i
I
I
--
-
Assets > $200 M
Credit Card Loans - Non-interest Income/ Total Income
(Before Transfer Pricing)
60
50
c
40
...
30
Cl)
0
Cl)
Q.
20
10
0
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Assets up to $200 M
Assets > $200 M
89
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
This page left intentionally blank.
90
Credit Card Loans
Dollars
$ VOLUME OF OUTSTANDINGS
Average# Active Accounts
Credit Card Outstandings/Earning Assets
9 Institutions
7 Institutions
Assets up to $200 M
Assets > $200 M
$623,778
$1,549,261
637
2,608
0.84%
0.32%
$191,752
Interest Income
$75,465
-Cost of Funds (COF)
$26.127
$58.881
Net Interest Income
+Non-Interest Income
Incoming Interchange
Other
$49,338
$132,872
Total Non-Interest Income
Net Income Before Non-Interest Expense
$10,781
$79,821
$10,073
$44.844
$20,854
$124,665
$70,192
$257,536
$12,926
$37,519
-Non-Interest Expenses
Direct Expenses
Salary
Fringe Benefits
Personnel Expense
Vendor Data Processing
Furniture & Equipment
• Printing, Postage, & Freight
Telephone & Electronic Access
Occupancy
Franchise Fees
Professional Fees-Legal & Other
Credit Reports
All Other Direct Expenses
Total Direct Expenses
Net Indirect Expenses
Total Non-Interest Expense
- Net Loan Losses
- Credit Card Fraud Losses
Net Income
$9,240
$16,009
$46,758
$15,862
$74,607
$2,403
$8,214
$1,100
$4,197
$518
$2,275
$2,170
$6,501
$14,257
$119,665
$0
$0
$883
$2,560
$3,963
$24,938
$57,166
$289,715
$15,894
$73,061
$41,794
$331,509
$20,117
($22,986)
$48,443
$3,927
($126,343)
$3,142
($67,462)
iQ
Memo: Net Income Before COF
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$3,084
91
Credit Card Loans
Percent of Credit Card Loan $ Volume
$ VOLUME OF OUTSTANDINGS
9 Institutions
7 Institutions
Assets up to $200 M
Assets > $200 M
$623,778
Interest Income
-Cost of Funds (COF)
Net Interest Income
+Non-Interest Income
Incoming Interchange
Other
Total Non-Interest Income
Net Income Before Non-Interest Expense
-Non-Interest Expenses
Direct Expenses
Salary
Fringe Benefits
Personnel Expense
$1,549,261
12.10%
12.38%
4.19%
7.91%
3.80%
8.58%
1.73%
1.61%
3.34%
5.15%
2.89%
8.05%
11.25%
16.62%
2.07%
0.49%
2.57%
2.42%
0.60%
3.02%
Vendor Data Processing
Furniture & Equipment
2.54%
4.82%
0.39%
0.53%
Printing, Postage, & Freight
0.18%
0.27%
Telephone & Electronic Access
Occupancy
Franchise Fees
0.08%
0.15%
0.35%
0.42%
2.29%
7.72%
Professional Fees - Legal & Other
Credit Reports
0.00%
0.00%
0.14%
0.17%
All Other Direct Expenses
0.64%
1.61%
9.16%
18.70%
2.55%
11.71%
2.70%
21.40%
3.22%
0.00%
3.13%
0.25%
(3.68%)
(8.16%)
0.50%
(4.35%)
Total Direct Expenses
Net Indirect Expenses
Total Non-Interest Expense
-Net Loan Losses
-Credit Card Fraud Losses
Net Income
Memo: Net Income Before COF
Pre-Tax Ratios
Non-Interest Income/Total Direct Expenses
36.48%
43.03%
Personnel Expense/Total Direct Expenses
28.00%
16.14%
Net Indirect Expenses/Total Direct Expenses
27.80%
14.43%
0.47
1.50
Credit Card Loan FTE Personnel
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
92
Credit Card Loan Information
9 Institutions
7 Institutions
Assets up to $200 M
Assets > $200 M
$623,778
637
$979
$ VOLUME OF OUTSTANDINGS
Average# Active Accounts
Average Account Size
# Accounts Opened
# Accounts Serviced
$1 ,549,261
2,608
$594
62
538
679
1,808
# Payments Received
Electronic
Non Electronic
851.58
2,419.36
6,855.87
8,933.31
# Applications Received
Electronic
0.00
Non Electronic
137.33
# Applications Approved
FTE Personnel
0.00 ·
919.71
63
538
0.47
1.50
Productivity Measures
Applications Approved/Applications Received
45.63%
58.48%
Accounts Opened/Applications Received
44.82%
58.48%
98.23%
Accounts Opened/ Applications Approved
1,368.97
Average .Number Active Accounts/FTE Personnel
Accounts Opened/FTE Personnel
Non-Interest lncome/FTE Personnel
Personnel Expense/FTE Personnel
$ Volume Outstandings/FTE Personnel
Item Costs
Applications-Electronic
100.00%
1,743.36
132.22
359.60
$39,985
$79,065
$34,388
$31,261
$1,339,858
$1,035,800
$0.00
$0.00
$37.41
$83.61
Payments-Electronic
$0.20
$0.43
Payments-Non Electronic
$3.22
$6.28
Account Set Up
$1.39
$3.10
Account Maintenance-Monthly
$6.30
$5.62
Applications-Non Electronic
Average Costs
To Open an Account
Electronic
N/A
$38.79
N/A
$86.71
Electronic
$6.87
$7.59
Non Electronic
$8.49
$8.17
Non Electronic
To Maintain an Account - Monthly
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
93
Credit Card Loans - Item Costs
9 Institutions
Assets up to $200 M
Net
Activity
Direct Expense
Applications-Electronic
Applications-Non Electronic
Payments-Electronic
Payments-Non Electronic
Account Set Up
Account Maintenance
$0
$0
$4,355
$1,485
$5 ,841
$121
$45
$165
$15,415
$4,893
$20,308
$62
$21
$83
$37,422
$11 ,255
$48,677
Item Costs
$0.00
$28.17
Net Indirect
Total
Item Costs
$0.00
$9.23
Item Costs
$0.00
$37.40
$0.05
$0.20
$0.76
$3.22
$0.34
$1.49
$1.39
$6.30
Indirect Expense
$0
Total Expense
$0
$0.15
$2.46
$1 .04
$4.81
Payments-Electronic
Payments-NonElectronic
Account Set Up
Account Maintenance-Monthly
7 Institutions
Total Expense
$0
Direct
Activity
Applications-Electronic
Applications-Non Electronic
Indirect Expense
Assets > $200 M
Net
Activity
Applications-Electronic
Applications-NonElectronic
Payments-Electronic
Payments-Non Electronic
Account Set Up
Account Maintenance
Direct Expense
$0
$17,215
$823
$136
$959
$65,882
$12,383
$78,265
$1,529
$153,071
$407
$26 ,686
$1 ,936
$179,757
Net Indirect
Total
Item Costs
$0.00
$64.05
Item Costs
$0.00
$19.55
Item Costs
$0.36
$5.27
$0.07
$0.43
$1.01
$6.28
$2.38
$4.70
$0.73
$0.92
$3.10
$5.62
Direct
Activity
Applications-Electronic
Applications-Non Electronic
Payments-Electronic
Payments-Non Electronic
Account Set Up
Account Maintenance-Monthly
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$77,069
$59,853
94
$0.00
$83.61
Commercial Loan Summary
Dollars
14 Institutions
10 Institutions
Assets up to $200 M
Assets > $200 M
$19,717,433
$ VOLUME OF OUTSTANDINGS
Average# Loans Outstanding
Commercial Loan Outstandings/Earning Assets
616
20.32%
$78,269,385
1,271
14.97%
$1,925,527
Interest Income
$7,055,636
-Cost of Funds (COF)
$791.591
$3.062.846
Net Interest Income
$1,133,936
$3,992,790
+Non-Interest Income
Net Income Before Non-Interest Expense
-Non-Interest Expenses
Direct Expenses
Salary
Fringe Benefits
$32,701
$97.530
$1,166,637
$4,090,320
$174,291
$528,953
$101,757
$630,709
$37,195
$211,486
Personnel Expense
Vendor Data Processing
Furniture & Equipment
Printing, Postage, & Freight
Telephone & Electronic Access
Occupancy
Professional Fees-Legal & Other
Credit Reports
All Other Direct Expenses
$14,463
$25,526
$13,347
$4,128
$19,430
$11,157
$2,415
$29,568
$331,520
Total Direct Expenses
$19,728
$58,174
$36,893
$21,028
$57,795
$18,299
$9,410
$116.570
$968,604
Net Indirect Expenses
$124,964
$292,097
Total Non-Interest Expense
$456,485
$1,260,702
$46,589
$663,563
$2,601,363
$1,455,154
$5,664,209
- Net Loan Losses
Net Income
Memo: Net Income Before COF
$228,256
Composition of Commercial Loan Portfolio
Assets > $200 M
Assets up to $200 M
8%
8%
EJC&I
52%
38%
DC&I
□ SBA
■ SBA
■ Ag
□ Ag
□ Other
□ Other
2%
Loan Type
Commercial & Industrial
SBA
Agricultural
Other Commercial
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Loan Type
Commercial & Industrial
Volume
$11,375,937
$531,465
$8,293,467
$1,730,801
SBA
Agricultural
Other Commercial
95
Volume
$63,199,641
$2,084,676
$23,961,056
$7,517,819
Commercial Loan Summary
Percent of Commercial Loan $ Volume
$ VOLUME OF OUTSTANDINGS
14 Institutions
10 Institutions
Assets up to $200 M
Assets > $200 M
$19,717,433
Interest Income
-Cost of Funds (COF)
Net Interest Income
+Non-Interest Income
Net Income Before Non-Interest Expense
$78,269,385
9.77%
9.01%
4.01%
5.75%
0.17%
5.92%
3.91%
5.10%
0.12%
5.23%
-Non-Interest Expenses
Direct Expenses
Salary
Fringe Benefits
Personnel Expense
0.88%
0.19%
1.07%
0.68%
0.13%
0.81%
Vendor Data Processing
Furniture & Equipment
Printing, Postage, & Freight
Telephone & Electronic Access
Occupancy
Professional Fees - Legal & Other
Credit Reports
All Other Direct Expenses
Total Direct Expenses
0.07%
0.13%
0.07%
0.02%
0.10%
0.06%
0.01%
0.15%
1.68%
0.03%
0.07%
0.05%
0.03%
0.07%
0.02%
0.01%
0.15%
1.24%
Net Indirect Expenses
Total Non-Interest Expense
0.63%
2.32%
0.37%
1.61%
Net Income
0.24%
3.37%
0.29%
3.32%
Memo: Net Income Before COF
7.38%
7.24%
9.86%
10.07%
Personnel Expense/Total Direct Expenses
63.79%
65.12%
Net Indirect Expenses/Total Direct Expenses
37.69%
30.16%
4.09
15.32
-Net Loan Losses
Pre-Tax Ratios
Non-Interest Income/Total Direct Expenses
Commercial Loans FTE Personnel
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
96
Contribution to Commercial Loan Income and Direct Expenses
Contribution to Commercial Loan Income•
$6,000,000
$5,000,000
$4,000,000
m Assets up to $200 M
$3,000,000
■
$2,000,000
Assets > $200 M
$1,000,000
$0
C&I
Ag
SBA
Other
14 Institutions
Assets up to $200 M
1O Institutions
Assets > $200 M
Loan Type
$1,102,535
$805,110
$52,048
$213,080
Commercial & Industrial
Agricultural
SBA
Other
$5,777,859
$2,099,819
$216,355
$698,654
Contribution to Commercial Loan Direct Expenses
$800,000
$600,000
l'illl Assets up to $200 M
$400,000
■
Assets > $200 M
$200,000
$0
C&I
Ag
SBA
Other
14 Institutions
Assets up to $200 M
Loan Type
Commercial & Industrial
Agricultural
SBA
Other
* lncome=lnterest Income
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$136,526
$169,299
$14,024
$48,243
+ Non-Interest Income
97
1O Institutions
Assets > $200 M
$703,781
$284,280
$155,153
$160,436
Commercial & Industrial Loans
COMMERCIAL & INDUSTRIAL LOANS
Commercial and industrial loans includes those made to sole proprietorships, partnerships,
corporations, and other business enterprises. Commercial loans processed by installment loan staff
are included with the commercial installment loans. The income graphed below is shown before
transfer pricing.
Commercial & Industrial Loans Net Income
(Before Transfer Pricing)
8.00
,..,,..,
7.00
/
~
6.00
/
0
5.00
/
4.00
........ 1
3.00
/
2.00
....--,
1.00
/
:::s
>
0
c
G)
u
a..
G)
c..
,.
f
'
I
1
I
I
0.00
,.,
i
/'
I
'
Assets up to $200 M
,,......
Assets> $200 M
Commercial & Industrial Loans - Non-interest Income I Total Income
(Before Transfer Pricing)
3.00
__ ,..,,.,.
..
,
2.50
c
2.00
u ·
1.50
G)
a..
l
1.00
0.50
0.00
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Assets up to $200 M
Assets > $200 M
98
Commercial & Industrial Loans Summary
Dollars
$ VOLUME OF OUTSTANDINGS
Average# Loans Outstanding
Commercial & Industrial Outstandings/Earning Assets
Interest Income
13 Institutions
9 Institutions
Assets up to $200 M
Assets > $200 M
$12,075,548
322
12.65%
$69,437,973
983
12.97%
$1,145,595
$6,282,481
-Cost of Funds (COF)
$481,495
$2,727,083
Net Interest Income
$664,101
$3,555,399
+Non-Interest Income
$30,276
$81,390
$694,377
$3,636,789
Net Income Before Non-Interest Expense
-Non-Interest Expenses
Direct Expenses
Salary
Fringe Benefits
$78,744
$435,152
$15,947
$82,835
Personnel Expense
$94,691
$517,987
Vendor Data Processing
Furniture & Equipment
$6,830
$20,303
$10,338
$46,140
Printing, Postage, & Freight
$4,280
$29,165
Telephone & Electronic Access
Occupancy
$1,838
$18,698
Professional Fees - Legal & Other
Credit Reports
All Other Direct Expenses
Total Direct Expenses
Net Indirect Expenses
Total Non-Interest Expense
-Net Loan Losses
$8,080
$45,392
$7,354
$13,703
$1,438
$7,574
$13,830
$81,271
$148,679
$780,233
$49,279
$214,924
$197,957
$995,157
$19,403
$177,471
Net Income
$477,016
$2,464,161
Memo: Net Income Before COF
$958,511
$5,191,243
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
99
Commercial & Industrial Loans Summary
Percent of Commercial & Industrial Loan$ Volume
13 Institutions
Assets up to $200 M
$ VOLUME OF OUTSTANDINGS
$12,075,548
Interest Income
-Cost of Funds (COF)
Net Interest Income
+Non-Interest Income
Net Income Before Non-Interest Expense
9 Institutions
Assets > $200 M
$69 ,437,973
9.49%
9.05%
3.99%
5.50%
0.25%
5.75%
3.93%
5.12%
0.12%
5.24%
-Non-Interest Expenses
Direct Expenses
Salary
Fringe Benefits
Personnel Expense
0.65%
0.1 3%
0.78%
0.63%
0.12%
0.75%
Credit Reports
All Other Direct Expenses
Total Direct Expenses
0.06%
0.09%
0.04%
0.02%
0.07%
0.06%
0.01%
0.11%
1.23%
0.03%
0.07%
0.04%
0.03%
0.07%
0.02%
0.01%
0.12%
1.12%
Net Indirect Expenses
Total Non-Interest Expense
0.41%
1.64%
0.31%
1.43%
Net Income
0.16%
3.95%
0.26%
3.55%
Memo: Net Income Before COF
7.94%
Vendor Data Processing
Furniture & Equipment
Printing, Postage, & Freight
Telephone & Electronic Access
Occupancy
Professional Fees - Legal & Other
-Net Loan Losses
Pre-Tax Ratios
Non-Interest lncomerrotal Direct Expenses
20.36%
10.43%
Personnel Expenserrotal Direct Expenses
63.69%
66 .39%
Net Indirect Expensesrrotal Direct Expenses
33.14%
27.55%
1.82
12.10
Commercial & Industrial Loans FTE Personnel
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
100
Commercial & Industrial Loans Information
13 Institutions
9 Institutions
Assets up to $200 M
Assets > $200 M
$12,075,548
322
$37,475
$ VOLUME OF OUTSTANDINGS
Average# Loans Outstanding
Average Size Loan
# Loans Made
# Loans Serviced
# Payments Received
Electronic
Non Electronic
# Applications Received
Electronic
Non Electronic
# Applications Approved
243
334
$69,437,973
983
$70,615
1,272
984
308.36
2,412.08
383.10
11 ,374.12
FTE Personnel
0.00
269.69
249
1.82
0.00
1,457.00
1,275
12.10
Productivity Measures
Applications Approved/Applications Received
92.18%
87.51%
Loans Made/Applications Approved
97.93%
Average Number Loans Outstanding/FTE Personnel
Loans Made/FTE Personnel
99.75%
176.83
81.24
133.60
105.07
Non-Interest lncome/FTE Personnel
$16,614
$6,724
Personnel Expense/FTE Personnel
$51 ,962
$42,793
$6,626,514
$5,736,568
$ Volume Outstanding/FTE Personnel
Item Costs
Applications-Electronic
Applications-Non Electronic
Payments-Electronic
Payments-Non Electronic
Loan Set Up
Loan Disbursement
Loan Maintenance-Monthly
$0.00
$244 .67
$0.02
$2.12
$63.62
$30.19
$43.81
$0.00
$395.21
$0.03
$3.43
$102.75
$48.76
$70.77
Average Costs
To Make a Loan
Electronic
Non Electronic
N/A
To Maintain a Loan-Monthly
Electronic
Non Electronic
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
101
N/A
$338.47
$546.72
$39.78
$45.93
$70.80
$74.20
Commercial & Industrial Loans - Item Costs
13 Institutions
Direct Expense
Activity
Applications-Electronic
Applications-Non Electronic
Payments-Electronic
Payments-Non Electronic
Loan Set Up
Loan Disbursement
Loan Maintenance
Activity
Applications-Electronic
Applications-Non Electronic
Payments-Electronic
Payments-Non Electronic
Loan Set Up
Loan Disbursement
Loan Maintenance-Monthly
9 Institutions
Activity
Applications-Electronic
Applications-Non Electronic
Payments-Electronic
Payments-Non Electronic
Loan Set Up
Loan Disbursement
Loan Maintenance
Activity
Applications-Electronic
Applications-Non Electronic
Payments-Electronic
Payments-Non Electronic
Loan Set Up
Loan Disbursement
Loan Maintenance-Monthly
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Assets up to $200 M
Net
Indirect Expense
Total Expense
$0
$0
$0
$34,399
$3
$2,881
$7,834
$3,718
$93,230
$12,051
$1
$1,032
$2,770
$1,315
$32,109
$46,450
$4
$3,914
$10,604
$5,032
$125,339
Direct
Net Indirect
Item Costs
$0.00
$177.16
$0.01
$1 .54
$46.06
$21 .86
$31.72
Item Costs
Total
Item Costs
$0.00
$67.51
$0.00
$0.59
$17.55
$8.33
$12.09
$0.00
$244.67
$0.01
$2.12
$63.62
$30.19
$43.81
Assets > $200 M
Direct Expense
$0
$189,018
$8
$22,923
$40,551
$19,243
$495,579
Net
Indirect Expense
$0
$53,790
$3
$6,362
$11,446
$5,431
$137,893
Direct
Net Indirect
Item Costs
$0.00
$300.40
$0.02
$2.60
$78.10
$37.07
$53.80
Item Costs
102
$0.00
$94.80
$0.01
$0.82
$24.65
$11.70
$16.98
Total Expense
$0
$242,808
$11
$29,285
$51,996
$24,675
$633,472
Total
Item Costs
$0.00
$395.20
$0.03
$3.43
$102.75
$48.76
$70.77
Agricultural Loans
AGRICULTURAL LOANS
Agricultural loans are those made for the purpose of financing agricultural production, including such
loans made to farm/ranch owners, operators, tenants, and non-farmers. The income graphed below is
shown before transfer pricing.
Agricultural Loans Net Income
(Before Transfer Pricing)
10
_,,.,,,,
8 _v
~:::I
0
6
c
4 -V
G)
2 _v
>
0
,_
-
V
Cl)
(.)
0..
0
/
./
Assets up to $200 M
Assets> $200 M
Agricultural Loans - Non-interest Income/ Total Income
(Before Transfer Pricing)
0.70
0.60
c
Cl)
(.)
-----,
_!-~:::::::::====ii
0.50
0.40
a-.
rf
0.30
0.20
0.10
0.00 ~ ::::::::==1-_ _ _.a!!~==::;::::====::::::;;;;=::::::::=:==:::::;;:~==?=-Assets up to $200 M
Assets > $200 M
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
103
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
This page left intentionally blank.
104
Agricultural Loans Summary
Dollars
$ VOLUME OF OUTSTANDINGS
Average# Loans Outstanding
Agricultural Outstandings/Earning Assets
10 Institutions
5 Institutions
Assets up to $200 M
Assets > $200 M
$8,570,814
298
7.95%
$23,961 ,056
698
5.43%
$2,099,865
Interest Income
$832,363
-Cost of Funds (COF)
$354,393
$935,720
Net Interest Income
$477,969
$1,164,145
+Non-Interest Income
$5,358
$Q
$483,327
$1,164,145
Net Income Before Non-Interest Expense
-Non-Interest Expenses
Direct Expenses
Salary
Fringe Benefits
Personnel Expense
$98,316
$21,884
$120,200
Vendor Data Processing
Furniture & Equipment
$154,144
$29,385
$183,529
$5,905
$2,092
$15,726
$15,069
$9,556
Printing, Postage , & Freight
$7,871
Telephone & Electronic Access
$1 ,978
$4,359
Occupancy
$8,970
$17,965
Professional Fees-Legal & Other
$4,789
$0
Credit Reports
$1 ,286
$4,478
All Other Direct Expenses
Total Direct Expenses
Net Indirect Expenses
Total Non-Interest Expense
-Net Loan Losses
$15,400
$45,473
$182,125
$282,519
$83,075
$129,599
$265,200
$412,119
$56,023
$Q
Net Income
$162,104
$752,026
Memo: Net Income Before COF
$516,497
$1,687,746
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
105
Agricultural Loan Summary
Percent of Agricultural Loan $ Volume
10 Institutions
5 Institutions
Assets up to $200 M
Assets > $200 M
$8,570,814
$ VOLUME OF OUTSTANDINGS
Interest Income
-Cost of Funds (COF)
Net Interest Income
+Non-Interest Income
Net Income Before Non-Interest Expense
$23,961,056
9.71%
8.76%
4.13%
5.58%
0.06%
5.64%
3.91%
4.86%
0.00%
4.86%
-Non-Interest Expenses
Direct Expenses
Salary
Fringe Benefits
Personnel Expense
1.15%
0.26%
1.40%
0.64%
0.12%
0.77%
Vendor Data Processing
Furniture & Equipment
Printing , Postage, & Freight
Telephone & Electronic Access
Occupancy
Professional Fees - Legal & Other
Credit Reports
All Other Direct Expenses
Total Direct Expenses
0.07%
0.18%
0.09%
0.02%
0.10%
0.06%
0.02%
0.18%
2.12%
0.01%
0.06%
0.04%
0.02%
0.07%
0.00%
0.02%
0.19%
1.18%
Net Indirect Expenses
Total Non-Interest Expense
0.97%
3.09%
0.54%
1.72%
Net Income
0.65%
1.89%
0.00%
3.14%
Memo: Net Income Before COF
6.03%
7.04%
Non-Interest Income/Total Direct Expenses
2.94%
0.00%
Personnel Expense/Total Direct Expenses
66.00%
64.96%
Net Indirect Expenses/Total Direct Expenses
45.61%
45.87%
2.19
5.23
-Net Loan Losses
Pre-Tax Ratios
Agricultural Loans FTE Personnel
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
106
Agricultural Loans Information
$ VOLUME OF OUTSTANDING
Average# Loans Outstanding
10 Institutions
5 Institutions
Assets up to $200 M
Assets > $200 M
$8,570,814
298
$28,751
Average Size Loan
$23,961,056
698
$34,328
# Loans Made
202
623
# Loans Serviced
298
698
# Payments Received
Electronic
Non Electronic
48.95
197.08
1,909.75
5,705.14
# Applications Received
Electronic
Non Electronic
0.00
0.00
225.60
630.20
# Applications Approved
207
625
FTE Personnel
2.19
5.23
Productivity Measures
Applications Approved/Applications Received
91.58%
99.17°10
Loans Made/Applications Approved
97.77%
99.71 °10
Average Number Loans Outstanding/FTE Personnel
Loans tyiade/FTE Personnel
136.24
133.36
92.32
119.07
Non-Interest lncome/FTE Personnel
$2,449
so
Personnel Expense/FTE Personnel
$54,936
$35,065
$3,917,191
$4,577 .963
$ Volume Outstanding/FTE Personnel
Item Costs
Applications-Electronic
Applications-Non Electronic
Payments-Electronic
Payments-Non Electronic
Loan Set Up
Loan Disbursement
Loan Maintenance-Monthly
$0.00
$255.29
$0.04
$2.18
$68.08
$28.00
$50.79
so 00
S393 31
so 08
$3 35
$104 88
S43 13
$78 25
Average Costs
To Make a Loan
Electronic
Non Electronic
N/A
$351.36
To Maintain a Loan-Monthly
Electronic
$44.00
$52.97
Non Electronic
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
107
NA
$541 33
$92 .15
$81 .61
Agricultural Loans - Item Costs
10 Institutions
Activity
Applications-Electronic
Assets up to $200 M
Direct Expense
Applications-Non Electronic
Payments-Electronic
Payments-Non Electronic
Net
Indirect Expense
Total Expense
$0
$0
$0
$34,427
$14,785
$49,213
$1
$1
$2
$3,177
$1 ,582
$4 ,760
$11,969
Loan Set Up
$8,295
$3,675
Loan Disbursement
$3,411
$1,511
$4,923
Loan Maintenance
$127,064
$61,521
$188,585
Direct
Net Indirect
Activity
Item Costs
$0.00
Item Costs
Total
Item Costs
$0.00
$0.00
$186.87
$68.42
$255.29
Payments-Electronic
$0.03
$0.01
$0.04
Payments-Non Electronic
$1.59
$0.58
$2.17
Loan Set Up
$49.83
$18.25
$68.08
Loan Disbursement
$20.49
$7.50
$28.00
Loan Maintenance-Monthly
$37.18
$13.61
$50.79
Applications-Electronic
Applications-Non Electronic
5 Institutions
Activity
Applications-Electronic
Applications-Non Electronic
Payments-Electronic
Payments-Non Electronic
Loan Set Up
Assets > $200 M
Direct Expense
Net
Indirect Expense
Total Expense
$0
$0
$0
$67,744
$33,560
$6
$2
$8
$7,186
$2,474
$9,659
$101 ,305
Loan Disbursement
Loan Maintenance
$17,847
$7 ,340
$8 ,836
$3,634
$26,683
$10,974
$184,159
$81,094
$265 ,252
Direct
Net Indirect
Activity
Item Costs
Item Costs
Total
Item Costs
$0.00
$0.00
$0.00
$316.21
$77.11
$393.31
Payments-Electronic
$0.07
$0.02
$0.08
Payments-Non Electronic
$2.70
$0.66
$3.36
Loan Set Up
$84 .32
$20.56
$104.88
Loan Disbursement
$34.68
$8.45
$43.13
Loan Maintenance-Monthly
$62.91
$15.34
$78.25
Applications-Electronic
Applications-Non Electronic
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
108
Small Business Administration Loans
SMALL BUSINESS ADMINISTRATION LOANS
This product includes real estate, commercial, industrial, agricultural, and other types of loans
guaranteed by the SBA, including loans to Small Business Investment Companies. The income
graphed below is shown before transfer pricing.
SBA Loans Net Income
(Before Transfer Pricing)
10
/:
~::::,
8 .V/
0
6 v ,
!
4 / j
'
2 V
-c
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I
II
I
I
i
i
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I
0
/
~
I
Assets up to $200 M
Assets> $200 M
SBA Loans - Non-interest Income I Total Income
(Before Transfer Pricing)
4.-
I
3...--
2-~
i
1-----1- - - - - - - - - - - - - - - - - - - - - ;,
0
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
I
:
_,.....J___
Assets up to $200 M
Assets > $200 M
109
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
This page left intentionally blank.
110
Small Business Administration Loans Summary
Dollars
6 Institutions
3 Institutions
Assets up to $200 M
Assets > $200 M
$582,916
$ VOLUME OF OUTSTANDINGS
Average# Loans Outstanding
SBA Outstandings/Earning Assets
10
0.47%
0.25%
$57,121
Interest Income
$876,645
11
$87,912
-Cost of Funds (COF)
$22,632
$35,632
Net Interest Income
$34,488
$52,280
+Non-Interest Income
~
~
$34,488
$52,280
Net Income Before Non-Interest Expense
-Non-Interest Expenses
Direct Expenses
Salary
Fringe Benefits
Personnel Expense
$7,734
~
$9,845
$10,128
$2,421
$12,548
Vendor Data Processing
$1,179
$0
Furniture & Equipment
$1 ,896
$967
Printing, Postage, & Freight
$852
$2,184
Telephone & Electronic Access
$284
$164
$1,138
$1,088
Occupancy
Professional Fees-Legal & Other
Credit Reports
$349
$0
$0
$0
$2,075
iLill
Total Direct Expenses
$17,619
$18,413
Net Indirect Expenses
Total Non-Interest Expense
$8.227
$25,846
$5.728
$24,141
~
$8,642
~
$28,139
$31 ,274
$63,771
All Other Direct Expenses
- Net Loan Losses
Net Income
Memo: Net Income Before COF
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
111
Small Business Administration Loans Summary
Percent of Small Business Administration Loan$ Volume
$ VOLUME OF OUTSTANDINGS
6 Institutions
3 Institutions
Assets up to $200 M
Assets > $200 M
$582,916
Interest Income
-Cost of Funds (COF)
Net Interest Income
+Non-Interest Income
Net Income Before Non-Interest Expense
$876,645
9.80%
10.03%
3.88%
5.92%
0.00%
5.92%
4.06%
5.96%
0.00%
5.96%
-Non-Interest Expenses
Direct Expenses
Salary
Fringe Benefits
Personnel Expense
1.33%
0.36%
1.69%
1.16%
0.28%
1.43%
0.20%
0.33%
0.15%
0.05%
0.20%
0.06%
0.00%
0.36%
3.02%
0.00%
0.11%
0.25%
0.02%
0.12%
0.00%
0.00%
0.17%
2.10%
Net Indirect Expenses
1.41%
0.65%
Total Non-Interest Expense
4.43%
2.75%
Net Income
0.00%
1.48%
0.00%
3.21%
Memo: Net Income Before COF
5.37%
7.27%
0.00%
0.00%
Personnel Expense/Total Direct Expenses
55.88%
68.15%
Net Indirect Expenses/Total Direct Expenses
46.69%
31.11 %
0.24
0.24
Vendor Data Processing
Furniture & Equipment
Printing, Postage, & Freight
Telephone & Electronic Access
Occupancy
Professional Fees - Legal & Other
Credit Reports
All Other Direct Expenses
Total Direct Expenses
-Net Loan Losses
Pre-Tax Ratios
Non-Interest Income/Total Direct Expenses
Small Business Administration Loans FTE Personnel
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
112
Small Business Administration Loans Information
$ VOLUME OF OUTSTANDINGS
6 Institutions
3 Institutions
Assets up to $200 M
Assets > $200 M
$582,916
11
$51,434
Average# Loans Outstanding
Average Size Loan
# Loans Made
# Loans Serviced
# Payments Received
Electronic
Non Electronic
# Applications Received
Electronic
Non Electronic
# Applications Approved
FTE Personnel
7
11
$876,645
10
$84,837
4
10
1.06
66.63
0.00
100.93
0.00
8.67
7
0.24
0.00
4.33
4
0.24
Productivity Measures
Applications Approved/Applications Received
84.62%
92.31%
100.00%
100.00%
Average Number Loans Outstanding/FTE Personnel
47.55
43.06
Loans ty1ade/FTE Personnel
Non-Interest lncome/FTE Personnel
30.77
16.67
$0
$41,309
$0
$52,285
$2,445,802
$3,652,686
Loans Made/Applications Approved
Personnel Expense/FTE Personnel
$ Volume Outstanding/FTE Personnel
Item Costs
Applications-Electronic
Applications-Non Electronic
Payments-Electronic
Payments-Non Electronic
Loan Set Up
Loan Disbursement
Loan Maintenance-Monthly
$0.00
$3,255.01
$0.15
$19.97
$3,235.47
$349.94
$159.75
$0.00
$1,845.27
$0.00
$8.26
$1 ,834.19
$198.38
$66.13
N/A
$6,840.42
N/A
$3,877.84
Average Costs
To Make a Loan
Electronic
Non Electronic
To Maintain a Loan-Monthly
Electronic
$182.19
$179.72
Non Electronic
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
113
N/A
$74.39
Small Business Administration Loans - Item Costs
6 Institutions
Assets up to $200 M
Net
Activity
Applications-Electronic
Direct Expense
Applications-Non Electronic
Payments-Electronic
Payments-Non Electronic
Loan Set Up
Loan Disbursement
Loan Maintenance
Activity
Applications-Electronic
Applications-Non Electronic
Payments-Electronic
Payments-Non Electronic
Loan Set Up
Indirect Expense
Total Expense
$0
$0
$0
$11 ,030
$5,588
$16 ,617
$0
$0
$0
$562
$215
$777
$7,021
$3,827
$10,848
$759
$414
$1 ,173
$6,889
$3,097
$9,987
Direct
Net Indirect
Total
Item Costs
Item Costs
Item Costs
$0.00
$0.00
$0.00
$2,237.25
$1 ,017.76
$3,255.01
$0.13
$0.03
$0.15
$15.32
$4.65
$19.97
$2 ,223.82
$1,011.66
$3,235.47
Loan Disbursement
$240.52
$109.42
$349.94
Loan Maintenance-Monthly
$122.55
$37.20
$159.75
3 Institutions
Assets > $200 M
Net
Activity
Applications-Electronic
Applications-Non Electronic
Payments-Electronic
Payments-Non Electronic
Loan Set Up
Loan Disbursement
Loan Maintenance
Activity
Applications-Electronic
Direct Expense
Indirect Expense
Total Expense
$0
$0
$0
$5,449
$1,731
$7,179
$0
$0
$0
$560
$5,274
$186
$1 ,645
$746
$6,919
$570
$178
$748
$6,787
$1 ,988
$8 ,775
Direct
Net Indirect
Total
Item Costs
Item Costs
Item Costs
$0.00
$0.00
$0.00
$1 ,435.16
$410.11
$1,845.27
Payments-Electronic
$0.00
$0.00
$0.00
Payments-Non Electronic
$6.43
$1 .84
$8.27
$1 ,426.55
$407.65
$1,834.19
$154.29
$44.09
$198.38
$51 .43
$14.70
$66.13
Applications-Non Electronic
Loan Set Up
Loan Disbursement
Loan Maintenance-Monthly
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
114
FCA What-If Analysis - 1998 Data
Scenario:
Central States - Assets up to $200 M
BREAK-EVEN LOAN BALANCES
Institution Name:
Central St-Assets to $200 M
Product Line:
Commercial Loans
Product:
Small Business Administration
INPUT VARIABLES :
$6,840.42
Cost to Make a Loan
Cost to Process a Payment
Cost to Maintain a Loan - Monthly
$19.57
$159.75
Product Cost of Funds Rate :
3.88%
Loan Loss Rate :
0.00%
Non-Interest Income as% of Volume:
0.00%
INTEREST RA TES AND BREAK-EVEN LOAN BALANCES
Maturity
(Years)
Periods
(Payments)
5
60
10.25%
10.50%
$101,377
$97,375
$93,664
$90,215
$66,943
10.75%
11.00%
10
120
$75,521
$72,444
$69,592
15
180
$64,421
$61,744
$59,265
$56,963
20
240
$57,686
$55,264
$53,023
$50,944
25
300
$53,061
$50,828
$48,763
$46,848
$47,613
$45,686
$43,899
$49,698
30
360
Maturity
(Years)
Periods
(Payments)
11.25%
5
60
$87,000
$83,997
$81 ,186
$78,548
$60,016
$57,994
11.50%
11.75%
12.00%
10
120
$64,476
$62,172
15
180
$54,820
$52,821
$50,952
$49,200
$43,944
20
240
$49,010
$47,207
$45,522
25
300
$45,067
$43,409
$41 ,859
$40,409
30
360
$42,239
$40,692
$39,249
$37,898
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
115
FCA What-If Analysis - 1998 Data
Scenario:
Central States - Assets up to $200 M
BREAK-EVEN LOAN BALANCES
Institution Name:
Central St.- Assets to $200 M
Product Line:
Commercial Loans
Product:
Small Business Administration
Loan Break-Even Curves for Fixed Maturities
Cl)
"O
C
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en
:::,
0
::l
•
60 •
■
•
....
•
•
■
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•
■
11.75%
12.00%
20
0
10.25%
10.50%
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
10.75%
11.00%
11.25%
11.50%
1998 Market Interest Rate
116
-+-5Year
Year
-.-2svear
FCA What-If Analysis - 1998 Data
Scenario:
Central States - Assets > $200 M
BREAK-EVEN LOAN BALANCES
Institution Name:
Central States-Assets >$200 M
Product Line:
Commercial Loans
Product:
Small Business Administration
INPUT VARIABLES:
$3,877.84
Cost to Make a Loan
Cost to Process a Payment
Cost to Maintain a Loan - Monthly
Product Cost of Funds Rate :
$8.26
$66.13
4.06%
Loan Loss Rate :
0.00%
Non-Interest Income as % of Volume:
0.00%
INTEREST RA TES AND BREAK-EVEN LOAN BALANCES
Maturity
(Years)
5
10·
Periods
(Payments)
60
120
10.25%
10.50%
10.75%
11.00%
$45,966
$44,231
$49,856
$47,835
$35,541
$34,056
$32,683
$31,409
$26,197
15
180
$29,716
$28,451
$27,281
20
240
$26,312
$25,181
$24,136
$23,168
25
300
$24,034
$22,998
$22,042
$21,157
$22,407
$21,444
$20,556
$19,735
30
360
Maturity
(Years)
Periods
(Payments)
11.25%
11.50%
11.75%
5
12.00%
60
$42,618
$41,113
$39,707
$38,389
10
120
$30,225
$29,121
$28,090
$27,125
15
180
$25,190
$24,252
$23,376
$22,557
$22,270
$21,433
$20,653
$19,924
$19,572
$18,860
$18,194
$18,264
$17,603
$16,986
20
25
30
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
240
300
360
$20,336
$18,973
117
FCA What-If Analysis - 1998 Data
Scenario:
Central States - Assets > $200 M
BREAK-EVEN LOAN BALANCES
Institution Name:
Central States-Assets >$200 M
Product Line:
Commercial Loans
Product:
Small Business Administration
Loan Break-Even Curves for Fixed Maturities
60
50
,,
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40
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0
.c
I-
30
20.
~
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.
•
-•
•
•
10.50%
10.75%
11.00%
11.25%
11.50%
-■
-
■-
•
-.
10
0
10.25%
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
-+-5Year
1998 Market Interest Rate
118
11.75%
12.00%
---+- 25 Year
Other Commercial Loans
OTHER COMMERCIAL LOANS
This product includes all other commercial loans, such as loans to depository institutions, foreign
governments and institutions, commercial lease financing receivables, and all commercial checking
account overdrafts that are not preauthorized. The income graphed below is shown before transfer
pricing.
Other Commercial Loans Net Income
(Before Transfer Pricing)
10 ,,, !
~
8
,..., I
::::s
0
>
0
4,..., '
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CJ
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Assets up to $200 M
Assets > $200 M
Other Commercial Loans - Non-interest Income/ Total Income
(Before Transfer Pricing)
4
---- ,
I
3
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Q)
0.
I
0
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
___.!.-
Assets up to $200 M
Assets > $200 M
119
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
This page left intentionally blank.
120
Other Commercial Loans Summary
Dollars
11 Institutions
Assets u12 to i200 M
$1,885,816
$ VOLUME OF OUTSTANDINGS
96
1.46%
Average# Loans Outstanding
Other Commercial Outstandings/Earning Assets
Interest Income
2 Institutions·
Assets > i200 M
$0
0
0.00%
$230,204
$0
-Cost of Funds (COF)
$68.150
$J2
Net Interest Income
+Non-Interest Income
$162,053
$0
$5,714
iQ
Net Income Before Non-Interest Expense
$167,768
$0
-Non-Interest Expenses
Direct Expenses
Salary
Fringe Benefits
Personnel Expense
$25,581
$6,105
$31,686
Vendor Data Processing
Furniture & Equipment
Printing, Postage, & Freight
Telephone & Electronic Access
$0
$4,943
$0
$3,750
$0
$2,805
$0
$0
$985
$3,958
$239
Occupancy
Professional Fees-Legal & Other
Credit Reports
$0
iQ
$431
$0
$0
$0
$5,140
iQ
Total Direct Expenses
$53,938
$0
Net Indirect Expenses
Total Non-Interest Expense
$17,774
$71,712
iQ
($722)
$96,778
iQ
All Other Direct Expenses
- Net Loan Losses
Net Income
Memo: Net Income Before COF
$164,928
• Averages not calculated due to insufficient data.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
121
$0
$0
$0
Other Commercial Loans Summary
Percent of Other Commercial Loan $ Volume
11 Institutions
Assets up to $200 M
$ VOLUME OF OUTSTANDINGS
$1 ,885 ,816
Interest Income
-Cost of Funds (COF)
Net Interest Income
+Non-Interest Income
Net Income Before Non-Interest Expense
2 Institutions *
Assets > $200 M
$0
12.21%
0.00%
3.61%
8.59%
0.30%
8.90%
0.00%
0.00%
0.00%
0.00%
-Non-Interest Expenses
Direct Expenses
Salary
Fringe Benefits
Personnel Expense
1.36%
0.32%
1.68%
0.00%
0.00%
0.00%
Vendor Data Processing
Furniture & Equipment
Printing, Postage, & Freight
Telephone & Electronic Access
Occupancy
Professional Fees - Legal & Other
Credit Reports
All Other Direct Expenses
Total Direct Expenses
0.26%
0.20%
0.15%
0.05%
0.21%
0.01%
0.02%
0.27%
2.86%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
Net Indirect Expenses
Total Nonlnterest Expense
0.94%
3.80%
0.00%
0.00%
(0.04%)
5.13%
0.00%
0.00%
8.75%
0 .00%
-Net Loan Losses
Net Income
Memo: Net Income Before COF
Pre-Tax Ratios
Non-Interest Income/Total Direct Expenses
10.59%
0.00%
Personnel Expense/Total Direct Expenses
58 .75%
0.00%
Net Indirect Expenses/Total Direct Expenses
32 .95%
0.00%
0.75
0.00
Other Commercial Loans FTE Personnel
*
Averages not calculated due to insufficient data.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
122
Other Commercial Loans Information
11 Institutions
Assets up to $200 M
$1 ,885 ,816
96
$19,625
$ VOLUME OF OUTSTANDINGS
Average# Loans Outstanding
Average Size Loan
# Loans Made
# Loans Serviced
2 Institutions "
Assets > $200 M
$0
0
$0
115
0
90
0
13.85
0.00
2,044.90
0.00
# Payments Received
Electronic
Non Electronic
# Applications Received
Electronic
Non Electronic
0.00
0.00
125.78
0.00
115
0
0.75
0.00
Applications Approved/Applications Received
91.70%
0.00%
Loans Made/Applications Approved
99.71%
# Applications Approved
FTE Personnel
Productivity Measures
Average Number Loans Outstanding/FTE Personnel
Loans Made/FTE Personnel
0.00%
128.28
0.00
153.52
0.00
Non-Interest lncome/FTE Personnel
$7,628
$0
Personnel Expense/FTE Personnel
$42,299
$0
$2,517,473
$0
$ Volume Outstanding/FTE Personnel
Item Costs
Applications-Electronic
Applications-Non Electronic
Payments-Electronic
Payments-NonElectronic
Loan Set Up
Loan Disbursement
Loan Maintenance-Monthly
$0.00
$385.07
$0.08
$7.49
$99.18
$45.31
$161 .39
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
Average Costs
To Make a Loan
N/A
Electronic
Non Electronic
$529.56
N/A
N/A
To Maintain a Loan-Monthly
Electronic
$195 .76
Non Electronic
$168.88
"Averages not calculated due to insufficient data.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
123
N/A
N/A
Other Commercial Loans - Item Costs
11 Institutions
Direct Expense
Activity
Applications-Electronic
Applications-Non Electronic
Payments-Electronic
Payments-Non Electronic
Net
Indirect Expense
Total Expense
$0
$0
$0
$16,461
$5,688
$22,149
$0
$0
$0
$7,516
$1 ,911
$9,427
$4,381
Loan Set Up
$3,210
$1,171
Loan Disbursement
$1,466
$535
$2,002
Loan Maintenance
$26,473
$9,812
$36,285
Activity
Applications-Electronic
Applications-Non Electronic
Payments-Electronic
Payments-Non Electronic
Loan Set Up
Loan Disbursement
Loan Maintenance-Monthly
2 Institutions
Activity
Applications-Electronic
Direct
Net Indirect
Item Costs
$0.00
$306.20
$0.06
$5.61
$78.87
$36.03
$120.77
Item Costs
$0.00
$78.86
$0.03
$1.89
$20.31
$9.28
$40.62
Total
Item Costs
$0.00
$385.06
$0.09
$7.50
$99.18
$45.31
$161.39
Assets > $200 M
Direct Expense
$0
Net
Indirect Expense
$0
Total Expense
$0
Applications-Non Electronic
$0
$0
$0
Payments-Electronic
$0
$0
$0
Payments-Non Electronic
$0
$0
$0
Loan Set Up
Loan Disbursement
$0
$0
$0
$0
$0
$0
$0
Loan Maintenance
Activity
Applications-Electronic
Applications-Non Electronic
Payments-Electronic
Payments-Non Electronic
Loan Set Up
Loan Disbursement
Loan Maintenance-Monthly
*
Assets up to $200 M
$0
$0
Direct
Net Indirect
Item Costs
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
Item Costs
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
Averages not calculated due to insufficient data.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
124
Total
Item Costs
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
Demand Deposit Summary
Dollars
14 Institutions
10 Institutions
Assets up to $200 M
Assets > $200 M
$24,506,936
4,349
$101,372,178
19,367
Credit for Funding (CFF)
- Interest Expense
Net Interest Income
$311,519
$311,519
$0
$1,014,326
$1,014,326
$0
+ Non-Interest Income
Service Charges
Penalty Fees
Other
Total Nonlnterest Income
$91,166
$260,168
$28,269
$379,604
$682,882
$1,023,105
$273,653
$1,979,639
$379,604
$1,979,639
$195,493
$51,219
$246,713
$1 ,434,237
$396.458
$1,830,695
$ VOLUME OF DEMAND DEPOSITS
Average Number of Accounts
Net Income Before Non-Interest Expense
-Non-Interest Expenses
Direct Expenses
Salary
Fringe Benefits
Personnel Expense
$44,251
$53,090
$33,430
$9,605
$44,075
$6,848
$5,189
$87.030
$530,232
$200,518
$290,401
$178,471
$92,449
$378,246
$13,237
$23,897
$582 244
$3,590,158
$324,052
$854,283
$1.598 161
$5,188,319
Net Income
($474,680)
($3,208,679)
Memo: Net Income Before CFF
($786,198)
($4,223.005 )
Vendor Data Processing
Furniture & Equipment
Printing, Postage, & Freight
Telephone & Electronic Access
Occupancy
Professional Fees - Legal & Other
FDIC Insurance
All Other Direct Expenses
Total Direct Expense
Net Indirect Expenses
Total Non-Interest Expense
Composition of Demand Deposit Portfolio
Assets > $200 M
Assets up to $200 M
3%
1%
□
Non-Interest
■ Interest
□
Account Type
Non-Interest Bearing
Interest Bearing
Volume
$9,903,304
$14,248,413
Official Checks, etc.
*
45%
Official Checks
$355,219
Non-Interest
■
Interest
□
Official Checks
tr
Account Type
Non-Interest Bearing
Volume
$51,975,004
Interest Bearing
$45,870,648
Official Checks, etc.
Includes Official Checks, Money Orders, etc.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
,: 52%
□
- 125
$3,526,526
Demand Deposit Summary
Percent of Demand Deposit $ Volume
$ VOLUME OF DEMAND DEPOSITS
Average Number of Accounts
Credit For Funding (CFF)
-Interest Expense
Net Interest Income
+Non-Interest Income
Service Charges
Penalty Fees
Other
Total Non-Interest Income
Net Income Before Non-Interest Expense
14 Institutions
10 Institutions
Assets up to $200 M
Assets > $200 M
$24,506,936
$101,372,178
4,349
19,367
1.27%
1.27%
0.00%
1.00%
1.00%
0.00%
0.37%
1.06%
0.12%
1.55%
0.67%
1.01%
0.27%
1.95%
1.55%
1.95%
-Non-Interest Expenses
Direct Expenses
Salary
Fringe Benefits
Personnel Expense
0.80%
0.21%
1.01%
1.41%
0.39%
1.81%
Vendor Data Processing
0.18%
0.20%
Furniture & Equipment
0.22%
0.29%
Printing, Postage, & Freight
0.14%
0.18%
Telephone & Electronic Access
0.04%
0.09%
Occupancy
0.18%
0.37%
Professional Fees - Legal & Other
0.03%
0.01%
FDIC Insurance
0.02%
0.02%
All Other Direct Expenses
0.36%
0.57%
Total Direct Expense
2.16%
3.54%
Net Indirect Expenses
Total Non-Interest Expense
1.32%
1.58%
3.49%
5.12%
Net Income
(1.94%)
(3.17%)
Memo: Net Income Before CFF
(3.21%)
(4.17%)
Non-Interest Income/Total Direct Expenses
71.59%
55.14%
Personnel Expense/Total Direct Expenses
46.53%
50.99%
Net Indirect Expenses/Total Direct Expenses
61.12%
44.52%
Demand Deposit FTE Personnel
10.66
70.80
Number of Return Items (On-Us)
Number of Return Items (Transit)
5,058
3,129
111,323
22,444
15,927
97,146
Pre-Tax Ratios
Number of Official Checks, Money Orders, etc.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
126
Contribution to Demand Deposit
Non-Interest Income and Direct Non-Interest Expenses
Contribution to Demand Deposit Non-Interest Income*
$2,000,000
□ Assets
up
to $200 M
$1,500,000
■ Assets>
$1,000,000
$200M
$500,000
$ 0 ~ - - -.......Non-Interest Bearing
Interest Bearing
14 Institutions
Assets up to $200 M
Account Type
Non-Interest Bearing"
Interest Bearing
1O Institutions
Assets > $200 M
$1,614,410
$337,864
$262,637
$110,909
Contribution to Demand Deposit Direct Non-nterest Expenses
$2,500,000
□ Assets
up
to $200 M
$2,000,000
$1,500,000
■ Assets>
$1,000,000
$200M
$500,000
$0
~
_ ___.,_ __
Interest Bearing
Non-Interest Bearing
Account Type
14 Institutions
Assets up to $200 M
Non-Interest Bearing"
Interest Bearing
• Includes Official Checks, Money Orders, etc.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
127
10 Institutions
Assets > $200 M
$320,642
$2,464,212
$190,361
$1,059,173
Non-Interest Bearing Accounts
NON-INTEREST BEARING CHECKING ACCOUNTS
This product includes non-interest bearing checking deposits for individuals, businesses, and
government entities, as well as non-interest bearing trust funds maintained as time deposits, due-to
bank accounts, dealers' reserves, and Treasury Tax & Loan payments received for the first day of
deposit. The figures graphed below are shown before transfer pricing.
Non-Interest Bearing Checking Net Income
(Before Transfer Pricing)
1.00 .,,,,,_, ,
~::::,
0.00
0
-1.00
V
c
-2.00
V
>
0
I
I
I
!
!
I
Cl)
(.)
...
Cl)
~
-3.00
-4.00
!
vi
,-
i
I
l
.,,,,,-I
Assets up to $200 M
Assets > $200 M
Non-Interest Bearing Checking - Income/ Total Direct Expense
(Before Transfer Pricing)
90
80
c
Cl)
(.)
...
Cl)
~
70
60
50
40
30
20
10
0 ..,._.;;.._ __,.___ __
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Assets up to $200 M
Assets> $200 M
128
Non-Interest Bearing Accounts
Dollars
$ VOLUME OF NON-INTEREST BEARING ACCOUNTS*
13 Institutions
8 Institutions
Assets up to $200 M
Assets > $200 M
$9,309,268
Average Number of Accounts
Non-Interest Bearing Accts Total Relative Weights
Ratio of NonElectronic Weightsrrotal Transaction Weights
$51 ,758,078
2,559
12,162
56,850,399
221,608,930
79.82%
81.19%
Credit For Funding (CFF)
-Interest Expense
Net Interest Income
+Non-Interest Income
Service Charges
Penalty Fees
Other
Total Non-Interest Income
$0
$0
~
$0
~
$51,374
$165,109
$25,800
$242,283
$562,936
$774,572
$190,625
$1,528,133
Net Income Before Non-Interest Expense
$242,283
$1,528,133
$0
-Non-Interest Expenses
Direct Expenses
Salary·
Fringe Benefits
Personnel Expense
Vendor Data Processing
Furniture & Equipment
Printing, Postage, & Freight
Telephone & Electronic Access
Occupancy
Professional Fees - Legal & Other
$118,519
$29.475
$147,994
$793,040
$220.478
$1,013,517
$23,491
$31,876
$19,520
$5,519
$25,250
$128,774
$138,830
$99,829
$35,249
$203,141
$4,979
$3,594
$1 ,501
$11,469
$51.120
$300.451
Total Direct Expense
$311,251
$1,934,854
Net Indirect Expenses
Total Non-Interest Expense
$202,533
$513,783
$993,257
$2,928,110
Net Income
($271,500)
($1,399,978)
Memo: Net Income Before CFF
($271,500)
($1,399,978)
FDIC Insurance
All Other Direct Expenses••
• Includes Official Checks, Money Orders, etc.
•• Includes return items charge.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
129
Non-Interest Bearing Accounts
Percent of Non Interest Bearing Accounts & Official Check $ Volume
13 Institutions
8 Institutions
Assets up to $200 M
Assets > $200 M
$9,309,268
$ VOLUME OF NON-INTEREST BEARING ACCOUNTS*
$51,758,078
0.00%
0.00%
0.00%
0.00%
+Non-Interest Income
Service Charges
Penalty Fees
Other
Total Non-Interest Income
0.55%
1.77%
0.28%
1.09%
1.50%
0.37%
2.60%
2.95%
Net Income Before Non-Interest Expense
2.60%
2.95%
1.27%
0.32%
1.59%
1.53%
0.43%
1.96%
Vendor Data Processing
0.25%
0.25%
Furniture & Equipment
0.34%
0.27%
Printing, Postage, & Freight
Telephone & Electronic Access
0.21%
0.06%
0.27%
0.19%
0.07%
0.39%
0.05%
0.01%
0.02%
0.55%
0.02%
0.58%
Total Direct Expense
3.34%
3.74%
Net Indirect Expenses
Total Non-Interest Expense
2.18%
5.52%
1.92%
5.66%
(2.92%)
(2.70%)
(2.92%)
(2.70%)
Non-Interest Income/Total Direct Expenses
77.84%
78.98%
Personnel Expense/Total Direct Expenses
47.55%
52.38%
Net Indirect Expense/Total Direct Expenses
65.07%
51 .33%
6.44
35.45
4
15
0.00%
0.00%
Credit for Funding (CFF)
-Interest Expense
Net Interest Income
-Non-Interest Expenses
Direct Expenses
Salary
Fringe Benefits
Personnel Expense
Occupancy
Professional Fees-Legal & Other
FDIC Insurance
All Other Direct Expense**
Net Income
Memo: Net Income Before CFF
Pre-Tax Ratios
Non-Interest Bearing Accounts FTE Personnel
Number of Offices
* Includes Offical Checks, Money Orders, etc.
** Includes return items charge.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
130
Average Non-Interest Bearing Checking Account Profitability
Analysis of Avg Non-Interest Bearing Checking Account*
13 Institutions
8 Institutions
Assets up to $200 M
Assets > $200 M
Earnings Per Account Per Month
Credit for Funding (CFF)
- Interest Expense
Net Interest Income
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
+ Non-Interest Income
Service Charges
Penalty Fees
Other
Total Non-interest Income
$1.95
$5.50
$0.65
$8.10
$4.75
$5.75
$0.95
$11.45
$8.10
Net Income Before Non-Interest Expense
- Direct Activity Expenses
Deposits - Electronic
Deposits - NonElectronic
Withdrawals - Electronic
Withdrawals - NonElectronic
Transit Checks Deposited
Transit Checks Cashed
Accounts Opened
Accounts Closed
On-Us Checks Cashed
Acct Maintenance - Truncated
Acct Maintenance - NonTruncated
Total Direct Activity Expense
-Net Indirect Expenses
Net Income
Memo: Net Income Before CFF
* Excludes Official Checks, Money Orders, etc.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
131
$11.45
$0.01
$0.38
$0.29
$2.78
$2.59
$0.43
$0.21
$0.05
$0.37
$1.08
$5.22
$13.40
$2.80
$13.65
$8.01
($13.32)
$8.88
($11.08)
($13.32)
($11.08)
$0.02
$0.64
$0.36
$4.52
$2.85
$0.26
$0.19
$0.08
$0.27
$1 .67
Non-Interest Bearing Account Information
13 Institutions
8 Institutions
Assets up to $200 M
Assets > $200 M
$8,966,746
$342,523
2,559
$3,504
$ VOLUME OF NON-INTEREST BEARING CHECKING
$ VOLUME OF OFFICIAL CHECKS
Average Number of Accounts
Average Account $ Volume•
# Accounts Truncated
$48, 110,730
$3,647,348
12,162
$3,956
1,989
8,602
39,542.64
81,492.36
269,442.69
404,429.31
96,949.68
612,951.02
458,479.50
3,027,352.87
387,082.21
114,465.52
544
399
12
6.44
2,082,252.41
120,459.87
2,772
1,961
12
35.45
# Deposits
Electronic
Non Electronic
# Withdrawals
Electronic
NonElectronic
Transit Checks Deposited
Transit Checks Cashed
Accounts Opened
Accounts Closed
AveraQe Number of Statements per Account per Year
FTE Personnel
#
#
#
#
Productivity Measures
3.94
4.62
Withdrawals per Account per Month
23.12
23.88
Transit Checks Deposited per Account per Month
12.61
14.27
398
343
85
78
$42,441
Deposits per Account per Month
Average Number Accounts/FTE Personnel
Accounts Opened/FTE Personnel
$36,411
Non-Interest lncome/FTE Personnel
Personnel Expense/FTE Personnel
Non-Interest Bearing $ Volume/FTE Personnel
$22,994
$28,594
$1,446,402
$1,460,236
Item Costs**
1.03
1.41
Deposits-Non Electronic
25.88
35.40
Withdrawals-Electronic
Withdrawals-Non Electronic
12.20
25.42
18.90
29.80
16.68
34.78
25.44
40.77
$10.99
$15.04
Deposits-Electronic
Transit Check Deposited
Transit Check Cashed
Account Opened
Account Closed
$6.59
$9.02
On-Us Checks Cashed
28.06
38.38
Acct Maintenance - Truncated
Acct Maintenance - NonTruncated
Official Checks, Issued, etc.
$3.09
$3.68
$10.32
$16.11
$1.19
$1.62
• Excludes Official Checks$ Volume .
•• Item Costs are in cents unless a$ is shown. Also, Item Costs include direct and net indirect expenses.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
132
Non-Interest Bearing Accounts - Item Costs
13 Institutions
Activity
Deposit-Electronic
Deposit-Non Electronic
Assets up to $200 M
Direct Exgense
Net
Indirect Exgense
$226
$155
$381
$10,911
$8,195
$19,106
Total Exgense
$6,029
$3,429
$9,458
Withdrawal-NonElectronic
$81,042
$58,892
$139,934
Transit Check Deposited
$44,757
$32,412
$77,169
Transit Check Cashed
$12,682
$5,621
$18,303
Account Opened
$3,589
$2,498
$6,087
Account Closed
$1,532
$1,086
$2,619
On-Us Checks Cashed
$9,567
$4,214
$13,782
Withdrawal-Electronic
Account Maintenance(Truncated)
Account Maintenance(NonTruncated)
Official Checks Issued.etc.
Activity
Deposit-Electronic
Deposit-Non Electronic
Withdrawal-Electronic
Withdrawal-Non Electronic
$51,511
$45,599
$97,110
$111,641
$68,189
$179,830
$10,823.27
$6,269 .67
$17,092.93
Direct
Item Cost*
Net Indirect
Item Cost*
Item Cost*
Total
0.61
0.42
1.03
15.28
10.60
25.88
7.20
5.00
12.20
15.01
10.42
25.42
Transit Check Deposited
10.90
8.00
18.90
Transit Check Cashed
17.59
12.21
29.80
Account Opened
$6.49
$4.50
$10.99
Account Closed
$3.89
$2.70
$6.59
On-Us Checks Cashed
16.56
11.49
28.05
Account Maintenance(Truncated)-Monthly
$1 .76
$1 .33
$3.09
Account Mai ntenance(Non Truncated)-Monthly
$6.38
$3.94
$10.32
Official Checks Issued, etc.
$0.70
$0.49
$1 .19
• Item Costs are in cents unless a $ is shown.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
133
Non-Interest Bearing Accounts - Item Costs
8 Institutions
Activity
Deposit-Electronic
Deposit-Non Electronic
Assets > $200 M
Direct Exl;!ense
Net
Indirect Exgense
$2,287
$1,287
$3,574
$84,205
$45,787
$129,992
Total Exl;!ense
$43,368
$24,236
$67,604
Withdrawal-NonElectronic
$636,660
$329,882
$966,542
Transit Check Deposited
Withdrawal-Electronic
$340,411
$181,399
$521,809
Transit Check Cashed
$29,547
$15,903
$45,450
Account Opened
$26,109
$13,527
$39,635
Account Closed
$11,468
$5,853
$17,322
On-Us Checks Cashed
$31,644
$17,134
$48,778
$254,009
$117,715
$371,724
Account Maintenance(Truncated)
Account Maintenance(NonTruncated)
$368,819
$212,107
$580,925
Official Checks Issued.etc.
$56,240.92
$28,426.81
$84,667.73
Activity
Item Cost*
Direct
Deposit-Electronic
Deposit-NonEleetronic
Net Indirect
Item Cost*
Total
Item Cost*
0.88
0.53
1.41
22.14
13.26
35.40
Withdrawal-Electronic
10.43
6.25
16.69
Withdrawal-Non Electronic
21.75
13.03
34.78
Transit Check Deposited
15.91
9.53
25.44
Transit Check Cashed
25.49
15.27
40.76
$15.04
Account Opened
$9.41
$5.64
Account Closed
$5.64
$3.38
$9.02
On-Us Checks Cashed
24.00
14.38
38.38
Account Maintenance(Truncated)-Monthly
Account Maintenance(NonTruncated)-Monthly
Official Checks Issued, etc.
$2.30
$1.38
$3.68
$10.07
$6.04
$16.11
$1.01
$0.61
$1.62
" Item Costs are in cents unless a $ is shown.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
134
Non-Interest Bearing Checking Account Size Analysis
7 Institutions
4 Institutions
Assets up to $200 M
Assets > $200 M
Accounts
Volume
Accounts
Volume
Under $200
29.14%
0.45%
24. 11 %
0.26%
$200 - $499
14.25%
1.53%
13.97%
0.65%
$500 - $999
17.15%
3.76%
16.93%
1.56%
$1 ,000 - $4,999
28.74%
19.34%
31 .33%
8.77%
$5,000 - $9,999
5.12%
11 .06%
5.65%
5.42%
$1 0,000 - $24,999
3.47%
16.37%
4.1 1%
8.87%
$25,000 - $99,999
1.82%
25.50%
2.80%
18.98%
$100,000 and Over
0.32%
21 .99%
1.10%
55.48%
100.00%
100.00%
100.00%
100.00%
Total
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Non-Interest Bearing Checking Account Size Analysis
Distribution of Accounts
35%
30%
20%
15%
10%
5%
0%
Under
$200
$200$499
□
$500$999
$1,000$4,999
Assets up to $200 M
$5,000$9,999
$10,000- $25,000- $100,000
$24,999 $99,999 & Over
■ Assets>
$200 M
Non-Interest Bearing Checking Account Size Analysis
Distribution of Dollar Volume
25%
20%
15%
10%
5%
o%
L
lklder
$200
$200$499
□
$500$999
$1,000$4,999
Assets up to $200 M
135
$5,000- $10,000- $25,000- $100,000
$9,999 $24,999 $99,999 & Over
■
Assets > $200 M
Interest Bearing Checking Accounts
INTEREST BEARING CHECKING ACCOUNTS
This product includes interest bearing checking deposits and NOW accounts, including accounts that
pay interest upon maintenance of minimum balances, even if such minimum balances are not routinely
kept or interest is not routinely paid. The figures graphed below are shown before transfer pricing. The
direct expenses in the second graph include interest expense.
Interest Bearing Checking Net Income
(Before Transfer Pricing)
1
~
0
0
-1
::::,
>
0
'EQ)
-2
-3
...CJ
-4
Q)
a..
-5
Assets up to $200 M
Assets > $200 M
Interest Bearing Checking - Income/ Total Direct Expense*
(Before Transfer Pricing)
30
25
'EG)
20
CJ
15
...
Q)
a..
10
5
0
Assets up to $200 M
Assets > $200 M
*Total Direct Expense includes interest expense.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
136
Interest Bearing Checking Accounts
Dollars
$ VOLUME OF INTEREST BEARING CHECKING
Average Number of Accounts
Interest Bearing Checking Total Relative Weights
Ratio of NonElectronic Weights/Total Transaction Weights
14 Institutions
9 Institutions
Assets up to $200 M
Assets > $200 M
$14,248,413
1,646
29,053,432
88.15%
$46,926,360
6,746
93,755,907
87.09%
$311,519
$311,519
$0
$1,053,542
$1,053,542
$0
$29,650
$85,747
$8,759
$124,156
$130,487
$240,016
$88,851
$459,355
$124,156
$459,355
Salary
$67,881
$372,118
Fringe Benefits
$20,025
$97,834
Personnel Expense
$87,906
$469,952
Vendor Data Processing
$18,835
$91,234
Furniture & Equipment
$21,464
$92,743
Printing, Postage, & Freight
$14,145
$65,692
Credit For Funding (CFF)
-Interest Expense
Net Interest Income
+Non-Interest Income
Service Charges
Penalty Fees
Other
Total Non-Interest Income
Net Income Before Non-Interest Expense
-Non-Interest Expenses
Direct Expenses
Telephone & Electronic Access
$3,622
$23,982
$16,495
$116,785
Professional Fees - Legal & Other
$2,181
$10,362
FDIC Insurance
$2,957
$13,150
$32,075
$169,249
Total Direct Expense
$199,679
$1,053,150
Net Indirect Expenses
Total Non-Interest Expense
$115,707
$315,387
$444,307
$1,497,457
Net Income
($191,230)
($1,038,102)
Memo: Net Income Before CFF
($502,749)
($2,091,644)
Occupancy
All Other Direct Expenses•
• Includes Return Items Charge.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
137
Interest Bearing Checking Accounts
Percent of Interest Bearing Checking Accounts $ Volume
14 Institutions
9 Institutions
Assets up to $200 M
Assets > $200 M
$14,248,413
$ VOLUME OF INTEREST BEARING CHECKING ACCOUNTS
$46,926,360
0.00%
2.25%
2.25%
0.00%
0.21%
0.60%
0.06%
0.87%
0.28%
0.51%
0.19%
0.98%
0.87%
0.98%
0.48%
0.14%
0.62%
0.79%
0.21%
1.00%
0.13%
0.15%
0.10%
0.03%
0.12%
0.02%
0.02%
0.23%
1.40%
0.19%
0.20%
0.14%
0.05%
0.25%
0.02%
0.03%
0.36%
2.24%
0.81%
2.21%
0.95%
3.19%
(1.34%)
(2.21%)
(3.53%)
(4.46%)
62.18%
44.02%
57.95%
43.62%
44.62%
42.19%
3.61
19.52
4
18
2. 19%
2.19%
Credit for Funding (CFF)
- Interest Expense
Net Interest Income
+ Non-Interest Income
Service Charges
Penalty Fees
Other
Total Non-interest Income
Net Income Before Non-Interest Expense
-Non-Interest Expenses
Direct Expenses
Salary
Fringe Benefits
Personnel Expense
Vendor Data Processing
Furniture & Equipment
Printing, Postage, & Freight
Telephone & Electronic Access
Occupancy
Professional Fees-Legal & Other
FDIC Insurance
All Other Direct Expenses*
Total Direct Expense
Net Indirect Expenses
Total Non-Interest Expense
Net Income
Memo: Net Income Before CFF
Pre-Tax Ratios
Non-Interest Income/Total Direct Expenses
Personnel Expense/Total Direct Expenses
Net Indirect Expense/Total Direct Expenses
Interest Bearing Checking Accounts FTE Personnel
Number of Offices
* Includes Return Items Charge.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
138
Average Interest Bearing Checking Account Profitability
Analysis of Average Interest Bearing Checking Account
14 Institutions
9 Institutions
Assets up to $200 M
Assets > $200 M
Earnings Per Account Per Month
Credit for Funding (CFF)
- Interest Expense
Net Interest Income
+Non-Interest Income
Service Charges
Penalty Fees
Other
Total Non-interest Income
Net Income Before Non-Interest Expense
- Direct Activity Expenses
Deposits - Electronic
Deposits - NonElectronic
Withdrawals - Electronic
Withdrawals - NonElectronic
Transit Checks Deposited
Transit Checks Cashed
Accounts Opened
Accounts Closed
On-Us Checks Cashed
Acct Maintenance - Truncated
Acct Maintenance - NonTruncated
Total Direct Activity Expense
-Net Indirect Expenses
Net Income
Memo: Net Income Before CFF
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
139
$19.77
$19.77
$0.00
$19.85
$19.85
$0.00
$1.20
$2.81
$0.68
$4.69
$2.08
$4.20
$0.65
$6.93
$4.69
$6.93
$0.01
$0.47
$0.37
$2.50
$1.35
$0.45
$0.20
$0.06
$0.36
$0.61
$6.42
$12.79
$0.02
$0.65
$0.71
$4.05
$2.64
$0.35
$0.13
$0.07
$0.31
$1.19
$3.99
$14.13
$6.23
($14.32)
$7.07
($14.27)
($34.09)
($34.12)
Interest Bearing Account Information
14 Institutions
9 Institutions
Assets u~ to 1200 M
Assets > 1200 M
$14,248,413
$ VOLUME OF INTEREST BEARING CHECKING
Average Number of Accounts
Average Account $ Volume
6,746
$8,655
$6,957
1,419
# Accounts Truncated
#Deposits
Electronic
Non Electronic
# Withdrawals
Electronic
Non Electronic
# Transit Checks Deposited
# Accounts Opened
# Accounts Closed
Average Number of Statements per Account per Year
FTE Personnel
Productivity Measures
Deposits per Account per Month
Withdrawals per Account per Month
Transit Checks Deposited per Account per Month
Average Number Accounts/FTE Personnel
Account Opened/FTE Personnel
153,293.60
188,419.73
83,979.80
328,288.70
106,349.89
258
194
12
3.61
268,802.99
1,337,555.68
839,838.59
663
871
12
19.52
3.44
4.22
20.87
19.84
5.38
10.38
72
$30,735
Personnel Expense/FTE Personnel
Interest Bearing $ Volume/FTE Personnel
Item Costs*
Deposits-Electronic
5,500
23,106.79
44,845.99
456
Non-Interest lncome/FTE Personnel
$46,926,360
1,646
346
34
$18,774
$24,360
$24,071
$3,948,491
$2,403,604
1.13
1.59
Deposits-Non Electronic
Withdrawals-Electronic
28.35
39.77
15.53
21.79
Withdrawals-Non Electronic
Transit Check Deposited
Transit Check Cashed
Account Opened
Account Closed
On-Us Checks Cashed
27.95
39.21
Acct Maintenance - Truncated-Monthly
Account Maintenance - NonTruncated-Monthly
21 .05
28.68
32.53
$12.09
45.63
$16.95
$7.25
30.62
$10.17
42.95
$2.11
$2.49
$10.54
$17.66
• Item Costs are in cents unless a $ is shown. Also, Item Costs include direct and net indirect expenses.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
140
Interest Bearing Checking Accounts - Item Costs
Assets up to $200 M
14 Institutions
Activity
Deposit-Electronic
Deposit-Non Electronic
Withdrawal-Electronic
Net
Indirect Ex~ense
Direct Ex~ense
$140
Total Ex~ense
$85
$226
$8,903
$6,635
$15,538
$6,926
$3,364
$44,558
$102,629
Withdrawal-NonElectronic
$58,072
Transit Check Deposited
$10,290
$11,628
$8,567
$20,194
Transit Check Cashed
$9,596
$3,684
$13,279
Account Opened
$2,256
$1,200
$3,456
Account Closed
$1,076
$605
$1,681
On-Us Checks Cashed
$8,184
$3,267
$11,451
Account Maintenance(Truncated)
$23,619
$23,546
$47,165
Account Maintenance(NonTruncated)
$86,671
$39,974
$126,645
Activity
Deposit-Electronic
Deposit-Non Electronic
Withdrawal-Electronic
Withdrawal-Non Electronic
Direct
Item Cost*
0.71
17.73
Net Indirect
Item Cost*
0.43
10.62
Total
Item Cost*
1.14
28.35
9.71
5.82
15.53
17.48
10.47
27.95
Transit Check Deposited
12.99
8.06
21.05
Transit Check Cashed
20.34
12.19
32.53
Account Opened
$7.56
$4.53
$12.09
Account Closed
$4.53
$2.72
$7.25
On-Us Checks Cashed
19.15
11.47
30.62
Account Maintenance (Truncated)-Monthly
$1.23
$0.87
$2.11
Account Maintenance (Non Truncated)-Monthly
$7.06
$3.48
$10.54
• Item Costs are in cents unless a $ is shown.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
141
Interest Bearing Checking Accounts - Item Costs
9 Institutions
Activity
Deposit-Electronic
Assets > $200 M
Net
Indirect Ex~ense
$878
$25,165
Direct Ex~nse
$1,782
Total Ex~ense
$2,660
Deposit-Non Electronic
$54,780
Withdrawal-Electronic
$47,945
$20,657
$68,603
Withdrawal-NonElectronic
$393,121
$162,411
$555,532
Transit Check Deposited
$120,050
$47,049
$167,099
$25,994
$11,858
$37,853
Account Opened
$9,020
$4,535
$13,555
Account Closed
$6,822
$3,046
$9,869
$23,323
$10,295
$33,618
Transit Check Cashed
On-Us Checks Cashed
$79,946
Account Maintenance(Truncated)
$132,377
$50,526
$182,903
Account Maintenance(NonTruncated)
$242,238
$127,687
$369,926
Direct
Item Cost*
1.59
26.33
Net Indirect
Item Cost*
0.54
13.44
14.42
7.36
39.n
21 .79
39.22
Activity
Deposit-Electronic
Deposit-Non Electronic
Withdrawal-Elec;:tronic
Item Cost*
1.05
Total
Withdrawal-Non Electronic
25.96
13.25
Transit Check Deposited
18.99
9.69
28.68
Transit Check Cashed
30.21
15.42
45.63
Account Opened
$11.23
$5.73
$16.96
Account Closed
$6.73
$3.44
$10.17
On-Us Checks Cashed
28.44
14.51
42.95
Account Maintenance (Truncated)-Monthly
$1 .67
$0.82
$2.49
$11.73
$5.94
$17.66
Account Maintenance (NonTruncated)-Monthly
*
Item Costs are in cents unless a$ is shown.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
142
Interest Bearing Checking Account Size Analysis
7 Institutions
3 Institutions
Assets up to $200 M
Assets > $200 M
Accounts
Volume
Accounts
Volume
Under $200
10.64%
0.08%
9.34%
0.05%
$200- $499
8.74%
0.29%
8.94%
0.31%
$500 - $999
11.26%
0.84%
11 .34%
0.98%
$1,000 - $4,999
36.91%
10.12%
39.10%
10.56%
$5,000 - $9,999
14.23%
11.02%
12.68%
9.94%
$10,000 - $24,999
11.52%
19.69%
11.28%
16.95%
$25,000 - $99,999
5.67%
27.49%
5.98%
24.90%
$100,000 and Over
1.03%
30.47%
1.34%
36.30%
100.00%
100.00%
100.00%
100.00%
Total
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Interest Bearing Checking Account Size Analysis
Distribution of Accounts
40%
30%
20%
10%
0%
Under
$200
$200$499
$500$999
I □ Assets
$1,000$4,999
up to $200 M
$5,000- $10,000- $25,000- $100,000
$9,999 $24,999 $99,999 & Over
■ Assets > $200 M
I
Interest Bearing Checking Account Size Analysis
Distribution of Dollar Volume
Under
$200
$200$499
$500$999
I □ Assets
$1,000$4,999
$5,000$9,999
up to $200 M
143
$10,000- $25,000- $100,000
$24,999 $99,999 & Over
■ Assets
> $200 M
I
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
This page left intentionally blank.
144
Savings Deposit Summary
Dollars
14 Institutions
Assets up to $200 M
$ VOLUME OF SAVINGS DEPOSITS
Average Number of Accounts
Credit for Funding (CFF)
- Interest Expense
Net Interest Income
10 Institutions
Assets > $200 M
$17,796,865
2,950
$124,265,140
19,467
$619,012
$619,012
$0
$4,235,098
$4,235,098
$0
$4,966
$0
+Non-Interest Income
Service Charges
Penalty Fees
Other
Total Non-Interest Income
iQ
$154,101
$19,397
$39,632
$4,966
$213,130
$4,966
$213,130
$70,737
$19,019
$89,756
$542,520
$136,023
$678,543
$17,263
$19,634
$1 1,627
$3,687
$16,874
$1,533
$3,285
$27,956
$191,616
$107,920
$124,152
$60,004
$35,824
$186,630
$8,584
$38,839
$141,870
Net Income Before Non-Interest Expense
-Non-Interest Expenses
Direct Expenses
Salary
Fringe Benefits
Personnel Expense
Vendor Data Processing
Furniture & Equipment
Printing, Postage, & Freight
Telephone & Electronic Access
Occupancy
Professional Fees - Legal & Other
FDIC Insurance
All Other Direct Expenses
Total Direct Expense
Net Indirect Expenses
Total Non-Interest Expense
Net Income
Memo: Net Income Before CFF
$1,382,366
$80,233
$271,849
$519,474
$1,901,840
($266,883)
($1,688,711)
($885,895)
($5,923,809)
Composition of Savings Deposit Portfolio
Assets up to $200 M
Assets > $200 M
42%
□
□
Reg Savings
■ MMDA
Account Type
Regular Savings
MMDA
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Reg Savings
■ MMDA
Volume
$7,873,123
$10,687,107
145
Account Type
Regular Savings
Volume
$74,973,094
MMDA
$49,292,046
Savings Deposit Summary
Percent of Savings Deposit $ Volume
14 Institutions
10 Institutions
Assets up to S200 M
Assets > $200 M
$17,796,865
$ VOLUME OF SAVINGS DEPOSITS
3.48%
3.48%
Credit for Funding (CFF)
- Interest Expense
Net Interest Income
+Non-Interest Income
Service Charges
Penalty Fees
Other
Total Non-Interest Income
Net Income Before Non-Interest Expense
$124,265,140
0.00%
3.41%
3.41%
0.00%
0.03%
0.00%
0.00%
0.03%
0.12%
0.02%
0.03%
0.17%
0.03%
0.17%
0.40%
0.11%
0.50%
0.44%
0.11%
0.55%
-Non-Interest Expenses
Direct Expenses
Salary
Fringe Benefits
Personnel Expense
0.10%
0.11%
Vendor Data Processing
Furniture & Equipment
Printing, Postage, & Freight
0.07%
0.02%
Telephone & Electronic Access
Occupancy
0.09%
0.01%
0.09%
0.10%
0.05%
0.03%
0.15%
0.02%
0.16%
0.01%
0.03%
0.11%
Total Direct Expense
1.08%
1.11%
Net Indirect Expenses
Total Non-Interest Expense
0.45%
1.53%
0.42%
1.53%
(1.50%)
(1.36%)
(4.98%)
(4.77%)
2.59%
15.42%
49.09%
37.58%
Professional Fees-Legal & Other
FDIC Insurance
All Other Direct Expenses
Net Income
Memo: Net Income Before CFF
Pre-Tax Ratios
Non-Interest Income/Total Direct Expenses
Personnel Expense/Total Direct Expenses
Net Indirect Expense/Total Direct Expenses
46.84%
41 .87%
3.60
Savings Deposit FTE Personnel
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
146
25.36
Contribution to Savings Deposits
Non-Interest Income and Direct Non-Interest Expenses
Contribution to Savings Deposit Non-Interest Income
$200,000
$150,000
□
$100,000
Assets up to $200 M
■ Assets>
$50,000
$200 M
$0
Regular Savings
MMDA
14 Institutions
Assets up to $200 M
Account Type
Regular Savings
MMDA
10 Institutions
Assets > $200 M
$4,926
$1 ,735
$158 ,838
$20,731
Contribution to Savings Deposit Direct Non-Interest Expenses
$1,200,000
$1,000,000
$800,000
$600,000
$400,000
□
Assets up to $200 M
■
Assets > $200 M
$200,000
$0 _ _.......__ _
Regular Savings
MMDA
14 Institutions
Assets up to $200 M
Account Type
$128,581
$58,388
Regular Savings
MMDA
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
147
10 Institutions
Assets > $200 M
$1 ,056 ,940
$277 ,108
Regular Savings Accounts
REGULAR SAVINGS ACCOUNTS
Regular savings includes all consumer and commercial savings, such as passbook and statement
accounts, school savings accounts, and club accounts. The figures graphed below are shown before
transfer pricing. The second graph includes only direct interest and non-interest expenses.
Regular Savings Deposit Net Income
(Before Transfer Pricing)
1.00
~:::s
~
-c
0
..
Cl)
u
Cl)
a..
o.oo.i-4===::::;;.---•
-1.00
-2.00
-3.00
-4.00
-5.00
-s.oo~--------------------.,,,
Assets up to $200 M
Assets > $200 M
Regular Savings Deposits - Non-interest Expense/ Total Direct Expense*
(Before Transfer Pricing)
c
..
Cl)
u
Cl)
a..
40
35
30
25
20
15
10
5
0
Assets up to $200 M
Assets > $200 M
• Total Direct Expense includes interest expense.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
148
Regular Savings Accounts
Dollars
$ VOLUME OF REGULAR SAVINGS
Average Number of Accounts
Regular Savings Total Relative Weghts
Ratio of NonElectronic Weights/Total Transaction Weights
Credit For Funding (CFF)
-Interest Expense
Net Interest Income
+Non-Interest Income
Service Charges
Penalty Fees
Other
Total Non-Interest Income
13 Institutions
8 Institutions
Assets up to $200 M
Assets > $200 M
$8,468,461
2,758
4,947,954
92.32%
$83,688,005
18,449
28,008,788
90.43%
$248,966
$248,966
$0
$2,477,368
$2,477,368
$0
$4,803
$0
~
$93,751 •
$9,735
$4,803
~
$103,486
$4,803
$103,486
$51,912
$13,417
$65,329
$500,114
$123,698
$623,812
$90,927
$122,161
$55,122
$35,524
$187,187
All Other Direct Expenses
Total Direct Expense
$17,695
$13,373
$8,800
$2,909
$12,379
$1,268
$1,951
$20,473
$8,726
$24,731
$119,917
$144,178
$1,268,108
Net Indirect Expenses
Total Non-Interest Expense
$59,418
$203,595
$487,969
$1,756,077
Net Income
($198,792)
($1,652,591)
Memo: Net Income Before CFF
($447,759)
($4,129,959)
Net Income Before Non-Interest Expense
-Non-Interest Expenses
Direct Expenses
Salary
Fringe Benefits
Personnel Expense
Vendor Data Processing
Furniture & Equipment
Printing, Postage, & Freight
Telephone & Electronic Access
Occupancy
Professional Fees - Legal & Other
FDIC Insurance
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
149
Regular Savings Accounts
Percent of Regular Savings Account$ Volume
13 Institutions
8 Institutions
Assets u~ to 1200 M
Assets > 1200 M
$8,468,461
$ VOLUME OF REGULAR SAVINGS ACCOUNTS
$83,688,005
2.94%
2.94%
Credit for Funding (CFF)
- Interest Expense
Net Interest Income
0.00%
2.96%
2.96%
0.00%
+ Non-Interest Income
Service Charges
Penalty Fees
0.06%
0.11%
0.00%
0.01%
Other
0.00%
0.00%
Total Non-interest Income
0.06%
0.12%
0.06%
0.12%
0.61%
0.16%
0.77%
0.60%
0.15%
0.75%
0.21%
0.16%
0.10%
0.03%
0.15%
0.01%
0.02%
0.24%
1.70%
0.11%
0.15%
0.07%
0.04%
0.22%
0.01%
0.03%
0.14%
1.52%
0.70%
2.40%
0.58%
2.10%
(2.35%)
(1.97%)
(5.29%)
(4.93%)
3.33%
45.31%
41 .21%
8.16%
49.19%
38.48%
Net Income Before Non-Interest Expense
-Non-Interest Expenses
Direct Expenses
Salary
Fringe Benefits
Personnel Expense
Vendor Data Processing
Furniture & Equipment
Printing, Postage, & Freight
Telep~one & Electronic Access
Occupancy
Professional Fees-Legal & Other
FDIC Insurance
All Other Direct Expenses
Total Direct Expenses
Net Indirect Expenses
Total Non-Interest Expense
Net Income
Memo: Net Income Before CFF
Pre-Tax Ratios
Non-Interest Income/Total Direct Expenses
Personnel Expense/Total Direct Expenses
Net Indirect Expense/Total Direct Expenses
Regular Savings Accounts FTE Personnel
Number of Offices
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
150
2.72
23.54
4
15
Average Regular Savings Account Profitability
Analysis of Average Regular Savings Account
13 Institutions
8 Institutions
Assets up to $200 M
Assets > $200 M
Earnings Per Account Per Year
+Non-Interest Income
Service Charges
Penalty Fees
Other
Total Non-interest Income
Net Income Before Non-Interest Expense
- Direct Activity Expenses
Deposits - Electronic
Deposits - NonElectronic
Withdrawals - Electronic
Withdrawals - NonElectronic
Transit Checks Deposited
Accounts Opened
Accounts Closed
Account Maintenance
Total Direct Activity Expense
-Net Indirect Expenses
Net Income
Memo: Net Income Before CFF
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$0.00
$164.94
$164.94
$0.00
$2.23
$0.00
$0.00
$2.23
$4.98
$0.82
$0.00
$5.80
$2.23
$5.80
$0.10
$3.87
$0.40
$3.66
$10.69
$5.00
$2.31
$28.35
$54.38
$0.20
$3.07
$0.78
$4.95
$6.42
$4.56
$3.05
$37.75
$60.78
$85.63
$85.63
Credit for Funding (CFF)
-Interest Expense
Net Interest Income
151
$23.15
$28.52
($75.30)
($83.51)
($160.93)
($248.45)
Regular Savings Account Information
13 Institutions
8 Institutions
Assets u~ to i200 M
Assets > i200 M
$8,468,461
$ VOLUME OF REGULAR SAVINGS ACCOUNTS
Average Number of Accounts
Average Account$ Volume
$83,688,005
2,758
18,449
$3,071
$4,536
# Deposits
Electronic
Non Electronic
7,896.90
54,050.94
26,945.10
97,850.06
# Withdrawals
6,672.89
45,787.51
Non Electronic
27,653.81
114,377.56
# Transit Checks Deposited
71,779.29
267,613.72
Electronic
# Accounts Opened
651
3,215
# Accounts Closed
520
3,546
Average Number of Statements per Account per Year
FTE Personnel
6
7
2.72
23.54
Productivity Measures
8.23
Deposits per Account per Year
12.63
Withdrawals per Account per Year
12.45
8.68
Transit Checks Deposited per Account per Year
26.03
14.51
Average Number Accounts/FTE Personnel
1,014
784
240
Account Opened/FTE Personnel
$1,971
Non-Interest lncome/FTE Personnel
Personnel Expense/FTE Personnel
Average$ Volume/FTE Personnel
Item Costs*
Deposits-Electronic
Deposits-Non Electronic
Withdrawals-Electronic
137
$4,721
$24,032
$26,499
$3,115,167
$3,554,952
4.26
5.74
65.45
36.39
88.18
48.96
Withdrawals-Non Electronic
65.45
88.18
Transit Check Deposited
49.17
64.47
Account Opened
Account Closed
$28.30
$16.98
$38.13
$22.88
Account Maintenance-Annual
$41 .11
$55.39
" Item Costs are in cents unless a $ is shown. Also, Item Costs include direct and net indirect expenses.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
152
Regular Savings - Item Costs
13 Institutions
Activity
Assets up to $200 M
Direct Expense
Deposit-Electronic
Deposit-Nonelectronic
Withdrawal-Electronic
Net
Indirect Expense
Total Expense
$205
$92
$297
$11,098
$4,090
$15,188
$1,389
$597
$1 ,986
$10,110
$4,183
$14,293
Transit Check Deposited
$27,875
$10,822
$38,697
Account Opened
$12,199
$5,141
$17,339
Withdrawal-Non Electronic
Account Closed
$5,441
$2,343
$7,785
Account Maintenance
$70,419
$32,983
$103,402
Activity
Direct
Item Cost*
2.94
Deposit-Electronic
Net Indirect
Item Cost*
Total
Item Cost*
1.32
4.26
20.31
65.45
25.10
11 .29
36.39
45.14
20.31
65.45
33.66
15.51
49.17
Deposit-Nonelectronic
45.14
Withdrawal-Electronic
Withdrawal-Non Electronic
Transit Check Deposited
Account Opened
$19.52
$8.78
$28.30
Account Closed
$11.71
$5.27
$16.98
Accoynt Maintenance-Annual
$28.35
$12.76
$41 .11
8 Institutions
Activity
Deposit-Electronic
Deposit-Nonelectronic
Assets > $200 M
Direct Expense
Net
Indirect Expense
Total Expense
$2,766
$1 ,220
$3.987
$65,055
$25,189
$90.244
Withdrawal-Electronic
$20,213
$7,237
$27.450
Withdrawal-NonElectronic
$77,035
Transit Check Deposited
$110.757
$149,712
$128.386
$103,880
$33,723
$45,831
Account Opened
$91,506
$36,880
Account Closed
$66,678
$26,077
S92.755
$792,584
$312,716
$1 ,105.300
Account Maintenance
Activity
Deposit-Electronic
Direct
Item Cost*
Net Indirect
Item Cost*
Total
Item Cost·
3.91
1.83
5 .74
Deposit-Nonelectronic
60.10
28.08
88.18
Withdrawal-Electronic
33.76
15.20
48.96
Withdrawal-Non Electronic
60.10
28.08
88.18
Transit Check Deposited
43.94
20.53
64.47
Account Opened
$25.99
$12.14
$38.13
Account Closed
$15.59
$7.29
$22.88
Account Maintenance-Annual
$37.75
$17.64
$55.39
* Item Costs are in cents unless a $ is shown.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
153
Regular Savings Account Size Analysis
6 Institutions
4 Institutions
Assets up to $200 M
Assets > $200 M
Accounts
Volume
Accounts
Volume
Under$200
37.47%
0.85%
31.95%
0.27%
$200- $499
16.55%
1.82%
12.27%
0.61%
$500- $999
11.81%
3.33%
10.90%
1.19%
$1,000 - $4,999
21.62%
19.76%
23.82%
8.35%
$5,000 - $9,999
6.39%
16.21%
7.84%
8.42%
$10,000 - $24,999
4.35%
24.75%
7.11%
16.07%
$25,000 - $99,999
1.67%
26.43%
5.27%
32.67%
$100,000 and Over
0.14%
6.84%
0.83%
32.43%
100.00%
100.00%
100.00%
100.00%
Total
Regular Savings Account Size Analysis
Distribution of Accounts
40%
30%
20%
10%
0%
Under
$200-
$500·
$1,000-
$5,000-
$10,000· $25,000- $100,000
$200
$499
$ 999
$4,999
$9,999
$24 ,999
□
■
Assets up to $200 M
$99 ,999
& Over
Assets > $200 M
Regular Savings Account Size Analysis
Distribution of Dollar Volume
40%
30%
20%
10%
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Under
$200-
$500-
$1,000-
$ 5,000- $10,000- $ 25,000· $100,000
$200
$499
$999
$4,999
$9,999
□
$24,999
■
Assets up to $200 M
154
$99,999
& Over
Assets > $200 M
Money Market Deposit Accounts
MONEY MARKET DEPOSIT ACCOUNTS (MMDAs)
This product includes all consumer and commercial MMDAs. The figures graphed below are shown
before transfer pricing. The second graph includes only direct interest and non-interest expenses.
MMDAs Net Income
(Before Transfer Pricing)
0.00
~
-1.00
0
-2.00
::::,
>
0
c
...u
-3.00
Cl,)
-4.00
Cl,)
-5.00
0.
-6.00
Assets up to $200 M
Assets > $200 M
MMDAs - Non-interest Expense/ Total Direct Expense*
(Before Transfer Pricing)
Assets up to $200 M
Assets > $200 M
*Total direct expense includes interest expense.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
155
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
This page left intentionally blank.
156
Money Market Deposit Accounts
Dollars
13 Institutions
9 Institutions
Assets up to $200 M
Assets > $200 M
$10,687,107
$ VOLUME OF MMDA ACCOUNTS
Average Number of Accounts
MMDA Total Relative Weights
409
989,000
94.08%
NonElectronic WeightsfTotal Transaction Weights
$417,400
$417,400
$0
Credit For Funding (CFF)
-Interest Expense
Net Interest Income
+Non-Interest Income
Service Charges
Penalty Fees
Other
Total Non-Interest Income
Net Income Before Non-Interest Expense
$47,567,262
1,384
3,195,312
94.73%
$1,974,296
$1,974,296
$0
$1,377
$0
~
$1,377
~
$28,025
$1,377
$28,025
$11,789 ·
$16,236
-Non-Interest Expenses
Direct Expenses
Salary
Fringe Benefits
Personnel Expense
Vendor Data Processing
Furniture & Equipment
Printing, Postage, & Freight
Telephone & Electronic Access
Occupancy
Professional Fees - Legal & Other
$23,754
$6,965
$30,719
$113,501
$30,400
$143,901
$1,859
$6,783
$10,762
$22,552
$3,654
$843
$14,618
$5,568
$5,455
$33,763
$1,106
FDIC Insurance
$332
$1,583
$18,682
All Other Direct Expenses
$8,723
$34,729
Total Direct Expense
$60,063
$285,568
Net Indirect Expenses
Total Non-Interest Expense
$25,583
$85,646
$95 166
$380,735
($84,269)
($352,710)
($501,669)
($2,327,005)
Net Income
Memo: Net Income Before CFF
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
157
Money Market Deposit Accounts
Percent of Money Market Deposit Accounts $ Volume
13 Institutions
9 Institutions
Assets up to $200 M
Assets > $200 M
$10,687,107
$ VOLUME OF MONEY MARKET DEPOSIT ACCOUNTS
$47,567,262
0.00%
4.15%
4.15%
0.00%
0.01%
0.00%
0.00%
0.01%
0.02%
0.03%
0.00%
0.06%
0.01%
0.06%
0.22%
0.07%
0.29%
0.24%
0.06%
0.30%
0.02%
0.06%
0.03%
0.01%
0.05%
0.00%
0.01%
0.08%
0.56%
0.02%
0.05%
0.03%
0.01%
0.07%
0.00%
0.04%
0.07%
0.60%
0.24%
0.80%
0.20%
0.80%
Net Income
(0.79%)
(0.74%)
Memo: Net Income Before CFF
(4.69%)
(4.89%)
2.29%
51.15%
42.59%
9.81%
50.39%
33.33%
3.91%
3.91%
Credit for Funding (CFF)
- Interest Expense
Net Interest Income
+ Non-Interest Income
Service Charges
Penalty Fees
Other
Total Non-interest Income
Net Income Before Non-Interest Expense
-Non-Interest Expenses
Direct Expenses
Salary
Fringe Benefits
Personnel Expense
Vendor Data Processing
Furniture & Equipment
Printing, Postage, & Freight
Teleph_
one & Electronic Access
Occupancy
Professional Fees-Legal & Other
FDIC Insurance
All Other Direct Expenses
Total Direct Expenses
Net Indirect Expenses
Total Non-Interest Expense
Pre-Tax Ratios
Non-Interest Income/Total Direct Expenses
Personnel Expense/Total Direct Expenses
Net Indirect Expense/Total Direct Expenses
Money Market Deposit Accounts FTE Personnel
Number of Offices
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
158
1.13
5.13
3
18
Average Money Market Deposit Account Profitability
Analysis of Average MMDA
13 Institutions
9 Institutions
Assets up to $200 M
Assets > $200 M
Earnings Per Account Per Year
$1,179.42
$1,179.42
$0.00
$2,586.24
$2,586.24
$0.00
+Non-Interest Income
Service Charges
Penalty Fees
Other
Total Non-interest Income
$4.39
$0.00
$0.00
$4.39
$17.90
$23.90
$0.00
$41.80
Net Income Before Non-Interest Expense
$4.39
$41.80
$0.26
$21.49
$2.27
$16.75
$20.82
$11.75
$3.69
$99.33
$176.36
$0.47
$19.92
$3.28
$20.31
$47.07
$25.54
$11.63
$123.03
$251.25
Credit for Funding (CFF)
-Interest Expense
Net Interest Income
- Direct Activity Expenses
Deposits - Electronic
Deposits - NonElectronic
Withdrawals - Electronic
Withdrawals - NonElectronic
Transit Checks Deposited
Accounts Opened
Accounts Closed
Account Maintenance
Total Direct Activity Expense
-Net Indirect Expenses
Net Income
Memo: Net Income Before CFF
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
159
$77.85
$91.29
($249.82)
($300.74)
($1,429.23}
($2,886.98)
Money Market Deposit Account Information
$ VOLUME OF MONEY MARKET DEPOSIT ACCOUNTS
13 Institutions
9 Institutions
Assets up to $200 M
Assets > $200 M
$10,687,107
Average Number of Accounts
Average Account$ Volume
$47,567,262
409
1,384
$26,145
$34,372
#Deposits
Electronic
2,824.60
2,306.49
Non Electronic
8,323.94
18,106.56
# Withdrawals
Electronic
2,220.03
1,531.53
Non Electronic
6,311.43
20,804.14
# Transit Checks Deposited
13,830.96
97
45,143.12
402
# Accounts Opened
# Accounts Closed
90
Average Number of Statements per Account per Year
FTE Personnel
287
11
10
1.13
5.13
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
Non-Interest lncome/FTE Personnel
Personnel Expense/FTE Personnel
MMDA $ Volume/FTE Personnel
27.27
14.75
20.87
16.14
33.84
32.62
362
270
86
78
$1,536
$4,461
$27,204
$28,045
$9,464,059
$9,270,363
Item Costs•
Deposits-Electronic
Deposits-Non Electronic
11.69
14.36
179.61
211.51
Withdrawals-Electronic
Withdrawals-Non Electronic
99.86
129.98
179.61
211.51
135.48
154.64
$77.66
$48.53
$143.41
$91.45
$54.87
$168.88
Transit Check Deposited
Account Opened
Account Closed
Account Maintenance-Annual
• Item Costs are in cents unless a $ is shown. Also, Item Costs include direct and net indirect expenses.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
160
Money Market Deposit Account - Item Costs
13 Institutions
Activity
Assets up to $200 M
Direct ExRense
$141
Deposit-Electronic
Deposit-Nonelectronic
Net
Indirect ExRense
$8,032
Total ExRense
$59
$200
$3,336
$11,368
Withdrawal-Electronic
$1,166
$528
$1,694
Withdrawal-Non Electronic
$5,068
$2,342
$7,410
$9,440
Transit Check Deposited
$6,468
$2,972
Account Opened
$3,761
$1,521
$5,283
Account Closed
$1,804
$712
$2,515
$32,584
$14,397
$46,981
Account Maintenance
Direct
Item Cost*
8.10
124.40
69.17
124.40
93.16
$53.79
$33.75
$99.33
Activity
Deposit-Electronic
Deposit-Nonelectronic
Withdrawal-Electronic
Withdrawal-Non Electronic
Transit Check Deposited
Account Opened
Account Closed
Account Maintenance-Annual
9 Institutions
Activity
Deposit-Electronic
Deposit-Nonelectronic
Withdrawal-Electronic
Net Indirect
Total
Item Cost*
3.59
55.21
30.69
55.21
42.32
$23.87
$14.77
$44.08
Item Cost*
11 .69
179.61
99.86
179.61
135.48
$77.66
$48.53
$143.41
Assets > $200 M
$364
Net
Indirect ExRense
$163
$22,199
$6,418
Direct ExRense
Total ExRense
$527
$28,617
$2,386
$1,044
$3,429
$24,774
$8,597
$33,371
Transit Check Deposited
$40,522
Account Opened
$27,346
$14,507
$9,408
Withdrawal-Non Electronic
Account Closed
Account Maintenance
Activity
Deposit-Electronic
Deposit-Nonelectronic
Withdrawal-Electronic
Withdrawal-Non Electronic
Transit Check Deposited
Account Opened
Account Closed
Account Maintenance-Annual
$12,029
$4,268
$152,318
$51,012
$203,330
Direct
Item Cost*
10.38
154.09
94.72
154.09
112.66
$66.63
$39.98
$123.03
• Item Costs are in cents unless a $ is shown.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$55,028
$36,753
$16,297
161
Net Indirect
Item Cost*
3.99
57.42
35.26
57.42
41 .98
$24.83
$14.90
$45.85
Total
Item Cost*
14.36
211.51
129.97
211.51
154.64
$91.46
$54.87
$168.88
MMDA Size Analysis
7 Institutions
3 Institutions
Assets u~ to i200 M
Assets > i200 M
Accounts
Volume
Accounts
Volume
Under$200
6.00%
0.00%
1.76%
0.00%
$200- $499
0.74%
0.01%
1.05%
0.01%
$500 - $999
1.50%
0.05%
0.88%
0.01%
$1,000 - $4,999
23.91%
2.70%
13.64%
0.71%
$5,000 - $9,999
19.01%
5.21%
7.75%
1.04%
$10,000 - $24,999
25.73%
16.71%
25.42%
8.23%
$25,000 - $99,999
19.66%
38.15%
42.82%
39.22%
$100,000 and Over
3.46%
37.17%
6.69%
50.78%
100.00%
100.00%
100.00%
100.00%
Total
MMDA Size Analysis
Distribution of Accounts
50%
40% u - - - - - - - - - - - - - - - - - - - - - - - - 1
30%__u-------------------------,
20%
10% u - - - - - - - - - - - - - - f
0%4t:l!.E..1-~=--!:::;:=--~;:::LUnder
$500- $1,000- $5,000- $10,000- $25,000- $100,000
$200$499
$4,999 $9,999 $24,999 $99,999 & Over
$200
$999
Im Assets up to $200 M ■ Assets > $200 M I
MMDA Size Analysis
Distribution of Dollar Volume
60%
50%
40%
30%
20%
10%
0%
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Under
$200-
$500-
$1,000- $5,000- $10,000- $25,000- $100,000
$200
$499
$999
$4,999
$9,999
$24,999 $99,999 & Over
I □ Assets up to $200 M ■ Assets > $200 M
162
I
Time Deposit Summary
Dollars
$ VOLUME OF TIME DEPOSITS
Average Number of Accounts
Credit for Funding (CFF)
-Interest Expense
Net Interest Income
14 Institutions
10 Institutions
Assets up to $200 M
Assets > $200 M
$49,722,533
3,137
$287,653,601
19,122
$2,787,628
$2,787,628
$0
$16,224, 177
$16,224, 177
$0
$0
$7,937
$7,937
$7,711
$63,031
$Q
$70,743
$7,937
$70,743
$78,887
$18,219
$97,106
$417,906
$101 ,993
$519,899
+Non-Interest Income
Service Charges
Penalty Fees
Other
Total Non-Interest Income
$Q
Net Income Before Non-Interest Expense
-Non-Interest Expenses
Direct Expenses
Salary
Fringe Benefits
Personnel Expense
Vendor Data Processing
$11 ,252
$71 ,416
Furniture & Equipment
$19,702
$81,622
Printing, Postage, & Freight
$11 ,934
$33,800
$4,298
$24,894
$16,008
$133,010
Telephone & Electronic Access
Occupancy
Professional Fees - Legal & Other
$2,074
$5,875
FDIC Insurance
$9,864
$97,031
All Other Direct Expenses
$27,749
$1 17,788
Total Direct Expenses
$199,986
$1,085,334
Net Indirect Expenses
Total Non-Interest Expense
$75,710
$275,696
$339 ,018
$1,424,352
($267,760)
($1 ,353,609)
($3,055,387)
($17,577,787)
Net Income
Memo: Net Income Before CFF
Composition of Time Deposit Portfolio
Assets > $200 M
Assets up to $200 M
10%
□
19%
■
15%
Retirement
CDs $100,000 &
■
Over
0%
71°
Account Type
Retirement
Other Time
CDs< $100,000
CDs $100,000 and Over
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
□ Other
~20%
Time
58%~
□
D Retirement
CDs < $100,000
7%
Volume
$4,916,411
$0
$35,535,078
$9,467,934
Account Type
Retirement
Other Time
CDs < $100,000
CDs $100,000 and Over
163
CDs S100,000 &
Over
□ Other Time
□
CDs < S100,000
Volume
$44,501 ,725
$21 ,277,874
$174,987,868
$61 ,552,537
Time Deposit Summary
Percent of Time Deposit$ Volume
14 Institutions
10 Institutions
Assets up to $200 M
Assets > $200 M
$49,722,533
$ VOLUME OF TIME DEPOSITS
Credit For Funding (CFF)
-Interest Expense
Net Interest Income
+Non-Interest Income
Service Charges
Penalty Fees
Other
Total Non-Interest Income
Net Income Before Non-Interest Expense
$287,653,601
5.61%
5.61%
0.00%
5.64%
5.64%
0.00%
0.00%
0.02%
0.00%
0.02%
0.00%
0.02%
0.00%
0.02%
0.02%
0.02%
-Non-Interest Expenses
Direct Expenses
Salary
Fringe Benefits
Personnel Expense
Vend9r Data Processing
Furniture & Equipment
Printing, Postage, & Freight
Telephone & Electronic Access
Occupancy
Professional Fees - Legal & Other
FDIC Insurance
All Other Direct Expenses
Total Direct Expense
Net Indirect Expenses
Total Non-Interest Expense
0.16%
0.04%
0.20%
0.15%
0.04%
0.18%
0.02%
0.04%
0.02%
0.01%
0.03%
0.00%
0.02%
0.06%
0.40%
0.02%
0.03%
0.01%
0.01%
0.05%
0.00%
0.03%
0.04%
0.38%
0.15%
0.55%
0.12%
0.50%
(0.54%)
(0.47%)
(6.14%)
(6.11 °10)
3.97%
6.52%
Personnel Expense/Total Direct Expenses
48.56%
47.90%
Net Indirect Expenses/Total Direct Expenses
37.86%
31.24%
Net Income
Memo: Net Income Before CFF
Pre-Tax Ratios
Non-Interest Income/Total Direct Expenses
Time Deposit FTE Personnel
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
3.29
164
18.59
Contribution to Time Deposit
Non-Interest Income and Direct Non-Interest Expenses
Contribution to Time Deposit Non-Interest Income
$50,000
$40,000
$30,000
□
$20,000
Assets up to
$200M
■ Assets>
$10,000
$200M
$0 ~~Retirement
Other Time
CD's<
$100,000
CD's $100,000
& Over
14 Institutions
Assets up to $200 M
Account Type
10 Institutions
Assets > $200 M
$1,016
$0
$7,298
$0
Retirement
Other Time
CDs < $100,000
CDs $100,000 and Over
$17,839
$2,789
$48,530
$7,426
Contribution to Time Deposit Direct Non-Interest Expenses
$600,000
$500,000
$400,000
□
$300,000
$200,000
$100,000
$0 -+'--'----'
Retirement
■ Assets>
$200M
Other Time
CD's<
$100,000
CD's $100,000
& Over
14 Institutions
Assets up to $200 M
Account Type
$42,691
$0
$122,613
$28,097
Retirement
Other Time
CDs< $100,000
CDs $100,000 and Over
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Assets up to
$200M
165
10 Institutions
Assets > $200 M
$337,470
$98,457
$537,706
$119,127
Retirement Accounts
RETIREMENT ACCOUNTS •
This product includes all retirement accounts, such as IRA, Keogh, and other similar tax-deferred plans,
as well as IRA CDs structured similarly to retirement accounts. The expenses graphed below are
shown before transfer pricing. The second graph includes only direct interest and non-interest
expenses.
Retirement Accounts Net Income
(Before Transfer Pricing)
0.00
-1.00
~
-2.00
:::,
0
-c
>
-3.00
0
-4.00
G)
...
-5.00
c..
-6.00
u
G)
-7.00
Assets up to $200M
Assets > $200M
Retirement Accounts - Non-interest Expense/ Total Direct Expense*
(Before Transfer Pricing)
c
u
...
G)
G)
c..
16
14
12
10
8
6
4
2
0
Assets up to $200M
Assets > $200M
"Includes interest expense.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
166
Retirement Account Summary
Dollars
$ VOLUME OF RETIREMENT ACCOUNTS
Average Number of Accounts
Retirement Total Relative Weights
NonElectronic Weightsffotal Transaction Weights
Credit for Funding (CFF)
-Interest Expense
Net Interest Income
+Non-Interest Income
Service Charges
Penalty Fees
Other
Total Non-Interest Income
12 Institutions
8 Institutions
Assets u~ to 1200 M
Assets > 1200 M
$5,427,156
630
23,673
93.63%
$29,596,468
2,332
90,508
95.12%
$301,247
$301,247
$0
$1,669,528
$1,669,528
$0
$0
$1,016
$6,985
$20,338
iQ
iQ
$1,016
$27,323
$1,016
$27,323
$16,410
$4,344
$20,754
$79,495
$20,896
$100,390
Vendor Data Processing
Furniture & Equipment
Printing, Postage, & Freight
Telephone & Electronic Access
Occupancy
Professional Fees - Legal & Other
FDIC Insurance
All Other Direct Expenses
Total Direct Expenses
$3,070
$5,019
$2,626
$702
$3,825
$644
$908
$4,977
$42,525
$13,118
$16,386
$5,671
$2,652
$20,750
$1,379
$8,093
$21,869
$190,306
Net Indirect Expenses
Total Non-Interest Expense
$16,732
$59,257
$64,234
$254,540
($58,241)
($227,218)
($359,489)
($1,896,745)
Net Income Before Non-Interest Expense
-Non-Interest Expenses
Direct Expenses
Salary
Fringe Benefits
Personnel Expense
Net Income
Memo: Net Income Before CFF
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
167
Retirement Accounts
Percent of Retirement Accounts $ Volume
12 Institutions
8 Institutions
Assets up to $200 M
Assets > $200 M
$5,427,156
$ VOLUME OF RETIREMENT ACCOUNTS
$29,596,468
5.55%
5.55%
Credit for Funding (CFF)
-Interest Expense
Net Interest Income
+Non-Interest Income
Service Charges
Penalty Fees
Other
Total Non-Interest Income
Net Income Before Non-Interest Expense
0.00%
5.64%
5.64%
0.00%
0.00%
0.02%
0.00%
0.02%
0.02%
0.07%
0.00%
0.09%
0.02%
0.09%
0.30%
0.08%
0.38%
0.27%
0.07%
0.34 %
0.06%
0.09%
0.05%
0.01%
0.07%
0.01%
0.02%
0.09%
0.78%
0.04%
0.06%
0.02%
0.01%
0.07%
0.00%
0.03%
0.07%
0.64%
0.31%
1.09%
0.22%
0.86%
(1.07%)
(0.77%)
(6.62%)
(6.41%)
2.39%
48.80%
39.35%
14.36%
52.75%
33.75%
-Non-Interest Expenses
Direct Expenses
Salary
Fringe Benefits
Personnel Expense
Vendor Data Processing
Furniture & Equipment
Printing, Postage, & Freight
Telep~one & Electronic Access
Occupancy
Professional Fees-Legal & Other
FDIC Insurance
All Other Direct Expenses
Total Direct Expenses
Net Indirect Expenses
Total Non-Interest Expense
Net Income
Memo: Net Income Before CFF
Pre-Tax Ratios
Non-Interest Income/Total Direct Expenses
Personnel Expense/Total Direct Expenses
Net Indirect Expense/Total Direct Expenses
Retirement Accounts FTE Personnel
Number of Offices
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
168
0.68
3.44
4
13
Average Retirement Account Profitability
Analysis of Average Retirement Account
12 Institutions
8 Institutions
Assets up to $200 M
Assets > $200 M
Earnings Per Account Per Year
$478.23
$478.23
$0.00
$715.96
$715.96
$0.00
+Non-Interest Income
Service Charges
Penalty Fees
Other
Total Non-Interest Income
$0.00
$1.61
$0.00
$1.61
$3.00
$8.72
$0.00
$11.72
Net Income Before Non-Interest Expense
$1.61
Credit for Funding (CFF)
-Interest Expense
Net Interest Income
- Direct Activity Expenses
Deposits - Electronic
Deposits - NonElectronic
Withdrawals - Electronic
Withdrawals - NonElectronic
Accounts Opened
Accounts Closed
Account Maintenance
Total Direct Activity Expense
-Net Indirect Expenses
Net Income
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$0.37
$12.47
$0.62
$5.16
$6.48
$4.65
$34.97
$64.72
$0.38
$17.54
$1.14
$8.96
$6.12
$4.39
$39.12
$77.66
$26.56
($89.67)
$27.55
($93.49)
($567.90)
Memo: Net Income Before CFF
169
$11.72
($809.45)
Retirement Account Information
12 Institutions
8 Institutions
Assets up to $200 M
Assets > $200 M
$5,427,156
630
$8,616
$ VOLUME OF RETIREMENT ACCOUNTS
Average Number of Accounts
Average Account $ Volume
$29,596,468
2,332
$12,692
# Deposits
Electronic
Non Electronic
# Withdrawals
Electronic
Non Electronic
499.34
1,316.95
53.32
184.37
263.90
1,523.58
99
97
0.68
# Accounts Opened
# Accounts Closed
FTE Personnel
Productivity Measures
Deposits per Account per Year
0.75
Withdrawals per Account per Year
Average Number· Accounts/FTE Personnel
Accounts Opened/FTE Personnel
Non-Interest lncome/FTE Personnel
Personnel Expense/FTE Personnel
$ Volume/FTE Personnel
Item Costs*
Deposits-Electronic
Deposits-Non Electronic
Withdrawals-Electronic
Withdrawals-Non Electronic
Account Opened
Account Closed
Account Maintenance-Annual
* Item Costs include direct and net indirect expenses.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
100.60
403.35
170
310
336
3.44
0.75
0.35
0.74
929
677
146
90
$1,497
$5,669
$30,595
$29,162
$8,000,722
$8,597,376
$3.43
$3.01
$53.33
$51.61
$10.06
$10.23
$24.86
$24.06
$59.64
$39.76
$57.73
$38.49
$51 .58
$49.92
Retirement Account - Item Costs
12 Institutions
Assets up to $200 M
Net
Indirect Expense
$126
Direct Expense
Activity .
$232
Deposit-Electronic
$3,616
Total Expense
$357
$11,470
Deposit-Nonelectronic
$7,854
Withdrawal-Electronic
$392
$187
$579
Withdrawal-Non Electronic
$3,253
$1,180
$4,433
Account Opened
$4,079
$1,711
$5,791
$4,153
$30,821
$2,928
$1,224
Account Maintenance
$22,030
$8,791
Direct
Net Indirect
Activity
Item Cost
Account Closed
Deposit-Electronic
Deposit-Nonelectronic
Item Cost
Total
Item Cost
$2.41
$1.02
$3.43
$37.86
$15.47
$53.33
$10.06
$7.17
$2.89
Withdrawal-Non Electronic
$17.65
$7.21
$24.86
Account Opened
$42.35
$17.30
$59.64
Account Closed
$28.23
$11.53
$39.76
Account Maintenance-Annual
$36.62
$14.96
$51.58
Net
Indirect Expense
Total Expense
Withdrawal-Electronic
8 Institutions
Activity
Deposit-Electronic
Deposit-Nonelectronic
Assets > $200 M
Direct Expense
$895
$428
$1,323
$40,910
$15,144
$56,054
$2,662
$835
$3,497
Withdrawal-NonElectronic
$20,899
$6,971
$27,871
Account Opened
$14,277
$4,835
$19,112
Account Closed
$10,239
$3,852
$14,090
Account Maintenance
$91,220
$32,431
$123,651
Activity
Deposit-Electronic
Deposit-Nonelectronic
Direct
Item Cost
$2.20
$37.27
Withdrawal-Electronic
Net Indirect
Item Cost
$0.81
$14.34
Total
Item Cost
$3.01
$51.62
$10.23
$7.56
$2.67
Withdrawal-Non Electronic
$17.38
$6.69
$24.06
Account Opened
$41.69
$16.04
$57.73
Account Closed
$27.79
$10.69
$38.49
Account Maintenance-Annual
$36.05
$13.87
$49.93
Withdrawal-Electronic
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
171
Other Time Deposit Accounts
OTHER TIME DEPOSIT ACCOUNTS
This product includes special-notice time accounts, time open accounts, non U.S. savings bonds,
interest bearing escrow accounts, time deposits of commercial, government or municipal entities, and
any other time deposit product that is neither a CD nor a retirement account . The expenses graphed
below are shown before transfer pricing. The second graph includes only direct interest and noninterest expenses.
Other Time Deposit Accounts Net Income
(Before Transfer Pricing)
0.00
~
-1.00
0
-2.00
:l
>
0
c
Q)
...u
Cl)
c..
-3.00
-4.00
-5.00
-6.00
Assets up to $200M
Assets > $200M
Other Time Deposit Accounts - Non-interest Expense/ Total Direct Expense*
(Before Transfer Pricing)
10
8
c
Q)
u
i
6
4
2
0
.l-::::::=:==~---~========~~t:E:::...:J
Assets up to $200M
Assets > $200M
*Total direct expense Includes interest expense.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
172
Other Time Deposit Accounts Summary
Dollars
2 Institutions*
Assets u~ to i200 M
$ VOLUME OF OTHER TIME DEPOSIT ACCOUNTS
Average Number of Accounts
Other Time Total Relative Weights
NonElectronic Weights/Total Transaction Weights
Credit for Funding (CFF)
-Interest Expense
Net Interest Income
+Non-Interest Income
Service Charges
Penalty Fees
Other
Total Non-Interest Income
Net Income Before Non-Interest Expense
5 Institutions
Assets > i200 M
$0
0
0
0.00%
$25,493,449
3,930
743,887
98.88%
$0
~
$0
$1,143,935
$1,143,935
$0
$0
$0
$0
$1,881
~
$0
$1,881
$0
$1,881
$0
$49,554
$11,753
$61,307
~
-Non-Interest Expenses
Direct Expenses
Salary
Fringe Benefits
Personnel Expense
~
$0
Vendor Data Processing
Furniture & Equipment
Printing, Postage, & Freight
Telephone & Electronic Access
Occupancy
Professional Fees - Legal & Other
FDIC Insurance
All Other Direct Expenses
Total Direct Expenses
$0
$0
$0
$0
$0
$0
$0
~
$0
$6,125
$7,061
$4,482
$3,085
$8,835
$0
$5,906
$12,895
$109,697
Net Indirect Expenses
Total Non-Interest Expense
~
$0
$34,017
$143,714
$0
($141,834)
$0
($1,285,769)
Net Income
Memo: Net Income Before CFF
* Averages not calculated due to insufficient data.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
173
Other Time Deposit Accounts
Percent of Other Time Deposit Accounts $ Volume
2 Institutions•
Assets u~ to ~200 M
$ VOLUME OF OTHER TIME DEPOSIT ACCOUNTS
$0
+Non-Interest Income
Service Charges
Penalty Fees
Other
Total Non-Interest Income
$25,493,449
0.00%
0.00%
Credit for Funding (CFF)
-Interest Expense
Net Interest Income
/
Net Income Before Non-Interest Expense
5 Institutions
Assets > ~200 M
0.00%
4.49%
4.49%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.01%
0.00%
0.01%
0.00%
0.01%
0.00%
0.00%
0.00%
0.19%
0.05%
0.24%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.02%
0.03%
0.02%
0.01%
0.03%
0.00%
0.02%
0.05%
0.43%
0.00%
0.00%
0.13%
0.56%
0.00%
(0.56%)
0 .00%
(5.04%)
0.00%
0.00%
0.00%
1.71%
55.89%
31.01%
-Non-Interest Expenses
Direct Expenses
Salary
Fringe Benefits
Personnel Expense
Vendor Data Processing
Furniture & Equipment
Printing, Postage, & Freight
Telep~one & Electronic Access
Occupancy
Professional Fees-Legal & Other
FDIC Insurance
All Other Direct Expenses
Total Direct Expenses
Net Indirect Expenses
Total Non-Interest Expense
Net Income
Memo: Net Income Before CFF
Pre-Tax Ratios
Non-Interest Income/Total Direct Expenses
Personnel Expense/Total Direct Expenses
Net Indirect Expense/Total Direct Expenses
Other Time Deposit Accounts FTE Personnel
Number of Offices
• Averages not calculated due to insufficient data.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
174
0.00
2.70
0
25
Other Time Deposit Accounts Information
2 Institutions*
Assets up to $200 M
$0
0
$0
$ VOLUME OF OTHER TIME DEPOSIT ACCOUNTS
Average Number of Accounts
Average Account$ Volume
5 Institutions
Assets > $200 M
$25,493,449
3,930
$6,487
# Deposits
Electronic
Non Electronic
# Withdrawals
Electronic
Non Electronic
# Accounts Opened
# Accounts Closed
0.00
0.00
6,506.27
32,548.53
0.00
0.00
0
0
289.09
5,587.53
707
621
FTE Personnel
0.00
2.70
Productivity Measures
Deposits per Account per Year
0
Withdrawals per Account per Year
0
Average Number Accounts/FTE Personnel
0
Accounts Opened/FTE Personnel
0
262
$0
$1,033
Non-Interest lncome/FTE Personnel
10
1,455
Personnel Expense/FTE Personnel
$0
$22,706
$ Volume/FTE Personnel
$0
$9,442,018
Item Costs*
Deposits-Electronic
$0.00
$3.51
Deposits-Non Electronic
$0.00
$64.38
Withdrawals-Electronic
$0.00
$14.70
Withdrawals-Non Electronic
$0.00
$30.01
Account Opened
$0.00
$72.01
Account Closed
$0.00
$48.00
Account Maintenance-Annual
$0.00
$62.27
* Item Costs include direct and net indirect expenses.
* Averages not calculated due to insufficient data.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
175
Other Time Deposit Accounts - Item Costs
2 Institutions
* Assets up to $200 M
Net
Indirect ExRense
Deposit-Electronic
$0
$0
Total ExRense
$0
$0
Direct ExRense
Activity
Deposit-Nonelectronic
$0
$0
Withdrawal-Electronic
$0
$0
$0
Withdrawal-Non Electronic
$0
$0
$0
$0
Account Opened
$0
$0
Account Closed
$0
$0
$0
Account Maintenance
$0
$0
$0
Direct
Net Indirect
Item Cost
Activity
Item Cost
Total
Item Cost
Deposit-Electronic
$0.00
$0.00
$0.00
Deposit-Nonelectronic
$0.00
$0.00
$0.00
Withdrawal-Electronic
$0.00
$0.00
$0.00
Withdrawal-Non Electronic
$0.00
$0.00
$0.00
$0.00
Account Opened
$0.00
$0.00
Account Closed
$0.00
$0.00
$0.00
Account Maintenance-Annual
$0.00
$0.00
$0.00
5 Institutions
Activity
Deposit-Electronic
Assets > $200 M
Direct ExRense
$991
Net
Indirect ExRense
Total ExRense
$488
$1,479
$20,575
$86,143
Deposit-Nonelectronic
$65,568
Withdrawal-Electronic
$1,269
$644
$1,913
Withdrawal-Non Electronic
$9,783
$2,493
$12,276
$7,861
$2,668
$20,093
$2,276
$961
$6,709
$10,137
Account Opened
Account Closed
Account Maintenance
Direct
Activity
Deposit-Electronic
Item Cost
$2.18
Net Indirect
Item Cost
$1.33
$3,629
$26,802
Total
Item Cost
$3.52
Deposit-Nonelectronic
$39.96
$24.42
$64.38
Withdrawal-Electronic
$9.11
$5.58
$14.69
Withdrawal-Non Electronic
$18.63
$11 .38
$30.01
Account Opened
$44.69
$27.31
$72.01
Account Closed
$29.79
$18.21
$48.00
Account Maintenance-Annual
$38.65
$23.62
$62.28
* Averages not calculated due to insufficient data.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
176
Certificates of Deposit Under $100,000
CERTIFICATES OF DEPOSIT {CDs) UNDER $100,000
This product includes all deposits with formal receipts issued for money deposited less than $100,000,
payable-at a fixed time at a specific rate of interest (excluding IRA CDs, which are included with
retirement accounts). The expenses graphed below are shown before transfer pricing. The second
graph includes only direct interest and non-interest expenses.
CDs Under $100,000 Net Income
(Before Transfer Pricing)
0.00
-1.00
-2.00
-3.00
-4.00
-5.00
-6.00
-7.00
~
::,
0
>
0
c
Cl)
...
0
Cl)
0.
Assets up to $200M
Assets > $200M
CDs Under $100,000 - Non-interest Expense/ Total Direct Expense*
(Before Transfer Pricing)
10
8
E
Cl)
...
l
6
0
4
2
Assets up to $200M
Assets > $200M
*Total direct expense includes interest expense.
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Federal Reserve Bank of St. Louis
177
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
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178
Certificates of Deposit Under $100,000 Summary
Dollars
14 Institutions
10 Institutions
Assets up to $200 M
Assets > S200 M
$35,535,078
2,515
8,364
$174,987,868
12,907
36,011
$1,978,020
$1,978,020
$0
$10,008,494
$10,008,494
$0
$7,298
$48,530
~
$7,298
~
$48,530
$7,298
$48,530
$50,107
$11,067
$61,174
$202,007
$49,108
$251,115
Vendor Data Processing
Furniture & Equipment
Printing, Postage, & Freight
Telephone & Electronic Access
Occupancy
Professional Fees - Legal & Other
FDIC Insurance
All Other Direct Expenses
Total Direct Expenses
$7,423
$12,147
$7,210
$2,880
$9,674
$1,214
$7,107
$17,659
$126,488
$46,525
$40,909
$16,571
$12,257
$64,798
$2,821
$64,653
$64,845
$564,493
Net Indirect Expenses
Total Non-Interest Expense
$48,470
$174,957
$180,558
$745,051
($167,659)
($696,521)
($2,145,679)
($10,705,015)
$ VOLUME OF CDS UNDER $100,000
Average Number of Certificates
CDs Under $100,000 Total Relative Weights
Credit for Funding (CFF)
-Interest Expense
Net Interest Income
+Non-Interest Income
Penalty Fees
Other
Total Non-Interest Income
Net Income Before Non-Interest Expense
-Non-Interest Expenses
Direct Expenses
Salary
Fringe Benefits
Personnel Expense
Net Income
Memo: Net Income Before CFF
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Federal Reserve Bank of St. Louis
179
Certificates of Deposit Under $100,000 Summary
Percent of Certificates of Deposit Under $100,000$ Volume
$ VOLUME OF CDS UNDER $100,000
14 Institutions
10 Institutions
Assets up to $200 M
Assets > $200 M
$174,987,868
$35,535,078
0.00%
5.72%
5.72%
0.00%
0.02%
0.00%
0.02%
0.03%
0.00%
0.03%
0.02%
0.03%
0.14%
0.03%
0. 17%
0.12%
0.03%
0.14%
0.02%
0.03%
0.02%
0.01%
0.03%
0.00%
0.02%
0.05%
0.35%
0.03%
0.02%
0.01%
0.01%
0.04%
0.00%
0.04%
0.04%
0.31%
0.14%
0.48%
0.10%
0.41%
Net Income
(0.46%)
(0.38%)
Memo: Net Income Before CFF
(6.03%)
(6.10%)
5.77%
48.36%
38.32%
8.60%
44.49%
31.99%
5.57%
5.57%
Credit for Funding (CFF)
-Interest Expense
Net Interest Income
+Non-Interest Income
Penalty Fees
Other
Total Non-Interest Income
Net Income Before Non-Interest Expense
-Non-Interest Expenses
Direct Expenses
Salary
Fringe Benefits
Personnel Expense
Vendor Data Processing
Furniture & Equipment
Printing, Postage, & Freight
Telephone & Electronic Access
Occupancy
Professional Fees-Legal & Other
FDIC Insurance
All Other Direct Expenses
Total Direct Expenses
Net Indirect Expenses
Total Non-Interest Expense
Pre-Tax Ratios
Non-Interest Income/Total Direct Expenses
Personnel Expense/Total Direct Expenses
Net Indirect Expense/Total Direct Expenses
Certificates of Deposit Under $100,000 FTE Personnel
Number of Offices
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Federal Reserve Bank of St. Louis
180
2.12
8.85
4
17
Certificates of Deposit Under $100,000 Information
$ VOLUME OF CDS UNDER $100,000
14 Institutions
10 Institutions
Assets up to $200 M
Assets > $200 M
$35,535,078
Average Number of Certificates
Average CD $ Volume
12,907
$14,132
$13,557
1,060
932
2.12
# CDs Issued
# CDs Matured
FTE Personnel
$174,987,868
2,515
3,885
4,184
8.85
Productivity Measures
1,186
1,458
CDs lssued/FTE Personnel
500
CDs Matured/FTE Personnel
440
439
473
Average Number CDs/FTE Personnel
Non-Interest lncome/FTE Personnel
$3,443
$5,483
Personnel Expense/FTE Personnel
$28,856
$28,371
$16,761 ,829
$19,770,406
$ Volume/FTE Personnel
Item Costs*
CD Issued
$81 .74
$93.11
CD Matured
$49.13
$55.97
Account Maintenance-Annual
$22.64
$25.79
* Item Costs include direct and net indirect expenses.
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Federal Reserve Bank of St. Louis
181
Certificates of Deposit Under $100,000 - Item Costs
14 Institutions
Assets up to $200 M
Net
Activity
Direct Expense
Indirect Expense
Total Expense
CD Issued
$57,431
$22,524
CD Matured
$27,536
$10,964
$38,500
Account Maintenance
$37,646
$14,981
$52,627
Direct
Activity
Net Indirect
Item Cost
Item Cost
$79,955
Total
Item Cost
CD Issued
$59.32
$22.42
$81 .74
CD Matured
$35.66
$13.48
$49.13
Account Maintenance-Annual
$16.43
$6.21
$22.64
10 Institutions
Activity
CD Issued
Assets > $200 M
Direct Expense
Net
Indirect Expense
Total Expense
$207,417
$66,471
CD Matured
$125,509
$42,498
$168,006
Account Maintenance
$204,780
$71,590
$276,370
Direct
Item Cost
$64.40
Net Indirect
CD Matured
$38.72
$17.26
$55.97
Account Maintenance-Annual
$17.84
$7.95
$25.79
Activity
CD Issued
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Federal Reserve Bank of St. Louis
182
Item Cost
$28.71
$273,888
Total
Item Cost
$93.1 1
Certificates of Deposit $100,000 and Over
CERTIFICATES OF DEPOSIT (CDs) $100,000 and OVER
This product includes all deposits with formal receipts issued for money deposited greater than
$100,000, payable at a fixed time at a specific rate of interest (excluding IRA CDs, which are included
with retirement accounts). The expenses graphed below are shown before transfer pricing. The
second graph includes only direct interest and non-interest expenses.
CDs $100,000 & Over Net Income
(Before Transfer Pricing)
0.00
-1.00
~:::,
-2.00
0
-c
>
-3.00
0
-4.00
Cl)
(.)
-5.00
a..
-6.00
Cl)
c..
-7.00
Assets up to $200M
Assets > $200M
CDs $100,000 & Over - Non-interest Expense/ Total Direct Expense*
(Before Transfer Pricing)
6.00
5.00
'ECl)
(.)
a..
Cl)
c..
4.00
3.00
2.00
1.00
0.00
*
~=:::::;:::=:=::::::t!.:L....!::..:...:._.~=:::;::':::::-'
Assets up to $200M
Assets > $200M
+-==:....__.1......_.:.:;...,_;_;...;.....
Total direct expense includes interest expense.
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Federal Reserve Bank of St. Louis
183
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
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184
Certificates of Deposit $100,000 and Over Summary
Dollars
12 Institutions
8 Institutions
Assets up to $200 M
Assets > $200 M
$9,336,767
63
424
$ VOLUME OF CDS $100,000 AND OVER
Average Number of Certificates
CDs $100,000 and Over Total Relative Weights
$51,408,419
254
1,072
$542,168
$542,168
$0
$2,865,308
$2,865.308
$0
$0
$_Q
$0
$9,024
$_Q
$9,024
$0
$9,024
$11,918
$3,444
$15,361
$57,343
$14,557
$71,900
Vendor Data Processing
Furniture & Equipment
Printing, Postage, & Freight
Telephone & Electronic Access
Occupancy
Professional Fees - Legal & Other
FDIC Insurance
All Other Direct Expenses
Total Direct Expenses
$1,215
$3,021
$1,940
$556
$2,506
$206
$1,598
$4,011
$30,415
$1,100
$9,768
$4,104
$1,669
$15,106
$1,015
$10,691
$14,554
$129,906
Net Indirect Expenses
Total Non-Interest Expense
$10,914
$41,329
$49,095
$179,001
($41,329)
($169,977)
($583,496)
($3,035,285)
Credit for Funding (CFF)
-Interest Expense
Net Interest Income
+Non-Interest Income
Penalty Fees
Other
Total Non-Interest Income
Net Income Before Non-Interest Expense
-Non-Interest Expenses
Direct Expenses
Salary
Fringe Benefits
Personnel Expense
Net Income
Memo: Net Income Before CFF
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Federal Reserve Bank of St. Louis
185
Certificates of Deposit $100,000 and Over Summary
Percent of Certificates of Deposit $100,000 and Over$ Volume
12 Institutions
8 Institutions
Assets up to $200 M
Assets > $200 M
$9,336,767
$ VOLUME OF CDS $100,000 AND OVER
5.81%
5.81%
$51,408,419
0.00%
5.57%
5.57%
0.00%
0.00%
0.00%
0.00%
0.02%
0.00%
0.02%
0.00%
0.02%
0.13%
0.04%
0.16%
0.11%
0.03%
0.14%
0.01%
0.03%
0.02%
0.01%
0.03%
0.00%
0.02%
0.04%
0.32%
0.00%
0.02%
0.01%
0.00%
0.03%
0.00%
0.02%
0.03%
0.25%
0.12%
0.43%
0.10%
0.34%
Net Income
(0.43%)
(0.32%)
Memo: Net Income Before CFF
(6.24%)
(5.90%)
0.00%
50.51%
35.88%
6.95%
55.35%
37.79%
Credit for Funding (CFF)
-Interest Expense
Net Interest Income
+Non-Interest Income
Penalty Fees
Other
Total Non-Interest Income
Net Income Before Non-Interest Expense
-Non-Interest Expenses
Direct Expenses
Salary
Fringe Benefits
Personnel Expense
Vendor Data Processing
Furniture & Equipment
Printing, Postage, & Freight
Telephone & Electronic Access
Occupancy
Professional Fees-Legal & Other
FDIC Insurance
All Other Direct Expenses
Total Direct Expenses
Net Indirect Expenses
Total Non-Interest Expense
Pre-Tax Ratios
Non-Interest Income/Total Direct Expenses
Personnel Expense/Total Direct Expenses
Net Indirect Expense/Total Direct Expenses
Certificates of Deposit $100,000 and Over FTE Personnel
0.45
Number of Offices
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
4
186
2.30
10
Certificates of Deposit $100,000 and Over Information
12 Institutions
Assets up to $200 M
$ VOLUME OF CDS $100,000 AND OVER
$9,336,767
Average Number of Certificates
Average CD $ Volume
8 Institutions
Assets > $200 M
$51,408,419
63
254
$148,007
$202,595
71
48
0.45
147
133
2.30
Average Number CDs/FTE Personnel
142
110
CDs lssued/FTE Personnel
160
64
CDs Matured/FTE Personnel
107
58
$3,923
# CDs Issued
# CDs Matured
FTE Personnel
Productivity Measures
$0
Non-Interest lncome/FTE Personnel
Personnel Expense/FTE Personnel
$ Volume/FTE Personnel
$34,455
$31 ,261
$20,942,282
$22,351,486
$335.68
$201.78
$92.99
$590.67
$355.06
$163.62
Item Costs•
CD Issued
CD Matured
Account Maintenance-Annual
"Item Costs include direct and net indirect expenses.
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Federal Reserve Bank of St. Louis
187
Certificates of Deposit $100,000 and Over - Item Costs
12 Institutions
Assets up to $200 M
Direct Expense
Activity
Net
Indirect Expense
Total Expense
$18,121
$6,561
$24,682
CDs Matured
$7,452
$2,681
$10,133
Account Maintenance
$4,114
$1,672
$5,786
CDs Issued
Direct
Activity
Net Indirect
Item Cost
Item Cost
Total
Item Cost
CDs Issued
$242.75
$92.93
$335.68
CDs Matured
$145.92
$55.86
$201.78
$67.24
$25.74
$92.99
Account Maintenance-Annual
8 Institutions
Assets > $200 M
Net
Activity
CDs Issued
Direct Expense
Indirect Expense
Total Expense
$62,701
$23,140
$85,841
CDs Matured
$30,591
$12,361
$42,952
Account Maintenance
$33,610
$13,594
$47,204
Direct
Activity
Item Cost
Net Indirect
Total
Item Cost
Item Cost
$590.67
CDs Issued
$423.75
$166.92
CDs Matured
$254.72
$100.34
$355.06
Account Maintenance-Annual
$117.38
$46.24
$163.62
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Federal Reserve Bank of St. Louis
188
Borrowings & Other Liabilities
BORROWINGS & OTHER LIABILITIES
Borrowings and other liabilities includes accounts payable, capital notes and debentures outstanding,
promissory notes, bankers' acceptances, due bills, Fed Funds purchased, TT&L open note option
account, loans and securities sold under repurchase agreement, due bills or similar obligations, and
overdrafts in accounts at other institutions. The figures graphed below are shown before transfer
pricing. The second graph includes only direct interest and non-interest expenses.
Borrowings & Other Liabilities - Non-interest Expense/ Total Direct Expense*
6.00
5.00
c
4.00
G)
...0
3.00
G)
Q.
2.00
1.00
0.O0+=
- _ _.....__ _ __
Assets up to $200M
Assets > $200M
"Total direct expense includes interest expense.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
189
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
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190
Borrowings & Other Liabilities Summary
Dollars
$ VOLUME OF OUTSTANDINGS
14 Institutions
1O Institutions
Assets up to $200 M
Assets > $200 M
$5,621,392
Credit for Funding (CFF)
-Interest Expense
$93,159,842
$263,856
$4,575,080
$263,856
$4,575,080
$0
$0
$6,994
$2,423
$9,417
$13,650
$3,255
$16,906
Net Interest Income
-Non-Interest Expenses
Direct Expenses
Salary
Fringe Benefits
Personnel Expense
Vendor Data Processing
Furniture & Equipment
Printing, Postage, & Freight
Telephone & Electronic Access
Occupancy
Professional Fees-Legal & Other
All Other Direct Expenses
$822
Total Direct Expense
Net Indirect Expenses
Total Non-Interest Expense
Net Income
Memo: Net Income Before CFF
$4,821
$1,295
$834
$614
$7,116
$159
$167
$720
$1,360
$0
$610
$3,502
$6,393
$16,529
$38,207
$5,947
$11 007
$22,476
$49,214
($22,476)
($49,214)
($286,331)
($4,624.294)
Composition of Borrowings & Other Liabilities
Assets > $200 M
Assets up to $200 M
16%
0%
□
□
0th Mkt Inst.
0th Mkt Inst.
■ FFPurch.
■ FF
□ 0th
□
0th Liab.
□
Cap Notes/Deb .
□
Liab.
Cap Notes/Deb.
Purch.
88%
Volume
Fed Funds Purchased
0th Market Inst. & Borrowings
Other Liabilities
Capital Notes & Debentures
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Volume
Fed Funds Purchased
0th Market Inst. & Borrowings
Other Liabilities
Capital Notes & Debentures
$830,669
$4,466,643
$999,127
$0
191
$3,050,560
$82,323,722
$8,061,947
$0
Borrowings & Other Liabilities Summary
Percent of Borrowings & Other Liabilities $ Volume
14 Institutions
Assets up to $200 M
$ VOLUME OF OUTSTANDINGS
$5,621,392
Credit for Funding (CFF)
-Interest Expense
Net Interest Income
10 Institutions
Assets > $200 M
$93,159,842
4.69%
4.91%
4.69%
4.91%
0.00%
0.00%
0.12%
0.04%
0. 17%
0.01%
0.00%
0.02%
-Non-Interest Expenses
Direct Expenses
Salary
Fringe Benefits
Personnel Expense
Vendor Data Processing
Furniture & Equipment
0.01%
0.01%
0.02%
0.00%
Printing, Postage, & Freight
Telephone & Electronic Access
Occupancy
0.01%
0.01%
0.00%
0.00%
0.01%
0.00%
Profes~ional Fees-Legal & Other
All Other Direct Expenses
0.00%
0.00%
0.06%
0.01%
Total Direct Expense
0.29%
0.04%
Net Indirect Expenses
0.11%
0.01%
Total Non-Interest Expense
0.40%
0.05%
Net Income
{0.40%)
(0.05%)
Memo: Net Income Before CFF
(5 .09%)
(4.96%)
Personnel Expense/Total Direct Expenses
56.97%
44.25%
Net Indirect Expenses/Total Direct Expenses
35.98%
28.81%
0.12
0.26
Pre-Tax Ratios
Borrowings & Other Liabilities FTE Personnel
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Federal Reserve Bank of St. Louis
192
Trust Summary
TRUST SERVICES
Trust services encompass all activities performed for customers involving investments, portfolio
analysis, tax work, and other trust related services, and includes employee benefit trusts, employee
benefit agencies, personal trusts, estates, and all other agencies.
Trust Services - Commission & Fee Income/ Account
$6,000
$5,000
$4,000
$3,000
$2,000
$1,000
$0
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Emp Ben
Trust
Emp Ben
Agney
□ Assets
Personal
Trust
Estates
■
up to $200 M
193
All Other
Assets > $200 M
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
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194
Trust Summary
Dollars
2 Institutions"
Assets up to $200 M
$ Market Value of Trust Assets
Average Number of Accounts
6 Institutions
Assets > $200 M
$0
0
$241,065,792
450
Commission & Fee Income
$0
$580,935
Corporate Trust Income
$0
$0
Other Fiduciary Income (Net of Losses)
~
$0
$207,239
Non-Interest Income
Total Income
$788,174
-Non-Interest Expenses
Direct Expenses
Salary
Fringe Benefits
Personnel Expense
$0
$372,640
$78,754
$451,395
~
$0
Vendor Data Processing
$0
$69,103
Furniture & Equipment
$0
$43,561
Printing, Postage, & Freight
$0
$16,462
Telephone & Electronic Access
$0
$12,215
Occupancy
$0
$41,913
Professional Fees-Legal & Other
$0
$22,203
All Other Direct Expenses
~
$74,413
Total Direct Expense
$0
$731,265
Net Indirect Expenses
~
$260,776
Total Non-Interest Expense
$0
$992,041
~
~
Trust Losses
Net Income
$0
Memo: Gross Trust lncome-5 Year Average
$0
($203,867)
$0
Composition of Non-Interest Expenses
Assets up to $200 M
Assets > $200 M
1%
□
Personnel
■
Other Direct
46%
D Net Indirect
□
Personnel
■
Other Direct
□
Net Indirect
Volume
Volume
Personnel Expense
$0
Personnel Expense
$451,395
Other Direct Expenses
$0
Net Indirect Expenses
$0
Other Direct Expenses
Net Indirect Expenses
$279,870
$260,776
" Averages not calculated due to insufficient data.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
195
Trust Information
2 Institutions**
Assets UQ to 1200 M
Number of Accounts
Employee Benefit Trust
Employee Benefit Agencies
Personal Trusts
Estates
All Other Agencies
Total
6 Institutions
Assets > 1200 M
0
0
0
0
Q
0
69
105
137
10
130
451
$23,189,716
Discretionary Trust Assets (MV)*
Employee Benefit Trust
$0
Employee Benefit Agencies
$0
$12,451,368
Personal Trusts
$0
$88,991,443
Estates
$0
$1,065,000
All Other Agencies
$Q
$27,900,407
Total Discretionary Trust Assets
$0
$153,597,934
$0
$21,886,149
Non-Discretionary Trust Assets (MV)*
Employee Benefit Trust
Employee Benefit Agencies
$0
$7,947,032
Personal Trusts
$0
$19,480,289
Estates
$0
$0
All Other Agencies
$Q
$49,571,924
$0
$98,885,394
Total Non-Discretionary Trust Assets
Commission & Fee Income
Employee Benefit Trust
$0
$65,814
Employee Benefit Agencies
$0
$128,037
Personal Trusts
$0
$0
$265,556
Estates
All Other Agencies
$Q
$168,585
Total Commission & Fee Income
$0
$680,024
Mutual Fund Assets (MV)*
Proprietary Mutual Funds
$52,032
$0
$0
Third Party Money Market Mutual Funds
$0
$0
Third Party Mutual Funds
$Q
$Q
Total Mutual Fund Assets
$0
$0
$0
$0
$0
Mutual Fund Income
Proprietary Mutual Funds
Third Party Money Market Mutual Funds
Third Party Mutual Funds
$0
$Q
$Q
Total Mutual Fund Income
$0
$0
Productivity Measures
Average Number Accounts/FTE Personnel
0.00
47.20
Non-Interest lncome/FTE Personnel
$0
$79,577
Personnel Expense/FTE Personnel
$0
$47,217
Trust FTE Personnel
0.00
* MV=Market Value
** Averages not calculated due to insufficient data.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
196
9.56
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 rented safe deposit boxes.
Other Services - Net Direct Expense / Customer
Assets up to $200M
Assets > $200M
Other Services - Percent of Safe Deposit Boxes Rented
70
60
E
C1)
...
(.)
Cl)
c..
50
40
30
20
10
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
0 ~;;....._____,1.....__......____.
Assets up to $200M
Assets> $200M
197
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
This page left intentionally blank.
198
Other Services Summary
Dollars
13 Institutions
Assets up to $200 M
Non-Interest Income
Data Services for Customers
Travel Agency
Insurance
Farm Management
Safe Deposit Box Rental
Merchant Discount
Other Services
10 Institutions
Assets > $200 M
$0
$0
$0
$0
$0
$0
$40,036
$0
$21,616
$61,061
$121,056
$243,769
$188,456
$549,454
Salary
$64,124
$151,620
Fringe Benefits
$13,668
$36,213
Personnel Expense
$77,792
$187,832
Total Non-Interest Income
$77,681
$283,317
-Non-Interest Expenses
Vendor Data Processing
$6,251
$30,093
$13,162
$21,041
Printing, Postage, & Freight
$6,460
$15,153
Telephone & Electronic Access
$2,842
$4,807
$13,361
$16,500
Furniture & Equipment
Occupancy
Professional Fees-Legal & Other
Outgoing Interchange
All Other Direct Expenses
Total _Direct Expenses
Net Indirect Expenses
Total Non-Interest Expense
Net Income
$774
$0
$41 ,553
$392,192
$18,465
$44,870
$180,659
$712,489
$58,460
$152,025
$239,119
$864,514
$4,649
($315,060)
Composition of Non-Interest Expenses
Assets up to $200 M
Assets > $200 M
□
Personnel
□ Personnel
■
Other Direct
■
Other Direct
□
Net Indirect
□
Net Indirect
60%
43%
Personnel Expense
Other Direct Expenses
Net Indirect Expenses
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Personnel Expense
Other Direct Expenses
Net Indirect Expenses
$77,792
$102,867
$58,460
199
$187,832
$524,656
$152,025
Other Services Information
13 Institutions
Assets up to $200 M
Number of Customers
Data Services for Customers
0
0
163
0
527
Travel Agency
Insurance
Farm Management
Other Miscellaneous Services
Merchant Information
Number of Merchant Applications Received
Average Number of Merchants Serviced
Number of Credit Card Sales Drafts Deposited
Annual Credit Card Sales Draft Volume
Average Size Sales Draft
Merchant Discount/Sales Draft Volume
10
36
17,382
$2,299,906
$132.31
1.47%
Productivity Measures
Total Number of Safe Deposit Boxes Available
Average Number of Safe Deposit Boxes Rented
Average Income per Safe Deposit Box Rented
Number of Offices With Safe Deposit Boxes
1,580
1,012
$21.13
3
Productivity Measures
Non-Interest lncome/FTE Personnel
Personnel Expense/FTE Personnel
Other Services FTE Personnel
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
200
10 Institutions
Assets > $200 M
0
0
0
0
5,279
91
212
154,889
$18,059,530
$116.60
1.38%
4,599
2,801
$27.63
9
$78,860
$111,463
$37,805
$38,263
2.06
4.91
EFT/ACH Cost Center Summary
ELECTRONIC FUNDS TRANSFER/ AUTOMATED CLEARING HOUSE (EFT/ ACH) COST CENTER
FCA participants report their expenses for funds transfer and ACH operations in this cost center.
These expenses, net of any income earned, are then allocated to the products based upon a
methodology described earlier in this booklet. This cost center captures expenses related to electronic
banking delivery systems, other than ATMs. This includes, but is not limited to, electronic funds
transfer, wire transfer, automated clearing house transactions, PC on-line banking transactions,
automated phone-banking, debit card transactions, and all expenses related to their maintenance and
support, including expenses charged by networks, merchants or clearing houses.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
EFT/ACH - Net Expense/ Transaction
Assets > $200M
Assets up to $200M
EFT/ACH - Personnel Expense/ Total Expense
60
50
c
40
u
30
Cl)
~
Cl)
C.
20
10
0
Assets > $200M
Assets up to $200M
201
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
This page left intentionally blank.
202
EFT/ACH Cost Center Summary
Dollars
Non-Interest Income
Service Charges
Fee Income
Other Income
Total Non-Interest Income
13 Institutions
10 Institutions
Assets u~ to 1200 M
Assets > 1200 M
$9,275
$0
$37,736
$26,545
~
$9,275
~
$64,280
$10,279
$2,668
$12,947
$74,400
$19,631
$94,030
$2,248
$4,106
$2,564
$687
$1,703
$0
$5,162
$35,763
$11,803
$15,668
$3,331
$11,910
$0
$28,644
Total Non-Interest Expense
$29,417
$201,149
Net Income (Expense) to be Distributed to Products*
($20,142)
($136,868)
-Non-Interest Expenses
Salary
Fringe Benefits
Personnel Expense
Vendor Data Processing
Furniture & Equipment
Printing, Postage, & Freight
Telephone & Electronic Access
Occupancy
Professional Fees-Legal & Other
All Other Direct Expenses
FTE Personnel
0.47
268,138
Total Number of ACH Transactions
3.19
1,456,097
Distribution of EFT/ACH Cost Center Net Income (Expense)
Percent
Investments
1-4 Family Mortgages
Construction & Land Development
Commercial & Other Real Estate
Home Equity
Automobile Loans
Student Loans
Other Consumer Loans
Commercial Installment Loans
Credit Card Loans
Commercial & Industrial Loans
Agricultural Loans
SBA Loans
Other Commercial Loans
Non-Interest Bearing Checking
Interest Bearing Checking
Regular Savings Accounts
MMDA
Retirement Accounts
Other Time Accounts
CDs< $100,000
CDs $100,000 or More
Borrowings & Other Liabilities
Trust Services
Other Services
Total
0.00%
3.14%
0.16%
0.21%
0.49%
0.37%
0.00%
0.26%
0.06%
N/A
0.09%
0.07%
0.00%
0.01%
42.64%
38.07%
10.24%
3.61%
0.57%
0.00%
0.00%
0.00%
0.00%
N/A
*Included in Net Indirect Expense on Product Pages
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
203
Percent
0.00%
1.30%
0.00%
0.05%
0.49%
0.47%
0.04%
0.31%
0.00%
N/A
0.04%
0.00%
0.00%
0.00%
53.71%
31.49%
10.71%
0.32%
0.08%
0.98%
0.00%
0.00%
0.00%
N/A
~
~
100.00%
100.00%
ATM Cost Center Summary
AUTOMATED TELLER MACHINE (ATM) COST CENTER
FCA participants report their expenses for ATM operations in this cost center. These expenses, net of
any income earned, are then allocated to the products based upon a methodology described earlier in
this booklet. This cost center captures expenses related to ATMs either owned or leased by the
reporting institutions. These include all expenses related to ATM maintenance and support, including
expenses charged by ATM networks.
ATMs - Net Income/ Transaction
Assets up to $200M
Assets > $200M
ATMs - Personnel Expense /Total Expense
30
25
'ECl)
20
CJ
15
..
Cl)
a..
10
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
5
0
Assets up to $200M
Assets > $200M
204
ATM Cost Center Summary
Dollars
Non-Interest Income
Service Charges
Fee Income
Other Income
Total Non-Interest Income
13 Institutions
6 Institutions
Assets up to $200 M
Assets > $200 M
$8,536
$24,008
$13,207
$45,751
$160,041
$0
iQ
$160,041
-Non-Interest Expenses
Salary
Fringe Benefits
Personnel Expense
$14,390
$3,280
$17,669
$40,852
Furniture & Equipment
Printing, Postage, & Freight
Telephone & Electronic Access
Occupancy
Professional Fees-Legal & Other
Network Expense Fees
All Other Direct Expenses
$10,066
$4,581
$1,235
$5,167
$814
$31,248
$4,374
$12,779
$9,351
$1,913
$9,803
$0
$143,271
$14,891
Total Non-Interest Expense
$75,154
$243,993
Net Income (Expense) to be Distributed to Products•
($29,403)
($83,952)
$11,134
$51,986
ATM Information
Transaction Volume
Deposits
6,284
41,968
Withdrawals
73,586
366,396
Balance Inquiries
23,459
1,093
58,277
360
1 711
106,133
472,463
5
14
0.65
1.90
Loan Payments
Transfer Between Accounts
Total
Number of Terminals (Owned or Leased)
ATM FTE Personnel
5,463
Pre-tax Ratios
($6,415)
($0.28)
Net Income/Terminal
Net Income/Transaction
Personnel Expense/Terminal
$3,855
$0.17
Personnel Expense/Transaction
Transactions/Terminal
23, 156
($6,219)
($0.18)
$3,851
$0.11
34,997
ATM Deposits/Total Deposits
2.44%
ATM Withdrawals/Total Withdrawals
5.71%
6.08%
Loan Payments/Total Payments
2.73%
0.18%
$27,378
Personnel Expense/FTE Personnel
23.51%
Personnel Expense/Total Non-Interest Expense
*Included in Net Indirect Expense on Product Pages
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
205
2.94%
$27,361
21.31%
ATM Cost Center Summary
Distribution of ATM Cost Center Net Expense
13 Institutions
6 Institutions
Assets up to $200 M
Assets > $200 M
Percent
Percent
Investments
N/A
N/A
1-4 Family Mortgages
0.03%
0.03%
N/A
N/A
N/A
N/A
Construction & Land Development
Commercial & Other Real Estate
Home Equity
0.00%
0.01%
Automobile Loans
0.06%
(0.02%)
Student Loans
0.00%
0.00%
Other Consumer Loans
0.07%
0.00%
N/A
N/A
0.04%
0.00%
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
Non-Interest Bearing Checking
61.97%
61.67%
34.69%
Commercial Installment Loans
Credit Card Loans
Commercial & Industrial Loans
Agricultural Loans
SBA Loans
Other Commercial Loans
Interest Bearing Checking
33.13%
Regular Savings Accounts
3.10%
2.77%
MMDA
Retirement Accounts
1.59%
0.86%
N/A
N/A
Other Time Accounts
0.00%
0.00%
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
100.00%
100.00%
CDs< $100,000
CDs $100,000 or More
Borrowings & Other Liabilities
Trust Services
Other Services
Total
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
206
Facilities Management Cost Center Summary
FACILITIES MANAGEMENT COST CENTER
FCA participants report their expenses for facilities management operations in this cost center. These
expenses, net of any income earned, are then allocated to the products based upon a methodology
described earlier in this booklet. This cost center captures expenses related to maintaining a facilities
management operation. This includes grounds keeping, janitorial services and security.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Facilities Management - Income/ Total Expense
60
50
-e
40
C
30
C)
0..
20
10
Assets> S200M
Assets up to S200M
Facilities Management - Personnel Expense/ Total Expense
60
50
'E
Q)
CJ
Gi
40
30
~
20
10
0
Assets> $200M
Assets up to $200M
207
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
This page left intentionally blank.
208
Facilities Management Cost Center Summary
Dollars
10 Institutions
10 Institutions
Assets up to $200 M
Assets > $200 M
$9,721
$169,125
$29,498
$119,332
Personnel Expense
$8,524
$38,021
$31,525
$150,856
Furniture & Equipment
Printing, Postage, & Freight
Telephone & Electronic Access
Occupancy
Professional Fees-Legal & Other
All Other Direct Expenses
$10,605
$4,467
$1,002
$10,588
$3,925
$19,456
$47,946
$23,771
$5,857
$38,905
$5,078
$68 929
$88,064
$341,343
($78,343)
($172,218)
Non-Interest Income
-Non-Interest Expenses
Salary
Fringe Benefits
Total Non-Interest Expense
Net Income {Expense) to be Distributed to Products•
Facilities Management FTE Personnel
0.83
5.35
Distribution of Facilities Management Cost Center Net Income {Expense)"
Investments
1-4 Family Mortgages
Construction & Land Development
Commercial & Other Real Estate
Home Equity
Automobile Loans
Student Loans
Other Consumer Loans
Commercial Installment Loans
Credit Card Loans
Commercial & Industrial Loans
Agricultural Loans
SBA Loans
Other Commercial Loans
Non-Interest Bearing Checking
Interest Bearing Checking
Regular Savings Accounts
MMDA
Retirement Accounts
Other Time Accounts
CDs< $100,000
CDs $100,000 or More
Borrowings & Other Liabilities
Trust Services
Other Services
Total
*Included in Net Indirect Expense on Product Pages
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
209
Percent
Percent
2.31%
11 .17%
1.93%
3.18%
1.62%
5.62%
0.15%
3.11%
2.17%
1.23%
3.94%
8.16%
0.66%
1.68%
13.11 %
8.94%
6.99%
3.27%
2.78%
0.00%
5.47%
1.41%
0.62%
0.00%
10.48%
100.00%
, .04 °0
5 52°0
, 61 °o
2 57° o
2 89°0
4 52°0
0 06°0
, , 7°0
0 OO"o
, 47°0
5 19°.,
, , 5°0
3 51 °0
3 14 eo
24 10°0
,o 02~0
12 50°0
2 20°0
2 17°0
, .22°0
5.57°0
, .29°0
O.13°-o
4.11%
2.83%
100.00%
Human Resources Cost Center Summary
HUMAN RESOURCES COST CENTER
FCA participants report their expenses for human resources operations in this cost center. These
expenses, net of any income earned, are then allocated to the products based upon a methodology
described earlier in this booklet. This cost center captures expenses related to Human Resources (or
Personnel) activities, such as recruiting, hiring, terminations, training, education, and maintenance of
payroll and benefits databases.
Human Resources - Training Expense/ Total Expense
30
25
c
...u
20
G)
15
G)
c..
10
5
0
Assets up to $200M
Assets> $200M
Human Resources - Personnel Expense/ Total Expense
60
50
c
40
...
30
G)
u
G)
c..
20
10
0
Assets up to $200M
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Assets > $200M
210
Human Resources Cost Center Summary
Dollars
Non-Interest Income
13 Institutions
10 Institutions
Assets up to $200 M
Assets > $200 M
$0
$0
$38,128
$11,010
$49, 139
$169,424
$40,228
$209,652
$5,325
$12,692
$12,316
$16,890
-Non-Interest Expenses
Salary
Fringe Benefits
Personnel Expense
Vendor Data Processing
Furniture & Equipment
Printing, Postage, & Freight
$3,805
$8,304
Telephone & Electronic Access
$1,111
$3,876
Occupancy
$5,512
$18,179
Professional Fees-Legal & Other
$3,201
$37,322
Education & Training
$26,180
$68,760
All Other Direct Expenses
$20,297
$36,423
$126,886
$412,098
($126,886)
($412,098)
Total Non-Interest Expense
Net Income (Expense) to be Distributed to Products*
Human Resources FTE Personnel
Net Human Resources Expense/Total Bank FTE
0.98
4.69
($2,784)
($1,700)
Distribution of Human Resources Cost Center Net Income (Expense)*
Investments
1-4 Family Mortgages
Construction & Land Development
Commercial & Other Real Estate
Home Equity
Automobile Loans
Student Loans
Other Consumer Loans
Commercial Installment Loans
Credit Card Loans
Commercial & Industrial Loans
Agricultural Loans
SBA Loans
Other Commercial Loans
Non-Interest Bearing Checking
Interest Bearing Checking
Regular Savings Accounts
MMDA
Retirement Accounts
Other Time Accounts
CDs< $100,000
CDs $100,000 or More
Borrowings & Other Liabilities
Trust Services
Other Services
Total
*Included in Net Indirect Expense on Product Pages
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
211
Percent
Percent
0.96%
10.87%
1.23%
3.10%
1.20%
5.43%
0.23%
4.44%
2.37%
1.26%
3.16%
8.29%
0.67%
1.42%
16.40%
8.75%
6.58%
2.83%
1.70%
0.00%
5.41%
0.90%
0.34%
5.94%
6.52%
100.00%
0.72%
10.20%
1.41%
2.23%
3.72%
4.83%
0.10%
1.61%
0.00%
0.75%
5.08%
3.16%
1.09%
1.35%
23.02%
9.49%
10.24%
2.76%
2.80%
1.05%
4.84%
1.31%
0.14%
5.18%
2.92%
100.00%
Proof & Transit Cost Center Summary
PROOF & TRANSIT COST CENTER
FCA participants report their expenses for check processing and balancing operations in this cost
center. These expenses, net of any income earned, are then allocated to the products based upon a
methodology described earlier in this booklet. This cost center captures expenses related to check
processing, including encoding, sorting, receiving and sending cash letters, balancing and adjustments
Proof & Transit - Furniture & Equipment Expense / Total Expense
Assets > $200M
Assets up to $200M
Proof & Transit - Personnel Expense/ Total Expense
60
50
c
40
...
30
c..
20
Q)
(,)
Q)
10
0
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
-1,..,,:::::::::::::::==iw:._...:::::...!.......::__
:::;.-~---..1..l.---_.:.;;;..-..:..
Assets up to $200M
Assets > $200M
212
Proof & Transit Cost Center Summary
Dollars
13 Institutions
10 Institutions
Assets u~ to ~200 M
Assets > ~200 M
$0
$0
Salary
Fringe Benefits
Personnel Expense
$29,707
$7,757
$37,464
$126,658
$37,772
$164,430
Vendor Data Processing
$6,130
$11,782
$8,891
$1,674
$8,006
$2,229
$14,668
$80,937
$74,859
$27,142
$15,172
$27,425
$0
$33,943
$90,844
$423,908
($90,844)
($423,908)
Non-Interest Income
-Non-Interest Expenses
Furniture & Equipment
Printing, Postage, & Freight
Telephone & Electronic Access
Occupancy
Professional Fees-Legal & Other
All Other Direct Expenses
Total Non-Interest Expense
Net Income (Expense) tp be Distributed to Products*
Proof and Transit FTE Personnel
1.64
6.63
Percent
Percent
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
63.88%
28.90%
4.60%
2.17%
0.45%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
100.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
68.13%
21.85%
Distrib~tion of Proof & Transit Cost Center Net Income (Expense)*
Investments
1-4 Family Mortgages
Construction & Land Development
Commercial & Other Real Estate
Home Equity
Automobile Loans
Student Loans
Other Consumer Loans
Commercial Installment Loans
Credit Card Loans
Commercial & Industrial Loans
Agricultural Loans
SBA Loans
Other Commercial Loans
Non-Interest Bearing Checking
Interest Bearing Checking
Regular Savings Accounts
MMDA
Retirement Accounts
Other Time Accounts
CDs< $100,000
CDs $100,000 or More
Borrowings & Other Liabilities
Trust Services
Other Services
Total
*Included in Net Indirect Expense on Product Pages
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
213
8.44%
1.34%
0.17%
0.08%
0.00%
0.00%
0.00%
0.00%
0.00%
100.00%
Data Processing Cost Center Summary
DATA PROCESSING COST CENTER
FCA participants report their expenses for internal data processing operations in this cost center.
These expenses, net of any income earned, are then allocated to the products based upon a
methodology described earlier in this booklet. This cost center captures expenses related to the
maintenance and support of software, operating systems, PCs, printers, mainframes, LANs, and all
other data processing equipment and activities, such as programming, system design, and computer
operations.
Data Processing - Furniture & Equipment Expense/ Total Expense
35
30
25
E
G)
20
G)
15
...u
0.
10
5
0
Assets up to $200M
Assets > $200M
Data Processing - Personnel Expense/ Total Expense
50
40
30
20
10
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Assets up to S200M
Assets> $200M
214
Data Processing Cost Center Summary
Dollars
Non-Interest Income
13 Institutions
10 Institutions
Assets u~ to i200 M
Assets > i200 M
$0
$0
$179,843
Personnel Expense
$48,718
$11.177
$59,895
Vendor Data Processing
$34,307
$65,233
Furniture & Equipment
$21,667
$168,206
$37,660
-Non-Interest Expenses
Salary
Fringe Benefits
$44,620
$224,463
Printing, Postage, & Freight
$7,759
Telephone & Electronic Access
$2,197
$30,422
Occupancy
$7,149
$19,214
Professional Fees-Legal & Other
All Other Direct Expenses
Total Non-Interest Expense
Net Income (Expense) to be Distributed to Products•
Data Processing FTE Personnel
$7,467
$14,186
$13,647
$24,233
$154,086
$583,619
($154,086)
($583,619)
1.71
5.06
Distribution of Data Processing Cost Center Net Income (Expense)*
Percent
Percent
Investments
2.04%
0.97%
1-4 Family Mortgages
8.02%
9.16%
Construction & Land Development
0.99%
0.63%
Commercial & Other Real Estate
2.94%
1.22%
3.36%
Home Equity
1.30%
Automobile Loans
4.20%
6.53%
Student Loans
0.19%
0.13%
Other Consumer Loans
3.60%
1.65%
Commercial Installment Loans
2.28%
0.00%
Credit Card Loans
1.1 6%
1.43%
Commercial & Industrial Loans
4.31%
4.82%
11.56%
3.67%
0.76%
1.57%
0.25%
0.47%
11.31%
8.77%
25.79%
12.20%
Agricultural Loans
SBA Loans
Other Commercial Loans
Non-Interest Bearing Checking
Interest Bearing Checking
Regular Savings Accounts
4.56%
7.59%
MMDA
2.26%
2.66%
Retirement Accounts
1.26%
1.92%
Other Time Accounts
0.00%
0.63%
CDs< $100,000
4.10%
4.67%
CDs $100,000 or More
0.85%
1.19%
Borrowings & Other Liabilities
0.69%
0.29%
Trust Services
14.12%
5.87%
Other Services
7.23%
2.82%
100.00%
100.00%
Total
*Included in Net Indirect Expense on Product Pages
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
215
General & Administrative Cost Center Summary
GENERAL & ADMINISTRATIVE COST CENTER
FCA participants report their expenses for general and administrative overhead operations in this cost
center. These expenses, net of any income earned, are then allocated to the products based upon a
methodology described earlier in this booklet. This cost center captures expenses related reserves,
surplus, undivided profits, stock, accounting, bookkeeping, legal staff, marketing for the institution as a
whole (as opposed to promotions for specific products), auditing, directors' meetings, and similar
activities that serve a general, administrative purpose for the benefit of the entire institution.
General & Administrative - Net Expense/ Total Staff Bank-wide
-$5,000.00
-$10,000.00
Assets up to $200M
Assets > $200M
General & Administrative - Personnel Expense/ Total Expense
60
50
c
..
Cl)
(.)
Cl)
C.
40
30
20
10
0
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Federal Reserve Bank of St. Louis
Assets up to $200M
Assets > $200M
216
General & Administrative Cost Center Summary
Dollars
14 Institutions
9 Institutions
Assets up to $200 M
Assets > $200 M
$0
$183,651
$262,388
$1,162,809
$59,829
$322,217
$231,885
$1,394,694
Furniture & Equipment
$49,713
$113,174
Printing, Postage, & Freight
$15,865
$80,726
Non-Interest Income
-Non-Interest Expenses
Salary
Fringe Benefits
Personnel Expense
$7,858
$23,459
Occupancy
$35,632
$128,792
$185,864
Telephone & Electronic Access
Professional Fees-Legal & Other
$38,176
Directors Fees
$50,088
$149,690
External Exams & Audits
$42,821
$138,682
All Other Direct Expenses
$86,569
$350,731
$648,939
$2,565,812
($648,939)
($2,382,161)
General & Administrative FTE Personnel
7.40
23.05
Non-Interest Expense/Total Assets
0.60%
Total Non-Interest Expense
Net Income (Expense) to be Distributed to Products*
($13,689)
Net G.& A Expense/Total Bank FTE
0.39%
($10,986)
Distribution of General & Administrative Cost Center Net Income (Expense)*
Investments
1-4 Family Mortgages
Construction & Land Development
Commercial & Other Real Estate
Home Equity
Automobile Loans
Student Loans
Other Consumer Loans
Commercial Installment Loans
Credit Card Loans
Commercial & Industrial Loans
Agricultural Loans
SBA Loans
Other Commercial Loans
Non-Interest Bearing Checking
Interest Bearing Checking
Regular Savings Accounts
MMDA
Retirement Accounts
Other Time Accounts
CDs < $100,000
CDs $100,000 or More
Borrowings & Other Liabilities
Trust Services
Other Services
Total
*Included in Net Indirect Expense on Product Pages
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
217
Percent
Percent
1.59%
12.06%
1.37%
3.22%
1.16%
5.70%
0.20%
5.07%
2.20%
1.81%
5.12%
6.96%
0.66%
1.80%
14.16%
7.72%
5.00%
2.18%
1.68%
0.00%
5.03%
1.09%
0.65%
8.44%
5.12%
100.00%
1.44%
11.50%
1.20%
1.91%
4.82%
4.53%
0.34%
2.28%
0.00%
1.65%
4.15%
4.15%
0.70%
1.22%
15.75%
10.41%
10.44%
2.63%
2.94%
0.77%
4.46%
1.18%
0.35%
6.61%
4.60%
100.00%
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
This page left intentionally blank.
1998 PARTICIPATING COMMERCIAL BANKS & THRIFTS IN THE CENTRAL REGION
WITH PRODUCT COMPARISONS
STATE
INSTITUTION NAME
CITY
FNB OF SHARP COUNTY
ASH FLAT
AR
PERRY STATE BANK
PERRY
IA
FIRST CITIZENS NATIONAL BANK
MASON CITY
IA
UNIONBANK
STREATOR
IL
HOME STATE BANK, N.A.
CRYSTAL LAKE
IL
COVESTBANC
DES PLAINES
IL
OAK BROOK BANK
OAKBROOK
IL
STATE BANK OF ORION
ORION
IL
SAND RIDGE BANK
SCHERERVILLE
IN
FIRST COMMUNITY BANK & TRUST
BARGERSVILLE
IN
FIRST NATL BANK - VALPARAISO
VALPARAISO
IN
LAKE CITY BANK
WARSAW
IN
FIRST NATIONAL BANK
GOODLAND
KS
DENISON STATE BANK
HOLTON
KS
THE UNION BANK OF MARKSVILLE
MARKSVILLE
LA
THE STATE BANK
FENTON
Ml
WESTERN NATIONAL BANK
DULUTH
MN
WINONA NATIONAL & SAVINGS BANK
WINONA
MN
AMERtCANA NATIONAL BANK
ALBERT LEA
MN
SOUTHERN MISSOURI BANK
MARSHFIELD
MO
FIRST NATIONAL BANK OF OXFORD
OXFORD
MS
THAYER COUNTY BANK
HEBRON
NE
FIRST NATIONAL BANK IN ALTUS
ALTUS
OK
MUTUAL SAVINGS BANK
MILWAUKEE
WI
FIRST NATIONAL BANK
EAGLE RIVER
WI
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Appendix
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
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