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https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis /J, MSEMCH Lll'ftAflY OEC 021999 ,IIIIAl IMIIM'f MHf< OF MINNEAPOLIS 1998 Commercial Ban~~ Product-line Comparirnm AND PROFIT ANALYSIS Net Indirect Expense Direct Expense $ it-Nonelectronic rawal-Electronic rawal-Nonelectronic k Deposited aintenar. ~ 348 22 369 4,104 26,054 1,795 32 581 7,282 226,096 Total Expense $ 174 .$ 522 14,336 I 36,705 1,585 5,689 15,140 41,194 1,056 2,851 20,351 52,932 4,459 11,741 134,355 ~'?0,~5! 191z456 ---------1 Central ~tate~ Re~ional Avera~e Report Based on data furnished by participating banks and thrifts 1998 Commercial Bank CENTRAL STA TES REGIONAL AVERAGE REPORT Product-Line 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: Colorado, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Michigan, Minnesota, Missouri, Nebraska, North Dakota, Oklahoma, Texas, Wisconsin and Wyoming. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Central States Regional Average Report, Product-Line Comparisons Commercial Banks, Savings Banks, and Savings and Loan Associations TABLE OF CONTENTS Introduction ...................................................................................................... i Definition of Terms ............................................................................................................... ii Allocation of Non-Interest Expenses .................................................................................. iv Report Organization .............................................................................................................v OVERVIEW Key Performance Indicators ................................................................................................ 1 Interest Rates ....................................................................... ............................... ................ 2 Balance Sheet ......................................... ............................................................................ 3 lncome ................................................................ ......... ....... ... ... ..... ... ........ ............. ..... .... ..... 4 Expense .................................... ................................... ....................................... ..... ....... ..... 6 Key Performance Graphs ........................................................ ................. .... .... ....... ............ 9 LOANS AND INVESTMENTS Investments ................................. ...................................................................................... 14 Real Estate Loans ............... ... ........... .. .............. ... ... .. .... .... ........................ .... ...... .. .... .... .... 17 Installment Loans ...... ....... .... ....... ................ ... ................................................. ................... 23 Commercial Loans ........... .................................... ........ ...................................................... 29 DEPOSITS AND OTHER LIABILITIES Demand Deposits ............................................................................................................. .35 Savings Deposits ...............................................................................................................43 Time Deposits .............................. .................... ..... .... ......................................................... 50 Borrowings and Other Liabilities .... .... ................. ............................................................... 55 OTHER FUNCTIONS Trust Services ............... ....... .. .......... ... ...... ........................... ... ............... ............................ 59 Other Services ... .......... ...... .... ... ..... .............. ... ................ .. ........................... ............. .... ..... 63 GENERAL COST CENTER General Cost Center lnformation ..................................................... ... ............................... 67 Distribution of General Cost Center Net Expense ......................................................... .... 69 LIST OF PARTICIPATING INSTITUTIONS··· ····················· .............................................. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Appendix INTRODUCTION 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 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: 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 Because of differences in exact science. 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 By results within an individual institution. presenting a standard approach, FCA helps ease this problem. Please note: averaging throughout this report All is performed on a line-item basis. 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-line data, which is why this report is subtitled Product-Une The companion booklet, Comparisons. Commercial Bank Central States Regional Average Report, Product Comparisons, presents a more exact examination of banking costs, income, and direct and indirect expenses. That information was supplied by banks and thrifts providing detailed, product-level data. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis • 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 Net Income Per Product Line The net income figures for each asset and liability 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 product lines, liability product lines, borrowings and other liabilities function, trust services, and other services, less the cost of funds applied to the non-earning assets. 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. 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 product-lines. 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 profitability 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. 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%. 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. 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. 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. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Direct Expenses Direct expenses are costs that are directly attributable to the operation of, and activities in, a bank product line or service. For example, the direct expenses of a non-electronic deposit to a demand deposit account would include the teller's salary expended in processing the deposit. - ii - Net Indirect Expenses Indirect expenses are costs that are not directly related to the product lines or services, but rather, are incurred in support of those product lines and services. For example, the salaries of the personnel that manage the bank facilities would be an indirect, or overhead, expense applicable to all product lines within the institution. In this report the institutions' indirect expenses are recorded under a general cost center. Then, any income earned by that cost center is netted from the cost center's expenses. These net indirect expenses are then allocated by FCA to the product lines and services. Relative weights are used as the basis for assigning a product line's expenses to its activities. Each activity is assigned a percentage of direct and net indirect product-line 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. 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 product lines in order to provide each one with a profitability analysis. This analysis involves the transfer of the interest expenses of the funding product lines to the assets that utilized the funds, and a reciprocal credit back to the funding products lines. 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. FCA's Product-Line Comparisons utilizes a single pool-of-funds approach to funds transfer pricing. This approach aggregates all funds provided for loans and investments into one pool in order to determine an average rate of interest expense for the entire institution. This average rate is then used to appropriately charge the asset product lines for the interest expense of the funds they used (i.e., Cost of Funds, or COF). The liability product lines receive a credit for providing the funds (i.e., Credit for Funding, or CFF), which is equal to the interest expense of each liability product line. Item Costs The loan and deposit product-line analyses in this report present the calculation of the costs of various activities involved in those product lines. Each key activity undertaken within a product line 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 key activity that requires the least effort within a product-line area is assigned a weight of 1.0, and all other key activities for that product line 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 line. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Please note that the transfer pricing charges are shown in italics, and that the memo item shown at the bottom of each of the product-line income statements shows the actual profitability without the transfer charges. - iii - ALLOCATION OF NON-INTEREST EXPENSES Participants are advised to be as precise as possible when allocating salaries and staff. Expenses not allocated by the banks, savings banks, and savings and loans are distributed by FCA on the basis of cost drivers developed from the data of recent participants. FCA distributes non-interest expenses across the product lines as follows: Expense Category Salaries: Allocation Method Allocated completely by the participant to the product lines and General Cost Center. Fringe Benefits: Allocated based on the percentage of total salary expense the institution allocated to each product line and the General Cost Center. Vendor Data Processing: Allocated to product lines with processing performed by a vendor, based on cost drivers developed from the data of recent participants. Furniture & Equipment: Allocated based on the percentage of total FTE the institution allocated to each product line, excluding the General Cost Center. Printing, Postage & Freight: Allocated based on the percentage of total FTE the institution allocated to each product line, excluding the General Cost Center. Telephone & Electronic Access: Allocated based on the percentage of total FTE the institution allocated to each product line, excluding the General Cost Center. Occupancy: Allocated based on the percentage of total FTE the institution allocated to each product line, excluding the General Cost Center. Professional Fees: 100% is allocated to the General Cost Center, to be distributed to the product lines with the rest of the General Cost Center expenses. Credit Reports: Allocated to the loan product lines based on the percentage of total applications that the institution allocated to that loan type. Appraisal Fees: 100% is allocated to Real Estate Loans. Return Item Charges: 100% is allocated to Demand Deposits & Other Transaction Accounts (ODA). FDIC Insurance: Allocated to ODA, Savings, and Time Deposits based on the percentage of outstanding dollar volume reported on the balance sheet for these product lines. All Other Expenses: Allocated based on the percentage of total FTE the institution allocated to each product line, excluding the General Cost Center. General Cost Center: Allocated based on the percentage of total FTE the institution allocated to each product line, excluding the General Cost Center. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis - iv - REPORT ORGANIZATION OVERVIEW 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. Pages 1 through 13 present an Overview of the institutions' overall profitability, and includes analyses of key-performance indicators, interest rates, the balance sheet, income, and expenses. 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. 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 figures are all pre-income tax. PRODUCT-LINE ANALYSES Pages 14 through the end of the report present product-line analyses under the categories of investments, real estate loans, installment loans, commercial loans, demand deposit accounts, savings deposits, time deposits, borrowings & other liabilities, trust services, other services, and the General Cost Center. The ODA fees to ODA 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. Income Statements Each of the product-line analyses is presented in the form of two income statements, one in dollar amounts and the other as percentages of productline volume. Please note that the transfer pricing charges are shown in italics, and that the memo item shown at the bottom of each of the income statements shows the actual profitability of the product line without the transfer charges. Personnel expenses are also italicized, as they are typically the single largest expense. The 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. 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. For every product line, the net indirect expenses are shown following the total direct expenses. FCA collects the participants' overhead expenses (less any income) in the General Cost Center and allocates these net indirect expenses to the product lines based on the methodology described earlier in this booklet. And finally, the non-interest expense to total expense ratio shows the proportion of operating expenses to total expenses. Since interest 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. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis -v- Loan & Deposit Statistics and Item Costs Following the income statements for the loan and deposit product lines, the report presents basic descriptive statistics, such as the average loan or account size, number of loans made or accounts opened, number of applications or deposits received, etc. These are followed by productivity measures that depict various aspects of productivity within the product lines. https://fraser.stlouisfed.org 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. - vi - KEY PERFORMANCE INDICATORS PRE-TAX RATIOS 78 Institutions 16 Institutions Assets up to $200 M Assets > $200 M PROFITABILITY Net Income/Total Assets Net Income/Equity Capital Equity Capital/Total Assets Net Interest Margin Net Non-Interest Margin DOA 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 1.48% 13.81% 10.75% 3.99% (2.39%) 45.99% 317.14% 11 .58% 0.29% 46.10% 1.65% 18.56% 8.87% 3.81% (2.00%) 42.99% 264.11% 12.77% 0.22% 42.95% 81 .52% $34,650 54.23% 0.43 80.05% $41 ,495 53.02% 0.40 69.00% 108.19% 77.92% 117.79% 33.39 149.24 PRODUCTIVITY Total Expense/Total Income Net lncome/FTE Personnel Salary & Fringe Benefits/Non-Interest Expense Average FTE Personnel/ Million$ in Assets FUNDING Loans/Deposits Investments & Loans/Deposits FTE Personnel Number of Limited Service Offices 2 Number of Full Service Offices 2 6 Number of ATMs 3 13 Balance Sheet Items are Yearly Averages. Equity Capital includes Loan Loss Reserves. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis INTEREST RATES 16 Institutions Assets > $200 M 78 Institutions Assets up to $200 M Assets Investments 5.71% 5.94% Real Estate Loans 8.59% 8.44% Installment Loans 10.01% 9.13% Commercial Loans 9.61% 9.00% Average Interest Rates Assets 12 10 8 C/) G) «i cc 6 □ 4 ■ Assets> Assets up to $200 M $200 M 2 0 Investments Real Estate Installment Commercial 78 Institutions Assets up to $200 M Liabilities Demand Deposits Savings Deposits Time Deposits Borrowings 16 Institutions Assets > $200 M 1.51% 3.22% 5.35% 5.19% 1.33% 3.06% 5.69% 5.54% Average Interest Rates Liabilities 6 5 (/) G) 4 El Assets up to $200 M «i 3 cc ■ Assets 2 1 0 Demand https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Savings Time Borrowings 2 > $200 M Balance Sheet Composition Composition of Assets 16 Institutions Assets > $200 M 78 Institutions Assets up to $200 M 8% 4% 30% 10% □ Cash & Due From ■ Investments □ Cash ■ El Commercial ■ 3% □ 32% ■ Other Assets 4% Installment Investments C3Commercial D Real Estate 21% & Due From 20% Other Assets □ Real Estate □ Installment Composition of Liabilities & Capital 78 Institutions Assets up to $200 M 11% https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 16 Institutions Assets > $200 M □ DOA & 0th Trans □ Savings Deposits ■ Time i;;J DOA □ Deposits □ Borrowings ■ 9% & 0th Trans Savings Deposits ■ Time Deposits 17% & □ Borrowings & Other ■ Equity Capital Other Equity Capital 3 Income Summary Information Pre-Tax Ratios 78 Institutions 16 Institutions Assets up to $200 M Assets > $200 M Non-Interest Income/Total Income 11.58% 12.TT% Interest Income/Total Income 89.03% 87.65% Deposit Service Charge Income/Non-Interest Income 19.01% 13.64% General Cost Center Income/Non-Interest Income 10.42% 9.49% Non-Interest Expense/(lnterest Expense+ Non-Interest Expense) 46.10% 42.95% Contribution to Total Income 35% 30% 25% 20% 15% 10% 5% 0% Invest. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Real Estate □ Install. Comm'I Deposits Assets up to $200 M Trust ■ 4 0th Services Assets > $200 M Cost Center Composition of Income Composition of Interest Income 40% 35% 30% 25% 20% 15% 10% 5% 0% Invest. Install. Real Estate Comm'I ■ CJ Assets up to $200 M Assets > $200 M 16 Institutions 78 Institutions Assets up to $200 M Assets > $200 M 26.39% 36.32% 11.17% 26.80% 26.42% 36.53% 12.31% 24.73% Interest Income Investments Real Estate Loans Installment Loans Commercial Loans Composition of Non-Interest Income 45% 40% 35% 30% 25% 20% 15% 10% 5% 0% Invest . □ Real Estate Install. Comm' I Deposits ■ Assets up to $200 M Non-Interest Income Investments Real Estate Loans Installment Loans Commercial Loans Deposits Trust Other Services General Cost Center https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Trust 0th Services Cost Center Assets > $200 M 8.50% 16.00% 4.83% 4.93% 43.73% 17.65% 11 .92% 10.42% 5 6.73% 16.48% 3.53% 4.30% 34.08% 16.52% 18.48% 9.49% Expense Summary Percent of Expense 78 Institutions 16 Institutions Assets up to $200 M Assets > $200 M 10.30% 17.61% 65.88% 8.11% 6.40% 14.17% 62.78% 17.76% Interest Expense as a Percent of Total Interest Expense Demand Deposits Savings Deposits Time Deposits Borrowings & Other Liabilities Non-Interest Expense as a Percent of Total Non-Interest Expense Salary Personnel Expense 43.18% 11.05% 54.23% 41.49% 11 .52% 53.02% Vendor Data Processing Furniture and Equipment Printing, Postage & Freight Telephone & Electronic Access Occupancy Professional Fees - Legal & Other Credit Reports Appraisal Fees General Cost Center FDIC Insurance All Other Expenses 4.85% 7.77% 4.53% 1.34% 6.80% 2.21% 0.21% 0.36% 6.92% 0.55% 11.32% 4.52% 8.12% 4.55% 1.48% 7.78% 3.07% 0.25% 0.86% 4.18% 0.61% 12.56% 2.61% 2.04% Fringe Benefits Losses as a Percent of Total Expense Net Current Loan Losses https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 6 Expense Summary Information Composition of Interest Expense 70% 60% 50% 40% 30% 20% 10% 0% DOA Savings Time Borrowings ■ Assets> Ell Assets up to $200 M $200 M 78 Institutions 16 Institutions Assets up to $200 M Assets > $200 M 10.30% 17.61% 65.88% 8.11% 6.40% 14.17% 62.78% 17.76% Interest Expense ODA & 0th. Transaction Accts. Savings Deposits Time Deposits Borrowings & Other Liabilities Composition of Non-Interest Expense 50% 45% 40% 35% 30% 25% 20% 15% 10% 5% 0% Invest. Real Estate Install. Comm'I Deposits ■ Assets ml Assets up to $200 M Non-Interest Expense Investments Real Estate Loans Installment Loans Commercial Loans Deposits Borrowings & Other Liabilities Trust Other Services https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Borrowings 7 Trust 0th Services > $200 M 78 Institutions 16 Institutions Assets up to $200 M Assets > $200 M 2.56% 13.83% 11.00% 13.38% 44.09% 1.04% 6.76% 7.34% 1.85% 14.66% 10.01% 12.13% .46.52% 0.34% 6.97% 7.53% Income and Expense Summary Percent of Product Line Volume Interest Income Investments Real Estate Loans Installment Loans Commercial Loans 78 Institutions 16 Institutions Assets up to $200 M Assets > $200 M 5.61% 8.51% 9.55% 9.20% 6.04% 8.30% 9.08% 8.88% 1.44% 3.26% 5.41% 6.85% 1.16% 3.06% 5.60% 5.39% Interest Expense Demand Deposits Savings Deposits Time Deposits Borrowings & Other Liabilities Non-Interest Income Investments Real Estate Loans Installment Loans Commercial Loans Demand Deposits Savings Deposits Time Deposits 0.24% 0.49% 0.54% 0.22% 1.59% 0.08% 0.03% 0.23% 0.55% 0.38% 0.23% 1.69% 0.05% 0.04% 0.23% 1.38% 3.99% 1.95% 3.45% 1.60% 0.44% 0.77% 0.16% 1.28% 2.84% 1.68% 3.92% 1.55% 0.54% 0.08% Non-Interest Expense Investments Real Estate Loans Installment Loans Commercial Loans Demand Deposits Savings Deposits Time Deposits Borrowings & Other Liabiltiies https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 8 Overview Net Income I Total Assets 3.00 c 2.00 Q) ...u ~ 1.00 Assets up to $200 M Assets > $200 M Total Expense/ Total Income 100.00 80.00 c Q) ifu https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 60.00 40.00 20.00 0.00-+"----.........Assets up to $200 M Assets > $200 M 9 Overview Net Interest Margin 10.00 8.00 E Cl) s.oo (.) i 4.00 2.00 Assets up to $200 M Assets > $200 M Non-Interest Income I Non-Interest Expense 50.00 40.00 E 30.oo Cl) (.) a.. &_ 20.00 10.00 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Assets up to $200 M Assets > $200 M 10 Overview Non-Interest Expense/ Total Expense c 8 ~ 60.00 50.00 40.00 30.00 20.00 10.00 0.00 _____......._ _ ___,__ _~ - - - - - - - ' - - - Assets up to $200 M Assets > $200 M Non-Interest Income I Total Income 20.00 15.00 c 8 10.00 G) Q. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 5.00 Assets up to $200 M Assets > $200 M 11 Overview Loans / Deposits 100.00 80.00 'EQ) ... 60.00 0 Q) ll. 40.00 20.00 0.00 ____...,___ _ _......-:;_ _---,._ ____._____.-:;..__ __,,, Assets up to $200 M Assets > $200 M Net Loan Losses / Total Loans 0.50 0.40 i 0.30 ; 0.20 0 ll. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Assets up to $200 M Assets > $200 M 12 Overview Salaries & Fringe/ Total Non-Interest Expense 100.00 80.00 'EG) 60.00 " 40.00 ~ https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 20.00 0.00 ~----'--_;;__..;;;.==-==----~---L...........;;;;..____;,,..;:,__..-:::.,_ _....,,.., Assets up to $200 M Assets > $200 M Net Income / FTE Personnel $50,000 $40,000 $30,000 $20,000 $10,000 $0¥----'--....::...----~=-------r----1-.....:..._.;;;...___,J~--✓ Assets up to $200 M Assets >$200 M 13 Investment Summary INVESTMENTS Included as investments are U.S. securities, municipal securities and loans, Federal Funds sold, liquidity loans, and other investments. Non-Interest income on investments includes gains and losses on securities. The income graphed below is shown before transfer pricing. Investments Net Income (Before Transfer Pricing) 10.00 8.00 0 G) 'EG) E 6.00 ~ ~o> 4.00 G) C. 2.00 0.00 -+"'------------'------.---------------,'" Assets > $200 M Assets up to $200 M Non-Interest Income I Total income (Before Transfer Pricing) 5.00 4.00 i if 3.00 (.) 2.00 1.00 0.00 -I'----- https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Assets up to $200 M Assets > $200 M 14 Investments Summary Dollars $ VOLUME OF OUTSTANDINGS Investment Dollars/Earning Assets Interest Income -Cost of Funds (COF) Net Interest Income +Non-Interest Income Net Income Before Non-Interest Expense 78 Institutions 16 Institutions Assets up to $200 M Assets > $200 M $26,017,153 36.20% $118,341 ,679 33.58% $1,460,626 $885.160 $575,465 $61,550 $637,016 $7,151,763 $4,310.373 $2,841,389 $266,870 $3,108,259 -Non-Interest Expenses Direct Expenses Salary Fringe Benefits Personnel Expense Vendor Data Processing Furniture & Equipment Printing, Postage, & Freight Telephone & Electronic Access Occupancy All Other Direct Expenses Total Direct Expenses Net Indirect Expenses $69,405 $18,709 $88, 113 $22,968 $2,780 $1 ,765 $464 $2,378 $4,268 $64,173 $84,100 $8,759 $4,363 $1 ,603 $7,650 $12,195 $206,784 $7.430 $17,320 $71,603 $224,104 $565,413 $2,884,155 $1,450,573 $7,194,529 Total Non-Interest Expense Net Income Memo: Net Income Before COF $23,265 $6,286 $29,550 Composition of Non-Interest Expenses Assets > $200 M Assets up to $200 M 10% 8% El Personnel ml Personnel ■ Other Direct ■ Other Direct □ Net Indirect □ Net Indirect Personnel Expense $29,550 Personnel Expense Other Direct Expenses $34,623 Other Direct Expenses Net Indirect Expenses $7,430 Net Indirect Expenses https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 15 $88,113 $118,671 $17,320 Investments Summary Percent of Investments $ Volume 78 Institutions 16 Institutions Assets up to $200 M Assets > $200 M $26,017,153 $118,341 ,679 5.61% 3.40% 2.21% 0.24% 2.45% 6.04% 3.64% 2.40% 0.23% 2.63% Direct Expenses Salary Fringe Benefits Personnel Expense 0.09% 0.02% 0. 11% 0.06% 0.02% 0.07% Vendor Data Processing Furniture & Equipment Printing, Postage, & Freight Telephone & Electronic Access Occupancy All Other Direct Expenses Total Direct Expenses 0.09% 0.01% 0.01% 0.00% 0.01% 0.02% 0.25% 0.07% 0.01% 0.00% 0.00% 0.01% 0.01% 0.17% Net Indirect Expenses 0.03% 0.01% Total Non-Interest Expense 0.28% 0.19% Net Income 2.17% 2.44% Memo: Net Income Before COF 5.58% 6.08% $ VOLUME OF OUTSTANDINGS Interest Income -Cost of Funds (COF) Net Interest Income +Non-Interest Income Net Income Before Non-Interest Expense -Non-Interest Expenses Pre-Tax Ratios Non-Interest Income/Total Direct Expenses 95.91% · Personnel Expense/Total Direct Expenses 46.05% 42.61% Net Indirect Expenses/Total Direct Expenses 11.58% 8.38% 0.41 1.20 Investments FTE Personnel https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 16 129.06% Real Estate Loan Summary REAL ESTATE LOAN Included as real estate loans are mortgages on 1 to 4 family unit dwellings, construction and land development loans, home equity loans, and commercial real estate loans. Also included are real estate loans that were purchased but are serviced by other entities. The income graphed below is shown before transfer pricing. Real Estate Net Income (Before Transfer Pricing) 10.00 8.00 0 G) E E G) :, ~o > 6.00 4.00 G) a. 2.00 o.oo~--....i..;;;;;.:;;....;_.::.-... Assets up to $200 M Assets > $200 M Real Estate - Non-Interest Income/ Total Income (Before Transfer Pricing) 10.00 8.00 ~ 6.00 ; a. 4.00 u https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Assets up to $200 M Assets> $200 M 17 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis This page left intentionally blank. 18 Real Estate Loan Summary Dollars 78 Institutions Assets up to $200 M $ VOLUME OF OUTSTANDINGS Average # Loans Outstanding $121,775,086 2,297 35.15% $23,625,449 467 32.08% Real Estate Outstandings/Earning Assets Interest Income -Cost of Funds (COF) Net Interest Income +Non-Interest Income Net Income Before Non-Interest Expense 14 Institutions Assets > $200 M $2,010,217 $811,856 $1,198,361 $115.897 $1,314,257 $10,058,482 $4,644,769 $5,413,712 $616,288 $6,030,000 $124,784 $30,057 $154,842 $589,006 $168,842 $757,847 Vendor Data Processing Furniture & Equipment Printing, Postage, & Freight Telephone & Electronic Access Occupancy Credit Reports Appraisal Fees All Other Direct Expenses Total Direct Expenses $16,413 $23,042 $13,505 $4,015 $20,822 $877 $8,254 $33.454 $275,225 $52,801 $122,752 $70,577 $22,778 $118,008 $5,781 $101,496 $160,507 $1,412,547 Net Indirect Expenses Total Non-Interest Expense $61,533 $336,757 $263,347 $1,675,895 -Non-Interest Expenses Direct Expenses Salary Fringe Benefits Personnel Expense - Net Loan Losses $28,282 $154,745 $949,219 $4,199,361 $1 ,761,075 $8,844,130 Net Income Memo: Net Income Before COF Composition of Non-Interest Expenses Assets up to $200 M Assets > $200 M 16% II Personnel 46% ■ Other Direct □ Net Indirect lEJ Personnel 45% ■ Other Direct □ Net Indirect $154,842 Personnel Expense $757,847 Other Direct Expenses $120,383 Other Direct Expenses $654,700 Net Indirect Expenses $61,533 Net Indirect Expenses $263,347 Personnel Expense https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 19 Real Estate Loans Summary Percent of Real Estate $ Volume $ VOLUME OF OUTSTANDINGS 78 Institutions 14 Institutions Assets up to $200 M Assets > $200 M $23,625,449 Interest Income -Cost of Funds (COF) Net Interest Income +Non-Interest Income Net Income Before Non-Interest Expense $121,775,086 8.51% 3.44% 5.07% 0.49% 5.56% 8.26% 3.81% 4.45% 0.51% 4.95% Direct Expenses Salary Fringe Benefits Personnel Expense 0.53% 0.13% 0.66% 0.48% 0.14% 0.62% Vendor Data Processing Furniture & Equipment Printing, Postage, & Freight Telephone & Electronic Access Occupancy Credit Reports Appraisal Fees All Other Direct Expenses Total Direct Expenses 0.07% 0.10% 0.06% 0.02% 0.09% 0.00% 0.03% 0.14% 1.16% 0.04% 0.10% 0.06% 0.02% 0.10% 0.00% 0.08% 0.13% 1.16% 0.26% 1.43% 0.22% 1.38% -Net Loan Losses Net Income 0.12% 4.02% 0.13% 3.45% Memo: Net Income Before COF 7.45% 7.26% Non-Interest Income/Total Direct Expenses 42.11% 43.63% Personnel Expense/Total Direct Expenses 56.26% 53.65% Net Indirect Expenses/Total Direct Expenses 22.36% 18.64% -Non-Interest Expenses Net Indirect Expenses Total Non-Interest Expense Pre-Tax Ratios https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 20 Real Estate Loan Information $ VOLUME OF OUTSTANDINGS Average # Loans Outstanding Average Size Loan # Loans Made # Loans Serviced 78 Institutions 14 Institutions Assets up to $200 M Assets > $200 M $23,625,449 467 $51,839 $121,775,086 2,297 $60,174 180 481 793 2,986 828.45 4,868.69 3,930.44 30,833.84 0.00 212.68 3.30 0.00 939.14 16.74 # Payments Received Electronic Non Electronic # Applications Received Electronic NonElectronic FTE Personnel Productivity Measures Loans Made/Applications Received 84.70% Average Number Loans Outstanding/FTE Personnel 141.63 Loans Made/FTE Personnel Non-Interest lncome/FTE Personnel Personnel Expense/FTE Personnel Average$ Volume Outstanding/FTE Personnel Item Costs Applications-Electronic Applications-Non Electronic 84.39% 137.26 54.58 47.35 $35,116 $36,825 $46,916 $45,283 $7,158,393 $7,276,360 $0.00 $0.00 $105.10 $112.14 Payments-Electronic $0.06 $0.06 Payments-Non Electronic $1 .68 $1.79 $105.06 $111.94 Loan Disbursement $43.58 $46.43 Loan Maintenance-Monthly $51.82 $55.21 Loan Set Up Average Costs To Make a Loan N/A Electronic N/A $253.54 $270.51 Electronic $51.75 $58.97 Non Electronic $53.50 $57.00 Non Electronic To Maintain a Loan-Monthly https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 21 Real Estate Loans - Item Costs 78 Institutions Assets up to $200 M Activity Applications-Electronic Applications-Nonelectronic Payments-Electronic Payments-Non Electronic Loan Set Up Loan Disbursement Loan Maintenance Activity Applications-Electronic Applications-Nonelectronic Payments-Electronic Payments-Non Electronic Loan Set Up Loan Disbursement Loan Maintenance-Monthly Direct Expense Net Indirect Expense Total Expense $0 $0 $0 $18,344 $33 $5,802 $15,510 $6,434 $217,574 $3,886 $7 $1,409 $3,298 $1,368 $51,566 $22,230 Direct Item Costs $0.00 $85.92 $0.04 $1.37 $85.79 $35.59 $42.31 Net Indirect $40 $7,211 $18,808 $7,802 $269,140 Item Costs $0.00 $19.19 $0.01 $0.31 $19.27 $8.00 $9.51 Total Item Costs $0.00 $105.10 $0.06 $1.68 $105.06 $43.58 $51.82 Net Indirect Expense Total Expense 14 Institutions Assets > $200 M Activity Applications-Electronic Applications-Nonelectronic Payments-Electronic Payments-Non Electronic Loan Set Up Loan Disbursement Loan Maintenance Activity Applications-Electronic Applications-Nonelectronic Payments-Electronic Payments-Non Electronic Loan Set Up Loan Disbursement Loan Maintenance-Monthly https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Direct Expense $0 $85,706 $130 $32,264 $69,253 $28,728 $1,130,221 Direct Item Costs $0.00 $93.64 $0.05 $1.49 $93.47 $38.77 $46.10 22 $0 $0 $16,663 $23 $6,402 $13,457 $5,582 $221,219 $102,369 $153 $38,666 $82,709 $34,310 $1,351,440 Net Indirect Total Item Costs $0.00 $112.14 $0.07 $1.79 $111.94 $46.43 $55.21 Item Costs $0.00 $18.50 $0.01 $0.29 $18.47 $7.66 $9.11 Installment Loans Summary INSTALLMENT LOANS The installment loan product-line analysis includes automobile loans, student loans, credit card loans, pre-authorized overdraft and check credit loans, other consumer loans, consumer lease financing receivables, purchased installment loans, overdrafts in consumer checking accounts, and commercial loans processed by installment loan staff. The income graphed below is shown before transfer pricing. Installment Loan Net Income (Before Transfer Pricing) 10.00 ~ 8.00 0 6.00 ::::, > 0 'Ea, ... (.) a, 0. 4.00 2.00 0.00 Assets up to $200 M Assets > $200 M Installment Loans - Non-Interest Income I Total Income (Before Transfer Pricing) 10.00 8.00 'EG) 6.00 (.) t 0. 4.00 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Assets > $200 M Assets up to $200 M 23 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis This page left intentionally blank. 24 Installment Loans Summary Dollars $ VOLUME OF OUTSTANDINGS 77 Institutions 16 Institutions Assets up to $200 M Assets > $200 M $6,512,178 $36,716,429 1,195 6,636 Average # Loans Outstanding Installment Loan Outstandings/Earning Assets 9.14% Interest Income -Cost of Funds (COF) Net Interest Income +Non-Interest Income Net Income Before Non-Interest Expense $622,443 $221.821 $400,622 $34,996 $435,619 10.02% $3,333,813 $1,378,306 $1,955,507 $139,840 $2,095,347 -Non-Interest Expenses Direct Expenses Salary Fringe Benefits Personnel Expense Vendor Data Processing Furniture & Equipment Printing, Postage, & Freight Telephone & Electronic Access Occupancy 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 $96,883 $24,739 $121,622 $354,397 $97,942 $452,339 $419 $20,163 $11,795 $3,513 $17,023 $2,960 $27,635 $205,129 $1,260 $87,398 $54,239 $16,451 $86,305 $17,785 $129.164 $844,941 $54,772 $200,397 $259,901 $1,045,338 $38,127 $137,591 $227,993 $822,017 $359,412 $2,200,322 Composition of Non-Interest Expenses Assets > $200 M Assets up to $200 M 47% Im Personnel l'El Personnel ■ □ Other Direct ■ Other Net Indirect □ Direct Net Indirect Personnel Expense $452,339 Other Direct Expenses $83,507 Other Direct Expenses $392,602 Net Indirect Expenses $54,772 Net Indirect Expenses $200,397 Personnel Expense https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis $121,622 25 Installment Loans Summary Percent of Installment Loan $ Volume $ VOLUME OF OUTSTANDINGS 77 Institutions 16 Institutions Assets up to $200 M Assets > $200 M $6,512,178 Interest Income -Cost of Funds (COF) Net Interest Income +Non-Interest Income Net Income Before Non-Interest Expense 9.56% 3.41% 6.15% 0.54% 6.69% $36,716,429 9.08% 3.75% 5.33% 0.38% 5.71% -Non-Interest Expenses Direct Expenses Salary Fringe Benefits Personnel Expense 1.49% 0.38% 1.87% 0.97% 0.27% 1.23% Vendor Data Processing Furniture & Equipment Printing, Postage, & Freight Telephone & Electronic Access Occupancy Credit Reports All Other Direct Expenses Total Direct Expenses 0.01% 0.31% 0.18% 0.05% 0.26% 0.05% 0.42% 3.15% 0.00% 0.24% 0.15% 0.04% 0.24% 0.05% 0.35% 2.30% Net Indirect Expenses Total Non-Interest Expense 0.84% 3.99% 0.55% 2.85% -Net Loan Losses Net Income 0.59% 0.62% 2.11% 2.24% Memo: Net Income Before COF 5.52% 5.99% Non-Interest Income/Total Direct Expenses 17.06% 16.55% Personnel Expense/Total Direct Expenses 59.29% 53.54% Net Indirect Expenses/Total Direct Expenses 26.70% 23.72% Pre-Tax Ratios https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 26 Installment Loan Information $ VOLUME OF OUTSTANDINGS Average # Loans Outstanding Average Size Loan # Loans Made # Loans Serviced # Payments Received Electronic Non Electronic # Applications Received Electronic Non Electronic FTE Personnel 77 Institutions 16 Institutions Assets up to $200 M Assets > $200 M $6,512,178 1,195 $5,451 $36,716,429 6,636 $5,533 659 1,186 2,166 6,925 1,805.35 11,224.11 11,242.76 48,642.71 0.00 764.71 2.77 0.00 3,658.69 11.75 Productivity Measures 431 .72 238.03 $12,646 $43,948 $2,353,173 Average Number Loans Outstanding/FTE Personnel Loans Made/FTE Personnel Non-Interest lncome/FTE Personnel Personnel Expense/FTE Personnel Average$ Volume Outstanding/FTE Personnel 564.91 184.38 $11,904 $38,505 $3,125,467 Item Costs Applications-Electronic Applications-Non Electronic Payments-Electronic Payments-Non Electronic Loan Set Up Loan Disbursement Loan Maintenance-Monthly $0.00 $39.73 $0.12 $2.41 $75.81 $12.43 $16.34 Average Costs To Make a Loan Electronic Non Electronic $0.00 $34.25 $0.11 $2.05 $65.37 $10.72 $11.65 N/A N/A $127.97 $110.34 $15.49 $18.92 $10.88 $13.34 To Maintain a Loan-Monthly Electronic Non Electronic https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 27 Installment Loans - Item Costs 77 Institutions Assets up to $200 M Activity Applications-Electronic Applications-Nonelectronic Payments-Electronic Payments-Non Electronic Loan Set Up Loan Disbursement Loan Maintenance Activity Applications-Electronic Applications-Nonelectronic Payments-Electronic Payments-Non Electronic Loan Set Up Loan Disbursement Loan Maintenance-Monthly Direct Expense Net Indirect Expense Total Expense $0 $0 $0 $18,438 $156 $16,154 $29,895 $4,903 $135,201 $4,769 $42 $4,387 $7,796 $1 ,279 $36,564 $23,207 $198 $20,541 $37,691 $6,182 $171,765 Direct Net Indirect Item Costs $0.00 $31.45 $0.10 $1.91 $60.01 $9.84 $12.93 Item Costs $0.00 $8.28 $0.03 $0.50 $15.80 $2.59 $3.41 Total Item Costs $0.00 $39.73 $0.12 $2.41 $75.81 $12.43 $16.34 16 Institutions Assets > $200 M Activity Applications-Electronic Applications-Nonelectronic Payments-Electronic Payments-Non Electronic Loan Set Up Loan Disbursement Loan Maintenance Activity Applications-Electronic Applications-Nonelectronic Payments-Electronic Payments-Non Electronic Loan Set Up Loan Disbursement Loan Maintenance-Monthly https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Direct Expense Net Indirect Expense $0 $0 $78,101 $744 $63,215 $86,955 $14,262 $640,267 $16,749 $123 $14,313 $19,090 $3,131 $156,806 Direct Net Indirect Item Costs $0.00 $29.14 $0.09 $1.75 $55.61 $9.12 $9.56 Item Costs $0.00 $5.11 $0.02 $0.31 $9.76 $1 .60 $2.08 28 Total Expense $0 $94,850 $867 $77,528 $106,045 $17,393 $797,072 Total Item Costs $0.00 $34.25 $0.11 $2.05 $65.37 $10.72 $11.65 Commercial Loans Summary COMMERCIAL LOAN The commercial loan product line includes agricultural loans, commercial and industrial loans, Small Business Administration loans, commercial lease financing receivables, loans purchased by the institutions but serviced by others, and non-pre-authorized overdrafts in commercial checking accounts. Commercial loans processed by installment loan staff are included with the installment loans. The income graphed below is shown before transfer pricing. Commercial Loans Net Income (Before Transfer Pricing) 10.00 0 G) E E Q) ::l ~o > 8.00 6.00 4.00 Q) D.. 2.00 0.00 - + ' - - - - - - - - - - . . . - : ; . . - - - , - - - -........- - - - - a : - - - - r Assets up to $200 M Assets > $200 M Commercial Loans - Non-Interest Income/ Total Income (Before Transfer Pricing) 5.00 4.00 i if 3.00 CJ 2.00 1.00 o.oo--- https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Assets up to $200 M Assets > $200 M 29 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis This page left intentionally blank. 30 Commercial Loans Summary Dollars $ VOLUME OF OUTSTANDINGS 75 Institutions 13 Institutions Assets up to $200 M Assets > $200 M $16,224,672 Average # Loans Outstanding $82,102,325 496 Commercial Loan Outstandings/Earning Assets 1,068 23.42% $1 ,493,900 $577.228 $916,672 Interest Income -Cost of Funds (COF) Net Interest Income +Non-Interest Income Net Income Before Non-Interest Expense 22.64% $7,366,025 $3.011,182 $4,354,844 $35,956 $164,645 $952,628 $4,519,489 -Non-Interest Expenses Direct Expenses Salary Fringe Benefits Personnel Expense $128,176 $34,030 $162,206 $545,243 $141,949 $687,192 Vendor Data Processing Furniture & Equipment Printing, Postage, & Freight Telephone & Electronic Access Occupancy Credit Reports All Other Direct Expenses Total Direct Expenses $23,964 $21 ,192 $11 ,677 $3,560 $17,743 $1 ,147 $30,974 $272,462 $74,425 $92,619 $54,358 $16,094 $91 ,372 $3,788 $120,502 $1,140,351 Net Indirect Expenses Total Non-Interest Expense $55,297 $327,759 $197,850 $1,338,201 -Net Loan Losses Net Income Memo: Net Income Before COF $57,109 $203,076 $567,761 $2,978,212 $1 ,144,989 $5,989,393 Composition of Non-Interest Expenses Assets up to $200 M Assets > $200 M 15% 17% Iii Personnel 49% ■ Other Direct mPersonnel 51% D Net Indirect Personnel Expense Other Direct Expenses Net Indirect Expenses https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis ■ Other □ Personnel Expense Other Direct Expenses Net Indirect Expenses $162,206 $110,256 $55,297 31 Direct Net Indirect $687,192 $453,159 $197,850 Commercial Loan Summary Percent of Commercial Loan $ Volume 75 Institutions 13 Institutions Assets up to $200 M Assets > $200 M $16,224,672 $ VOLUME OF OUTSTANDINGS $82,102,325 Interest Income 9.21% 8.97% -Cost of Funds (COF) Net Interest Income +Non-Interest Income Net Income Before Non-Interest Expense 3.56% 5.65% 0.22% 5.87% 3.67% 5.30% 0.20% 5.50% -Non-Interest Expenses Direct Expenses Salary Fringe Benefits Personnel Expense 0.79% 0.21% 1.00% 0.66% 0.17% 0.84% Vendor Data Processing Furniture & Equipment Printing, Postage, & Freight Telephone & Electronic Access Occupancy Credit Reports All Other Direct Expenses Total Direct Expenses 0.15% 0.13% 0.07% 0.02% 0.11% 0.01% 0.19% 1.68% 0.09% 0.11% 0.07% 0.02% 0.11% 0.00% 0.15% 1.39% Net Indirect Expenses Total Non-Interest Expense 0.34% 2.02% 0.24% 1.63% 0.35% 3.50% 0.25% 3.63% 7.06% 7.30% Non-Interest Income/Total Direct Expenses 13.20% 14.44% Personnel Expense/Total Direct Expenses 59.53% 60.26% Net Indirect Expenses/Total Direct Expenses 20.30% 17.35% -Net Loan Losses Net Income Memo: Net Income Before COF Pre-Tax Ratios https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 32 Commercial Loan Information $ VOLUME OF OUTSTANDINGS Average# Loans Outstanding Average Size Loan # Loans Made # Loans Serviced 75 Institutions 13 Institutions Assets up to $200 M Assets > $200 M $16,224,672 496 $40,402 $82,102,325 1,068 $79,405 401 490 721 1,068 366.21 3,188.71 491 .15 10,516.92 0.00 418.84 2.92 0.00 747.15 11.90 # Payments Received Electronic Non Electronic # Applications Received Electronic Non Electronic FTE Personnel Productivity Measures 169.49 137.11 $12,298 $55,479 $5,549,300 Average Number Loans Outstanding/FTE Personnel Loans Made/FTE Personnel Non-Interest lncome/FTE Personnel Personnel Expense/FTE Personnel Average $ Volume Outstanding/FTE Personnel Item Costs Applications-Electronic 89.79 60.60 $13,837 $57,751 $6,899,801 $0.00 $0.00 $317.25 $445.39 Payments-Electronic $0.02 $0.03 Payments-Non Electronic $2.40 $3.74 Loan Set Up $81.71 $114.72 Loan Disbursement $37.33 $52.41 Loan Maintenance-Monthly $57.42 $80.61 N/A $436.29 N/A $612.52 $58.87 $54.05 $96.02 $84.35 Applications-Non Electronic 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 33 Commercial Loans - Item Costs 75 Institutions Assets up to $200 M Activity Applications-Electronic Applications-Nonelectronic 1 Payments-Electronic P yments-NonElectronic L n Set Up L • n Disbursement l n Maintenance 1 Activity Applications-Electronic Applications-Nonelectronic Payments-Electronic Payments-Non Electronic Loan Set Up Loan Disbursement Loan Maintenance-Monthly Direct Expense $0 $61,791 $4 $5,252 $15,325 $7,002 $170,864 Net Indirect Expense $0 $13,398 $1 $1,092 $3,320 $1,517 $35,984 Direct Net Indirect Item Costs Item Costs $0.00 $56.75 $0.02 $0.42 $14.62 $6.68 $10.27 $0.00 $260.50 $0.02 $1.97 $67.09 $30.65 $47.15 Total Expense $0 $75,189 $5 $6,344 $18,645 $8,518 $206,849 Total Item Cost $0.00 $317.25 $0.02 $2.40 $81.71 $37.33 $57.42 13 Institutions Assets > $200 M Activity Applications-Electronic Applications-Nonelectronic Payments-Electronic Direct Expense $0 $231,652 Net Indirect Expense $0 $42,148 Total Expense $0 $273,800 $16 $3 Payments-Non Electronic $31,071 $5,183 $19 $36,254 Loan Set Up $54,996 $10,131 $65,127 Loan Disbursement $25,126 $4,629 $29,755 $768,581 $135,758 $904,338 Loan Maintenance Activity Applications-Electronic Applications-Nonelectronic Payments-Electronic Payments-Non Electronic Loan Set Up Loan Disbursement Loan Maintenance-Monthly https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Direct Net Indirect Item Costs Item Costs $0.00 $68.21 $0.00 $0.57 $17.57 $8.03 $12.34 $0.00 $377.18 $0.03 $3.17 $97.15 $44.38 $68.26 34 Total Item Cost $0.00 $445.39 $0.03 $3.74 $114.72 $52.41 $80.61 Demand Deposit Summary DEMAND DEPOSITS The demand deposit product line encompasses all demand and transaction accounts, including interest bearing checking, non-interest bearing checking, non-interest bearing escrow accounts, and outstanding official checks, travelers checks, and money orders. The expenses graphed below are shown before transfer pricing and include only direct interest and non-interest expenses. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Demand Deposit Net Income (Before Transfer Pricing) 0.00 -1.00 0 Cl) E E -2.00 Cl) ~ ::::, o -3.00 Cl)> c.. -4.00 -s.00-----------------------r Assets up to $200 M Assets > $200 M Demand Deposit - Income/ Total Expense (Before Transfer Pricing) 40.00 30.00 E B i 20.00 10.00 Assets up to $200 M Assets > $200 M 35 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis This page left intentionally blank. 36 Demand Deposit Summary Dollars $ VOLUME OF DEMAND DEPOSITS 78 Institutions 16 Institutions Assets up to $200 M Assets > $200 M $19,177,372 $76,565,702 Credit for Funding (CFF) - Interest Expense Net Interest Income + Non-Interest Income Service Charges Penalty Fees Other Total Non-Interest Income $276,601 $276,601 $0 $889,462 $889,462 $0 $132,396 $165,291 $19,918 $317,605 $508,179 $736,911 $105,633 $1,350,723 Net Income Before Non-Interest Expense $317,605 $1,350,723 $169,155 $800,557 -Non-Interest Expenses Direct Expenses Salary Fringe Benefits $42,698 $215 896 $211,854 $1,016,453 Vendor Data Processing $70,000 $219,894 Furniture & Equipment $60,294 $286,864 Printing, Postage, & Freight $35,541 $157,719 Telephone & Electronic Access $10,514 $51,177 Occupancy $53,426 $274,678 Personnel Expense FDIC Insurance $3,451 $15,239 $91,054 $452 874 Total Direct Expenses $536,134 $2,474,898 Net Indirect Expenses Total Non-Interest Expense $156,330 $692,465 $598,020 $3,072,917 Net Income ($374,859) ($1,722, 194) Memo: Net Income Before CFF ($651,461) ($2,611,655) All Other Direct Expenses* Composition of Non-Interest Expenses Assets > $200 M Assets up to $200 M □ Personnel □ Personnel ■ Other Direct □ Net Indirect ■ Other □ 46% Personnel Expense Other Direct Expenses Net Indirect Expenses Net Indirect 48% Personnel Expense Other Direct Expenses Net Indirect Expenses $211,854 $324,281 $156,330 *All Other Direct Expenses includes Return Item Expense. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Direct 37 $1,016,453 $1,458,445 $598,020 Demand Deposit Summary Percent of Demand Deposit $ Volume 78 Institutions 16 Institutions Assets up to $200 M Assets > $200 M $19,177,372 3,359 $ VOLUME OF DEMAND DEPOSITS Average Number of Accounts $76,565,702 13,539 Credit for Funding (CFF) -Interest Expense 1.44% 1.16% 1.16% Net Interest Income 0.00% 0.00% 0.69% 0.86% 0.10% 1.66% 0.66% 0.96% 0.14% 1.76% 1.66% 1.76% 0.88% 0.22% 1. 10% 1.05% 0.28% 1.33% All Other Direct Expenses* Total Direct Expenses 0.37% 0.31% 0.19% 0.05% 0.28% 0.02% 0.47% 2.80% 0.29% 0.37% 0.21% 0.07% 0.36% 0.02% 0.59% 3.23% Net Indirect Expenses Total Non-Interest Expense 0.82% 3.61% 0.78% 4.01% Net Income (1.95%) (2.25%) Memo: Net Income Before CFF (3.40%) (3.41%) Non-Interest Income/Total Direct Expenses 59.24% 54.58% Personnel Expense/Total Direct Expenses 39.52% 41.07% Net Indirect Expenses/Total Direct Expenses 29.16% 24.16% Number of Return Items (On-Us) Number of Return Items (Transit) 4,594 3,125 23,402 25,659 Number of Official Checks, Money Orders, etc., Issued 9,370 71,927 1.44% +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 FDIC Insurance Pre-Tax Ratios * All Other Direct Expenses includes Return Item Expense. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 38 Average Demand Deposit Account Profitability Analysis of Average Demand Deposit Account 78 Institutions 16 Institutions Assets up to $200 M Assets > $200 M Earnings Per Account Per Month $7.17 $7.17 $0.00 $5.76 $5.76 $0.00 +Non-Interest Income Service Charges Penalty Fees Other Total Non-Interest Income $3.20 $4.23 $0.54 $7.96 $3.29 $4.64 $0.61 $8.54 Net Income Before Non-Interest Expense $7.96 $8.54 Credit for Funding (CFF) -Interest Expense Net Interest Income -Activity Expenses* Deposits - Electronic Deposits - NonElectronic Withdrawals - Electronic Withdrawals - NonElectronic Transit Checks Deposited Transit Checks Cashed Accounts Opened Accounts Closed On-Us Checks Cashed Account Maintenance(Truncated) Account Maintenance(Non Truncated) $0.01 $0.60 $0.34 $3.24 $1.50 $0.30 $0.16 $0.05 $0.28 $1 .1 7 $5.73 Total Activity Expense -Net Indirect Expenses Net Income Memo: Net Income Before CFF *Excludes Official Checks. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 39 $13.40 $0.02 $0.60 $0.39 $3.47 $1 .74 $0.50 $0.12 $0.06 $0.50 $0.84 $7.71 $15.95 $3.88 $3.70 ($9.31) ($11.11) ($16.48) ($16.87) Demand Deposits Information $ VOLUME OF DEMAND DEPOSITS Average Number of Accounts Average Account$ Volume 78 Institutions 16 Institutions Assets up to $200 M Assets > $200 M $19,177,372 $76,565,702 3,359 $5,709 13,539 $5,655 1,575 # Accounts Truncated 5,662 # Deposits Electronic Non Electronic 60,435.50 193,526.41 134,035.11 458,939.55 # Withdrawals Electronic Non Electronic # Transit Checks Deposited 171,756.35 648,746.08 735,004.64 2,889,343.48 469,388.02 2,176,064.23 594 # Accounts Opened # Accounts Closed FTE Personnel Productivity Measures Deposits per Account per Month Withdrawals per Account per Month Transit Checks Deposited per Account per Month Average Number Accounts/FTE Personnel Account Opened/FTE Personnel Non-Interest lncome/FTE Personnel Personnel Expense/FTE Personnel Average $ Volume/FTE Personnel 1,608 8.67 38.14 4.82 22.49 11.64 387.57 68.58 $35,078 $24,444 $2,212,675 Item Costs* Deposits-Electronic Deposits-Non Electronic 2,411 436 4.02 21.78 13.39 354.95 63.22 $33,859 $26,649 $2,007,359 0.96 1.15 24.02 28.24 Withdrawals-Electronic 11.57 13.93 Withdrawals-Non Electronic 23.62 21.n Transit Check Deposited 17.27 20.31 Transit Check Cashed Account Opened 27.65 $10.21 32.52 $12.01 Account Closed On-Us Checks Cashed $6.13 26.03 $7.20 Account Maintenance(Truncated)-Monthly $2.66 $2.72 Account Maintenance(NonTruncated)-Monthly $9.73 $11.64 Offrcial Checks, Money Orders, etc. Issued $1.10 $1.30 * Item Costs are in cents unless a$ is shown. Also, Item Costs include direct and net indirect expenses https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 40 30.61 Demand Deposit - Item Costs 78 Institutions Assets up to $200 M Net Activity Deposit-Electronic Deposit-Non Electronic Direct Expense Indirect Expense Total Expense $434 $130 $564 $24,962 $7,433 $32,394 $14,594 $4,549 $19,143 $125,392 $39,713 $165,105 Transit Check Deposited $63,589 $18,681 $82,270 Transit Check Cashed $11,056 $3,804 $14,859 Account Opened $4,986 $1,455 $6,440 Account Closed $2,134 $646 $2,780 $10,072 $3,718 $13,789 Withdrawal-Electronic Withdrawal-Non Electronic On-Us Checks Cashed Account Maintenance (Truncated) Account Maintenance (NonTruncated) Official Checks, etc. Issued $41,180 $13,134 $54,314 $236,435 $72,594 $309,029 $7,806 $2,348 $10,154 78 Institutions Assets up to $200 M Activity Deposit-Electronic Direct Net Indirect Total Item Cost* Item Cost* Item Cost* 0.73 0.22 18.35 5.67 0.96 24.02 Deposit-Non Electronic Withdrawal-Electronic Withdrawal-Non Electronic 8.85 2.72 18.04 5.57 11.57 23.62 Transit Check Deposited 13.19 4.08 17.27 Transit Check Cashed 21 .12 6.53 27.65 Account Opened $7.80 $2.41 $10.21 Account Closed $4.68 $1.45 $6.13 On-Us Checks Cashed 19.89 6.14 26.03 Account Maintenance(Truncated)-Monthly $2.06 $0.60 $2.66 Account Maintenance(NonTruncated)-Monthly Official Checks, etc. Issued $7.41 $0.84 $2.32 $0.26 $9.73 $1 .10 • Item Costs are in cents unless a$ is shown. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 41 Demand Deposit - Item Costs 16 Institutions Assets > $200 M Net Activity Direct Exgense $1 ,572 Deposit-Electronic Indirect Exgense $368 Total Exgense $1,940 $113,213 Deposit-Non Electronic $90,072 $23,141 Withdrawal-Electronic $59,912 $14,303 $74,215 Withdrawal-Non Electronic $540,312 $138,571 $678,883 Transit Check Deposited $269,750 $71,406 $341,157 Transit Check Cashed $69,682 $17,483 $87,165 Account Opened $20,012 $4,944 $24,955 Account Closed $8,229 $2,005 $10,235 On-Us Checks Cashed $131,925 $41,803 $173,728 Account Maintenance (Truncated) $117,855 $39,537 $157,392 $1 ,205,515 $268,096 $1 ,473,611 $67,974 $18,204 $86,178 Item Cost* 0.91 Net Indirect Item Cost* 0.24 Total Item Cost* 22.34 5.90 28.24 Account Maintenance (NonTruncated) Official Checks, etc. Issued 16 Institutions Assets > $200 M Direct Activity Deposit-Electronic Deposit-Non Electronic 1.15 Withdrawal-Electronic 10.99 2.93 13.93 Withdrawal-Non Electronic 21.97 5.80 27.77 Transit Check Deposited 16.06 4.25 20.31 Transit Check Cashed 25.72 6.80 32.52 Account Opened Account Closed $9.50 $5.70 $12.01 $7.20 On-Us Checks Cashed Account Maintenance(Truncated)-Monthly $2.51 $1.50 6.40 $2.13 $2.72 $11.64 $1.30 24.21 Account Maintenance(NonTruncated)-Monthly $9.48 $0.59 $2.16 Official Checks, etc. Issued $1 .03 $0.27 * Item Costs are in cents unless a $ is shown. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 42 30.61 Savings Deposit Summary SAVINGS DEPOSITS The savings deposits product line includes all consumer and commercial savings, such as passbook accounts, club accounts, school savings accounts, and money market deposit accounts (MMDAs). The expenses graphed below are shown before transfer pricing and include only direct interest and non-interest expenses. Savings Deposit Net Income (Before Transfer Pricing) 0.00-1"--+---1.00 0 Cl) Cl) :::, c E ~ o Cl)> c. -2.00 -3.00 -4.00 -s.00-----------......------------r Assets > $200 M Assets up to $200 M Savings Deposits - Non-Interest Expense/ Total Expense (Before Transfer Pricing) 50.00 40.00 i:Cl) 30.00 (.) ~ C. 20.00 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Assets > $200 M Assets up to $200 M 43 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis This page left intentionally blank. 44 Savings Deposit Summary Dollars $ VOLUME OF SAVINGS DEPOSITS Credit for Funding (CFF) -Interest Expense Net Interest Income 74 Institutions 16 Institutions Assets up to $200 M Assets > $200 M $14,597,692 $64,438,263 $473,576 $473,576 $0 $1,970,019 $1,970,019 $0 $6,835 $4,957 $3,694 $15,486 $35,649 $0 ~ $35,649 $15,486 $35,649 +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 $55,716 $14,260 $69,976 $264,574 $73,611 $338,186 Vendor Data Processing $29,520 $92,878 Furniture & Equipment $19,888 $93,287 Printing, Postage, & Freight $11,552 $53,370 Telephone & Electronic Access Occupancy $3,507 $16,875 $17,829 $90,485 FDIC Insurance $2,821 $13,018 $27,288 $120,099 Total Direct Expenses $182,382 $818,198 Net Indirect Expenses Total Non-Interest Expense $52,840 $235,221 $210,771 $1,028,969 All Other Direct Expenses Net Income Memo: Net Income Before CFF ($219,735) ($993,320) ($693,311) ($2,963,338) Composition of Non-Interest Expenses Assets > $200 M Assets up to $200 M Ell Personnel ml Personnel ■ Other Direct ■ □ Net Indirect D Net Indirect 47% 48% Personnel Expense Other Direct Expenses Net Indirect Expenses https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Other Direct Personnel Expense Other Direct Expenses Net Indirect Expenses $69,976 $112,405 $52,840 45 $338,186 $480,012 $210,771 Savings Deposit Summary Percent of Savings Deposit $ Volume $ VOLUME OF SAVINGS DEPOSITS 74 Institutions 16 Institutions Assets up to $200 M Assets > $200 M $14,597,692 2,628 Average Number of Accounts Credit for Funding (CFF) -Interest Expense $64,438,263 10,493 3.24% 3.24% 0.00% 3.06% 3.06% 0.05% 0.03% 0.03% 0.11% 0.06% 0.00% 0.00% 0.06% 0.11% 0.06% 0.38% 0.10% 0.48% 0.41% 0.11% 0.52% Vendor Data Processing 0.20% 0.14% Furniture & Equipment 0.14% 0.14% Printing, Postage, & Freight 0.08% 0.08% Telephone & Electronic Access 0.02% 0.03% Occupancy 0.12% 0.14% FDIC Insurance 0.02% 0.02% All Other Direct Expenses Net Interest Income 0.00% +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 0.19% 0.19% Total Direct Expenses 1.25% 1.27% Net Indirect Expenses 0.36% 0.33% Total Non-Interest Expense 1.61% 1.60% Net Income (1.51%) (1.54%) Memo: Net Income Before CFF (4.75%) (4.60%) 8.49% 4.36% Personnel Expense/Total Direct Expenses 38.37% 41.33% Net Indirect Expenses/Total Direct Expenses 28.97% 25.76% Pre-Tax Ratios Non-Interest Income/Total Direct Expenses https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 46 Average Savings Deposit Account Profitability Analysis of Average Savings Deposit Account 74 Institutions 16 Institutions Assets up to $200 M Assets > $200 M Earnings Per Account Per Year 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 - Activity Expenses Deposits - Electronic Deposits - NonElectronic Withdrawals - Electronic Withdrawals - NonElectronic Transit Checks Deposited Accounts Opened Accounts Closed Account Maintenance Total Activity Expense -Net Indirect Expenses Net Income Memo: Net Income Before CFF https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis $0.00 $215.02 $215.02 $0.00 $3.92 $2.41 $1.04 $7.37 $3.51 $0.00 $0.00 $3.51 $7.37 $3.51 $0.07 $4.97 $0.51 $4.47 $13.68 $6.23 $2.64 $39.51 $72.05 $0.06 $4.80 $0.54 $5.35 $17.32 $5.11 $2.54 $44.29 $79.97 $21.99 $20.21 ($86.67) ($96.67) ($286.39) ($311.68) $199.72 $199.72 47 Savings Deposits Information 74 Institutions 16 Institutions Assets up to $200 M Assets > $200 M $14,597,692 2,628 $6,200 $ VOLUME OF SAVINGS DEPOSITS Average Number of Accounts Average Account $ Volume # Deposits Electronic Non Electronic # Withdrawals Electronic Non Electronic # Transit Checks Deposited # Accounts Opened # Accounts Closed FTE Personnel $64,438,263 10,493 $6,865 4,774.86 20,008.02 11,661.23 69,211.03 3,832.79 20,283.57 69,598.49 525 427 2.76 13,594.66 73,978.45 325,159.02 1,852 1,403 12.69 Productivity Measures Deposits per Account per Year 9.43 Withdrawals per Account per Year 9.18 8.35 26.48 30.99 Transit Checks Deposited per Account per Year Average Number Accounts/FTE Personnel 7.71 952.06 827.07 Account Opened/FTE Personnel Non-Interest lncome/FTE Personnel 190.17 146.00 $2,686 $2,774 Personnel Expense/FTE Personnel $25,351 $26,656 $5,288,501 $5,079,128 Average $ Volume/FTE Personnel Item Costs* Deposits-Electronic Deposits-Non Electronic Withdrawals-Electronic Withdrawals-Non Electronic Transit Check Deposited Account Opened Account Closed Account Maintenance-Annual 5.23 81.62 44.37 81.62 59.68 $35.29 $21.18 $51.67 * Item Costs are in cents unless a$ is shown. Also, Item Costs include direct and net indirect expenses https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 48 5.65 87.94 48.25 87.94 64.30 $38.03 $22.82 $55.67 Savings Deposit - Item Costs 74 Institutions Assets up to $200 M Activity Deposit-Electronic Deposit-Nonelectronic Withdrawal-Electronic Withdrawal-Non Electronic Transit Check Deposited Account Opened Account Closed Account Maintenance Activity Deposit-Electronic Deposit-Nonelectronic Withdrawal-Electronic Withdrawal-Non Electronic Transit Check Deposited Account Opened Account Closed Account Maintenance-Annual Direct Expense $181 $11,582 $1,197 $11,824 $30,073 $13,110 $6,619 $94,700 Direct Item Cost• 3.99 62.41 33.81 62.41 45.63 $26.99 $16.19 $39.51 Net Indirect Expense $52 $3,737 $323 $3,761 $8,936 $3,962 $1,968 $30,120 Net Indirect Item Cost• 1.26 19.21 10.56 19.21 14.04 $8.31 $4.98 $12.16 Total Expense $233 $15,319 $1,521 $15,585 $39,009 $17,071 $8,587 $124,821 Total Item Cost• 5.23 81.62 44.37 81 .62 59.68 $35.29 $21.18 $51.67 16 Institutions Assets > $200 M Activity Deposit-Electronic Deposit-Nonelectronic Withdrawal-Electronic Withdrawal-Non Electronic Transit Check Deposited Account Opened Account Closed Account Maintenance Activity Deposit-Electronic Deposit-Nonelectronic Withdrawal-Electronic Withdrawal-Non Electronic Transit Check Deposited Account Opened Account Closed Account Maintenance-Annual Direct Expense $462 $46,068 $4,809 $51,860 $146,438 $52,127 $22,867 $464,871 Direct Item Cost• 4.48 69.97 38.25 69.97 51.15 $30.25 $18.15 $44.29 * Item Costs are in cents unless a $ is shown. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 49 Net Indirect Expense $112 $12,277 $1,212 $13,283 $38,768 $13,966 $6,016 $125,220 Net Indirect Item Cost* 1.17 17.98 10.00 17.98 13.14 $7.77 $4.66 $11.38 Total Expense $574 $58,346 $6,021 $65,143 $185,206 $66,093 $28,882 $590,091 Total Item Cost• 5.65 87.94 48.25 87.94 64.30 $38.03 $22.82 $55.67 Time Deposit Summary TIME DEPOSITS The time deposits product line includes retirement accounts, certificates of deposit (CDs), interest bearing escrow accounts, and all other time deposit products. The expenses graphed below are shown before transfer pricing and include only direct interest and non-interest expenses. Time Deposit Net Income (Before Transfer Pricing) o 0.00 -1.00 -2.00 -3.00 -4.00 -5.00 -6.00 G) c: E G) ~ ::::, 0 if > -1.00~----------------------,' Assets up to $200 M Assets> $200 M Time Deposits - Non-Interest Expense/ Total Expense (Before Transfer Pricing) 10.00 8.00 ~ 6.00 (.) i a.. 4.00 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Assets up to $200 M Assets > $200 M 50 Time Deposit Summary Dollars $ 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 77 Institutions 14 Institutions Assets up to $200 M Assets > $200 M $32,844,764 $150,535,812 $1,779,345 $1,779,345 $0 $8,395,252 $8,395,252 $0 $6,488 $6,451 $1,107 $14,046 $0 $66,232 $14,046 $66,232 Net Income Before Non-Interest Expense iQ $66,232 -Non-Interest Expenses Direct Expenses Salary Fringe Benefits Personnel Expense Vendor Data Processing Furniture & Equipment Printing, Postage, & Freight $44,138 $10,905 $55,044 $175,066 $47,976 $223,042 $1,589 $4,518 $59,225 $11,663 $6,662 $2,076 $36,073 $10,881 Occupancy FDIC Insurance $10,733 $60,910 $6,577 All Other Direct Expenses $18,092 $32,286 $102,761 Total Direct Expenses $112,437 $529,696 Net Indirect Expenses Total Non-Interest Expense $30,337 $142,774 $144,437 $674,133 ($128,728) ($607,900) ($1 ,908,072) ($9,003,152) Telephone & Electronic Access Net Income Memo: Net Income Before CFF Composition of Non-Interest Expenses Assets up to $200 M Assets > $200 M □ Personnel Ell Personnel ■ Other Direct ■ Other □ Net Indirect □ Direct Net Indirect 46% Personnel Expense $55,044 Personnel Expense $223,042 Other Direct Expenses Net Indirect Expenses $57,393 $30,337 Other Direct Expenses Net Indirect Expenses $306,654 $144,437 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 51 Time Deposit Summary Percent of Time Deposit $ Volume $ VOLUME OF TIME DEPOSITS Average Number of Accounts 77 Institutions 14 Institutions Assets u~ to i200 M Assets > i200 M $32,844,764 2,056 Credit for Funding (CFF) Interest Expense 5.42% 5.42% 0.00% Net Interest Income $150,535,812 8,643 5.58% 5.58% 0.00% • "'4on-l nterest Income Service Charges 0.02% 0.02% 0.00% 0.04% 0.04% 0.00% 0.04% 0.04% 0.04% 0.13% 0.03% 0. 17% 0.12% 0.03% 0.15% All Other Direct Expenses Total Direct Expenses 0.00% 0.04% 0.02% 0.01% 0.03% 0.02% 0.06% 0.34% 0.00% 0.04% 0.02% 0.01% 0.04% 0.02% 0.07% 0.35% Net Indirect Expenses Total Non-Interest Expense 0.09% 0.43% 0.10% 0.45% Net Income (0.39%) (0.40%) Memo: Net Income Before CFF (5.81%) (5.98%) Non-Interest Income/Total Direct Expenses 12.49% 12.50% Personnel Expense/Total Direct Expenses 48.96% 42.11% Net Indirect Expenses/Total Direct Expenses 26.98% 27.27% Penalty Fees Other Total Non-Interest Income Net Income Before Non-Interest Expense 0.00% Non-Interest Expenses Direct Expenses Salary Fringe Benefits Personnel Expense Vendor Data Processing Furniture & Equipment Printing, Postage, & Freight Telephone & Electronic Access Occupancy FDIC Insurance Pre-Tax Ratios https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 52 Time Deposits Information n Institutions 14 Institutions Assets up to $200 M Assets > $200 M $32,844,764 2,056 $17,255 $ VOLUME OF TIME DEPOSITS Average Number of Accounts Average Account$ Volume # Deposits Electronic Non Electronic # Withdrawals Electronic Non Electronic # Accounts Opened # Accounts Closed FTE Personnel Productivity Measures Deposits per Account per Year Withdrawals per Account per Year Average Number Accounts/FTE Personnel Account Opened/FTE Personnel Non-Interest lncome/FTE Personnel Personnel Expense/FTE Personnel Average $ Volume/FTE Personnel $150,535,812 8,643 $18,537 725.16 1,173.82 2,696.95 12,668.10 134.13 873.43 647 617 1.72 1,679.04 8,016.83 2,635 2,574 7.75 0.92 0.49 1,198.06 376.82 $3,985 $32,070 $19,136,250 1.78 1.12 1,115.58 340.14 $8,906 $28,790 $19,431,139 Item Costs* Deposits-Electronic Deposits-Non Electronic Withdrawals-Electronic Withdrawals-Non Electronic $1 .70 $1.46 $35.01 $33.80 $5.31 $4.91 $16.20 $15.75 Account Opened $70.35 $62.02 Account Closed $41.17 $36.30 Account Maintenance-Annual $24.16 $21.30 * Item Costs are in cents unless a$ is shown. Also, Item Costs include direct and net indirect expenses. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 53 Time Deposit- Item Costs 77 Institutions Assets up to $200 M Activity Deposit-Electronic Direct Expense Withdrawal-Electronic Withdrawal-Non Electronic Account Opened Account Closed Account Maintenance $1,418 $22,924 $468 $9,205 $28,754 $15,681 $36,937 Activity Deposit-Electronic Direct Item Cost* $1 .32 Deposit-Nonelectronic Net Indirect Expense $346 $6,529 $147 $2,799 $7,575 $4,214 $9,779 Total Expense $1 ,763 $29,454 $615 $12,004 $36,328 $19,895 $46,717 Net Indirect Total Item Cost* $0.38 Item Cost* $1 .70 Deposit-Nonelectronic $27.50 $7.51 Withdrawal-Electronic $4.15 $1 .16 $5.31 $12.71 $3.49 $16.20 Account Opened $55.37 $14.97 $70.35 Account Closed $32.41 $8.76 $41 .17 Account Maintenance-Annual $19.01 $5.14 $24.16 Withdrawal-Non Electronic $35.01 14 Institutions Assets > $200 M Activity Deposit-Electronic Deposit-Nonelectronic Withdrawal-Electronic Withdrawal-Non Electronic Account Opened Account Closed Account Maintenance Activity Deposit-Electronic Direct Expense $871 $103,380 $2,419 $58,011 $142,656 $82,680 $151 ,795 Direct Item Cost* $1.12 Net Indirect Expense $174 $23,783 $571 $16,199 $40,695 $23,754 $42,543 Total Expense $1,045 $127,164 $2,989 $74,209 $183,351 $106,434 $194,338 Net Indirect Total Item Cost* $0.34 Item Cost* $1.46 Deposit-Nonelectronic $26.70 $7.10 Withdrawal-Electronic $3.77 $1.15 $4.91 $12.44 $3.31 $15.75 Account Opened $48.91 $13.12 $62.02 Account Closed $28.62 $7.68 $36.30 Account Maintenance-Annual $16.79 $4.50 $21.30 Withdrawal-Non Electronic * Item Costs are in cents unless a $ is shown. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 54 $33.80 Borrowings & Other Liabilities Summary BORROWINGS & OTHER LIABILITIES Borrowings and other liabilities includes accounts payable, capital notes and debentures outstandings, Fed funds purchased, TTL open note option account, loans and securities sold under repurchase agreement, due bills or similar obligations, and overdrafts in accounts at other institutions. The expenses graphed below are shown before transfer pricing and include only direct interest and non-interest expenses. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Borrowings & Other Liabilities - Non-Interest Expense/ Total Expense (Before Transfer Pricing) E a> ~ if 14.00 12.00 10.00 8.00 6.00 4.00 2.00 0.00 """""--------------.-:;_---.------'-----.-;_--.,r Assets up to $200 M Assets > $200 M 55 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis This page left intentionally blank. 56 Borrowings & Other Liabilities Summary Dollars $ VOLUME OF OUTSTANDINGS 78 Institutions 16 Institutions Assets up to $200 M Assets > $200 M $45,759,947 $3,181 ,209 $217,856 $217,856 $0 $2,468,623 $2,468,623 $0 $10,919 $2,891 $13,811 $12,978 $3,874 $16,853 Vendor Data Processing Furniture & Equipment Printing, Postage, & Freight Telephone & Electronic Access Occupancy All Other Direct Expenses Total Direct Expenses $7,002 $1 ,314 $855 $237 $1 ,258 $1 964 $26,439 $16,477 $1 ,928 $1 ,101 $341 $1 ,769 $2,233 $40,701 Net Indirect Expenses Total Non-Interest Expense $3,428 $29,867 $4,199 $44,900 ($29,867) ($44,900) ($247,724) ($2,513,523) Credit for Funding (CFF) -Interest Expense Net Interest Income -Non-Interest Expenses Direct Expenses Salary Fringe Benefits Personnel Expense Net Income Memo: Net Income Before CFF Composition of Non-Interest Expenses Assets > $200 M Assets up to $200 M 9% @ Personnel □ Personnel ■ Other Direct ■ Other Direct Net Indirect □ Net Indirect □ Personnel Expense $13,811 Personnel Expense Other Direct Expenses $12,628 Other Direct Expenses $16,853 $23,849 Net Indirect Expenses $3,428 Net Indirect Expenses $4,199 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 57 Borrowings & Other Liabilities Summary Percent of Borrowings and Other Liabilities $ Volume $ VOLUME OF OUTSTANDINGS 78 Institutions 16 Institutions Assets up to $200 M Assets > $200 M $3,181,209 Credit for Funding (CFF) -Interest Expense $45,759,947 6.85% 6.85% 0.00% 5.39% 5.39% Fringe Benefits Personnel Expense 0.34% 0.09% 0.43% 0.03% 0.01% 0.04% Vendor Data Processing Furniture & Equipment 0.22% 0.04% 0.04% 0.00% 0.03% 0.00% 0.01% 0.00% Net Interest Income 0.00% -Non-Interest Expenses Direct Expenses Salary Printing, Postage, & Freight Telephone & Electronic Access Occupancy 0.04% 0.00% All Other Direct Expenses 0.06% 0.00% Total Direct Expenses 0.83% 0.09% Net Indirect Expenses 0.11% 0.01% Total Non-Interest Expense 0.94% 0.10% (0.94%) (0.10%) (7.79%) (5.49%) Net Income Memo: Net Income Before CFF Pre-Tax Ratios Personnel Expense/Total Direct Expenses 52.24% 41 .41% Net Indirect Expenses/Total Direct Expenses 12.97% 10.32% 0.20 0.26 Borrowings and Other Liabilities FTE Personnel https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 58 Trust Summary TRUST SERVICES Trust services encompass all activities performed for customers involving investments, portfolio analysis, tax work, and other trust related services, and includes employee benefit trusts, employee benefit agencies, personal trusts, estates, and all other agencies. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Trust Services - Income I Account $5,000 $4,000 $3,000 $2,000 $1,000 $0 Emp Ben Emp Ben Trust Agney Persnl Trust fB Assets up to $200 M 59 Estates All Other ■ Assets > $200 M https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis This page left intentionally blank. 60 Trust Summary Dollars Market Value of Trust Assets Average Number of Accounts 22 Institutions 8 Institutions Assets up to $200 M Assets > $200 M $35,159,670 449 $227,446,750 382 $210,911 $735,439 $0 $0 ~ $210,911 ~ $735,439 + Non-Interest Income Commission & Fee Income Corporate Trust Income Other Fiduciary Income Net of Losses Net Income Before Non-Interest Expense -Non-Interest Expenses Direct Expenses Salary Fringe Benefits Personnel Expense $68,912 $18.198 $87,110 $295,962 $90,056 $386,017 Vendor Data Processing Furniture & Equipment Printing, Postage, & Freight Telephone & Electronic Access Occupancy All Other Direct Expenses Total Direct Expenses $30,148 $12,243 $6,512 $2,011 $10,824 $13,657 $162,504 $68,456 $59,201 $35,072 $9,973 $58,232 $91,853 $708,805 Net Indirect Expenses Total Non-Interest Expense $31,392 $193,895 $146,185 $854,990 $17,016 ($119,551) Net Income Memo: Gross Trust Income - 5 Year Average $123,895 $500,678 Composition of Non-Interest Expenses Assets up to $200 M Assets > $200 M ii Personnel ■ Other Direct □ Net Indirect 45% Im Personnel ■ Other Direct □ Net Indirect Personnel Expense $87,110 Personnel Expense $386,017 Other Direct Expenses Net Indirect Expenses $75,394 $31,392 Other Direct Expenses Net Indirect Expenses $322,788 $146,185 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 61 Trust Information Number of Accounts 8 Institutions Assets > $200 M 86 236 71 5 51 449 Employee Benefit Trust Employee Benefit Agencies Personal Trusts Estates All Other Agencies Total Discretionary Trust Assets Employee Benefit Trust Employee Benefit Agencies Personal Trusts Estates All Other Agencies Total Discretionary Trust Assets Non-Discretionary Trust Assets Employee Benefit Trusts Employee Benefit Agencies Personal Trusts Estates All Other Agencies Total Non-Discretionary Trust Assets Commission & Fee Income Employee Benefit Trusts Employee Benefit Agencies Personal Trusts Estates All Other Agencies Total Commission & Fee Income Productivity Measures Average Number Accounts/FTE Personnel Nery-Interest lncome/FTE Personnel Personnel Expense/FTE Personnel Trust FTE Personnel https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 22 Institutions Assets up to $200 M 62 81 15 149 18 ill 382 $1 ,877,256 $0 $8,955,623 $924,450 $5,274,799 $17,032,127 $13,795,750 $11,490,500 $60,427,125 $4,476,143 $46,839,000 $137,028,518 $8,941 ,728 $13,383,951 $2,998,246 $0 $19,044,932 $44,368,857 $18,716,750 $83,036,800 $910,667 $0 $40, 143,000 $142,807,217 $20,085 $58,971 $70,248 $4,660 $56,947 $210,911 $79,889 $65,343 $303,019 $69,385 $217,803 $735,439 246.74 $76,452.60 $47,838.62 53.23 $101 ,641.79 $53,819.08 1.82 7.17 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 rental, 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 $30.00 $20.00 $10.00 Assets up to $200 M Assets > $200 M Other Services - Percent of Safe Deposit Boxes Rented 80.00 E 60.00 ...8 40.00 0. 20.00 G) https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Assets up to $200 M Assets > $200 M 63 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis This page left intentionally blank. 64 Other Services Summary Dollars 74 Institutions 15 Institutions Assets up to $200 M Assets > $200 M Non-Interest Income Data Services for Customers Merchant Discount Safe Deposit Box Rental Other Services Total Non-Interest Income $8,826 $18,581 $12,877 $84,264 $124,548 $70,480 $97,602 $70,747 $338,058 $576,887 $60,913 $16,602 $77,515 $262,949 $72,486 $335,434 Vendor Data Processing Furniture & Equipment Printing, Postage, & Freight Telephone & Electronic Access Occupancy All Other Direct Expenses Total Direct Expenses $6,316 $15,002 $8,762 $2,332 $12,113 $20,541 $142,582 $54 $63,112 $32,205 $11 ,755 $58,518 $124,840 $625,918 Net Indirect Expenses Total Non-Interest Expense $36,522 $179,104 $133,024 $758,942 ($54,557) ($182,055) -Non-Interest Expenses Direct Expenses Salary Fringe Benefits Personnel Expense Net Income Composition of Non-Interest Expenses Assets up to $200 M 40% Personnel Expense Other Direct Expenses Net Indirect Expenses https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Assets > $200 M ED Personnel ED Personnel ■ Other Direct □ Net Indirect 44% Personnel Expense Other Direct Expenses Net Indirect Expenses $77,515 $60,031 $36,522 65 ■ Other Direct □ Net Indirect $335,434 $290,452 $133,024 Other Services Information Number of Customers Data Services for Customers Other Miscellaneous Services 15 Institutions Assets up to $200 M Assets > $200 M 262 1,314 Merchant Information Number of Merchant Applications Received Average Number of Merchants Serviced Number of Credit Card Sales Drafts Deposited by Merchants Total Credit Card Sales Draft Volume Average Size Sales Draft Merchant Discount/Sales Draft Volume 17 62 32,653 $2,949,860 $125.14 1.53% Safe Deposit Box Information Total Number of Safe Deposit Boxes Available Average Number of Safe Deposit Boxes Rented Average Income per Safe Deposit Box Rented 988 695 $18.53 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 74 Institutions 66 755 1,521 24 142 101 ,373 $8,612,019 $121.07 1.01% 4,739 2,655 $26.64 $42,830 $38,068 $55,508 $36,149 2.04 9.28 General Cost Center Information GENERAL COST CENTER The savings deposits product line includes all consumer and commercial savings, such as passbook accounts, club accounts, school savings accounts, and money market deposit accounts (MMDAs). The expenses graphed below are shown before transfer pricing and include only direct interest and non-interest expenses. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis General Cost Center - Personnel Expense/ Total Expense (Before Transfer Pricing) 80.00 E 8 ... 60.00 40.00 G> a. 20.00 Assets up to $200 M Assets > $200 M General Cost Center - Income I Expense (Before Transfer Pricing) 20.00 E 15.00 ...8 10.00 a. 5.00 11) Assets up to $200 M 67 Assets > $200 M https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis This page left intentionally blank. 68 General Cost Center Information 78 Institutions 16 Institutions Assets up to $200 M Assets > $200 M Salary Fringe Benefits Personnel Expense $263,435 $67,836 $331,271 $1 ,133,930 $318,139 $1,452,070 All Other Expenses* Total Expense $208,950 $540,221 $731,555 $2,183,625 -Income Net Expense** $75,483 $468,609 $375,941 $1,831,181 Distribution of General Cost Center Net Expense** Percent of Net Indirect Expenses Investments Real Estate Loans Installment Loans Commercial Loans Demand Deposits Savings Deposits Time Deposits Borrowings & Other Liabilities Trust Other Services 1.87% 12.46% 11.64% 12.71% 32.63% 11.45% 7.12% 1.08% 4.76% 8.21% 8.14 General Cost Center FTE Personnel *All Other Expenses include Professional Fees (Legal & Other) **General Cost Center Net Expense shown for each product as "Net Indirect Expenses". https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 69 1.07% 13.86% 9.62% 10.39% 32.05% 11.89% 8.32% 0.27% 6.46% 8.90% 34.98 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-LINE COMPARISONS INSTITUTION NAME CITY GRAND VALLEY NATIONAL BANK FIRST NATIONAL BANK@ STRATTON FARMERS STATE BANK FT MORGAN 1ST CHOICE BANK B GRAND JUNCTION STRATTON FORT MORGAN GREELEY FRONT RANGE BANK IOWA SAVINGS BANK IOWA TRUST AND SAVINGS BANK FARMERS STATE BANK FIRST COMMUNITY BANK TEMPLETON SAVINGS BANK LAKEWOOD CARROLL CENTERVILLE ALGONA NEWELL TEMPLETON WEST BURLINGTON BANK IOWA STATE BANK GRUNDY NATIONAL BANK IOWA STATE BANK FIRST NATIONAL BANK FARMERS STATE BANK COMMUNITY FIRST BANK FIRST STATE BANK CARROLL COUNTY STATE BANK CENTER POINT BANK & TRUST IOWA STATE SAVINGS BANK ALBANY BANK & TRUST CO. NA HERITAGE BANK FNB OF STEELEVILLE SOUTH SHORE BANK FARMERS STATE BANK OF SOMONAUK WEST BURLINGTON DES MOINES GRUNDY CENTER ALGONA AMES JESUP KEOSAUQUA BELMOND CARROLL CENTER POINT CRESTON CHICAGO CHICAGO HEIGHTS STEELEVILLE CHICAGO SOMONAUK BLOOMINGTON MACKINAW WALNUT CITIZENS SAVINGS BANK FIRST SECURITY BANK CITIZENS FIRST STATE BANK MIDAMERICA NATIONAL BANK TOWN &COUNTRY BANK-SPRINGFIELD OXFORD BANK & TRUST CANTON SPRINGFIELD ADDISON MORRIS MORTON GROVE DIETERICH ROCKFORD EARLVILLE OTTAWA GRUNDY COUNTY NATIONAL BANK FNB OF MORTON GROVE THE FIRST NAT BK OF DIETERICH ALPINE BANK NATIONAL BANK OF EARLVILLE FIRST NATIONAL BANK OF OTTAWA STATE co co co co co IA IA IA IA IA IA IA IA IA IA IA IA IA IA IA IA IL IL IL IL IL IL IL IL IL IL IL IL IL IL IL IL MOLINE GLEN ELLYN IL IL IL AMERICAN ENTERPRISE BANK BUFFALO GROVE IL COMMUNITY BANK OF RAVENWOOD CHICAGO IL QUAD CITY BANK & TRUST COMMUNITY BANK https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Appendix 1998 PARTICIPATING COMMERCIAL BANKS & THRIFTS IN THE CENTRAL REGION WITH PRODUCT-LINE COMPARISONS INSTITUTION NAME CITY THE HOLLAND NATIONAL BANK FARMERS AND MECHANICS FEDERAL THE FRIENDSHIP STATE BANK HENDRICKS COUNTY BANK & TRUST TERRE HAUTE FIRST NATIONAL BK MUTUAL FEDERAL SAVINGS BANK HOLLAND BLOOMFIELD FRIENDSHIP BROWNSBURG TERRE HAUTE MUNCIE WINSHESTER RUSSIAVILLE NORTH VERNON WINFIELD THE RANDOLPH COUNTY BANK CENTRAL BANK UNION BANK & TRUST CORNERBANK, NA PRATT STERLING WAMEGO TOPEKA MONTEZUMA ST. JOHN HAYS GREAT BEND IOLA HILL CITY LIBERAL RUSSELLVILLE HYDEN ELIZABETHTOWN CRESTVIEW HILLS ELIZABETHTOWN FIRST NATIONAL BANK OF PRATT ALDEN STATE BANK KAW VALLEY STATE BANK & TRUST COLUMBIAN BANK AND TRUST CO MONTEZUMA STATE BANK FIRST NATIONAL BANK & TRUST EMPRISE BANK N.A. COMMUNITY BANK OF THE MIDWEST IOLA BANK AND TRUST COMPANY FARMERS & MERCHANTS BANK THE COMMUNITY BANK SOUTHERN DEPOSIT BANK HYDEN CITIZENS BANK FIRST CITIZENS BANK PEOPLES BANK OF NORTHERN KY. KENTUCKY NATIONAL BANK HODGEBANK&TRUSTCOMPANY EXCHANGEBANK&TRUSTCOMPANY CHARTER BANK CSB BANK HILLSDALE COUNTY NATIONAL BANK PORT AUSTIN STATE BANK FARMERS STATE BANK OF ADAMS FIRST NATL BANK OF ELK RIVER HODGE NATCHITOCHES WYANDOTTE CAPAC HILLSDALE PORT AUSTIN ADAMS ELK RIVER VALLEY PARK SPRINGFIELD MERAMEC VALLEY BANK EMPIRE BANK WEST PLAINS BANK AND TRUST CO KEARNEY TRUST COMPANY THE STATE BANK OF DIXON WEST PLAINS KEARNEY DIXON BOWMAN FARGO DAKOTA WESTERN BANK UNION STATE BANK OF FARGO BANK CENTER FIRST https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis BISMARCK Appendix STATE IN IN IN IN IN IN IN IN IN KS KS KS KS KS KS KS KS KS KS KS KS KY KY KY KY KY LA LA Ml Ml Ml Ml MN MN MO MO MO MO MO ND ND ND 1998 PARTICIPATING COMMERCIAL BANKS & THRIFTS IN THE CENTRAL REGION WITH PRODUCT-LINE COMPARISONS STATE INSTITUTION NAME CITY FIRST NATIONAL BANK & TRUST CO COLUMBUS BANK AND TRUST CO. STATE BANK, BENKELMAN SPIRITBANK, NA THE EXCHANGE BANK AND TRUST CO MINDEN NE COLUMBUS BENKELMAN BRISTOW NE PERRY WOODWARD THE STOCK EXCHANGE BANK SUN BANK HORIZON CAPITAL BANK THE FNB OF KEMP FIRST STATE BANK, CLUTE TEXAS SUNRAY WEBSTER KEMP CLUTE FIRST SECURITY STATE BANK 1ST NATL BANK PORT LAVACA SECURITY STATE BANK TEXAS NATIONAL BANK COMMUNITY FIRST BANK MILTON SAVINGS BANK HARTFORD SAVINGS BANK THE BANK OF KAUKAUNA CRANFILLS GAP PORT LAVACA PECOS SWEETWATER BANK OF MONTICELLO BANK OF WISCONSIN DELLS COMMUNITY BANK SPRING GREEN SOUTHPORT BANK FIRST NATIONAL BANK OF WYOMING MONTICELLO WISCONSIN DELLS SPRING GREEN KENOSHA LARAMIE https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis BOSCOBEL MILTON HARTFORD KAUKAUNA Appendix NE OK OK OK TX TX TX TX TX TX TX TX WI WI WI WI WI WI WI WI WY https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis mlHHDIII~llfi 3 7401 00013 2289