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Size Equals Strength - Quarterly Banking Profile

Written by: Milton Joseph, Director of Modeling at VERIBANC, Inc.


PRLog (Press Release) - Dec. 11, 2013 - PROVIDENCE, R.I. -- The FDIC's recently released September 2013 (Quarterly Banking Profile) reveals an overall sound condition and continued financial improvement among the nation's Insured commercial and savings banks. For the quarter, the sector achieved a nearly 1.0% return on average assets, and, as of September 30th, the industry's Leverage (Core Capital) Ratio reached 9.4%. Nonperforming Assets-to-Assets fell to 1.8% at that date. At mid-year, comparable percentages were 9.3% and 1.9%, respectively.

Our asset size review indicates that small banks and thrifts, those with assets of less than $100 million, demonstrated particular strength. As of September 30th, that category of institution reported a Leverage Ratio of 11.7% and a Loss Reserve-to-Noncurrent Loan Ratio of 87.4%. Both percentages were the highest among any of the measured asset-size peer groups.

Interestingly, at September 30th, deposits held by FDIC-Insured institutions exceeded $11.0 trillion. Included in that total were deposits of close to $1.6 trillion that were higher than the FDIC's $250 thousand Insurance limit. Nearly all of the $1.6 trillion of Un-Insured deposits (91.6%) were held at large institutions with total assets greater than $10 billion. One might conclude that size does continue to equate to strength.

You can obtain the most recent quarter's data at, www.veribanc.com.

About VERIBANC, Inc: VERIBANC was established in 1981 and has a Rating’s Effectiveness of over 99%.  During its first year of operation, VERIBANC coined the Blue Ribbon Bank™ commendation of excellence - the country’s oldest and most prestigious form of national recognition by any independent analysis firm for financial safety and soundness.  In addition, VERIBANC has been the only rating agency whose assessments were used as the principal underwriting basis for issuing excess FDIC deposit insurance policies during 1993-2000.

VERIBANC has always remained 100% transparent since it’s inception by disclosing its rating model, track record, and no conflict of interest policy. It has stood by its policy and has never accepted payment from a bank to rate it.  Most importantly, it has been a key resource in helping depositors find a safe bank during some of histories most devastating banking crises, such as the mid 1980s, early 1990s, and 2000s crises.


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Contact Email:
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Source:VERIBANC, Inc.
City/Town:Providence - Rhode Island - United States
Industry:Banking, Finance
Tags:banking, Finance, personal finance, rating, economics
Last Updated:Dec 11, 2013
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