Bank Analysis

Gap and Earnings Sensitivity

Bank Financial Analysis

Graduate School of Banking @ LSURon BestProfessor of FinanceUniversity of West Georgia

Richards College of BusinessDepartment of Accounting and FinanceCarrollton, Georgia [email protected] reserved: Ron Best

My Website Contains Useful Informationhttp://www.westga.edu/~rbest/GSB.html

Information that will help you complete the home study problem

Information about accessing your banks UBPR

Spreadsheet template2OverviewFinancial Statements and Ratios

Decomposition of ROE

Bank Risk

Putting it all Together

Review3Financial IntermediationA banks primary purpose is financial intermediationAccept depositsUsually short-term in natureRelatively quick interest rate adjustments possibleMake loansVariety of maturitiesFixed and variable ratesMake money through an interest rate spread and by charging for services provided4The Goal of Bank ManagementWhat is the goal of bank management?Maximize the value of the bank

Asset Value/PricePresent value of expected future cash flowsBank management must determine the appropriate balance between risk and return Higher expected profitability often goes hand-in-hand with additional riskHigher profit does not always translate into higher value5Purpose of Financial AnalysisMeasure past performance

Determine starting point for planning

Estimate future performance (What-ifs?)

Set valuesPredict cashflowsDetermine risk6Why use ratios?Standardize numbers; facilitate comparisons

The most common comparison norms are: Past performanceOther banks (peer or target banks; industry (or peer group) average/median)

Look at trends over time (trend analysis) for clues to whether a banks financial condition is likely to improve or to deteriorate

7Warning!Be careful not to infer too much from a ratioChanges often affect multiple ratios differentlyAccounting discretion makes a differenceApproaches to loan loss expenses & write-offsCalculating ratios is mechanical and their relationships are often mechanical, but interpreting underlying causes is notRatios help you ask the right questions, but by themselves, they rarely give you all the answers

8CAMELSCapital AdequacyAsset QualityManagement QualityEarningsLiquiditySensitivity9Readily Available DataUniform Bank Performance Report (UBPR) - Federal Financial Institutions Examination Council (FFIEC)

Created for bank supervisory, examination, and management purposes

Bank's performance and balance-sheet compositionearnings, liquidity, capital, asset and liability management, and growth management

10Bank DataFFIEC: UBPRhttps://cdr.ffiec.gov/public/ManageFacsimiles.aspx

FDIC Statistics on Depository Institutionshttp://www2.fdic.gov/sdi/index.asp

11Financial StatementsBalance SheetAssets = Liabilities + EquityBalance sheet figures are calculated at a particular point in time

Income StatementNet Income = Revenues ExpensesIndicates results over a period of time

12Balance SheetCash & DFB

Investment Securities

Loans

Other Assets13DepositsNon-interest BearingInterest BearingPurchased LiabilitiesFed FundsReposOther S-T LiabLT Sub. DebtEquity Accounts

Bank AssetsCash and due from banksVault cash, deposits held at the Fed and other financial institutions, and cash items in the process of collectionInvestment SecuritiesBonds, notes, and other securities held to generate return and help meet liquidity needsLoansCommercial, consumer, RE, agricultural, etc.Generate most of interest income; highest default riskOther assets Bank premises and equipment, interest receivable, prepaid expenses, other real estate owned14Bank InvestmentsHeld-to-maturity securities recorded on the balance sheet at amortized costTrading account securities actively bought and sold marked to market on balance sheet and gains and losses reported on income statementAvailable-for-sale recorded at market value on balance sheet with a corresponding change to stockholders equity as value changes; no income statement impact

15Transaction AccountsNon-interest bearing demand deposits Regular checking accounts that pay no interestInterest bearingNegotiable orders of withdrawal (NOWs) and automatic transfers from savings (ATS) Pay interest rate set by bankMoney market deposit accounts (MMDAs) Pay market rates, but customer is allowed a limited number of checks or automatic transfers each month

16Savings and Time DepositsSavings and time deposits often represent the bulk of interest-bearing liabilitiesTwo general time deposits categories exist:Jumbo (negotiable) certificates of deposit (CDs)Time deposits in excess of $100,000Generally follow highest rateSmall retail CDsUnder $100,000Considered core deposits which tend to be stable deposits that are typically not withdrawn over short periods of time.

17Other BorrowingsPurchased liabilities (rate-sensitive): Federal Funds Purchased Repurchase agreementsOther borrowings less than one yearSubordinated notes and debentures:Notes and bonds with maturities over one yearGenerally, from least to most expensiveDemand deposits Savings depositsTime depositsPurchased liabilities

18Stockholders equityOwnership interest in the bank

Common and preferred stock listed at par

Surplus account represents the amount of proceeds received by the bank in excess of par when it issued the stock

Retained earnings equals accumulated net income not paid out as cash dividends

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Income StatementInterest Income- Interest Expense Net Interest Income- Provision for Loan Losses+ Noninterest Income- Noninterest Expense + Gains/Losses on Secs Pretax Earnings- Taxes Net income21Income Statement ItemsNet interest income is interest income minus interest expenseInterest income: interest income and fees earned on loans and leases, deposits held at other institutions, securities, fed funds soldInterest Expense: interest paid on deposits, fed funds purchased, Repos, other borrowings, and sub. notes and debenturesProvision for Loan LossesNoncash expense representing funds put aside to prepare for bad loans

22Noninterest incomeFiduciary activitiesManaging and protecting a customers propertyRecordkeeping for security transactionsManaging pension and retirement plansService chargesFees for maintenance, overdraft, stop paymentsOtherInvestment bankingVenture capital revenueInsurance commission fees

23Noninterest ExpensePersonnel expenseSalaries and benefits paid to bank employees Occupancy expenseRent and depreciation on equipment and premises, and Other operating expensesUtilities Deposit insurance premiums

Note: Burden =Non-interest expense minus non-interest income2425

Common Size Financial StatementsInitial comparison ratios

Balance sheets and income statements that display all items relative to a common base figure (such as total assets)

Allows quick identification of differencesOver TimeAcross BanksAcross Groups

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Income Statement and Balance SheetThe income statement represents the results over a period of time such as one yearThe balance sheet represents a point in timeUse average balance sheet values from corresponding dates of the income statementFor example:

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How Do We Measure Return?Return on EquityAmount of net income generated by each book value dollar of shareholder equity30

Return on AssetsAmount of net income generated by each book value dollar of assetsROE Example31

What would happen to ROE if year-end equity were used?

Note: The UBPR uses quarterly values to determine average values for many items.20102009Equity31543371Net Income 503 521Ratio Basics32

ROE increases:If NI increases faster than Equity increasesIf Equity decreases faster than NI decreases

ROE decreases:If NI decreases faster than Equity decreasesIf Equity increases faster than NI increasesReturn on Equity33EMAssetsEquityROANet IncomeAssetsXROENet IncomeEquityROE and ROA are related through degree of financial leverage (EM = Equity multiplier)

Strategic RelationshipHigher financial leverage (lower equity) increases ROE34Equity Equity Ratio Mult.Eq/TA TA/EqxROA =ROE5.00% 20.0x1.50% =30.0%6.00% 16.7x1.50% =25.0%7.00% 14.3x1.50% =21.4%8.00% 12.5x1.50% =18.8%

Camel Trail C (and L)Bankers recognize that using less capital magnifies earningsRegulators prefer more capital to ensure safety and soundness when unfavorable events occurNeed for Capital AdequacyIncreasing EM (decreasing capital) magnifies return but:Increases failure riskIncreases cost (availability) of uninsured fundsIncreases interest expense ..

35Capital RatiosEquity Ratio = equity/total assets

Risk-based capital requirements

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Texas Ratiovalue of the lender's non-performing assets (Non performing loans + Real Estate Owned) divided by the sum of its tangible common equity capital and loan loss reserves

ROE Breakdown Over Time37 Variable 201020092008

ROE8.02%7.69%7.52%

EM7.717.186.71

ROA1.04%1.07%1.12%

Analysis:What-If Analysis *****Ratios can be used to calculate what-ifsAll else equal, calculate the banks ROE if it had kept the same EM in 2010 as in 2009?

ROE = ROA X EMROE (act) = 1.04% X 7.71 = 8.02%ROE (est) = 1.04% X 7.18 = 7.47%

What cost was borne to produce the higher ROE? Was it desirable?

38ROE Breakdown Over Time39 Variable 201020092008

ROE7.52%7.69%8.02%

EM6.717.187.71

ROA1.12%1.07%1.04%

Analysis:ROE Breakdown Versus Peer Group40 Bank 201020092008 ROE8.02%7.69%7.52% EM7.717.186.71 ROA1.04%1.07%1.12% Peer Group 201020092008 ROE8.02%7.69%7.52% EM9.2148.3527.601 ROA0.87%0.92%0.99%ROE Breakdown Versus Peer Group41 Bank 201020092008 ROE8.02%7.69%7.52% EM7.717.186.71 ROA1.04%1.07%1.12% Peer Group 201020092008 ROE7.09%7.14%7.46% EM6.8816.7326.662 ROA1.03%1.06%1.12%Return on Assets42AURevenueAssetsPMNet IncomeRevenueXROANet IncomeAssetsROA is determined by the Profit Margin (PM) and Asset Utilization (AU)AU mix and yield on asset portfolio; generation of revenue given assetsPM effectiveness of expense managementROE BreakdownReturn on equity depends on Asset Utilization (AU) Profit Margin (PM) Equity Multiplier (EM)43ROExROAEMxAUPMxEMROE Breakdown Over Time44 Variable 2010 20092008

ROE8.02%7.69%7.52%

EM7.717.186.71 ROA1.04%1.07%1.12%

AU7.31%7.33%7.37% PM14.23%14.60%15.20%ROE Breakdown Over Time45 Variable 2010 20092008

ROE8.02%7.69%7.52%

EM7.717.186.71 ROA1.04%1.07%1.12%

AU6.85%7.00%7.37% PM15.18%15.29%15.20%ROA Breakdown Versus Peer Group46 Case 1 Bank PG ROA1.04%0.87% AU7.31%5.73% PM14.23%15.18% Case 2 Bank PG ROA1.04%0.87% AU7.31%7.55% PM14.23%11.52%What are different implications?Income StatementInterest Income- Interest Expense Net Interest Income- Provision for Loan Losses+ Noninterest Income- Noninterest Expense + Gains/Losses on Secs Pretax Earnings- Taxes Net income47RevenueExpenseNet Income=Asset Utilization48Int IncTAG/LTA++Non Int IncTAAUAU Breakdown Over Time49 Variable 2010 2009

AU7.31%7.33% II/TA5.79%6.06% Non II/TA1.52%1.27% GL/TA0.00%0.00%Real World:Why are banks worried about loss of fee income?Interest Income to Total Assets50Interest IncomeEarning AssetsEarning AssetsAssetsXInterest IncomeAssetsYield on Earning AssetsEarningsBaseAU Breakdown Over Time51 Variable 2010 2009

II/TA5.79%6.06% EA/TA90.14%88.72% II/EA6.42%6.83%More earning assets ---- more income

What impacts yield on EA?Yield on Earning Assets52where:yi = yield on asset i Ai = dollar amount of asset i

Interest Income53Asset $ i%=IncNon earning50x 0= 0Securities100x 3= 3Bus Loans200x 5=10Cons Loans200x 6=12Int Inc 25Int Inc/EA 5.0%EA/TA90.91%Int Inc/TA4.55%Composition Analysis: Rate Change54Asset $ i%Inc i+ Inc+Non earning50 0 0 0 0Securities100 3 3 4 4Bus Loans200 510 6 12Cons Loans200 612 8 16Int Inc 25$32Int Inc/EA 5.0%6.4%Int Inc/TA 4.55%5.82%Is the rate change good?Assets: Composition Change55Asset $ i%Inc NewInc Non earning50 0 0 50 0Securities100 3 3 100 3Bus Loans200 510 30015Cons Loans200 612 100 6Int Inc $25 $24Int Inc/EA 5.0% 4.8%Int Inc/TA 4.55% 4.36%Which is better?Assets: Rate and Composition Change56 New Change due to:Asset $ i%i% amtRateComp BothNon earn50 00 50 0 0 0Sec100 34 100+1 0 0B Loans200 56 300+2 +5 +1C Loans200 68 100+4 -6 -2 Int Inc $25 $30+7 -1 -1Int Inc/EA 5.0% 6.0%Int Inc/TA 4.55% 5.45%Notice the interaction effectChanging Interest Income to Total AssetsVolume of Earning AssetsEarnings base = EA / TAYield on Earning AssetsComposition of assets (mix)Size of holdings across and within major categoriesIndividual asset yields (average rate earned)Maturity/RepricingTiming Default riskPricing expertise57Camel Trail AHow can a bank increase rates across all categories of loans?Accept more risky loansWhat is the impact?

How can overall asset yield be increased without changing credit risk accepted for each type of asset?Increase amount of riskier assets (composition)What is the impact?58Non-Interest IncomeFee income measured relative to asset categories or number of employeesDeposit service charges to Deposits

Breakdown of categories to reveal results of focus areas59Non IITADep SvcTAFid FeesTA+=OtherTA+Gains/Losses on SecuritiesGains/Losses relative to level of securities and securities as percentage of assets

Further breakdowns by categoryImportance of potential gains/losses?

60G/LTASECTAG/LSECx=61

ROE BreakdownReturn on equity depends on Asset Utilization (AU) Profit Margin (PM) Equity Multiplier (EM)62ROExROAEMxAUPMxEMAlternative Version of Profit Margin63Net IncomeRevenueRevenueExpenseNI=Net IncomeRevenue=ExpenseRevenueSo 1=ExpenseRevenueRevenueRevenueAlternative Version of ROA64Asset UtilizationProfit MarginXRevenueAssetsX1ExpenseRevenue( )=Multiplying through we get:Total Exp RatioExpenseAssets=Asset UtilizationRevenueAssetsROAIncome StatementInterest Income- Interest Expense Net Interest Income- Provision for Loan Losses+ Noninterest Income- Noninterest Expense + Gains/Losses on Secs Pretax Earnings- Taxes Net income65RevenueExpenseNet Income=Total Expense Ratio Components66ExpenseAssets=IETAPLLTATAXTA Non IETAIE = Interest Expense

Non IE = Non-Interest Expense

PLL = Provision for Loan Losses

TAX = TaxesInterest Expense to Total Assets67Interest ExpenseInt Bearing LiabInt Bearing LiabAssetsXInterest ExpenseAssetsCost Rate on Int Bearing LiabInt Bearing Liab as % of AssetsInterest Expense to Assets68where:ci = cost rate on asset i Li = dollar amount of asset i

Liabilities: Rate Change69Liab $ i%Exp New i% New ExpDDAs100 0 0 0 0NOWs200 1 2 2 2MMDs100 2 2 3 3CDs100 3 3 5 5Int Exp$7$12Int Exp/IBL 1.75% 3.0%Int Exp/TA 1.27% 2.18%Equity = 50Liabilities: Composition Change70Liab $ i%ExpNew amt New ExpDDAs100 0 0 100 0NOWs200 1 2 100 2MMDs100 2 2 150 3CDs100 3 3 150 4.5Int Exp$7 $8.5Int Exp/IBL 1.74% 2.125%Int Exp/TA 1.27% 1.55%Equity = 50Liabilities: Rate and Composition Change71 New Change due to:Liab $ i%i% amtRateComp BothDDAs100 00 100 0 0 0NOWs200 12 100+2 -1 -1MMDs100 23 150+1 +1 +0.5CDs100 35 150+2 +1.5 +1 Int Exp $7 $14+5 +1.5 +0.5Int Exp/IBL 1.75% 3.5%Int Exp/TA 1.27% 2.55%Equity = 50Interest Expense to AssetsVolume of interest bearing liabilitiesCost rate on interest bearing liabilitiesComposition of liabilitiesSize of holdings across and within various types of liabilitiesCost per liability (average rate paid)Differences in risk premiumsTiming of borrowingMaturity of borrowingPricing expertise72Camel Trails L and SHow does current level of borrowing impact liquidity?

How does type of borrowing impact liquidity?

How do both impact sensitivity to market?

Asset quality and capital?73Non-Interest Expense74PersonnelTA# EmployeesTAPersonnel# Employeesx=OccupancyTA# BranchesTAOccupancy# Branchesx=If Personnel / TA is high, then: Personnel / # employees is high, and/or# Employees / TA is high

If Occupancy / TA is high, then: Occupancy / # Branches is high, and/or # Branches / TA is high

Composition effects may exist More deposits then more overheadNon Interest Expense75 Variable 2010 2009PG Non IE / TA3.33%3.22%3.29% Pers / TA1.79%1.75%1.65% Occup / TA0.36%0.39%0.46% Other / TA1.18%1.08%1.15%What goes in the other category?Provision for Loan LossesProvision for Loan LossesFunds put aside to prepare for bad loans

Large PLL / Loans may indicateNew risky loansOverall risk of loan portfolio (catch-up)Safety conscious management76PLLTALoansTAPLLLoansx=Provision for Loan Losses77 Variable 2010 2009PG

PLL / TA1.19%0.37%0.89%

PLL / Loans1.71%0.52%1.28% Loans / TA69.64%71.17%69.62%

Analysis:Camel Trail ALoss experienceGross losses, net losses, and recoveries to average total loans and leasesRecovery percentages and losses by loan type

Future expected/possible lossesNon-current, total past due, and restructured loans to total loansExamination by loan typeMarket

Bank preparationProvision for loan loss to average assets and loansAllowance for loan losses to net losses and total loansEarnings coverage of net loss

78TaxesIf Taxes/ TA is high, then:The tax rate may be highIncrease over time could indicate tax rate changes or different tax rate environmentsRevenue may be highGood by itselfTaxable income may be highLess use of tax advantaged assets79TAXTATaxable IncREVTAXTaxable Incx=REVTAx80

Components of ROA81Total Exp RatioExpenseAssets=Asset UtilizationRevenueAssetsROAInt IncTAG/LTA++Non Int IncTAAU=Int ExpTAPLLTATAXTA+++ Non Int ExpTAEXP=Alternative Breakdown of ROA82Net Interest Income = NII = Int Inc Int Exp

Burden = Non IE Non II(some analysts include G/L in Non-interest income) NIITAPLLTAG/LTATAXTA+ BurdenTAROA=Decomposition of ROE83ROExROAEMxAUPMNIITAPLLTAG/LTATAXTA+ BurdenTAAUTot ExpNet Interest Income to TA Breakdown84NIIEarning AssetsNet Interest MarginInt IncEAInt ExpEANIITAEATAxEarningsBaseNet Int Income = Interest Income Interest ExpenseNet Interest Margin=Net Interest Income to TA Breakdown85Int IncEAInt ExpIBLNIITAYield on Earning AssetsCost Rate on Interest Bearing Liabilities(EATAx)(IBLTAx)Net Interest Margin and SpreadSpread and NIM are important in evaluating a banks ability to manage interest rate riskAs rates change, interest income and expense changeVariation in NIM and Spread indicate whether a bank positioned itself to handle rate changesExpected changes in NIM and Spread are examined to access a banks exposure to interest rate riskGAP and Earnings Sensitivity Analysis86Int IncEAInt ExpIBL=SpreadNet Interest MarginInt IncEAInt ExpEA=Efficiency RatioMeasures ability to control Non-Int ExpIndicates how much non-interest expense a bank has per dollar of operating incomeThe smaller the efficiency ratio, the more profitable the bank, all other factors equalMany analysts consider below 55% as good on average87Non Int ExpNII + Non Int IncEfficiencyRatio=Putting It All TogetherRatios help you identify differences, examine their origin, and ask the right questions to determine if there is a problem

Analysis: Move from general to specific ROE is low Why?Profit Margin is low Why?Interest Expense/TA is high Why?Is this a problem that needs to be corrected?Can go in opposite direction for forecasts88Peer and Trend ComparisonsCompare your ratios to those of your peersMake sure you choose your peers carefully to get a meaningful comparisonBe aware of differences in strategies that result in differences between you and your peersCompare your ratios this period to those for previous periodsHow and why did ratios change? Be aware of changes in strategy over time

89Avoiding ProblemsMake decisions with goals in mindBudgeting and planning built around model Short- and long-term objectives Short- and long-term strategies Respond to changes to create flexible strategiesQuantify goals and examine resultsRatios can help give a quick summary of expected performanceAre you headed in the direction you want?

90Actual vs. Forecast/BudgetCompare actual ratios to forecasted figuresAre we doing what we thought we would?Why are there deviations?Are changes necessary?Provides a control mechanism (and reality check) that increases accountabilityDo not look at any ratio in isolationChange may solve one problem, but create another or not be consistent with overall strategyConsider interrelationships

91RelationshipsSuppose IE/TA is high

Heavier focus on acquiring demand and savings deposits may help lower IE

However, additional processing costs and demands on employees may increase non-interest expense

Which approach is less expensive?92Financial Statement ShortcomingsOff-balance sheet activitiesDerivative contracts may have massive notional values that are not reflected in traditional measuresWindow dressingTiming of asset/liability adjustments may impact reported numbersAccounting DifferencesLeeway in accounting reporting rules often make comparisons difficult93Risk ConsiderationsDo not forget risk!

Many times it is not difficult to increase expected return.

However, the additional return may come at the cost of added risk.

Is the risk-return tradeoff reasonable?

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Review Questions A banks primary purpose is:a. financial intermediationb. investment bankingc. insurance salesd. derivative trading110Review Questions Which of the following are found on a typical banks balance sheet?a. net interest incomeb. net non-interest incomec. allowance for loan lossesd. investment securities111Review QuestionsWhich of the following are not found on a typical banks balance sheet?a. cash and due from banksb. fed funds sold or purchasedc. non-interest expensed. deposits112Review QuestionsWhich of the following is the best description of a banks balance sheet?a. Cash & DFB + Securities + Loans + Other Assets = Deposits + Purchased Liabilities + LT Debt + Equityb. Cash & DFB + Loans = Deposits + Equityc. Cash & DFB + Securities + Loans + Deposits + Other Assets = Purchased Liabilities + LT Debt + Equityd. Cash & DFB + LT Debt + Securities + Loans + Other Assets = Deposits + Purchased Liabilities + Equity113Review QuestionsWhich of the following are found on a typical banks income statement?a. cash and due from banksb. fed fundsc. provision for loan lossesd. deposits114Review QuestionsWhich of the following are found on a typical banks income statement?a. interest incomeb. non-interest expensec. provision for loan lossesd. all of the above115Review QuestionsWhich of the following is the best description of a banks net income from its income statement?a. interest income + non-interest income provision for loan losses + gains/losses on securities taxes b. interest income non-interest expense provision for loan losses + gains/losses on securities taxesc. interest income + burden provision for loan losses + gains/losses on securities taxesd. net interest income burden provision for loan losses + gains/losses on securities taxes116Review QuestionsNet interest income is calculated as:a. noninterest income minus noninterest expenseb. interest income minus interest expense minus provision for loan lossesc. interest income minus interest expense minus taxesd. none of the above117Review QuestionsThe provision for loan losses:a. is the account on the balance sheet indicating the total funds available to cover bad loansb. is the noncash expense on the income statement representing funds put aside during the period to prepare for bad loansc. is the entry on the income statement that indicates the realized gains and losses on securitiesd. is the account on the balance sheet that indicates the change in equity due to unrealized gains and losses on securities118Review QuestionsWhat is the purpose of financial analysis?a. measure past performanceb. determine the starting point for planning and estimate future performancec. set valuesd. all of the above119Review QuestionsWhy do we use financial ratios to analyze bank performance?a. because financial ratios always tell the whole story of performanceb. because financial statement data can never be trustedc. to standardize numbers and facilitate comparison

d. because financial ratios can be individually analyzed without considering their relationship to other ratios120Review QuestionsThe most common comparison norms for financial ratios include:a. past performance of the bankb. other peer banksc. both a and bd. none of the above121Review QuestionsA banks return on equity may be calculated using its return on assets if we also know the banks:a. profit marginb. asset utilizationc. equity multiplier or equity ratiod. total expense ratio122Review QuestionsA bank's equity multiplier reflects:a. managements effectiveness in generating revenueb. managements effectiveness in controlling expensesc. the banks degree of financial leveraged. none of the above123Review Questions 201020092008ROE8.02%7.69%7.52%EM7.717.186.71ROA1.04%1.07%1.12%The primary reason the banks return on equity increased was that:a. the bank increased its income per dollar of assetsb. the bank decreased its income per dollar of assetsc. the bank increased its level of equity as a percentage of total assetsd. the bank decreased its level of equity as a percentage of total assets124Review QuestionsA bank's asset-utilization ratio primarily reflects:a. the mix and yield on the bank's portfolio of assetsb. the mix and cost of the bank's source of liabilitiesc. the degree of operating risk the bank assumesd. the mix of debt and equity (equity multiplier) the bank chooses125Review QuestionsA bank's profit margin primarily reflects:a. managements effectiveness in generating revenueb. managements effectiveness in controlling expensesc. the banks degree of financial leveraged. none of the above126Review QuestionsOther things constant, if the bank increases its level of liabilities, its equity multiplier will:a. increaseb. decreasec. remain constantd. cannot be determined with given information

127Review QuestionsOther things constant, if the bank increases its level of liabilities, its ROE will:a. increaseb. decreasec. remain constantd. cannot be determined with given information128Review Questions129Assets divided by EquityReturn on Assets0.5%1.0%1.5%5.0%10.0%15.0%7.5%15.0%22.5%10.0%20.0%30.0%10:115:120:1Return on EquityFill in the missing ROEs.Review QuestionsSuppose Net Income increases by 10% and Average Equity increases by 15%. Will ROE:a. increaseb. decreasec. remain unchangedd. cannot be determined with the given information130Review QuestionsSuppose that from last year to this year, Net Income for your bank increases by 20% and Average Equity increases by 15%. How will ROE change?a. ROE will increaseb. ROE will decreasec. ROE will not changed. You cannot determine how ROE will change based on this information131Review QuestionsBank A has a Profit Margin of 15% and Asset Utilization of 10%. Bank B has a Profit Margin of 12% and Asset Utilization of 12%. Which bank has the higher ROA?a. Bank Ab. Bank Bc. The ROAs for the two banks are identicald. You cannot determine ROA based on the given information132Review QuestionsWhich of the following would be explanations for why the banks ROE declined from 2007 to 2008?20082007ROE18.101%18.333%ROA1.756%1.601%EM10.30811.453AU0.09600.0931PM18.292%17.200%a. the banks management generated less revenue per dollar of assetsb. the banks management did a poorer job of controlling expensesc. the banks management used less financial leveraged. all of the above are at least partial explanations of the decline in ROE133Review QuestionsWhich of the following would help explain why the banks ROA increased from 2007 to 2008?20082007ROE18.101%18.333%ROA1.756%1.601%EM10.30811.453AU0.09600.0931PM18.292%17.200%a. management generated more revenue per dollar of assetsb. management did a better job of controlling expensesc. management used less financial leveraged. a and b, but not c, help explain the increase in ROA134Review QuestionsHolding all else constant, if a firm changes its mix of demand deposit accounts and NOW Accounts, this action will affect the:a. yield on earning assetsb. earnings basec. cost rate on interest bearing liabilitiesd. equity multiplier135Review QuestionsIf a bank's yield on earning assets falls, one can conclude that it pays too much for deposits.TrueFalse136Review QuestionsIf we know that a banks yield on earning assets has increased, we also know its net interest margin has increased.TrueFalse137Review QuestionsCalculate the banks ROA.NII/TA4.982%Burden/TA2.014%PLL/TA0.121%GL/TA0.030%TAX/TA0.442%

a. 2.678%b. 2.436%c. 2.376%d. 3.561%138Review QuestionsSuppose that a bank that has more stored liquidity (cash and marketable securities) than its peers, but that it is basically identical to its peers in all other ways. This bank would likely find that relative to its peers:a. yield on earning assets is low.b. cost rate on interest bearing liabilities is low.c. yield on earning assets is high.d. cost rate on interest bearing liabilities is high.139Review QuestionsA banks yield on earnings assets may be impacted by:a. changes in asset yieldsb. changes in the relative mix of assetsc. both a and bd. neither a nor b140Review QuestionsA banks cost rate on interest bearing liabilities is directly impacted by:a. changes in asset yieldsb. changes in the relative mix of assetsc. both a and bd. neither a nor b141Review QuestionsBurden measures:a. the difference between interest income and interest expenseb. the difference between non-interest expense and non-interest incomec. gains/losses on securitiesd. taxes paid by the bank142Review QuestionsA possible explanation for why a banks burden ratio may be higher than its peers is:a. the ratio of its personnel expense to total assets is higher than its peersb. the ratio of its occupancy expense to total asset is lower than its peersc. both a and b are possible explanationsd. neither a nor b are possible explanations143Review QuestionsFinancial ratios may not tell the whole story about performance because of:a. off-balance sheet activitiesb. window dressingc. accounting differencesd. all of the above144All BSFDIC - Statistics on Depository Institutions ReportAll Commercial Banks - NationalAll Commercial Banks - NationalAll Commercial Banks - NationalAll Commercial Banks - NationalAll Commercial Banks - NationalAll Commercial Banks - NationalAll Commercial Banks - NationalAll Commercial Banks - NationalAll Commercial Banks - NationalAll Commercial Banks - NationalAll Commercial Banks - NationalAll Commercial Banks - NationalAll Commercial Banks - NationalAll Commercial Banks - NationalAll Commercial Banks - NationalAll Commercial Banks - NationalAll Commercial Banks - NationalAll Commercial Banks - NationalAll Commercial Banks - National12/31/9212/31/9312/31/9412/31/9512/31/9612/31/9712/31/9812/31/9912/31/0012/31/0112/31/0212/31/0312/31/0412/31/0512/31/0612/31/0712/31/0812/31/0912/31/10$ in 000's$ in 000's$ in 000's$ in 000's$ in 000's$ in 000's$ in 000's$ in 000's$ in 000's$ in 000's$ in 000's$ in 000's$ in 000's$ in 000's$ in 000's$ in 000's$ in 000's$ in 000's$ in 000'sTotal (Sum) Total (Sum) Total (Sum) Total (Sum) Total (Sum) Total (Sum) Total (Sum) Total (Sum) Total (Sum) Total (Sum) Total (Sum) Total (Sum) Total (Sum) Total (Sum) Total (Sum) Total (Sum) Total (Sum) Total (Sum) Total (Sum) 1Number of institutions reporting1146310959104529941952891438774858083158080788877707631752674017283708668396529 Assets and Liabilities 2Total employees (full-time equivalent) 1,478,3731,494,0061,489,7631,485,1851,490,3061,539,6341,627,0181,657,6281,670,7581,701,7211,745,6201,759,5481,815,0401,868,1011,941,5411,957,0821,945,6591,891,5991,919,4113Total assets 3,506,170,9313,707,088,2844,012,106,7924,315,175,0174,582,164,8045,018,532,2505,442,603,9695,735,134,5976,245,559,7326,552,293,8467,076,911,8607,601,544,8368,415,614,7969,041,339,29910,091,959,19511,175,989,43812,308,837,05211,823,028,75612,067,603,0094Cash and due from depository institutions 298,082,527272,978,552303,577,245306,544,661336,052,043355,148,599356,703,083366,455,687369,930,621390,340,367383,845,820387,437,399387,555,301400,266,590432,960,903482,161,8611,041,800,113976,562,958923,099,0435Interest-bearing balances 98,493,27884,140,88294,492,61579,120,34794,805,726116,362,372110,939,671125,203,359105,157,175122,762,697119,070,487127,919,137153,885,668123,661,639154,213,191192,590,786779,883,680764,499,948738,014,4796Securities 772,940,694836,712,044823,027,624810,876,720800,655,825871,879,302979,867,0181,046,536,0031,078,984,6241,172,539,5071,334,727,4521,456,248,3881,551,101,1041,572,201,6671,666,204,3711,590,801,9251,746,323,7872,199,619,8072,351,640,1867Federal funds sold & reverse repurchase agreements 158,429,806150,700,336149,112,449180,844,216163,982,696261,770,902278,290,015226,304,587280,155,046317,634,816312,062,880331,868,267385,239,490443,397,239529,562,658646,116,706688,071,175401,755,572454,355,3468Net loans & leases 1,977,974,7232,097,852,6202,307,595,9912,552,508,1592,761,443,7922,919,558,6983,179,386,2873,430,346,1663,751,377,3373,812,055,1084,079,267,0034,351,822,6584,832,865,5175,313,379,3795,912,752,6356,537,181,6556,681,740,7746,281,436,0286,377,758,8369Loan loss allowance 54,518,80252,805,29652,216,77752,966,10053,646,56154,896,84857,255,22858,746,30164,120,43172,273,34776,982,95077,124,19173,496,03468,730,81769,059,83989,178,677156,657,177213,689,723217,326,39210Trading account assets 80,540,351122,294,539193,938,498217,178,808240,787,123296,757,562285,617,572257,275,164303,947,341302,899,238397,134,577448,569,375504,289,109499,117,537619,560,555867,560,017939,848,184706,364,203721,289,15111Bank premises and fixed assets 53,104,07855,528,29458,922,25161,424,91964,613,24767,182,31371,310,53073,743,17175,793,54076,643,93579,234,72083,391,96486,799,33691,725,35296,829,468105,021,356109,679,449110,514,258110,670,22112Other real estate owned 26,377,35416,784,09010,176,5286,644,1565,451,3594,454,4943,655,8293,074,5503,209,5093,829,5834,430,8084,530,7173,852,7094,026,1075,467,1719,791,86022,914,39235,830,79746,807,25713Goodwill and other intangibles 15,558,84118,056,72524,008,98330,219,35144,721,42761,690,09180,221,53298,067,230103,803,239120,143,368124,850,466158,174,341275,726,003302,891,742358,512,075423,215,986392,526,412386,806,460373,300,26014All other assets 123,162,568136,181,090141,747,213148,934,029164,457,301180,090,296207,552,104233,332,058278,358,478356,207,938361,358,124379,501,717388,186,243414,333,686470,109,359514,138,072685,932,766724,138,672708,682,70915Life insurance assets N/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/A93,372,585104,273,533110,726,122111,477,690115,960,77716Total liabilities and capital 3,506,170,9313,707,088,2844,012,106,7924,315,175,0184,582,164,8045,018,532,2515,442,603,9695,735,134,5996,245,559,7326,552,293,8467,076,911,8597,601,544,8368,415,614,7959,041,339,27510,091,959,15611,175,989,43512,308,837,02811,823,028,73112,067,602,98917Total liabilities 3,242,703,6153,410,484,0623,699,880,6723,965,381,5514,206,578,4514,600,486,9334,980,372,9485,255,444,6415,715,203,8795,958,699,0096,429,516,4836,909,649,6647,565,429,9738,129,010,0469,062,028,83610,033,131,45511,154,663,44610,514,450,06310,701,421,00418Total deposits 2,698,681,8842,754,329,5682,874,439,2963,027,575,6833,197,138,5583,421,663,5243,681,390,7273,831,058,4634,179,567,4864,377,557,7314,689,846,7165,035,052,2645,593,174,7256,073,133,9046,731,411,2737,309,831,3078,082,183,7188,333,137,4068,514,286,05219Interest-bearing deposits 2,157,924,3392,182,232,8692,301,978,7222,415,588,5202,532,877,9202,744,883,5032,961,347,5663,127,705,3043,423,073,0693,505,775,8873,749,592,2504,043,616,1974,488,652,4354,868,920,3695,514,823,9866,108,480,5416,651,750,3366,766,094,9566,792,701,44320Deposits held in domestic offices 2,411,882,4132,424,332,9722,442,524,0482,573,481,6802,723,558,3432,895,468,8113,109,356,8673,175,469,3233,472,901,1173,748,041,8604,031,809,4724,293,881,0374,727,282,7635,152,501,9595,537,807,3275,807,770,0316,543,096,9206,803,263,6656,964,670,98621% insured N/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/A53.55%59.27%22Federal funds purchased & repurchase agreements 252,375,949274,668,680312,509,513326,506,357317,888,304416,054,852436,490,992445,313,598475,364,452503,063,005571,662,476527,880,646577,571,016667,577,176719,361,004765,572,423803,925,770551,075,380528,389,89323Trading liabilities N/AN/A118,763,519143,160,946150,539,459206,191,936209,814,195186,871,355211,680,216183,300,254244,098,599274,308,503280,474,394251,708,882266,347,072342,667,389469,787,117253,250,729288,052,92324Other borrowed funds 154,719,019223,996,554251,164,686302,707,209363,727,224358,386,243416,696,673555,339,180571,909,047568,452,167599,527,333733,017,379738,096,866757,000,793870,252,6311,114,940,9201,275,167,890931,455,999919,267,07825Subordinated debt 33,730,90337,371,66540,755,56443,535,53251,167,33562,014,91472,784,92076,449,76287,042,96595,313,36394,744,141100,759,313110,137,664122,236,763149,794,691174,904,850182,982,399154,663,107144,822,76726All other liabilities 103,195,871120,117,585102,248,091121,895,817126,117,570136,175,465163,195,428160,412,283189,639,711231,012,487229,637,222238,631,562265,975,309257,352,528324,862,165325,214,566340,616,552290,867,442306,602,29127Total equity capital 263,467,317296,604,219312,226,120349,793,470375,586,354418,045,317462,231,018479,689,956530,355,859593,594,836647,395,374691,895,162850,184,822912,329,2291,029,930,3191,142,857,9801,154,173,5821,308,578,6681,366,181,98528Total bank equity capital 263,467,317296,604,219312,226,120349,793,470375,586,354418,045,317462,231,018479,689,956530,355,859593,594,836647,395,374691,895,162850,184,822912,329,2291,029,930,3191,142,857,9801,154,173,5821,288,330,7961,339,535,76829Perpetual preferred stock 1,609,8391,522,9451,504,8081,834,6062,001,0812,406,1942,698,3743,128,9283,376,5634,377,6645,999,5856,496,5816,237,0115,263,9585,122,2354,999,9176,391,1406,173,7946,518,66630Common stock 32,129,73432,881,30134,630,48035,882,84135,104,62834,485,02434,712,53732,832,71931,244,51330,257,68730,005,15930,259,46029,810,63232,273,78033,835,47335,974,89245,402,24346,184,10346,447,03131Surplus 117,408,907126,596,331136,167,931146,952,173167,751,335190,992,122217,730,380238,903,724260,557,296303,722,056320,341,909350,466,831493,501,576529,803,908625,624,678738,933,463851,046,971993,870,9661,026,322,10032Undivided profits 112,318,843135,603,625139,922,910165,123,844170,729,300190,161,982207,089,728205,860,247236,496,320255,237,435291,048,721304,672,295320,635,771344,987,583365,347,933362,949,707251,333,228242,101,933260,247,97133Noncontrolling interests in consolidated subsidiaries N/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/A20,247,87226,646,217Memoranda:34Noncurrent loans and leases 62,233,01242,833,58230,726,04030,399,95029,216,32428,661,67631,258,62132,999,47442,930,44254,581,22760,550,84352,952,00242,092,27140,414,15847,839,84588,153,128201,486,446363,542,084327,139,41335Noncurrent loans that are wholly or partially guaranteed by the U.S. government N/A2,330,6261,625,9901,417,9131,813,3971,580,1101,805,8841,924,4372,311,3253,352,2993,224,9444,703,9144,620,8668,284,7849,656,76912,996,29022,637,63064,863,84076,760,37136Income earned, not collected on loans 14,528,05814,177,85316,969,03420,287,79921,113,66422,726,18023,874,93025,518,02932,142,40238,765,19834,944,90133,431,08838,434,86146,898,84056,291,91460,547,01251,451,33847,222,48643,936,87437Earning assets 3,088,378,8523,291,700,4213,471,543,6023,738,734,3483,952,963,3294,314,872,5394,674,426,1364,945,492,6955,376,266,5675,579,688,8266,055,921,7536,508,131,2567,251,494,6207,807,281,6408,728,210,0899,600,180,57810,360,544,74510,116,846,98510,408,912,66938Long-term assets (5+ years) 506,237,096527,863,579544,880,632587,158,522652,259,926777,048,8131,019,580,0671,181,200,8641,187,489,0531,334,062,3231,495,869,3681,716,058,7291,828,850,2131,957,296,5092,299,125,3682,426,271,1102,453,972,8392,557,719,2252,684,142,96939Average Assets, year-to-date 3,431,109,8543,580,715,5513,877,579,7024,161,770,4994,402,788,4804,800,451,2455,213,168,3015,478,198,7625,982,052,2666,412,122,8776,756,799,2507,333,445,8717,991,302,5678,733,864,9739,644,360,54710,472,642,26611,782,453,98212,049,012,10611,983,066,95940Average Assets, quarterly 3,493,530,2553,669,497,6103,969,810,2494,269,979,7384,528,130,1004,950,317,9185,356,042,2785,597,267,7076,155,666,3146,564,896,8327,001,936,1087,527,030,3518,307,994,8318,962,398,19610,011,982,05110,971,842,43512,246,306,67711,872,376,87212,088,934,32741Volatile liabilities 918,121,1391,031,945,2291,174,122,6091,280,167,3701,405,963,7581,600,874,7081,723,986,2142,003,976,3402,184,141,7892,060,792,3362,222,666,2762,352,616,4492,665,101,9123,009,276,5533,503,024,6404,046,977,3964,336,065,9063,545,978,6553,335,924,24742Insider loans 5,187,23334,677,18936,500,27739,432,64337,969,46332,864,21933,121,74933,391,15733,228,16031,545,91332,736,01032,495,04833,017,13535,307,99738,314,19937,900,66440,071,62136,036,74833,265,94443FHLB advances N/AN/AN/AN/AN/AN/AN/AN/AN/A198,782,605234,142,732245,406,232249,918,989272,647,046352,588,395461,173,556541,299,942408,511,817281,600,57144Loans and leases held for sale 36,378,55651,343,21927,865,60950,043,22842,041,14762,003,456116,410,58782,269,809104,238,212181,568,483247,974,884181,922,432174,520,228204,284,654240,615,797281,720,556122,418,081159,036,300166,965,27845Unused loan commitments 1,279,627,8131,456,056,6191,796,639,9012,196,272,3482,596,164,0413,112,773,5603,699,911,9923,974,546,7384,469,419,1874,826,244,7415,310,342,8105,392,783,1285,811,521,5536,175,610,1606,611,568,5177,263,512,2176,467,511,0275,406,106,7095,076,441,12346Tier 1 (core) risk-based capital 250,256,635279,375,327301,158,238322,654,726340,364,737367,450,734399,773,968429,379,384462,676,968501,171,657534,915,319573,082,824630,501,940689,588,737758,872,094811,752,970877,273,953991,335,2711,033,892,40447Tier 2 risk-based capital 62,705,33367,082,67172,513,76778,426,52988,695,006101,188,315116,039,984120,742,368133,391,808144,233,252148,464,213153,975,424163,104,925172,839,293201,189,092240,494,381270,919,872243,728,654226,918,38448Total risk weighted assets 2,542,463,5242,644,915,6152,870,201,5103,162,239,2643,422,686,0293,831,878,1564,217,691,0734,526,310,9954,919,940,5965,073,616,4145,347,061,8695,695,229,6396,292,800,4297,002,486,4227,764,441,5658,606,489,7629,021,594,4938,738,244,8958,387,171,44349Total unused commitments 1,281,142,3611,458,187,1001,798,529,9862,197,427,8072,596,790,4313,113,269,2973,700,124,7713,974,857,7574,472,241,8324,829,105,8385,312,656,1815,395,243,8155,813,719,7896,177,891,2096,613,945,7897,263,883,2346,467,721,5855,406,253,4555,076,628,69450Restructured Loans and leases 11,913,67010,177,0526,440,9843,884,0833,650,5082,471,4681,847,8781,145,6261,312,0381,545,5481,516,8151,564,148820,464867,382744,7352,668,68515,412,11149,137,54276,213,45051Derivatives 8,764,909,15611,878,059,17815,773,018,13717,165,306,97820,297,437,15025,381,934,79733,382,123,00434,885,516,31440,759,561,75245,436,775,33756,404,764,68571,372,034,38888,287,711,739101,868,044,322132,168,625,601166,104,983,446212,099,274,728215,433,286,023232,193,904,631Total assets and liabilities in foreign offices Past due and nonaccrual assets Fiduciary and related services Carrying amount of assets covered by FDIC loss-share agreements

Key for Column Selections:Column 1 Selections Standard Peer Group: All Commercial Banks - Nationalas of 12/31/1992

Column 2 Selections Standard Peer Group: All Commercial Banks - Nationalas of 12/31/1993



All ISFDIC - Statistics on Depository Institutions ReportAll Commercial Banks - NationalAll Commercial Banks - NationalAll Commercial Banks - NationalAll Commercial Banks - NationalAll Commercial Banks - NationalAll Commercial Banks - NationalAll Commercial Banks - NationalAll Commercial Banks - NationalAll Commercial Banks - NationalAll Commercial Banks - NationalAll Commercial Banks - NationalAll Commercial Banks - NationalAll Commercial Banks - NationalAll Commercial Banks - NationalAll Commercial Banks - NationalAll Commercial Banks - NationalAll Commercial Banks - NationalAll Commercial Banks - NationalAll Commercial Banks - National12/31/9212/31/9312/31/9412/31/9512/31/9612/31/9712/31/9812/31/9912/31/0012/31/0112/31/0212/31/0312/31/0412/31/0512/31/0612/31/0712/31/0812/31/0912/31/10$ in 000's$ in 000's$ in 000's$ in 000's$ in 000's$ in 000's$ in 000's$ in 000's$ in 000's$ in 000's$ in 000's$ in 000's$ in 000's$ in 000's$ in 000's$ in 000's$ in 000's$ in 000's$ in 000'sTotal (Sum) Total (Sum) Total (Sum) Total (Sum) Total (Sum) Total (Sum) Total (Sum) Total (Sum) Total (Sum) Total (Sum) Total (Sum) Total (Sum) Total (Sum) Total (Sum) Total (Sum) Total (Sum) Total (Sum) Total (Sum) Total (Sum) 1Number of institutions reporting1146310959104529941952891438774858083158080788877707631752674017283708668396529 Income and Expense (Year-to-date) (Year-to-date) (Year-to-date) (Year-to-date) (Year-to-date) (Year-to-date) (Year-to-date) (Year-to-date) (Year-to-date) (Year-to-date) (Year-to-date) (Year-to-date) (Year-to-date) (Year-to-date) (Year-to-date) (Year-to-date) (Year-to-date) (Year-to-date) (Year-to-date) 2Total interest income 255,336,770245,166,390257,993,682302,710,604313,198,834340,190,483362,410,701367,109,696428,151,833402,236,129357,158,442335,374,591346,049,764433,305,689547,989,095611,174,476530,368,279482,120,159481,515,1593Total interest expense 121,829,291105,764,666111,323,664148,274,480150,139,629165,218,957179,405,305175,154,130224,568,042187,737,722120,716,86195,452,82097,037,119165,319,313263,110,417307,970,987210,511,821122,358,96589,348,3324Net interest income 133,507,498139,401,716146,670,024154,436,089163,059,205174,971,524183,005,396191,955,558203,583,798214,498,401236,441,577239,921,780249,012,647267,986,376284,878,678303,203,489319,856,458359,761,194392,166,8275Provision for loan and lease losses 26,086,86516,849,16711,027,34012,699,09316,469,20220,076,70622,369,97821,803,32930,025,69343,336,86448,172,49334,809,08726,104,82826,665,00425,615,22657,397,083152,536,052231,299,757145,971,5686Total noninterest income 65,649,71374,959,00576,279,34082,429,13593,537,540104,443,712124,176,042144,906,378154,247,451158,831,755172,134,933186,768,239184,659,789202,754,384217,357,959210,986,315194,090,706242,458,513217,747,6887Fiduciary activities 10,009,83810,864,81511,761,83512,303,61513,709,87316,139,61418,516,75019,711,60221,375,84420,782,16220,396,03220,801,57122,642,97523,935,71825,181,98028,144,91028,511,80024,487,94125,477,1018Service charges on deposit accounts 13,978,28914,918,96415,336,50716,045,94016,936,02718,544,74519,799,58521,547,21223,787,40426,465,25329,748,45331,729,96331,928,02933,781,75735,669,15638,633,49738,927,85941,075,60235,638,6389Trading account gains & fees 6,226,0219,231,1786,238,1846,332,9217,509,2238,001,6307,700,82010,249,20912,231,75812,340,07210,817,78111,631,8939,998,97414,445,79719,185,4285,049,586-1,022,89823,313,18322,631,35010Additional noninterest income 35,435,56539,944,04842,942,81447,746,65955,382,41761,757,72378,158,88793,398,35596,852,44599,244,268111,172,667122,604,812120,089,811130,591,112137,321,395139,158,322127,673,945153,581,787134,000,59911Total noninterest expense 131,011,078139,743,107144,291,572149,811,858160,828,594170,163,648194,547,156204,519,099216,831,473223,222,919233,577,275246,017,081257,551,204276,369,021290,221,917314,100,038330,959,149373,511,953358,713,00412Salaries and employee benefits 54,815,77858,203,40560,623,34663,460,90467,072,10271,812,94679,146,02985,458,94588,572,81392,608,342100,380,541107,803,329110,823,478122,827,973133,300,637141,204,684137,857,075151,022,477156,471,49313Premises and equipment expense 17,888,31918,473,64618,913,75919,620,93320,730,94722,000,76424,159,98225,795,51126,781,61227,568,64129,430,96031,322,25432,195,59634,940,67435,939,82938,004,97138,504,45241,429,36340,406,04414Additional noninterest expense 58,306,96563,066,04464,754,49366,730,02073,025,54376,349,92591,241,16493,264,642101,477,035103,045,926103,765,780106,891,504114,532,133118,600,374120,981,451134,890,383154,597,622181,060,113161,835,46715Pre-tax net operating income 42,059,29257,768,33667,630,41474,354,28179,298,91389,174,85890,264,309110,539,489110,974,041106,770,407126,826,758145,863,814150,016,411167,706,735186,399,493142,692,68330,451,963-2,592,003105,229,94316Securities gains (losses) 4,005,4523,059,652-570,667540,9821,113,5841,841,8253,130,738179,873-2,283,0074,476,4736,459,7205,600,3703,231,383-171,415-1,384,988-639,069-14,362,059-1,002,1428,293,13717Applicable income taxes 14,483,11319,856,25222,420,42726,144,91328,176,69031,876,47732,016,47339,360,54437,864,04236,867,26243,778,69849,321,19049,333,66053,855,01859,461,64942,729,1326,270,8174,077,75233,154,29418Income before extraordinary items 31,581,61740,971,78744,639,30248,750,35952,235,81259,140,19961,378,54871,358,83570,827,01574,379,62389,507,789102,143,017103,914,137113,680,303125,552,85699,324,4829,819,088-7,671,89780,368,78619Extraordinary gains - net 408,7552,069,971-15,22725,67188,39619,084506,756168,882-31,967-248,495-68,203427,51569,923240,6272,648,183-1,741,0435,446,147-3,840,743-566,24120Net income attributable to bank 31,990,37343,041,78344,624,07248,776,02852,324,22459,159,28461,885,31571,527,72970,795,04674,131,12489,439,583102,570,524103,984,060113,920,930128,201,03997,583,43915,265,235-12,295,67779,166,09721Net income attributable to noncontrolling interests N/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/A783,037636,44822Net income attributable to bank and noncontrolling interests N/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/A-11,512,64079,802,54523Net charge-offs 25,689,78617,543,92111,273,63612,255,29615,624,18718,520,24520,909,97620,367,84124,771,21436,473,74544,515,46437,914,04529,107,53328,508,87823,495,17138,266,25888,812,315174,485,949175,790,68924Cash dividends 14,130,94922,033,05728,088,64231,052,85438,790,87742,590,06441,003,77952,082,23553,853,58954,228,34767,535,79577,838,42355,637,31164,276,84080,551,39179,915,66942,790,53143,488,40651,253,07625Sale, conversion, retirement of capital stock, net 3,785,7891,887,3951,763,9412,449,2883,177,8513,891,7103,972,7883,321,3674,297,7554,284,8114,906,0327,962,0035,681,7646,218,7139,195,0615,318,95710,370,36210,219,30511,422,28526Net operating income 28,637,30138,765,61045,031,36648,426,99851,483,32557,931,61659,327,51071,293,58472,383,45371,308,56285,141,71898,322,613101,664,891113,764,820126,490,25699,635,52619,240,501-8,067,47273,935,343Memo:(Year-to-date)(Year-to-date)(Year-to-date)(Year-to-date)(Year-to-date)(Year-to-date)(Year-to-date)(Year-to-date)(Year-to-date)(Year-to-date)(Year-to-date)(Year-to-date)(Year-to-date)(Year-to-date)(Year-to-date)(Year-to-date)(Year-to-date)(Year-to-date)(Year-to-date)Interest income and expense in foreign offices Gross fiduciary and related services income

Key for Column Selections:Column 1 Selections Standard Peer Group: All Commercial Banks - Assets less than $100M - Nationalas of 12/31/1992

Column 2 Selections Standard Peer Group: All Commercial Banks - Assets less than $100M - Nationalas of 12/31/1993



s1 BSFDIC - Statistics on Depository Institutions ReportAll Commercial Banks - Assets less than $100M - NationalAll Commercial Banks - Assets less than $100M - NationalAll Commercial Banks - Assets less than $100M - NationalAll Commercial Banks - Assets less than $100M - NationalAll Commercial Banks - Assets less than $100M - NationalAll Commercial Banks - Assets less than $100M - NationalAll Commercial Banks - Assets less than $100M - NationalAll Commercial Banks - Assets less than $100M - NationalAll Commercial Banks - Assets less than $100M - NationalAll Commercial Banks - Assets less than $100M - NationalAll Commercial Banks - Assets less than $100M - NationalAll Commercial Banks - Assets less than $100M - NationalAll Commercial Banks - Assets less than $100M - NationalAll Commercial Banks - Assets less than $100M - NationalAll Commercial Banks - Assets less than $100M - NationalAll Commercial Banks - Assets less than $100M - NationalAll Commercial Banks - Assets less than $100M - NationalAll Commercial Banks - Assets less than $100M - NationalAll Commercial Banks - Assets less than $100M - National12/31/9212/31/9312/31/9412/31/9512/31/9612/31/9712/31/9812/31/9912/31/0012/31/0112/31/0212/31/0312/31/0412/31/0512/31/0612/31/0712/31/0812/31/0912/31/10$ in 000's$ in 000's$ in 000's$ in 000's$ in 000's$ in 000's$ in 000's$ in 000's$ in 000's$ in 000's$ in 000's$ in 000's$ in 000's$ in 000's$ in 000's$ in 000's$ in 000's$ in 000's$ in 000'sTotal (Sum) Total (Sum) Total (Sum) Total (Sum) Total (Sum) Total (Sum) Total (Sum) Total (Sum) Total (Sum) Total (Sum) Total (Sum) Total (Sum) Total (Sum) Total (Sum) Total (Sum) Total (Sum) Total (Sum) Total (Sum) Total (Sum) 1Number of institutions reporting8292778972596658620358535408515548374486416839123655345932453065278625272325 Assets and Liabilities 2Total employees (full-time equivalent) 187,368179,134167,333151,274137,312127,933116,175109,78199,26889,78283,07377,64170,16665,61160,37556,30148,54242,87239,2483Total assets 346,028,309335,092,707315,933,951297,889,495280,039,793267,847,442252,320,517242,475,664230,947,345221,651,164211,257,037200,816,484189,039,567180,095,308170,338,407162,866,198152,598,945141,403,191131,945,3014Cash and due from depository institutions 21,598,09519,066,73516,878,18515,759,32114,865,36713,841,61014,022,82913,706,31011,612,01612,669,62312,660,55911,960,74910,001,8659,362,9738,490,2818,337,70810,354,79712,713,23613,256,2675Interest-bearing balances 4,574,4184,058,3912,446,2982,479,8852,277,1182,589,3163,335,0312,692,5032,510,0703,457,6253,704,7873,510,8183,163,2232,890,0362,600,6962,777,5264,772,8777,214,7738,509,9876Securities 115,938,413113,053,547103,463,67691,113,23583,087,95973,841,88867,109,37665,169,66458,686,20453,195,22050,660,28450,128,49346,778,18342,788,24938,571,53335,723,05233,056,56730,349,80829,949,7257Federal funds sold & reverse repurchase agreements 19,371,16016,828,10010,677,92415,876,26713,413,08213,953,07417,621,2149,867,47110,835,01412,460,38411,509,4169,720,8778,744,7988,955,07710,548,4289,829,2725,821,6924,666,6984,402,0338Net loans & leases 175,385,769173,625,284172,148,548163,607,267157,671,849155,289,905143,162,303143,308,018139,913,113133,432,091127,054,911120,032,704114,956,645110,514,529104,414,242100,757,14695,718,13185,967,52277,176,8829Loan loss allowance 3,197,6123,080,5192,910,0942,621,9452,411,3982,294,3192,112,7652,069,3191,980,2101,931,8451,879,2781,811,9791,680,9481,576,5971,462,6451,375,6071,431,0281,492,3941,389,08310Trading account assets 169,736122,84449,45451,94270,72659,76713,75819,04210,7965,7609171,9042,3264,45865020,82711,2456,62211,59111Bank premises and fixed assets 5,685,5045,587,2945,416,0405,101,9934,946,1544,957,4204,737,5404,720,3324,502,7074,173,6943,889,1993,722,7553,508,4423,445,7803,356,4193,318,0332,939,8392,566,0162,307,34812Other real estate owned 1,934,8211,221,111858,616617,437460,489366,194299,885288,628263,149313,398336,520321,078281,561222,499229,994332,350601,893962,8621,057,55413Goodwill and other intangibles 438,860415,436456,859517,363574,020694,641774,306734,576702,597577,661587,384673,382647,420623,360665,294664,839540,663466,498415,09314All other assets 5,505,9665,172,3545,984,6465,244,6674,950,1584,842,9494,579,3024,661,6414,421,7544,823,3464,557,8384,254,5314,118,3294,178,3834,061,5663,882,9713,554,1183,703,9293,368,80815Life insurance assets N/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/A1,000,779958,932851,001803,835788,25216Total liabilities and capital 346,028,309335,092,707315,933,951297,889,496280,039,793267,847,443252,320,517242,475,666230,947,345221,651,164211,257,037200,816,484189,039,566180,095,299170,338,375162,866,181152,598,937141,403,179131,945,27717Total liabilities 313,586,205302,383,843284,864,208266,848,486250,518,591238,896,256224,686,668216,543,498205,356,383197,483,587187,766,501178,181,603167,262,267158,655,437148,662,037141,088,090133,435,960125,004,431116,869,65918Total deposits 306,533,191294,561,287275,559,490258,975,565242,643,911230,407,655215,868,847205,806,249194,722,620187,686,060178,282,428169,089,914158,199,404149,732,600140,970,213133,763,012125,262,006119,023,376112,038,83419Interest-bearing deposits 262,012,154250,229,838232,527,717219,394,638205,312,946195,179,122182,194,973174,741,113165,121,184158,929,677150,884,170141,653,040131,586,818123,190,481116,709,715111,142,188104,594,60499,401,07692,922,86320Deposits held in domestic offices 306,428,914294,478,510275,529,317258,923,463242,614,999230,369,871215,833,253205,791,935194,712,967187,675,467178,272,395169,070,570158,177,831149,718,761140,954,763133,742,086125,262,006119,023,376112,038,83421% insured N/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/A89.00%90.67%22Federal funds purchased & repurchase agreements 2,685,3843,298,8054,344,1692,747,5342,711,7852,504,4982,034,1973,092,9482,585,0592,016,3701,635,4111,703,4431,712,1271,782,5241,482,6861,365,9121,350,391850,328712,93623Trading liabilities N/AN/A549381,42449650469500000507651,25134824624Other borrowed funds 1,493,8762,036,3702,479,0682,242,6302,579,1873,311,7434,316,7665,575,7485,908,5885,982,9256,254,5536,105,3636,208,8715,913,7924,900,8554,624,2255,708,0844,266,1873,321,10725Subordinated debt 82,44335,52033,25029,11518,41514,55915,09514,70416,56311,51014,43914,2799,8015,1533,8405,9159,6059,1427,96226All other liabilities 2,791,3172,451,8522,448,2302,853,5882,565,2592,656,3752,451,2582,053,3432,122,8611,786,7191,579,6671,268,6041,132,0641,221,3681,303,9361,328,9611,104,623855,050788,57427Total equity capital 32,442,10432,708,86431,069,74231,041,00929,521,20228,951,18727,633,84925,932,16825,590,96124,167,57623,490,53222,634,87521,777,29521,439,86221,676,33721,778,09119,162,97716,398,74815,075,61828Total bank equity capital 32,442,10432,708,86431,069,74231,041,00929,521,20228,951,18727,633,84925,932,16825,590,96124,167,57623,490,53222,634,87521,777,29521,439,86221,676,33721,778,09119,162,97716,397,39815,073,85329Perpetual preferred stock 96,592102,41890,85499,03361,85463,75558,92154,24438,92432,42029,22035,27226,08324,09621,62230,91525,58548,28953,36130Common stock 5,523,9645,138,9364,809,7414,347,6564,053,3243,947,4623,912,6794,007,5093,831,0733,512,5613,282,2453,258,7333,104,0923,454,8913,730,0473,941,9063,412,4952,602,4212,207,68831Surplus 12,411,11012,277,09612,022,85011,200,04510,724,93710,652,50310,566,12510,627,60510,513,0609,728,5879,245,4299,192,0959,071,5359,008,3349,324,5009,729,2998,756,0787,702,0807,234,41532Undivided profits 14,410,44315,190,40714,146,30215,394,26614,681,08114,287,46713,096,12711,242,80711,207,91210,894,01110,933,63610,148,7799,575,5858,952,5418,600,1688,075,9716,968,8196,044,6085,578,38933Noncontrolling interests in consolidated subsidiaries N/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/A1,3501,765Memoranda:34Noncurrent loans and leases 2,800,3872,315,7261,870,6481,730,3661,702,3151,552,3531,497,8111,312,0081,279,2041,484,1921,459,8101,345,1511,109,027995,8241,003,8951,207,2811,916,7312,211,4872,014,34835Noncurrent loans that are wholly or partially guaranteed by the U.S. government N/A143,020115,755126,379157,276137,745133,139106,637104,750119,794116,009107,23977,60570,89961,58971,42962,06656,29246,96236Income earned, not collected on loans 1,943,4131,787,7561,928,6612,090,2181,934,6581,933,6501,801,2881,667,1041,808,3172,040,2971,745,7671,484,4891,369,6501,438,7331,541,5971,455,1051,212,2131,022,606877,15937Earning assets 315,439,496307,688,166288,785,900273,128,596256,520,734245,733,950231,241,682221,056,698211,955,197202,551,080192,930,315183,394,796173,645,175165,152,349156,135,549149,107,823139,380,512128,205,423120,050,21838Long-term assets (5+ years) 45,992,87644,188,88138,475,12934,752,81734,647,26236,131,31938,558,43839,934,36835,196,61035,337,89633,012,58634,059,96430,232,30725,722,36424,097,35525,563,26629,212,51528,692,28129,405,49539Average Assets, year-to-date 336,456,186325,681,879309,071,620285,551,381268,891,673255,881,824239,903,319235,718,584219,368,335210,337,387201,743,373194,438,194182,108,229173,297,260163,160,571156,325,621146,544,986137,445,454130,154,82140Average Assets, quarterly 342,257,694330,940,894313,537,905294,168,382276,245,247263,924,529246,717,947239,155,710227,230,762218,494,238208,561,911198,941,959186,734,017178,079,270167,885,180160,602,561150,455,514140,283,314132,138,97441Volatile liabilities 30,941,93930,213,86630,940,90131,310,41032,012,28733,024,73131,107,60433,904,68434,782,51932,663,27730,527,26728,391,55127,806,28428,513,29129,115,85328,537,63527,535,28325,982,40723,905,48042Insider loans 1,662,2644,294,1884,068,1833,867,5483,694,2303,582,2663,330,5053,495,9073,503,1963,356,0523,185,4352,969,3612,815,6002,713,7342,825,8532,757,1822,600,9522,159,2281,856,55143FHLB advances N/AN/AN/AN/AN/AN/AN/AN/AN/A5,705,8145,881,5655,767,4825,870,5445,693,8544,719,6164,431,6245,505,2114,043,9673,132,83844Loans and leases held for sale 704,9891,142,818599,315705,270586,781538,696798,795415,130461,809611,251806,908386,435271,370221,857240,879207,633151,831221,871270,52545Unused loan commitments 31,915,44235,707,97543,092,46366,719,17452,643,081204,283,35992,401,195119,060,87999,389,02996,312,45392,883,42898,179,87869,877,76746,416,04233,937,17136,954,47936,672,82624,468,51323,635,76346Tier 1 (core) risk-based capital 31,991,62432,207,41231,769,21130,219,42328,906,82028,033,58226,551,29526,057,28224,848,46323,190,44722,148,69221,634,82121,096,48621,203,92021,208,01320,994,00918,343,32215,617,36914,515,94147Tier 2 risk-based capital 2,324,3592,260,4932,181,7572,035,7821,917,1891,849,6731,737,6791,723,0621,674,6651,610,0111,552,3571,475,2061,390,4931,321,1251,236,4701,174,6171,143,5011,061,052974,28248Total risk weighted assets 195,930,649191,534,492187,211,445177,533,312170,048,171166,636,301157,192,208156,424,204152,036,686146,046,672138,609,183131,579,457125,418,139121,093,475115,029,713111,841,413105,250,37995,137,64485,762,10249Total unused commitments 31,915,44335,707,97543,092,46366,719,17452,643,101204,283,35992,401,195119,060,87999,390,08096,312,45392,883,42898,179,87869,877,76746,416,04233,937,17136,954,47936,673,10424,468,51323,635,76350Restructured Loans and leases 614,373512,767419,477301,433249,919201,803155,787139,204127,077111,677111,879105,20283,71379,46569,30369,986151,598436,187552,88151Derivatives 560,084754,584946,732565,267906,211728,499718,254190,355192,60837,55878,411117,01790,047328,019139,592159,805247,195215,006206,234Total assets and liabilities in foreign offices Past due and nonaccrual assets Fiduciary and related services Carrying amount of assets covered by FDIC loss-share agreements





s1 ISFDIC - Statistics on Depository Institutions ReportAll Commercial Banks - Assets less than $100M - NationalAll Commercial Banks - Assets less than $100M - NationalAll Commercial Banks - Assets less than $100M - NationalAll Commercial Banks - Assets less than $100M - NationalAll Commercial Banks - Assets less than $100M - NationalAll Commercial Banks - Assets less than $100M - NationalAll Commercial Banks - Assets less than $100M - NationalAll Commercial Banks - Assets less than $100M - NationalAll Commercial Banks - Assets less than $100M - NationalAll Commercial Banks - Assets less than $100M - NationalAll Commercial Banks - Assets less than $100M - NationalAll Commercial Banks - Assets less than $100M - NationalAll Commercial Banks - Assets less than $100M - NationalAll Commercial Banks - Assets less than $100M - NationalAll Commercial Banks - Assets less than $100M - NationalAll Commercial Banks - Assets less than $100M - NationalAll Commercial Banks - Assets less than $100M - NationalAll Commercial Banks - Assets less than $100M - NationalAll Commercial Banks - Assets less than $100M - National12/31/9212/31/9312/31/9412/31/9512/31/9612/31/9712/31/9812/31/9912/31/0012/31/0112/31/0212/31/0312/31/0412/31/0512/31/0612/31/0712/31/0812/31/0912/31/10$ in 000's$ in 000's$ in 000's$ in 000's$ in 000's$ in 000's$ in 000's$ in 000's$ in 000's$ in 000's$ in 000's$ in 000's$ in 000's$ in 000's$ in 000's$ in 000's$ in 000's$ in 000's$ in 000'sTotal (Sum) Total (Sum) Total (Sum) Total (Sum) Total (Sum) Total (Sum) Total (Sum) Total (Sum) Total (Sum) Total (Sum) Total (Sum) Total (Sum) Total (Sum) Total (Sum) Total (Sum) Total (Sum) Total (Sum) Total (Sum) Total (Sum) 1Number of institutions reporting8292778972596658620358535408515548374486416839123655345932453065278625272325 Income and Expense (Year-to-date) (Year-to-date) (Year-to-date) (Year-to-date) (Year-to-date) (Year-to-date) (Year-to-date) (Year-to-date) (Year-to-date) (Year-to-date) (Year-to-date) (Year-to-date) (Year-to-date) (Year-to-date) (Year-to-date) (Year-to-date) (Year-to-date) (Year-to-date) (Year-to-date) 2Total interest income 26,314,50622,878,90721,641,83921,922,16920,482,51919,616,36718,113,28717,153,15816,933,97515,112,87912,323,92010,474,5739,431,7069,627,99710,064,14810,083,2818,436,9027,020,1246,151,4683Total interest expense 11,724,1328,892,7968,233,0769,534,5169,022,6178,679,0398,170,8147,565,3797,801,2536,957,3824,368,2223,092,3902,450,0502,870,3443,726,7804,129,5463,137,9032,121,6761,485,1994Net interest income 14,590,39213,986,10113,408,76712,387,62011,459,91110,937,3169,942,4839,587,7709,132,7308,155,4947,955,6957,382,1936,981,6526,757,6536,337,3685,953,7355,298,9994,898,4484,666,2695Provision for loan and lease losses 1,179,304741,106530,829499,290561,995608,849637,287751,417791,976684,165617,879533,357407,710337,222319,363353,817700,5331,021,371702,5246Total noninterest income 3,234,9133,345,7273,377,5073,246,1222,877,1723,288,3793,603,3763,167,2502,447,3002,135,6562,029,8742,332,5291,713,2781,712,3851,637,5921,708,4051,347,8731,030,2731,553,1777Fiduciary activities 120,066192,952255,234289,652217,153267,186284,14656,55630,640102,771124,042132,714142,320245,699314,160279,269322,884112,026526,5528Service charges on deposit accounts 1,580,5831,531,4431,429,5601,318,6891,232,9551,147,7291,028,738986,038927,123896,517866,291834,209770,667689,076627,712581,328517,428459,012411,8409Trading account gains & fees 1331495941,812-47154310,72711,4652,60759214385-8291045319-6710Additional noninterest income 1,534,1311,621,1831,692,1191,635,9691,427,5351,872,9212,279,7652,113,1911,486,9301,136,3091,039,3271,365,221800,299777,608695,711847,704507,556458,916614,85211Total noninterest expense 11,984,21111,678,88611,245,69610,294,8209,257,6939,343,0389,181,5528,759,0867,821,5267,217,3036,834,7326,859,8306,071,2845,963,0305,727,9325,708,8555,299,9194,884,2065,001,16712Salaries and employee benefits 5,621,8125,556,0155,363,4885,034,6034,677,4044,510,0144,311,9374,222,0423,958,1353,743,6143,616,9683,531,0363,271,2663,223,0773,104,5813,070,6792,754,0562,449,1342,292,40213Premises and equipment expense 1,586,9411,525,2911,436,7151,314,9341,229,7591,180,0901,113,7331,101,3391,025,895969,611904,362874,229804,374782,664739,325720,246666,557593,554534,75514Additional noninterest expense 4,775,4404,597,5804,445,5163,945,2793,350,5233,652,9443,755,8993,435,7102,837,4862,504,0672,313,4042,454,5681,995,6491,957,2891,884,0261,917,9301,879,3061,841,5182,174,01015Pre-tax net operating income 4,661,8154,911,7345,009,7204,839,6384,517,3594,273,7963,727,0103,244,5132,966,4952,389,6802,532,9592,321,5232,215,9272,169,7861,927,6641,599,468646,42023,144515,75516Securities gains (losses) 298,976211,785-81,9911,12614,59522,26840,687-9,660-28,75271,03469,45471,61726,206-10,061-14,856-12,226-56,41544,78461,26517Applicable income taxes 1,559,1861,561,2141,476,3261,486,0061,410,9721,282,7271,033,815851,029765,341581,075569,167564,585454,857432,902379,452333,164139,43469,798110,81218Income before extraordinary items 3,401,6023,562,3323,451,3943,354,7623,120,9893,013,3412,733,8652,383,8332,172,4351,879,6492,033,2461,828,5541,787,2811,726,8241,533,3561,254,078450,571-1,870466,20819Extraordinary gains - net 85,257149,4029,4311,8051,9753,413-12,632-1,53322,162-9,95446-403-3491,8045,261356-1,919-3,522-38420Net income attributable to bank 3,486,8613,711,7603,460,8183,356,5673,122,9703,016,7552,721,2352,382,3032,194,5951,869,6952,033,2911,828,1511,786,9321,728,6281,538,6171,254,434448,652-6,637464,65021Net income attributable to noncontrolling interests N/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/A1,2451,17422Net income attributable to bank and noncontrolling interests N/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/A-5,392465,82423Net charge-offs 990,672595,113410,718389,810401,801413,330432,564528,847552,163453,978427,088386,323302,037225,368189,702240,676439,112777,686629,51624Cash dividends 1,592,9971,718,6941,690,3401,715,5061,647,3691,732,7692,313,9431,775,5582,214,6471,393,2821,301,7991,435,6331,178,0351,296,6491,220,3611,188,9871,073,768613,246603,76425Sale, conversion, retirement of capital stock, net 389,085466,825343,719622,468712,1281,036,0541,354,616792,5011,513,945981,736846,0901,221,9121,394,5292,022,5682,546,1162,505,9511,423,638377,302242,39626Net operating income 3,183,6383,405,3203,512,2203,354,2163,110,8542,996,7332,703,2132,391,8562,197,8051,821,7381,975,6401,768,0401,765,0171,735,7441,546,4241,264,314496,157-42,675410,894Memo:(Year-to-date)(Year-to-date)(Year-to-date)(Year-to-date)(Year-to-date)(Year-to-date)(Year-to-date)(Year-to-date)(Year-to-date)(Year-to-date)(Year-to-date)(Year-to-date)(Year-to-date)(Year-to-date)(Year-to-date)(Year-to-date)(Year-to-date)(Year-to-date)(Year-to-date)Interest income and expense in foreign offices Gross fiduciary and related services income





s2 BSFDIC - Statistics on Depository Institutions ReportAll Commercial Banks - Assets $100M to $1B - NationalAll Commercial Banks - Assets $100M to $1B - NationalAll Commercial Banks - Assets $100M to $1B - NationalAll Commercial Banks - Assets $100M to $1B - NationalAll Commercial Banks - Assets $100M to $1B - NationalAll Commercial Banks - Assets $100M to $1B - NationalAll Commercial Banks - Assets $100M to $1B - NationalAll Commercial Banks - Assets $100M to $1B - NationalAll Commercial Banks - Assets $100M to $1B - NationalAll Commercial Banks - Assets $100M to $1B - NationalAll Commercial Banks - Assets $100M to $1B - NationalAll Commercial Banks - Assets $100M to $1B - NationalAll Commercial Banks - Assets $100M to $1B - NationalAll Commercial Banks - Assets $100M to $1B - NationalAll Commercial Banks - Assets $100M to $1B - NationalAll Commercial Banks - Assets $100M to $1B - NationalAll Commercial Banks - Assets $100M to $1B - NationalAll Commercial Banks - Assets $100M to $1B - NationalAll Commercial Banks - Assets $100M to $1B - National12/31/9212/31/9312/31/9412/31/9512/31/9612/31/9712/31/9812/31/9912/31/0012/31/0112/31/0212/31/0312/31/0412/31/0512/31/0612/31/0712/31/0812/31/0912/31/10$ in 000's$ in 000's$ in 000's$ in 000's$ in 000's$ in 000's$ in 000's$ in 000's$ in 000's$ in 000's$ in 000's$ in 000's$ in 000's$ in 000's$ in 000's$ in 000's$ in 000's$ in 000's$ in 000'sTotal (Sum) Total (Sum) Total (Sum) Total (Sum) Total (Sum) Total (Sum) Total (Sum) Total (Sum) Total (Sum) Total (Sum) Total (Sum) Total (Sum) Total (Sum) Total (Sum) Total (Sum) Total (Sum) Total (Sum) Total (Sum) Total (Sum) 1Number of institutions reporting2791278828002861292629222974303130813195331534343531359236623705378937983694 Assets and Liabilities 2Total employees (full-time equivalent) 338,442333,135325,013313,985317,281312,158298,916303,907291,959298,306299,802300,622299,535299,139301,133294,819291,080278,987266,1833Total assets 680,694,779677,854,982682,875,393696,697,494713,457,893727,744,881727,052,668755,127,801773,616,076819,442,312869,943,419910,012,952953,894,5001,000,538,2601,039,600,2871,060,835,8501,104,750,1961,111,397,5161,058,626,9124Cash and due from depository institutions 40,434,17036,093,54737,752,59337,550,47337,477,59136,904,62534,732,34435,820,40235,083,14437,948,05540,711,82640,343,60935,735,87939,823,46837,584,74836,904,70647,497,56372,251,40179,440,9135Interest-bearing balances 5,931,9115,498,3715,225,4534,612,1144,321,4285,316,1715,712,5014,768,7865,070,7296,858,0228,506,0068,053,2448,145,4397,841,5657,215,1517,848,46419,843,42446,924,78458,208,2976Securities 197,045,190204,926,383197,476,080192,143,709191,876,768192,130,453195,208,395189,174,065181,460,423185,623,751200,139,906215,220,875210,540,083203,192,894199,547,002194,358,940200,485,667208,249,282213,817,4707Federal funds sold & reverse repurchase agreements 33,495,03026,156,88817,634,59228,512,09625,358,14428,127,55931,877,66419,624,24024,225,79429,251,85230,319,35124,697,92624,943,33529,725,91033,963,51028,798,38922,317,35319,592,00516,065,8508Net loans & leases 380,497,006382,620,405400,975,975409,706,909429,098,761438,969,147433,832,749475,451,310497,747,561524,749,495555,723,357583,654,356632,909,917673,586,241711,216,165739,727,059768,152,860738,861,084680,336,2809Loan loss allowance 7,408,5337,277,9806,950,7566,731,8936,787,8526,659,2716,603,5987,003,7987,150,1747,714,7608,347,2848,551,7598,911,3388,866,8688,942,2569,493,86911,859,11214,464,38513,921,32510Trading account assets 648,706751,740534,979489,701294,350264,928331,008260,97344,536363,841208,35391,334119,173187,776230,864827,289576,416499,281157,26611Bank premises and fixed assets 11,030,33011,235,04811,604,30611,927,33312,497,16112,922,53213,037,56313,959,89114,182,84614,870,28215,534,79516,338,86517,529,44618,540,62020,026,63021,362,07122,107,13621,589,72720,184,66212Other real estate owned 4,757,6813,028,9221,972,1031,433,6341,089,313957,397801,649751,291749,422986,5901,220,1091,245,6471,136,9571,042,1281,157,6612,286,5745,705,2889,937,91012,111,47613Goodwill and other intangibles 1,576,7511,753,4402,210,6112,652,3913,167,2223,880,5173,586,1814,311,1174,272,5004,839,7335,059,3135,968,2797,103,7948,005,0638,175,2448,427,4287,508,1135,817,1735,394,38514All other assets 11,209,91011,288,61412,714,14812,281,25312,598,58113,587,72413,645,12115,774,51315,849,84820,808,71421,026,40822,452,06323,875,92726,434,16027,698,46328,143,39430,399,80034,599,65231,118,61015Life insurance assets N/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/A8,023,7868,626,3488,867,6428,873,3989,013,33716Total liabilities and capital 680,694,779677,854,982682,875,393696,697,494713,457,893727,744,881727,052,668755,127,801773,616,076819,442,312869,943,418910,012,952953,894,5001,000,538,2471,039,600,2781,060,835,8661,104,750,1761,111,397,5021,058,626,91717Total liabilities 624,866,037618,599,915622,838,131631,296,349646,110,919657,761,288657,681,493685,335,643699,428,295740,232,429784,040,448819,870,199858,245,648900,309,708933,464,652951,412,334995,708,8251,003,162,747952,232,13418Total deposits 587,210,578576,297,617572,873,454586,087,228593,519,944601,979,540600,817,415611,996,641632,882,839668,415,145707,429,959736,872,535770,882,247813,478,581847,460,275854,069,458887,363,978918,101,532884,022,29219Interest-bearing deposits 489,863,003477,643,189473,615,658486,742,105493,673,686500,642,483501,884,993515,658,449535,377,009564,098,188597,394,682615,876,949641,250,414674,972,093715,061,134730,171,053761,226,198786,422,329749,462,50220Deposits held in domestic offices 583,801,056572,300,455568,634,082582,480,302590,829,412599,428,569599,037,411610,132,600631,064,945666,846,187706,098,673735,775,556769,183,797811,936,565846,163,911852,559,796886,114,932917,250,028882,997,97021% insured N/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/A83.12%85.54%22Federal funds purchased & repurchase agreements 19,618,93723,209,88728,359,72523,521,11925,417,99324,349,54222,302,87827,596,25621,902,41722,143,48620,876,51823,831,08424,163,06224,847,19025,002,68327,395,28824,712,53320,142,79117,811,12923Trading liabilities N/AN/A45,14314,68913,78912,6134454763,3883921,0571211,8375535061,05023,77214,09215,48224Other borrowed funds 10,816,72811,678,20514,198,32713,512,37718,507,53422,418,90125,777,26436,999,52434,904,69339,660,94946,813,00050,375,43154,804,02652,757,70550,294,32159,512,74973,785,66556,269,58742,625,47825Subordinated debt 548,798463,238428,691320,597378,985396,859388,194420,044353,443428,535513,828993,060773,926712,567720,923628,630625,544617,680364,84926All other liabilities 6,671,0006,950,9686,932,7877,840,3388,272,6708,603,8368,395,2938,322,7039,381,5109,583,9228,406,0937,797,9697,620,5518,513,6109,986,1009,745,1599,197,3338,017,0657,392,90427Total equity capital 55,828,74359,255,06460,037,26465,401,14967,346,97469,983,59269,371,17269,792,15774,187,78879,209,88385,902,97190,142,75295,648,855100,228,539106,135,626109,423,532109,041,351108,234,755106,394,78328Total bank equity capital 55,828,74359,255,06460,037,26465,401,14967,346,97469,983,59269,371,17269,792,15774,187,78879,209,88385,902,97190,142,75295,648,855100,228,539106,135,626109,423,532109,041,351108,149,404106,302,94129Perpetual preferred stock 282,445267,776273,153270,642365,942294,061143,426161,429181,975198,488180,588178,325179,794190,171161,632150,078259,045612,947703,06830Common stock 7,639,5007,480,5207,497,1297,515,6157,621,3447,419,1947,221,4847,209,1916,966,9017,171,3947,383,9617,614,6838,024,9718,830,6149,736,84910,541,72111,384,50212,689,74312,307,43431Surplus 20,891,37821,766,77222,927,29424,370,77125,184,26825,721,38825,028,28127,269,60228,186,97330,269,14933,240,20135,185,59838,443,31442,214,91445,334,55547,064,01450,956,22353,651,24353,048,44132Undivided profits 27,015,42129,739,98729,339,69233,244,12534,175,41636,548,95436,977,98035,151,10438,852,07841,570,85545,098,22447,164,14749,000,94548,992,84050,902,59051,667,71946,441,58141,195,47140,243,99833Noncontrolling interests in consolidated subsidiaries N/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/A85,35191,842Memoranda:34Noncurrent loans and leases 7,105,3285,911,9794,488,9264,265,9184,256,2633,882,5003,757,9993,660,7204,038,7995,060,7255,436,5315,320,1234,541,0084,370,2565,101,7409,520,49219,341,99227,568,04625,156,62835Noncurrent loans that are wholly or partially guaranteed by the U.S. government N/A156,656128,177152,340144,907164,965171,252189,599198,891253,048260,845246,913213,494194,003187,861243,874326,785552,357827,12936Income earned, not collected on loans 2,655,1712,461,9622,937,9263,358,6693,358,5293,572,9773,465,4463,713,8884,281,4415,519,9055,187,9504,832,7954,921,7435,825,2186,914,4267,008,2976,207,7115,658,9575,042,44437Earning assets 617,617,843619,953,787621,847,079635,464,529650,949,451664,808,258666,962,317689,279,372708,549,043746,846,849794,896,973831,715,575876,657,320914,532,424952,168,123971,560,0921,011,375,7201,014,122,467968,575,98038Long-term assets (5+ years) 100,146,152103,212,198101,326,07899,854,678112,329,315126,634,614146,437,677159,419,156147,334,203157,037,725161,960,955180,983,977174,607,070163,527,436173,619,714190,479,807223,644,589234,714,769241,294,00839Average Assets, year-to-date 660,990,762655,688,778661,597,796666,771,837682,679,357688,469,857687,267,754721,162,354734,999,969778,431,950826,717,960873,999,681907,000,152947,159,710992,176,8751,015,074,6911,059,756,7841,088,940,0451,049,464,32540Average Assets, quarterly 673,248,277670,721,724676,392,312686,813,210704,252,434715,279,905713,408,938745,441,558763,081,794808,339,922860,807,390899,920,609941,540,708986,472,1841,025,786,9241,047,112,5051,091,683,8981,106,706,1071,057,812,01741Volatile liabilities 85,792,99987,676,02094,228,23896,986,488109,711,583117,950,435113,992,911137,527,128141,506,672143,276,745151,193,704159,927,086177,441,385205,107,444226,041,154225,345,146235,472,728237,117,781215,330,93742Insider loans 1,814,1319,076,1039,359,6839,884,6549,500,1499,442,8419,418,53010,279,20110,464,81210,789,81111,611,83512,235,73313,262,39514,298,16615,059,13216,016,81616,842,58016,160,60214,602,81843FHLB advances N/AN/AN/AN/AN/AN/AN/AN/AN/A35,770,29242,351,72147,031,30551,308,18550,438,02448,079,59456,547,94268,987,19353,440,04040,357,05744Loans and leases held for sale 3,601,2534,279,2561,932,4392,820,4743,445,5713,737,2475,280,6692,991,6642,717,6027,607,43710,080,1225,597,9875,127,8614,487,9934,797,4044,199,0783,998,5665,225,5177,297,28245Unused loan commitments 127,356,702119,497,672164,240,197153,837,616247,132,002180,683,967342,529,743306,922,189463,124,391558,742,789619,455,540269,714,590272,411,238338,204,347341,177,877360,712,568330,721,404266,803,690229,564,31346Tier 1 (core) risk-based capital 54,339,56257,286,36160,097,12562,042,52564,038,01265,464,79665,024,65868,335,50770,033,98473,444,70978,384,29383,147,46188,550,32994,123,98599,253,214100,793,499101,350,457101,165,183100,403,23347Tier 2 risk-based capital 5,424,5095,347,2665,402,4455,335,3315,577,1135,731,7335,764,7166,147,7146,304,9176,729,6637,270,7178,067,6168,315,4118,579,4748,936,1569,058,3389,812,4839,988,3589,138,82248Total risk weighted assets 420,773,768419,553,676433,352,206441,552,747459,492,022476,368,250475,855,298520,691,768542,795,864571,400,378604,033,669639,653,147688,809,798735,357,428775,264,541806,524,272832,693,539806,958,574739,652,34949Total unused commitments 127,356,702119,498,128164,241,380153,838,236247,132,103180,684,078342,534,591306,922,405463,124,407558,742,789619,455,542269,714,590272,411,238338,204,347341,177,877360,712,568330,721,404266,803,691229,564,31350Restructured Loans and leases 1,100,114982,227804,725664,389541,230410,186367,298311,743303,289314,255407,401382,875374,747397,867324,086504,4371,685,3486,108,8577,875,74151Derivatives 57,723,15171,737,86272,859,74217,430,35113,444,8639,133,1019,016,6728,235,9525,707,1594,744,5887,068,0206,250,3366,761,4388,850,90513,157,48717,187,24519,386,70016,873,96219,095,082Total assets and liabilities in foreign offices Past due and nonaccrual assets Fiduciary and related services Carrying amount of assets covered by FDIC loss-share agreements

Key for Column Selections:Column 1 Selections Standard Peer Group: All Commercial Banks - Assets $100M to $1B - Nationalas of 12/31/1992

Column 2 Selections Standard Peer Group: All Commercial Banks - Assets $100M to $1B - Nationalas of 12/31/1993



s2 ISFDIC - Statistics on Depository Institutions ReportAll Commercial Banks - Assets $100M to $1B - NationalAll Commercial Banks - Assets $100M to $1B - NationalAll Commercial Banks - Assets $100M to $1B - NationalAll Commercial Banks - Assets $100M to $1B - NationalAll Commercial Banks - Assets $100M to $1B - NationalAll Commercial Banks - Assets $100M to $1B - NationalAll Commercial Banks - Assets $100M to $1B - NationalAll Commercial Banks - Assets $100M to $1B - NationalAll Commercial Banks - Assets $100M to $1B - NationalAll Commercial Banks - Assets $100M to $1B - NationalAll Commercial Banks - Assets $100M to $1B - NationalAll Commercial Banks - Assets $100M to $1B - NationalAll Commercial Banks - Assets $100M to $1B - NationalAll Commercial Banks - Assets $100M to $1B - NationalAll Commercial Banks - Assets $100M to $1B - NationalAll Commercial Banks - Assets $100M to $1B - NationalAll Commercial Banks - Assets $100M to $1B - NationalAll Commercial Banks - Assets $100M to $1B - NationalAll Commercial Banks - Assets $100M to $1B - National12/31/9212/31/9312/31/9412/31/9512/31/9612/31/9712/31/9812/31/9912/31/0012/31/0112/31/0212/31/0312/31/0412/31/0512/31/0612/31/0712/31/0812/31/0912/31/10$ in 000's$ in 000's$ in 000's$ in 000's$ in 000's$ in 000's$ in 000's$ in 000's$ in 000's$ in 000's$ in 000's$ in 000's$ in 000's$ in 000's$ in 000's$ in 000's$ in 000's$ in 000's$ in 000'sTotal (Sum) Total (Sum) Total (Sum) Total (Sum) Total (Sum) Total (Sum) Total (Sum) Total (Sum) Total (Sum) Total (Sum) Total (Sum) Total (Sum) Total (Sum) Total (Sum) Total (Sum) Total (Sum) Total (Sum) Total (Sum) Total (Sum) 1Number of institutions reporting2791278828002861292629222974303130813195331534343531359236623705378937983694 Income and Expense (Year-to-date) (Year-to-date) (Year-to-date) (Year-to-date) (Year-to-date) (Year-to-date) (Year-to-date) (Year-to-date) (Year-to-date) (Year-to-date) (Year-to-date) (Year-to-date) (Year-to-date) (Year-to-date) (Year-to-date) (Year-to-date) (Year-to-date) (Year-to-date) (Year-to-date) 2Total interest income 50,335,15545,345,91946,276,77550,932,92252,037,64452,844,92352,598,74553,357,64057,406,77456,247,78350,702,88447,117,46047,661,13754,518,31964,475,43468,213,10162,064,48755,588,68650,008,6673Total interest expense 21,789,83817,053,02217,354,97122,076,74722,680,50523,302,00123,437,23123,102,35726,981,18525,213,89417,374,21613,671,33612,572,29717,348,16625,916,82330,457,05824,846,59718,334,48412,844,4804Net interest income 28,545,31828,292,89928,921,80628,856,17329,357,13029,542,93229,161,50430,255,28330,425,58831,033,88633,328,66733,446,12335,088,84637,170,15338,558,61137,756,04337,217,89037,254,20237,164,1875Provision for loan and lease losses 3,614,9102,323,6091,602,5661,707,3712,049,2661,994,0162,429,0782,397,4912,433,7872,966,4013,285,1692,815,5782,352,7602,087,8882,044,2833,068,8008,234,78313,450,2359,092,4586Total noninterest income 8,006,7638,653,8898,742,9108,576,5589,843,15410,447,64210,994,13612,107,95411,779,21212,129,21913,237,09814,273,72012,812,47612,406,21312,571,98611,556,24611,409,03911,050,2749,488,2227Fiduciary activities 1,331,6551,364,6781,274,7911,363,5051,416,7381,606,7841,826,6482,509,0542,105,5301,941,1931,810,9462,080,0041,841,3381,934,7861,859,6411,756,2622,002,2761,548,834908,8878Service charges on deposit accounts 2,723,5322,739,8492,754,6062,754,0262,776,3992,804,2022,667,2912,840,8002,976,2863,266,5153,546,1883,762,8013,907,5393,801,8173,852,6523,840,9233,867,3753,659,7393,175,0369Trading account gains & fees 10,88086,22710,94879,40240,78756,34844,13325,67775,791-34,6256,24417,07313,21212,80815,34717,156-49343,57030,57810Additional noninterest income 3,940,6964,463,1354,702,5654,379,6255,609,2305,980,3086,456,0646,732,4236,621,6056,956,1367,873,7208,413,8427,050,3876,656,8026,844,3465,941,9055,539,8815,798,1315,373,72111Total noninterest expense 23,835,42824,212,41024,249,69123,524,07024,344,23524,519,19324,653,72826,213,44126,330,94827,603,54329,027,76130,576,73130,056,75130,772,33832,559,10532,343,00934,985,27736,124,37933,363,03812Salaries and employee benefits 10,445,72110,674,33410,734,43110,847,05711,274,60211,629,55111,704,13012,422,09512,392,65113,200,37114,175,59214,872,12315,188,53015,749,58416,729,43117,082,99717,435,17416,931,18016,512,97613Premises and equipment expense 3,144,0433,125,8133,197,5073,214,1423,268,6323,321,4933,270,2103,420,3823,439,3923,602,3793,804,2153,762,6993,834,3683,955,9254,141,7684,267,5524,498,6884,423,9834,166,08214Additional noninterest expense 10,245,66810,412,25010,317,7569,462,8749,801,0059,568,1269,679,39010,370,95610,498,90210,800,79411,047,95711,941,91211,033,85311,066,82911,687,90610,992,46013,051,41514,769,21612,683,98015Pre-tax net operating income 9,101,74310,410,76011,812,45212,201,29312,806,77213,477,35313,072,84913,752,29013,440,05612,593,19114,252,84714,327,50915,491,81716,716,14016,527,20913,900,4805,406,869-1,270,1384,196,91316Securi

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