If you’re a bank, that is. There are several ways; the 50 banks listed on page 7 have proven so. The first bank on the list, 4-Star MapleMark Bank, Dallas, TX managed to increase its net worth by almost 4000%…
There’s Efficient and then There’s Efficient
Bank of Internet, USA, CA was established in 2000 as one of the first “internet” banks in the United States—hence the name. In 2011, it was renamed to BOFI Federal Bank and now again to Axos Bank.
Since its inception, the now 4-Star rated Axos Bank has grown into a nearly $10 billion asset bank that operates two brick and mortar branches in addition to its…
Community Banks Excel at Credit Cards Too
Do you know what U.S. bank has the highest dollar volume of domestic credit card loans on its books? If you said 4-Star rated CitiBank N.A., SD then you’re right. Based on June 30, 2018 financial data CitiBank has $129 billion in credit card loans, followed by…
Community Banks Tops for Consumer Loans
According to the FDIC’s Quarterly Banking Profile (QBP) for June 30, 2018, bank industry loans to consumers increased nearly five and half percent from June 30, 2017 to June 30, 2018. Credit card loans, a subset of those consumer loans, increased 7.4% during the same time frame. For the most part, consumers are managing credit card debt well.
CD and Savings Rates are Heading Up
The Federal Reserve raised the target Fed Funds rate another quarter point at its Open Market Committee meeting on Wednesday. As always, banks began raising their lending rates immediately and, as always, CD rates will follow. In fact, they’ve already begun.