In the past 20 years, the number of banks in the United States has been cut in half while industry assets have grown by 163%. Some of this is due to mergers and acquisitions as the industry has consolidated. Upon…
U.S. Credit Card Debt Surpasses $1 Trillion
Household Debt in the United States has increased 53% in the past 10 years and consumers are becoming less optimistic about their financial futures. There are 53 banks that saw their consumer loan portfolios grow at least 2.5% during the…
All New Credit Union Star-Ratings Available
Credit Unions posted double digit increases in all major loan categories over the 12 month period ending June 30, 2023. However, delinquencies and charge-offs are also on the rise. So, much like we reported with banks last week, the 51…
Asset Quality Shows “Modest Deterioration”
On Thursday (9/7/23), the FDIC finally released its Quarterly Banking Profile (QBP) detailing the banking industry at the close of the second quarter 2023. In the FDIC reported that “Asset quality metrics remained favorable despite modest deterioration.” As an industry…
All New Bank Star-Ratings this Week
At $42.2 billion, loan loss provisions for the first half of 2023 were nearly 160% higher than the first half of last year. As an industry, banks are well-provisioned to handle any upcoming downturn. However, not all individual banks can…
Irrational Exuberance Comes in Many Forms
Bank payrolls reported unprecedented increases beginning in the fourth quarter of 2021. Today, we take a look at the forces behind the shedding of many of those newfound banking jobs. The 53 banks listed on page 5 of this week’s…
Another Impact of the Maui Fires
It is a little-known fact that Hawaii Electric is the Holding Company for 4-Star American Savings Bank, FSB, Honolulu, HI and its parent, ASB Hawaii Inc., a savings & loan Holding Company. In this week’s Jumbo Rate News we address…
Because People Still Need/Want that Human Touch
The number of Federally-Insured credit unions was cut by nearly 15% in the 5 years ended March 31, 2023, yet membership climbed more than 20%. The big keep getting bigger while the small fight to survive. Fifty-one 5-star credit unions…
The Fewer the Bank Branches, the More They Matter
Over 2,100 bank branches closed their doors during the 12 month period ending June 30, 2023. Yet, 977 new bank branches opened for business during that same 12 month period. Many of the new branches belong to 5-Star community banks.…
Still Trying to Tame Inflation
Fact: The target Fed Funds rate is up 2100% while Top short-term CD rates have risen over 1000% in the past 18 months. Loan rates react more quickly to rises in the Fed Funds rate. U.S. banks reported a 15.5%…