As we gladly say goodbye to 2020 and head into the unknown of 2021, BAUERFINANCIAL, Inc., the nation’s premier Bank and Credit Union rating firm, would like to recognize the hard work of the employees of our nation’s financial institutions.…
Category: Jumbo Rate News (page 2)
New Credit Union Data is Out and…
Third quarter Credit Union data has now been updated on our website. Here are some of the highlights. While the number of Federally-insured credit unions dropped 2.8% since last September (to 5,133), industry assets were up over 16% to almost…
All New Bank Ratings and Data
September 30th bank data and ratings are out and while net income for the industry as a whole ($51.2 billion) was up 173% from second quarter, it was still down 10.7% from last September. It is really a tale of…
Whole Turkey Price Down 7% from 2019
We don’t know how many Americans will be having a traditional Thanksgiving Dinner this year. Some estimates suggest over 50% will continue with normal traditions, while the rest will be scaling it back or cutting down considerably. As for us,…
New Bank Charters May Lead to Confusion
If starting a new bank during a pandemic seems like a daunting task, it’s because it is. Just ask the organizers of would-be Coastal Community Bank, N.A. (in organization), Hollywood, FL. The bank was on course to open with an…
Maybe We Needed a Little Boring
If that’s the case, the Federal Reserve did not disappoint. The Fed Funds rate remains near zero-where it’s been since March. And there is virtually no chance of that changing anytime soon. That means we are stuck with CD rates…
Community Banks Going the Extra Mile
What makes a community bank different from other banks? Much depends on the size of the bank, but what’s more important is the focus. A true community bank knows that its success hinges on the success of the community it…
Bad Loans Bring Down 2 More Banks
It was hanging on by a thread, for a very long time. According to the FDIC press release, Zero-Star First City Bank of Florida’s difficulties began in 2009, but we added it to Bauer’s Troubled and Problematic Bank Report based…
Diversify, Diversify, Diversify
We have been focusing quite a bit lately on commercial real estate (CRE) ghost malls and the like, and with good reason. But, imagine a scenario where a bank had 56% of its loans in CRE and another 26% in…
The Majority of the Minority
According to the U.S. Census Bureau, Asian Americans and Pacific Islanders constitute about 6% of the U.S. population. They also control half of the nation’s minority owned banks. Most of these banks have strong ratings and histories, which is good…