The FDIC likes to put a positive twist on its quarterly data press release, but we know well enough to look beyond. Aside from tightening interest margins and deterioration in credit card and CRE loan quality, the industry has witnessed…
Fed Waived its Magic Wand and Rates Stayed the Same
As the Federal Reserve holds out for signs that inflation is moving steadily down toward its 2% goal, the target Fed Funds rate remains between 5.25% and 5.50%. The downside to that is that banks will have to pay more…
New Bank Star Ratings Just Released
All bank star ratings are now based on third quarter 2023 financial data and the word of the day is resilience. However, Bauer currently rates 49 banks 2-Stars or below. (That’s four fewer than last quarter and two fewer than…
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…
All New Bank Star-Ratings This Week
Resilience was the word Martin Gruenberg, FDIC Chairman, chose to describe the banking industry when first quarter results were released on Wednesday. Gruenberg cautioned on the current interest rate environment, particularly when it comes to commercial real estate, but insisted…
All New Bank Star-Ratings This Week
All bank data and star-ratings are now based on year-end 2022 financial data, both in JRN and on bauerfinancial.com. One of the things we were excited to report last quarter was that Net Interest Margin (NIM) had widened to 3.14%.…
Residential Real Estate Woes, It’s Déjà vu Again
Residential mortgage loans grew by 9.6% ($214 billion) at the nation’s banks during the 12 months ending September 30, 2022. In addition, the quality of these single family mortgage loans improved significantly over the year. The non-current rate for 1-4…
All New Bank Star-Ratings this Week
All bank star-ratings have now been updated in Jumbo Rate News and on our website. As a result, a number of banks changed categories in the newsletter and, more importantly, several banks have been dropped from our rate pages based…
Community Banks Steeped in Commercial Loans
Last week we reported on U.S. banks with robust Commercial & Industrial (C&I) loan growth during calendar 2021. In spite of the winding down of the Paycheck Protection Program (PPP), we found 51 established C&I lenders with at least 35%…
Loan Balances Grow for 1st Time Since Last June
After a year of belt-tightening, loan balances at our nation’s banks grew slightly ($33.2 billion or 0.3%) during the second quarter of 2021. In spite of banks’ eagerness to lend, loan balances remain well below (1.2%) the levels of the…