Total deposits in U.S. banks increased 8.5% ($1.2 Trillion) during the first quarter of 2020 and 13.3% for the 12 month period. With interest rates near zero, and much of the influx coming from PPP loans, which by nature will…
Credit Union Data and Ratings are (finally) Out
The NCUA told us we wouldn’t be able to get the full first quarter credit union file until the first week of July. Sadly, they were right, but we have been working day and night for several days to get…
U.S. Banks, CUs Spent the Last Decade Beefing Up
U.S. Banks & Credit Unions Spent the Last Decade Beefing Up… and it’s a Good Thing Coral Gables, Florida, July 10, 2020: BAUERFINANCIAL, Inc. is pleased to announce that the nation’s banks and credit unions, after spending the better part…
73 5-Star Community Banks Add Branches in 2nd Qtr 2020
The current environment has put a big damper on mergers and acquisitions and put cost-cutting measures on the front burner. And it comes as no surprise that some banks are taking the opportunity to shutter branches. 4-Star Park National Bank,…
Paycheck Protection Program (PPP) Round 2
With constantly changing rules and rising fear that the loans may not be forgiven, the stampede for Paycheck Protection Program Loans (PPP) money slowed to a trot. Phase 1 dollars were all tapped in less than weeks; as of June…
Banks Report Lowest Net Income in a Decade
First quarter 2020 net operating income at the nation’s banks was $43.1 billion lower than a year ago. That’s a 71.6% drop, and the lowest number we’ve seen since the last recession. Some of that decrease can be attributed to…
Industrial Banks Stage a Comeback
Industrial Banks or Industrial Loan Companies (ILCs) are state-chartered, FDIC-insured depository institutions subject to the same regulations as other bank charter types. Only a handful of states allow the charter. Utah in particular, has always been very open to the…
New Bank Star-Ratings and a Gaping CBLR Hole
It’s been quite a year so far. And with so much going on, one very important change in bank reporting has gone largely unnoticed by the public and the media. In an effort to ease regulatory burden for well-capitalized community…
Otting CRA: Now or Never
Joseph M. Otting steps down as Comptroller of the Currency effective Friday, May 29th. But before leaving, he made sure that years of work towards improving the Community Reinvestment Act had not been done in vain. The agency went solo…
CRA was Now or Never for Joseph Otting
Joseph M. Otting steps down as Comptroller of the Currency effective Friday, May 29th. But before leaving, he made sure that years of work towards improving the Community Reinvestment Act had not been done in vain. The agency went solo…