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FDIC: Community banks outperform industry in third quarter

Abrigo

To provide a report card on industry status and performance, the FDIC publishes a Quarterly Banking Profile. Results from the third quarter were just released, and while overall results were positive, community banks in particular excelled. Community banks’ net income grew almost 11 percent to $4.9

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Community banks’ net income, loan balances increase in 2014

Abrigo

The latest FDIC Quarterly Banking Profile was just released and the industry continues to be led by the nation’s community banks. percent of community banks were unprofitable during the quarter. However, across all banks, fourth quarter net income fell by 7.9 percent to $36.9 percent from 2013.

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Community banks’ net income, loan balances increase in 2014

Abrigo

The latest FDIC Quarterly Banking Profile was just released and the industry continues to be led by the nation’s community banks. percent of community banks were unprofitable during the quarter. However, across all banks, fourth quarter net income fell by 7.9 percent to $36.9 percent from 2013.

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Community Banking According to Andy

Jeff For Banks

2/ @Schornack The primary asset of the organization was Flagship Bank Minnesota, a Member FDIC and Equal Housing Lender with two locations in the Twin Cities Metro Area. 3/ @Schornack The bank was under a cease and desist order and struggling with a high level of troubled assets. Basic idea is that sales to a bank are loans.

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Why The ICBA Is Fighting Industrial Loan Charters For FinTechs

PYMNTS

ILCs are used to form industrial loan companies, better known as industrial banks. An industrial bank is an FDIC-insured depository institution that is generally subject to the same banking laws and regulations as any other bank charter type, with the important exception of the Bank Holding Act of 1956.

Industry 108
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Predicting the Next Banking Crisis Is a Fool’s Game. Not Learning From the Last One: Equally Foolish

Jeff For Banks

Outside of those two crisis periods, American banking failures have generally been uncommon, at least since the end of the Great Depression. banks failed a year. bank failures per year between 1996 and 2006, and 3.6 Before SVB, Signature, and First Republic, in fact, it had been over two years since the last bank failure.

FDIC 78
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Devoted to Our Mission

Independent Banker

The Bank of Glen Ullin sets itself apart from other community banks through our strong involvement in the community we serve and the personal relationships we have with our customers. Our bank team is devoted to providing the quality service to our customers, whom we know on a first-name basis. Assets: $54 million.