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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. The positive trends from the third quarter of 2014 continued for the industry sub-set. percent of community banks were unprofitable during the quarter. 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. The positive trends from the third quarter of 2014 continued for the industry sub-set. percent of community banks were unprofitable during the quarter. percent to $36.9 percent from 2013.

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Community banks most likely to approve small business loans

Abrigo

According to a recent survey from four Federal Reserve Banks, small regional and community banks have the highest approval rate for small business loans. The 2014 Small Business Credit Survey was a joint operation conducted by the Federal Reserve Banks of New York, Atlanta, Cleveland and Philadelphia.

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New York’s Apple Bank For Savings Slapped With $12.5 Million AML Fine

PYMNTS

Apple Bank for Savings was accused of failing to comply with the Bank Secrecy Act, according to the Federal Deposit Insurance Corporation (FDIC) per WSJ. The alleged offenses spanned more than four years between April 2014 and September 2018. Apple Bank is chartered in New York and has locations across the state.

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Cutting the red tape for community banks

Abrigo

Many community banks see this as a welcomed move towards offering smaller institutions some relief from the regulatory pressures of their larger, national counterparts. Laura Stewart, CEO of Sound Community Bank in Washington said of preparing the call report: "It almost feels like a full-time job."

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FDIC Report Highlights Continued Strength of Farm Banks Despite Periods of Challenge

ABA Community Banking

Farm banks have held up well despite challenges to the agriculture industry since 2014, and problem loan levels have remained modest, according to a new report from the FDIC. The post FDIC Report Highlights Continued Strength of Farm Banks Despite Periods of Challenge appeared first on ABA Banking Journal.

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