|Comments on Resubmitted Rakuten Application||FDIC||02/12/21|
|ICBA GM Financial Bank Deposit Insurance Application Comment Letter||FDIC||01/13/21|
|Comment Letter to the OCC concerning Figure Bank||OCC||12/07/20|
|Hill Payments Charter Letter||116th Congress||10/15/20|
|Hill Payments Charter Letter 9.29||U.S. House Task Force on Financial Technology||09/29/20|
|BPI-CRL-ICBA ILC Letter Regarding Moratorium||HUD, CFS||07/29/20|
|FDIC ILC Rule Comment Letter||FDIC||07/01/20|
|Comment Letter to the FDIC on Rakuten||FDIC||06/25/20|
|Letter to Chairman McWilliams Concerning ILCs||FDIC||03/16/20|
|Joint Letter on ILC Proposed Rule||FDIC||03/15/20|
|Comments on Interactive Bank Deposit Insurance Application||FDIC||11/26/19|
|Opposition to Rakuten ILC Deposit Insurance Application||FDIC||08/21/19|
|Comment Letter on Square’s Refiled Deposit-Insurance Application||FDIC||01/18/19|
|Implementation of the Economic Growth, Regulatory Relief, and Consumer Protection Act: The Community Bank Perspective||Senate Banking Committee||Written Statement||10/01/18|
Community banks reported net income growth of 21.2 percent in the fourth quarter from a year ago and a 3.6 percent increase in 2020 from the year before, according to the FDIC's Quarterly Banking Profile.
2020 Numbers: Community bank provision expenses increased 141.6 percent in 2020, while net operating revenue increased 10.8 percent on a 33.7 percent gain in noninterest income. The full-year pretax return on assets ratio declined by 13 basis points to 1.31 percent in 2020 because of an increase in average assets.
Fourth Quarter: A 159.1 percent increase in income from loan sales drove community banks' improved quarterly net income and offset a 38.1 percent increase in provision expenses. Net interest margin narrowed by 30 basis points from a year ago, while community banks experienced an 18.4 percent quarterly increase in total deposits.
Capital: Community banks also posted strong capital numbers, including a 10.3 percent average leverage ratio, 11.2 percent average Community Bank Leverage Ratio, and 14.4 percent tier-1 risk based capital ratio.
Overall Industry: The overall banking industry reported a 9.1 percent net income increase from a year ago and a 36.5 percent decline from 2019. The share of unprofitable institutions remained relatively stable from a year ago at 7.3 percent, with the average return-on-assets ratio rising to 1.11 percent from 0.97 percent in the third quarter.
Deposit Insurance Fund: The DIF balance rose $1.5 billion from the third quarter to $117.9 billion, and the reserve ratio declined from 1.30 percent to 1.29 percent on rising insured deposits.
Mergers and Openings: During the fourth quarter, three new banks opened, 31 institutions were absorbed through mergers, and two banks failed.