| Disclaimer and Notes |
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| Disclaimer |
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Although every attempt has been made to ensure the reliability of the information
contained herein, some inaccuracies may exist. For this reason, the Federal Deposit
Insurance Corporation (FDIC) neither assumes responsibility for nor certifies to the
accuracy of any of the reported data. Further, these data do not indicate approval or
disapproval of any particular institution's performance and are not to be construed as a
rating of any institution by federal regulators. All notes contained within the
Institution Directory, are an integral part of this publication and provide information
regarding the comparability of source data and reporting differences over time. Users are
cautioned that any conclusions, which they may draw from Institution Directory, are their
own and are not to be attributed to the federal regulators.
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| Data Sources |
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The financial information appearing in this publication is obtained primarily from the
Federal Financial Institution Examination Council (FFIEC) Call Reports and the Office of
Thrift Supervision (OTS) Thrift Financial Reports submitted by all FDIC-insured depository
institutions. All data presented reflect the highest level of consolidation (e.g.,
domestic and foreign operations) unless otherwise indicated. This information is stored on
and retrieved from the FDIC's Research Information System database.
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| Demographic Information |
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The demographic information provided in SDI (includes bank name,
address, primary federal regulator and insurance fund membership) is updated on a monthly
basis. Check the report to see when the demographic information was last updated.
Financial institutions may change their demographic characteristics at any time throughout
the year. Because the demographic information on FDIC's structure files is obtained from
several sources, the Bank List may not always reflect recent changes while updates are
being processed. For additional demographic data for individual institutions, contact the
FDIC's Division of Supervision or by accessing the Institution Search found on the FDIC
Bank Data Internet Site.
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| Computation Methodology |
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| Reporting Differences |
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Certain adjustments are made to OTS Thrift Financial Reports to
provide closer conformance with the reporting and accounting requirements of the FFIEC
Call Reports. Beginning with June 1996, the Thrift Financial Report is completed on a
fully consolidated basis, with the exception of subsidiary depository institutions being
reported on the equity method of accounting. Prior to this time, reporting reflected the
consolidation of the parent thrift with finance subsidiaries. All other subsidiaries were
reported on an equity or cost basis. Some accounting differences between Thrift Financial
Reports and Call Reports between pre-June 1996 and post-June 1996 exist, such as asset
sales with recourse, for which the data necessary to reconcile these differences are not
reported in the Thrift Financial Report.
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| Averaging |
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All denominator figures (e.g., assets, liabilities, and capital)
used in calculating performance ratios represent average amounts for the period.
Year-to-date calculations include the beginning-of-period amount plus end-of-period amount
plus any interim periods, divided by the total number of periods. Quarterly calculations
include the beginning-of-period amount plus end-of-period amount, divided by the total
number of periods.
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| Deriving Quarterly and Year-to-date Income and Expense Amounts |
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Savings institutions that file Thrift Financial Reports report income and expenses on a
quarterly basis, i.e. for three months. For these institutions, adding together quarterly
amounts derives year-to-date amounts. For example, income for the six months ending June
30 is calculated by adding together income for the first quarter and the second quarter.
In contrast, banks Call Reports disclose income and expenses on a year-to-date basis.
Consequently, quarterly figures are derived from year-to-date figures by subtracting
amounts reported on the previous Call Report. For example, second quarter net income is
derived by subtracting the amount reported on the previous (March 31) Call Report from the
amount reported on the current (June 30) Call Report.
Where institutions engage in pooling-of-interest mergers, previous income statements
filed by each of the entities before the merger are added together and the resulting total
is subtracted from the current amount reported by the remaining institution. For example,
if Bank A acquires Bank B as of May 15 and accounts for the acquisition as a
"pooling-of-interest" merger, income and expense amounts reported by each
institution for the first quarter are added together. This amount is then subtracted from
the year-to-date amount reported by Bank A as of June 30 to derive income and expense for
the second quarter. For purchase accounting mergers, no adjustments are made. For example,
if Bank A acquires Bank B as of close of business on May 15 and accounts for the
acquisition as a purchase, income and expenses for the second quarter will only include
amounts recorded for three months for Bank A and for six weeks for Bank B. For the same
reason, no adjustments are made for "push down" (purchase method accounting)
acquisitions.
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| Merger Adjustment |
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There are two types of accounting treatment for mergers and acquisitions that can
affect banks' financial reporting. After "pooling-of-interest" mergers, income
and expense totals reflect the year-to-date results of the combined entity. For
"purchase accounting" or "push-down" acquisitions, income and expenses
attributable to the acquired institution are reset to zero effective with the date of the
acquisition. In computing performance ratios where "pooling-of-interest"
accounting is used, the denominator values (e.g., assets, liabilities, capital) of the
acquired institution are included for all prior periods used in computing the denominator
average. Prior period income and expense figures of the acquired institution are used in
computing numerator values for quarterly performance ratios. For "purchase
accounting" acquisitions, no adjustments are made. Merger/acquisition accounting and
certain transactions that can accompany these transactions can have the effect of
temporarily distorting performance measures for individual institutions.
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| Reporting Basis |
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All data are collected and presented based on the location of each reporting
institution's main office. Reported data may include assets and liabilities located
outside of the reporting institution's home state. In addition, institutions may change
their charters, resulting in an inter-industry migration, e.g., savings institutions can
convert to commercial banks, or commercial banks may convert to savings institutions.
These situations can affect state and regional statistics.
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| Group Data |
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Group data are calculated by using the weighted average approach.
The data are summed by groups and presented accordingly. If ratios are presented, the
ratio uses the summed data in both numerator and denominator to calculate the appropriate
ratio.
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| Comparability with Other Sources of Information |
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Ratio calculations are consistent with those used in the FDIC
Quarterly Banking Profile. Note that various publications distributed by both government
and private sources may use different formulations or calculations to derive similar
performance measures. This could cause minor differences in data depending on the
publication.
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