Disclaimer and Notes
 
Disclaimer
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.
 
Data Sources
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.
 
Demographic Information
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.
 
Computation Methodology
 
Reporting Differences
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.
 
Averaging
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.
 
Deriving Quarterly and Year-to-date Income and Expense Amounts
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.

 
Merger Adjustment
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.

 
Reporting Basis
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.

 
Group Data
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.
 
Comparability with Other Sources of Information
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.
Last Updated: 7/27/2011