FDIC Quarterly
The FDIC Quarterly provides a comprehensive summary of the most current financial results for the banking industry, along with feature articles. These articles range from timely analysis of economic and banking trends at the national and regional level that may affect the risk exposure of FDIC-insured institutions to research on issues affecting the banking system and the development of regulatory policy. The FDIC Quarterly brings together data and analysis that were previously available through three retired publications -- the FDIC Outlook, the FDIC Banking Review, and the FYI: An Update on Emerging Issues in Banking. Past issues of these publications are archived under their original publication names.
FDIC Quarterly 2020 Volume 14, Number 4
- PDF (PDF Help)Quarterly Banking Profile: Third Quarter 2020
FDIC-insured institutions reported aggregate net income of $51.2 billion in third quarter 2020, up $32.4 billion from second quarter 2020 but down $6.2 billion from the year-ago quarter. The quarterly increase in net income was attributable to a $47.5 billion decline in provision expenses between second and third quarter 2020. Lower net interest income drove the annual decline in net income. Slightly more than half (51.3 percent) of all institutions reported lower net income compared to a year ago. The return on assets ratio was 0.97 percent for the quarter, down from 1.25 percent in third quarter 2019 but up from 0.36 percent in second quarter 2020.
Community Bank Performance
Community banks—which represent 91 percent of insured institutions—reported annual growth in quarterly net income of $659.7 million despite a 116.6 percent increase in provision expense and continued net interest margin (NIM) compression. Nearly half of all community banks (48 percent) reported higher quarterly net income in third quarter 2020 compared with third quarter 2019. Higher revenue from loan sales drove the improvement in quarterly net income.
Insurance Fund Indicators
The Deposit Insurance Fund (DIF) balance totaled $116.4 billion at the end of third quarter, an increase of $1.8 billion from the previous quarter. Assessment income, interest earned on investments, and negative provisions for insurance losses were the largest sources of the increase, offset partially by operating expenses and losses on available-for-sale securities. The DIF reserve ratio was 1.30 percent on September 30, 2020, unchanged from June 30, 2020, and 11 basis points lower than September 30, 2019.
Featured Article:
The Importance of Community Banks in Paycheck Protection Program Lending - PDF
During the current public health emergency, community banks are playing a vital role in supporting small businesses through the Small Business Administration’s Paycheck Protection Program (PPP). Community banks throughout the country participated in the program, with community bank PPP loan portfolios representing over 30 percent of total bank PPP loans.
Past Issues
2020
FDIC Quarterly 2020 Volume 14, Number 3FDIC Quarterly 2020 Volume 14, Number 2
FDIC Quarterly 2020 Volume 14, Number 1
2019
FDIC Quarterly 2019 Volume 13, Number 4FDIC Quarterly 2019 Volume 13, Number 3
FDIC Quarterly 2019 Volume 13, Number 2
FDIC Quarterly 2019 Volume 13, Number 1
2018
FDIC Quarterly 2018 Volume 12, Number 4FDIC Quarterly 2018 Volume 12, Number 3
FDIC Quarterly 2018 Volume 12, Number 2
FDIC Quarterly 2018 Volume 12, Number 1
2017
FDIC Quarterly 2017 Volume 11, Number 4FDIC Quarterly 2017 Volume 11, Number 3
FDIC Quarterly 2017 Volume 11, Number 2
FDIC Quarterly 2017 Volume 11, Number 1
2016
FDIC Quarterly 2016 Volume 10, Number 4FDIC Quarterly 2016 Volume 10, Number 3
FDIC Quarterly 2016 Volume 10, Number 2
FDIC Quarterly 2016 Volume 10, Number 1
2015
FDIC Quarterly 2015 Volume 9, Number 4FDIC Quarterly 2015 Volume 9, Number 3
FDIC Quarterly 2015 Volume 9, Number 2
FDIC Quarterly 2015 Volume 9, Number 1
2014
FDIC Quarterly 2014 Volume 8, Number 4FDIC Quarterly 2014 Volume 8, Number 3
FDIC Quarterly 2014 Volume 8, Number 2
FDIC Quarterly 2014 Volume 8, Number 1
2013
FDIC Quarterly 2013 Volume 7, Number 4FDIC Quarterly 2013 Volume 7, Number 3
FDIC Quarterly 2013 Volume 7, Number 2
FDIC Quarterly 2013 Volume 7, Number 1
2012
FDIC Quarterly 2012 Volume 6, Number 4FDIC Quarterly 2012 Volume 6, Number 3
FDIC Quarterly 2012 Volume 6, Number 2
FDIC Quarterly 2012 Volume 6, Number 1
2011
FDIC Quarterly 2011 Volume 5, Number 4FDIC Quarterly 2011 Volume 5, Number 3
FDIC Quarterly 2011 Volume 5, Number 2
FDIC Quarterly 2011 Volume 5, Number 1
2010
FDIC Quarterly 2010 Volume 4, Number 4FDIC Quarterly 2010 Volume 4, Number 3
FDIC Quarterly 2010 Volume 4, Number 2
FDIC Quarterly 2010 Volume 4, Number 1
2009
FDIC Quarterly 2009 Volume 3, Number 4FDIC Quarterly 2009 Volume 3, Number 3
FDIC Quarterly 2009 Volume 3, Number 2
FDIC Quarterly 2009 Volume 3, Number 1
2008
FDIC Quarterly 2008 Volume 2, Number 4FDIC Quarterly 2008 Volume 2, Number 3
FDIC Quarterly 2008 Volume 2, Number 2
FDIC Quarterly 2008 Volume 2, Number 1
2007
FDIC Quarterly 2007 Volume 1, Number 3FDIC Quarterly 2007 Volume 1, Number 2
FDIC Quarterly 2007 Volume 1, Number 1