intermediate small bank cra rating performance standards

Washington, DC 20219 . On December 30, the OCC announced revisions to the asset-size thresholds used to define small and intermediate small banks and savings associations under the Community Reinvestment Act (CRA). This search engine will enable you to find the latest CRA ratings of financial institutions supervised by the Federal Reserve, Office of the Comptroller of the Currency, Federal Deposit Insurance Corporation, and/or Office of Thrift Supervision. Intermediate small institutions are not required to collect and report what data? Small Banks 2 Intermediate Small Banks 4 Large Banks 6 Strategic Plan Option 10 Public File Requirements 11 CRA Ratings 12 AA - assessment area(s) CD - community development CRA - Community Reinvestment Act HMDA - Home Mortgage Disclosure Act LMI - low- and moderate-income LTD - loan-to-deposit Table of Contents Banks under $346 million are evaluated as small banks; banks with assets from $346 million to $1.384 billion are evaluated as ISBs; and banks with more than $1.384 billion in assets are considered large banks. 2007 for which a "Satisfactory" CRA rating was .

Three are based on a bank's size, one is based on a bank's business strategy, and one is an option that any bank can take advantage of, regardless of size or business strategy. The OCC evaluates the record of a small bank that is not, or that was not during the prior calendar year, an intermediate small bank, of helping to meet the credit needs of its assessment area(s) pursuant to the criteria set forth in paragraph (b) of this section. Institution's CRA Rating: Comerica Bank is rated Satisfactory. Specifically, the Proposed Rule would have provided an assessment method for (1) small banks that would be streamlined and would emphasize lending performance; (2) intermediate small banks (ISB) that would consider lending and community development (CD) activities ( i.e., loans, investments, and services); (3) large, retail banks that would . Small banks will be those banks that had assets of $500 million or less in each of the previous four calendar quarters. 1 - Review standardized worksheets and other agency information sources to obtain relevant demographic, economic, and loan data, to the extent available, for each assessment area under review. 2015 . From data contained in Call Reports or UBPRs, calculate the average loan-to-deposit While ICBA is mindful that the proposed rule eliminates the distinction between small and intermediate small banks, we believe that the opt-in threshold should be set to the intermediate small bank threshold and that the threshold should be raised to the aforementioned level of $5 billion. b. We performed a full-scope examination of the Los Angeles . NexTier Bank, National Association Charter Number: 8854 . 1. "intermediate small banks" are defined under 345.12 (u) These banks are evaluated under two tests: the small bank lending test and a community development test. This CRA evaluation was conducted using the intermediate small bank performance evaluation standards. The "strategic plan" evaluation option . Initial analysis of the bank's lending activities by dollar . Evaluations of banking institutions are primarily based on a review of performance tests and standards described in Section 76.7 and detailed in Sections 76.8 through 76.13. .

During the period between October 1, 2020 and the 2023 or 2024 compliance dates, the provisions of the current CRA regulation will remain in effect but the OCC may permit a bank to voluntarily comply, in whole or in .

The Community Reinvestment Act of 1977 (CRA) encourages certain insured depository institutions to help meet the credit needs of the communities in which they are chartered, including low- and moderate-income (LMI) neighborhoods, consistent with the safe and sound operation of such institutions. Accordingly, the citation The FDIC applies the lending, investment, and service tests, as provided in 345.22 through 345.24, in evaluating the performance of a bank, except as provided in paragraphs (a) (2), (a) (3), and (a) (4) of this section. Use this assessment area(s) to evaluate the bank's performance, but do not otherwise consider the revision in determining the bank's rating. Intermediate small institutions are not required to collect and report CRA loan data for small business, small farm, and community development loans. assessment of an intermediate small institution. Banks subject to the small and intermediate bank performance standards must comply with the new CRA framework by January 1, 2024. small businesses. 2 - Obtain for review the Consolidated Reports of Condition (Call Reports) / Thrift Financial Reports (TFR), Uniform Bank Performance Reports (UBPR) / Uniform Thrift Performance Reports [] 204 South Jackson Street . (a) Performance criteria - (1) Small banks and savings associations that are not intermediate small banks or savings associations. The appropriate Federal banking agency evaluates the record of a small bank or savings association that is not, or that was not during the prior calendar year, an intermediate small bank or savings association, of helping to meet the credit needs of its assessment . The total number and dollar amount of community development loans, qualified investments, and community development services, including: a. The assessment peri od included calendar years 2013, 2014 and the three months ending March 31, 2015. A. INSTITUTION'S CRA RATING: This institution is rated High Satisfactory by the . The bank extends a relatively high level of community development loans and services. The evaluation period considered is January 1, 2006 to December 31, 2009. This evaluation draws conclusions on SNB's performance under the lending and community development tests. ANNUAL REPORT 2015 MAKING A POSITIVE IMPACT IN OUR COMMUNITIES F ellow Shareholders, I am pleased to present to you our 2015 Annual Report. The FDIC assesses the CRA performance of a bank in an examination as follows: ( 1) Lending, investment, and service tests. The measurement of CRA performance requires the calculation of a bank's performance ratings and assessment area ("AA") performance ratings. OVERVIEW OF INSTITUTION'S PERFORMANCE DFS evaluated Alma Bank ("AB") according to the intermediate small bank performance criteria pursuant to General Regulations of the Superintendent ("GRS") Parts 76.7 and 76.12. (a) Performance criteria(1) Small banks that are not intermediate small banks. This article discusses the standards as they apply to banks that are not small banks, [i] intermediate banks, [ii] wholesale bank, [iii] or limited purpose banks [iv] (unless these other banks opt-in . Examiners used the Interagency Intermediate Small Bank (ISB) Examination Procedures to evaluate the bank's CRA . Small bank lending and community development tests B. Small banks will continue to be evaluated under current small bank standards, with some additional requirements. November 7, 2011 . The proposal may significantly impact the compliance obligations of large banks, which the proposal generally defines as those with assets greater than $2 billion, while granting smaller banks the option of continuing to comply . Intermediate Small Bank Lending Test Performance Criteria Loan-to-Deposit Analysis 1. Small Institution-Overall CRA Ratings Performance criteria weighted based on performance context Conclusions about performance criteria based on whether bank meets, exceeds, or does not meet the standards for satisfactory performance Discrimination and other illegal credit practices might result in rating downgrade To be discussed later . While examiners' judgment is still an important part of the process, the standards are intended to be as objective as possible to help make evaluations of banks across the country . The CRA regulations provide five evaluation methods. COMMUNITY REINVESTMENT ACT PERFORMANCE EVALUATION. A small bank evaluated under the small bank performance standards in 12 CFR 25.14 must collect and maintain data on the value of each retail domestic deposit account. Community development test C. Lending, investment, and service . Both small and intermediate banks may either opt into the new framework, or choose to be evaluated under the current CRA performance standards. Institutions with assets between $290 million and $1.16 billion are evaluated under a two-part test which includes: The Small Bank Lending Evaluation; and The Community Development Test, which considers the number and amount of community development: o Loans o Investments o Services small savings association performance standards appear at 12 CFR 195.26; for national banks, the small bank performance standards appear at 12 CFR 25.26; for Federal Reserve System member banks supervised by the Board, they appear at 12 CFR 228.26; and for state nonmember banks, they appear at 12 CFR 345.26. Nevertheless, the CRA Description POSITION SUMMARY: Corporate management of community development administration including compliance with the Community Reinvestment Act and the Bank's. Supervises management level positions responsible for critical corporate functions including risk management, regulatory compliance, national community partnerships, and exam preparation. This Performance Evaluation (PE) assesses Tomatobank's CRA performance using Intermediate Small Bank CRA procedures. Keeping in mind this general picture of your bank and community, the examiners use specific standards, amended in 1995, for reviewing your bank's CRA performance. Initial analysis of the bank's lending activities by dollar . The total number and dollar amount of community development activities on an annual basis, and. In addition, a small bank must collect and maintain the physical address of each depositor, as of the close of By selecting the criteria of the bank (s) you . 25.26 Small bank performance standards. An intermediate small bank's community development performance also is evaluated pursuant to the following criteria: (1) The number and amount of community development loans; (2) The number and amount of qualified investments; (3) The extent to which the bank provides community development services; and. rating at the prior CRA examination performed on August 27, 2007. .

The federal banking agencies last week announced their highly anticipated proposal to revamp and modernize regulations implementing the Community Reinvestment Act.

according to the intermediate small bank performance criteria pursuant to Part 76.7 and . Effective January 1, a small bank or savings association will mean an institution that, as of December 31 of either of the past two years, had assets of less than $1.384 billion. The Board evaluates the record of a small bank that is not, or that was not during the prior calendar year, an intermediate small bank, of helping to meet the credit needs of its assessment area(s) pursuant to the criteria set forth in paragraph (b) of this section.

Small banks are evaluated using only the Lending Test, which evaluates a bank's lending activities by considering its home mortgage . Which type of performance standard do agencies generally use to determine an intermediate small bank's CRA rating? (a) Performance criteria - (1) Small banks that are not intermediate small banks. (4) The bank's responsiveness . COMMUNITY REINVESTMENT ACT PERFORMANCE EVALUATION Comerica Bank RSSD # 60143 1717 Main Street Dallas, Texas 75201 . 2. Part VI: Data Collection Requirements for Small Banks . operative Bank's (CCCB) CRA performance from the prior evaluation, dated October 16, 2017, through the current evaluation, dated July 20, 2020. assess the institution's record of meeting the . O INTERMEDIATE SMALL BANK Comptroller of the Currency Administrator of National Banks . PUBLIC DISCLOSURE. (2) Intermediate small banks. The evaluation period considered is January 1, 2006 to December 31, 2009. As a result of the 1.29 percent increase in the CPI-W for the period ending in November 2020, the definitions of small and intermediate small institutions for CRA examinations will change as follows: "Small bank" means an institution that, as of December 31 of either of the prior two calendar years, had assets of less than $1.322 billion. The final rule also retains the separate performance standards in the current regulations applicable to "wholesale" or "limited-purpose" banks. This CRA evaluation was conducted using the intermediate small bank performance evaluation standards. Welcome to the FFIEC Interagency CRA Rating Search. 4 . Section 76.5 further requires that the CRA rating and the written summary . Intermediate Small Bank CRA Performance Criteria. This evaluation draws conclusions on SNB's performance under the lending and community development tests. Intermediate Small Institution CRA Examination Procedures OCC, FRB, FDIC and OTS- July 2007 f. The institution's prior CRA performance in different assessment areas; g. Examiners' knowledge of the same or similar assessment areas; and h. Comments from the public regarding the institution's CRA performance. The loan-to-deposit ratio exceeds the standards for satisfactory performance and is more . complies with the criteria. Small Bank (size) Intermediate Small Bank (size) Large Bank (size) Answer: As proposed, there will not be a classification of Intermediate Small Bank for CRA. D. Greater emphasis on CRA performance of the financial institution and less emphasis on its CRA process .

intermediate small bank cra rating performance standards

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