FDIC: Problem Banks Declined, Residential REO Declined in Q3

by Calculated Risk on 11/30/2021 12:41:00 PM

The FDIC released the Quarterly Banking Profile for Q3 2021 this morning:

Quarterly net income rose $18.4 billion (35.9 percent) to $69.5 billion from the same period one year ago.

Total assets increased $462.6 billion (2 percent) from second quarter 2021 to $23.3 trillion. Securities rose $225 billion (3.9 percent), while cash and balances due from depository institutions rose $126.8 billion (3.6 percent). Growth in mortgage-backed securities (up $101.9 billion, or 3 percent) and U.S. Treasury securities (up $99.3 billion, or 8.5 percent) continued to drive quarterly increases in total securities. Loans and securities with maturities longer than 5 years now make up almost a third (31.3 percent) of total assets, up from 28 percent in fourth quarter 2019.

Loans that were 90 days or more past due or in nonaccrual status (i.e., noncurrent loans) continued to decline

Keep reading this article on Bill McBride - Calculedriskblog.

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