|Targeted News Service|
Commercial banks and savings institutions insured by the
"The trend of slow but steady improvement that has been underway in the banking industry since 2009 continued to gain ground," said
The average return on assets (ROA), a basic yardstick of profitability, rose to 1.10 percent in the fourth quarter from 0.96 percent a year ago. The average return on equity (ROE) increased from 8.53 percent to 9.87 percent.
Fourth quarter net operating revenue totaled
Total noninterest expenses were
Asset quality indicators continued to improve as insured banks and thrifts charged off
Net income over the full year of 2013 totaled
Financial results for the fourth quarter of 2013 and the full year are contained in the
Total loan balances increased. Loan balances increased by
Mortgage activity remained well below year-ago levels. One- to four-family residential real estate loans originated and intended for sale were
The number of "problem banks" fell for the 11th consecutive quarter. The number of banks on the
The complete Quarterly Banking Profile is available at http://www2.fdic.gov/qbp on the FDIC Web site.
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