Deposits and Investments Continue Growth in 1st Quarter - Still Searching for Loans

Commercial banks and savings institutions had their highest quarterly return on assets ever recorded in the first quarter of 2003, earning over $29 billion. Although credit unions continued to outgrow banks and thrifts, the movement only accounts for 6.5% of all deposits.

 
 

Commercial banks and savings institutions had their highest quarterly return on assets ever recorded in the first quarter of 2003, earning over $29 billion. Although credit unions continued to outgrow banks and thrifts, the movement only accounts for 6.5% of all deposits.

Asset quality was high across the board, with the credit union net-charge off rate staying steady at 0.50%. Banks and thrifts continued to manage more assets with fewer staff, with thrifts now managing over $5 million per employee.

 

 

 

June 6, 2003


Comments

 
 
 
  • I love timely benchmarking data! Thank you.
    Anonymous