Part
01
of two
Part
01
Banks - Atlanta and Chicago
Financial metrics of active banks based in Atlanta and Chicago with AUM less than $500 million have been populated in rows 2-3 of the attached spreadsheet.
FINDINGS
In order to fulfill this request, we searched the FDIC website for the required information and were successful in finding all the information other than the income from credit card fees. While information pertaining to non-interest income has been provided by the FDIC, it does not provide this information specifically for credit cards. We then searched private websites such as ibank.net; it did not provide any additional information other than what has been provided by the FDIC. Following this, we searched the bank websites but did not find any granular details of non-interest income.
NOTE
- Evolve Bank & Trust has assets of $473,202,000. Based on that, we assumed that the banks that were to be identified had AUMs under $500,000,000.
- The credit risk has been expressed in terms of the loan loss allowance.
- Screenshot of all the data has been provided in this document.
CORNERSTONE BANK, ATLANTA
Income from Credit Card Fees: N/A
COMMUNITY SAVINGS BANK, CHICAGO
Income from Credit Card Fees: N/A