Bank Comparison

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

Total Assets: $224,730,000
Total Deposits: $175,515,000
Annual ROA Pre-Tax: 0.39%
Annual ROA Post-Tax: 0.39%
Income from Credit Card Fees: N/A
Credit Risk: $2,842,000

COMMUNITY SAVINGS BANK, CHICAGO

Total Assets: $394,300,000
Total Deposits: $329,704,000
Annual ROA Pre-Tax: 0.43%
Annual ROA Post-Tax: 0.34%
Income from Credit Card Fees: N/A
Credit Risk: $873,000


Part
02
of two
Part
02

Banks - Dallas and Kansas

The information on active banks in Dallas and Kansas with AUM less than $500 million have been provided in rows 4-5 of the attached spreadsheet. The two active banks we found in Dallas and Kansas are the United Texas Bank and the Walton State Bank respectively.

METHODOLOGY

We used the FDIC and iBanknet websites to find all the financial details of the two banks that we identified as active banks in Dallas and Kansas. Using these reports, we were able to successfully collect all the data related to the total assets, total deposits, Annual ROA Pre-Tax, Annual ROA Post-Tax, and credit risk for these banks. The credit risk has been expressed in terms of the loan loss allowance. Screenshot of all the data we used to fill the spreadsheet has been provided in the attached Google document.

Please note that Evolve Bank & Trust has total assets of $473,202,000. Therefore, we assumed that the banks that were to be identified should have AUMs under $500,000,000.

SUMMARY

United Texas Bank

Total Assets: $458,649,000
Total Deposits: $369,931,000
Annual ROA Pre-Tax: 0.99%
Annual ROA Post-Tax: 0.85%
Income from Credit Card Fees: N/A
Credit Risk: $2,409,000

The Walton State Bank

Total Assets: $9,026,000
Total Deposits: $8,322,000
Annual ROA Pre-Tax: 0.03%
Annual ROA Post-Tax: 0.07%
Income from Credit Card Fees: N/A
Credit Risk: $37,000



Sources
Sources