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A User's Guide for the Bank Holding Company Performance Report

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A User's Guide for the Bank Holding Company Performance Report A User’s Guide for the Bank Holding Company Performance Report March 2013 Board of Governors of the Federal Reserve System Division of Banking Supervision and Regulation Washington, D.C. 20551 A User’s Guide for the Bank Holding Company Performance Report March 2013 March 2013 Edition Prepared by: Board of Governors of the Federal Reserve System Division of Banking Supervision and Regulation Monitoring and Surveillance Section 20th Street and Constitution Avenue, N.W. Washington, D.C. 20551-0001 BHCPR User’s Guide • March 2013 Foreword A User’s Guide for the Bank Hold- Questions or comments relating pertaining to information contained ing Company Performance Report is to this guide should be referred to in an individual bank holding com- designed to serve as an aid in using the Monitoring and Surveillance pany’s performance report should the Bank Holding Company Performance Section at the Federal Reserve be addressed to the appropriate Report (BHCPR). The guide provides Board of Governors by calling Federal Reserve Bank as indicated definitions of the financial ratios and Tony McGatlin at (202) 728-5894 or on the BHCPR cover page. The dis- items presented on each page of the Matt Mattson at (202) 452-2943. trict number, address, and telephone BHCPR. Specific questions or comments number of each Federal Reserve Bank are listed below. District Name and Address of Telephone Number Number Federal Reserve Bank (of Surveillance Staff) 1 Federal Reserve Bank of Boston (617) 973-3312 600 Atlantic Avenue Boston, MA 02106-2076 2 Federal Reserve Bank of New York (212) 720-5855 33 Liberty Street New York, NY 10045-0001 3 Federal Reserve Bank of Philadelphia (215) 574-6406 Ten Independence Mall Philadelphia, PA 19106-1574 4 Federal Reserve Bank of Cleveland (216) 579-2442 1455 East Sixth Street Cleveland, OH 44114-2566 5 Federal Reserve Bank of Richmond (804) 697-2716 701 East Byrd Street Richmond, VA 23219-7622 6 Federal Reserve Bank of Atlanta (404) 498-7155 1000 Peachtree Street, N.E. Atlanta, GA 30309-4470 7 Federal Reserve Bank of Chicago (312) 322-5924 230 South LaSalle Street Chicago, IL 60604-0834 8 Federal Reserve Bank of St. Louis (314) 444-8435 411 Locust Street St. Louis, MO 63102-2034 BHCPR User’s Guide • March 2013 iii 9 Federal Reserve Bank of Minneapolis (612) 204-5066 90 Hennepin Avenue Minneapolis, MN 55480-0291 10 Federal Reserve Bank of Kansas City (816) 881-4787 925 Grand Avenue Kansas City, MO 64198-0001 11 Federal Reserve Bank of Dallas (214) 922-6052 2200 N. Pearl Street Dallas, TX 75201 12 Federal Reserve Bank of San Francisco (415) 974-2929 101 Market Street San Francisco, CA 94105 iv BHCPR User’s Guide • March 2013 Table of Contents Page Foreword ....................................................................................................................................................................................... iii Section 1: Introduction ............................................................................................................................................................ 1-1 Section 2: Technical Information ........................................................................................................................................... 2-1 Section 3: Sample Bank Holding Company Performance Report and Definition of Items ..................................... 3-1 Introductory Page ................................................................................................................................................................... 3-3 Summary Ratios ..................................................................................................................................................................... 3-5 Income Statement—Revenues and Expenses ..................................................................................................................... 3-9 Relative Income Statement and Margin Analysis............................................................................................................ 3-12 Non-Interest Income and Expenses................................................................................................................................... 3-16 Assets ...................................................................................................................................................................................... 3-20 Liabilities and Changes in Capital ...........................................................................................................................................3-24 Percent Composition of Assets .......................................................................................................................................... 3-28 Loan Mix and Analysis of Concentrations of Credit ....................................................................................................... 3-31 Liquidity and Funding ........................................................................................................................................................ 3-35 Derivatives and Off-Balance Sheet Transactions ............................................................................................................. 3-39 Derivative Instruments ......................................................................................................................................................... 3-43 Derivatives Analysis ............................................................................................................................................................. 3-46 Allowance and Net Loan and Lease Losses ..................................................................................................................... 3-49 Past Due and Nonaccrual Assets ............................................................................................................................................ 3-53 Past Due and Nonaccrual Loans and Leases ......................................................................................................................... 3-57 Past Due and Nonaccrual Loans and Leases (continued) ............................................................................................... 3-60 Risk-Based Capital ............................................................................................................................................................... 3-64 Insurance and Broker-Dealer Activities ............................................................................................................................ 3-68 Foreign Activities .................................................................................................................................................................. 3-72 Servicing, Securitization, and Asset Sale Activity—Part I ............................................................................................... 3-74 Servicing, Securitization, and Asset Sale Activity—Part II ............................................................................................. 3-79 Servicing, Securitization, and Asset Sale Activity—Part III ............................................................................................ 3-84 Parent Company Income Statement .................................................................................................................................. 3-89 Parent Company Balance Sheet .......................................................................................................................................... 3-92 Parent Company Analysis—Part I ..................................................................................................................................... 3-96 Parent Company Analysis—Part II .................................................................................................................................. 3-101 Appendix A: Summary of Changes to the BHCPR ........................................................................................................... A-1 Appendix B: Sample Peer Group Average Reports ............................................................................................................B-1 Appendix C: BHCPR Ordering Instructions and Order Form .........................................................................................C-1 BHCPR User’s Guide • March 2013 v Section 1: Introduction The Bank Holding Company Perfor- iners in determining a bank holding It should be noted that no single mance Report (BHCPR) is an analyt- company’s financial condition and financial ratio, percentile rank, or ical tool produced by the Federal per formance based on financial trend shown in the BHCPR should be Reserve System for supervisory pur- statements, comparative ratios, trend assumed to be conclusive evidence of poses, including on-site examinations analyses, and percentile ranks relative a specific firm's financial condition. and inspections, off-site surveillance to its peers. In appraising a bank holding com- and monitoring, and analyses per- pany’s financial condition, an analyst formed in connection with applica- For purposes of this report, all refer- must make a judgment based on an tions filed with the Federal Reserve ences to “bank holding company(s)” analysis of a variety of factors and regarding mergers, acquisitions, are inclusive of “savings and loan inter relationships and on peer group and other matters. The BHCPRs are holding company(s)”
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