Page 20 - US Market Performance Report 1Q 2018

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Banking Summary
The number of banks, like credit unions, remain in a declining trend, with banks consolidating/failing at slightly faster rates than credit unions. The annual rate of decline of banks is as follows:
The banking industry remains “top-heavy”, with the largest institutions having disproportionately large amounts of the industry’s business. The table shows the Top 10 banks by assets had 51.3% of the banking total in March 2018. Not shown is the fact the Top 300 banks had 88.6% of the total banking assets.
Notice that individually, each of the Top 3 banks have total assets in excess of the total credit union industry, with the fourth (Citibank), only slightly smaller than the total credit union industry.
‘09-10 = -4.4% ‘10-11 = -3.9% ‘11-12 = -3.7%
‘12-13 = -3.8% ‘13-14 = -4.5% ‘14-15 = -5.0%
‘15-16 = -4.4% ‘16-17 = -4.1% ‘17-18 = -5.6%
This has also likely contributed to a projected 10-year low in the total number of bank branches, even though the population has increased
2009 = 99,525 peak 2018 = 88,666 (-10.9%)
FDIC Insured Banks: Top 10 by Assets SOURCE: FDIC, MARCH 2018 CALL REPORTS
in thousands
% of FDIC Totals
CERT# NAME
ASSETS DEPOSITS NET LOANS TOTAL EQUITY
netloans totalequity asset % dep % % %
628 JPMorgan Chase Bank 3510 Bank of America
3511 Wells Fargo Bank 7213 Citibank
6548 U.S. Bank 6384 PNC Bank
639 The Bank of New York Mellon 18409 TD Bank
4297 Capital One
14 State Street Bank & Trust
$2, 198, 296, 000 $1, 765, 242, 000 $1, 716, 532, 000 $1, 406, 778, 000
$452, 255, 735 $368, 067, 095 $297, 107, 000 $294, 829, 791 $289, 877, 587 $247, 203, 427
$1, 559, 153, 000 $1, 410, 412, 000 $1, 357, 716, 000 $1, 001, 264, 000
$355, 061, 230 $271, 052, 724 $244, 019, 000 $251, 598, 480 $235, 874, 014 $196, 061, 010
$831, 203, 000 $911,181,000 $919, 532, 000 $628, 567, 000 $278, 268, 217 $219, 968, 519
$29, 807, 000 $139, 796, 286 $155, 044, 415
$29, 661, 959
$214, 969, 000 $205, 713, 000 $164, 231, 000 $145, 968, 000
$47, 152, 428 $37, 913, 453 $27, 571, 000 $37, 224, 252 $38, 051, 912 $23, 121, 423
12. 48% 10. 02% 9. 74% 7. 98% 2. 57% 2. 09% 1. 69% 1. 67% 1. 65% 1. 40%
11.48% 10. 39% 10. 00%
7. 37% 2. 61% 2. 00% 1. 80% 1. 85% 1. 74% 1. 44%
8. 59% 9. 42% 9. 50% 6. 50% 2. 88% 2. 27% 0. 31% 1. 44% 1. 60% 0. 31%
10. 92% 10. 45% 8. 34% 7. 41% 2. 40% 1. 93% 1. 40% 1. 89% 1. 93% 1. 17%
10 SUB-TOTALS 5,605 ALL OTHERS 5,615 ALL BANKS
AVERAGES
$9,036,188,635
$8, 584, 499, 534 $17, 620, 688, 169
$6,882,211,458
$6, 697, 798, 705 $13, 580, 010, 163
$4,143,029,396 $5, 531, 992, 876 $9, 675, 022, 272
$941,915,468 $1, 026, 663, 220 $1, 968, 578, 688
51. 3% 50. 7% 42. 8% 47. 8% 48. 7% 49. 3% 57. 2% 52. 2%
10 SUB-TOTALS 5,605 ALL OTHERS 5,615 ALL BANKS
$903, 618, 864 $1, 531, 579 $3, 138, 146
$688, 221, 146 $1, 194, 969 $2, 418, 524
$414, 302, 940 $986, 975 $1, 723, 067
$94, 191, 547 $183, 169 $350, 593
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