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9 FDIC Q. [ii] (2015)

handle is hein.journals/fdicquar9 and id is 1 raw text is: 2015, Volume 9, Number 1 Quarterly Banking Profile: Fourth Quarter 2014 FDIC-insured institutions reported aggregate net income of $36.9 billion in the fourth quarter of 2014, down $2.9 billion (7.3 percent) from earnings of $39.8 billion that the industry reported a year earlier. The decline in earnings was mainly attributable to a $4.4 billion increase in litigation expenses at a few large banks. More than half of the 6,509 insured institutions reporting (61.2 percent) had year-over-year growth in quarterly earnings. The proportion of banks that were unprofitable during the fourth quarter fell to 9.4 percent from 12.7 percent a year earlier. See page 1. Community Bank Performance Community banks-which represent 93 percent of insured institutions-reported net income of $4.8 billion in the fourth quarter, up $1 billion (27.7 percent) from one year earlier. The increase was driven by higher net operating revenue and lower loan loss provisions. In the fourth quarter of 2014, loan balances at community banks grew at a faster pace than in the industry, asset quality indicators continued to show improvement, and community banks accounted for 45 percent of small loans to businesses. See page 15. Insurance Fund Indicators Estimated insured deposits increased by 1 percent in the fourth quarter of 2014, and increased by 3.2 percent for all of 2014. The DIF reserve ratio was 1.01 percent at December 31, 2014, up from 0.88 percent at September 30, 2014, and 0.79 percent at December 31, 2013. Four FDIC-insured institutions failed during the quarter. See page 22. Featured Article: Brick-and-Mortar Banking Remains Prevalent in an Increasingly Virtual World This paper chronicles tong-term trends in the number and density of U.S. banking offices from 1935 to 2014. The study examines the effects that population trends, bank crises, changes in banking laws, and online and mobile banking have had on the number and density of banking offices, and explores the relationship between technology and brick-and-mortar bank offices. See page 37. The views expressed are those of the authors and do not necessarily reflect official positions of the Federal Deposit Insurance Corporation. Some of the information used in the preparation of this publication was obtained from publicly available sources that are considered reliable. However, the use of this information does not constitute an endorsement of its accuracy by the Federal Deposit Insurance Corporation. Articles may be reprinted or abstracted if the publication and author(s) are credited. Please provide the FDIC's Division of Insurance and Research with a copy of any publications containing reprinted material.

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