A strong performance by District community banks in 1998

Michelle Holloway and William R. Keeton

Regional Economic Digest, 1999, issue Q II, 15-22

Abstract: Community banks in Tenth District states had another good year in 1998. They continued to benefit from solid growth in the district economy. And in contrast to some large banks in other parts of the country, they were largely unaffected by the turmoil in financial markets in the latter part of the year. To be sure, average profitability would have edged down in 1998 were it not for the decision by a substantial number of banks to change their tax status. Even accounting for this effect, however, district community banks remained highly profitable. ; Furthermore, overall loan quality showed no sign of deterioration, and loan growth and deposit growth were both healthy. Community banks in the district also compared favorably with their peers in the rest of the nation in all performance measures.

Keywords: Banks and banking; Federal Reserve District, 10th (search for similar items in EconPapers)
Date: 1999
References: Add references at CitEc
Citations:

Downloads: (external link)
http://www.kansascityfed.org/publicat/red/PDF/2q99Bank.pdf (application/pdf)
Our link check indicates that this URL is bad, the error code is: 404 Not Found (http://www.kansascityfed.org/publicat/red/PDF/2q99Bank.pdf [301 Moved Permanently]--> https://www.kansascityfed.org/publicat/red/PDF/2q99Bank.pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:fip:fedkre:y:1999:i:qii:p:15-22

Ordering information: This journal article can be ordered from

Access Statistics for this article

More articles in Regional Economic Digest from Federal Reserve Bank of Kansas City Contact information at EDIRC.
Bibliographic data for series maintained by Zach Kastens ().