press release

CBA Statement on FDIC Q3 2021 Quarterly Banking Profile


Consumer Bankers Association President and CEO Richard Hunt today issued the following statement after the Federal Deposit Insurance Corporation (FDIC) released the Q3 2021 Quarterly Banking Profile:

“The FDIC’s third quarter profile reaffirms the strength and resiliency of America’s leading banks who are helping drive our economic recovery forward. Positive deposit growth and improved credit quality will ensure banks are poised to deliver on their commitment to lend responsibly. It’s also encouraging to see the number of ‘problem banks’ fall to the lowest level ever recorded. As the economy contends with the ongoing impact of the COVID-19 pandemic, banks will continue to support hardworking families and small businesses across every community they serve.”


  • Quarterly net income continues to increase compared to last year because of a third consecutive quarter of negative provision expense, though it has declined 1.2% from Q2 2021.
  • Net interest margin rose modestly following last quarter’s record low, though remains 12 basis points lower than a year ago.
  • Loan balances continued to build on the growth started in Q2 2021 due to several portfolios, including 1-4 family residential mortgages, consumer loans, nonfarm residential commercial real estate loans, and loans to non-depository institutions. 
  • Deposit growth accelerated from 1.5% growth in second quarter 2021 to 2.3% growth in third quarter 2021. 
  • Equity capital growth continues to remain strong.
  • The total number of banks from the FDIC’s “Problem Bank List” fell from 51 in second quarter 2021 to 46 in third quarter 2021, the lowest level since Quarterly Banking Profile data collection began in 1984.
  • During the third quarter, three new banks opened, 39 institutions merged with other FDIC-insured institutions, one bank ceased operations, and no banks failed. 

To read the FDIC’s Q3 2021 Quarterly Banking Profile, click HERE

To read CBA’s statement on the FDIC’s Q2 2021 Quarterly Banking Profile released in September, click HERE.



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