Economy Continues to Threaten Community Banks
Community banks in the U.S. south are showing signs of improvement, but they continue to face income pressure tied to lower loan demand and low interest rates, according to the Office of the Comptroller of the Currency. Officials said Wednesday that banks have higher capital levels and more money available for loans, based on an analysis of financial data through the second quarter. While more than 80 percent of the 511 community banks in the nine southern states received the highest level of rating, loan demand declined at 38 percent of the district's institutions, according to the comptroller's office.
From "Economy Continues to Threaten Community Banks"
Tennessean (09/26/13) McGee, Jamie
Community banks in the U.S. south are showing signs of improvement, but they continue to face income pressure tied to lower loan demand and low interest rates, according to the Office of the Comptroller of the Currency. Officials said Wednesday that banks have higher capital levels and more money available for loans, based on an analysis of financial data through the second quarter. While more than 80 percent of the 511 community banks in the nine southern states received the highest level of rating, loan demand declined at 38 percent of the district's institutions, according to the comptroller's office.
From "Economy Continues to Threaten Community Banks"
Tennessean (09/26/13) McGee, Jamie
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