Each quarter, the FDIC issues a single page, three part economic and banking profile for every state. You can look up any state from their website.
What You Can Learn
The data is usually timely, released about two months after each quarter’s end. It is a good macro snapshot of key economic and financial institution trends.
It provides three current data sets:
- Macro economic indicators including the % changes in employment growth , housing permits issued, home price index and rate of bankruptcy filings.
- Banking trends showing number of institutions, total assets, asset quality, capital/earnings, liquidity and loan concentration trends for five quarter ends.
- Banking profile including the # of banks in the five largest deposit markets and the distribution by asset size within the state. Note the September report uses the latest 2019 bank deposit report.
Adding Credit Unions to the Totals
Using external databases from Callahans and NCUA, an analyst can easily add credit union numbers to the banking profile to see total market size and individual firm share.
In many states there is a marked difference in the balance sheet composition for banks and credit unions. However, growth and financial ratios can be compared for relative performance trends.
The one caution is that the institutional performance ratios from the FDIC data are based on the median( the number half way in the set), whereas most credit union data is a weighted average which is a better indicator of a system’s overall standing.