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This document evaluates the Community Reinvestment Act (CRA) performance of the Bank of Troy, assessing its record of meeting the credit needs of its community, including low- and moderate-income
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How to fill out small institution performance evaluation

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How to fill out Small Institution Performance Evaluation

01
Gather necessary documentation related to institutional performance.
02
Review the evaluation criteria specified by the relevant authority.
03
Begin filling out the evaluation form with institutional data.
04
Provide evidence for each performance metric as required.
05
Review and edit responses to ensure clarity and accuracy.
06
Submit the completed evaluation form by the designated deadline.

Who needs Small Institution Performance Evaluation?

01
Small institutions aiming to assess their performance.
02
Accrediting bodies requiring performance evaluations for accreditation.
03
Stakeholders seeking to understand the institution's effectiveness.
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People Also Ask about

The large bank performance criteria — the lending, investment, and service tests — cover all banks with assets of $250 million or more and banks, regardless of asset size, owned by holding companies with total bank and thrift assets of $1 billion or more unless they requested designation and received approval as
The VitalScan coronary artery respiratory assessment (CRA) enables cardiologists to detect early-stage CAD in order to prescribe treatment, lifestyle changes and pharmaceutical interventions. VitalScan CRA testing can easily be performed in a standard office, hospital or clinic setting.
Streamlined procedures with an emphasis on lending were adopted for small institutions, while large banks are evaluated under a three-part lending, service and investment test. Wholesale and limited purpose banks are evaluated under a community development test.
Evaluate whether the institution's average net loan-to- deposit ratio is reasonable in light of information from the performance context including, as applicable, the institution's capacity to lend, the capacity of other similarly-situated institutions to lend in the assessment area(s), demographic and economic factors
The Lending Test for Small banks. The Lending Test is the only test a Small bank is required to complete. Just like it sounds, this test is all about the bank's lending performance. Specifically, this test examines a bank's applicable home mortgage loans, small business loans, and small farm loans.
How often does the OCC conduct a CRA examination? CRA RatingAggregate AssetsExamination Period* Outstanding $250 million or less No sooner than 60 months after the most recent examination Satisfactory $250 million or less No sooner than 48 months after the most recent examination
The 1977 Community Reinvestment Act (CRA), originally enacted by Congress to combat credit "redlining" in low- and moderate-income neighborhoods, includes a "service test" that could provide powerful incentives to financial institutions for improving retail banking services for low-income unbanked and underbanked
Those four areas include Affordable Housing, Community Services, Economic Development, and Revitalization/Stabilization or rather fighting blight.

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Small Institution Performance Evaluation is a process used to assess the performance of small financial institutions in regards to their service to the community, including lending practices, investments, and services offered.
Small institutions that are subject to regulatory oversight and must demonstrate their compliance with community reinvestment requirements are required to file Small Institution Performance Evaluation.
To fill out Small Institution Performance Evaluation, institutions must gather relevant data regarding their lending activities, community services, and investment in their assessment area. They need to follow the prescribed guidelines from the regulatory body and submit the evaluation according to the specified timeline.
The purpose of Small Institution Performance Evaluation is to ensure that small financial institutions are meeting the credit needs of the communities they serve, promoting community development, and fostering equitable access to financial services.
The information that must be reported includes lending data, community investments, the quality of services provided, and any outreach efforts to underserved populations. Additionally, institutions must report on performance context and any factors that influence their community engagement.
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