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This document evaluates The Bank of Livingston's performance under the Community Reinvestment Act, focusing on its efforts to meet the credit needs of the local community, particularly low- and moderate-income

How to fill out small institution performance evaluation

How to fill out Small Institution Performance Evaluation

1. Gather necessary documentation related to the institution's performance.
2. Review the evaluation criteria outlined for the Small Institution Performance Evaluation.
3. Complete the evaluation form step by step, ensuring all required sections are filled out.
4. Provide data and metrics that reflect the institution's performance in each area.
5. Include any additional explanatory notes that may clarify the submitted information.
6. Review the completed evaluation for accuracy and completeness before submission.
7. Submit the evaluation to the relevant authority by the designated deadline.

Who needs Small Institution Performance Evaluation?

1. Small institutions seeking to assess their performance and compliance.
2. Regulatory bodies and funding agencies that require performance evaluations from small institutions.
3. Accreditation organizations that need documentation of institutional effectiveness.

People Also Ask about

What are the three tests for CRA?

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

What is the CRA test?

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.

What are the three tests used in a CRA examination?

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.

How are small banks evaluated for CRA?

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

Which of the following performance tests are small banks required to be examined under?

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 is a CRA exam?

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

What is the CRA service test?

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

What are the 4 areas of CRA?

Those four areas include Affordable Housing, Community Services, Economic Development, and Revitalization/Stabilization or rather fighting blight.

For pdfFiller’s FAQs

What is Small Institution Performance Evaluation?

Small Institution Performance Evaluation is an assessment tool used by regulatory agencies to evaluate the performance of small financial institutions, typically considering aspects such as lending practices, service delivery, and overall community impact.

Who is required to file Small Institution Performance Evaluation?

Small financial institutions, such as community banks and credit unions, are typically required to file Small Institution Performance Evaluations as part of their compliance with regulatory standards.

How to fill out Small Institution Performance Evaluation?

To fill out the Small Institution Performance Evaluation, institutions need to gather relevant data on their lending activities, community services, and compliance with regulatory requirements, and then input this information into the structured evaluation form provided by the regulatory agency.

What is the purpose of Small Institution Performance Evaluation?

The purpose of the Small Institution Performance Evaluation is to assess how well these institutions are serving their communities, ensure compliance with banking regulations, and promote transparency in their operations.

What information must be reported on Small Institution Performance Evaluation?

Information that must be reported includes details on loan origination and approval processes, types of products offered, community engagement activities, and compliance with fair lending laws and regulations.