Get the free Small Institution Performance Evaluation - federalreserve

This document evaluates Security Bank of Arlington's performance under the Community Reinvestment Act, assessing its record of meeting the credit needs of the community, particularly in low- and moderate-income

How to fill out small institution performance evaluation

How to fill out Small Institution Performance Evaluation

1. Gather necessary documents including institution's mission statement, financial statements, and performance data.
2. Review the Small Institution Performance Evaluation criteria to understand specific requirements.
3. Fill out the evaluation form section by section, ensuring all relevant data is included.
4. Provide evidence and documentation to support claimed performance indicators.
5. Ensure that any numerical data is accurately calculated and reflects the institution's performance.
6. Review the completed evaluation for clarity, conciseness, and completeness.
7. Submit the evaluation by the specified deadline.

Who needs Small Institution Performance Evaluation?

1. Small institutions seeking funding or validation of performance standards.
2. Regulatory bodies assessing the effectiveness and compliance of small institutions.
3. Stakeholders and partners looking for transparency and accountability in the institution's operations.

People Also Ask about

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.

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The 1977 Community Reinvestment Act (CRA), originally enacted by Congress to combat credit "redlining" in low- and moderate-income neighborhoods, includes a "service test" that could provide powerful incentives to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

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

What are the 4 areas of CRA?

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

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

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.

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.

For pdfFiller’s FAQs

What is Small Institution Performance Evaluation?

The Small Institution Performance Evaluation is an assessment tool used to evaluate the performance of small financial institutions, particularly focusing on their community involvement, lending practices, and overall compliance with regulatory requirements.

Who is required to file Small Institution Performance Evaluation?

Small financial institutions that are regulated by federal or state agencies and those that meet specific criteria regarding size and scope of operations are required to file a Small Institution Performance Evaluation.

How to fill out Small Institution Performance Evaluation?

To fill out the Small Institution Performance Evaluation, institutions must gather relevant financial data, complete the required forms, ensuring all sections are filled with accurate information, and then submit the evaluation to the appropriate regulatory body.

What is the purpose of Small Institution Performance Evaluation?

The purpose of the Small Institution Performance Evaluation is to ensure that small financial institutions operate in a safe and sound manner while serving their communities effectively and complying with applicable laws and regulations.

What information must be reported on Small Institution Performance Evaluation?

Institutions must report information such as lending activities, community development initiatives, investment practices, financial performance metrics, and compliance with regulatory standards on the Small Institution Performance Evaluation.