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This document evaluates the Community Reinvestment Act performance of First State Bank in Junction, Texas, assessing its record of meeting the credit needs of low- and moderate-income neighborhoods.
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How to fill out community reinvestment act performance
How to fill out COMMUNITY REINVESTMENT ACT PERFORMANCE EVALUATION
01
Gather necessary documents and data related to your institution's lending, investment, and service activities.
02
Review the performance context to understand the community's needs and characteristics.
03
Analyze the institution's lending patterns to identify if they serve the local community effectively.
04
Document any community development activities or services provided by the institution.
05
Assess the responsiveness to the needs of low- and moderate-income individuals and neighborhoods.
06
Complete the performance evaluation form accurately, ensuring all required information is included.
07
Submit the performance evaluation to the appropriate regulatory agency for review.
Who needs COMMUNITY REINVESTMENT ACT PERFORMANCE EVALUATION?
01
Financial institutions regulated under the Community Reinvestment Act.
02
Regulatory agencies evaluating lender performance.
03
Community organizations seeking to understand local lending practices.
04
Investors and stakeholders interested in community development.
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People Also Ask about
What are the basics of CRA?
The Community Reinvestment Act or CRA is a United States Federal law that obligates banks to meet the credit needs of low- and moderate-income (“LMI”) people and areas in each community where the bank has a branch or conducts business.
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 4 general ratings on the CRA evaluation?
The Overall CRA rating is established by weighting the institution's State CRA rating, providing an overall CRA rating. CRA ratings are assigned using a four-tiered rating system: Outstanding, Satisfactory, Needs to Improve, and Substantial Noncompliance.
What are the 4 ratings of CRA?
Upon completion of a CRA examination, an overall CRA Rating is assigned using a four-tiered rating system. These ratings are: Outstanding, Satisfactory, Needs to Improve, and Substantial Noncompliance.
What three tests are used to evaluate CRA performance?
This performance evaluation assesses the bank's CRA performance under the large retail bank Lending, Investment, and Service Tests.
What is included in a CRA performance evaluation?
The CRA performance evaluation (PE) generally includes a description of the institution and its assessment area(s); conclusions about the bank's performance in each of its assessment areas: its CRA rating(s); and the facts, data, and analyses supporting the bank's conclusions and rating(s).
What are the 3 tests under CRA?
The large bank CRA performance standards include three tests, lending, investment, and service, which are discussed in greater detail below.
What are the four rating categories used to report Community Reinvestment Act CRA examination results?
A2. RatingTotal points Outstanding 20 or over Satisfactory 11 through 19 Needs to Improve 5 through 10 Substantial Noncompliance 0 through 4
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What is COMMUNITY REINVESTMENT ACT PERFORMANCE EVALUATION?
The Community Reinvestment Act Performance Evaluation is an assessment of a financial institution's efforts to meet the credit needs of its entire community, particularly low- and moderate-income neighborhoods.
Who is required to file COMMUNITY REINVESTMENT ACT PERFORMANCE EVALUATION?
All depository institutions, such as banks and savings associations, that are evaluated under the Community Reinvestment Act must file a performance evaluation with their primary federal regulator.
How to fill out COMMUNITY REINVESTMENT ACT PERFORMANCE EVALUATION?
Filling out the evaluation requires gathering data on lending, investment, and service performance, analyzing community needs, and addressing specific criteria set forth by regulatory agencies. Institutions should ensure accurate reporting of their outreach and responsiveness efforts.
What is the purpose of COMMUNITY REINVESTMENT ACT PERFORMANCE EVALUATION?
The purpose of the evaluation is to ensure that banks serve the banking needs of all segments of their communities and to encourage sustainable community development, providing targets for improvement.
What information must be reported on COMMUNITY REINVESTMENT ACT PERFORMANCE EVALUATION?
Information that must be reported includes the institution's lending, investment, and service performance data, assessment of community needs and responses, and self-assessment of compliance with CRA objectives.
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