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This document evaluates the Community Reinvestment Act performance of the Security State Bank of Pecos, Texas, assessing its record of meeting credit needs for low- and moderate-income neighborhoods.

How to fill out small institution performance evaluation

How to fill out Small Institution Performance Evaluation

1. Gather necessary documentation such as financial statements and program reports.
2. Review the evaluation criteria specified by the overseeing authority.
3. Complete the general information section with accurate institution details.
4. Assess and document the institution's performance in each relevant area.
5. Provide evidence and examples to support performance assessments.
6. Prepare a summary that highlights the institution's achievements and areas for improvement.
7. Submit the completed evaluation along with any required supplementary materials before the deadline.

Who needs Small Institution Performance Evaluation?

1. Small financial institutions that are regulated by federal or state agencies.
2. Institutions looking to evaluate their performance for compliance purposes.
3. Organizations seeking improvement strategies based on systemic evaluations.
4. Stakeholders interested in understanding the institution's operational 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?

The Small Institution Performance Evaluation (SIPE) is a tool used by regulatory agencies to assess the performance of small financial institutions in areas such as lending, investment, and service to their community.

Who is required to file Small Institution Performance Evaluation?

Small financial institutions, generally those with assets below a certain threshold, are required to file the Small Institution Performance Evaluation as part of their regulatory obligations.

How to fill out Small Institution Performance Evaluation?

To fill out the Small Institution Performance Evaluation, institutions need to gather relevant financial data, complete all required sections of the evaluation form, and ensure compliance with regulatory guidelines before submission.

What is the purpose of Small Institution Performance Evaluation?

The purpose of the Small Institution Performance Evaluation is to promote transparency and assess how well small institutions are meeting the credit needs of their communities, ensuring fair access to financial services.

What information must be reported on Small Institution Performance Evaluation?

Information that must be reported includes lending activity, investment in community development, services provided to the community, demographics of the service area, and overall performance in relation to regulatory standards.