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This document evaluates an institution's adherence to the Community Reinvestment Act, focusing on how well it meets the credit needs of its community, including assessments of performance in metropolitan

How to fill out intermediate small institution performance

How to fill out Intermediate Small Institution Performance Evaluation

1. Gather necessary documents, including financial statements and performance metrics.
2. Review the regulatory requirements for the evaluation.
3. Complete the institution's information section, including name and address.
4. Provide accurate data for each performance category, such as lending, investment, and service.
5. Use the worksheet provided to calculate performance ratios.
6. Ensure all information is up-to-date and reflects the institution's current condition.
7. Review the evaluation for completeness and accuracy before submission.

Who needs Intermediate Small Institution Performance Evaluation?

1. Intermediate Small Institutions (ISIs) that meet specific asset size requirements.
2. Regulatory bodies conducting evaluations to assess the performance of financial institutions.
3. Stakeholders and community organizations interested in understanding the institution's compliance and performance.

People Also Ask about

What performance standards do agencies use to determine an intermediate small bank (CRA) rating?

Agencies use the small bank lending test and community development test as performance standards to gauge an intermediate small bank's CRA rating.

What three tests are used to evaluate CRA performance?

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.

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 performance standards do the agencies generally use to determine an intermediate small bank's community reinvestment act rating?

To evaluate community development loans, investments, and services under the intermediate small bank community development test, examiners will review (1) any information a bank may provide, including the results of any assessment of community development needs or opportunities if conducted by the bank, and (2)

How are CRA ratings determined?

An institution's assessment area reflects those areas in which it operates branches, accepts deposits and/or does a significant amount of lending. Based on the evaluation, a rating of 1-4 is assigned. 1 - indicates an Outstanding record of helping to meet community credit needs.

Are intermediate small institutions evaluated on two tests?

Among the revisions to the regulations, “intermediate small banks” are defined under §345.12 (u) These banks are evaluated under two tests: the small bank lending test and a community development test.

What are the CRA requirements for intermediate small banks?

Under the current CRA regulations, “small bank” means a bank that, as of December 31 of either of the prior two calendar years, had assets of less than $1.564 billion; and “intermediate small bank” means a small bank with assets of at least $391 million as of December 31 of both of the prior two calendar years and less

What are the CRA requirements for intermediate small banks?

Under the current CRA regulations, “small bank” means a bank that, as of December 31 of either of the prior two calendar years, had assets of less than $1.564 billion; and “intermediate small bank” means a small bank with assets of at least $391 million as of December 31 of both of the prior two calendar years and less

For pdfFiller’s FAQs

What is Intermediate Small Institution Performance Evaluation?

The Intermediate Small Institution Performance Evaluation is a regulatory framework used to assess the performance of certain smaller banks, ensuring they are meeting the credit needs of their communities while adhering to the Community Reinvestment Act (CRA).

Who is required to file Intermediate Small Institution Performance Evaluation?

Intermediate Small Institutions, which are banks and savings associations with asset sizes between $320 million and $1.3 billion, are required to file the Intermediate Small Institution Performance Evaluation.

How to fill out Intermediate Small Institution Performance Evaluation?

To fill out the Intermediate Small Institution Performance Evaluation, institutions must complete various sections detailing their lending, investment, and service performance, along with a narrative that supports the evaluation criteria set forth by regulators.

What is the purpose of Intermediate Small Institution Performance Evaluation?

The purpose of the Intermediate Small Institution Performance Evaluation is to assess how well these institutions are serving the credit needs of their communities, ensuring fair access to lending and investment opportunities.

What information must be reported on Intermediate Small Institution Performance Evaluation?

Information that must be reported includes details on lending practices, the geographic distribution of loans, investments made in community development, and service delivery methods to ensure compliance with the CRA.