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This document evaluates the performance of Community First Bank in meeting the credit needs of its community, particularly in low- and moderate-income areas, in accordance with the Community Reinvestment

How to fill out community reinvestment act performance

How to fill out Community Reinvestment Act Performance Evaluation

1. Gather all necessary data regarding the institution's lending, investment, and service activities.
2. Review the Community Reinvestment Act (CRA) requirements and guidelines to ensure compliance.
3. Fill out the evaluation based on your institution's performance in meeting the credit needs of the community.
4. Provide qualitative and quantitative data to support the evaluation, including loan origination details and geographic distribution.
5. Include information on community development activities and partnerships.
6. Submit the completed performance evaluation to the appropriate regulatory agency within the stipulated timeframe.

Who needs Community Reinvestment Act Performance Evaluation?

1. Banks and financial institutions that are subject to the Community Reinvestment Act.
2. Regulatory agencies that assess the performance of these institutions regarding community reinvestment.
3. Community organizations and advocacy groups monitoring local lending practices.

People Also Ask about

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 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.

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 factors in evaluating an institution's CRA performance?

The bank's product offerings and business strategy. Institutional capacity and constraints. The bank's past performance and the performance of similarly situated lenders. The bank's public file and any written comments about the bank's CRA performance submitted to the bank or the FDIC.

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

For pdfFiller’s FAQs

What is Community Reinvestment Act Performance Evaluation?

The Community Reinvestment Act (CRA) Performance Evaluation is a review process used to assess a bank's performance in helping to meet the credit needs of the communities it serves, particularly in low- and moderate-income neighborhoods.

Who is required to file Community Reinvestment Act Performance Evaluation?

Banks and thrifts that have assets over a certain threshold are required to be evaluated under the Community Reinvestment Act and to file a Performance Evaluation.

How to fill out Community Reinvestment Act Performance Evaluation?

Filling out a CRA Performance Evaluation involves collecting data on the institution's lending activities, community development investments, and services to determine how well it meets local credit needs, followed by submitting this information to regulatory agencies as required.

What is the purpose of Community Reinvestment Act Performance Evaluation?

The purpose of the CRA Performance Evaluation is to encourage banks to meet the needs of all communities in which they operate and to ensure they are providing fair access to credit, thereby helping to revitalize and stabilize communities.

What information must be reported on Community Reinvestment Act Performance Evaluation?

The CRA Performance Evaluation must report on the bank's lending, investment, and service performance data, including the number and amount of loans made, community development initiatives undertaken, and any outreach efforts to low- and moderate-income populations.