About 228 loan
About 228 loan
Blog Article
The Board evaluates a small lender's document of assisting to meet the credit needs of its complete Neighborhood pursuant towards the Small Lender Lending Test as presented in paragraph (a)(2) of this portion, Except the compact lender opts to generally be evaluated pursuant for the Retail Lending Examination in § 228.22.
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The Board will acquire these opinions under consideration in connection with the financial institution's up coming scheduled CRA assessment.
To acquire supporting conclusions for geographic distributions of closed-finish home house loan loans, modest business enterprise loans, and small farm loans, the Board evaluates the bank's overall performance by evaluating the Geographic Bank Metric to performance ranges, based on the Geographic Current market Benchmark, the Geographic Community Benchmark, and multipliers, as explained in paragraphs V.b and V.c of appendix A to this component.
The Board evaluates a bank's Local community advancement products and services efficiency in the facility-primarily based evaluation region and assigns a summary for just a facility-based evaluation area, by looking at one or more of the next:
For every main products line, a Geographic Group Benchmark, calculated pursuant to paragraph III.c of appendix A to this part for facility-based assessment areas and retail lending evaluation regions, and paragraph III.e of appendix A to this part for outside retail lending locations.
The Board's consideration of your department distribution metrics is informed by the subsequent benchmarks:
A lender will have to delineate one or more facility-based assessment parts in which the Board evaluates the financial institution's report of assisting to fulfill the credit score needs of its full Local community pursuant on the overall performance checks and strategic prepare described in § 228.21.
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The Board weights the bank's functionality rating with the general performance exams relevant to a big lender as follows:
A little financial institution, or even a bank which was a little bank in the prior calendar year, must consist of in its general public file the lender's loan-to-deposit ratio for each quarter of the prior calendar 12 months and, at its possibility, extra knowledge on its loan-to-deposit ratio.
The Board considers the weighted typical of your efficiency scores akin to the lender's Group Development Expert services Exam conclusions for its facility-dependent evaluation spots inside a Point out, multistate MSA, or perhaps the establishment pursuant to section IV of appendix B to this element.
(ii) The variety and percentage of originations and programs of mixture mortgage lending of all lenders reporting HMDA details in the ability-primarily based evaluation area and as applicable, the retail lending evaluation place; and
A bank have to maintain a community file, in both paper or electronic format, that includes the next info: