Alabama Banking Almanac – 2Q21
We are pleased to present the latest installment of Banking Almanac, a comprehensive report on all Alabama banks and thrifts with data as of and for the twelve months ended June 30, 2021 as well as a comprehensive view of Community Bank performance, defined as banks with less than $2B in assets for banks in Alabama and the nation.
Alabama’s Community Banks had another strong quarter in Q2 21, with profitability slightly above Q1 levels due to stabilized Net Interest Margin, improved cost controls and benign credit. The industry continued to see strong deposit growth, but loan production was down slightly from Q1 performance. Net Interest Margin and cost savings will continue to be our industry’s near term focus. Ongoing consolidation to achieve scale, especially from Credit Unions will be an ongoing storyline within our state. Alabama has had two Credit Unions acquisitions of banks within the past two months.
Click here for Banking Almanac in PDF.
This report examines Alabama institutions by a variety of financial measures:
- Total Assets
- Net Interest Margin
- Non-Interest Income
- Non-Interest Expense
- Asset Quality Score
- Pre-Tax Return on Average Equity
For more information on Porter White’s community bank practice, please click here.