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FDIC-insured institutions increased earnings in the first quarter of 2012

For the 11th consecutive quarter, commercial banks and savings institutions insured by the FDIC have increased in profits. FDIC-insured institutions reported an aggregate profit of $35.3 billion in the first quarter of 2012. However, after three consecutive quarterly increases, loan balances declined 0.8 percent.

The banking industry is gradually improving. More than two-thirds of all institutions reported improvements in their quarterly net income from the previous year and asset quality indicators are improving.

FDIC's most recent Quarterly Banking Profile contains results from the first quarter of 2012. The results display findings such as total loan balances decline, slowed flow of money into insured deposit accounts, number of "problem" institutions falling, and the FDIC balance continuously increasing.

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