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Agencies release annual CRA asset-size threshold adjustments for small, intermediate institutions

The federal bank regulatory agencies recently announced the annual adjustment to the asset-size thresholds used to define small bank, small savings association, intermediate small bank, and intermediate small savings association under the Community Reinvestment Act regulations.

The annual adjustments are required by the CRA rules. Financial institutions are evaluated under different CRA examination procedures based upon their asset-size classification. Those meeting the small and intermediate small institution asset-size thresholds are not subject to the reporting requirements applicable to large banks and savings associations unless they choose to be evaluated as a large institution.

As a result of the 0.84 percent increase in the CPI-W for the period ending in November 2016, the definitions of small and intermediate small institutions for CRA examinations will change as follows:

  • “Small bank” or “small savings association” means an institution that, as of Dec. 31 of either of the prior two calendar years, had assets of less than $1.226 billion.
  • “Intermediate small bank” or “intermediate small savings association” means a small institution with assets of at least $307 million as of Dec. 31 of both of the prior two calendar years and less than $1.226 billion as of Dec. 31 of either of the prior two calendar years.

You can read the entire release on the adjustments by clicking here.

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