The asset-size thresholds, used to determine whether an institution is classified as a small bank, intermediate-small bank or large bank, for CRA purposes have been updated. Effective January 1, 2018:
- A “small bank” or “small savings association” means assets less than $1.252 billion for either of the prior two calendar years (December 31, 2017 & December 31, 2016).
- An “intermediate small bank” or “intermediate small savings association” means assets of at least $313 million for both of the two prior calendar years but less than $1.252 billion for either of those same years.
- A “large bank” or “large savings association” means assets of $1.252 billion or more for both of the prior two calendar years.
Published
2017/12/26
Amy Kudlacek