Banking Conditions Survey

Downloadable chart

Downloadable chart

Downloadable chart

Downloadable chart

Downloadable chart

Downloadable chart

Downloadable chart

Comments from Survey Respondents

Respondents were given an opportunity to comment on any issues that may be affecting their business.

These comments are from respondents’ completed surveys and have been edited for publication.

• Supply disruptions and commodity cost increases (energy, lumber, building materials) are causing issues for our commercial customers. There seem to be a lot of inflationary forces in play currently.
• Interest rate reductions have helped us capture more indirect deals since late February.
• Heightened scrutiny of the Home Mortgage Disclosure Act (HDMA) along with applying HMDA to small business are issues of concern.
• We are beginning to see the embers of hope that we are on the other side of the COVID-19 pandemic, and businesses remain hopeful that the new round of stimulus will be spent by consumers to improve the economy. Our bank is highly liquid at the moment, as funds from the Paycheck Protection Program [PPP] have been received as well as stimulus funds into deposit accounts. It is still challenging to deploy these excess funds into quality loans and investments given the low interest rate environment we are in.
• We are beginning to see aggressive loan pricing along with some easing credit standards/terms by other banks in our market. We remain flush with liquidity, loan demand remains somewhat restrained, and other investment options remain unattractive.
• We are beginning to see a mix of factors affecting the mortgage area: a rise of 10-year Treasury rates starting to subdue refinance activity, along with supply/demand challenges in various markets, countered by continued optimism for the economic outlook.
• Positive momentum is building, and there is enthusiasm for potential reopening in April/May.
• I believe that with an effective vaccination rollout plan in place, more businesses will open to full capacity, and consumers will feel better about traveling, shopping, etc., thereby allowing the economy to improve.
• Single-family residential interim construction loans have increased by 400 percent as a result of the record-low mortgage rates. Volumes have impacted our ability to process the loans in a timely manner. Other areas of concern deal with the new incoming administration. Emphasis is on increased corporate taxes and increased regulations. Increased government deficit spending leads to concerns about increased inflation.
• The PPP loan deadline of March 31 should not be extended. The small businesses that needed the funds have already applied and received the funds. We are spending a great deal of time answering questions for small businesses that do not qualify or even need the funds.

Historical Data

Historical data can be downloaded dating back to March 2017. For the definitions, see data definitions.

• Indexes
• All data

NOTE: The following series were discontinued in May 2020: volume of core deposits, cost of funds, non-interest income and net interest margin.