商業銀行經營評價(ppt69)(文件)

　

【正文】 stable deposits that are not highly interest ratesensitive. ? Core deposits are more sensitive to the fees charged, services rendered, and location of the bank. ? Core deposits include: demand deposits, NOW accounts, MMDAs, and small time deposits. 17/69 Borrowings (volatile funds) ? Large, or volatile, borrowings are liabilities that are highly ratesensitive. ? Normally issued in uninsured denominations. ? Their ability to borrow is sensitive to the markets perception of their asset quality. ? Volatile liabilities or noncore liabilities include: ? large CDs (over 100,000) ? deposits in foreign offices ? federal funds purchased ? repurchase agreements ? other borrowings with maturities less than one year 18/69 Capital: Subordinated notes and debentures ? Notes and bonds with maturities in excess of one year. ? Longterm uninsured debt. ? Most meet requirements as bank capital for regulatory purposes. ? Unlike deposits, the debt is not federally insured and claims of bondholders are subordinated to claims of depositors. 19/69 Capital: Stockholders39。 Unearned ine。s estimate of potential lost revenue from bad loans. ? It is subtracted from interest ine in recognition that some of the reported interest ine overstates what will actually be received when some of the loans go into default. ? Chargeoffs indicate loans that a bank formally recognizes as uncollectable and chargesoff against the loss reserve. 27/69 Loanloss provisions (PLL) The reserve’ s maximum size is determined by tax. Provisions for loan losses Reserve for Loan Losses Recoveries Charge offs Tax Law 28/69 Ine statement: PNC CNB, 2023 + Interest ine (II) 72% 92% Interest expense (IE) 38% 27% = Net interest Ine (NII) + Noninterest ine (OI) 27% 8% Noninterest expense (OE) 35% 46% Loanloss provisions (PLL) % % = Operating ine before securities transactions and taxes +() Realized gains or losses % 0% = Pretax operating ine Taxes % % = Net ine % % 29/69 Realized securities gains (or losses) ? They arise when a bank sells securities from its investment portfolio at prices above (or below) the initial or amortized cost to the bank. ? Generally, securities change in value as interest rates change, but the gains or losses are unrealized (meaning that the bank has not sold the securities to capture the change in value). 30/69 Relationship between balance sheet and ine statement ? The position of assets and liabilities and the relationships between different interest rates determine interest ine. ? The mix of deposits between consumer and mercial customers affects the services provided and thus the magnitude of noninterest ine and noninterest expense. ? The ownership of nonbank subsidiaries increases fee ine but often raises noninterest expense. 31/69 Relationship between balance sheet and ine statement ? Expenses and loan losses directly effect the balance sheet. ? The greater the size of loan portfolio, the greater is operating overhead and PLL. ? Consumer loans are usually smaller and hence more expensive (noninterest) per dollar of loans. 32/69 Return on equity (ROE = NI / TE) … the basic measure of stockholders ’ returns ? ROE is posed of two parts: ? Return on Assets (ROA = NI / TA) ? represents the returns to the assets the bank has invested in. ? Equity Multiplier (EM = TA / TE) ? the degree of financial leverage employed by the bank. EMROATETATANIROE ????33/69 Return on assets (ROA = NI / TA) …can be deposed into two parts: ? Asset utilization (AU) → ine genera