|
| Home : Michael White-Securities America Report: Community Bank Investment Program Growth Through Three Quarters Is Good, But Slowing |
|
Jan 27
2012 |
Michael White-Securities America Report: Community Bank Investment Program Growth Through Three Quarters Is Good, But Slowing |
|
Michael White & Associates conduct a study on the performance of Community Banks on a quater-by-quarter basis. They publish a report on behalf of Securities America for advisors' perusal. |
|
LA VISTA, Neb. - Community bank investment programs continued to perform well in the first three quarters of 2011, with modest increases in securities brokerage fee income and double-digit growth in annuity commissions and fees, according to the Michael White-Securities America Report: Community Bank Investment Programs™.
The report measures and benchmarks investment programs at community banks, i.e., banks with less than $4 billion in assets, based on data reported by all 6,740 commercial banks and FDIC-regulated savings banks operating on September, 2011. The annual report examines the 6,574 community banks among the 6,740 and further segments them into five asset classes whose performance is also analyzed.
"Bank investment programs are an important segment of our business," said Gregg Johnson, Securities America senior vice president and director of branch development. "These benchmarks are an essential tool for our advisors and the bank programs they support."
"Given the state of the economy, community banks' investment program revenues have done well growing at 4.4% through three quarters of 2011," continued Johnson. "In fact, revenues of community bank investment programs continue to be the best since 2008. It is true that program growth has slowed as the year progressed. Still, mean program income is 7.8% higher than it was in 2010 and ranks as the best year in mean program income since 2007."
The report analyzed several key measurements commonly used in banks:
• Program Production - investment program fee income
• Program Penetration - program revenue generated per million dollars of core or retail deposits
• Program Concentration - the portion of total noninterest income attributable to a specific kind of noninterest fee income as an indicator of how meaningful bank investment programs are among banks' non-lending activities
• Program Productivity - program fee income per bank employee
• Program Density - program fee income per domestic banking office
Third Quarter YTD 2011 vs Third Quarter YTD 2010 Investment Program Income
Performance Benchmarks for Community Banks
Performance Measures: 2011 Mean Ratios/2010 Mean Ratios
Production - Dollar Volume: $248,021/$230,046
Concentration - % of Noninterest Income (adjusted): 9.2%/ 7.8%
Penetration - $ per Million Dollars of Retail Deposits: $597/$658
Productivity - $ per Bank Employee: $1,813/$1,679
Density - $ per Domestic Office: $39,300/$38,498
SOURCE: Michael White-Securities America Report: Community Bank Investment Programs™
The report also analyzed the growth in income from securities brokerage fees and annuity fees, and identified which community banks were leading in those areas of income. CenterState Bank of Florida (FL) led in investment program fee income with $19.37 million. In the area of annuity fee income, Lake City Bank (IN) led with $1.58 million.
About Securities America
Headquartered in La Vista, Neb., Securities America Inc. is the nation's seventh largest independent broker-dealer (as ranked by Financial Planning magazine, June 2011, based on 2010 total revenue). For more than 25 years, Securities America's mission has been to foster the success of financial professionals so they can provide quality, objective counsel and services to their clients. Advisors benefit from the firm's industry-leading programs in practice management, advisory services and retirement income distribution, supported by state-of-the-art technology. Founded in 1993, Securities America Advisors Inc. is an SEC-Registered Investment Advisory firm that offers investment management, financial advice and financial planning through a national network of independent financial advisors. Securities America received the inaugural Thought Leadership Award from the Retirement Income Industry Association in March 2011. Additional information is available at www.securitiesamerica.com.
About Michael White Associates
Michael White Associates, LLC (MWA) is a consulting, publishing and research firm headquartered in Radnor, PA, and online at www.BankInsurance.com. Produced by Michael White and Michael White Associates, LLC (MWA), the Michael White-Securities America Report: Community Bank Investment Programs™ measures and benchmarks the performance of community banks' investment programs. The annual Michael White-ABIA Bank Annuity Fee Income Report™ and Michael White-Prudential Bank Insurance Fee Income Report™ provide, respectively, comprehensive analyses of bank annuity commission income and bank insurance brokerage. Additionally, the MWA Fee Income Ratings Reports™ compare, rank and rate a particular financial institution's insurance or other noninterest fee income program nationally, regionally, statewide and in its asset-peer group. Copies of MWA reports can be ordered by calling (610) 254-0440, or by visiting www.BankInsurance.com.
For additional information contact:
Securities America, Inc.
Phone: (800) 747-6111
Gregg H. Johnson, Senior Vice President, ext. 1002
Email: gjohnson@saionline.com
Tim Militti, Regional Vice President, ext. 7100
Email: tmilitti@saionline.com Michael White Associates, LLC
Phone: (610) 254-0440
Michael D. White, Ph.D., CLU, ChFC, President
Email: MWA@BankInsurance.com
Securities America Advisors, Inc. - An SEC Registered Investment Advisory Firm
Securities America, Inc. - Member FINRA/SIPC
SAI#443196 |
| Source:http://www.1888pressrelease.com/michael-white-securities-america-report-community-bank-inve-pr-367369.html |
| |
|
Related News
|
» Texas Executes Convicted Killer
» Norbar India Official Launch Success
|
|
|
