2012 CRA Threshold Updated
By Amy Kudlacek
As you can probably tell from our blogs over that last couple days, January 1st is a day when a lot of changes occur in the compliance world. Next on the list...CRA. The thresholds for CRA were recently adjusted and were effective January 1. These thresholds are based on an institution's asset size as of December 31st of either of the prior two calendar years and determine an institution’s classification as either a small bank, intermediate small bank or large bank.
For 2012 the thresholds are as follows:
- A "small bank" or "small savings association" means assets less than $1.160 billion
- An "intermediate small bank" or "intermediate small savings association" means assets of at least $290 million but less than $1.160 billion
- A "large bank" or "large savings association" means assets of $1.160 billion or mor