CRA Asset Size Adjustment
By David Dickinson
The regulatory agencies have adjusted the definitions of "Small Bank", "Intermediate Small Bank" and "Large Bank" in an announcement this week. It apparently takes 14 pages to say the following:
The definition of "small bank" for CRA examinations means an institution that, as of December 31 of either of the prior two calendar years, had assets of less than $274 million.
The definition of "intermediate small bank" for CRA examinations means an institution that, as of December 31 of either of the prior two calendar years, had assets of at least $274 million but less than $1.098 billion.
A "large bank" for CRA purposes is one that has assets of at least $1.098 billion.
These asset thresholds have decreased from 2009.
