2013 CRA Threshold Updated

January 1st is a day when a lot of changes become effective in the compliance world.  New year, new rules.  The regulatory BSA Training and Banking Regulations Compliance Consulting amy11 - 2013 CRA Threshold Updatedagencies recently announced the asset-size thresholds for CRA was adjusted and will become effective January 1, 2013.

These thresholds determine whether an institution is classified as a small bank, intermediate-small bank or large bank for CRA purposes.  For either of the prior two calendar year-ends (December 31, 2012 & December 31, 2011):

  • A “small bank” or “small savings association” means assets less than $1.186 billion.
  • An “intermediate small bank” or “intermediate small savings association” means assets of at least $296 million but less than $1.186 billion.
  • A “large bank” or “large savings association” means assets of $1.186 billion or more.

We’ve never understood why these definitions have to be so confusing.  Here’s a much easier way to explain it:

If a bank. . . . Then it is. . . .
has assets under $296 million a Small Bank
has assets of $296 million but less than $1.186 billion an Intermediate Small Bank
has assets of $1.186 billion or more a Large Bank

Published
2012/12/27
Amy Kudlacek

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