2021 US Community Bank Market Report

S&P Global Market Intelligence has just released its 2021 US Community Bank Market Report. This annual report contains an in-depth look into bank regulation, profitability and credit quality, while also providing an outlook for the U.S. banking industry over the next five years. This year’s report examines the U.S. government’s efforts to mitigate the economic blow of the coronavirus pandemic and the impact those actions have had on community banks' profitability and credit quality. The report also includes five-year income statement and balance sheet projections for the community bank group.

Key Takeaways:

• Government stimulus, actions by the Federal Reserve and community banks’ support for borrowers through
  forbearance and the Paycheck Protection Program have significantly mitigated credit losses, but they also led to
  pressure on net interest income — the key source of revenue for most community banks.
• Fed efforts to flood the markets with liquidity and historically high consumer savings rates stemming from
  government stimulus led to outsized deposit growth in 2020. Deposits rose nearly 13% from year-ago levels.

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