CDFI Banking Industry Quarterly Profile: Third Quarter 2014 Financial Performance
As part of our work to “Tell the Story” of CDFI Banking, we publish Quarterly Profiles to highlight the financial performance of the industry. During the third quarter, the CDFI industry continued to grow with the addition of newly certified banks. There are now 107 certified banks, up from 75 at year end 2013 – a 43% increase. In addition to growing in number, the industry has grown substantially across a range of financial markers. For example, since the beginning of 2014, total assets have experienced a 35.0% change and total loans a 37.6% change, along with an increased interest margin. This report provides a snapshot of figures as of the end of the third quarter highlight industry trends of CDFI Banks.