Office of Thrift Supervision Fact Book, 2006. A Statistical Profile of the Thrift Industry

摘要

During 2006, OTS-regulated thrifts reported strong annual results. During the fourth quarter, however, earnings, profitability, and asset quality measures decreased. The decrease reflected the slowdown in housing markets and the changing cycle for residential mortgage lending. At year-end, 845 thrifts reported assets of $1.41 trillion, a four percent decrease over the year. OTS supervised 475 holding company enterprises with U. S. domiciled consolidated assets of approximately $8.0 trillion at year-end. Holding company enterprises owned 448 thrifts with total assets of $1.3 trillion, or 91 percent of total thrift industry assets. Net income was $15.89 billion in 2006, down three percent from the record $16.40 billion earned in 2005. Industry profitability, measured by return on average assets (ROA), stood at 1.06 percent for the year, down from 1.19 in 2005. Lower net interest margin and fee income combined with higher loan loss provisions and noninterest expense drove the ROA decline for 2006 compared to 2005. Return on average equity (ROE) was 11.21 percent for the year, down from 12.83 percent one year ago. The industrys capital position remained strong, stable, and well in excess of minimum requirements. At year-end, the equity capital ratio was a record 10.71 percent of total assets, up from 9.45 percent one year ago. Total mortgage originations in 2006 were $642.2 billion, down 14 percent from $744.1 billion in 2005, the industrys second best volume. In 2006, 1-4 family originations were $553 billion, down 19 percent from $656 billion in 2005. Asset quality remained strong for all loan types over the year, but delinquencies were up from recent lows. Noncurrent loan rates (Loans over 89 days past due or in nonaccrual status), excluding repurchased GNMA loans, climbed 15 basis points as a percent of total assets over the year. Since thrift loan portfolios contain significant proportion of recently originated or unseasoned loans, OTS is closely monitoring thrift loan performance and asset quality.