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7 FDIC Q. [ii] (2013)

handle is hein.journals/fdicquar7 and id is 1 raw text is: 2013, Volume 7, Number 1 uarterly Banking Profile: Fourth Quarter 2012 FDIC-insured institutions reported aggregate net income of $34.7 billion in the fourth quarter of 2012, a $9.3 billion (36.9 percent) improvement from the $25.3 billion in profits the industry reported in the fourth quarter of 2011. This is the 14th quarter in a row that earnings have registered a year-over-year increase. Increased noninterest income and lower provisions for loan tosses continued to account for most of the year- over-year improvement in earnings. For the full year, industry earnings totaled $141.3 billion-a 19.3 percent improvement over 2011 and the second-highest ever reported by the industry after the $145.2 billion earned in 2006. Seepage 1. Insurance Fund Indicators Estimated insured deposits increased by 2.2 percent. The DIF reserve ratio was 0.45 percent at December 31, 2012, up from 0.35 percent at September 30, 2012, and 0.17 percent at December 31, 2011. Eight FDIC- insured institutions failed during the quarter. See page 15. Highlights From the 2012 Summary of Deposits Each year as of June 30, the FDIC surveys each FDIC-insured institution to collect information on bank and thrift deposits and operating branches and offices. The resulting Summary of Deposits (SOD) is a valuable resource for analyzing deposit and office trends as well as domestic deposit market share. This article high- lights findings from the 2012 SOD. See page 27. The views expressed are those of the authors and do not necessarily reflect official positions of the Federal Deposit Insurance Corporation. Some of the information used in the preparation of this publication was obtained from publicly available sources that are considered reliable. However, the use of this information does not constitute an endorsement of its accuracy by the Federal Deposit Insurance Corporation. Articles may be reprinted or abstracted if the publication and author(s) are credited. Please provide the FDIC's Division of Insurance and Research with a copy of any publications containing reprinted material.