Mortgage Investments: Largest Gains by Commercial Banks
| Commercial Banks | |
| Published February 1, 2000 | |
| Overall Rank | Company Name | % Change |
|---|---|---|
41 | Popular Inc., San Juan, P.R. | 8,494.43% |
35 | Associated Banc-Corp, Green Bay, Wisc. | 322.17 |
1 | Bank of America Corp., Charlotte, N.C. | 264.13 |
43 | CNB Bancshares Inc., Evansville, Ind. | 235.11 |
39 | Zions Bancorp, Salt Lake City, Utah | 185.93 |
10 | Firstar Corp., Milwaukee | 91.03 |
48 | Firstmerit Corp., Akron, Ohio | 71.57 |
20 | Citigroup Inc., New York | 56.75 |
30 | Old Kent Financial Corp., Grand Rapids, Mich. | 46.95 |
36 | Hibernia Corp., New Orleans | 37.22 |
Source: Sheshunoff Information Services, Austin, Tex., a Thomson Financial Company, from its database of FDIC bank call reports. Mortgage Investments are the sum of the holdings of mortgage-backed security (MBS) pass-throughs, Remics, and 1-4 family res. mtg. loans inclusive of home equity loans/lines. Mortgage-backed security pass-throughs are the sum of securities held to maturity (amortized cost) and securities available for sale (fair market value) and certificates of participation in pools of residential mortgages issued by Fannie Mae or Freddie Mac or guaranteed by the Government National Mortgage Association (GNMA). MBS pass-throughs may also include holdings issued by others (depository institutions, insurance companies) that are not guaranteed by the U.S. Government. Remics include CMOs, residuals, and strips. Home Loans are one- to four-family residential mortgage loans outstanding whether purchased or originated by the bank. They include both first mortgage loans and home equity loans and lines.
© 2000 American Banker