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Top 50 Commercial Banks in Mortgage Investments (Q3 1999)

February 01, 2000, 10:08 a.m. EST 1 Min Read
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Top 50 Commercial Banks in Mortgage Investments (Q3 1999)
Top 50 Commercial Banks in Mortgage
Investments (Q3 1999)

As of Sept. 30, 1999 (dollars in millions)
Published February 1, 2000

Rank Company Name Total Mortgage-Backed Securities
pass-throughs		 REMICs Home Mortgage Loans
9/30/99 9/30/98 % Change 9/30/99 9/30/98 % Change 9/30/99 9/30/98 % Change 9/30/99 9/30/98 % Change

1

 Bank of America Corp., Charlotte, N.C. $131,433 $36,095 264.13% $32,056 $6,776 373.08% $441 $76 480.26% $98,936 $29,243 238.33%

2

 First Union Corp., Charlotte, N.C. 76,038 73,140 3.96 23,816 23,456 1.53 7,109 6,193 14.79 45,113 43,490 3.73

3

 Chase Manhattan Corp., New York 69,932 74,252 -5.82 27,812 35,017 -20.58 33 33 0.16 42,087 39,202 7.36

4

 Wells Fargo & Co., San Francisco 50,862 53,712 -5.31 19,426 18,405 5.55 2,323 2,996 -22.44 29,113 32,311 -9.90

5

 Fleet Boston Financial Corp., Boston 29,678 32,247 -7.97 10,848 10,821 0.26 97 50 91.73 18,733 21,376 -12.36

6

 Bank One Corp., Chicago 29,009 25,643 13.13 4,829 5,102 -5.35 373 658 -43.40 23,807 19,883 19.74

7

 PNC Bank Corp., Pittsburgh 23,422 22,144 5.77 1,131 226 399.40 2,403 1,280 87.76 19,889 20,638 -3.63

8

 Suntrust Banks Inc., Atlanta 23,079 24,025 -3.94 3,337 3,826 -12.78 0 106 -99.95 19,742 20,093 -1.75

9

 National City Corp., Cleveland 23,043 19,488 18.24 4,948 2,801 76.62 1,575 372 323.62 16,520 16,315 1.26

10

 Firstar Corp., Milwaukee 19,048 9,971 91.03 2,958 1,922 53.89 1,231 530 132.27 14,859 7,519 97.62

11

 Saban S.A., Marina Bay 15,664 15,946 -1.76 11,222 12,550 -10.58 494 471 4.88 3,948 2,925 34.98

12

 Summit Bancorp, Princeton, N.J. 13,959 12,219 14.23 1,724 1,303 32.29 2,590 2,005 29.16 9,644 8,911 8.24

13

 U.S. Bancorp, Minneapolis 13,958 12,136 15.01 2,794 2,621 6.60 0 0 0.00 11,164 9,515 17.33

14

 Keycorp, Cleveland 13,809 14,682 -5.95 1,764 2,478 -28.81 8 15 -49.40 12,037 12,188 -1.24

15

 Fifth Third Bancorp, Cincinnati 13,412 12,191 10.02 7,019 6,000 16.97 310 325 -4.54 6,084 5,866 3.72

16

 Mellon Financial Corp., Pittsburgh 12,987 13,944 -6.86 6,042 5,061 19.39 11 19 -42.47 6,934 8,864 -21.77

17

 Regions Financial Corp., Birmingham, Ala. 12,306 9,864 24.75 1,265 1,174 7.80 61 20 207.79 10,980 8,671 26.63

18

 ABN AMRO Holding NV, Netherlands 12,296 9,785 25.66 8,667 6,453 34.32 506 678 -25.44 3,123 2,654 17.66

19

 BB&T Corp., Winston-Salem, N.C. 12,075 11,061 9.17 2,010 1,815 10.75 175 176 -0.25 9,890 9,070 9.04

20

 Citigroup Inc., New York 10,655 6,797 56.75 759 488 55.50 1 2 -50.00 9,895 6,307 56.88

21

 Wachovia Corp., Winston-Salem, N.C. 10,264 10,887 -5.73 2,956 3,358 -11.98 138 176 -21.67 7,170 7,353 -2.48

22

 HSBC Holdings Plc., London, England 10,088 10,475 -3.70 857 1,195 -28.26 30 39 -23.20 9,200 9,241 -0.44

23

 Amsouth Bancorp, Birmingham, Ala. 9,986 8,682 15.02 3,244 2,126 52.62 1,098 1,071 2.53 5,644 5,486 2.89

24

 SouthTrust Corp., Birmingham, Ala. 8,593 8,025 7.07 1,622 1,401 15.76 21 71 -70.11 6,949 6,553 6.04

25

 Union Planters Corp., Memphis 7,483 6,185 20.98 677 482 40.56 34 536 -93.69 6,772 5,167 31.06
Rank Company Name Total Mortgage-Backed Securities
pass-throughs		 REMICs Home Mortgage Loans
9/30/99 9/30/98 % Change 9/30/99 9/30/98 % Change 9/30/99 9/30/98 % Change 9/30/99 9/30/98 % Change

26

 TCF Financial Corp., Wayatza, Minn. $7,369 $6,986 5.48% $1,591 $1,664 -4.42% 0 0 0.00% $5,779 $5,322 8.58%

27

 First Tennessee National Corp., Memphis 6,434 5,865 9.71 170 212 -19.93 $734 $518 41.69 5,530 5,135 7.71

28

 Northern Trust Corp., Chicago 6,220 5,719 8.76 3 5 -29.57 2 5 -62.30 6,215 5,710 8.85

29

 M&T Bank Corp., Buffalo 5,953 5,892 1.03 431 732 -41.14 620 416 49.16 4,901 4,744 3.32

30

 Old Kent Financial Corp., Grand Rapids, Mich. 5,931 4,036 46.95 488 216 125.84 333 428 -22.15 5,111 3,393 50.64

31

 Huntington Bancshares, Columbus, Ohio 5,864 5,162 13.60 1,756 1,082 62.29 0 0 0.00 4,108 4,079 0.69

32

 Bank of Montreal, Montreal (Harris Bancorp, Chicago) 5,808 5,440 6.76 2,381 2,004 18.83 0 0 0.00 3,427 3,437 -0.28

33

 Marshall & Ilsley Corp., Milwaukee 5,450 5,200 4.81 683 1,044 -34.62 158 169 -6.18 4,610 3,988 15.60

34

 Allied Irish Banks Limited, Dublin 5,102 3,839 32.89 2,065 1,664 24.11 420 516 -18.66 2,617 1,660 57.72

35

 Associated Banc-Corp, Green Bay, Wisc. 4,909 1,163 322.17 1,255 54 2,206.59 0 0 0.00 3,654 1,108 229.66

36

 Hibernia Corp., New Orleans 4,594 3,348 37.22 1,055 625 68.84 2 2 -28.02 3,537 2,721 30.01

37

 Bank of Tokyo-Mitsubishi, Tokyo (UnionBanCal, SF) 4,589 4,427 3.66 822 415 98.02 0 0 0.00 3,768 4,012 -6.10

38

 First Security Corp., Salt Lake City 4,106 3,954 3.84 638 610 4.50 703 284 147.85 2,765 3,060 -9.64

39

 Zions Bancorp, Salt Lake City, Utah 4,054 1,418 185.93 1,350 114 1,084.90 0 0 0.00 2,703 1,304 107.33

40

 Comerica Inc., Detroit 3,817 4,752 -19.69 1,499 2,259 -33.63 13 24 -46.60 2,305 2,470 -6.67

41

 Popular Inc., San Juan, P.R. 3,539 41 8,494.43 377 0 NA 134 0 0.00 3,027 41 7,299.36

42

 Royal Bank of Scotland Group, Edinburgh (Citizens Finl., R.I.) 3,342 3,604 -7.26 601 618 -2.68 0 0 0.00 2,741 2,986 -8.21

43

 CNB Bancshares Inc., Evansville, Ind. 3,334 995 235.11 2,060 273 654.83 0 0 0.00 1,274 722 76.45

44

 North Fork Bancorp., Melville, N.Y. 3,296 3,269 0.80 1,186 1,378 -13.88 0 0 0.00 2,109 1,892 11.50

45

 Colonial BancGroup Inc., Montgomery, Ala. 3,206 3,317 -3.35 583 468 24.79 0 0 0.00 2,623 2,850 -7.96

46

 Bancwest Corp., Honolulu 3,023 3,111 -2.84 578 578 0.00 1 1 -30.96 2,445 2,533 -3.48

47

 Commerce Bancshares Inc., Kansas City, Kans. 2,947 2,863 2.94 1,814 2,018 -10.11 0 0 0.00 1,133 845 34.10

48

 Firstmerit Corp., Akron, Ohio 2,918 1,701 71.57 844 386 118.67 0 0 0.00 2,074 1,315 57.74

49

 Bank of New York Co. 2,897 2,923 -0.91 399 342 16.64 0 0 0.00 2,498 2,581 -3.23

50

 Provident Bankshares Corp., Baltimore 2,871 2,532 13.37 705 516 36.67 0 0 0.00 2,166 2,017 7.42
Totals for the top 50 commercial banks $764,651 $625,154 22.31% $209,121 $176,135 18.73% $24,180 $20,259 19.35% $531,350 $428,760 23.93%
Totals for all commercial banks $1,061,335 $880,404 20.55% $275,859 $231,942 18.93% $28,089 $22,186 26.61% $757,388 $626,276 20.94%

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