The Q2 2021 ABA Credit Conditions Report finds that near-term expectations for credit quality and availability have improved markedly for both consumers and businesses, building on the recovery that began last quarter.
Browsing: ABA Data Bank
Small businesses have demonstrated steady interest in the third round of the Paycheck Protection Program.
Health savings accounts saw robust asset growth in 2020, with $82.2 billion in assets held in 30.2 million accounts, according to a survey by consulting firm Devenir. Assets were up 25% from a year ago, while the number of HSAs grew by 6%
The banking sector experienced an unprecedented inflow of deposits in 2020 that continued through the fourth quarter that was fueled by federal stimulus programs such as economic impact payments, expanded unemployment benefits and PPP loans.
Out of nearly 1.7 million round 3 PPP loans, more than 1.3 million first and second draw loans have gone to small businesses with 10 or fewer employees:
The U.S economy will grow about 4% over the four quarters of 2021, the strongest growth in nearly two decades after the deepest recession since the Great Depression, according to the latest forecast of the American Bankers Association’s Economic Advisory Committee.
For ag lenders, credit quality and the deterioration of agricultural loans, competition from other lenders and weak loan demand remain the top three concerns. For producers, lenders continued to be most concerned about the liquidity, income and leverage of their ag borrowers.