As credit unions loans recently inched up to nearly $600 billion, lending at some community banks has been down for at least the past five months.
An analysis of first quarter Call Report filings by SNL Financial of banks with less than $10 billion in assets showed that their loans had decreased by nearly 1% from the end of 2011. Lending was also down compared with the first quarter last year.
One of the reasons for the drop may be borrowers continuing to deleverage and pay down debts, said SNL Financial, a financial services data tracking firm. Aggressive competition to woo top borrowers has also caused some conservative community banks to walk away from deals, the firm noted.
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