New survey results from financial information company Sageworks revealed that federal bank and credit union examiners have focused largely on asset quality during exams.
Three quarters of respondents to the Sageworks Bank & Credit Union Examination Survey named asset quality as an area of focus by examiners from the NCUA, FDIC, Office of the Comptroller of the Currency and the Federal Reserve during their most recent exams, according to the Raleigh, N.C.-based firm.
Asset-quality issues under scrutiny by examiners included risk-rating systems, higher delinquency rates and non-performing loans, loan reviews that were inconsistent or not completed annually, and quality issues related to growth, the economy or continued real estate devaluation, the survey said.
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