Two depository institutions have composite CAMELS ratings of 1 or 2 and are ‘well capitalized.'
Thus, each institution falls into the FDIC Risk Category I deposit insurance assessment scheme. Further, the institutions have the following financial ratios and CAMELS ratings:
Tier I leverage ratio (%) |
|
8.77 |
|
|
7.90 |
|
Loans past due 30-89 days/gross assets (%) |
|
0.60 |
|
|
0.71 |
|
Nonperforming assets/gross assets (%) |
|
0.50 |
|
|
0.65 |
|
Net loan charge-offs/gross assets (%) |
|
0.43 |
|
|
0.47 |
|
Net income before taxes/risk-weighted assets (%) |
|
2.30 |
|
|
2.01 |
|
Adjusted brokered deposits ratio (%) |
|
0.00 |
|
|
15.71 |
|
CAMELS components: |
|
|
|
|
|
|
C |
|
1 |
|
|
1 |
|
A |
|
2 |
|
|
1 |
|
M |
|
2 |
|
|
2 |
|
E |
|
2 |
|
|
2 |
|
L |
|
2 |
|
|
2 |
|
S |
|
1 |
|
|
1 |
|
|
Pricing Multiplier |
Uniform Amount |
4.861 |
Tier I leverage ratio (%) |
(0.056) |
Loans past due 30-89 days/gross assets (%)
|
0.575 |
Nonperforming assets/gross assets (%) |
1.074 |
Net loan charge-offs/gross assets (%) |
1.210 |
Net income before taxes/risk-weighted assets (%) |
(0.764) |
Adjusted brokered deposits ratio (%) |
0.065 |
Weighted average CAMELS component ratings |
1.095 |
Calculate the initial deposit insurance assessment rate for each institution. (Do not round intermediate calculations. Round your answers to 2 decimal places. (e.g., 32.161))