Pub. 7 2017-2018 Issue 5

What Bank Execs Told Us About Deposit Competition Slightly fewer than two-thirds of the nation’s banks reported an increase in competition for deposits over the past 12 months. And an even larger fraction – nearly 75% – expect deposit competition to intensify over the next year. While this may not surprise industry leaders, it may interest folks to know that banks in the Northeast are bracing themselves for far more competition than their counterparts in the Midwest, South, and West. Expectations vary by asset size as well. 1300 North 17th Street, Suite 1800 • Arlington, VA 22209 (866) 776-6426 • www.promnetwork.com What are your expectations for deposit competition for your bank 12 months from now? Expect Deposit Competition to INCREASE Expect Deposit Competition to REMAIN THE SAME Expect Deposit Competition to DECREASE All bank respondents 77% 20% 2% Respondents from Banks with assets of $1 billion or less 76% 22% 2% Respondents from Banks with assets of $1 billion - $10 billion 84% 14% 2% Respondents from Banks in the Northeast 93% 7% 0% Respondents from Banks in the Midwest 70% 20% 2% Respondents from Banks in the South 75% 24% 1% Respondents from Banks in the West 70% 25% 6% These statistics are brought to you by Promontory Interfinancial Network’s Bank Executive Business Outlook Survey, published quarterly. To download the complete survey, go to promnetwork.com/bank-surveys/Q32017. Source: Promontory Interfinancial Network Bank Executive Business Outlook Survey, Q3 2017 01/18 Glenn Martin, Regional Director Promontory Interfinancial Network Arlington, VA