Board of Governors of the Federal Reserve System

Charge-Off and Delinquency Rates on Loans and Leases at Commercial Banks

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Charge-Off Rates

100 Largest Banks, NSA
 Real estate loansConsumer loansLeasesC&I loansAgricultural loansTotal loans and leases
AllBooked in domestic officesAllCredit cardsOther
Residential 1 Commercial 2 Farmland
2023:10.04 -0.01 0.11 0.05 1.82 2.84 0.83 0.05 0.26 0.37 0.44 
2022:40.01 -0.02 0.05 -0.16 1.61 2.27 0.98 0.12 0.25 -0.09 0.39 
2022:3-0.01 -0.03 0.02 -0.01 1.18 1.82 0.60 0.04 0.16 -0.03 0.27 
2022:2-0.02 -0.03 0.00 -0.12 1.07 1.84 0.40 0.05 0.14 0.10 0.25 
2022:1-0.01 -0.02 0.00 0.13 1.02 1.71 0.45 0.27 0.12 0.15 0.24 
2021:4-0.00 -0.02 0.03 0.16 0.90 1.48 0.40 0.13 0.11 -0.11 0.21 
2021:3-0.02 -0.06 0.04 -0.02 0.88 1.60 0.27 0.01 0.16 -0.05 0.21 
2021:2-0.00 -0.06 0.06 -0.13 1.25 2.45 0.25 0.19 0.23 -0.06 0.30 
2021:10.01 -0.04 0.07 0.06 1.64 2.88 0.58 0.28 0.28 0.04 0.39 
2020:40.07 -0.03 0.18 -0.03 1.50 2.48 0.62 0.48 0.48 0.38 0.46 
2020:30.06 -0.01 0.16 -0.04 1.85 3.26 0.56 0.82 0.53 1.03 0.52 
2020:20.04 -0.01 0.09 0.18 2.31 3.89 0.82 0.55 0.66 0.33 0.63 
2020:1-0.01 -0.03 -0.00 0.10 2.40 3.77 0.98 0.22 0.52 0.25 0.61 
2019:40.01 0.00 0.02 0.05 2.32 3.54 1.03 0.28 0.40 0.32 0.58 
2019:3-0.02 -0.06 0.02 0.12 2.25 3.45 0.98 0.14 0.39 0.27 0.55 
2019:2-0.02 -0.04 0.01 0.04 2.31 3.74 0.82 0.20 0.31 0.24 0.53 
2019:10.02 0.01 0.03 0.32 2.41 3.78 0.93 0.18 0.27 0.38 0.55 
2018:4-0.01 -0.01 0.00 0.10 2.31 3.50 1.00 0.17 0.29 -0.04 0.54 
2018:3-0.01 -0.03 0.02 0.15 2.19 3.39 0.88 0.13 0.23 0.98 0.49 
2018:2-0.01 -0.03 0.01 0.02 2.29 3.68 0.80 0.17 0.25 0.46 0.51 
2018:10.02 0.04 -0.00 -0.12 2.36 3.73 0.91 0.11 0.26 0.30 0.54 
2017:40.01 0.02 0.01 0.01 2.31 3.57 0.96 0.19 0.37 0.36 0.58 
2017:30.03 0.04 0.01 -0.01 2.12 3.30 0.91 0.14 0.30 0.33 0.51 
2017:20.01 0.03 -0.01 0.05 2.16 3.60 0.72 0.15 0.37 0.42 0.52 
2017:10.05 0.08 -0.00 0.01 2.32 3.55 1.11 0.11 0.30 0.22 0.55 
2016:40.04 0.07 -0.02 0.03 2.18 3.41 0.95 0.17 0.41 0.40 0.55 
2016:30.05 0.10 -0.03 0.01 1.80 2.84 0.78 0.21 0.42 0.19 0.48 
2016:20.06 0.10 -0.00 0.00 1.85 3.10 0.63 0.21 0.45 0.22 0.50 
2016:10.08 0.16 -0.03 0.03 1.94 3.13 0.76 0.31 0.40 0.33 0.51 
2015:40.13 0.23 -0.03 0.01 1.84 2.89 0.80 0.20 0.33 -0.01 0.51 
2015:30.09 0.15 -0.02 -0.03 1.67 2.72 0.66 0.16 0.24 0.03 0.44 
2015:20.14 0.21 0.02 -0.07 1.77 3.00 0.58 0.10 0.21 0.12 0.46 
2015:10.21 0.32 -0.01 -0.00 1.83 3.00 0.68 0.14 0.15 -0.04 0.49 
2014:40.18 0.28 0.00 0.05 1.89 2.97 0.83 0.09 0.23 0.06 0.52 
2014:30.20 0.28 -0.00 -0.12 1.82 2.87 0.78 0.10 0.18 -0.06 0.50 
2014:20.20 0.28 0.04 0.35 2.06 3.44 0.67 0.05 0.18 0.02 0.54 
2014:10.27 0.40 0.02 0.07 2.09 3.31 0.85 0.00 0.20 0.06 0.59 
2013:40.37 0.53 0.07 -0.02 2.17 3.31 0.97 0.02 0.24 0.15 0.66 
2013:30.41 0.51 0.13 -0.06 2.08 3.18 0.90 0.00 0.25 0.30 0.67 
2013:20.61 0.80 0.25 -0.22 2.23 3.62 0.75 0.16 0.27 -0.02 0.79 
2013:10.79 1.01 0.36 0.36 2.41 3.78 0.93 0.39 0.31 -0.15 0.93 
2012:40.95 1.16 0.53 0.61 2.56 3.79 1.17 0.14 0.28 0.80 1.04 
2012:31.51 1.96 0.58 0.64 2.51 3.76 1.09 0.36 0.45 0.58 1.33 
2012:21.14 1.35 0.74 0.78 2.66 4.16 0.97 0.22 0.47 0.75 1.20 
2012:11.29 1.54 0.81 0.37 2.77 4.29 1.04 0.11 0.48 0.41 1.30 
2011:41.36 1.49 1.16 0.58 3.09 4.54 1.40 0.32 0.66 0.28 1.47 
2011:31.51 1.65 1.30 0.60 3.68 5.67 1.34 0.17 0.69 0.28 1.66 
2011:21.70 1.83 1.50 0.83 3.66 5.60 1.37 0.10 0.74 0.50 1.79 
2011:11.77 1.88 1.64 1.10 4.68 6.99 1.83 0.16 1.07 1.06 2.14 
2010:42.30 2.15 2.78 1.05 5.10 7.72 2.01 0.72 1.36 2.10 2.57 
2010:32.28 2.11 2.83 0.83 5.56 8.59 1.94 0.47 1.74 1.96 2.78 
2010:22.42 2.36 2.73 0.96 7.08 11.05 2.24 0.69 1.79 1.13 3.18 
2010:12.65 2.75 2.50 0.78 7.05 10.55 2.59 0.82 1.97 2.84 3.36 
2009:43.10 3.08 3.37 0.67 6.11 10.24 3.28 1.35 2.61 1.12 3.36 
2009:32.65 2.71 2.73 0.62 6.12 10.32 3.33 1.36 2.66 0.96 3.13 
2009:22.46 2.63 2.31 0.29 6.05 9.87 3.38 1.29 2.34 0.60 2.90 
2009:11.81 2.06 1.44 0.16 5.11 7.65 3.25 0.71 1.81 0.49 2.28 
2008:41.99 1.82 2.46 0.31 4.44 6.19 3.24 0.72 1.52 0.34 2.18 
2008:31.73 2.07 1.25 0.06 3.76 5.74 2.52 0.52 0.98 0.27 1.68 
2008:21.22 1.33 1.10 0.17 3.38 5.39 2.17 0.27 0.80 0.22 1.38 
2008:10.80 0.96 0.52 0.10 3.09 4.63 2.08 0.30 0.63 0.08 1.09 
2007:40.45 0.49 0.39 0.06 2.96 4.14 2.17 0.34 0.82 0.09 0.94 
2007:30.22 0.27 0.14 0.12 2.52 3.94 1.57 0.28 0.40 0.12 0.64 
2007:20.16 0.19 0.10 0.02 2.40 3.82 1.45 0.12 0.38 0.08 0.57 
2007:10.14 0.16 0.10 -0.05 2.48 3.94 1.48 0.11 0.30 0.08 0.56 
2006:40.14 0.13 0.16 0.19 2.36 3.64 1.45 0.28 0.37 0.25 0.55 
2006:30.08 0.11 0.03 0.06 2.33 3.93 1.19 0.06 0.24 0.01 0.49 
2006:20.07 0.08 0.03 0.23 2.01 3.58 0.93 0.06 0.20 0.10 0.43 
2006:10.07 0.10 0.02 0.01 1.89 3.14 0.98 0.18 0.15 0.23 0.40 
2005:40.07 0.08 0.03 0.02 3.45 6.13 1.43 0.78 0.34 -0.15 0.75 
2005:30.06 0.07 0.04 0.08 3.21 4.33 2.34 1.05 0.11 0.04 0.68 
2005:20.06 0.07 0.04 0.04 2.48 4.30 1.07 0.19 0.16 0.08 0.53 
2005:10.07 0.08 0.04 0.10 2.69 4.56 1.21 0.30 0.17 0.10 0.59 
2004:40.10 0.10 0.08 0.18 3.01 4.73 1.74 0.48 0.40 -0.16 0.70 
2004:30.08 0.09 0.06 0.08 2.59 4.36 1.29 0.35 0.35 0.24 0.61 
2004:20.09 0.10 0.07 0.09 2.84 5.40 1.24 0.35 0.53 0.41 0.68 
2004:10.12 0.14 0.07 0.02 2.89 5.29 1.37 0.42 0.72 0.47 0.77 
2003:40.31 0.41 0.07 0.07 3.14 5.76 1.53 0.63 1.13 0.56 1.01 
2003:30.15 0.13 0.17 0.11 2.83 5.10 1.49 0.75 1.27 0.50 0.91 
2003:20.16 0.16 0.13 0.14 2.99 5.58 1.51 1.00 1.44 0.14 0.97 
2003:10.15 0.16 0.10 0.09 3.10 5.64 1.58 1.00 1.58 0.49 1.06 
2002:40.18 0.16 0.18 0.36 3.17 5.36 1.77 1.61 1.88 1.03 1.20 
2002:30.16 0.17 0.14 0.10 3.10 5.47 1.63 0.83 2.29 0.86 1.28 
2002:20.16 0.19 0.12 0.15 3.09 5.82 1.41 1.00 1.93 0.80 1.22 
2002:10.18 0.18 0.16 0.19 4.09 8.01 1.65 0.78 1.57 0.77 1.28 
2001:40.26 0.24 0.24 0.44 3.34 5.70 1.84 0.80 2.40 0.33 1.40 
2001:30.42 0.59 0.15 0.14 2.73 4.87 1.43 0.76 1.38 1.76 1.07 
2001:20.15 0.18 0.10 0.35 2.50 4.73 1.10 0.52 1.21 0.81 0.88 
2001:10.14 0.14 0.11 0.55 2.51 4.37 1.26 0.45 0.97 1.40 0.81 
2000:40.13 0.16 0.07 0.36 3.07 4.22 2.17 0.35 1.25 0.86 1.02 
2000:30.10 0.12 0.05 0.18 2.19 3.79 0.98 0.29 0.64 0.67 0.64 
2000:20.08 0.10 0.04 -0.07 2.14 3.77 0.92 0.27 0.66 0.19 0.62 
2000:10.09 0.12 0.03 -0.74 2.42 4.27 1.14 0.26 0.53 0.28 0.62 
1999:40.12 0.16 0.04 0.12 2.50 4.34 1.30 0.38 0.72 0.29 0.75 
1999:30.12 0.17 0.03 0.23 2.40 4.11 1.25 0.26 0.48 0.64 0.63 
1999:20.07 0.11 0.01 0.03 2.17 4.13 0.89 0.30 0.50 0.43 0.59 
1999:10.06 0.09 0.01 0.02 2.64 4.77 1.13 0.27 0.42 0.39 0.67 
1998:40.06 0.08 0.02 0.04 2.63 4.71 1.15 0.23 0.54 0.34 0.70 
1998:30.05 0.08 -0.03 -0.05 2.55 4.76 1.01 0.25 0.35 0.13 0.74 
1998:20.02 0.07 -0.09 0.20 2.71 4.92 1.02 0.25 0.29 -0.04 0.64 
1998:10.05 0.09 -0.02 0.06 2.86 5.05 1.17 0.26 0.28 0.03 0.67 
1997:40.07 0.10 -0.00 0.97 2.76 4.75 1.20 0.35 0.27 0.29 0.64 
1997:30.07 0.09 -0.01 0.09 2.81 5.01 1.07 0.20 0.29 0.11 0.67 
1997:20.06 0.11 -0.05 -0.02 2.85 5.11 1.03 0.22 0.17 0.14 0.65 
1997:10.03 0.09 -0.10 -0.12 2.71 4.69 1.10 0.20 0.13 -0.05 0.59 
1996:40.07 0.11 -0.00 -0.07 2.55 4.32 1.14 0.24 0.11 0.05 0.57 
1996:30.11 0.09 0.14 0.07 2.42 4.25 1.00 0.29 0.14 0.11 0.56 
1996:20.13 0.12 0.14 0.18 2.39 4.47 0.86 0.16 0.22 0.11 0.58 
1996:10.15 0.13 0.19 -0.01 2.41 4.29 0.93 0.15 0.24 0.03 0.61 
1995:40.20 0.17 0.31 0.11 2.23 3.79 0.97 0.16 0.26 0.17 0.59 
1995:30.18 0.14 0.27 0.05 2.08 3.73 0.80 0.03 0.31 -0.21 0.56 
1995:20.24 0.16 0.45 0.29 1.83 3.32 0.65 0.23 0.03 0.12 0.41 
1995:10.18 0.13 0.28 0.00 1.72 2.99 0.65 -0.00 0.14 -0.28 0.43 
1994:40.50 0.23 1.05 0.29 1.94 3.38 0.77 0.14 0.20 1.07 0.59 
1994:30.37 0.17 0.75 0.23 1.66 3.07 0.63 0.14 0.13 0.20 0.46 
1994:20.58 0.25 1.21 0.09 1.77 3.27 0.63 0.04 0.22 0.15 0.71 
1994:10.56 0.20 1.17 0.29 1.86 3.59 0.62 -0.01 0.23 0.30 0.60 
1993:40.87 0.26 1.83 0.89 2.02 3.57 0.83 0.41 0.62 0.37 1.07 
1993:30.93 0.25 1.94 1.16 2.10 3.91 0.76 0.30 0.69 -0.03 0.92 
1993:21.18 0.33 2.44 0.58 2.23 4.27 0.79 0.37 0.86 0.15 1.11 
1993:11.08 0.20 2.24 -0.06 2.32 4.53 0.85 0.50 0.70 0.19 1.09 
1992:41.90 0.35 3.87 0.53 2.55 4.53 1.21 0.87 1.23 0.37 1.63 
1992:32.05 0.39 4.39 0.39 2.60 5.00 1.01 0.49 1.22 0.77 1.65 
1992:21.48 0.22 2.66 0.12 2.89 5.39 1.06 0.61 1.23 -0.06 1.48 
1992:11.43 0.17 2.73 0.38 3.00 5.18 1.34 0.73 1.57 0.24 1.60 
1991:41.96 0.17 3.92 0.11 2.91 5.11 1.43 0.71 2.31 0.18 2.12 
1991:31.56 0.17 3.08 2.94 2.84 5.32 1.14 0.77 2.02 0.92 2.17 
1991:21.29 0.15 2.47 0.71 2.84 5.04 1.24 0.63 1.85 0.80 2.25 
1991:11.03 0.13 1.84 0.45 2.70 4.41 1.56 0.89 0.93 0.55 1.41 
1990:41.52 n.a. n.a. n.a. 2.48 3.77 1.62 0.58 1.42 0.33 1.85 
1990:30.99 n.a. n.a. n.a. 2.17 3.84 1.03 0.67 1.00 -0.32 1.30 
1990:20.90 n.a. n.a. n.a. 2.10 3.27 1.27 0.48 1.39 -0.28 2.30 
1990:10.78 n.a. n.a. n.a. 2.03 3.10 1.25 0.86 1.07 -0.91 1.80 
1989:40.82 n.a. n.a. n.a. 2.02 3.22 1.16 0.60 1.92 0.13 2.53 
1989:30.62 n.a. n.a. n.a. 1.79 3.14 0.86 0.34 0.63 -0.49 1.13 
1989:20.49 n.a. n.a. n.a. 1.82 3.27 0.82 0.37 0.72 0.68 1.31 
1989:10.38 n.a. n.a. n.a. 2.00 3.22 1.14 0.50 0.58 -0.03 0.85 
1988:40.47 n.a. n.a. n.a. 1.89 3.39 0.91 0.43 0.91 -0.51 1.30 
1988:30.48 n.a. n.a. n.a. 1.72 3.26 0.77 0.32 0.75 -0.45 1.15 
1988:20.71 n.a. n.a. n.a. 1.69 3.40 0.76 0.46 1.13 0.36 1.26 
1988:10.39 n.a. n.a. n.a. 1.72 3.40 0.76 0.40 0.80 0.10 1.04 
1987:40.67 n.a. n.a. n.a. 1.92 3.51 0.99 0.78 1.07 3.15 1.30 
1987:30.44 n.a. n.a. n.a. 1.61 3.20 0.71 0.58 0.78 -2.25 0.79 
1987:20.38 n.a. n.a. n.a. 1.74 3.45 0.75 0.67 0.90 1.82 0.79 
1987:10.40 n.a. n.a. n.a. 1.82 3.64 0.76 1.03 0.73 6.17 0.77 
1986:40.50 n.a. n.a. n.a. 1.88 3.49 0.91 0.77 1.31 1.58 1.03 
1986:30.45 n.a. n.a. n.a. 1.81 3.60 0.74 0.58 1.10 3.05 0.97 
1986:20.36 n.a. n.a. n.a. 1.78 3.26 0.87 0.53 1.13 5.75 0.96 
1986:10.22 n.a. n.a. n.a. 1.90 3.52 0.89 0.53 0.86 2.21 0.78 
1985:40.27 n.a. n.a. n.a. 1.75 3.07 0.98 0.94 1.31 6.04 1.02 
1985:30.21 n.a. n.a. n.a. 1.45 2.79 0.67 0.80 1.10 3.22 0.82 
1985:20.22 n.a. n.a. n.a. 1.26 2.30 0.62 0.62 0.84 3.15 0.72 
1985:10.21 n.a. n.a. n.a. 1.09 2.05 0.50 0.29 0.73 1.87 0.59 

1. Residential real estate loans include loans secured by one- to four-family properties, including home equity lines of credit. Return to table

2. Commercial real estate loans include construction and land development loans, loans secured by multifamily residences, and loans secured by nonfarm, nonresidential real estate. Return to table

    SA Seasonally adjusted.
    NSA Not seasonally adjusted.
    C&I Commercial and industrial.
    n.a. Not available.

Source. Federal Financial Institutions Examination Council (FFIEC) Consolidated Reports of Condition and Income (1985-2000: FFIEC 031 through 034; 2001-: FFIEC 031 & 041).

Notes

Charge-offs, which are the value of loans removed from the books and charged against loss reserves, are measured net of recoveries as a percentage of average loans and annualized.

Delinquent loans are those past due thirty days or more and still accruing interest as well as those in nonaccrual status. They are measured as a percentage of end-of-period loans.

Banks are insured U.S.-chartered commercial banks.

Size, where used, is measured by consolidated assets adjusted for mergers; where used, "other" banks are those smaller than the 100 largest.

Special Note

The adoption by some banks of FAS 159, The Fair Value Option for Financial Assets and Financial Liabilities, affected charge-off and delinquency rate data for 2008:1. Because the effects of the accounting change on the dollar volume of loans reported on banks' loan books were small, the effects of the accounting change on banks' charge-off and delinquency rates were presumably small for the industry as a whole. Information on the dollar impacts on banks' loan books can be found on page 14 in the "Notes on the Data" section beginning with the April 11, H.8, Assets and Liabilities of Commercial Bank in the United States, statistical release. For more information on FAS 159, please refer to www.fasb.org/st/summary/stsum159.shtml.

Last update: May 23, 2023