BankRegData is a three person, family run business based in the Dallas area. We have been working with Bank Regulatory data since 2002 and rolled the BankRegData.com site out on May 28, 2010.
We could regale you with our accomplishments, but at end of the day none of that really matters. The site is decent, but by no means perfect, and we're constantly striving to make it better. Some client info follows:
Number of ClientsThe source data comes from the Quarterly Call Reports that each bank is required to report to their regulatory agency each quarter.
We pull the data from the Statistics on Depository Institutions download section and then aggregate by Bank Holding Company ID (if HC exists). The next step is to calculate peer performance for each metric for each bank - over one million peer data points every quarter.
So how accurate is the data?
We believe it to be 100% accurate. That said, there is a lot of data and a ton of calculations so mistakes are always possible. We welcome and encourage you to double check
with the source FDIC data. To aid in your comparisons we provide the Call Report field name where it is available.
There are two important differences between Call Reports and the site:
1) The Call Reports are at the Bank Certificate level - we aggregate at the Holding Company ID level (if HC exists).
2) The Call Reports use Year to Date data on many elements - we use quarterly data to better demonstrate trends.
So, to evaluate the accuracy of the Charge Off Rate on the 1-4 Family First Liens portfolio for Wells Fargo you will need to pull 5 separate Call Reports for the current quarter (RIADC234 for the charge off amount and RCON5367 for the loan amount) and then aggregate the numbers.
For the 2nd, 3rd and 4th quarters you would then have to pull the 5 Call Reports from the prior quarter, aggregate the figures and then remove from the latter quarter figures.