Sluggish growth in real estate loans has hindered the Savings Banks and Thrifts industry over the five years to 2017. Postrecession, operators have experienced rebounding deposit levels but continue to cede their overall share of these funds to commercial banks that fall outside the industry's scope. Furthermore, real estate loans given, most of which consist of mortgages, grew slowly. Despite these trends, the industry has rebounded in recent years. Indicators such as the house price index and the S&P 500 have rebounded significantly, increasing consumer and business appetite for credit. Over the five years to 2022, savings institutions are anticipated build on the growth that began during the end of the previous period. Growing mortgage originations and interest rates will help to bolster bank revenue.
The industry includes companies that accept customer deposits and place them into interest-bearing products like savings accounts and certificates of deposit (CDs). Industry operators then loan these deposits at higher interest rates through consumer and business loans and make profit on the difference. This industry only covers companies governed by the Office of Comptroller of the Currency; commercial banks and credit unions are not included in this industry.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.