Skip to main content
Erschienen in: Review of Quantitative Finance and Accounting 1/2018

28.08.2017 | Original Research

Community bank structure an x-efficiency approach

verfasst von: Gregory McKee, Albert Kagan

Erschienen in: Review of Quantitative Finance and Accounting | Ausgabe 1/2018

Einloggen

Aktivieren Sie unsere intelligente Suche, um passende Fachinhalte oder Patente zu finden.

search-config
loading …

Abstract

Community banks have historically been important sources of intermediary services. Changes in regulation and intermediation technologies have affected the efficiency with which these firms can perform these services. Relatively small community banks, those with assets of $1 billion or less, have experienced particular changes in their ability to generate loan products as efficiently as their larger counterparts. Using FFIEC data for all banks of $10 billion or less, we measure the x-efficiency of all community banks and compare the results of small and all other community banks since 2010. We test for the importance of internal and external determinants of efficiency. We observe that declines in product provision are related to specific determinants of declining x-efficiency in small community banks. The results indicate limited assets or customer growth rates experienced by small community banks, coupled with a declining population in community bank trade areas, do not support improvements in x-efficiency through expanded intermediation activity. Small asset community bank managers will need to strategically deploy products that allow the customer relationship to be enhanced and sustained, using customer affiliations that cannot be easily adopted by larger competitors.

Sie haben noch keine Lizenz? Dann Informieren Sie sich jetzt über unsere Produkte:

Springer Professional "Wirtschaft+Technik"

Online-Abonnement

Mit Springer Professional "Wirtschaft+Technik" erhalten Sie Zugriff auf:

  • über 102.000 Bücher
  • über 537 Zeitschriften

aus folgenden Fachgebieten:

  • Automobil + Motoren
  • Bauwesen + Immobilien
  • Business IT + Informatik
  • Elektrotechnik + Elektronik
  • Energie + Nachhaltigkeit
  • Finance + Banking
  • Management + Führung
  • Marketing + Vertrieb
  • Maschinenbau + Werkstoffe
  • Versicherung + Risiko

Jetzt Wissensvorsprung sichern!

Springer Professional "Wirtschaft"

Online-Abonnement

Mit Springer Professional "Wirtschaft" erhalten Sie Zugriff auf:

  • über 67.000 Bücher
  • über 340 Zeitschriften

aus folgenden Fachgebieten:

  • Bauwesen + Immobilien
  • Business IT + Informatik
  • Finance + Banking
  • Management + Führung
  • Marketing + Vertrieb
  • Versicherung + Risiko




Jetzt Wissensvorsprung sichern!

Literatur
Zurück zum Zitat Acharya RN, Kagan A, Lingam SR (2008) Online banking applications and community bank performance. Int J Bank Mark 26:418–439CrossRef Acharya RN, Kagan A, Lingam SR (2008) Online banking applications and community bank performance. Int J Bank Mark 26:418–439CrossRef
Zurück zum Zitat Alessandrini P, Presbitero AF, Zazzaro A (2010) Bank size or distance: what hampers innovation adoption by SMEs? J Econ Geogr 10:845–881CrossRef Alessandrini P, Presbitero AF, Zazzaro A (2010) Bank size or distance: what hampers innovation adoption by SMEs? J Econ Geogr 10:845–881CrossRef
Zurück zum Zitat Al-Khasawneh JA (2013) Pairwise x-efficiency combinations of merging banks: analysis of the fifth merger wave. Rev Quant Financ Acc 41:1–28CrossRef Al-Khasawneh JA (2013) Pairwise x-efficiency combinations of merging banks: analysis of the fifth merger wave. Rev Quant Financ Acc 41:1–28CrossRef
Zurück zum Zitat Allen J, Clark CR, Houde J-F (2009) Market structure and the diffusion of e-commerce: evidence from the retail banking industry. Available at SSRN 1276336 Allen J, Clark CR, Houde J-F (2009) Market structure and the diffusion of e-commerce: evidence from the retail banking industry. Available at SSRN 1276336
Zurück zum Zitat Allen F, Carletti E, Gale D (2014) Money, financial stability and efficiency. J Econ Theory 149:100–127CrossRef Allen F, Carletti E, Gale D (2014) Money, financial stability and efficiency. J Econ Theory 149:100–127CrossRef
Zurück zum Zitat Amel DF, Prager RA (2016) community bank performance: how important are managers? Rev Ind Organ 48:149–180CrossRef Amel DF, Prager RA (2016) community bank performance: how important are managers? Rev Ind Organ 48:149–180CrossRef
Zurück zum Zitat Anonymous (2013) Supervisory letter 13-21. Federal Reserve System, Washington, DC Anonymous (2013) Supervisory letter 13-21. Federal Reserve System, Washington, DC
Zurück zum Zitat Antoniades A (2015) Commercial bank failures during the Great Recession: the real (estate) story. European Central Bank, Frankfurt Antoniades A (2015) Commercial bank failures during the Great Recession: the real (estate) story. European Central Bank, Frankfurt
Zurück zum Zitat Avery RB, Samolyk KA (2004) Bank consolidation and small business lending: the role of community banks. J Financ Serv Res 25:291–325CrossRef Avery RB, Samolyk KA (2004) Bank consolidation and small business lending: the role of community banks. J Financ Serv Res 25:291–325CrossRef
Zurück zum Zitat Banker RD, Natarajan R (2008) Evaluating contextual variables affecting productivity using data envelopment analysis. Oper Res 56:48–58CrossRef Banker RD, Natarajan R (2008) Evaluating contextual variables affecting productivity using data envelopment analysis. Oper Res 56:48–58CrossRef
Zurück zum Zitat Barth JR, Lin C, Ma Y, Seade J, Song FM (2013) Do bank regulation, supervision and monitoring enhance or impede bank efficiency? J Bank Finance 37:2879–2892CrossRef Barth JR, Lin C, Ma Y, Seade J, Song FM (2013) Do bank regulation, supervision and monitoring enhance or impede bank efficiency? J Bank Finance 37:2879–2892CrossRef
Zurück zum Zitat Bassett WF, Brady TF (2001) The economic performance of small banks, 1985–2000. Federal Reserv Bull 87:719–728 Bassett WF, Brady TF (2001) The economic performance of small banks, 1985–2000. Federal Reserv Bull 87:719–728
Zurück zum Zitat Bassett WF, Brady TF (2002) What drives the persistent competitiveness of small banks? Board of Governors of the Federal Reserve System (US) Bassett WF, Brady TF (2002) What drives the persistent competitiveness of small banks? Board of Governors of the Federal Reserve System (US)
Zurück zum Zitat Beck T, Demirguc-Kunt A (2006) Small and medium-size enterprises: access to finance as a growth constraint. J Bank Finance 30:2931–2943CrossRef Beck T, Demirguc-Kunt A (2006) Small and medium-size enterprises: access to finance as a growth constraint. J Bank Finance 30:2931–2943CrossRef
Zurück zum Zitat Bellucci A, Borisov A, Zazzaro A (2013) Do banks price discriminate spatially? Evidence from small business lending in local credit markets. J Bank Finance 37:4183–4197CrossRef Bellucci A, Borisov A, Zazzaro A (2013) Do banks price discriminate spatially? Evidence from small business lending in local credit markets. J Bank Finance 37:4183–4197CrossRef
Zurück zum Zitat Berger AN, Black LK (2011) Bank size, lending technologies, and small business finance. J Bank Finance 35:724–735CrossRef Berger AN, Black LK (2011) Bank size, lending technologies, and small business finance. J Bank Finance 35:724–735CrossRef
Zurück zum Zitat Berger AN, Bouwman CH (2013) How does capital affect bank performance during financial crises? J Financ Econ 109:146–176CrossRef Berger AN, Bouwman CH (2013) How does capital affect bank performance during financial crises? J Financ Econ 109:146–176CrossRef
Zurück zum Zitat Berger AN, Frame WS (2007) Small business credit scoring and credit availability. J Small Bus Manage 45:5–22CrossRef Berger AN, Frame WS (2007) Small business credit scoring and credit availability. J Small Bus Manage 45:5–22CrossRef
Zurück zum Zitat Berger AN, Ostromogolsky P (2009) Effects of banks on “debt-sensitive” small businesses. J Financ Econ Policy 1:44–79CrossRef Berger AN, Ostromogolsky P (2009) Effects of banks on “debt-sensitive” small businesses. J Financ Econ Policy 1:44–79CrossRef
Zurück zum Zitat Berger AN, Udell GF (2002) Small business credit availability and relationship lending: the importance of bank organisational structure. Econ J 112:F32–F53CrossRef Berger AN, Udell GF (2002) Small business credit availability and relationship lending: the importance of bank organisational structure. Econ J 112:F32–F53CrossRef
Zurück zum Zitat Berger AN, Dick AA, Goldberg LG, White LJ (2007) Competition from large, multimarket firms and the performance of small, single-market firms: evidence from the banking industry. J Money Credit Bank 39:331–368CrossRef Berger AN, Dick AA, Goldberg LG, White LJ (2007) Competition from large, multimarket firms and the performance of small, single-market firms: evidence from the banking industry. J Money Credit Bank 39:331–368CrossRef
Zurück zum Zitat Bostic RW, Robinson BL (2004) The impact of CRA agreements on community banks. J Bank Finance 28:3069–3095CrossRef Bostic RW, Robinson BL (2004) The impact of CRA agreements on community banks. J Bank Finance 28:3069–3095CrossRef
Zurück zum Zitat Brevoort KP, Hannan T (2006) commercial lending and distance: evidence from community reinvestment act data. J Money Credit Bank 38:1991–2012CrossRef Brevoort KP, Hannan T (2006) commercial lending and distance: evidence from community reinvestment act data. J Money Credit Bank 38:1991–2012CrossRef
Zurück zum Zitat Chortareas GE, Girardone C, Ventouri A (2012) Bank supervision, regulation, and efficiency: evidence from the European Union. J Financ Stab 8:292–302CrossRef Chortareas GE, Girardone C, Ventouri A (2012) Bank supervision, regulation, and efficiency: evidence from the European Union. J Financ Stab 8:292–302CrossRef
Zurück zum Zitat Cortés KR (2012) Did local lenders forecast the bust? Evidence from the real estate market. In: 25th Australasian finance and banking conference Cortés KR (2012) Did local lenders forecast the bust? Evidence from the real estate market. In: 25th Australasian finance and banking conference
Zurück zum Zitat Critchfield T, Samolyk K, Davison L, Hanc G, Gratton H, Davis T (2004) The future of banking in america-community banks: their recent past, current performance, and future prospects. FDIC Banking Review Series 16 Critchfield T, Samolyk K, Davison L, Hanc G, Gratton H, Davis T (2004) The future of banking in america-community banks: their recent past, current performance, and future prospects. FDIC Banking Review Series 16
Zurück zum Zitat DeAngelo H, Stulz RM (2015) Liquid-claim production, risk management, and bank capital structure: why high leverage is optimal for banks. J Financ Econ 116:219–236CrossRef DeAngelo H, Stulz RM (2015) Liquid-claim production, risk management, and bank capital structure: why high leverage is optimal for banks. J Financ Econ 116:219–236CrossRef
Zurück zum Zitat Degryse H, Ongena S (2005) Distance, lending relationships, and competition. J Finance 60:231–266CrossRef Degryse H, Ongena S (2005) Distance, lending relationships, and competition. J Finance 60:231–266CrossRef
Zurück zum Zitat DePrince AE Jr, Ford WF, Morris PD (2011) Some causes of interstate differences in community bank performance. J Econ Finance 35:22–40CrossRef DePrince AE Jr, Ford WF, Morris PD (2011) Some causes of interstate differences in community bank performance. J Econ Finance 35:22–40CrossRef
Zurück zum Zitat DeYoung R, Jang KY (2016) Do banks actively manage their liquidity? J Bank Finance 66:143–161CrossRef DeYoung R, Jang KY (2016) Do banks actively manage their liquidity? J Bank Finance 66:143–161CrossRef
Zurück zum Zitat DeYoung R, Hunter WC, Udell GF (2004) The past, present, and probable future for community banks. J Financ Serv Res 25:85–133CrossRef DeYoung R, Hunter WC, Udell GF (2004) The past, present, and probable future for community banks. J Financ Serv Res 25:85–133CrossRef
Zurück zum Zitat DeYoung R, Lang WW, Nolle DL (2007) How the internet affects output and performance at community banks. J Bank Finance 31:1033–1060CrossRef DeYoung R, Lang WW, Nolle DL (2007) How the internet affects output and performance at community banks. J Bank Finance 31:1033–1060CrossRef
Zurück zum Zitat Duke E (2012) Community banks and mortgage lending. Chicago, IL Duke E (2012) Community banks and mortgage lending. Chicago, IL
Zurück zum Zitat Ely DP, Robinson KJ (2009) Credit unions and small business lending. J Financ Serv Res 35:53–80CrossRef Ely DP, Robinson KJ (2009) Credit unions and small business lending. J Financ Serv Res 35:53–80CrossRef
Zurück zum Zitat FDIC (2012a) Defining the community bank. Federal Deposit Insurance Corporation, Washington, DC FDIC (2012a) Defining the community bank. Federal Deposit Insurance Corporation, Washington, DC
Zurück zum Zitat FDIC (2012b) FDIC community banking study. Federal Deposit Insurance Corporation, Washington, Dc FDIC (2012b) FDIC community banking study. Federal Deposit Insurance Corporation, Washington, Dc
Zurück zum Zitat Feng G, Zhang X (2012) Productivity and efficiency at large and community banks in the US: a Bayesian true random effects stochastic distance frontier analysis. J Bank Finance 36:1883–1895CrossRef Feng G, Zhang X (2012) Productivity and efficiency at large and community banks in the US: a Bayesian true random effects stochastic distance frontier analysis. J Bank Finance 36:1883–1895CrossRef
Zurück zum Zitat Filbeck G, Preece D, Woessner S, Burgess S (2010) Community banks and deposit market share growth. Int J Bank Mark 28:252–266CrossRef Filbeck G, Preece D, Woessner S, Burgess S (2010) Community banks and deposit market share growth. Int J Bank Mark 28:252–266CrossRef
Zurück zum Zitat Gilbert RA, Wheelock DC (2013) Big banks in small places: are community banks being driven out of rural markets? Fed Reserve Bank St Louis Rev 95:199–218 Gilbert RA, Wheelock DC (2013) Big banks in small places: are community banks being driven out of rural markets? Fed Reserve Bank St Louis Rev 95:199–218
Zurück zum Zitat Gilbert RA, Meyer AP, Fuchs JW (2013) The future of community banks: lessons from banks that thrived during the recent financial crisis. Fed Reserve Bank St Louis Rev 95:115–143 Gilbert RA, Meyer AP, Fuchs JW (2013) The future of community banks: lessons from banks that thrived during the recent financial crisis. Fed Reserve Bank St Louis Rev 95:115–143
Zurück zum Zitat Goddard J, McKillop D, Wilson JO (2009) Which credit unions are acquired? J Financ Serv Res 36:231–252CrossRef Goddard J, McKillop D, Wilson JO (2009) Which credit unions are acquired? J Financ Serv Res 36:231–252CrossRef
Zurück zum Zitat Goddard J, Molyneux P, Williams J (2014) Dealing with cross-firm heterogeneity in bank efficiency estimates: some evidence from Latin America. J Bank Finance 40:130–142CrossRef Goddard J, Molyneux P, Williams J (2014) Dealing with cross-firm heterogeneity in bank efficiency estimates: some evidence from Latin America. J Bank Finance 40:130–142CrossRef
Zurück zum Zitat Greene WH (1980) Maximum likelihood estimation of econometric frontier functions. J Econ 13:27–56CrossRef Greene WH (1980) Maximum likelihood estimation of econometric frontier functions. J Econ 13:27–56CrossRef
Zurück zum Zitat Gruenberg MJ (2016) Comments to committee on oversight and government reform, U.S. House of Representatives. Washington, D.C. July 13 Gruenberg MJ (2016) Comments to committee on oversight and government reform, U.S. House of Representatives. Washington, D.C. July 13
Zurück zum Zitat Han L, Zhang S, Greene FJ (2015) Bank market concentration, relationship banking, and small business liquidity. Int Small Bus J 35(4):365–384CrossRef Han L, Zhang S, Greene FJ (2015) Bank market concentration, relationship banking, and small business liquidity. Int Small Bus J 35(4):365–384CrossRef
Zurück zum Zitat Hassan MK, Hippler W (2015) National and regional trends in community banking. Available at SSRN 2493726 Hassan MK, Hippler W (2015) National and regional trends in community banking. Available at SSRN 2493726
Zurück zum Zitat Hays FH, De Lurgio SA, Gilbert A (2009) Efficiency ratios and community bank performance. J Finance Account 1:1–15 Hays FH, De Lurgio SA, Gilbert A (2009) Efficiency ratios and community bank performance. J Finance Account 1:1–15
Zurück zum Zitat Hein SE, Koch TW, MacDonald SS (2005) On the uniqueness of community banks. Econ Rev-Fed Reserv Bank Atlanta 90:15 Hein SE, Koch TW, MacDonald SS (2005) On the uniqueness of community banks. Econ Rev-Fed Reserv Bank Atlanta 90:15
Zurück zum Zitat Hughes JP, Mester LJ, Moon C-G (2001) Are scale economies in banking elusive or illusive? Evidence obtained by incorporating capital structure and risk-taking into models of bank production. J Bank Finance 25:2169–2208CrossRef Hughes JP, Mester LJ, Moon C-G (2001) Are scale economies in banking elusive or illusive? Evidence obtained by incorporating capital structure and risk-taking into models of bank production. J Bank Finance 25:2169–2208CrossRef
Zurück zum Zitat Hughes JP, Lang WW, Mester LJ, Moon C-G, Pagano MS (2003) Do bankers sacrifice value to build empires? Managerial incentives, industry consolidation, and financial performance. J Bank Finance 27:417–447CrossRef Hughes JP, Lang WW, Mester LJ, Moon C-G, Pagano MS (2003) Do bankers sacrifice value to build empires? Managerial incentives, industry consolidation, and financial performance. J Bank Finance 27:417–447CrossRef
Zurück zum Zitat Hughes JP, Jagtiani J, Mester LJ (2016) Is bigger necessarily better in community banking? Philadelphia, PA Hughes JP, Jagtiani J, Mester LJ (2016) Is bigger necessarily better in community banking? Philadelphia, PA
Zurück zum Zitat Hunter, Maryann (2011) Subcommittee on financial institutions and consumer protection. Washington, DC. April 6 Hunter, Maryann (2011) Subcommittee on financial institutions and consumer protection. Washington, DC. April 6
Zurück zum Zitat Ioannou G, Karakerezis A, Mavri M (2002) Branch network and modular service optimization for community banking. Int Trans Oper Res 9:531–547CrossRef Ioannou G, Karakerezis A, Mavri M (2002) Branch network and modular service optimization for community banking. Int Trans Oper Res 9:531–547CrossRef
Zurück zum Zitat Jondrow J, Lovell CK, Materov IS, Schmidt P (1982) On the estimation of technical inefficiency in the stochastic frontier production function model. J Econ 19:233–238CrossRef Jondrow J, Lovell CK, Materov IS, Schmidt P (1982) On the estimation of technical inefficiency in the stochastic frontier production function model. J Econ 19:233–238CrossRef
Zurück zum Zitat Kelly C, Khayum M, Price C (2012) Equipment lease financing: the role of community banks. University of Southern Indiana, Evansville Kelly C, Khayum M, Price C (2012) Equipment lease financing: the role of community banks. University of Southern Indiana, Evansville
Zurück zum Zitat Kiser EK, Prager RA, Scott JR (2012) Supervisor ratings and the contraction of bank lending to small businesses Kiser EK, Prager RA, Scott JR (2012) Supervisor ratings and the contraction of bank lending to small businesses
Zurück zum Zitat Kocherlakota N (2014) The current and future state of community banking. Paper presented at the independent community bankers of minnesota, Brainerd, MN, August 14, 2014 Kocherlakota N (2014) The current and future state of community banking. Paper presented at the independent community bankers of minnesota, Brainerd, MN, August 14, 2014
Zurück zum Zitat Koutsomanoli-Filippaki A, Mamatzakis E, Pasiouras F (2013) A quantile regression approach to bank efficiency measurement*. In: Efficiency and productivity growth. Wiley, New York, pp 253–266. doi:10.1002/9781118541531.ch12 Koutsomanoli-Filippaki A, Mamatzakis E, Pasiouras F (2013) A quantile regression approach to bank efficiency measurement*. In: Efficiency and productivity growth. Wiley, New York, pp 253–266. doi:10.​1002/​9781118541531.​ch12
Zurück zum Zitat Kroszner RS, Strahan PE (2014) Regulation and deregulation of the US banking industry: causes, consequences, and implications for the future. In: Economic regulation and its reform: what have we learned? University of Chicago Press, pp 485–543 Kroszner RS, Strahan PE (2014) Regulation and deregulation of the US banking industry: causes, consequences, and implications for the future. In: Economic regulation and its reform: what have we learned? University of Chicago Press, pp 485–543
Zurück zum Zitat Laderman E (2012) Small business loans and small bank health. FRBSF Econ Lett 2012:26 Laderman E (2012) Small business loans and small bank health. FRBSF Econ Lett 2012:26
Zurück zum Zitat Li W, McMahan P (2015) A case study on loan loss analysis of a community bank. J Finance Data Sci 1:11–32CrossRef Li W, McMahan P (2015) A case study on loan loss analysis of a community bank. J Finance Data Sci 1:11–32CrossRef
Zurück zum Zitat Lux M, Greene R (2015) The state and fate of community banking. Harvard-Kennedy School, Mossavar-Rahami Center for Business and Government, Cambridge Lux M, Greene R (2015) The state and fate of community banking. Harvard-Kennedy School, Mossavar-Rahami Center for Business and Government, Cambridge
Zurück zum Zitat Marinč M (2013) Banks and information technology: marketability vs. relationships. Electron Commerce Res 13:71–101CrossRef Marinč M (2013) Banks and information technology: marketability vs. relationships. Electron Commerce Res 13:71–101CrossRef
Zurück zum Zitat Marsh TD, Norman JW (2013) The Impact of Dodd-Frank on Community Banks. Washington, DC Marsh TD, Norman JW (2013) The Impact of Dodd-Frank on Community Banks. Washington, DC
Zurück zum Zitat McCord R, Prescott ES (2014) The financial crisis, the collapse of bank entry, and changes in the size distribution of banks. Fed Reserv Bank Richmond Econ Q 100:23–50 McCord R, Prescott ES (2014) The financial crisis, the collapse of bank entry, and changes in the size distribution of banks. Fed Reserv Bank Richmond Econ Q 100:23–50
Zurück zum Zitat McDonald J (2009) Using least squares and tobit in second stage DEA efficiency analyses. Eur J Oper Res 197:792–798CrossRef McDonald J (2009) Using least squares and tobit in second stage DEA efficiency analyses. Eur J Oper Res 197:792–798CrossRef
Zurück zum Zitat McKee GJ, Kagan A (2016) Community bank product design within an asymmetric competitive market: an X-efficiency approach. Int J Bank Mark 34:752–772CrossRef McKee GJ, Kagan A (2016) Community bank product design within an asymmetric competitive market: an X-efficiency approach. Int J Bank Mark 34:752–772CrossRef
Zurück zum Zitat Mehrez BA, Saidane D, Fedhila D (2012) How to identify targets in the M & A operations? Case of cross-border strategies case of cross-border strategies in Europe by line of activity. Rev Quant Finance Account 38:209–240CrossRef Mehrez BA, Saidane D, Fedhila D (2012) How to identify targets in the M & A operations? Case of cross-border strategies case of cross-border strategies in Europe by line of activity. Rev Quant Finance Account 38:209–240CrossRef
Zurück zum Zitat Murray I (2015) How dodd-frank harms main street. Competitive Enterprise Institute, Washington, DC Murray I (2015) How dodd-frank harms main street. Competitive Enterprise Institute, Washington, DC
Zurück zum Zitat Myers F, Spong K (2003) Community bank performance in slower growing markets: finding sound strategies for success. Financial Industry Perspectives 15 Myers F, Spong K (2003) Community bank performance in slower growing markets: finding sound strategies for success. Financial Industry Perspectives 15
Zurück zum Zitat Ogura Y, Uchida H (2014) Bank consolidation and soft information acquisition in small business lending. J Financ Serv Res 45:173–200CrossRef Ogura Y, Uchida H (2014) Bank consolidation and soft information acquisition in small business lending. J Financ Serv Res 45:173–200CrossRef
Zurück zum Zitat Paradi JC, Zhu H (2013) A survey on bank branch efficiency and performance research with data envelopment analysis. Omega 41:61–79CrossRef Paradi JC, Zhu H (2013) A survey on bank branch efficiency and performance research with data envelopment analysis. Omega 41:61–79CrossRef
Zurück zum Zitat Parsons R, Nguyen J (2016) Bank consolidation before and after the 2008 crisis. Appl Econ Lett 1–4 Parsons R, Nguyen J (2016) Bank consolidation before and after the 2008 crisis. Appl Econ Lett 1–4
Zurück zum Zitat Patron H, Smith WJ (2015) Mark-to-market and its effects on community banking during the financial crisis: An examination of perceived risks. J Financ Regul Compliance 23:55–72CrossRef Patron H, Smith WJ (2015) Mark-to-market and its effects on community banking during the financial crisis: An examination of perceived risks. J Financ Regul Compliance 23:55–72CrossRef
Zurück zum Zitat Peirce H, Robinson IC, Stratmann T (2014) How are small banks faring under dodd-frank?. Arlington, VA Peirce H, Robinson IC, Stratmann T (2014) How are small banks faring under dodd-frank?. Arlington, VA
Zurück zum Zitat Pierce H, Robinson IC, Stratmann T (2014) How are small banks faring under dodd-frank?. George Mason University, Mercatus Center, Arlington Pierce H, Robinson IC, Stratmann T (2014) How are small banks faring under dodd-frank?. George Mason University, Mercatus Center, Arlington
Zurück zum Zitat Rauterkus A, Munchus G (2014) Geographical location: does distance matter or what is the value status of soft information? J Small Bus Enterp Dev 21:87–99CrossRef Rauterkus A, Munchus G (2014) Geographical location: does distance matter or what is the value status of soft information? J Small Bus Enterp Dev 21:87–99CrossRef
Zurück zum Zitat Rice T, Rose J (2016) When good investments go bad: The contraction in community bank lending after the 2008 GSE takeover. J Financ Intermed Rice T, Rose J (2016) When good investments go bad: The contraction in community bank lending after the 2008 GSE takeover. J Financ Intermed
Zurück zum Zitat Rice T, Strahan PE (2010) Does credit competition affect small-firm finance? J Finance 65:861–889CrossRef Rice T, Strahan PE (2010) Does credit competition affect small-firm finance? J Finance 65:861–889CrossRef
Zurück zum Zitat Scott JA, Dunkelberg WC (2010) Competition for small firm banking business: bank actions versus market structure. J Bank Finance 34:2788–2800CrossRef Scott JA, Dunkelberg WC (2010) Competition for small firm banking business: bank actions versus market structure. J Bank Finance 34:2788–2800CrossRef
Zurück zum Zitat Singer DD (2006) Online banking and the community reinvestment act. Bus Soc Rev 111:165–174CrossRef Singer DD (2006) Online banking and the community reinvestment act. Bus Soc Rev 111:165–174CrossRef
Zurück zum Zitat Smith RL, Schweikart JA (1992) A better way to assess branch profitability. Am Bankers Assoc ABA Bank J 84:54 Smith RL, Schweikart JA (1992) A better way to assess branch profitability. Am Bankers Assoc ABA Bank J 84:54
Zurück zum Zitat Thygerson KJ (1991) Modeling branch profitability. J Retail Bank 13:19–25 Thygerson KJ (1991) Modeling branch profitability. J Retail Bank 13:19–25
Zurück zum Zitat Tynan KB (2014) Customer service won’t save community banks. Am Banker, June 4. Accessed 5/2/2017 Tynan KB (2014) Customer service won’t save community banks. Am Banker, June 4. Accessed 5/2/2017
Zurück zum Zitat Vassiloglou M, Giokas D (1990) A study of the relative efficiency of bank branches: an application of data envelopment analysis. J Oper Res Soc 41:591–597CrossRef Vassiloglou M, Giokas D (1990) A study of the relative efficiency of bank branches: an application of data envelopment analysis. J Oper Res Soc 41:591–597CrossRef
Zurück zum Zitat Wang HB (2015) Bank size effect in the deposit market: evidence from bank branck ownership changes. Acad Account Financ Stud J 19 Wang HB (2015) Bank size effect in the deposit market: evidence from bank branck ownership changes. Acad Account Financ Stud J 19
Zurück zum Zitat Wheelock DC, Wilson PW (2012) Do large banks have lower costs? New estimates of returns to scale for US banks. J Money Credit Bank 44:171–199CrossRef Wheelock DC, Wilson PW (2012) Do large banks have lower costs? New estimates of returns to scale for US banks. J Money Credit Bank 44:171–199CrossRef
Zurück zum Zitat Wilmarth AE (2015) A two-tiered system of regulation is needed to preserve the viability of community banks and reduce the risks of megabanks. Michigan State Law Rev 123 Wilmarth AE (2015) A two-tiered system of regulation is needed to preserve the viability of community banks and reduce the risks of megabanks. Michigan State Law Rev 123
Zurück zum Zitat Wood DR, Gilbreath GH, Rutherford MW, O’Boyle EH (2014) Competitive operations priorities and firm performance in small community banks: a test of trade-offs. J Appl Manag Entrep 19:82 Wood DR, Gilbreath GH, Rutherford MW, O’Boyle EH (2014) Competitive operations priorities and firm performance in small community banks: a test of trade-offs. J Appl Manag Entrep 19:82
Zurück zum Zitat Yeager TJ (2004) The demise of community banks? Local economic shocks are not to blame. J Bank Finance 28:2135–2153CrossRef Yeager TJ (2004) The demise of community banks? Local economic shocks are not to blame. J Bank Finance 28:2135–2153CrossRef
Zurück zum Zitat Zimmerman GC (1996) Factors influencing community bank performance in California. Econ Rev-Fed Reserv Bank San Francisco 1996:26 Zimmerman GC (1996) Factors influencing community bank performance in California. Econ Rev-Fed Reserv Bank San Francisco 1996:26
Metadaten
Titel
Community bank structure an x-efficiency approach
verfasst von
Gregory McKee
Albert Kagan
Publikationsdatum
28.08.2017
Verlag
Springer US
Erschienen in
Review of Quantitative Finance and Accounting / Ausgabe 1/2018
Print ISSN: 0924-865X
Elektronische ISSN: 1573-7179
DOI
https://doi.org/10.1007/s11156-017-0662-9

Weitere Artikel der Ausgabe 1/2018

Review of Quantitative Finance and Accounting 1/2018 Zur Ausgabe