Using the more nuanced Federal Deposit Insurance Corporation (FDIC) definition of a community bank, which takes into account both size and activities, would have very little effect on the trends that I will be discussing. The FDIC definition can be found in Federal Deposit Insurance Corporation (2012), “Defining the Community Bank,” in FDIC Community Banking Study (Washington: FDIC, December), https://www.fdic.gov/regulations/resources/cbi/report/CBSI-1.pdf.
4 See Jerome H. Powell (2016), “Trends in Community Bank Performance over the Past 20 Years,” speech delivered at “Community Banking in the 21st Century,” Fourth Annual Community Banking Research and Policy Conference, sponsored by the Federal Reserve System and the Conference of State Bank Supervisors, St. Louis, Mo., September 29, https://www.federalreserve.gov/newsevents/speech/powell20160929a.htm.