Development Impact Dashboards: Telling the Story (PDF Download)
As CDFI Banks work to attract greater levels of investment and other support, the industry must do a better job of "Telling the Story" of the impact that is being generated by the sector. To facilitate this, NCIF created the Development Impact Dashboard format. The Dashboard is intended to be a transparent, easily communicated impact report that will be most valuable to the widest set of investors and stakeholders, and NCIF will continue to enhance the format by adding impact data points, anecdotes and other criteria so that it provides the greatest amount of value to the CDFI banking community and its stakeholders.
The Development Impact Dashboard format provides detailed information on an individual bank's:
• Publicly available financial performance data,
• NCIF Social Performance Metrics (DDI and DLI-HMDA) based on publicly available data,
• NCIF Social Performance Metrics (DLI) based on self-reported lending data across loan categories,
• Qualitative data based on the NCIF Model CDBI Framework
This initial "Development Impact Dashboards: Telling the Story" publication includes data on 16 banks that were instrumental in the development of this project, and NCIF hopes that many more institutions will participate going forward.
Telling The Community Development Banking Story: 2010 Annual Report on Financial and Social Performance (PDF Download)
During this time of prolonged economic uncertainty, now is the time for Community Development Banking Institutions (CDBIs) to "Tell Their Story", to communicate to customers, investors and regulators that the products and services that they provide are a necessary element to the economic development of distressed and at-risk neighborhoods. To tell the story of community development banking, NCIF uses the reporting from our investee banks to draw attention to the critical financial products and services that all CDBIs are providing access to in distressed communities throughout the country. This report contains both quantitative data based on NCIF's Social Performance Metrics and qualitative data to demonstrate the significant impact generated by the CDBIs in which NCIF has direct investments. By telling their story, we not only hope to highlight the work that they do, but to improve upon the current data collection efforts for the industry. In doing so, NCIF is hopeful that we will be able to tell a more compelling CDBI story to many more potential customers, investors and supporters
The key conclusions from this document are as follows:
1. For FY 2010, the median DLI-HMDA score for CDFI banks is 54.2%. This is 3.4 times greater than the median for all domestic banks (15.9%) and for the “Top-Ten” banks by asset size (15.0%).
2. For FY 2010, the median DDI score for CDFI banks is 66.67%. This is 4 times greater than the median score for all domestic banks (16.67%).
3. Since NCIF began tracking the activities of its portfolio institutions in 1998, they have generated $5.4 billion in 109,029 loans that are geo-coded and tracked to low- and moderate- income communities or low income borrowers.
4. For FY2010, the development banks and credit unions in NCIF‟s portfolio originated 8,264 new development loans amounting to $490.1 million.
The CDFI Banking Sector: 2010 Annual Report on Financial and Social Performance (PDF Download)
The 2010 Annual Report provides background on the Financial and Social Performance of the CDFI Banking Sector. As of December 31, 2010, there were 85 CDFI banks, with assets of $25.9 billion and loans of $16.6 billion.
The key conclusions from this document are as follows:
1. CDFI banks represent a growing sector in terms of numbers, asset size, and outstanding loans. The number of certified CDFI banks increased from 62 at year-end 2009 to 85 at the end of 2010, and with that growth, saw an increase in assets of 15.5% and an increase in loans of 15.7%.
2. The CDFI banking sector outperforms several peer groups on social impact as measured by NCIF's Social Performance MetricsSM: Development Deposit Intensity (DDI) and Development Lending Intensity (DLI-HMDA). CDFI Banks routinely have DDI and DLI-HMDA percentages 3-5 times higher than peer groups such as "All Banks", "Banks with Assets ≤$ 2 Billion", and "Top-Ten" banks by asset size.
3. Though financial times are difficult for CDFI banks as they are serving low- and moderate income communities which are more vulnerable, the social impact of these institutions warrants greater support from stakeholders in the form of investments, policy changes, and advocacy.
|
![[ NCIF - Click for Home Page ]](http://www.ncif.org/images/logo_home.jpg){kind=logo}
