Table 1.
PPP Performance and PPPE for the Largest 20 Banks. Table 1 reports individual bank statistics and the PPPE index for the 20 largest financial institutions in the United States. Total Assets is computed using information from fourth quarter 2019 Call Reports. Share of PPP Volume is the total amount disbursed by each financial institution relative to the total amount disbursed under either the first round or both rounds of the program. Share of SBL Market is the share of the total outstanding amount of small business loans held by each financial institution relative to the total outstanding amount of small business loans as of the fourth quarter of 2019. PPPE (Vol.) is the volume-based bank PPPE index. Total assets are in millions of USD. Share of PPP Loans is the total number of loans processed by each financial institution relative to the total number of loans processed in either the first round or in both rounds of the program. Share of SBL Loans is the share of the total number of outstanding small business loans held by each financial institution relative to the total outstanding number of small business loans as of the fourth quarter of 2019. PPPE (Nbr.) is the number-based bank PPPE index.
| (1) | (2) | (3) | (4) | (5) | (6) | (7) | (8) | (9) | (10) | (11) | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Financial Institution Name | Total Assets | Share of PPP Volume R1 | Share of PPP Volume R1&2 | Share of SBL Market | PPPE R1 (Vol.) | PPPE R1&2 (Vol.) | Share of PPP Loans R1 | Share of PPP Loans R1&2 | Share of SBL Loans | PPPE R1 (Nbr.) | PPPE R1&2 (Nbr.) |
| JPMORGAN CHASE BANK, NATIONAL ASSOCIATION | 2337707 | 3.74% | 5.84% | 6.54% | -0.136 | -0.028 | 1.71% | 6.16% | 10.4% | -0.360 | -0.130 |
| BANK OF AMERICA, NATIONAL ASSOCIATION | 1866841 | 1.13% | 5.10% | 9.51% | -0.393 | -0.151 | .595% | 7.79% | 11.8% | -0.452 | -0.103 |
| WELLS FARGO BANK, NATIONAL ASSOCIATION | 1736928 | .038% | 2.08% | 6.50% | -0.494 | -0.257 | .066% | 4.14% | 4.30% | -0.485 | -0.009 |
| CITIBANK, N.A. | 1453998 | .394% | .702% | 2.12% | -0.343 | -0.251 | .456% | .693% | 9.72% | -0.455 | -0.433 |
| U.S. BANK NATIONAL ASSOCIATION | 486004 | .723% | 1.48% | 3.32% | -0.321 | -0.192 | 1.15% | 2.25% | 5.64% | -0.331 | -0.215 |
| TRUIST BANK | 461256 | 2.97% | 2.62% | 2.01% | 0.096 | 0.066 | 2.02% | 1.77% | 1.73% | 0.040 | 0.006 |
| CAPITAL ONE, NATIONAL ASSOCIATION | 453626 | .022% | .243% | 2.82% | -0.492 | -0.421 | .012% | .335% | 10.3% | -0.499 | -0.469 |
| PNC BANK, NATIONAL ASSOCIATION | 397703 | 2.75% | 2.60% | 1.12% | 0.210 | 0.199 | 1.35% | 1.70% | 1.37% | -0.004 | 0.054 |
| BANK OF NEW YORK MELLON, THE | 342225 | 0% | 0% | .002% | -0.500 | -0.500 | 0% | 0% | .000% | -0.500 | -0.500 |
| TD BANK, N.A. | 338272 | 1.83% | 1.69% | .687% | 0.228 | 0.212 | 1.70% | 1.88% | .569% | 0.249 | 0.268 |
| STATE STREET BANK AND TRUST COMPANY | 242148 | 0% | .000% | 0% | 0.000 | 0.500 | 0% | .000% | 4.49% | -0.500 | 0.413 |
| CHARLES SCHWAB BANK | 236995 | 0% | 0% | .074% | -0.500 | -0.500 | 0% | 0% | .003% | -0.500 | -0.500 |
| MORGAN STANLEY BANK, N.A. | 229681 | 0% | 0% | .144% | -0.500 | -0.500 | 0% | 0% | .008% | -0.500 | -0.500 |
| GOLDMAN SACHS BANK USA | 228836 | 0% | 0% | .003% | -0.500 | -0.500 | 0% | 0% | .000% | -0.500 | -0.500 |
| HSBC BANK USA, NATIONAL ASSOCIATION | 172888 | .129% | .240% | .084% | 0.105 | 0.240 | .067% | .093% | .014% | 0.328 | 0.369 |
| FIFTH THIRD BANK, NATIONAL ASSOCIATION | 167845 | 1.01% | 1.06% | .458% | 0.188 | 0.200 | .625% | .861% | .192% | 0.265 | 0.318 |
| ALLY BANK | 167492 | .213% | .145% | 2.11% | -0.408 | -0.436 | .055% | .021% | 1.38% | -0.461 | -0.485 |
| CITIZENS BANK, NATIONAL ASSOCIATION | 165742 | 1.14% | .992% | .807% | 0.086 | 0.051 | 1.60% | 1.15% | .527% | 0.253 | 0.187 |
| KEYBANK NATIONAL ASSOCIATION | 143390 | 2.19% | 1.59% | .729% | 0.251 | 0.186 | 2.14% | .932% | .274% | 0.387 | 0.273 |
| BMO HARRIS BANK NATIONAL ASSOCIATION | 137588 | 1.20% | .919% | 1.95% | -0.120 | -0.181 | .683% | .489% | .541% | 0.058 | -0.025 |
| ALL OTHER BANKS | 6889908 | 80.4% | 72.6% | 58.9% | -0.042 | -0.048 | 85.7% | 69.6% | 40.9% | 0.215 | 0.212 |