Average Balances definition
Average Balances means the average amount of segregated and non-segregated client balances that generate interest income for us over a given period, calculated by taking the balances at the end of each quarter for the last five quarters.
Average Balances means the average of the daily holdings in exchanges, banks and other investments over the period. Previously, average balances were calculated as the average month end amount of segregated and non-segregated client balances that generated interest income over a given period.
Average Balances means the total of daily day-end balances of the Eligible Customer’s Participating Account for the month divided by total number of days in the month.
Examples of Average Balances in a sentence
Access Checking N/A N/A N/A None in an office $500 online $5,000 in Combined Monthly Average Balances.
The Average Balances for a year are calculated by performing the calculation at the end of each quarter during the fiscal year (including in the fiscal year’s opening balance sheet) and then averaging those amounts over five quarters.
Average Balances, Net Interest Income, Yields Earned and Rates Paid.
More Definitions of Average Balances
Average Balances. Net Interest Income and Average Yields The following table sets forth information about our average interest-earning assets and interest-bearing liabilities and reflects the average yield of interest-earning assets and the average cost of interest-bearing liabilities for the periods and at the date indicated. Average balances are derived from month-end balances. Investment securities include the aggregate of securities available for sale and held to maturity. The average balance and average yield on investment securities is based on the fair value of securities available for sale and the amortized cost of securities held to maturity. The average balance of loans receivable includes delinquent loans, which are not considered significant. The average balance of stockholders' equity includes the net unrealized loss on available for sale securities. The following table does not reflect any effect of income taxes. IBL Bancorp, Inc. Average Balances, Net Interest Income, Yields Earned and Rates Paid Year Ended Year Ended December 31, 2001 December 31, 2000 Average Average Average Average Balance Interest Rate Balance Interest Rate ------- -------- ----- ------- -------- ----- (Dollars in Thousands) Interest-earning Assets: Loans receivable (2) $21,115 $ 1,816 8.60% $19,677 $1,632 8.29% Mortgage-backed securities 8,219 518 6.30% 7,474 488 6.53% FHLB stock and other investment securities 610 30 4.92% 225 17 7.56% Interest-bearing deposits 2,229 95 4.26% 2,595 146 5.63% ------- ------- ---- ------- ------ ---- Total interest-earning assets 32,173 2,459 7.64% 29,971 2,283 7.62% Non-interest earning assets 528 534 ------- ------- Total assets $32,701 $30,505 ======= ======= Interest-bearing Liabilities: Deposits (3) $25,186 $ 1,098 4.36% $23,801 $1,003 4.21% FHLB advances 3,314 158 4.77% 2,834 170 6.00% ------- ------- ---- ------- ------ ---- Total interest-bearing liabilities 28,500 1,256 4.41% 26,635 1,173 4.40% Non-interest bearing liabilities 291 352 ------- ------- Total liabilities 28,791 26,987 Stockholders' equity 3,910 3,518 ------- ------- Total liabilities and stockholders' equity $32,701 $30,505 ======= ======= Net interest income / average interest rate spread $ 1,203 3.23% $1,110 3.22% ======= ==== ====== ==== Net interest margin (4) 3.74% 3.70% ==== ==== Interest-earning assets to interest-bearing liabilities 112.89% 112.52% ====== ====== Year Ended December 31, 1999 Average Average Balance Interest Rate ------- -------- ----- Interest-earning Assets:...