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Record W194240540

Other Banks and Thrifts among the Top Performers

2004· article· en· W194240540 on OpenAlex
Bill Streeter

Why this work is in the frame

A frame that forgets how it found something cannot be audited. These are the routes that admitted this work.

aboutThe title or abstract carries a Canadian signal from the geographic lexicon.
no affNo Canadian affiliation: this work is invisible to an affiliation-only frame.
No Canadian affiliation. An affiliation-only frame, the usual design, would never have seen this work. It is one of the works that make the case for inverting the frame.

Bibliographic record

VenueABA banking journal · 2004
Typearticle
Languageen
FieldEconomics, Econometrics and Finance
TopicBanking stability, regulation, efficiency
Canadian institutionsnot available
Fundersnot available
KeywordsNational bankQuarter (Canadian coin)CharterCurrencyPublicityBusinessTreasuryState (computer science)Political scienceFinanceLawEconomicsHistory
DOInot available

Abstract

fetched live from OpenAlex

Two other institutions that placed first or second in one of the categories in our special report declined to provide any information in response to our request. The following sketches of these institutions, therefore, were pieced together from publicly available data. People's Bank, Paris, Texas This small bank in the northeastern corner of the Lone Star state has had its share of national publicity. Last year it was a top non Sub S performer with an ROE of 40.75%. That performance was driven in part by its participation in payday lending through an arrangement with Advance America of South Carolina, an arrangement that came to an abrupt halt early last year. On January 30th, Peoples National Bank signed a consent order with the Office of the Comptroller of the Currency in which it agreed to end its payday lending by March 31st of 2003, and to pay $175,000 in civil money penalties, without admitting or denying any wrongdoing. In an article about the bank's performance in last July's ABA Banking Journal, Peoples Bank CEO Ronald Abbott predicted that without payday lending, the bank's ROE would be in the range of 15-18% for the year. In fact, the bank, which converted to a state charter on March 3 of this year and changed its name to Peoples Bank, finished the year with an ROE of 43.24%, and placed first among non sub S banks and thrifts under $100 million. Looking at the company's financials quarter to quarter, it is evident that things changed dramatically after the first quarter. The yield on earning assets, for example, plummeted from 70.45% in the first to 6.22% in the third quarter. ROE likewise plunged (from 139.39% to 6.45%) for the same two quarters. Yet, on a year-to-date basis, the first quarter's huge numbers carried the bank further than Abbot anticipated when he spoke with us in May of 2003. But there were other factors as well. Noninterest income to total revenue jumped from 2.15% to 28.30% yearend to yearend. Abbott said last year that the bank had an overdraft protection, or bounce protection, program. Real estate lending, another source of fee income, increased last year from $45.2 million to $52 million, about two thirds of which was 1-4 family residential loans. Other notable Peoples Bank numbers: total assets shrank from $106.6 million to $96 million, accounted for largely by a decrease in loans to individuals; securities increased from $7.5 million to $18 million; and net charge-offs plunged from $4.1 million to $299,000. In last year's interview, Abbott said the local economy was strong, with several large corporations in town, which generates a lot of mortgage demand. …

Fetched live from OpenAlex and de-inverted. Abstracts are not stored in this database: the inverted indexes are 8.6 GB of the frame’s 9.3 GB of text, and the host has 13 GB free.

Full frame distilled prediction

Teacher imitation

Not calibrated prevalence, not ground truth. Human validation pending. Learned from the 10,348 direct Codex labels and 10,348 direct Gemma labels. Candidate is the union of thresholded teacher heads; consensus is their intersection. These outputs are machine_predicted_unvalidated and are not human labels or direct frontier model labels.

metaresearch head score (Codex)0.001
metaresearch head score (Gemma)0.000
Version: codex-gemma-dda1882f352aValidation status: machine_predicted_unvalidated
Candidate categoriesnone
Consensus categoriesnone
DomainCandidate signal: none · Consensus signal: none
Study designCandidate signal: Observational · Consensus signal: Observational
GenreCandidate signal: Empirical · Consensus signal: Empirical
Teacher disagreement score0.017
Threshold uncertainty score0.755

Codex and Gemma teacher scores by category

CategoryCodexGemma
Metaresearch0.0010.000
Meta-epidemiology (narrow)0.0000.000
Meta-epidemiology (broad)0.0000.000
Bibliometrics0.0000.000
Science and technology studies0.0010.000
Scholarly communication0.0000.000
Open science0.0000.000
Research integrity0.0000.000
Insufficient payload (model declined to judge)0.0010.000

Machine scores (provisional)

The two teacher heads of the student model, read on this work. A score orders the frame for review; it never asserts a category, and the validation status ships verbatim with every row.

Baseline scores from an immature model (maturity gate not passed, 7 training rounds). Scores rank; they never assert a category.

Opus teacher head0.015
GPT teacher head0.216
Teacher spread0.201 · how far apart the two teachers sit on this one work
Validation statusscore_only:v0-immature-baseline · verbatim from the scoring run: score_only means the number may rank works, and no category label ships from it